Living on credit through a period of salary cut or job loss is going to be tough because at least a few banks are proactively and sharply reducing credit card and personal loan limits for certain classes of customers. Also affected will be small and medium businesses as loan ceilings to them are also getting […]
In Covid-19 times, it’s tougher to live on credit
Living on credit through a period of salary cut or job loss is going to be tough because at least a few banks are proactively and sharply reducing credit card and personal loan limits for certain classes of customers. Also affected will be small and medium businesses as loan ceilings to them are also getting […]
E-tailers asked to draw up limited list of essentials they want to supply
Illustration: Rahul Awasthi The Department for Promotion of Industry and Internal Trade (DPIIT) has asked ecommerce companies to draw up a limited list of products that they consider essential to deliver as many people work from home. This will include staples and pharmaceuticals already included in the list. E-commerce companies are keen to deliver work-from-home […]
E-tailers asked to draw up limited list of essentials they want to supply
Illustration: Rahul Awasthi The Department for Promotion of Industry and Internal Trade (DPIIT) has asked ecommerce companies to draw up a limited list of products that they consider essential to deliver as many people work from home. This will include staples and pharmaceuticals already included in the list. E-commerce companies are keen to deliver work-from-home […]
Advertising firms seek govt support
In a letter addressed to the Minister of Information and Broadcasting, Prakash Javadekar, the Advertising Agencies Association of India (AAAI), India’s apex body for all major advertising companies, has asked the government to allow treatment of advertising expenses as an investment to encourage larger advertising outlays from companies. The letter pointed out the plethora of […]
Grofers furloughs 50-70 employees due to lockdown losses
Online grocer Grofers has furloughed 50-70 employees from its offline sales and beauty business divisions for three months, citing losses due to curbs on account of the coronavirus pandemic, people familiar with the development said. Employees in the offline sales department were responsible for converting kirana and supermarket outlets into Grofers partner discount stores. Albinder […]
How digital lenders are bracing for Covid-19 impact
Digital lenders – who peddle short-tenured micro loans to salaried individuals – are putting on a brave face as the spectre of job losses and pay cuts looms large. From tightening collection schedules to lowering credit limits, narrowing customer base to only include “super-prime” borrowers and hot-listing companies that may retrench employees, small online lenders […]
How digital lenders are bracing for Covid-19 impact
Digital lenders – who peddle short-tenured micro loans to salaried individuals – are putting on a brave face as the spectre of job losses and pay cuts looms large. From tightening collection schedules to lowering credit limits, narrowing customer base to only include “super-prime” borrowers and hot-listing companies that may retrench employees, small online lenders […]
The rise & hard fall of SoftBank
Fuelled by petro-dollars, cheap Wall Street debt and pixie dreams of multi-billion dollar valuation pops, Softbank and its unicorn hunter founder Masayoshi Son was the only bid in town for most young startup founders. But with snowballing setbacks and losses, that bid is gone. Even the hunter is now being hunted. Son is responsible to […]
The rise & hard fall of SoftBank
Fuelled by petro-dollars, cheap Wall Street debt and pixie dreams of multi-billion dollar valuation pops, Softbank and its unicorn hunter founder Masayoshi Son was the only bid in town for most young startup founders. But with snowballing setbacks and losses, that bid is gone. Even the hunter is now being hunted. Son is responsible to […]