FedEx and UPS are battling for business, particularly targeting smaller customers in the face of a challenging holiday season, reports the Wall Street Journal. The issue at hand is that the peak shipping period from Black Friday to December 31 has been shortened by five days this year due to a later Thanksgiving. Experts expect…
NEW DELHI: Abhinandan Lodha, who brought the concept of buying land online to India, is now expanding his footprint to North India also and will invest Rs 3,000 crore on developing plots in six new destinations — Amritsar, Vrindavan, Banaras, Shimla, Nagpur and Khapoli (midway on Mumbai-Lonavala). The House of Abhinandan Lodha (HoBL) will develop…
The Federal Trade Commission banned businesses from writing and buying their own reviews in an August ruling. Now, it’s alleging that a customer review site, Sitejabber, published “misleading” ratings and reviews on behalf of the 130,000 businesses on its platform. The FTC’s proposed order would stop Sitejabber from “misrepresenting” customer ratings and reviews “in the…
Japanese automaker Nissan reported a loss on Thursday for the fiscal quarter, leading the company to announce it is cutting 9,000 people, around 6% of its workforce. Nissan models did not sell well in the U.S. last quarter. Makoto Uchida, Nissan’s CEO, told reporters that he is taking the situation “very seriously,” according to the…
On Thursday, the Federal Reserve’s Federal Open Market Committee (FOMC) announced that it would lower the federal funds rate by 25 basis points (bps), or 0.25%, because of “somewhat elevated” inflation and an unemployment rate that “moved up but remains low.” The rate is now 4.5% to 4.75%, down from 4.75% to 5%. A lower…
On Election Day, an anonymous trader called the “Trump whale” got lucky. Or maybe it was more than luck. Not only did he predict that Donald Trump would win the presidency, but he also bet big that Trump would win the popular vote and triumph in Pennsylvania, Michigan, and Wisconsin. Related: Here’s How Donald Trump’s…
IFC, a member of the World Bank Group, has committed $ 400 million (about Rs 3,300 crore) to help expand access to finance for customers opting to buy EVs and energy efficient consumer goods as well as support women-owned microenterprises. This $ 400 million support is part of the $ 1 billion fundraising exercise by…
Nvidia passed Apple on Tuesday to claim the top spot as the biggest company in the world with a market cap of $3.43 trillion to Apple’s $3.38 trillion. At the time of writing, Nvidia had a market cap of $3.584 trillion, higher than Apple’s $3.389 trillion and Microsoft’s $3.102 trillion. Apple and Microsoft are currently…
On January 2, Amazon’s 350,000 corporate employees will have to return to the office five days a week instead of working a hybrid schedule. After the announcement, employees speculated that the mandate was a way to get them to quit without formal layoffs, but Amazon CEO Andy Jassy reassured employees at an all-hands meeting Tuesday…
India stands to potentially benefit from this situation, with improved prospects for Foreign Portfolio Investment. US election results: Republican candidate Donald Trump is projected to defeat Democrat candidate Kamala Harris in the US presidential elections, as per the latest counting trends. Indian equity markets have responded positively to Trump’s potential win. But what will the…
