HENCY R SHAH AND ASSOCIATES

  12 Business Lessons from the life of Shri Krishna   Certainly, there are several valuable business lessons that can be learned from the life and teachings of Lord Krishna, a central figure in Hindu mythology and philosophy. Here are some key lessons:   1. Leadership and Vision: Lord Krishna was a visionary leader who guided the Pandavas to victory in the Mahabharata war. His ability to provide clear guidance, set goals, and inspire others is a valuable lesson for business leaders. A strong vision can lead a company toward success.   2. Effective Communication: Krishna's teachings in the Bhagavad Gita demonstrate the importance of clear and effective communication. In business, the ability to articulate ideas, strategies, and expectations is crucial for success.   3. Ethical Decision-Making: Krishna emphasized the importance of dharma (ethical duty) in the Bhagavad Gita. In the business world, ethical decision-making is vital for long-term...

Professionals under PMLA On May 3rd, 2023, the Central Government issued a notification bringing practicing professionals in the field of Chartered Accountancy, Company Secretaries, and Cost and Works Accountants under the ambit of the Prevention of Money Laundering Act (PMLA) if they execute any financial transactions on behalf of clients. This notification has been issued under sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-Laundering Act, 2002 (15 of 2003). The following financial transactions carried out by a relevant person on behalf of his or her client, in the course of his or her profession, will be considered an activity for the purposes of the PMLA: 1. Buying and selling of any immovable property. 2. Managing of client money, securities, or other assets. 3. Management of bank, savings, or securities accounts. 4. Organization of contributions for the creation, operation, or management of companies. 5. Creation, operation, or managemen...

Reliance is on a War with every large business in India   Mukesh Ambani's Reliance is making bold moves across India's top industries. He is acquiring one industry at a time and keeps the customer on his own side. Jio 4G disrupted Indian telecommunication industry and killed many players, but customers love it! Jio TV is now taking over Indian OTT with free IPL, almost killed Hotstar, but customers love it! This is crazy, but it's happening! Here's a snapshot of how they're taking on the biggest players targeting the largest market share: 📈  Finance - Jio Financial Services vs Bajaj Finance Market Size: $350B | Growth: 22% | Leader: Bajaj Finance (30%)   🥤  Soft Drink - Campa Cola vs Coca-Cola Market Size: $8B | Growth: 9% | Leader: Coca-Cola (40%)   💄  Cosmetics - Tira vs Nykaa Market Size: $20B | Growth: 15% | Leader: Nykaa (25%)   👗  Clothing - Ajio vs Myntra Market Size: $70B | Growth: 12% | Leader: Myntra (35%)   🎬  Streaming -...

G20, IMF, FSB to work on policy formulation of crypto assets The Indian Administration has proposed a joint specialized paper by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) to "integrate the macroeconomic and administrative points of view of crypto-resources". These associations are supposed to introduce their joint paper during the fourth G20 Money Clergymen and National Bank Lead representatives Meet, planned next October. This would assist in the detailing of a planned and far reaching strategy with drawing closer to crypto resources, when numerous nations including India didn't have an administrative system for crypto resources. A few conversations on the issue are normal over the span of G20 gatherings this year, which will help "construct informed banter inside the G20 gatherings and lead to the detailing of composed and extensive strategy approach," as per a Press Data Department discharge. The IMF-JSB paper is "expe...

  ChatGPT hits 100 million users, makes history as fastest - growing platform   OpenAI's ChatGPT is popular, we all know that. But AI has even broken world records in popularity. ChatGPT has reportedly reached unprecedented levels of success just two months after its launch. A recent study by UBS claims that the chatbot has gained 100 million monthly active users, making it the fastest-growing consumer application in history. ChatGPT is only a few months old and already causing waves in the business world. The Microsoft-backed chatbot's ability to generate articles, essays, scripts, and poetry has made it a hit among users, who can access the application for free. To further sustain its growth and offer a more stable and faster service, OpenAI recently introduced a premium subscription.   What is ChatGPT? ChatGPT is an easy-to-use artificial intelligence tool that answers questions posed by users with relevant, natural-sounding answers and topics. The AI cha...

