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HindustanTimes Sat,25 Oct 2014

Business

Finance minister Arun Jaitley favours interest rate cut

Finance minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the RBI has signalled it will not ease policy until it is confident of lower inflation.

Stocks shiver in market game, but IT mood remains bullish

The stocks have fallen but that may hide some good news. India’s IT sector seems to be back in the robust growth game despite recent market hiccups  — if one looks beyond the obvious.

Mahurat trading sets positive tone for year ahead

The bullish sentiment witnessed during Mahurat trading day on the Bombay Stock Exchange on Wednesday has set a positive tone for the year ahead. Mahurat trading takes place for one hour on the day of Diwali, since it is considered auspicious. 

Fireworks back for FMCG companies this Diwali

With the overall consumer sentiment improving, companies are launching new products, and are finding buyers too. Premium products are selling particularly well, according to executives at several large consumer goods firms.

Wal-Mart names Murali Lanka as chief operations officer

The world's biggest retailer Wal-Mart Stores Inc on Friday named Murali Lanka as the chief operations officer of its Indian subsidiary with effect from December 1.

Adidas India appoints Dave Thomas as new managing director

Dave Thomas have been appointed as the new managing director of adidas group India. Thomas succeeds Erick Haskell who has decided to leave the German sportswear brand to take-on a new career opportunity.

India firm on objections to WTO Doha Round deal

Even as the World Trade Organisation's trade deal remained stalled due to India's objections, an Indian envoy at the UN stood firm on them, declaring a 'permanent solution on food security with necessary changes in World Trade Organisation (WTO) rules, if required, is a must and cannot be kicked down the road'.

Sensex begins Samvat 2071 on positive note, up 63 points

The first trading session of Samvat 2071 concluded on a positive note on Thursday with the Sensex rising over 63 points and the Nifty regaining the 8,000-mark, extending gains for the fifth straight session.

Tesco chairman resigns over profits fiasco

The chairman of Britain's biggest retailer Tesco will resign after the supermarket group was found to have overstated profits by £263 million, it announced on Thursday.

Modi's big bang reforms coming post Diwali

Modi government’s economic reform measures leading into Diwali — labour, diesel and coal — have lifted Indian stock markets by 3% in the last week alone. Now expect the trading New Year that begins Thursday to usher in bigger initiatives.

Wipro Q2 net up 8%, misses forecasts

Facing headwinds in business from its top clients, India’s third-largest IT services company, Wipro, narrowly missed market expectations with a 7.9% year-on-year rise in consolidated net profit to Rs. 2,080 crore during the July-September quarter.

Ex-Infy CFO Pai to invest in more ventures

Former Infosys CFO and board member Mohandas Pai, along with Manipal Group MD Ranjan Pai, will invest in three more venture funds, taking their investments in private equity ventures to $100 million in 10 funds that finance over two dozen early-stage companies.

Global firms may get to mine coal commercially

Foreign companies with units or joint ventures in India may eventually be allowed commercial coal mining in the country that is estimated to contain the world’s fifth-largest coal reserves.

Biocon net flat at Rs. 102 cr; revenue up 3%

Biotechnology firm Biocon on Wednesday reported a flat growth in its consolidated net profit to Rs. 102.05 crore for the second quarter ended September against Rs. 102.15 crore last year.

Asian Paints net at Rs. 347 crore

Asian Paints Ltd on Wednesday reported a consolidated net profit of Rs. 347.30 crore on the back of net sales of Rs. 3,586.75 crore for the second quarter ended September.
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