Finance

The BSE Sensex posted its biggest single-day fall in four months after investor sentiment turned sour on the Federal Reserve’s dire assessment of the US economy and rising Covid-19 infections forcing many countries to re-enforce restrictions. The Sensex plunged 1,115 points, or 3 per cent, to end at 36,554, its lowest close since July 10 and the biggest drop since May 18. The Nifty fell 326 points, or 3 per cent, to end the session at 10,805. US Federal Reserve Vice-Chair Richard Clarida said on Wednesday the US economy…

September 23, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. While many entrepreneurs are able to make a living within their current network, there’s no denying that they could be far better off if they were able to land a few more high-ticket clients. These so-called dream clients pay at higher rates and allow you to work smarter, not harder — dramatically increasing revenue without having to scale your team or up how many hours you work each day. Of course, landing these clients is a process, but following some tried-and-true steps will help, and make…

GST-registered businesses will soon get pre-filled Return form, GSTR-3B, GST Network Chief Executive Officer Prakash Kumar said on Monday. “We are moving towards providing taxpayers with a pre-filled GSTR-3B form so that they can pay their taxes at ease. To start with, an option to edit the form would be provided to allow businesses to make past adjustments etc,” Kumar told PTI. GSTN, which handles the IT backbone for Goods and Services Tax (GST) has already started providing tax liability data based on sales return GSTR-1 of the taxpayer to be…

Measures taken by Prime Minister Narendra Modi’s government in opening the sovereign debt market to foreigners have boosted prospects for inclusion in major global indexes, according to JPMorgan Chase & Co. “India is making progress toward opening up its market to foreign investors and establishing a track record for future inclusion in major bond indices, including the GBI-EM Global Diversified Index,” JPMorgan Index Research Team said by email. Reuters on Monday reported JPMorgan had kept Indian bonds out of its flagship indices. Inclusion in global indices could lure billions of dollars…

September 21, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Corporate law firms have ridden out the Covid-19 shutdown relatively well so far. For every area of law that’s seen a fall in demand — such as litigation and financial accounting cases — it seems like others have presented new opportunities. Law firm leaders we work with are reporting a jump in activity in employment and labor cases, steady work on intellectual property, and are expecting opportunities to pick up in the M&A and bankruptcy arenas as the economic fallout of the pandemic settles in.  What…

The Securities and Exchange Board of India (SEBI) may soon come up with guidelines to mandate minimum asset allocation in liquid assets by debt mutual funds in their schemes. Speaking at the Annual General Meeting of the Association of Mutual Funds in India (AMFI), SEBI Chairman Ajay Tyagi said that such a move is aimed at improving liquidity in schemes and it would also help schemes to meet sudden redemption pressures. He was of the view that as far as the performance of the mutual fund industry is concerned, overall, the…

The wealthy investor portion was subscribed 0.16x, and the retail investor portion was subscribed 1.46x TopicsAngel Broking Sundar Sethuraman  |  Thiruvananthapuram  Last Updated at September 23, 2020 01:04 IST The Angel Broking IPO was subscribed 0.77x on Tuesday, the first day of the issue. The wealthy investor portion was subscribed 0.16x, and the retail investor portion was subscribed 1.46x. The firm priced it between Rs 305 and Rs 306 per share. The IPO will close on September 24. On Monday, the firm raised Rs 180 crore from 26 anchor investors. . Dear…

September 21, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. Savvy entrepreneurs are familiar with Gary Vaynerchuk books like #AskGaryVee, Crush It and Crushing It. Those in the social media world know Gary Vaynerchuk as a brilliant marketer and entrepreneur. I had the opportunity to see Vaynerchuk speak before he was a social media phenomenon with eight million Instagram followers, and the lessons he taught that day are ones I still reference today.   It was 2007, and I was one of a group of 300 entrepreneurs who saw Vaynerchuk at his very first public speaking appearance. …