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October 20, 2020

Can E-Commerce Save Retail?


7 min read

Opinions expressed by Entrepreneur contributors are their own.


In the span of a few short weeks, the coronavirus pandemic completely reshaped shopping and left many retailers struggling to survive. Neiman Marcus, JCPenney, J. Crew, and other popular chains filed for bankruptcy. According to a report from Yelp, 60 percent of listed businesses that shut their doors during the pandemic have closed for good, including 48 percent of retail stores.

At the same time, the crisis is opening up opportunities for retail to evolve. It has disrupted  when, where, and how people shop, creating space to rebuild and reimagine relationships with customers. Three-quarters of consumers have tried a new shopping brand or method since the pandemic started, and most plan to continue it going forward.

As companies try to navigate this new landscape, many business leaders are placing their hope in

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October 20, 2020 by Economy

IRDAI allows renewal, migration & porting of Covid specific policies


The Indian insurance regulator has allowed renewal, migration and portability of Covid-19 specific standard health insurance policies — Corona Kavach, Corona Rakshak and Group Corona Kavach Policy.


 



 


The move is expected to increase the sale of other health insurance policies.


 


In a circular issued on Tuesday, the Insurance Regulatory and Development Authority of India (IRDAI) has said the insurers have the choice to allow renewal, migration and portability of the above policies.


 


According to IRDAI, renewal of the policies is allowed for three and half months, six and half months or nine and half months as per the policyholder’s choice.


 


The insurance cover will be continuous and there will not be any 15-day waiting period, the IRDAI said.


 


However, if the policyholder

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October 20, 2020 by Personal Finance

Listed firms spent Rs 36,000 crore on R&D in 6 years, just 0.9{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} of revenues


Listed companies spent Rs 36,000 crore on research and development (R&D) — just 0.9 per cent of revenues. As a percentage of GDP, R&D spends in India have averaged 0.7 per cent in the past six years, ICICI Securities’s analysis showed.


India’s R&D spends are “relatively low as compared to other emerging economies (1-1.5 per cent) and significantly lower than developed economies and China (more than 2 per cent),” said Vinod Karki, Siddharth Gupta, and Anagha Deodhar, analysts at the brokerage.



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October 20, 2020 by Market