Page 8 - Business

Amul's Pashudhan is opening an alternative business for farmers, eBay style

In the "Pashudhan" tool of Amul's Milk Producers' app, the cattle rearers can upload pictures of their cattle and enter details like the day's milk yield and breed in order to sell them

Reliance Retail to expand biz in affordable toy segment through Rowan brand

Reliance Retail is expanding its business into the fast-growing toy sector through its brand Rowan to operate in the affordable segment with a smaller shop size. The company was running its toy distribution business through Rowan. It has now brought this homegrown brand to the front end by opening its first EBO (exclusive brand outlet) at Gurugram in NCR in the last quarter with a store size of 1,400 sq feet. Under this new format, Reliance Retail, the retail arm of Mukesh Ambani-led Reliance Industries, will have a range of affordable toys not only from the brand Rowan on its shelves but also from other brands, said an industry source. Reliance Retail also has the iconic British toy retail brand Hamleys in its fold. Hamleys is the world's oldest toy retailer and was acquired by Reliance in 2019, marking the first acquisition of a global retail brand by the company. Hamleys would continue to operate in the premium space, while brand Rowan would help Reliance Retail to tap the ...

Around Rs 40,000 cr of business expected during 2-days of Dhanteras: CAIT

Around Rs 40,000 crore of business is expected to be generated on this Dhanteras, which is spread over the weekend, on the back of positive consumer sentiment, the Confederation of All India Traders (CAIT) said on Saturday. Dhanteras, the first day of Diwali, is considered auspicious to buy new items, especially gold, silver jewellery, all kinds of utensils, kitchenware, vehicles, clothes and readymade garments, electronics, electrical goods among others. This year Dhanteras is spread over the weekend, with the muhurat beginning from 2 pm on Saturday till 6 pm on Sunday. "Around Rs 40,000 crores of business" is expected on two days festival of Dhanteras, CAIT national president B C Bhartia said in a statement. All India Jewellers and Goldsmith Federation national president Pankaj Arora said there is great enthusiasm among jewellery traders across the country regarding the sale of Dhanteras on Saturday and Sunday, for which the industry has made elaborate preparations. There is als

Indian economy's slow-but-steady activity awaits festive season boost

India's economy showed signs of slowing-but-steady growth last month, with businesses holding on to optimism that domestic demand will revive as the peak shopping season approaches

23% of SMBs remain closed in India as pandemic wanes, says Meta Inc

A Meta (formerly Facebook) survey of small- and medium-sized business (SMB) leaders in India has revealed that 23% of SMBs remain closed as the Covid-19 pandemic wanes

Morale of Twitter employees at all-time low with Elon Musk as boss

Elon Musk's intention to buy Twitter has hit the morale of employees at Parag Agrawal-led platform, as they aren't feeling great about what is actually coming at them after months of drama

Adani Enterprises announces establishment of two new subsidiaries

While Adani Disruptive Ventures aims to partner with businesses looking to create solutions through disruptive technology, Alwar Alluvial Resources will be engaged in minerals processing

CEOs rethinking strategies to hire, retain talent: KPMG 2022 CEO Outlook

KPMG's latest poll asked more than 1,300 CEOs of the world's leading companies about their hiring plans and expectations

Insolvency law changing the way society perceives biz failures: CCI chief

With a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business failures and striving to build confidence among creditors, Competition Commission of India chief Ashok Kumar Gupta said on Saturday. He also emphasised that suiting the new economic milieu, the Insolvency and Bankruptcy Code (IBC) projects exit as a resolvable fall-out of market competition and provides a rather graceful exit for entrepreneurs. He was delivering the annual day lecture of the Insolvency and Bankruptcy Board of India (IBBI), a key institution in implementing the Code. "Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business failures, as it becomes a reform by, for and of stakeholders. "Standing on the two critical pillars of transparency and credibility, the Code and its implementation have continuously strived to build confidence among the creditors and the new management through a

