By Alex WebbPrivate equity has often found it tough to invest its $1.3 trillion of committed capital in technology companies. For all of their desire to get into the game, tech’s bubbly valuations meant private equity investors often couldn’t justify writing big checks, and some of the hottest startups’ lack of profitability made it hard […]
Archives for April 2020
Allow full operations of e-commerce as first step to normalcy: IAMAI
Full operations of e-commerce companies should be opened up while moving towards normalcy as these services can help in supporting social distancing by delivering products at the door, industry body Internet and Mobile Association of India (IAMAI) said on Thursday. IAMAI, whose members include Flipkart, Amazon Seller Services, eBay etc, said that e-commerce services can […]
Amazon begins making coronavirus testing lab for workforce
Amazon has started building a lab that will enable it to test employees for the Covid-19 virus, the latest step the online retailer is taking to try to protect its warehouse workers and delivery drivers who are getting essential products to customers sheltering at home. Amazon acknowledges its ad-hoc effort may not accomplish much during […]
How people are getting fruits and vegetables amid lockdown
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Two key things you need to survive working from home during a global pandemic
While some blogs focus on how to set-up a home office or what time management tool to use to increase productivity, the need to carry on like it is business-as-usual can be counter-productive in this unprecedented time. As many of our bookkeepers do work from home, we can assure you, working in a time of […]
Internet crawls as usage surges
A surge in data consumption during the ongoing lockdown due to the Covid-19 virus outbreak has caused internet speeds to fall steeply, two separate studies by speed testing firms showed. Analytics firm Ookla revealed that fixed broadband – popularly called WiFi – download speeds decreased to 35.98 Mbps in March from 39.65 Mbps in February. […]
Big brands unmask a hot new sales category
Necessity is the mother of business strategy – in less than a week, some of the biggest names in retail, fashion and lifestyle have started selling face masks. New mask sellers include Amazon, Flipkart, Myntra, BigBasket, Reliance Retail and Grofers. The move comes as Delhi, Maharashtra, Uttar Pradesh, Odisha and Chandigarh make wearing masks mandatory […]
Flipkart looking at ties with retail chains, FMCG giants
Flipkart is going to enter into a series of partnerships with brick-and-mortar retailers and leading FMCG companies to spruce up its offerings in its weakest business area of essentials. On Thursday, it formed such an arrangement with Spencer’s Retail. The Walmart-owned ecommerce firm is in advanced talks also with Hindustan Unilever and ITC to sell […]
IRS grants broad coronavirus-related tax relief
Taxpayers were granted additional, broad tax filing and payment deadline relief by the IRS late on Thursday, in line with relief requested by the AICPA over the past several weeks amid the coronavirus pandemic. The new relief, issued in Notice 2020-23, applies to all taxpayers that have a filing or payment deadline falling on or […]
Pandemic gives hyperlocal model a new lease of life
Illustration: Rahul Awasthi Hyper-local delivery of food and groceries has made a resurgence over the past few weeks amid the ongoing 21-day nationwide lockdown, although industry insiders are sceptical whether the trend will last. E-commerce companies and other delivery-based businesses are forging partnerships with physical stores to fulfil increased orders at a time when customers […]