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Reserve Bank of India relaxes norms for loans against gold ornaments

Reserve Bank of India relaxes norms for

NEW DELHI: The Reserve Bank today relaxed the limit of loan that banks can sanction against the pledging of gold ornaments and jewellery. On December 30, banks had restricted the loans of up to Rs 1 lakh against pledge of gold ornaments and jewellery. "Banks, as per their Board approved policy, may decide upon the ceiling with regard to the quantum of

July 23, 2014  |  comments ( 0 )  | 

Philips partners Amazon to tap burgeoning e-commerce market

Philips partners Amazon to tap

NEW DELHI: Consumer electronics major Philips today announced its collaboration with e-commerce giant Amazon to launch imaginative LED lightings for kids in association with Disney.    In a bid to tap the rapidly expanding online

July 23, 2014  |  comments ( 0 )  | 

India Has Higher Smartphone Usage Than the US: Study

India Has Higher Smartphone Usage Than

New Delhi: Smartphone users in the country have among the highest rates of smartphone usage daily globally, spending over  three hours on an average on their devices, a study by telecom equipment maker Ericsson published on Tuesday

July 23, 2014  |  comments ( 0 )  | 

Mercedes Benz launches CLA 45 AMG at Rs 68.5 lakh

Mercedes Benz launches CLA 45 AMG at Rs

Greater Noida: German luxury car maker Mercedes Benz today launched its compact performance sedan CLA 45 AMG priced at Rs 68.5 lakh (ex-showroom Delhi). Bullish on the growing demand for luxury performance cars, the company also said it would

July 22, 2014  |  comments ( 0 )  | 

Myntra.com inks deal with global fashion brand MANGO

Myntra.com inks deal with global fashion

New Delhi: Myntra.com partners with global fashion brand MANGO to offer international fashion to shoppers in India. The renowned fashion brand will be available on Myntra.com from August 2014. Commenting on the partnership, Ashutosh Lawania,

July 22, 2014  |  comments ( 0 )  | 

Funskool opens its second store in India

Funskool opens its second store in India

Indore,  2014: Funskool (India) Ltd, India’s leading Toy Company has opened its first store in Madhya Pradesh at the C-21 Mall in Indore.  The store features the most popular international toys from Hasbro, LEGO, Leap Frog,

July 22, 2014  |  comments ( 0 )  | 

115th Canton Fair: Enhanced innovation and service highlights future of trade

115th Canton Fair: Enhanced innovation

GUANGZHOU/China: Though the Chinese national team did not make it to the FIFA World Cup in Brazil, Chinese merchandise certainly did. One flag company in Zhejiang Province alone supplied over 50 million flags to Brazil, with many of its orders

July 21, 2014  |  comments ( 0 )  | 

Higher weight of food items causing high retail inflation: GovtHigher weight of food items causing high retail inflation: Govt

Higher weight of food items causing high

NEW DELHI: A higher weight of food items in the consumer price index has kept retail inflation at elevated levels in the country, according to official data.The high inflation in India owes to "higher weight for the food basket (about 50 per

July 21, 2014  |  comments ( 0 )  | 

Ultratech Cement Q1 Net dips 6 per cent to Rs 628 crore

Ultratech Cement Q1 Net dips 6 per cent

NEW DELHI: Ultartech Cement today reported a little over six per cent dip in its consolidated net profit for the first quarter of the current fiscal at Rs 628 crore on lower prices and higher variable costs.  The Aditya Birla Group flagship

July 19, 2014  |  comments ( 0 )  | 

PayPal India Wins Top Industry Awards for Technology Leadership

PayPal India Wins Top Industry Awards

PayPal India, an eBay Inc. company was honoured with awards at the 2014 Zinnov Awards in Bangalore on Thrusday. Zinnov, an advisory firm, recognized PayPal India for excellence in technology.  According to Anupam Pahuja, General Manager,

July 19, 2014  |  comments ( 0 )  | 

GDP growth to improve this fiscal: Arun Jaitley

GDP growth to improve this fiscal: Arun

NEW DELHI: India's economic growth is expected to improve during the current fiscal from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and external economic situation, Parliament was informed

July 18, 2014  |  comments ( 0 )  | 

Capillary Technologies raises $14 Million Series B Funding

Capillary Technologies raises $14

Leading cloud based retail customer engagement management company, Capillary Technologies has recently raised $14 million Series B round of venture financing.  This new investment adds on to the $17 million of Series A funding received in

July 17, 2014  |  comments ( 0 )  | 

Bajaj Auto Q1 Net up marginally at Rs 740 crore

Bajaj Auto Q1 Net up marginally at Rs

New Delhi: Bajaj Auto Ltd today reported a marginal increase in its net profit at Rs 739.98 crore for the first quarter ended June 30, 2014.    The company had posted a net profit of Rs 737.68 crore in the same quarter last

July 17, 2014  |  comments ( 0 )  | 

Rajkot to host international trade show in November

Rajkot to host international trade show

Rajkot: A Gujarat-based organisation will organise an international trade show here in a bid to attract investors to the Saurashtra-Kutch region.  "Saurashtra Vyapar Udyog Mahamandal (SVUM) will organise the show from November

July 17, 2014  |  comments ( 0 )  | 

Luxury industry optimism slides 14% in July-Sept qtr

Luxury industry optimism slides 14% in

The luxury industry appears to be less optimistic for the July-September quarter this year than it had been for the previous three months amid uncertainties about macro-economic stability and future demand. According to Wealth-X, a global wealth

July 16, 2014  |  comments ( 0 )  | 

India's Exports Up 10.22% to USD 26.4 Billion in June

India's Exports Up 10.22% to USD 26.4

 India's exports grew by 10.22 per cent to USD 26.4 billion in June this year while imports stood at USD 38.24 billion, up by 8.33 per cent, leaving a trade deficit of USD 11.76 billion, according to the Ministry of Commerce and

July 16, 2014  |  comments ( 0 )  | 

India\'s services exports in May rose by 8.8 per cent to USD 13.9 billion

India's services exports in May rose by

India's services exports in May rose by 8.8 per cent to USD 13.9 billion, according to the Reserve Bank data.    Import of services during the month, however, rose in double-digit of 15 per cent to USD 8.03 billion, as per the RBI data

July 16, 2014  |  comments ( 0 )  | 

Govt to offer wheat from FCI stock for open market sale

Govt to offer wheat from FCI stock for

Government will sell wheat in open market from Food Corporation of India’s (FCI’s) stock as part of its measures to keep prices under control.   Earlier this month, the government has decided to release additional 50 lakh

July 16, 2014  |  comments ( 0 )  | 

RBI tightens exit rules for foreign investors from pvt firms

RBI tightens exit rules for foreign

RBI tightens exit rules for foreign investors from pvt firms     The Reserve Bank of India today modified norms governing issuance and transfer of shares for foreign investors in unlisted companies,  laying stress on using

July 16, 2014  |  comments ( 0 )  | 

Maruti Suzuki Unveils Limited Edition of Ertiga

Maruti Suzuki Unveils Limited Edition of

NEW DELHI: The country's largest carmaker, Maruti Suzuki IndiaBSE 0.40 %, has launched limited edition variants of the multi-purpose van Ertiga, which will be priced up to Rs 8.05 lakh (ex-showroom, Delhi).  MSI, which is launching the

July 15, 2014  |  comments ( 0 )  |