Govt mulling interest rate sops to leather industry

Last Updated: Sunday, August 16, 2015, 11:20

The Commerce Ministry has circulated a draft note on providing benefits of interest subvention scheme to exporters and the Cabinet is expected to take a decision on the sops by the end of this month, an official said.

Oriental Bank of Commerce cuts lending rate by 0.1%

Last Updated: Friday, August 14, 2015, 15:52

The bank has reduced base rate to 9.90 percent from 10 percent.

Resale price pacts in online retail space under probe: CCI

Last Updated: Wednesday, August 12, 2015, 18:02

Keeping a close watch on the growing e-commerce market, fair trade regulator CCI is probing whether certain resale price arrangements between manufacturers and e-retailers violate competition norms.

E-commerce in Middle East to reach $4.9 billion in 2015

Last Updated: Tuesday, August 11, 2015, 16:08

The rapidly evolving e-commerce in the Middle East has grown tremendously over the last decade and its value is expected to reach USD 4.9 billion this year.

Groupon India being rebranded as 'nearbuy'

Last Updated: Monday, August 10, 2015, 19:25

Sequoia Capital, a venture capital firm specialised in start-up investments, is helping Groupon India split from its Chicago-headquartered parent firm Groupon.

Flipkart sells 150 mn products online till August

Last Updated: Monday, August 10, 2015, 14:34

Leading e-retail major Flipkart on Monday said it has sold 150 million products till date this calendar year, registering a whopping 150 percent growth over last year.

Govt trying to talk to countries on sugar exports: Sitharaman

Last Updated: Sunday, August 9, 2015, 18:47

"We just started working on it. Because quantum of sugar is annually getting accumulated. In the last four years it (the accumulation of sugar) has been quite substantial," she told reporters here.

Commerce Ministry moves Cabinet note on interest subvention scheme

Last Updated: Sunday, August 9, 2015, 10:53

To give a fillip to exports, the Commerce Ministry has moved a Cabinet note on a proposal to provide cheaper credit access to exporters from various sectors under the interest subvention scheme.

China says Silk Road trade touches $485 billion

Last Updated: Thursday, August 6, 2015, 19:32

The import value from those countries was USD 189.6 billion, accounting for 23.4 per cent of its total import.

Amazon India opens third customer service facility in Pune

Last Updated: Thursday, August 6, 2015, 14:27

The facility will support Amazon.In and Amazon.Com with pre- and post-order customer service through various mediums like e-mail, chat, phone and social media, Amazon said in a statement.

Snapdeal launches new website Findmystyle.In

Last Updated: Wednesday, August 5, 2015, 21:58

E-marketplace major Snapdeal will spend USD 100 million (Rs 640 crore) in the next three years on research and development as it looks to bring solutions to enrich online shopping experience as the competition hots up in the booming e-commerce industry in India.

No proposal to enact separate law to regulate e-commerce: Govt

Last Updated: Tuesday, August 4, 2015, 15:51

Some instances of irregularity in the functioning of e-commerce have come to the government's notice, but there is no proposal to enact a separate law to regulate this emerging area, Parliament was informed on Tuesday.