Amazon workers’ Prime Day protest fails to shake up Jeff Bezos’s company Posted on 22nd July 2019 |
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| While Jeff Bezos’ Amazon got under fire last week with its workers launching a global protest, the same had a zero to microscopic effect on the company even with the backing of cause-driven millennials, Eric Schiffer, CEO, US-based Patriarch Organisation told Financial Express Online. “When a reported “15” employees show for the strike, and a small number online, even critics of Amazon know it was a tactical disaster in terms of influencing Amazon,” he said, adding that it was a giant failure in having any impact on Amazon on the employee side. Patriarch Organisation is a private equity firm in technology and media. The e-commerce behemoth received flak from prominent American politicians such as Bernie Sanders and Kamala Harris over its workers’ policies. However, on the day of the strikes, Amazon was “armed to counter the arguments reframing the debate to public policy focused on the national minimum wage, which is half of Amazon’s,” Eric Schiffer said. Moreover, one of the most valuable companies of the world — Amazon — fired a fusillade of counter punches against protest groups. “They refused to be defined by employee groups and the media, not unlike how a presidential campaign refuses to be defined by critics or the media. They are proactive and aggressive and use facts to highlight logical gaps in the protesters’ agenda. The shift to bring context to the national minimum wage is just one example” Eric Schiffer added. |
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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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| Be the first person to write a business review for Amazon workers’ Prime Day protest fails to shake up Jeff Bezos’s company |
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