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Biz News

Paddy procurement rises 26% this kharif season at 17 million tonne

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The Food Corporation of India and state procurement agencies have bought 26 per cent more paddy so far in this year’s kharif marketing season at 170.53lakh tonne for Rs 32,196 crore. Paddy procurement for kharif 2020-21 is continuing at a good pace in Punjab, Haryana, Uttar

Ask These 3 Interview Questions to Make a Great Hire Every Time

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M&M Financial Services’ net profit rises 21% to Rs 304 crore in Q2

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3 Secrets to Building a Winning Sales Culture

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Deadline for filing FY19 GST annual returns extended till December 31

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Huawei presents its high-end Mate 40 devices

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Market

Crude oil price rebound may come in late 2021, says pipeline giant

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The recovery in demand, coupled with the retrenchment in the US shale sector, could lead to higher oil prices as soon as in the second half of 2021, according to one of the top bosses of the largest pipeline companies in the world. “Given the combination

UBS Wealth, State Street pick Indian stocks as US election hedge

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Indian stocks provide a good hedge in portfolios ahead of the US presidential election, thanks to a domestically oriented economy. That’s according to UBS Group AG’s wealth-management arm and State Street Global Markets, which are among firms recommending Indian shares even beyond the November 3 vote,

Aurobindo Pharma to sell US-based Natrol for about Rs 4,048 crore

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Hyderabad-based Aurobindo Pharma has reached a definitive agreement to sell its US subsidiary Natrol LLC to private equity firm New Mountain Capital and its affiliate Jarrow Formulas in an all-cash transaction valued at $550 mn (about Rs 4,048 crore). This would make Aurobindo a zero-debt company and also

Commodity picks: 26 October, 2020

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Cotton seed oil cake is trading at Rs 1,900 per quintal at the benchmark Akola market; The barley price in Jaipur is trading at Rs 1,431 per quintal TopicsCommodity picks | Cotton seed | barley Cotton seed oil cake Cotton seed oil cake is trading at Rs 1,900 per quintal

Sebi levies Rs 1.05 cr fine on Kalpbut Real Estate for illegal fund raising

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Markets regulator Sebi has imposed a penalty totalling Rs 1.05 crore on Kalpbut Real Estate Ltd and its directors for mobilising funds from investors through unregistered collective investment scheme. Sebi found that Kalpbut Real Estate had mobilised a sum of Rs 15.65 crore as on March

India’s valuation relative to EMs still less pricey than before, show data

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Indian stocks may still have room to run, if the historical price-earnings ratio against their emerging market (EM) peers is any guide. While the S&P BSE Sensex Index is near the most expensive on record, its premium over the MSCI EM Index is only around 45

Personal Finance

How HR leaders have redefined their C-suite role

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For all the ambiguity caused by the historic events of 2020, one thing is certain: The center of gravity in leadership teams has swung toward the human resources function. Yes, other members of the C-suite, such as finance, marketing, and legal, also have important functional responsibilities that keep the company

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Irdai allows renewal, migration and portability of Covid-specific products

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With no enf in sight to the rise in number of covid cases, the insurance regulator has modified its earlier guidelines for corona-specific products and allowed renewal, migration as well as portability of such products. Initially, the regulator had said, lifelong renewability, migration and portability are

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Insurance claims related to coronavirus treatment rise in September

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The number of insurance claims related to treatment for COVID-19 rose to 40 per cent of the total health insurance claims in September, according to an analysis. Based on its analysis of industry data, insurance aggregator Policybazaar.com said “most people filing the claim for COVID-19 treatment

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Is that to-die-for real estate deal being offered on inflated prices?

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In addition to price discounts and freebies, developers are also trying to entice prospective buyers this festive season by offering deferred payment plans. In markets like the Delhi-National Capital Region, they are also offering porting schemes to buyers stuck in stalled projects. While these schemes do appear enticing at

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Sponsorships and partnerships are evolving to inspire brand loyalty and advocacy.

Free Book Preview Ultimate Guide to Social Media Marketing

This book takes readers through a 360-degree perspective of social media marketing in businesses.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


In 2003, Maya Angelou said, “People will forget the things you do, and people will forget the things you say. But people will never forget how you made them feel.” It has been almost two decades, but it seems that sponsorships and partnerships have started to listen to Maya Angelou. The nature of sponsorships has evolved.

