Impact of Donald Trump's win as 45th President of United States

It is the season to be jolly; and in the United States, that translates into holiday shopping! While the shopping season has already started, the two important shopping festivals –  Black Friday  and  Cyber Monday  – have put on their gloves and are in the ring to fight for the most popular shopping day title. Media is rife with predictions and marketing agencies with their surveys. While the terms still are a talking point, they haven’t been unleashing a shopping frenzy yet. In fact, many retailers have now spread out their promotions over the entire months of November and December, making it a mini gift-buying season with new deals released periodically, rather than concentrating them on a single shopping day or weekend.  What is Black Friday?    The day following  Thanksgiving Day  in the United States, Black Friday  marks the beginning of the  Christmas shopping season. Since 1932, on the fourth Thursday of November, most major retailers in the US open very early – as e

Holiday shopping has been officially flagged off in the United States with the Veterans Day – the first peak of several peak spending days during the holiday season. The retailers and consumers are now looking forward to the  Black Friday  and  Cyber Monday  spending.  Although the holiday shopping has its roots in the US and revolves around Thanksgiving, the countries that have traditionally not been known to celebrate this holiday are also gearing up to take part in the shopping fun that the holiday represents. In India, the savvy consumers are keen on loosening their purse strings and being part of the holiday rush.  Thanks to the growing number of  e-commerce  websites, the popularity of  Black Friday  and  Cyber Monday  is increasing in India. The big  e-commerce  retailers in India are trying to emulate the concept of US shopping festivals. According to Google Trends, the interest for  Black Friday  is rising every year.  Read here

Indian sellers on  Amazon  have shipped over a million products to Amazon's warehouses in the US as the retail giant gears up for its  Black Friday  and  Cyber Monday festive sales during the upcoming holiday season. The initiative is part of Amazon's  Global Selling programme  that allows sellers to ship products across the world through the company's logistics network. For consumers in the US, it would mean they can get their hands on authentic Indian made products, without having to wait for long periods. "Our Global Selling program launched in May last year has witnessed phenomenal success in a short span of time and we have already empowered over 18,000 sellers through this program to have unprecedented reach across international markets," said Gopal Pillai, Director of Seller Services at  Amazon  India. Read More

As  US  President-elect  Donald Trump  gears up to take office from the 44th and current President of the United States, pundits are having a field day trying to estimate the impact that will likely have on the  US  citizens. Among the immediate concerns is the impact the election result will have on the holiday spending, especially Black Friday on November 25, 2016.  While some are ambivalent about it, most media reports have indicated that Black Friday might not see as spectacular spending as expected. According to a news article, this year, Veterans Day - the first peak of several peak spending days during the holiday season – failed to kick off holiday spending. It was reported that the sales were $380 million lower than expected, at $1.16 billion. Quoting Adobe Digital Insights, the report indicated that the sales registered a measly 1% growth over a year earlier, against the predicted growth of 16%.  Another report quoting data from Adobe says that between November 1 and

There are an estimated 11 mn documented immigrants in US, several hundred thousand are believed to be Indian-Americans In line with his hardline immigration stance, President-elect Donald Trump  has vowed to immediately  deport  up to three million undocumented immigrants, saying "we are getting them out of our country or we are going to incarcerate". "What we are going to do is get the people that are criminal and have criminal records, gang members, drug dealers, where a lot of these people, probably two million, it could be even three million, we are getting them out of our country or we are going to incarcerate," Trump told  CBS News . "But we're getting them out of our country, they're here illegally," the 70-year-old business tycoon-turned politician said in an excerpt released ahead of broadcast of the interview. During the  election  campaign, Trump had warned that those countries which do not accept these illegal immigrants, he w

The implications for India if Trump were to stick to his 15-point agenda Bucking media opposition, popular perception and Hillary Clinton’s vicious campaign,  Donald Trump  has emerged as the 45th president of the United States of America. Trump elucidated on his 15-point agenda in the run-up to the elections. If he decides to implement them, it could impact the Indian government, people and businesses in several ways. Here is a lowdown on the implications Trump’s policies as the US President could have for India.   1)   The Tax Plan:  One of the highlights of Trump’s economic campaign is his plan to reduce corporate tax rates in the U.S to 15%. At present the rate stands at 35%. This would make the U.S one of the most attractive destinations in the world for businesses, especially for American businesses that have set shop in other countries to improve their profitability by paying less taxes. If Trump were to implement this plan, U.S businesses in  India could be lured back to

The eBay says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world Online marketplace  eBay  will shut its global development centre in Bengaluru, laying off staff and taking back work to  Silicon Valley  on the day  Donald Trump  got elected as the 45th President of United States on promise of bringing back jobs home. Calling it a part of a global restructuring, the  eBay  says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world. The  layoffs  will affect only those people working in its global product team, while its analytics and India product support teams will be unaffected. "As a normal course of business,  eBay  regularly reviews its operational structure and today we announced some changes to our global product and technology team. As a result, we are reducing our overall technology workforce in Bangalore and shifting work to other global centers aroun

The nervousness in stock markets probably had less to do with his obnoxious electoral rhetoric as much as a sober assessment of his positions on critical issues - economic growth, equality, immigration and climate change Donald Trump’s odds-defying election as the 45th president of the US just five months after Britain’s shock referendum to exit the European Union adds another level of uncertainty to global politics and economics, a predicament that was amply reflected in financial markets worldwide on Wednesday. The nervousness in stock markets probably had less to do with his obnoxious electoral rhetoric as much as a sober assessment of his positions on critical issues — economic growth, equality, immigration and climate change. Little in the campaign of this maverick self-made billionaire ... Read here