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Finance
Govt. May Soon Ban All Cash Transactions Above Rs 3 Lakh; Masterstroke To Stop Black Money?
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…
Paytm Starts Offering Unsecured Loans To Kirana Stores and Auto Drivers
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…
Government Turns Angel – Increases Startup Fund By 5 Times!
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…
Tax on Provident Fund Angers Employee Unions As They Warn of Massive Strike; Finance Ministry Says…
In the #Budget2016 announcement, FM Arun Jaitley had declared that 60% of funds withdrawn from Employee Provident Fund (EPF) would be now taxed; and this has stirred the hornet’s nest.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,…
Yay! No Surcharge, Service Charge For Digital Payments. Cashless Transaction Get HUGE Boost!
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 Financials: Revenue Jumps 78%, But Losses Surge by 4X
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…
Paytm Financials: One97’s Revenue at INR 337 Cr, Loss at INR 372 Cr in FY 14-15
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…
Snapdeal Financials: Loss of INR 1319 Cr With a Revenue of INR 938 Cr in FY 14-15
Snapdeal, the second largest player in the Indian e-commerce industry, has reported a revenue of INR 938 crores with a loss of INR 1,319 crores in FY 14-15. Snapdeal is fighting it out in the Indian e-commerce sector with home grown…
BookMyShow Financials: Revenues Grow 57% To Touch INR 100 Cr in FY 14-15
Big Tree Entertainment Private Limited, which owns and operates bookmyshow.com, has reported its latest financials. The company’s revenue crossed INR 100 crore mark in FY 14-15 with a growth of 57% over the past fiscal’s revenue.
The…
Visa, Master Card Threatened by Meteoric Growth of Rupay Cards; Accuse Govt. of Monopoly
As per latest data from RBI, there are 22 crore RuPay cards in usage in India as of now, which is growing at an incredible pace. Considering that the first card was issued in March, 2012, RuPay has already captured 35% of the market in…
With Triple Digit Growth Since Inception, Jabong’s Revenue Now Crosses INR 1000 Crores!
Jabong, the online fashion e-tailer, earned a revenue of INR 1083 crores in FY 14-15, double of that in previous year. The loss figures stood at 4% of the total revenue at INR 44 crores.
Financial Performance
The company has…
Ecom Express: A Logistics Startup That Grew Its Revenue from INR 73 lakh to 150 Crores in Just 2…
Astronomical growth in the e-commerce sector in India in the past 5 years or so, has led to the birth and steep rise of ‘e-commerce focused logistics’ segment. Companies in this segment are attracting tremendous investor attention. The…
Shopclues Logs INR 79 Cr Revenue, INR 101 Cr Loss in FY14-15
Shopclues reported its revenue figures for FY 2014-15 at INR 79.2 crores with a loss of INR 101 crores. This is a revenue growth of ~150% over INR 31.6 crores in the previous fiscal with a slightly higher increase in the loss figure…
The Only Indian ‘Unicorn’ That Has Been Profitable Since Inception | Mu Sigma
In case you are wondering what a ‘unicorn’ is – in business parlance, it is a startup company that has achieved a valuation of a billion dollars or more. India’s much coveted ‘Unicorn Club’ currently features eight startups.
While…
Bajaj Finserv Launches India’s First Consumer Durable Finance App With Instant Loan Approvals
Bajaj Finserv, India’s leading consumer durable finance company has launched India’s first EMI Finance App. The app gives users the freedom to apply for an instant EMI finance anytime, anywhere.
The app has been launched keeping in…
“We Will Start India’s First Payments Bank” – Paytm Founder
Out of the 11 who gained the Reserve Bank of India’s nod to set up payments bank in the country, Paytm founder Vijay Shekhar Sharma wants to be the first in the run. He was one of the two individuals who were granted license, besides…
5 Myths Busted About Indian Online Insurance Market: ICICI Lombard-Google Research
Last year, we had reported that online insurance market in India will swell to Rs 20,000 crore by end of 2020.
Researched by Google India and Boston Consultancy Group (BCG), the report said that right now, the digital insurance market in…
Café Coffee Day Finally Files For Rs 1150Cr IPO; Valuation Pegged At Rs 6300Cr
India’s biggest chain of coffee outlets: Café Coffee Day (CCD) has finally decided to go public. Against a rough valuation of $1 billion or Rs 6300 crore; CCD plans to raise approximately $180 million or Rs 1150 crore by selling their…
SEBI Permits Foreign Venture Funds To Register as Foreign Portfolio Investor; Clarifies Eligibility…
SEBI has clarified that foreign venture capital firms incorporated outside India can now register as Foreign Portfolio Investor or FPI inorder to initiate investments in India startups. However, this is subjected to certain terms and…
Union Budget 2015-16: Highlights & Key Announcements
Union Budget 2015-16 is being presented by Finance Minister Mr. Arun Jaitley in the Parliament today. We are bringing you the highlights and key announcements of Budget 2015-16.
Union Budget 2015-16: Highlights & Key…