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July 31, Thursday 2014 2:54 PM       
       HEADLINES: Aged woman fatally knocked by train                                              No talks held on cabinet reshuffle, says Sudheeran                                              Girl attempts suicide in front of husband                                              Lokayukta stays flat construction in Pattoor                                              Assembly secretary to look into MLA hostel issue, says Speaker                                              Three killed in cloudburst in Tehri district                                              Libyan militants take main military base in Benghazi, ex-deputy PM abducted in Tripoli                                              China to allow 100 million people in cities in new reforms                                              50 more killed as Israel shells Gaza, death toll hits 1,283                                              Anti-graft probe against ex-security czar boosts Xi's image                                              32 killed, several wounded in Xinjiang terror attack                                              Wrestlers steal shooters' thunder                                              India win one more medal after Nigerian lifter fails dope test                                              England take overall lead to 319 at lunch on Day 4                                              Weightlift Mali wins bronze; disappointing day for boxers                                              Kaumudi Facebook
       BUSINESS  
         Amazon to invest $2 bn in India; on track to hit $1 bn sales    
 
 
NEW DELHI: Upping its ante in India's fiercely competitive online shopping space, e-commerce giant Amazon today said it will invest USD 2 billion in the country to grow the business in a market that is dominated by homegrown players like Flipkart and Snapdeal.

 
         Sensex down 61 pts in early trade; L&T plunges 7.98 pc    
 
 
MUMBAI: The benchmark BSE Sensex fell over 61 points in early trade today on selling by funds and retail investors ahead of monthly expiry in the derivatives segment amidst lower-than expected corporate earnings by some firms.

 
         Apple slashes Mac Book Pro price in India by Rs 11,000    
 
 
NEW DELHI: Tech giant Apple today reduced the price of its 13-inch non-Retina MacBook Pro by Rs 11,000 to Rs 78,900. The California-headquartered firm also updated MacBook Pro with Retina display with faster processors, doubled the memory in both its entry-level configurations.

 
         India's app downloads at 9 bn by 2015    
 
 
NEW DELHI: The number of app downloads in India is expected to grow from 1.56 billion per annum in 2012 to 9 billion by 2015, says a new study.

 
         Flipkart raises $1 bn funding; drops plans to go public    
 
 
BANGALORE: India's largest e-Commerce firm Flipkart today said it has raised USD 1 billion (over Rs 6,000 crore) in fresh funding from a group of investors, the largest so far in the fiercely competitive online shopping segment in the country.

 
         Modi meets infra secretaries to set target for current fiscal    
 
 
NEW DELHI: Aiming to spruce up growth, Prime Minister Narendra Modi today met secretaries of nine infrastructure ministries to set targets for 2014-15 and identify key projects in sectors like road, power and railways.

 
         Tremendous mood swing, positivity on Modi govt: Indian CEOs    
 
 
WASHINGTON: After the formation of the Narendra Modi government, there is a tremendous mood swing and positivity in the country, a visiting delegation of Indian CEOs from CII said describing its maiden budget as visionary.

 
         Marginal relief to MFs; new tax rate effective from Jul 10    
 
 
NEW DELHI: In a small relief to the mutual fund industry, Finance Minister Arun Jaitley today announced that the increased tax rate of 20 per cent on debt MFs will not apply on units sold between April 1 and July 10.

 
         Tomato prices skyrocket to Rs 80 per kg in some cities    
 
NEW DELHI: Tomato prices have soared up to Rs 80 per kg in some parts of the country after a substantial drop in supply from key producing states.

 
         Jet Airways appoints new management team    
 
MUMBAI: Jet Airways Friday appointed Raj Sivakumar as its chief commercial officer with immediate effect. Sivakumar will be responsible for the overall development and implementation of sales strategy for driving the airline's market share and maximising revenues. In a similar move, Rajeev Nambiar has joined the airline's management team as vice president - sales (India).

 
         'Indian IT industry faces gender pay gap of 29%'    
 
 
NEW DELHI: The IT industry in India faces a severe gender gap not only in terms of number of women in the payroll but also in terms of remuneration as women employees are getting far less pay than their male counterparts, says a Monster.com report.

 
         'Conflicting signals coming on India's stand on WTO Agreement'    
 
 
WASHINGTON: Stating there were conflicting signals coming from India on the ratification of the World Trade Organisation trade facilitation agreement, a senior trade expert said any blocking of the global trade deal would undermine the confidence of the international trade community in the new Modi Government.

 
         Sensex up 133 points; Nifty regains 7,800-mark    
 
 
MUMBAI: Continuing its rising spree for the seventh straight day, the benchmark BSE Sensex rose over 133 points in early trade on Wednesday as metals, FMCG, capital goods and PSU sector stocks led the rally on sustained capital inflows.

