Monday, March 16, 2020

"Don't feel small if your business is small," Says Dr Dhananjay Datar

·         Exhorts entrepreneurs to acquire business skills

Mumbai, 16 March 2020: "No business is small, so there is no need to feel small. What is important is that entrepreneurs acquire business skills. If they do this their business will surely be a success." This was the advice which noted international industrialist Dr Dhananjay Datar offered to entrepreneurs in a presentation to entrepreneurs in a gathering organised by Shashwat Group and Chintamani Creations in Badlapur, in Maharashtra, India.  

Dr Dhananjay Datar, chairman and managing director of Al Adil Trading well known as Masala King - narrated to the gathering of entrepreneurs his own journey as a businessman and entrepreneur which was exciting and inspiring. He explained with examples the capabilities and skills necessary to strike success in the initial stages of a business and to guard its reputation. He stressed that being successful in business is not the monopoly of any community and a Marathi entrepreneur has an equal opportunity to be a successful businessman.  
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Dr Datar said cordial and friendly attitude is a key to success in business, so it is important to keep one's temper in control and respect everyone's feelings. The youth of today makes brand-driven purchase decisions and it is important to do business in such a manner that you build a strong brand, he said. 

"Anybody can buy products; it is the selling of products that is an art. Therefore, every entrepreneur must be a good salesman. Also, one should not feel shy when doing anything necessary for the business," Dr Dhananjay Datar said, adding he had carried sacks of raw material and finished products in the early stages of his business.  

Dr Datar added that rate of profit is more important for a business than its turnover.  Whatever the business, the entrepreneur must protect its brand value, he added.  If this care is not taken even a business with high turnover can bite dust, he said.  "A loan is a tonic which can give strength to a business but it is also important to repay loans on time and guard your reputation," Dr Datar said. 

There must be fire in the belly of an entrepreneur. If that happens there is nothing and no one to stop a business from being successful, Dr Datar said.  He explained, that being educated is not an imperative for success in business. Even an uneducated person can be a successful businessman he said, adding that there are many such examples in Dubai.

Bosch PT - Bosch Power Tools India appoints Mr. Nishant Sinha as Regional Business Director, India & SAARC

Bengaluru: Bosch Power Tools India, a market leader in the power tools segment that offers a complete range of power tools for construction, woodworking, and the metalworking industry, has appointed Mr. Nishant Sinha as the Regional Business Director for India & SAARC. Nishant will bring his rich business experience to lead the growth of the power tools products, accessories, measuring tools, lawn & garden tools, and after-service businesses across multiple channels at Bosch Power Tools.

Mr. Sinha aims to develop a stronger customer-connect and focus on effective channel expansion for deeper market penetration of the power tools division. With an advanced approach, Nishant along with his team will work to broaden the reach of power tools, accessories, and measuring tools through alternate channels, while also strengthening the digital and services network of the brand.

On his appointment, Mr. Nishant Sinha said, “I am happy to lead the Bosch Power Tools division in India and SAARC and look forward to fostering a collaborative work culture delivering high-performance standards to provide superior value to the customers and stakeholders. Bosch Power Tools in India and SAARC have exceptional people and an innovation-oriented work culture that has ensured its past successes as a market leader. I endeavor to channelize its full potential to propel growth and a wider outreach with customer-focused quality-driven initiatives.”

Nishant is an engineer from I.T. Banaras Hindu University and has a post-graduate degree from IIM Calcutta. His vision for the company is to curate compelling value propositions and customized solutions satisfying customers while adding value to the organization and its customers across relevant markets

Rudra Kaushish to exit Dadi Amma Dadi Amma Maan Jao?

Dadi Amma...Dadi Amma Maan Jaao! is a new TV show that airs on Star Plus. The show premiered on January 27, 2020, and airs from Monday to Friday at 7:30 PM. The show revolves around the story of two sisters, Shraddha and Anjali, who are striving to fulfil their dreams and goals in life. They also have the responsibility to look after their grandparents.

