The rationale of deciding which default is COVID-19-related seems to be based on the date of application to IBC proceedings. If the IBC application has been accepted before the lockdown start date, that will not be a COVID-19-related default. But, the question is how exactly banks can conclude if the default is indeed COVID-19-related or if the application is filed after the lockdown date. There can be other reasons as well. … [Read more...] about What does the IBC data tell us about the state of Indian economy?
Reagan tax cuts
As I wrote in 2017 when Buttonsmith was a $2 million business, the company isn’t just a maker of an assortment of geegaws. Rather, it’s a software and logistics company that acquires specialized manufacturing equipment and spreads products across its devices, fed by its understanding of customer demand and expertise in leveraging Amazon’s custom-ordering system. In normal times, customers can order items that use photos they upload or text they provide, and Buttonsmith can pop them out in under a few hours and have them in someone’s hands a couple of days later. … [Read more...] about A 17-year-old’s business made millions on Amazon. Now it’s pivoting to masks
Inverse Uber Valet parking apps act like the inverse of Uber or Lyft. Rather than have a car come to you and take you to where you want to go, you drive to a spot you specify in a service area–typically a large area around a downtown–and a valet meets you and drives your car off to a secured lot under contract to the app operator. When you want the car back, the valet meets you. Payment is through the app, though cash tipping is allowed; Luxe allows tipping in-app and Zirx will add it. … [Read more...] about The App Economy’s Newest Challenge: Making Parking Less Painful
As mentioned earlier, the leaked data includes sensitive information such as email, phone, home address, qualification, work experience etc. “We usually see this sort of leaks all the time, but this time, the message header got our attention as it included a lot of personal details – where most of the things are generally static such as education, address etc,” Cyble said in its blog post. … [Read more...] about Personal data of 2.9 crore Indian job seekers leaked on dark web: Report
Sanofi will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron , the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth. … [Read more...] about Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares