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Godrej Interio plans to tie-up with local carpenters as it seeks to enter into premium custom-designed furniture market in select cities. (Representational image)

Spencer's to buy Godrej's Nature's Basket

Analysts said consolidation is the way forward in retail industry, as scale matters most in this low-margin business.

18 May 2019 2:14 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

IOC ties up oil from US, Saudi to make up for Iran shortfall

IOC and other Indian refiners stopped importing crude oil from Iran this month following the US' move to end sanction...

17 May 2019 7:38 PM IST

Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.

Forex reserves up by USD 1.36 bn to USD 420.05 bn

In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.

17 May 2019 7:29 PM IST

AURIC is located at a distance of 15 minutes from the Aurangabad International Airport and 40 km from Jawaharlal Nehru Port Trusts dry port and container terminal at Jalna.

Industrial city AURIC eyes investment worth Rs 70,000 cr over 12 years

Investment worth Rs 70,000 cr over 12 years can lead to creation of over 1.5 lakh jobs.

17 May 2019 6:38 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee snaps 3-day winning streak; settles 20 paise lower at 70.23

Forex traders said the decline in rupee was in tandem with weakness in other major Asian currencies vis-a-vis US dollar.

17 May 2019 6:18 PM IST

E-commerce major Snapdeal

Snapdeal's mega deals sale offers discount on summer essentials

Up to Rs 350 off with DEAL350 coupon code. Additional 15 pc discount to RBL Bank credit card users.

17 May 2019 6:07 PM IST

Few large retail outlets have already started advertising the downward revised prices of FMCG items.

Spencer's Retail to buy Nature's Basket in USD 43 million deal

Spencer's, a part of RP Sanjiv Goenka Group (RPG), runs its own grocery stores in parts of the country.

17 May 2019 4:48 PM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Sensex soars 537 points; Nifty reclaims 11,400-mark

The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77.

17 May 2019 4:00 PM IST

The gold bars of 99.9 per cent purity were found inside the pockets.

Gold slides by Rs 160 on muted demand, weak global trend

Gold is trading at Rs 33,170 per 10 gram in the national capital due to tepid demand from jewellers.

17 May 2019 3:46 PM IST

The Taj Mahal Hotel on Mansingh Road. (Photo: PTI)

IHCL ties up with Singapore's GIC to invest Rs 4,000 cr in hotel...

Investments will be done over the next three years and the joint platform will look at potential hotel assets in India.

17 May 2019 3:22 PM IST

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins.

Bitcoin sinks abruptly after seven weeks of recovery

After many lackluster months, the price of bitcoin started to rally from early April, hitting a 10-month high earlier...

17 May 2019 3:09 PM IST

Warning against 'Taliban' tendencies, Anand Mahindra praises Mahatma...

The chairman of Mahindra Group tweeted 'some things must remain sacred.'

17 May 2019 2:54 PM IST