Entrepreneurial intention cannot reach actualization in the absence of a proper industrial and business atmosphere. The society and policymakers have to ensure that the environment for investment is conducive in terms of (1) socio-cultural and political supports, labour and industrial laws; (2) ease of processing and no harassment in registration and certification; (3) helping attitude … Read more
Honda Motorcycle and Scooters India (HMSI) introduced a voluntary retirement scheme on Tuesday as it seeks to “realign its production strategy” and improve overall efficiency in these “uncertain times,” the company said in an internal circular to its employees. Employees above the age of 40 or who have completed 10 years in the company are … Read more
Messaging giant WhatsApp has updated its privacy policy and terms of service to better integrate with other products and services offered by its parent company Facebook. The most prominent changes deal with how WhatsApp shares information with Facebook and its subsidiaries. The instant messaging app can now share phone numbers and transaction data with Facebook. … Read more
Udaan, the business-to-business (B2B) e-commerce platform, has kick-started the new year with a fund-raise of $280 million, largely from its existing investors including China’s internet giant Tencent. Venture funds Lightspeed Venture Partners, DST Global, GGV Capital and Altimeter Capital are existing investors who have also contributed to this round. There are two new investors — … Read more
Investing in blockchain technology has become hot due to its role as the database for cryptocurrencies and digital transactions. You can invest in blockchain technology via stocks of companies that offer cryptocurrency-related services or are developing other industrial applications for it. Despite its growth potential, blockchain technology should be seen as a high-risk investment. ETFs … Read more
“We believe that the valuation and position backdrop has become a lot more challenging for bitcoin at the beginning of the New Year,” JPMorgan said. At its current market cap of $575 billion, bitcoin would have to surge to $146,000 to match the total private sector investment in gold via ETFs or bars and coins, … Read more
The cratering economy at the start of the pandemic led to a dropoff in funding rounds for seed-stage companies, according to deals databases PitchBook, Crunchbase, and CBInsights. But anecdotally, early-stage investors say they can barely keep up with their deal flow. One reason for the discrepancy is that startups are calling their seed rounds by … Read more
Indian automakers replenished stocks before the new year, helping wholesale auto sales witness healthy growth. Inventory was lower than usual for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months, industry executives said. They said spillover demand from the festive season and inventory refilling would drive demand for passenger vehicles … Read more
The Comptroller and Auditor General of India (CAG) has written to the finance ministry seeking details about the ongoing performance audit of government’s massive recapitalisation excercise of public sector banks (PSBs). CAG is doing performance audit on recapitalisation of PSBs after 2016-17 and it has written a letter to the Department of Financial Services, Ministry … Read more