money | Pixr8 News

Black Money Ka Black Magic – Balkrishna’s Wealth Story Has Something ‘Black’ says Expert!

14Sep By VishwadeepakNo Comments

News

Black Money Ka Black Magic – Balkrishna’s Wealth Story Has Something ‘Black’ says Expert!

Baba Ramdev close aide Acharya Balkrishna becoming one of the wealthiest persons of India has created a buzz. Business world, market analyst and financial experts have reacted cautiously but there are a few who spoke their mind. People are amazed to know that a saint, an Acharya has amassed 25,600 crore of wealth according to Hurun India Rich List 2016. Where does this come from and how did he do so? These were the questions asked by common man in the metro, in Bazar. We spoke to many expert and senior journalist about it. Some experts, with the condition of anonymity told Pixr8 about the alleged role of black money in the rise of Balkrishna’s wealth in particular, and Ramdev’s Patanjali Ayurved Limited in general. A financial expert and a journalist with a prestigious business channe...

Gurgaon Based RupeePower Eyes Rs 15 Cr Revenue in FY17

11Sep By NitishNo Comments

BUSINESS

Gurgaon Based RupeePower Eyes Rs 15 Cr Revenue in FY17

Financial products platform RupeePower expects to grow about 70 per cent this year, clocking Rs 15 crore in revenue as it expands its product portfolio and facilitates disbursal of Rs 10,000 crore in loans. The Gurgaon-based startup, which had sold a majority stake in the company to eCommerce major Snapdeal in April 2015, has bought back control in August this year. Snapdeal is now a minority shareholder in the company. "We want to become a platform to guide users in making the right investment choices. They (currently) get access to a number of products like loans and credit cards through our platform and using analytics based on their spending patterns, social media profile, we want users to be able to access the right financial products," RupeePower founder Tejasvi Mohanram said. H...

P2P Lending Platform i2ifunding Announces ‘Principal Protection Fund’

5Aug By NitishNo Comments

News

P2P Lending Platform i2ifunding Announces ‘Principal Protection Fund’

i2ifunding.com, leading peer-to-peer lending platform has announced first-of-its-kind investor protection fund, which will allow its investors to enjoy up to 100% protection against loan defaults. Speaking about the announcement of Principal Protection Fund, Vaibhav Pandey, Co-founder and CEO of i2ifunding.com said, "The principal protection fund is a step further in our commitment to build a healthy ecosystem. The investors on our platform now significantly reduce the risk of losing their principal because of a loan default. While we ensure that there are no defaults, even if they do happen, we will share the burden with the investors. With this fund, we have increased our skin in the game." The participation in the 'Principal Protection Fund' is available by default to all investors wh...

How Financially Ready Are You For Retirement?

1Jul By PriyankaNo Comments

ANALYSIS

How Financially Ready Are You For Retirement?

How will your retirement life look like? Have you thought anything about it? Most of us would give the answer in No. Most of us believe the idea of living in the present time and therefore, we end up ignoring the future. We splurge on things, and retirement planning is most often left for people above 45 or 50 years. According to the United Nations World Population Prospects, the 60-year segment in India is expected to reach 323 million by 2050. With increasing life expectancy and inflation rates, it becomes imperative to support one’s sunset years. Ensuring that your life remains comfortable, and all your family expenses are covered in the absence of regular earnings are the primary reasons saving for retirement is so essential. Here are the steps you need to follow to help y...

Fintech Start-up Launches Its App in India to Connect Travellers With Money Changers

28Jun By PriyankaNo Comments

News

Fintech Start-up Launches Its App in India to Connect Travellers With Money Changers

4xLabs, a fintech start-up, has expanded its regional operations to India with the official launch of its currency aggregator app, Get4x, in Mumbai. The location-based app, which was first launched in Singapore, allows travelers to search for the best foreign exchange rates being offered by money changers in cities like Bangkok, Hong Kong and Singapore. "We've had a lot of user requests to expand to more cities. Mumbai was a top choice as it's the financial hub of India. According to a recent survey, it is among the 20 most popular cities for tourists with 4.6 million overnight visitors," said Julien Labruyere, founder and CEO of 4xLabs. While other currency aggregators exist in India, most of them operate on a bidding model. Get4x is different, as it puts the power of choice directly...

13 Handy Tips to Travel the World with Almost No Money

21Jun By AnkitaNo Comments

BLOGS

13 Handy Tips to Travel the World with Almost No Money

As far back as I can remember I always wanted to become a globetrotter for whom the journey is more important than the destination. But the society advised me that uprooting my life to do so would stray me from the old path to success. And so, I settled for a ‘responsible’ path to adulthood: attend a college and find a decent job to build a comfortable life. But after making all efforts to adjust my poor soul in the corporate life, I quit. I was happy to be out of the rat race, but somewhere in deep; I had a fear for my next voyage. At that moment, I realized, dreaming is easy, but the hard part is jumping. After all, we all have responsibilities: bills to pay and mouths to feed. That's why many passionate travellers decide to become a digital nomad in order to achieve their travel...

