Yatra Online said on Friday it was terminating a pending merger agreement with U.S. software firm Ebix, and had filed a litigation seeking “substantial” damages for Ebix’s alleged breach of deal terms. Ebix had agreed to buy Yatra in 2019 for an enterprise value of $337.8 million, aiming to beef up its portfolio of Indian […]
Archives for June 2020
Facebook’s Zuckerberg promises a review of content policies after backlash
Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics. Zuckerberg did not promise specific policy changes in […]
Zomato to focus on food delivery, cut back grocery
Zomato is putting its focus back on its core business — food delivery — as hotels and restaurants are expected to reopen from next week. This would result in the company scaling down its operations in grocery delivery, which it had entered during the lockdown. Several consumer-focused startups had ventured into the space during the […]
View: India finds a golden opportunity with telecom’s latest tech-away
By Prabal Basu Roy By attracting massive global capital, Reliance Jio has demonstrated how the power of critical mass can be used to modernise and monetise. The current thrust of GoI’s Atmanirbhar Bharat Abhiyan (ABA), too, rests on the basic premise of exploiting the advantage India has of a huge, demographically relevant, consuming population. But […]
Accounting profession responds to George Floyd killing and anti-racism protests – Accounting Today
Accounting firms, state CPA societies and national accounting organizations are addressing the wave of international outrage and demonstrations sparked by the killing of George Floyd, an unarmed African-American, by four Minneapolis police officers. “Like so many in our community, I have been deeply affected by the killing of George Floyd in Minneapolis and the ongoing […]
Why I lost the same client twice … and it gave me joy
“Kimberly, I can’t sleep at night. I’d really appreciate it if you’d just take a look at my portfolio and honestly tell me what you think.” It was early April and the caller was a small business owner whose marriage had recently ended. That, along with the problems the coronavirus pandemic was causing for her […]
Current PFP News
To find all COVID-19 related content, visit aicpa.org/PFP/covid19 “Love has no meaning if it isn’t shared. Love has to be put into action.” – Mother Teresa. The power of your positive words, actions, objective guidance, and a caring ear can help others during this time of extreme hurt and suffering. Updated for 2020: The proactive […]
Oil climbs 5% on U.S. jobless drop, OPEC+ meeting hopes
NEW YORK (Reuters) – Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production cuts. Brent crude LCOc1 futures settled up $2.31, or 5.8%, at $42.30 a barrel, surging 19.2% on the week. U.S. West […]
Morehouse College president: Most U.S. leaders are not prepared for dialogue about race
Morehouse College President David Thomas told CNBC on Friday that most U.S. leaders are not well-equipped to navigate honest dialogues about racism. “The leaders of most organizations in our country are not prepared to lead the kind of conversation that needs to be taking place,” Thomas said on “Squawk Alley.” Thomas, who became president of […]
Podcast: Social Security strategies to help your clients during the pandemic
During the coronavirus pandemic, you have witnessed uncertainty with personal finances and the anxiety that has come with even the best-laid plans. What can you do today to help your clients gain comfort and clarity? You can help them with their Social Security planning decisions. In this episode, learn from Social Security expert Ted Sarenski, […]