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Category: Business

Amazon opens largest fulfilment centre near Hyderabad

Loknath Das, , , , , ,

E-commerce giant Amazon on Thursday opened its largest fulfilment centre near Hyderabad with the view to enhance customer experience ahead of the festive season. The four lakh square feet facility with a massive storage capacity of 2.1 million cubic feet has come up at the Rajiv Gandhi International Airport in Shamshabad, about 20 km south of Hyderabad. This is Amazon’s fifth fulfilment centre in Telangana and the largest in India. Amazon has ramped up the storage capacity to 3.3 million cubic feet in Telangana to enable faster deliveries to customers…

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How Does Your Business Compare With Others?

Loknath Das, , , , , ,

Is your dental practice as profitable as the next one? Are you generating from your landscaping business as much money as the firm across town is? Business owners are busy; the latest U.S. Survey of Entrepreneurs from the Census Bureau found that nearly 1 in 5 owners of businesses with employees worked more than 60 hours a week. In addition to handling a crush of everyday operational challenges, owners are often obsessing over how to generate sales, build customer relationships or improve their product or service. At the same time, however, business…

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Amazon issues refund to customers who bought phoney eclipse glasses

Loknath Das, , , , , , , , ,

E-commerce giant Amazon is offering refunds to customers who purchased eclipse glasses from the platform and warned them not to use the spectacles to view the total solar eclipse that will occur on August 21. The company began notifying the buyers about the “unverified” glasses on Saturday. Those who did not receive a recall email are safe to use the ones they purchased, CNET reported on Sunday. “We recommend that you do not use this product to view the sun or the eclipse,” the email issuing the warning read. Amazon…

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Jaitley holds review meeting of FDI policy in various sectors

Loknath Das, , , , , , , , ,

Finance minister Arun Jaitley held a meeting with other ministers and government officials on Monday for a review of the current Foreign Direct Investment (FDI) policy, informed sources said. Commerce minister Nirmala Sitharaman, power minister Piyush Goyal, Niti Aayog CEO Amitabh Kant and external affairs minister Sushma Swaraj attended the meeting, the sources said. The official refused to give any details of the meeting. The government has been considering further liberalising the FDI regime to attract foreign investments in various sectors, including 100% FDI under the automatic route for the…

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India Inc sees room for more rate cuts by RBI as inflation rises

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

India Inc said on Monday there is room for further rate cut by the Reserve Bank of India to boost investments from private sector and revive industrial growth, as wholesale inflation rose to 1.88% in July. “Given the trend and outlook for inflation, we see clear space for a more accommodative stance in the monetary policy. This is all the more important given the state of industrial sector where growth is anaemic. “Private sector investments continue to remain weak which is key concern for now. We look forward to a…

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Trump lawyer Marc Kasowitz is stepping aside from the president’s legal team

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

Marc Kasowitz, the head of President Donald Trump’s outside legal team representing him in the Russia investigation is reportedly stepping aside, according to multiple reports published Thursday night. CBS News White House correspondent Major Garret first tweetedKasowitz was “out” as Trump’s attorney, while New York Times reporter Maggie Haberman tweeted he was “not gone,” but had a “lesser role.” The news comes amid reports of Trump reshuffling his circle of attorneys as the Trump-Russia probe looms over his presidency. Kasowitz received criticism for a series of profanity-laced email exchanges he had with what…

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