OBC net plummets 29% at Rs 257.84 crore

Last Updated: Thursday, July 30, 2015, 12:59

The bank reported a net profit of Rs 364.54 crore in the corresponding period of the previous fiscal, OBC said in a BSE filing on Thursday.

Snapdeal appoints Amit Maheshwari as Exclusively.Com's CEO

Last Updated: Tuesday, July 28, 2015, 19:10

Maheshwari was most recently serving as Senior VP (Fashion) at Snapdeal.

Snapdeal's big electronics sale on July 27-28

Last Updated: Saturday, July 25, 2015, 20:27

Following its competitors Flipkart and Amazon, e-commerce portal Snapdeal on Saturday announced electronics sale on July 27 and 28, offering up to 70 percent discount.

OBC cuts short-term deposit rates on select maturities

Last Updated: Saturday, July 25, 2015, 15:39

Oriental Bank of Commerce (OBC) has reduced interest on term deposits by 25 basis points on select maturities with effect from July 27.

Wal-Mart buys out China e-commerce firm Yihaodian in online push

Last Updated: Thursday, July 23, 2015, 15:18

Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday.

Rocket Internet says portfolio value up 47% from IPO

Last Updated: Wednesday, July 22, 2015, 14:56

Rocket`s LPV totalled 4.85 billion euros at June 30, up from 2.6 billion on Oct. 2, 2014, according to company documents.

PayPal keen to expand business in India

Last Updated: Tuesday, July 21, 2015, 22:42

After its separation from e-commerce major eBay, digital payments company PayPal Tuesday said it is now free to partner with its founder's competitors and is keen to expand in India.

Don't want fly by night operators in bank, defence: Nirmala Sitharaman

Last Updated: Monday, July 20, 2015, 15:26

The government on Tuesday said FII investment limit in the banking and defence sector has been retained at the existing level to prevent 'fly by night operators' from disrupting the sensitive segments.

Dip in exports: Govt sets up council for trade promotion

Last Updated: Sunday, July 19, 2015, 11:15

The Union Commerce and Industry Minister will be the chairperson of 'Council for Trade Development and Promotion', while trade/commerce ministers in states and Union Territories will be the members.

Yahoo spinning off Alibaba stake to `Aabaco Holdings`

Last Updated: Saturday, July 18, 2015, 09:50

Yahoo on Friday formally notified US regulators that it is spinning off its stake in Chinese e-commerce giant Alibaba to an independent new company called Aabaco Holdings.

Land bill will give much more to farmers: Sitharaman

Last Updated: Friday, July 17, 2015, 14:37

Ahead of the Parliament session, Commerce Minister Nirmala Sitharaman on Friday pushed for early passage of the Land Bill which is stuck due to opposition from various parties, insisting that the proposed legislation would give the farmers "much more" than the previous Act of 2013.

EBay sells enterprise unit ahead of PayPal split

Last Updated: Friday, July 17, 2015, 09:58

E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc .