Illustration: Rahul Awasthi Three weeks after restrictions on shipping non-essential goods were reversed, sellers on leading e-commerce marketplaces Flipkart and Amazon continue to curb their product selection compared to the period before the Covid-19 pandemic. The key reasons for this have been acute working capital, labour and raw material shortages, and unpredictable demand. “Our sellers […]
Archives for June 2020
Five out of ten urban consumers to cut spending: EY report
At least five out of 10 urban consumers will continue to cut back on spending as economic recovery and market normalisation are unlikely before March next year, according to a report by Ernst & Young, based on global trends and primary research data. The report was shared exclusively with ET. Most consumers will trade down […]
Jack Dorsey says Twitter and Square will honor Juneteenth — June 19 — as a company holiday
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images Jack Dorsey, the CEO of Twitter and Square, tweeted on Tuesday that both companies will honor Juneteenth as a company holiday, the latest effort […]
NYSE holds nearly nine-minute silence in honor of George Floyd
NEW YORK (Reuters) – The New York Stock Exchange and other U.S. financial market operators held nearly nine minutes of silence on Tuesday in honor of George Floyd, a 46-year-old African American who died on May 25 after a white police officer knelt on his neck. The floor of Intercontinental Exchange Inc’s (ICE.N) NYSE went […]
Online Accounting Went Virtual on Short Notice | Online Accounting Jobs – NEC News & Events
The COVID-19 pandemic has affected every industry around the globe, forcing companies to set up remote workforces and establish new communication channels through web-connected tools. Accounting jobs are swept up in this change, quickly becoming online accounting jobs. One of the biggest challenges of the pandemic is how quickly it happened. For example, in the […]
Fidelity says a third of big financial institutions own crypto assets
About a third of large institutional investors own digital assets such as Bitcoin, according to a survey from Fidelity Investments. Across the U.S. and Europe, 36% of the survey’s 774 respondents said they own cryptocurrencies or derivatives. In the U.S., 27% of institutions — including pension funds, family offices, investment advisers and digital and traditional […]
Rules proposed for direct primary care arrangements, health care sharing ministries
The IRS issued proposed rules (REG-109755-19) on the treatment of amounts paid for certain medical care arrangements, including direct primary care arrangements and health care sharing ministries. Sec. 213 allows individuals to take an itemized deduction for expenses for medical care, including insurance for medical care, to the extent the expenses exceed 7.5% of adjusted […]
Twitter extends its Stories-like feature ‘Fleets’ to India
Twitter is rolling out its ephemeral tweets experiment “Fleets” to India, which allows users to share text, photos, and videos that disappear within 24 hours. These Fleets don’t get retweets, likes or public replies and people can only react to them with direct messages, similar to how Stories on Snapchat or Instagram function. Users will […]
Amazon woos businesses with discounts as they reopen
Amazon India is looking to tap into demand for safety equipment, office supplies and more as businesses begin to reopen after almost two months of lockdowns implemented to stop the spread of the Covid-19 pandemic. The company, through its business-to-business (B2B) marketplace, is offering a curated selection of goods that small and medium business would […]
ETtech Top 5: Startups aid safe reopening, job market woes, Esops relief & more
Happy Tuesday! From tracking entry of people inside an elevator to keeping an eye on those who aren’t wearing masks, Indian startups are not letting the Covid-19 crisis go to waste. As offices and malls reopen across the country, many startups have come up with technology-based solutions to handle crowding and maintain physical distancing. Social-distancing […]