Hey I am on Medialย โขย 1y
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. Thatโs 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
Trying to do betterย โขย 8m
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
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This is the greatest heist in business history. This guy sold his company for $550M... Then bought it back for JUST $1. The original buyers lost $800M in the process. Here's the incredible story of how Dave Portnoy won his company back. In 2003,
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Gave โน10 to a shopkeeper. Bought an item for โน9, got โน1 back. Then bought something else for โน2 and gave that โน1 back. Now the shopkeeper has โน10 and a โน1 coin I returned. So technicallyโฆ I bought โน11 worth of stuff for just โน10. And he paid me a r
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๐ต The Global Decline of Cash: Opportunities for Fintech Startups โก๏ธ Recent data from WorldPayโs Global Payments Report 2024 reveals a significant shift in global payment trends, with cash transactions declining rapidly worldwide. This trend present
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Paytm will bounce back โผ๏ธ 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
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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
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