The spree of layoffs in the startup ecosystem has paved the way for action of another kind that is now gaining momentum — facilitating the placement of laid off staff by going the extra mile. Food delivery platform Zomato which earlier laid off 520 employees or 13% of its workforce in its huge retrenchment exercise […]
Archives for May 2020
As millions work from home, govt bans file-sharing site WeTransfer
If you’ve been having trouble accessing WeTransfer for sending work files to colleagues, the problem isn’t your internet connection or a case of service’s servers buckling under increased demand. It is because WeTransfer, one of the world’s most popular file sharing services, has been banned by the Department of Telecommunications. In an order dated May […]
Flipkart owner not surprised by Facebook’s Jio investment
Walmart, owners of top ecommerce marketplace Flipkart, is not surprised by internet major Facebook’s investment in Reliance, Brett Briggs, chief financial officer of the US retail giant, has said. “It’s (online retail space) been competitive…Reliance, Amazon… When you have 1.3 billion people, it’s going to attract a lot of investment…a lot of the reasons why […]
Indian startups eye virtual wedding space amid coronavirus curbs
After virtual board meetings and court hearings, comes the virtual wedding. More couples are tying the knot online, thanks to the new physical-distancing and safety norms. Helping them put such plans into action are startups offering the look and feel of a conventional wedding. They organise the sangeet complete with DJ, mehndi ceremony and even […]
Helping sellers revive their business will jump-start the economy: Amazon’s Amit Agarwal
The revival of the economy will come from helping merchants, retailers and brands reboot their businesses and tap into the heightened demand being generated online due to the Covid-19-induced lockdown in India, according to a top Amazon executive. The Seattle-headquartered online retailer which had seen its operations come to a grinding halt when the nationwide […]
Podcast: How Medicare benefits have changed due to our public health emergency
Write-up Clients 65+ and those with certain medical conditions are at higher risk for contracting COVID-19. If they are affected by the virus, you can help them understand their increased Medicare benefits put in place by the Centers for Medicare and Medicaid Services. In this episode, learn from Jim Sullivan, CPA/PFS, as he answers questions […]
SpaceX prototype Starship rocket explodes after test in Texas
A SpaceX prototype Starship rocket explodes after a test on May 29, 2020. @LabPadre A fourth prototype of SpaceX’s next-generation Starship rocket exploded Friday after a test at the company’s development facility in Texas. The company was conducting a trial of the rocket’s engine, in a test on the ground known as a static fire. […]
Merchants, retailers and brands to revive India’s economy: Amazon India head
The revival of India’s economy will be driven by merchants, retailers and brands rebooting their businesses by tapping into the rising demand for online commerce which is induced by the lockdown, said a top Amazon executive. “Between the reduced footfalls in physical stores and increased online demand, we need to make sure that in totality […]
Pot producer Canopy Growth posts dismal results, shares tumble 13%
(Reuters) – Pot producer Canopy Growth Corp on Friday reported a bigger loss for the fourth quarter, hit by non-cash charges of C$743 million related to its recent restructuring actions and impairment of some assets. The company’s U.S.-listed shares fell over 13% in premarket trading and dragged down other stocks in the industry between 2% […]
Paytm moves Delhi HC claiming telecom companies not preventing phishing activity over their networks
One97 Communications, which runs the online payment platform Paytm, has moved the Delhi High Court alleging that telecom service providers are not blocking fraudsters who are defrauding its customers by “phishing” activities over the various mobile networks. Paytm has claimed that millions of its customers have been defrauded by the phishing activities over the mobile […]