E-commerce rakes up $2.68 tn in China despite slowdown

Last Updated: Monday, August 3, 2015, 15:16

China's e-commerce trade soared in 2014 thanks to improved Internet infrastructure and an increase in cellphone users, state-run Xinhua news agency reported.

Internet, e-commerce boosting Chinese farmers incomes

Last Updated: Sunday, August 2, 2015, 15:57

Internet aided by e-commerce is boosting income of Chinese farmers and helping in turning the backward agricultural sector into a lucrative modern industry.

Indiamart aims to facilitate biz worth Rs 30,000 cr in FY16

Last Updated: Sunday, August 2, 2015, 15:37

Online marketplace Indiamart expects value of deals facilitated through its platform to grow by about 33 percent to Rs 30,000 crore for its SME partners by the end of 2015-16.

'Start-ups to add at least a dozen billionaires in India'

Last Updated: Sunday, August 2, 2015, 13:51

India is likely to produce at least a dozen more billionaires and several new millionaires by 2020 as the country's start-ups scene hots up, fuelled by sectors like e-commerce, financial services and other technology-driven fields, an Assocham study has projected.

Commerce Minister working on internal processes to ratify WTO's TFA

Last Updated: Friday, July 31, 2015, 20:50

The government is working on internal processes to ratify WTO's trade facilitation agreement (TFA), which looks to ease Customs procedures to boost trade, a senior commerce ministry official on Friday said.

Snapdeal launches 'Instant' to speed up delivery

Last Updated: Friday, July 31, 2015, 19:07

eCommerce firm Snapdeal has rolled out a new service 'Snapdeal Instant' to allow delivery of packages to customers as early as within an hour of placing the order.

Ranking states on ease of doing biz: DIPP gets 25 responses

Last Updated: Friday, July 31, 2015, 16:30

The DIPP has received response from 25 states and union territories including Uttar Pradesh, Madhya Pradesh, Tamil Nadu, Odisha, Maharashtra, Karnataka, and Rajasthan.

US economy rebounds at mild pace in Q2

Last Updated: Friday, July 31, 2015, 11:19

The US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.

US economy grew 2.3% in second quarter

Last Updated: Thursday, July 30, 2015, 18:51

The US economy picked up sharply in the second quarter, boosted by increased consumer spending and exports after a tepid first quarter, the Commerce Department reported Thursday.

Flipkart launches 'India Art House' for handicraft lovers

Last Updated: Thursday, July 30, 2015, 15:47

Ecommerce major Flipkart on Thursday launched India Art House, an exclusive online store offering sellers a platform to promote regional products.

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.

Alibaba Group to invest $1.0 bn in cloud computing

Last Updated: Wednesday, July 29, 2015, 15:41

Chinese e-commerce giant Alibaba will invest $1.0 billion in its cloud computing arm to expand its international presence, the company said Wednesday, as it looks outside its core business and beyond traditional markets.