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Doing Business in India Becomes Easier As Rajya Sabha Approves Insolvency and Bankruptcy Code 2016
As per World Bank’s Ease of Doing Business report, it takes more than 4 years to wind up a business in India. Such strict insolvency regulations were regarded as a major hindrance in starting a new business in India, as the investors…
Average Indian Increased Wealth By 400% In Last 10 Years; Hailed As #1 Wealth Creators in the World
Asian economies, which include India, China and Vietnam were the top wealth creators in the whole Universe. In the last 10 years, an average Indian, for instance, increased his wealth by whooping 400%.
These insights into the wealth…
Foxconn To Manufacture ‘Made in India’ iPhones in Maharashtra With $10B Investment
Foxconn, Taiwan based contract electronics manufacturer, and chief supplier of Apple has chosen Maharashtra to manufacture their ‘Made in India’ iPhones. As per reports coming in, Foxconn will spend $10 billion to create a massive…
Air India Beats Market Expectations; Set To Turn Profitable 2 Years Before Schedule
Air India, India’s state run airlines, and India’s #3 largest airline in terms of passenger intake, is all set to turn tables before anyone had imagined. As per reports emerging, Air India will become profitable in this fiscal year…
Debate Settled! Ola Is Twice as Large As Uber, Gets 2.5X Calls Compared to Uber
The war of words and bitter rivalry between cab app aggregators Uber and Ola has been a hotly discussed topic in the media.
Earlier in March, Uber’s President of business in Asia, Eric Alexander, had claimed that Uber will surpass…
169 Companies Without Women Director Face Wrath of Corporate Affairs Ministry!
Corporate Affairs Ministry has said that strict action would be taken against 169 companies for failing to recruit any woman directors. The action would be taken under strict guidelines of Companies Act 2013, which mandates women…
Only 4% Indians Paid Tax Last Year; 13 Surprising Details Taxes Paid By Indians!
For the first in the history of India, Income Tax records of Indians have been made public. Central Board of Direct Taxes and Department of Revenues under Ministry of Finance revealed Income Tax data between 2000-01 to 2014-15 last…
Paytm Partners With Wipro For Development of Their Core Banking Solution
Paytm, India’s leading mobile commerce company and one of entities to get payments Bank license, today announced it’s partnership with IT services major Wipro. The company has been assigned to develop core banking solution for their…
EmbroS: A Wearable Tech Startup That Wants to Change Lives of Over 15 Million Visually Challenged
How many startups can you count that solve real world problems instead of just adding value to each other? There are only a handful and one of those that come to our mind is EmbroS.
Formerly named Live Braille, EmbroS is the world's…
Entrepreneurship Simplified: Single ‘Unique Company ID’ For All Purposes; E-Signature To Replace…
In case you are running a company in India, then you must be aware about various ‘numbers’ which is required to be maintained and referred to during various phases of running a business.
For example, Permanent Account Number or PAN;…
7th & Final IRNSS Navigational Satellite Launched Successfully; US GPS Monopoly Ends
In 1999, when Pakistani troops captured Kargil hills, India needed GPS data of the region, and called US for help. At that time, US was the only nation to have accurate GPS data of any region in the world.
US refused to give GPS data…
Is Service Tax Applicable on My Service? – Everything About Service Tax Applicability
Is Service tax is applicable on my service? This is one of the most important questions that every service provider asks from this legal advisor. Service tax is one of largest revenue source for the Indian government and hence,…
DBS Launches DigiBank, A Mobile-Only Bank
Development Bank of Singapore entered Indian market not very long bank and is currently operating around 12 branches in tier-1 cities. DBS bank issued a target of expanding to 50 branches by 2018, but the efforts were put to halt once…
5 Facts About Ant Financial Which Became World’s Most Valuable Private Internet Company At $60B…
Ant Financial, which is an affiliate of Alibaba has successfully raised $4.5 billion from a bunch of high profile investors. Valued at roughly $60 billion, Ant Financial has now become world’s most valuable private Internet company.…
Indian Govt Bans IMEI-less Chinese Mobiles, Milk & Steel Products; Is Rising Trade Deficit the…
Showing strict intolerance towards import of sub-standard products, India Govt. has placed a blanket ban of all Chinese mobile which doesn’t have International Mobile Station Equipment Identity or IMEI number; all types of milk and milk…
Sachin & Binny Bansal, Priyanka Chopra, Sania Mirza Feature In Time’s 100 Most Influential…
This year’s Time Magazine’s 100 Most Influential People in the World list is special for India; and the reason is that both Bollywood and Business have sent their representatives into this highly coveted list.
Sachin Bansal and Binny…
Pulse Candy Becomes a Sensation; Beats Coke Zero Record in Sales
Pulse, the tiny hard-boiled candy from DS Group has set the pulse of FMCG sector racing as it equaled the mighty Coke Zero’s record in terms of sales. Pulse has now churned out Rs 100 crore sale within 8 months; a record which none of…
Global Remittance Decline; But India Remains World’s #1 Country sending $68.9B Back Home in 2015
India has maintained as their position as world’s #1 remittance source, as Indians living in foreign locations sent $68.9 billion back home. Compared to 2015, this is a decrease of 2.1%; but despite this fact, India has beaten all…
National Agriculture Market, A Game Changer For Indian Farmers!
When 58% of Indians are dependent on agriculture for their livelihood, it is very important to include them in the Digital India movement for maximum effect of technology.
With the launch of National Agriculture Market or eNAM, PM…
Income Tax Dept Enables Aadhaar, Net Banking Based E-filing Appeal System
Income Tax department has taken another major leap towards tax reforms by inducing technology into the appeal system. In a first of it’s kind decision, gap between the taxpayer and the taxman has been further reduced, as Aadhaar Card,…