Overseas investors turn net sellers of Asian equities in November
Overseas investors sold $4.3 billion worth of regional equities in the last month.
FPIs turn net sellers in Indian capital markets in Dec amid weak macro data
Foreign investors pulled out a net sum of Rs 1,668.8 crore from e...
Option sellers bet on Nifty range of 11,700-12,300 for Dec expiry
Nifty December contracts expire on the 26th of the month.
Bengal is gearing up for the reverse buyer seller meet on textiles, apparel & jute
In all, some 50 international buyers across more than 19 countries from the textile sector are coming to Kolkata to attend the meet. Big names such as TT Ltd, National Jute Board and Biswa Bangla is expected to be part of the event along with a gamut of MSMEs from the textile, apparel, fashion, home textiles, yarn and jute industry.
Buffett's Berkshire takes on short sellers with bet on furniture retailer
The disclosure that Berkshire bought 1.2 million shares sent RH soaring to a fresh record.
Indian gold sellers opt for discounts; China, Hong Kong demand weak
Gold demand remained subdued in China this week against a backdrop of slowing economic growth.
First ever international buyer-seller meet in Arunachal Pradesh
Growers and exporters showcased the products of Arunachal Pradesh like Mandarin oranges, kiwi, pineapple, king chilly, large cardamom, organic products, other fresh fruits, vegetables, flowers and spices.
Amazon growing grocery biz, says India head
Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.
Small towns go online to quench thirst for luxury
Most consumers tend to go bargain hunting online. For a large part of 2019, luxury mall managers reported that sales were lacklustre. Luxury goods websites, however, managed to buck the trend because of 20-50% lower costs on their sites. But at the moment, watch companies do not seem to be finding too many takers in tier-2 and 3 towns.
Paytm Mall’s losses contract 35% in FY19, revenue up 25%
While Paytm’s e-commerce unit was able to show a marked reduction in losses in FY19 while still growing revenue, the Softbank-backed company lags larger industry rivals- Flipkart and Amazon in terms of earnings.
Amazon’s 3 Indian units get Rs 4,472 crore ammo from parent
The investment comes after Amazon reported an 8% drop in revenue from its main Indian marketplace unit in FY19, which was likely due to the effect of the government’s revised foreign investment guidelines which came into effect in February.
Amazon wholesale India revenue declines 8% to Rs 11,232 crore in FY19
Meanwhile, Amazon Seller Services narrowed its losses, for the first time in India, to Rs 5,685 crore.
DPIIT asks Amazon, Flipkart to disclose names of top 5 sellers, capital structure, inventory details
The DPIIT has asked the cos to share their capital structure, biz model & inventory management system.
GSTN to create messaging platform for buyers, sellers
About 22.73% of GST assessees with nil turnover will only need to send an SMS to GSTN to complete their compliance and then confirm it with a one-time password.
RBI remains net seller of dollar in Aug; sells $4.1 billion
The central bank had purchased $615 million and sold $4.687 billion in the spot market.
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