New cities being built in country as per global business demand: PM Modi

Prime Minister Narendra Modi on Friday said new cities are being built in the country as per global business demand with focus on improving and expanding old cities. India of the 21st century will get a new momentum from the cities in the country, he said while stressing the need to develop twin cities. Calling speed an important factor in development, Modi said the system of transport should be modern with seamless connectivity. The prime minister was addressing a gathering in Ahmedabad after flagging off the Gandhinagar-Mumbai Vande Bharat Express train and inaugurating phase-1 of the Ahmedabad metro rail project. "India of the 21st century will be getting a new momentum from the cities of the country. With the changing times, it is necessary to continuously modernise our cities with the changing needs," he said. "The system of transport in the city should be modern, there should be seamless connectivity. One mode of transport should support the other. This is necessary," Modi .

Data centre business to double by 2024, demand to help real estate: Reports

Investments in data centres expected to surpass $20 billion by 2025, with smaller cities gaining too

From Windsors to Kochs and Tatas, 5 rules for family businesses to thrive

Family companies are repositories of family traditions and family loyalties

American Express India appoints Sanjay Khanna as chief executive officer

In his new role, Sanjay Khanna will be leading several business development initiatives for American Express, while steering collaboration across its diverse businesses in India

World Suicide Prevention Day: Data on businesspersons tell a shocking story

16 states onboard single-window system for ease of doing business

As many as 16 states, including Odisha, Tamil Nadu and Bihar have integrated with National Single Window System (NSWS) so far with an aim to promote ease of doing business, a senior official said on Tuesday. The government in September last year soft-launched NSWS for businesses. It was aimed at providing support to investors, including pre-investment advisory, information related to land banks, and facilitation of clearances at the Centre and state levels. The NSWS portal is envisioned as a one-stop shop for investors for taking all the regulatory approvals and services related to investments. It allows online filing and tracking of all applications and clearances, thereby helping investors to obtain clearances from different stakeholders without visiting different government offices. "Currently, 24 of the 32 ministries and departments have onboarded the system and others are in the process. 181 out of total 368 services identified as relevant, have been onboarded. At the same tim

India probes may adversely affect operating results or cash flows: Xiaomi

Chinese smartphone maker Xiaomi on Friday said the ongoing investigations and allegations in India could take a long period of time to settle that may adversely affect its operating results.

Biz ideas from students can help country get rid of unemployment: Sisodia

"By learning the concepts of entrepreneurship and establishing start-ups at a young age, students in Delhi government schools are becoming responsible citizens as well as smart entrepreneurs," he said

Masayoshi Son now down $4 bn on SoftBank side deals due to market downturn

Masayoshi Son holds 17.25% of a vehicle set up under SoftBank's Vision Fund 2 for its unlisted holdings, as well as 17.25% of a unit within its Latin America fund

J&K Bank aims to achieve business of Rs 4 tn in next 5 years: CEO

Jammu and Kashmir Bank has set a long-term goal of achieving Rs 4,00,000 crore business in the next five years with annual profit of Rs 4,000 crore, a top company official has said. J&K Bank MD & CEO Baldev Prakash said the long-term objectives are backed by well thought out strategies and monitorable execution plans that would be periodically reviewed to ensure achievement of all interim milestones. Prakash said the bank is also working on short-term goals like fixing monthly targets for each business line. "In the longer term, we have set out a target for ourselves to achieve business of Rs 4 lakh crore in the next five years with an annual profit of Rs 4,000 crore. We are aiming to bring our gross NPA to below 4 per cent with a net NPA figure to one per cent level. The long-term target for our Return on Assets (RoA) is above 1 per cent," he said. Prakash further said that, "the broader objective would be to improve Bank's market share from 0.63 per cent to 0.75 per cent in .

Odisha govt allots land to businesses to fast-track investment proposals

The Odisha government allotted land to several industrial units to fast-track 13 investment proposals worth Rs 766 crore, an official release said