Food-delivery and restaurant discovery app Zomato is extending its subscription-based Gold memberships by two months in India and other countries like UAE, Australia, Indonesia, Philippines, Lebanon, Turkey, New Zealand, Portugal and Qatar in the wake of Covid-19 outbreak across the world. Zomato will also be facilitating working capital loans for its Gold partner restaurants and […]
Archives for March 2020
Dineout offers vouchers to aid restaurants tide over Covid-19 lockdown
Online restaurant reservation platform Dineout* has introduced “restaurant vouchers” that customers can purchase now and redeem later when the Covid-19 pandemic subsides. These restaurant vouchers can be redeemed in the next six months and Dineout will transfer the funds to the restaurants at no additional charges to ensure that restaurants continue to receive the crucial […]
New Accounting Rules Are Giving Banks a Coronavirus Headache – The Wall Street Journal
Some of the rules introduced to protect banks after the 2008 financial crisis are aging better than others in the 2020 one. European regulators are working furiously with the region’s banks to keep its financial system ticking over as Western economies are hit by the coronavirus shutdown. Many of the regulations forged in the meltdown […]
MakeMyTrip top execs to draw zero salary, leadership team takes 50% paycut
Online travel firm MakeMyTrip‘s top executives Deep Kalra and Rajesh Magow have decided to draw ‘zero salary’ from April 2020, while the rest of its leadership team will take a reduction of around 50% in their compensation amid the Covid-19 outbreak. Group Executive Chairman Deep Kalra and its Group CEO Rajesh Magow have decided to […]
Zomato, Swiggy operate with minimal staffing as restaurants shutter
Illustration:Rahul Awasthi Online food delivery startups Swiggy and Zomato are working with minimal delivery partners and limited restaurant partners in several states as riders and kitchen staff have refused to step out fearing police harassment amid the Covid-19 virus induced lockdown. Kitchens have also started facing issues with procuring supplies to run operations, further pressuring […]
CPI inflation rate falls by 0.1% to 1.7%
The Consumer Prices Index (CPI) 12-month rate fell from 1.8% in January to 1.7% in February. The information was released this morning a few hours earlier than normal due to the Coronavirus outbreak. ONS, which releases the information, said that starting today it will publish price sensitive information at 7 am rather than 9.30 am. […]
Treasury yields edge higher as White House and Senate strike stimulus deal
At around 3:15 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was cautiously higher at around 0.8337%, while the yield on the 30-year Treasury bond inched up to 1.3824%. Senate Majority Leader Mitch McConnell tweeted in the early hours of Wednesday that the Senate had reached a bipartisan […]
Jack Dorsey-led Square withdraws annual revenue guidance
(Reuters) – Jack Dorsey-led Square Inc on Tuesday pulled its 2020 revenue forecast on uncertainty related to the coronavirus outbreak, a day after Twitter Inc, which is also headed by Dorsey, withdrew its full-year outlook. Square also lowered its revenue forecast for the first quarter. Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel […]
Legal accounting software Market – Top Participant To Focus On Regional Expansion – Global Industry News 24
Zion Market Research analysts forecast the latest report on “Legal accounting software Market – Top Participant To Focus On Regional Expansion”, according to their latest report. The global Legal accounting software Market report provides significant information about Legal accounting software Market by fragmenting the market into different segments. Global Legal accounting software Market Report concentrates on […]
New initiatives to support our customers and community during COVID-19
To our Xero community, These are challenging times for everyone. Our purpose is to make life better for small businesses and during these challenging times, this mission is more important than ever. Millions of customers rely on Xero every day to help run their businesses online, and we are working hard to ensure that Xero […]