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 […]

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. […]