The U.S. Transportation Department's Office of Inspector General said on Tuesday it will audit the Federal Aviation Administration's (FAA) November decision to unground the Boeing 737 MAX and other agency decisions.

US watchdog will review FAA decision to unground Boeing 737 MAX

Since December 2020, the country's merchandise exports are recording positive growth. In March this year, the exports rose by 60.29% to $34.45 billion.

India's exports to be in positive territory In 2021-22: Commerce ministry

The US Transportation Department`s Office of Inspector General said on Tuesday it will audit the Federal Aviation Administration`s (FAA) November decision to unground the Boeing 737 MAX and other agency decisions. 
 
The 737 MAX was grounded in March 2019 after two crashes in Indonesia and Ethiopia within five months killed 346 people. The FAA approved its return to service after significant safety enhancements developed during the plane`s 20-month grounding. 
 
The new audit will examine the FAA’s actions following the two accidents, including the agency`s risk assessments, the grounding of the aircraft and the subsequent recertification, the inspector general`s office said. Boeing declined to comment. 
 
The inspector general`s office added, "its objective is to evaluate FAA’s processes and procedures for grounding aircraft and implementing corrective actions." 
 
The FAA said it "will cooperate fully with the Inspector General’s audit, as it has with all other outside reviews of the agency’s oversight of the Boeing 737 MAX." 
 
FAA Administrator Steve Dickson told Reuters in November he was "100% confident" in the safety of the 737 MAX. 
 
The FAA imposed new training requirements to deal with a key safety system called MICAS that was blamed for the two fatal crashes as well as significant new safeguards and other software changes to ensure the system does not erroneously activate. 
 
The inspector general issued two prior reports on the 737 MAX including one in February that outlined "weaknesses" in the FAA`s certification of the aircraft. 
 
Legislation signed into law in December revamped the FAA’s aircraft certification program and required an independent review of Boeing`s safety culture. 
 
Boeing agreed to a $2.5 billion settlement with the Justice Department in January as part of a deferred prosecution agreement after the government said the crashes "exposed fraudulent and deceptive conduct by employees of one of the world’s leading commercial aeroplane manufacturers."

The US Transportation Department`s Office of Inspector General said on Tuesday it will audit the Federal Aviation Administration`s (FAA) November decision to unground the Boeing 737 MAX and other agency decisions.

The US Transportation Department`s Office of Inspector General said on Tuesday it will audit the Federal Aviation Administration`s (FAA) November decision to unground the Boeing 737 MAX and other agency decisions. The 737 MAX was grounded in March 2019 after two crashes in Indonesia and Ethiopia within five months killed 346 people. The FAA approved its return to service after significant safety enhancements developed during the plane`s 20-month grounding. The new audit will examine the FAA’s actions following the two accidents, including the agency`s risk assessments, the grounding of the aircraft and the subsequent recertification, the inspector general`s office said. Boeing declined to comment. The inspector general`s office added, "its objective is to evaluate FAA’s processes and procedures for grounding aircraft and implementing corrective actions." The FAA said it "will cooperate fully with the Inspector General’s audit, as it has with all other outside reviews of the agency’s oversight of the Boeing 737 MAX." FAA Administrator Steve Dickson told Reuters in November he was "100% confident" in the safety of the 737 MAX. The FAA imposed new training requirements to deal with a key safety system called MICAS that was blamed for the two fatal crashes as well as significant new safeguards and other software changes to ensure the system does not erroneously activate. The inspector general issued two prior reports on the 737 MAX including one in February that outlined "weaknesses" in the FAA`s certification of the aircraft. Legislation signed into law in December revamped the FAA’s aircraft certification program and required an independent review of Boeing`s safety culture. Boeing agreed to a $2.5 billion settlement with the Justice Department in January as part of a deferred prosecution agreement after the government said the crashes "exposed fraudulent and deceptive conduct by employees of one of the world’s leading commercial aeroplane manufacturers."

The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under COVID-19 restrictions cooked, baked and drank more. 
 
Market researcher Kantar said everything from canned meat and beer to sugar and bleaches flew off the shelves, with the United States accounting for the largest chunk of the spending, followed by&nbsp;Western Europe, Latin America,&nbsp;Eastern Europe&nbsp;and Asia. 
 
Data for the report was collected from households in 42 countries, representing 66% of the global population and 83% of gross domestic product (GDP), Kantar said. 
 
Beverages, dairy and food, which typically account for almost two-thirds of global grocery sales, saw the biggest gains, with 15 of the top 20 categories most positively impacted by COVID-19 coming from these sectors, according to Kantar`s 2021 global FMCG Omnichannel report released on Wednesday. 
 
Growth in scratch cooking and home baking powered sales of canned meat up 26%, sugar and sweeteners up 15% and herbs and seasonings up 13%, the Kantar report showed, with Latin American customers driving the gains in most of the food categories. 
 
