Silicon Valley Bank collapse can affect over a lakh of jobs. The FDIC’s standard insurance covers up to $250,000 per depositor. What happens to the depositors whose more than $250,000 are lying in the bank? Companies like RazorPay, AngelList and other neo-banks have jumped in to provide solutions to startups. On 9th March 2023, major […]
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Managing finances can be challenging, whether it is a corporation or a person. You should hire a reputed accounting firm to maintain control over your business goals. To meet various demands, companies like Archimedia Accounts provide a broad range of services like tax saving services, bookkeeping, income tax, etc. A few essential services offered by […]
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Financial statements are an essential tool for businesses to communicate their financial performance and position to stakeholders such as investors, lenders, and regulators. Here in this article, you will find the answer to your question. Let’s go for it! The answer is YES! One of the key requirements for financial statements is that they must […]
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NABARD stands for National Bank for Agricultural and Rural Development. It is one of the preeminent banks in India that aims to provide financial support, credit, and other forms of assistance to all involved in the agricultural, cottage, handicrafts, and other small industries in the rural sector. In order to promote various developmental activities and […]
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What names come to your mind if we ask you about one of the biggest companies in the world? All you think about is Amazon, Flipkart, Google or maybe Microsoft. But there are very few people who know about BlackRock. Despite being the largest asset management company in the world, BlackRock has become the underdog […]
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“Carrying decades of commitment to business ethics, Bajaj Finserv provides the highest standards of financial services.” Sanjiv Bajaj (Chairman and MD, Bajaj Finserv) Financial service companies help people in investing and effective money management. It is this sector that makes people aware of how they can make the most of their savings. Empowering people financially, […]
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Reserve Bank of India (RBI) launched the first pilot of the digital rupee on November 1, 2022 The project focuses on the settlement of secondary market transactions for government securities. As per the statement by RBI, Digital Rupee will also be used for retail transactions soon. The Central Bank of India commenced the pilot launch […]
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To know how well the country is performing in terms of economic growth, GDP plays a crucial role. The Gross Domestic Product (GDP) is a measure used by economists to assess the health of the economy. Growth in GDP numbers represents that the wealth of the country is in good condition. And the negative growth […]
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Highlights: The six listed firms of the Adani Group had a gross debt of ₹2,30,900 crore as of FY22-end. Net debt after accounting for cash in hand was approximately ₹1,72,900 crore. “In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a massive debt trap, and possibly culminate into a distressed situation […]
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What is the most difficult situation that a startup company faces? There can be plenty… But the most struggling one is — finding the right venture capitalist or investor who would financially support the business. Undeniably, a venture capitalist acts as a catalyst for the entire startup ecosystem. But who exactly is a venture capitalist? […]
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