Walmart Inc has led a $1.2 billion investment in Flipkart Group, valuing the company at $24.9 billion, about 19% higher than when it sold a majority stake to the US retail behemoth. A group of existing shareholders also participated in the round, Walmart said in a statement, adding that the investment would be funded in […]
Archives for 2020
Amazon unveils shopping cart that knows what you’re buying
Amazon has a new cure for long supermarket lines: a smart shopping cart. The cart, which Amazon unveiled on Tuesday, uses cameras, sensors and a scale to automatically detect what shoppers drop in. It keeps a tally and then charges their Amazon account when they leave the store. No cashier is needed. It’s the latest […]
Xero announces winners of inaugural U.S. Forward Fund Scholarship
We are thrilled to announce the recipients of Xero’s first Forward Fund scholarship for students pursuing careers in accounting. The winners – Jinhua Johnson of the University of Washington, Brody Mandelbaum of the University of Florida, and Mwaka Namfukwe of Eastern Michigan University – each received a $10,000 USD scholarship to apply to tuition or […]
Introducing our inaugural 2020 Xero Forward Fund scholarship winners
At Xero, we’re passionate about helping the accounting community address today’s challenges and take steps to build the future. Today, we announced the first winners of our inaugural Xero Forward Fund scholarship in the United States, recognizing three outstanding college students who are pursuing accounting careers. We’re thrilled to introduce you to Jinhua Johnson, Brody […]
Google in advanced talks to buy a stake in Jio Platforms
Google is in advanced talks to buy a stake in Reliance Industries’ telecom and digital unit Jio Platforms, people aware of the discussions said. If a deal is finalised, this would be a rare instance of two FANG — Facebook, Apple, Netflix, Google — companies investing in one firm, they said. Facebook had kicked off […]
Tesla cuts Model Y price and cancels standard range version
The new Tesla Model Y is introduced. Tesla has expanded its model range to include an SUV based on the current Model 3. Hannes Breustedt | picture alliance | Getty Images Tesla cut the price of its newest offering, the Model Y, by $3,000, just four months after starting deliveries to customers. On Sunday, CEO […]
We are committed to recognise local talent and entrepreneurial ventures in India: Sundar Pichai
At 48, Sundar Pichai is amongst the world’s youngest technology titans and also one of the highest paid. The India-born CEO of Alphabet Inc (with a market cap of $1.5 trillion) is now setting his sights on expanding Google’s footprint in the world’s fifth largest economy. In an exclusive interview with ET’s Surabhi Agarwal & […]
Ecomm, logistics firms bring back blue-collar jobs
Blue-collar job openings saw an uptick in sectors like ecommerce and logistics, according to HR consultancies which expect a further spike to come about as companies prepare to cater to the festive season demand. The vacant positions are mostly across roles in warehouse management, packaging, sorting, security and delivery, among others. Staffing firm Teamlease said […]
Inside Edward Jones’ digital plan to reach 10 million clients
There were some hard questions Frank LaQuinta had to answer when he took charge of Edward Jones’ information systems division in 2018. What tech is best for financial advisors to grow their business while keeping data safe from cybercriminals? What next-generation tools will planners need tomorrow? And do they have what they need to stay […]
Remote work after the pandemic
The dramatic rise of remote work in response to the coronavirus pandemic may have lasting effects on the number of employees who wish to work from home. Even as offices reopen, organizations shouldn’t expect everything to return to normal. Although some employees may be eager to return to in-person collaboration with their colleagues, others may […]