Symphony added that COVID-19 "has not materially impacted the business of subsidiaries particularly Climate Technologies, Australia, and IMPCO, Mexico, in the April-June 2021 quarter so far and is closely monitoring and tracking the situation and development. … [Read more...] about Symphony Ltd net profit at Rs 40 crore in March quarter; net sales at Rs 249 crore
Businesses worried about brexit hit to sales
"During FY20, V-Mart maintained its stable performance, and in particular Q4, propelled by the late onset of winters saw revenue growth of 29 percent, LTL growth of 8 percent and EBITDA growth of 60 percent until 15th March, when the COVID-19 pandemic heightened, resulting into store closures and business disruption," the company said. … [Read more...] about V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
“The pandemic and consequent lockdown have led to a significant drop in the number of office-goers, changes in the restaurants' supply and customer preferences shifting towards prioritising for essential supplies as they stay indoors,” a Swiggy spokesperson told Moneycontrol. … [Read more...] about Exclusive | Swiggy suspends meal-for-one offering POP as virus hurts business
As an investor in early-stage technology startups, I’m excited by the possibility of seeing something new. We’re often reluctant to look seriously at companies in the social networking space because competing with the incumbents seems virtually impossible. But Facebook, YouTube, Twitter, and Snap aren’t going to be able to convert their business models overnight. They’re going to spend a few years fighting this issue in Congress and in the courts. And they’re going to do everything possible to prove that they’re not monopolistic and don’t deserve antitrust scrutiny and regulation, which will limit their willingness to squash innovation. … [Read more...] about Trump vs. Twitter: Is there a silver lining in the Section 230 fight?
Spending requirements: Only 60% of the loan funds would need to be spent on payroll, compared to the current 75%. Loan forgiveness period: This would be extended to 24 weeks, up from eight weeks. Deadline to rehire workers: This would be pushed back to a yet-to-be-determined date. It’s currently June 30. Other perks: Forgiveness recipients would now be allowed to defer payroll taxes. Restrictions on the PPP loans have been a significant point of contention for many small business owners, particularly those with physical storefronts who felt it made no sense to maintain payroll if their businesses weren’t allowed to operate during the pandemic. To make matters more complicated, guidance from the Small Business Administration kept changing, leaving some business owners worried that they could be accused of fraud if they spend the money the wrong way. … [Read more...] about Paycheck Protection Program rules could get easier under House bill: Here’s what it would do