Charles Zhengyao Lu, chairman and founder of Luckin Coffee, left, and Jenny Qian Zhiya, chief… [+] executive officer of Luckin Coffee, bang a gong as stocks start trading during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York on May 17, 2019. Photographer: Victor J. Blue/Bloomberg © 2019 Bloomberg Finance LP […]
Archives for 2020
10 Best Online Accounting Degree In 2020 • Benzinga – Benzinga
Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. An online accounting degree can help you get ahead in the professional world. Land a rewarding career while helping large organizations make informed financial decisions or start your own firm and help small business […]
BigBasket and Grofers to hire 12,000 staff to meet demand surge
Illustration: Rahul Awasthi India’s largest online grocer BigBasket said it will hire 10,000 permanent on-ground staff to work at warehouses, distribution centres and as delivery personnel, over the next few days. Its rival Grofers also plans to recruit 2,000 additional workers, as both the companies look to service a massive demand surge caused by the […]
Flipkart CEO reassures staff, says will honour all job offers
Walmart-owned Flipkart has assured employees that there will be no pay cuts and all job offers, including internships, will be honoured. In a virtual town hall, the first after the lockdown, Flipkart Chief Kalyan Krishnamurthy assured over 6,000 employees that Flipkart is in a “financially healthy” state. “Flipkart is safe and (financially) healthy. There is […]
Knowing the difference between Risk and Deep Risk
Bill Bernstein is widely known among professional investors as one of the best writers and thinkers in the industry. Two of his books, Deep Risk and The Investor’s Manifesto, belong in any conversation about the most important investment books ever written. Bernstein doesn’t appear on TV nor does he do much public speaking. So this […]
Zomato, Swiggy see 70% drop in orders amid lockdown
Illustration: Rahul Awasthi Online food delivery orders for Zomato and Swiggy have dropped 70% in the last 10 days to under 1 million a day, as customers step back and top restaurants shut shop amid a lockdown induced by the Covid-19 virus outbreak, said investors, companies and restaurants to ET. “From a steady state of […]
Startup executives launch Covidmaps to help users find essentials nearby
A clutch of top executives from startups have built a web-based app CovidMaps to help find information about stores in one’s neighbourhood to buy essentials. CovidMaps.in, a volunteer-led nonprofit project, lists details around when a store is open, what items are available and how much, safety precautions being observed, crowding, wait times to help people […]
Editor’s Comment: Time to reform FSCS levy is now
The Coronavirus outbreak has brought many changes with many of us working from home, in all its glorious awkwardness, and adjusting to new and strange work patterns. I’ve noticed ‘out of office’ messages have disappeared, which is one small benefit – literally everyone is in. One thing that has not changed is the growing […]
In coronavirus fight, oft-criticized Facebook data aids U.S. cities, states
Infectious disease researchers are using Facebook mobile location data to provide daily updates to U.S. cities and states evaluating the effectiveness of social distancing orders aimed at slowing the novel coronavirus. The COVID-19 Mobility Data Network, a group of 40 health researchers from universities including Harvard, Princeton and Johns Hopkins, said that since mid-March its […]
FCA warns over Smith & Williamson clone scam
The FCA issued a warning today about scammers using a ‘clone’ of leading tax adviser and wealth manager Smith & Williamson to cheat investors. Fraudsters are using some details of the real firm to front a cloned business being used to try and convince people that they worked for a “genuine, authorised firm.” The bogus […]