सोमवार, 13 सितंबर 2021

Garmin India is excited to bring in the ultimate sale and amazing deals (Upto 25% off) on selected products on the occasion of Garmin’s Birthday



NATIONAL, MUMBAI  13 SEPTEMBER, 2021 (TGN): Duration: 13th Sept’21 to 30th Sept’21

Appended are the offers available:

 Garmin Forerunner 745 (Black/Magma Red)
Offer Details: MRP- Rs. 51, 990, now available at Rs. 45,990
Link of Spec Sheet: https://www.garmin.co.in/products/wearables/forerunner-745-tropic/#specsTab

 Garmin Lily (Dark Bronze/Light Gold)
Offer Details: MRP-Rs. 25,990, now available at Rs.22,990
Link of Spec sheet: https://www.garmin.co.in/products/wearables/lily-darkbronze/#specsTab

 Garmin fēnix 6 (Sapphire – Carbon Gray)
Offer Details: MRP- Rs.82,990, now available at Rs.72,990
Link of Spec Sheet: https://www.garmin.co.in/products/wearables/fenix-6-sapphire-carbon-gray/#specsTab

 Garmin fēnix 6X (Sapphire – Carbon Gray)
Offer Details: MRP- Rs.88,490, now available at Rs.77,990
Link of Spec sheet: https://www.garmin.co.in/products/wearables/fenix-6x-sapphire-carbon-gray/#specsTab

 Garmin fēnix 6 Pro Solar (Mineral Blue)
Offer Details: MRP-Rs 98,990, now available at Rs. 84,490
Link of spec sheet: https://www.garmin.co.in/products/wearables/fenix-6-pro-solar-blue-white/#specsTab

 Garmin fēnix 6X Pro Solar (Titanium Carbon Gray)
Offer Details: MRP-Rs 98,990, now available at Rs. 87,490
Link of spec sheet: https://www.garmin.co.in/products/wearables/fenix-6x-ti-carbon-gray/#specsTab

 Garmin Instinct (Graphite)
Offer Details: MRP-Rs 28,490, now available at Rs. 20,990
Link of spec sheet: https://www.garmin.co.in/products/wearables/instinct-tundra/#specsTab

 Garmin Instinct (Graphite/Tidal Blue)
Offer Details: MRP-Rs 41,490, now available at Rs. 34,990
Link of spec sheet: https://www.garmin.co.in/products/wearables/instinct-solar-blue/#specsTab

शुक्रवार, 3 सितंबर 2021

Bfi-Networks is offering ultra-high-speed of up to 1GB per second with some amazing plans at affordable pricing



MUMBAI, SEPTEMBER 2nd, 2021 (TGN): Bfi-Networks, a Secure Wireless Broadband service is one of the leading internet services providers in Mumbai. It is one of the fastest-growing service providers and continues to expand its services.


Bfi Networks Private Limited also known as B ‘net’ holds a Unified Access Services – ISP, Category I Certificate granted by the Department of Telecommunications (DoT), Ministry of Communications, Government of India & Down linking Permission granted by the Ministry of Information & Broadcasting (MIB).


BFI- Networks offers Fiber optic high-speed reliable and secured data plans that are unlimited data and other offers with varying network speed offers tailored to suit your individual needs. Its main business focus is Best High Speed & Internet service and customer care services.
From school lessons and office work to physical exercise or Yoga and doctors’ appointments or even video consultations – more and more aspects of people’s daily social and professional lives are moving online as a result of the Coronavirus (COVID-19) pandemic. This trend is particularly visible all over, people are advised to stay at home, self-isolate, or shelter in place, while most states and localities, school and public business closures in an effort to slow the spread of the virus. Hence, millions of people are now turning to technology for communication, entertainment, and work, causing an unprecedented spike in data traffic Bfi-Network is offering value for money internet connection and all the prices of their services come exclusive of taxes. Various plans can be checked on the official website of the company http://www.bfinetworks.com/


Speaking to our team, Mr. Sajid Vora – Founder & Director of Bfi-Networks said “The Internet has become one of the basic necessities in our lives after Air, Water, Food, and Shelter. Life without the internet seems to have no existence, it feels as if one is living an isolated life if there is no access to it. Moreover, in the ‘after corona life,’ the internet has become something excruciatingly necessary. After covid-19, everything is being managed online and indoors, therefore, it has become mandatory to have a stable internet connection and not something that takes ages of buffering! With the internet being so crucial, everybody is doing their best to afford a fast and reliable internet connection and broadband companies have also focused themselves on providing the best. With increasing competition in the market with regard to internet services, the broadband companies have been trying to provide the customers with something that their competitors are not”.

