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October 31, Friday 2014 2:28 PM       
       HEADLINES: Accused sustains injuries in fall from train                                              Accused held in murder of deputy tahsildar                                              Madhani’s bail extended for a week                                              Sonia, Rahul pay tribute to Indira Gandhi on 30th death anniversary                                              Five-year-old Pakistani becomes youngest Microsoft certified professional                                              Bengaluru FC beat Mohammedan Sporting in Durand                                              Saina climbs to No.5 in rankings                                              Advani clinches World Billiards title, bags 3 Grand Doubles                                              Kaumudi Facebook
       BUSINESS  
         Sensex, Nifty log new highs on eco reforms, Fed rate stance    
 
 
MUMBAI: Indian markets today cheered Modi government's move to ease FDI rules in construction sector and the Federal Reserve sticking to its stance of low US interest rates with benchmark Sensex surging about 248 points to end at new peak of 27,346.33, extending gains for the third day.

 
         Property prices likely to remain stable for next 6 mths:Survey    
 
MUMBAI: Even as the overall sentiment in the real estate sector has improved, buyers feel property prices across top 10 cities are likely to remain stable for the next six months, according to a recent survey.

 
         WhatsApp founders own nearly USD 9 billion in Facebook stock    
 
WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly USD 9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.

 
         Govt relaxes FDI norms for construction, real estate sector    
 
 
NEW DELHI: In a boost to cash-starved real estate industry, government today relaxed rules for FDI in the construction sector by reducing minimum built-up area as well as capital requirement and easing the exit norms.

 
         India fares better in protecting minority investors: WB    
 
 
WASHINGTON: While India's rank for 'ease of doing business' has worsened to 142nd position globally, it fares much better in terms of protection of minority investors and credit availability at 7th and 36th places, respectively.

 
         Gold futures surge 0.17% on global cues    
 
 
NEW DELHI: Gold prices rose by Rs 45 or 0.17% to Rs 27,180 per 10 grams in futures trade today after participants created fresh positions taking cues from overseas markets.

 
         20 Keralites in Arabian Business '100 Indian Power List'    
 
 
DUBAI: As many as 20 entrepreneurs and professionals from Kerala have been named in the annual list of 100 powerful Indians in the Gulf countries with people from the southern state also bagging the top two positions.

 
         Day after announcing India plans, SoftBank invests in Snapdeal    
 
 
NEW DELHI: Japan-based telecom and Internet giant SoftBank today said it has invested USD 627 million in homegrown online marketplace Snapdeal, a move which is further set to intensify the fiercely competitive e-commerce space in the world's second most populous market.

 
         Ola to raise USD 210 mn from SoftBank, other investors    
 
 
NEW DELHI: Ola, a mobile app for cab booking, will raise USD 210 million (about Rs 1,260 crore) from Japan's SoftBank Group and other existing investors Tiger Global, Matrix Partners India and Steadview Capital.

 
         UCO Bank identifies Kingfisher Airlines as 'wilful defaulter'    
 
 
KOLKATA: City-based UCO Bank today said it has "identified" Vijay Mallya-owned Kingfisher Airlines (KFA) as a "wilful defaulter" and will be sending a notice to the defunct carrier.

 
         Nissan to recall 9,000 units of Micra, Sunny models in India    
 
 
NEW DELHI: Japanese auto major Nissan is recalling 9,000 units of its compact car Micra and mid-sized sedan Sunny in India to replace defective airbags as part of a global recall.

 
         Cafe Coffee Day ordered to slam doors on QNet reps    
 
 
MUMBAI: As part of efforts to stop alleged illegal activities of Hong Kong-based multi-level marketing company QNet, accused of involvement in a Rs 425-crore fraud, Mumbai police has ordered popular coffee shop Cafe Coffee Day (CCD) to shut doors to representatives of the controversial firm.

 
         Bottlenecks need to be cleared to woo private investments:CEA    
 
 
WASHINGON: Acknowledging that private investment is stifled in India due to "lots of regulations" and also scarcity of coal and electricity, new Chief Economic Adviser Arvind Subramanian has said that removing these bottlenecks will be key to kick start growth in the country.

 
         US prosecutor honoured for probe against Infosys    
 
 
WASHINGTON: A US prosecutor who successfully investigated a precedent-setting work visa fraud case against Infosys, resulting in the Indian IT giant paying a whopping USD 34 million in fine, has been recognised by Secretary of Homeland Security Jeh Charles Johnson for his work.

