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Category: Business

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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Really Big List of National #SmallBusinessWeek Events

Loknath Das, , , , , ,

This year, National Small Business Week takes place from April 30 through May 6. And there are tons of different events, contests and other celebrations scheduled throughout the week. The U.S. Small Business Administration hosts many of the events. But other businesses and communities throughout the country also celebrate with their own contests, luncheons, promotions and more. National Small Business Week 2017 Events The list below includes events from the SBA and more. You can see if there’s anything of interest in your local area or online. We’re also going…

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Tax Cuts, Lending Upticks Make Small Business Headlines

Loknath Das, , , , , , ,

Small businesses got some welcome news this week — in the form of President Donald Trump’s proposed tax cuts. In addition, a recent report suggests that small business loans at institutional lenders and small banks are on the rise. You can read about these news items and more in this week’s Small Business Trends news and information roundup. Finance Small Businesses Big Winners in Proposed Trump Tax Cuts Historic tax cuts for American small businesses could be just around the corner. In an announcement at the White House today, Treasury…

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