Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years. Shares soared as much as 13% in after-hours trade, putting the online retailer back in the $1 trillion (761 […]
Archives for 2020
Tax social media giants, ecommerce firms: SJM
The Swadeshi Jagran Manch (SJM) has strongly recommended that the Centre bring foreign-run social media giants, ecommerce companies, giant foreign software companies and large taxi and travel aggregators under the tax net in the upcoming Budget, to meet its revenue shortfall. SJM is an influential RSS affiliate whose imprint is increasingly found on a number […]
Facebook to pay $550 million in biometric privacy accord
Facebook will pay $550 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in US history, according to a statement on Wednesday by lawyers for consumers. The accord, which requires a judge’s approval, will avert a trial that may have exposed the social networking company […]
Flipkart scouts for land to develop campus to house all its businesses
Walmart-owned Flipkart is looking for a new address. India’s largest online retail platform is scouting for land to develop a campus that will house all its businesses, according to realtors and industry officials. The project is expected to cost Rs 1,500 crore. One of Bengaluru’s oldest realtors said he was given a brief by Flipkart […]
Govt to bundle over 4,000 free movies with internet to attract first time users
Common service centres (CSCs), or digital kiosks, are planning to offer consumers in remote areas access to a catalogue of over 4,000 movies and other entertainment content, in a bid to attract first-time internet users in far-flung areas. According to a top official, CSCs have been given the mandate to offer last-mile internet connectivity through […]
Facebook takes down account of Jamia shooter
Facebook took down the account of ‘Rambhakt’ Gopal, a man accused of shooting a student of Jamia Millia Islamia University in Delhi on Thursday, saying the social network has no place for violence. A Facebook page in the assumed name of the man featured a livestream video of him advancing towards the university, where protests […]
Why Citi’s robo is ‘late to the game’
Citigroup is the latest financial services firm to offer a digital advice platform designed to draw retail banking clients into lucrative wealth management relationships. However, the investment bank is behind competitors and the offering is priced well above the most attractive price points from competing firms. “Citi is a little late to the game here,” […]
6 tips for not-for-profit board members to improve volunteer retention
Serving on a not-for-profit board can be a rewarding experience, as board members’ involvement in organizational planning can help the not-for-profit fulfill its mission. To achieve this, it’s important for board members to consider a core element of many not-for-profit organizations: the volunteers. Why do volunteers matter? Not-for-profits cannot always depend on extensive financial resources […]
Don’t Fall For It!
[embedded content] My colleague Ben Carlson has a new book out about the history of financial fraud and what lessons investors can take away from that in modern times. It turns out that the new scams aren’t very different from the old scams, and that bull markets are fertile breeding grounds for credulous investors and […]
QuickBooks updates for January – Accounting Today
Intuit has released several updates for QuickBooks Online, QuickBooks Online Accountant and QuickBooks Online Advanced. QuickBooks Online and QuickBooks Online Accountant: Business view For QuickBooks Online and QuickBooks Online Accountant, “business view” is now available to help new small business users get up and running quickly on the platform. Business view is meant to reduce […]