Thousands of merchants whose non-essential item orders were cancelled on Amazon India and Flipkart have to wait longer to get their payments cleared. The development comes even as these e-tailers start initiating refunds to thousands of customers who had to scrap their orders of non-essentials made before the lockdown, two people aware of the matter […]
Archives for April 2020
Domino’s and ITC Foods partner to deliver groceries
Pizza chain Domino’s has partnered with packaged consumer goods maker ITC Foods to deliver groceries through a service called ‘Domino’s Essentials’, it said on Thursday, amidst the 21-day countrywide lockdown. A statement by Jubilant FoodWorks (JFL), which operates Domino’s Pizza, said the service will be rolled out in Bengaluru, Noida, Mumbai, Kolkata, Chennai and Hyderabad. […]
Oyo suspends payments to hotels; partners say clause not in contract
SoftBank-backed Oyo has written to hotel owners invoking the ‘force majeure’ clause in their agreements, with the Covid-19 pandemic severely impacting business at the hotels. ET has seen a copy of the letter dated March 28. Oyo said in the letter that since hotel revenues have dwindled and are unlikely to improve in the next […]
Social Security recipients will automatically receive stimulus payments
News Procedure & Administration By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} Treasury announced Wednesday that Social Security and Railroad Retirement benefit recipients will receive economic stimulus payments automatically without having to file a tax return. On Monday, the IRS had said that only taxpayers who had filed tax returns […]
FASB Plans to Address Standard-Setting Issues During the Coronavirus
The FASB is monitoring and responding to the COVID-19 (coronavirus) pandemic situation and is committed to supporting and assisting its stakeholders during this difficult time. At its meeting on April 8, 2020, the FASB is expected to discuss plans to support stakeholders as they navigate the impact of the pandemic. Discussion will include: Responses to […]
Coronavirus hits prisons: Ex-GOP Rep. Chris Collins’ surrender date delayed two months as inmates, guards infected
Former Representative Chris Collins, a Republican from New York, exits a federal court in New York, U.S., on Friday, Jan. 17, 2020. Peter Foley | Bloomberg | Getty Images A federal judge granted a two-month delay for the prison surrender of former GOP Rep. Chris Collins after his lawyers argued he has a high risk […]
Oil soars by most on record after Trump says Saudis and Russians to cut output
NEW YORK (Reuters) – Oil prices soared over 30% – on track for the most in a day on record – following reports U.S. President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil production cut of 10 million to 15 million barrels. Brent futures rose $8.04, or 33%, […]
How lockdown-hit online retailers are cheering customers up
Illustration: Rahul Awasthi How to keep customers engaged in times of lockdown? Some e-commerce businesses deemed non-essential or with limited items on the essentials list have found several ways of staying in touch. Myntra, Bookmyshow, FirstCry and Nykaa are using informational content, gaming, and entertainment on their apps to connect with customers. This is aimed […]
Food delivery firms reassure customers with contactless delivery, body temperature checks
Illustration: Rahul Awasthi The rapid spread of the Covid-19 virus has made customers sceptical about the safety of food delivery platforms. In India, one user tweeted, “Can anyone give us the assurance that the online food delivery platform will be 100% safe? If someone is harmed, who will be responsible?” The country’s top two delivery […]
44M Digital Wallet Items Exposed in Key Ring Cloud Misconfig
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