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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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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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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Moneycontrol Top 5 Business News of the Day

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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How FinTech firms can address your business funding challenges

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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The towering Yogi of Indian business

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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Softbank investing in Jio as Mukesh Ambani deleverages business

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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