Due to the global outbreak of COVID-19, schools worldwide had to shut down quickly. While many schools already operated with some online component, most were not equipped to become 100% digital in a matter of days. Our own online portal for digital learning saw a 200% increase in activity after the outbreak put schools on a […]
Archives for June 2020
JioMart Distributor – How to start a business with JioMart?
JioMart Distributor – Now you can also start a business with Reliance Jio by JioMart. You must be aware that JioMart is set to create a history in grocery shopping. JioMart is an online platform launched by Reliance in association with WhatsApp. The prime purpose is to capture the unorganized grocery (kirana) market. JioMart will deliver […]
MakeMyTrip lays off 350 employees
Illustration: Rahul Awasthi Nasdaq-listed MakeMyTrip has laid off 350 employees, as India’s largest online travel operator struggles to survive the fallout from the Covid-19 pandemic, which has ravaged the travel, tourism and hospitality sector globally. The layoffs have been primarily undertaken in non-tech functions such as international holidays and related segments, and is across units, […]
ETtech Top 5: ByteDance’s new India entity, e-commerce discounts, WFH hassles & more
Happy Monday! TikTok is going through a rough patch in India. Fewer people downloaded the Chinese video-sharing app in April and May compared to the previous two months amid reduced marketing and advertising spend due to the Covid-19 pandemic. The platform has been widely criticized on social media following a fight between two content creators, […]
Lessons for the accounting profession from the coronavirus – Accounting Today
While the coronavirus pandemic has accountants scrambling to safeguard their people and keep up with new client concerns and legislative updates, the crisis has also given the profession the opportunity to learn some crucial lessons that can only strengthen accountants’ roles in an uncertain future. We asked a collection of accounting’s thought leaders to share […]
Financial Planning fees fall at AFH as Covid-19 hits
Fast-growing Financial Planning firm AFH says it is confident demand for Financial Planning advice will increase later this year despite seeing a £400,000 drop in Financial Planning fees due to the impact of the Coronavirus, the company reported today. In its six month results for the period ending 30 April the firm said overall it […]
The Latest In Financial Advisor #FinTech (June 2020)
Executive Summary Welcome to the June 2020 issue of the Latest News in Financial Advisor #FinTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors and wealth management! This month’s edition kicks off with the news that Goldman Sachs has […]
Annuity sales falter, but clients flock to this product
The economic fallout from the coronavirus is tilting the annuity marketplace in favor of structured products even as overall sales falter. Sales of buffered variable annuities — also known as registered index-linked annuities (RILAs) — soared by 38% year-over-year to reach $4.9 billion for the first quarter, according to the LIMRA Secure Retirement Institute. The […]
Govt rejects Flipkart’s plan to enter food retail
The government has rejected Flipkart’s proposal to enter the food retail business, citing regulatory issues. Last week, almost a year after Flipkart FarmerMart filed its application, the department for promotion of industry and internal trade (DPIIT) wrote to the Walmart-controlled company that it cannot be allowed into food retail — which was carved out as […]
Twitter had been drawing a line for months when Trump crossed it
By Kate Conger Jack Dorsey was up late Thursday at his home in San Francisco talking online with his executives when their conversation was interrupted: President Donald Trump had just posted another inflammatory message on Twitter. Tensions between Twitter, where Dorsey is chief executive, and Trump had been running high for days over the president’s […]