What is SAAS? How is it helping businesses worldwide?
Entrepreneurship

What is SAAS? How is it helping businesses worldwide?

If there is going to be a buzzword of the decade, it would be the 'Start-ups.' Start-ups now govern the entire ecosystem around us. Be it food, taxi, travel, education- you name it. India comes up with around 900 start-ups every year. Have you ever wondered where does the infrastructure for all these new companies come? Where do they store the information, run their products, or perform the transaction?

Continue Reading about 20 days ago
How is Data the New Oil?
Entrepreneurship

How is Data the New Oil?

"Data is the new oil" has become so clichéd as a statement as saying "God Bless You" when one sneezes. If there would be competition to create a single unique sentence with the word 'data,' I bet everyone would lose; everyone would repeat this line now so well etched in our minds.

Continue Reading about 24 days ago
How is Indigo making Profits?
Entrepreneurship

How is Indigo making Profits?

Have you ever wondered that how India’s largest airline operator IndiGo operated by Interglobe Aviation flies high despite the tumultuous nature of the airline industry? Well, the answer is the business model on which the carrier operates. The business model, known as the Sale and Leaseback Model, has been one of the consistent reasons for the carrier's soaring profits.

Continue Reading about 27 days ago
Is OYO Profitable? What lies ahead?
Entrepreneurship

Is OYO Profitable? What lies ahead?

If someday one wrote about the India Start-ups story, it would remain unfinished without the story of Oyo Rooms. Starting as any other company trying to find its space in the Indian dot-com revolution to now being dubbed as an 'Indian AirBnB,' Oyo’s story has become the case study for management institutions.

Continue Reading about 28 days ago
IL&FS: Reasons and Effects of the Crises
Entrepreneurship

IL&FS: Reasons and Effects of the Crises

It was dark September for India’s financial market when debt repayment defaults by Mumbai-headquartered Infrastructure Leasing & Financial Services Limited (IL&FS) on inter-corporate deposits and commercial papers worth Rs 4.5 billion came into light. There was a fear that all housing finance companies would get resultant liquidity crunch effect and Lehman Brothers- like condition will come back.

Continue Reading about 1 months ago
Can Airtel Broadband resist JioFiber?
Entrepreneurship

Can Airtel Broadband resist JioFiber?

Have you ever felt that you have been an average student or an average employee at work or just an average person all through life? If yes, then I'm sure a topper seems threatening to you. But, the truth is that a topper can only replace another topper and marginally affect the status of an average student. I have always observed this and have been an average student in school.

Continue Reading about 1 months ago
Use LinkedIn to land your next high paying job
Entrepreneurship

Use LinkedIn to land your next high paying job

We all love Facebook but can we really look for jobs on Facebook or even land a job on Facebook? The answer is a big NO! Therefore, presenting to you, LINKEDIN, the Facebook for jobseekers and building careers. You must be wondering how to actually make it work for you in the best possible way.

Continue Reading about 1 months ago
How to apply for DIN (Director Identification Number)?
Entrepreneurship

How to apply for DIN (Director Identification Number)?

In this era, where small to large companies coexist and symbiotically work together, a one to one assurance is required on an individual basis to prevent any malafide intentions or any misuse of their money. Thus, Director Identification Number was introduced in Companies (Amendment) Act 2006 in Section 266A to 266G.

Continue Reading about 1 months ago
10 important clauses in LLP Agreement.
Entrepreneurship

10 important clauses in LLP Agreement.

All associations in the business world need some binding. Therefore, all modes of doing business have some regulations and compliances. A verbal agreement is acceptable in some cases but a proper legal agreement is binding on the two parties. This legal agreement acts as the setting of ground rules for the parties involved and the terms and conditions of surfing through the course of operations in the business.

Continue Reading about 1 months ago
Are You a Startup! Is your Trademark registered?
Entrepreneurship

Are You a Startup! Is your Trademark registered?

The millennial era is booming with entrepreneurs coming up with the most unique ideas. The hard work that goes behind these unique ideas can go in vain because of one simple mistake. Any unique idea or logo needs some protection and that can happen only when companies get their trademark registered. It will help to protect the value of the brand and that is how no one can misuse or abuse your brand name.

