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HindustanTimes Wed,24 Sep 2014

Business

Hackers break into AAI network, steal crucial information

Hackers broke into the server of the country’s biggest airport operator, the Airports Authority of India, taking away crucial data and sending the government organisation into a tizzy.

Future Group to foray into food manufacturing

Amid debt challenges and margin pressures in the retail sector, Future Group’s foray into food manufacturing will kick-start with Modi inaugurating the first of its three mega food parks in Tumkur, near Bangalore, on Wednesday.

French honour for Indian-origin UK bizman Lalwani

Kartar Lalvani, the Indian-origin founder of Vitabiotics, has been conferred an honorary professorship of University of Franche-Comte, one of the oldest universities in Europe, for his work in the field of dermatology.

Syndicate Bank sacks CMD Jain

Syndicate Bank has terminated the services of CMD SK Jain, who was suspended following his arrest by the CBI for allegedly accepting bribe from companies including Bhushan Steel and Prakash Industries to extend their credit limits.

Ambani, Ruia to be part of ‘Make in India’ programme

Prime Minister Narendra Modi will launch the 'Make in India' programme on Thursday, ahead of his maiden visit to the US, rolling out the red carpet to investors through a string of measures including easier norms.

Syria bombing may hit fuel price, fan inflation

The US-led coalition’s air strikes against IS militants in Syria could push up oil prices, fan inflation and dash hopes of lower borrowing rates ahead of the festival season, just when the Indian economy was showing signs of clawing out of its deepest slump in 25 years.

AirAsia offers 1.5mn promo seats starting at Rs. 690

Malaysian no-frills carrier AirAsia said on Tuesday it has put on sale 1.5 million promotional seats for fares as low as Rs. 690 for one way journey under a limited period offer.

Philips to split off lighting business, form separate company

Philips said on Tuesday it would break its 120-year-old company in two, creating a stand-alone lighting business and merge consumer and healthcare divisions into a 15-billion euro business.

Sensex, Nifty fall most in 2-1/2 months;wealth drops Rs. 1.6 tn

Indian markets on Tuesday suffered a big jolt with Sensex crashing 431 points and Nifty plunging 129 points in their worst drop in two-and-a-half months following a sell-off in overseas markets on concerns over global growth.

Rupee falls to 1-week low of 60.94 vs USD as stocks drop

The Indian rupee on Tuesday depreciated by 12 paise to close at one-week low of 60.94 against the Greenback on month-end dollar demand from importers and steep fall in local equities.

Who are India’s lowest-paid CEOs?

A Mint analysis of the top 100 companies shows that the CEOs of Cummins India Ltd, Shriram Transport Finance Co. Ltd and Federal Bank Ltd were among the least-paid chief executives.

Modi effect: India back on US biz radar, says FICCI chief Birla

India is back on the commercial map of the United States after being ignored for the past few years, according to Sidharth Birla, president, Federation of Indian Chambers of Commerce and Industry (FICCI).

Indian BPOs eye LatAm, West Asia for growth

Expanding into Latin American countries would also help them serve US — their largest client — from closer locations. “West Asia is comparatively a virgin market for the Indian BPM companies.

Gujaratis sniff biz, flock to learn Chinese after Xi visit

Chinese President Xi Jinping’s recent visit has put the spotlight on Gujarat and Gujaratis are thronging Chinese teaching institutes to explore business opportunities with the neighbouring country.

FinMin to take stock of Jan Dhan Yojana, send progress report to PM

The finance ministry will soon initiate a survey to assess the efficacy of the Pradhan Mantri Jan Dhan Yojana (PMJDY) and analyse how many accounts have been opened. The report will be sent to Prime Minister Narendra Modi.

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