Internet user base in India has touched 100 million.
Snapdeal has been on the deal street for raising fresh funds in order to muscle up for the growing competition in e-commerce.
Snapdeal had appointed merchant bankers for listing on an American stock exchange
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Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.
Vani Kola left behind a stellar career as an entrepreneur in the US.
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