BACQ to provide loans, debt financing, business assistance to companies

BACQ to provide loans, debt financing, business assistance to companies

There is nothing new about the fact that Sachin Bansal had been in talks with RBI to understand the banking guidelines to reportedly open his own bank. Neither is his financial services agenda and NBFC investments and going bullish on fintech and agritech segment with BAC Acquisitions a breaking news. However, in the latest documents filed by the company with Registrar of Companies at Ministry of Corporate Affairs, certain changes were made to the Memorandum of Associations – a fundamental document on the basis of which a company has to operate. To elucidate, MoA…

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JSW Group enters paints business with ‘Any Colour, One Price’ USP

JSW Group enters paints business with ‘Any Colour, One Price’ USP

The $13 billion Sajjan Jindal-led JSW Group, operating in the core sectors of steel, energy, cement and infrastructure, is entering into paints business in India with JSW Paints. Claimed to be the first Indian conglomorate to enter into the paint business in the country dominated by domestic major Asian Paints, Kolkata-based Berger Paints or Japanese major Nippon, JSW Paints will manufacture and market both industrial coatings as well as decorative paints. In industrial coatings, JSW Paints commences operations with coil coatings and in the decorative paints segment, the company will…

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Tata Sponge finishes acquisition of Usha Martin Ltd’s steel business

Tata Sponge finishes acquisition of Usha Martin Ltd’s steel business

Kolkata: Tata Steel’s subsidiary Tata Sponge Iron on Tuesday said it has completed the acquisition of steel business of debt-ridden Usha Martin Ltd (UML), though transfer of some assets including mines and certain land parcels is pending. “This is to inform you that the Company has completed the acquisition of steel business undertaking including captive power plants, today (Tuesday) i.e. on April 9, 2019, pursuant to a cash consideration (after adjustment for negative working capital and debt like items) payable to UML of ₹4,094 crore, which is subject to further hold backs of ₹640 crore, pending…

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WhatsApp Business App now available on iPhone

WhatsApp Business App now available on iPhone

NEW DELHI: Facebook-owned WhatsApp Business, a free-to-download communication app specifically designed for small businesses, is now officially available for iPhone users in several countries including India. The WhatsApp Business app was launched for Android in January 2018. “Today we’re introducing the WhatsApp Business app for iOS. Like the Android version — which over the last year has been adopted by millions of businesses around the world — the WhatsApp Business app for iOS will be free to download from the Apple App Store,” WhatsApp said in a blog post on Thursday. Besides…

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6 handy tools to run your business from home

6 handy tools to run your business from home

When you are the sole caretaker of a business venture that you have founded and are working on it from home, because of lack of manpower, the efficiency of the business may be hindered. These handy tools will simplify all the core tasks for you and up your business game. 1. Invoice maker With GST the hassle of managing multiple taxes is gone, yet it is not easy to get a good invoice generator with support for GST in India. There are a few paid options such as Tally, QuickBooks etc. that work well, but as a…

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Repco Bank business crosses ₹15,000 crore

Repco Bank business crosses ₹15,000 crore

Repco Bank, a cooperative bank under the administrative control of the Ministry of Home Affairs, today announced that its business has crossed ₹15,000 crore in FY19, with total deposits of ₹8,669 crore and advances of ₹6,337 crore. Established in 1969 with the prime objective of rehabilitating repatriates from Sri Lanka, Burma and Vietnam, the bank has a unique reputation of catering to the repatriate community. With presence in 108 centres and 10-lakh customers, this cooperative sector bank has a strong financial net worth of around ₹800 crore. In the past five years, it has…

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Match made in business: Why self-employed people get more profile clicks on matrimonial sites

Match made in business: Why self-employed people get more profile clicks on matrimonial sites

Search databases show growing preference for self-employed as suitable matches on the back of the startup boom.  NEW DELHI: The boom in India’s startup sector may be having an unlikely outcome: a lot more people are now searching for entrepreneurs to say “I do”, say matchmaking websites. In India, matrimonial profiles of self-employed people have traditionally been preferred by the business community. But top executives of cyber services like Matrimony.comand Shaadi.com, which run searchable databases of matrimonial material, say entrepreneurs are garnering a lot more clicks across communities following the boom in the…

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Facebook content moderation is an ugly business. Here’s who does it

Facebook content moderation is an ugly business. Here’s who does it

Some of the workers saw video of a man being stabbed to death. Others viewed acts of bestiality. Suicides and beheadings popped up too. The reason for watching the gruesome content: to determine whether it should be pulled from Facebook before more members of the world’s largest social network could see it. Content moderators protect Facebook’s 2.3 billion users from exposure to humanity’s darkest impulses. Swarming through posts that’ve been flagged by other members of the social network or by the Silicon Valley giant’s artificial intelligence tools, they quickly decide what stays up…

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How To Amplify And Build A Powerful Brand For Your Business

How To Amplify And Build A Powerful Brand For Your Business

Meet Dillon Kivo, an American entrepreneur who set aside his reservations and took a chance on himself.NATE RADOWSKI Entrepreneurship has become the new American dream. Even though many people dream of location independence, financial freedom, and being their own boss, the fear of jumping off the corporate ship and into self-employment has kept many from making this a reality. Running a business is no easy task, and there are many insecurities looming over one’s head while considering the decision: what if I fail? What if I lose my savings? What if…

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GE chief Larry Culp sells biopharma business for $21 billion

GE chief Larry Culp sells biopharma business for $21 billion

Shares of General Electric Co surged 11 percent on Monday after the US industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion, its first major asset sale under new Chief Executive Officer Larry Culp. The deal will provide GE with a much needed cash infusion as the maker of power plants and aircraft engines struggles to pay off billions of dollars of debt and insurance liabilities. GE, once a symbol of American business power and management prowess, has struggled with crisis-era losses linked to…

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