Page 4 - Business

For women, it's a long walk to financial inclusion

Designing financial services for women makes good business sense. Women have lower defaults, tend to save more and make timely repayments compared to men

The limitation of 'Make in America'

Slade follows Ben and Whitney Waxman, who in 2015 founded American Roots with the goal of not only manufact­uring in the US, but also operating with an entirely domestic supply chain

Rise in demand for saffron flags bearing images of Lord Ram, Ayodhya temple

Ahead of the Ram temple consecration ceremony in Ayodhya, demand for saffron flags bearing images of Lord Ram, Lord Hanuman and the upcoming grand temple has risen manifold. As Ayodhya will virtually be fortified on the day of the 'Pran Pratishtha' on January 22, devotees from the nearby districts are arriving early for a 'darshan' of Ram Lalla and are purchasing these flags, besides other merchandise bearing the name and images of Lord Ram. With less than two weeks to go for the grand event which will be attended by Prime Minister Narendra Modi, the temple town is in the grip of religious fervour, or as the locals say, "Ayodhya Rammayi ho rahi hai". Saffron flags bearing images of Lord Ram and the upcoming Ram temple, 'Jai Shri Ram' slogan, and an image of Lord Hanuman -- often seen on the rear windshield of cars -- are in big demand, according to local shopkeepers. Several local residents PTI spoke to said the demand for saffron flags has been on the rise since the 2019 Supreme .

Best of BS Opinion: Global trade disruption, Tapping the many Indias & more

Here is the best of Business Standard's opinion pieces for today

Jaipur traders demand new wholesale trade hubs for smooth business

The walled city of Jaipur, known globally as Pink City, is a Unesco world heritage site

ICC World Cup 2023: Local biz saw 400% hike in spending by foreign tourists

Quick-service restaurants in host cities saw an increase in spending by foreign tourists for three key matches - India vs Pakistan, India vs England, and the final clash between India and Australia

Over 7,700 cos voluntarily exited biz since setting up C-PACE: Govt

More than 7,700 companies have voluntarily closed down their business in the country since the setting up of the Centre for Processing Accelerated Corporate Exit (C-PACE) in May this year, and the time taken for voluntary exit has come down to around 110 days, according to the government. The corporate affairs ministry operationalised the C-PACE on May 1, 2023, to facilitate and expedite the applications filed for voluntary exit under the provisions of Section 248 (2) of the Companies Act, 2013. The applications for voluntary closure under C-PACE are processed in a centralised manner for an efficient and uniform outcome, Minister of State for Corporate Affairs Rao Inderjit Singh said on Monday. "Since the setting up of C-PACE, 7,721 companies have been struck off till 05.12.2023, under section 248(2) of the Act... the time taken under C-PACE for voluntary exit has reduced to around 110 days during the current year," he said in a written reply to the Lok Sabha. In a separate written

Follow orders if you want to do biz in India: HC to domain name registrars

The Delhi High Court on Friday cautioned domain name registrars (DNRs) against non-compliance of judicial orders and said if they want to do business in India, then they should follow its directions on taking action against those indulging in illegal activities online, or run the risk of being "blocked" by MEITY. A bench headed by Acting Chief Justice Manmohan said DNRs cannot "become instrument of syndicating scams" and called upon them to "remain vigilant" in the face of misuse of known trademarks to register websites to carry out illegal and fraudulent activities. "If you have to do business in India, we will lay guidelines and you have to comply. We will lay down a mechanism.. These (DNRs) people have to comply. We can't allow millions to be cheated. Some serious matter is going on here," said the bench, also comprising Justice Mini Pushkarna. The court observed that there was a huge magnitude of business in the country for DNRs who cannot be allowed to become "scam units". "We

