Business

Amazon tests allowing independent contractors to use personal vehicles for deliveries

Megacorporation Amazon is preparing to hire fleets of independent contractors to deliver third party vendors' goods locally.

Spirit, Frontier and JetBlue: Pros & cons

JetBlue and Frontier Airlines are both chasing Spirit Airlines in a takeover battle that will impact not only shareholders but passengers.

DGCA imposes ₹5 lakh fine on IndiGo for denying boarding to specially-abled child

National: Action after DGCA probe which found ground staff “deficient” in their handling of the passenger

Biggest takeaways from Davos, World Economic Forum

The World Economic Forum Annual Meeting 2022 concluded without definitive solutions to a number of global issues.

Centre to develop framework to check fake reviews on e-commerce websites

The government on Saturday said it will develop a framework to keep a check on fake reviews posted on e-commerce websites to protect consumer interest.

Southwest Airlines passenger who repeatedly struck flight attendant to serve up to 15 months in prison

Vyvianna Quinonez, 28, will serve up to 15 months in federal prison after she repeatedly hit a Southwest flight attendant on a flight from Sacramento to San Diego. She has been banned from commercial airlines for life.

India to face wider coal shortages, worsening power outage risks

National: India has stepped up pressure on utilities to increase imports in recent days

Karnataka Bank posts all time high profit of ₹507.99 crore

Karnataka: Priority sector lending stood at 56.41%, above RBI stipulated 40%

GAIL open to buying Russian oil and gas assets

Industry: Unlike other members of the Quad countries, India has not imposed sanctions on Russia

Tesla won't manufacture in India unless allowed to sell, service cars: Elon Musk

National: In August last year, Mr. Musk had said Tesla may set up a manufacturing unit in India if it first succeeds with imported vehicles in the country.

Biden's Treasury Department renews Chevron's oil license to operate in Venezuela

Venezuelan oil could soon enter U.S. markets as the U.S. Treasury Department has renewed a license with Chevron to operate in the South American country.

Record high prices threaten Memorial Day plans

Many Americans are hitting the road to celebrate Memorial Day this weekend for the first time in three years, but high prices for travel and food loom this weekend.

RBI’s basket of forex assets to widen amid uncertainty

US economy could be headed toward recession, economist warns: '100% odds' of global slowdown

The odds of an economic downturn in the United States over the course of the next 12 months are somewhere between 35% and 40%, according to economist Greg Daco.

Adani arm acquires 50% of B’luru-based drone startup

The Gautam Adani-led Adani Enterprises will buy 50% in General Aeronautics, a Bengaluru-based drone maker, for an undisclosed sum. M&A activity in the futuristic drone industry is on an upward curve.

White House announces import of baby formula from Australia

The U.S. Food and Drug Administration announced that 1.25 million cans of baby formula will be delivered to the United States within the coming weeks and months.

Have right to levy service charge: Restaurants' body

Defending the right of restaurants to levy service charge, the Federation of Hotels and Restaurants Association of India on Friday said it will participate in the meeting called by the department of consumer affairs (DoCA) on the issue on June 2. The DoCA discussion follows complaints by customers on the National Consumer Helpline that restaurants impose 5-15% service charge even though it is different from taxes and is in the nature of a tip.

Price of natural gas could climb higher still after cresting multi-year highs

News/Canada/Calgary: Analysts say natural gas could go even higher after breaking 14-year record this week.

Former Trump economic adviser still 'very nervous' about state of US economy

Former Trump senior economic adviser Steve Moore on the impact of inflation despite Americans spending money and traveling ahead of Memorial Day weekend.

Delta Air Lines to cut 100 daily flights over the summer

Delta, in the midst of the bustling summer travel season, will reduce its schedule by 100 daily departures. What to know.