The Union government on Thursday allowed health and motor third party policyholders to defer their renewal, if it falls between March 25 and May 3— the lockdown period. Now, the policyholders can pay for the renewal of their policies till May 15. Earlier, the government had deferred the renewal payment till April 21 but since the lockdown was extended, more time has been given to pay for the renewal and even the period under consideration has been increased. The payments can be made till May 15 and the relaxation is only…

Indian Gas Exchange (IGX), the country’s first natural gas exchange, will start operations on Monday at a time when a gas hub conceptualised during the first tenure of the NDA government is yet to become a reality. IGX, set up by the Indian Energy Exchange (IEX), will offer option of both just buying the product as well as purchase along with delivery. “For normal transactions, IGX will be charging a nominal fee of Rs 5 per unit, while for delivered transactions it will be charging Rs 7,” said a person close to the development. The delivered…

Even in a pandemic, if you identify and meet the needs of your customers, you will thrive. June 13, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. As an unprecedented pandemic rips through countries around the globe, businesses brace for a devastating economic impact. The global health crisis has spurred job loss and derailed consumer spending. Many experts are predicting a coronavirus-led recession although forecasts tend to pivot quickly these days. While the idea of a recession and market uncertainty is concerning, there is also opportunity.  A look back Although the fear of a global recession…

In early 2020, Wafels & Dinges, the popular Belgian waffle truck fleet, was in major expansion mode. It was planning to add brick-and-mortar restaurants in some markets, including in the Mall of America in Bloomington, Minn., and American Dream in the Meadowlands of New Jersey, where it would peddle espressos and cranberry-rosemary waffles. But when the COVID-19 national emergency was declared on March 13, owners Thomas de Geest and Rossanna Figuera realized they had exactly enough cash on hand to give their workers two weeks’ severance pay. Tearfully, they said goodbye and emptied their bank account. Once they made the…

While yields on short-term Indian government bonds are falling like there is no tomorrow, those on longer-term bonds remain sticky. This has led to a steep yield curve – the sort that the country has not witnessed at least in the past two decades. A steep yield curve has implications for investors. The country has witnessed steep yield curves twice in the past, and each such occasion was followed by a stunning bull run in equities. To quote a popular saying, history does not repeat itself but it does tend to rhyme. The first instance: Between…

We are not out of the woods yet, but it is safe to say that many B2B buyers are re-emerging to do business.Free Book Preview No BS Guide to Direct Response Social Media Marketing The ultimate guide to – producing measurable, monetizable results with social media marketing. June 12, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. The COVID-19 pandemic is far from over, and there is still a massive amount of economic pain and high unemployment, but in the world of B2B sales, we seem to be emerging from the other side of the…

The banking and financial sector is among the worst hit in the current downturn. While the Nifty 50 has declined 27.1 per cent over the past three months, the Nifty Bank index has nosedived 39.4 per cent over the same period. The steep correction, however, presents longer-term investors with good entry points into quality stocks within this sector. This sector’s prospects are bound closely to that of the economy. And with economic growth poised to slow down considerably—the International Monetary Fund has projected a GDP growth rate of 1.9 per cent in FY21—the banking and financial…

Market regulator Sebi on Friday modified its framework for asset management companies (AMCs) making investment from the funds raised through a new fund offer. The move is aimed at ensuring money remains within the scheme, which will provide some cushion to mutual fund unitholders in case of winding up of a scheme, industry experts said. Under the mutual fund norms, the sponsor or AMC is required to invest at least one per cent of the amount which would be raised in the new fund offer (NFO) or Rs 50 lakh, whichever…