EMI Moratorium is announced by RBI as a regulatory package against COVID-19. As per RBI circular, all term loans including retail, agriculture and crop loans taken from commercial banks, co-operative banks, and NFBC are permitted to grant 3 months of EMI Moratorium between March 1, 2020, to May 31, 2020. Additionally, credit card dues are […]
Archives for April 2020
ETtech Top 5: Food ordering apps focus on safety; lockdown-hit e-tailers cheer up customers & more
Illustration: Rahul Awasthi Food delivery firms reassure customers on safety What’s the news?India’s food delivery apps have started aggressive outreach about safety measures, including hygiene. Why it matters? The rapid spread of the Covid-19 has made customers sceptical about the safety of food delivery platforms. Some have expressed concern about the health of delivery partners […]
Zomato to use Gold subscriptions to aid restaurant workers
Illustration: Rahul Awasthi Online food ordering firm Zomato said all proceeds from its Gold membership subscriptions in April will go into a fund created to support restaurant workers hit by the Covid-19 lockdown. “The ongoing lockdown is affecting certain members of our society more severely than the rest. In this hour, we must chip in […]
E-tailers refund buyers, sellers have to wait
Thousands of merchants whose non-essential item orders were cancelled on Amazon India and Flipkart have to wait longer to get their payments cleared. The development comes even as these e-tailers start initiating refunds to thousands of customers who had to scrap their orders of non-essentials made before the lockdown, two people aware of the matter […]
Domino’s and ITC Foods partner to deliver groceries
Pizza chain Domino’s has partnered with packaged consumer goods maker ITC Foods to deliver groceries through a service called ‘Domino’s Essentials’, it said on Thursday, amidst the 21-day countrywide lockdown. A statement by Jubilant FoodWorks (JFL), which operates Domino’s Pizza, said the service will be rolled out in Bengaluru, Noida, Mumbai, Kolkata, Chennai and Hyderabad. […]
Oyo suspends payments to hotels; partners say clause not in contract
SoftBank-backed Oyo has written to hotel owners invoking the ‘force majeure’ clause in their agreements, with the Covid-19 pandemic severely impacting business at the hotels. ET has seen a copy of the letter dated March 28. Oyo said in the letter that since hotel revenues have dwindled and are unlikely to improve in the next […]
Miami mayor asks Trump to suspend domestic and international flights from COVID-19 hotspots to Miami Airport
Cyclists pass the boarded up Smith & Wollesnky restaurant as they exercise in South Pointe Park on March 18, 2020 in Miami Beach, Florida. Cliff Hawkins | Getty Images Miami mayor Francis Suarez asked President Trump in a letter on Thursday to suspend flights to Miami International Airport from COVID-19 hotspots. “As Mayor of the […]
Is retiring in a year from now still possible for your clients?
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Is retiring in a year from now still possible for your clients?Seniors who intend to retire in the next few months are advised to consider deferring their plans until the market fully recovers, as market corrections are usually short-lived, […]
An agent who questioned Paradigm’s accounting is suing the company – Los Angeles Times
An ex-partner of Paradigm Talent Agency is alleging in a lawsuit that she was fired by the company after she raised questions about the company’s accounting practices and inappropriate conduct by its CEO Sam Gores. Debbee Klein, a former agent and partner at Paradigm who worked at the agency for more than 23 years, on […]
Self Isolation Guidelines, Dos and Don’t
Self Isolation Guidelines You will need to be prepared to stay at home for 2-3 weeks if you are exposed to someone with COVID-19, are diagnosed with it yourself, or are instructed to due to recent travel. As part of this, ideally you should have enough food and supplies to keep you and your family […]