Yes Bank may not give its approval for Blackstone Group's buyout of Coffee Day Group's Global Village Technology Park, Mint reports.Coffee Day Group promoters have a debt of around $1 billion, the report said. The proposed Rs 2,800-crore sale of Global Village Technology Park is expected to help the group service some of its debt.Yes Bank is the single-largest lender to Coffee Day Group, with an exposure of Rs 1,500 crore, the report said.Close “Almost all statutory approvals, including the Karnataka government’s nod, have come, except for Yes Bank’s NOC (no-objection certificate)," a source told the paper. related news Nearly 500 CCD outlets shut down across India since April: Report Coffee Day Enterprises executes definitive agreement with Blackstone Group for tech park sale at Rs 2700 crore Blackstone Group signs definitive agreement for Coffee Day's tech park: Report Moneycontrol could not independently verify the report.Yes Bank, Coffee Day … [Read more...] about Coffee Day lender Yes Bank may block Blackstone deal: Report
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A small quiz to begin with.Which of these two indices do you think has done better over the last 15 years - the BSE Sensex or the BSE Small Cap index?Well, the answer is not as straightforward as it appears. The small cap index is made of smaller, fast growing companies. Hence, there’s a strong chance the small cap index would have done well.Close However, what is equally true is that the failure rate amongst small cap companies is also higher. More small cap companies fail than blue chips. related news India's electricity demand falls for fourth straight month: Government data Industry co-sharing the panacea to improve sustainability of India's supply chain Aadhaar mandatory for getting PM-Kisan benefits from December onwards: Centre And this cancels out the strong gains a few manage to achieve over the years. Therefore, it appears that the Sensex must have done better.Well, here's the answer in the form of their movement over the years.At first brush, it appears that … [Read more...] about Double Your Income series: Blue chips are passé, small caps will be the winners of 2020
Think about the roles and responsibilities in your office. There are probably people you think of as “creative”—maybe those in product or graphic design, marketing, and even sales. Then there are those who don’t immediately spring to mind when that word is used. advertisement advertisement But thinking about people—or yourself—as “not creative” could be hurting your company, because you’re discouraging them from thinking in innovative ways before they can even do so, says Mark Prommel, a partner at Pensa, a Brooklyn-based design and invention firm. “Ideas and the creative execution of those ideas comes from anyone, anywhere,” he says. Does your workplace have creative designations? Use these six tips to create a culture where everyone’s creativity is stoked. Habit No. 1: Banish “Yeah, But” If Leslie Ehm, president and “chief fire starter” at Toronto creativity training firm … [Read more...] about 6 Creativity Habits For People Who Think They’re Not Creative
We know that the world’s poor feel the effects of climate change most acutely, but it turns out there is an even more vulnerable subset to that population: women. advertisement advertisement “Women and men do not experience climate change in the same way,” says Lorena Aguilar, senior advisor in the global gender office of IUCN, an international development NGO. Aguilar is one of a relatively small group of NGO leaders and diplomats that are advocating for greater inclusion of women at all levels of climate change work, and were pushing for gender equality and human rights mandates to be embedded in the final Paris agreement–ultimately to no avail. The UNFCCC designated December 8 as “gender day” at the conference, with a series of talks organized and reports released to help highlight work on the issue, but those involved in the negotiations say the final agreement fell well short of any meaningful commitment to address climate … [Read more...] about Are Women The Key To Solving Climate Change?
On a corner in downtown El Paso, a sleek steel structure stands out on an avenue of warehouse complexes. The newly refurbished 50-year-old building rises above the dramatic red mountain skyline and a busy highway intersection that leads to Juarez, Mexico. advertisement advertisement It’s home to the Hotel Indigo, a new boutique inn whose industrial chic decor captures the region’s past and future: Cement floors and walls contrast with Southwestern-flavored cacti, adobe vases, and tapestries. The hotel opened last year as part of a larger experiment. If you plant a cool place in a deserted downtown, will the area bloom? The answer appears to be yes. The Indigo has helped usher in a new era for the strip, which was once a vibrant commercial hub. In the last two years, the neighborhood has become flush with art galleries, restaurants, cocktail bars, and a new baseball stadium. Three other hotels … [Read more...] about The Hunt For The Next Portland: Hoteliers Bet Big On Small City America