Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images The last time Tesla shareholders had a month like this, the electric vehicle maker was delivering fewer than 5,000 cars a quarter. Now, the number is […]
Archives for January 2020
Editor’s Comment: The St James’s Place juggernaut
The mighty St James’s Place juggernaut seems to defy negative forces as the number of advisers working for it grows and grows. Despite plenty of negative publicity in recent months and questions about staff incentives and high charges, the SJP model grows like topsy. The latest quarterly figures show it added more than 300 new […]
Amazon to invest $1 billion to digitise MSMes in India
Amazon has reiterated its pledge to invest $1 billion to digitise 10 million traders and micro, medium and small enterprises (MSMEs) in India. The US-based ecommerce behemoth said the investment will enable $10 billion in cumulative exports from the country by 2025, a goal announced by CEO Jeff Bezos during his visit to India earlier […]
Investment Risks and How to deal with them
With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […]
Investment Risks and How to deal with them
With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […]
Asia’s U.S. oil imports to rebound in May after freight rates drop -sources
SINGAPORE (Reuters) – Asia’s crude oil imports from the United States are set to rebound in May after freight rates for ships to carry U.S. crude to north Asia fell by 27% from a week earlier, trade and shipping sources said on Friday. A rise in Asia’s oil imports from the United States could displace […]
Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%
Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years. Shares soared as much as 13% in after-hours trade, putting the online retailer back in the $1 trillion (761 […]
Tax social media giants, ecommerce firms: SJM
The Swadeshi Jagran Manch (SJM) has strongly recommended that the Centre bring foreign-run social media giants, ecommerce companies, giant foreign software companies and large taxi and travel aggregators under the tax net in the upcoming Budget, to meet its revenue shortfall. SJM is an influential RSS affiliate whose imprint is increasingly found on a number […]
Facebook to pay $550 million in biometric privacy accord
Facebook will pay $550 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in US history, according to a statement on Wednesday by lawyers for consumers. The accord, which requires a judge’s approval, will avert a trial that may have exposed the social networking company […]
Flipkart scouts for land to develop campus to house all its businesses
Walmart-owned Flipkart is looking for a new address. India’s largest online retail platform is scouting for land to develop a campus that will house all its businesses, according to realtors and industry officials. The project is expected to cost Rs 1,500 crore. One of Bengaluru’s oldest realtors said he was given a brief by Flipkart […]