Category Archives: Business

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 »

Weakness in key business segments casts a shadow of gloom on Bharat Forge’s earnings

Shares of components maker Bharat Forge Ltd have had no respite from their downhill run. The stock is down 27% from₹602 on 1 October, paling in comparison to the Nifty Midcap index, which has risen marginally since then. The stock’s descent began with news of slowdown in its key business segment, US Class 8 trucks. Latest data from Bloomberg shows that the… Read More »

Manulife in tie-up with Mahindra  arm,  to  invest $35 million in AMC business

MUMBAI: Mumbai: Mahindra and Mahindra Financial Services Ltd, through its subsidiary Mahindra Asset Management Co. Pvt. Ltd, has entered into a joint venture with global finance services group Manulife, which will invest $35 million in the asset management business. The 51:49 joint venture aims to expand the depth and breadth of fund offerings and retail fund penetration in India, Mahindra… Read More »

Beware: Businesses avoiding GST, council deliberating crackdown

Finance Minister Nirmala Sitharaman is all set to chair her first meeting of the GST council on Friday. The newly appointed finance minister will preside over a gamut of issues including the issue of businesses avoiding GST, which has become evident in the wake of declining GST collections. Agenda: Checking GST evasion The council at its 35th meeting… Read More »

Global business confidence dips to multi-year low: Worrisome but hardly shocking

The global economy continues to lose steam with the rate of expansion easing to a near three-year low in May. The JP Morgan Global Composite Output Index, published by IHS Markit, fell from 52.1 in April to 51.2 in May. Output growth at service providers was the weakest since August 2016, while the trend in manufacturing production was near… Read More »

Oyo plans to share its tech with others in the business

BENGALURU: Oyo may offer its in-house technology solutions to other hospitality brands globally, a top executive said. These technology solutions have been built to manage instant reservations on its network of properties and to engage with retail customers. The SoftBank-backed hotel marketplace said some hospitality brands have shown interest in Internet of Things-based solutions and other hospitality operations management applications.… Read More »