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Amazon Worlds Largest Campus Building

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Amazon Worlds Largest Campus Building

Amazon Worlds Largest Campus Building 

Amazon Worlds Largest Campus Building In Hyderabad is launched. Amazon is all set to open its largest campus in Hyderabad at Nanankramguda. With around 15 stories, the building is being constructed in three million sq ft including one million for the parking area. The campus is built over 9.5 acres for more than 15,000 employees. Amazon has got a 62000 employee in India.

Telangana Home Minister Mahmood Ali inaugurated the campus on behalf of Chief Minister KCR Amazon Country head Amit Agarwal, John Schoettler Vice President of Global Real Estate and facilities at Amazon were also present at the launch event.

“The new state-of-the-art campus is expected to be ready by 2019 and would house thousands of employees managing back-end operations for Amazon’s various global business and technology teams” the company’s press release during foundation stone was laid.

Amazon.com is an American multinational technology company based in Seattle, Washington that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies along with Google, Apple, and Facebook.

Amazon is the largest Internet company by revenue in the world. It is the second-largest private employer in the United States and one of the world’s most valuable companies. Amazon is the second-largest technology company by revenue. Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington.

Continuing its investment in India, Amazon already announced the launch of person-to-person (P2P) payments via Amazon Pay for Android users in the country. Customers can now make instant bank-to-bank transactions through the UPI platform on the localized version of the Amazon app, allowing them to settle bills and other expenses with friends, lend or return money to family, pay for services and more. Notably, the new P2P service also will allow customers to make payments from their bank account to local stores or to Amazon delivery associates at the doorstep, who will scan a UPI QR code within the Amazon app.

The service is built on the Indian government-backed UPI platform, which is regulated by the Reserve Bank of India and is designed for instant transfer of funds between bank accounts using a mobile device.

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Political News

Former TDP MP Siva Prasad Passes Away

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Former TDP MP Siva Prasad Passes Away

Former TDP MP Siva Prasad Passes Away 

Another bad news for TDP and it’s supporters Chittoor Former TDP MP Siva Prasad passes away today at age 68. The senior leader is suffering from chronic kidney-related issues and treatment is going on since 10 days in Apollo hospital Chennai. Recently TDP Cheif Chandrababu Naidu went to Apollo and enquired about his health condition. Today at around 2 PM he breathed his last. He was elected as Member of parliament from Chittoor for two times i.e 2009 and 2014. He was a noted film actor and director in Telugu film industry.

Naramalli Siva Prasad is well known for his different getups before parliament for protesting against the bifurcation of Andhra Pradesh state and after bifurcation, he protested against BJP led NDA government to grant special status for AP.

 

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After Tax Cut From Nirmala Sensex Zoomed

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Tax Cut From Nirmala Sensex Zoomed

Tax Cut From Nirmala Sensex Zoomed

In a move to revive the slow economy rate, the BJP government at the center is taking the necessary steps. Central Finance Minister Nirmala Sitharaman, announced a cut in the corporate tax rate for companies. Later after tax cut from Nirmala Sensex zoomed high after 10 years.

Finance minister Nirmala Sitharaman’s fresh announcement was good news for the investors and the stock markets that already started gaining.

The biggest announcement is cutting down the income tax to domestic companies and the manufacturing sector. The new tax rate now stands at 25.17 percent for existing companies while for new companies the effective tax rate will be 17 percent.

Earlier the corporate tax was at 30 percent and considering surcharges and cess, it would go all the way up to 34 percent. For the new companies, the government fixed the tax at 25 percent and with miscellaneous, it would reach 29 percent.

With a difference of nearly 12 percent for the new companies especially in the manufacturing sector, they could benefit hugely. At the same time, the new companies should start their operations in the country by March 31st, 2023.

After Finance minister‘s announcement, National Stock Market zoomed today with the Sensex index reached 2,284.55 points in its biggest intraday gain in more than a decade.

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BJP Leader Swami Chinmayanand Arrested

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Swami Chinmayanand Arrested

Swami Chinmayanand Arrested

BJP Leader Swami Chinmayanand arrested, he was accused of rape by a law student in Uttar Pradesh, Swami was arrested after five days of the woman explained about the sexual assault and blackmail before the court. He was sent to jail for 14 days.

The police based their charges against Chinmayanand on videos handed over by the 23-year-old woman, who claims she secretly filmed him using a camera in her spectacles.

Before his arrest, Chinmayanand was taken in a senior police officer’s car to a hospital in Shahjahanpur. He had been hospitalized yesterday after he complained of “uneasiness and weakness”

He was a minister in former Atal Bihari Vajpayee’s government.

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