Category Archives: Business

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 »

5 women entrepreneurs disrupting the small and medium business industries in India

The glass ceiling may not be done away with just yet, but that is not stopping women from breaking it time and again. From leading roles in science, technology, engineering, and mathematics (STEM), to auto, fintech, health and sectors, no space is spared by women entrepreneurs who are innovating for real problems. And the same goes for the… Read More »

Why You Should Build A Brand, Not Just A Business

Once upon a time, starting a business seemed like an obscure and unachievable mission reserved only for courageous souls. But now that the barrier to entry for creating an online business has significantly lowered and opportunities for entrepreneurship continue to rise around the globe (thanks, Internet!), more people than ever before are jumping ship from their 9-5 jobs to start their own… Read More »

7 Online Business Ideas To Try in 2019

Having an online business is quite possibly one of the greatest ways to make a living. Being able to create an income with just a computer and a phone is a freedom like none other. It’s a ton of work, don’t get me wrong, but you get to forgo a commute, office politics, showers… You’ll certainly put in… Read More »

Hope to drive Europe business to self-sufficiency, cash profitability: Koushik Chatterjee

MUMBAI: With the proposed joint venture with German steel giant Thyssenkrupp now abandoned, Tata Steel will focus on making its European business self-sustainable. Koushik Chatterjee, executive director and chief financial officer of Tata Steel, said in an interview that the market can expect more clarity on the company’s European operations within 6-8 months. Edited excerpts: Now that the joint venture with… Read More »

GMR to invest ₹350 crore to set up business park in Hyderabad

HYDERABAD: GMR Infrastructure Ltd plans to invest around₹350 crore to set up its first office park spread over 1 million sqft in Hyderabad in the next 3-4 years as part of its larger land monetisation plan, said a top company executive. The New-Delhi based group, which operates Delhi and Hyderabad airports apart from other infrastructure businesses in India, has been… Read More »