Business & Finance

  • HBR.org 13 hours 56 min ago
    • Top teams need to navigate greater complexity and uncertainty than teams lower on the org chart.
    • Perhaps that’s why we found the highestperforming senior teams are those that recognize and skillfully navigate three key tensions.
    • Highperforming teams realize 10% greater market share and report 22% better performance when it comes to developing new products.
    • The best teams do not lose the focus of the external world when getting pulled into internal transformations, change, and turmoil.
    • However, the nuance that emerged from our research suggests that topperforming senior teams manage the tension between leading and directing innovation while also engaging and empowering the broader organization.
  • money 18 hours 5 min ago
    • Most people look only at the returns that an investment vehicle gives.
    • It is, however, important to consider the taxation rules as well since this will reduce the overall returns.
    • Here’s a look at some of these.
  • money 1 day 1 hour ago
    • Mumbai:The BSE Sensex opened lower on Tuesday against the previous session’s closing.
    • The shares of Tata Motors, Sun Pharma and Tata Steel rose, whereas the shares of Coal India and L&T fell.
    • Around 32.35 million shares or 1.12% stake of the company changed hands in a block deal, according to a Bloomberg report.
    • However, Hong Kong dollar was up 0.19%, Japanese yen 0.08%, Singapore dollar 0.06%, Philippines peso 0.06%, Thai Baht 0.05%.
    • The dollar index, which measures the US currency’s strength against major currencies, was trading at 91.929, down 0.13% from its previous close of 92.047.
  • money 1 day 1 hour ago
    • Mumbai: The rupee on Tuesday weakened marginally against the US dollar, ahead of the US Federal Reserve meeting.
    • At 9.15am, the rupee was trading at 64.16 a dollar, down 0.05% from its Monday’s close of 64.08.
    • The 10year bond yield was at 6.602% compared to its previous close of 6.610%.
    • However, Hong Kong dollar was up 0.19%, Japanese yen 0.08%, Singapore dollar 0.06%, Philippines peso 0.06% and Thai baht rose 0.05%.
    • The dollar index, which measures the US currency’s strength against major currencies, was trading at 91.929, down 0.13% from its previous close of 92.047.
  • Moneycontrol Business News 1 day 1 hour ago
    • Reliance Group firm UNLIMIT and US IT firm IBM on Monday announced that they have entered into a partnership to jointly develop internetofthings solutions.
    • IoT solutions comprise products that can be operated using the internet from anywhere in the world like cars, air conditioners, surveillance, etc with internet connectivity.
    • "IBM and UNLIMIT will cocreate IoT solutions for specific industry verticals, including automotive, insurance, utilities, and industrial automation," both the companies said in a joint statement.
    • UNLIMIT and IBM are also developing IoT solutions for implementation across Reliance Group companies addressing key segments such as – user based insurance (Reliance General Insurance), asset and vehicle Tracking (Reliance Commercial Finance), tower monitoring (Reliance Communications) and transformer maintenance (BSES and Reliance Energy), the statement said.
    • As part of the collaboration, IBM will provide its Watson IoT Platform to collect and connect data, including sensor data, from devices.
  • Moneycontrol Business News 1 day 2 hours ago
    • Aiming to make REITs and InvITs more attractive to investors, capital markets regulator Sebi on Monday relaxed norms to allow these trusts to raise funds by issuing debt securities.
    • This will be allowed for REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) which are listed on national stock exchanges.
    • The Sebi board has decided to have further consultations with the stakeholders on a proposal to allow REITs to invest at least 50 per cent stake in the underlying holding company.
    • Sebi has also decided to amend the definition of 'valuer' for both REITs and InvITs.
    • Regarding REITs, Sebi has allowed 'strategic investors' like registered NBFC, scheduled commercial bank, and international multilateral financial institutions to participate in the public issues of such trusts.
  • Moneycontrol Business News 1 day 2 hours ago
    • The growth was primarily on the back of 10.9 lakh new folios added to the equity category (including equitylinked saving schemes) and another 2.36 lakh new folios to the balanced category, the report noted.
    • Folios are numbers designated to individual investor accounts, though one investor can have multiple accounts.
    • The ELSS category, being a popular taxsaving instrument among investors, alone added 1.21 lakh new folios between AprilAugust 2017.
    • The growth has come on the back of awareness campaigns by AMCs and industry body Association of Mutual Funds in India (Amfi).
    • Overall, the assets under management (AUM) of the MF industry, comprising 42 players, reached an alltime high of Rs 20.6 lakh crore in Augustend from Rs 19.97 lakh crore at the end of July.
  • Moneycontrol Business News 1 day 2 hours ago
    • Online restaurant guide and food ordering firm Zomato on Monday said it has become a profitable company.
    • "Zomato is now a profitable company.
    • Yes, throughout the 24 countries where we operate, and across all our businesses, we are starting to make money," Zomato Founder and CEO Deepinder Goyal said in a blog post.
    • The new businesses for the company include online food ordering, table reservations, Zomato Gold and Zomato Base among others, Goyal said.
    • To mark the occasion, "We are rolling out a token of appreciation for restaurant owners and small business owners on our food ordering network in India.
  • Moneycontrol Business News 1 day 3 hours ago
    • The government hiking tax on large cars is an incentive for small car sales.
    • This is making global companies like Honda defocus on India even as the Japanese car maker lines up investment for next gen technologies such as electric, hybrids and fuelcell.
    • Too much promotion of small cars creates imbalance and it is always better for the consumer to have a balanced tax structure for small and big cars," Yoichiro Ueno, president and chief executive, Honda Cars India told Moneycontrol.
    • Under the Goods and Services Tax (GST) prices of all passenger vehicles (small cars, sedans, SUVs) dropped in the range of 215 percent.
    • The focus on small cars has hurt other companies as well as.
  • money 1 day 3 hours ago
    • Yet market strategists aren’t too worried about attention being diverted from the secondary market, which is hovering near record high levels.
    • In fact, it is a surging secondary market that is encouraging many companies to hit the equity market for capital, as they eye better valuations.
    • Ltd’s IPO to raise to Rs5,700 crore opened on Friday, while life insurer SBI Life Insurance Co.
    • Ltd’s Rs8,700 crore IPO is scheduled to open on Wednesday. “With these kinds of issues you will get people who would put fresh allocations into India.
    • According to Credit Suisse, IPO issuances in FY18 are likely to be 35% higher than the peak seen in fiscal 2008.