President Donald Trump escalated his war on Twitter and other social media companies Thursday, signing an executive order challenging the lawsuit protections that have served as a bedrock for unfettered speech on the internet. Announced with fanfare, the president’s action yet appeared to be more about politics than substance. He aims to rally supporters after […]
Archives for May 2020
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Illustration: Rahul Awasthi Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger. Japanese conglomerate SoftBank, a common investor in Paytm Mall and Grofers, initiated the deal talks, sources said. “SoftBank does not […]
MeitY fast-tracks work on Rs 5,000 crore fund-of-funds
Illustration: Rahul Awasthi The Ministry of Information Technology (MeitY) is fast-tracking its ambitious Rs 5,000 crore fund-of-funds targeted at deploying much-needed domestic capital into India’s software products ecosystem, as the government looks to reopen the economy in a phased manner after a two-month lockdown. MeitY officials are expected to approach the finance ministry as early […]
House passes bill that would relax PPP forgiveness requirements
The U.S. House approved legislation Thursday making it easier for small businesses and other recipients of Paycheck Protection Program (PPP) funding to qualify for forgiveness of the loans. The House bill, called the Paycheck Protection Flexibility Act, H.R. 7010, extends from eight weeks to 24 weeks the time PPP recipients have to spend their funds. […]
E-filing of Form 1040-X coming this summer
News Procedure & Administration By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The IRS announced Thursday that taxpayers will be able to electronically file Forms 1040-X, Amended U.S. Individual Income Tax Return, “later this summer” (IR-2020-107). According to the IRS, making the Form 1040-X available for electronic filing has been […]
Intuit Executive to Present at the Bank of America 2020 Global Technology Conference
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– Alex Chriss, executive vice president and general manager of Intuit’s (Nasdaq: INTU) Small Business & Self-Employed Group, will participate in a fireside chat at the virtual Bank of America 2020 Global Technology Conference, on Wednesday, June 3. The fireside chat will begin at 1:00 p.m. PDT/4:00 p.m. EDT and will be […]
Trump meets with attorney general to discuss death of Minnesota black man in police custody
President Donald Trump was briefed by Attorney General William Barr on Thursday on the status of a federal investigation into the death of a black man in Minnesota whose violent arrest at the hands of a white officer has sparked calls for criminal charges, White House press secretary Kayleigh McEnany said. The briefing comes one […]
U.S. major airlines roll out more options to avoid staff lay-offs
(Reuters) – The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show. Around 100,000 employees of American Airlines Group Inc (AAL.O), Delta […]
$10 billion from PPP pledged to lenders to underserved communities
Ten billion dollars in Paycheck Protection Program (PPP) Round 2 funds are being set aside to be lent exclusively by Community Development Financial Institutions (CDFIs) in an effort to boost businesses in underserved communities. This dedication of funds is designed to make sure that PPP money reaches all communities that need relief during the coronavirus […]
‘0G’ in the management of epidemics
The coronavirus epidemic has turned into a pandemic. The lack of hindsight and visibility in the face of increasing numbers of victims and the overloading of emergency services has led to the lockdown of half the planet. This containment impacts and will impact all economies, but even more so the economies of developing countries. A […]