Business Models

'Hire fast, fire fast': Ashneer Grover wants shorter hiring, notice periods

Ashneer Grover said that a lengthy hiring process can still fail to yield the desired results as candidates are on their best behaviour at that time but may not meet expectations later

No shortage of funds for startups with strong business models: Amitabh Kant

The innovation and startup ecosystem is strongly positioned to find solutions to challenges facing the world today, India's G20 Sherpa Amitabh Kant said on Monday, asserting there is no shortage of funds for good startups, with strong business models. Speaking at 'Startup20 Shikhar' event, he advocated a multi-pronged approach of 'fund of funds', credit enhancement schemes, and a sharp focus on good governance for a robust startup ecosystem. Indian startups have successfully demonstrated the power of population-scale solutions at low cost, he said. Kant said that there is no funding winter in startup space, and pointed to "spring" of capital availability for good startups. The world is flushed with funds looking for well-structured good projects, he pointed out. Kant spoke about the success of India's digital public infrastructure, biometric ID, digital payments, and the strength of its startup ecosystem, and added that the country has demonstrated the huge power of digital ...

Examine if business models aligned with risk appetite: RBI's M K Jain

He also said that the supervisors need to examine IT issues holistically to determine whether banks have the capacity to develop robust IT systems that align with their business strategies

Edtech firm Chegg to cut 4% of staff amid AI threat to business model

Chegg has revealed its plans to cut about 4% of its workforce, weeks after its CEO admitted that ChatGPT was crushing its business as students are turning to artificial intelligence for homework

Sebi Chairperson Buch lists core principles that guide regulators

Buch also said that if your business model is woven around a black box, which is not open to sunlight for disinfecting or not capable of being audited or validated, it cannot be permitted.

Businesses cannot be run on 'black box' model: Sebi chief on algo trading

Sebi chairperson Madhabi Puri Buch on Wednesday said any business on the 'black box' model that cannot be audited or validated will not be permitted. She also said since data is a public infrastructure, any attempt by any private party to own them cannot be tolerated. "We are not for or against algo trading as long as there is sufficient transparency and disclosures. Business models cannot rely on a black box which is not open to sunlight.. therefore any claim that cannot be audited and validated cannot be permitted," Buch said addressing the Global Fintech Fest here this morning. The warnings from the markets regulator come amid reports that it may clamp down on algo trading, which in the past has been misused by certain brokers with the connivance of top NSE officials. Earlier this month, Sebi had issued new guidelines for stock brokers providing algorithmic trading services after it was found that certain stock brokers provide algorithmic trading facilities to investors through

Merchants need to modernise, digitise their business models: Smriti Irani

There is a need for the traders and merchants to modernize and digitize their business models, Union Minister Smriti Irani said on Monday. "In the constantly changing business scenario, the merchants of our country need to transform, digitize and modernize their business models," Irani, who is also the Minister of Minority Affairs, said. The Minister of Women and Child Development made the remarks while launching CAIT India Knowledge Mission in the national capital, the Confederation of All India Traders (CAIT) said in a statement. The initiative will educate and assist the traders across the country to adopt new and modern technologies to their businesses. CAIT will organise both offline and online workshops across the country as part of the programme. CAIT Secretary General Praveen Khandelwal said "in the last few years foreign e-commerce companies and big corporate companies are trying to take on the retail business." The mission has been launched to teach the traders and mercha

XLRI XAT 2023 registration to begin on Aug 10; Here's how to apply

The exam which is expected to be held on January 8 2023, is conducted by XLRI-Jamshedpur, on behalf of the Xavier Associate Management Institutes (XAMI)

New-age firms tweak business models, rev up services with add-ons

Delivery executives and driver partners are the more active workers during these testing times

Privacy-based business models may generate $12 billion by 2025, says study

The study focused on data practices and governance of private enterprises has found

Develop ecosystem for aggregators

As volume builds up, it's feasible to transition to inventory-based model