COVID-19 is presenting major challenges to people and organizations around the world. As governments consider the new rules and policies needed to protect their citizens, business leaders are also managing the crisis on behalf of their employees, customers, and stakeholders. They are confronting immediate concerns, taking steps to ensure people’s physical and emotional well-being and their organization’s ability to weather unprecedented levels of uncertainty. In a PwC survey of CFOs conducted during the week of March 9, more than half said the outbreak could have a significant impact on their business operations (54 percent) and decrease their revenue or profit…

Benchmark indices zoomed up to 7 per cent on Wednesday to post their biggest one-day gain in terms of percentage as investor sentiment got a boost by gains in global markets amid reports that the US officials have reached a deal on a $2 trillion package to fight economic fallout from coronavirus (Covid-19) pandemic. Further, hopes of domestic stimulus also helped improve sentiment. The S&P BSE Sensex rallied 1,862 points or 7 per cent to settle at 28,536 levels. Reliance Industries (RIL) emerged as the top performer on the index wth the gain of 14.65 per…

Five immediate, actionable steps for ensuring your business stays afloat despite chaotic times. March 23, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. The following article is written by Ben Angel. Author of the book, Unstoppable: A 90-Day Plan to Biohack Your Mind and Body for Success. Buy it now from Amazon | Barnes & Noble | iBooks | IndieBound. And be sure to order The Unstoppable Journal, the only journal of its kind based on neuroscience, psychology and biohacking to help you reach your goals. The economy is like a roller coaster ride right now,…

Interest rates on small savings schemes may be reduced from the April-June quarter. News reports suggest the government is contemplating this step to facilitate faster transmission of interest rates, thereby assisting an economy that is rapidly approaching stall speed in the wake of lockdowns triggered by the COVID-19 pandemic. Experts are of the view that a cut in small savings rates has become inevitable. “Thirty-eight central banks have already cut rates, 11 of them twice. The Reserve Bank of India will also follow suit. We are likely to be in a low-rate regime for some time,…

Mandis in Maharashtra and Gujarat are grappling to continue business for daily need essentials such as fruits, vegetables and food grains amidst curfew over coronavirus outbreak, while smaller commodities like spices have decided to remain close till March 31. In north India, vegetable mandis are also complaining in line with western India of lower offtake down the line following curfew. Maharashtra government has also reassured that all vegetable shops and kiranas will remain exempted. The issue of workers and traders safety and health are being addressed with sanitisation. Vashi mandis in Navi…

Too many startup leaders deny the difference quality marketing makes and what they can afford. March 22, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Whip-smart brand positioning drives revenues for enterprises from Apple to Zappos. But for growing organizations, cutting-edge marketing can feel like a luxury. The Small Business Association suggests companies budget 7 to 8 percent of revenues for promotion, yet the average small business allocates just 1 percent.  That’s a shame, given that marketing brings in more money than it costs. A Nielsen study revealed an average return on investment of $1.09 for…

A PwC survey of CFOs conducted during the week of March 9, 2020, in the U.S. and Mexico reveals 80 percent are concerned the coronavirus global health emergency will lead to a global economic recession. More than half believe the outbreak could have a significant impact on their business operations (54 percent) and will decrease their revenue or profit (58 percent). This outlook is amplifying the pessimism identified by CEOs in PwC’s 23rd Annual Global CEO Survey. In late 2019, before the first coronavirus cases had been reported, more than half of the CEOs surveyed believed the rate of global…

Investor wealth took a massive beating of Rs 14.22 lakh crore on Monday as markets went into a tailspin, dropping a whopping 3,934.72 points as lockdown in several states sent jitters to investors. Sentiment turned extremely negative after several Indian states announced lockdown following rise in the number of coronavirus cases. As the benchmark indices posted their worst ever one-day crash, the market capitalisation of BSE-listed companies too plunged Rs 14,22,207.01 crore to Rs 1,01,86,936.28 crore. In the first hour of trade on Monday,the benchmark indices cracked over 10…