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New Delhi [India], Oct 4 : Country's pioneering online automobile transactional marketplace Droom continues to ride the wave of success with its disruptive innovations and strategic approaches.

In a massive business achievement, the online automobile portal has been able to successfully clock a monthly gross merchandise value (GMV) of Rs. 104 crore in a short span of 19 months.

One of the fastest growing web-based companies, Droom has already registered over Rs. 1,200 crore in annualized GMV, with plans to achieve Rs. 3,000 crore by March 2017 and estimating a colossal growth to the tune of Rs. 5,000 crore by December 2017.

New Delhi [India], Oct 4 : Leading Singapore-based e-commerce company Shopmatic has announced its strategic partnership with GATES APAC, Singapore to facilitate the business expansion of Shopmatic in the rapidly growing Indian ICT market.

Shopmatic, a leader in the e-commerce ecosystem, announced the tie-up prior to the GATES India ICT Reseller Summit 2016.

New Delhi [India], Oct 4 : Unique reverse bidding hotel booking platform FindMyStay has introduced a new feature called 'Book now, Pay at Hotel' allowing guests to make the payment directly at the hotel while checking-in.

The platform's value proposition 'Pay what you want' has now been expanded to 'Pay what you want, when you want'. This move has empowered its customers to have complete control over their hotel booking experience by enabling them to pay once they have reached their desired lodging venue.

This is a major innovation as hotel booking platforms routinely require customers to pre-pay via credit or debit cards, e-wallets or net banking.

New Delhi [India], Oct 4 : In his first interaction with economists as the Reserve Bank of India (RBI) Governor, Urjit Patel has downplayed the risk of inflation sighting several factors including the Goods and Services Tax (GST).

The RBI chief makes it a point to meet the country's influential economists and the industry big-wigs before announcing the monetary policy.

During these meetings, the RBI usually does not reveal its plans for the future but instead is keen on the suggestions put forth by the people.

Secondly, the point which downplays the risk of inflation was that the Monetary Policy Committee (MPC) going forward may accept growth as one of its objectives, which could be a significant departure from the policy stance.

New Delhi [India], Oct 4 : The inflation is likely to remain below the RBI's early 2017 target of five percent for the next 12 months, as per the latest HSBC report.

As per the global financial services major, the declining trend in inflation is expected to continue as new crop streams into the market and CPI inflation could fall to under 4.5 percent in January-March 2017.

However, the vegetable prices are expected to completely reverse their summer ascent and higher pulse production may reduce inflation by another 40 bps.

"RBI has two objectives to reach its five percent inflation target in early 2017 and keep real rates at the 1.5-2 percent range. Marrying the two would open up space for easing by 50 bps," states the report.

New Delhi [India], Oct 4 : The market on Tuesday remained steady ahead of the Reserve Bank of India's monetary policy review. The Sensex traded up 73.16 points or 0.3 percent at 28316.45, while the Nifty traded up 21.75 points or 0.2 percent at 8759.85.

Shares such as GAIL, ONGC, Cipla, Tata Steel and Reliance were among the top gainers, while Coal India, Axis Bank and Dr Reddy's Labs were amongst the losers.

On the other hand, the gold prices were higher by Rs. 102 to Rs. 30,681 per 10 gram in futures trade today as speculators widened their positions even as the precious metal weakened overseas as the dollar strengthened.