Chancellor Rishi Sunak has reprieved Entrepreneur’s Relief but cut it from £10m to £1m. It was widely expected that Mr Sunak would scrap the relief altogether. But in his Budget Mr Sunak said while the relief was unfair in many ways, he had decided to retain it to reward smaller entrepreneurs who formed the bulk […]
Archives for March 2020
Disney Plus goes live in India with Hotstar
The Hotstar app, now rebranded as Disney Plus Hotstar, on Wednesday started showing Disney Plus content such as “The Mandalorian”, “Diary of a Future President”, “The World According to Jeff Goldblum”, documentary “One Day at Disney” and “High School Musical: The Musical – The Series”.PTI | Updated: March 12, 2020, 08:17 IST
Allow ride-hailing firms to aggregate shared vehicles: Uber & BPAC urge Karnataka govt
Ride hailing company Uber and Bangalore Political Action Committee have urged the Karnataka government to allow aggregators to legally aggregate shared cabs, shared autos, bike pools, private shuttle services and feeder buses in Bengaluru, within the ambit of the existing contract carriage permit rules. In a joint report, titled “Sustainable mobility for Bengaluru”, they have […]
Edtech firms offer free access to their learning platforms amid COVID-19 outbreak
Illustration: Rahul Awasthi Education technology platforms Byju’s and Vedantu have said they would offer free access to their learning platforms to all students after some states ordered primary schools to remain shut due to the Covid-19 virus outbreak. Both companies said their paid versions will be available free for students going into the upcoming school […]
The 9/11 Analog
If you were an investor during 9/11 or worked in the business, then you feel the parallels between this moment and that one very acutely. Then, as now, the life and death issues of the moment overrode concerns about market volatility, although the volatility became expected each morning when we opened our eyes and went […]
Coronavirus brings no-contact food delivery to United States
Illustration: Rahul Awasthi Leaving bags of food on doorsteps or texting your delivery driver a picture of where you want your meal dropped off – these are new methods for U.S. consumers to get their orders as the coronavirus spreads. The virus led McDonald’s, Starbucks and other companies in China, where the outbreak originated, to […]
Biden Can Win
I don’t endorse political candidates on this blog, and I’m not writing this with the intention of getting into a political debate. Before you react, I will state emphatically that my political opinions are trash and only yours are the correct ones. Okay, with that out of the way, I will proceed with the point […]
Bank of England launches lending programmes as SMEs face cash flow strains
The Bank of England has launched a new Term Funding Scheme and a reduction of the UK countercyclical capital buffer rate in a bid to boost demand and curb low cash flow facing banks and businesses amid Coronavirus. “The interest rate cut is just one of the measures the Bank of England has announced today. […]
Hero MotoCorp’s Pawan Munjal invests $1 million in Ola Electric Mobility
Pawan Munjal, the chairman and managing director of Hero MotoCorp, has invested about $1 million in Ola Electric Mobility through his family trust. Hero MotoCorp, which sells one of every two motorcycles locally, said recently it would spend Rs 10,000 crore on alternative mobility solutions. Pawan Munjal Family Trust has been allotted 18 preference shares, […]
Accommodate Real World Dynamic Retirement Goals By Projecting Retirement Dates Instead Of Retirement Wealth
Executive Summary In 2014, Robert Merton lamented in “The Crisis in Retirement Planning” that “investment value and asset volatility are simply the wrong measures if your goal is to obtain a particular future income”. Which is an important concept to emphasize, as many basic financial planning strategies focus only on solving for an asset-based goal […]