IRDAI group tables broad framework for insurance cover to drone industry

A working group set up by regulator IRDAI has recommended a broad policy framework and procedure for providing insurance cover to the drone industry and also suggested various risks associated with the use of Remotely Piloted Aircraft Systems (RPAS). The working group, set up by the Insurance Regulatory and Development Authority of India (IRDAI) in June to recommend suitable insurance products for drones, suggested various procedures to be followed and the documentation required in the event of a claim. Among other things, the group in its report has come out with…

Commodity picks: 5 October, 2020

Wheat is trading at Rs 1,792 per quintal in Delhi; The barley price in the Jaipur market is trading at Rs 1,367 per quintal TopicsWheat prices | barley Wheat Wheat is trading at Rs 1,792 per quintal in Delhi. The price is expected to trade lower towards Rs 1,750 per quintal following record supplies and subdued demand from millers. Aggressive liquidation by the government will also put pressure on the price. Barley The barley price in the Jaipur market is trading at Rs 1,367 per quintal. The prices is…

5 Ways to Differentiate Your Products and Services in an Oversaturated Market

October 3, 2020 4 min readOpinions expressed by Entrepreneur contributors are their own. Type your product or service into a search engine and you may get millions of results. The truth is, the market is oversaturated in some areas, such as finance, wellness and digital retail. In these spaces, standing out is tough. Whether through lower prices, higher quality or simple convenience, you need to find ways to position your product as a better choice than others in the space. Not sure where to start? Here are five strategies to differentiate yourself in a crowded market: 1. Know thy…

Relief for consumer as Indrapastha Gas reduces CNG and PNG prices

In a major relief to its customers, Indraprastha Gas (IGL), the largest CNG distribution company in the country, cut the prices of Compressed Natural Gas (CNG) on Saturday by Rs 1.53 per kg in Delhi and Rs 1.70 per kg in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs 42.70 per kg in Delhi and Rs 48.38 per kg in Noida, Greater Noida and Ghaziabad would be effective October 4. Along with the automobile segment, the benefit of the reduction in gas prices has been extended to households…

Burger King Belgium Launches Movement to Earn Michelin Star for Its New Burger

As of this writing, just 511 people have signed the fast-food business’s petition.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. October 2, 2020 2 min read Burger King Belgium started a Change.org petition on September 23 to get its new entree, the Master Burger (which features bacon and fried onions on a flame-grilled Angus beef patty), a Michelin Star. “All right,” begins the petition, which doubles as an advertisement, “we happily concede that ‘star-rated’ and Burger King aren’t an obvious match at first sight.…

Loan restructuring: Who can avail the scheme? All you should know

Loan restructuring scheme is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower/renegotiate their debts Topicsdebt restructuring scheme | Debt recast | loan Loan restructuring scheme is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower/renegotiate their debts. Sanjay Kumar Singh, Senior Assistant Editor, Business Standard explains in this podcast how loan restructuring scheme can impact your finances. Tune in to know more Dear Reader, Business Standard has always strived hard to…

RailTel Corporation files draft papers with Sebi for Rs 700-cr IPO

State-owned RailTel Corporation of India Ltdhas filed draft papers with capital markets regulator Sebi to raise Rs 700 crore through an initial share-sale. The initial public offer (IPO) is entirely an offer-for-sale through which government will offload 8.66 crore equity shares, draft papers filed with Sebi showed. According to merchant banking sources, the IPO is estimated to fetch Rs 700 crore. The miniratna PSU is one of the largest neutral telecom infrastructure providers in the country, owning an optical fibre network on exclusive Right of Way (RoW) along the…

This Tool Makes Video Marketing Easy for Businesses

Improve your social media marketing on a budget.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. October 1, 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. Consumer demand for video is growing, and digital marketers are taking notice. Eighty-one percent of businesses now use video as a marketing tool and that number…