Business

Automobile Sales Register Sharp Decline in India after Currency Demonetisation

Automobile Sales Register Sharp Decline in India after Currency Demonetisation

Indian automobile sector registered lowest growth in sales during December 2016, since the time Society of Indian Automobile Manufacturers (SIAM) started keeping record for combined automobile sales in the country. The impact on automobile sector is due to self-inflicted currency shortage in India. Indian government announced currency demonetization on November 8 and the government wasn’t prepared to deal with massive demand for new currency.

Cyanogen fails to pick up against Android and announces closure

Cyanogen fails to pick up against Android and announces closure

Cyanogen operating system for smartphones will no longer be developed by the company as it has finally decided to end its services by the end of 2016. Cyanogen has been in the news for facing financial and management issues. The company was aiming to provide a better smartphone operating system compared to Google’s Android. However, Cyanogen has not been able to get the acceptance that the company management was expecting.

Amazon will deliver till midnight on Christmas Eve

Amazon will deliver till midnight on Christmas Eve

Amazon will deliver gifts for holiday shoppers till Christmas Eve midnight. The company said that its team is working extra hours to deliver smiles and gifts to its valuable customers. The service of quick delivery for last minute shoppers will be available only for Amazon Prime Now customers. Amazon Prime Now costs $99 per year and offers special discount and free delivery on many items to customers.

Wells Fargo Could Impact Prudential Financial in Fraudulent Insurance Sales

Wells Fargo Could Impact Prudential Financial in Fraudulent Insurance Sales

Prudential Financial Incorporated could be the next in line to suffer after Wells Fargo sales scandal came up. Prudential Financial faces lawsuit in New Jersey state court. Wells Fargo suffered massive blow to its reputation and market valuation after the sales scandal emerged.

Norwegian Flights Win U.S. Government Approval despite Opposition

Norwegian Flights Win U.S. Government Approval despite Opposition

Norwegian Air International has received approval from the U.S. government for its flights from Europe to the United States. Norwegian was opposed by U.S. air carriers but the low-cost airline has won approval from the government. Norwegian Air International is Ireland headquartered subsidiary of Norway-based air carrier.

Jobs Data Showcases Strength of U.S. Economy as Unemployment drops to 4.6 percent

Jobs Data Showcases Strength of U.S. Economy as Unemployment drops to 4.6 percent

The latest unemployment data report has revealed that the U.S. economy added 178,000 jobs in November. The jobless rate has reduced to 4.6 percent and the current level has marked the best employment rate in past decade. Last time, the jobless rate was so low in August 2007.

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