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November 27, Thursday 2014 6:47 AM       
       HEADLINES: Gold seized in Nedumbassery                                              Culling of ducks begins in Alappuzha and Kottayam                                              Woman commits suicide                                              Jewellery owner collapses, dies                                              Avian flu: Two crores sanctioned, compensation hiked                                              SC upholds death penalty of man for raping, killing 4 yr-old                                              When Sharif walks for speech, Modi reads newspaper                                              FC Goa crush Kerala Blasters 3-0                                              Kaumudi Facebook
       BUSINESS  
         Bear cartel suspected behind P-Notes bogey; trades under lens    
 
 
MUMBAI: A bear cartel is suspected to have been creating a bogey about regulatory clampdown against P-Notes with an aim to pull down the stock markets to make illicit gains, sources said today.

 
         India '2nd most loved mkt' in Asia with $1.4 bn FII flow: HSBC    
 
 
NEW DELHI: Foreign institutional investors warmed up to Asian equities in November as the region recorded net inflows of USD 5.3 billion, out of which India attracted USD 1.4 billion, says a report by HSBC.

 
         China's AliBaba to invest more in India    
 
 
NEW DELHI: Chinese e-commerce giant AliBaba's founder and executive chairman Jack Ma Wednesday said he wanted to invest more in India.

 
         Banks collect Rs 6,000 cr in deposits from PMJDY accounts    
 
 
NEW DELHI: Banks have collected over Rs 6,000 crore by opening 7.9 crore accounts under the Pradhan Mantri Jan Dhan Yojana, said a senior Finance Ministry official.

 
         Sensex, Nifty touch new high, but close in red    
 
 
MUMBAI: A day after a benchmark index of Indian equities markets touched a new record, the barometer provisionally slipped by 162 points or 0.57 percent in Tuesday's trade.

 
         Markets at new highs on capital inflows, global cues    
 
 
MUMBAI: Continuing their record-setting spree, the benchmark BSE Sensex closed at a new high of 28,499.54 and the NSE Nifty ended above the record 8,500-mark for the first time on sustained funds inflows in anticipation of more reforms during the winter session of Parliament.

 
         Over dozen cos apply for public offers in FY'15    
 
 
NEW DELHI: Looking to tap into the upbeat investor sentiment, over a dozen companies including Videocon D2H and Rashtriya Ispat Nigam Ltd have filed initial papers with market regulator Sebi for getting listed in the current fiscal.

 
         Adani Power buys Avantha's 600 MW plant for Rs 4,200 crore    
 
MUMBAI: Striking another major deal in less than four months, Adani Power today entered into a binding agreement with Gautam Thapar-led Avantha Group to buy out its 600 MW Korba West unit for more than Rs 4,200 crore.

 
         India's strong leadership led to ending WTO impasse: Sitharaman    
 
 
NEW DELHI: India's strong leadership and negotiating from a position of strength on the food security issue paved the way for ending the impasse at the World Trade Organisation (WTO), Commerce Minister Nirmala Sitharaman said Friday.

 
         Sensex, Nifty reach new peaks; banking, CG stocks lead rally    
 
 
MUMBAI: Extending gains for fifth straight week, stock specific actions sparked by a smart rally in banking and capital goods sector lifted both benchmark indices, Sensex and Nifty, by over one per cent to conclude the week at new record highs.

 
         GMR claims $803 mn for termination of Male Airport contract    
 
 
HYDERABAD: GMR Male' International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed USD 803 million (around Rs 4,987 crore) from the Maldivian government for 'wrongfully' terminating the international airport contract in that country's capital.

 
         Future group acquires supermarket chain Nilgiris    
 
 
NEW DELHI: Future Consumer Enterprise Ltd, part of Kishore Biyani's Future Group, today announced the acquisition of south India-based supermarket chain Nilgiris for an undisclosed sum.

 
         CAG seeks D6 audit for 2012-13, RIL agrees for 2013-14 too    
 
 
NEW DELHI: The Comptroller and Auditor General of India (CAG) has sought an audit of Reliance Industries' spending on eastern offshore KG-D6 block in 2012-13, a request the company responded by asking the auditor to scrutinise records of not just that year but also 2013-14.

 
         Tech Mahindra acquires US-based LCC for $240 mn    
 
Tech Mahindra Ltd., India's fifth largest software services exporter, has announced that it has signed an agreement to acquire US-based Lightbridge Communications Corporation (LCC) for $240 million.

