San Francisco - Amazon.com posted an 18-per-cent boost in sales and a 24 per cent rise in profits as the online retail giant shrugged off the effects of the economic downturn.
The Seattle-based retailer said that it earned 177 million dollars in the first quarter, compared to 143 million dollars a year ago. Sales were up to 4.89 billion dollars compared to 4.13 billion dollars a year ago.
New York - The global economic crisis has scrambled the pecking order among US firms, with Exxon Mobil ousting Wal-Mart as the top revenue-earning company.
The energy company vaulted to the top of the business magazine Fortune 500 list, pushing the world's largest retailer to second place.
Profits among Fortune 500 companies saw the worst declines in the list's 55-year history, falling 85 per cent in 2008 compared to 2007, for total losses of 99 billion dollars.
An awkward and blundering "cataloging error" by Amazon. com Inc resulted in the deletion of over 57,000 titles from online retailer's main search function on Sunday. Initially terming it as a 'glitch,' Amazon said that the affected titles will soon be restored; but that did not happen even till Monday afternoon.
According to a recent study by the Associated Chambers of Commerce and Industry of India (Assocham), though there is a noticeable slump in demand for fast moving consumer goods (FMCG) in the urban markets, the rising demand in rural areas is attracting manufacturers of consumer products and automobiles, and even organised retail businesses.
The Assocham study titled ‘The Rise of Rural India’ reveals that the global financial meltdown notwithstanding, rural India is being seen as a potential for healthy revenue growth for companies, thanks to a robust demand for products of FMCG, two-wheelers, passenger cars as well as retail sectors.
According to the 'Indian Retail: Time to change lanes' report by global consultancy KPMG, the ongoing recession has taken a major toll on the dissemination of India's organized retail - with the country's retail sales growth falling drastically to 11 percent in December 2008 from the 2007 figures of 34 percent.
Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline.
The EPFO threatened to attach the personal bank accounts of Subhiksha MD, R Subramanian and properties of the retail chain to recover dues worth Rs 1.76 crore.
Meanwhile, company's MD has expressed his desire to pay the dues against laws and the PF Commissioner may take further decision regarding it in few days.
San Francisco - Amazon.com posted an 18-per-cent boost in sales and a 24 per cent rise in profits as the online retail giant shrugged off the effects of the economic downturn.
New York - The global economic crisis has scrambled the pecking order among US firms, with Exxon Mobil ousting Wal-Mart as the top revenue-earning company.
An awkward and blundering "cataloging error" by Amazon. com Inc resulted in the deletion of over 57,000 titles from online retailer's main search function on Sunday. Initially terming it as a 'glitch,' Amazon said that the affected titles will soon be restored; but that did not happen even till Monday afternoon. 
According to a recent study by the Associated Chambers of Commerce and Industry of India (Assocham), though there is a noticeable slump in demand for fast moving consumer goods (FMCG) in the urban markets, the rising demand in rural areas is attracting manufacturers of consumer products and automobiles, and even organised retail businesses. 
According to the 'Indian Retail: Time to change lanes' report by global consultancy KPMG, the ongoing recession has taken a major toll on the dissemination of India's organized retail - with the country's retail sales growth falling drastically to 11 percent in December 2008 from the 2007 figures of 34 percent.
Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline. 
