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HindustanTimes Wed,26 Nov 2014

Business

Traditional medicines, visa fees top India-US trade talks

Visa fees and increased market access for India’s traditional and ayurvedic medicines topped the agenda for trade talks with the US that got underway here on Tuesday.

'Defaulting large borrowers are like freeloaders'

The Reserve Bank of India on Tuesday warned of an uneven sharing of risks and returns in large Indian companies where promoters retain the upside in good times and have limited accountability in times of crisis.

Cos using neuroscience to map response to advertisements

Fast-moving consumer goods major Godrej Group launched a new consumer connect initiative Masterbrand 2.0, under which the company will launch a series of ads showcasing new products.

Offshore black money: ED for seizing domestic equivalent

Indians suspected of holding illegal assets abroad could have property or other possessions of equivalent value seized at home. This is one among many measures proposed to stamp out black money.

Twitter to boost online voting and video with new tools

Microblogging service Twitter, which has emerged as the prime internet platform for politicians, policymakers and journalists across the world to break, share and discuss news and build public opinion, is ready with new innovations that will help instant polls and easy reading of linked content.

Sensex, Nifty log biggest drop in nearly six weeks

In their biggest drop in nearly six weeks, benchmark Sensex on Tuesday tumbled 161 points to 28,338.05 and Nifty index fell 67 points to 8,463.10 from record highs due to profit-booking and worries over new norms on P-Notes.

Rupee rebounds 8 paise against dollar to end at 61.86

After breaching the 62-mark in early trade, Indian rupee on Tuesday rebounded and ended with a gain of 8 paise at 61.86 against the Greenback on account of suspected RBI intervention through state-owned banks.

SBI set to launch Shariah-compliant mutual fund

The State Bank of India (SBI) will launch a Shariah-compliant mutual fund next month, the first time a state-owned bank will roll out an Islamic financial instrument for the country’s estimated 170-million Muslim population.

More Indians to head global cos: top headhunter

Microsoft CEO Satya Nadella, PepsiCo CEO Indira Nooyi, MasterCard president and CEO Ajay Banga and their ilk will have more Indians to give them company at top positions.

Missed golden chance with Zest: Tata Motors

Homegrown auto major Tata Motors on Monday said it erred in realising the demand for its sub-4-metre mid-size sedan Zest, adding that it may have missed a golden opportunity in the process.

Adani Power buys Korba plant from Avantha Group

Adani Power on Monday announced entering into a binding agreement with Gautam Thapar-led Avantha Group to buy out the latter’s Korba West Power Company Ltd that has executed a 600 MW power project at Korba in Chhattisgarh.

Nissan giving Indian customers a raw deal with Datsun GO?

It may have received a lot of flak recently for the lack of safety features on it's car Datsun GO, but Japanese car major Nissan is planning to launch a seven-seater version, GO Plus, also without these features, in January.

Airtel sells mobile towers in Nigeria to ATC for $1.05 bn

Telecom operator Bharti Airtel has sold its 4,800 mobile towers in Nigeria to US based American Towers Company for about $1.05 billion in a move to pare debt.

10 names shortlisted for appointment as CMDs in 8 PSU banks

A high-level search panel headed by Reserve Bank governor Raghuram Rajan has shortlisted 10 executive directors for the post of chairman and managing director (CMD) in eight public sector banks.

India can grow at 9%, become $10 tn economy: PwC

India has the potential to achieve 9% growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said on Monday.

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