Tag: Business

Growth of FINTECH SECTOR

 With Fintech adoption rate at 87% against the global average of 64%, India has emerged as one of the largest digital markets in the world. Fintech Sector has huge potential in India, supported by an enabling policy and digital infrastructure framework. 

 

As per industry estimate, India has over 676 million smartphone users, over 1.2 billion telecom subscribers (wireless + wireline) and 825 million internet subscribers of which approximately 39% belong to the rural areas (as on March 2021).

 

Further, total number of transactionsrelated to digital payments, a key enabler for expansion of digital markets, has increased from 2,071 crore in FY 2017-18 to 5,554 crore in FY 2020-21. As on date, more than 5179 crore transactions have been reported in the current financial year.

 

Furthermore, India now hosts the 3rd largest ecosystem for startups globally; 59,593 startups have been recognized by DPIIT across 57 unique industries, of which 1,860 startups belong to the FinTech sector. As of December 2021, India has over 17 Fintech companies, which have gained ‘Unicorn Status’ with a valuation of over USD 1 billion. 

 

As regards to investment inflow in the Fintech sector, no such data is maintained centrally. 

 

Government has taken several measures to increase investment inflows in Fintech sector.The Pradhan Mantri Jan DhanYojana (PMJDY) has been targeted at increasing financial inclusion in India by helping in new bank account enrollment of beneficiaries for direct benefits transfer and accessibility to a host of financial services applications. This has enabled Fintech startups to build technology products to penetrate the large consumer base in India. 

 

Aadhar, the unique biometric identification system, allows the public to access government digital services thereby improving the availability and transparency for social payments including financial assistance to those in need. 

 

Unified Payments Interface is single platform that merges various banking services and features under one umbrella and has been built as a scalable payments platform supporting digital payments in India. 

 

Jan DhanYojana, Aadhar and Mobile (JAM trinity) alongwith Unified Payments Interface have been instrumental in bringing in transparency, integrity and timely delivery of financial benefits and services to the public.  

 

Key initiatives undertaken by the Government for the Fintech ecosystem in India are listed below:

 

  1. Jan DhanYojana has been targeted at increasing financial inclusion in India by helping in new bank account enrollment of beneficiaries for direct benefits transfer and accessibility to a host of financial services applications. This has enabled Fintech startups to build technology products to penetrate the large consumer base in India
  2. India Stack is a societal initiative aimed at building public digital infrastructure to promote public and private digital initiatives including accelerated adoption of technology in finance
  3. Aadhar, the unique biometric identification system, has allowed Aadhar Enabled Payment System and Aadhar Payment Bridge System:
  • Aadhar Enabled Payment System allows individuals to conduct financial transactions on a Micro-ATM by furnishing their Aadhaar number and verifying it with the help of their fingerprint/iris scan
  • Aadhar Payment Bridge System allows ease in bulk and recurring Government benefits and subsidy payments, facilitating operations from Aadhaar-linked bank accounts, using the biometric authentication 
  1. Development and roll-out of authentication solutions including digital KYC, video-based customer identification process, and digital signature on documentshas created various safeguards and a hassle-free system for Fintech startups and customers to leverage the technology-enabled solutions in the sector
  • A central repository, Central KYC, has been developed for reducing the hassle of undergoing multiple KYCs for different financial institutions. This allows the KYC process of consumers to be conducted only once unless there are any changes in consumer details
  • KYC and customer on boarding costs have been reduced significantly enabling expansion of financial services to rural India and opening their accounts
  1. Unified Payments Interface has been built as a scalable payments platform supporting digital payments in India
  2. License for Payments Banks has further helped in enhancing the financial inclusion drive in the country by allowing the setting-up of payments banks and expanding the access to payments/remittance services. In a bid to promote digital payments banks in the country, RBI has announced an increase to the maximum end of day balance for payment banks to Rs. 2 lakh
  3. National Automated Clearing House System has been successfully used for making bulk transactions
  4. Bharat Bill Payment System has helped in enhancing consumer convenience to pay bills across utilities and other segments and has been expanded to include all categories of billers who raise recurring bills (except prepaid recharges) as eligible participants, voluntarily
  5. RBI has also developed a Payments Infrastructure Development Fund (PIDF) scheme to subsidise deployment of payment acceptance infrastructure in tier-3 to tier-6 centres
  6. The RBI has created a regulatory framework around Peer-to-Peer (P2P) lending by recognising P2P lenders as Non-Banking Financial Companies (NBFCs), thus providing alternative credit access to the unbanked
  7. IRDAI has undertaken various initiatives towards boosting the insurance penetration, such as permitting insurers to conduct video-based KYC, launching standardized insurance products and allowing insurers to offer rewards for low-risk behaviour
  • Government institutions such as the Health ministry and the NITI Aayog are also supporting the transformation in the insurance industry through the National Digital Health Mission (NDHM), the Digital Information Security in Healthcare Act (DISHA) and the National Health Stack
  1. A world-class Fintech hub has been developed at the International Financial Services Centre (IFSC), GIFT City in Gandhinagar, Gujarat to further strengthen the vision of making India a global Fintech hub

 

Government has been making continuous effort to promote strong and sustainable industrial development in the country. Some of the key measures undertaken are listed below:

 

