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In 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named 'Red', to a few select potential local partners for a retailing venture.
Rupee, bonds joining stocks rally may add to India’s policy woesStocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India that has been buying up the deluge of dollars to curb the rupee’s gains.
from Stocks-Markets-Economic Time… Read MoreRBI cautions public against unauthorised digital lending appsOnly licensed banks and non-banking financial companies (NBFCs) given authorization by the central bank can do public lending activities, the central bank said. Earlier this year, RBI had issued a detailed set of guidelines o… Read MoreFuture says move to sell retail assets to RIL backed by HCOn Monday, the Delhi High Court rejected Future Group's plea to prohibit the American giant from interfering in its deal with Reliance Retail and said the statutory authorities are free to take their own decision as per law.
… Read MoreIL&FS to sell Chinese road asset for Rs 2074 croreIL&FS owns 49% in the asset through a Singapore subsidiary ITNL International Pvt Ltd (IIPL) while Chongqing Expressway Group held the balance 51%.
from Stocks-Markets-Economic Times https://ift.tt/37LgIx7
… Read MoreBank agents, shops preferred cash points for rural IndiaWith less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down a… Read More
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