Finance

Leading in the Digital World: How to Foster Creativity, Collaboration, and Inclusivity by Amit S. Mukherjee, MIT Press, 2020 From Herodotus and Machiavelli to Peter Drucker and Warren Bennis, most leadership writers have followed the same basic approach: They study successful leaders and try to derive practices from their lives and careers that aspiring leaders can adopt. Amit Mukherjee, a professor of leadership and strategy at Hult International Business School, rejects this approach in his intriguing new book, Leading in the Digital World. In a variation on the theme of contextual leadership championed by Harvard Business School’s Anthony Mayo and…

The Indian markets ended higher for a fourth straight session on Monday, tracking a sharp rally in global shares after a surge in Chinese stocks triggered a wave of optimism for a recovery from the Covid-19 pandemic. The benchmark Sensex and the Nifty have advanced 4.5 per cent in the past four trading sessions to end at their highest level since early March. The latest rally in global equities was fuelled by gains in the Chinese stocks, with the CSI 300 Index, a gauge for performance of shares listed in Mainland…

July 1, 2020 7 min readOpinions expressed by Entrepreneur contributors are their own. Covid-19 has wiped out dreams, created a psychological nightmare, and torn a country apart, with individuals questioning what is the right, or wrong, thing to do. The result? Nobody has been untouched. But, like any crisis, there are lessons to be learned. In the business world we had to rethink employee communications, crisis strategies, technology capabilities, messaging, external communications, new business strategies and business operations – all practically overnight. We had to have all-hands-on-deck and we had to take an honest look at what was in…

With the Covid-19 crisis yet to abate, the Income Tax (I-T) department has extended several deadlines for taxpayers. With so many extensions and deadline changes, it’s easy to lose track and this could pose challenges while filing I-T returns. Archit Gupta, chief executive officer, Cleartax, says: “Estimation poses practical challenges. People may not be able to proceed with completion of tax-saving until July 31 due to the lockdown extension. Also, taxpayers do not have Form 16, TDS (tax deducted at source) or TCS (tax collected at source) certificates until August 15, 2020, to correctly calculate their…

Promoters of stressed companies will get more flexibility in attracting investors and the process of determining the right price for assets would get easier following a new set of amendments introduced by capital market regulator Sebi in its preferential share issuance norms. Market experts said the new guidelines provide flexibility to the promoters and promoter group entities to attract investors for their companies rather than becoming completely dispossessed as under the IBC framework. The amendments can also help promoters get financial investors on board without losing control of the company. Even…

Business communication has always been important, but it is doubly important in crises. July 1, 2020 4 min readOpinions expressed by Entrepreneur contributors are their own. Communication has always been a crucial element of business operations, regardless of the size or location of the company in question. Being able to communicate effective is crucial to defining a brand and putting the best foot forward with customers. When done effectively, business communication can boost a company’s products and services to immense profitability, or sink the company, if done poorly. Business communication in normal times is very different from business communication…

The Association of Mutual Funds in India (Amfi) has sought data on systematic investment plans (SIPs) from individual fund houses, to rule out any concerns over the accuracy of the monthly SIP data. Experts say the move could give a more real picture on how the SIP flows are doing in the current environment. “Gross collection of data through registrar & transfer agents (RTAs) may have not been indicative of the true impact on flows amid the prevailing conditions. However, this methodology could bring in more clarity on how clients and…

In a bid to promote paper gold in India, bullion experts have proposed a separate gold saving account along with the rupee saving bank account for consumers. Deliberating on the issue in a webinar organised by Assocham, Somasundaram PR, managing director, World Gold Council (WGC) India, said, “Consumers should be given an option with separate gold saving account along with the rupee balance account in banks to enable them to transact directly in the bullion.” Currently, transaction in paper gold is available in the form of exchange-traded fund. Various…