 
         Over Rs 5,840 loss for Indian airline industry in 2012-13:Govt    
 
 
NEW DELHI: The Indian airline industry suffered a total operating loss of over Rs 5,840 crore, including over Rs 3,159 crore of Air India, in 2012-13, Rajya Sabha was informed today.

 
         Need more clarity on REITs' taxation: Parekh    
 
 
MUMBAI: Terming the budget announcement on giving pass through status to REITs (real estate investment trusts) as a "good beginning", HDFC Chairman Deepak Parekh has urged the Finance Ministry to come up with more clarification on taxation front for it to be successful.

 
         Incipient recovery on anvil for India: SBI    
 
 
NEW DELHI: An 'incipient recovery' is round the corner for the Indian economy and it is expected to clock a GDP growth rate of 5.5 per cent in the first quarter of the current fiscal amid signs of improved sentiment on consumer spending and the monsoon, says a report.

 
         Air India resumes Delhi-Moscow flight service after 15 years    
 
 
MUMBAI: After a gap of 15 years, national carrier Air India has resumed air service to Moscow with the launch of non-stop daily New Delhi-Moscow flight on July 18.

 
         Revenue collection expected to exceed target this fiscal: FM    
 
 
NEW DELHI: After missing target in the last financial year, the government today exuded confidence that tax collection during the current fiscal would exceed budget estimate of Rs 13.64 lakh crore.

 
         SAIL,RINL spend Rs 7,000 cr for plants' maintenance in 3 years    
 
 
NEW DELHI: State-owned SAIL and RINL together incurred average expenditure of more than Rs 7,000 crore towards maintenance of different plants in the last three financial years, the government said today.

 
         Sun Pharma-Ranbaxy deal gets BSE, NSE clearance    
 
NEW YORK: The USD 4-billion merger of Ranbaxy Labs with Sun Pharmaceutical has got clearance from the two leading stock exchanges -- BSE and NSE.

 
         Draft Cab note for govt stake dilution in SBI nxt month:Sandhu    
 
 
NEW DELHI: Finance Ministry is likely to prepare draft cabinet note for government stake dilution in State Bank of India in August to enable it to raise capital for meeting Basel III norms.

 
         Forbes publisher sold to Asian investors    
 
 
NEW YORK: The publisher of the US business magazine Forbes said today that a controlling stake in the group had been sold to a Hong Kong-based investment consortium.

 
         Wipro inks $1.1bn IT deal with ATCO;acquires IT arm for $195mn    
 
 
BANGALORE: Wipro has entered into a multi- million dollar dual pact with ATCO through which India's third largest software services company will provide a complete suite of outsourcing solutions to the Canadian firm as well as acquire its IT services arm.

 
         IT shares lift Sensex to nearly two-week highs    
 
MUMBAI: Smart gains in IT stocks helped the benchmark Sensex today wash out early losses and end 80 points up at 25,641.56, nearly two-week highs, on good TCS earnings.

 
         Google's Chief Business Officer Nikesh Arora leaving company    
 
 
NEW YORK: In a surprise move, Google's Chief Business Officer India-born Nikesh Arora, regarded as among the top lieutenants at the Internet search giant, is leaving the company after almost 10 years.

 
         Microsoft to axe 18,000 jobs globally; India impact minimal    
 
 
NEW YORK: In the first major realignment of workforce since India-born Satya Nadella took over as CEO, Microsoft has announced slashing of up to 18,000 jobs worldwide by next year as the software giant attempts to sharpen focus on cloud and mobile offerings.

 
         Sensex closes at over 1-week high; Hindalco logs best gain    
 
MUMBAI: Rising for the third session, the benchmark Sensex today edged higher to end at over one-week closing peak of 25,561.16 supported by gains in shares from metal and power sectors.

 
         Nissan CEO: Japan female bosses goal too ambitious    
 
 
TOKYO: Nissan's chief executive, who has long made a point of promoting women to management positions, said the Japanese prime minister's plan to boost female bosses to 30 per cent by 2020 is too ambitious. The participation of women in Japan's workforce is very low by developed nation standards.

 
         BRICS bank to get going in 2 yrs; India to head for 6 yrs    
 
 
FORTATEZA: India will have the Presidency of the BRICS' USD 100 billion New Development Bank for six years with headquarters in China that will become operational in about two years, a major step for reshaping the international financial system dominated by the West.

 
         Tata Comm to invest $200 mn to double data centres in India    
 
 
NEW DELHI: Global Internet solutions provider Tata Communications today said that it has plans to invest USD 200 million over a period of three years to double its data centre capacity in India.

 
 
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