Dadi Amma... Dadi Amma Maan Jaao! gathered a lot of positive response when it was launched. This was because of its unique and interesting storyline. Even the star cast was much appreciated. The social media is rife with speculations that the show will soon go off air by the mid of May 2020. According to the reports, Rudra Kaushish has already made an exit from the show. Rudra used to essay the character of Vikaas Pradhan. It is being said that he would be beaten up by certain goons in the forthcoming episode and due to this, he will succumb to his injuries. This would be the first such shocking and turning point in the Pradhan Family who are now portrayed in a happy state. However, Rajshri Productions, the production house has not officially revealed anything yet and even Rudra Kaushish hasn’t shared his comment on the rumours. 

Rudra Kaushish, who has been an integral part of Hit shows like ‘Yeh Rishta Kya Kehlata Hai’ and ‘Kulfi Kumar Bajewala’ has turned out to be a producer now and has been producing successful web series on the OTT platforms

Management Guru and Padma Bhushan 2020 Awardee Dr. Jagdish Sheth Joins UnoLigo Advisory Board

UnoLigo Solutions Pvt Ltd, India’s first Customer Transmigration Platform company is very pleased to announce that Padma Bhushan 2020 Awardee Dr. Jagdish Sheth (Charles H. Kellstadt Professor of Business at Emory University’s Goizueta Business School) will join its advisory board. Dr. Sheth has published more than 200 articles in leading journals and has written a number of books. His most recent book is Genes, Climate, and Consumption Culture. Some other books he has written prior to this include Chindia RisingThe Rule of Three: Surviving and Thriving in Competitive MarketsClients for Life: How Great Professionals Develop Breakthrough RelationshipsHandbook of Relationship MarketingThe Self-Destructive Habits of Good Companies, and The Accidental Scholar.

Speaking to the press, Dr. Sheth pointed out, “I am very excited to join the advisory board of UnoLigo in their journey to evangelize customer transmigration. It is very pertinent for brands and companies to improve on their customer engagement outcomes. UnoLigo and UnoBot have been at the forefront of demonstrating how technology can be leveraged to minimize cultural and social biases we all encounter as customers. It also reduces the risk of political and cultural correctness in their customer engagements. This is implemented across all customer segments, cohorts and micro-markets thus leading to powerful insights and analytics in the process.”

Adds Jehangir Abdullah, Co-Founder of UnoLigo, “We are very excited to have Dr. Jagdish Sheth a pioneer in the field of marketing, customer behavior and customer transmigration join our board. Having Dr. Jagdish on board reinforces our vision and commitment to keeping the customer at the center of customer transmigration.”

Kapil Khandelwal, Director EquNev Capital and popularly known as Father of ‘Quant Offshore Hedge Fund Investing’ in India amongst the Hedge Fund Managers in India and abroad had in January 2020, invested an undisclosed amount in UnoLigo pivoting the knowledge and platforms from its hedge fund EquNev-K1t Capital. Commenting on the development, Khandelwal remarked, “We are fortunate and blessed to have Dr. Sheth on the advisory board of UnoLigo to mentor us to develop and build customer transmigration as a concept in the emerging markets. This also cements my 2-decade old relationship with Dr. Sheth since my Wipro days when he was on its board. Over the last 2 months since our close of investment in UnoLigo, I have personally reached out to over 120 enterprise customers in India and there has been very positive validation on our product strategy and strong acceptance of our product value proposition. UnoLigo, in this short time, has already generated over 30 PoC across various sectors and enterprise segments. Dr. Sheth’s insights have been very powerful in the context of what we are developing on UnoLigo and UnoBot platforms.”

In a recent related story, UnoLigo’s algorithms picked up the gas leak and fire at ONCG terminal in Navi Mumbai a couple of months ago before Mahanagar Gas and Fire Department were officially aware. UnoLigo played a significant role to get a major disaster averted in Navi Mumbai.

