Former U.S. Rep. Chris Collins (R-NY) exits federal court on October 1, 2019 in New York City. Drew Angerer | Getty Images Disgraced former Rep. Chris Collins is set to be sentenced Friday in the insider-trading case that led him to give up his seat in Congress. U.S. Judge Vernon Broderick is scheduled to deliver […]
Archives for January 2020
How worried should Amazon’s Jeff Bezos be about India?
By Andy Mukherjee Jeff Bezos is in India at an awkward moment. Just before his visit, the country’s antitrust authority ordered a probe into the business practices of its two main American-owned shopping websites. One of them is his.How worried should the Amazon boss be? If the Competition Commission’s recently released study on e-commerce is […]
Editor’s Comment: So is it all over for the robo-advisers?
I remember a few years back when I worked at another media business that we had a presentation from a senior bod about the exciting technological future awaiting the company. I recall a couple of things from the presentation, one was that the screen for his PowerPoint presentation almost collapsed at the beginning, causing […]
Amazon aims to create 1 million jobs by 2025
Amazon said it’s looking to create 1 million new direct and indirect jobs in India by 2025, a day after industry and commerce minister Piyush Goyal said the world’s largest online retailer wasn’t doing any favours by investing $1 billion in the country. The jobs will be in areas such as information technology, infrastructure, logistics […]
Audit: Franklin schools’ accounting in good shape – Wakeweekly
By Chris L. Harris Special to The Wake Weekly LOUISBURG — After a presentation from accounting firm Dixon Hughes Goodman on Monday, the Franklin County Board of Education unanimously approved accepting the results of a finalized financial audit relating to the 2018-19 fiscal year. Tyler Baity, a senior assurance manager with the firm, presented what […]
RBI New rules to enhance security of Credit and Debit Cards – How it impacts you?
There has been consistent increase in the usage of credit and debit card transactions both for online and in-store purchases. This has also led to surge in frauds related to these card transactions. To counter these cards related fraud and to enhance customer control over transactions RBI has proposed following rules. For New Cards or […]
Paytm plans to scale up its online lending business
Digital payments player Paytm is planning to take its online lending business across the country later this year as it looks to make it a major income stream. Last year in July, Paytm partnered with Clix Capital to offer loans as a deferred payment option for consumers and to merchants as credit lines. Paytm’s senior […]
MNCs, India Inc put off by Piyush Goyal’s remark on Amazon
Top executives at several multinational and Indian companies on Thursday took umbrage at commerce minister Piyush Goyal’s comment that Amazon was not doing any favour to India by announcing a fresh $1 billion investment in the country. “Until now it used to be a matter of pride to announce such big investments into India,” said […]
E-comm returns and refunds: Online vs Offline
A policy to protect consumers who shop online may be on the anvil, but a survey by community platform LocalCircles has revealed that twice as many consumers find it easier to return products bought online than those bought offline. According to the survey, which received 41,000 responses, 45% of respondents picked ecommerce as the easier […]
Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
Walmart-owned e-commerce company Flipkart has started a pilot project in Hyderabad to deliver fresh fruits and vegetables in partnership with vendors on its marketplace, three people directly aware of the matter told ET. This has come at a time when the homegrown e-tailer waits for internal processes to be complete before it applies for a […]