With massive workforces now remote, the stress of IT admins and security professionals is compounded by the increased pressure to keep everyone productive and connected while combatting evolving threats. Now more than ever, organizations need to reduce costs, keep up with compliance requirements, all while managing risks in this constantly evolving landscape. Azure Security Center […]
Archives for June 2020
Indonesian ride-hailing firm Gojek cuts 9% of headcount
Indonesian ride-hailing and payments firm Gojek announced on Tuesday it would lay off 9% of its employees, or 430 workers, and close down its lifestyle services arm, GoLife. A spokesman said the company would “prioritise its high-impact core businesses of payments, transport and food delivery in a long-term response to the COVID-19 pandemic.” Reuters reported […]
Amazon pledges $2 billion venture capital fund to invest in clean energy
Amazon said on Tuesday it will launch a $2 billion venture capital fund that will focus on technology investments to reduce the impact of climate change and support sustainable development. The Climate Pledge Fund will invest in companies across industries such as transportation and logistics, energy, storage and utilization, manufacturing and materials, and food and […]
New FDI rules may cloud Ant’s investment in Zomato
Zomato’s existing investor Info Edge has said that the online food delivery and restaurant discovery platform is yet to receive $100 million from the $150 million it raised from existing backer — China’s Ant Financial — in January this year. Additionally, it is being “evaluated” if this capital needs government approval amid curbs on investments […]
Slow clearance of Chinese goods may put e-tail in a spot
India’s move to delay Customs clearance for goods, components and raw materials imported from China could hurt companies like Flipkart, Amazon, Snapdeal and Paytm Mall, as it puts at risk categories that contribute over 50% of sales on these ecommerce platforms. Apart from smartphones — which is the largest sales driver for online retailers — […]
Online sales double for top consumer brands in India due to Covid-19
India’s largest consumer goods companies saw Covid-19 led disruptions significantly boosting online sales in India and for several e-commerce sales and contribution to overall business have doubled. This is true for top deck companies like Hindustan Unilever, ITC, Parle Products, LG, Vivo and Godrej. Senior executives said several consumers continue to buy online rather than […]
Govt to hold meeting with e-commerce marketplaces this week
The government will hold a meeting with leading e-commerce marketplaces on Wednesday in order to persuade them to prominently display the ‘country of origin’ of products on their platforms, in a bid to curb imports from China. The move to have Amazon, Flipkart, Snapdeal and others display the ‘country of origin’ follows a mandate by […]
Ben & Jerry’s joins boycott of Facebook and Instagram ads in the US
Ben & Jerry’s co-founders Ben Cohen (L) and Jerry Greenfield (R) serve ice cream following a press conference announcing a new flavor, Justice Remix’d, September 03, 2019 in Washington, DC. Win McNamee | Getty Images Ben & Jerry’s said on Tuesday that it will pause all paid advertising on Facebook and Instagram in the U.S. […]
SEC staff guidance addresses pandemic-related disclosures
Public companies need to carefully consider their obligations in disclosing the coronavirus pandemic’s effect on their operations, liquidity, and capital resources, according to staff guidance issued Tuesday by the SEC Division of Corporation Finance. The division is monitoring how companies are disclosing the effects and risks related to the pandemic on their businesses, financial condition, […]
Rollover relief for required minimum distributions
In Notice 2020-51, the IRS provides relief for taxpayers who had already taken required minimum distributions (RMDs) in 2020 before the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, suspended the RMD requirement for 2020 in response to the coronavirus pandemic and its effect on taxpayers and the stock market. Taxpayers who already […]