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Snowman Logistics records loss of Rs 0.42 cr in Q4

Snowman Logistics reported a net loss of Rs 0.42 crore in Q4 FY21 compared with net loss of Rs 1.17 crore in Q4 FY20.
Net sales during the quarter increased 5.1% year-on-year (YoY) to Rs 64.11 crore. The company reported a pre-tax profit of Rs 1.50 crore in Q4 March 2020 as against a pre-tax loss of Rs 1.34 crore in Q4 March 2020.
Snowman Logistics recorded a net profit of Rs 0.06 crore in the year ended 31 March 2021 as against net loss of Rs 15.01 crore in the year ended 31 March 2020.
Net sales declined 1.3% to Rs 237.10 crore in FY21 over FY20. The revenue drop was mainly in the transport vertical due to vehicle movement restrictions during the initial lockdown period. ....

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Amazon India launches mentor programme for startups, emerging brands

Read more about Amazon India launches mentor programme for startups, emerging brands on Business Standard. Amazon India on Sunday announced the launch of its Mentor Connect programme, which is aimed at accelerating the growth of startups ....

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Amazon violated employees' rights by firing outspoken workers: Labour board

The National Labour Relations Board has found that two outspoken Amazon workers were illegally fired last year.
Both employees, Emily Cunningham and Maren Costa, worked at Amazon offices in Seattle and publicly criticised the company, pushing it to do more to reduce its impact on climate change and to better protect warehouse workers from the coronavirus.
Cunningham shared with The Associated Press an email from the NLRB, which said it found that Amazon violated the rights of the two workers. The government agency also confirmed on Monday that it found merit in the case. The news was first reported by The New York Times. ....

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Never spoke to Elon on buying his 'failed' Tesla car biz in 2017: Tim Cook

Apple CEO Tim Cook has said that he never spoke to Tesla CEO Elon Musk about buying his failed electric car business couple of years back.
Musk in December last year tweeted that he offered Cook to sell his electric car company at one-tenth of its value during the struggling period in 2017 but the Apple CEO refused to meet him.
In an interview with The New York Times on Monday, Cook said that talks never happened.
You know, I ve never spoken to Elon, although I have great admiration and respect for the company he s built, Cook was quoted as saying. ....

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US Market closes higher

The US stock market finished session higher on Thursday, 01 April 2021, on optimism about a stimulus-fueled economic recovery after President Joe Biden $2.3 trillion infrastructure pitch. Positive sentiment was also generated in reaction to a report from the Institute for Supply Management showing the pace of growth in U. S. manufacturing activity accelerated by much more than anticipated in the month of March.
At the close of trade, the Dow Jones Industrial Average index advanced 171.66 points or 0.52% to 33,153 and the S&P 500 added 46.98 points or 1.18% to 4,020.
The tech-heavy Nasdaq Composite Index added 233.23 points or to 1.76% 13,480.
Microsoft, Apple, Facebook and Google s parent company were among the winners, along with smaller companies, which stand to benefit from a quickly growing economy. Health care, household goods stocks and utilities were the only laggards ....

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