Finance

The technology sell-off was speculative excess coming off a hot market, rather than the beginning of a broader pullback. That’s the consensus view of investors and strategists after Thursday’s 5.2 per cent plunge in the Nasdaq 100 Index, the worst since March. With the pandemic continuing to rage and a vaccine likely months away, bulls say there are plenty of good reasons why technology shares can be supported at current levels, despite lofty valuations. Jobs and a holiday “Yes, today was a bad day. Ripe for profit-taking, but even…

Hint: Targeting emotions is key.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. September 3, 2020 4 min readOpinions expressed by Entrepreneur contributors are their own. Whether you own a nonprofit or a social impact company, your cause deserves mass exposure. At times, it can feel challenging to utilize social media to unlock this. With so many competing causes and companies, much of it can feel like white noise. Fortunately, thanks to today’s social media accessibility, it’s easier than ever to get shares and…

Brokerages are not the only ones to latch on to the global diversification theme. Axis Mutual Fund on Thursday announced its first dedicated global feeder fund Axis Global Alpha Equity Fund of Fund, an open ended scheme that will invest in Schroder International Selection Fund Global Equity Alpha (SISFGEA). This is the third scheme from the Axis MF stable after Axis Growth Opportunities Fund and Axis ESG Equity Fund that provides exposure to global equities. SISFGEA, managed by the Schroders Global Equities team based in London, uses a bottom-up approach to pick quality growth companies that…

Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. The public offer comprises a fresh issue worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters — Y Sandipkumar Gupta and Rajdipkumar Gupta, as per the draft red herring prospectus (DRHP) filed by the company. Additionally, a pre-IPO placement aggregating up to Rs 100 crore may be considered in consultation with the book running lead managers…

September 2, 2020 9 min readOpinions expressed by Entrepreneur contributors are their own. As we barrel into the year’s busiest shopping time, brands are gunning for a coveted spot on holiday wish lists. Pitching the right way to the right publications is critical if you want to secure your place on this year’s list. We all want to feel confident in the products we’re buying, especially when it’s a gift meant to reflect our intentions. We wouldn’t want to send our top client a clunky gadget that gets tossed in the trash. If you’re anything like me, I want…

As researchers and drug companies race to develop a vaccine for COVID-19, the global economy continues to struggle to gain a footing. Every scrap of good news — say, a surprising pocket of strength in a particular sector — is matched by a sign of ongoing weakness elsewhere, raising questions about the long-term viability of certain companies and industries. With so little clarity about the future, how can leaders set business goals for the next six months to a year? During the dozen years between the 2008 financial crisis and the current pandemic, the world seemed far more stable, and…

The Securities and Exchange Board of India (Sebi) has ordered attachment of bank and demat accounts of two dozen defaulters in the matters of three companies — Mass Infra Realty, Skymarg Agro Industries India, and Life Care Real Developers — to recover dues totalling nearly Rs 40 crore. The defaulters are 11 directors of Mass Infra Realty, five directors of Skymarg Agro, Life Care and its seven directors, the regulator said in three separate notices. The decision has been taken after Mass Infra Realty and Skymarg Agro failed to comply with…

When it comes to branding, stay positive but don’t overdo it. September 1, 2020 4 min readOpinions expressed by Entrepreneur contributors are their own. As anxieties continue to mount from an unclear future, brands must swiftly adjust messaging to reflect our current times. Many companies’ initial reactions may be to push out uplifting messages to counteract unpleasant realities. However, brands need to beware of contributing to Toxic Positivity. Although consumers are seeking comfort, overly positive messaging can be counterproductive as they undermine the pain the world is experiencing. Positive branding vs. Toxic positivity Through affirmative thoughts and feelings, positive…