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Category: Business

Lupin sells Japanese business Kyowa for enterprise value of Rs 3,702.4 crore

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

Lupin, India’s third-largest drugmaker on November 11 said it has entered into a definitive agreement for the sale of its entire stake in its Japanese subsidiary Kyowa Pharmaceutical Industry Co to Japan-based private equity firm Unison for an enterprise value of Rs 3,702.4 crore. Lupin will get net proceeds of $300 million from the sale, which will be used to pare debt and invest in core markets of the US and India. Under the terms of the agreement, Lupin’s subsidiary Nanomi B.V. will divest its entire stake (99.82 percent) in…

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LinkedIn launches ‘Open for Business’ globally for small businesses, freelancers

Loknath Das, , , , , , ,

Professional networking platform LinkedIn announced on Monday the global launch of Open for Business, a feature that allows freelancers and small business owners to add their services to their LinkedIn profiles, making them discoverable from a LinkedIn search. The feature is now live in India, following an initial roll-out in the US in July 2019, and is a great way for freelancers and small businesses to indicate they’re ‘Open for Business’. Open for Business allows small businesses and freelancers to showcase the services they provide, directly on their profiles. This…

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Spanish Justice Divided In Glovo’s Business Model

Loknath Das, , , , ,

MADRID, SPAIN – JULY 29: A rider of Glovo on his motorbike on July 29, 2019 in Madrid, Spain. (Photo by Eduardo Parra/Europa Press via Getty Images) EUROPA PRESS VIA GETTY IMAGES The Superior Court of Justice of Madrid (TSJM) has ruled that a deliveryman of the Spanish start-up Glovo is not a false self-employed. The ruling equals the number of sentences endorsing Glovo’s business model with the number of sentences in favor of the ‘riders’. The Spanish start-up, founded in Barcelona four years ago, has become an international platform…

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Why You Should Treat Retirement Like A Startup Business

Loknath Das, , , , , , ,

Have you ever worried if you’ll run out of money? Can you imagine a point where you might wonder how you might bring in that next dollar? Are you thinking you might have to cut expenses in order to stay afloat? Who do these anxieties describe? An entrepreneur? A retiree? Trick question! It’s both! More and more financial experts now recognize the similarity between living a comfortable retirement and running a sustainable business. And if you’re thinking of retirement, you just might want to pay attention to what they say.…

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10 Examples of Businesses That Could Inspire Your Next Business Idea

Loknath Das, , , , , , , , ,

Whether you’re interested in starting an online life coach business or developing technology for virtual reality or offering a decluttering service. Before you launch your business, here are 10 examples of different kinds of businesses you can gain insights and strategies from: 1. Hello Pretty Hello Pretty is the South African equivalent of Etsy. Etsy South African’s sell handmade items of all kinds, from clothing, jewellery, art, digital and even pet-related products. If you’re a creator, then this could be the business idea for you. Before you start designing your…

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Tata Motors Rating: Hold; Subdued performance across the business

Loknath Das, , , , , , ,

The outlook for India business is also hazy both on margin and volumes. Tata Motors (TML) reported a 35% underperformance in Q1FY20 consolidated Ebitda (down 41% y-o-y) due to lumpy cost at JLR and fall-off in India volumes. On JLR, management reiterated the 3–4% Ebit margin guidance for FY20 (despite a weak Q1) as: (i) the worst is behind in China; and (ii) marketing (VME) and warranty cost would reduce going ahead. The India business suffered from a sharper-than-expected downshift in demand, which management expects to improve ahead. However, demand outlook…

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