Top 10 business news: Indiabulls offers home loan discounts, Snapdeal sale, FreeCharge Wallet milestone, Nissan recalls 59,000 cars, more
Top 10 business news: Indiabulls Housing offers home loan discounts, Snapdeal sale, FreeCharge Wallet milestone, Nissan recalls 59,000 sedans, Amaravati e-bricks, more: 500,000 units sold in fashion category within hours on Snapdeal
October 27, 2015 17:55 IST
Indiabulls Real Estate (IBREL) today informed BSE that its indirect wholly-owned subsidiary Grapene Ltd (the Offeror) has acquired 54.95 per cent stake in Indiabulls Properties Investment Trust (IPIT). The offer closed today.
2. 500,000 units sold in fashion category within hours: Snapdeal</br> Online marketplace Snapdeal has seen multi-fold growth in the apparel category during its pre-Diwali sale with half a million units being sold within 11 hours. The city-based e-commerce firm said it has sold 43,153 unique type of products in few hours with sarees being the most selling product.
3. FreeCharge Wallet reaches 5-mn user milestone: </br> Mobile wallet services provider FreeCharge on Monday said it has crossed the five million user mark within a month of launch. Customer roll out of the FreeCharge Wallet was initiated on September 25, making this wallet the first in the country to achieve the milestone of 5 million users within 30 days of customer roll out, FreeCharge said in a statement. (Image: Thinkstock)
Shares of L&T were trading 0.60 per cent lower at Rs 1,561.90 during afternoon trade on BSE.
6. PETA accuses OLX website of trading protected animals: </br> An animal rights outfit on Monday claimed that a popular classifieds website has been warned by the Wildlife Crime Control Bureau (WCCB) to withdraw advertisements promoting sale of animals protected under Indian Wildlife Protection Act. People for the Ethical Treatment of Animals (PETA) stated that the WCCB has shot off a letter to OLX after complaints over online facilitation of sale of wild animals. (Image: Facebook)
7. Low costs keep IndiGo flying high in India's cut-throat airline market:</br> Budget airline IndiGo is likely to reap the rewards of its frugal business strategy when it launches an expected $465 million initial public offering (IPO) on Tuesday, inviting investment in one of the world's fastest-growing yet fiercely competitive aviation markets. IndiGo, India's largest airline by passenger numbers, is the only consistently profitable local carrier for the past seven years, according to consultancy Centre for Aviation (CAPA). (Image: Reuters)
8. Nissan expands fuel leak recall to 59,000 sedans: </br> A Nissan recall for possible fuel leaks in crashes has been expanded to include nearly 59,000 Altima and Maxima sedans worldwide. The recall now covers certain 2013 to 2016 Altima midsize cars and some 2016 Maxima large cars. Also included are some 2014 to 2016 Teana sedans made in Russia. All have V6 engines. (Image: AP)
9. Nestle starts Maggi production; to hit market after clearances: </br> Swiss giant Nestle on Monday said it has resumed manufacturing of Maggi noodles at three of its India facilities and will hit the markets after getting clearances from food testing laboratories. The company, which was forced to withdraw Maggi from market and stop production in June following tests by certain labs allegedly finding lead and MSG beyond permissible limits, will send first samples of the fresh batches to three accredited labs for tests. (Image: Reuters)
10. NRIs buy 3 lakh 'e-bricks' to contribute to new AP capital Amaravati: </br> About three lakh 'e-bricks' were purchased by Telugu NRIs in the US on a single day to contribute to the construction of Andhra Pradesh's new capital Amaravati, state IT minister Palle Raghunatha Reddy said on Monday. Each 'e-brick' is priced at Rs 10. The NRIs based in North America Bay Area bought about three lakh e-bricks following an appeal made by Reddy who is on a visit to the US, a release from his office here said.