Monday 13th January 2020,
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Business

Life insurers may log strong new business

Life insurers may log strong new business

Mumbai: Life insurers such as ICICI PrudentialNSE 1.55 %, HDFC LifeNSE 0.25 % and SBI LifeNSE -0.05 % are set for a quarter of strong new business growth driven by increasing margin gains in protection business, expanding distribution network and robust premium even as some insurers may see increased stress in certain portfolios due to a slowing economy. The December quarter, which [...]

January 13, 2020 Loknath Das Business Comments Off on Life insurers may log strong new business

‘In the new decade, hospitality business cannot ignore digitization’

‘In the new decade, hospitality business cannot ignore digitization’

With increasing and fast-paced shifts in customer behaviour patterns and workplace modalities, it is imperative that in the new decade we take necessary steps right away to be future-ready and future-engaged . The traditional approaches to work and workforce changes may not be enough. Here are the five trends that IHCL MD&CEO Puneet Chhatwal told Mint will [...]

January 11, 2020 Loknath Das Business Comments Off on ‘In the new decade, hospitality business cannot ignore digitization’

‘Can’t nail director not part of daily business for delay to pay TDS’

‘Can’t nail director not part of daily business for delay to pay TDS’

MUMBAI: A sessions court has held that unless shown that a director is involved in the day-to-day activities and conduct of business of a company, he is not liable to face criminal prosecution on its behalf. The court observed this while setting aside a lower court’s order initiating criminal process against a shipping company’s now [...]

January 5, 2020 Loknath Das Business Comments Off on ‘Can’t nail director not part of daily business for delay to pay TDS’

Fear not, Modi tells businesspersons: Business offence to be no longer a crime; will amend law

Fear not, Modi tells businesspersons: Business offence to be no longer a crime; will amend law

Hardselling his administration’s pro-business approach, Prime Minister Narendra Modi on Friday said the government is working to decriminalise provision of Companies Act to make it easier to do business in the country. Speaking at an Assocham event, he said the recent cut in corporate tax has brought rates to all-time low for businesses. He, however, said labour [...]

December 22, 2019 Loknath Das Business Comments Off on Fear not, Modi tells businesspersons: Business offence to be no longer a crime; will amend law

Business failure not a crime, says PM in bid to revive animal spirits

Business failure not a crime, says PM in bid to revive animal spirits

New Delhi: Prime Minister Narendra Modi on Friday said his government has corrected past weaknesses of the economy, and urged industrialists to “invest boldly”, promising protection against wrong actions in genuine commercial failures. “I want to assure the banking and corporate world that we have been able to overcome weaknesses in the system to a large [...]

December 21, 2019 Loknath Das Business Comments Off on Business failure not a crime, says PM in bid to revive animal spirits

PSB consolidation may shrink IT firms’ business

PSB consolidation may shrink IT firms’ business

BENGALURU: Technology companies offering niche services to banks face a challenge as public sector lenders consolidate, with issues around shrinking revenue, reduced clients and heightened competition, industry experts have said. The country will be left with only 12 large public sector banks from 27 before, the government had announced earlier this year. For existing IT service providers, [...]

December 11, 2019 Loknath Das Business Comments Off on PSB consolidation may shrink IT firms’ business

Intel says Qualcomm’s business practices drove it out of the modem chip market

Intel says Qualcomm’s business practices drove it out of the modem chip market

It’s not like this wasn’t among the reasons everywhere suspected when Apple suddenly announced it was buying Intel’s modem business, but now the chipmaker has filed a brief in support of the FTC in an ongoing appeal by Qualcomm of a decision made in May. That decision found in favor of the FTC’s allegations that Qualcomm’s licensing [...]

November 30, 2019 Loknath Das Business Comments Off on Intel says Qualcomm’s business practices drove it out of the modem chip market

Uber’s Europe business is at risk after London revokes license

Uber’s Europe business is at risk after London revokes license

Uber Technologies Inc.’s biggest market in Europe is at risk after regulators revoked the ride-hailing service’s license to operate in London for the second time in less than three years, expressing safety concerns. The London transportation regulator said Uber failed to adequately verify drivers’ identities and safeguard the service for passengers. At least 14,000 trips involved [...]

November 27, 2019 Loknath Das Business Comments Off on Uber’s Europe business is at risk after London revokes license

UK firms upbeat about doing business in India: Report

UK firms upbeat about doing business in India: Report

NEW DELHI: UK companies are upbeat about doing business in India, with 56 per cent of them saying it is getting easier to do business in India and their perception about corruption being a barrier to operating in India seeing a sharp drop, according to a report. The UK India Business Council’s fifth annual Doing Business in India report [...]

November 15, 2019 Loknath Das Business Comments Off on UK firms upbeat about doing business in India: Report

Fintech startup Open partners with Visa; launches business credit card for SMEs

Fintech startup Open partners with Visa; launches business credit card for SMEs

SME-focussed neo-banking platform Open on Monday said that it has partnered with Visa, to launch ‘Founders Card’ – a business credit card that will help startups and SMEs manage their expenses and vendor payouts easily. The announcement was made at the Singapore Fintech Festival. The card will be integrated with tools like expense management and subscription management, that will help [...]

November 13, 2019 Loknath Das Business Comments Off on Fintech startup Open partners with Visa; launches business credit card for SMEs

AMAZON SMALL BUSINESS AWARDS: Read about the 18 finalists and choose your favorites to win each category

AMAZON SMALL BUSINESS AWARDS: Read about the 18 finalists and choose your favorites to win each category

More than 1,300 businesses nominated themselves for Amazon’s Small Business of the Year awards, and these finalists are eligible for a prize package worth an estimated $80,000. The perks include dedicated account management, advertising and promotion assistance, and a visit to the Seattle HQ. Voting is live until midnight (PST) on November 8, so read [...]

November 10, 2019 Loknath Das Business Comments Off on AMAZON SMALL BUSINESS AWARDS: Read about the 18 finalists and choose your favorites to win each category

HCL Technologies launches Google Cloud Business Unit

HCL Technologies launches Google Cloud Business Unit

New Delhi: IT major HCL Technologies (HCL) and Google Cloud on Thursday announced the launch of HCL’s Google Cloud Business Unit to accelerate enterprise cloud adoption worldwide. This dedicated business group within HCL will be supported by engineering, solutions, and business teams from Google Cloud and will help organizations advance their digital transformation agendas powered by [...]

November 1, 2019 Loknath Das Business Comments Off on HCL Technologies launches Google Cloud Business Unit