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 […]

Embassy Group set to take over Indiabulls’ real estate business

Indiabulls Group has set the ball rolling to exit its real estate business and signed an agreement with Bengaluru developer Embassy Group to sell its stake, people close to the development told VCCircle. The plan to exit Indiabulls Real Estate Ltd comes in the view of the group’s decision to enter the banking sector through […]

Why is Indiabulls exiting real estate business? Is RBI the reason?

Promoters of Indiabulls Real Estate (IBRE) sold 12 percent out of 38.72 percent stake held by them in the company, as per media sources. This piece of news comes days after the group companyIndiabulls Housing Finance (IBHF), the fourth-largest housing finance company, announced its intent to merge with Lakshmi Vilas Bank (LVB), a Tamil Nadu-based old private bank. […]

Tata Steel will continue to explore various business options in Europe

New Delhi: Tata Steel has not given up on its plans of merging its business in Europe, a top company official said while terming the European Commission’s feedback on the proposed joint venture with Thyssenkrupp as a “speed breaker”. The company’s aim is to make European business stronger for which it will continue to explore various business […]

Tata Communications expects IoT business to vault 10x

‘Challenge lies in getting the ecosystem to deliver devices matching the scale’ Tata Communications’ bet on creating the world’s largest network of Internet of Things (IoT) in India is starting to pay off as initial investments have started translating into large commercial deployments. That growth in place, the company expects the IoT business to grow 10 […]

Bragi confirms it’s pivoting out of the wireless earbuds business

Before Apple’s AirPods, long before the Galaxy Buds or any of these other ones we’ve reviewed, the Bragi Dash were among the first truly wireless earbuds, the first to actually cut the cord. But they were also incredibly ambitious, promising an intelligent earbud like something out of a science fiction movie, and that ambition has apparently taken a toll: the […]

Podcast | Sanjay Bakshi: Why you should love your investments but worry about FOMO

In Part 3 of the podcast interview with Sanjay Bakshi, value investor, behavioural finance expert at Adjunct Professor at MDI, talks about how he chooses his investments, whether technology is disrupting the concept of moat – or a company having competitive advantages over peers – and how investors should avoid value traps. Listen to part 1 and part […]

India’s Business Intelligence, Data Warehouse market to grow fastest globally, says Amit Ray of Protiviti India

In India, with over 400 start-ups in the Artificial Intelligence or Machine Learning domain and over $150 million privately invested fund in the last two years, the growth seems obvious but there is a substantial lag in growth, compared to the US and China, tells Amit Ray, MD-Data Analytics Practice, Protiviti Member Firm for India. […]

Companies Adopt Ride Sharing – But Not Room Sharing – in Business Travel Policies

  Services provided by the sharing economy have increased adoption rates for shared transportation during business trips. But according to a new survey from Chrome River, the adoption rate for shared accommodation hasn’t reached the same levels. Instead of using Airbnb, HomeAway, or VRBO, business travelers are still opting to stay in hotels for their […]

Business Beat: Small Business Week nears

Cannabis facility heads to New York Atlas Growers Ltd. is preparing to participate in a four-day marketing conference in New York starting Oct. 1. The medical cannabis producers will be the only cannabis company participating in the globally recognized event called Advertising Week. Marketing, branding, advertising and technology companies from across the world will participate […]