SBI Cards and Payment Services (SBI Cards), a subsidiary of State Bank of India (SBI), has allotted nearly Rs 2,800 crore worth of shares to anchor investors. These are institutional investors that commit to subscribe to the shares in the initial public offering (IPO) ahead of its opening. Many other investors look at the demand and quality of the anchor book to decide whether to apply in the IPO. A total of 36.7 million shares have been allotted to 75 anchor investors at Rs 755 apiece, the top-end of the IPO price band. Some of the…

Stop going on about your life story and talk about how your business helps others. February 20, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. Nearly every website you visit these days has an “About” page, and for good reason: 64{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} of consumers report they have a strong relationship with a given brand because of shared values. The “About” page of your site is a great place to share your origin story and company outlook. Too often, though, founders and authors use the “About” page to talk too much about themselves — and miss out on…

The business world is masterful in the art of financial analysis — slicing and dicing balance sheets, stock performance charts, and profit-and-loss statements into dozens of arcane metrics (Omega ratio, anyone?) to assess a company’s performance, unlock hidden potential, and spot pockets of strengths and weaknesses. I’d like to propose another metric: a company’s dysfunction tax. There’s no need to reach for your calculator just yet, as the basic idea is pretty simple: For every dollar of revenue that your company brings in, figure out how many cents are being frittered away to cover the cost of dysfunction — the …

Fears of coronavirus (COVID-19) getting a tighter grip over most countries has triggered a panic across financial markets over the past few weeks. Most analysts have trimmed their growth forecast for the global economy, financial markets have been rattled by the developments. Global share prices headed for the worst week since global financial crisis (GFC) in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world. Hopes that the epidemic that started in China would be over in a few months and economic activity would return to normal have…

Master these five skills and you’re well on your way to creating content that grabs attention and turns prospects into buyers. February 26, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. The following excerpt is from Robert W. Bly’s The Content Marketing Handbook. Buy it now from Amazon | Barnes & Noble  I love formulas for writing for two reasons. First, the best formulas are simple, easy to remember and rapidly mastered. Knowing them can help you create content and copy that’s twice as effective in half the time. Second, the reason they became formulas in…

Even as Finance Minister Nirmala Sitharaman did away with most income-tax deductions in the new tax regime announced in her Budget for 2020-21, the insurance industry remains unfazed and confident of retaining customers. They, however, maintain that removing tax incentives given for putting money in insurance is disservice to customers. “If tax-saving was a sweetener, we will figure out a way to work without the sweetener. Indian consumers buy insurance for a variety of reasons, and tax incentives stand much lower on the list. But the move will surely make some impact, as it directly affects…

At 08:42 am, Nifty futures on the Singapore Exchange (SGX) were trading 54 points or 0.46 per cent lower at 11,671 levels, indicating a negative start for the Indian market on Thursday. Here’s a look at the top stocks that may remain in focus today – Apollo Tyres: Apollo Tyres on Wednesday said private equity firm Warburg Pincus will invest Rs 1,080 crore (around $150 million) in the company. India Cements: Radhakishan Damani and his brother Gopikishan S Damani, bought 27,25,468 and 83,71,516 shares, respectively on Wednesday, NSE…

Imagine if Thomas Edison, who grew up poor and without much formal education, hadn’t persevered through the hardships in his life. Almost entirely deaf from an early age, Edison created the carbon transmitter, which made it easier to hear sounds on the telephone. That invention led to a string of others, including his most widely recognized: the phonograph and the lightbulb. What kept Edison going? Biographers describe his inclination to solve problems and tinker, as well as his persistence, but there was something else, too. Persevering in the face of adversity requires resilience. “I have not failed,” Edison famously said.…