News | Pixr8 News

Save 46 percent Tax Using Digital Transaction- Indian Govt to Small Traders

21Dec By NitishNo Comments

INDIA, News

Save 46 percent Tax Using Digital Transaction- Indian Govt to Small Traders

Government today said small traders will be able to save up to 46 per cent in tax by migrating from cash to digital transactions as the decision to tweak the presumptive income norms would reduce tax liability. "Apart from making a tax saving of almost 46 per cent by migrating to banking mode, the small businesses would be able to build their books which may also help them get bank loans easily," the Finance Ministry said in a statement. Also, if transactions are carried out through banking channels, then anybody having annual turnover up to Rs 66 lakhs will have zero tax liability after availing the benefit of Section 80C, after amendment of this new rate structure, it said. Earlier in the day, Finance Minister Arun Jaitley said "The object is if you do transactions using digital m...

“4 Din Mai Bano Karobari (Businessman)” – PM Modi’s New Business Mantra

20Dec By PriyankaNo Comments

INDIA, News

“4 Din Mai Bano Karobari (Businessman)” – PM Modi’s New Business Mantra

Aiming to break into top 50 best countries to do business in, the government has identified areas requiring doing away with complex rules and simplifying procedures to enable businesses to start in four days flat. With India ranked poorly at 130th among 190 nations on the World Bank's Ease of Doing index, Finance Minister Arun Jaitley yesterday held a meeting to identify areas to improve the business climate and the country's ranking by cutting down on steps required to start a venture and make easy credit available. An eBiz portal will provide one-stop shop for dealing with matters related to the Ministry of Corporate Affairs as well as registrations of PAN/TAN and employee provident fund/employee insurance. "The Ministry of Corporate Affairs, CBDT, the Ministry of Labour and Employment ...

Indian Online Travel Portal Yatra.com Listed on Nasdaq Today

20Dec By NitishNo Comments

News

Indian Online Travel Portal Yatra.com Listed on Nasdaq Today

Online travel firm Yatra Online Inc has been listed on the American stock exchange, Nasdaq, under the ticker symbol "YTRA" with effect from today. Yatra said it has completed the transaction with Terrapin 3 Acquisition Corporation (TRTL), which will result in TRTL becoming a partially owned subsidiary of Yatra. As a part of this process, Yatra has raised more than USD 92.5 million of primary capital from global investors, and the merged entity, 'Yatra Online Inc', will continue to be led by Yatra's management team, Yatra Online Inc said in a statement. Commenting on the development, Yatra Co-founder and CEO Dhruv Shringi said: "It's a matter of great pride for us to be one of the few Indian companies to be listed on Nasdaq". Over the course of the past decade, Yatra has established i...

Kalyan Jewellers Launches Sanskritimatrimony.com, an Intuitive Matchmaking Website

20Dec By PriyankaNo Comments

News

Kalyan Jewellers Launches Sanskritimatrimony.com, an Intuitive Matchmaking Website

India's largest jewellery chain, Kalyan Jewellers will now be making inroads into the marriage industry with its new initiative Sanskritimatrimony.com. With this unique matchmaking website, the wedding jewellery brand intends to simplify one's search for a life-partner. Sanksritimatrimony.com promises to quicken the search for the perfect match through a slew of unique functionalities. Built with proprietary algorithms, the website's Compatibility Meter has been designed to help connect individuals with the most compatible matches. Matches are made based on varied criteria ranging from basic ones such as age, gender, etc., to cultural, psychological factors. Speaking about the new launch, a company spokesperson stated, "Kalyan Jewellers has been a household name for many years. For d...

19Dec By NitishNo Comments

News

Paytm vs Paypal – A Legal Battle Over Logo

California based payment startup PayPal has filed a trademark infringement case against Indian leading e-wallet company Paytm. The company which was founded by Elon Musk and Peter Thiel in 1998, used a two-toned blue colour scheme for its logo and has alleged that Paytm has used the same pattern to exploit Paypal's "global reputation and grow its user base." PayPal in its notice states, “Such adoption and/or use of the impugned mark is likely to cause confusion and deception amongst members of trade and public in that they will mistakenly believe that the services under the impugned mark originate from the Opponent [PayPal] or that the Applicant [Paytm] is affiliated or connected with the Opponent, which is not the case.” However, many seems this tactics as a promotional marketing be...

Fintech Startup Lendingkart Expected to Disburse Rs 1,600 Cr Loan By 2017 End

19Dec By NitishNo Comments

News

Fintech Startup Lendingkart Expected to Disburse Rs 1,600 Cr Loan By 2017 End

Fintech startup Lendingkart Group expects an exponential rise in working capital loan demand from small businesses and estimates to disburse Rs 1,600 crore by 2017-end through its NBFC arm Lendingkart Finance, a company official said. The company, which caters to small businesses generating revenues of Rs 1-15 lakh per month, disburses loan through digital channel, Lendingkart Group Co-Founder and CEO Harshvardhan Lunia said. "As a platform that leverages the power of mobile and web technologies, we have no geographical constraints. We have disbursed loans of Rs 400 crore since inception in 2014. In next one year, we are looking at a growth of four times at Rs 1,600 crore," Lunia said. Simple processes and flexible offerings make it a lender of choice, hence a multi-fold growth ov...

