Alibaba-Snapdeal talks fall apart on valuation
The much-touted proposal of Chinese giant Alibaba’s stake purchase in may have “fallen off” due to high valuations being sought by the homegrown online marketplace. The deal, which was being pegged at about $500-700 million, has hit a roadblock due to a high valuation demanded by... read more »
Sesa Sterlite gains on talk of govt revoking mining ban in Goa
Shares of Sesa Sterlite were up 2.5% at Rs 198 on reports that the Centre has revoked its earlier ban on all environmental clearances of mines in Goa. “The Ministry of Environment, Forest and Climate Change withdrew the suspension of ECs. The mining industry will resume operations immediately... read more »
Gold futures gain 0.15% on firm global cues
NEW DELHI: Gold prices increased by 0.15 per cent to Rs 25,796 per 10 grams in futures trading today as speculators enlarged positions amid a better trend overseas. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 40, or 0.15 per cent, to Rs 25,796 per 10 grams in a business... read more »
Railway platform ticket to cost Rs.10 from April 1
The railway platform ticket is going to be costlier – Rs.10 – from April 1. “The rate of platform ticket will be increased from Rs.5 to Rs.10 per per person from April, 2015,” said a senior Railway Ministry official. The official said the Divisional Railway Managers (DRM)... read more »
