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Shadow

Category: Business

Amazon offering its Prime members who use its Visa rewards card 5% cash back
Business 

Amazon offering its Prime members who use its Visa rewards card 5% cash back

February 20, 2018 by Aruna Bhayana

Amazon is putting forth Prime members who utilize its Visa rewards card 5% money back when they shop at Whole Foods, the company said Tuesday. The U.S. web-based e-commerce titan launched the Amazon Rewards Visa Card a year ago. Prime members in…

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JD.com, Chinese e-commerce giant to raise $2.5 billion for a stake in its logistics business
Business 

JD.com, Chinese e-commerce giant to raise $2.5 billion for a stake in its logistics business

February 14, 2018 by Aruna Bhayana

JD.com said it had raised $2.5 billion by offering a stake in its logistics business, which it will use to put resources into new advancements like automatons and apply autonomy. The Chinese online business monster said in an announcement Wednesday that it…

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Xiaomi Redmi Note 5 and Mi LED TV launched in India
Business Technology 

Xiaomi Redmi Note 5 and Mi LED TV launched in India

February 14, 2018 by Aadyot Basu

Xiaomi has declared the Redmi Note 5 and the Redmi Note 5 in India at a starting price of Rs 9,999 and Rs 13,999 separately. The smartphones come as successors to Xiaomi’s best offering cell phone in India, the Redmi Note 4….

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Uber’s loss jumped to $4.5 Billion in 2017
Business 

Uber’s loss jumped to $4.5 Billion in 2017

February 14, 2018 by Aruna Bhayana

Uber has quite recently uncovered its final quarter money related outcomes, which demonstrate that the taxi organisation’s misfortune bounced 61% in 2017. The organization lost $4.5 billion a year ago, up from $2.8 billion out of 2016, as indicated by figures initially…

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Brian Niccol named Chipotle’s new CEO
Business 

Brian Niccol named Chipotle’s new CEO

February 14, 2018 by Aruna Bhayana

Chipotle Mexican Grill has named a new CEO as it looks for a turnaround after a series of incidents related to food safety. The burrito chain said Brian Niccol, who was most as of late CEO at Taco Bell, will begin in…

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Amazon cutting hundreds of positions
Business 

Amazon cutting hundreds of positions

February 14, 2018 by Aruna Bhayana

Amazon is cutting many positions at its headquarters and global operations, a move that comes after several years of significant development. The cuts were first revealed by the Seattle Times, which said the actions are centered around streamlining the association’s purchaser retail…

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Foodpanda planning to invest Rs.400 crore to solidify delivery network
Business Technology 

Foodpanda planning to invest Rs.400 crore to solidify delivery network

February 13, 2018 by Aadyot Basu

Online food ordering and delivery platform Foodpanda India today said it plans to invest Rs 400 crore to scale up technology to ensure seamless experience across the nation. The company also said that it plans to enlist 25,000 delivery riders in the…

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Barclays Bank PLC being charged over Qatar loans
Business Finance 

Barclays Bank PLC being charged over Qatar loans

February 13, 2018 by Admin

The Serious Fraud Office (SFO) has charged Barclays Bank PLC with “unlawful financial help” identified with billions of pounds brought from Qatari investors up in 2008. Similar charges were purchased against Barclays PLC in June a year ago. The move to charge…

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RBS nears financial crisis settlement with UK, US authorities
Business Finance 

RBS nears financial crisis settlement with UK, US authorities

February 13, 2018 by Admin

One of the last fines for banks associated with the financial crisis appears to close determination. High-level talks including the U.K. Treasury and U.S. Justice Department recently planned to determine a punishment for Royal Bank of Scotland, in the midst of inquiries…

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CEO Moynihan’s 2017 incentive compensation approved by the Bank of America board
Business 

CEO Moynihan’s 2017 incentive compensation approved by the Bank of America board

February 12, 2018 by Aruna Bhayana

Bank of America said on Friday its board had affirmed CEO Brian Moynihan’s incentive compensation pay for 2017. Moynihan’s 2017 equity incentive award has been raised from being $18.5 million in 2016 to $21.5 million. In any case, he got no money…

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