Illustration: Rahul Awasthi Educational technology companies are taking online education to the next level, as schools, colleges and coaching centres close down following the spread of the Covid-19 virus. Many students and professionals are signing up for online classes, for entrance exams like the JEE and NEET or for upskilling. Even school students are making […]
Archives for March 2020
Lifestyle & fashion companies push discounts as stores stay shut
Illustration: Rahul Awasthi Fashion and lifestyle brands are offering steep discounts and pushing sales online amid an inventory pile up due to the closure of stores nationwide following the Covid-19 virus outbreak. The spread of the pandemic has hurt fashion and lifestyle retailers after states introduced lockdowns and containment policies including closure of malls. Brands […]
Pharma firm Anges and Osaka University to begin testing coronavirus vaccine on animals
TOKYO (Reuters) – Japanese biopharmaceutical firm Anges Inc said on Tuesday that it and Osaka University had completed development of a DNA vaccine against the new coronavirus and that it would begin testing it in animals soon. Shares of Anges surged as much as 17% in morning trade in Tokyo, compared with a 5.3% gain […]
Everstone Capital in advanced talks to sell a 4-5% stake in Burger King India
Illustration: Rahul Awasthi Everstone Capital is in advanced talks to sell a 4-5% stake in Burger King India to private equity fund Oman India Joint Investment (OIJIF), for an estimated Rs 100- 150 crore, weeks after the IPO of the India franchisee partner of the US-based fast-food chain was postponed. If successful, the transaction could […]
6 ways to promote your online store
Once you’ve nailed down a bulletproof business plan and launched your online store (complete with a solid ecommerce platform) you’ll need to lay a tantalising trail of breadcrumbs to ensure your potential customers can find you. After all, “Hope is not a strategy” – Wise Person Not every method will work the same for everyone, […]
How are actively managed U.S. stock funds performing in the bear market?
The bear market is baring its teeth. How are actively managed U.S. stock funds performing so far? Not so well, according to Morningstar analyst Jeffrey Ptak, who reviewed fund performance from the beginning of the coronavirus-induced bear market on February 20 through March 12. “Funds that beat the market in one period tend to lag […]
Online therapy apps to the rescue as professionals seek help
Illustration: Rahul Awasthi As the Covid-19 pandemic intensifies across the globe, working professionals in India are becoming increasingly worried about their financial and job security, the overall economic conditions and the strain of working remotely. “Will I still have my job?” “How long will it take to go back to normalcy?” “How do I manage […]
Facing curbs, e-commerce firms halt pickups from vendors
Illustration: Rahul Awasthi Online and offline retailers across the country faced severe disruptions affecting the supply of essential goods as authorities cracked down by closing warehouses and stores in a bid to curtail the virulent spread of Covid-19. Even as the country’s largest ecommerce marketplaces Flipkart and Amazon temporarily suspended logistics services for sellers across […]
PCAOB provides firms opportunity for inspection relief
Registered audit firms that request relief from PCAOB inspections as a result of the coronavirus pandemic will be granted up to a 45-day relief period, with the exception of providing the board access to audit documentation for certain engagements. The PCAOB advised audit firms that wish to use all or part of the 45-day relief […]
Practitioners seek further clarity on tax filing, payment delay
In the wake of the IRS’s notice Friday postponing the April 15 due date until July 15 for federal income tax returns and income tax payments for 2019 tax years (Notice 2020-18), practitioners still had many concerns and questions about the deferral’s effects on related forms, elections, and other returns. The notice also deferred until […]