 
         'Cloud' lifts Microsoft earnings above expectations    
 
 
SAN FRANCISCO: Microsoft today reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet "cloud" services for enterprises.

 
         Oil prices down in Asia    
 
 
SINGAPORE: Oil prices tanked further in Asian trade today as a crude supply glut overshadowed news that China's key manufacturing sector picked up slightly, analysts said.

 
         Gold, silver fall on eve of Diwali    
 
 
NEW DELHI: After two days of gains, gold prices fell by Rs 75 to Rs 27,850 per ten grams on the eve of Diwali in the national capital today owing to slackened demand from jewellers and retailers at existing higher levels amid a weak trend overseas.

 
         Sensex extends gains, up 212 pts in early trade    
 
 
MUMBAI: The benchmark BSE Sensex today rose over 212 points in early trade on the last trading session of the Samvat Year 2070, extending gains for the fourth straight day on increased capital inflows amid the government announcing a slew of economic reforms.

 
         Revised GST Bill in Winter Session: Jaitley    
 
 
NEW DELHI: Finance Minister Arun Jaitley today said the revised Constitution Amendment Bill to roll out GST would be introduced in the forthcoming Winter Session of Parliament. He also said the first "tranche" of compensation to states for their revenue loss arising due to phasing out of Central Sales Tax (CST) may also be taken up in the Winter Session.

 
         Festive hiring to help create 4.5 lakh new jobs in Oct-Dec qtr    
 
 
NEW DELHI: Its raining jobs this festive season as the October-December quarter is likely to create as many as 4.5 lakh vacancies thanks to a significant uptrend in demand from sectors such as e-commerce, hospitality and retail, experts say.

 
         Sensex at over 1-wk high, Nifty regains 7,900 mark on reforms    
 
 
MUMBAI: Markets rose for the third straight session today with Sensex gaining 146 pts to end at over one-week high of 26,575.65 and Nifty jumping 48 points to regain 7,900-mark led by power, metal and banking stocks after government laid a broad roadmap for coal mine allocation.

 
         SpiceJet announces another low-fare offer    
 
 
NEW DELHI: SpiceJet today continued with its galore of special offers announcing yet another limited- period discounted one-way domestic fare offer, ranging from all-inclusive fares of Rs 899 to Rs 2,499.

 
         Sitharaman raps Coffee Board for poor performance    
 
 
BANGALORE: Commerce and Industry Minister Nirmala Sitharaman today expressed disappointment over the functioning of the Coffee Board saying that the organisation lacks robustness and it should improve its performance.

 
         NDA govt reforms aimed at ensuring ease of business: US envoy    
 
 
CHENNAI: The NDA government's proposed economic reforms aimed at ensuring ease of business in the country will encourage more global firms to set up shop and expand here, US Ambassador to India Kathleen Stephens said.

 
         Sensex ends 321 points up; auto stocks up    
 
 
MUMBAI: After losing 0.71 percent in the last weekly trade session, a benchmark index of Indian equities markets Monday provisionally closed the day's trade 321.32 points or 1.23 percent up as automobile, banks, capital goods, oil and gas and metal stocks gained.

 
         US-India trade body to partner in Vibrant Gujarat summit    
 
 
WASHINGTON: The US-India Business Council (USIBC) will lead a US delegation of Fortune 500 CEOs and senior executives to the Vibrant Gujarat 2015 summit in Gandhinagar, Gujarat in January 2015.

 
         Sensex down for 4th straight week;dips 189 pts on global probs    
 
 
MUMBAI: The benchmark S&P BSE Sensex continued its downward march for the fourth straight week, tumbling 189 points to end at two-month low of 26,108.53 after plunging below the 26,000-level during the truncated week under review on global growth worries and capital outflows.

 
         DLF approaches SAT against Sebi order    
 
 
NEW DELHI: Realty giant DLF today filed an appeal before the Securities Appellate Tribunal (SAT) against a Sebi order barring it and top executives from capital markets.

 
         Cisco chief bullish on India    
 
 
CHICAGO: Pinning hopes on the new NDA government, global tech major Cisco chairman John today said he is is quite bullish on India and expressed confidence that Prime Minister Narendra Modi will drive reforms and deliver.

 
         Sensex rebounds 71 points in early trade on global cues    
 
 
MUMBAI: After two sessions of losses, the benchmark BSE Sensex recovered by over 71 points to regain the 26,000-mark in early trade today on emergence of buying by funds and retail investors amid a firming trend in other Asian markets.

 
 
Is the high court order a recognition for the government’s liquor policy?
Yes
 
No
 
Don't know
 
 
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