Finance

After Bharti Airtel launched its payments bank in January, Idea cellular has set itself a June threshold to launch payments bank operations. Interestingly, Vodafone was rumoured to go live with their payments bank in March 2017,…

You would be surprised to know that India is the only country in the world which follows the Maximum Retail Price (MRP) system for selling consumer goods. As per Legal Metrology Act, every packaged product in India is labelled with…

Over the past 5 years, the mutual fund industry has traversed many milestones to become a vital cog in the investor’s portfolio mix. There have been game changers introduced that have completely revolutionised the mutual fund realm. Gone…

Banks have decided to reward those customers whose credit score is good and who pay their installments on time. For the very first time in India, home loan interest rates (which determine your EMI) will be directly linked with the…

Finally, Government of India had to issue a press release issuing directives for service charge, which is currently being forcefully charged by restaurant owners. In a press release published by Press Information Bureau, Govt. has…

For small traders and businesses looking for ways to save taxes, this is the golden time indeed. India’s Finance Minister, Arun Jaitley has explained two ways using which small traders can save upto 46% tax. Traditionally, these…

In the excitement and urgency to go cashless, are we missing something? For instance, safety standards and guidelines, especially when it comes to petrol pumps? It seems we have, as a unique mis-match of safety precautions and…

Way back in 2014, we had said that Uber is disrupting $9 billion Indian taxi market, and existing players such as Meru, Easycabs should be concerned. Within three years of their launch in India, Uber has officially beaten their three…

Online payments in India is growing at a very fast pace. Every day new Internet users are opting for e-commerce, choosing to pay their bills online, book cabs using apps and more. The trend of digital payments is catching on with the…

Over last few years, Mutual Funds have increasingly becoming popular with investors in India, especially via SIP or Systematic Investment plans. SIP allows investors to invest small amounts on monthly basis, which helps in overcoming…

As per a recent filing with the registrar of companies, Paytm is bleeding red, on a massive scale. Compared to financial year 2014-15, Paytm has reported 312% more net loss for the financial year ending March, 2016. As per the…

When it comes to financial and corporate frauds in India, the problem is information and awareness about the said company. If we track the modus operandi of companies like Sahara and Saradha, which took money from millions of daily…

RBI is working towards making funds transfer via smartphone easier and more secure. This was revealed by the RBI Governor, Raghuram Rajan, while speaking at the IDRBT Banking Technology Excellence Awards function. Rajan also shared that…

The issue of black money in India is no less than poverty or global warming - such is the impact that political parties promise retrieval of black money as a poll promise; and general citizens hold dharnas and protests to force Govt. to…

India’s leading mobile wallet platform Paytm is now offering unsecured (without any collateral) and low-interest working capital loans for O2O merchants registered on its platform. One97 Communications Ltd., the parent company of…

World’s youngest startup nation, India, has once again received a major boost from the Government for promoting and encouraging startups. In a decision which will motivate young entrepreneurs to become job creators, instead of job…

In the #Budget2016 announcement, FM Arun Jaitley had declared that 60% of funds withdrawn from Employee Provident Fund (EPF) would be now taxed; and this has stirred the hornet’s nest. This has angered 6 crore employees all over the nation,…

In a major development, Government has removed every type of service charge & surcharge applicable on cashless payments. This is seen as the biggest push for promoting digital/card based payments in India. Earlier this year, we…

Myntra, which got acquired by Flipkart in May, 2014 has reported revenue figures of INR 773 crores against a loss of INR 740 crores for FY 14-15. Myntra is one of the leading fashion e-commerce portal in India and competes with the…

It’s raining discounts on anything and everything you can buy at Paytm. What started out as an online mobile recharge site has transformed into a mobile retail marketplace. Add to it the Paytm wallet and the company offers a complete…