Amazon seen squeezing Instacart in Whole Foods delivery push

Amazon seen squeezing Instacart in Whole Foods delivery push

When Amazon bought Whole Foods last year, it was widely assumed that the e-commerce giant would begin delivering Whole Foods groceries itself. Photo: Reuters San Francisco:For years, customers of the Whole Foods store on Ocean Avenue in San Francisco’s Ingleside...
read more
Budget 2018: LTCG tax seen impeding mutual fund investments

Budget 2018: LTCG tax seen impeding mutual fund investments

Budget 2018 also proposed to introduce 10% LTCG tax on gains accruing from equity and mutual fund investments exceeding Rs1 lakh per annum. Photo: iStockphoto Mumbai: The government’s move to impose tax on long-term capital gains tax, or LTCG tax, as...
read more
Bitcoin should not be seen as a way to evade tax: Unocoin founder

Bitcoin should not be seen as a way to evade tax: Unocoin founder

Bitcoin may be in for a “correction” in terms of its price in the first or second quarter of 2018 but will end the year selling at a higher rate, according to the Indo-Canadian co-founder of Indian Bitcoin company Unocoin....
read more
California wildfires: Flames seen from space

California wildfires: Flames seen from space

Six large wildfires, and other smaller blazes, have erupted since Monday. About 500 buildings have been destroyed. Satellite imagery taken on 5 December shows how the fires took hold – driven by extreme weather, including low humidity, high winds and...
read more
Haven’t heard, seen massive layoffs in IT sector: Infosys co-founder

Haven’t heard, seen massive layoffs in IT sector: Infosys co-founder

The opportunities for new recruitment and promotions have shrunk in India’s IT industry, a phenomenon natural when growth slows down, says an industry expert, who sees no merit in reports about massive layoffs. The growth rate has definitely slowed down...
read more
GDP Growth Seen Slowing To 7.2% In March Quarter, Recovery Ahead: Nomura

GDP Growth Seen Slowing To 7.2% In March Quarter, Recovery Ahead: Nomura

New Delhi: GDP growth is expected to slow to 7.2 per cent in January-March from 7.6 per cent in the preceding quarter, but recovery is on the cards due to easier financial conditions, according to a report by Japanese financial...
read more