Moglix, a Leading B2B Commerce Company Launches GST Technology for the Manufacturing Sector

19Dec By AdityaNo Comments

News

Moglix, a Leading B2B Commerce Company Launches GST Technology for the Manufacturing Sector

Leading B2B commerce start-up Moglix, today announced the launch of its GST (Goods and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology (business.moglix.com) to file indirect taxes seamlessly, while maintaining a close vigil on the 100% reconcilability of the entire value chain. Recently, Moglix partnered with a couple of GSP applicants to demonstrate its GST technology to the GSTN (Goods and Services Tax Network) panel for taxpayers and businesses to achieve 100% compliance. Moglix has been working with 200+ large enterprises and 40,000+ SMEs on their supply chain and B2B commerce, powering them with its integrated digital supply chain technology....

SBI in Association With BSNL Launched Digital Wallet ‘State Bank MobiCash’

17Dec By PriyankaNo Comments

News

SBI in Association With BSNL Launched Digital Wallet ‘State Bank MobiCash’

The country’s largest lender State Bank of India (SBI), in partnership with Bharat Sanchar Nigam Limited (BSNL), Saturday launched its mobile wallet application ‘State Bank MobiCash’ for feature as well as smartphones. The new wallet services will initially be available in Punjab, Rajasthan, Haryana and Bihar and expanded pan-India by the end of December. MobiCash will allow users to deposit cash through BSNL retail outlets and withdraw funds from their account. SBI already has an application named SBI Buddy for smartphone users. With the large network of BSNL and SBI, this wallet will reach the remotest areas of the country, in line with the government's digitisation mission, said Finance Minister Arun Jaitley who launched the wallet. быстрый займ без отказа на картузайм по см...

Paytm Alleges Customers Cheated 6.15 Lakh, CBI Registers FIR

17Dec By NitishNo Comments

News

Paytm Alleges Customers Cheated 6.15 Lakh, CBI Registers FIR

CBI has registered an FIR against some customers of digital wallet Paytm on the company's complaint that it has allegedly been cheated to the tune of Rs 6.15 lakh by customers based here. It is rare for the agency to take up such cases unless they have been referred by the central government or there are directions by the Supreme Court or a high court. CBI has registered FIR against 15 customers who are residents of Kalkaji, Govindpuri and Saket besides unknown officials of One97 Communications--parent company of Paytm. The complaint from the Manager Legal, M Sivakumar, claimed that the company makes payment for defective products received by a customer and also arranges a reverse pickup of the damaged product which is sent to the merchant. The process is done by a team of custome...

Indian Govt Will Release Aadhaar Linked e-payments App Soon

17Dec By AdityaNo Comments

INDIA, News

Indian Govt Will Release Aadhaar Linked e-payments App Soon

Government will soon launch a mobile application to facilitate Aadhaar-linked digital payments and roll out a nation-wide programme to train over 1 crore people on e-payments. "We are going to promote Aadhaar-enabled payment system (AEPS) in coordination with Finance Ministry. About 40 crore bank accounts have been linked to Aadhaar," IT and Law Minister Ravi Shankar Prasad told reporters today. He said that the government is working on a plan to connect rest of the accounts with Aadhaar numbers. He said that there are biometric devices which can be connected to smartphones and convert a smartphone into a Point of Sale (PoS) machine. "We are developing a UPI enabled mobile application. It will be available in 2-4 days. Customer feed Aadhaar number, scan finger on the biometric,...

Trivago Announces Pricing of Shares Under IPO

16Dec By PriyankaNo Comments

News

Trivago Announces Pricing of Shares Under IPO

Trivago, a global hotel search platform, today announced the pricing of its initial public offering of 26,110,118 American depositary shares (ADSs) representing Class A shares of its affiliate, travel B.V.* (the Company) at $11.00 per ADS. The Company is selling 18,110,091 ADSs, and certain shareholders of the Company are selling 8,000,027 ADSs in the offering. The Company and the selling shareholders have granted the underwriters the option to purchase up to an additional 3,916,517 ADSs at the initial public offering price less the underwriting discount. The ADSs are expected to begin trading on The NASDAQ Global Select Market under the ticker symbol "TRVG" on December 16, 2016. The offering is expected to close on December 21, 2016, subject to customary closing conditions. Found...

mCanvas Launches High Impact Scroller For Mobile Websites

15Dec By PriyankaNo Comments

News

mCanvas Launches High Impact Scroller For Mobile Websites

mCanvas today launched Scroller, a high impact mobile ad unit that enables brands to deliver storytelling ads to millennials in a polite, non-intrusive manner. The Scroller has been in the beta for three months and is now available on the mCanvas marketplace, which consists of premium content websites in India. When a user scrolls while reading an article, the ad unit interestingly reveals the brand's message within a horizontal window. The brand's message is placed in the background and stays pinned in a fixed position while the website content moves over it. . Tapping on the unit will redirect the user to a brand's URL or can expand to deliver a brand's story via rich media and/or video innovations. The unit is designed to be 100% viewable. "Countless research studies indicate that...