  1. Startup India initiative was launched on 16th January, 2016 to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. As on 26th November, 2021, more than 59000 startups have been recognized by DPIIT. The recognised startups have reported over 6.2 lakhs job created. To incentivize Startups, Fund of Funds for Startups Scheme (FFS), and Startup India Seed Fund Scheme (SISFS) schemes are being implemented by the DPIIT. 
  2. Government has put in place a liberal and transparent policy for attracting Foreign Direct Investment (FDI), wherein most of the sectors are open to FDI under the automatic route. Government reviews FDI policy on an ongoing basis and changes are made in the FDI policy regime, from time to time, to ensure that India remains increasingly attractive and investor-friendly investment destination. Measures taken by the Government on FDI Policy reforms have resulted in increased FDI inflows in the country, which year after year is setting up new records. India registered its highest ever annual FDI inflow of USD 81.97 billion (provisional figures) in the financial year 2020-21. These trends in India’s FDI are an endorsement of its status as a preferred investment destination amongst global investors.
  3. Government is working to reduce compliance burden in order to spur investment in India. Government is also working to reduce compliance burden on citizen and business and the aim of this exercise is to simplify, decriminalize & remove redundant laws. In order to monitor large database of compliances across Central Ministries/Departments and States/UTs, Government has launched the Regulatory Compliance Portal on 1st January, 2021 (https://eodbrcp.dpiit.gov.in/). Based on data uploaded on Regulatory Compliance Portal, more than 25,000 compliances have been reduced by Central Ministries/Departments and States/UTs combined. 
  4. The Reserve Bank of India has come up with Regulatory Sandbox (RS) with the objective to foster responsible innovation in financial services, promote efficiency and bringing benefit to consumers. The RS allows the regulator, the innovators, the financial service providers (as potential deployers of the technology) and the customers (as final users) to conduct field tests to collect evidence on the benefits and risks of new financial innovations, while carefully monitoring and containing their risks. The RS is an important tool which enables more dynamic, evidence-based regulatory environments which learn from, and evolve with, emerging technologies. 
  5. The RBI has also created a Reserve Bank Innovation Hub (RBIH). The aim of Innovation Hub is to promote innovation across the financial sector by leveraging on technology and creating an environment which would facilitate and foster innovation, in collaboration with financial sector institutions, technology industry and academic institutions.
  6. Production-Linked Incentive (PLI) Scheme for 14 key sectors (including Drones and Drone Components): Government has announced PLI scheme to enhance India’s manufacturing capabilities and exports. The schemes have been specifically designed to attract investments in sectors of core competency and cutting-edge technology; ensure efficiency and bring economies of size and scale in the manufacturing sector and make Indian manufacturers globally competitive so that they can integrate with global value chains. The PLI schemes are being implemented by the concerned Ministries/ Departments. There are targeted promotion activities being taken up by concerned Ministries/ Departments for identification of potential global and domestic investors by way of organizing investor networking events, investor roundtables, seminars and one-on-one meetings with potential investors.
  7. PM GatiShaki launched on 13th October, 2021: It is a National Master Plan for multi-modal connectivity. Gati Shakti— a digital platform — to bring 16 Ministries including Railways and Roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects.
  8. Industrial Information System (IIS) – Government has developed an India Industrial Land Bank (earlier known as Industrial Information System) which provides a GIS-enabled database of industrial areas including clusters, parks, nodes, zones, etc. across the country to help investors identify their preferred location for investment. 4507 industrial parks/estates/SEZs in 5.15 lakh hectares have been mapped on India Industrial Land Bank (IILB) along with net land area availability. 
  9. Creating world class infrastructure through developing nodes across various Industrial Corridors. Industrial Corridor Programme is being developed in 04 phases (with 32 nodes) as part of the National Master Plan for providing multimodal connectivity infrastructure for creation of greenfield industrial smart cities with plug and play infrastructure in order to make India a manufacturing hub.

Calls upon businesses to break the barriers of traditional thinking

 The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri PiyushGoyal today urged Indian industry to think big and set accelerated and aggressive targets, with a vision to achieve transformative changes by 2047 when India would be celebrating hundred years of independence. 

He was delivering the keynote address at the 94th Annual Convention of the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi today. 

The Minister conveyed his appreciation to FICCI for making the Indian pavilion at the Dubai Expo a reality in the face of immense challenges and uncertainties caused by the pandemic. It may be noted that the Indian pavilion has been one of the most visited and appreciated pavilions at the Dubai Expo. 

The Minister expressed hope that the Dubai experiment would be replicated at the PragatiMaidan, so that people from all over the nation, especially students and youngsters get an opportunity to visit, explore and take pride in our progress and achievements.

Dwelling upon the challenges faced by Indian industry during the pandemic, Shri Goyal said that it had recovered remarkably well and is poised for faster growth. Underscoring the growth achieved in services export, the Minister also said that $400 billion worth of merchandise export could very well become a reality. 

The Minister said that the lessons learnt from the crisis has been that if the government and industry work in tandem and get all our Missions on board, achievements will be made and added that if we aspire to reach a trillion dollars of services and merchandise export each by around 2030, we will achieve that too. 

The Minister said that the government did not believe in making incremental changes, but has worked to saturate every possibility in each project that has been taken up, be it cleanliness and sanitation or cooking gas connection or electricity or healthcare. Healthcare, he said, is being taken up in a mission mode with the vision of providing access to quality, affordable healthcare to all, in an organized manner through technological support. 

Speaking of the government’s efforts to improve the ease of living and the ease of doing business, Shri Goyal said that 22,000 compliances were reduced or eliminated in a year and added that brainstorming was being done to achieve more. 

The Minister said that the world looked upon India as a trusted partner, especially because of the resilience we displayed during the pandemic by meeting all our international commitments made by business and industry. All through COVID period, Indian industry has demonstrated its unique ability to accept challenges and has been appreciated world over, he said.

Quoting the Prime Minister, Shri Goyal said that even if we have billion problems, we have billion minds to find solutions to those problems. He said that the kind of governance model India was trying to propagate and promote is focussed on highest levels of integrity, on minimum government, maximum governance, on ease of life, on ease of doing business etc. 

The Minister assured that the government is willing to listen to new ideas, engage with industry at every level and work as an enabler, facilitator and partner. 

