Category Archives: Business

Full text: Nita Ambani’s address at Sports Business Summit in London

Nita Ambani, owner of the Indian Premier League (IPL) franchise Mumbai Indians, on October 8, addressed the Sports Business Summit in London, which is part of Leaders’ Week London 2019 event. She is also the Founder and Chairperson of Reliance Foundation and a member of the International Olympic Committee (IOC). Here’s a full transcript of Ambani’s address: Distinguished guests, ladies and… Read More »

Over 2,000 Indian firms joined Dubai business chamber in first six months of 2019

Over 2,000 Indian companies joined the Dubai Chamber of Commerce and Industry (DCCI) as new members in the first six months of 2019, marking an 18 percent increase compared to the same period last year, the business body said on Thursday. The 2,208 new Indian firms accounted for 24.4 percent of the new member companies that registered with… Read More »

VG Siddhartha: A face beyond his coffee business

Last week, everyone across Karnataka, or maybe across India, was glued to the television to find out the fate of one man — VG Siddhartha. For many, he was largely an unknown face. The few who knew him were aware only of his identity as owner of Café Coffee Day (CCD) — a chain he had built since… Read More »

J&K Bank case: I-T dept raids Kashmir business group, seizes Rs 1.28 crore assets

The Income Tax Department said on Tuesday that it has conducted raids against a Kashmir-based business group and seized unaccounted assets worth Rs 1.28 crore in connection with its tax evasion probe against entities linked to the financial operations of J&K Bank. Alleged irregularities in loan disbursal activities and appointments at the state-owned lender came to light recently… Read More »

Why there’s a startup inside a big business

Hemant Rachh, a Bengaluru-based product expert in SAP Labs India, and his colleague came up with an idea in 2017 of an artificial intelligence (AI)-powered software that could convert all leads an organization received into sales. Within a few months, two more colleagues joined in to build the idea. Convinced of it as a product, the four-member team… Read More »

MF business draws hordes; are SEBI’s concerns justified?

On one hand, we are seeing exits of partners from the domestic mutual fund industry while on the other hand, a set of players still find the Indian mutual fund industry attractive. The industry has been grappling with credit crisis issues leading to significant outflows from the industry. Further, the debt levels of Reliance Capital and Dewan Housing Finance have prompted them… Read More »

How To Craft A More Fulfilling Vacation Using Insight From Business And Investing

Been there, done that. You’ve visited the tropics, the mountains, the lake. You’ve sailed on a cruise and made the pilgrimage to Disney, perhaps each twice or more. Most were fun, restful—maybe even restorative or memorable. But something was lacking. Something was missing. As you dream up your next vacation, it’s hard to find something sufficiently tempting, beyond… Read More »

How Artificial Intelligence is solving different business problems

Various businesses and companies are employing AI to handle business problems differently As soon as the words “AI” and “music” are used in the same sentence, one comes across skepticism. If robots are making call centre jobs useless, one is scared to think of what would happen to all the musicans who are anyway underpaid. “In the world… Read More »

Forget about taxman, focus on business: CBDT to startups

New Delhi: The country’s startup community should not worry about taxmen and concentrate on their businesses as concerns related to ‘angel tax’ have been “sorted out”, CBDT chief P.C. Modi said on Saturday. All “legacy issues” related to startups will be resolved through a consultative process and under the strict supervision of senior officers of the tax authority. In her maiden… Read More »

Madhu Jayanti buys Eveready’s packet tea business

The ₹390-crore Madhu Jayanti International, which is primarily into the manufacture and export of value-added teas, is looking to ramp up its domestic business with its recent acquisition. The company acquired Eveready’s packet tea business and its brands — including Tez Red, Premium Gold and Jaago — for ₹6 crore. The combined sales volume of these three brands is estimated… Read More »