Amazon to push into Fashion Retail
After setting up its strong presence as a key e-commerce brand in India, Amazon.com Inc. is in arrangement to make an aggressive push into fashion and lifestyle products to take on Flipkart-Myntra, which dominate online sales of apparel, footwear and accessories. As of now, Amazon’s advertiseme..
Rs. 25000 Crore Investment in Power Sector : Piyush Goyal
Where India is still dealing with a massive power shortage problems, Power Minister Piyush Goyal is expecting an investment of Rs. 25000 crore in the coming four to five years. The minister at the World Economic Forum's India Economic Summit 2014 said that renewable energy will be a source for power..
Jaitley promises corruption-free, fair business environment, end of crony capitalism
Finance Minister Arun Jaitley today said that steps taken by the new government are aimed to creating fair and transparent business environment and ending crony capitalism by committing to more reforms and eliminating corruption. He said that the reforms can’t be just one sensational idea and a..
Time now for RBI to cut rates, says Anand Mahindra
Considering the improvement in the economy, Mahindra Group Chairman and managing director Anand Mahindra said the RBI should consider cutting interest rates to enhance growth. Mahindra said, “It might be time for the RBI to think of a rate cut," at the India Economic Summit, “In ..
RIL to sell 49.9 per cent stake in EFS Midstream business
Reliance and Pioneer Natural Resources Co, are looking for a buyer for their stakes in Ford Midstream venture as they focus on shale oil production. RIL is looking to sell its 49.9 per cent stake that owns a 460 miles pipeline network for transportation of shale oil and gas. Whereas Pioneer Na..
Sensex crosses 28000 mark, Nifty creates records at 8363.65
Early trade on Wednesday has brought some good news for the traders as it breaches the 28000 mark and Nifty reaches a new peak of 8,363.65 after a technical glitch caused around 15-minute delay in stock feed updation when the markets opened for trade at 9:15am. The market saw this gain amidst opt..
World Trade Center reopens after 13 years
The skyscraper that got destroyed in the 9th September, 2011 terrorist attack has emerged to a silver skyscraper again and has been open for Business on Monday. It started with a magazine publishing giant ‘Conde Nast’ moving in with their 175 employees into their first day of work the..
US markets to soon have Amul products
Amul Dairy soon to get the ‘Taste of India’ to the US markets. It sure is good news for the Indians and Americans out there. Kaira District Co-operative Milk Producers Union has already started production of three dairy products at its US plant located at Waterloo village in upstate New York. ..
Minimum Support Price for Wheat and Other RABI Crops increased marginally
NEW DELHI: India, the second biggest consumer of wheat in the World saw a pleasant change for farmers on Wednesday, when the Government approved marginal increase in Minimum Support Price (MSP) for wheat by Rs 50 per quintal and other Rabi crops. Last year wheat stood at Rs 1400 per quintal as compa..
Prior To Assembly Elections, Petrol And Diesel Prices To Be Slashed By Rs 2.50
There is an ear to ear grin on common man’s face as the news broke on Thursday. As a result of fall in international brent crude oil price, prices of petrol and diesel are likely to be reduced by Rs 2.50 per litre. Brent crude dropped to a four-year low of USD 82.60 per barrels two weeks ago from ..