Author: Arabian Media staff

Lateral Sparks, the weekly quiz from YourStory, tests your domain knowledge, business acumen, and lateral thinking skills (see the previous edition here). In this 197th edition of the quiz, we present issues tackled by real-life entrepreneurs in their startup journeys. What would you do if you were in their shoes? At the end of the quiz, you will find out what the entrepreneurs and innovators themselves actually did. Would you do things differently?Check out YourStory’s Book Review section as well, with takeaways from over 355 titles on creativity and entrepreneurship, and our weekend PhotoSparks section on creativity in the arts.…

Hello,India’s two biggest lenders are keeping the ball rolling on stellar first-quarter results.HDFC Bank, India’s largest private sector lender, posted first quarter profits that beat estimates despite increased provisions on its balance sheet. Net income rose 12% to Rs 18,155 crore in the three months ended June from a year earlier. ICICI Bank’s first-quarter profits also beat estimates, driven by growth in its business and corporate lending divisions. While overall bank credit growth has slowed in India, lenders are optimistic about a recovery following the RBI’s move to cut rates by 100 basis points since February.On the investment side of things, SEBI…

Launched in 2014, PhotoSparks is a weekly feature from YourStory, with photographs that celebrate the spirit of creativity and innovation. In the earlier 885 posts, we featured an art festival, cartoon gallery. world music festival, telecom expo, millets fair, climate change expo, wildlife conference, startup festival, Diwali rangoli, and jazz festival.In this photo essay, exhibitors from the India Art Festival (IAF) in Hyderabad share insights on the different genres of art, how their styles evolved, and what success could mean for them. IAF’s next edition this year will be in New Delhi in November (see our coverage of earlier editions here). Hyderabad-based artist Sushmitha Singh has a background in fashion design. “But I consider…

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Managing business finances often means balancing long-term growth with day-to-day operations. For business owners who are looking to invest in the stock market without dedicating hours to research or hiring a financial advisor, platforms like Sterling Stock Picker offer a more structured approach to portfolio management, and it’s only $55.19 to get lifetime access (reg. $486).How does Sterling Stock Picker work?Sterling Stock Picker…

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Businesses that use mobile push notifications see up to an 88% boost in app engagement, while 65% of users come back within 30 days when push is enabled, according to data from conversion rate optimization firm Invesp. That kind of retention is every entrepreneur’s dream—and Feedify makes it easy to tap into.Feedify puts a full suite of engagement tools into one sleek, cloud-based…

Markets regulator Securities and Exchange Board of India (SEBI)on Friday proposed to review the categorisation of mutual fund schemes in a bid to improve clarity and address the issue of overlap in portfolios of schemes.The proposal came after Sebi noted a significant overlap of portfolios in some schemes and felt the necessity to introduce clear limits to the industry to avoid schemes with similar portfolios.In its consultation paper, Sebi suggested that mutual funds should be permitted to offer both value and contra funds, subject to the condition that no more than 50 per cent of the schemes’ portfolios would overlap…

Jio Financial Services Limited (JFSL) and Allianz Group of Germany, through its wholly-owned subsidiary Allianz Europe B.V., have entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India.The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv.The reinsurance partnership will bring together JFSL’s deep local expertise and robust digital footprint with Allianz’s strong underwriting and global reinsurance capabilities, said a joint statement. The joint venture will leverage Allianz’s existing Allianz Re and Allianz Commercial portfolios and activities in India. It will…

The new Shein India app, selling fast fashion, has crossed 2 million app downloads within six months of re-launch and now has over 20,000 live options, according to the latest earnings report from Reliance Industries.Reliance Retail also witnessed a “strong pick up” in its daily orders from its quick-commerce platform, “with 68 per cent Q-o-Q growth and 175 per cent Y-o-Y growth”. Its operations were scaled to 4,290 pin codes serviced by 2,200-plus stores in 1,000-plus cities, said Reliance Industries.Reliance Retail, the country’s largest retailer, entered into the quick-commerce space in October last year, challenging Blinkit and Swiggy Instamart in…

Union Electronics and Information Technology Minister Ashwini Vaishnaw has said that the country’s first indigenous semiconductor chip would be rolled out this year.Speaking at the 85th foundation day celebrations of Keshav Memorial Educational Society in Hyderabad, he said India is going to become one of the most important semiconductor nations in the world.Today, some of the most complex chips are designed in cities, including Hyderabad, Bengaluru, Pune, Gurugram and Chennai, he said.”Now, we are starting the manufacturing of semiconductor chips. We have already approved six semiconductor plants. Their construction is going on. We will have the first made-in-India chip in…

AceVector, parent company of ecommerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator SEBI to raise funds through an initial public offering (IPO).YourStory reported earlier this week that the firm was in the late stages of finalising and filing its draft red herring prospectus (DRHP) to raise Rs 500 crore through a public offering. Entrackr was the first to report on this matter. In a public announcement on Saturday, AceVector stated that it has submitted “the pre-filed draft red herring prospectus with SEBI and the stock exchanges …in relation to the proposed initial public offering of its equity…