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       BUSINESS  
         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.

 
         Sensex tanks 350 points; consumer durable stocks down    
 
 
MUMBAI: A benchmark index of Indian equities markets Thursday provisionally closed the day's trade 350 points or 1.33 percent down, as consumer durables, automobile, capital goods, metal and banks stocks plunged

 
         India fastest growing eCom mkt in APAC; to touch $6 bn by 2015    
 
NEW DELHI: India is the fastest growing eCommerce market in the Asia-Pacific region and is expected to touch USD 6 billion (about Rs 3.7 lakh crore) by next year, research firm Gartner said today. "Digital commerce is at a nascent stage in India. However, India is one of the fastest-growing eCommerce markets in Asia/Pacific," Gartner Research Director Praveen Sengar said in a statement.

 
         Gold imports jump about 5-times in Sep on global price slide    
 
 
MUMBAI: Gold imports are estimated to have jumped about five-times to around 95 tonnes in September, helped by spurt in demand in festival season and falling global prices, an industry expert said today.

 
         IndiGo to acquire 250 Airbus A-320 neos    
 
 
NEW DELHI: In the largest global aircraft order, no-frill carrier IndiGo today signed a MoU to acquire 250 of the latest Airbus A-320 neo aircraft worth over USD 25.5 billion or Rs 1.55 lakh crore, as per the list price per aircraft.

 
         Ashok Leyland to make electric buses in India    
 
 
CHENNAI: After the successful run in the UK, Hinduja Group flagship company Ashok Leyland will introduce an electric version of Optare buses in India early next year and plans to make them here, a top official said today.

 
         Inflation drops to 5-year low of 2.38 pc in September    
 
 
NEW DELHI: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflation to a five year low of 2.38 per cent. The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013.

 
         DLF shares tank 25% on Sebi's 3-year ban order    
 
 
MUMBAI: Share price of realty giant DLF today tanked by nearly 25 per cent -- probably its biggest one-day fall -- on the back of Sebi imposing a three-year ban on the company and its top executives from securities markets.

 
         Tata Motors bags orders for 928 buses under JnNURM scheme    
 
 
BANGALORE: Tata Motors today said it has received another order to supply 928 Tata Marcopolo built buses to the State Transport Authorities in South India.

 
         Enforcement Directorate to probe Flipkart's massive discount sale    
 
 
NEW DELHI: Flipkart's massive discount sale last week is reportedly being scrutinized by the Enforcement Directorate following complaints from traders against the online retail giant.

 
         Future Group, Amazon enter into strategic partnership    
 
 
NEW DELHI: Kishore Biyani-led Future Group and global retail giant Amazon today entered into a strategic partnership to build on synergies of experience in online and offline businesses.

 
         Domestic car sales decline 1% in September    
 
 
NEW DELHI: Car sales in India declined 1.03 per cent in September, after posting four months of consecutive growth, as customers postponed purchases during the month on account of festival season beginning in October.

 
         SEBI bars DLF, six top executives from capital markets for three years    
 
 
MUMBAI: Market regulator Securities and Exchange Board of India or SEBI on Monday barred property developer DLF Ltd and some of its executives from accessing capital markets for three years, citing non-disclosure violations related to its 2007 initial public offering.

 
         Foreign investors take flight following negative global cues    
 
 
MUMBAI: Foreign Portfolio Investors (FPIs) became net sellers in the Indian equities market for the second consecutive week, following negative global and slow domestic reforms which dented sentiments.

 
         Reliance looking to sell US shale gas interest    
 
 
NEW YORK: Reliance Industries is looking to sell its 45 per cent stake in the Eagle Ford basin shale oil and gas venture in the US for an estimated USD 4.5 billion.

 
         RIL to invest $16 billion in petchem expansion    
 
 
NEW DELHI: Reliance Industries will invest about USD 16 billion in expanding petrochemical production capacity and lower feed and fuel costs to boost profits. RIL, according to a report by Barclays Equity Research, is investing USD 4.6 billion in an integrated gasification combined cycle (IGCC) project that will convert captive petrocoke to synthetic gas (syngas) which can be used to generate power, steam and hydrogen, which currently are being produced using expensive imported LNG.

 
         Court rules favouring Vodafone in transfer pricing case    
 
 
MUMBAI: The Bombay High Court Friday ruled that British telecom major Vodafone need not pay taxes of around Rs.3,200 crore in a transfer pricing case.

 
         Sensex plunges 340 pts on global cues; Infosys climbs 6.68%    
 
 
MUMBAI: The BSE benchmark Sensex today fell nearly 340 points, its biggest fall in over two weeks, due to across-the-board losses in bluechips amid a global sell-off on economic growth concerns, although software firm Infosys Ltd surged 6.68 per cent on smart Q2 earnings.

 
         Exponential growth potential for Facebook in India: Zuckerberg    
 
 
NEW DELHI: Seeing exponential growth potential for Facebook in India, its co-founder Mark Zuckerberg today said he will discuss with Prime Minister Narendra Modi ways to connect villages with the digital world.

 
         Ericsson bags 4G network deal from Bharti Airtel    
 
 
NEW DELHI: Swedish telecom gear firm Ericsson today said it has signed a LTE or 4G network deal with country's largest mobile operator Bharti Airtel. The company, however, refused to share more information on the deal including the financial and circle details.

 
         Nokia employees' Union mulling legal action    
 
 
CHENNAI: A day after Nokia announced its decision to suspend operations at its facility in Sriperumbudur near here, the employees' Union is looking at "legal options".

 
         Law provides well drafted structure for CSR: Nirmala    
 
 
NEW DELHI: The structure for social welfare spending under the new companies law is "absolutely well drafted" allowing corporates to spend money towards CSR activities without any ambiguity, government said today.

 
         Sensex down 25 pts in choppy trade; Infosys plunges 4.70 pc    
 
 
MUMBAI: In choppy trade, the BSE Sensex today ended over 25 points lower with IT stocks led by Infosys recording losses, but oil & gas, PSU, metal and banking shares rose, avoiding a steeper fall in the benchmark index.

 
 
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