Wednesday, March 11, 2020

जीएसटी कंपोजिशन स्कीम के लिए आवेदन शुरु, स्कीम में छोटे कारोबारियों के लिए हैं ढेरों फायदे

वर्ष 2020-21 में जीएसटी कंपोजिशन स्कीम से जुड़ने के लिए आवेदन शुरु हो गए हैं। मौजूदा रजिस्टर्ड करदाताओं को इसके लिए 31 मार्च 2020 से पहले जीएसटी पोर्टल पर ऑनलाइन आवेदन करना होगा। यह स्कीम विशेष रूप से छोटे व्यवसायियों के लिए बनाई गई है। इसमें छोटे व्यापारियों को अपना हिसाब-किताब रखने, रिटर्न फाइल करने और कर जमा करने के मामले में कई रियायतें दी गई हैं।

क्या है जीएसटी कंपोजिशन स्कीम: कंपोजिशन स्कीम में व्यवसायियों को एक फिक्स रेट, एकमुश्त टैक्स पेमेंट और साल में सिर्फ एक बार रिटर्न जमा करने की विशेष सहूलियत दी गई है, जो सामान्य टैक्सपेयरों को नहीं दी जाती। इस स्कीम में वे करदाता जुड़ सकते हैं, जिनकी कुल सालाना टर्नओवर रु. 1.5 करोड़ है। उत्तर-पूर्व के सात राज्यों और उत्तराखंड के लिए यह सीमा रु. 75 लाख रखी गई है। अगर कोई व्यवसायी माल के साथ-साथ सेवाएं भी प्रदान करता है, या केवल सेवाएं प्रदान करता है, तो इसके लिए,पूरे देश में,कुल टर्नओवर की सीमा रु. 50 लाख है।

कंपोजिशन स्कीम के फायदे: जीएसटी कंपोजिशन स्कीम छोटे व्यापारियों के लिए कई तरह से फायदेमंद है:

1. निश्चित दर पर एकमुश्त टैक्स- कंपोजिशन स्कीम के अंतर्गत टैक्सपेयर को अपनी बिक्री (सप्लाई) पर निर्धारित, विभिन्न दरों से जीएसटी जमा करने की जरूरत नहीं है। इसके बजाय वह अपनी कुल बिक्री पर एक निश्चित दर से एकमुश्त राशि जमा कर सकता है।

2. तीन महीने में एक बार टैक्स- करदाता को हर महीने टैक्स जमा करने के बजाय, तीन महीने में केवल एक बार टैक्स जमा करना होता है।

3. मासिक रिटर्न की बाध्यता नहीं- जीएसटी के सामान्य टैक्सपेयरों को जहां हर महीने या तिमाही रिटर्न फाइल करना होता है, वहीं कंपोजिशन स्कीम के करदाताओं को वर्ष में सिर्फ एक बार रिटर्न फाइल करना होता है।

4. कम हिसाब-किताब-इनपुट टैक्स क्रेडिट की प्रकिया में शामिल न होने की वजह से ऐसे करदाताओं को ज्यादा हिसाब-किताब रखने का झंझट नहीं रहता।

कंपोजिशन स्कीम से कैसे जुड़ें:जीएसटी कंपोजिशन स्कीम से जुड़ना काफी आसान है। इसके लिए, सामान्य टैक्सपेयर के रूप में रजिस्टर्ड व्यवासायियों को जीएसटी पोर्टल के फॉर्म सीएमपी-02 में सूचना देनी होगी। इसके लिए अंतिम तारीख 31 मार्च है। जबकि, जो व्यवसायी पहली बार जीएसटी रजिस्ट्रेशन ले रहे हैं, वे रजिस्ट्रेशन के वक्त ही पोर्टल पर फॉर्म सीएमपी-01 में सूचना देकर इस स्कीम से जुड़ सकते हैं। एक बार इस स्कीम से जुड़ने के बाद अगले वित्त वर्षों में दोबारा सूचना देने की जरूरत नहीं है। यही नहीं, टैक्सपेयर किसी भी समय इस स्कीम से बाहर भी निकल सकते हैं। जीएसटीएन के आंकड़ों के मुताबिक 16,82,000 से ज्यादा टैक्सपेयर कंपोजिशन स्कीम से जुड़े हैं।