Western Europeans, who had dealt with some of the most prolonged lockdowns, nursed their boredom with alcohol, pushing up sales more than five times in 2020, compared with 2019. 
 
Western Europe and Latin America&nbsp;alcohol sales grew 25% and 20%, respectively, while Asians were soberer in their approach to the pandemic with sales falling 10% in the region last year from 2019.&nbsp;&nbsp; 
 
The pandemic also led to a big shift in where people shopped. 
 
E-commerce as a channel saw the highest growth in sales, followed by cash-and-carry stores and discounters. E-commerce on the whole now accounts for 6.5% of grocery sales globally, the report said. 
 
Among retailers, supermarkets saw strong share gains in the United States while discounters grew in Eastern Europe.

The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under COVID-19 restrictions cooked, baked and drank more.

The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under COVID-19 restrictions cooked, baked and drank more. Market researcher Kantar said everything from canned meat and beer to sugar and bleaches flew off the shelves, with the United States accounting for the largest chunk of the spending, followed by Western Europe, Latin America, Eastern Europe and Asia. Data for the report was collected from households in 42 countries, representing 66% of the global population and 83% of gross domestic product (GDP), Kantar said. Beverages, dairy and food, which typically account for almost two-thirds of global grocery sales, saw the biggest gains, with 15 of the top 20 categories most positively impacted by COVID-19 coming from these sectors, according to Kantar`s 2021 global FMCG Omnichannel report released on Wednesday. Growth in scratch cooking and home baking powered sales of canned meat up 26%, sugar and sweeteners up 15% and herbs and seasonings up 13%, the Kantar report showed, with Latin American customers driving the gains in most of the food categories. Western Europeans, who had dealt with some of the most prolonged lockdowns, nursed their boredom with alcohol, pushing up sales more than five times in 2020, compared with 2019. Western Europe and Latin America alcohol sales grew 25% and 20%, respectively, while Asians were soberer in their approach to the pandemic with sales falling 10% in the region last year from 2019. The pandemic also led to a big shift in where people shopped. E-commerce as a channel saw the highest growth in sales, followed by cash-and-carry stores and discounters. E-commerce on the whole now accounts for 6.5% of grocery sales globally, the report said. Among retailers, supermarkets saw strong share gains in the United States while discounters grew in Eastern Europe.

Home cooking, booze demand fire up global grocery sales in 2020: Report

United airlines plans to operate more than half its pre-pandemic capacity in the three-month period, which will be 45% than the same period in 2019

United Airlines reports $2.4 billion loss in Q1

India is battling second wave of Coronavirus. The ailing economy has recently witnessed green shoots but the state govt's are again gradually heading towards the imposition of lockdown to restrict the spread of virus. The Chief Minister of Delhi yesterday imposed a week long lockdown with some guidelines to manufacturing sectors. Is the manufacturing sector is ready to tackle another lockdown? We have today the President of ACMA, Mr. Deepak Jain who says 'The manufacturing sector is hopeful of managing lockdowns'. Watch the full conversation

Indian economy and second wave of Covid-19

Growth in Latin America's biggest economy looks on track for completing a V-shaped pickup in the second quarter

Brazil's economy at crunch time for recovery

The Biden administration will set aside 6,000 seasonal guest worker visas for people from Guatemala, Honduras and El Salvador in the coming months, the US&nbsp;Department of Homeland Security (DHS) said on Tuesday, a small step toward establishing more legal pathways to the United States from the region.

The 6,000-visa allotment would be part of an additional 22,000 H-2B visas made available to employers in the current fiscal year, which ends on September&nbsp;30, DHS said in a statement.

The increase has been sought by business groups but opposed by labor unions amid high unemployment related to the coronavirus pandemic.

President Joe Biden has grappled in recent months with a rising number of migrants arriving at the US-Mexico border, including families and unaccompanied children. In March, about 85,000 of the 172,000 migrants caught at the border came from Guatemala, Honduras and El Salvador.

Biden officials have urged migrants not to travel to the border while systems are established that allow them to seek asylum from their home countries or come to the United States through other legal pathways.

The extra H-2B visas would be in addition to the annual allotment of 66,000 visas for the fiscal year, a tally that was exhausted in February. The visas are used for landscaping, food processing and hotel work, among other seasonal jobs.

If the 6,000 visas are not used by companies seeking to hire people from Guatemala, Honduras and El Salvador, they will go back to the general visa pool sometime before September&nbsp;30, a DHS official and a second person familiar with the matter told Reuters.

The visa carve-out for the so-called Northern Triangle countries "demonstrates DHS’s commitment" to creating more legal avenues for migration from the region, Secretary Alejandro Mayorkas said in a statement.

