Chinese e-commerce company JD.com Inc said on Saturday it has become the country’s first virtual platform to accept Beijing’s homegrown digital currency. JD Digits, the company’s fintech arm, will accept digital yuan as payment for some products on its online mall, as part of an experimental giveaway of digital yuan to citizens of Suzhou, near Shanghai, according to a post on the company’s official WeChat account. China’s digital yuan is one of the world’s most advanced “central bank digital currency” initiatives, as authorities globally respond to threats from private currencies such…

FUBU Founder Daymond John calls this history’s biggest advertising coup.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 4, 2020 1 min read Daymond John Explains How LL Cool J Secretly Made a FUBU Commercial Out of a GAP Ad and Created Massive Sales Numbers for Both CompaniesFUBU Founder Daymond John is calling it history’s biggest advertising coup. FUBU was trending on social media today. Why? Well, that story actually begins in 1997 with LL Cool J and his commercial for Gap. Earlier today, Matthew…

The Sensex on Friday closed above the 45,000-mark for the first time, while the Nifty50 logged a new high of 13,259. The benchmark indices gained for the fourth straight session and fifth straight week — the longest run of weekly gains since July. Friday’s gain of 1 per cent was after the RBI revised its gross domestic product target for the current fiscal year and kept rates unchanged despite high inflation. The central bank expects the economy to contract 7.5 per cent in FY21, against the earlier estimate of 9.5-per cent…

There is no doubt that 2020 has been a tough year, but many small retailers are finding ways to acknowledge the situation with masked Santa holiday ornaments and memorabilia. December 3, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. It’s no secret that 2020 has been a strange year. If you’re like many companies, you had to constantly pivot and evolve to keep up with changing rules and regulations as well as consumer behaviors. The uncertainty has not been easy for anyone, but there are many small businesses that have found ways to adapt and delight…

Burger King (BK) India’s initial public offering (IPO) was subscribed 9.4x on Thursday, the penultimate day of the issue. The retail investor portion was subscribed 37.8x, with the wealthy investor and institutional investor portions getting subscription of 3.6x and 2.7x, respectively. Only 10 per cent of the issue has been reserved for retail investors. .On Monday, the firm issued shares worth Rs 365 crore to 55 anchor investors, at Rs 60 per share. The Rs 810-crore IPO includes fresh issuance of Rs 450 crore and a secondary share sale of Rs 360 crore. The proceeds will be…

December 2, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. In this digital age, it’s no surprise that the marketing efforts of many businesses are focused online. But whatever happened to offline marketing? Does it even still exist? Indeed it does. Proven offline marketing tactics still exist — and should be part of your marketing toolbox. Go outside the realm of digital marketing tactics with these five tips for promoting your business offline.  Related: 5 Ways to Help Your Small Business Survive During the Pandemic 1. Dole out business cards  Business cards can help you lure…

Gold appears to have lost its sheen in recent months. The price of India standard gold on December 1 stood at Rs 48,397 per 10 gram, down Rs 7,504 from its peak of Rs 55,901 per 10 gram on August 7. It is down 5.8 per cent over the past three months. Vaccine-related news causing correction The yellow metal has got hammered primarily due to news flow indicating a Covid vaccine may become available earlier than expected. Naveen Mathur, director of commodities and currencies, Anand Rathi Share & Stock…

Leading stock exchange NSE on Wednesday said it launched its first agricultural commodity futures contract on crude degummed soybean oil on December 1. The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price. The contract is a monthly expiry futures contract with a trading lot size of 10 metric tonne (MT) and price basis as Kandla, the National Stock Exchange (NSE) said in a statement. The first trade was executed by East India Securities Ltd and…