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  • Wholesale price inflation hits a zero, lowest in over five years December 15, 2014

    New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items. The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November...
  • Retail inflation cools further to 5.52 per cent in October November 12, 2014

    New Delhi: India's annual consumer price inflation eased for a third straight month in October to 5.52 per cent, its lowest level since the government started releasing the data in 2012, data showed on Wednesday. The latest number was lower than a Reuters poll forecast of 5.80 per cent and September's...
  • Complaint filed with CCI against Flipkart, other online retailers for alleged unfair business practices November 5, 2014

    New Delhi: Fair trade regulator CCI has received a complaint against online retailers including homegrown giant Flipkart for alleged unfair business practices and will soon take a call on probing the matter. The complaint has been received against these online trading entities weeks after an uproar over Flipkart's massive discount sale...
  • Sensex rises 109 points; Bank Nifty up 2.5 per cent, CNX IT slips 4 per cent October 17, 2014

    Mumbai: The Sensex rose 109.19 points or 0.42 per cent to close at 26108.53 and the Nifty climbed 32.40 points or 0.42 per cent to 7780.60. About 1336 shares have advanced, 1501 shares declined, and 117 shares are unchanged. Good buying was observed in capital goods, banking, healthcare and fast moving...
  • Inflation drops to 5-year low of 2.38 per cent in September October 14, 2014

    New Delhi: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflation to a five year low of 2.38 per cent. The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013. ...
  • Choppy Sensex, Nifty close lower; DLF tanks 28 per cent, BHEL up 4 per cent October 14, 2014

    Mumbai: Equity benchmarks closed marginally lower amid consolidation on Tuesday ahead of two state elections (Maharashtra and Haryana) on Wednesday. The Sensex fell 34.74 points to close at 26349.33 and the Nifty declined 20.25 points to 7864. About 1301 shares have advanced, 1622 shares declined, and 109 shares are unchanged. ...
  • Isha and Akash Ambani appointed on the board of Reliance Jio Infocomm and Reliance Retail October 11, 2014

    Mumbai: At the board meetings held on Saturday, Reliance Jio Infocomm Limited and Reliance Retail Ventures Limited approved the appointment of Isha Ambani and Akash Ambani as Directors on their Boards. Isha Ambani, a graduate from Yale University has double majors in Psychology and South Asian Studies. She was a...
  • Will examine if more clarity is needed on e-retail, says Nirmala Sitharaman October 8, 2014

    In an interview with CNN-IBN, Commerce minister Nirmala Sitharaman said that she will examine if more clarity is needed on e-retail. "We have got a lot of inputs. We will examine the policy," she said. ...
  • Will look into complaints against Flipkart: Commerce Minister October 8, 2014

    New Delhi: After receiving "many complaints" from traders on Flipkart's massive discount sale, government on Wednesday said it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business. Flipkart's 'Big Billion Day' sale on Monday, that offered steep discounts on various products,...
  • Has e-commerce hit the business of traditional retailers? October 6, 2014

    Discounts are perhaps not new for e-commerce giants. But now they've taken it to the next level with prices hitting a rock bottom. These websites have hit the business of traditional retailers. Shylaja Varma checks out how e-commerce is burning a hole in their pockets and what the customer really...
  • Exclusive: Walmart looking beyond multibrand retail September 20, 2014

    President & CEO, Walmart India says that the company is looking beyond multi brand retail and plans to open 50 cash and carry stores by 2020. ...
  • Chinese ecommerce giant Alibaba in talks with Snapdeal to enter India: Report September 18, 2014

    Mumbai: Chinese ecommerce giant Alibaba is in talks with online retailer Snapdeal to enter India, the Economic Times reported on Thursday, citing two people aware of the development. Alibaba, whose shares are set to debut on the US market on Friday in what could be the world's largest ever initial public...
  • Centre will not allow FDI in multibrand retail: Nirmala Sitharaman September 8, 2014

    New Delhi: The NDA government will not allow foreign direct investment in multibrand retail, Commerce and Industry Minister Nirmala Sitharaman said on Monday. "We are clear that FDI will not be allowed in multibrand retail trade. We shall not entertain FDI in MBRT. There is no...
  • Yahoo Stores: Yahoo relaunches its ecommerce platform; lets small businesses easily set up online stores August 17, 2014

    San Francisco: Yahoo announced the relaunch of its ecommerce platform, which allows small businesses to easily set up online retailing. The new Yahoo Stores system, said a company blog post, allows users to "turn your idea into a business in less than two minutes." Amit Kumar, head of Yahoo Small Business, said...
  • Amazon sued over purchases by kids using mobile apps July 12, 2014

