Category: BUSINESS

Brand Nexa, which has become the third largest automobile retail brand in five years since inception in July 2015, is arguably one of the best examples of how customer-centricity can create a premium brand. Nexa, the premium retail brand from the automotive leader Maruti Suzuki, commands a little over 11 per cent of the car market volume and contributes more than 20 per cent of Maruti’s annual volumes, grossing over 30,000 units per month even in this downturn. “Nexa marks the first initiative by a carmaker here to go beyond…

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Domestic equity benchmark Sensex declined over 100 points in opening session on Friday tracking losses in index-heavyweights HDFC twins and Reliance Industries amid negative cues from global equities. The BSE Sensex was trading 116.84 points or 0.31 per cent lower at 37,619.23; while the NSE Nifty was down 27.70 points or 0.25 per cent at 11,074.45. HDFC was the top loser in the Sensex pack, falling around 2 per cent, followed by Kotak Bank, HDFC Bank, Reliance Industries, Tata Steel and Nestle India. On the other hand, HCL Tech, TCS,…

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The rupee fell 7 paise to 74.87 against the US dollar in opening trade on Thursday after the US Federal Reserve reiterated its dovish stance and held interest rates steady. At the interbank forex market, the rupee opened at 74.84, then lost further ground and touched 74.87 against the US dollar, down 7 paise over its last close of 74.80. “Fed policy statement was along expected lines. It acknowledged recent improvement in economic activity and financial conditions but said considerable risks to economic outlook remain over the medium term,” IFA…

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Technology giant Microsoft India has emerged as the country’s most attractive employer brand, followed by Samsung India and Amazon India in the second and third place, respectively, says a survey.   According to Randstad Employer Brand Research (REBR) 2020, Microsoft India scored high on financial health, strong reputation and utilisation of the latest technologies. The REBR revealed that in 2020, work-life balance emerged as the top Employee Value Proposition (EVP) driver for the Indian workforce while choosing an employer as it was cited by 43 per cent respondents, followed by…

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The rupee appreciated 14 paise to 75.28 against the US dollar in early trade on Wednesday tracking weakness in the greenback and gains in the domestic equity market. Forex traders said, investor sentiment strengthened after the human clinical trials for COVID-19 vaccine were initiated in India. The rupee opened at 75.35 against the US dollar, then gained further ground and touched 75.28 against the US dollar, up 14 paise over its previous close. It had settled at 75.42 against the greenback on Tuesday. The Indian Council of Medical Research (ICMR)…

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Equity benchmark Sensex dropped over 300 points in early trade on Tuesday, dragged by losses in financial stocks amid selloff in global markets. After touching a low of 36,339.07, the 30-share BSE Sensex was trading 277.05 points, or 0.76 per cent, lower at 36,416.64. In similar movement, the NSE Nifty fell 74.85 points, or 0.69 per cent, to 10,727.85. Shares of the HDFC duo led the fall in the indices, shedding up to 3 per cent, after HDFC Bank said it has launched a probe into its auto lending practices…

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Equity benchmark Sensex rallied over 400 points in early trade on Monday, tracking gains in index-heavyweight Reliance Industries and strong signals from global markets. Reclaiming the 37,000 level in opening session, the 30-share BSE Sensex was trading 413.03 points, or 1.13 per cent, higher at 37,007.36. In similar movement, the NSE Nifty surged 123.35 points, or 1.15 per cent, to 10,891.40. Reliance Industries was the top gainer in the Sensex pack, jumping over 2 per cent to hit its record high of Rs 1,938.80 per share, after the company said…

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After Facebook Inc, Reliance Industries has closed deals to sell a minority stake in its digital arm to four other investors, receiving a total of over Rs 30,062 crore. In a regulatory filing, Reliance said it has closed sale of 6.13 per cent stake in Jio Platforms with L Catterton, The Public Investment Fund, Silver Lake and General Atlantic. Reliance had sold a total of 25.09 per cent stake in the subsidiary which houses India’s youngest but largest telecom firm, Jio, to 11 investors for Rs 1,17,588.45 crore. It had…

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Equity benchmark Sensex dropped over 173 points in early trade on Friday, dragged by losses in financial stocks amid negative cues from global markets. After touching a low of 36,526.22 at open, the 30-share BSE Sensex was trading 173.77 points, or 0.47 per cent, lower at 36,563.92. The NSE Nifty was down 39.05 points, or 0.36 per cent, at 10,774.40. IndusInd Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by Tech Mahindra, HDFC, Titan, Axis Bank, M&M, HDFC Bank and ICICI Bank. On…

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A group of 58 Indian-origin executives heading companies across 11 countries, including the US, Canada and Singapore, collectively employ more than 3.6 million people and account for a combined USD 1 trillion in revenue, according to a US-based top Indian diaspora organisation. Indian-origin business leaders are reaching the pinnacle of corporate success in greater numbers than ever, many use their platforms for social change advocacy, said Indiaspora, a nonprofit organisation of global Indian diaspora leaders from various backgrounds and professions. The Indiaspora Business Leaders List of 58 executives head companies…

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