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After Amazon clocks $400 mn festive season sales, Flipkart $850 mn, Amazon.com pumps in $250 mn in India arm

After Amazon clocks $400 mn festive season sales, Flipkart $850 mn, Amazon.com pumps in $250 mn in India arm

Global e-commerce giant Amazon.com has infused Rs 1,620 crore, or $250 million, into the Indian marketplace arm of operations — Amazon Seller Services, according to the company’s filing with the registrar of companies.

Diwali 2017 offers: Cleartrip, Paytm, other travel portals see surge in festive season hotels, flights bookings
Diwali 2017 offers: Cleartrip, Paytm, other travel portals see surge in festive season hotels, flights bookings

The other travel start-ups like Goomo and Travkart have seen flight bookings increase by 24% and 20%, respectively. Online hotel aggregator OYO’s data shows a 40% rise in hotel bookings, while Cleartrip has seen a 90% increase, year-on-year, this Diwali.

IRCTC gets big relief from Finance Ministry on losses from online ticket bookings
IRCTC gets big relief from Finance Ministry on losses from online ticket bookings

The government plans to list at least three other railway PSUs — Indian Railways Finance Corporation, Ircon International and RITES — within the current financial year. The valuation of IRCTC has dipped as its main source of income was cut without an alternative mechanism in place.

Fire breaks out at PMO; top developments so far
Fire breaks out at PMO; top developments so far

A fire broke out at the Prime Minister's Office (PMO) in the wee hours of Tuesday, according to reports. It has been learnt that the fire broke out in Room No. 242 at around 3.35 AM.

Oil prices firm as Iraq tensions escalate, shares extend rally
Oil prices firm as Iraq tensions escalate, shares extend rally

Oil prices held firm on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares look set to extend their bull run on optimism about upcoming earnings.

Diwali 2017: Dhanteras gold sales may shine but only for this segment, bleak festive season for rest
Diwali 2017: Dhanteras gold sales may shine but only for this segment, bleak festive season for rest

Rural disposable incomes haven’t quite picked up, thanks to subdued prices of many farm items. On top of that, compliance requirements after the GST launch are weighing on small jewellers – most of them had been operating in an opaque environment for ages.

Gujarat Assembly Elections 2017: Election Commission could have announced polls dates together, says former CEC T S Krishnamurthy
Gujarat Assembly Elections 2017: Election Commission could have announced polls dates together, says former CEC T S Krishnamurthy

Gujarat Assembly Elections 2017: A political slugfest has already erupted between BJP and Congress over the Election Commission's decision not to announce simultaneous assembly elections in Gujarat and Himachal Pradesh. Now former Chief Election Commissioner (CEC) T S Krishnamurthy has said that was an 'avoidable controversy'.

SCIENCE

How NASA plans to protect Mars crew from space radiation
How NASA plans to protect Mars crew from space radiation

While it's true that space radiation is one of the biggest challenges for a human journey to Mars, NASA said it is developing technologies and countermeasures to ensure a safe and successful journey to the red planet.

Horoscope: By Peter Vidal

Today ( 17 Oct )This Week ( 15 Oct - 21 Oct )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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