Executive Summary The roots of the financial planning industry are an eat-what-you-kill sales environment, when financial advice existed to facilitate the sale of a product, and initial survival (and eventual success) was predicated on the ability of an advisor to convince clients to buy whatever financial instrument they were selling. Which necessitated not only knowing […]
Archives for September 2020
Zomato to go public by first half of 2021, as Tiger Global, others join financing round
Deepinder Goyal MUMBAI: Zomato has roped in New York-based investment fund Tiger Global as part of its current fundraising round, the online food delivery platform’s cofounder and CEO Deepinder Goyal said in an email to employees on Thursday. The Gurugram-based firm is also on course to tap the public markets by mid-2021, Goyal added in […]
Facebook’s India policy head should step down, say civil rights groups
Civil rights groups on Wednesday said Facebook has failed to address dangerous content in India and demanded that the head of public policy there be removed. A letter addressed to Facebook chief Mark Zuckerberg and his second-in-command Sheryl Sandberg wanted the social network’s India policy chief Ankhi Das sidelined pending the results of a civil […]
Facebook’s India policy head should step down, say civil rights groups
Civil rights groups on Wednesday said Facebook has failed to address dangerous content in India and demanded that the head of public policy there be removed. A letter addressed to Facebook chief Mark Zuckerberg and his second-in-command Sheryl Sandberg wanted the social network’s India policy chief Ankhi Das sidelined pending the results of a civil […]
Rhea Chakraborty’s tee makes social media hyper, raises biz question
Pictures credit: The Souled Store | Collage: Photocollage.com A T-shirt, a slogan, combustible and creative partisans on social media — and maybe a smart business opportunity or a dumb business strategy. While broadcast media parsed every moment of actor Rhea Chakraborty’s arrest by the Narcotics Control Bureau on Tuesday, social media fixated on the slogan […]
Rhea Chakraborty’s tee makes social media hyper, raises biz question
Pictures credit: The Souled Store | Collage: Photocollage.com A T-shirt, a slogan, combustible and creative partisans on social media — and maybe a smart business opportunity or a dumb business strategy. While broadcast media parsed every moment of actor Rhea Chakraborty’s arrest by the Narcotics Control Bureau on Tuesday, social media fixated on the slogan […]
Palantir is being valued around $10.5 billion ahead of direct listing as investors question growth story
Alexander Karp, CEO of Palantir Technologies Inc. Getty Images As Palantir gears up for its stock market debut, the company has a long way to go to convince potential shareholders that it’s worth the $20 billion price tag that investors gave it almost five years ago. Palantir held a virtual event for investors on Wednesday. […]
Merrill Lynch curtails asset managers’ perks for advisors
The free lunches are over. Sort of. Merrill Lynch is placing new limits on the perks its advisors receive from third-party asset managers. The move restricts long-held practices, but likely won’t have a big immediate impact given that the coronavirus pandemic has curbed events such as dinner parties and in-person meetings. Merrill Lynch told employees […]
IRS issues guidance on COVID-19 testing coverage
In Notice 2020-66, the IRS said that Medicaid coverage of COVID-19 testing and diagnostics services would not be considered minimum essential coverage for purposes of the Sec. 36B premium tax credit. Normally, a taxpayer is allowed a premium tax credit only for months that are coverage months for individuals in the taxpayer’s family, as defined in […]
IRS issues guidance on COVID-19 testing
In Notice 2020-66, the IRS said that COVID-19 testing and diagnostics services would not be considered minimum essential coverage for purposes of the Sec. 36B premium tax credit and Medicaid. Normally, a taxpayer is allowed a premium tax credit only for months that are coverage months for individuals in the taxpayer’s family, as defined in […]