Wellness Financial News

Amazon, saying the company secretly stopped providing its fastest delivery service to residents who live in two predominantly Black Washington neighborhoods but is still charging residents millions of dollars for a service that provides speedy deliveries. The complaint, filed Wednesday in District of Columbia Superior Court, revolves around Amazon's Prime membership service, which charges consumers $139 per year or $14.99 per month for fast deliveries — including one-day, two-day and same-day shipments — as well as other benefits. In mid-2022, the lawsuit says, the Seattle-based online retailer imposed what it called a delivery «exclusion» on two zip codes in the district — 20019 and 20020 — and began relying exclusively on third-party delivery services such as UPS and the US Postal Service, rather than its own delivery systems.

Rahul Bothra, CFO, and Sriharsha Majety, MD & Group CEO, Swiggy, in conversation with ET Now post announcement of Q2 results. Bothra says while some of Swiggy competitors have been raising funds, that is mostly defensive capital. Swiggy has a very strong balance sheet with Rs 8,000 crore plus cash balance existing with us. They have a profitable food delivery business that continues to accrue cash into the treasury and the quick commerce business, which is expected to turn profitable in six to seven quarters and for which they have a substantial cash balance. So, there are no near-term fundraising plans. On the overall consolidated EBITDA loss and the net loss, which has widened on a sequential basis, what is adding to the pressure on the bottom line and when can we expect the loss to start narrowing? Rahul Bothra: If you look at our overall numbers, we have improved our adjusted EBITDA by 30% in our B2C GOV businesses over the last year with an improvement of Rs 147 crore.

Subscribe to enjoy similar stories. SEOUL—A day after declaring martial law, South Korea’s president is now facing the prospect of impeachment, creating more political instability for a close U.S. ally.

«I would simply say in conclusion that Donald Trump does not like a strong dollar. When he talks about the dollar, he says he would want it to go down. So, if it does keep going up, I think that he would not like that very much,» says Mark Matthews, Julius Baer. What looks like a buy America, sell emerging market trade looks like it is reversing. In last couple of days, emerging markets and especially India, they have made a comeback. So, do you think the transition what we saw after Donald Trump got elected, that long dollar trade, is that getting over? Is that getting rusty? Mark Matthews: Hard to say. There are so many moving parts to this incoming administration. But on a fair value purchasing power basis, the dollar is slightly overvalued. So, fundamentally, it should not go up anymore. But if this Trump administration really ignites the animal spirits of the US economy, if they remove sanctions, which they may do, which would attract more buying of treasuries, and if they introduce tariffs, all of that would conspire to the dollar going up more.

When SmileDirectClub shut down a year ago, scores of existing customers of the teeth-straightening company were left in limbo

It is an ambitious social experiment of our moment in history

Subscribe to enjoy similar stories. It’s just over 2pm. There is very little traffic on the street where I live.

Reliance Industries (RIL) is ending 2024 on a muted note and is down about 18% from its July peak as investors fear that the quick commerce disruption may impact billionaire Mukesh Ambani's ambitions in retail business. While refining margins, which fell sharply from June, have rebounded on the O2C side of the conglomerate’s business, Reliance Retail (RR) growth continues to disappoint and brokerages are reluctant to give it a premium valuation against other retail peers on lower near-term growth, real estate costs and capex intensity.

Subscribe to enjoy similar stories. One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So if GDP growth in the second quarter of 2024-25 surprised on the downside at 5.4%, the lowest in the last seven quarters, 2023-24 was a different story altogether, with second-quarter growth clocking 8.1%.

Subscribe to enjoy similar stories. The Federal Reserve has slowed inflation, but many Americans continue to pay a high price for the cumulative inflationary consequences of excessive monetary and fiscal stimulus. We wrote in these pages in February 2021 that, based on history, high deficits combined with expansive monetary policy would trigger accelerating inflation.

equity markets, our NRI clients have raised some concerns about the near to medium term outlook for Indian assets in their portfolio,” says Samir Bahl, CEO — Investment Banking, Anand Rathi Advisors. In an interview with ETMarkets, Bahl said: “Over the long term, we strongly believe that the India story is going to play out very well with aggressive reforms expected to be pushed through by the government” Edited excerpts:

Girija Shankar Ray, Vice President Equity Research, Yes Securities, says among top picks within the cement sector, ACC can be recommended. The second one is Shree Cement. These two companies are going to do well, even though there is trouble in the industry right now. A lot of cost initiative programmes are going to happen. But for UltraTech and Ambuja, valuations are higher and for Ambuja, whatever acquisitions they have done, it is going to ultimately benefit ACC. So, ACC is his top pick. Ambuja will have a sell rating, as will UltraTech because it has very high valuations. One can add Birla Corp, Dalmia in their portfolio. There are reports doing rounds that there has been a price hike of almost Rs 10 to Rs 30 taken in December so far. What are your channel checks suggesting? Is that something that you are picking up as well? Girija Shankar Ray: So, yes, in November, a price hike was what the Street and the dealers and distributors were expecting for cement, but there was no price hike. In fact, in October and November, on a month-on-month basis, the prices are flattish. The prices are five years below the line right now. And the major impact was in southern regions. In the north and eastern regions, prices are more or less stable. In the other three regions, the prices have actually declined. There was a sharp correction. I believe the prices have bottomed out.

Subscribe to enjoy similar stories. Poor roads. Traffic jams.

Subscribe to enjoy similar stories. New Delhi: The Centre’s failure in appointing proposed self-regulatory bodies (SRBs) for the online gaming sector has left the industry in limbo, with small firms struggling to get investors and large ones innovating without any legal guardrails to try and rope in more paying consumers.

Subscribe to enjoy similar stories. Over the past month, we have witnessed a significant correction in Nifty50, marking the first double-digit correction in the last four years. During this period, many mid- and small-cap stocks have seen sharp declines of over 50%, which, although common during corrections, is concerning when it affects frontline stocks.

Over the next two nights, Canadians will have two stabs at becoming multi-millionaires as both Lotto Max and Lotto 6/49 have massive jackpots up for grabs.

AT&T anticipates earnings growth over the next three years thanks to the momentum of 5G and fiber services

The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled

During a 2018 appearance on The Late Late Show with James Corden, both stars reminisced about their first phone call. Diddy revealed, “I gave him a call one day and I said, ‘I heard that you’re gonna punk me and I just don’t think that’s a good idea.’” Ashton responded, “If you do that, that will not end well for you. But I think we should work out a deal.” This early interaction set the tone for a dynamic relationship that would span decades.

External Affairs Minister S Jaishankar said the disengagement of troops has been achieved in «full» in eastern Ladakh through a step-by-step process, culminating in Depsang and Demchok, and India now expects the commencement of talks on remaining issues that it had placed on the agenda. India was and it remained very clear that the three key principles must be observed in all circumstances, he said explaining: «one: both sides should strictly respect and observe the Line of Actual Control (LAC), two: neither side should attempt to unilaterally alter the status quo, and three: agreements and understandings reached in the past must be fully abided by in their entirety».

Subscribe to enjoy similar stories. Bengaluru: Of late, one corner of Chakan, an automobile and manufacturing hub, has been seeing a burst of construction activity. On crossing the factories and manufacturing plants of some of the world’s largest automakers, including Mercedes, Volkswagen and Mahindra & Mahindra, the New MIDC Road leads to a 100-acre site.