Regional language social media platform Sharechat has raised $35-$40 million from existing investors in a bridge round as the company looks to replace TikTok with its new short video app Moj, according to a report by news portal Entrackr. However, ShareChat denied the development. “ShareChat does not generally comment on market speculations. However we can […]
Archives for July 2020
eSIM technology: A silent revolution
The GSMA and Mobile World Live’s ‘Moving to a Future Software World’ Week, which was held from 13th to 17th July represented a fantastic opportunity to discuss eSIM moving from a physical SIM card to a digital eSIM download. This software shift is set to transform the mobile industry, says Gary Waite,head of eSIM Strategy at […]
Zee5 launches a new entry-level plan at Rs 365 per year
Zee5, the video streaming service from Essel Group, has introduced a new entry-level plan called Zee5 Club, as it looks to increase its subscriber base in a competitive market. Priced at Rs 365 per year, the plan offers consumers access to its shows before telecast, select original Zee5 and Alt Balaji shows, over 90 live […]
India’s e-comm penetration will double to 11% by 2024: Goldman Sachs
Illustration: Rahul Awasthi India’s e-commerce industry is expected to reach $99 billion in size when online commerce penetration will more than double to almost 11%. The growth rate for the industry in India, for each of the next four years, would surpass the same of established economies like the US, China, the UK, Europe and […]
JobKeeper is changing. Here’s what you need to know
Many Australian small businesses say JobKeeper has been a lifesaver in these difficult times, and Xero Small Business Insights data seems to bear that out. So it’s good to hear JobKeeper has been extended, with some notable changes. We’ve tried to capture what’s new with the wage-subsidy program below. There are some complexities, so we […]
Grofers advances IPO listing target to 2021-end
SoftBank-backed Grofers has advanced its plan to launch an initial public offer by the end of next year after its profitability path zoomed during the lockdown period, a top official of the company said. Grofers co-founder and CEO Albinder Dhindsa told PTI that the company started making operational profit in January and expects to become […]
SAP says its Qualtrics unit will go public
Qualtrics CEO Ryan Smith SAP said Sunday that it would sell some shares of its Qualtrics survey-software unit on a U.S. public market. The announcement comes less than two years after SAP announced a plan to buy Qualtrics for $8 billion, days before Qualtrics was set to go public as an independent company. The move […]
The Value of Furlough for Business
We thought furlough was challenging but flexible furlough is proving even more so! As a payroll bureau working with businesses employing between 2 and 50 staff, furlough has been important for many of our clients during lockdown. It has been interesting to see how the number of staff furloughed each month has reduced as businesses […]
Prepare for the air pocket
The economy has bounced back somewhat from the worst of the pandemic lockdowns this April and May, but most of the fuel for that bounce back came from the Treasury’s direct payments to households and expanded unemployment benefits. As I explained the other day, it turns out that an increase in spending by the UNemployed […]
20 Profitable Automobile Business Ideas
20 Profitable Automobile Business Ideas – The automobile industry is an evergreen industry. Every vehicle demands maintenance and replacement of spare after few years of usage. The business trend shows that automobile business is growing at a faster pace compared to any other business. The main reason is an increase in vehicle population due to […]