MERCHANT DISCOUNT RATE
Snapdeal set to raise prices, seek higher margins from sellers
“The net impact will set us back by 3-4 per cent on the selling price of the product,” said the manufacturer of an apparel brand sold on Snapdeal, declining to be identified.
RBI formed panel suggests roping in local retailers to act as cash points
The committee has proposed a network of cash disbursement points wh...
About 100 mn people make ePayments once a month, claims Nandan Nilekani-led panel
This could be one of the first official acknowledgements of...
Slowdown, competition from smaller players force law firms to offer heavy discounts
Undercutting is a very common practice indulged by newly set-up law firms or firms with expertise in one practice area.
Flash sale portals offer heavy discounts, what is the truth behind it
Call them flash sales, secret sales or private sales, they all mean one thing: deals that promise heavy discounts for a limited period of time.
Flipkart annual sales run rate hits $3 billion
The Bangalore-based online commerce biggie, which is locked in a fierce battle with Amazon and Snapdeal, is expected to touch $5 billion.
RBI deputy governor HR Khan hopes banks will pass on rate cut benefits to borrowers
Asked about review of interest rates on small savings, Khan said the government has said it is looking at the reset period.
Essar seeks RBI nod to sell 11% stake to Vodafone at discount
Essar has approached RBI seeking to sell 10.97% equity in Vodafone Essar for $1.2 bn, which the co says is lower than the fair value of $ 1.72 bn.
Jefferies India says it receives category-1 merchant banking licence
Jefferies India Pvt Ltd, a subsidiary of the New York-based Jefferies Group, announced it has received a category-1 merchant banking licence from the Securities & Exchange Board of India (SEBI).
Curb on 0% EMI schemes: Banks asked to charge uniform rate
In the 0% EMI schemes offered on credit card outstandings, the interest element is often camouflaged and passed on to customer as processing fee.
RBI defends policy status quo, says inflation too high
Subbarao said inflation at current levels is unacceptable and monetary tightening is required to ensure sustainable growth.
Flipkart to arrange easy working capital loans for vendors to ensure loyalty
Easy working capital loans — that’s the carrot Flipkart is holding out to its 80,000 merchants to stay loyal and stay active.
E-commerce market to touch Rs 50,000 cr in 2011: Report
The domestic e-commerce market which was estimated to at Rs 19,688 crore in 2009, is expected to touch Rs 50,000 crore in 2011.
As competition increases online, so do promotions & discounts
As US consumers hold tight to their wallets, online retailers will work harder this year for their share of the holiday gift list.
Looking for good bargains? Go online as websites like snapdeal, taggle, sosasta, mydala offer up to 90% discount
There are 20-30 websites like snapdeal, taggle, sosasta, mydala, and so on, offering discounts on everything under the sun to customers.
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