Finance

Mandating insurance not the way forward to boost penetration: Irdai member

Despite the fact that there is massive under-penetration in the county as far insurance is concerned, the regulator is of the view that the solution to this does not lie in mandating insurance because a stage has been reached where insurance should be a product on “demand”. It cannot be forced upon consumers by the industry or other stakeholders. “There has generally been a feedback that either the regulator or the government should mandate certain types of insurance, but ideally the solution does not lie in mandating insurance,” said T L Alamelu, Member (Non-Life) Irdai. …

Investors may lose money if wind-up spurned, says Franklin Templeton

Franklin Templeton Mutual Fund on Monday said it has sought consent of the unitholders for the orderly winding up of the six fixed income schemes. The electronic voting will take place from December 26-28 and the meeting of unitholders of relevant schemes on December 29, Franklin Templeton MF sais. The unitholders would have to take a call on whether to give consent to the winding up decision or withholding it, which would allow the schemes to reopen for purchase and redemption. The move comes after Supreme Court on Thursday asked Franklin…

Boost Sales, Visibility, and Other KPIs With Comprehensive Digital Marketing Training for Just $35

This 22-hour bundle covers social media, email, SMS, and much more. Free Book Preview Ultimate Guide to Facebook Advertising Get a glimpse of how to use Facebook’s marketing resources to your business’s advantage. December 6, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. More business is done online today than ever before. Regardless of your industry or your target demographic, chances are you’re using the internet to…

Commodity Picks: 7 December 2020

The price is expected to trade higher at Rs 1,500 per quintal over the next couple of weeks TopicsCommodity | barley | chana Barley Barley in Jaipur is trading at Rs 1,445 per quintal. The price is expected to trade higher at Rs 1,500 per quintal over the next couple of weeks following lower supplies and malt industry demand. Chana Bargain buying is expected to lift the price up marginally over the coming week. However, gains will be capped by the higher acreage numbers. Chana in the Delhi market is expected to move towards Rs…

Gearing Up For a Big Launch Day? 5 Strategies to Execute It Stress-Free

December 5, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. We’re living in a strange time. A time where one tweet can completely derail weeks or even months of hard work gearing up for a big launch. Having helped hundreds of women navigate big launch days for their business, my team has definitely been thrown a few curveballs. Launching a new program or service is fun and exciting. Your energy level is up, but if you don’t give yourself enough time to prepare, your stress level is sure to overpower that positive energy. If you decide…

JD.com becomes first online platform to accept China’s digital currency

Chinese e-commerce company JD.com Inc said on Saturday it has become the country’s first virtual platform to accept Beijing’s homegrown digital currency. JD Digits, the company’s fintech arm, will accept digital yuan as payment for some products on its online mall, as part of an experimental giveaway of digital yuan to citizens of Suzhou, near Shanghai, according to a post on the company’s official WeChat account. China’s digital yuan is one of the world’s most advanced “central bank digital currency” initiatives, as authorities globally respond to threats from private currencies such…

Daymond John Explains How LL Cool J Secretly Made a FUBU Commercial Out of a GAP Ad and Created Massive Sales Numbers for Both Companies

FUBU Founder Daymond John calls this history’s biggest advertising coup. Free Book Preview Ultimate Guide to Facebook Advertising Get a glimpse of how to use Facebook’s marketing resources to your business’s advantage. December 4, 2020 1 min read Daymond John Explains How LL Cool J Secretly Made a FUBU Commercial Out of a GAP Ad and Created Massive Sales Numbers for Both CompaniesFUBU Founder Daymond John is calling it history’s biggest advertising coup. FUBU was trending on social media today. Why? Well, that story actually begins in 1997 with LL Cool J and his commercial for Gap. Earlier today, Matthew…

RBI forecast, foreign portfolio investments flows push Sensex past 45,000

The Sensex on Friday closed above the 45,000-mark for the first time, while the Nifty50 logged a new high of 13,259. The benchmark indices gained for the fourth straight session and fifth straight week — the longest run of weekly gains since July. Friday’s gain of 1 per cent was after the RBI revised its gross domestic product target for the current fiscal year and kept rates unchanged despite high inflation. The central bank expects the economy to contract 7.5 per cent in FY21, against the earlier estimate of 9.5-per cent…