Archives for April 2020

In a letter addressed to the Minister of Information and Broadcasting, Prakash Javadekar, the Advertising Agencies Association of India (AAAI), India’s apex body for all major advertising companies, has asked the government to allow treatment of advertising expenses as an investment to encourage larger advertising outlays from companies. The letter pointed out the plethora of […]

Online grocer Grofers has furloughed 50-70 employees from its offline sales and beauty business divisions for three months, citing losses due to curbs on account of the coronavirus pandemic, people familiar with the development said. Employees in the offline sales department were responsible for converting kirana and supermarket outlets into Grofers partner discount stores. Albinder […]

Digital lenders – who peddle short-tenured micro loans to salaried individuals – are putting on a brave face as the spectre of job losses and pay cuts looms large. From tightening collection schedules to lowering credit limits, narrowing customer base to only include “super-prime” borrowers and hot-listing companies that may retrench employees, small online lenders […]

Digital lenders – who peddle short-tenured micro loans to salaried individuals – are putting on a brave face as the spectre of job losses and pay cuts looms large. From tightening collection schedules to lowering credit limits, narrowing customer base to only include “super-prime” borrowers and hot-listing companies that may retrench employees, small online lenders […]

Fuelled by petro-dollars, cheap Wall Street debt and pixie dreams of multi-billion dollar valuation pops, Softbank and its unicorn hunter founder Masayoshi Son was the only bid in town for most young startup founders. But with snowballing setbacks and losses, that bid is gone. Even the hunter is now being hunted. Son is responsible to […]

Fuelled by petro-dollars, cheap Wall Street debt and pixie dreams of multi-billion dollar valuation pops, Softbank and its unicorn hunter founder Masayoshi Son was the only bid in town for most young startup founders. But with snowballing setbacks and losses, that bid is gone. Even the hunter is now being hunted. Son is responsible to […]

Illustration: Rahul Awasthi Self-drive car and bike rental firms such as Zoomcar, Drivezy and Revv may turn out to be the only bright spots for the Indian automotive sector this year. As automobile companies stare at tepid vehicle sales even after the ongoing nationwide lockdown lifts, new-age vehicle subscription services may grow as consumers prefer […]

Illustration: Rahul Awasthi E-commerce companies Flipkart and Amazon, as well as other vertical etailers and online brands, have deferred plans to hire thousands of additional staffers, a day after the governmentreversed its decision to allow online e-tailers to deliver all goods including non-essential items starting Monday, multiple people aware of the plans told ET. Additionally, […]

Illustration: Rahul Awasthi E-commerce companies Flipkart and Amazon, as well as other vertical etailers and online brands, have deferred plans to hire thousands of additional staffers, a day after the governmentreversed its decision to allow online e-tailers to deliver all goods including non-essential items starting Monday, multiple people aware of the plans told ET. Additionally, […]

The government has fast-tracked its plan to provide social security for gig economy workers and those in the unorganised sectors, anticipating a significant increase in their numbers as unemployment soars due to the Covid-19 crisis. Senior officials ET spoke with said the labour ministry is firming up a scheme that will provide minimum social security, […]