The Biden administration will set aside 6,000 seasonal guest worker visas for people from Guatemala, Honduras and El Salvador in the coming months, the US Department of Homeland Security (DHS) said on Tuesday, a small step toward establishing more legal pathways to the United States from the region.

The Biden administration will set aside 6,000 seasonal guest worker visas for people from Guatemala, Honduras and El Salvador in the coming months, the US Department of Homeland Security (DHS) said on Tuesday, a small step toward establishing more legal pathways to the United States from the region. The 6,000-visa allotment would be part of an additional 22,000 H-2B visas made available to employers in the current fiscal year, which ends on September 30, DHS said in a statement. The increase has been sought by business groups but opposed by labor unions amid high unemployment related to the coronavirus pandemic. President Joe Biden has grappled in recent months with a rising number of migrants arriving at the US-Mexico border, including families and unaccompanied children. In March, about 85,000 of the 172,000 migrants caught at the border came from Guatemala, Honduras and El Salvador. Biden officials have urged migrants not to travel to the border while systems are established that allow them to seek asylum from their home countries or come to the United States through other legal pathways. The extra H-2B visas would be in addition to the annual allotment of 66,000 visas for the fiscal year, a tally that was exhausted in February. The visas are used for landscaping, food processing and hotel work, among other seasonal jobs. If the 6,000 visas are not used by companies seeking to hire people from Guatemala, Honduras and El Salvador, they will go back to the general visa pool sometime before September 30, a DHS official and a second person familiar with the matter told Reuters. The visa carve-out for the so-called Northern Triangle countries "demonstrates DHS’s commitment" to creating more legal avenues for migration from the region, Secretary Alejandro Mayorkas said in a statement.

US to set aside 6,000 guest worker visas for Central Americans

Domestic stock market indices, Sensex and Nifty ended Tuesday's volatile session lower dragged by selling in IT, banks and FMCG stocks.&nbsp;

Midcap and smallcap indices ended higher outperforming the benchmarks. Gains were seen in pharma, auto and metals stocks. &nbsp;

The Sensex ended 244 points lower at 47,706 while the Nifty fell 63 points to settle at 14,296.

Broader markets, however, outperformed benchmarks, with the midcap index up 0.3 per cent and smallcap index up 1 per cent.

On the Nifty50 index, Dr Reddy's, Bajaj Finserv, Bajaj Finance, HDFC Life and Tata Consumer were the top gainers.

(With inputs from agencies)

Domestic stock market indices, Sensex and Nifty ended Tuesday's volatile session lower dragged by selling in IT, banks and FMCG stocks. Midcap and smallcap indices ended higher outperforming the benchmarks.

Domestic stock market indices, Sensex and Nifty ended Tuesday's volatile session lower dragged by selling in IT, banks and FMCG stocks. Midcap and smallcap indices ended higher outperforming the benchmarks. Gains were seen in pharma, auto and metals stocks. The Sensex ended 244 points lower at 47,706 while the Nifty fell 63 points to settle at 14,296. Broader markets, however, outperformed benchmarks, with the midcap index up 0.3 per cent and smallcap index up 1 per cent. On the Nifty50 index, Dr Reddy's, Bajaj Finserv, Bajaj Finance, HDFC Life and Tata Consumer were the top gainers. (With inputs from agencies)

Sensex plunges 773 points from high, ends 244 points lower

Volkswagen AG, China’s biggest foreign automaker which wants to sell over four million vehicles in the country, said the impact of the shortage remains unabated in the second quarter this year.

Chip shortage casts shadow on China's auto industry recovery

In the Covid-ravaged 2020-21 fiscal (April 2020 to March 2021), the economy is projected to have contracted by up to 8 per cent.

Brokerages downgrade India's GDP growth projections for FY'22

India’s foreign exchange reserves rose by $4.344 billion during the week ended April 9. According to the Reserve Bank of India’s (RBI) weekly statistical supplement

India’s foreign exchange reserves increase by $4.34 billion

A huge spike in fresh coronavirus infection cases spooked investors on Dalal Street with the benchmark indices ending nearly 2 per cent on Monday.&nbsp;

The Sensex closed at 47,949.42, down 882.61 points, or 1.81%, while the Nifty was at 14,359.45, down 258.40 points, or 1.77%. All sectors, except pharma, closed in the red.

Power Grid, ONGC and banking stocks were among the top drags on the day. Bank Nifty recovered some losses to close 2.4% lower after having tanked over 4% earlier in the day. Among other sectoral indices, only Nifty Pharma closed the day with gains.

(With inputs from agencies)

A huge spike in fresh coronavirus infection cases spooked investors on Dalal Street with the benchmark indices ending nearly 2 per cent on Monday. The Sensex closed at 47,949.

