Walmart-owned Flipkart said it will host its largest annual sale event – Big Billion Days – for six days starting from October 16, as it looks to record its highest-grossing sale days this year amid the Covid-19 pandemic. The ecommerce marketplace said the focus of the sale would be on creating opportunities for micro, small […]
Archives for October 2020
With the US government circling, Google is starting to play nice with smaller rivals
Small rivals of Alphabet’s Google say signs are emerging of more benevolent behavior from the online advertising leader amid accusations by the U.S. government and states that the company uses its dominance to thwart competition. Among the dozens of software companies who rely on Google as an intermediary to ad buyers and sellers, six told […]
Airbnb aims to raise roughly $3 billion in IPO: Report
Home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the Covid-19 pandemic roiled the travel industry. Airbnb will be one of the largest and most anticipated U.S. […]
Facebook, Twitter, Google CEOs will testify before U.S. Senate committee
The chief executives of Facebook and Twitter confirmed on Friday that their CEOs, Mark Zuckerberg and Jack Dorsey, respectively, will appear, while a source said that Google‘s Sundar Pichai will appear. That came a day after the committee unanimously voted to approve a plan to subpoena the three CEOs to appear before the panel. Twitter’s […]
JioMart pilots milk deliveries in Bengaluru, Chennai
JioMart has started testing subscription-based daily morning deliveries of essentials like milk, eggs and bread in Bengaluru and Chennai. This will pit it directly against online food delivery platform Swiggy’s Supr Daily and Bigbasket’s BB Daily services, besides standalone player Milkbasket. Sources said the company aims to launch it nationally by Diwali, depending on the […]
JioMart bets on private labels
Illustration: Rahul Awasthi Reliance Retail has started pushing its array of existing private brands with kiranas across metro and non-metro markets, offering high margins of 20% as in-house label sales jump in online grocery. Multiple sources said this would result in higher availability of private labels on Reliance’s e-commerce platform JioMart, which is aggressively on-boarding […]
Barry interviews Dave Portnoy
My partner Barry Ritholtz interviewed Barstool founder and newly minted daytrading czar Dave Portnoy for his podcast at Bloomberg. You definitely can’t miss this one, I’ll be listening over the weekend. Dave Portnoy on the Business of Sports (Masters In Business)
Facebook, Google and Twitter CEOs to testify before Congress on Oct. 28
Facebook CEO Mark Zuckerberg testifies before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law during a hearing on “Online Platforms and Market Power”, in the Rayburn House office Building on Capitol Hill, in Washington, D.C., July 29, 2020. Mandel Ngan | Pool via Reuters The CEOs of Facebook, Google and Twitter have agreed […]
The digital transformation of boomers and beyond during the pandemic
Illustration: Rahul Awasthi A lot has changed in the life of Vinaya Katre over the last six months. Until the Covid-19 pandemic began spreading in March, the 59-year-old Jamshedpur-based schoolteacher had never imagined that she would have to learn to do anything “online” except perhaps chat through WhatsApp. However, overwhelmed by an increased workload during […]
Want more client referrals? Try ESG, says J.D. Power
Want to garner more client referrals? J.D. Power has three letters for you: ESG. Clients are more likely to refer their wealth management firm to friends and family if the company excels in incorporating social causes into their investment strategy, according to a new J.D. Power research report which compiled survey data from 2019 and […]