18Jun By Press Trust of IndiaNo Comments

INDIA

India’s RBI Chief Raghuram Rajan Resigns, Industry Terms it Nations Loss

Buffeted by political attacks coupled with unending speculation over his continuance, RBI Governor Raghuram Rajan today said no to a second term in the post, a surprise decision the industry and opposition parties termed as nations loss. Ruling that his work on containing inflation and cleaning up books of the banks was "yet to be completed", Rajan said, "While I was open to seeing these developments through, on due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on September 4, 2016." Speculation has been rife over whether Rajan, former IMF Chief Economist known to have predicted the 2008 global financial crisis, would get a second term after BJP leader Subramanian Swamy launched a no...

Biz2Credit Partners With TaxSpanner,to Boost Financing Success

19Apr By AdityaNo Comments

BUSINESS

Biz2Credit Partners With TaxSpanner,to Boost Financing Success

Biz2Credit, a leading online resource in personal and small business finance, today announced a marketing partnership with TaxSpanner, one of Indias largest and most trusted company that offers online preparation and filing of Income Tax Returns (ITR) for individuals and businesses. "Our agreement will ultimately enable individuals and entrepreneurs to access personal and business finance more efficiently," suggests Biz2Credit CEO Rohit Arora. "Were always seeking opportunities to enhance the experience of our clients and we are pleased to be able to provide them with a valuable resource on our platform." Through this partnership, Biz2Credit and TaxSpanner will leverage their client channels to offer customized services that will holistically grow their companies. Individuals who are see...

India’s First Cash Giving App ‘CASHe’ Launched

3Apr By AnkitaNo Comments

News

India’s First Cash Giving App ‘CASHe’ Launched

Tslc Pte Ltd., a fin-tech company promoted by serial entrepreneur and private equity investor V. Raman Kumar, today announced the launch of its all new mobile-only lending platform - CASHe, providing users a personalized experience to borrow cash anytime, anywhere within minutes. CASHe was launched in Mumbai at a glittering ceremony today with Bollywood's rising star Arjun Kapoor unveiling the product. "CASHe is the ideal platform for consumers to take control of their short term finances", said V Raman Kumar, Chairman of TSLC PTE LTD. "Today's young professionals have different aspirations and needs not very well addressed by the present banking system. We are simplifying their borrowing experience with CASHe. With this new smart phone platform we will be providing immediate cash loan...

#Budget2016 Key Highlights For Startup Ecosystem

2Mar By No Comments

News

#Budget2016 Key Highlights For Startup Ecosystem

The third budget of Mr. Jaitely under the BJP led government has great offerings for the Startup world. Start-up India, Stand-Up India’ plan is most visible campaign of Prime Minister Narendra Modi’s Government which will boost jobs and investments in India. The campaign promotes & encourage entrepreneurs to start new firms that are not inspired by traditional businesses, is capable of generating jobs, and build an economy driven by technology and science. We spoke to Jaspal Singh co-founder of TaxZippy.com, India's largest Income tax filing site and he felt that this budget had a focus on startups as they are growing industry and help boom the economy. He also added that the budget has reinstated a positive push to the startup ecosystem. Here are the pointers placed by him. &nbs...

Chillr is Not a Wallet, We Have No Direct Competitors- Sony Joy, Founder of Chillr

25Feb By NitishNo Comments

Entrepreneurs Talk

Chillr is Not a Wallet, We Have No Direct Competitors- Sony Joy, Founder of Chillr

Meet Mr. Sony Joy, the Co-founder at MobME Wireless and CEO at Chillr, which is building a digital banking ecosystem connecting banks, customers, businesses and enterprises in an intuitive and mobile-first way. Chillr is a multi-bank mobile banking application that links directly to your bank account and helps you make easy money transactions. You can use Chillr to send and receive money, recharge your mobile phone, data card and DTH and also make payments at stores. We interviewed him on recent successful approach of chillr towards payment banking system, 1. Could you explain the end-to-end process of sending money via Chillr? As a customer, you initiate a payment by selecting the “Pay” option on our App and authenticating the payment using the MPIN. We then validate the de...

A Study Explains Why Rich and Successful People are Often Dishonest

7Feb By No Comments

BLOGS

A Study Explains Why Rich and Successful People are Often Dishonest

Let's face it, we've all been wondering why so many rich, successful, powerful people are cheating, lying, disgraces. Is it that only unethical people make it to the top? At least one study indicates that this is not the case-it's that winning itself makes people behave unethically. The Proceedings of the National Academy of Sciences just published a study that does not bode well for humanity's future. Scientists at Ben-Gurion University and The Hebrew University of Jerusalem had participants in a psychological study participate in a series of games, the first of which determined a "winner," and the second of which let that winner decide how much money they could award themselves. They found that competition winners cheated, awarding themselves more money than they deserved. The games all ...