Commerce

  • Commerce Ministry seeks EC approval for railway FDI proposal 13-03-2014 07:08 PM

    The Ministry of Commerce and Industry has sought approval of the Election Commission of India to move ahead with its proposal to liberalise the overseas investment policy in railways. The Cabinet can take a decision on the matter only after the Election Commission's approval. "As the model of conduct is...
  • Flipkart, Snapdeal not our authorised resellers, says Lenovo 20-02-2014 12:53 AM

    New Delhi: Chinese smartphone and PC maker Lenovo has issued an advisory cautioning consumers when buying its products from e-commerce companies like Snapdeal, Flipkart and Amazon.in as they are not its authorised resellers. "What we have noticed in the past few months is that some of these sites, and largely...
  • Businessman dragged out of house, shot dead by suspected PLFI activists 10-02-2014 08:56 AM

    Suspected activists of the ultra outfit PLFI shot dead a businessman in Pidihatu village under Murhu police station area in the Naxal-affected Khunti district, a senior police officer on Sunday said. Laced with fire-arms, the ultras arrived in the village in search of Sohrai Sawansi on Saturday night and dragged...
  • Farmers affected by import of poppy seeds from Turkey 24-01-2014 01:39 PM

    Unable to get a good price for their cultivation of poppy seeds because of its import from Turkey, the farmers of Malwa and Mewar region have taken up the issue with higher-ups seeking help to end their woes. Poppy seeds, popularly known as 'khus-khus', are primarily used for value addition...
  • Special package extended for Himachal, Uttarakhand: Anand Sharma 15-01-2014 07:58 PM

    The Centre on Wednesday extended the special package for Himachal Pradesh and Uttarakhand till March 2017, a move that will help accelerate industrial growth of both the hilly states. The Cabinet extended the special package for the states of Himachal and Uttarakhand, which has two components - the capital investment...
  • Muzaffarnagar riots: Commerce and Industry Ministry to distribute blankets in relief camps 01-01-2014 03:15 PM

    The Commerce and Industry Ministry has directed its public sector units to distribute blankets inthe northern region of the country, including in the riot relief camps of Muzaffarnagar, which are reeling under severe cold. "5,000 blankets are being sent to the riot relief camps of Muzaffarnagar," Commerce and Industry Minister...
  • India's e-commerce market rose 88 per cent in 2013: Survey 30-12-2013 06:17 PM

    New Delhi: India's e-commerce market grew at a staggering 88 per cent in 2013 to USD 16 billion, riding on booming online retail trends and defying slower economic growth and spiralling inflation, according to a survey by industry body Assocham. "The increasing Internet penetration and availability of more payment options...
  • India, Pakistan set to hold commerce secretary level talks 26-12-2013 10:50 PM

    New Delhi: After the meeting of the India and Pakistan director generals of military operations after 14 years, the commerce secretaries of both countries are set to meet next month - in another major step towards normalization of relations between the two neighbours. Pakistan has proposed two sets of dates...
  • Industry bodies urge govt to provide land for airport 18-11-2013 10:32 PM

    Two local industry bodies have requested the Jharkhand Government to provide land to Tata Steel for building an airport in Jamshedpur. In a joint meeting in Jamshedpur on Sunday, the Singhbhum Chamber of Commerce and Industry and the Adityapur Small Industries Association expressed anguish over the delay in providing the...
  • Anand Sharma to lay foundation stone for spice park at Sahaspur 04-11-2013 11:39 PM

    Union Commerce and Industry Minister Anand Sharma will lay the foundation stone of a spice park at Sahaspur near Dehradun on November 18. This will be the second spice park in Uttarakhand whose foundation stone will be laid by the Union Minister, an official release said in Dehradun on Monday....
  • SCCI observes fast demanding repair of NH-33 near Pardih Kali Mandir 20-10-2013 06:49 PM

    Jamshedpur: Singhbhum Chamber of Commerce and Industry (SCCI) and several other industrial and trade organisations on Sunday observed a day-long fast and staged dharna near Pardih Kali Mandir, on National Highway 33 in support of their demand for immediate action to improve the pitiable condition of the NH-33. Led by...
  • Time for alternative economic policies: Rajnath Singh 30-09-2013 04:57 PM

    Blaming the Congress-led United Progressive Alliance (UPA) government for the country's economic crisis, BJP president Rajnath Singh on Monday said the Prime Minister was "not a realist" and called for an alternative economic model. Holding the UPA's "wrong economic policies, faulty planning and corruption" responsible for the "economic turmoil", Bharatiya...
  • Pay Commission is right of employees, says Anand Sharma 25-09-2013 07:11 PM

    Commerce Minister Anand Sharma on Wednesday said the Pay Commission is the right of the employees and the next government will definitely have funds to implement its recommendations. "It is the right of the employees to have Pay Commission when the recommendations come, the government will be able to implement...
  • Pranab expresses concern over slow growth, says no reason to worry 14-09-2013 11:13 PM

    Kolkata:Expressing concern over the slow growth of the Indian economy, President Pranab Mukherjee Saturday called for corrective measures, but said there was no room for despondency as the fundamentals were strong. "All of us are concerned about the slow growth of the GDP (Gross Domestic Product) in 2011-12 and 2012-13....
  • India most optimistic on hiring plans for October-December quarter: Survey 11-09-2013 09:01 AM

