Contribution of the country’s small towns to mutual funds asset base surged 46 per cent to Rs.3.5 lakh crore by June-end due to initiatives taken by markets watchdog Sebi and the sectoral regulator Amfi. Mutual funds’ assets under management (AUM) from B15 locations – small towns beyond top 15 (T15) ... Read More »

State-owned Oil and Natural Gas Corp (ONGC) has sought pricing and marketing freedom to help bring to production a one-trillion cubic feet gas discovery that will open up a new sedimentary basin after over three decades. ONGC, which has opened for commercial production six out of India’s seven producing basins, ... Read More »

The latest edition of Small Business Trends magazine is now available for download. Get your copy right now by clicking here. This month, we’re tackling the cloud. Sounds like an impossible task — tackling a cloud, that is. For a lot of small businesses, it sounds like a lot more difficult ... Read More »

German carmaker Audi is offering a free software upgrade for 850,000 diesel cars in order to improve emissions. Audi said the upgrade would “improve emissions behaviour in real driving conditions further beyond existing legal requirements”. The carmaker added it was convinced the programme would counteract possible bans on diesel cars. ... Read More »

In the current format, the government’s anti-profiteering rules on the goods and services tax (GST) raise more questions than answers. While the intent is to curtail inflation post-GST implementation, the notification suffers from a lamentable lack of clarity on many aspects, increasing uncertainty for businesses. To begin with, the law ... Read More »

Canadian auto supplier Magna International Inc will produce BMW’s new 5-series plug-in hybrid at its Austrian factory, the company said on Monday, part of a strategy to produce electric cars on a contract basis for global automakers. The BMW 530 plug-in hybrid will be manufactured beginning this summer at Magna’s ... Read More »

A few nationwide headlines over the past couple of weeks could have small business implications — or at least lessons to be learned. The United Airlines PR disaster is one that might not impact small businesses directly. But it can still teach businesses a few valuable lessons about how to ... Read More »

ITC shares gained over 6 per cent to a fresh 52-week high of Rs. 304.80 on the National Stock Exchange on Monday. Including today’s gains, ITC shares have surged nearly 10 per cent in two trading sessions. ITC shares have witnessed buying after the Goods and Services Tax or GST ... Read More »

Two prominent City of London figures have warned EU leaders about the dangers of stripping London of the lucrative euro clearing trade after Brexit. A proposed move could cost investors €100bn (£83bn) over five years, Xavier Rolet, chief executive of the London Stock Exchange, said on Monday. Seperately, Michael Spencer, founder ... Read More »

  Once India’s global claim to fame, the country’s information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant.   The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset ... Read More »

Facebook’s growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software. Facebook reported on Wednesday that 98% of its quarterly revenue came from ... Read More »

A man looks at motherboards displayed at the AMD booth during the Computex 2011 computer fair at the TWTC Nangang exhibition hall in Taipei May 31, 2011. REUTERS/Pichi Chuang/File Photo Advanced Micro Devices Inc (AMD.O) reported an 18.3 percent jump in quarterly revenue, largely in line with analysts’ estimates, but ... Read More »