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Finance
The Top 8 Union Budget 2015 Expectations. What’s On Your Wish List?
The Top 8 Union Budget 2015 Expectations. What's On Your Wish List?It’s again that time of the year where little mittens with wish lists are placed on the window sill just hoping to be found by Santa, or in our case our Finance Minister, Mr…
Apple Posts $18B Profit In 1Q2015. Most Profitable Quarter Ever!
Apple has smashed Wall Street expectations and predictions of technology observers by posting $18 billion profits during their fiscal 2015 first quarter, ending December 27, 2014. It is the most profitable quarter any company ever had,…
Interesting Insights Into Private Wealth Of Indians
Karvy’s Annual Private Wealth Report for 2014 is out. It provides some interesting insights on Private wealth in India. Private Wealth refers to the wealth owned by individuals (and not by Govt’s or Institutions)
The total global private…
Freecharge Raises $33M From Sequoia, Sofina & ru-Net
India’s leading mobile recharge platform Freecharge has raised USD 33 million (about INR 200 cr) from their existing investors Sequoia Capital along with new investors that include Belgium based Sofina and Russian investment firm ru-Net.…
RBI To Launch Bharat Bill Payment System, Calls For Comments
Reserve Bank of India has proposed setting up of a national integrated platform for bill payment: Bharat Bill Payment System, a service through which consumers can pay their bills from anytime, anywhere.
Within this ambitious plan,…
Here Is #Budget2014 In One Simple Infographic
So we are done with the budget, while the experts and analysts are still looking at the finer details of what has been announced, we bring you the highlights of this budget in one simple Infographic.
The Infographic has been created by…
RuPay: India’s Answer To MasterCard & Visa
President of India Pranab Mukherjee inaugurated India’s very own payment gateway: RuPay which will directly compete against global biggies such as MasterCard and Visa. After this, India has entered the exclusive club of those countries…
RBI Puts Aadhaar Biometric Authentication For Cards On Hold, Pilots eWallet Cash-Out Facility
This news will definitely come as a big relief to credit card companies operating in India. In November last year, RBI had come out with a directive that said that Indian Banks who issued credit cards to consumers, will need to implement…
2 Brilliant RBI Initiatives: Bank Account For Minors & No Fees On Dormant Accts
Current RBI Governor Dr. Raghuram Rajan thinks unconventional and totally out of the box. This was yet again demonstrated as the RBI issued two initiatives which will certainly bring cheers from the ‘aam junta’.
Initiative 1: Minors…
NRIs Sent $70 Billion Back Home In 2013; Highest By Any Country
Globally, migrant workforce sent $404 billion to their home countries in the year 2013 and out of that, Indian have beaten them all. Migrant Indian workforce sent remittances worth $70 billion (Rs 4 lakh 20 thousand crore) back home,…
HomeShop18 Files For $75M IPO Via NYSE Listing
India’s first 24-Hour Home Shopping TV Channel and India’s 5th most trafficked eCommerce portal (Comscore 2013): HomeShop18.com has filed for listing on New York Stock Exchange (NYSE) and is looking forward to raise $75 million from the…
Online Insurance In India Set To Cross Rs 20k Cr By 2020
A recently published report by Google India and Boston Consultancy Group (BCG) forecasts that online insurance industry in India will become 20 times its current value and will cross Rs 20,000 crore by 2020.
The report titled…
RBI Extends Pre-2005 Currency Note Exchange Deadline to Jan 2015
On January 24th, 2014 Reserve Bank of India had announced that they will completely withdraw from circulation all banknotes of all denominations issued prior to 2005 and all citizens who have pre-2005 currency notes will get it exchanged…
Interim Union Budget 2014-15 – Duties Cut For Cars, Bikes & SUVs; Excise Cut To 10%
Finance Minister P Chidambaram has presented the Interim Budget for the year 2014-15. This is not the actual Union Budget, which will be tabled in the month of July, 2014, after the new Government takes over. Interim Budget has been…
Google, Yahoo & Amazon Q4 2013 Results – Major Highlights
Amazon, Yahoo and Google, three of the biggest web based companies reported their Q4 2013 earnings report this week. Yahoo and Amazon failed to cheer up the Wall Street; despite increased revenues, their profit per share dropped in this…
Facebook Q4 Results Beats Market Expectations; Mobile Ad Revenues Surge!
Facebook has just released its Q4 2013 results, and going by the numbers, it’s excellent. In fact, this was the first billion dollar mobile ad revenue quarter as Facebook generated staggering $1.25 billion from mobile ads. Overall, revenues…
Bharti Airtel Q3FY14 Results: Net Profit Increases 115% At Rs 610 Crore
Bharati Airtel has just released its financial reports for the quarter ending December, 2013, and the results are pretty much exciting. Compared to last year, their net profit has increased 115% at Rs 610 crore. After 15 consecutive…
Per Capita Income of Various Indian States [2016]
According to the latest Government release, Delhi has the highest per capita income in India. Delhi’s per capita income for 2012-13 stood at Rs. 2,01,083 as compared to Bihar’s 22,890.
FDI Policy Revamped: Unlisted Indian Companies Can List on Foreign Stock Exchanges
In a major change in India’s Foreign Direct Investment (FDI) norms, Indian government has now allowed Indian companies which are not listed in Indian stock exchange to list themselves in stock exchanges of other countries.
Earlier,…
Govt Allows Unlisted Indian Companies To List & Raise Capital Abroad
In recent times, Indian govt is taking steps to ensure that policy framework around conducting business in India and abroad by Indian companies gets easier. Though, we still have a long way to go before we reach acceptable levels, it is…