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Category: Business

Indian Angel Network plans investment in around 150 startups

Loknath Das, , , , , , , ,

NEW DELHI: Venture capital consortium Indian Angel Network (IAN) is looking to invest in about 150 start-up firms in coming 4-5 years, a co-founder of the investment group said. “We have made six commitments as of now. In next 4-5 years, we have plans to invest in 100-150 firms,” said IAN co- founder Saurabh Srivastava. He said there is no shortage of funds at IAN and investors are looking at right opportunities. “We have funded in range of half a million to a million. Some has been to the tune of 3…

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Sorts of Business Communication Skills

Loknath Das

Business communication abilities are an every day division of the business strategy and their strong utilize can expand the likeliness of accomplishing achievement. Fruitful communication abilities are second-hand to express an exact message that the recipient can appreciate.   At what time considering how to manufacture a business triumphant, high-limit business society, high weight environment and bunches of cash may get closer to mind. Despite the fact that these angles may add to the go up of an industry, a combination of basic abilities is found up in supporting that…

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Britain’s biggest carrier Monarch Airlines shuts, leaving thousands stranded

Loknath Das, , , , , , , ,

Monarch Airlines collapsed on Monday, the biggest ever failure of a British airline, stranding tens of thousands of travellers overseas and prompting the country’s biggest-ever peacetime repatriation effort. Monarch cancelled about 300,000 future bookings and apologised to customers and staff as it became the UK’s largest carrier to go into administration. “I am so sorry that thousands now face a cancelled holiday or trip, possible delays getting home and huge inconvenience as a result of our failure,” Monarch Chief Executive Andrew Swaffield told employees in a message. “I am truly…

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AirAsia launches year-end sale, starting fare at Rs 1,299

Loknath Das, , , , , , ,

Budget carrier AirAsia India on Sunday rolled out a heavily discounted fares scheme, offering customers starting ticket prices as low as Rs 1,299 for domestic travel and Rs 2,399 for international flights for a limited period. The bookings under the offer commence from 12.01am on Monday and will remain in effect till October 15, for the travel between October 2 and March 31, a release said. As part of the year-end, AirAsia offers fares from as low as Rs 1299 for domestic travel on the AirAsia India network covering destinations…

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Blow for Reliance Communications as wireless unit merger with Aircel collapses

Loknath Das, , , , , , , , , ,

Embattled telecom company Reliance Communications Ltd faced another setback on Sunday after a deal to merge its wireless business with smaller rival Aircel was called off, raising fresh doubts around its debt restructuring plans. The company, widely known as RCom, said it had agreed with Aircel to call off the proposed deal due to regulatory delays and legal uncertainties. RCom has been trying to reduce its debt by 250 billion rupees by merging its wireless business with Aircel and by selling a stake in its mobile masts arm to a unit of…

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India replaces China as top retail destination in 2017: Study

Loknath Das, , , , , , , , ,

India has replaced China as the numero uno retail destination in 2017 as part of the global retail development index, according to industry experts. “India has replaced China this year as the top retail destination as part of the study on global retail development index,” AT Kearney partner Subhendu Roy said on the concluding day of the two-day India Retail Forum 2017. The change in ranking was an outcome of four factors including increased consumer spending, beyond essentials, rising mobile and internet penetration, favourable foreign investment climate and bold action…

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