Outlining the steps taken by Commerce and Industry Ministry to promote business and industry, from crucial policy decisions to PLI schemes to the recent large package announced for semi-conductor industry, Shri PiyushGoyal said that new opportunities were being explored vigorously. 

Referring to the FTAs that are under works, the Minister said that FTAs with UAE, Canada, UK are soon to happen and FTA with EU and Israel have already been launched.  He added that GCC countries had also expressed interest in beginning negotiations with India on that front.  Shri Goyal said that along with an FTA with UAE, other avenues such as the setting up of an India Mart in Dubai consisting of stores, warehouses at affordable prices were also being explored.

Highlighting the huge opportunity for Indian textiles in the world market, especially technical textiles and manmade fabric, Shri Goyal urged the stakeholders of the textile industry to set big targets. He urged business and industry to be unrestricted by the past, break the barriers of traditional thinking and go ahead with confidence.

25,000 compliances reduced by centre so far in its bid to promote Ease of Living and Ease of Doing Business

 The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today urged political leadership, bureaucracy and industry leadership to focus their initiatives to reduce compliance burden, on principles of simplicity and timely delivery of services.

He was addressing the valedictory session of the ‘National Workshop on the next phase of reforms to reduce Compliance Burden’ in New Delhi today. It may be noted that more than 25,000 compliances have been reduced in the previous exercise implemented by the centre to reduce compliance burden and to promote Ease of Living and Ease of Doing Business.

Touching upon the infinite possibilities of technology, Shri Goyal said that technology must aid and abet initiatives to promote the Ease of Living and Ease of doing business and should not further complicate the system of compliances. He spoke of the need to develop indigenous solutions to problems that India faced.

The Minister asked policy makers to consider the wide disparity in income, literacy level and the gaps in infrastructure, especially connectivity, while planning the delivery of services, especially if technology is involved.

Speaking of the need to make monitoring mechanisms more robust, Shri Goyal said that monitoring of policies and programs must not become more cumbersome than the underlying problem that the initiatives were seeking to solve.

Shri Goyal opined that feedback from all stakeholders, especially users, had to be taken into account while designing compliance requirements and that ground realities must always be taken into consideration. He urged policymakers to use crowdsourcing to find out details of the compliances that were proving to be cumbersome and work on rationalizing them.

He spoke of the need to combine various services like the Digi locker and National Single Window System so that repetitive processes are rationalized, gaps are bridged and redundancies are eliminated when it comes to applying for approvals and permissions. He called for the creation of a single identification number for businesses and individuals by merging the several identification numbers that exist presently, such as Adhaar, PAN, TAN etc so that delivery of services becomes smoother and faster.

Speaking of the need to decriminalize Legal Metrology, the Minister urged industry participants to keep seeking reforms and improvements in processes and procedures. He also called for promotion of self- attestation, self- certification and self- regulation. He added that it is high time that compliance systems were built on trusting the integrity of the citizens.  

Calling for big ticket reforms, the Minister said that the new structures must not shackle people. Underscoring the need to address information asymmetry among stakeholders, Shri Goyal called for, consolidation of the gains made so far in reducing compliance burden.

The day-long Workshop was divided into three parallel breakout sessions. The theme of the first was “Breaking Silos and Enhancing Synergies among Government Departments”. The second was based on the theme of “National Single Sign-on for Efficient Delivery of Citizen Services” while the third Breakout Session is themed ‘Effective Grievance Redressal’.

Speaking at the inauguration of the Workshop, Shri Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) said that grievance redressal mechanisms must be humane and sensitive. He opined that in cases where grievances cannot be fully resolved due to rules and procedural aspects, the same must be conveyed to the complainant sensitively. Government departments could handle the genuine grievances with a human face, he added.

The Workshop witnessed wide participation from across Central Ministries and States/UTs. The ideas that took shape during the deliberations at the conference were presented to Shri Piyush Goyal and Cabinet Secretary, Shri Rajiv Gauba. 

******

Greater focus on nurturing entrepreneurship in Tier 1 and Tier-2 cities of India

 The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today called for greater focus on nurturing entrepreneurship in the Tier 1 and Tier 2 cities of India. He was delivering the Keynote Address at the 3rd Meeting of National Startup Advisory Council virtually today.

It may be noted that 45% startups in India are from Tier 2 and 3 cities and 623 districts have at least 1 recognized startup. From 2018-21, almost 5.9L Jobs have been created by startups. In 2021 alone, almost 1.9L jobs have been created.

Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the National Startup Advisory Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.

Besides the ex-officio members, the council has several non-official members, representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interests of investors, incubators and accelerators into startups, representatives of associations of stakeholders of startups and representatives of industry associations.

The Minister said that 25th December, the birth anniversary of former Prime Minister Shri Atal Behari Vajpayee, is being celebrated as Good Governance Day in India. He expressed the hope that a robust Startup ecosystem would help formalize the economy and help in improving the Ease of Living and the Ease of Doing Business and in turn help promote the ideals of Good Governance. He observed that ‘Startup India’ movement had brought a ‘change in mindset’ from ‘can do’ to ‘will do’ and helped us move past traditional notions of entrepreneurship.

The Minister said that our startups turned COVID-19 crises into an opportunity and made 2021 the Year of unicorns with 79 Unicorns now thriving. Underscoring that India is now home to the 3rd largest startup ecosystem in the world, Shri Goyal said that he believed in the power of ideas. Simple solutions can make an extraordinary impact, he added.

 Quoting Prime Minister Shri Narendra Modi, Shri Goyal said that the priority of the Government can be expressed in four words, “Minimum Government, Maximum Governance” and called for minimum Government interventions in the lives of citizens. He said that our vision is to build a New India committed to the economic progress and well-being of 135 crore Indians, especially those who have been left behind.

