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October 24, Friday 2014 1:23 AM       
       HEADLINES: Man held with Rs 50 lakhs pipe money                                              Endosulfan: Baby dies in Kasargod                                              SAT hospital roof crumbles down; one injured                                              Political aim behind liquor ban, says Pinarayi                                              Accused gets lifer in Shafna murder case                                              Seven killed after cracker shop catches fire                                              Seven colleges damaged in Cyclone Hudhud                                              I am happy in Delhi, says Gadkari after Fadnavis meets him                                              Russian molested on Goa beach - and then by doctor                                              Canada PM terms shooting rampage as 'terrorism'                                              Missing Indian found after 40 years in Dubai                                              Saudi jails 4 women for preparing sons to wage jihad                                              Pakistan says India constructing bunkers close to border                                              World Cup 2015 organisers look for 1,500 net bowlers                                              Confident Mumbai to take on North East United tomorrow                                              Srikanth, Kashyap, Saina rise in world rankings                                              Kaumudi Facebook
       BUSINESS  
         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.

 
         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.

 
 
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