Commerce

  • PMO asks commerce ministry to cut unnecessary imports Yesterday

    New Delhi: Ahead of the Thursday launch of the "Make in India" campaign announced by Prime Minister Narendra Modi on Independence Day, his office has written to the commerce ministry to forge a plan to reduce the country's dependence on unwarranted imports. A commerce ministry source told IANS on Monday that...
  • Alibaba beats Facebook by raising close to $22 billion 3 days ago

    Chinese ecommerce giant Alibaba beats Facebook by raising close to 22 billion dollars in the largest IPO ever. He won the young entrepreneur away from the world economic forum in 2005. ...
  • Alibaba secures its place in history as largest USlisted IPO of all time 4 days ago

    Chinese ecommerce giant Alibaba has secured its place in history as the largest USlisted initial public offering (IPO) of all time. The IPO has raised up to $22 billion, setting an all time record. The stocks are priced at $68 per share, signaling strong demand. Alibaba, which was founded by...
  • New payment gateway for efiling of intellectual property September 10, 2014

    New Delhi: Commerce and Industry Ministry has launched a new payment gateway for efiling of intellectual property, a move which will further simplify the procedure to get patents and trademarks. "This facility enables payment using Internet banking, credit cards or debit cards of more than 70 banks as against Internet...
  • Change India: Challenges that entrepreneur face in our country September 7, 2014

    In a special series Change India, CNBC TV18 discusses all the hurdles a new startup faces in India. ...
  • 5 states claim half of 4 years' investments in public sector September 7, 2014

    New Delhi: Five states, including Maharashtra and Tamil Nadu, attracted about half the total investment of Rs 550,000 crore by central public sector enterprises (CPSEs) between 200809 and 201213, the Associated Chambers of Commerce and Industry (Assocham) said. Andhra Pradesh, Odisha and Uttar Pradesh were among the top five investment destinations...
  • After RASPre exam, now RPSC cancels commerce paper of school lecturer exam July 16, 2014

    Following reports of defective question paper, the Rajasthan Public Service Commission on Tuesday cancelled the commerce paper of school lecturer examination which was held on Monday. Nearly 5,000 candidates appeared for this paper. The commission found that the pages of question paper series C and D were interchanged, therefore series of questions...
  • Home Ministry objects to FDI in sensitive areas of Indian railways July 6, 2014

    New Delhi: The Home Ministry has raised objections in allowing foreign direct investment in highlysensitive areas of the Railways sector, saying such a move may compromise security of the country's largest transportation network. The objection came after the Commerce and Industry Ministry circulated a draft cabinet note for interministerial consultations...
  • Finance, Commerce Ministries to join Twitter to expand government's reach July 6, 2014

    New Delhi: Important ministries like Finance and Commerce will soon join Twitter as part of government's effort to use social media in communicating with citizens. The micro blogging site, which has about 18 million users in India, is engaging with the government to help various ministries use the platform to...
  • Any c***** can become chief minister: Yashwant Sinha on Jharkhand CM July 2, 2014

    In an apparent slip of tongue, senior BJP leader Yashwant Sinha on Tuesday used an expletive word that raised eyebrows. "Media people come and put their mike, asking who would become the chief minister. How does it matter which c**** becomes CM," said Sinha. Sinha, whose word spoken in Hindi is taken...
  • While commenting on red tape, Parrikar wades into controversy July 2, 2014

    Panaji: While talking about the red tape faced by those who want to start a new factory, Goa Chief Minister Manohar Parrikar recounted a potentially controversial remark during a speech over the weekend. "An IIM professor told me that a student of his told him during an interaction, 'If I...
  • Excited to have gotten through to SRCC: CBSE topper Sarthak Aggarwal July 1, 2014

    The first cutoff lists of the Delhi University were released on Monday and believe it or not, it has hit a 100 per cent in three colleges. SRCC announced a cutoff of 98.2 per cent. ...
  • Twitter buys mobile ad firm Tap Commerce July 1, 2014

    San Francisco: Twitter announced Monday that it has cut a deal to buy mobile ad firm Tap Commerce to bolster moneymaking tools at the popular onetomany messaging service. San Franciscobased Twitter did not disclose how much it paid for Tap Commerce, which is located in New York City, but technology news...
  • SRCC follows other DU colleges, takes back cutoff list, defers admissions June 23, 2014

