At a time when online marketplaces have come under the scanner for alleged exclusive agreements with smartphone makers, top apparel and footwear brands, including Under Armour, Nike, Marks & Spencer and Adidas are moving away from such agreements. The move by these brands is an effort to reach a wider consumer base, which is not […]
Archives for January 2020
Amazon pumps over Rs 1,700 crore into India units
Ecommerce major Amazon has pumped over Rs 1,700 crore into its payments and wholesale business units in India, signalling opportunity that the US giant sees in the country. Amazon Pay India has received Rs 1,355 crore from Amazon Corporate Holdings and Amazon.com.incs.Limited, while Amazon Wholesale (India) allotted shares worth about Rs 360 crore to Amazon […]
Oyo notifies staff of their status via email; fires 200 in Delhi
After acknowledging that it asked some of its employees to explore careers outside the company, SoftBank-backed Oyo has begun the process of notifying thousands of staffers individually about their status in the organisation through individual emails, people familiar with the matter said. Layoffs in locations like Delhi and Jaipur were communicated to the staff on […]
Oyo notifies staff of their status via email; fires 200 in Delhi
After acknowledging that it asked some of its employees to explore careers outside the company, SoftBank-backed Oyo has begun the process of notifying thousands of staffers individually about their status in the organisation through individual emails, people familiar with the matter said. Layoffs in locations like Delhi and Jaipur were communicated to the staff on […]
Clients can avoid paying half their retirement income to the IRS. Here’s how
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Clients can avoid paying half their retirement income to the IRS. This is howRetirees must determine the type of retirement accounts that have RMDs, according to this Yahoo Finance article. After making this determination, clients are then advise to […]
BlackRock CEO declares ‘fundamental reshaping of finance’
Climate change is the foundation of what may be a fundamental reshaping of finance, BlackRock Chairman and CEO Larry Fink wrote in an open letter to CEOs released Tuesday that announced the asset manager’s plans to place sustainability at the center of its investment approach. BlackRock, which has close to $7 trillion under its management, […]
Nontransparency may be a game changer for the fund industry
American Century Investments was the first asset manager to get SEC approval to register a nontransparent ETF last year. A wave of greenlights followed for firms including T. Rowe Price, Natixis and Fidelity. Unlike the traditional ETF, this new fund can trade without daily disclosure of its securities holdings. Asset managers and experts spoke with […]
Amazon boss Jeff Bezos arrives in India as local traders plan protests
Amazon founder Jeff Bezos arrived in India on Tuesday, according to a post on his Twitter account, as thousands of small traders across 300 cities planned protests, claiming the firm is distorting local retail market. Bezos, dressed in an Indian attire, paid his regards at a memorial dedicated to Mahatma Gandhi, a video posted on […]
Amazon boss Jeff Bezos arrives in India as local traders plan protests
Amazon founder Jeff Bezos arrived in India on Tuesday, according to a post on his Twitter account, as thousands of small traders across 300 cities planned protests, claiming the firm is distorting local retail market. Bezos, dressed in an Indian attire, paid his regards at a memorial dedicated to Mahatma Gandhi, a video posted on […]
Focus on the Future: How to Be A Successful Financial Planner in 2030
Defining how to create a successful practice in 2030 is an ambitious undertaking, one that probably makes you uncomfortable. There are forces at work that are changing not just the landscape of our profession, but the very lives we live and the way we live them. Today’s consumers have been conditioned to receive precisely what […]