NGO Cope with Cancer takes the #ShootITMovement to more women at CANTHON 2020

Mumbai, 8th March, 2020: Breast Cancer in India is the most common cancer in women in most states; Maharashtra alone recorded over 6,000 deaths last year. Experts say that many women present symptoms at stage 2B and beyond and thus survival rates are essentially minimum. It is imperative for one to understand and be aware about the risks associated, which is considered as the first step to beat cancer!
With an aim to equip women to self-examine themselves and prevent the onset of breast cancer prognosis, Cope with Cancer, a city-based NGO has initiated the #ShootITMovement. Their presence at CANTHON 2020, Mumbai’s Half Marathon takes the initiative, promoting easy breast self-examination, further. Spearheaded by Dr. Anand Parihar, Founder, Cope with Cancer, the interactive session at the event was crafted to help women understand how easy and simple this life-saving procedure is.


-INR 14,31,570 raised for The Extra Mile charity programme with Magic Bus 

March 6 2020 (Mumbai, Maharashtra): The second edition of the 2020 Bloomberg Square Mile Relay Global Race Series took place in Mumbai today with Reserve Bank of India winning the race and being named the ‘fastest firm in the city’, following their first place finish with a time of one hour, three minutes and 55 seconds. Over 500 runners from Mumbai’s biggest companies were on the specially designed one-mile (1.6km) course at Jio World Garden, BKC, competing for the prestigious title. 
The Mumbai race was kick-started with a flag off by Mr Aditya Thackeray, Cabinet Minister of Tourism and Environment, Government of Maharashtra. The yearly event, which takes place in 12 cities across the world, is now a key fixture in Mumbai’s calendar and promotes team-building and bonding amongst colleagues in a fun, yet challenging, environment.
Madhu Sudan Mani, team captain of the winning team from Reserve Bank of India, received the coveted winner’s trophy on stage at the awards presentation and said: “We are delighted to be the champions of the second edition of the Bloomberg Square Mile Relay. We finished third last year so this time we trained to be the champions.”
Reserve Bank of India were closely followed by Nomura in second place, and IDFC First Bank in third. The Fastest Mixed Team award was won by Bloomberg and the Fastest Female Team of the night was Nomura. Captain of Nomura’s all-female team ‘Run Like A Girl’ Pema Sherpa said, “We were the defending champions, so running the second edition with the same motivation was the aim. We ran like a team today and won like one. I hope to keep the momentum high for the next edition.”
The race culminated in celebrations in the Race Village which saw a high-spirited atmosphere with runners, supporters and the local community enjoying the music and complimentary hospitality.
The race has adopted sustainable practices, including a policy of no single-use plastic on race night, so provided runners with sustainable race medals and re-useable water bottles on site. In addition, all leftover food from the event will be donated to Zomato Feeding India NGO. Finally, with the collective objective of making an actionable impact in the society through The Extra Mile charity initiative, the event has set an enormous benchmark for years to come.
Ahead of participating, all runners were asked to select and run for one of three causes put forward by Magic Bus, The Extra Mile partner. The cause with the quickest average time was Education, receiving over 25% of each team’s race entry fee, amounting to INR 14,31,570/-. Magic Bus will now use this donation to deliver a year-long program to address this cause.
Expressing his thoughts on the Mumbai edition, James Hassett, Managing Director, Bloomberg Square Mile Relay said,” We are delighted to once again have experienced such a warm welcome from all the companies in Mumbai and enjoyed such a fantastic race and incredible atmosphere tonight. Congratulations to all the runners who took part and created such a fun sense of community. We are proud to support Magic Bus and their amazing work here in Mumbai through the brilliant cause chosen by our runners tonight, Education. We look forward to bringing the race back to Mumbai again next year.”
Other main sponsors included Experience Partner, White Owl Warehouse, Media Partner Bloomberg Quint and Fitness Partner Bombay Running.
Headline sponsor Bloomberg, the global business and financial information and news leader, has supported the event since it began in the heart of London’s business district in 2007. In 2020, the global race series will be added to the sporting calendars of 12 cities worldwide, with a wide range of companies taking advantage of the opportunity to network, collaborate and bond in a one-of-a-kind team building experience outside their working environment.
For further information on the Bloomberg Square Mile Relay visit the website at