Continue Reading about 1 months ago
Compliances required to be followed by Nidhi Companies after Incorporation
Entrepreneurship

Compliances required to be followed by Nidhi Companies after Incorporation

We know about multiple types of companies. But, have you heard about Nidhi Company? It is a different form of company and is registered under “Section 406 of the Companies Act 2013.” The Nidhis are managed and regulated by the Ministry of Corporate Affairs (MCA). The compliances of this form of company are regulated under the Nidhi Companies Rules, 2014. A Nidhi company is relieved from the basic provisions and other appropriate guidelines for an NBFC in the RBI Act. This simply means that a Nidhi Company does not need an RBI license.

Continue Reading about 1 months ago
An exhaustive explanation on FORM MGT-14
Entrepreneurship

An exhaustive explanation on FORM MGT-14

When a company is planning to start up, the first step is to incorporate the business with the Registrar of Company (ROC). Companies incorporate themselves with the RoC because it is the body governing the companies and has to mandatorily keep information about companies. Therefore, every company has to notify ROC about the significant steps taken by the company by passing any resolutions at the Board meeting or by entering into an agreement.

Continue Reading about 1 months ago
Director KYC web update
Entrepreneurship

Director KYC web update

Today, every regulatory body has made it mandatory to get Know Your Customer (KYC) done. All banks and financial institutions require KYC for any bank procedure or even the payment wallets to establish the identity of the customer. Ministry of Corporate Affairs (MCA) also made it mandatory for the KYC of the Directors in September 2018.

Continue Reading about 1 months ago
10 top challenges in taking-up freelancing as a career
Entrepreneurship

10 top challenges in taking-up freelancing as a career

Of course, freelancing is very rewarding and comforting in every way. The comfort of home to work from and the freedom to work at the desired pace is forcing more and more people to turn themselves into freelancers. There is an ever-increasing demand for freelancers amounting to a significant increase in the workforce. But, as there is a flip side to every coin, so does freelancing comes with its own cost. Here, are a list of challenges that a freelancer faces in his freelancing career: 1.    Hunting for a good client: The biggest problem in freelancing is to look for reliable well-paying clients. Though you would get multiple job openings on platforms like Naukri, Times, Monster, freelancer.com, upwork.com, etc., yet, it gets challenging to zero down on the right clients.

Continue Reading about 6 months ago
Winding Up of a Company
Entrepreneurship

Winding Up of a Company

Winding up of a company is the process through which the life of a company comes to an end and its property is liquidated for the benefit of its members & creditors. A liquidator is appointed who takes control of the company, evaluates the assets of the company, pays its outstanding liabilities and finally distributes any surplus left among its members.

Continue Reading about 1 years ago
Director Identification Number
Entrepreneurship

Director Identification Number

DIN stands for director identification number; it is a unique number allotted by central government to any person intending to be a director or is an existing director of any company. It is an 8-digit unique identification, which has lifetime validity. Through DIN details of the director of company are maintained in database.

Continue Reading about 1 years ago
NBFCs and their Registration Process
Entrepreneurship

NBFCs and their Registration Process

A Non-Banking Financial Company (hereinafter referred to as NBFC) is an entity that provides banking and other lending services but does not come under the legal definition of a bank. An NBFC is incorporated under the Companies Act, 1956 or the Companies Act, 2013. All NBFC’s are necessitated to procure a ‘Commencement of Business’ certificate from the Reserve Bank of India (hereinafter referred to as RBI) as provided under the provision of Section 45-IA of the RBI Act, 1934. Further, they cannot commence any business as a Non-Banking Financial Institution without procuring a ‘Certificate of Registration’ from the RBI. The NBFC Registration and License may be obtained in 90-120 days.

Continue Reading about 1 years ago
The Start-up India Scheme
Entrepreneurship

The Start-up India Scheme

The Government of India initiated this campaign “Start-Up India” on 16th January 2016. This campaign was initially announced by Prime Minister, Mr. Narendra Modi during his presence at Red Fort, New Delhi on 15 August 2015. This action aims at following three objectives:

Continue Reading about 1 years ago