Buisness

All You Wanted To Know About LTCG On Mutual Funds And Stocks

The budget announcement of LTCG had raised several questions and confusion in the minds of people. Here, LTCG is simplified for the benefit of the people. Under the Finance Bill 2018, long term capital gains will be chargeable on equity shares of listed companies, unit of equity based fund or of a business trust if they are in possession of the buyer for at least twelve months from the acquisition

Flipkart Does It Again...

Flipkart was crowned one more time at the yearly festive season stakes of ecommerce as confirmed by Flipkart. Once more, it proved its dominance over Amazon India in such a segment where total sales are expected to have increased by almost 40% over events of the last year. It should be noted that share of festive season sales for Flipkart jumped to 50% from 45% as compared to the last

Anil Ambani Group Has Filed Rs 5000 Crore Case Against Abhishek Singhvi

Abhishek Singhvi, the Congress spokesperson, has been accused of making false statements against Anil Ambani’s Reliance group. A case of 780 million dollar, i.e., Rs 5000 Crore, has been filed against Abhishek Singhvi by Anil Ambani group. In the High court of Gujarat, the case has been registered against Abhishek Singhvi. According to the Ambani group, Abhishek apparently gave some false and insulting remarks against the Ambani group. A spokesperson

Sales Of Oppo India Increased More Than 750%

Oppo Mobiles has gone beyond Sony, the largest Japanese electronics company and Micromax, the biggest domestic mobile maker, by income. This comes after its trades increased more than 7x at the time of FY17. This means dominance of China in the smartphone market of India. This comes although executives of industry claimed that growth of Oppo has in fact slowed down in 2017 owing to slashing down on spending, competitor

E-Tailers Tap B-Towns For Pushing Sales

Stagnation of requirement from town markets is forcing leading e-tailers in the nation to lean on tier III and tier II cities to drive sales. Not only income, supply from small cities for most e-commerce firms has also jumped to almost 40% by value from almost 10% 2 Years ago. This data was provided by Shankar Ranganathan, AVP of Invest India. Invest India is the investment promotion agency of the

Nintendo Aims 25 Million Switch Consoles In 2018

Having earlier adjusted the first-year anticipations of Switch from 10–14 Million sales, Nintendo is believed to be seeking at a global tally of 25 Million and more for a 2nd year on the market. Mentioning sources with direct familiarity of production plans by Nintendo, the Wall Street Journal reports that a production target of 25–30 Million Switch units is being dispersed to business associates. “It is a home system that

Alibaba and SoftBank-supported Paytm this week claimed that it has spent in CreditMate, the Mumbai-located lending startup. The fintech giant, on the other hand, did not reveal the amount of investment. CreditMate was established in 2016 by Ashish Doshi, Jonathan Bill, and Aditya Singh. The firm aims on protected lending in opposition to 2-wheelers. As a part of the agreement, Paytm will also use asset valuation technology and proprietary credit and loan management system of CreditMate. Paytm for its users is also making a loan management system. "We are continuously innovating to offer access to monetary services and lending particularly aimed at the huge majority of people in Indian who do not have authorization to such goods," Madhur Deora, the CFO and Senior Vice President of Paytm, claimed to the media in a statement. CreditMate is tackling the market for loans in opposition to 2-wheelers via their associate dealer network for users who may be new to credit, he claimed. "Eventually, we will utilize platforms from Credit mate to make credit accessible both online and offline to our consumers," he claimed. Being the CEO of CreditMate, Bill claimed that the investment will permit the firm to inflate its distribution, operations, technology, and lending partnerships. CreditMate charges the asset (two-wheeler) and customer utilizing valuation and proprietary credit engines. It operates with licensed lending associates for whom it offers online access and credit suggestions to an asset profile and total digital borrower to allow secured & fast lending. It has a dealer system of more than 150 all over Gujarat and Mumbai. Recently, the Alibaba-supported Paytm, which has been expanding up its business of online travel for the past 1 Year, was in active talks to purchase Via.com. The discussions of Paytm to purchase the online travel booking website is being discussed at an estimation of almost $50 Million to $75 Million, people aware of the topic claimed to the media. After having lifted new fund, Paytm has been sharing out cash backs to block market share from competitors such as MakeMyTrip and GoIbibo as well as Yatra.com in the space of online travel.

Alibaba and SoftBank-supported Paytm this week claimed that it has spent in CreditMate, the Mumbai-located lending startup. The fintech giant, on the other hand, did not reveal the amount of investment. CreditMate was established in 2016 by Ashish Doshi, Jonathan Bill, and Aditya Singh. The firm aims on protected lending in opposition to 2-wheelers. As a part of the agreement, Paytm will also use asset valuation technology and proprietary credit

Sensex : Market Gets Support Due To Low Selling Of Foreign Investors

The Sensex climbed 1.1% on Thursday and the Nifty closed above some 10,000. Before the September quarter results of Reliance Industries, the stock gained 4% in the first place, which led to strong Sensex and Nifty. Selling has also come down on the part of foreign investors and the Rupee recovers. Market sentiment also improved due to these reasons. However, market analyst’s opinion is alienated on whether benchmark indices will