A huge spike in fresh coronavirus infection cases spooked investors on Dalal Street with the benchmark indices ending nearly 2 per cent on Monday. The Sensex closed at 47,949.42, down 882.61 points, or 1.81%, while the Nifty was at 14,359.45, down 258.40 points, or 1.77%. All sectors, except pharma, closed in the red. Power Grid, ONGC and banking stocks were among the top drags on the day. Bank Nifty recovered some losses to close 2.4% lower after having tanked over 4% earlier in the day. Among other sectoral indices, only Nifty Pharma closed the day with gains. (With inputs from agencies)

Sensex closes 882 points lower, Nifty ends at 14,359

Non-life insurer SBI General Insurance Company Ltd was fined Rs.25 lakh (2.5 million) by the Insurance Regulatory and Development Authority (IRDAI) for violation of regulations relating to motor third party insurance obligations. 
 
According to the IRDAI, the insurer did not fulfil its minimum obligation relating to underwriting motor third party insurance during 2017-18. 
 
In its order, the IRDAI had said that considering the repetitive nature of the violation and the magnitude of violation, a penalty of Rs.25 lakh is levied on SBI General Insurance. 
 
According to IRDAI, the penalty should be paid online after debiting the company shareholder`s account.

Non-life insurer SBI General Insurance Company Ltd was fined Rs.25 lakh (2.5 million) by the Insurance Regulatory and Development Authority (IRDAI) for violation of regulations relating to motor third party insurance obligations.

Non-life insurer SBI General Insurance Company Ltd was fined Rs.25 lakh (2.5 million) by the Insurance Regulatory and Development Authority (IRDAI) for violation of regulations relating to motor third party insurance obligations. According to the IRDAI, the insurer did not fulfil its minimum obligation relating to underwriting motor third party insurance during 2017-18. In its order, the IRDAI had said that considering the repetitive nature of the violation and the magnitude of violation, a penalty of Rs.25 lakh is levied on SBI General Insurance. According to IRDAI, the penalty should be paid online after debiting the company shareholder`s account.

Indian insurance regulator IRDAI slaps 2.5 million rupees of fines on SBI General

<article>
When Graham Brooks received his ballot in early February asking whether he wanted to form a union at the Amazon warehouse in Alabama where he works, he did not hesitate. He marked the NO box and mailed the ballot in.

After almost six years of working at nearby newspapers, Brooks, 29, makes about $1.55 more an hour at Amazon and is optimistic he can move up.

“I personally didn’t see the need for a union,” he said. “If I was being treated differently, I may have voted differently.”

Brooks is one of almost 1,800 employees who handed Amazon a runaway victory in the company’s hardest-fought battle to keep unions out of its warehouses. The result — announced last week, with 738 workers voting to form a union — dealt a crushing blow to labor and Democrats when conditions appeared ripe for them to make advances.

For some workers at the warehouse, like Brooks, the minimum wage of $15 an hour is more than they made in previous jobs and provided a powerful incentive to side with the company. Amazon’s health insurance, which kicks in on the first day of employment, also encouraged loyalty, workers said.

Carla Johnson, 44, said she had learned she had brain cancer just a few months after starting work last year at the warehouse, which is in Bessemer, Alabama. Amazon’s health care covered her treatment.

“I was able to come in day one with benefits, and that could have possibly made the difference in life or death,” Johnson said at a press event that Amazon organised after the vote.

Patricia Rivera, who worked at the Bessemer warehouse from September until January, said many of her co-workers in their 20s or younger had opposed the union because they felt pressured by Amazon’s anti-union campaign and felt that the wages and benefits were solid.

“For a younger person, it’s the most money they ever made,” said Rivera, who would have voted in favour of the union had she stayed. “I give them credit. They start you out and you get insurance right away.”

Rivera left Amazon because she felt she was not adequately compensated for time she had to take off while quarantining after exposure to COVID-19 at work, she said.

Amazon, in a statement after the election, said, “We’re not perfect, but we’re proud of our team and what we offer, and will keep working to get better every day.”

Other workers said in interviews that they or their co-workers did not trust unions or had confidence in Amazon’s anti-union message that the workers could change the company from within. Often, in explaining their position, they echoed the arguments that Amazon had made in mandatory meetings, where it stressed its pay, raised doubts about what a union could guarantee and said benefits could be reduced if workers unionised.

When a union representative called her about the vote, Johnson said, he could not answer a pointed question about what the union could promise to deliver.

“He hung up on me,” she said. “If you try to sell me something, I need you to be able to sell that product.”

Danny Eafford, 59, said he had taken every opportunity to tell co-workers at the warehouse that he strongly opposed the union, arguing that it would not improve their situation. He said he had told colleagues about how a union let him down when he lost a job years ago at the Postal Service.

His job, which involves ordering cardboard, tape and other supplies, did not make him eligible to cast a ballot. But when the company offered “VOTE NO” pins, he gladly put one on his safety vest.

“The union’s job is not to keep you; it is to keep everybody,” he said he had told colleagues. “If you are looking for the individual help, it will not be there.”

