A sharp sell-off in banking and financial stocks dragged the benchmark indices down on Friday. The Sensex fell 260.31 points or 0.84 per cent to end at 30,672.59, while the Nifty declined 67 points or 0.74 per cent, to close at 9,039.25.
The Bank Nifty declined 2.6 per cent, with several big names posting losses in excess of 4 per cent. Analysts said investors shelved financial stocks on worries that an extension in the moratorium would lead to a pile-up in bad loans.
The RBI on Friday extended the moratorium by…
It’s Time to Get Creative and Adapt Your Marketing to the Crisis
Now is the time to be agile.Free Book Preview No BS Guide to Direct Response Social Media Marketing
The ultimate guide to – producing measurable, monetizable results with social media marketing.
May
21, 2020
4 min readOpinions expressed by Entrepreneur contributors are their own.
The business world is upside down. Things are chaotic right now, and rightfully so, but there are still signs of hope. Entrepreneurs and business leaders need to think outside the box to help their companies navigate these unprecedented times and hopefully to come out stronger on the other side.
Now is the time to…
Year of survival for insurance industry; don’t expect growth: Bajaj Allianz
Bajaj Allianz Life is not expecting significant growth for the insurance industry this year due to coronavirus impact on the economy, a top company official has said.
However, the insurer said, customers, will like to buy policies online.
“I think this is a year of survival, not everybody is likely to invest (in policies) when the GDP (gross domestic product) is not likely to do good. This year will not be a year of significant growth,” Tarun Chugh, MD, and CEO of Bajaj Allianz Life Insurance, told PTI in an interview.…
Aditya Birla Sun Life MF stops fresh flows in two credit-oriented schemes
The Aditya Birla Sun Life Mutual Fund (MF) has suspended fresh subscriptions to its credit-oriented schemes credit risk fund and medium duration fund, in order to avoid dilution of gains for existing investors from the expected recoveries.
“We believe there are substantial gains in our funds which would be realised by the existing investors over next few months. Since we do not wish to dilute this for existing investors by taking more money in these funds, we have stopped fresh subscriptions in the interest of investors,” the fund house said in a response.
The…
What Does the Crisis Mean for the Sharing Economy?
May
19, 2020
7 min readOpinions expressed by Entrepreneur contributors are their own.
The global health crisis has rocked the sharing economy. Uber and Lyft drivers have seen their incomes plunge as people shelter in place. Airbnb bookings have tumbled, and its services have been banned in some cities and states. Gig workers at a number of companies are protesting a lack of basic protections like hand sanitizer, cleaning supplies and sick pay.
This crisis has brought to a head problems that have been lurking in the wings for years. As a professor who researches the sharing economy, I’ve…
The power broker
The Inside the Mind of the CEO interview series explores a wide range of critical decisions faced by chief executives around the world. For more insight, see PwC’s CEO Survey.
Where other people see problems, Chantelle Abdul sees opportunities. Abdul, who was born in Nigeria but grew up and was educated in the U.K. and U.S., is the CEO of Mojec International Holdings, a family-owned conglomerate based in Nigeria and West Africa with operating portfolio investments in power, energy, mining, technology, and agriculture.
When Nigeria’s power industry was first privatized in the 2010s, electric bills were rough estimates at best,…
Nearly one-tenth of top mutual fund assets come from related distributors
Associate distributors have provided stickier assets to some of India’s largest mutual fund houses even as troubles in debt schemes have prompted withdrawals leading to an erosion in the amount of money they manage.
The share of such distributors has actually gone up since the Covid-19 crisis took hold in March. It continued to hold even after the panic withdrawals prompted by Franklin Templeton’s decision to wind up six debt schemes over debt market troubles, shows an analysis of data from the Association of Mutual Funds in India (AMFI).
The share…
Is Programmatic the Next Big Thing?
May
19, 2020
5 min readOpinions expressed by Entrepreneur contributors are their own.
With at least 150 million monthly listeners in the U.S. alone, it’s no surprise that everyone from global brands to small businesses are turning to podcasts as their next key advertising investment.
After all, podcast ads are, for the most part, native — and native advertising can quickly turn an inbound trickle into a whole stream of new business. Indeed, podcast advertisements are seamlessly integrated into the natural flow of a show. Combine that with extremely engaged listeners and a personal touch added by the host,…