Captain Brett Crozier addresses the crew for the first time as commanding officer of the aircraft carrier USS Theodore Roosevelt during a change of command ceremony on the ship’s flight deck in San Diego, California, U.S. November 1, 2019. U.S. Navy | Mass Communication Specialist 3rd Class Sean Lynch | Reuters A since-fired Navy captain’s plea […]
Archives for 2020
Zomato raises $5M from Baillie Gifford affiliate fund, valuation hits $3.25B
Online food delivery and restaurant recommendation platform Zomato has raised close to $5 million (Rs 38.20 crore) from Pacific Horizon Investment Trust, a fund managed by British investment manager Baillie Gifford. According to documents filed by Zomato with the Registrar of Companies, and accessed by business intelligence platform Tofler, the Gurugram-headquartered company has allotted 1,177 […]
IMF praises Ukraine’s decisions on land reform, banking law
KIEV (Reuters) – The International Monetary Fund welcomes the Ukraine’s initial parliament’s adoption of legislation to strengthen the bank resolution framework and looks forward to its final approval, IMF Resident Representative in Ukraine said on Saturday. Last week Ukraine took some steps to qualify for an $8 billion loan deal from the IMF. Parliament voted […]
Amazon to delay Prime Day sales event due to coronavirus
Amazon is postponing its major summer shopping event Prime Day until at least August and expects a potential $100-million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters. Amazon declined to comment. Prime Day, a marketing event Amazon started in 2015 to drum […]
How to close SBI Fixed Deposit Online?
Making a fixed deposit in SBI is one of the safe investment option compared to mutual funds and shares. If you have invested in a fixed deposit at SBI this post if for you. In this post, I will share information about how to close SBI Fixed deposit online? It is advisable to close fixed […]
Tesla is dismissing contractors from its California and Nevada factories, sources say
Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California. Noah Berger | Reuters Tesla is letting go of contractors from its U.S. car and battery plants, according to three workers and correspondence shared with CNBC. The company is cutting contractors from its workforce, both in its vehicle factory in Fremont, […]
E-commerce firms tie up with retailers and e-grocers to help in last mile delivery
Illustration: Rahul Awasthi Several food delivery services, cab and bike taxi aggregators, and non-essential ecommerce firms are joining hands with retail chains and online grocers to supply groceries to consumers stuck at home because of the lockdown. Uber, Domino’s Pizza, Rapido, Zypp, Swiggy, Zomato and Scootsy have all ventured into grocery delivery in partnerships with […]
Remittances to Bharat hit by return of the native
Domestic remittances, usually from big cities and more affluent areas to India’s rural hinterland, plunged about 80% in the past two weeks, triggered likely by a sudden loss of jobs and the return of the migrant workers to their homes. The Centre’s decision to transfer funds directly to their bank accounts might cushion the impact, […]
What to do if your clients’ employer stops matching
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about What to do if your clients’ employer stops matchingSome employers are very likely to stop their matching contributions in their retirement plans to improve their finances during the coronavirus-driven economic meltdown, according to this Fox Business article. If this […]
PCAOB Issues Spotlight for Audits Nearing Completion in Light of COVID-19
The Public Company Accounting Oversight Board (PCAOB) has released a new staff PCAOB Spotlight document, COVID-19: Reminders for Audits Nearing Completion, to provide important reminders to auditors of issuers and broker-dealers for audits nearing completion. Reasons for Issuance of the PCAOB Spotlight Explaining the decision to issue the new Spotlight, Chairman William D. Duhnke III said, […]