Sponsorships bring brand awareness

At the origin, we have sponsorships, such as when brands pay a large fee to have the naming rights to a given property. Think of MetLife Stadium. There is not much brand alignment if you think about it. What does MetLife have

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For all the ambiguity caused by the historic events of 2020, one thing is certain: The center of gravity in leadership teams has swung toward the human resources function. Yes, other members of the C-suite, such as finance, marketing, and legal, also have important functional responsibilities that keep the company in full stride. But there’s one person who is being put on the spot to answer the many unexpected questions that companies are facing this year.

These questions are fundamental to the business. Some may be existential. How do companies keep everyone safe as they shift to remote working overnight? How do leaders provide medical, emotional, and mental health support at a distance? How do they gauge performance and develop talent so that people can thrive in this era of uncertainty? What is the company’s stance on social movements such as Black Lives Matter? How is it delivering real change

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The Food Corporation of India and state procurement agencies have bought 26 per cent more paddy so far in this year’s kharif marketing season at 170.53lakh tonne for Rs 32,196 crore.


Paddy procurement for kharif 2020-21 is continuing at a good pace in Punjab, Haryana, Uttar Pradesh, Tamil Nadu, Uttarakhand, Chandigarh, Jammu & Kashmir, Kerala and Gujarat with purchase of over 170.53 lakh tonne of paddy till Tuesday against 134.85 lakh tonne in the same period last year.



Out of the total purchase, Punjab alone has contributed114.97 lakh tonne, which is around 67 per cent of the total procurement.


“About 14.37 lakh farmers have already been benefitted from the ongoing KMS procurement Operations with MSP value of Rs 32,195.69 crore,” an official statement said.


Procurement operations of seed cotton (kapas) under MSP are going onsmoothly in Punjab,

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The recovery in demand, coupled with the retrenchment in the US shale sector, could lead to higher oil prices as soon as in the second half of 2021, according to one of the top bosses of the largest pipeline companies in the world.


“Given the combination of the record retrenchment in drilling and completion activities by US producers, refocused capital allocation and the effects of steep decline curves resulting in a decrease in shale production, we believe this price signal for higher crude oil prices could occur as early as the second half of next year,” Jim Teague, co-chief executive officer of Enterprise Products Partners, said on Wednesday in the company’s third-quarter earnings statement.



“In the interim, we believe the midstream industry will be challenged in its producer-facing businesses,” he added.


A historic crash in oil prices along with

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You don’t have to be great at holding an audience like Jimmy Fallon. You just have to be you.

Free Book Preview Ultimate Guide to Social Media Marketing

This book takes readers through a 360-degree perspective of social media marketing in businesses.


5 min read

Opinions expressed by Entrepreneur contributors are their own.


The following excerpt is from Ultimate Guide to Facebook Advertising, Fourth Edition by Perry Marshall, Bob Regnerus, and Thomas Meloche, with Mark Ingles. Buy it now from Amazon | Barnes & Noble | IndieBound | Bookshop | Entrepreneur Press

Stories make you immune to competition. People are going to knock off your product, but they can’t knock off your story. Nowhere is that truer than in the world of Facebook advertising.

This plays out every day on Facebook. The Facebook News Feed is simply a scroll of stories from people and brands you

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8 min read

Opinions expressed by Entrepreneur contributors are their own.


I mentor entrepreneurs, I collaborate with entrepreneurs, I have been a successful entrepreneur, and I have worked for entrepreneurs, and the one critical aspect of the entrepreneurial ecosystem that does not get as much attention as it should is the hiring process. 

Hiring decisions are largely based on skills, expertise, work experience, and academic background. While these are important factors, it’s essential to find out more by asking the right questions and listening during the interview process. All too often, seasoned entrepreneurs make judgment errors because they fail to ask uncommon interview questions, listen carefully to the replies, and cut through rehearsed interviewee responses. 

No outstanding leader makes it alone. Entrepreneurs know that extraordinary success comes from building a team that is a good fit. Yet, time and again we hear stories where

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