US firm penalised for underpaying October 24, 2014 12:48
A US company in Fermont, California has been penalised for underpaying eight Indian workers and also making them work more than expected hours in a week. The US Department of Labour called this incident “outrageous…
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No probe on Flipkart October 21, 2014 12:56
Union Commerce and Industries Minister Nirmala Sitharaman said there was no probe against e-commerce giant Flipkart event though it received numerous complaints over the recent 'big billion day sale'. These statements came like a shock…
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Snapdeal to rise $650 million investment October 15, 2014 12:54
Online retailer Snapdeal will rise $600 to $650 million [Rs. 3,660 crore to Rs. 3,965 crore] investment from the existing investors to expand its operations. This is going to the biggest investment ever in Indian…
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Amazon ties with Future Group October 13, 2014 16:26
India's largest retailer Future Group has signed a deal with world's largest online store Amazon to sell goods online. According to this deal, 40 brands will be retailed through Amazon and the focus is on…
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Rs 600 crores in 10 hrs October 07, 2014 13:27
Flipkart announced that on Monday the e-commerce portal made a business of Rs 600 crores [USD 100 million] as part of its “The Big Billion Day” mega sale event. The founders of Flipkart, Sachin and…
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Telecom operators hike mobile internet rates October 06, 2014 14:49
Telecom operators, AirTel, Vodafone and Idea which jointly constitute around 57 per cent mobile services market share have hiked the mobile internet tariffs up to 100 per cent in June-September across country. Telecom operators generally…
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India retains its rank of billionaires September 17, 2014 16:33
According to the Wealth-X and UBS Billionaire Census 2014, released today, India has retained its sixth position in terms of number of billionaires. With 100 billionaires in the country, collectively have USD 175 billion wealth…
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HMT Watches to shut down September 11, 2014 12:46
India's iconic wristwatch brand HMT Watches will soon shut down as the losses are piling up. The company's net loss rose to 242 crores in 2012-13 from 224 crores in 2011-12. Since 2000 HMT Watches…
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Darjeeling Tea brand 1.1 Lakh per kg September 06, 2014 17:02
Iconic Darjeeling tea brand, Makaibari Tea has created a record as tea importer from Japan, US and UK countries have booked orders at a record price of $1,850 per kg [Rs 1.11 lakh]. Makaibari tea…
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TATA invests in Snapdeal August 27, 2014 16:42
Ratan Tata makes e-commerce foray as Snapdeal.com has claimed that the former TATA Groups chairman has made a personal investment in the company however did not disclose the amount. Snapdeal co-founder and CEO Kunal Bahl…
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Sugar import duty hiked August 23, 2014 09:41
The government on Friday hiked sugar import duty from 15 per cent to 25 per cent and this would lead to increase in rate of sugar by Rs. 4 to Rs. 5 per kg. This…
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Five Indian Firms make to Forbes list August 21, 2014 17:33
Five Indian companies have to made it to the list of Forbes 100 Most Innovative Companies. This list includes firms like Hindustan Unilever, Tata Consultancy Service [TCS], Larsen & Toubro [L&T], Sun Pharma and Bajaj…
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