Archana Puran Singh (L) and Bhagyashree (R) On May 7, actor-comedian Danish Sait Instagrammed a photo of him driving his domestic help, Geeta, to and from his apartment complex, adding he is “happy to have her back”. The lockdown guidelines in his locality in Bengaluru had eased a little, allowing domestic workers to enter residential […]
Archives for June 2020
Some companies that have been forced to lay off staffers are helping them find jobs elsewhere
The hiring team at food aggregator Swiggy has been busy during the lockdown. First they gave pink slips to about 1,100 employees. Now, they are engaged in outplacement -finding jobs to those who have been fired. Girish Menon, vice-president of human resources at Swiggy, says that the Covidhit business environment had forced them to take […]
Huge demonstrations against racism take to streets around the world over George Floyd killing
Demonstrators hold their fists in the air during at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee People across the U.S. and other parts of the world are gathering in major demonstrations on Saturday against racism and police violence, marking the 12th consecutive […]
Facebook’s Zuckerberg promises a review of content policies after backlash
(Reuters) – Facebook (FB.O) CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics. Zuckerberg did not promise specific […]
Yatra scraps merger deal with US-based Ebix
Yatra Online said on Friday it was terminating a pending merger agreement with U.S. software firm Ebix, and had filed a litigation seeking “substantial” damages for Ebix’s alleged breach of deal terms. Ebix had agreed to buy Yatra in 2019 for an enterprise value of $337.8 million, aiming to beef up its portfolio of Indian […]
Zomato to focus on food delivery, cut back grocery
Zomato is putting its focus back on its core business — food delivery — as hotels and restaurants are expected to reopen from next week. This would result in the company scaling down its operations in grocery delivery, which it had entered during the lockdown. Several consumer-focused startups had ventured into the space during the […]
View: India finds a golden opportunity with telecom’s latest tech-away
By Prabal Basu Roy By attracting massive global capital, Reliance Jio has demonstrated how the power of critical mass can be used to modernise and monetise. The current thrust of GoI’s Atmanirbhar Bharat Abhiyan (ABA), too, rests on the basic premise of exploiting the advantage India has of a huge, demographically relevant, consuming population. But […]
‘The troops hate it’: John Kelly criticizes Trump threat to use armed forces to quell protests
White House Chief of Staff John Kelly. Saul Loeb | AFP | Getty Images WASHINGTON — Former White House chief of staff John Kelly said Friday that he did not agree with President Donald Trump’s threat to deploy active-duty U.S. military as the nation braced for another week of planned protests over the death of George […]
Indian travel firm Yatra scraps merger deal with U.S.-based Ebix
(Reuters) – India’s Yatra Online Inc said on Friday it was terminating a pending merger agreement with U.S. software firm Ebix Inc (EBIX.O), and had filed a litigation seeking “substantial” damages for Ebix’s alleged breach of deal terms. Ebix had agreed here to buy Yatra in 2019 for an enterprise value of $337.8 million, aiming […]
Current PFP News
To find all COVID-19 related content, visit aicpa.org/PFP/covid19 “Love has no meaning if it isn’t shared. Love has to be put into action.” – Mother Teresa. The power of your positive words, actions, objective guidance, and a caring ear can help others during this time of extreme hurt and suffering. Updated for 2020: The proactive […]