What is the future of Adani Group? Here are a few facts to know about the Adani Group: Almost 83% of Adani's wealth has been built in the last 3 years. Most of this is reflected due to the inflation of their stock price. How does this work? Think about it this way: if you own 75% equity in your company (valued 100Rs), then you have ₹ 75. But, suddenly if the stock price goes up to ₹ 300, you are now worth ₹ 225. This is precisely what is happening with Adani Wealth. Most of it has come due to bloating of the stock prices   Now the allegations are, that by maintaining a "low float" the stock price has been manipulated. How this works: owners own close to 75% of stocks, create a bunch of shell firms, and make them buy more stocks, so the total de-facto ownership goes up quite significantly. Therefore, SEBI has a rule that promoters can't have more than 75% ownership. Since there are very few stocks (supply) and if the demand go...

Rise of the unbelievable world: AI and Businesses AI is a rapidly growing field that is having a significant impact on businesses of all sizes and industries. AI is the simulation of human intelligence processes by computer systems and it is being used to automate various tasks, analyze data, and make predictions and decisions. One of the most common applications of AI in businesses is the automation of routine tasks. This includes things such as data entry, customer service, and even financial analysis. By automating these tasks, businesses can save time and money, while also increasing efficiency and accuracy. Another key application of AI in businesses is the use of data analysis. With the increasing amount of data being generated by businesses, it is becoming increasingly difficult for humans to make sense of it all. AI can be used to analyze this data and uncover insights and patterns that would not be possible for humans to detect. This can be used for things such as marketing, f...

RBI puts on hold NUE licensing RBI is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned as a rival to the National Payments Corporation of India (NPCI). Six Groupings, which included Facebook, Google, Amazon, Flipkart, and others, had applied for NUE licenses. RBI will not grant permission to any of the six consortiums to commence business as all of them have fallen short of the RBI's expectations. It looks like none of the applicants have proposed anything novel or a great technology breakthrough that would have made RBI look over it, almost all of the plans were similar to that of the NPCI, which did not enthuse the RBI. NPCI, established by the RBI and banks, runs the Unified Payments Interface (UPI) and other payment systems. NUEs were supposed to set up and operate a new retail digital payment system and manage clearing and settlement systems that could be an alternative to the bank-promoted NPCI. The applica...

Companies Restructure, Cut 3,00,000+ Jobs In 2022: Will 2023 Bring Stability?   We are at the business end of the year 2022, which has hardly been a smooth ride for the Corporate Job ecosystem. The year 2022 marked the end of Covid-19 restrictions and the resumption of most economic activity. However, be it recession, inflation, employment crisis, or economic downfall, the ghosts of the pandemic can still be seen in various forms. Adding up to the crisis were job cuts that turned out to be one of the biggest crises that hit the world on the sidelines of the 2019 global health emergency. Be it cost-cutting, performance-linked layoffs, restructuring purposes, or something else, we saw lakhs of job cuts this year. Worst of all, the economic downhill ride that began nearly three years ago has still not been curtailed. Amazon and Meta, two of the biggest tech behemoths, kicked out several thousand employees in 2022. Besides them, nearly other 600+ enterprises laid off more than 3,0...

Digital Rupee is the future of money Almost nine months after the Finance Minister, Nirmala Sitharaman first spoke about the digital currency in parliament, the digital rupee was launched in India. The pilot project launched by the RBI is for wholesale transactions in the bond market. The retail phase for the customers, however, will be launched sometime later. Digital Rupee or CBDC is a new digital form of money issued by central banks. The digital rupee rollout is a big step ahead in India’s digital transformation. It will be an excellent opportunity for India since it will potentially increase the ease of doing business, as well as improve resilience and security of the entire payments infrastructure. The Reserve Bank of India (RBI) has announced that the first pilot in Digital Rupee - Retail segment is planned for launch within a month in select locations. The central bank said that nine banks -- State Bank of India (SBI), Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank,...