Discount broking firm Zerodha said on Thursday it had applied for an asset management company (AMC) licence, which will permit it to build mutual fund products. Nithin Kamath, founder and CEO of Zerodha, told ET that the application to markets regulator Securities and Exchange Board of India (Sebi) is aimed at building such products targeted […]
Archives for February 2020
58% of older clients want advice on retiring early
The top question asked of financial advisers by older clients was whether they can afford to retire early, according to a new survey. Standard Life’s bi-annual survey of nearly 300 UK financial advisers found that the most common question advisers were asked by clients close to retirement was how much money they needed to retire early […]
Dean Emeritus Williams Named to National Accounting Hall of Fame – University of Arkansas Newswire
Feb. 20, 2020 Photo Submitted Doyle Z. Williams Doyle Z. Williams, dean emeritus of the Sam M. Walton College of Business at the University of Arkansas, will be inducted into The Accounting Hall of Fame in 2020. He is among five new members to be inducted into the hall of fame in August during the American […]
I-T dept moves HC against Flipkart’s ITAT ruling
The income tax (I-T) department has taken Walmart-owned Flipkart to high court over its Rs 110-crore demand. The case relates to the treatment of discounts as capital expenditure instead of revenue expenditure, according to court listings reviewed by TOI. Flipkart was issued a notice last month to appear and represent its case following the tax […]
Walmart bets on PhonePe cash withdrawal facility
Walmart’s top executives are betting big on its Indian payments enterprise PhonePe’s foray into digital ATM business to claim the top spot in the country’s increasingly competitive digital payments market where the global retailer faces stiff competition from peers Google, Amazon, Facebook and Alipay-backed Paytm. The recently-launched digital ATM feature by PhonePe plans to enable […]
IIT-M admits e-mail servers are down
IIT Madras has roped in technology services company Microsoft to resolve a server-related dysfunction impacting official e-mails since late Monday evening, said a senior professor aware of the network issue plaguing one of the top engineering and research institutes in the country. In a statement to the press on Wednesday, IIT-Madras said the e-mail sever […]
Partner Pages 2020: Objection! A masterclass in challenge management
Welcome to Partner Pages: a magazine made up of stories from the Xero Partner community, for the Xero partner community and shared as part of Roadshow Australia each year. As any bookkeeper, accountant or BAS agent will agree, part of the job description might as well be ‘expertise in the skill of objection handling’. And no matter […]
Partner Pages 2020: On board with change
By Sheree Willems, Owner, Cloud Kin, Western Australia Welcome to Partner Pages: a magazine made up of stories from the Xero Partner community, for the Xero partner community and shared as part of Roadshow Australia each year. Since saying goodbye to the nine-to-five life, bookkeeper Sheree Willems has been doing things a little differently. Working and living aboard […]
CCI fails to prove e-commerce marketplaces’ exclusive deals with smartphone makers
India’s competition watchdog did not have any material on record to prove that ecommerce marketplaces Amazon and Flipkart entered into exclusive deals with smartphone manufacturers on their platforms, according to a detailed transcript of a court order. The Karnataka High Court had on Friday stayed the Competition Commission of India’s January 13 directive ordering a […]
Get ready: Changes to Australian modern awards coming in March
If you’re an Australian employer, you may be aware that changes are coming to modern awards that will require added compliance. The Fair Work Commission announced its final decision last year amid media stories of employers underpaying workers. The new award requirements take effect 1 March 2020. Many businesses will need to review employment contracts […]