HindustanTimes Sat,20 Dec 2014


PM backs market-based price for gas, energy

Prime Minister Manmohan Singh, whose UPA government has come under criticism for exercising controls on energy pricing, on Tuesday said that market-based pricing and technology were essential to meet India’s growing energy needs, underlying a reformist intent. Feeding energy-hungry India

Optimism rises on growth rebound

A day after finance minister P Chidambaram said that the Indian economy would clock a growth rate of 5% in 2013-14 in the backdrop of a sharp fall in the current account deficit (CAD), industry chambers CII and Ficci echoed the sentiment. Rosy talks on green shoots

Sensex up 106 points to 1-month high on GDP, manufacturing

The benchmark Sensex rose 106 points today to the highest level in a month after data showed economic growth in the second quarter was better than expected and manufacturing activity expanded last month.

Govt probe report seeks relief for NSEL investors

An interim government probe report has recommended immediate relief for the beleaguered investors of National Spot Exchange Limited, setting the ground for a potential winding down or a takeover of the commodities stock exchange.

WTO talks in Bali: India to defend food security plan

India has firmly placed its recently-launched food security scheme at the core of this week’s WTO’s ministerial conference in Bali, Indonesia, making it clear that it would not agree on a global trade regime that could hinder the roll-out of the programme.

Indian rupee, now without cbank support, gains on economic hopes

The Indian rupee rose to a near two-week high today as manufacturing activity returned to growth in November, but trimmed gains after the central bank said state-run oil companies were sourcing all of their dollar needs in markets.

ArcelorMittal says US buy won't impact $15 billion debt target

ArcelorMittal's acquisition of a US plant jointly with Nippon Steel & Sumitomo Metal Corp will not affect the world No 1 steelmaker's debt targets, ArcelorMittal's chief executive said on Sunday.

Twitter halo fades after listing; Facebook, LinkedIn hold ground

After a big-bang listing, Twitter shares seem to be losing its fizz while social media rivals Facebook and LinkedIn are holding the fort amid portfolio churn by investors.

Apple sued for patent infringement by DSS

The parent company Document Security Systems (DSS) claimed that Apple's products, including iMac, Mac mini, iPad, iPhone, iPod touch, iPod nano and the forthcoming Mac Pro, of infringing two of its patents, PCWorld reports.

India needs decisive govt for next decade: Rangarajan

Dr C Rangarajan, chairman of Prime Minister's Economic Advisory Council, on Saturday said that the coming decade will be crucial for the country as it needs to maintain decent growth rate of 8-9%.

Sensex surges 575 points weekly, snaps 3-week losing streak

Markets snapped a three-week losing streak and surged 575 points on renewed buying by operators and investors, as crude oil prices fell after Iran agreed to curb its nuclear programme.

ArcelorMittal, Nippon Steel buy ThyssenKrupp US factory

Steel manufacturing giant ArcelorMittal, Nippon Steel and Sumimoto Metal said in a statement they had agreed to buy a US steel plant owned by German firm ThyssenKrupp for $1.55 billion.

Tatas may reposition, relaunch Nano car

In its bid to revive the sagging fortunes of the Nano, Tata Motors is looking at various alternatives including launching it with a different image in another developing market such as Indonesia and then bringing it back to India.

China, India cut back Iranian crude, duck US sanctions

China and India have dodged US sanctions by cutting back on Iranian crude, Washington said Friday as it pledged to "aggressively" enforce such punitive measures despite a nuclear deal with Tehran.

Monsoon effect key to economic turnaround

A normal June-September monsoon, as is expected, could be crucial for the UPA government ahead of a general election in 2014, helping it focus on growth, while curbing inflation and keeping its borrowings under check.
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