The Minister assured that the Government, as an enabler, is committed to develop a robust startup ecosystem by providing exceptional benefits such as 80% rebate in patent filing and 50% on trademark filing, relaxation in public procurement norms, Self-Certification under Labour and Environment Laws, Funds of Funds for startups of Rs. 10,000 Crore, Income Tax exemption for 3 out of 10 years, Seed Fund Scheme of Rs. 945 Cr and creating Open Network for Digital Commerce (ONDC), which will create new opportunities and remove some monopolistic tendencies in certain spheres.

Shri Goyal said that apart from mass jobs creation, our startups have the potential to catalyse India’s integration in Global Value Chains and increase our footprint in global markets. He urged successful entrepreneurs, especially unicorns to share their experiences with students and youth in order to inculcate startup culture and entrepreneurial spirit at grassroot levels, especially in regions like the North East of India. He asked academia, government and industry to work hand in hand to promote entrepreneurship at the grassroots level.

Urging the youth to take risks in entrepreneurship, the Minister said that you never know until you try, therefore, making mistakes should be normalised and failures should not be seen as the end of entrepreneurial journey.  We must learn to celebrate failure too, he added.

Shri Goyal called upon startups to explore the unexplored areas like rural tourism in terms of agri-stays, hotels and homestays that would help create additional income for farmers.  Shri Goyal opined that the youngsters of the nation must be encouraged to visit villages, experience rural life and come up with solutions to rural problems.  He also asked successful startups to focus on rural economy and work on solutions such as drip irrigation, natural farming etc. to improve the lives of farmers.

Speaking of the need to augment Seed Capital, Shri Goyal said that we must encourage the flow of domestic capital in our startups. He added that there was a need to make ‘Startup India’ a symbol of Self Reliance and Self Confidence. The Minister called for a participative approach from all stakeholders to achieve such an ambitious target.

Six national programmes were presented to the Minister as part of the third National Startup Advisory Council meeting to strengthen the startup ecosystem in the country. The key interventions discussed were National Capacity Building Programme for Incubators, providing thrust to the startups engaged in manufacturing sector, empowering the larger pool of Family Offices and High Networth Individuals (HNIs) to invest in startups, accelerating Deep-tech Startups which would act as a catalyst in empowering pioneers, establishing an international platform and a gateway for Indian startups to go global, propelling participation of women in the startups and a holistic programme which aims at enabling global mentorship, market access, international opportunities and B2B connects.

The video conference was attended by several Startup leaders, investors, banks, senior government officials representing various ministries/departments and key stakeholders of the startup ecosystem.

****

BITCOIN

Bitcoin is basically a computer file which is stored in a digital wallet app on a smartphone or computer. People can send Bitcoins or part of one to your digital wallet, and you can send Bitcoins to other people.You can buy Bitcoins using real money. You can sell things and let people pay you with Bitcoins.The money you put into Bitcoin is not safe from value fluctuations. Bitcoin is a volatile investment. If you’re looking for a “safe” investment with guaranteed returns, then don’t invest in Bitcoin

Bitcoin is the oldest cryptocurrency in the world. It is a digital currency that is often used to exchange value for goods and services. Bitcoins work on the principle of blockchain technology. Bitcoins can also be mined or produced using a massive computing system, complex technical process, and an active internet connection.People have traded in Bitcoin for over a decade now. Many companies have even started accepting Bitcoins as a payment method. The price of the coins has gone up substantially over the years.


In April 2018, the RBI had effectively banned cryptocurrency transactions via banks and e-wallets in the country. It was initially supported by the Supreme Court, though the top court later quashed the ban in March last year.Earlier this week, the government listed a bill titled The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 that is aimed to provide a framework for creation of an official digital currency to be issued by the RBI and prohibit all existing private cryptocurrencies. Experts, however, believe that it would take some time for the country to bring any changes.


Bitcoin held at exchanges are vulnerable to theft through phishing, scamming, and hacking. As of December 2017, around 980,000 bitcoins have been stolen from cryptocurrency exchanges.The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and the media.Bitcoin gained early notoriety for its use on the Silk Road.

How Do Website Content Services Help in Business Promotion?

As soon as technology started taking its most advance form it became imperative for the businesses to have one foot on the online platform and one in the offline market. But to get a firm foot base is important, if the businesses want an outcome that is profitable and that base is not very easy to build. The virtual world as easy as it might seem isn’t that soft for the enterprises specially small and new. It is like a mirage until it’s held together with the reality that content services provide. Content services are like the rainbow which not only makes the sky after rain beautiful but also increases the number of the people who look at it. The different ventures with an aim of making a million need the rainbow of content services at every step of their journey. These services aren’t just fancy promoting or marketing of their ventures but it is also the shade during a rainstorm i.e. when the businesses find themselves in pit-hole of losses content services come to their rescue.

The main advantage that the content services provide is that the business becomes more cost effective. The content services usually provide quality service for lot less than some might charge offline. These services have a grip over the modern technology and use the same for the marketing and promotion of the brands that associate with them. The use of cost effective techniques for marketing and the hold of the virtual world better than the companies as their clients makes it easier for both the clients and the consumers to better know the brands. The kind of content that is to be used as the promotion technique plays an important part. Mainly the companies want the content that just not only describes their business in the best of interest but also that is relevant to the customers.

The content services provide the kind of content that boosts the interaction with the brands coming in for the promotion. They engage in SEO, which just increases the interaction with concerned company and thereby increasing its credib9lity. For individuals usually indulge in the highly credible companies. Content services aren’t just the marketing or promoting for the business in one single language rather it is about the multilingual promotion of the website. With over 22 regional languages that India has, the diversity of customers is the obvious result and for this diverse customers it is important to have marketing that is multilingual and content services provide this the best. The cost that the content services take might be seen as hefty by some but in real it is rather the most cost effective way of promoting business online. With the heavy competition, comes the opportunity to promote the business heavily and if content services got your back it becomes a piece of cake to attract consumers towards the business. It is the sought of investment that just gives you enough returns.

