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“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 ...

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....

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...

Paytm’s Net Loss Rise To Four-Fold to Rs 1,549 for FY’16-17

13Dec By PriyankaNo Comments

BUSINESS

Paytm’s Net Loss Rise To Four-Fold to Rs 1,549 for FY’16-17

E-wallet service provider Paytm’s losses grew four-fold to Rs 1,549 crore in FY’16, the Times of India reported on Tuesday citing documents filed with the Registrar of Companies. It had reported a loss of Rs 372 a year ago compared to a profit of Rs 5 crore during FY’14. According to the report, Paytm’s founder Vijay Shekhar Sharma drew an annual salary of Rs 3.1 crore in FY’16. Last week, Sharma sold 1 percent stake in the company for Rs 325 crore to fund his payments bank. Paytm is said to be one of the biggest beneficiaries of PM Modi’s demonetisation drive. The company expects to hit 2 billion transactions by the end of this year. One97 Communications, the firm that owns Paytm will restructure its current business in preparation of its upcoming Payments Bank. As per the direct...

8Dec By NitishNo Comments

News

GoDaddy Launches WordPress Powered Websites to Help Small Businesses

GoDaddy, the world’s largest cloud platform dedicated to small, independent ventures, today announces the launch of WordPress Websites for the India market. The new offering from GoDaddy is the easiest way to build a professional online presence easily and affordably using WordPress. Though it wouldn't hurt to also check out web hosting deals at ProductExpert, GoDaddy does provide a great service. It features an exclusive WordPress Quick Start Wizard that simplifies the website creation process to help people get started quickly to build their website. GoDaddy WordPress Websites are designed to help small business owners, individuals and web professionals easily convert their ideas online into a professional looking website with high-quality images and choices of templates. WordPress Webs...

Pulse Candy Maker DS Group Eyes 20-24% Revenue Growth This Fiscal

4Dec By NitishNo Comments

News

Pulse Candy Maker DS Group Eyes 20-24% Revenue Growth This Fiscal

Diversified firm Dharampal Satyapal Group (DS Group) expects its revenue to grow by 20-24 per cent this fiscal with food and beverage and mouth freshener businesses driving the growth. "We have been growing at an average of nearly 20-24 per cent in last few years and that is a growth trend we would like to maintain, with emphasis on first-class quality and innovative products," DS Group Vice Chairman Rajiv Kumar told Pixr8. The food and beverage (F&B) and mouth freshener businesses are driving the growth of the group and the past year has seen the company entering new areas in both to further strengthen our FMCG offerings, he added. The Noida-based group, which is well known for its consumer goods brands like 'Catch' and 'Pass Pass', had reported a turnover of more than Rs 7,7...

Paytm Hits $5 billion GMV, Rs 150 Crore Offline Transaction

22Nov By AnkitaNo Comments

News

Paytm Hits $5 billion GMV, Rs 150 Crore Offline Transaction

With people being compelled to switch to non-cash mode after the demonetisation move, digital payments company Paytm has been witnessing over 5 million transactions worth Rs 120 crore a day, helping it crosss $5 billion GMV sales, four months ahead of its target. Gross Merchandise Value (GMV), which is an industry term for estimating the total worth of goods sold through a digital platform, for Paytm was $3 billion last year. The Alibaba-backed company, which offers both mobile payment platform and e-commerce marketplace, said it is now witnessing about 5 million daily transactions worth about Rs 120 crore. "Paytm is registering over total 7 million transactions worth Rs 150 crore in a day as millions of consumers and merchants across the country try mobile payments on the Paytm p...

India Inc Commits $3.4 Billion For SDGs at Global Citizen Festival

20Nov By PriyankaNo Comments

News

India Inc Commits $3.4 Billion For SDGs at Global Citizen Festival

Corporate leaders today committed a whopping USD 3.4 billion to help achieve the sustainable development goals which can positively impact the lives of 500 million people across the country with a special focus on gender equality, education and water and sanitation. These financial offers were made at the concluding day of the first-ever Global Citizen Festival here today. The Global Citizens India chapter said this came in response to over 20 lakh initiatives and campaigning efforts by them, and the key focus will be ending extreme poverty. The body said that of the 25 commitments worth USD 3.37 billion, or Rs 22,940 crore, that will cover over 50 crore people, $2 billion will come from the International Finance Corporation Banking on Women Group for gender equality. Under this, Int...

Like Emerge App Why Your First B2B SaaS Should Be Free

18Nov By PriyankaNo Comments

Story

Like Emerge App Why Your First B2B SaaS Should Be Free

A good product often is the lifeline of many startups, and represents the collective dreams of the team. A good product should also be free or really low cost, if the company is looking to genuinely make society for the better. To that end, we want to offer our software free for the first user of each company. More than just making a quick buck, we want to bring real value to SMBs, of which there are 50 million in India alone. Interested? EMERGE App is tackling a major headache that trading and distribution companies have as more avenues have opened up for consumers and companies to interact. Order processing and inventory management solutions are highly sought after, numbering about 77 million results alone in Google, as companies need to cut down the inefficiencies, save costs, ...

Crackdown on Immigration could affect Google’s Future Plans- Sundar Pichai

16Nov By AdityaNo Comments

Entrepreneurs Talk

Crackdown on Immigration could affect Google’s Future Plans- Sundar Pichai

Google's Indian-origin chief Sundar Pichai today said the global tech giant remains committed to Britain and will go ahead with a new one-billion-pound London headquarters that will create 3,000 jobs by 2020, but warned that post-Brexit crackdown on immigration could affect future plans. "Here in the UK, it's clear to me that computer science has a great future with the talent, educational institutions, and passion for innovation we see all around us," he told BBC during his first visit to the UK as Google's chief executive. "We are committed to the UK and excited to continue our investment in our new King's Cross campus," he said. Pichai's remarks will be a big boost to British economy after the June referendum in favour of the UK leaving the 28-member European Union. But Pichai did...

Employees are Scared For Their Safety After Trump’s Win: Indra Nooyi

15Nov By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Employees are Scared For Their Safety After Trump’s Win: Indra Nooyi

PepsiCo's India-born CEO Indra Nooyi has said Hillary Clinton's defeat in the elections has left her daughters, gay workers, employees and the non-whites devasted as there was "serious concern" among them about their safety in the US with Donald Trump as president. "Do you have a box of tissues here," Nooyi, a staunch Clinton supporter, said at the New York Times Dealbook Conference here when asked how she felt on the morning of November 9, when Trump won the presidential election. A visibly dejected Nooyi said Clinton's loss left her daughters and PepsiCo's employees devastated and there were serious concerns among the company's workers, especially the non-white employees, about their safety in an America with Trump as its president. "I had to answer a lot of questions from my daughte...

London Woos Indian Startups; Key to Growth, Jobs Post Brexit

13Nov By NitishNo Comments

News

London Woos Indian Startups; Key to Growth, Jobs Post Brexit

London's technology sector is wooing Indian startups and software firms, which are among the key drivers of growth and jobs for the capital city and the wider UK economy. "India is the second largest investor into London, after the US... Despite concerns over foreign investment inflows after the Brexit referendum, it will continue to be a top investor for us," Rajesh Agrawal, deputy mayor of London for business, told PTI here. Agrawal also chairs London & Partners, the official promotional company for London. The deputy mayor is visiting India on an international trade mission aimed at strengthening tech and trade links between London and India. He revealed that London is home to 39 per cent of the fastest growing Indian companies based in the UK, compared to 25 per cent last year....