How to find new products on Amazon? Jeff Bezos has this plan for fresh listings Posted on 9th September 2019 |
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| Jeff Bezos’ Amazon is reportedly testing a new feature for its popular e-commerce platform to help shoppers discover newly released products. In the latest attempt, Amazon will help customers to decide what to buy, CNBC reported, and the company is testing the feature in select markets for certain customers, a company spokesperson told the news channel. Amazon already has few live badges such as Top Brand, the orange-coloured Bestsellers flag, and Amazon’s Choice which take into account factors including customer reviews and pricing. Amazon has also been testing Top Brand badge for select products of more established brands. Amazon’s latest attempt is expected to improve the shopping experience on the e-commerce site. While Amazon has a vast selection of products and boasts of a convenient ordering process, the site is often called out for poor navigation tools which do not help with the discovery of new products, CNBC said, adding that the badge “could also draw attention to how Amazon determines which products get certain designations on the site”. Previously, two US senators had sought clarity from one of the largest e-commerce platforms globally regarding the policy about badges. In a letter to Jeff Bezos, the said senators asked for information on Amazon’s Choice program and cited several reports that questioned Amazon’s recommendation engine. Meanwhile, the e-commerce platform was recently called out by three US senators who expressed concerns about Amazon selling unsafe products and in a letter addressed to founder Jeff Bezos, the senators asked for the products to be taken down off the platform, CNBC reported a few days back. This came days after a Wall Street Journal report alleged that Amazon was selling over 4,000 products that have been red-flagged, have misleading labels or are banned by regulators such as USFDA (United States Food and Drug Administration). |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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