Chennai Financial Markets and Accountability (CFMA) has filed an application in the Supreme Court alleging that despite the apex court’s December 9 order, no apparent steps have been taken by the SEBI to appoint an observer for overseeing the e-voting process with regard to winding up Franklin Templeton’s six mutual fund schemes. The top court had on December 9 asked the Securities and Exchange Board of India (SEBI) to appoint an observer for overseeing the e-voting process, scheduled between December 26 to December 29. The concern of CFMA is, though the…

Go from breaking even to breaking the bank.Free Book Preview Ultimate Guide to Facebook Advertising Get a glimpse of how to use Facebook’s marketing resources to your business’s advantage. December 23, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. In-person events do amazing things for our online businesses. They cement our expert status, strengthen our relationships with clients and allow us to share our expertise (and impact the world) beyond the limits of our laptops. Events also need to be profitable. We are, after all, building our businesses. But when we think about the costs…

The country’s steel makers are on course to leading the BSE’s metal index to its biggest quarterly gain in more than a decade, on the back of recovery in consumption and surge in prices across the globe. The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009. Metal companies are in an earnings upcycle after two years of downgrades, and steel demand as well as pricing have improved sharply, according to a Jefferies Group LLC report…

December 23, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. Most companies were forced to throw their 2020 plans out the window.  As the first wave of lockdowns began last March, companies tended to utilize two distinct strategies—hibernate or accelerate. When I say hibernate, I’m referring to companies taking a more defensive, protective approach. Many of these companies used the strategy of hoarding their cash and reducing expenses with plans to ride out this crazy time by retaining enough resources to quickly rebuild. In contrast, companies that chose to accelerate took more risks and essentially “doubled…

Copper prices pushed towards multi-year highs on Wednes­day, as investors spooked by the emergence of a more contagious variant of the coronavirus regained their nerve. Benchmark copper on the London Metal Exchange (LME) traded up 0.5 per cent at $7,784.50 a tonne in official rings, nearing Friday’s peak of $8,028, its highest since 2013. Gold and oil prices, too, inched higher on Wednesday after US President Donald Trump’s threat not to sign the pandemic relief Bill triggered a drop in the dollar. Spot gold was up 0.77 per cent…

Free Book Preview Ultimate Guide to Facebook Advertising Get a glimpse of how to use Facebook’s marketing resources to your business’s advantage. December 22, 2020 2 min readDisclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. In a digital world that’s supersaturated with ads, great design makes an enormous difference. When you have dozens of competitors, it’s crucial that your message resonates with audiences more strongly than theirs does. But to…

The coronavirus pandemic has created significant distortions in our sense of time. But let’s rewind to August 2019, a safer, long-ago era, when arguments about masks were more focused on costume parties than scientific data. That is when the Business Roundtable published its opinion about the purpose of a corporation, proclaiming that companies should no longer act only in the interests of shareholders. Instead, the group of CEOs said, companies should also invest in their employees, protect the environment, and deal fairly with their suppliers. “While each of our individual companies serves its own corporate purpose, we share a fundamental…

Socially conscious bond investors will be targeted in a coming wave of vaccine bond deals that will seek to provide billions of dollars for the speedy rollout of Covid-19 shots for developing countries. Dedicated vaccine bonds have been deployed before, but the immediate Covid-19 funding needs should lead to large amounts of new issuance in 2021. “There is no doubt that investors value the Social label on public sector debt issuance and vaccination is the ultimate social project,” said Philip Brown, Citi’s head of sustainable debt capital markets, who helped to sell a vaccine bond in…