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HindustanTimes Wed,22 Oct 2014

Business

AI Dreamliner loses ground contact, Italy scrambles jets

The Italian Air Force had to scramble fighter jets to escort an Air India (AI) Boeing 787 Dreamliner flight from Delhi to Rome last week after the plane lost radio contact with Air Traffic Control (ATC) following a failure of its communication system, HT has learnt.

FTIL to absorb NSEL, liabilities; share tanks 20%

In a move that is likely to help investors hit by the alleged Rs. 5,600-crore fraud at the NSEL recover their dues, the government on Tuesday ordered merger of NSEL with parent company Financial Technologies (India) Ltd (FTIL).

CBI files ‘final’ closure report, gives clean chit to KM Birla, Parakh

The CBI on Tuesday filed a revised and final closure report before a special court, in the case relating to alleged irregularities in allocation of two coal blocks in Odisha to Hindalco in 2005.

Two-wheelers zoom, cars too join party on dhanteras

Domestic car and two-wheeler manufacturers revelled on a bumper Dhanteras on Tuesday, traditionally a day when the largest number of vehicles are delivered to customers across India, which acted as a booster dose to the uncertain fortunes of the industry. 

Govt may come out with newpolicy on minerals allocation

The new coal mining policy, which proposes e-auction of blocks to private companies, is likely to set the tone for more transparent schemes in mining of other minerals and give more regulatory powers to state governments.

HDFC Bank net up 20% to Rs. 2,382 cr

India’s second largest private sector lender HDFC Bank on Tuesday reported a 20% year-on-year rise in net profit to `2,382 crore during the July-September quarter, helped by higher interest earned from loans.

Govt sets deadline of six months for rolling out Direct Tax Code and GST

The government has set itself a deadline of six months to implement Direct Tax Code (DTC) and Goods and Services Tax (GST) as part of its action plan to ease the doing business in India.

Gold is glittering this Dhanteras

Gold is glittering this Dhanteras as jewellers are experiencing good sales driven by better prices compared to last year. Last year, there was a supply crunch of gold in the market after the government hiked its import duty to 15% to curb higher import as that was causing imbalance in the current account deficit in the country.

India and Nepal ink agreement on power trade

Nepal’s energy secretary Rajendra Kishore Kshatri and his Indian counterpart Pradeep Kumar Sinha signed the document at a function held at Singha Darbar, the official seat of Nepal government.

Festive hiring to help create 4.5 lakh new jobs in Oct-Dec quarter

Its raining jobs this festive season as the October-December quarter is likely to create as many as 4.5 lakh vacancies thanks to a significant uptrend in demand from sectors such as e-commerce, hospitality and retail, experts say.

Private companies will be allowed commercial coal mining soon: Jaitley

A day after deciding to e-auction coal mines cancelled by Supreme Court to captive users, finance minister Arun Jaitley on Tuesday said commercial mining of coal will soon be opened for private sector firms.

Hindalco, Jindal shares surge on govt decision to auction coal blocks

The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck down last month as arbitrary.

Oil giant CEO killed after drunk snow plow driver rams his jet

The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snow plow at Moscow's Vnukovo International Airport, airport spokesperson Elena Krylova said on Tuesday.

Rupee gains 5 paise vs dollar, ends at over 1 week high of 61.31

The Indian rupee gained for the third session on Wednesday, surging by another five paise against US dollar to end at over one-week high of 61.31 on sustained selling of the greenback by banks and exporters in view of strong equity market and capital inflows.

Microsoft CEO Satya Nadella gets $84 million pay package

A regulatory document filed on Monday shows Nadella got a salary for the fiscal year that ended June 30 of $918,917 and a $3.6 million bonus. He also was given stock awards worth nearly $79.8 million but most of the payments will be made over several years.
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