Consumer Issues
eBay brings 'Black Friday' discount shopping to India

Black Friday, often regarded as the beginning of the Christmas shopping season in the West, is now available on ebay.in from 21-30 November 2014

 

eBay, along with their seller shopyourworld.com, has decided to introduce the 'Black Friday' concept in the country by bringing the best bargains on US based products at India pricing. eBay India will also be offering free shipping across the country under Global Easy Buy.

 

Black Friday, the Friday following Thanksgiving Day in the US (the fourth Thursday of November), is often regarded as the beginning of the Christmas shopping season.

 

The biggest Black Friday Sale from the US is now available on ebay.in from 21-30 November 2014, it said in a release.

 

"Along with ShopYourWorld.com, we will be listing over 10,000 deals on ebay.in under the Black Friday Sale. These products will be available to consumers in Indian Rupees at price inclusive of all import duties, international shipping charges and other charges as applicable in India," said Vidmay Naini, Director & Business Head, eBay India.

 

In recent years, most major retailers have opened very early and offered promotional sales to kick off the holiday shopping season. Online retailers too have offered deep discounts to match consumer demand, making it the busiest shopping day of the year.

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Saradha scam: CBI interrogates WB minister, Trinamool MP

WB's textile minister Shyamapada Mukherjee had allegedly sold his shares in a cement company to Saradha group chief Sudipto Sen

 

The Special Crime Branch of Central Bureau of Investigation (CBI) on Friday interrogated West Bengal's Textiles Minister Shyamapada Mukherjee and Trinamool Congress's Rajya Sabha MP Srinjoy Bose in connection with the Saradha ponzi scam.

 

Mukherjee and Bose arrived at the CBI office in Kolkata in the morning following summons served on them to appear before the agency sleuths.

 

State Transport Minister Madan Mitra, who was also asked to appear before CBI in connection with the scam, was admitted to state-run SSKM Hospital Thursday after a brief stay at a private clinic in the city.

 

Mukherjee had allegedly sold his shares in a cement company to Saradha group chief Sudipto Sen, whose has been chargesheeted by the CBI.

 

The CBI sleuths had found some discrepancy in the share transaction for which the minister had been asked to appear before the agency for clarification.

 

Bose, who owns a Bengali daily, had entered into a business transaction with Sen.

 

"I have been asked to depose as a witness. I will co-operate with the agency as a responsible citizen and no wrong has been committed on my part," he told reporters while entering CBI office.

 

CBI had also summoned former Trinamool MP Somen Mitra to appear before the sleuths for questioning. Mitra has now rejoined Congress.

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Jignesh Shah steps down as chief of Financial Technologies

FTIL founder-promoter Jignesh Shah would no longer hold any executive or managerial position the company

 

Jignesh Shah, the promoter of Financial Technologies (India) Ltd (FTIL) has stepped down as managing director and chief executive of the company. Shah would be replaced by Prashant Desai, who was working as president in FTIL's investor relations and merger and acquisition division.

 

FTIL, in a regulatory filing said, its Board has invited Shah to be its chairman-emeritus and mentor. Shah will no longer hold any executive or managerial position the company, it added.

 

In addition, Dewang Neralla, another founding member, and Manjay Shah will also exit from the FTIL board and would head group companies. Neralla will become MD and CEO of Atom Technologies and Manjay Shah will lead Tickerplant, the filing said.

 

FTIL said, it expanded its board by including Jigish Sonagra and Rajendra Mehta as executive directors and Nisha Dutt, Sunil Shah and Miten Mehta as new independent, non-executive directors.

 

The re-constituted board of 12 members will have five non-executive and independent directors, four executive directors and three non-executive directors.

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