Pastor George Matthews of New Life Interfaith Ministries said numerous members of his congregation worked at the warehouse, just a few miles away, and had expressed gratitude for the job. But he was still surprised and disappointed that more did not vote to unionize, even in the traditionally anti-union South, given how hard they described the work as being.

In talking with congregants, Matthews said, he has come to believe that workers were too scared to push for more and risk what they have.

“You don’t want to turn over the proverbial apple cart because those apples are sweet — larger than the apples I had before — so you don’t mess with it,” he said.

With its mandatory meetings and constant messaging, Amazon used its advantages to run a more successful campaign than the union, said Alex Colvin, dean of Cornell’s School of Industrial and Labor Relations.

“We know campaigns change positions,” he said.

Stuart Appelbaum, president of the retail workers union that led the organising effort, cited several factors to explain the loss beyond Amazon’s anti-union efforts.

He pointed to the high rate of turnover among employees, estimating that up to 25% of Amazon workers who would have been eligible to vote in early January had left by the end of voting in late March — potentially more than the company’s entire margin of victory. Appelbaum surmised that people who had left would have been more likely to support the union because they were typically less satisfied with their jobs.

Many of the workers at the warehouse have complaints about Amazon, wanting shorter hours or less obtrusive monitoring of their production. Brooks and others said they wished their 10-hour shift had a break period longer than 30 minutes because in the vast warehouse, they can spend almost half their break just walking to and from the lunchroom.

Turnout for the vote was low, at only about half of all eligible workers, suggesting that neither Amazon nor the union had overwhelming support.

Jeff Bezos, Amazon’s chief executive, said Thursday in his annual letter to investors that the outcome in Bessemer did not bring him “comfort.”

“It’s clear to me that we need a better vision for how we create value for employees — a vision for their success,” he wrote.
</article>

When Graham Brooks received his ballot in early February asking whether he wanted to form a union at the Amazon warehouse in Alabama where he works, he did not hesitate.

When Graham Brooks received his ballot in early February asking whether he wanted to form a union at the Amazon warehouse in Alabama where he works, he did not hesitate. He marked the NO box and mailed the ballot in. After almost six years of working at nearby newspapers, Brooks, 29, makes about $1.55 more an hour at Amazon and is optimistic he can move up. “I personally didn’t see the need for a union,” he said. “If I was being treated differently, I may have voted differently.” Brooks is one of almost 1,800 employees who handed Amazon a runaway victory in the company’s hardest-fought battle to keep unions out of its warehouses. The result — announced last week, with 738 workers voting to form a union — dealt a crushing blow to labor and Democrats when conditions appeared ripe for them to make advances. For some workers at the warehouse, like Brooks, the minimum wage of $15 an hour is more than they made in previous jobs and provided a powerful incentive to side with the company. Amazon’s health insurance, which kicks in on the first day of employment, also encouraged loyalty, workers said. Carla Johnson, 44, said she had learned she had brain cancer just a few months after starting work last year at the warehouse, which is in Bessemer, Alabama. Amazon’s health care covered her treatment. “I was able to come in day one with benefits, and that could have possibly made the difference in life or death,” Johnson said at a press event that Amazon organised after the vote. Patricia Rivera, who worked at the Bessemer warehouse from September until January, said many of her co-workers in their 20s or younger had opposed the union because they felt pressured by Amazon’s anti-union campaign and felt that the wages and benefits were solid. “For a younger person, it’s the most money they ever made,” said Rivera, who would have voted in favour of the union had she stayed. “I give them credit. They start you out and you get insurance right away.” Rivera left Amazon because she felt she was not adequately compensated for time she had to take off while quarantining after exposure to COVID-19 at work, she said. Amazon, in a statement after the election, said, “We’re not perfect, but we’re proud of our team and what we offer, and will keep working to get better every day.” Other workers said in interviews that they or their co-workers did not trust unions or had confidence in Amazon’s anti-union message that the workers could change the company from within. Often, in explaining their position, they echoed the arguments that Amazon had made in mandatory meetings, where it stressed its pay, raised doubts about what a union could guarantee and said benefits could be reduced if workers unionised. When a union representative called her about the vote, Johnson said, he could not answer a pointed question about what the union could promise to deliver. “He hung up on me,” she said. “If you try to sell me something, I need you to be able to sell that product.” Danny Eafford, 59, said he had taken every opportunity to tell co-workers at the warehouse that he strongly opposed the union, arguing that it would not improve their situation. He said he had told colleagues about how a union let him down when he lost a job years ago at the Postal Service. His job, which involves ordering cardboard, tape and other supplies, did not make him eligible to cast a ballot. But when the company offered “VOTE NO” pins, he gladly put one on his safety vest. “The union’s job is not to keep you; it is to keep everybody,” he said he had told colleagues. “If you are looking for the individual help, it will not be there.” Pastor George Matthews of New Life Interfaith Ministries said numerous members of his congregation worked at the warehouse, just a few miles away, and had expressed gratitude for the job. But he was still surprised and disappointed that more did not vote to unionize, even in the traditionally anti-union South, given how hard they described the work as being. In talking with congregants, Matthews said, he has come to believe that workers were too scared to push for more and risk what they have. “You don’t want to turn over the proverbial apple cart because those apples are sweet — larger than the apples I had before — so you don’t mess with it,” he said. With its mandatory meetings and constant messaging, Amazon used its advantages to run a more successful campaign than the union, said Alex Colvin, dean of Cornell’s School of Industrial and Labor Relations. “We know campaigns change positions,” he said. Stuart Appelbaum, president of the retail workers union that led the organising effort, cited several factors to explain the loss beyond Amazon’s anti-union efforts. He pointed to the high rate of turnover among employees, estimating that up to 25% of Amazon workers who would have been eligible to vote in early January had left by the end of voting in late March — potentially more than the company’s entire margin of victory. Appelbaum surmised that people who had left would have been more likely to support the union because they were typically less satisfied with their jobs. Many of the workers at the warehouse have complaints about Amazon, wanting shorter hours or less obtrusive monitoring of their production. Brooks and others said they wished their 10-hour shift had a break period longer than 30 minutes because in the vast warehouse, they can spend almost half their break just walking to and from the lunchroom. Turnout for the vote was low, at only about half of all eligible workers, suggesting that neither Amazon nor the union had overwhelming support. Jeff Bezos, Amazon’s chief executive, said Thursday in his annual letter to investors that the outcome in Bessemer did not bring him “comfort.” “It’s clear to me that we need a better vision for how we create value for employees — a vision for their success,” he wrote.

