Flipkart aims to create 10,000 ‘millionaires’ in 2015 through its e-commerc...
E-commerce major Flipkart today said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year. “In 2014, Flipkart helped over 2,000 sellers become millionaires through Flipkart sales. December 2014 alone saw over 500 sellers doing an average business... read more »
Black Money Probe Put on Fast Track, Final Action by March
NEW DELHI: The Central Board of Direct Taxes (CBDT) has asked its tax sleuths to put black money investigations on the fast track and quickly gather all foreign-based evidences against Indian individuals who feature in the infamous HSBC list and have allegedly stashed ill-gotten wealth in tax... read more »
IndusInd Bank meets forecast, profit up 29% at Rs 447 cr
Pribvate sector lender IndusInd Bank ‘sDecember quarter net profit rose 29 percent year-on-year to Rs 447 crore, driven by a strong growth in net interest income as well as other income. The bottomline got a further boost from lower provisions, money that the bank has to set aside for bad... read more »
RBI Likely Buying Dollars Via State Banks: Traders
The RBI was likely buying dollars via state-run banks starting at around 62.02 levels to prevent a further appreciation in the rupee, four traders said on Tuesday. The partially convertible rupee was trading at 62.06/07 per dollar by 1345 India time (0815 GMT), after moments earlier hitting as much... read more »
