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 […]
Archives for 2020
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 […]
Weekend Reading for Financial Planners (October 3-4)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the announcement that the CFP Board is ‘updating and modernizing’ its governance structure as an organization, including a revision to its Board terms, and more significantly, an expansion of the Board’s role in both enterprise risk […]
ABLE account final rules provide wide-ranging guidance
The IRS issued final regulations on Thursday providing guidance to eligible individuals with a disability who are the owners and designated beneficiaries of ABLE accounts on a wide variety of issues involving the requirements for Sec. 529A ABLE accounts (T.D. 9923). ABLE (achieving a better life experience) accounts are tax-favored savings accounts set up under […]
Employers added 661K jobs in September, including 2.2K in accounting – Accounting Today
The unemployment rate declined by 0.5 percentage points to 7.9 percent in September, the U.S. Bureau of Labor Statistics reported Friday, as employers added 661,000 jobs, including 2,200 in accounting and bookkeeping. The labor market improvements reflected the continued economic recovery despite the novel coronavirus pandemic and efforts to contain it. However, stocks fell sharply […]
Bank of America stands by pledge of no layoffs this year
Bank of America plans to stand by its pledge of avoiding staff cuts this year as some of its biggest rivals resume workforce reductions amid the pandemic. “We’ve said no layoffs for this year and we’ll stick by that,” Bank of America Chief Executive Officer Brian Moynihan said Thursday in a Bloomberg Television interview. Banks […]