    Washington: The US government sued Amazon.com for allowing children to collectively run up millions of dollars in purchases on the credit cards of their unsuspecting parents while playing mobile apps like "Tap Zoo" and "Ice Age Village." The lawsuit, filed by the Federal Trade Commission, seeks to make the online retailer...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 201415 overcoming the sub5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 201314, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 201314 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • FDI in Multi brand retail not welcome: Nirmala Sitharaman June 14, 2014

    Commerce and Industry Minister Nirmala Sitharaman said that FDI in Multi brand retail is not welcome. "We have initially made a very clear commitment that in multibrand retail, opposition is very clear. FDI in Multi brand retail is not welcome at the moment." She had called on Prime Minister Narendra...
  • 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...
  • Flipkart raises $210 million fresh funding from four investors May 26, 2014

    Mumbai: Flipkart, India's largest etailer, raised $210 million in a fresh round of funding from a group of four investors led by internetfocused investment group DST Global, it said in a statement on Monday. Last week, Flipkart, which is popular for selling books and electronics online, acquired the country's biggest fashion...
  • Fruit, vegetable prices push March retail inflation to 8.31 per cent April 15, 2014

    Retail inflation in March inched up to 8.31 per cent from 8.03 in February, mainly on account of a rise in fruit and vegetable prices. "Provisional annual inflation rate based on all India general Consumer Price Index (Combined) for March 2014 on point to point basis (over March 2013) is 8.31...
  • BJP's manifesto: Does it signal emergence of a new BJP under Modi? April 7, 2014

    The Bharatiya Janata Party raleased its 2014 election manifesto on April 7, the day voting began for the 16th Lok Sabha. The BJP manifesto pledges 'Ek Bharat, Shreshta Bharat - Sabka Saath Sabka Vikas' (One India, Best India - Unity and Development for everyone). ...
  • India Inc wants BJP to reconsider stand on FDI in retail April 7, 2014

    New Delhi: Dismayed by the BJP's decision to say no to FDI in multi-brand retail in its election manifesto, India Inc has urged the party to reconsider its stand, saying the move may send a wrong signal to overseas investors. However, industry bodies have welcomed other promises made in the manifesto...
  • BJP manifesto: Strong growth, zero tolerance on terror, Ram Temple April 7, 2014

    New Delhi: New Delhi: Promising to usher in an era of strong economic growth, job creation, tackling the corruption menace, zero tolerance on terrorism and a strong foreign policy, the Bharatiya Janata Party released its manifesto for the 2014 Lok Sabha elections on Monday, the day the first phase of...
  • Muzaffarnagar riots: Judicial custody for gangrape accused March 26, 2014

    A local court today sent an accused, involved in Muzaffarnagar riots related gangrape case, to judicial custody till April 7. The Chief Judicial Magistrate Narender Kumar sent Roki to judicial custody till April 7, in connection with six riot cases including a gangrape case. Police on Tuesday arrested Roki from Phugana village,...
  • In election season, Modi, Kejriwal lead race of online products March 19, 2014

    New Delhi: With the political fervour at its peak and the approaching Lok Sabha elections, political parties and online retailers are seeing an increased demand for merchandise with images and logos of main political leaders. Online stores like Flipkart, Bluegape, Snapdeal are also selling merchandise with images of main political...
  • BJP remains opposed to FDI in retail, won't change stand: Jaitley March 1, 2014

    New Delhi: The Bharatiya Janata Party has ruled out any change in its policy towards Foreign Direct Investment (FDI) in retail if it comes to power at the centre. Speaking to CNN-IBN's Karan Thapar on Devil's Advocate, senior BJP leader Arun Jaitley ruled out any possibility of the party reversing...
  • Hennes & Mauritz to open first store in India in 2014 February 12, 2014

    Hennes & Mauritz will open its first store in India this year, it said on Wednesday, as the world's secondbiggest fashion retailer becomes the latest to take advantage of the opening of Asia's thirdlargest economy to foreign operators. Hamp;amp;M, which said last year it plans to spend around 100 million euros...
  • Rajasthan government reverses Congress decision to allow FDI in retail February 1, 2014

    The Bharatiya Janata Party government in Rajasthan has reversed the earlier Congress regime's decision on allowing foreign direct investment (FDI) in retail in the state. In a letter to Union Minister of Commerce and Industry Anand Sharma, Chief Minister Vasundhara Raje said: "The (Rajasthan) government has studied the proposal and its...
  • Prithvi Reddy to head AAP's panel on economic policy January 19, 2014

    The ruling Aam Aadmi Party (AAP) in Delhi has formed a sevenmember team to formulate its economic policy ahead of the general elections. The decision to form a committee assumes significance as the party is under pressure from several quarters to make its stand clear on various issues ranging from foreign...