    New Delhi: Falling in line with other Delhi Universityaffiliated colleges, Shri Ram College of Commerce on Monday withdrew its first cutoff list and deferred the admission process. The move came hours after it issued a provisional cutoff list for its undergraduate Commerce course. There has been an open war between the...
  • Commerce, industry departments to meet PM on Tuesday June 23, 2014

    New Delhi: After reviewing the agriculture and energy sectors, Prime Minister Narendra Modi on Tuesday will brainstorm with various ministers as well as officials on issues related to exports, trade pacts and manufacturing. Secretaries at the departments of commerce, industry, heavy industry and public enterprises will apprise Modi of developments in...
  • Centre worried over law and order in Uttar Pradesh: Kalraj Mishra June 18, 2014

    The Centre was worried over the law and order situation in Uttar Pradesh which had turned from "bad to worse" and awaiting the Governor's report on the issue, Union Minister Kalraj Mishra said on Tuesday. "Uttar Pradesh Government is elected in accordance with the Constitutional norms and so is the government...
  • Agriculture Ministry closely monitoring rising price of food items June 17, 2014

    New Delhi: The Union Agriculture Ministry is monitoring rising onion prices and other commodities. According to ministry officials, they are in touch with the Finance Ministry. A senior official said, "We are in constant touch with the Finance Ministry and will soon come with some measures to check rising prices. Officials...
  • Ficci backs Modi government proposal to enhance FDI in Defence June 14, 2014

    New Delhi: Endorsing the government's proposal to liberalise FDI in the country's defence sector, Ficci on Friday said that the move will raise manufacturing capability and could be used to achieve self reliance in critical defence technologies. "Ficci welcomes the proposal put forth by the Ministry of Commerce & Industry to...
  • Government should not permit FDI in ecommerce: CAIT June 4, 2014

    New Delhi: The government should not allow FDI in ecommerce retail as it would grant backdoor entry to foreign players in the multibrand retail which the ruling BJP has been opposing, retailers body CAIT on Wednesday said. "We will take up the issue with the Prime Minister and Finance Minister and...
  • India likely to announce FDI in ecommerce next month June 4, 2014

    Mumbai: Prime Minister Narendra Modi's government could allow foreign direct investment in India's ecommerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter said. A more robust online retail sector will spur manufacturing...
  • Raising FDI limit in Defence will create more jobs, says Prakash Javadekar May 30, 2014

    New Delhi: Raising the FDI limit in the defence sector will help the country in creating jobs and being selfreliance in the military arena, Information and Broadcasting Minister Prakash Javadekar said on Friday. "I have been a member of Standing Committee on Defence and based on my experience, I can say...
  • Commerce Minister approves proposal to hike FDI in Defence to 100 pc May 30, 2014

    New Delhi: Minister of State for Commerce & Industries Minister (Independent charge), Nirmala Sitharaman has approved the Cabinet note proposing hike in FDI cap in Defence to 100 per cent, say sources. Currently, the FDI cap in Defence is 26 per cent. AK Antony, who was the Defence Minister during the UPA...
  • Nirmala Sitharaman says no to FDI in multibrand retail May 27, 2014

    New Delhi: Reaffirming BJP's stand on FDI in multibrand retail, new Commerce and Industry Minister Nirmala Sitharaman on Tuesday indicated that foreign players will not be allowed to open mega stores in the country as it may adversely impact the small traders and farmers. "At this stage the party...
  • Former Oriental Bank executives booked for fraud May 20, 2014

    A case of fraud was registered on Tuesday against three persons, including former senior executives of the Oriental Bank of Commerce (OBC) in Jodhpur, for allegedly trying to cause a loss of about Rs 3.80 crore to the bank. CBI officials said that a case has been registered against Rakesh Kumar...
  • Commerce Ministry seeks EC approval for railway FDI proposal March 13, 2014

    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 in force...
  • Flipkart, Snapdeal not our authorised resellers, says Lenovo February 20, 2014

    New Delhi: Chinese smartphone and PC maker Lenovo has issued an advisory cautioning consumers when buying its products from ecommerce 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 due...
  • Businessman dragged out of house, shot dead by suspected PLFI activists February 10, 2014

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

    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 higherups seeking help to end their woes. Poppy seeds, popularly known as 'khuskhus', are primarily used for value addition in...
  • Special package extended for Himachal, Uttarakhand: Anand Sharma January 15, 2014

    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 subsidy...
  • Muzaffarnagar riots: Commerce and Industry Ministry to distribute blankets in relief camps January 1, 2014

    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 Anand...