When a CEO takes the helm, there are two schools of thought regarding turnover in the top management team. Some argue big changes in the executive suite are necessary, because CEOs can more quickly put their stamp on the firm if they bring in their own people. This “sweep-out effect,” as scholars call it, enables a new CEO to enact operational and cultural changes with a clean slate, unencumbered by executives beholden to the previous regime or the status quo. Taking the opposite view, some analysts suggest that because incoming CEOs have so much on their plate, they’re making a…

Debenture trustees have been directed to communicate immediately to investors any restructuring proposal TopicsSebi | Mutual Funds BS Reporter  Last Updated at October 2, 2020 01:06 IST The Securities and Exchange Board of India (Sebi) on Thursday directed mutual funds (MFs) to report immediately to rating agencies any proposal they receive from lenders or debenture trustees (DTs) for restructuring of debt due to Covid-related stress. DTs have been directed to communicate immediately to investors any restructuring proposal. “If the valuation agency, based on its assessment of the proposal, is of the view that the proposed…

Business is moving online, and marketing is going with it.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. September 30, 2020 4 min readOpinions expressed by Entrepreneur contributors are their own. Achieving success at anything in life has often been associated with the mindset of survival of the fittest. While that notion holds some merit, former LSU business professor Leon C. Megginson wrote in 1963, “It’s not the strongest nor most intelligent of the species that survive. It’s the ones who are most adaptable…

Gold in the international market declined on Wednesday and was on track for the biggest monthly fall in nearly four years, as the dollar benefited from caution that crept into the financial markets after the first US presidential debate. Spot gold dropped 0.67 per cent to $1,885.4 an ounce (until 7.35 pm IST), declining 4.3 per cent in September. This set gold up for its worst monthly performance since November 2016. Silver, too, slipped 1.69 per cent to $23.87 an ounce and was on track for its first monthly contraction since March, falling more than 16{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942}. …

September 29, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Faced with the coronavirus pandemic and a difficult economic climate, almost every industry finds itself undergoing a major paradigm shift, from local retail stores having to dramatically ramp up their online capabilities to major global brands grappling with supply chain challenges and changing consumer behavior. For marketers, this moment of upheaval has meant rethinking well-planned strategies, with a new emphasis on helping ensure their businesses survive the uncertainty ahead. As a marketing and investor relations professional in the automotive tech industry — where supply chains are…

Flipkart and Bajaj Allianz General Insurance Company have come together to offer’Digital Suraksha Group Insurance’ for customers who want to cover themselves against financial losses caused as a result of cyber-attacks, cyber frauds, or other such malicious activities across various online platforms. This insurancecompensates for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result of identity theft arising out of cyber-attacks, phishing/spoofing and SIM-jacking, a joint statement said. “Customers can opt for a one-year cover at premiums as low as Rs 183 for…

Sebi on Tuesday imposed a penalty of Rs 1 crore on Brickwork Rating India for violation of Credit Rating Agencies Regulations. Sebi and RBI had conducted a joint inspection, where they found lapses. . “Though there is no allegation of any malafide on the part of the noticee, the failure by the noticee is blameworthy and serious considering the degree of responsibility bestowed upon it by the statute,” Sebi’s adjudicating officer said in an order. . Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of…

September 28, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Digital communities are quickly becoming the lifeblood of organizations as more companies turn digital and remote. A recent article by the Wall Street Journal found that adults in the U.S. are now spending up to 16 hours a day on digital media. With so many options, the one commonality that many people are looking for is genuine connections with people and brands that share their interests and values.  The concept of a community is not always tangible. Communities can come in the shape of forums, social…