Amazon may move Prime Day to late June amid competition

Amazon may move Prime Day to late June amid competition


The timing shift would place Prime Day in Amazon’s second-quarter financial results, which typically end on June 30. Last year, the event was extended from two to four days, generating $24.1 billion in online spending across U.S. retailers, up 30% from the previous year, according to Adobe Analytics.
| Photo Credit:
PASCAL ROSSIGNOL

Amazon.com is planning ​to
move its Prime Day sale event ‌up to late June, Bloomberg News
reported ​on Thursday, marking a ⁠rare shift in calendar for the
critical, decade-old shopping event.

Prime Day is marked by heavy ‌discounts on categories ranging
from apparel and electronics, and its summer ‌iteration coincides
with the back-to-school shopping season ‌with ⁠parents and
students waiting to cash ⁠in on the deals.
The timing shift would also move Prime Day sales to Amazon’s
second quarter, ​which typically ends ‌on June 30. The company
declined to comment to Reuters on the report.

Amazon’s Prime Day event has taken ‌place in July since its
launch in ​2015, barring a change for two years during the
pandemic.
Last year, ⁠the event was extended to four days from the usual
two, and drove $24.1 ‌billion in online spending across U.S.
retailers, up 30% from a year ago, according to data from Adobe
Analytics.
However, Amazon has also had to contend with competing deals
events from retailers such ‌as Walmart and Target
as these companies invest in ​their digital order fulfillment and
same-day delivery capabilities.

Contribution to U.S. sales ⁠from e-commerce almost doubled
for Walmart in its ⁠most recently reported quarter, and the
company said customers using its ‌option for delivery under three
hours grew more than 60% for fiscal year ​2026.

Published on March 13, 2026



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Trump raises safety concerns over Iran World Cup team

Trump raises safety concerns over Iran World Cup team


President Donald Trump expressed concerns over the safety of the Iranian national soccer team participating in the 2026 World Cup, co-hosted by the United States, Canada, and Mexico. (A file picture)
| Photo Credit:
Jonathan Ernst

President Donald Trump said he did not think it would be “appropriate” for the Iranian soccer team to attend this year’s World Cup, co-hosted by the United States, and cited safety concerns as a reason on Thursday, while the countries are embroiled in a war.

“The Iran National Soccer Team is welcome to The World Cup,” Trump wrote on his social media site, “but I really don’t believe it is appropriate that they be there, for their own life and safety.” Iranian leaders said earlier this week that it’s “not possible” for the country to participate in the World Cup.

Trump’s message appears to depart somewhat from what the Republican president relayed Tuesday at the White House to FIFA President Gianni Infantino, who later publicly said that Trump assured him the Iranian players and coaches would be welcome.

Private talks confirmed participation assurances

A White House official, who insisted on anonymity to discuss private conversations, had confirmed Trump’s message to Infantino about Iran’s participation.

On Thursday, the White House did not immediately clarify what Trump meant by “their own life and safety,” such as whether he anticipated threats against them while in the United States after U.S. and Israeli strikes on Iran that began Feb. 28.

Iran scheduled matches in US cities

Iran, one of 48 teams in the tournament, is scheduled to play in Inglewood, California, against New Zealand on June 15 and Belgium on June 21 before finishing group play in Seattle against Egypt on June 26. The U.S. is hosting the tournament with Canada and Mexico from June 11 to July 19.

Travel ban exemptions for athletes applied

Since June, Iran has been subject to a travel ban into the U.S. as part of the Trump administration’s immigration crackdown. But athletes and coaches from the target nations are exempt, which means the Iranian team would be allowed to enter the U.S.

