Armed with a license to set up a Non-Banking Finance Company, Peter Kerkar - Group CEO of Cox and Kings - is looking to "transform lives". The soon-to-be launched unit will start retailing holidays and student loans."We are making aspiration travel affordable...That is the intrinsic purpose of making this NBFC Synergy," Kerkar told Moneycontrol in an interview.Apart from starting the new arm, the country's largest travel company will demerge and list its forex arm. "This will make us the one-stop shop for all travel needs," said Kerkar.Close Excerpts: related news Essar Steel insolvency: Supreme Court sets aside NCLAT judgement, gives upper hand to banks Jet Privilege goes for brand revamp; to be known as 'InterMiles' Ideas for Profit | Berger Paints: Valuations look glossy, time to book gains Q. Now that you have got the NBFC license, what is your proposition?A. Our proposition is simple. We are going to be in the retail lending section, particularly in … [Read more...] about ‘With an NBFC, we will be one-stop shop for travelers,’ says Cox & Kings CEO Peter Kerkar
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Santosh MeenaThe overall market trend is bullish, where 11,880-11,840 is the first strong support area that the bulls will try to protect.If the Nifty breaks below 11,840, then the next crucial support will at 11,700, which will be a sacrosanct support level for fresh entry to ride the current uptrend.Close On the upside, the 12,000-12,100 level is the first supply area. Once, the Nifty will take out 12,100 level on the upside, bullish momentum will pick up for the immediate target of 12,300 and then 12,500. related news Market Headstart: Nifty50 seen opening higher; Bharti Airtel, ONGC eyed Gold, Silver price today trade flat amid mixed signals on trade negotiations Market Headstart: Nifty50 seen opening flat; real estate stocks will be in focus Here are top two stocks that can give 7-27 percent return in the next one to three weeks:ICICI General Insurance: Buy| CMP: Rs 1,374| Target: Rs 1,475| Stop loss: Rs 1,280| Upside 7 percentThe stock has come out from its 5-months of … [Read more...] about Time to buy this smallcap? IOL breaks out from double-bottom pattern
As legalization spread throughout the states, marijuana emerged as the big new food ingredient of 2014. In Seattle, a marijuana restaurant opened for customers. Don’t want to make the trek? Residents of states where marijuana is legal can also get a buzz from Legal’s line of cannabis-infused beverages. Meanwhile, Rohan Marley, one of Bob Marley’s sons, attracted attention last year not only for his new marijuana business, but also for his successful coffee company. advertisement advertisement A number of stories also examined the future of food, from Soylent-like meals and devices that can scan food for nutrients to grilled cheese delivered by parachute and other on-demand meals. In the meantime, Americans are still struggling to figure out the food system (we thought they might figure it out after last year’s list, but no)–in fact, most people don’t know what “organic” means even though they’re willing to pay more for it. … [Read more...] about The 11 Most Delicious Food Stories Of 2014
Home for the holidays takes on a whole new, depressing meaning when businesses layoff employees during December. advertisement advertisement Losing your livelihood during the “happiest time of the year” is pretty awful for employees, so why would a company be so Scrooge-like? We asked several HR professionals to weigh in on whether or not it’s acceptable, or advisable, to conduct layoffs during the holiday season, and if so, how to do it compassionately. They had a lot to say. Why Companies Conduct Layoffs During The Holidays The vast majority of organizations run on a calendar year budget, explains Steve Spires, a managing director of outplacement solutions with BPI group, and year-end coincides with the need to achieve year-end numbers. “Business cycles are agnostic, and focused on results without bias, emotion, nor sentimentality,” says Jason Hanold, managing partner at executive search firm Hanold Associates. Because companies may want to … [Read more...] about Fired For The Holidays: Is It Acceptable For Businesses To Downsize In December?
Merit is supposed to cut across everything, determining who reaps the most rewards and who leads in business. Gender shouldn’t matter. But of course it does. advertisement advertisement “Gender is under the surface, or not so much under the surface,” says Howard Aldrich, head of the sociology department at the University of North Carolina at Chapel Hill. “When taken into account, it can distort the effects of merit. Instead of having the discussion of who will take the lead, these things tend to just bubble up.” There’s been a lot of discussion lately about the paucity of women who snag venture capital to start their own companies, the few women in positions of authority in the cliquey tech sector, as well as the low percentage of women holding corporate board seats–only 16.9% in the United States–according to Catalyst, a research group studying opportunities for women in business. Broadly, 30% of all U.S. businesses are … [Read more...] about Why Women Often Don’t Lead The Companies They’ve Founded