Here is a wrap of the major business news of the day. RBI Deputy Governor Viral Acharya resigns six months ahead of term end Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya has quit six months before the scheduled end of his term. He is set to return to the New York University Stern […]
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In both business and our daily lives, concerns about data security, information credibility and the fishbowl of social media are climbing fast. According to this year’s Edelman Trust Barometer, 73% of respondents globally worry about false information being used as a weapon, and only 1 in 5 people believe “the system is working for them.” Businesses […]
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WASHINGTON: Ahead of his visit to India, US Secretary of State Mike Pompeo has revealed that he had a “tough” time as a businessman in Chennai and Bengaluru while trying to sell machine parts for the aerospace industry in the country. Pompeo said this during his address to a Washington audience that included Google’s Indian-American CEO Sundar Pichai […]
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SMB’s play such a significant role across economies, and to quote the World Bank “formal SMEs contribute up to 60% of total employment and up to 40% of national income (GDP) in emerging economies.” The below factors are critical to the success of SMB’S: Access to Market E-commerce and digital payments have opened up access to market […]
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Fondly called Yogi or YCD by friends and admirers, Y C Deveshwar has always been dignified and led from the front. The story of Deveshwar is the story of ITC Ltd, a century-old company, that he transformed from being a cigarette maker to FMCG giant, hotel, hospitality, agri-business, paper, printing and packaging company. Born as […]
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We had a very satisfying fourth quarter (Q4) and we had an all-round growth in our key matrix starting off with our top line growth of 17%. We had a very robust renewal premium, we had a product mix which showed an increasing share of both protection as well as longevity protection in the form […]
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NEW DELHI: Japan’s Softbank is reportedly looking to make a $ 2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25 per cent stake in Reliance Industries’ refining and […]
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Telecom operator Bharti Airtel Monday entered into a partnership with network gear maker Cisco to jointly offer networking and connectivity solutions to enterprise and small and medium business customers in India. “Digital India has opened up a huge residual opportunity to help businesses in their digital transformation journey and achieve the next level of growth. […]
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Mumbai: ReNew Power Ltd, India’s largest clean energy company, and state-run power utility NTPC Ltd have shown interest in the ongoing sale process of PTC India Ltd’s wind power business, said two people aware of the development, requesting anonymity. “ReNew Power and NTPC have been involved in talks with the company for the last few weeks and […]
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Over-the-top aka OTT players have seen a glut in the last few years with 2018 being the inflection point where subscribers reached a meaningful mass thanks to higher speed connectivity and falling data prices in India. In fact, a recent study showed that India is the cheapest country for mobile data in the world and […]
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