Share Market HIGHLIGHTS: Sensex rallies 831 pts to 60138, Nifty ends near 17950; IndusInd Bank, Airtel rally

Share Market Today, Share Market Live

share Market News Today | Sensex, Clever, Offer Costs Features: Homegrown value market benchmarks BSE Sensex and Clever 50 finished 1.5 percent higher on Monday, helped by certain Asian prompts. BSE Sensex mobilized 831 focuses or 1.40 percent to 60,138.46, while NSE’s Clever 50 list flooded 258 focuses or 1.46 percent to 17,930. IndusInd Bank was the greatest gainer among the BSE 30-share bleeding edge organizations pack, mobilizing 7.5 percent, trailed by Bharti Airtel, HCL Tech, Goodbye Steel, Tech Mahindra, Dr. Reddy’s Research facilities, State Bank of India (SBI), Kotak Mahindra Bank, TCS, Infosys, among others. On the other side, Bajaj Finserv, Mahindra and Mahindra, Settle India and Dependence Businesses Ltd (RIL) were the main BSE Sensex washouts. Bank Clever hopped 1.7 percent to end at 39,764. Clever Realty was the top sectoral gainer, up more than 4%

Positive Asian signs help Sensex, Clever

Homegrown values bounced back strongly today in the wake of seeing a sharp fall over the most recent few days. Positive worldwide signs additionally upheld solid recuperation. Eminently, solid purchasing in Financials, IT and metal stocks upheld a solid meeting today. Furthermore, Clever Auto, pharma and realty additionally saw sound footing. Midcap and smallcap stocks similarly saw solid recuperation today.

Remarkably, heavenly 2QFY22 execution detailed by SAIL supported Clever metal today, while assumptions for supported income bounce back in IT organizations additionally created interests among financial backers. Binod Modi, Head Methodology at Dependence Protections.

10 SELF-MADE WOMEN OF INDIA

Vandana Luthra (VLCC)

Vandana Luthra is an Indian businesswoman, philanthropy and chairperson of the beauty and wellness sector skill council(B&WSSC). In 1989, she started the company called VLCC as a beauty and slimming service centre.

Kiran Mazumdar Shaw (Biocon Limited)

Kiran Mazumdar Shaw is known as India’s wealthiest self-made women entrepreneur who found a biopharamaceutical firm in 1978. This firm has entered in US biosimilars market ad is getting the attention of investors.

Priya Paul(Park Hotel)

Priya Paul is an Indian woman entrepreneur who is chairperson of Apeejay Surrendra park hotels. After finishing her studies from Wellesley College(US), she startred working under her father as a marketing manager.

Ritu Kumar(Fashion Designer)

Ritu Kumar is an Indian fashion designer who began her Fashion career in Kolkata. Initially, she was making bridal wear and evening clothes. After decades, she entered an international market. She has been operating her business in several different forging cities France and New York.

Suchi Mukherjee(Limeroad)

In 2012, Suchi Mukherjee created online clothing and lifestyle accessories marketplace and named Limeroad. Today this company is known as India’s most stylish online shopping website for men and women.

Indra Nooyi (Amazon)

Indra Nooyi is a former CEO of PepsiCo who has joined Amazon’s board of directors. After completing a master’s degree from Yale School of management, she worked as aproduct manager at Johnson & Johnson.

Aditi Gupta (Menstrupedia)

Aditi Gupta is an author and the co-founder of the Menstrupedia. Aditi and her husband created a comic book to illustrate and educate girkls anout menstruation. Later, they created a website called menstrupedia.com.

Falguni Nayar (Nykaa)

After working 20 years as an investement banker with Kotak Mahindra, she left the job to pursue her own dream. In 2012 she started company Nykaa, which sells online cosmetic and wellness products. Today, the company has become so famous among Indian women.

Vani Kola(Kalaari Capital)

Vani Kola is a venture capitalist and founder an d mangung director of Kalaari Capital. She has done her masters of science degree from Arizona State University. Duribg her 22 years in Silicon Valley, she founded two company Rightwrok and Certus software.

Radhika Ghai (Shopclues)

Equipped with more that 15 years of marketing experience in several industriues such S Fashion & lifestyle, advertising & public relations, and others. She became co-founder of Shopclues.com. In 2011, the company was founded in Silicon Valley.

Reliance Industries, Tata Motors, ONGC, Oil India, Infosys, Wipro, Mindtree, Coal India stocks in focus

Clever prospects were exchanging 43 focuses or 0.24 percent up at 18,047 on Singaporean Trade, recommending a positive opening for BSE Sensex and Clever 50. Financial backers will intently watch stock-explicit activities, as the profit season has acquired energy. Market members will likewise respond to CPI numbers and IIP information, delivered yesterday. “Zooming into the Clever 60 min outlines, we can see that albeit the file has revised from the highs of Monday, it bobbed back on Tuesday and figured out how to close on a solid note over the 20 time frame Mama. This shows that the present moment upswing looks set to proceed,” Subash Gangadharan, Senior Specialized and Subordinate Expert, HDFC Protections, said. He additionally accepts that further potential gains are logical once the quick obstruction of 18009 is taken out. Next potential gain targets are at 18100. Prompt help to look for shortcoming is at 17958, he added.

