Ecommerce giant, Amazon India, is categorical that the $1 billion investment announced by Jeff Bezos during his recent trip to India would be used for long-term development of its operations and not for deep discounting or cover losses. “A lot of our investment is focused on the long-term and if we only look at the […]
Archives for 2020
#FASuccess Ep 162: Efficiently Expanding In-Depth Financial Planning Services To Move Beyond The AUM-Only Model, With Tim Bickmore
Executive Summary Welcome back to the 162nd episode of Financial Advisor Success Podcast! My guest on today’s podcast is Tim Bickmore. Tim is the co-founder and the director of financial planning for LBW Wealth Management, an independent RIA based in Madison, Wisconsin, that oversees more than $50 million of assets under management for 230 client households. […]
Apple to close all China mainland stores due to virus outbreak
(Reuters) – Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9. as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago. “Out of an abundance of caution and based on the […]
84% of IFAs fear contingent charge ban will hit DB advice
More than eight out of 10 financial advisers say that a ban on contingent charging will hit access to DB pensions advice, according to a survey. The numbers of advisers opposing a ban on contingent charging is also growing. Contingent charging occurs when a fee for advice is only charged if a transaction takes place, […]
Paytm eyes onboarding 10M merchants with addition of PoS machine, new solutions
Paytm on Tuesday said it aims to add close to 10 million merchants to its platform over the next 12-18 months as it brings new features to its payments platform. The company, which has introduced a new all-in-one payment gateway and business solutions as well as an Android-based point of sale (POS) machine, currently has […]
Mileage in Xero Expenses is now in open beta
Mileage in Xero Expenses is now in open beta and available to all partners and their clients using Xero Expenses. By allowing you to easily capture and record mileage claims, this new feature in Xero Expenses means you can be reimbursed faster. The open beta allows us to work collaboratively with you to continue building […]
How to Pay 0 Income Tax on Rs 20+ Lakh Salary? (FY 2019-20)
Salaried class have always complained of raw deal year after year in income tax laws. But the good news is you can still manage to pay Zero (NIL) income tax on salary of up to Rs 20 lakhs (Salary here means cost to company). All you need to have is right salary structure and invest […]
Nilekani says MDR would have trended to zero even without government
Infosys Chairman Nandan Nilekani said the merchant discount rate (MDR) would have trended to zero even if the government had not gotten involved and said payment providers in India should focus on budget payments that will help small merchants across the country. MDR is a fee that is levied by banks on merchants for the […]
How Walmart’s taking on Amazon, with help from Indian engineers
Amazon has hit almost every US retailer adversely. An exception has been Walmart. At over $500 billion in revenue, it remains more than twice as big as Amazon. In 2019, its share price rose 27%, much faster than Amazon’s and among the fastest in the Dow Jones index. The stock price surge actually began in […]
Sovereign Gold Bond – February 2020 – Review & How to Buy?
Government of India has launched the Series IX for FY 2019-20 of Sovereign Gold Bonds from February 3 to 7, 2020. These bonds are investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. Highlights Sovereign Gold Bond Eligibility: Resident Individuals, HUFs, trusts, universities, charitable institutions, etc Application Date: February 3 […]