Andhra Pradesh government starts taking over liquor business

AMARAVATI : Taking another step towards implementing prohibition in a phased manner, the Andhra Pradesh government has started taking over liquor business from private traders by opening 470 liquor shops as a pilot project. The government-run shops were opened on Sunday. Officials said 34 more shops would be opened in a couple of days. The government had last […]

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Karnataka Bank inks pact for MF business

Karnataka Bank has entered into an agreement with fintech company Finwizard Technology (known as ‘fisdom’) to offer wealth management products and services to customers, beginning with mutual funds, through the bank’s ‘KBL Mobile Plus’ app. The ‘KBL Mobile Plus’ app will offer enhanced interface to help customers navigate and choose the best-suited funds. Mahabaleshwara MS, […]

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Shapoorji Pallonji’s solar EPC business announces ₹3,125 crore public offer

Shapoorji Pallonji Group’s solar engineering, procurement and construction (EPC) business, Sterling and Wilson Solar Ltd, on Thursday, announced its initial public offering (IPO) worth₹3,125 crore. The price band for the three-day IPO, which opens on 6 August, is fixed at ₹775- ₹780 apiece. The IPO, a pure offer for sale, will see its promoters—Shapoorji Pallonji and Co. […]

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Oyo Hotels acquires Innov8, expands co-working space business

BENGALURU: OYO Hotels and Homes, the world’s third-largest chain of hotels, homes, managed living and workspaces, on Tuesday confirmed its acquisition of Innov8, a co-working spaces provider, highlighting the company’s increasing focus on the fast-growing segment. While Oyo did not disclose financial details of the Innov8 acquisition, it is pegged to be around $30 million, according […]

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India June Business Sentiment Lowest Since 2016: Survey

India’s slowing economic growth, water shortage and regulatory hurdles have taken its business sentiment in June to the lowest level since 2016, a survey by market research firm IHS Markit showed on Monday. The aggregate of private-sector companies forecasting output growth during this year fell to +15% in June from +18% in February. The level […]

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Agri-Business Incubation Centre started in Chhattisgarh

An Agri Business Incubation Centre has started in Chhattisgarh. The centre has been set up by the Union Agriculture Ministry in Indira Gandhi Agriculture University of Raipur. AIR Raipur correspondent reports that  Agri Business Incubation Centre is set up under the National Agriculture Development Scheme- RAFTAAR. The objective of the scheme is to make farming […]

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Building a business ecosystem in Coimbatore

Selvakumar Varadharajan, founder, Layman Agro Image: C P Shanmugham for Forbes India Eight years in Bengaluru until 2013 gave Selvakumar Varadharajan, 38, almost everything: Career, money, exposure to a cosmopolitan society, and the blues. The bling was blinding. Renouncing a big city life would have taken longer had this humbling realisation not dawned upon him. […]

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Ruling against Amazon may prove broader blow to its business model

Los Angeles: A federal court ruling that Amazon.com Inc. can be held liable for a dog collar sold on its website that partly blinded a woman could complicate the online merchant’s business if it is applied broadly. The Third Circuit Court of Appeals, in Philadelphia, overturned a judge’s decision that Amazon was shielded under the Communications Decency Act, […]

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Godrej family: Still a management lesson in family-business units?

The Godrej family has been one of the most-cited business case study of successful close-knit family businesses that has functioned without glitches for over a century. The 122-year-old conglomerate has been unfazed by any controversies surrounding traditional family-run units. Roles had been clearly defined and the third generation had their board positions across companies. Even […]

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