Stocks to observe

RIL: Dependence New Energy Sun based Restricted (RNESL), an auxiliary of Dependence Businesses Restricted, and Denmark-based Stiesdal A/S (Stiesdal) consented to a participation arrangement for innovation advancement, and assembling of Stiesdal’s HydroGen Electrolyzers in India. In another turn of events, NexWafe GmbH (NexWafe) reported the acceptance of RNESL as an essential lead financial backer in its EUR 39 million ($45 million) Series C financing round with a speculation of EUR 25 million ($29 million) in stage one.

Goodbye Engines: Indian automaker Goodbye Engines has raised 75 billion rupees ($994 million) from private value firm TPG’s Ascent Environment Asset and Abu Dhabi’s ADQ to grow its traveler electric portability business, the organization said on Tuesday

ONGC, Oil India: India’s most recent bid round for 21 oil and gas blocks pulled in only three bidders, two of whom were state-claimed adventurers Oil and Flammable gas Corp (ONGC) and Oil India Ltd (OIL), as per upstream controller DGH.

Infosys, Wipro: An aggregate of 15 BSE-recorded organizations, for example, Infosys, Wipro, Mindtree, Advik Research facilities, Aditya Birla Cash, Morarka Money, Public Norm, Amazing Octave Media Activities, Plastiblends India, Raghav Usefulness Enhancers, SDC Techmedia, Sanathnagar Undertakings, Stratmont Ventures, and Unistar Sight and sound were booked to deliver quarterly profit on 13 October 2021.

Coal India: In an implied affirmation of the grave emergency being looked by the nation’s force area attributable to lack of coal, the Middle has requested that the state legislatures move forward imports of the critical fuel for nuclear energy, regardless its raised costs in the worldwide business sectors

How is digital marketing important for business?

With the skewing needs of consumers, every field is customizing according to their needs. Whether it is the education system, health care facilities or our cravings for cars, everything has evolved. The businesses and marketing field is not behind! They have adapted to the changing times and needs of the consumers with the tool “Digital Marketing”.

The unseen, boring pamphlets strewn across the alleys have been replaced with compelling, interactive ads all across the online platforms. The Internet played a vital role in bringing evolution. The shift from traditional marketing techniques to digital marketing has helped many established as well as emerging businesses.

Digital marketing ensures the advertisement of the product or service in a cost-effective and time-saving manner along with building the trust between the customers and marketers.

Still, wondering? How digital marketing is important for your business? What does it really do?

What should digital marketing be used for?

  • Know your customers: The most crucial part and the first step of digital marketing is to have a deep understanding of your customers to know their needs. “Stop selling. Start helping.” – Zig Ziglar
  • Hunt customers: With the advancement of internet technologies, we can find almost everything online, even voracious customers. Your potential customers are online, just one click away! It is quite likely that they are looking for a product or service just like yours, but due to your absence, they might choose someone else. Make your web presence significant with digital marketing tools and ace the marketing field.
  • Keep your competitors closer: You might have heard, “Keep your friends close, and enemies closer”, it’s time you stick to the phrase in order to survive the cut-throat world of marketing. Learn from their mistakes and modify your strategy. ” In the world of Internet Customer Service, it’s important to remember your competitor is only one mouse click away.” – Doug Hammer

Let’s have a look at some of the innumerable benefits provided by digital marketing to businessess.

Benefits of Digital Marketing

  1. Real-time interaction with customers: The world of digital marketing allows the interaction between the customers and marketers in real-time. For any business or deal to take place, it is essential to have an interaction between the two parties in order to establish a bond of trust. No business deal or purchase can be made without the factor of trust.
  2. Affordable: It is undeniable that Digital Marketing is a cost-effective way to reach the desired audience. Social media campaigns, email marketing content marketing, etc. are some highly effective yet cheap methods of digital marketing.
  3. Better ROI: The use of digital marketing provides better ROI, reaching targeted customers.
  4. Increase brand awareness: The trust-building approach of digital marketing also helps in creating brand awareness among consumers. It reflects the ideals and aspirations of the brand strategy and explicitly represents the brand.
  5. Keeping up with the trends: Digital marketing tools help you to keep up with the changing trends and adapt to the present needs of the consumers. It analyses consumer behaviour and engagement.

For sure, Digital Marketing is the canopy of businesses, especially during today’s time. It is up to the efficiency of its usage and strategies.

Instagram Business And Its Secrets

World is a five letter word holding entire adventures within it. Instagram is just another world and it is flourishing as one of the top social media platforms. A gallery of smiles, luxurious outings, good moments and pretentious good moments of a million of people, the application also serves as the stage for every artist and talent in the hidden alleys by provided them the boost to come out and display their capabilities and business potential.
The application, often criticized for its contribution to building up toxic body images, beauty standards, luxurious fantasies, toxic egoism, teen inferiority complex and social media addiction is undoubtedly filled with positivity if one tries to find it in the right places.

How did instagram became a brewing pot of new businesses?

During first few months of the covid outbreak, the shopping industry had suffered a huge loss. Offline shopping was out of reach and non essential items were barred from delivery. The online applications served the needs of the people and therefore, in the absence of any other option, online platforms became the only choice for the consumers.
However, this later became a more permanent and prevalent trend with the gradual relaxation on the non essential items. With the huge choices of options available for the people, going out was not being missed. Low prices, new items, discounts and quick delivery made it convenient for almost every household to manage their expenses.

When all of it was happening, somewhere in each home, social media platforms became the major source of social interaction. Online classes,webinars,video calls, vent posts, counseling, support, emotion and mental health management campaigns were on their peak (and still are). The main shift which occurred was rooted to one main cause. If social interaction, counseling could be carried out on social media, then why not shopping?!
Instagram business owners are well aware of how diverse and creative the instagram is as a potential business platform. The creative minds used the time to present an entire online bazaar for the users with the most unique, well designed and fresh items.
According to a research conducted by Statistica,14% of the people had to say that their choice of product was only available online which made them choose online over offline.

