Heena Sharma Blog

Amazon.com Inc said on Monday it would hire 100,000 warehouse and delivery workers in the United States to tackle a surge in online orders, as consumers shop heavily fearing the spread of the coronavirus outbreak . Amazon said it would invest over $350 million to raise the pays for these employees in the US and Canada by $2 an hour, 2 pounds in the UK and about 2 euros in the European Union. It currently pays $15 an hour for workers in its US fulfillment centers. Read More

Shortly after being named Amazon.com Inc.’s global logistics chief in 2013, Dave Clark held a conference call with his new reports. During the meet-and-greet, according to a person on the call, Clark described his early-career habit of lurking in the shadows of Amazon warehouses and scoping out slackers he could fire, which earned him the nickname The Sniper. Clark speaks in a monotone and is hard to read, but the message was clear enough: The new boss wanted his underlings to know that he will let little stand in the way of ensuring that customers get their orders on time. The Sniper demonstrated his determination yet again on Sunday, when—at the height of the holiday shopping rush—he essentially fired FedEx Corp. Clark’s team had noticed that FedEx’s delivery performance was slipping and banned third-party merchants from using the logistics giant’s ground network for the rest of the season. Clark has not forgotten the shambolic holiday season of 2013. Just months after he...

With a networth of $54 billion, Reliance Industries Chairman Mukesh Ambani has broken into the global top 10 richest billionaire list complied by Hurun Research. "The only Asian in the Top 10, Ambani's wealth is based on telecom, retail and energy, and bucked the poor stock market trend in India last year," Hurun Research said in a statement. The Hurun Global Rich List 2019 is topped by Amazon chief Jeff Bezos for the second year in a row, while the senior Ambani is placed 10th with a network of Rs 3.83 trillion, thanks to a rally in RIL shares, which had topped the Rs 8-lakh-crore-mark last month. Ambani owns almost 52 percent in Reliance. Anil Ambani, held in contempt of court by the Supreme Court last week for not paying up Ericsson Rs 540 crore, has lost over $5 billion, from $7 billion seven years ago to $1.9 billion this year, even though both the brothers got off with more or less same amount of inherited wealth. "Having started off similarly a...

Even the world’s richest person couldn’t stop a nude selfie leak. When Jeff Bezos alleged in a blog post on Thursday that he was the victim of blackmail attempts by the publisher of the National Enquirer, he underscored risks particular to billionaires in the digital age. “ The perception among very affluent people is often ‘I have this level of wealth, I’m untouchable,’' said Mark Johnson, chief executive officer of Sovereign Intelligence, a McLean, Virginia-based risk analytics firm. “But the systems they have in place for protecting their personal identifiable information are very weak." Ask any family office about its biggest fears and cybersecurity is near the top. Personal protection no longer involves just bodyguards and a top-notch alarm system. The internet age has seen a massive shift in people storing their most sensitive and personal data online, where it’s vulnerable to hacking and intrusion. Read More Article Source -> Business Standard

Amazon and Flipkart have cornered about three-quarters of the online Indian retail market, but other big players are getting aggressive Companies News : India's long-neglected retail market is turning into one of the world's hottest thanks to Warren Buffett, Jeff Bezos and a frenzy of billion-dollar dealmaking. Walmart Inc just wrapped up a $16 billion agreement for control of the country's leading e-commerce player, Flipkart Online Services Pvt, while Bezos' Amazon.com Inc negotiates deals with a large supermarket chain and an investment in a prominent retail conglomerate, according to local media. This week, Buffett's Berkshire Hathaway Inc agreed to acquire a stake in the company behind digital payments leader Paytm. Why the sudden interest in India? The new optimism is fueled by rising standards of living, increases in smartphone usage and cheap data plans that are boosting internet penetration across the nation. Perhaps most important, India ...

Amazon, grew into the second most valuable company in the world after Apple Current Affairs News : Amazon founder and CEO Jeff Bezos has become the richest man in the world with a net wealth of $141.9 billion, the Forbes World's Billionaires list showed on Monday. Bezos' wealth has grown more than $5 billion since June 1 to beat Bill Gates, the principal founder of Microsoft Corporation, who is the second-richest man in the world with $92.9 billion. Warren Buffet, one of the most successful investors in the world, trailed in the third place with a total of a wealth of $82.2 billion. Bezos officially became the richest person in the world earlier this year, and his business behemoth of online retailing, Amazon, grew into the second most valuable company in the world after Apple. Fortune's last list release showed that Amazon ranked eighth on the 2018 list of America's largest companies, with revenues of $177.87 billion.