Treasury and the U.S. Small Business Administration (SBA) released new Paycheck Protection Program (PPP) guidance Friday night that provided some clarity on several loan forgiveness questions but didn’t address the two parts of PPP that arguably have generated the most concerns among the millions of small businesses and other entities that have received funding. Two […]
Archives for 2020
Meituan Dianping posts Q1 loss, warns virus impact to continue
Chinese food delivery giant Meituan Dianping posted a smaller-than-expected fall in revenue on Monday after its business was hit by nationwide virus curbs but cautioned that the pandemic would continue to have an impact. After three consecutive profitable quarters, the company said the loss for the first quarter ended March 31 was 1.58 billion yuan […]
Rebel Foods brews a new food kits plan
Illustration: Rahul Awasthi Rebel Foods, India’s largest cloud kitchen chain, which operates Faasos, Oven Story, Firangi Bake, and Behrouz, is planning to use its kitchen infrastructure to expand beyond its own cooked meal brands, a top executive told ET. This will be done by diversifying into ready-to-cook kits, meats, packaged snacks, as well as scaling […]
CarDekho lays off 200 employees, up to 22.5% pay cut for rest
Online auto classifieds portal CarDekho has laid off around 200 employees, and initiated pay cuts across the board, making the Jaipur-headquartered company the latest in a series of well-funded startups that have retrenched staff in the wake of the Covid-19 pandemic. The development was first reported by digital news publication Entrackr, citing sources and an […]
ETtech Top 5: The co-founder title, Insta ads on TikTok, overstretched hospitals & more
Happy Monday! Do you think it’s okay to designate executives as co-founders even if they haven’t technically founded the company? That’s the question ETtech asked on a Twitter poll. And nearly two-thirds of the respondents said it’s not okay to pick hired executives as co-founders. @samidhas Do you think it’s okay to designate executives as […]
Art of Accounting: Planning your strategic planning meeting – Accounting Today
This is the time of year when most firms that have retreats or strategic planning meetings finalize their plans. These meetings are more necessary and important than ever, and should be scheduled if you haven’t yet done so. If circumstances don’t much change (hopefully they will), the meetings would be done virtually. Here are some […]
Startup executives who were named co-founders
Indian startups, including some unicorns, have accorded the coveted co-founder title to several executives who joined the company at later stages, underlining the importance given to experienced professionals as these firms scale. Food ordering platform Zomato did it for a second time when it elevated Mohit Gupta, the CEO of its food delivery business, as […]
India user base grew 120%; focus on developing culturally relevant products: Snapchat
Photo-messaging app Snapchat has seen significant growth in India business, and its daily active user base (DAU) in the country has jumped 120% year-on-year in March 2020, a senior company executive said. Speaking to PTI, Snap Inc Managing Director (International Markets) Nana Murugesan said the company has been expanding its team in India, which is […]
Under Pressure
Facts“News guy wept and told us, Earth was really dying, cried so much his face was wet, then I knew he was not lying” – Five Years As I write, over 1.6 million Americans have contracted the virus and almost 100,000 have died of it. We have more cases and more deaths than any other […]
Overcoming A Disciplinary U4 Disclosure To Reinvent Your Advisory Business
Executive Summary When applying to register within the securities industry, whether as a registered representative of a broker-dealer or an investment advisory representative of an RIA, individuals must complete and file FINRA’s Form U4. The form asks for personal information such as employment and residential history, education, and designations, but is most commonly known for […]