Published on March 12, 2026



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‘स्वाभिमान’ कार्यक्रम के तहत 10 लाख महिलाओं को सशक्त बनाएगा अडानी फाउंडेशन

‘स्वाभिमान’ कार्यक्रम के तहत 10 लाख महिलाओं को सशक्त बनाएगा अडानी फाउंडेशन


अडानी फाउंडेशन ने अपने “Swabhimaan” कार्यक्रम के तहत देशभर में 10 लाख महिलाओं को सशक्त बनाने का लक्ष्य तय किया है. यह जानकारी फाउंडेशन की चेयरपर्सन प्रीति अडानी ने गुरुवार को एक कार्यक्रम के दौरान दी. मुंबई में आयोजित “Swabhimaan: The Rise of S.H.E.” कार्यक्रम में बोलते हुए उन्होंने कहा कि किसी महिला को सशक्त बनाना सिर्फ एक व्यक्ति की मदद करना नहीं है, बल्कि आने वाली पीढ़ियों के भविष्य में निवेश करना है. यह कार्यक्रम Adani Electricity और Mahila Arthik Vikas Mahamandal (MAVIM) के सहयोग से आयोजित किया गया था.

प्रीति अडानी ने कहा कि महिलाओं का सशक्तिकरण केवल दान या सहायता से नहीं होता, बल्कि उन्हें अवसर, संभावनाएं और क्षमताएं विकसित करने का मौका देने से होता है. उन्होंने बताया कि स्वाभिमान कार्यक्रम से जुड़ी महिलाएं अपने छोटे कारोबार को बढ़ाने, उत्पादों की सही कीमत तय करने, जिम्मेदारी से ऋण चुकाने और बचत करने जैसे विषयों पर चर्चा करती हैं.

पहले साल 1 लाख महिलाओं को जोड़ने का लक्ष्य

उन्होंने कहा कि इस पहल के अगले चरण में पहले साल Maharashtra में 1 लाख महिलाओं को कार्यक्रम से जोड़ने का लक्ष्य रखा गया है. आने वाले वर्षों में इस पहल के जरिए देशभर में 10 लाख महिलाओं को सशक्त बनाने का संकल्प लिया गया है.

स्वाभिमान कार्यक्रम की शुरुआत 2022 में हुई थी. इसका उद्देश्य शहरी गरीब महिलाओं को कौशल प्रशिक्षण, वित्तीय ज्ञान और उद्यमिता की समझ देकर उन्हें आत्मनिर्भर बनाना है. प्रीति अडानी के अनुसार अब तक इस पहल से Mumbai में 4,500 से अधिक महिलाएं लाभान्वित हो चुकी हैं. फाउंडेशन ने इन महिलाओं को कौशल प्रशिक्षण, वित्तीय साक्षरता, डिजिटल साक्षरता और बाजार से जोड़ने में मदद की है.

उन्होंने कहा कि महिला आर्थिक विकास महामंडल ने महिलाओं को संगठित करने और Self Help Groups (SHGs) यानी स्व:सहायता समूह बनाने में महत्वपूर्ण भूमिका निभाई है.

महिलाओं की कमाई का बड़ा असर

प्रीति अडानी ने कहा कि दुनिया भर के शोध बताते हैं कि जब महिलाएं कमाती हैं तो वे अपनी आय का लगभग 90 प्रतिशत हिस्सा शिक्षा, स्वास्थ्य और परिवार के कल्याण पर खर्च करती हैं. कार्यक्रम में कई प्रमुख हस्तियां भी शामिल हुईं, जिनमें Ritu Tawde और Aditi Tatkare सहित कई महिला उद्यमी और स्वाभिमान कार्यक्रम की सदस्य मौजूद थीं.



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RBI launches “Awareness Program on Digital Payments”

RBI launches “Awareness Program on Digital Payments”


The Reserve Bank of India (RBI) on Thursday launched a pilot programme titled “Awareness Program on Digital Payments” to promote safe and widespread adoption of digital payments across the country.

The pilot will be conducted in Maharashtra in partnership with CSC e-Governance Services India Ltd, per a central bank statement issued as part of the sixth edition of Digital Payments Awareness Week (DPAW), which is being observed during March 9-13, 2026 .

The program aims to conduct in-person awareness sessions for 10 lakh participants in rural and semi-urban areas. These sessions will be carried out by Village Level Entrepreneurs (VLEs).

Governor Sanjay Malhotra emphasised the need to maintain trust in digital payment systems and highlighted the central bank’s efforts to enhance customer awareness and protection. He also urged stakeholders to work collaboratively to strengthen public confidence in the adoption and use of digital payments.

