Financials of Indian companies saw sharp decline in the March quarter both on a sequential and year on year basis due to the Covid-19 pandemic. An ICRA results analysis of 184 companies, excluding financial sector entities, indicates a 22 per cent fall y-o-y in net profit in the March quarter. The March quarter performance also dented the FY20 bottomline, which fell by 12 per cent over the year ago quarter. While aggregate revenues were down 2.9 per cent y-o-y, the impact on margins was higher. While margins contracted by 30 basis points on y-o-y basis, they fell…

June 16, 2020 7 min readOpinions expressed by Entrepreneur contributors are their own. Many marketing professionals aspire to become excellent marketing managers who can direct entire teams toward commercial and creative success. Despite the allure of becoming a marketing manager, however, it’s an immensely difficult position to master. Many marketing specialists do quite well when producing content or conducting research but lack the skills and experience needed to be good marketing managers. Business owners and marketing gurus are thus left grappling with the question of what makes a good marketing manager so great, and how to avoid making mistakes…

As the pandemic has broadsided the global economy, one of its striking features — for executives, at least — is how each month of the crisis has had a distinct feel to it, based on how companies and their leaders were coping. March was the month of reeling and reacting. What just happened? We’re shutting down the offices, and everybody who can work from home needs to do so. Can we do this? April was more about taking stock of the economic damage. We’re clearly in this for the long haul. We need to run our models, plan for grim…

Franklin Templeton (FT) Trustee Services has called for an extra-ordinary general meeting (EGM) on Thursday, where a resolution will be considered to grant indemnity to the directors of the trustee company, in relation to any liability, which might arise due to decision to wind-up six debt schemes of FT Mutual Fund (MF). The notice for the extra-ordinary general meeting read, “In accordance with the articles of association of Franklin Templeton Trustee Services (the Company), the Company shall indemnify all directors to the fullest extent permitted by such articles and applicable law, in connection with liability that…

June 16, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. Advertising-tech company Criteo hopes to shift away from being known as a niche leader in ad retargeting and redefine itself as “the ad-tech company for the open internet.” Leading that charge is Megan Clarken, who was hired as the company’s chief executive in October 2019. Clarken’s task isn’t an easy one — ad tech is struggling to keep up with the changing current of consumer attitudes toward data tracking and targeting, as well as the policy and throttling measures being taken in response by governments and…

During the past six months, different states have been hit by cyclones, earthquakes, floods and other natural disasters and properties, cars and other goods have been damaged in many households. For those, who have adequate insurance, this would be the time to make claims. In the case of a car, Sajja Praveen Chowdary Motor, business head, Policybazaar.com, says: “Accidents are just one risk. The general cost of an accident is in the range of Rs 15,000-25,000. Loss due to a natural disaster can be much higher. For example, 75 per cent of your car could get damaged if…

The Securities and Exchange Board of India (Sebi) has filed letter patent appeal in Gujarat High Court (HC), which is an appeal against a decision of a single judge to another bench of the same court. The appeal has been filed in Gujarat HC, which had put stay order on e-voting by unitholders in the six wind-up schemes of Franklin Templeton Mutual Fund (MF). ALSO READ: Race for digital-first film releases hots up on OTTs after Gulabo Sitabo The matter is also likely to be up for hearing in Supreme Court this week, where FT…

June 15, 2020 9 min readOpinions expressed by Entrepreneur contributors are their own. Okay, I’ll admit it – I’ve never been a Kardashian fan. I’ll admit that “Momager” Kris Jenner and her offspring have achieved remarkable feats in garnering attention and revenue, two of entrepreneurship’s highest goals. But for me, the issue is the in-your-face actions the mom and her family are perpetually taking for celebrity’s sake.  Kylie Jenner’s removal from the Forbes Billionaires List (after making the magazine’s cover in March 2019 as the world’s youngest self-made billionaire at 22) is a case in point.  Granted, the family’s…