Page 29 - Cm News Today

Read the latest news about Lyfts stock surge of 67% due to a clerical error in the companys outlook for profitability. Find out how the mistake overshadowed an otherwise strong earnings report and bookings projections. Learn more about Lyfts market share compared to Uber.

Flipkart: "One of the biggest challenges for ecommerce alone to solve is the cost structure of logistics. India, in general is a low ticket price market. Whenever we are able to get to further (lower logistics) cost structure, is when we will be able to further increase the penetration in commerce," Krishnamurthy said.

Chief Minister A Revanth Reddy criticizes the construction of three barrages on Godavari river, vows action on Medigadda, and seeks technical assistance from National Dam Safety Authority (NDSA).

Rachel Gumpert, a spokesperson for Justice for App Workers, said ride-hailing drivers in other cities may also demonstrate or strike for at least part of the day. Uber said Tuesday it doesnt expect the strike to have much impact on its operations on Valentines Day. "These types of events have rarely had any impact on trips, prices or driver availability," Uber said in a statement. "Thats because the vast majority of drivers are satisfied."

Warehousing India: The Warehousing & Logistics sector saw a rise in absorption, recording 37.8 million sq ft in 2023, a 21% increase from the previous year. Despite a 65% decline in investments in 2023, reaching USD 646 million, absorption surpassed the 2019 pre-pandemic level by 15%. Third-party logistics companies accounted for 44% of overall absorption, followed by Engineering and Manufacturing at 18%.

BJP national spokesperson Gaurav Bhatia claimed there is "complete anarchy and lawlessness" in West Bengal under the TMC rule with Chief Minister Banerjee allegedly providing protection to her party goons who allegedly raped and exploited tribal women in Sandeshkhali.

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) had its price target hoisted by Canaccord Genuity Group from C$64.00 to C$65.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 6.87% from the […]

The Chief Minister of Jharkhand, Champai Soren, distributed financial assistance worth ₹825 crore to women self-help groups (SHGs) at a state-level women's conclave. The assistance was provided under the Jharkhand State Livelihood Promotion Society for income generation and entrepreneurship. The CM emphasized the importance of women empowerment and the contributions made by women to the state's economy. The event was attended by ministers and aimed at providing respect and dignity to...

OnGrid, AuthBridge, IDfy and BetterPlace are among the background check service providers that said there has been a sharp increase in mandates as background checks and employee verification - once confined to conventional sectors like IT and banking - extends its reach across e-commerce, transportation, logistics, retail and healthcare, among others.

Oracle Cloudworld: Oracle on Tuesday said that it clocked 50 per cent growth (year-on-year) in cloud consumption in India in the second quarter of FY24, as Cloud@Customer offering grew 380 per cent YoY in the same quarter.