Business News

Shares of IndiaMART InterMESH hit a fresh 52-week low of Rs 5,258, down 10 per cent on the BSE in Tuesday’s intra-day trade after the company reported a disappointing set of numbers for the December quarter (Q3FY22). Consolidated net profit declined 12 per cent year-on-year (YoY) at Rs 70 crore from Rs 80 crore in a year ago quarter (Q3FY21). The stock price of India’s largest online B2B marketplace for business products and services traded at its lowest level since December 2020. It quoted lower for the seventh straight trading day, and has plunged 22 per cent…

Opinions expressed by Entrepreneur contributors are their own. There’s a reason why Spanx founder Sara Blakely can teach us so much about cold calling, and it has nothing to do with how great she is at creating inventions. Before becoming an entrepreneur herself, she sold fax machines in Florida for seven years, where her insight into this specific skill set became invaluable when starting up. Bloomberg | Getty Images It was her knowledge of cold calling that turned out to be pivotal in landing her first sale of Spanx, as she cold-called the buyer for Neiman Marcus and landed her…

Axis Bank Q3FY22 Preview: Axis Bank is slated to report its December quarter result (Q3FY22) later today. Ahead of the earnings, the shares of the private lender fell a per cent at Rs 703 apiece in the intra-day trade on the BSE. Here’re expectations from the bank’s result: Morgan Stanley Asset quality has been in-line or better-than-expected in recent quarters, which we expect to continue. With this backdrop, we expect lower slippages of Rs 3,250 crore (2.2 per cent of trailing loans, annualized) compared with…

Opinions expressed by Entrepreneur contributors are their own. Take it from me: rebrands are exciting — full of a fascinating mixture of promise and chaos — but they can also become total messes if not executed with precision and proactivity. The trouble is that this task happens so rarely in a company’s journey that few people take the time after the process is complete to reflect on the good, bad and ugly. That’s exactly what I’m doing now in my post-rebrand glow. Turns out, I missed some key opportunities along the way and want to help you avoid making the…

“Asking questions keeps people engaged, which is paramount when you are trying to influence someone’s thinking or behavior.” That’s the conclusion of a ten-year-old Harvard Business Review article by Chris Musselwhite and Tammie Plouffe. But the idea that leaders can have more impact by asking the right questions is much older. As early as 375 B.C., Plato emphasized the importance of teaching children how to ask and answer questions. That laid the foundation of a 2,400-year-old belief that not only are some questions more insightful than others, but some people are also more entitled to ask questions than others. Across…

Lifestyle retail brand FabIndia plans to raise up to Rs 4,000 crore through an initial public offer and in a novel approach, the company’s promoters also plan to gift more than 700,000 shares to artisans and farmers. On Saturday, the company filed the Draft Red Herring Prospectus (DRHP) with market watchdog Sebi for the offer that will include fresh issue of shares worth up to Rs 500 crore. Besides, there will be an Offer For Sale (OFS) of up to 2,50,50,543 shares. Market sources said the…

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Kotak Pre-IPO Opportunities Fund, an alternative investment fund (AIF) that invests in late-stage new-age businesses with a strong moat of technology, has raised Rs 2,000 crore and closed its maiden offering. The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution. Some of the investments made so far by the fund include API Holdings, the parent company of PharmEasy, Pine Labs, Mobile Premier League, PB Fintech (Policy Bazaar) and FSN Ecommerce (Nykaa). “Kotak Pre-IPO Opportunities Fund…