Why Amazon’s workers sided with the company over a union

Quarterly adjusted earnings before interest and tax was 4.97 billion euros compared to analysts' consensus estimate of 3.99 billion euros.

Daimler's Q1 earnings beat market expectation on high prices

The multinational investment bank headquartered in New York on Thursday announced strategic actions in the global consumer banking segment as part of an ongoing strategic review

Citibank to exit retail banking in India

The Dow industrials .DJI closed above 34,000 for the first time on Thursday as the blue-chip benchmark and S&P 500

Dow hits milestone, S&P breaks record high on tech rally

Domestic stock market indices, Sensex and Nifty gave up gains to end Friday's volatile session marginally higher. Broader markets outperformed the benchmarks as the midcap and smallcap indices ended 1 per cent higher each. Gains were seen in pharma, IT, metals and auto stocks, while bank and realty indices ended in the red.&nbsp;

At close, the Sensex was up 28.35 points or 0.06% at 48,832.03, and the Nifty was up 36.40 points or 0.25% at 14,617.90. About 1617 shares have advanced, 1230 shares declined, and 152 shares are unchanged. &nbsp;&nbsp;

Wipro, Hindalco Industries, Cipla, Asian Paints and UltraTech Cement were among major gainers on the Nifty, while losers were JSW Steel, ICICI Bank, Bajaj Finance, Larsen and Toubro and Tata Steel.

(With inputs from agencies)

Domestic stock market indices, Sensex and Nifty gave up gains to end Friday's volatile session marginally higher. Broader markets outperformed the benchmarks as the midcap and smallcap indices ended 1 per cent higher each.

Domestic stock market indices, Sensex and Nifty gave up gains to end Friday's volatile session marginally higher. Broader markets outperformed the benchmarks as the midcap and smallcap indices ended 1 per cent higher each. Gains were seen in pharma, IT, metals and auto stocks, while bank and realty indices ended in the red. At close, the Sensex was up 28.35 points or 0.06% at 48,832.03, and the Nifty was up 36.40 points or 0.25% at 14,617.90. About 1617 shares have advanced, 1230 shares declined, and 152 shares are unchanged. Wipro, Hindalco Industries, Cipla, Asian Paints and UltraTech Cement were among major gainers on the Nifty, while losers were JSW Steel, ICICI Bank, Bajaj Finance, Larsen and Toubro and Tata Steel. (With inputs from agencies)

Sensex gives up 49,000, ends flat, Nifty below 14,650

Brent crude futures rose US$2.91, or 4.6%, to settle at $66.58 a barrel. U.S. West Texas Intermediate (WTI) crude ended $2.97, or 4.9%, higher at $63.15 a barrel.

Oil price climbs nearly 5% on signs of increasing crude demand

Walmart-owned Flipkart said on Thursday that it will acquire Cleartrip, one of India's oldest online travel technology companies. Flipkart will acquire 100 per cent of Cleartrip's shareholding, it said in a statement.

Cleartrip will continue to operate as a separate brand. However, its operations will be acquired by Flipkart. All employees of Cleartrip will be retained.

