Download App

Home

News

Pods

🚀

Startup Showcase

Notifications

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

Post on Medial

Anonymous

Stealth • 4m

The biggest problem faced by those who have made money through predominantly cash transactions in personal-centric businesses in Kerala and India is the lack of a place to store the accumulated untaxed cash. They do not need returns; they want an asset that can be safely stored and converted back to cash at any time. In the past, gold, real estate, and sometimes stocks were options. However, with Aadhar cards, PAN cards, and KYC processes tracking transactions, they fear that sooner or later, they will get caught in PMLA cases through trail and trace methods. To circumvent this, they use luxury class items to store their wealth. You might ask how they will sell these items back. That’s where the cunning of companies like Royal Drive comes in with their buy-back offer. Additionally, in a network system, one person's purchased vehicle is sold to another person, in a process called round-tripping. A's car, after depreciation, is sold to B, B's car is bought by C, and C's car is bought by

0 replies8 likes

Recommendations from Medial

Tushar Aher Patil

Stealth • 25d

Day 7 About Basic Finance and Accounting Concepts Here's Some New Concepts 8. Liquid Assets Easily convertible into cash without a significant loss in value. Examples: cash, cash equivalents, and accounts receivable. 9. Illiquid Assets Assets

0 replies4 likes

Anonymous

Stealth • 4m

🔵 The Global Decline of Cash: Opportunities for Fintech Startups ➡️ Recent data from WorldPay’s Global Payments Report 2024 reveals a significant shift in global payment trends, with cash transactions declining rapidly worldwide. This trend present

1 replies3 likes

Udyamee

Stealth • 5m

Paytm will bounce back ‼️ The company excels in management and is innovative in finding ways to generate revenue. Don't know why but I am biased toward Paytm and want it to succeed and overcome its current challenges. Yesterday, I bought some Pay

9 replies13 likes

Rishi Chavan

Stealth • 4m

I wonder what happens to the cash we give to the delivery executive on cash on delivery orders, do they hand over the exact cash to the superiors or they keep it with them and transfer money online, does some amount of Chalugiri happen in this?

6 replies9 likes

Havish Gupta

Stealth • 4m

Finding parking spots in metro cities is very challenging. Even Amit Lakhotia, former VP at Paytm, faced this issue. He sometimes had meetings scheduled at 10, and struggled to find parking at 9:50. Frustrated, he started Park+, which suggests emp

26 replies16 likes

Anonymous

Stealth • 10d

Digital Business Card App Idea Card Connect Got multiple business cards and struggling to keep them organized? Here’s a simple, digital solution. 1. Scan & Save Cards Quickly scan physical business cards and save the contact info directly into

5 replies9 likes

Sonu Kumar sah

Stealth • 1m

Can anyone tell me digital advertisements(kind of billboard) in back glass of a car is legal or not in india?

3 replies4 likes

Chinmay Rk

Stealth • 5m

I need something attractive for my shop, I recently kept bamboo toothbrush. People were so curious about this brush it attracts customer so much that they tend to buy it atleast one. I kept its price just 20 rupees I bought 1000 pic at 7.5 incl GST e

3 replies3 likes

Hiral Jain

Stealth • 5m

Hello everyone! Day 2 of knowing about businesses that failed in India! CHEVROLET The car brand ranked as the 8th-largest manufacturer globally, faced challenges that eventually led to its exit from the Indian market. They stayed for 14 yrs but deci

19 replies14 likes

Ahzam Raza

Stealth • 4m

If I integrate clothing products with quick commerce and offer a unique service, such as allowing customers to order 5 to 7 shirts to their home to try on, and then keep the ones they like while the delivery person takes back the remaining items. W

7 replies9 likes