    India has emerged as the most optimistic nation in terms of hiring plans for the next three months following a dramatic turnaround in employer confidence after four consecutive quarters of relatively lackluster forecasts. According to the Manpower Employment Outlook Survey released on Tuesday by ManpowerGroup, the hiring pace for the...
  • India's trade deficit narrows to $10.9 billion 10-09-2013 05:23 PM

    New Delhi:India's trade deficit narrowed to $10.9 billion in August from $12.27 billion in the previous month on the back of higher exports and lower imports, government data showed on Tuesday. Exports jumped by 12.97 percent to $26.13 billion in August. This is the second straight month of a healthy...
  • Himachal, Uttarakhand get extension on capital investment subsidy 08-09-2013 08:05 PM

    Shimla:Union Commerce Minister Anand Sharma on Sunday announced that the capital investment subsidy on plant and machinery for Himachal Pradesh and Uttarakhand would be extended by four years to accelerate the industrial growth of the hill states. "The capital investment subsidy has been extended till March 31, 2017 in Himachal...
  • India working on formulating guideline on e-commerce 31-08-2013 04:21 PM

    New Delhi: India is mulling formulating a comprehensive guideline to deal with e-commerce, a concept fast catching up in the country. The Consumer Affairs Ministry has already started working on this and has sought suggestions from other ministries that include Finance and IT to carry the plan forward. "No international...
  • Using gold reserves was just a suggestion, clarifies Anand Sharma 29-08-2013 11:43 PM

    Clarifying his stand on the use of gold reserves to control the fiscal deficit said that it is not the government's decision but was just his suggestion. He added that despite the volatility in the economy there is no need for panic noting that the macro fundamentals of the country...
  • Kishtwar violence: Minority business community threatens to move out 13-08-2013 10:24 PM

    Kishtwar: Members of the minority business community in Kishtwar have threatened to move out of the area unless the state government took steps to provide security and pay compensation to them following the communal clashes which broke out in the town on Eid. "We want security and licenced weapons. The...
  • News briefs: Lucknow University increases arts, commerce seats for UG courses 09-08-2013 11:08 PM

    The Lucknow University has increased the undergraduate seats in arts and commerce streams in degree colleges from 60 to 80 per classroom. However, no seats have been increased in the BSc seats. Another decision was taken by LU to discontinue some of its self finance PG courses if there are...
  • News briefs: Government to motivate colleges for NAAC accreditation in Muzaffarpur 08-08-2013 11:27 PM

    The heads of postgraduate departments and principals of constituent colleges of Bhimrao Ambedkar Bihar University (BRAU) have been asked to submit letter of intent for the National Assessment and Accreditation Council (NAAC) evaluation. The government has asked the principal ofRamdayalu Singh College, a constituent unit of the university, to motivate...
  • Flipkart raises $200 million through private equity 11-07-2013 07:17 AM

    Mumbai: Flipkart has raised $200 million from a clutch of private equity funds, the company said on Wednesday, in what could be the single largest investment in an e-commerce company in the country. The money was raised from South African technology group Naspers Ltd and private equity funds Tiger Global...
  • Two-day 'Light India International' fair in September 08-07-2013 04:27 AM

    Chennai: Backed by Union Commerce and Industries Ministry and Indian Trade Promotion Organisation, the Indian Society of Lighting Engineers would conduct the largest international light fair here in September this year. 'Light India International 2013', representing the USD 2.4 billion domestic lighting industry, would be held between September 13 and...
  • Some DU teachers support four-year undergraduate programme 02-07-2013 03:22 PM

    The four-year undergraduate programme of Delhi University, which has been referred to as a step to help students improve their entrepreneurial expertise and the chance to get better jobs, has opened to mixed reactions from the applicants. But DU's faculty reiterates its positive impact. Dr MR Chhikara, Teacher In-charge, Department...
  • E-commerce platform Shopify enters Indian market 22-06-2013 01:53 PM

    New Delhi: Shopify, the e-commerce platform used to create and power online stores, announced their entry into the e-commerce market space in India in partnership with SingTel. Available from Rs 750 per month, the platform offers four monthly plans and lets individuals and small businesses to set up online shops...
  • DU north campus cut off may not go down below 95 percent: Poonam Sethi 04-06-2013 06:28 PM

    Dr Poonam Sethi, head of the department of Commerce at Delhi University's Hindu College joined IBNLive readers for an interaction on the admissions process in DU colleges for Commerce (Hons). Q. Ma'am, what will be the cut-off at Hindu and SRCC? Asked by: Sonal A. The cut offs in Hindu...
  • Bihar Intermediate Commerce results announced 23-05-2013 01:20 PM

    Patna: The Bihar School Examination Board declared the Intermediate Results 2013 for Commerce stream on Thursday at 1 pm. Candidates can log on to www.biharboard.net to check their results. The total pass percentage was 94.43 in the Bihar Board Intermediate (Commerce) exams. Patna girl Ankita Sinha stood first while Darbhanga...
  • India's exports up 1.6 pc at $ 24.16 bn in April 13-05-2013 01:45 PM

    New Delhi: Country's merchandise exports grew by 1.6 per cent to $24.16 billion in April this year, whereas imports increased by 10.9 per cent. Imports during the reported month stood at $41.95 billion. Exports in April 2012 stood at $23.7 billion, while imports were at $37.8 billion. Due to high...
  • Kunal Kohli: People look at art more as an investment 27-04-2013 03:20 PM

    Mumbai: Filmmaker Kunal Kohli rues how people have started viewing art as an investment rather than appreciating it as art itself. The son of art curator Yash Kohli says people should focus more on real art and not commercialise it. "Nowadays, what happens is that art has become more of...