Bain Capital to enter credit business in India, hires director

MUMBAI: Bain Capital, world’s leading private multi-asset alternative investment firm, is all set to expand its operations in credit & special situations business in India. Bain Capital Credit, its credit specialist arm, has hired Suruchi Nangia as a director as part of setting up an independent Indian team for credit operations, two people close to the development said. Nangia, former […]

It’s a business cycle downturn, a lot rides on govt’s response: Raamdeo Agrawal

What is your assessment of the current slowdown? My sense is inventory correction is more or less done. The correction which you are seeing is the actual decline in the consumer demand. What is happening is that it is a situation where negativity is leading to further negativity. Nobody is talking good but if you […]

Vodafone Idea to close m-pesa business, writes off Rs 210 crore for payments bank closure

NEW DELHI: Vodafone Idea Ltd has decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), in which it was being merged with, a top official said on Monday. Nearly 17 months after it began operations, ABIPBL on July 20 announced winding up of its business on account of […]

New Business Trend: An Authentic Commitment To Purpose

“Ding dong, AVON calling!” was a catchphrase in the ’60s that represented more than door-to-door direct selling of cosmetics; it represented financial independence for women and a culture shift. More than 50 years later, the iconic brand is signaling a new business trend about putting purpose first by agreeing to an all-stock sale to Brazil-based beauty brand Natura valued at $2 billion, […]

CSR should be integrated into modern business strategy: CJI Ranjan Gogoi

Exhorting corporate enterprises to focus on “ethics as efficiency”, Chief Justice of India, Ranjan Gogoi on Friday said that the industry should integrate Corporate Social Responsibility (CSR) into a modern strategy. Gogoi was speaking at an Associated Chambers of Commerce of India (ASSOCHAM) event. He said that practice will ensure that the financial drivers and […]

How social media could ruin your business

Whether it comes from hackers, disgruntled customers, or is simply a backlash against something you post, negative social media content can destroy trust in your brand in a matter of minutes. “Social media is the most immediate threat to your company’s reputation,” says Pete Knott, digital consultant at UK PR agency Lansons Communications. “If not […]

Budget 2019: M&A boost imperative for business revival, says KPMG

Prashant Kapoor and Akshay Srivastava While India Inc. has pinned high hopes on the recently elected government, multiple challenges await the government in their new term. Unemployment rate and bankruptcy cases are on the rise and economic growth needs a serious push. In this backdrop, when the new Finance Minister presents her maiden budget inter […]

We want to double business in next three years: Rajiv Bhalla, MD, Barco India

NEW DELHI: Display technology firm BarcoIndia, a 100% subsidiary of Belgium headquartered Barco NV sees a big opportunity in India in areas including smart cities development. infrastructure and entertainment. It has helped set up `video walls’ in command and control centers for telcos, managing cities, police requirements, entertainment and so on. In an interview with ET, Rajiv Bhalla, managing […]

Raising money from IFCI for your business: A guide to approach the lender

Besides offering business hand-holding, IFCI, the country’s oldest financial institution, offers several Government-supported funding avenues for deserving Indian MSMEs, says Emandi Sankara Rao, MD & CEO, IFCI Ltd. Elaborating on the process of approaching IFCI for funding, Rao says that the IFCI venture capital fund and IFCI Factors Ltd are the two subsidiaries that are focused solely on […]