Another 72-hour Great Online Shopping Festival

Even as the likes of Flipkart clocked sales of $100 million in under 10 hours thanks to its amazing discounts on the Big Billion day sale, the Google-promoted Great Online Shopping Festival (GOSF), which kicked off on intervening night of Tuesday and Wednesday, promises to be another mega show. More than 5 million potential shoppers have already visited the site gosf.in to register themselves for the 72-hour online shopping festival that has 450...

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Early investors in Indian e-commerce book huge profits

MUMBAI: Amid all the cash burn and eye-popping valuations, early investors in India's burgeoning e-commerce sector are beginning to book profits. TOI has learnt that Bengaluru-based venture fund Kalaari Capital may be in the process of executing a secondary sale of shares worth $100 million (Rs 610 crore) in Delhi-based Snapdeal. The e-tailer's bigger rival, Flipkart, saw a similar secondary transaction a few months back, revealed sources....

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Job Applications Fell Down in US

WASHINGTON — The number of people seeking U.S. unemployment benefits slipped below 300,000 last week, after having spiked above that level in the prior week for the first time in nearly three months. According to report, Weekly applications fell 17,000 to a seasonally adjusted 297,000, the Labor Department said Thursday. The four-week average, a less volatile measure, rose 4,750 to 299,000. Applications are a proxy for layoffs. As fewer...

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