Search Results for: e-retail

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Anand Sharma wants multinationals to follow TESCO's lead

New Delhi, Dec 19 (ANI): Trade minister Anand Sharma on Thursday said that he expects other multinational organizations to follow TESCO when it comes to investing in India. The UK-based retail major TESCO will get into a strategic alliance with Tata's Trent to open multi-brand retailing in the country. For the project, they have invested $110 million. Taking a note of different strategies that companies may adopt, Sharma said that it is the prerogative of the companies to initiate and firing up their business plans. When raised a query on what will be the Cabinet's stand on the FDI in the pharma sector, Sharma said that the government's stand is firm on the issue. Earlier in 2002, the government had allowed 100 per cent investment. Dec 19, 2013
no-change-in-interest-rates-rbi-governor-says-may-act-on-off-policy-dates-if-inflation-does-not-mod

No change in interest rates, RBI governor says may act on off-policy dates if inflation does not mod

New Delhi, Dec 18 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan surprised the financial markets by keeping the repo rate, or the main lending rate, unchanged at 7.75 per cent. Rajan unexpectedly kept the country's policy interest rate on hold despite calling current inflation too high, citing the prospect of easing retail prices and its concerns about the weak domestic economy. The RBI had been widely expected to lift its repo rate by 25 basis points. Dec 18, 2013
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BSE closes points 81.87 up on Dec 6

New Delhi, Dec 6 (ANI): Trading at the Bombay Stock Exchange today closed 81.87 points up to stand at 21,039.68. At the National Stock Exchange the Nifty closed 18.80 points up to stand at 6,259.90. Oriental Bank and Tata Power were among the top gainers of Group A with an increase of 8.01% and 6.35% along with Amara Raja and UCO Bank with an increase of 5.00% and 4.92% respectively, while the top losers of Group A include Mahindra and Mahindra Financial Services Ltd. and Gujarat State Petronet Ltd. with a decrease of 2.39% and 2.11% along with Future Retail and Godrej Consumer Products Ltd. with a decrease of 2.09% and 1.84% at the close of the markets. The Auto sector is up 50.23 points at 12,292.04, while the banking sector is up 133.56 points at 13,431.82 and the realty sector is up 4.22 points at 1,367.04. The Indian currency is up 0.22% at Rs 61.62 per dollar. Dec 6, 2013

Google Nexus 5 vs. Micromax Canvas Turbo A250: Specifications Comparison

India, billed as the third biggest smartphone market in the world, is primarily driven by local vendors which offer high-end phones at very low cost compared to their MNC counter parts. But with its launch, the competitively priced LG Nexus 5 has emerged as a threat to indigenous players, especially Micromax which is selling its high-end phone Canvas Turbo A250 at a sub-₹20,000 price-tag. Dec 3, 2013
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