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HindustanTimes Fri,24 Oct 2014

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Xiaomi shifts smartphone user data out of Beijing on privacy concerns

Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.

Forecast disappointing: Amazon staring at a blue Christmas?

It might be a blue Christmas for Amazon. The world's largest retailer gave a disappointing forecast for the crucial holiday quarter. The company also reported a wider loss than analysts expected for the third quarter.

Sensex gains in Diwali session; hopes high in new trading year

Indian shares rose in a special 'muhurat' trading session for Diwali on Thursday, led by gains in Suzlon Energy Ltd. while hopes for continued foreign fund inflows into the country also boosted sentiment.

Digging deep: Foreign firms may get to mine coal in India

Foreign companies with units or joint ventures in India may eventually be allowed commercial coal mining in India and dig deep into the mines that that are estimated to contain the world’s fifth largest coal reserves.

HDFC profit rises 7% to Rs. 1,358 cr; revenue up 12%

India’s largest private sector mortgage lender, Housing Development Finance Corp, on Wednesday posted a 7% year-on-year rise in standalone net profit to Rs. 1,358 crore during the second quarter against Rs. 1,266 crore in the year-ago period.

Sensex up 212 points at 1-month high as Samvat 2070 draws to a close

Samvat year 2070 ended with a bang as Sensex on Wednesday soared 212 points to finish at one-month high and Nifty jumped 68 points to close just shy of 8,000 mark on optimism festive sales will boost earnings.

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.

Rupee ends flat, outlook positive

Wednesday's closing for rupee is the strongest level since 61.1 against US dollar on October 13, 2014. In the forwards market, premium recovered on fresh payments by banks and corporates.

Govt may come out with new policy on minerals allocation

The new coal mining policy is likely to set the tone for more transparent schemes in mining of other minerals and give more regulatory powers to state governments.

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 FTIL.

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.

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.

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.

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.

Sensex gains 146 points; banks stocks rise

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,552.45 points, closed the day's trade 26,575.65 points, up 145.80 points or 0.55% from the previous day's close at 26,429.85 points.
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