Month: April 2020 (Page 2)

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Exporters on Wednesday again asked the government to let industry reopen even in the high-risk red zones, stating that losses are rising rapidly.


In a meeting with Commerce and Industry Minister Piyush Goyal, major export promotion councils (EPCs) have pushed for the industrial units and office facilities across urban areas which are mostly in the coronavirus-hit red zone. This includes Mumbai, Pune, Hyderabad, Ahmedabad, Bhopal, Indore, Kanpur, Agra, and Varanasi, among others.



“While factories in rural districts where the coronavirus is less prevalent can now open, it is not possible to keep business running, since the red zones often have the most important units or corporate offices. These are where records, documents, server systems and distribution points are based. It is impossible for an organization to operate with it’s key parts missing,” said.a senior functionary of an EPC.


“We

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After wide volatility during the past two weeks, MCX Clearing Corporation raised margins on the crude oil contract, with greater focus on the demand side. This has raised the price of the commodity, whixh also saw support from the international market, where prices also rose.


At 6PM on MCX, crude oil futures were trading at Rs 1,155 per barrel, up 15 per cent from yesterday’s close. On Nymex, WTI Crude oil, the benchmark for MCX, was trading 24.5 per cent higher at $15.4 after reports that some European nations, Australia and New Zealand were lifting the lockdown, indicating increased demand for oil.



The margin for crude oil has been fixed now at 100 per cent, with Rs 95,000 per lot as the absolute minimum. This means that if crude oil prices fall below Rs 950, the margin of 100 per cent

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6 min read

Opinions expressed by Entrepreneur contributors are their own.


The following excerpt is from Dan S. Kennedy and Kim Walsh Phillips’s No B.S. Guide to Direct Response Social Media Marketing, Second Edition. Buy it now from Amazon | Barnes & Noble | IndieBound

There are just a few plain and simple direct-marketing rules to follow, and by committing to them, you’ll reap the long-term benefits you desire and develop a long-lasting business foundation.

These basics are skipped by most businesses using Facebook, Twitter and LinkedIn as their primary sources of communication. Realize you have choices, and you can make your marketing dollars work harder for you by offering people more than one reason and more than one means of responding to you.

However many channels you market in, there are six basic rules you need to understand in order to succeed. These foundational concepts

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The Covid-19 crisis has hit employees and employment across sectors quite severely. With government employees, and private sector employees taking a salary cut, the Employees’ Provident Fund Organisation (EPFO) has relaxed account withdrawal norms to help employees who are facing fund crunch during these tough times. The new non-refundable advance facility introduced by the EPFO allows subscribers to withdraw up to 75 per cent of their accumulated corpus or “Basic + DA (dearness allowance)” component up to three-month’s salary, whichever is lower.


The usual advice is that one should not withdraw from their EPF account because it hurts the retirement corpus. Pankaj Mathpal, Founder & Managing Director, Optima Money Managers says, “EPF money is your retirement corpus. By withdrawing it, you are trading your long term well-being for your short-term need and this should be your absolute last resort. Withdrawing from EPF means losing out on

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6 min read

Opinions expressed by Entrepreneur contributors are their own.


The current coronavirus crisis and its economic impact is a colossal curveball that nobody could have anticipated, and if you’re a franchise owner, it has likely turned your world upside down.

Challenging as these times are, there are several concrete steps that franchise owners can take to help survive the current environment.

For starters, right now is a great time for franchisees to go through their P&L statement with a fine-tooth comb and look for any non-essential services that they don’t need or can cut. When times are good, you might have someone coming once a month to wash your windows or mow your lawn. Maybe you have someone coming in every two weeks to sharpen your knives.

Related: 300 Franchises to Open With Nearly Any Budget in 2020

Guess what? If there ever was a

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The six wound-up debt schemes of Franklin Templeton Mutual Fund (MF) have concentrated exposures to certain companies belonging to sectors such as non-bank financial companies (NBFCs), asset reconstruction companies (ARC) and renewables, closely tying up fortunes of investors with how these companies are able to weather challenges thrown by lockdown and coronavirus (Covid-19) pandemic.


At an individual scheme-level, three of the wound-up schemes — have 9-10 per cent exposure to Shriram Transport Finance (STFC) — which saw its long-term issuer rating downgraded by Fitch Ratings recently, to factor in the asset-quality risks the company faces as the commercial vehicle portfolio is more exposed to business activity, that will be hampered by lockdown measures taken to contain spread of Covid-19.



To be sure, STFC debt papers held by Franklin are graded by domestic rating agency Crisil, which is yet to revise its

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