Covid-19 prevention goods are flying off the shelves of the Government e-Marketplace (GeM), the government’s e-procurement portal, with sales to the tune of ₹400 crore so far. The state governments of Uttar Pradesh and Delhi are on the forefront, making maximum such purchases from the portal worth ₹105 crore and ₹75 crore, respectively. This includes […]
ETtech Top 5: Crypto ban, fewer footfalls at restaurants, freelancers in demand
Happy Friday! There’s bad news for crypto enthusiasts. India is looking to introduce a new law to ban cryptocurrencies, months after the Supreme Court quashed the April 2018 circular of the Reserve Bank of India that prevented banks from providing services in support of virtual currencies. Crypto ban A draft note will be sent to […]
Unheard of
I’m not sure but I think Hertz may be the first listed company in history to announce a secondary stock offering after filing for Chapter 11 bankruptcy. This headline is truly one for the ages: When I saw it, I rubbed my eyes – I almost couldn’t believe this was real. But it is. This […]
Listen to Jeremy Grantham explain the slow death of value investing better than anyone
Patrick O’Shaughnessy had GMO’s Jeremy Grantham on the other day and the first topic they got into was why value investing has stopped working, at least in the traditional sense. Grantham’s amazing in this interview. It’s loaded with lots of other stuff he’s thinking about, including the FANG stock phenomenon, what’s going on with commodity […]
Around 64% freelancers say they have more work now compared to April-May: Report
Illustration: Rahul Awasthi Freelancing business is showing signs of a revival after the government eased the lockdown earlier this month, according to a study by Refrens, a Bengaluru-based invoices and payment system for freelancers. The report titled ‘Freelancers Getting Back To Work’, which is based on a survey of 14,000 respondents, showed that around 64% […]
Zoom caught in China censorship crossfire as meetings foiled
Video app company Zoom says that it blocked several meetings and suspended the accounts of three activists at the request of the Chinese government. The company released details Thursday saying that in May and early June, the Chinese government notified it about several online meetings planned to commemorate the crackdown on protesters in Beijing’s Tiananmen […]
Organisers, artists seek clarity on licensing structures as concerts go online
Following a post lockdown explosion in online events, major consumer brands, leading artists and top ticketing platforms are rushing to lawyers seeking counsel on a host of rights and licensing issues emanating from live streaming of content. The major issues up for discussion were licensing deals for digital, licensing of third-party rights and monetisation of […]
Marriott partners with Zomato for home delivery service
Marriott International announced on Friday that “Marriott on Wheels”, their home delivery service will now be available in more cities through an agreement with Zomato. Zomato said this association expands Marriott’s home delivery services across India, while allowing outreach and exposure to thousands of customers using the platform. Marriott on Wheels has also branched out […]
Netflix in talks to source local Indian content from Reliance affiliate Viacom18: Sources
Video streaming service Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides. Under the partnership, Network18 affiliates – which include its joint venture with ViacomCBS, […]
Domestic travel rebounding strongly: Airbnb co-founder Nathan Blecharczyk
Nathan Blecharczyk, co-founder, Airbnb Nathan Blecharczyk, co-founder of Airbnb, expects a big shift in the direction of domestic bookings for India after the lockdown and easing of travel restrictions. “India is a big country. Domestic travel is strong in big countries. The United States, India, Brazil, Germany. These are countries with big domestic markets. India […]