Illustration: Rahul Awasthi Top payment companies owned by global giants Google, Alibaba and Walmart are seeking regulatory and government intervention against alleged inefficiency at some banks and telcos in helping curb customer frauds. These are UPI based frauds where customer accounts are compromised after the victims are socially manipulated either through a targeted phone call […]
Archives for February 2020
As coronavirus stifles China, economic logjams build worldwide
By Matt Phillips In Australia, after hauling hundreds of thousands of tons of iron ore to China, returning freighters can face a 14-day quarantine before being able to reload. BHP, which has headquarters in London and Melbourne and is one of the world’s largest copper mining companies, has been in talks to possibly delay shipments […]
WhatsApp announces it now has 2 billion users globally
Facebook owned messaging giant WhatsApp announced on Wednesday that it now has two billion users globally. Reiterating its stance on encryption in the global announcement, WhatsApp said strong encryption is a necessity in modern life and that it will not compromise on security because that would make people less safe. WhatsApp did not share market […]
Automakers not getting many cab rides now
Illustration: Rahul Awasthi A slowdown in the app-based cab aggregator space has hurt the sales of cars and utility vehicles to the segment, which fell to their lowest level in five years in 2019. Several automakers have arrangements with car aggregators such as Ola and Uber to sell vehicles to drivers who join their platforms. […]
Prolonged slide in financial health of Indian firms comes to end
By Rahul Satija The lingering effects of India’s shadow banking crisis and slowing economy have left companies’ financial health around the worst levels in years, but one gauge shows the prolonged deterioration has at least halted for now. Care Ratings Debt Quality Index, which tracks credit metrics of 1,604 rated firms on a scale of […]
China factory closures may leave online retailers’ shelves empty
Illustration: Rahul Awasthi Amazon and Flipkart, the country’s two largest web retailers, are likely to see an impact on overall sales due to the prolonged closure of factories in China on account of the coronavirus outbreak, analysts and industry insiders told ET. A supply crunch in smartphones, televisions, large appliances and consumer electronics, which comprise […]
What to do if your client waited too long to address retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. What to do if your client waited too long to address retirementOlder clients who want to stop procrastinating and start catching up with their retirement goals are advised to get hold of their finances and reduce their spending, according […]
Partner Pages 2020: This goes with that – introducing the app matchers
By Sarah Pilling and Vita Lo Presti, Founding partners, Bramble and Briar, Victoria 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. Chartered accountants Sarah Pilling and Vita Lo Presti have made an art out of finding […]
How the right technology can be a game-changer for non-profits
We’re a country of do-gooders here in New Zealand. We ranked third on last year’s World Giving Index and we have 27,800 charities for a population of just under five million. There are around 115,000 organisations in New Zealand’s not-for-profit (NFP) sector. These are a mixture of incorporated and unincorporated organisations, depending on their income, […]
FASB to propose private company expedient for share-based payment accounting – Journal of Accountancy
Accounting for employee share-based compensation could become less complex for private companies after FASB on Wednesday endorsed the decision by the Private Company Council (PCC) to propose a practical expedient for nonpublic entities. Share-based payment accounting has been discussed by the PCC on several occasions since 2013 because of two concerns: The permitted methods for […]