The RBI also unveiled a multi-media awareness campaign titled “Thoda Dhyan Se”, encouraging users to remain alert and cautious while making online payments and transacting online.

Following the launch, the RBI Governor held discussions with the Managing Directors and Chief Executive Officers of select Payment Systems Operators (PSOs).

Published on March 12, 2026



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South Indian Bank enables EPF payments on net banking platform

South Indian Bank enables EPF payments on net banking platform


The move allows employers and establishments to remit EPF contributions, dues and related charges directly through the EPFO portal using SIB’s net banking interface

South Indian Bank (SIB) on Thursday launched Employees’ Provident Fund (EPF) payment services through its Internet banking platform SIBerNet in partnership with the Employees’ Provident Fund Organisation (EPFO).

The move allows employers and establishments to remit EPF contributions, dues and related charges directly through the EPFO portal using SIB’s net banking interface.

The service went live on March 12, 2026, and was inaugurated by Uttam Prakash, Regional PF Commissioner for the Kochi Region and UT of Lakshadweep, alongside P R Seshadri, Managing Director and CEO of South Indian Bank, and Biji S S, Senior General Manager and Head of Branch Banking.

Direct payment channel

The integration follows the completion of technical work between SIB and EPFO, enabling a direct payment channel for statutory EPF compliance. Employers can now initiate remittances without leaving the EPFO portal, using SIBerNet as the payment gateway.

Seshadri said the launch was aimed at simplifying statutory payments for businesses while strengthening the bank’s digital ecosystem.

On the day of the announcement, SIB shares on the National Stock Exchange closed at ₹38.99, down ₹0.44 or 1.12 per cent from the previous close of ₹39.43. The stock touched an intraday high of ₹39.48 and a low of ₹38.16, with the volume-weighted average price at ₹38.86.

South Indian Bank, headquartered in Kerala, operates 948 branches, 1,143 ATMs, and 126 cash recycler machines across India, along with a representative office in Dubai.

Published on March 12, 2026



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Dubai traders offer gold at  an ounce discount to London benchmark prices

Dubai traders offer gold at $30 an ounce discount to London benchmark prices


Gold prices in Dubai are currently trading at $30 an ounce discount to the London benchmark prices due to weak demand after the raging Iran war in the West Asian countries crippled flight services.

Tourists and bullion dealers from India and China are the major buyers of gold from Dubai. Tourist arrivals have come to a standstill with the cancellation of flights from both the countries.

Supply chain pressure

Rajesh Rokde, Chairman, All India Gem and Jewellery Domestic Council, said traders in Dubai are selling gold at about $30 per ounce below the London benchmark price, largely due to disruptions in shipments caused by the ongoing West Asia conflict.

It is important for Indian jewellers and consumers to understand that gold prices globally remain high, and no country can afford to slash prices without destabilising the market, he said.

The current discount reflects supply chain pressures rather than a fundamental change in value, he said.

Prithviraj Kothari, President, India Bullion and Jewellers Association, said gold trading at a discount in Dubai reflects temporary logistical disruptions rather than a structural change in demand.

Buyers turn cautious

Flight cancellations across West Asia have slowed the movement of bullion, leaving excess supply in the local market and pushing prices to a $25–30 per ounce discount to London, he said.

At the same time, elevated price volatility and uncertainty around the duration of the conflict have kept buyers cautious, leading to weaker physical demand in key markets such as India and the Gulf, he added.

If transport routes normalise, these discounts are likely to narrow quickly as Dubai resumes its role as a key distribution hub for bullion flows to Asia and Europe, said Kothari.

Meanwhile, gold prices in India was up marginally at ₹160,303 per 10 grams against ₹160,230 on Thursday as rupee depreciated against dollar, according to the Indian Bullion and Jewellers Association of India data. In the global market, gold declined by about $60 an ounce to $5,118 on Thursday. April futures on COMEX slid to $5,123.14. On MCX, April gold futures quoted at ₹1,60,892 per 10 gm.

Published on March 12, 2026



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