Sources said the spin-off, a joint venture company, was yet to be named.
The BSE and the NSE have also been asked to provide inputs.
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According to sources, the company has identified smaller markets such as Peru, which do not contribute significantly to profits, where it might shut shop in the near term.
Diane Wang's DHgate makes inroads into India's e-commerce ahead of Jack Ma's Alibaba.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
News of all that's transpired on and off the football field
Flipkart might consider Singapore, too, as listing norms aren't very strict.
He says he does not share IMF's pessimism.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
The current bear run has already been the second longest since 1975.
After the wedding, Sheena and Mekhail did not meet again. Four or five months later she met her death. Mekhail referred to their last meeting without overt emotion, clear-eyed.
India's near-term growth has improved: IMF
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
'The Modi government has been taking credit for improvement in respect of the ease of doing business in India.' 'But when I look at the scams I cannot help feeling that it is too easy to do business with banks in India, if one is a Harshad Mehta, Vijay Mallya or Nirav Modi and their tribe,' says former Union home secretary Madhav Godbole.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
Special 301 Report expresses concern over weak IPR laws, to conduct reviews.
Furthering Indo-US cooperation on terrorism, Prime Minister Narendra Modi and President Barack Obama on Tuesday agreed to make "joint and concerted efforts" to dismantle safe havens for terror and criminal networks like Lashkar-e-Tayib, Jaish-e-Mohammad, Dawood-company, Al Qaeda and the Haqqani network.
'You need to polish your skills and be prepared to be an asset in the 'new normal' work environment.' 'Access MOOCs (massive open online courses) and keep your brain razor sharp, despite not having a job offer or having your job offer rescinded.'
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
'It has taken bombings in Beirut, bombing of a Russian airliner and now terror attacks in Paris for people to realise that we are not going to achieve our objectives of destroying ISIS if we drive in second gear. We need to get into top gear.'
We need a change in mindset, says the RBI Governor.
Rising skills gap, falling exports, low productivity, rising debt and low foreign investment is jeopardising the target set for the textile and apparels sector
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
The San Francisco-based giant has acquired a Delhi-based company.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
'For how long can investors fund loss-making companies?'
'"We want to get the learnings from Flipkart and take it to other parts of the world," Walmart CEO Doug McMillon was quoted as saying.' 'That is a very large tuition fee for an MBA in a country that outdoes Brazil and perhaps even China in busting multinationals' knees and sometimes their heads as they try to crack a market of mostly impoverished people run by a government that has never really given up the sadistic pleasures of administering the license raj,' notes Rahul Jacob.
Gains were led by index heavyweights with Reliance Industries contributing the most.
On the occasion of the National Stock Exchange's (NSE's) silver jubilee celebration, its MD and CEO Vikram Limaye, bottom, left, spoke to Somesh Jha to discuss the way forward and how the exchange plans to deal with the present set of issues.
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
The Australian Olympic team refused to move in to Rio de Janeiro's village for athletes on Sunday, saying the accommodation was "not safe or ready" for next month's games."
'The IPL is by the biggest sports property in the country and having it will give any digital video player an edge.'
Speaking at last weekend's title deciding US Grand Prix in Austin, the 84-year-old Briton told reporters he hoped to add more American venues to a series that is already set for a record 21 races next year.
Carriers' input costs are rising due to weak rupee and rising crude oil price.
'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.
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