investment Archives - Page 7 of 23

‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

October 11, 2019October 11, 2019 Loknath Das1, Bitcoin, Co-Founds, Crypto, for, Fund, investment, Million, Millionaire’, Teenage

The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as it expands globally, according to Metal CEO Hayner. The Metal subsidiary closed its first deal last month, with an undisclosed stake in the Binance-backed startup Yellow Card, which provides a cash-to-crypto on-ramp for emerging markets. A week after…

How a newspaper ad and Rs 5 lakh investment set this entrepreneur on Rs 50 Cr journey in chemicals manufacturing

October 4, 2019October 4, 2019 Loknath Das5%;, 50, a, Ad, and, Chemicals, Cr, Entrepreneur, How, In, investment, journey, Lakh, newspaper, On, Rs., Set, This

In 2002, Bengaluru-based entrepreneur Srinivas M saw a newspaper ad about the MSME Ministry conducting a training session for chemical manufacturing. Srinivas was a chemical trader at the time, and thought it would be a good opportunity to start manufacturing chemical products himself. “I saw this a way into a manufacturing sector that could pay me dividends much more than a trading business ever could. I decided to seize this opportunity, and enrolled myself in the programme,” he says. Srinivas was about to enter the chemicals industry that has grown over the years, touching $163…

Understanding the investment slowdown

September 20, 2019September 20, 2019 Loknath Dasinvestment, The, Understanding

The public sector had a secondary role to play, which, however, had increased in scope during this period. The investment rate in the country has been declining quite significantly over the last six years or so. The gross fixed capital formation (GFCF) rate had peaked at 34.3% in FY12 and then came down to 28.6% in FY18, before registering a marginal recovery to 29.3% in FY19. The story is still an enigma because in the last few years various states have held investment extravaganzas where several MoUs have been signed—for…

Clear signs of revival in industrial production, fixed investment: FM Sitharaman

September 15, 2019September 15, 2019 Loknath DasClear, fixed, FM, In, industrial, investment, of, production, revival, signs

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said there are clear signs of revival of industrial production and fixed investment after economic growth plunged to a six-year low. At a press conference called to announce the third part of the stimulus package for the economy, she said measures are being taken to improve credit outflow from banks. Also, transmission of interest rate cuts is being effected by banks, she said, adding she will meet heads of public sector lenders on 19 September to review the transmission. The Reserve Bank of India (RBI ) has since February…

Mutual Fund Investment: 5 reasons to invest in tax saving mutual funds

September 14, 2019September 14, 2019 Loknath Das5%;, Fund, In, Invest, investment, Mutual, reasons, saving, Tax, to

Investing in tax-saving mutual funds gives the benefit of diversifying your portfolio as per requirement. Tax-saving mutual funds, over the years, have proven to be the best tax-saving option for investors. While there are various tax-saving investment options such as National Pension System (NPS), National Savings Certificate (NSC), and Public Provident Fund (PPF), among others, Equity-Linked Savings Scheme (ELSS) has remained the most preferred. Here are 5 reasons why you should consider investing in tax-saving mutual funds (ELSS): 1. Lowest Lock-in Period Conventional tax-saving instruments generally come with long lock-in…

3-Point Analysis | Why should you increase investment in gold now?

September 13, 2019September 13, 2019 Loknath Das3-Point, analysis, Gold, In, Increase, investment, Should, Why, You, |

Gold has surged nearly 20 percent in 2019 while Sensex has risen 3 percent in the same period. With fears of an economic slowdown, gold is a pick which will provide stability. Moneycontrol’s Shraddha Sharma does a 3-Point Analysis on why you should increase allocation of the yellow metal in your portfolio. [“source=moneycontrol”]