The Finance Ministry will infuse Rs 3,000 crore capital into state-owned general insurance companies during the current quarter in a bid to improve their financial health. Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance. The cabinet had also decided to increase the authorised share capital of National Insurance Company Limited (NICL) to Rs 7,500 crore and that of United India Insurance Company Limited (UIICL) and Oriental Insurance Company Limited (OICL) to Rs 5,000…

Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. The world’s largest cryptocurrency reached about $49,344 earlier in the day, and was around $49,202 as of 10:20 a.m. in London. It’s now up about 70 per cent so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150 per ent year-to-date. Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmiller. Bloomberg reported earlier that Morgan Stanley may bet on Bitcoin…

February 13, 2021 8 min readOpinions expressed by Entrepreneur contributors are their own. Easily one of the most popular consumer brands in the United States, Taco Bell is a name practically every American knows for its distinctive gastronomic offerings. “Taco Bell is unique in the sense that there’s not really a major competitor to it in that space,” Georgia State University Franchise Entrepreneurship Professor Benjamin Lawrence said in our feature article about the company topping the 2020 Franchise 500 ranking. This year, despite the challenges brought about by the pandemic, Taco Bell retains its top spot on Entrepreneur’s 2021…

By Fergal Smith and David Randall TORONTO (Reuters) – Canada’s main securities regulator has cleared the launch of the world’s first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement. The OSC confirmed the approval in a separate statement to Reuters. “The ETF will be the first in the world…

February 12, 2021 7 min readThis article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.Opinions expressed by Entrepreneur contributors are their own. February is par excellence the month of love. It is a fact that this holiday is a phenomenon that crosses borders (and hearts) and a great opportunity for brands to “make love” to their customers, and why not, find new loves. However, it is very important to note that, as we move towards a period of economic reactivation in Mexico, and in the world in general, the digital…

Why should investors invest in ELSS? Is there any down side to investing in ELSS? How should one select the right fund? In this podcast, we discussed how to go go about investing in ELSS funds TopicsELSS | ELSS fund | Tax benefits With about one-and-a-half months left for the financial year to end, investors who have not made their tax-saving investments need to do so at the earliest. One product they should consider is equity-linked savings scheme (ELSS), also known as taxsaver funds. Since ELSS is often the first equity fund category that young investors invest in,…

The Sensex rose for a second week after last week’s budget-fuelled stellar rally, even as it ended little changed on Friday. The Sensex advanced 0.02 per cent to 51,544, while the Nifty fell 0.07 per cent lower to finish at 15,163. The Sensex rose 1.6 per cent for the week. Last week, the index had jumped 9.6 per cent — its biggest weekly climb in 10 months. Both the Sensex and the Nifty have added about 11 per cent in the past two weeks. Along with the government’s annual spending plan, a slew of better-than-expected earnings…

February 11, 2021 5 min readOpinions expressed by Entrepreneur contributors are their own. It’s no secret that the global health crisis has drastically impacted the publishing industry. With in-person events canceled and bookstores struggling to make sales, many authors are scrambling to find new ways to promote their books online. Historically, book sales have risen despite economic downturns. More than ever, people are looking for information, entertainment and an affordable diversion while indoors. While paperback revenues have been on the decline, e-book sales are rising. There is still an opportunity to generate profits, and an even larger audience awaiting…