BUSINESS TO BUSINESS
Business first, stock second: 5 largecap stocks where management & business are better placed with an upside potential of upto 23%
What does a hospital, chemical or rather specialty gas supplier, FMCG, and real estate company have in common? Surely not the product. What binds them is the ability of management which has been tested in tough times. Another common factor, business is such that returns on investment are higher and are also consistent. The reason why these things become important at this point of time is the fact that in bull markets, there is no dearth of explanation and narrative, when putting money one has to look at one reason which becomes the focal point to avoid panic when there is correction. So, if the management and business are good then corrections will come and go and in the long term higher return would compensate for the patience which one shows in the times of correction.
The Family Business Season 5 Episode 4: When and where to watch | Episode schedule
The Family Business Season 5 has been loved by the audiences and they are excited to watch the upcoming episodes. Here are all the details related to its release.
UPI usage surges in India on the back of small businesses
India's adoption of digital technology, particularly UPI, has seen a significant increase in business activities, particularly in the informal sector. A recent survey by the Statistics Office revealed that internet usage for business purposes increased from 7.7% in rural areas to 30.2% in urban areas during 2022-23. This represents a 7.2 percentage point increase, highlighting the rapid adoption of digital payment methods in the informal sector.
BoB loan book grows 8% in Q1; IndusInd's net advances up 16%
The bank's CASA ratio fell to 36.7% at the end of June 2024 from 39.9% a year ago, disclosures made by the bank showed. Retail deposits and deposits from small business customers amounted to ₹1.74 lakh crore as of June 2024, up from ₹1.69 lakh crore in March 2024, the bank said.
WEP and Transunion Cibil to collaborate to enhance financial literacy and business skills of women entrepreneurs
NITI Aayog's Women Entrepreneurship Platform (WEP) and TransUnion CIBIL have launched SEHER, a comprehensive credit education program for women entrepreneurs. SEHER aims to enhance financial literacy and business skills, enabling women to access crucial financial tools for business growth. This initiative supports WEP’s goal of improving financing access for women in India’s 63 million MSMEs.
Pakistan to host England, WI, Bangladesh in a busy season
The Pakistan Cricket Board (PCB) announced a comprehensive international cricket schedule for the 2024/25 season, deviating from its usual practice of last-minute series announcements. The men's team will play a packed season featuring nine Tests, 14 ODIs, and nine T20Is. Key highlights include a high-profile series against England, with Pakistan hosting them for a three-match Test series in October.
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Sebi issues new guidelines to streamline operations of credit rating agencies
Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic surveillance of ratings.
Ujjivan Small Finance Bank raises secured business share
Ujjivan Small Finance Bank expanded its secured loan portfolio to 31.5%, a 440 basis point increase over the past year, aiming for 40% in three years. The total loan portfolio grew 19% to ₹30,091 crore. Despite this growth, its gross NPA ratio slightly increased to 2.3%. Deposits rose 22% to ₹32,500 crore.
Industry bodies draw up plans to help businesses adapt to climate hazards
Industry bodies are responding to the harsh summer of 2024, which saw a record number of heatwave days, by developing plans to enhance corporate sector preparedness for future adverse weather events. CII is creating an 'Integrated Framework for Adaptation and Resilience for Business', while Ficci and Assocham are devising strategies to help businesses build climate resilience. These efforts aim to address risks posed by floods, droughts, heatwaves, and cyclones, and promote heat stress management practices among member organizations to mitigate productivity losses and ensure business continuity.
India must reflect & implement essential reforms to strengthen the arbitration process
The recent finance ministry notification in India has raised concerns by discouraging automatic arbitration clauses in procurement contracts. The move aims to address the unsatisfactory experience of the Government of India (GoI) in arbitration and promote mediation or court resolution for disputes. This decision has sparked a debate on the effectiveness of alternative dispute resolution methods and their impact on business dealings, particularly with global companies.
Raymond approves demerger of real estate business, to list on exchanges separately
Raymond Ltd has approved the demerger of its real estate business into Raymond Realty Ltd following the recent composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure.
