Post the Covid-19 pandemic which necessitated the need for social distancing and working from home for professionals and also led to massive unemployment across the world, people have come on to the LinkedIn platform ‘in droves’, said Kiran Prasad, VP of product at LinkedIn in an interview to ET. “They are coming in order to […]
Archives for October 2020
Online sellers eye big discounts to clear piled-up inventory
Illustration: Rahul Awasthi Ecommerce platforms could offer a flurry of discounts this festive season, as sellers and manufacturers look to liquidate high levels of inventory, according to industry executives. The rebates could be mainly in categories such as fashion, small electronics, appliances, personal care products and toys, they said. Slow offline sales and shifting consumer […]
New investors may bring $150 million to Zomato table
Illustration: Rahul Awasthi A set of four new risk investors is expected to join the ongoing $600-million financing round at online food delivery company Zomato, two people in the know of the matter said, signalling continued interest in India’s internet story despite the Covid-19 crisis upending businesses across the board. London-headquartered hedge fund Steadview Capital, […]
XBert: Algorithm powered data assurance
Xero’s app marketplace has over 800 apps to help small businesses and their advisors reach their goals. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. October’s here, and we’re thrilled to announce our app partner of the month […]
Deferment of 30% fee shows Google’s guilt: Paytm CEO
Paytm chief executive Vijay Shekhar Sharma said Google’s decision to defer the levy of a 30% commission from Indian businesses selling digital goods through Play Store apps was an “admission of guilt” by the US-based tech giant. Google last week said it would charge the commission on developers globally from September 2021. Sharma alleged that […]
IESBA revises code of ethics for accountants’ societal role and mindset – Accounting Today
The International Ethics Standards Board for Accountants released revisions Monday to the International Code of Ethics for Professional Accountants (including International Independence Standards) to place more emphasis on the role and mindset expected of all professional accountants. The revisions explicitly state that the accounting profession is entrusted with public confidence in the wide-ranging roles played […]
FASB delays insurance standard, focuses on post-implementation reviews – Accounting Today
The Financial Accounting Standards Board has voted to defer the effective date of its long-duration insurance contract standard for one year in response to the coronavirus pandemic, as it takes over the process of conducting post-implementation reviews of some of its recent accounting standards such as revenue recognition, leases and credit losses. Last Wednesday, FASB […]
PPP borrowers, lenders get change-in-ownership guidance from SBA
New guidance issued by the U.S. Small Business Administration (SBA) describes the procedures required for changes of ownership of an entity that has received Paycheck Protection Program (PPP) funds. Addressed to SBA employees and PPP lenders, the SBA procedural notice describes when a change of ownership is considered to have occurred and the responsibilities a […]
Black-T Malware Emerges From Cryptojacker Group TeamTNT
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Securities America advisor charged with fraud in cherrypicking scheme: SEC
A Securities America financial advisor allegedly earned 4% on his own account and negative 13% for his clients as part of a cherrypicking scheme that lasted more than a year, according to the SEC. Corbin L. Lambert used option purchases in his hybrid RIA’s omnibus trading account with Charles Schwab that he allocated between accounts […]