Major American universities — including Harvard, Princeton and Columbia — have been forced to cancel classes because of the coronavirus and move lessons online, affecting tens of thousands of students. The US government has refrained from imposing an official ban so the often privately run institutions are each grappling with how best to deal with […]
Small sellers find an online route to customers via tech platforms
Small sellers, which retail mainly through big ecommerce marketplaces such as Flipkart and Amazon, are now trying to directly connect with consumers through technology platforms such as Shopify. This comes at a time when they, led by an online vendors’ group, have intensified the fight against established ecommerce players over alleged predatory pricing and preferential […]
3 Steps to Run Your Business Like a Genius
Albert Einstein is not the only genius to acknowledge that whether the subject is something as vast as the universe or as microscopic as an atom, there is a process involved. In order for something to work effectively it must be rooted in a foundation of a successful process. Your business is no different. In […]
Alibaba’s Alipay to open app to more services to take on Meituan
Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food delivery and hotel bookings on its Alipay mobile payment platform in an expansion beyond its financial services focus. Alipay traditionally competes against Tencent’s WeChat pay in China for mobile payments and financial services, with users […]
Walmart asks Myntra to reduce discounts, streamline processes
To focus on profitability, US retailer and Flipkart Group parent Walmart has clamped down on processes at online fashion retailer Myntra, which includes shutting down small warehouses, bringing down the level of inventory and reducing discounts on the online platform, sources said. “There is a strong focus on profitability and processes at Myntra and it […]
Ed-tech firms go on hiring spree, look at creating 3,000 new jobs next year
While companies like Oyo, Zomato and Urban Ladder are trimming their workforce, here is a pack of startups that is on a hiring spree. UpGrad, Vedantu, Simplilearn, Dronstudy, Udemy and CollegeDekho, all belonging to the ed-tech space, are looking at creating at least 3,000 new jobs, mainly in tech, product and sales, over next year. […]
Clarity Is Key to Client Conversations
Why is clear communication so crucial to effective conversations between advisers and clients? “The single biggest problem in communication is the illusion that it has taken place,” said George Bernard Shaw. Most of us know what message we’re trying to communicate to our clients, but do we take into account what they want and what […]
The two-day, two trillion-dollar wipeout
CNBC.com: The S&P 500 just wiped out about $1.737 trillion of its value during its two-day market sell-off, according to S&P Dow Jones Indices. The equity benchmark lost $810 billion in value on Tuesday, adding to its $927 billion loss on Monday, according to the firm’s Senior Index Analyst Howard Silverblatt. It’s down $2.138 trillion […]
PhonePe receives Rs427 crore from its Singapore parent
Walmart-owned Flipkart’s digital payments arm PhonePe has received a Rs 427 crore (about $60 million) cash infusion from its Singapore-based parent, regulatory filings show. This is the third such capital infusion into the loss-making digital payments company in the ongoing fiscal year, with investments totalling Rs 1,710 crore (around $240 million). PhonePe Private Ltd, Singapore, […]
It’s Karma: Once struggling startup unlocks fintech riches
By Tom Metcalf and Julie Verhage Ken Lin co-founded Credit Karma Inc. in 2007 after struggling to find out his own credit score. That’s something he probably won’t need in the future. Intuit Inc. — the software giant behind TurboTax — said Monday it’s buying Credit Karma for about $7.1 billion in cash and stock. […]