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The common perception of “startup success” is far from reality

Every other day, there’s a hot new startup company in the spotlight, but the fact is that 90% of them are failures If you keep up with digital news, you already know the most discussed topic of today. Everyone is looking for the next big thing, whether it’s due to a need of the hour…
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How Tech Mahindra transitioned from a conventional software services company to a big startup enabler

The country’s fifth-largest IT firm is nurturing in-house startups, incubating external projects, collaborating with technology ecosystems around the world, and aiming to build some serious “deep tech” startups in India. In 2015, Tech Mahindra was one of ten Indian firms named to Forbes Asia’s prestigious “Fab 50” list. It was ranked alongside TCS and HCL,…
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Timesaverz, India’s leading on-demand home services startup, has announced its launch in Chennai.

Timesaverz, a one-stop-shop for home services, revealed today that it has begun operations in Chennai. Along with the vertical expansion in its business segments, the company’s next phase of growth will include expansion into newer markets. The company’s operations were previously only available in Mumbai, Delhi/Gurgaon, Bengaluru, Hyderabad, and Pune. Timesaverz’s founders are targeting a…
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Big Changes by Ministry of Company Affairs from 1st April 2021 to enhance transparency

Schedule III of the Companies Act 2013 contains the general instructions for preparation of the Balance Sheet and Statement of Profit and Loss of a Company. Following are the changes made in the financials/ notes to accounts on account of amendments in Schedule III brought about by MCA: 1. Now companies have to round off…
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Latest News – 30 March 2021

Latest News – 30 March 2021 Ø India, US agree to revamp strategic energy partnership Ø Adani, Torrent submit EoIs for South-East UP Power Transmission Company Ø Government not inclined to bear loan moratorium costs Ø Solar installations on pace for biggest growth in five years, IHS Markit says Ø CCI’s WhatsApp probe order a…
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SEBI – Amendments approved at SEBI LODR Regulation Board Meeting

BRR – Substitute Business Responsibility Reporting for Business Responsibility and Sustainability Reporting (BRSR). – BRSR reporting to be applicable to the top 1000 listed companies on a voluntary basis for FY 2021-22 and on a mandatory basis from FY 2022-23. Dividend Distribution Policy – Dividend Distribution Policy Formation was extended to the top 1000 listed…
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Latest Updates – 26 March 2021

Ø BPCL divestment process progressing well, with a sale completed by end of September: DIPAM Secy Ø Reliance Retail tells govt e-commerce players to avoid foreign investment norms Ø Focusing on investment from an odd 1,000 foot including Tesla: secy industries Ø Amazon urges India not to change e-commerce investment rules: Sources Ø Edelweiss Yield…
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List of the important changes in Schedule-III of the Companies Act is applicable from 1-4-2021

YOUR DIVISION-1- AS- Compliant Companies 1- It is now necessary to round the figures. Earlier it was optional Your Balance Sheet PART-I 2- Some changes to Balance Sheet items 3- In a share capital schedule – Holders of promoters must be disclosed 4- The ageing of the trade payable must be disclosed 5- The ageing…
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Year ending Tasks for GST for the financial year 2020-21

1. New Invoice Series: Ensure the creation of a set of new/unique invoices to be raised from 01 April 2021. The set should contain serial numbers. You can create multiple layers according to your convenience. 2. Physical Stock Check: The physical stock needs to be reconciled with the stock according to books of account. This…
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Latest Updates FY – 2020-21

Ø  Fitch revises India GDP growth to 12.8% for FY22 Ø  Development forum set up to promote cooperative sectors’ growth Ø  India likely to resume new bankruptcy filings after halt expires Ø  Sebi orders attachment of bank, demat, MF accounts of Rana Kapoor Ø  Hotel investment trading volume in India declines 84% in 2020, says JLL Ø  Privatising two PSBs: India…
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