The value of the deal has not been disclosed.

"The Flipkart Group is committed to transforming customer experiences through digital commerce. Cleartrip is synonymous with travel for many customers, and as we diversify and look at new areas of growth, this investment will help strengthen our wide range of offerings for customers," Flipkart Group CEO Kalyan Krishnamurthy said.

Also Read | <a href="https://www.wionews.com/technology/over-20-chinese-tech-giants-make-public-pact-to-abide-by-anti-monopoly-guidelines-377734">Over 20 Chinese tech giants make public pact to abide by anti-monopoly guidelines</a>

He added that the Cleartrip team, with its deep industry knowledge and technology capabilities, will help Flipkart Group provide deeper value and travel experiences for customers.

Stuart Crighton, CEO and co-founder of Cleartrip, said the company has been a pioneer in capitalising on technology to simplify the travel experience for our customers.

"This product-driven focus has enabled us to become the preferred travel partner of choice for consumers in a wide range of markets in the region," he added.

The deal closing will be subject to applicable regulatory approvals.

(With inputs from agencies)

Walmart-owned Flipkart said on Thursday that it will acquire Cleartrip, one of India's oldest online travel technology companies. Flipkart will acquire 100 per cent of Cleartrip's shareholding, it said in a statement.

Walmart-owned Flipkart said on Thursday that it will acquire Cleartrip, one of India's oldest online travel technology companies. Flipkart will acquire 100 per cent of Cleartrip's shareholding, it said in a statement. Cleartrip will continue to operate as a separate brand. However, its operations will be acquired by Flipkart. All employees of Cleartrip will be retained. The value of the deal has not been disclosed. "The Flipkart Group is committed to transforming customer experiences through digital commerce. Cleartrip is synonymous with travel for many customers, and as we diversify and look at new areas of growth, this investment will help strengthen our wide range of offerings for customers," Flipkart Group CEO Kalyan Krishnamurthy said. Also Read | Over 20 Chinese tech giants make public pact to abide by anti-monopoly guidelines He added that the Cleartrip team, with its deep industry knowledge and technology capabilities, will help Flipkart Group provide deeper value and travel experiences for customers. Stuart Crighton, CEO and co-founder of Cleartrip, said the company has been a pioneer in capitalising on technology to simplify the travel experience for our customers. "This product-driven focus has enabled us to become the preferred travel partner of choice for consumers in a wide range of markets in the region," he added. The deal closing will be subject to applicable regulatory approvals. (With inputs from agencies)

Walmart-owned Flipkart to acquire Cleartrip

Stock market indices, Sensex and Nifty ended Thursday's volatile session higher led by gains in metals and pharma stocks. Midcap and smallcap indices ended flat. Auto and FMCG indices ended in red. &nbsp;

The BSE barometer Sensex ended 259.6 points, or 0.5 per cent, higher at 48,803.7 levels while the NSE's Nifty50 settled at 14,581 levels, up 76.6 points or 0.5 per cent supported by gains in heavyweights like TCS, HDFC Bank, ICICI Bank, TCS, HDFC, Reliance Industries, ONGC, and Axis Bank. These stocks gained in the range of 1 per cent to 4 per cent.

Among sectoral indices, gains were witnessed in metals, pharma, IT, Financial Services and Private Banks, while the Nifty Auto, Nifty FMCG and Nifty PSU Bank indices ended in the red. TCS, Wipro, Cipla, ONGC and ICICI Bank were the top Nifty50 gainers, Grasim Industries, Eicher Motors, Maruti Suzuki, Infosys and IndusInd Bank were the top losers.

Global markets

Asian shares slipped on Thursday dragged down by Chinese stocks as recent upbeat economic data raised fears of monetary policy tightening. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent while New Zealand's benchmark index fell 0.9 per cent. Japan's Nikkei, however, finished 0.07 per cent higher.

Chinese shares stumbled with the blue-chip CSI300 index down 0.9 per cent and Hong Kong's Hang Seng index dropping 0.8 per cent.

On the other hand, European shares hit a record peak on rising commodity prices. The pan-European STOXX 600 index and UK’s commodity-heavy FTSE 100 gained 0.3 per cent each.

(With inputs from Reuters)

Stock market indices, Sensex and Nifty ended Thursday's volatile session higher led by gains in metals and pharma stocks. Midcap and smallcap indices ended flat.

