Finance

Gold price in the national capital rose by Rs 144 to Rs 48,334 per 10 gram in-line with the gain in international prices of the precious metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 48,190 per 10 gram. Silver also gained Rs 150 to Rs 49,160 per kg from Rs 49,010 per kg in the previous trade. “Spot gold prices for 24 carat gold in Delhi were trading up by Rs 144 with strong international gold prices and rupee depreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said. The rupee…

Your main business focus cannot be on a niche that is doomed to fail. June 18, 2020 3 min readOpinions expressed by Entrepreneur contributors are their own. Here’s a little secret you may not know: If your business isn’t growing as fast as you’d like it to, it may not be the marketing that is the problem. It could be your market. Case in point — we run a monthly intensive called the Rocket Launch for our coaching clients on launching a profitable Facebook lead-generation funnel. The thing is though, before we can launch Facebook Ads, we have to…

The Insurance Regulatory and Development Authority of India (Irdai) has ruled that health insurers cannot contest claims by clients who have persisted with their policies for eight years in a row, citing non-disclosure. In such cases, insurers cannot reject claims on grounds of misrepresentations that could have been made in disclosures during commencement of the policy. This is among 17 clauses that Irdai has asked insurers to standardise in new health products from October 1, 2020, and in existing policies from April 1, 2021. The period of eight years — for which the client…

Financials of Indian companies saw sharp decline in the March quarter both on a sequential and year on year basis due to the Covid-19 pandemic. An ICRA results analysis of 184 companies, excluding financial sector entities, indicates a 22 per cent fall y-o-y in net profit in the March quarter. The March quarter performance also dented the FY20 bottomline, which fell by 12 per cent over the year ago quarter. While aggregate revenues were down 2.9 per cent y-o-y, the impact on margins was higher. While margins contracted by 30 basis points on y-o-y basis, they fell…

June 16, 2020 7 min readOpinions expressed by Entrepreneur contributors are their own. Many marketing professionals aspire to become excellent marketing managers who can direct entire teams toward commercial and creative success. Despite the allure of becoming a marketing manager, however, it’s an immensely difficult position to master. Many marketing specialists do quite well when producing content or conducting research but lack the skills and experience needed to be good marketing managers. Business owners and marketing gurus are thus left grappling with the question of what makes a good marketing manager so great, and how to avoid making mistakes…

As the pandemic has broadsided the global economy, one of its striking features — for executives, at least — is how each month of the crisis has had a distinct feel to it, based on how companies and their leaders were coping. March was the month of reeling and reacting. What just happened? We’re shutting down the offices, and everybody who can work from home needs to do so. Can we do this? April was more about taking stock of the economic damage. We’re clearly in this for the long haul. We need to run our models, plan for grim…

Franklin Templeton (FT) Trustee Services has called for an extra-ordinary general meeting (EGM) on Thursday, where a resolution will be considered to grant indemnity to the directors of the trustee company, in relation to any liability, which might arise due to decision to wind-up six debt schemes of FT Mutual Fund (MF). The notice for the extra-ordinary general meeting read, “In accordance with the articles of association of Franklin Templeton Trustee Services (the Company), the Company shall indemnify all directors to the fullest extent permitted by such articles and applicable law, in connection with liability that…

June 16, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. Advertising-tech company Criteo hopes to shift away from being known as a niche leader in ad retargeting and redefine itself as “the ad-tech company for the open internet.” Leading that charge is Megan Clarken, who was hired as the company’s chief executive in October 2019. Clarken’s task isn’t an easy one — ad tech is struggling to keep up with the changing current of consumer attitudes toward data tracking and targeting, as well as the policy and throttling measures being taken in response by governments and…