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HindustanTimes Sun,31 Aug 2014

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Panasonic, Tata join hands for water purification system: Reports

Japan's Panasonic and salt to steel conglomerate Tata group have joined hands to develop a compact water purification system for India, said a media report.

Sensex makes weekly gains amidst strong investor sentiments

Expectations of stable GDP growth figures and expectation of quick notifications for hike in foreign capital limits in defense and railways led to positive investor sentiments in the Indian equities market which made gains in the week ended August 28.

Monsoon blues: Poor rains likely to hurt agriculture output

India’s economy may have recorded its fastest growth in nine quarters, but a lot depends on this year’s summer harvest that has been hit by patchy rains in the main cereal-growing states.

RIL plans Rs. 78,000-cr projects, refinery to come up in Jamnagar

After announcing plans to invest Rs. 1.8 lakh crore till 2016 across businesses, Reliance Industries Ltd is gearing up for another big investment of $13 billion to set up its third refinery-cum-petrochemical complex at Jamnagar in Gujarat.

HTC mobiles official sponsor of Kings XI Punjab

HTC Mobiles on Friday said it has become an official sponsor for Kings XI Punjab, one of the eight cricket teams of IPL. The sponsorship comes ahead of the sixth edition of the Champions League scheduled to be held from September 13 2014.

Former Infosys executives Bala, Pai plan $100mn global tech fund

Former Infosys board members and chief financial officers TV Mohandas Pai and V Balakrishnan are planning a $100-million (Rs 600-crore) offshore venture fund to invest in technology startups worldwide.

Debt trap: Rs. 4.5 lakh cr worth of power projects on the block

With debt stuck projects languishing for want of fuel and timely clearances, India is currently saddled with a power capacity of 80,000 to 85,000 megawatt (involving an investment of over Rs. 4.5 lakh crore) that has been put on the block by developers.

Apple sends out invites to Sept 9 event

Apple on Thursday sent out invitations to an event on September 9 near its Silicon Valley headquarters, amid rumors the tech giant will unveil a new iPhone and maybe a wearable device.

Reform of industrial disputes act recommended in report

A report by the Centre for Public Affairs and Critical Theory, Shiv Nadar University says that an amended industrial disputes act should not assume a confrontational relationship between workers and management.

Gold up for third day on softer dollar, geopolitical tension

Gold rose for the third straight day on Thursday as euro regained strength against the US dollar and tensions between Ukraine and Russia burnished the metal's safe haven appeal.

IBM launches Watson system for research, hopes for breakthroughs

IBM Corp on Wednesday launched a computer system that can quickly identify patterns in massive amounts of data, an ability that IBM said should hasten breakthroughs in science and medical research.

Dream run: Capital inflows fuel Sensex, Nifty to record highs

Indian markets continued their dreamrun on the back of capital inflows with the Sensex on  Thursday gaining for the sixth day as it rose 78 points to end at new closing peak of 26,638.11, wrapping up the seventh straight month of gains in August.

Rupee recovers 7 paise against dollar in early trade

The rupee recovered by 7 paise to trade at 60.38 against the US dollar in early trade on selling of the American currency by banks and exporters amid sustained foreign capital inflows on Thursday.

SC orders DLF to pay Rs. 630 cr fine within 3 months for unfair practices

The Supreme Court directed on Wednesday real estate giant DLF to deposit Rs. 630-crore fine imposed by Competition Commission of India (CCI) for alleged unfair trade practices pending its appeal.

Ratan Tata invests in Snapdeal.com

Snapdeal, which has raised about $400 million since its inception, has invested about $100 million in logistics and operations to expand its presence in the $3 billion Indian eCommerce market.

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