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Biz News

Govt has $76-million outstanding loans from Reserve Bank of India

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The Central government had Rs 573 crore ($76.16 million) outstanding loans with the central bank under ways and means advances in the week ended July 3, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The central government had no outstanding loans

What YouTube’s Famebit Failure Can Teach Us About Influencer Marketing

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Centre may disburse Rs 10,000 cr worth of loans in FY21 under agri fund

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Spanx Founder Sara Blakely’s Guide to Surviving Anything

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Haryana Cabinet clears Ordinance to give 75% private jobs to locals

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Want to Make Something Great? Just Add Other People, Says Joseph Gordon-Levitt.

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Market

Sensex, Nifty end lower on Covid-19 fears, financial stocks suffer

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Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic recovery, with financial stocks taking the brunt of the losses. The NSE Nifty 50 Index fell 0.42 per cent to 10,768.05 and the S&P BSE Sensex 0.39

Wall Street slips as surging virus cases dent recovery hopes; Dow falls 1%

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US stock indexes fell in choppy trading on Thursday as fears of another lockdown to contain a surge in coronavirus cases overshadowed data pointing to a declining trend in weekly jobless claims. The Labor Department’s most timely data on the economy showed 1.31 million Americans filed

Karnataka High Court to hear Franklin Templeton MF matter on priority

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The Karnataka High Court (HC) on Wednesday gave a preliminary hearing to the matter pertaining to wind-up of schemes by Franklin Templeton Mutual Fund (FT MF), and said the matter would be heard on priority in order to complete the hearing within three months, said people privy of

Sebi considers allowing futures trading in petrol, diesel: Official

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Markets regulator Sebi is looking at permitting futures trading in petrol and diesel, an official said emphasising that there has been no disruption in commodities derivatives trading during the Covid-19 crisis. The Securities and Exchange Board of India (Sebi) is also looking at re-allowing futures trade

Indices surge on the back of China rally; 124 stocks hit 52-week high

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The Indian markets ended higher for a fourth straight session on Monday, tracking a sharp rally in global shares after a surge in Chinese stocks triggered a wave of optimism for a recovery from the Covid-19 pandemic. The benchmark Sensex and the Nifty have advanced 4.5

New Sebi norms to give more fund-raising flexibility to stressed firms

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Promoters of stressed companies will get more flexibility in attracting investors and the process of determining the right price for assets would get easier following a new set of amendments introduced by capital market regulator Sebi in its preferential share issuance norms. Market experts said the

Personal Finance

Four questions for a rapid leadership reset

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The existential philosopher Søren Kierkegaard said, “Life can only be understood backwards, but it must be lived forwards.” This insight raises a profound paradox — and challenge — for those who lead. Focusing on the constant demands of the present moment and the future can keep you from fully learning

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MF distribution payouts slip to three-year low in FY20 amid market slump

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Mutual fund (MF) distributors have seen shrinking incomes with the gross amount paid by fund houses slipping to a three-year low of Rs 6,134 crore in 2019-2020 (FY20). The payouts were 22 per cent lower than previous year’s tally of Rs 7,938 crore. Market participants attribute

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Creating the right kind of urgency to bring about change

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Illustration by Peter Stark When disruption strikes a business, it is natural for its leaders to try to defend it by focusing on core business activities and improving current products and practices, even while creating a sense of urgency to bring about change. In a survey of 486 global CEOs

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Irdai allows insurers more flexibility on Arogya Sanjeevani sum insured

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You can now buy a cover of more than Rs 5 lakh under Arogya Sanjeevani, the standard health insurance policy, with the regulator removing the cap on maximum sum insured. The Insurance Regulatory and Development Authority of India (Irdai) has also removed the mandate on minimum

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How one very strange date in my 30s still applies to the way I do business today.

Free Book Preview No BS Guide to Direct Response Social Media Marketing

The ultimate guide to – producing measurable, monetizable results with social media marketing.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


Back in my 30s, single, dating and living in Palm Beach, I had some rather crazy experiences. The highlight reel includes a CEO in his 40s telling me his mom would need to come with us on our first date and a more-money-than-senses mogul who chartered a private yacht and five-star chef to ease a breakup convo. But those are stories for another time, because this is about the craziest night of them all.

Here’s what happened: One night, when I was at a local hangout spot I enjoyed more for the people watching

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The existential philosopher Søren Kierkegaard said, “Life can only be understood backwards, but it must be lived forwards.” This insight raises a profound paradox — and challenge — for those who lead. Focusing on the constant demands of the present moment and the future can keep you from fully learning from what you’ve done in the past. An inability to reflect wastes experience, leaving its value only partially harvested.

As I write, there have been more than 11.4 million COVID-19 cases worldwide, causing more than 534,000 deaths. Unlike most crises that arise and fade away quickly, COVID-19 is persisting and is expected to resurge later in the year. And many experts think the second wave could be more severe than the first. It’s important for leaders to take the time now to contemplate what has and hasn’t worked during this first series of outbreaks in order to lessen the

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The Central government had Rs 573 crore ($76.16 million) outstanding loans with the central bank under ways and means advances in the week ended July 3, according to the Reserve Bank of India’s weekly statistical supplement released on Friday.


The central government had no outstanding loans in the prior week.



State governments had Rs 7,004 crore loans from the RBI in the week ended July 3, compared with Rs 3,416 crore in the previous week, the release showed.

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Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic recovery, with financial stocks taking the brunt of the losses.


The NSE Nifty 50 Index fell 0.42 per cent to 10,768.05 and the S&P BSE Sensex 0.39 per cent to 36,594.33 points.



But the indexes closed the week up about 1.5 per cent each, recording their fourth straight weekly gain, following a rally driven by a flush of liquidity and hopes for a Covid-19 vaccine.


Cases in the world’s second-most populous country jumped by 26,506 to 793,802 as of Friday morning, including 21,604 deaths, health ministry data showed.


ALSO READ: Kubota Corp gets CCI nod for acquisition of 9% stake in Escorts


Record jumps in cases in many US states also chipped away at risk appetite, with

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Why YouTube shuttered its self-service influencer marketing platform.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


It would be great if working with influencers was like hiring someone on Fiverr. Give them the money, they do their magic, and voila — campaign success! 

But, as Warren Buffett said, “You can’t produce a baby in one month by getting nine women pregnant.” 

It’s a hard lesson to learn. One that YouTube has learned for themselves. Three years after acquiring Famebit, the self-service influencer marketing platform, they’re shutting it down. That platform allowed brands to submit campaign opportunities for as little as $100. Influencers would opt into campaigns, and brands would select the ones they liked

The dream was automation of the influencer marketing process.  

Why did that dream die?

YouTube alludes to the answer in their closure announcement. They’ve “learned a lot about

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Mutual fund (MF) distributors have seen shrinking incomes with the gross amount paid by fund houses slipping to a three-year low of Rs 6,134 crore in 2019-2020 (FY20). The payouts were 22 per cent lower than previous year’s tally of Rs 7,938 crore.


Market participants attribute this to a combination of factors.


“Fund houses are looking to control costs by rationalising the commission-linked structures. As more fund houses get listed, the commissions could fall further, as MFs would look to further optimise their overall costs,” said Srikanth Matrubai, chief executive officer of Sri Kavi Wealth.


“There has been a nudge towards direct channels and value of assets have also seen an impact amid the market correction,” said Dhirendra Kumar, founder and chief executive officer of MF tracker Value Research.


Assets under direct plans accounted for 47 per cent of the

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