Friday, September 21, 2012

Overseas retailers can't log into e-commerce

Overseas retailers can't log into e-commerce


Overseas retailers can't log into e-commerce

Posted: 21 Sep 2012 05:26 PM PDT

Foreign retailers will not be permitted to engage in e-commerce activities, a move which comes as a huge relief for the country's fledgling domestic e-commerce industry.


BlackBerry hit by outage in Europe

Posted: 21 Sep 2012 05:25 PM PDT

The chief executive of struggling BlackBerry-maker Research in Motion apologized on Friday after an outage in Europe and Africa interrupted service for customers on the very day Apple Inc released its new iPhone 5.


Government cuts tax to make foreign debt attractive

Posted: 21 Sep 2012 05:21 PM PDT

In a move to lower the cost of borrowings for Indian companies and spur investment, the government on Friday cut the tax it levies on the interest paid on foreign loans to 5% from 20% earlier.


Sensex soars 404 points to 14-month high

Posted: 21 Sep 2012 05:20 PM PDT

The sensex added another 404 points on Friday, buoyed by sentiments that the ruling UPA government would be able to push through more reforms, in the process taking the benchmark index to a 14-month-high of 18,753.


Entrepreneur takes risks? No, he does not see risks

Posted: 21 Sep 2012 05:18 PM PDT

Nothing much seems to have changed in the way Arun Jain, CEO of Polaris, has functioned in the last 15 years.He sits in the same office, in the same building from where the Polaris story started.


US dollar ends sharply cheaper against rupee

Posted: 21 Sep 2012 08:04 AM PDT

The US dollar ended sharply cheaper against the rupee at Rs 53.45/46 per dollar and the pound sterling also finished lower at Rs 86.93/95 per pound at the close of the Interbank Foreign Exchange Market (Forex) today.


Honda to launch entry-level diesel sedan in 2013

Posted: 21 Sep 2012 08:04 AM PDT

The company, long suffering due to the absence of a diesel engine in its portfolio, plans to launch a series of diesel-powered models thereafter as it looks to make up for the absence of the diesel vehicles from its portfolio.


India's forex reserves jump to USD 294.5 billion

Posted: 21 Sep 2012 08:01 AM PDT

India's foreign exchange reserves rose by USD 2.44 billion to USD 294.47 billion on the back of a healthy increase in the currency assets during the week ended September 14.


FDI bound to affect small traders: C Rangarajan

Posted: 21 Sep 2012 06:50 AM PDT

Chairman of the PM's economic advisory council Dr C Rangarajan said FDI in multi-brand retail would affect the small traders, who need to become part of the modern retail change story.


Sensex closes 415 points up

Posted: 21 Sep 2012 03:45 AM PDT

The Sensex earlier in the day staged biggest jump this year and surged 464 points to touch a high of 18,866.87 points in intra-day trade.


Food prices to reach record high in 2013: Rabobank

Posted: 21 Sep 2012 03:16 AM PDT

Food prices are forecast to reach record highs in 2013, according to a Rabobank report. The trend is expected to extend well into the third quarter of 2013, the report said.


Airline industry expecting positive response: Minister

Posted: 21 Sep 2012 02:46 AM PDT

A day after notifying a policy measure to allow foreign airlines pick up 49 per cent stake in Indian carriers, the government on Friday said the aviation industry was in an upbeat mood.


Govt to slash tax on overseas borrowing

Posted: 21 Sep 2012 12:40 AM PDT

Government will slash a tax on overseas borrowing by local companies to 5 per cent from 20 per cent, finance minister P Chidambaram said on Friday.


Rupee up 30 paise vs dollar in early trade

Posted: 20 Sep 2012 10:18 PM PDT

The rupee today recovered by 30 paise to 54.08 against the dollar in early trade at the Interbank Foreign Exchange on increased capital inflows, amid weakening of the American currency against the euro overseas.


Sensex up 149 points in early trade

Posted: 20 Sep 2012 09:04 PM PDT

The BSE benchmark sensex today recovered by almost 149 points in early trade on buying by funds and retail investors after the government notified its decision to allow FDI in the multi-brand retail sector.


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