Amid a 50-60% slump in CXO hiring and layoffs galore, a handful of startups and ecommerce companies are using the opportunity to bolster their top decks. BasicFirst, Dream Sports, FarEye, Licious, Myntra, Milk Mantra, Vedantu, HouseJoy, Zivame and BharatPe are among those that have onboarded top-level hires even as the Covid-19-induced lockdown disrupted almost all […]
On the link between economic inequality and social injustice
I’m doing a lot more listening and almost no talking this week given what’s going on in this country. Two things I wanted to share, related to the mass demonstrations across America, deal with the fact that economic realities are often the underlying causes for social injustice. Why does one population get policed one way, […]
Abu Dhabi Investment Authority in talks to invest in Jio platforms
Abu Dhabi Investment Authority has joined active discussions for a minority stake in Jio Platforms as cash-rich sovereign wealth funds from the Gulf proactively seek out deals around the world, people familiar with the matter said. ADIA follows Mubadala, the sister firm of the UAE’s largest sovereign wealth fund, which has already been in negotiations […]
Facebook workers criticize Mark Zuckerberg’s inaction over Donald Trump
Senior Facebook employees used Twitter over the weekend to express their dismay at Chief Executive Officer Mark Zuckerberg’s decision not to take action on incendiary comments posted to the social network by U.S. President Donald Trump. After the president tweeted a message with the words “when the looting starts, the shooting starts” in response to […]
Flipkart to re-apply for food retail license in India
Walmart‘s Indian e-commerce unit Flipkart said on Monday it would re-apply for a food retail license in India after reports said its earlier proposal was rejected by the government last week. India’s Department for Promotion of Industry and Internal Trade (DPIIT) last week rejected the e-tailer’s proposal to sell food products through online and mobile […]
Munich Re Ventures in talks to lead $60-70M funding in Acko
Illustration: Rahul Awasthi Munich Re Ventures, the strategic corporate venture capital arm of Munich Reinsurance, is in the final stages of leading a $60-70 million financing round in Acko Technology, people in the know said. The funding is expected to value Acko at around $400-$500 million, these people said on the condition of anonymity. Other […]
Consumers in smaller cities and towns are now increasingly shopping groceries online
Illustration: Rahul Awasthi Consumers in smaller cities and towns are increasingly using online grocery delivery services and are shopping for higher-value basket sizes compared to the top seven cities, at least six companies in the sector told ET. A fear of the Covid-19 pandemic as well as closure of many physical stores, coupled with non-availability […]
Non-metro users in with bigger baskets at online grocery firms
Illustration: Rahul Awasthi Consumers in smaller cities and towns are increasingly using online grocery delivery services and are shopping for higher-value basket sizes compared to the top seven cities, at least six companies in the sector told ET. A fear of the Covid-19 pandemic as well as closure of many physical stores, coupled with non-availability […]
“This is simple and straightforward, unless you are committed to misunderstanding it.”
Barry Ritholtz: I am past due to clear up some confusion and misinformation about our decision to participate in the Paycheck Protection Plan (PPP). This is simple and straightforward, unless you are committed to misunderstanding it. PPP (The Big Picture) Max Schatzow (Stark & Stark): Investment advisors did not have a crystal ball when making […]
YouTube, Facebook and Netflix drive rural India’s internet usage
Surrounded by hills, Nandanam village in Chittoor district of Andhra Pradesh had never experienced Internet connectivity before. Babu Reddy, a village-level entrepreneur who runs a digital kiosk or Common Service Centre, is however providing high-speed Fibre-to-Home connections to citizens now, utilizing the BharatNet fibre backbone, which is transforming the life of the villagers, especially its […]