Stock market indices, Sensex and Nifty ended Thursday's volatile session higher led by gains in metals and pharma stocks. Midcap and smallcap indices ended flat. Auto and FMCG indices ended in red. The BSE barometer Sensex ended 259.6 points, or 0.5 per cent, higher at 48,803.7 levels while the NSE's Nifty50 settled at 14,581 levels, up 76.6 points or 0.5 per cent supported by gains in heavyweights like TCS, HDFC Bank, ICICI Bank, TCS, HDFC, Reliance Industries, ONGC, and Axis Bank. These stocks gained in the range of 1 per cent to 4 per cent. Among sectoral indices, gains were witnessed in metals, pharma, IT, Financial Services and Private Banks, while the Nifty Auto, Nifty FMCG and Nifty PSU Bank indices ended in the red. TCS, Wipro, Cipla, ONGC and ICICI Bank were the top Nifty50 gainers, Grasim Industries, Eicher Motors, Maruti Suzuki, Infosys and IndusInd Bank were the top losers. Global markets Asian shares slipped on Thursday dragged down by Chinese stocks as recent upbeat economic data raised fears of monetary policy tightening. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent while New Zealand's benchmark index fell 0.9 per cent. Japan's Nikkei, however, finished 0.07 per cent higher. Chinese shares stumbled with the blue-chip CSI300 index down 0.9 per cent and Hong Kong's Hang Seng index dropping 0.8 per cent. On the other hand, European shares hit a record peak on rising commodity prices. The pan-European STOXX 600 index and UK’s commodity-heavy FTSE 100 gained 0.3 per cent each. (With inputs from Reuters)

Sensex ends 260 points up, tops 48,800, Nifty at 14,581

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The wholesale price-based inflation shot up to over an eight-year high of 7.39 per cent in March on rising crude oil and metal prices.

Also, the low base of March last year, when the data was computed with a low response rate due to the nationwide lockdown, contributed to a spike in inflation in March 2021.

The WPI inflation was 4.17 per cent in February and 0.42 per cent in March 2020.

This is the third straight month of up-tick seen in the wholesale price index (WPI) based inflation.

"The annual rate of inflation stood at 7.39 per cent (provisional) for March 2021 over March 2020," the Commerce and Industry Ministry said.

Such a high level of WPI was last recorded in October 2012, when inflation was 7.4 per cent.

Inflation in food articles in March was 3.24 per cent as prices of pulses, fruits and paddy hardened.

In vegetables, the rate of price rise was (-) 5.19 per cent, compared to (-) 2.90 per cent in the previous month.

Inflation in pulses was 13.14 per cent in March, while in fruits it was 16.33 per cent.

Inflation in the fuel and power basket was 10.25 per cent in March, against 0.58 per cent in February, mainly on account of rising prices of petrol and diesel.

"The prices of crude oil, petroleum products and basic metal substantially increased in March 2021 as compared to the corresponding month of last year. Also, due to nationwide lockdown, the WPI index for March 2020 was computed with a relatively low response rate," the commerce ministry said while releasing the data.

Retail inflation, as per data released earlier this week, rose to a 4-month high of 5.52 per cent in March.

The RBI in its monetary policy earlier this month kept policy rates unchanged and said it will maintain an accommodative monetary policy stance to support growth and keep inflation at the targeted level.

It projected retail inflation at 5.2 per cent in the June quarter.

The wholesale price-based inflation shot up to over an eight-year high of 7.39 per cent in March on rising crude oil and metal prices. Also, the low base of March last year, when the data was computed with a low response rate due to the nationwide lockdown, contributed to a spike in inflation in March 2021.

The wholesale price-based inflation shot up to over an eight-year high of 7.39 per cent in March on rising crude oil and metal prices. Also, the low base of March last year, when the data was computed with a low response rate due to the nationwide lockdown, contributed to a spike in inflation in March 2021. The WPI inflation was 4.17 per cent in February and 0.42 per cent in March 2020. This is the third straight month of up-tick seen in the wholesale price index (WPI) based inflation. "The annual rate of inflation stood at 7.39 per cent (provisional) for March 2021 over March 2020," the Commerce and Industry Ministry said. Such a high level of WPI was last recorded in October 2012, when inflation was 7.4 per cent. Inflation in food articles in March was 3.24 per cent as prices of pulses, fruits and paddy hardened. In vegetables, the rate of price rise was (-) 5.19 per cent, compared to (-) 2.90 per cent in the previous month. Inflation in pulses was 13.14 per cent in March, while in fruits it was 16.33 per cent. Inflation in the fuel and power basket was 10.25 per cent in March, against 0.58 per cent in February, mainly on account of rising prices of petrol and diesel. "The prices of crude oil, petroleum products and basic metal substantially increased in March 2021 as compared to the corresponding month of last year. Also, due to nationwide lockdown, the WPI index for March 2020 was computed with a relatively low response rate," the commerce ministry said while releasing the data. Retail inflation, as per data released earlier this week, rose to a 4-month high of 5.52 per cent in March. The RBI in its monetary policy earlier this month kept policy rates unchanged and said it will maintain an accommodative monetary policy stance to support growth and keep inflation at the targeted level. It projected retail inflation at 5.2 per cent in the June quarter.

India wholesale price-based inflation spikes to over 8-year high of 7.39% in March

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