Japan has offered to finance India’s first bullet train, estimated to cost $15 billion, at an interest rate of less than 1 percent, officials said, stealing a march on China, which is bidding for other projects on the world’s fourth-largest network. Tokyo was picked to assess the feasibility of building the 505-kilometre corridor linking Mumbai with Ahmedabad, the commercial capital […]
» Read moreOnline retailer Myntra is aiming to achieve $5 billion in gross merchandise sales volume by 2018-2020, the company’s CEO told ET. “Currently, we are about $500 million in GMV. We plan to double it to $1 billion in 2016 and are aiming at a $5-billion GMV by 2018-2020 timeframe,” Myntra CEO Ananth Narayanan told ET on the sidelines of a […]
» Read moreThe Kerala High Court on Tuesday quashed state government’s orders imposing huge penalties on online retailers Flipkart and Myntra for non-payment of value added tax (VAT) for goods sold online and delivered in the state. Both the companies had contended that they only offer an online marketplace and that taxes are paid by the respective sellers in their home states. […]
» Read moreWest Indian cricketing legend, Brian Lara launched what Indians love most next to cricket – movie and television serials content – after he officially unveiled Yupp TV, which claims itself as the World’s largest Over-The-Top provider for Indian content. The cricketer said he was a fan of Bollywood given the fact that 40 per cent of his country, Trinidad’s population […]
» Read moreGerman Luxury car maker Mercedes-Benz today launched in India SUV GLE that will be produced locally with starting price of Rs 58.90 lakh (ex showroom Delhi) to enhance its position in the market here. The GLE will be available in two variants — 250d with a 2,143 cc diesel engine priced at Rs 58.90 lakh, and 350d which is powered […]
» Read moreThe ‘Mana Matti – Mana Neeru – Mana Amaravati’ programme, preceding the foundation ceremony for capital, commenced on Tuesday at Naravaripalle, the native village of Chief Minister N. Chandrababu Naidu . Hundreds gathered at the village to witness the event, which began with a ‘homam’ by Mr. Naidu, followed by collection of ‘putta mannu’ (anthill) and water. Representatives of all […]
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