Day: March 4, 2020

Personalized, helpful outreach can go a long way.

6 min read

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As Instagram passes the ten-year mark, the social media app has become more popular than ever, especially for businesses: A third of all Instagram Stories come from business accounts, and 20% of these posts elicit at least one direct message from a consumer. 

While new video filters and widgets roll out each month to help us create better content and express ourselves, the app’s most lucrative feature is one that entrepreneurs may easily overlook: Direct messaging.

Business owners and consumers alike are becoming increasingly comfortable with conversation within the direct messaging function. This is a big opportunity if you’re just getting started with a new product or service and need a scrappy, zero-cost outreach strategy.

With direct messages, you can privately build your network and even pitch your

Mutual fund (MF) players that were expecting investor outflows over uncertainty on tax deducted at source (TDS) on capital gains were relieved after the Central Board of Direct Taxes (CBDT) on Tuesday clarified that the proposal would only be limited to dividend payouts.

The statement from the read: “A mutual fund shall be required to deduct at 10 per cent only on dividend payment and no tax shall be required to be deducted on income which is in the nature of capital gains”.

The proposed Section 194K of the I-T Act stated: “Any person responsible for paying to a resident any income in respect of units of a mutual fund … shall at the time of credit of such income to account of payee … deduct income tax at the rate of 10 per cent.”

The MF

Growth in India’s dominant service sector accelerated at a pace not seen in over seven years last month, boosted by a recovery in foreign demand and solid business confidence, a private survey showed on Wednesday.

The Nikkei/IHS Markit Services Purchasing Managers’ Index climbed to 57.5 in February from January’s 55.5. It was the highest reading since January 2013 and comfortably above the 50-mark separating growth from contraction for a fourth month.

“Behind the resilience in the trend for business activity stands healthy demand for services from both the domestic and international markets,” Pollyanna De Lima, principal economist at IHS Markit, said in a release.

“Positive gains in new work across the manufacturing and service sectors suggest that private sector output will likely increase markedly again in March, boding well for final quarter GDP following expectations of a flat growth

Shares of aviation companies were under pressure on Wednesday, falling upto 8 per cent on the BSE, on concerns that the industry may face risks from the coronavirus outbreak.

Among individual stocks, SpiceJet slipped 8 per cent to Rs 68.60, its lowest level since October 11, 2018 on the BSE. Thus far in calendar year 2020 (CY20), the stock has tanked 39 per cent, as compared to 6 per cent decline in the S&P BSE Sensex in the same period.

Shares of InterGlobe Aviation, parent of the country’s largest airline IndiGo, dipped 4.6 per cent to Rs 1,173 on the BSE. The stock was trading close to its 52-week low of Rs 1,119, touched on March 5, 2019. It has fallen 12 per cent thus far in CY20.

The sudden and rapidly spreading coronavirus respiratory disease is centered in China but has spread internationally, drawing