This post was co-authored by Daniel Sumner, Worldwide Industry Director, Government—Smart Infrastructure at Microsoft. According to Flood Safety, flooding is the most common type of natural disaster worldwide. It affects tens of millions of people around the world each year and causes, on average, more than $200 billion in damages. Many communities face flood-related challenges, […]
Archives for June 2020
Appario seeks one month vendor exclusivity for Amazon
Amazon-backed Appario Retail, one of the largest sellers on Amazon India after Cloudtail, is asking select merchants and suppliers to supply their products exclusively for 30 days. The communication, reviewed by TOI, from Appario, which is a subsidiary of the joint venture between Amazon and Patni Group, has sought such exclusivity for the first time […]
PolicyBazaar arm cuts over 1,500 jobs
Paisabazaar, an online marketplace for loans and credit cards — which is part of the PolicyBazaar group — has laid off 1,500-2,000 people due to the impact of Covid-19. Paisabazaar has a strength of 3,000-4,000 employees, which means nearly half its staff is being asked to leave as part of a restructuring. PolicyBazaar, a unicorn […]
Fashion brands partner with Myntra to woo shoppers
Top fashion brands including H&M, Adidas, Calvin Klein, Biba and Marks and Spencer have partnered with Flipkart-owned fashion marketplace Myntra to go on discount of 50-80% in the first online sale post Covid-19 lockdown. The End of Reason Sale (EORS), scheduled to take place between June 19-22, is being looked upon by brands to bring […]
Dow futures pop 200 points as stocks look to extend gains after Monday’s big comeback
Futures contracts tied to the major U.S. stock indexes rose Monday evening as investors looked to extend Wall Street’s gains from Monday’s dramatic comeback. Dow Jones Industrial Average futures rose 222 points, suggesting an open gain of 270 points when regular trading resumes on Tuesday. S&P 500 futures pointed to an opening advance of 1% while Nasdaq-100 futures indicated […]
Bharat to haul ecomm GMV past the $100 billion mark by 2025: Study
India’s e-commerce growth will likely be driven by Bharat, or users from outside large metro and tier I cities, over the next five-year period. A study by Bain & Company, done in collaboration with online retail giant Flipkart, estimates that India’s online shoppers will grow to 300-350 million by 2025 from around 100 million currently. […]
Preparing for future health needs
Worst-case health scenarios, advance directives, and long-term-care options aren’t the easiest topics to broach. But CPAs can be the ideal professionals to talk with clients about the cost of future health care needs, both expected and unexpected. CPA financial planners offered advice on how to begin conversations with clients about planning for future health care […]
United Airlines pledges loyalty program for $5 billion loan
CHICAGO (Reuters) – United Airlines said on Monday it is pledging its MileagePlus frequent flyer program for a new $5 billion loan aimed at further buffering its liquidity, even as its cash burn rate slows thanks to a steady improvement in demand. So far, United continues to book more new tickets than cancellations for the […]
Claire’s Customers Targeted with Magecart Payment-Card Skimmer
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ETtech Top 5: Foreign celebs dance to Indian tunes, startups left high and dry, Vigo shutdown & more
Happy Monday! Foreign celebs and creators are using Indian song-and-dance-routines in their TikTok posts to bump up their fanbase. India is the biggest international market for the Chinese short-video-sharing platform with over 120 million users—four times that of the United States. And all this comes amid a growing clamour for boycott of Chinese apps in […]