HindustanTimes Wed,01 Oct 2014


Sensex ends 62 points lower, RIL down by 1.96%

The BSE benchmark Sensex on Wednesday closed 62 points lower due to profit-booking ahead of long week-end amid reports that India's manufacturing sector in September expanded at the slowest pace in nine months.

Merc launches GLA Class in India at Rs. 32.75 lakh

German luxury carmaker Mercedes Benz on Tuesday launched its most affordable sports utility vehicle, the GLA class, at a starting price of Rs. 32.75 lakh, filling a big gap in its product portfolio.

Rajan holds interest rates, EMIs unlikely to dip soon

The Reserve Bank of India (RBI) kept rates on hold on Tuesday despite pressure from industry and government hopes that the central bank would lower borrowing costs to aid an incipient economic recovery.

Rupee weakens to lowest since March 4

The rupee fell as low as 61.95 per dollar on Wednesday, its weakest level since March 4, as traders unwound positions ahead of holidays and at a time when the greenback is gaining globally.

Rupee loses 22 paise to end at 7-month low of 61.75 against dollar

The rupee on Tuesday lost 22 paise to end at almost seven-month low of 61.75 against the dollar as month-end demand for the US currency from oil importers weighed on the local unit.

Sensex up 33 points, profit-booking takes away most gains

The BSE benchmark Sensex on Tuesday surrendered most of its early gains to close just 33 points higher as profit-booking emerged in power and metal shares ahead of long holidays for markets, even as RBI kept interest rates unchanged.

24x7 power: World Bank offers Centre a plan

The World Bank has submitted a detailed action plan that could help the government meet its objective of supplying power 24x7 in the country, with focus on bringing down distribution losses, improving infrastructure and expanding solar power.

eBay to invest in companies, tie up with retailers for growth

Online shopping giant eBay plans to grow further in India through investment in other Internet companies, partnerships with retailers, and commercial tie-ups with firms it has invested in.

Sensex falls 29pts ahead of RBI policy; IT shares up on weak Re

The benchmark Sensex on Monday fell about 29 points to end at 26,597.11 on weakness in interest rate sensitive banking and auto shares ahead of RBI's monetary policy review.

Rupee plummets to 7 month low, down 38 paise

The Indian rupee on Monday tanked 38 paise to log nearly 7-month closing low of 61.53 against the Greenback following dollar demand from importers and some weakness in stocks ahead of the RBI policy review.

Club Mahindra Resorts to add 500 rooms @ Rs. 500 cr

Mahindra Holidays and Resorts, a vacation ownership company part of the Mahindra Group, plans to spend up to Rs. 500 crore over the next 18 months towards capacity expansion.

Banks raise red flag over AI’s failure to mobilise funds

In what could spell fresh trouble for Air India (AI), banks have expressed concern to the aviation ministry and the airline management on AI’s failure to raise money through sale of properties worth Rs. 500 crore per year since 2011-12.

SBI not likely to make aggressive festival offers

A slowdown in credit pick upfrom corporates may prevent country's largest lender State Bank of India from announcing aggressive festive season offers for loan seekers, a top official has said.

Kingfisher says court stayed United Bank decision against company

Grounded Indian carrier Kingfisher Airlines Ltd has said a court has halted the execution of a decision by state-run United Bank of India that declared the airline and its directors 'wilful defaulters'.

FIIs pump in over Rs. 20,000 crore in September

Overseas investors have poured in a whopping over Rs. 20,000 crore in the Indian capital markets since the beginning of September as influenced by the reform agenda of the new government.
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