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Category: Business

Amazon is buying Ring, a business that was once rejected on ‘Shark Tank’

Loknath Das, , , , , , , , , , , ,

Adam Taylor | ABC | Shark Tank Ring CEO Jamie Siminoff on ABC’s “Shark Tank” in season 5. Tuesday, Amazon agreed to buy Ring, a company that makes smart doorbells, according to representatives of both companies. “Ring’s home security products and services have delighted customers since day one. We’re excited to work with this talented team,” an Amazon spokesperson told CNBC Tuesday. While the official deal hasn’t yet been announced, it could cost Amazon over $1 billion, according to Reuters. Amazon buys digital doorbell maker Ring For Ring’s CEO and founder Jamie Siminoff, achieving…

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Ford is setting up for an autonomous ride-hail and delivery business in Miami

Loknath Das, , , , , , , , , , , ,

An Argo AI-powered Ford vehicle driving down the streets of Miami. Ford Ford is laying the groundwork for its autonomous vehicle business in Miami, Fla. It’s a three-pronged approach that is still in its infancy, but includes a delivery pilot in partnership with Dominos and Postmates, testing self-driving cars around the city and setting up a fleet-management center. Many other companies in the self-driving space have begun testing both delivery and ride-hail services, but few have established dedicated fleet-management centers that will facilitate the maintenance and operation of these driverless vehicles.…

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Retail Inflation For January Eases To 5.07%, IIP for December at 7.1%

Loknath Das, , , , , , , , , ,

The annual retail inflation slightly eased in January to 5.07 per cent from the 17-month high hit in December, as food prices ebbed, data from the Ministry of Statistics showed on Monday. Based on Consumer price index (CPI), the inflation was at 5.21 per cent in December — a 17-month high, and 3.17 per cent in January last year. On the other hand, the growth of India’s factory production slowed in December to 7.1 per cent from a rise of 8.80 per cent in November and a 2.4 per cent…

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ArcelorMittal Submits Offer For Debt-Laden Essar Steel

Loknath Das, , , , , ,

The steel major said Essar would also have access to deep technical expertise London: ArcelorMittal on Monday said that its subsidiary ArcelorMittal India Pvt Ltd (AMIPL) has submitted an offer for Essar Steel India Limited in line with the corporate insolvency resolution process for Indian steel company. In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and aimed at improving its performance and profitability. “Essar provides a compelling opportunity for us to enter the high growth Indian steel market. The…

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UBI Posts Rs. 637.53 Crore Net Loss In Q3

Loknath Das, , , , , , , ,

United Bank of India’s operating profit saw a 65.76 per cent fall to Rs. 181.53 crore Kolkata: State-run United Bank of India (UBI) on Monday reported a net loss of Rs. 637.53 crore for the quarter ended December 31, 2017, as compared to a net profit of Rs. 64.10 crore for the a year-ago period. The net loss for the quarter was on the back of sharp fall in operating profit and a huge increase in provisions to cover rising bad loans.During the quarter ended December, the bank’s operating profit saw a 65.76 per cent fall to Rs. 181.53…

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How to Use Facebook’s Workplace for Small Business

Loknath Das, , , , , , ,

Facebook’s Workplace has been on the market for a little over a year and has seen rapid adoption by organizations of all sizes around the world. According to Facebook, more than 14,000 companies use Workplace as their internal team collaboration tool. Given people’s familiarity with the social media giant, it’s no surprise that large companies such as the Royal Bank of Scotland and Walmart are using Facebook’s enterprise version with the goal of improving employee communicate and increasing productivity. The questions is, how can small businesses use this tool effectively? How…

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