90% organisations say generative AI will help add new lines of biz: PwC

As many as 90 per cent of the organisations surveyed said generative AI will help them add new lines of business over the next 12 months, according to PwC's 2024 Digital Trust Insights. Newer regulations around cybersecurity and data privacy like the Digital Personal Data Protection Act, 2023 have added to the strategic importance of enhanced cyber investments for organisations, it said. "More than half the business decision-makers are most concerned about cloud security-related threats and almost half of them are concerned that the outcome of a cyber attack could result in loss of customer data and revenue," said PwC India's 2024 Digital Trust Insights. The report sheds light on the evolving landscape of cybersecurity, and is based on a comprehensive survey of 3,876 business, technology, and security executives across the globe with 136 participants from India. As per the report, 90 per cent of organisations believe gen AI will help them add new lines of business over the next 12

Solving intermittency of renewables

Emphasise the path to discovery, not a design

Goyal to meet ministers, businesses in Riyadh to discuss trade, investment

Commerce and Industry Minister Piyush Goyal will meet senior leaders and businesses in Riyadh during his two-day visit to Saudi Arabia, starting from October 24, to discuss ways to boost trade and investments between the two countries, an official statement said on Monday. Goyal will be attending the seventh edition of Future Investment Initiative (FII) in Riyadh, Saudi Arabia. He would meet Kingdom of Saudi Arabia (KSA) dignitaries including Energy Minister Prince Abdul Aziz Bin Salman Al-Saud; Commerce Minister Majid bin Abdullah AlKassabi; Investment Minister, Khalid A. Al Falih; Industry and Mineral Resources Minister Bandar bin Ibrahim AlKhorayef; and Governor Public Investment Fund (PIF) Yassir Rummayyan among others, the commerce ministry said. Goyal will also co-chair a conclave session on the theme From Risk to Opportunity: Strategies for Emerging Economies in the New Industrial Policy Era along with the Saudi Arabian Investment Minister. He is also expected to meet busine

How to start a business with no money? Here are the simple steps to follow

Starting a business without investment looks impossible, but it isn't. You can fulfil your entrepreneurial dream without investing a single penny. Here's how to start your business with no money

XLRI achieves 100 per cent Summer Internship Placements for 2023

XLRI- Xavier School of Management received 100% summer internship placements for the 2023-25 batch for its flagship two-year programs i.e. PGDHRM and PG Diploma in Business Management

Bankman-Fried: From crypto hero to zero

The profusion of exclamation points is a tipoff that Lewis is at least somewhat aware how dumb such optimism looks in retrospect - especially now that Bankman-Fried's trial on fraud charges has begun

Offsite Events: The Future of Corporate Team Building

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Top 5 business ideas under 20000 to start making money today

A successful business requires a good business idea, sufficient investment and determination to face any obstacles. Here are the top 5 business ideas with an investment of less than Rs 20000

HCLTech, Business Finland sign agreement for technology collaboration

Partnership will enable Finnish firms to use Indian company's innovation network

JSW Infrastructure has huge potential to grow its business: Sajjan Jindal

Commercial ports operator JSW Infrastructure, which got listed on the bourses on Tuesday, said it has a huge potential to grow its business and aims to become a global company, JSW Group Chairman Sajjan Jindal has said. Speaking at the listing event, Jindal cited the example of Singapore and said that it is a City-State and handles more cargo than all of India. "We can also create such ports which handle not just our own cargo but also of the countries around us," he said. "We cannot think only India centric, we have to think global and we have to really build ourselves as a global company. So we have to really think at those levels," he said. Jindal further said that India has a large coastline and logistics cost in the country is among the highest in the world. "The cost of transporting goods in India is the highest, So JSW Infra has a huge potential to grow its business to create what the government has created, CONCOR," Jindal said. A Public Sector Undertaking, CONCOR (Contain

LVMH billionaire Bernard Arnault probed over possible money laundering

The investigation into Arnault and Nikolai Sarkisov involves transactions related to property in the exclusive ski resort of Courchevel, according to Le Monde newspaper

Business loans for startups and new businesses by the Indian government

Every business needs a loan to flourish and grow and the need is more if it is a new business or startup. The government has issued several loan schemes to help MSMEs. Check details below