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Archives for April 2020
Internet crawls as usage surges
A surge in data consumption during the ongoing lockdown due to the Covid-19 virus outbreak has caused internet speeds to fall steeply, two separate studies by speed testing firms showed. Analytics firm Ookla revealed that fixed broadband – popularly called WiFi – download speeds decreased to 35.98 Mbps in March from 39.65 Mbps in February. […]
Big brands unmask a hot new sales category
Necessity is the mother of business strategy – in less than a week, some of the biggest names in retail, fashion and lifestyle have started selling face masks. New mask sellers include Amazon, Flipkart, Myntra, BigBasket, Reliance Retail and Grofers. The move comes as Delhi, Maharashtra, Uttar Pradesh, Odisha and Chandigarh make wearing masks mandatory […]
Flipkart looking at ties with retail chains, FMCG giants
Flipkart is going to enter into a series of partnerships with brick-and-mortar retailers and leading FMCG companies to spruce up its offerings in its weakest business area of essentials. On Thursday, it formed such an arrangement with Spencer’s Retail. The Walmart-owned ecommerce firm is in advanced talks also with Hindustan Unilever and ITC to sell […]
IRS grants broad coronavirus-related tax relief
Taxpayers were granted additional, broad tax filing and payment deadline relief by the IRS late on Thursday, in line with relief requested by the AICPA over the past several weeks amid the coronavirus pandemic. The new relief, issued in Notice 2020-23, applies to all taxpayers that have a filing or payment deadline falling on or […]
Pandemic gives hyperlocal model a new lease of life
Illustration: Rahul Awasthi Hyper-local delivery of food and groceries has made a resurgence over the past few weeks amid the ongoing 21-day nationwide lockdown, although industry insiders are sceptical whether the trend will last. E-commerce companies and other delivery-based businesses are forging partnerships with physical stores to fulfil increased orders at a time when customers […]
Social media firms have to deal with misinformation responsibly: Ravi Shankar Prasad
Along with initiatives around work from home and innovative use of telecom spectrum, incentives worth ₹48,000 crore for the electronics manufacturing sector will play a big role in reviving the economy reeling from the Covid-19 virus outbreak, said Union Minister for Electronics and IT and Communications Ravi Shankar Prasad. In an interview with ET’s Surabhi […]
New York coronavirus daily death toll reaches third-straight record at 799, Gov. Cuomo says
New York Governor, Andrew Cuomo (D) speaking at a press Conference at the State Capitol. Michael Brochstein | Barcroft Media | Getty Images New York Gov. Andrew Cuomo said he is bringing in more funeral directors as coronavirus deaths across the state hit a third-straight daily record with 799 fatalities on Wednesday. New York state […]
Exclusive: Russia ships first wheat cargo to Saudi Arabia after export door opens
MOSCOW/HAMBURG (Reuters) – A symbolic 60,000 tonne cargo of Russian wheat has set sail for Saudi Arabia from a Black Sea port seven months after conditions were set to allow the trade, three sources told Reuters on Thursday. Russia’s agriculture safety watchdog, Rosselkhoznadzor, confirmed the cargo had departed in a statement. The world’s largest wheat […]
Zoom Taps Ex-Facebook CISO Amid Security Snafus, Lawsuit
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