Bloomberg

Amazon vs Reliance: Jeff Bezos losing out to Mukesh Ambani as e-comm rules change

On cue, India this month rolled out constraints on foreign e-commerce players, including Jeff Bezos-led Amazon and Walmart-owned Flipkart, which together control 70% of its online shopping.

Amazon vs Reliance, Jeff Bezos, Mukesh Ambani, ecommerce, flipkaet, amazon, walmart, ecommmerce rules News

How Bezos lost out to billionaire Ambani in poll-bound India

Ambani wants his consumer offerings -- covering telecom, fiber-to-home broadband, media and entertainment, and retail -- to contribute nearly as much to the conglomerate’s overall earnings as its bread-and-butter energy and

reliance retail gets position in top 100 retail companies of the world Deloitte’s list  News

Domino’s ने ग्राहकों को नहीं दिया 41 करोड़ की GST कटौती का फायदा, अब भरना पड़ सकता है जुर्माना

नेशनल एंटी-प्रॉफिटियरिंग अथॉरिटी (NAA) ने जांच में पाया कि देश की सबसे बड़ी फूड सर्विस कं

jfl, Jubilant FoodWorks, Domino’s Pizza, GST Benefit, Domino’s Pizza GST Benefit, penalty on Jubilant FoodWorks, penalty on Domino’s Pizza, naa, National Anti-Profiteering Authority, gst rate reduction, News

Binny Bansal speaks up! Here’s what Flipkart founder has to say after Walmart ouster

Bansal, who still holds 4 percent of Flipkart and a board seat, has since kept a low profile.

Industry News

Oil prices slide as US reserves swell, factory orders disappoint

The Organization of Petroleum Exporting Countries’ output fell the most in two years in January, according to a Bloomberg survey of officials, analysts and ship-tracking data. Meanwhile, Venezuelan oil exports fell to 1.11

Markets News

Netflix may be among Apple buyout targets

Netflix was deemed “the best strategic fit” for Apple in the content category, “although we appreciate a combination is less likely as Netflix is unlikely to be a seller for a modest premium.” The video-streaming gian

Industry News

Digital edge: Gillette’s newest rival is sleek, disruptive—and now in Target

Razors dominated the first round of grooming disruption from plucky upstarts and subscription blade re-fill services, but Flamingo says 70 percent of women use more than one method to remove hair.

Gillette, Flamingo, Flamingo products, Target Corp, hair removal, hair removal products, Procter & Gamble Co, Gillette Venus razors, technology news

Elon Musk’s Tesla to buy battery-tech firm Maxwell for $218 million in stock

Tesla shares wiped out their premarket gains and were down less than 1 percent to $311.90 in early trading after the announcement. Maxwell shares were halted on the news.

tesla, uk, brexit News

Slippery ground: Sony sees biggest drop since 2015 on weaker playStation business

Yoshida has so far rebuffed pressure to sell off the unit, saying it is vital for pushing innovation including 5G-related research.

Markets News

28 perfect dates around the world, from Miami to Milan

Call ahead for bookings; some details may have become outdated, but the ideas will stand the test of time.

Lifestyle News

Oil holds gains on signs of shale slowdown as OPEC output falls

Any transactions with PDVSA, or any entity in which it has a controlling stake, involving U.S. citizens, or passing through the country’s financial system, must be wound down by April 28, the Treasury said.

Markets News

Gold is one wealth fund’s refuge in world gripped by turmoil

All of the gold Sofaz buys overseas is transported to Azerbaijan to be stored in its new building on Baku’s Heydar Aliyev Avenue.

Commodities News

Feared or Celebrated, Amazon Alexa is star of Super Bowl ads

The ad featured rejected ideas for the technology -- including a microwave, dog collar and hot tub -- and even depicted a massive power outage triggered by Alexa.

Industry News

India’s silicon valley talent losing momentum? More workers doubt Sundar Pichai’s vision for Google

While the survey findings are still mostly positive, the declines are a worrying shift for Google

Industry News

Oil prices: How Donald Trump plays havoc with OPEC policy

The surge and then crash in oil prices in the second half of last year is a case in point.

Markets News

Gulf crisis brewing: Cash-strapped Oman may be next blowout after Bahrain

At around 7 percent, the sultanate’s 2028 bond yields about 40 basis points more than Bahrain’s debt of similar maturity -- even though Oman is rated two levels higher at BB+ by Fitch.

economy, Gulf crisis brewing, cash strapped oman, Fisch Asset Management AG, Federated Investors U.K., Fiscal Gap News

String dollar puts chill on earnings that may worsen in spring

A slumping dollar in 2019 became a popular market call for many Wall Street strategists at the end of last year, and last week’s dovish message from the Federal Reserve has bolstered the case to some degree. However, it’s

Markets News

Asia stocks having a bear-market bounce, says JPMorgan Asset

Among Asian equities, Yeo prefers China, Korea and Indonesia and remains cautious on India and the Philippines. Emerging markets are likely to outperform their developed counterparts in a risk-on environment because of their

Markets News

Blackstone buys Wadhawan unit as Indian firm looks to cut debt

Wadhawan Global sold its 70 percent holding in Aadhar Housing Finance Ltd., it said in a statement on Saturday. Its unit Dewan Housing Finance Corp. also sold its 9.2 percent Aadhar stake as part of the same transaction.

Industry News

Apple apologizes for FaceTime bug, says fix due next week

In an era when technology companies are coming under increasing scrutiny for privacy violations, New York officials seized on Apple’s disclosure and said they will investigate the company’s failure to warn consumers about

Industry News

Net Neutrality advocates seeking rule revival get day in court

After the election of President Donald Trump, the FCC gained a Republican majority and in 2017 tossed out regulations the agency had put in place two years earlier when overseen by a Democratic chairman.

Industry News

Facebook loses fact-checking group snopes after two years

Snopes’ contract with Facebook was worth $100,000 in 2017, but was far more valuable than that for Facebook, which frequently touted its fact-checking partners as helping combat the fake news problem on its site.

Facebook loses fact-checking group snopes after two years News

Google talent advantage erodes as more workers doubt CEO Sundar Pichai’s vision

While the survey findings are still mostly positive, the declines are a worrying shift for Google, which prides itself on high employee morale, luxurious working conditions and high pay.

Industry News

Apple vs Google: iPhone maker punishes Google by revoking its ability to test apps

Facebook Inc.’s app development was hobbled in a similar way for about 24 hours, a sign that Apple is wielding power as operator of the most-lucrative U.S. app store to push its approach to user privacy.

Industry News

Amazon shares fall on tepid Q1 sales forecast, concerns about rising costs, India growth

Sales will be $56 billion to $60 billion in the current period, the company said Thursday, compared with analysts’ average estimate of $61 billion.

Markets News

Facebook, Twitter took down a wave of political manipulation

Facebook Inc. and Twitter Inc. have been sharing notes on fake accounts tied to Iran that have been trying to manipulate political thought around the world, leading to another wave of takedowns by the social-media sites.

facebook , twitter News

Amazon mystery: Where did all the growth go?

The company said Thursday that its fourth-quarter revenue rose nearly 20 percent from a year earlier, which topped analysts’ expectations but was still the weakest growth since early 2015.

Amazon mystery: Where did all the growth go?
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