Fintech lenders focused on small businesses are finding comfort in the steady cash flows of corner shops selling groceries, milk and medicines, even as Indian economy slowly reboots itself from the Covid-19 pandemic-led lockdown phase. Most fintech lenders are focusing on servicing existing clients and in the process turning off the funding tap for new […]
Dine-in customers at eateries are scarce after lockdown
Illustration: Rahul Awasthi Dine-in customers at eateries are scarce even after they have reopened following a nationwide lockdown, although takeaways and deliveries are picking up pace, restaurant chains told ET. Customer footfalls are at about 5-8% of the levels seen before the pandemic but are likely to go up in the next few weeks, they […]
India Inc chalks out new plans for staff amid the pandemic
Illustration: Rahul Awasthi With cities opening up gradually, India Inc is chalking out attractive medium-term work policies for staff, even as the Covid-19 pandemic shows no signs of easing. Companies such as Ola, Droom, Kissflow, Instamojo, Udaan and Flipkart, are putting in place measures that include part-time logins from home as well as offices, work […]
Two big L’s in a row
Those who refuse to acknowledge the racial injustice awakening going on in our country this summer took two big L’s within the last week or so. They lost the NFL – the league now admits it was wrong not to support the right of players to express their feelings about police brutality in black communities. […]
ETtech Top 5: Jio-TPG talks, Digital India trends, renegotiating rentals & more
Happy Thursday! There’s no stopping the Jio juggernaut. After it raised Rs 97,885.65 crore through eight transactions in seven weeks, Jio Platforms is said to be in talks with US-based TPG Capital. The private equity firm, known primarily for leveraged buyouts, is expected to be nearing a deal that might see it invest $1-1.2 billion […]
Ten reasons the “second wave” hasn’t spooked the markets (yet)
In the state of Texas, hospitalizations for the virus are up 42% since Memorial Day. The state of Arizona just issued a warning that they’re getting close to full capacity in their hospitals. Many states that have reopened are experiencing surges of cases and deaths, along similar trajectories of the spikes seen in the early […]
Just Eat Takeaway is acquiring Grubhub to create a restaurant delivery giant
Two pioneers in restaurant delivery – Just EatTakeaway.com and Grubhub – are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, which had been reportedly seeking to team […]
Rising Covid-19 count pushing users to opt for ecomm delivery: Survey
The demand for products on e-commerce platforms is likely to trend higher as the number of Covid-19 positive cases in India continues to rise and as consumers feel safer about having goods delivered home rather than step out. The recovery in demand on e-commerce marketplaces such as Flipkart and Amazon has been estimated at around […]
Bharat is keeping step with India on Internet usage and patterns
With 265 million internet users, rural India is not only catching up with cities in terms of the sheer number of netizens, it is also mirroring the time spent, frequency, share of female users and mode of access with its urban cousin. And, while internet usage might look similar on the surface, the activities which […]
Rates
The Federal Reserve made it clear today that rates aren’t going anywhere anytime soon and that the current “stabilization” aka quantitative easing measures now in place for the bond and cash markets are also not going away. They did acknowledge that conditions have improved (aka, stocks went back up). Here’s Peter Boockvar: Both the bond […]