The $5.7 billion Facebook-Reliance Jio deal needs to be scrutinised by the country’s competition watchdog, mainly from the point of view of data that the combined entity will control, top government officials and industry experts told ET. The two companies are “data elephants” in terms of controlling private data of Indians, and together the combined […]
Archives for 2020
Net Neutrality laws likely to be tested in clearance for FB-Reliance Jio deal
Illustration: Rahul Awasthi The possibility of Facebook apps getting preferential treatment on Reliance Jio’s network will be a factor regulators will have to keep in mind while evaluating the deal. While India has strong Net neutrality laws, they might be tested in a major way given the magnitude of the deal. The Department of Telecommunications […]
Reliance Jio-FB deal will upend payments sector: Experts
Illustration: Rahul Awasthi The Reliance Jio-Facebook partnership is expected to upend the digital payments sector, crowd out small players and drive consolidation, fintech experts said. Facebook-owned instant messaging platform WhatsApp and telecom operator Jio plan to work with 30 million corner stores across India to help them transact digitally with customers in their neighbourhood. The […]
Clip From Today’s Closing Bell
Josh Brown’s Last Chance Trade: BDX, TMO, BAX from CNBC.
Lowest-cost funds with the best 10-year returns
As investors continue to seek the biggest bang for their buck, analysis of the lowest-cost funds in the industry show they may have been on the right track all along. The 20 funds with the best 10-year returns and fees below 5 basis points — and with at least $500 million in assets under management […]
Tips for navigating CPA challenges related to PPP
News FINANCIAL REPORTING & AUDITING By Ken Tysiac {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} Designed by Congress to provide a lifeline to small businesses and not-for-profits that are suffering from the economic effects of the coronavirus pandemic, the Paycheck Protection Program (PPP) has resulted in many questions for CPAs attempting to serve their […]
Relief for tax residency impacts of COVID-19 travel disruptions
The IRS provided relief Tuesday to individuals and businesses whose tax residence might be affected by cross-border travel disruptions arising from the COVID-19 crisis, such as canceled flights, border closings, or shelter-in-place orders. The relief eases some potential consequences that a prolonged stay in a country may have on the determination of where an individual […]
Ripple sues YouTube over cryptocurrency scams
Blockchain firm Ripple sued Alphabet’s YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency “giveaway” scams that use fake social media profiles to dupe victims into sending money. The company says scammers on YouTube have been impersonating Ripple and its CEO, Brad Garlinghouse, to bait viewers into sending thousands of dollars […]
How Facebook is logging into the Reliance Jio ecosystem
Illustration: Rahul Awasthi Among the many things left unsaid in the several statements surrounding the $5.7 billion investment by Facebook in Reliance Industries Ltd.-owned Jio Platforms on Wednesday, was that the social media giant’s messaging service WhatsApp could now be transitioning beyond an app into a “platform”, with commerce and transactions (payments) becoming integral to […]
The death of traditional accounting – Accounting Today
It wasn’t that long ago that people drove their cars holding a large unfolded map in one hand, glancing at it now and then to determine when to make the next turn. Today, we look back and marvel at how antiquated this everyday practice has become. Technology has a way of doing that to us, […]