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’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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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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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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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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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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To celebrate International Small Business Day, Google today launched a new website that will suggest its products that seem like the best fit for a specific business. The Google for Small Business portal was announced today at the Grow with Google Learning Center in New York City, where the company offers a variety of workshops and classes. During a break […]
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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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