Minister for consumer affairs, food and public distribution, Ram Vilas Paswan, has directed officials to ensure that any item made in China is not purchased through the Government e Marketplace (GeM) or other sources. Pawan issued an office memorandum banning purchase of ‘made in China’ items to all its departments including public sector units such […]
Archives for June 2020
Tesla stock is up more than 4000% since its debut 10 years ago
Tesla went public ten years ago today, pricing shares at $17, higher than its expected range of $14 to $16. The company raised around $226 million in its IPO, with shares surging that day by around 41% to close at $23.89. Today, shares in the electric vehicle maker closed at $1,009.35, meaning Tesla’s stock has […]
DoL proposes a fiduciary rule replacement that would buttress SEC’s Reg BI
The Department of Labor, now led by the attorney who spearheaded the charge to vacate the fiduciary rule two years ago, is rolling out a replacement for the defunct regulation. The proposed rule governing advice in retirement accounts is a nod to the SEC’s Regulation Best Interest, with which the Labor Department says it will […]
Temasek in talks to serve up to $100M on Zomato’s plate
Singapore’s Temasek is in discussions with Zomato to pump in as much as $100 million into the online food delivery major, according to people aware of the developments, at a time when a previously announced investment by Ant Financial has been delayed due to the current anti-China sentiment and new foreign direct investment (FDI) rules. […]
The importance of agility: be ready to pivot.
Agility is the theme of the moment if you’re in the small business game. We’ve heard about the importance of resilience and the primacy of adaptation, but we should also be concentrating right now on a more long-term strategy to avoid being thrown around by the will of the market. Maybe you’ve had a gutful […]
E-commerce and learning from COVID-19
The unexpected resurgence of ecommerce has begun. Sure, online payment has been a mainstay for a number of years now, but through the unforeseen impacts of COVID-19 we’re seeing an entirely unprecedented surge in the use and offering of ecommerce solutions across a myriad of markets. It’s wise at this juncture, especially if you run […]
How COVID-19 taught new ways to work
When the coronavirus pandemic led to stay-at-home orders that shuttered businesses, organizations across the country had to adapt quickly. Employees began working from home and accelerated their use of videoconferencing. Technology was upgraded, and leaders reassured clients, customers, and vendors without seeing them face to face. Accounting firms, known for brick-and-mortar offices and in-person client […]
Art of Accounting: Developing a niche or specialty – Accounting Today
It is important to develop a specialty, but it needs to be balanced with the needs of the practice and your interests. In this age of specialization and niche expertise, being a generalist is a negative to most people, indicating a lack of competency in an area. When someone professes to be an “expert” in […]
Exploring IoT’s top five challenges through the 5 Cs – Part 1
IoT deployment is happening rapidly. According to IoT Analytics, the number of connected devices in 2019 is expected to surpass initial forecasts by 14% to reach 9.5 billion. The three main drivers are explosive growth of consumer devices, much stronger than expected cellular IoT/M2M connections, and strong device connectivity growth in China due to government […]
How Stocks Predict Presidential Elections
Ryan Detrick from LPL Financial made my Chart o’ the Day today… Here’s Ryan: Turns out, since 1928, the stock market has accurately predicted the winner of the election 87% of the time and every single year since 1984. It is quite simple. When the S&P 500 Index has been higher the three months before […]