SoftBank Group Corp reported losses of nearly $18 billion at its much-vaunted Vision Fund, the heaviest in the Japanese conglomerate’s history, after it wrote down the valuations of quite a few of its most prominent portfolio companies. It also warned of the likelihood of 15 of its portfolio firms going bankrupt in the wake of […]
Archives for 2020
10 Business Ideas to Make Money in Corona Crisis
Business Ideas to Make Money during Corona Crisis – Corona Crisis is creating severe problems for everyone. Businessmen, as well as job people everyone is affected due to this crisis. Most of the people are searching for business ideas and ways to make money during this uncertain time. If you are one of them, here is […]
Cellular connectivity sets a new standard for telehealth
Remote patient monitoring has been increasing over the last few years but, with home visits from healthcare professionals minimised because of COVID-19 lockdowns, services are poised to take off into the mainstream, writes Peter Fowler, SVP of Quectel. As the coronavirus has spread rampantly in the US, even patients who typically make frequent trips to […]
Three things you can’t do in this world
Three things you can’t do in this world… There are more than three things but these are the three things that occurred to me over the last few weeks. One: Teach children via distance learning. I know many teachers who are trying to do this and are extremely frustrated. It goes beyond the technological limitations, […]
ETtech Top 5: Swiggy layoffs, SoftBank’s record loss, Jobseekers’ dilemma & more
Happy Monday! It’s the first day of Lockdown 4.0 and we’ve seen companies scramble to pick up the pieces in a few states, albeit with some caveats. E-commerce, as we know it, will soon be back. Ride-hailing services like Uber and Ola have resumed operations in Karnataka. And life seems to be limping back to […]
FSCS declares 12 firms in default in April
The Financial Services Compensation Scheme has declared 12 collapsed regulated firms in default during April. In doing so, the FSCS has opened the door to investors to claim compensation for losses with the firms. The defaulted firms include Berkeley Burke SIPP Administration, one of the biggest SIPP failures, and Discretionary Fund Manager and SIPP firm […]
If The S&P 500 Falls To 2,000: How Financial Advisors Can (And Should) Be Preparing For The Next Crisis
Executive Summary Over the past several weeks, the major stock indices have experienced both the fastest crash and the most robust market bounce ever seen. In the process, financial advisors have watched their clients transition from abject panic to outright relief and have worked hard to keep their clients focused on their long-term goals… while […]
Swiggy to axe 1,100 jobs as Covid-19 crisis hits business
Food delivery app Swiggy will cut 1,100 jobs across the country over the next few days, as it reels under the Covid-19 induced nationwide shutdown. The development comes after rival Zomato said last week that it would lay off 13% of its workforce, or about 520 employees. “The core food delivery business has been severely […]
Is Another Accounting Issue Brewing for Amyris? – The Motley Fool
It appears that Amyris (NASDAQ:AMRS) is finally turning a corner. High-margin product revenue from consumer brands is growing at a healthy clip. If the trend continues throughout 2020, then it’s possible the business could be on the path to generating operating income and positive operating cash flow in the next year or two even after […]
Iran complains to U.N., summons envoy over U.S. threat on Venezuela shipment
(Reuters) – Iran complained to the United Nations on Sunday and summoned the Swiss ambassador in Tehran, who represents U.S. interests in the Islamic Republic, over possible measures Washington could take against an Iranian fuel shipment to Venezuela. A senior official in U.S. President Donald Trump’s administration told Reuters on Thursday the United States was […]