Tag Archives: business

PM tells business leaders economy will bounce back, $5-trillion goal realistic

Prime Minister Narendra Modi on Thursday told business leaders that India has the strength to bounce back from the ongoing slowdown and that the goal of a $5-trillion economy was realistic. Modi shared his confidence of achieving the medium-term goal at a meeting with economists and representatives from various industries ahead of his government’s FY21 budget. The Union… Read More »

Post IPO, Mindspace Business Parks REIT to raise ₹3,700 cr debt

Mindspace Business Parks REIT, which is aiming to become the country’s second publicly listed real estate investment trust (REIT), plans to refinance a large portion of its rent-yielding portfolio’s debt after its initial public offering (IPO), shows the company’s filing with the markets regulator. According to Mindspace REIT’s draft IPO prospectus filed with Sebi, the company is aiming to… Read More »

Reckitt Benckiser awards media business to dentsuX

NEW DELHI : Reckitt Benckiser India, the company behind popular fast-moving consumer goods brands like Dettol, Mortein, Strepsils and Harpic, has awarded its media business to dentsuX of Dentsu Aegis Network, the media agency said in a statement. DentsuX India won the mandate against the incumbent agency group, IPG, as well as Starcom, Madison and Havas. The business will… Read More »

Reliance denies reports on selling news business to Times Group

Mukesh Ambani’s Reliance Industries terms it false and baseless Billionaire Mukesh Ambani’s Reliance Industries on Thursday denied reports of selling its news media business to Times Group. Bloomberg early on Thursday reported that Ambani “is in talks to sell his news media assets to India’s Times Group, as Asia’s richest man plans to unload a business that’s been losing… Read More »

Business confidence takes a hit

The BCI, which is based on the 110th round of NCAER’s Business Expectations Survey (BES), “suggests a deep and all-pervasive worsening of business sentiment”, says a statement issued by the economic think-tank.(Shutterstock) Business confidence in India has been draining continuously as the economy shudders through its worst slowdown in over a decade. The business confidence index (BCI) developed… 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 »

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 »

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 »