HindustanTimes Wed,20 Aug 2014


Dreamliner woes: Raju to meet Boeing execs

With the Boeing 787 Dreamliner continuing to give sleepless nights to Air India (AI), aviation minister Ashok Gajapathi Raju Pusapati has decided to take matters into his own hands.

Sensex, Nifty hit new highs on Modi's I-day pledge

Rising for the fifth day, benchmark Sensex on Monday gained over 287 points to log a new closing peak of 26,390.96 and the Nifty soared about 83 points to close at new record of 7,874.25 as investors cheered PM Narendra Modi's August 15 pledge.

SpiceJet shares jump on June quarter operating profit

Low-cost carrier SpiceJet jumps 13.5% after April-June results. June quarter operating profit at Rs. 90 million ($1.48 million) before restructuring and certain one-off costs, helps the rally.

Ministry rebukes ONGC for making 'frivolous allegations'

Rebuking ONGC for making 'frivolous allegations' against the government, the petroleum ministry has told the Delhi high court that the state-owned firm woke up from slumber to allege that its gas may be flowing out of wells of Reliance Industries' KG-D6 fields.

Mercedes-Benz accused of 'price-fixing': China media

China has accused Mercedes-Benz, a unit of German car giant Daimler, of price-fixing, state media reported, amid an anti-monopoly investigation into foreign carmakers.

Heat on defunct Radia firm over Rs. 1,700cr Tata-Unitech loan deal

CBI has registered a preliminary inquiry to probe into an alleged Rs. 1,700 crore land deal between Tata Realty and Unitech in 2007 to purportedly fund the latter's telecom project.

SAIL lines up Rs. 1,35,000-crore plan to triple capacity in 10 yrs

Steel Authority of India Ltd, will embark on the biggest expansion drive in its history to more than double its capacity to 50 million tonnes by 2025, a move that is likely to involve an an investment of Rs. 1,35,000 crore.

What’s cooking? 77 more towns set to receive piped gas access

Lakhs of customers and households will now have access to piped natural gas (PNG) with the government readying a roadmap to cover 77 new towns and cities across India over the next four to five years.

Insurance sector is hot again, global cos revive India plans

With foreign direct investment (FDI) limit in insurance set to go up to 49% from the current 26%, several global insurance giants are likely to revive their plans to enter the under-penetrated Indian market.

RBI forms committee to monitor shadow banking; realty in focus

With a large number of financial scams coming up in recent years, the Reserve Bank of India (RBI) has decided to take the growing phenomenon of shadow banking head on.

Sultan of Brunei offers $2bn for 3 Sahara hotels, emerges as leading bidder

An investment outfit affiliated to Brunei has offered $2.2 billion for the Plaza and Dream Hotel in New York and Grosvenor House in London, according to multiple reports.

Tatas may invest in Navi Mumbai airport

The aviation ministry recently allowed the Navi Mumbai airport, to be built through public-private partnership (PPP), to raise 26% of its equity from airlines against the 10% allowed in PPP airports.

Female bank staff may soon get transfers of their choice

The finance ministry has asked banks to formulate women-friendly transfer policies so that they can relocate to places where their husbands are working or parents are living, sources said.

REITs to need insurance cover; can't promise guaranteed return

To safeguard investors' interest,new norms for the launch of Real Estate Investment Trusts (REITs) in India will require such bodies to take adequate insurance cover for their realty assets and bar them from promising any guaranteed returns.

WPI to average 5.4%, CPI to average 7.0-7.5% in FY15: Barclays

The WPI inflation is likely to average around 5.4% and CPI to average between 7.0-7.5% during FY 14-15, says a Barclays research report.
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