The Ministry of Consumer Affairs issued a circular on Tuesday directing e-commerce companies to maintain proper hygiene of all last-mile delivery processes in order to safeguard employees and consumers from the Covid-19 virus. The guidelines follow a March 13 notification from the ministry ordering that surgical masks and hand sanitizers be designated as essential commodities […]
Archives for 2020
With discretionary spends in a freeze, retailers catch a cold
Illustration: Rahul Awasthi Sales of smartphones, electronics, apparel, home appliances and furnishing have taken a beating due to the Covid-19 virus outbreak, as Indian consumers stay at home and cut back on discretionary spending in an already sluggish market. Several consumer brands, retailers and sector analysts told ET that demand has dropped palpably, except food […]
The future of viruses and AI
#Awesome“…In theory, AIs could be used to predict the evolution of the coronavirus too. Inam imagines running unsupervised learning algorithms to simulate all possible evolution paths. You could then add potential vaccines to the mix and see if the viruses mutate to develop resistance. “This will allow virologists to be a few steps ahead of […]
Treasury secretary announces 90-day delay in tax payment deadline
The AICPA is aware that Treasury Secretary Steve Mnuchin announced today a series of tax relief measures designed to assist taxpayers and tax preparers during the coronavirus pandemic. We are confirming the specifics of these actions with Treasury and the IRS and will update members as soon as possible. Please continue to monitor this page […]
A COVID-19 Cybersecurity Poll: Securing a Remote Workforce
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Oyo parent gets $807 million from SVF, RA Hospitality
Oravel Stays, the parent company of hospitality chainOyo Hotels & Homes, has received a capital infusion of about $807 million (around Rs 5,976 crore) from two of its backers, SVF India Holdings and RA Hospitality, the Ritesh Agarwal-controlled investment entity, as part of its ongoing $1.5 billion funding round. In regulatory filings with the Registrar […]
Facebook announces $100 million program for small businesses impacted by coronavirus
Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks during a joint hearing of the Senate Judiciary and Commerce Committees in Washington, D.C., U.S., on Tuesday, April 10, 2018. Al Drago | Bloomberg | Getty Images Facebook announced a $100 million program to help small businesses as governments throughout the country urge local […]
Global airlines running out of cash, need govt support – IATA
LONDON (Reuters) – Swift government action is needed to help global airlines that are in a desperate situation and running out of cash, the International Air Transport Association warned on a media call on Tuesday. “If we want to maintain a strong airline sector able to cope with this difficult crisis and provide the resources […]
Indonesia’s Gojek closed $1.2 billion funding last week: Internal memo
Indonesian ride-hailing and payments firm Gojek closed an additional $1.2 billion of funding last week, according to an internal memo reviewed by Reuters. The memo said the company’s total funding stands at just under $3 billion, and added it was still seeing “strong demand” among the investment community despite “turbulence within the tech investment environment […]
Digital Transformation Falling Flat? Bring in the Pirates
IT leaders should reflect on how and why digital transformations fail and tap nonconformists who are not afraid to think outside the box as a start. Over the course of my career, I’ve been fortunate to work with clients who have seen tangible and sustainable results on their journey towards transforming their organization. But recently, […]