With the outbreak of the COVID-19 pandemic, the physical shutting down of industries, enterprises, and offices has been inevitable. Many argue that the step helped prevent the spread of the virus significantly.… Read More
The Road to the New Banking Ecosystem in India
Did you know that the banking system in India dates back to 1770? Surprising, isn’t it?
India has one of the most robust banking systems in the world.… Read More
Startups are slowly but surely revolutionizing the business world and grabbing center stage across many industries. If there is a group of people with the right incentives and they are organized into a startup, one can unlock tremendous human potential and can achieve incredible things.… Read More
The COVID-19 pandemic, so far, has affected more countries than both the world wars put together. The virus is not only affecting people physically but causing great mental and financial strain.… Read More
WHAT IS CASH BURN RATE?
Cash Burn rate is the rate at which a company is losing money, typically, the amount of money that the company loses in a month. Say a company spends Rs 500,000 in a month (this includes all costs – operating costs and the COGS which is the cost of making the product or service that it is selling) and earns a revenue of Rs 100,000 in the same period; then the cash burn rate for the company is Rs 400,000.… Read More
Union Budget 2020 aims to boost the regressing Indian economy. Its thrust is on protecting domestic industries and accelerating economic development and growth. The small business could cheer as the new budget aims to encourage domestic production/consumption of goods across various sectors with Custom duty rationalization.… Read More
India continues to be a favored destination to start your business. The new year brings new hopes for startups that want to leave a mark, with their innovative new products/business models.… Read More