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Snapdeal eyes $1 bn sales by FY'15

Friday, 10 Jan 2014 | Priyanka Dua | New delhi

Buoyed by boom in the segment, country's largest e-commerce market place Snapdeal is expecting $1 billion sales in next the fiscal. "We have seen a huge growth in the last a few months. Customers are now more confident while making purchases online. By March 2015, we are looking at sales of...

OilMin mulls partial cut in bulk diesel prices, to seek Cabinet nod for Parikh panel report

Friday, 10 Jan 2014 | PNS | New Delhi

With demand for diesel sold for bulk users having dipped, the Government has indicated that it is considering partial rollback of its market price and also plans to seek Cabinet approval soon for the Kirit Parikh Committee report - which had suggested reduction in subsidy burden of upstream companies. This was...

Virender Uppal takes charge as AEPC Chairman

Friday, 10 Jan 2014 | PNS | New Delhi

Virender Uppal on Thursday took charge as the Chairman of Apparel Export Promotion Council (AEPC), the official body of apparel exporters in India.Uppal has been appointed for a term of two years, 2014 and 2015. This will be his second tenure as AEPC Chairman, Prior to this he was...

ECL Finance to raise up to Rs 500 crore via NCDs

Friday, 10 Jan 2014 | ANCHAL kakroo | New Delhi

ECL Finance, non banking financial company (NBFC) arm of Edelweiss Financial Services on Thursday announced secured redeemable non- convertible debentures (NCD). The NCDs are being priced at Rs 1,000 each and through the issue and through the public issue, the company plans to raise up to Rs 500 crore, Rs...

Create infrastructure to boost manufacturing: Montek

Friday, 10 Jan 2014 | PNS | New Delhi

Country has not done well in manufacturing and it needs to create infrastructure for boosting industrial growth, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Thursday. "We have not done very well in manufacturing, that is a valid point. We need to do a better job in the manufacturing sector....

IOC stake sale decision deferred after Oil Ministry opposition

Friday, 10 Jan 2014 | PNS | New Delhi

A group of ministers headed by Finance Minister P Chidambaram today deferred a decision on disinvestment in Indian Oil Corp (IOC) following strong opposition to the stake sale by the Oil Ministry. "It has been deferred," Oil Minister M Veerappa Moily told reporters after the meeting of the Empowered Group of...

Despite early chill, 2014 to be hot year for equities: Deutsche

Friday, 10 Jan 2014 | PTI | Mumbai

Notwithstanding the stock market in 2014 logging one of the worst New Year starts since 1996, the year heralds the beginning of a bull cycle in India and the Sensex may scale the 24,000 peak by December, Deutsche Equities said on Thursday. The Sensex has shed over 450 points in 2014...

Bakshi decides on arbitrator for dispute with McDonald’s

Thursday, 09 Jan 2014 | PTI | New Delhi

The estranged Indian partner of US food major McDonald’s, Vikram Bakshi, has decided on his arbitrator for settling the dispute at the London Court of International Arbitration (LCIA). According to sources, Bakshi has nominated former Delhi High Court judge, Justice J K Mehra to represent his side in the arbitral panel. In...

Sensex posts first gain of 2014

Thursday, 09 Jan 2014 | PNS | New Delhi

Rising for the first time in 2014, Sensex gained 36.14 points 20,729.38. The broader index Nifty also gained 12.35 points to 6,174.60 and analysts added that the markets gained on back of fresh buying from FIIs and short covering by domestic institutional investors (DII). Apart from that, a strong appreciation...

Still indecisive on HZL, Govt says Balco stake sale possible

Thursday, 09 Jan 2014 | Animesh Singh | New Delhi

Despite staring at the inevitability of achieving the Rs 40,000 crore disinvestment target which it had set for the current fiscal, the Government continues with its flip flop on the issue of its residual stake sale in Hindustan Zinc Ltd (HZL) and Balco, with the Mines Ministry after having taken...


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‘Ban entry into Puri temple Garvagriha’

17 Dec 2017 | PNS | BHUBANESWAR

The State Government has recommended to the Shree Jagannath Temple Administration (SJTA) to stop entry of devotees into the sanctum sanctorum (Garvagriha) of the shrine. In a letter to the SJTA, the Government has asked for restrictions on darshan of the deities by devotees, including VIPs...

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State of World Children Report 2017 released in Bhopal

19 Dec 2017 | Staff Reporter | Bhopal

The State of World Children 2017 Report was released here on Monday in Madhya Pradesh in the presence of children and young people at a Children Carnival in Bhopal on Monday. Around 150 children and young people from Bhopal, Itarsi and Harda participated...

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