India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. The government discussions coincide with a growing number of complaints from India’s brick-and-mortar retailers, which have for years accused Amazon
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Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report fourth-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: 55 cents a share, 26% lower than the year-earlier period, according to Refinitiv. Revenue: $20.7 billion, 8.1% lower than
Snow lies in front of the entrance to the Garmisch-Partenkirchen hospital. A possibly new variant of the coronavirus has been discovered at the Garmisch-Partenkirchen hospital. Samples are currently being examined at the Charité hospital in Berlin, the hospital announced on Monday. picture alliance | picture alliance | Getty Images Germany is the latest country to
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images LONDON — Financial technology start-up Plaid plans to more than double its European workforce this year, even after scrapping a deal to be acquired
Karnataka has sought more funds from the Centre for investments in Bengaluru’s infrastructure projects such as metro rail, sub-urban rail, road transport etc. Bengaluru is one of the largest contributors to India’s economy. The city requires huge investments, home minister Basavaraj Bommai said at a pre-budget interaction with finance minister Nirmala Sitharaman. The home minister
A traveler exits a testing center at Heathrow Airport on January 17, 2021 in London. Hollie Adams | Getty Images News | Getty Images The incoming Biden administration on Monday said it won’t lift an entry ban on most visitors from Europe, the U.K. and Brazil, shortly after President Donald Trump ordered an end to
A person walks past a Microsoft logo at the Microsoft office in Beijing, China August 4, 2020. Thomas Peter | Reuters BEIJING — Foreigners put more of their money in China last year as the country’s size and growth stood out in a world still trying to manage the coronavirus pandemic. In the capital city
British Prime Minister Margaret Thatcher famously said that there is no such thing as public money, only taxpayers’ money. Every Union budget is important not because it presents GoI’s accounts, an otherwise boring exercise, but because it is a statement of how the government is managing our — the taxpayers’ — money. Often, it is
New York Governor Andrew Cuomo delivers remarks on the coronavirus disease (COVID-19) at the Riverside Church in Manhattan, New York City, U.S., November 15, 2020. Andrew Kelly | Reuters New York Gov. Andrew Cuomo asked Pfizer CEO Albert Bourla Monday for the ability to buy Covid-19 vaccine doses directly from the company. But the company
Martin Luther King Jr. Day is more than a day of celebration of the civil rights leader. As King’s wife Coretta Scott wrote in The Washington Post in 1983, “Let this holiday be a day of reflection, a day of teaching non-violent philosophy and strategy, a day of getting involved in non-violent action for social
Once president-elect Joe Biden is inaugurated on Jan. 20, free college could finally become a reality. “With the makeup of this Congress, I am very optimistic that this will be on the agenda,” said Morley Winograd, president and CEO of the Campaign for Free College Tuition. “The only person more passionate about this is first lady Jill Biden.” On the
The Indian Staffing Federation has asked the government to lower goods and services tax on staffing companies from the current 18% to 5% besides seeking separate industry status for the sector to help them avail certain special privileges. “Staffing companies generate employment and in a majority of the cases these are low-level jobs with average
Healthcare workers administer the COVID-19 vaccine to residents living in the Jackson Heights neighborhood at St. Johns Missionary Baptist Church on January 10, 2021 in Tampa, Florida. Octavio Jones | Getty Images LONDON — The head of the World Health Organization said Monday the equitable distribution of coronavirus vaccines is at “serious risk.” Warning of
NEW DELHI: The Centre aims to complete awarding of projects envisaged under Bharatmala, its flagship highways development programme, by 2023. The first phase of the Bharatmala scheme approved in 2017 includes construction of 24,800 km of national highways, in addition to 10,000 km of balance road works under the National Highways Development Programme (NHDP). The
Employees working on a dry-type transformer production line at an electrical production factory in Haian, in eastern China’s Jiangsu province on Jan. 4, 2021. Stringer | AFP | Getty Images BEIJING — China reported GDP rose 2.3% last year as the world struggled to contain the coronavirus pandemic. Gross domestic product grew by 6.5% in the
New Delhi: The upcoming budget could unveil a new and continuous framework for faster resolution of disputes over direct taxes. The government is considering options such as mediation or a permanent dispute resolution system with pre-specified benchmarks on the lines of the ‘Vivad Se Vishwas’ scheme have been discussed, a person familiar to the pre-budget
Rochelle Walensky, who has been nominated to serve as director of the Centers for Disease Control and Prevention, speaks after US President-elect Joe Biden announced his team tasked with dealing with the Covid-19 pandemic at The Queen in Wilmington, Delaware on December 8, 2020. Jim Watson | AFP | Getty Images President-elect Joe Biden‘s top
Jernessa Jones, 39, and her son Kyan Blair, 5, at graduation. Jones graduated with her master’s degree in business administration at the same time Blair graduated from preschool. Jernessa Jones’ next financial goal is twofold – to buy a house and begin to build generational wealth for her 5-year-old son, Kyan Blair. In the last
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director
The Indian economy is not recovering as fast as the government claims and the country’s economy may contract 25 per cent in the current financial year, noted economist Arun Kumar said on Sunday. Kumar further said that due to a big decline in the GDP during the current financial year, the budget estimates have gone
Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the central bank seeks to tweak regulatory framework in order to strengthen governance in banks and non-banking financial institutions (NBFCs). These measures are in the pipeline and will be announced over the next few weeks, he added. Source link
Several Democratic governors are criticizing the Trump administration for apparently misleading public health officials about holding a stockpile of Covid-19 vaccines in reserve. Health and Human Services Secretary Alex Azar said on Tuesday that the government would begin releasing doses of vaccine that were being held in “physical reserve” to ensure enough supply for second
Porch Group, an online home services marketplace, hopes to make the relocation process a little less arduous for homebuyers and renters with new acquisitions seeking to expand its offerings. The Seattle-based software maker, which began trading in late December via a blank check shell company, announced Thursday the acquisition of four businesses that it projects
There are numerous benefits of investment in education. It can reduce poverty, enhance equality, improve health, reduce crime, and promote rights, to name a few. A crucial driver that enables these benefits is the link between education and earnings. Even though the roots of this argument lie in the writings of classical economists like Adam
The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images LONDON — A British man who accidentally threw out a hard drive with a trove of bitcoin on it is once again urging local city officials to let him search for it in a landfill site. James Howells, a
Andrea Herrera, president of Amazing Edibles Gourmet Catering and founder of Boxperience Angela Garbot For Andrea Herrera, founder of Amazing Edibles Catering in Chicago, the pandemic has tested her ability to adapt on the fly amid falling revenues. Since last March, the firm shifted from catering weddings and corporate events to providing first-responder meals and
Apple chief executive Tim Cook interacts with Year 2 pupils in a classroom, during a visit to Woodberry Down Community Primary School in Harringay, north London, to view how the school, which is part of the New Wave Federation group of schools, had incorporated Apple’s iPad and related software into lesson plans. Yui Mok |
Angela Weiss | AFP | Getty Images Yet again, the Mega Millions jackpot has catapulted higher. The top prize is now a staggering $850 million — the third-largest in lottery history — following no ticket matching all numbers drawn Friday night. Then there’s Powerball: Its jackpot is an estimated $640 million for Saturday night’s drawing.
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products.
CHENNAI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the central bank remains steadfast to take any further measures as may be required to support growth without compromising on financial stability. Delivering the 39th Palkhivala Memorial Lecture, the governor said the principal objective during the pandemic period was to support economic activity;
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