May 22, 2021

Getting Tech off the Floor: From Crowdfunding to Cryptocurrency

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A profitable product takes greater than an thought and technical and manufacturing know-how. Promoting and advertising expertise is popping out to be tougher than creating the expertise within the first place. And funding it? Nicely, that’s the place advertising actually kicks in. 

Naturally, you possibly can attempt your luck with a financial institution mortgage, however steep charges of curiosity, demand for collateral and stringent credit score insurance policies don’t make issues straightforward, and committing to mortgage repayments is usually a large ask, relying on what level you’re at in your product journey. Enterprise capital might be virtually as tough to entry, and even angel buyers appear to be turning into extra demanding of their phrases and governance necessities. That is the place crowdfunding involves the fore.

Crowdfunding 101

Basically, crowdfunding includes elevating capital by way

Prime headlines: FY21 ITR submitting deadline prolonged; Havells This fall web rises 71{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942}

Govt extends FY21 ITR submitting deadline

The federal government on Thursday prolonged the due date of submitting revenue tax returns for 2020-21 for people by two months until September 30.

The Central Board of Direct Taxes (CBDT) has additionally prolonged the ITR submitting deadline for firms by a month until November 30. Learn extra

Havells This fall revenue rises 71 computer to Rs 304 cr

Shopper electrical items maker Havells India on Thursday reported 70.95 per cent rise in consolidated web revenue at Rs 303.83 crore for the fourth quarter ended March 31, 2021.

The corporate had posted a web revenue of Rs 177.73 crore within the year-ago interval, Havells mentioned in a regulatory submitting.

Income from operations was up 50.59 per cent to Rs 3,339.21 crore

Sugar shares buying and selling weak on subsidy squeeze could also be an anomaly

Sugar shares retreated on Friday after the central authorities minimize subsidy on sugar exports. The mixed market capitalisation (m-cap) of the nation’s high 15 sugar producers was down 2.8 per cent on common on Friday. As compared, the benchmark BSE Sensex closed the day with features of practically 2 per cent to reclaim the 50,000-level.

Friday’s fall in sugar was, nevertheless, an aberration. The sector has been an outperformer as a consequence of a mix of upper sugar costs and low uncooked materials (sugarcane) costs.

The Uttar Pradesh (UP) authorities – the nation’s largest sugar-producing state – has not raised cane costs for 4 years. There was a gradual rise within the margins and profitability of listed sugar corporations – a majority of them having factories in UP.

The mixed m-cap of those high sugar producers has jumped greater than 3x