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SBI to cut minimum balance requirement

  06-Jan-2018

Under pressure from the government, the country's largest lender State Bank of India (SBI) is understood to be reviewing its minimum balance requirement which is currently Rs 3,000 in urban centers. The bank is also changing the requirement from monthly average balance to quarterly average balance. The move follows reports that the...

Indian leather & footwear sector employs over 3 lakh

  05-Jan-2018

The Indian leather and footwear industry has employed a total of 3,45,676 youth under the Human Resource Development (HRD) sub-scheme of the Indian Leather Development Programme (ILDP), along with the inflow of FDI worth $53.64 million, the minister of state for commerce and industry CR Chaudhary said this in a written reply to a question in...

Apparel and textiles park to come up near Patna

  05-Jan-2018

An apparel and textiles park will be set up on the outskirts of the state capital for which a land tract spread over more than 100 acres has been earmarked, Bihar Deputy Chief Minister Sushil Kumar Modi said here today. Speaking after the inauguration of a three-day fair organized by the Bihar Readymade Garments Association, Sushil Modi...

'BUY' or 'SELL' ideas from experts for Thursday, 4 January 2018

  04-Jan-2018

Domestic equity markets are likely to see a flat to positive start on Thursday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's trade: Kunal Bothra, independent...

Spices exports rise 24% in fiscal first half; chilli most in demand

  04-Jan-2018

Exports total 5.57 lakh tonnes in April-September period India exported 5.57 lakh tonnes of spices and spice products worth ₹8,850.53 crore during April-September 2017 compared with 4.5 lakh tonnes worth ₹8,700 crore during the same period a year earlier. This is an increase of 24% in quantity and 2% in rupee terms, said a...

India Inc’s green initiatives to lower costs in long run

  03-Jan-2018

ET Intelligence Group: Corporates are contributing their bits in maintaining ecological balance even as they pursue growth. This is reflected in various initiatives such as reduction in water consumption by 30-60 per cent and rising share of renewable energy. India is the fourth-largest emitter of greenhouse gasses. It accounts for about...

Asia shares eye all-time top on global growth cheer

  03-Jan-2018

Asian stocks struck a fresh decade high on Wednesday as risk appetites were whetted by a bevy of upbeat manufacturing surveys that confirmed a synchronised upturn in world growth was well under way. Activity was especially strong in Europe, lifting bond yields there and driving the euro to within a whisker of its highest in three years...

E-commerce companies reflect upon trade in 2017; determine growth in 2018

  02-Jan-2018

2017 witnessed a move that proved to be a fillip for the India economy. Implementation of the Goods and Services Tax (GST) on July 1, changed the advent of events in the year 2017, which proved to be positive for the markets as well as the e-commerce space. The unify taxation structure that was introduced to eliminate unwanted tax...

'E-commerce market places should have no-fake policy'

  30-Dec-2017

Top IT industry veteran T V Mohandas Pai on Friday said e-commerce market places should have a no-fake policy to address sale of counterfeit and spurious products on their platforms. "The e-commerce market places need to have a no-fake policy to address problems relating to selling fake products on their...

Cotton export pegged at 67 lakh bales in current marketing year

  29-Dec-2017

Cotton export is estimated to increase by 15 per cent to 67 lakh bales (of 170 kg each) in the current 2017-18 marketing year, which started in October, because of the rise in the output of the commodity, Parliament was informed today.  This assessment was made by the Cotton Advisory Board.  The shipments were aggregated...

Vodafone to launch VoLTE Service

  28-Dec-2017

The country’s second-largest telecom operator, Vodafone India will start rolling out VoLTE services from next month covering Mumbai, Gujarat, Delhi, Karnataka, and Kolkata in the first phase which will be followed in other circles during the calendar year. Announcing Vodafone VoLTE service on Tuesday, Vodafone India Managing Director and CEO...

E-commerce companies asked to display MRP from January 1 or pay fines

  27-Dec-2017

Ecommerce entities may face financial penalties and even jail term if they do not comply with new rules that require them to mandatorily display the maximum retail price (MRP) among other details on pre-packaged commodities from January 1 next year. The Legal Metrology (Packaged Commodities) (Amendment) Rules, 2017, seeks to regulate...