Amazon has officially surpassed Walmart in quarterly revenue for the first time, marking a historic shift in the retail landscape. For over a decade, Walmart has consistently led the industry in revenue generation, but Amazon’s rapid expansion in eCommerce, cloud computing, and advertising has propelled it to the top. During the fourth quarter, Amazon reported a staggering $187.8 billion in revenue, surpassing Walmart’s $180.5 billion. While Wal

  H-E-B has taken a major step in expanding its online shopping services in Houston with the opening of a state-of-the-art 100,000-square-foot eCommerce Fulfillment Center (eFC). This move is part of the company’s commitment to enhancing digital shopping experiences for customers, streamlining delivery services, and making grocery shopping more efficient. The new facility will support both H-E-B Curbside and Home Delivery services, allow

The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur

The Supreme Court of India has issued a landmark ruling on February 17, 2025, stating that an employee’s gratuity can be forfeited on the grounds of moral turpitude, even in the absence of a criminal conviction. This ruling expands the interpretation of the Payment of Gratuity Act, 1972, allowing employers to withhold gratuity from employees dismissed for unethical or fraudulent actions.Previously, in a 2018 Supreme Court ruling in the Union of India vs. Ajay Babu case, the court had st

Kentucky Fried Chicken (KFC) is making a major move, shifting its U.S. corporate headquarters from its namesake state to Plano, Texas. The decision, announced by parent company Yum Brands, means that 100 corporate employees will transition to the new Texas office within the next six months. This relocation marks a significant shift for the iconic fast-food brand, which has deep historical ties to Kentucky. The move is part of Yum Brands' broader strateg

  TikTok has made a dramatic return to app stores after its temporary removal from Apple and Google platforms on January 18. The popular social media app was reinstated on February 15, marking a major development in its ongoing battle with the U.S. government over national security concerns. The removal followed a controversial law that required ByteDance, TikTok’s China-based parent company, to divest its U.S. operations or face an outright

Joann, the well-known retailer specializing in fabrics and crafts, is undergoing a major restructuring plan that includes shutting down more than 500 of its nearly 850 U.S. locations. This significant downsizing effort comes amid financial struggles and an increasingly competitive retail environment. The decision is part of Joann's bankruptcy proceedings and is aimed at optimizing its physical presence to ensure long-term viability. Stores in 49 states