Black Friday, the annual shopping extravaganza which brought in more than $1.5 billion in online sales alone last November, is arguably the single most important day for retailers in the U.S. Now Amazon wants to steal its thunder with Prime Day.

The e-commerce giant announced that it will mark its 20th anniversary on July 15 with deals for subscribers of its Prime shopping program in nine countries (the United States, United Kingdom, Spain, Japan, Italy, Germany, France, Canada, and Austria).

After months of speculation about who will be Google’s partner in developing its Nexus 5 (2015), it is pretty much certain that the name is LG. Nevertheless, no statement has been announced officially yet.

According to sources, LG won’t be basing the Nexus device on its latest flagship, the LG G4. Rather, it would be creating the new handset from scratch.

If there was a time when India decisively moved from one set of aspirations to another, it was when mobile phones outmoded landlines and drew them to the verge of extinction. In the given circumstances, it was only fair for BSNL to try and revive the market for landlines. BSNL has announced a plan that offers free calling from its landlines during night hours to any operator in India (including mobile phones). The move comes at a time when the company’s mobile market share stands at a single digit (8%) and its landline business is shrivelling as more users opt for the convenience of mobile phones.

The benchmark BSE Sensex remained in the negative terrain and was down over 240 points on Monday morning following selling pressure in metal, banking, IT, auto, teck, power and FMCG sectors triggered by weak Asian stocks amid Grexit fears.

At 11.36 am, Sensex was down 246.81 points at 27,845.98. Similarly, Nifty was down 68.95 points 8,415.95 during the same time.

Air India and Air India Express, its budget carrier have begun restricting the hand baggage weight for passengers coming from Dubai, Sharjah and Abu Dhabi as many of the passengers break prescribed weight norms with their duty-free shopping, reports an English daily.

Free allowance for hand bagage are strictly limited to 8 kg for Air India and 7 kg for Air India Express, inclusive of duty-free items. However many a times passengers carry at least double the free allowance weight without being noticed. Baggage with weight over 7-8 kg will be charged a fee of 60 Dirhams (Rs 1,035) per excess kilo and taken from the passenger at the boarding gate.

Shares of Kotak Mahindra Bank were trading higher by 2% at Rs 1,458 on the NSE early this morning after the Foreign Investment Promotion Board (FIPB) on Friday cleared the bank’s proposal to raise foreign investment limit in the lender to 55%. The CNX Nifty was down 0.78% at 8,419 points.

Kotak Mahindra Bank had approached FIPB after the Reserve Bank of India barred overseas investments in it as foreign shareholding hit the permissible threshold following the merger with ING Vysya Bank. Investments from foreign institutional investors (FIIs), foreign portfolio investors (FPIs) and foreign banks had reached 48.55% in the merged entity.

Mukesh Ambani, the richest Indian and Reliance Industries (RIL) chairman and MD, has not taken a pay hike for seven years, but his pay package is over 205 times that of the median employee remuneration at RIL. This ratio stands at 439 times in case of ITC Executive Chairman Y C Deveshar.

The ratio stands much lower at 89 times in case of information technology (IT) major Wipro Chairman and Managing Director Azim Premji, and at 19 times for HDFC Chairman Deepak Parekh for 2014-15.

In its bid to crack the big vehicle segment, Maruti Suzuki India (MSI), known for its small cars, is establishing a new set-up of retail outlets under the Nexa brand to sell premium products, starting with the upcoming S-Cross model.

The company, which has set a target of selling two million units annually by 2020 with around 25 models, expects the Nexa network to contribute a significant amount to sales and will open 100 dealerships under it in 30 cities by the end of this financial year. Its dealerships have hired 700 people from other sectors like hospitality, aviation and financial services, to offer a differentiated luxury car buying experience for its “discerning customers”.

Tata Motors, the fifth largest car manufacturer in the domestic market, is set to add half of the planned new 1,000-plus outlets over the next four years in tier-III and tier-IV towns. According to the president of passenger vehicle business unit, Mayank Pareek, its rural markets will grow faster than urban ones in the future. "It has a potential to contribute 30-40 per cent of total passenger vehicle sales," he said.

At present, the rural market brings 15 per cent of sales for the domestic operations. Market leader Maruti Suzuki sells a third of its vehicles in the rural market.

Beijing: China unveiled a plan to use the Internet to rejuvenate traditional industries and boost flagging economic growth, the State Council said in a statement Saturday.

“Internet Plus,” as the plan is called, will help the manufacturing sector optimize and better serve clients through technologies such as cloud computing and artificial intelligence, according to the statement. Other areas that may benefit include agriculture, energy production and distribution, finance, medical care, logistics, e-commerce, transportation and environmental protection, it said.

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