business

Victoria Treyger is Chief Revenue Officer of Kabbage Shutterstock The freedom to chase your entrepreneurial dream is one of the great foundations of America. Owning a business is a freedom the U.S. Census Bureau of Labor Statistics records 29.6 million Americans pursue today, supporting local communities with products and services while contributing millions of dollars and jobs [...]

Apart from announcing a new revival plan to reduce the company’s debt problem, Anil Ambani-led Reliance Communications (RCom) on Tuesday said the telecom had become a “money guzzler”, a business where only those with “deep pockets” could remain in the game. As per the debt-restructuring plan, the company will raise about Rs 25, 000 crore [...]

A direct marketing platform already very popular among U.S. small businesses is expanding its business domestically with a huge new investment. GetResponse, the European-based online marketing platform, is increasing its U.S. operations with a big investment and a new Boston office to better serve American small businesses. GetResponse Opens an Office in Boston, First in US [...]

Prime Minister Narendra Modi flashing a victory sign outside parliament on Monday. Trends from Himachal and Gujarat election results show that the BJP is set to form the government in both the states. Photo: ANI/Twitter Mumbai: The Bharatiya Janata Party’s (BJP’s) victory in Gujarat is being seen as a vindication of the centre’s policies such as [...]

The financial services giant is selling its single strategy asset management business for around £600m Old Mutual is to sell its single strategy asset management business to private equity firm TA Associates and the unit’s management team, which includes star fund manager Richard Buxton, for an expected £600m. The FTSE 100 finance giant has reportedly been exploring a [...]

Beverage major’s business climbs ₹1,507.4 crore over a year Good volume growth in the branded business segment and improved performance in some of its associates has boosted the prospects of Tata Global Beverages (TGB) during the second quarter of 2017-18. TGB has interests in tea, coffee and water. The company’s branded business comprises packet tea, [...]

A quick reminder of the result of September’s election shows why Angela Merkel is in a bind.  Photograph: Bloomberg Having only won 246 out of the 706 seats in the Bundestag, the CDU/CSU needs coalition partners to form a stable government. However, the maths is tricky, as the SPD isn’t willing to join another grand coalition. That [...]

The latest edition of Small Business Trends magazine is now available for download. Get your copy right now by clicking here. This month, we’re tackling the cloud. Sounds like an impossible task — tackling a cloud, that is. For a lot of small businesses, it sounds like a lot more difficult than it actually is. In [...]

Two prominent City of London figures have warned EU leaders about the dangers of stripping London of the lucrative euro clearing trade after Brexit. A proposed move could cost investors €100bn (£83bn) over five years, Xavier Rolet, chief executive of the London Stock Exchange, said on Monday. Seperately, Michael Spencer, founder of broker Icap described the [...]

Facebook’s growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software. Facebook reported on Wednesday that 98% of its quarterly revenue came from advertising, up from 97% a [...]

The existing network of Future Retail includes small-format EasyDay stores and large-format Big Bazaar stores, along with apparel chain fbb, Foodhall, electronics store eZone and furniture and home decor chain HomeTown. Photo: Indranil Bhoumik/Mint Shares of Future Retail Ltd hit an all-time high on Thursday after India’s biggest departmental store chain said its board has [...]

British businesses must crack down on excessive pay for bosses and improve boardroom diversity to restore public trust after scandals at Sports Direct and collapsed retailer BHS, MPs have warned. Among their wide-ranging recommendations, the MPs’ committee called for a ban on long-term investment plans, complex multi-year pay deals that have been criticised for masking [...]