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Flipkart launches a credit line for customers

Flipkart launches a credit line for customers

Finance
BENGALURU: Just weeks before its annual festive sales, Flipkart has introduced a credit line for customers to complete their shopping on the platform. Called ‘Cardless Credit,’ it enables customers to get an instant credit line of up to Rs 60,000, based on the user’s creditworthiness. This will enable customers who do not have a formal credit access, to purchase products and thereby trigger a growth in the gross merchandise value for the ecommerce platform. “Close to 45 million customers on our platform do not have formal access to credit and a good portion of this is emerging from tier II, III towns,” said Ravi Garikipati, senior vice president and head of Fintech Flipkart. “Cardless Credit is a step in the direction to make e-commerce more inclusive and help customers
Over 100 pink Cadillacs line the streets of Detroit in honor of Aretha Franklin

Over 100 pink Cadillacs line the streets of Detroit in honor of Aretha Franklin

Entertainment
Aug. 31 (UPI) -- The life of the Queen of Soul Aretha Franklin was celebrated in her hometown of Detroit on Friday by friends, family and fans alike.Over 100 pink Cadillacs -- in reference to Franklin's hit "Freeway of Love" -- were parked on Seven Mile Road near the Greater Grace Temple where the star's funeral service was held. Cadillac, founded in Detroit, tweeted the years of Franklin's birth and death with the word "Respect" on a pink background. pic.twitter.com/9x9DrPuMOB— Cadillac (@Cadillac) August 31, 2018 Crisette Ellis, wife of Bishop Charles H. Ellis III from Greater Grace Temple, organized the tribute to Franklin. Ellis works as a sales directer for cosmetic company Mary Kay, which famously gifts top sellers with pink Cadillacs. "Her song, the pink Cadillac song, meant ...
East Coast train line to be put into public control

East Coast train line to be put into public control

Business
Media playback is unsupported on your device Rail services on the East Coast Main Line are being brought back under government control, following the failure of the current franchise.Operators Stagecoach and Virgin Trains will hand over control from 24 June.The Department for Transport will run the service until a new public-private partnership can be appointed in 2020.Transport Secretary Chris Grayling said it would smooth the transition to a new operator, but critics said it was evidence of private sector failure.Mr Grayling said the franchise had failed because Stagecoach and Virgin Trains had "got their bid wrong", overestimating the profitability of the line.It is the third time in a just over a decade that the government has called a hal...
These 8 gig jobs could boost your bottom line in retirement

These 8 gig jobs could boost your bottom line in retirement

Finance
Ella Tyler found a few surprises in retirement that led her to return to the work force.But like many retirees, the work she's doing now in no way resembles what she used to do in her professional career.Tyler, 67, had quit practicing law when she moved to Texas after she got married. But then her husband died. And after Tyler remodelled her house, she realized she needed more money.That prompted Tyler to look for jobs to pick up extra work.She noticed an ad for tutors for the Law School Admissions Test with Varsity Tutors, an online education platform. Now, Tyler keeps busy teaching classes for the LSAT exam, as well as English as a second language and business writing, for up to $ 27 per hour. The extra money, plus the ability to still use her professional skills, has given Tyler new con...
OMV next in line to tap U.A.E. offshore

OMV next in line to tap U.A.E. offshore

Business
April 6 (UPI) -- Austrian energy company OMV said it became the latest in a growing list of foreign companies wading into oil fields off the coast of Abu Dhabi.The Austrian company said it acquired a 20 percent working interest in the offshore Satah al-Razboot complex, which includes satellite fields Bin Nasher and al-Bateel, and Umm Lulu. The deal with Abu Dhabi National Oil Co. included infrastructure associated with the fields for a combined price of $ 1.5 billion.ADNOC had no comment on the deal. In an outline of its ambitions, the company said it can produce as much as 1.4 million barrels of oil per day offshore, about 40 percent of its total capacity.ADNOC so far this year has signed agreements with Asian energy companies, Italian major Eni and French supermajor Total.The United Arab...