July 2020 (Page 20)

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Opinions expressed by Entrepreneur contributors are their own.

Speaking to my partner the other day, we were relaying stories of how investors have become more inclined to ask for updates now that there is an uncertainty to the

“One founder was telling me that their investor has asked for weekly updates in an email format with an up to date P&L,” said my business partner. “That’s hard, because what he really wants to do is run his business and not provide updates to investors. That’s not his job.” 

“Even better,” I replied, “I once had an investor send us a 10-page format complete with biographical requirements for all key hires with the option for them to stage a final interview.”

We both exchanged nervous and knowing laughter, wishing that we had read about these issues before taking on venture investment.


HDFC AMC’s star Prashant Jain has seen two of his schemes downgraded by recently. HDFC Top 100 and HDFC Equity have been downgraded from ‘gold’ to ‘silver’ by the (MF) research house.

“Prashant Jain’s long-term investment approach to investing, which entails taking high-risk conviction bets and sticking to them if they underperform over the short term, has often yielded satisfactory results,” said Himanshu Srivastava, senior analyst at

“The execution has been noteworthy. Yet, there have been occasions when the strategy has resulted in significant underperformance for the fund, such as in 2013 and 2015,” he added.

While the fund’s ability to make a comeback after hitting a trough was taken into account, the grading note also observed that the risk in strategy had also risen steadily.

According to data from

5 min read

Opinions expressed by Entrepreneur contributors are their own.

We’re now realizing that encapsulated awareness months alone aren’t enough to dismantle systemic discrimination or marginalization. Don’t get me wrong, pride month is incredibly important to us LGBTQ+ folk. But it often feels like after June ends, the “Love wins” messaging that businesses bombarded me with all month goes away too. Why is that?

You’d actually capture more total market share by appealing to us throughout the year. In the book Blue Ocean Strategy, W. Chan Kim and Renée Mauborgne use the terms “blue ocean” and “red ocean” to describe market competition. Red oceans are bloody, crowded and saturated with other predators; blue oceans, by contrast, are pristine, full of untapped potential and devoid of competition. Most importantly, blue oceans are rife with high-growth opportunities.

Related: Promoting Inclusivity Beyond Pride Month: Why We Should

In a marked departure from the original plan, states took advantage of cheap market rates and borrowed extra. Seven state governments in line to borrow Rs 9,000 crore, ended up borrowing Rs 12,000 crore from the markets.

The spread between the equivalent maturity government bonds and state development loans was 55-65 basis points (bps). This is a considerable spread contraction when compared with nearly 150-bps spread over government securities the states had to pay in the first auction of the financial year.

On Tuesday, Andhra Pradesh, Gujarat, Kerala, Maharashtra, Rajasthan, Tamil Nadu, and West Bengal borrowed money. Except Andhra Pradesh and West Bengal, every other state borrowed extra.

Gujarat raised Rs 1,500 crore instead of Rs 1,000 crore for a 10-year bond at 6.54 per cent.

ALSO READ: Decline in tax revenue collection narrows to 37% in May

The country’s in nominal terms increased by $64.9 billion in FY20 compared to a reduction of $11.7 billion in FY19, according to RBI.

This increase in reserves includes the valuation effects, the Reserve Bank of India said in a release.

in nominal terms (including the valuation effects) increased by $64.9 billion during 2019-20 as against a decline of $11.7 billion in the preceding year, it said.

The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a loss of $8.3 billion during 2018-19.

On a balance of payments basis (excluding valuation effects), surged by $59.5 billion during FY20 as against a decrease of $3.3 billion during FY19.

The country’s current account balance (CAB) declined to $24.7 billion in FY20