The Indian economy is thriving despite umpteen challenges. It is among the fastest growing economies in the world and has already become the sixth largest economy. The picture may not be very rosy in rural areas. But in urban metros, there is a startup ... Sify, 2 days ago
Netmed plans to procure from drug manufacturers and sell to pharmacies it has tie-ups with, and to spread its network to all tier-II and tier-III cities. Netmed.com, an online pharmacy, plans to start supplying to offline pharmacies apart from selling directly to patients. Pradeep Dadha, founder and CEO of Netmed, said the company had the requisite infrastructure in place and was awaiting the goods and services tax to begin business-to-business arrangements with pharmacies. Dadha explained ...Rediff.com, 1 month ago
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore. The stellar debut by Asia's oldest bourse, BSE, may augur well for the upcoming IPO of the National Stock Exchange of India and boost its valuations as investors repose their faith in the exchange business. "This will work in the favour of NSE," said Dara Kalyaniwala, VP-investment banking, Prabhudas Lilladher. "The merchant bankers pricing and marketing the issue will be guided by the response given ...Rediff.com, 1 month ago
Handset-maker Micromax is setting up a $75-million independent fund that will focus on investing in domestic and international consumer internet companies. In the last two years, Micromax has already invested in about 10 startups, including ixigo, Gaana, ...Deccan Herald, 1 month ago Micromax sets up $75m fund to invest in consumer internet companies The Financial Chronicle, 1 month ago
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement. Foreign portfolio investors (FPIs) are jittery as recently revised India-Singapore tax treaty has created confusion over general anti-avoidance rule (GAAR) overriding bilateral tax treaties. This is despite the fact that a high-level panel, led by tax expert Parthasarathi Shome, had recommended that GAAR should ...Rediff.com, 1 month ago
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record,' says Tinesh Bhasin.Illustration: Dominic Xavier/Rediff.com With leadership positions changing every few years, betting on their past performance is not the best strategy If you were to choose between a mutual fund (MF) that gave 24 per cent annualised returns for 20 years and a ...Rediff.com, 1 month ago
Hyderabad-based Pi Datacenters wants to be the first destination of choice for enterprises in data and cloud services. When working for Intel Corporation for over 15 years, Kalyan Muppaneni, founder and chief executive of Pi Datacenters, was always close to the hardware, digitisation and server market. That was how he developed a passion for back-end infrastructure, an area not many techies would think of for entrepreneurial pursuit, given the complexities involved. The cloud server market has ...Rediff.com, 2 months ago
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