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HindustanTimes Thu,21 Aug 2014

Business

Sensex rises 56 points in early trade

The benchmark BSE Sensex recovered over 56 points in early trade on Thursday on emergence of buying by funds and retail investors amid a mixed trend in global markets.

Rupee down 13 paise against dollar in early trade

The rupee declined by 13 paise to 60.74 against the US dollar in early trade on Thursday due to appreciation of the American unit against other currencies overseas.

Syndicate bank case:Court to give order on bail pleas today

A Delhi court has deferred till Thursday its order on the bail pleas of Chairman-cum-Managing Director of Prakash Industries Ltd Ved Prakash Agarwal, and its Director Vipul Agarwal, who were among the six arrested in the Syndicate Bank bribery case.

Cabinet clears major infra, Digital India projects

The Union cabinet on Wednesday approved three major infrastructure projects that aim to connect people faster. The ambitious Digital India project that would bring high-speed internet connectivity to far-flung rural areas was also cleared.

HT far ahead of rivals, confirms fresh audit

This puts at rest, once and for all, the debate over the past six months wherein some readership figures had witnessed a dip compared to past surveys, thereby prompting some publishers to raise questions about IRS’ accuracy.

NTPC set to quit hydel power, NHPC thermal

India’s largest thermal power company, NTPC Ltd, is exiting its non-core assets comprising of 1,611 mega watt (MW) of hydel power projects to public sector units including National Hydroelectric Power Corp (NHPC) and others that possess core competence of executing hydro power projects.

Giant set to bring Rs10.6-lakh cycle to India

Top bike maker Giant is set to bring the world’s fastest bicycle, Propel Advanced SL 0, to India at a sticker price that will put a Harley Davidson to shame — Rs10.6 lakh.

Activa pips Splendor to July best-seller spot

With automatic scooters getting back in vogue, scooter market leader Honda Activa surged ahead of long time market leader Hero Splendor to emerge as the largest selling two-wheeler in the country in July 2014.

Steve Ballmer to log out fully from Microsoft, focus on NBA team

Former Microsoft CEO Steve Ballmer is stepping down from the company's board. Microsoft Corp published Ballmer's resignation letter on its website Tuesday along with a response from current CEO Satya Nadella thanking him and wishing him well.

Rupee down 15 paise against dollar in early trade

Snapping its two-day rising streak, the rupee fell by 15 paise to 60.82 against the US currency in early trade at the Interbank Foreign Exchange market on Wednesday due to the dollar's gain against other units overseas.

Sensex, Nifty retreat from highs as markets log 1st drop in 7 days

In its first drop in seven days, the benchmark Sensex today retreated from record highs and ended 106 points down at 26,314.29 as investors booked gains in oil and gas, FMCG and capital goods scrips amid mixed global cues.

Disclose company board decisions within 15 minutes: Sebi

Market regulator Sebi has proposed that all listed companies should intimate within 15 minutes of closure of the board meetings about decisions on dividends, bonus, fund-raising and buyback, among others.

Samsung buys US air conditioner firm Quietside in 'smart home' push

It is the South Korean firm's second such acquisition within a week after it said on Friday it had purchased SmartThings, a U.S.-based platform developer which builds apps that allow users to monitor, control and automate devices at home.

Gold remains weak on sluggish demand, global cues

Extending declines for the fourth day, gold prices on Tuesday fell by another Rs. 50 to close at Rs. 28,550 per ten gram at the bullion market in the national capital due to subdued demand from jewellers amid a weak trend overseas on easing geo-political tensions.

TCS subsidiary gets multi-million pound deal from Friends Life Management

Tata Consultancy Services said its subsidiary Diligenta had signed a multi-million pound deal with financial services company Friends Life Management Services Ltd for its international operations.
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