Instagram is an application which is often used by the people to derive inspiration and ideas . People follow celebrities and influencers for their styles, writers for their writings, artists for their art, designers for their unique designs, stationary addicts for their journal decoration, interior decorators for their work and the list goes on. Instagram runs on visually rich, aesthetic, luxurious, attractive and satisfying images. Every shopping site runs on this visual satisfaction but however, the trend has been going on in instagram not long after its launch.

How Can A Business Establish Itself On Instagram?

•Whenever anyone scrolls through google to search for instagram business tactics, VISUALLY AESTHETIC IMAGES, pops up on the lists without fail. The more creative your post is, the more audience you get. Instagram is all about the glitters and what makes the businesses successful is that, they turn the glitters into gold. Catchy quotes, glimpse of your products, interesting information on it and right editing can make wonders the business owner.
If the person is aware of how much demand his product can receive on the platform, he will be presenting it in best way possible.
For example: If a person wants to start with a customized clothing business, he has to be aware of the trending styles and material. Satin dresses, for example, are doing rounds all over instagram



•Interaction is another key. Unlike typical online shopping websites where the product is all which matters, instagram users have a keen interest on knowing more about a business owner. Especially if the business is a unique handmade business of any sort . The more reels and posts you make displaying the process of making products, packaging or even having causal conversations by going live, increases your chances of gaining a bigger audience. Interacting with people in the comment section and sending direct messages to new followers, asking them to check out your page are some other good options.

• #Hashtags. The right hashtags help you to reach your targeted audience on instagram.



•Consistency Is The Key to the business growth. It applies to everything we do in life afterall. Online businesses have grown so large in numbers that the competition is unimaginable. If you have the good product, someone has a better product of the same kind. If you have great ideas, someone has greater ideas and consistent actions to make it known to the people. But, how will you survive in this race? Its simple. Its consistency. Know your ideas and work on it everyday. If you have no new collection, interact with your audience or just share a picture of your work space. Consistency on your balance of ideas and actions make success a reality . Dedicating time to your business everyday assists you largely in the growth of your online business.

Instagram is often perceived with a cynical perspective due to sharp difference in reality and the visuals which are presented on the platform. Most of the people undoubtedly try to be the perfectionist in order to sell their ideas or themselves in exchange of likes, followers and views. However, everything can be utilized if a positive approach is adopted towards it. Same goes for instagram.

SEBI clears norms for gold exchanges

The Securities and Exchange Board of India (SEBI), on Tuesday approved the framework for a gold exchange as well as for vault managers, facilitating trading in securities tied to the yellow metal. The markets regulator’s approval for the proposals made in the Union budget paves the way for the gold exchanges to be set up for the trading in ‘Electronic Gold Receipts’ (EGRs) like in the case of other securities. Existing stock exchanges will allowed to provide the platform for trading of EGRs, SEBI said after a board meeting in Mumbai.

The denomination for trading the EGRs and conversion of EGRs into gold would be decided by the exchanges with the approval of SEBI, Chairman Ajay Tyagi said, while addressing the media. The clearing corporation would settle the trades executed on the exchanges by way of transferring EGRs and funds to the buyer and seller, respectively, he said.

Vault Managers

EGR holders, at their discretion, could withdraw the underlying gold from the vaults after surrendering the EGRs. SEBI-accredited vault mangers would be responsible for the storage and safe keeping of gold deposits, creation of EGRs, withdrawal of gold, grievance redressal and periodic reconciliation of physical gold with the records of depository. The vault managers would have to have a net worth of at least 50 crore rupees. On the broader objective of such exchanges, Mr. Tyagi said, “India is a net importer of gold. We are price takers not price setters. The whole idea is to move from being price takers to the price setters. Price discovery at the exchanges will lead to… transparency in gold pricing.” Mr. Tyagi added that the exchanges would enable transparent price discovery, investment liquidity and assurance in the quality of gold. SEBI also cleared norms for social exchanges.

REGARDING CORRECT CERTIFICATE FROM EDUINDEX

From few days I am writing emails to give me certificate of date 16 june to 16 july. since month of july i am doing so but AGAIN and AGAIN I am rcieving wrong certificate. I need to prepare summer internship report. i cant attach wrong certificate. This is my last option to write here. I am in a complusion otherwise I would have not written here.

Its my humble request to everyone who is reading it please like . So that it can come in front of the team.

And if team you are reading this please prepare a certificate from the 16 june to 16 july. In my offer letter too you have mentioned same date. COMMENT ME IF YOU HAVE PREPARED. I WILL SEND U DETAILS.

I am quite depressed with such an unlawful behaviour.

Four steps to increase self-confidence

We all standed in the situation where we are thought about whether we will succeed in the life or not. To overcome this situation we need the tool called self-confidence. Some people think self-confidence is an natural born talent, but in reality ‘self-confidence’ is one of the skill in the human life which can got by doing practice and consistently. Here are I came with four habits that will improve you in daily life to boost confidence.

1) PRACTICE AND REPEATION

In life, every human being is starting their life with zero knowledge. They even don’t know how to talk , how to eat, how to walk etc. In initial life we speak with unknown way and get practice so we speak in acceptable way. Even many legends are suggested in at first but they overcome this situation by doing “PRACTICE AND REPEATION”. In initial everybody make mistakes so you don’t be affair of mistakes and failures. By doing practice and consistently, it will become easy and make you confident. https://youtu.be/LiNdUXhGeX4

2) RECALL YOUR ACHIEVEMENTS

In world we have seen some people who always spread negativism and aslo they disagree for your optimistic growth. So don’t feel low to this negatives it will waste your time and wealth. At this time, you should remember some small achievements and note it down in the small notebook it will boost your brain and confidence. And aslo write even small achievements that will help you in daily activities and aslo for building new habits.

