Category Archives: Business

MSME Sector

Government Has Now Changed The Definition Of MSME Sector, New Norms To Be Activated In July

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As Government has announced the relief of 20 Lakh Crore on the 13th of May for the MSME Sectors, it had boosted their Economy to a greater extent.

But now the Cabinet Committee of Economic Affairs … by Hon’ble Prime Minister Mr. Narendra Modi has revised the classification criteria of the MSME Sector. In the meeting of CEA, the committee has discussed its strategy to reduce the importing capacity in the major field, enhancing the production capacity.

Now as per the new norms, a unit of 50 crore Investment and 250 crore of Turnover will fall under the Medium Inter Price category and manufacturing service unit with 1 crore of Investment and 5 crore Turnover will be classified as Micro and a unit enhancing 10 crore of Investment and 50 crore of Turnover will be categorized as Small Enterprise.

Now with the new norms, there will be no difference between the Manufacturing and Service sector.

An official statement has been released stating that- “This is expected to exponentially add to exports from the Country leading to more growth and economic activity that will directly boost the Creation of Jobs.”

This new categorization will come into effect from July 1st. The existing criteria of categorization are based on the MSMED Act 2006.

PM has strictly ordered the officials to cut down the import of AC, especially split AC. The report has shown that 60-70% of the compressor of these AC’s are being imported from the other Countries. So boosting the production of these compressors will enhance the Economic pace.

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Jio Got Fund From Saudi-Arabia

Jio Got Fund From Saudi-Arabia PIF

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Ambani’s Jio had been a great option for the investors right from its Launch.

In this series company got investment from Saudi-Arabia’s Public Investment Fund. Team on 18, declared that 11,367 Crores, i.e; 2.32% Stakes of Jio Corp. Before company got funds from Facebook and Vista Corp to raise a total of Rs. 1,15,639.95 Crore.

The Company has been on a capital raising spree to cut down its debt to zero. Reliance Industries last month raised Rs. 53,125 Crore from right issue- EconomicTimes

Now Jio platforms has a equity value of Rs. 4.91 Lakh Crore and an entriprise value of Rs. 5.16 Lakh Crore.

Jio had been a great place of the investors and day by day they expanding it beautifully and drastically.

See Also- OnePlus 8 Pro Colour Filter Changes & McLaren Partnership Revoked

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Online Business With Facebook

Online Business With Facebook

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If you are thinking to move your business online but don’t know how to do so Facebook is coming up with an initiative online business guide.

In the recent interview, Mark Zuckerberg said that “If you can’t physically open your store or restaurant, you can still take orders online and ship them to people” He said- “We’re seeing a lot of small businesses that never had online businesses get online for the first time.”

As we know we are in digital world and with the help of Facebook you can attain your online business dream and Facebook is also providing a training program for helping them to understand E-Commerce the best in this is you don’t need any big restaurant or shop to start you can do your business from your home this will definitely help those who want to start a business but they don’t have capital but now with Facebook Your Home is Office.

SEE ALSO- #BlackLivesMatter, A Global Campaign From Minneapolis America

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Pandemic

Pandemic Outbreak – Proportional to the Business Loss

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Covid19 pandemic has manifested the income and the profit of all sorts of companies and majorly every type of sector. Currently, the market is going down and also there is a rapid downfall in the value of assets. The market downfall caused due to Covid19 is greatly affecting the demands of genuine consumers worldwide and this is also a challenging phase for the customer-to-company relationship.

RBSA Advisor and MD Rajeev Shah mentioned that – “Impairments are equally triggered due to falling demand/revenue/profitability, rising losses, and increased competition intensity.” There are also a few other unlisted factors. The cumulative effect of all of these factors is directly proportional to the reduction of the economic viability of the subject business.

Companies are not getting the customers for selling their products and thus this pandemic is overtaking the world level business tycoons to depression.

Considering the results from a unilateral familiarization of countries like India, which are less-developed, the Indian companies are constantly facing demand collapse for their product on profit and loss account due to the Evil Pandemic Outbreak – Corona.

Many of the big companies in India are in loss and the market value of companies are going down. The June quarter has further pushed them into losses. There is no second thought or doubt in the fact regarding the country’s condition nowadays. India is currently in the list of the leading countries in terms of severe economic losses which is the broadest reason for the GDP going down.

SEE ALSO- Online Business With Facebook

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Paytm

Paytm to Enter In the Insurance Market

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Who doesn’t use online transactions nowadays? We all are quite informed about the Paytm application and its user friendly experience. It also has reliable features like user’s account safety, add free experience and smooth transactions which overall gives the user a very great online and offline payment experience. Recenlty, there’s a buzz about Paytm to Enter in the Insurance Market.

Paytm is the most valuable startup of India and through this online platform, already has a huge market and millions of users only in India alone. Now, it is sure about entering in insurance market. It is owned by One97 Communication Ltd and now all is set for Paytm to Enter in the Insurance Market & spread its wings and acquire the private insurance firm Raheja.

Vijay Shekhar Sharma the CEO and Owner of Paytm announced that they have just made a firm agreement to acquire the renowned Insurance Firm – Raheja in 76 million!! An all- cash deal!!

Now, coming to the Raheja Firm’s short insights, the 51% share of Raheja’s is owned by Prism Johnson and 49% by Qbe Australia. The interesting partnership is always what the Raheja’s have sought for, but now, Paytm is about to acquire 100 % of its share and for this, QorQl Pvt Ltd is helping in easing this deal.

Raheja Insurance provides various types of insurance services, for example: in health, home, vehicle, commercial properties and workplace injuries. Paytm has fully acquired this firm and it will surely start a great insurance service too.

SEE ALSO:- Indian Shares Made Their Comeback

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Hero Cycles

भारत की सबसे बड़ी साइकिल कंपनी HERO ने चाईना के साथ 900 करोड़ का करार तोड़ा

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भारत की सबसे बड़ी कंपनियों में से एक Hero साइकिल्स कंपनी ने चाईना के साथ 900 करोड़ का करार तोड़ दिया है| इसका मुख्य कारण यह है कि चाईना के साथ चल रही तना-तनी को खत्म करने के लिए भारत की कंपनी उनके साथ करार तोड़ रही हैं|

इस विषय पर Hero साइकिल्स के चेयरमैन और मैनेजिंग डायरेक्टर पंकज मुंजल कहते हैं कि “हमारा यह उद्धेश्य है कि चाईना के सामानों पर प्रतिबंध लगाया जाए|”

पंकज मुंजल का यह कदम बेहद ही सराहनीय है|

ताजा खबरें:- कानपुर हत्याकांड; 8 पुलिसकर्मियों का हत्यारा विकास दुबे

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