Finance

Mutual fund (MF) managers were seen pruning their holdings in blue-chip banking names during September. State Bank of India (SBI), ICICI Bank, HDFC Bank, and Kotak Mahindra Bank are among the stocks that saw maximum selling. The selling by MFs weighed on the performance of these stocks as the Bank Nifty index dropped 10 per cent in September. However, from the September lows, the banking index has jumped 15 per cent, mainly led by overseas investor buying. Other blue-chip names that have emerged in the most-sold list include Hindustan Unilever, Infosys, Larsen & Toubro, and Reliance Industries. …

October 12, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. In the wake of the murder of George Floyd and the resurgence of the Black Lives Matter Movement, many companies have gone to work ramping up their diversity and inclusion efforts. I’ve talked with a number of brands during this time, and one area many of them have been struggling with is how to authentically build an inclusive brand. Many of these companies had made statements back in June taking a stand against racism and declaring their support for the Black community. Some had even made…

There are still a few months left in the year, and given what has happened in 2020 so far, there’s probably still time for yet another seismic event. Already, we’ve had two: the global pandemic and the killing of George Floyd, which heightened awareness of systemic racial injustice, led to protests across the world, and spurred pledges and commitments to change from hundreds of companies. These events are fundamentally changing the way senior executives act and lead. They have made it safe, even necessary, for leaders to be comfortable saying the words “I don’t know” and “I’m not sure.” But…

Inbound shipments fell 38 per cent in September from a year earlier to 8.4 tons, according to a person familiar with the data Topicsgold imports Bloomberg  Last Updated at October 13, 2020 02:45 IST Gold imports by India slumped in September after a short-lived rebound as high prices prompted buyers to defer purchases. . Inbound shipments fell 38 per cent in September from a year earlier to 8.4 tons, according to a person familiar with the data. Imports were down from 35.5 tons in August. Imports had risen in July and August as jewelers…

Hiring a B2B marketing agency may be the most beneficial next step for your company (if the price and time is right.)Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. October 11, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Any high-level marketing executive will agree emphatically upon mention of the stress in hiring an outside marketing agency. Sometimes choosing the agency can be seamless, especially if it comes with a trusted recommendation. But there are still additional obstacles to get…

Nine of the 10 most valued companies added a whopping Rs 3,01,145.46 crore to their combined market capitalisation last week, helped by a bullish market trend and rally in Tata Consultancy Services (TCS). During the last week, BSE Sensex advanced 1,812.44 points or 4.68 per cent. TCS was the biggest gainer from the elite club with its valuation zooming by Rs 1,09,644.68 crore to Rs 10,56,277.53 crore. The market capitalisation (m-cap) of HDFC Bank jumped Rs 69,952.08 crore to Rs 6,78,991.98 crore. Infosys added Rs 38,270.81 crore to its market…

Younger generations are ready for big changes.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. October 6, 2020 2 min read This story originally appeared on Cheddar Streaming giant Spotify is trying to make it easier for marketers of all ages to grasp what Gen Z and millennials want, Lee Brown, vice president and global head of advertising, told Cheddar. “So, this hard to reach, highly-coveted demographic is showing up on Spotify everyday to listen, and we are encouraging marketers: this is the place for…

Anil Agarwal-led Vedanta Resources on Saturday said it had failed to receive the required number of shares to delist Vedanta Limited. Accordingly, equity shares of Vedanta Limited and those tendered by shareholders in the delisting offer would continue to remain listed on the exchanges, said the company in an exchange filing. Promoters of the diversified metal and mining company required 1.34 billion shares to successfully delist from exchanges. However, their five-day reverse book building (RBB) process, which ended on October 9 evening, saw only 1.26 billion confirmed bids. “The withdrawal from the delisting process…