Scions of ex-royals and descendants of old money families are seeking to monetize high value family-held collectibles. It isn't as big as the art market and there are some restrictions on selling to foreigners. Business is getting brisk, though, as today's heirs look to monetize these prized possessions.
Amended Chit Fund Act brings tighter norms, transparency. Should you use chit funds as savings tool?
Now chit funds are trying to carve out a cleaner identity, a campaign that culminated in a slew of amendments to the Chit Fund Act. These changes have become operative from the beginning of this year.
Microfinance is showing early signs of loans going bad en masse. And the problem is complicated by aggressive strategies of larger lenders.
Employee stock options, including those in unlisted companies, is a new bet many institutions and rich investors are taking.
The fund started by eBay founder Pierre Omidyar, which has been investing in India for 10 years now, claims to have touched the lives of 550 million Indians, having deployed $300 million. It intends to invest $350 million over the next five years.
The supplications of banks on behalf of their rich clients are endless and often bordering varied oddities.
We need inclusive capitalism that can help vulnerable people: Rajiv J Shah, President, Rockefeller Foundation
The foundation, active in India since 1913, has now partnered with Tata Power to install mini grids to supply power to more than 10,000 villages. “We can bring the cost down significantly… and we are sure low income customers will pay for reliable power,” says Shah in an interview with Shailesh Menon in Mumbai.
The Indian art market is shifting rapidly from the traditional auction houses and galleries.
A group of poppy importers and India’s poppy farmers are alleging that a small number of importers have cornered the latest import order via an informal cartel. The allegation is also that these importers had paid Turkish exporters much in advance of the CBN order.
Entrepreneurs featured in this story are from wide-ranging backgrounds and education.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon