By Devika Krishna Kumar and Chen Aizhu NEW YORK/SINGAPORE (Reuters) – U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war. Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S. concerns that China’s purchases are trending well short of purchase commitments under the…

August 14, 2020 7 min readOpinions expressed by Entrepreneur contributors are their own. Finding new customers isn’t easy. So when you do find a customer, you want to make sure you’re earning as much as possible and providing the best experience for them. One of the most effective ways to do this is to offer “upsells” and “cross-sells” — additional offers after the initial purchase. These allow you to serve your customers at a higher level and increase revenue at the same time. The fact is: If you don’t offer anything after the initial purchase, you may be leaving…

An insurance company can take action against a hospital for demanding advance from a policy holder who is supposed to get cashless service, an official of insurance regulator IRDA said on Friday. In a recent circular, Insurance Regulatory and Development Authority (IRDA) has put the onus of taking steps against medical establishments for deficiency in service on the insurer, the official said. There has been a sharp spike in complaints post COVID-19 outbreak that private hospitals are demanding huge advance before admission even from patients having cashless medical insurance. …

The Securities and Exchange Board of India (Sebi) on Friday imposed a penalty of Rs 10 lakh each on Life Insurance Corporation of India (LIC), State Bank of India (SBI) and Bank of Baroda (BoB) for failing to reduce their stake in UTI Mutual Fund (MF) below 10 per cent within the stipulated time. The regulator passed separate orders against the three state-owned firms for non-compliance of Regulation 7B of Sebi MF Regulations. Under the said regulation, no sponsor of an MF is allowed to hold more than 10 per cent of any other mutual fund…

August 13, 2020 8 min readOpinions expressed by Entrepreneur contributors are their own. Have you ever released an offer into the world that you put your heart and soul into? An offer that made you giddy, such that you were waiting for the dollar bills to flood your bank account and your DMs to overflow on social media, only to get no response? If you’ve been in business for a while, this has likely happened to you. It’s happened to every entrepreneur I know at least once. This disappointment happens because entrepreneurs set out to create offers focused on…

The Reserve Bank of India (RBI) on Thursday announced that lending institutions like banks and non-banking finance companies (NBFCs) could now lend up to 90 per cent of the value of gold jewellery, raising the cap from 75 per cent earlier. The RBI increased the LTV (loan-to-value) ratio on gold loans to provide relief to borrowers looking to take gold loans to mitigate the financial exigencies caused by the coronavirus crisis. Here’s what you must know: RBI statement on gold loan The RBI said: “As per the extant guidelines, loans sanctioned by banks against pledge of…

Markets regulator the Securities and Exchange Board of India has lifted its trading ban on five entities, including Ruchi Global and Ruchi Soya Industries, in a case related to alleged manipulation in castor seeds trading. National Steel & Agro Industries, Secunderabad Oils, and UKS Oils are the other entities on whom the ban has been lifted. Through two interim orders passed in March 2016 and May 2016, Sebi had barred the five entities, among others, from the securities markets for alleged fraudulent and manipulative trading in castor seeds on leading commodity bourse NCDEX. …

Read about all the ways you can make money from your content – and how to get started.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. August 12, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Online content has gotten incredibly popular for a handful of motivating reasons. First, it’s easier than ever to publish your own content: Anyone (even those with no money) can start blog, upload recorded videos or even live stream. Second, demand for online content is skyrocketing;…