Jaypore: Started 8 Years Ago From Old Haveli, Now Acquired For 110 Crores
Aditya Birla Fashion and Retail Limited acquired Jaypore e-commerce that started its operations from an old haveli for Rs. 110 Crores. Jaypore is an ethnic apparel and accessories retailer that deals mainly in the traditional market. Puneet Chawla and Shilpa Sharma started the premium online store some eight years ago at an old Haveli in Shahpur Jat, Delhi. The online store was incorporated in February 2012 by Puneet and Shilpa jointly and offers a wide range of products, ranging from traditional clothes and home décor to jewelry and accessories. Jaypore had revenues of Rs. 39 crore in FY19. The deal
Read moreGovernment Plans To Integrate MSMEs With Big Enterprises
Government is planning to set up facilitation centers across the country to help Micro, Small, and Medium Enterprises (MSMEs), said Ram Mohan Mishra, MSME ministry’s additional secretary on Monday. The MSME is considering this step to increase the competitiveness in the sector and integrate them with big companies. The services are available in the market, but others don’t know about them. The development of enterprise facilitation centers will help in disseminating information and diagnosing troubles faced by them. How To Determine It Is The Right Time For MSME Growth? Ram Mohan Mishra also added that the ministry is working towards
Read moreGST Council Meeting On June 20, May Take Decision For e-invoice For B2B Sales
A GST council meeting is scheduled on June 20, 2019. The Finance Ministry is likely to decide on e-invoice for B2B sales. The decision will be taken on the turnover threshold for entities which will generate an e-invoice on government portals for business-to-business (B2B) sales. The government may fix Rs. 50 crores as the turnover threshold for e-invoice under GST. HSN Code List: Find HSN Code In India For GST Filing Notably, the GST officers were working on a system where businessmen with a turnover of the certain threshold will generate e-invoices on GST or government portal. This step was
Read moreShould You Apply For Loans for Self-employed Online or Offline?
Technology has bought tones of changes in everyone’s day-to-day life. One such significant change is that loans for self-employed can be applied online. Yes, it is now possible to apply for a personal loan for a businessman online from the comfort of the house. The loan application can be filled with just a few clicks. Gone are the days when the business owner was required to visit the lender’s office to apply for a loan. With the online business loans, he can search online, compare loans, and apply for it from his home only. The availability of online loans for
Read moreTop Reasons Why Loan Lenders Hesitate In Granting SME Loans
Many small business owners apply for SME loans for their business. However, getting the SME loan application rejected is not less than a nightmare for an SME owner. As per the reports, the number of applications which are denied is more than the approved ones. Many business owners pass through the same situation where they get a negative response from the lender. The risk of the business loan turning into NPA has made loan lenders more restrictive on approving applications. Additionally, there are several other reasons as well that lead to loan application disapproval. If the borrower knows in advance
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