3) POSITIVE SELF TALKING

We all everyone speak ourself everyday however it’s a common habit for everyone. But how we speak ourself is matters whether we speaking positively or negatively. Because of matter, our self talk will target about our self-confidence. If we talk about negative we attached by negative. If we talk about positive we attached by positive. Speak yourself daily mirror like:

  • I am wealthy
  • I am rich
  • I am smart
  • I am confident

ALWAYS CULTIVATE GOOD THOUGHTS AND REMAIN POSITIVE

4) FOCUS ON POSITIVE THINGS

In the life we all have both positive and negative effects. As we running our life with happiness, sadness, relaxation , many of us always attached by the negatives. This negatives are attached by themselves in the way of thinking. So the importance of thinking is attracted when you’re thinking in positive.

← Back

Thank you for your response. ✨

Please rate our website(required)

Writing To Impress

Source: Search Engine Journal

Content marketing is turning out to be a creatively challenging arena for the writers due to the increased use of content writing to promote every possible kind of business. Words have a vibe which are not only capable of attracting readers,but also can have an impact on them and thereby,to the business.
However,due to the over availability of the resources,loopholes and confusions are common issues while writing an article. However,It is important to identify the mistakes and the blunders in order to correct them. Given below are few points which lead to confusions,doubts,lack of information and content which thereby fails to create the driving factor.

Search for the knowledge: Writing takes time. An article is more than just a congregation of words regarding a topic. They are one’s perspective towards a topic and one’s presentation of the business which they represent. Absence of proper research and existence of doubts can be easily reflected from an article. Repetitive sentences and words, excessive technical details and complex points can indicate the less efforts which have been put into writing the article. For enhancing the interest in the article,the give topic has to be explored and understood in one’s own way. This renders originality to the article and portrays the individuality of the writer.

Punctuation And Grammer: Needless ro say,an article which has no proper format or punctuation can deflate the driving factor within seconds of its publication. Readers may find it difficult to read an article which lacks proper punctuations and grammer. Easy language and a simple and clean format can attract a receptive audience.

Google is not the content: In today’s reality where there can be hundreds of contents for one single( sometimes precise) topic,searching on google gives the readers an endless list. Endless choices. Then what makes your content unique? Its the writer’s curiosity to be creative and his absence of doubt regarding how might his content perform
The list of endlessness is equally available to the writer. Referring to multiple sources,without having the urge to understand the core topic can result in what we all know as plagiarism.
There are a thousands of writings prescribing different solutions & ideas. Some are just the replica of another. Considering our quick fix generation, it is only possible to hold the readers through something new. Something,which Google is not aware of. Something which is ‘authentic’.

You before Me: The major confusion which is faced while writing a content is regarding the balance between the use of ME and YOU wherein ME refers to the writer and the company. ‘YOU’ refers to the readers or customers. A common blunder to be seen in a content is its major focus on the company. Its products and schemes. Words like Using the company name again and again may annoy the reader after a certain point. They know what the company is all about. Tell them how it can benifit them. The driving factor behind a good content is to provide the readers with their own space in the writing where a link is created between what the business has to offer and how it can be beneficial to the reader. This link is to be created after a thorough understanding of the business’s products and intentions so that figuring out its purpose and benefits is quick and easy. But how to figure out the benefits in the best way?this takes us to our next point.

Empathy : As spiritual as it may sound,empathy towards your targeted audience is the key driving factor to bring the limelight to your writing. You have to relate to your readers. Imagine yourself as the audience and what you most probably would expect from the company’s products or schemes. Present the article in a way which communicates to the readers about their needs and not yours(that I was supposed to write an article,I have reached the word limit,I have mentioned the company, ‘I’ have written the solutions which ‘I’ think the company can provide. The End). While researching for writing articles or blogs,its not just the company which is to be understood but also the audience and what kind of wants they might have depending on the nature and schemes of the company.

Humour is an art: Speaking and writing,both are fields where adding a bit of something extra in a positive way can uplift the interest of the people. Just like a good speaker,through a smile and a pinch of relatable humour,can enhance the listener’s engagement and positivity,the writer can do the same to engage the readers more into their content. Lighthearted humour in the middle of an article can make it relatable and less monotonous for the reader. For example: While writing for a jewellery business,we may introduce different schemes with a light joke on how scary a one time payment seems like and how your company’s scheme can help delete the fear.Thus,one arrow,two targets. Customer engagement and creative marketing for the upcoming scheme.

Content writing is not speech giving: The content of an article should speak to the reader. It is written in the form of interaction(one way though). Writing an article considering it as a speech is just like mugging up something and vomitting it in front of a large audience while looking at the wall.
Open ended questions in the middle of an article not only engages the interest of the reader his mind too. It may make them more aware of their wants and they may take a step forward to buy your opinion and words.
Recommend the product,schemes or ideas rather than narrating its mere characteristics to the audience. Recommendations can be done creatively enough by speaking about the realistic problems of the readers and recommending the product based on the actual solution which the product is capable to provide.

Short And Sweet: Lastly,your content should be short and to the point. As your article is about marketing and not a novel or a story, lengthy articles may divert the attention of the readers. In a generation where solutions are available at a person’s fingertips,none really reads a lengthy article to find the bit which was meant for them. However,a clear knowledge and good understanding of the topic can make precision possible.Highlighting the important aspects,using short and interesting sub headings and adding pointers and bulletins attracts the full attention of the readers to the article. Using the proper words in the right places can save up our word limit to a huge extent


How many of the above mentioned points have you failed to acknowledge in the past?


With possible references and right guidelines one can start from scratch. Content writing is a competitive field. Improving and learning new methods abd concepts help us stay ahead and perform our best. Good things take time and as the saying goes,’Rome wasn’t built in a day’. Learn slow to perform efficiently.