Finance

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. …

Regulator Irdai on Monday permitted life and general insurers to conduct KYC of prospective customers through Video Based Identification Process (VBIP), a move that will help company officials to complete mandatory requirement online during the pandemic. The objective of the VIBP, Insurance Regulatory and Development Authority of India (Irdai) said, is to leverage various electronic platforms to simplify know your customer (KYC) process and make it customer-friendly. Insurers may undertake live VBIP by developing an application, which will facilitate the KYC process either online or face-to-face in-person verification through video, the…

Route Mobile made a strong debut on the bourses, with the stock rising 86 per cent above its issue price on its listing. Shares of the Cloud communications service provider opened at Rs 708 apiece — 102 per cent above the issue price of Rs 350. However, the stock fell and ended the session at Rs 651. Following the listing, the firm commands Rs 3,702 crore. . The Rs 600-crore IPO of Route Mobile was subscribed 75x. The offering comprised fresh fundraising worth Rs 240 crore, with the remainder being a secondary share sale by promoters.…

September 19, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. Google is still the King, Queen and court jester of online search. Sure, Facebook and Amazon are trying to carve out their own slice of the search pie, but as of July 2019, Google dominated over 90 percent of all search queries. When someone does a Google search for a product or service, they are demonstrating intent and motivation. The beauty of searches based on intent is that this traffic can be free. Paid keyword advertising works, but it isn’t the only way to get clicks…