The partnership between India’s largest conglomerate Reliance Industries and US social media giant Facebook could expand beyond the scope of just onboarding kirana stores for JioMart through the WhatsApp platform, sources said. Apart from using the messaging app WhatsApp, going forward, Reliance could leverage other online platforms of Facebook group, such as Instagram and Facebook, […]
Archives for April 2020
UnitedHealth’s Optum is in advanced talks to acquire remote mental health provider AbleTo for about $470 million
Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange. Brendan McDermid | Reuters UnitedHealth Group’s Optum is in advanced talks to acquire virtual therapy provider AbleTo for about $470 million, according to people familiar with the deal, at a time when telehealth is more in […]
No surprise
In early March, I wrote a letter to clients of the firm to get across a very simple, but powerful concept that I wanted everyone to understand: The news will get worse, but its ability to shock us will diminish. Read: “The One Thing We Know For Sure” for more on this. US stocks stopped […]
High-cost funds with the best 10-year returns
Does highest cost mean highest return? Sort of. An analysis of the largest 10-year gains from some of the industry’s highest-priced funds show they managed to give some bang for the buck, albeit at a price to the investor. The top 20 performers of the decade with net expense ratios over 1% — and with […]
Oklahoma asks Trump to declare coronavirus an ‘act of God’ to help oil producers
(This April 26 story corrects fourth paragraph to clarify court order) (Reuters) – Oklahoma’s governor has called on U.S. President Donald Trump to declare the coronavirus pandemic an “act of God,” a step to help oil-producing states contend with a crude glut that caused futures prices to close below $0 last week for the first […]
Brewing “planet-saving” beer: how Toast Ale has adapted to lockdown
Louisa Ziane, Chief Operating Officer, set up Toast Ale in 2015 to brew “planet-saving” beer. As Chief Operating Officer, she manages their commitment to people, planet and profit. In response to the UK lockdown, Toast Ale have relaunched their website with an improved online shop, offering free delivery, to sell beer directly to customers. They’ve […]
How accountants can help state and local governments – Accounting Today
Accountants are in a unique position to help their state and local governments. Most elected officials do not have an accounting background and may not know much about finances and financial reports. Accountants could use their experience and expertise to educate their elected officials and fellow citizens about their government’s financial condition. Private sector accountants, […]
FCA freezes assets of ‘adviser’ accused of social media pushing
The FCA has launched High Court proceedings against 24HR Trading Academy Ltd and its sole director, Mohammed Fuaath Haja Maideen Maricar for allegedly advising on investments via social media without FCA authorisation. The FCA has secured an interim injunction stopping these activities from continuing and freezing the defendants’ assets up to £624,311 pending further hearing. […]
ETtech Top 5: Microsoft may back Paytm, SoftBank Vision Fund eyes secondary deals & more
Hello everyone, India’s payments space has seen a flurry of activity of late. First it was Facebook, which bought a minority stake in Jio Platforms to push its WhatsApp Pay through Reliance Industries’ e-commerce venture JioMart. Soon after, Walmart-backed Flipkart pumped an additional $28 million into PhonePe. And now, Paytm is said to be in […]
Covid-19: LittleMore Labs launches exam-from-home solution PEXA Lite
Edtech firm LittleMore Innovation Labs has announced the launch of PEXA Lite has announced the launch of PEXA Lite, which will offer an “exam – from – home” service to overcome the impact of Covid-19 lockdown on educational institutions. “PEXA Lite is being introduced in India first, followed by UAE, Australia, Malaysia, and Singapore. We […]