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Lance Armstrong says his investment in Uber ‘saved our family’

Loknath Das, , , , , , , , ,

Lance Armstrong on escaping a $100 million lawsuit and Uber   19 Hours Ago | 04:11 After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. “It’s saved our family,” Armstrong told CNBC’s Andrew Sorkin in an interview aired on Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent venture capital firm, Lowercase Capital. Armstrong said the bulk of the money went to Uber, which at the time was…

How technology is changing rural China

Loknath Das, , , , ,

Alex Wong | Staff | Getty Images An Alibaba employee demonstrates ‘Smile to Pay’, an automatic payment system that authorize payment via facial recognition In a nation of nearly 1.4 billion, ensuring there’s efficient health care and education is a tall order for China. Especially in some of the more remoter parts of the country. At the East Tech West conference in Nansha, Guangzhou, this week, business leaders, investors and experts contemplated how the country can effectively “equalize” these services for the whole nation. Indeed, the number of internet users…

5 Ways to Keep Your Small Business in Compliance

Loknath Das, , , , , , , ,

As you strive to grow your small business, there is one thing to keep in mind: ensuring its compliance. Each state has its own set of business laws to abide by. If you fail to do what the state requires, you can lose your protections and accrue fees and penalties. Here are five basic things you need to do to keep your business safe. Small Business Compliance Tips Confirm Your Business Is in Good Standing You need to make sure your business is in good standing is important; check to ensure…

Digital Transformation: A Small Business How-To Guide

Loknath Das, , , , , ,

By now, most businesses know the hype around digital transformation. I’m often asked what’s really meant by this term, and how small businesses in particular should go about the transformation. To answer those questions, we need to start by debunking a few myths. First, digital transformation isn’t about having a website and ordering online, though those capabilities are often crucial components. Digital transformation is really about deploying the latest technologies to simplify processes a business undertakes, improve and expand services and products it provides and rethink every outcome it seeks…

Secure Channels Inc. – Why Data Collection Management and Security is so Important to Your Company Growth

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The business world today is so competitive that companies must do all they can 2 prepare themselves for fight and to constantly rearm themselves for subsequent battles. So much of how a company operates today must be based on their clear understanding about what is valuable and how to use those valuable things to win. In terms of company tools and strategies, there are depending upon the industry you were in several key things that need to be acquired and utilized. They always relate to your employees, your vendors, and…

Filing Income-Tax Returns: 5 tax implications of mutual fund investments

Loknath Das, , , , , , , , ,

If you are a  mutual fund investor, one of the important things to understand is the tax implications on your investments. Investment in mutual funds comes with various tax provisions. Thus, while investing in equity funds can carry tax saving benefits under Section 80C of the Income Tax Act along with the Long Term Capital Gains (LTCG) taxation, investing in debt funds come with indexation benefit. However, there is often confusion on mutual fund taxation. For example, many of us think that investments in all equity mutual fund are eligible…