Amazon-backed Appario Retail, one of the largest sellers on Amazon India after Cloudtail, is asking select merchants and suppliers to supply their products exclusively for 30 days. The communication, reviewed by TOI, from Appario, which is a subsidiary of the joint venture between Amazon and Patni Group, has sought such exclusivity for the first time […]
Archives for June 2020
PolicyBazaar arm cuts over 1,500 jobs
Paisabazaar, an online marketplace for loans and credit cards — which is part of the PolicyBazaar group — has laid off 1,500-2,000 people due to the impact of Covid-19. Paisabazaar has a strength of 3,000-4,000 employees, which means nearly half its staff is being asked to leave as part of a restructuring. PolicyBazaar, a unicorn […]
Fashion brands partner with Myntra to woo shoppers
Top fashion brands including H&M, Adidas, Calvin Klein, Biba and Marks and Spencer have partnered with Flipkart-owned fashion marketplace Myntra to go on discount of 50-80% in the first online sale post Covid-19 lockdown. The End of Reason Sale (EORS), scheduled to take place between June 19-22, is being looked upon by brands to bring […]
Bharat to haul ecomm GMV past the $100 billion mark by 2025: Study
India’s e-commerce growth will likely be driven by Bharat, or users from outside large metro and tier I cities, over the next five-year period. A study by Bain & Company, done in collaboration with online retail giant Flipkart, estimates that India’s online shoppers will grow to 300-350 million by 2025 from around 100 million currently. […]
Apple says consumers and advertisers spent more than $500 billion through apps last year
Tim Cook, chief executive officer of Apple, at the 2019 DreamForce conference in San Francisco, California, U.S., on Nov. 19, 2019. David Paul Morris | Bloomberg | Getty Images Apple announced on Monday that its App Store facilitated an estimated $519 billion in billings and sales in 2019, according to a new study commissioned by […]
5 Common Bookkeeping Mistakes
At Bookkeeping Express, we know how important keeping accurate financial records is to the health of your business, that is why we have compiled five very common bookkeeping mistakes to look out for: Poor record-keeping – Certain expenses may seem small or insignificant in the grand scheme of things, but, trust us, missing receipts add […]
Raymond James fires employee over Black Lives Matter clash
Raymond James said it fired an employee after a video captured him and his wife in a confrontation with a man stenciling “Black Lives Matter” in chalk outside his own San Francisco home. The video shows Robert Larkins, a managing director at Raymond James, with his wife Lisa Alexander, the chief executive officer of LaFace […]
Why accountants should embrace ‘More with Less’ – Journal of Accountancy
As I gaze into my crystal ball and view the future of accounting, I see a three-word phrase: More with Less. What does More with Less mean for the accounting profession, and how is it connected to our future view? First and foremost, it does not mean fewer people. It means we will be doing […]
Preparing for future health needs
Worst-case health scenarios, advance directives, and long-term-care options aren’t the easiest topics to broach. But CPAs can be the ideal professionals to talk with clients about the cost of future health care needs, both expected and unexpected. CPA financial planners offered advice on how to begin conversations with clients about planning for future health care […]
United Airlines pledges loyalty program for $5 billion loan
CHICAGO (Reuters) – United Airlines said on Monday it is pledging its MileagePlus frequent flyer program for a new $5 billion loan aimed at further buffering its liquidity, even as its cash burn rate slows thanks to a steady improvement in demand. So far, United continues to book more new tickets than cancellations for the […]