The decline in profits points to lingering trouble for the manufacturing sector, which is wrestling with fallout from the health crisis that has severely hurt output and is expected to halve economic growth in the current quarter compared with the previous three months. … [Read more...] about China’s industrial firms post steepest fall in profits in a decade
Barry murphy mining
Companies have access to a larger pool of talent—including parents The right person for the gig may not be located in New York, Boston, Los Angeles, or any other major metropolitan area. This was Abby Coleman’s mindset when she created her fully remote company, Territory Foods, in 2019. Currently, the company operates in 13 markets. While they have team members in each of those regions, they decided against creating a central headquarters. Rather, they have talent from all over the country, including a leadership team located in five different states, with past experience working at companies such as Amazon, Kraft, General Mills, PepsiCo, and Target. Collectively, these leaders have nine children, with five under the age of five. “Remote work allows us to retain great talent because they feel they are able to more effectively juggle the daily demands of parenting, while not wasting any precious minutes commuting,” says Coleman. … [Read more...] about We’re in the midst of a massive work-from-home experiment. What if it works?
Double whammy for banksBanks have been operating in a stressful environment. High NPAs have already made banks extra cautious while lending to small industrial units. Lending to small and marginal companies have shown a tepid growth or are near stagnant levels so far this year.The coronavirus scare is likely to hamper lending further. “The loans availed by all these segments are at risk now for obvious reasons,” Siddarth Purohit, Analyst at SMC Global Securities, said. … [Read more...] about Coronavirus impact | Banks staring at a double whammy in their NPA books
While the crypto ecosystem is overjoyed by the relief from the highest court of the country, there is a decision pending with the Parliament on the matter of banning of virtual currencies. The draft Banning of Crypto Currency and Regulation of Official Digital Currency Bill, 2019 seeks to prohibit mining, holding, selling, trade, issuance, disposal or use of cryptocurrency in the country. … [Read more...] about SC ruling on cryptocurrency trading: Industry chuffed with ruling
There is ease of use and making transactions on a real-time basis, with no cross-border restrictions. Anonymity is offered, but there is virtually no know-your-customer (KYC) requirement, which makes it a concern from a traceability point of view. One of the major issues is that crypto accounts can be used for illicit purposes that are impossible to track. This makes it worrisome. Creating a crypto wallet requires just an internet-enabled device. With limited information technology literacy, this can expose users to high-risk situations and make them potential targets for cyber criminals. The resurrection of cryptocurrencies will depend on how the ecosystem can grow while mitigating risks. … [Read more...] about SC verdict on cryptocurrencies: What it means for investors