Necessity is the mother of business strategy – in less than a week, some of the biggest names in retail, fashion and lifestyle have started selling face masks. New mask sellers include Amazon, Flipkart, Myntra, BigBasket, Reliance Retail and Grofers. The move comes as Delhi, Maharashtra, Uttar Pradesh, Odisha and Chandigarh make wearing masks mandatory […]
Archives for 2020
Flipkart looking at ties with retail chains, FMCG giants
Flipkart is going to enter into a series of partnerships with brick-and-mortar retailers and leading FMCG companies to spruce up its offerings in its weakest business area of essentials. On Thursday, it formed such an arrangement with Spencer’s Retail. The Walmart-owned ecommerce firm is in advanced talks also with Hindustan Unilever and ITC to sell […]
IRS grants broad coronavirus-related tax relief
Taxpayers were granted additional, broad tax filing and payment deadline relief by the IRS late on Thursday, in line with relief requested by the AICPA over the past several weeks amid the coronavirus pandemic. The new relief, issued in Notice 2020-23, applies to all taxpayers that have a filing or payment deadline falling on or […]
Pandemic gives hyperlocal model a new lease of life
Illustration: Rahul Awasthi Hyper-local delivery of food and groceries has made a resurgence over the past few weeks amid the ongoing 21-day nationwide lockdown, although industry insiders are sceptical whether the trend will last. E-commerce companies and other delivery-based businesses are forging partnerships with physical stores to fulfil increased orders at a time when customers […]
Social media firms have to deal with misinformation responsibly: Ravi Shankar Prasad
Along with initiatives around work from home and innovative use of telecom spectrum, incentives worth ₹48,000 crore for the electronics manufacturing sector will play a big role in reviving the economy reeling from the Covid-19 virus outbreak, said Union Minister for Electronics and IT and Communications Ravi Shankar Prasad. In an interview with ET’s Surabhi […]
Op-Ed: Get ready for the recovery of the 1%
Pedestrians wearing face masks walk past the New York Stock Exchange in New York, on March 18, 2020. Michael Nagle | Xinhua via Getty Images There were two important economic events on Thursday. The government reported that 6.6 million Americans filed for unemployment, an all-time record. And the Federal Reserve announced a new program to […]
Is your business continuity plan ready for SEC scrutiny?
Granted, no advisors could have foreseen a pandemic. But business continuity plans are ranking high on the SEC’s must-read list as the commission continues its remote compliance reviews of RIAs for the duration of the outbreak. “Who could have predicted an event that would have impacted the entire globe simultaneously?” asked Lori Weston, a managing […]
Consulting with Employees about Workplace Change
We are going through strange and uncertain times, and you may need to make a major workplace change. Things are different now. They may never be the same again. The rules of Fair Work still apply! So it’s important to remember what the rules are (and yes they seem to be changing constantly at the […]
Morgan Stanley CEO recovers from coronavirus
Morgan Stanley CEO James Gorman, seen here in Davos, Switzerland, on January 2020, disclosed to employees that he had tested positive for the coronavirus, but has since recovered.Bloomberg News Morgan Stanley’s James Gorman has recovered from an apparently mild case of the coronavirus that the firm hadn’t previously disclosed. The chief executive is the highest […]
After coronavirus ordeal, advisor warns against ‘false sense of security’
The coronavirus dealt financial advisor Zachary Edwards about two weeks of body aches, fatigue, high fevers and a nasty cough — along with a four-hour trip to the emergency room. Even though he was sick, the Davenport, Iowa-based Waddell & Reed representative kept working and keeping in touch with clients as the economy fell into […]