Online food & grocery retail outlets in India rising: USDA
NEW DELHI: The number of online food and grocery retail outlets has increased to 44 so far this year from 14 in 2013 on the back of growing Internet users in the country, a latest USDA report said. Online retailers are competing with kirana stores that provide quick (often within an hour) home... read more »
Alibaba’s IPO biggest-ever globally after additional shares sold: Sou...
HONG KONG: Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion. The move comes after the stock surged 38 per cent in its... read more »
Tech Mahindra aims to clock USD 5 billion revenues by FY17
Tech Mahindra, India’s fifth largest software services exporter, is on track to become a USD 5 billion dollar company by fiscal 2017, a top company executive said today. “So far as the business is concerned, it is good. Outlook is positive. It is not only for us, it is for the industry... read more »
ONGC to begin oil production from KG-5 block in 2019
State-owned ONGC’s significant oil discovery in Bay of Bengal will begin production in 2019, with a peak output of 4.5 million tonnes a year, 20% more than previous estimates. The oil discovery in Krishna Godavari basin block KG-DWN-98/2 or KG-D5 will be the first large oil production from... read more »