Germany stops planned sale of Volkswagen's gas turbine business to China
Germany's cabinet blocked the sale of MAN Energy Solutions' gas turbine business to a Chinese company for security reasons amid EU-China trade tensions. Concerns over national security implications led to the decision, with fears that China could use the turbines for military purposes. Both Germany and the EU aim to reduce risks from economic ties with Beijing. China opposes the politicization of business cooperation and hopes for a fair business environment.
Giant oil tankers find new business after Houthi ship attacks
Recent attacks by Yemen's Houthis have prompted oil-hauling supertankers to shift to carrying diesel, impacting global shipping routes.
Amazon to wind down its Astro for Business security robot
Amazon discontinues Astro for Business, offers $300 credit for replacements. Customers refunded for pre-paid fees as robot stops on Sept. 25. Reported by Harshita Mary Varghese and Juby Babu in Mexico City.
Modi's message from Parliament on business and economy
Though PM Modi stressed his government's social agenda, he also confidently underlined the policy continuity. Speaking in the Rajya Sabha today, he said not only the markets are upbeat but the global community too is glad at the return of his government and is willing to raise its bet on India.
Paytm Bank, auditor lock horns over business viability
Paytm Payments Bank faces audit qualification disputes over viability, seeking RBI intervention. Compliance issues led to operational restrictions, prompting directions to transfer businesses. KYC guideline non-compliance has halted income generation and eroded net worth.
Axis Bank and Piramal Finance join hands under co-lending business
The partnership is expected to leverage the loan processing technology of Piramal Finance and financial expertise of Axis Bank.
Third eye: Smoking out the plot, difficult to fathom, and bamboo business
He began by saying that in his childhood he wanted to be like Dhirubhai Ambani but was "very mischievous" and used to "steal money to smoke beedis till he collapsed" and all that was when he was in the "fourth standard". Shivtare's speech has raised a lot of eyebrows and it joins a long list of gaffes by Shiv Sena leaders.
ITC packs a punch, beats Britannia in foods business
ITC's foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports.
German businesses in India say bureaucratic hurdles worsening
German companies have cited bureaucratic hurdles in India as a major drawback to operating in the country this year, according to a survey from the Indo-German Chamber of Commerce. The survey found that 64% of German businesses listed protectionist measures and procurement rules as the biggest drawback to operating in India, up from 53% last year.
The Family Business Season 5: Premiere date, release schedule, trailer, plot and production team
BET+ announces 'The Family Business' Season 5 premiere on July 4. The series, featuring Ernie Hudson, follows the Duncan family facing internal conflict. Two episodes will release initially, with new episodes every Thursday. The season concludes on August 29. The first trailer is available now.
Amazon tops up India payments business with Rs 600 crore
Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.
Indian job market likely to get busy and bustling
The Indian job market is expected to witness a notable increase in workforce expansion. The projected growth for H1 FY25 (April-September) indicates a significant rise to 6.33%, compared to around 4.2% in H2 FY24 (October-March). This expansion in the workforce serves as a crucial indicator reflecting economic growth, business confidence, and organizational strategic planning.
Varun Kohli joins as COO of Times Network's News Broadcasting Business
As the COO of Times Network, I spearhead innovative strategies in collaboration with industry leaders, driving growth and success in news broadcasting. Leveraging my extensive experience, I aim to position Times Network as a frontrunner in Revenue Management and Operations, setting new benchmarks in the industry.
Eurozone business activity slows on French vote risk
Euro-area private-sector business activity lost momentum as France's snap election outcome weighs on firms. S&P Global's PMI fell to 50.8 in June, disappointing analysts. Europe's economy, recovering from last year's recession, faces challenges.
Cleartrip appoints Anuj Rathi as chief business and growth officer
Anuj Rathi has been appointed as the chief business and growth officer of Cleartrip, Flipkart's travel booking unit, replacing Ayyappan R. He announced this in a LinkedIn post on Thursday.
Sanctions scare for Indian firm for business ties with Russia
ET has learnt that no final decision has been taken yet by Japan to sanction the Indian firm and that the step is currently under consideration. The people did not name the Indian company.
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