Author Archives: Loknath Das

10 Steps to Start an IRA for Small Business Owners and the Self-Employed

An Individual Retirement Account (IRA) is a savings account, which is designed to help individuals save for their retirement. IRAs are popular as they enable an individual to save for retirement with tax-free growth or on a tax-deferred basis. There are two different types of IRAs — Traditional and Roth IRAs. The principle difference between the two is that traditional IRAs ... Read More »

Butcher Shop Startup Discovers Crowdfunding Magic Via Intuit

What startup entrepreneur hasn’t dreamed of borrowing Cinderella’s fairy godmother or Aladdin’s genie to make their every wish come true? While they weren’t necessarily wishing for it, that’s exactly what happened to Will and Erica Messmer of Jersey City, New Jersey. Before the couple got married earlier this year, they decided to pursue their dream of entrepreneurship. They had just ... Read More »

How to Use Cryptocurrencies and Blockchains to Innovate in Your Small Business

For businesses, these are exciting times, especially with the enhanced capabilities that fintech startups and service providers can offer, whether you are an enterprise seeking to optimize operations or a small business looking to expand. Looking beyond the cryptocurrencies, however, what’s more important are the fundamental technologies that underpin these new asset classes, which are their respective blockchains. These are ... Read More »

There’s a reason many more Indians might want to read the works of Clarice Lispector

It was in the year 1943, at the age of 23, that Clarice Lispector published her first novel, and on the suggestion of Lúcio Cardoso, whom she was in love with, titled with a line from Joyce: Near to the Wild Heart. And just like first loves are often followed by greater, more intense loves, Lispector’s masterpieces came later, but in ... Read More »

Why do Indian online shoppers trust Flipkart more than Amazon? This survey has the answers

At least on one front, homegrown Flipkart appears to be inching ahead in its fierce battle against American e-commerce major Amazon. Indian shoppers trust Flipkart as a brand more than Amazon, according to a recent survey by e-commerce advisory firm Redseer Management Consulting, which polled 7,500 respondents across 30 cities between July and September 2017. The survey rates the companies ... Read More »

Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

The Finance Ministry in a series of tweets earlier this week clarified that rights of depositors will not be compromised by the Financial Resolution and Deposit Insurance Bill, 2017, or FRDI Bill, expected to be tabled in the Parliament in the upcoming winter session. The ministry said that “besides providing similar protection /guarantee of Rs.1 lakh to depositors,as it exists today, the ... Read More »

Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows in anticipation of rate hike by the US Federal Reserve and a strong dollar overseas largely ruled forex market sentiments. Though the RBI’s policy outcome ... Read More »

Sensex soars 301 points, reclaims 33,000-mark

  Market benchmark Sensex surged 301 points to close at 33,250.30 on Friday on unabated buying by domestic institutional investors amid positive global leads. The wider NSE Nifty too went past the 10,250-level. The 30-share BSE Sensex opened on a strong footing at 33,034.20 and maintained its upward trend to hit the day’s high of 33,285.68 before ending at 33,250.30, ... Read More »

Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late Thursday in the U.S. The wild swings happened just days before trading in bitcoin futures begins on a major U.S. exchange. Major banks took notice, with ... Read More »

Buy, Sell, Hold: Here are 6 stocks that are in focus today

Brokerage: CLSA | Rating: Buy | Target: Rs 905 The global research firm said that outlook for exports has improved significantly. It sees demand picking up in key industrial export segments and a strong 34 percent EPS CAGR over FY17-20. The brokerage said that the firm had valuations at 30x one-year forward PE are not cheap but should sustain. Dish ... Read More »