 
         Under Satya Nadella Microsoft emerges as world's 2nd top firm    
 
 
WASHINGTON: Under the leadership of its new Indian-American CEO Satya Nadella, Microsoft has overtaken oil giant Exxon Mobil to become the world's second most valuable company after iPhone maker Apple Inc.

 
         ICICI Bank Ltd to pay around Rs 60K for raising false charges    
 
 
NEW DELHI: A consumer forum here has directed ICICI Bank Ltd to pay nearly Rs 60,000 to its customer for deficiently "raising false charges again" for a fraudulent purchase made by someone else on his credit card.

 
         Infosys names new CEO, CFO for BPO arm    
 
 
BENGALURU: Global software major Infosys Ltd. has appointed Anup Uppadhayay the new chief executive officer (CEO) and Deepak Bhalla the new chief financial officer (CFO) of its (business processing outsourcing (BPO) subsidiary.

 
         Shibulal, Gopalkrishnan launch biz incubator Axilor Ventures    
 
 
BENGALURU: Infosys' co-founders, S D Shibulal and S Gopalkrishnan, today launched Axilor Ventures, a business incubator and platform for supporting innovation and entrepreneurship.

 
         Retailers hobble online as e-commerce firms race ahead    
 
 
REUTERS: The head of Future Group, one of India's largest and most established retailers, admits he can't keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online.

 
         India may provide $1 billion loan for Adani Australia coal mine    
 
 
MELBOURNE: Adani Enterprises(ADEL.NS) won support on Monday from the State Bank of India (SBI) and an Australian state to help it build a $7 billion coal mine, defying a slump in coal prices to 5-1/2 year lows that has stalled rival projects.

 
         Seasonal decline in hiring activity in Oct: Naukri.com    
 
 
NEW DELHI: Hiring activity saw a decline of 18 per cent during October and job sentiment was lacklustre across all key sectors, a report says.

 
         Oil prices likely to fall further: IEA    
 
 
PARIS: The International Energy Agency (IEA) is maintaining its forecast of a weak increase in global oil demand this year, pointing out that the demand might increase slightly in 2015.

 
         Gold posts biggest single-day gain this year, surges by Rs 715    
 
 
NEW DELHI: Clocking the biggest single-day gain this year, gold prices today soared by Rs 715 to Rs 26,850 per ten grams in the national capital on pick up in wedding season demand coupled with strong global cues.

 
         Nadella effect: Microsoft surpasses Exxon, becomes world's second most valuable company    
 
 
SAN FRANCISCO: The bull run in Microsoft's stock this past year has helped the tech giant surpass Exxon Mobil and seize the rank of the second most valuable company, behind Apple Inc. Under new CEO Satya Nadella, Microsoft has worked to overcome its reputation as a clumsy behemoth struggling to keep up with new tech trends and consumer habits. Nadella has cut expenses — and jobs — while pledging to refocus the company on mobile technology and cloud computing. His efforts have fueled a stock

 
         Inflation drops to 5-year low of 1.77 pc in October    
 
 
NEW DELHI: Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77 per cent in October. The Wholesale Price Index (WPI) based inflation was at 2.38 per cent in September and 7.24 per cent in October 2013.

 
         India's GDP to grow at 6.3 per cent in 2015: Morgan Stanley    
 
 
SINGAPORE: India would have the fastest economic expansion among Asian countries and its gross domestic product is expected to grow by 6.3 per cent in 2015, according to Morgan Stanley forecasts of global economies.

 
         Sensex closes 106 points up, metal stocks gain    
 
 
MUMBAI: A benchmark index of Indian equities markets Friday closed trade 106.02 points or 0.38 percent up as the metal sector gained. Good buying was observed in metal, banking, auto, oil and gs and capital goods sectors, while selling pressure was seen in healthcare sector.

 
         Global gold demand near 5-year low in Q3, India overtakes China - WGC    
 
 
Global gold demand fell to its lowest in nearly five years in the third quarter as Chinese buying slid by a third, the World Gold Council said on Thursday, putting it back behind India as the world's biggest gold consumer.

 
         India agrees with U.S. on food stockpiling, clears way for WTO deal    
 
NEW DELHI: Paving the way for implementation of trade facilitation pacts at WTO, India and US have resolved an impasse over food security related issues while safeguarding interest of Indian farmers.

 
         Microsoft drops Nokia brand from Lumia phone;eyes low-cost mkt    
 
 
NEW YORK: Eyeing emerging markets for its affordable smartphones, Microsoft today launched its first Lumia device without the iconic brand name of Nokia, acquired by the global technology giant for USD 7.2 billion.

 
 
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