Saturday 24th August 2019,
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Business

ITC’s hospitality forays – the less talked about business interest of tobacco/FMCG giant

ITC’s hospitality forays – the less talked about business interest of tobacco/FMCG giant

Hotel Leelaventure’s Rs 3,950 crore asset sale to Canada’s Brookfield Asset Management has run into a roadblock with the Securities and Exchange Board of India (SEBI) putting the transaction on hold after a complaint by minority shareholder ITC. The tobacco giant, which owns 7.9 percent in Hotel Leela, has alleged that rules on valuation and related-party [...]

April 26, 2019 Loknath Das Business Comments Off on ITC’s hospitality forays – the less talked about business interest of tobacco/FMCG giant

Amazon plans to close Chinese marketplace business, focus more on India

Amazon plans to close Chinese marketplace business, focus more on India

Singapore/Seattle: In a rare retreat for Amazon.com Inc., the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers. Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations [...]

April 21, 2019 Loknath Das Business Comments Off on Amazon plans to close Chinese marketplace business, focus more on India

Jio’s fibre business raising Rs 27,000-crore loan

Jio’s fibre business raising Rs 27,000-crore loan

MUMBAI: Reliance Jio Infocomm’s fibre network unit is raising about Rs 27,000 crore in syndicated loans from a group of banks, three executives aware of the financing plans told ET, as the newly created infrastructure business expands to meet expected demand for its assets from sectors such as power besides telecom and internet services providers. Lenders in [...]

April 16, 2019 Loknath Das Business Comments Off on Jio’s fibre business raising Rs 27,000-crore loan

Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Tata MotorsNSE 2.17 % Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited to sister concern TASL for Rs 625 crore for the aerospace business. Tata Motors also said that it has acquired non-aerospace business from TAL Manufacturing Solutions Limited (TAL) for Rs 10 lakh. “…we would like to inform that the Company has [...]

March 31, 2019 Loknath Das Business Comments Off on Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai

Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai

One thing clear is that you want to write good business. I am not going to focus on topline and ignore the bottomline. We want to be selective but having said that there have been challenges in the motor insurance business. We have run into some huge challenges. We are devising ways to tackle the challenges. There [...]

March 27, 2019 Loknath Das Business Comments Off on Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai

‘No Brexit with no-deal’ – NI business

‘No Brexit with no-deal’ – NI business

Some of NI’s largest businesses have written to MPs urging them not to let the UK leave the EU without a deal. They say that no-deal would “result in significant damage to our export markets, supply chains, consumer spending power and the region’s competitiveness”. The letter has been organised by the employers organisation, the CBI. The [...]

March 11, 2019 Loknath Das Business Comments Off on ‘No Brexit with no-deal’ – NI business

5G’s Potential, and Why Businesses Should Start Preparing for It

5G’s Potential, and Why Businesses Should Start Preparing for It

A new Accenture survey of nearly 2,000 technology and business executives in 10 countries revealed deep uncertainty about next-generation mobile network technology, known as 5G. Few of those surveyed, for example, believe industry predictions about the dramatically improved speeds of 5G networks. And more than half don’t expect the technology will enable them to do much that they can’t [...]

March 6, 2019 Loknath Das Business Comments Off on 5G’s Potential, and Why Businesses Should Start Preparing for It

Unfreezing the Business

Unfreezing the Business

In an attempt to draw business leaders, investors, industry captains, agriculturalists and economists from all over India, a two day Davos type economic conclave will be held at skiing resort Gulmarg on 27 February 2019. It would be one of the most prominent events of the year. Like World Economic Forum (WEF) annual meets, first [...]

February 17, 2019 Loknath Das Business Comments Off on Unfreezing the Business

Sun Pharma Q3 preview: Analysts expect healthy growth in profit, revenue on US business

Sun Pharma Q3 preview: Analysts expect healthy growth in profit, revenue on US business

. Sun Pharmaceutical Industries is expected to report a healthy set of earnings for October-December quarter, driven by strong US business and Halol resolution. One thing to note is numbers will be on low base for the quarter. “The key drivers for the business in terms of ANDA pipeline, differentiated portfolio and regulatory compliance for the US [...]

February 12, 2019 Loknath Das Business Comments Off on Sun Pharma Q3 preview: Analysts expect healthy growth in profit, revenue on US business

The Nine Things No One Tells You About Starting A Business

The Nine Things No One Tells You About Starting A Business

If you dream of starting your own business, there are plenty of resources. Coaches, books and websites detail specific steps you should take or rules you should follow. But to be successful, you have to break the rules. You must be unapologetic about who you are and dare to be different. Here’s my advice for [...]

February 6, 2019 Loknath Das Business Comments Off on The Nine Things No One Tells You About Starting A Business

Apple services business grows; CEO Cook says China tensions ease

Apple services business grows; CEO Cook says China tensions ease

Apple said sales for the current quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for the iPhone, especially in China. Apple said it bought back $8.2 billion worth of shares in the quarter ended in December, less than half the $19.4 billion it purchased [...]

January 30, 2019 Loknath Das Business Comments Off on Apple services business grows; CEO Cook says China tensions ease

It’s Not Marriage, But Money That Keeps Most Urban Housewives Away From Starting Own Business: Study

It’s Not Marriage, But Money That Keeps Most Urban Housewives Away From Starting Own Business: Study

The last five years saw an unprecedented entrepreneurial boom in India with small to mid-scale start-ups proliferating at a dime a dozen rate. However, a new study reveals that not all men and women have benefited equally from this growth spurt which has remained largely male dominated. In a study called ‘Britannia Marie Gold Indian [...]

January 20, 2019 Loknath Das Business Comments Off on It’s Not Marriage, But Money That Keeps Most Urban Housewives Away From Starting Own Business: Study