NEW DELHI: With e-commerce business growing in India, realty major DLF has tied-up with online market place Snapdeal to sell its apartments and would offer 1 per cent discount to potential home buyers.

DLF will offer on Snapdeal about 50 flats in eight housing projects across the country in a price range of Rs 34 lakh to Rs 3 crore.

Mumbai: ICICI Bank Ltd, India’s largest private-sector lender, will revive a unit to spearhead a drive to recover bad debts, people with knowledge of the matter said.

The Mumbai-based lender will restart the so-called Special Asset Management Group, which it shut a decade ago, by April, the people said. They asked not to be identified as they’re not authorized to discuss the effort.

MUMBAI: A surge in the use of cards in e-commerce and m-commerce has made HDFC Bank expand its card strategy. The Bank will soon launch a payment system for small merchants to accept card payments without swipe machines, besides a new category of virtual credit cards.

HDFC Bank is a market leader in the credit card business, accounting for more than half of the amount outstanding under various credit card accounts.

The government has shortlisted Larsen & Toubro (L&T) and Pipavav Defence & Offshore Engineering Company, in which the Anil Ambani group firm Reliance Infrastructure has recently acquired management control, for award of a Rs 60,000-crore contract to build six conventional submarines under its Project 75i.

According to highly-placed sources, a high-level committee headed by vice-admiral Subhedar, which had inspected both public and private shipyards to shortlist candidates to issue the request for qualification (RFQ) for Project 75i, in its final presentation to the ministry of defence (MoD) last week, selected the two private sector shipyards — L&T’s Katupalli yard and Pipavav unit.

Barcelona calls itself the mobile capital of the world. That is not because this Catalan city has more mobiles than the rest of the world, but because every year it is here that the biggest mobile brands converge to showcase their roadmap for the rest of the year. The sprawling venue at the new Fira on the outskirts of the city also sees a lot of closed door meetings where the big partnerships of the business are forged and new technologies seen and acquired.

As always, the big brands all lined up to launch their new flagships at dazzling events at the stunning venues this beautiful city has to offer.

Indian markets today logged their biggest drop in 2 months with BSE benchmark Sensex tanking 604 points to close below 29,000 mark and the Nifty index slipped 181 points to fall below 8,800 level on fears that an earlier-than-expected rate hike by US will hit fund inflows.

It was a sea of red in domestic markets today. Nearly 1900 shares on the BSE fell while less than 1,000 managed to rise.

Anti-corruption crusader Anna Hazare will set off on a month-long 'padyatra' (foot-march) to Delhi to mobilise public opinion against the land bill on March 25 from Sevagram, which houses an ashram of Mahatma Gandhi, here.

The 77-year-old activist, who reached here last night, held discussions with his close associates over the details of the yatra and announced later that the campaign would start on March 25 and conclude on April 27 at the Ramlila Maidan in Delhi.

Tata Consultancy Services has been named as the top employer in Europe for the third consecutive year by a top employers certification agency, citing the Indian IT major as an "exceptional performer" in nine core human resources areas.

TCS, the leading IT services, consulting and business solutions organisation, has been certified as top employer in eight European countries - the UK, Belgium, the Netherlands, Germany, Switzerland, Sweden, Denmark and Norway by Top Employers Institute.

State-run BHEL has commissioned another 660 MW super-critical or energy efficient unit of NTPC's Barh thermal power project in Bihar.

Meanwhile, the company said it is currently executing orders for 36 sets of super-critical boilers and 31 sets of super-critical turbine generators, which are in various stages of execution.

The second phase of the e-auction of 11 coal mines proved to be a bonanza for mineral-rich states, whose revenues increased to Rs 2.05 lakh crore from Rs 1.35 lakh crore in the first phase. Out of the received bids worth Rs 71,027 crore for 30 years (mines' life), Rs 59,736 crore is towards royalty and the rest is the auction amount.

The second phase was almost similar to the first with sector majors grabbing richer coal blocks at high price. The only exception was Jindal with the lowest bid to get a rich coal block with power generation as end-use. While operational coal blocks were auctioned in the first phase, the second phase auctioned off about-to-produce mines.

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