L&T Infotech, Vodafone Idea, Tata Consultancy Services and several other companies have cut back on their business with SoftBank-backed Oyo Hotels & Homes for employee accommodation, people familiar with the matter at the hospitality firm, some of its former employees and hotel partners said. These sources cited multiple issues ranging from safety and security of […]
Archives for January 2020
Zo Rooms challenges Oyo rejig in Delhi HC
The battle between Zo Rooms and Oyo has intensified with a fresh plea in the Delhi high court against the restructuring move by the SoftBank-backed accommodation major. Zo Rooms on January 21 filed a petition in the Delhi HC against Oyo’s decision to restructure its businesses and house them in new entities without informing the […]
Oyo gives B-schools a miss amid company rejig
Amid layoffs and restructuring, Oyo Hotels and Rooms has suspended further campus hiring for now, but the hospitality chain said the exercise will not impact job offers already rolled out at institutes. The SoftBank-backed hospitality chain, which is under pressure to rein in costs and streamline operations, has/will be giving most Bschools, including IIM Bangalore, […]
Your client got a raise? Here’s how to keep them focused on retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Advising clients after they get a raiseReceiving a raise could be counterintuitive for clients, as a salary increase can complicate retirement planning if they boost their lifestyle instead of their savings, an analysis by Morningstar found. The phenomenon known […]
What These 3 Simple Analytics Tell You About Your Financials.
Cash flow: your bottom line—really Your cash flow statement shows the flow of cash in (how much cash you receive) and out (cash you spend) of your business during a set period of time. Used with your income statement and balance sheet, this is a key way to make sure you’ve got enough to keep […]
Art of Accounting: 120 free checklists – Accounting Today
My tax season checklists have been updated and are ready for you in a Word file so you can use them as you want. There are now 120 checklists on tax season and many other topics that come up on a regular basis. The checklists have become an annual tradition, and I expect over 4,000 […]
Can Jeff Bezos buy India? Apparently not
By Brad Stone The last two weeks have been remarkably eventful for Jeff Bezos. First, the Amazon co-founder’s visit to India was met with street-side protests, a new antitrust investigation into “predatory pricing and unfair trade practices” and hostile comments from the government led by India Prime Minster Narendra Modi. Then last week, Bezos’s yearlong […]
A fix for online child porn problem in India
A committee formed to look into the issue of child sexual abuse material on social media platforms has recommended that companies follow a uniform benchmark practice in regulating and taking-down such content. The Rajya Sabha panel headed by Congress leader Jairam Ramesh said social media platforms must target encrypted content to identify child sexual abuse […]
Practical Cybersecurity Steps For (Independent) Financial Advisors To Better Protect Client Data
Executive Summary In most financial planning firms today, nearly all business operations depend on some form of cloud-based technology or other data storage system. And given the sensitive and personal nature of client information that financial advisors are entrusted with and work with on a daily basis, reliable security measures need to be implemented to […]
Dow futures sink more than 400 points as coronavirus cases rise
U.S. stock index futures fell sharply Monday morning after more cases of the coronavirus were confirmed over the weekend. Around 6 a.m. ET, Dow futures indicated a negative open of about 500 points. Futures on the S&P 500 and Nasdaq were also lower. Investors were rattled Monday as worries about the potential impact of the […]