Mr. Vora further added that “COVID-19 Pushes Up Internet Use 70% and Streaming More Than 12%, as per reliable sources. With nearly all public gatherings called off, people are seeking out entertainment on streaming services like Netflix and YouTube and looking to connect with one another on social media outlets like Facebook. The Covid-19 pandemic has led to an inevitable surge in the use of digital technologies due to the social distancing norms and nationwide lockdowns. People and organizations all over the world have had to adjust to new ways of work and life. We at BFI Networks did our research and have laid down our infrastructure to manage this digital surge and the issues that arise out of it”.

Bfi-Networks provide Fiber-to-the-home (FTTH) which is a 100% Fibre Network that is a cable that contains glass/plastic fibers that transmit light instead of electricity, thus promising superior speed and Security. As a case in the point, consider Fiber that offers speeds of up to 1Gbps, Broadband allows you to complete your task of downloading or uploading large-sized files or multimedia content web pages much faster than a dial-up internet connection, thereby saving your valuable time, and giving you a superior internet experience, at the same time, preventing any tapping by hackers to steal your data.

of downloading or uploading large-sized files or multimedia content web pages much faster than a dial-up internet connection, thereby saving your valuable time and giving you a superior internet experience. ENDS

बुधवार, 1 सितंबर 2021

CA Krishna: ‘Demystifying Management Consulting as a Career Option post CA’

CA Krishna


MUMBAI, 1st SEPTEMBER, 2021 (TGN):Imagine the CEO of a major coffee chain in India coming to you with a simple problem statement, “The profits of the India business have declined over the past 2 years – how do I rectify the situation?” A management consultant’s life involves analyzing such problems & finding solutions on a day-to-day basis. 

Although management consulting has traditionally been viewed as a fiefdom of MBAs from top institutes (consulting firms are typically the top recruiters at leading Indian MBA campuses such as IIM-A, IIM-B, IIM-C, IIM-L, ISB etc.) the situation is fast evolving with many organizations such as Boston Consulting Group & Bain & Co. institutionalizing dedicated CA recruitment programs to attract talent.

Many CAs fail to consider management consulting as a career option due to lack of awareness regarding the opportunity – in this article, an attempt is made to throw some light on management consulting as a career

Management Consulting offers a great learning opportunity

Out of all the possible alternatives available to CAs post qualification, management consulting probably offers one of the steepest learning curves because of a variety of reasons. First, management consultants in the initial stages of their career get to work in a variety of industries (Financial Services, Consumer Goods, Industrial Goods, Healthcare, IT etc.) as well as topic areas (cost-reduction, sales acceleration, market entry strategy, commercial due diligence) making them well-rounded individuals. Second, management consultants get to work with senior industry professionals because the problems that management consultants try to solve are typically the ones that directly concern the CEO or sometimes even the Board. Third, colleagues in consulting organizations are extraordinarily smart people and they constantly motivate you to raise your bar. Finally, management consulting offers a very fast career progression – each promotion typically takes 2 years or less and 10-12 years in a consulting organization could lead to a partner designation.

As a newly qualified CA stepping into the world of consulting, you are not expected to have deep industry knowledge to solve each problem. Rather, what is expected is a first principles thinking approach whereby you can break down each problem into its parts to arrive at the root of the problem before recommending a solution. For example, a decline in profits for a coffee chain could be due to a supply chain issue resulting in unmet demand or even a poor marketing decision to cut back on digital spending. The solution to the problem will vary widely depending on the cause of the problem. 

At times, management consultants may have to work under tight deadlines while delivering the best solution, resulting in long working hours. However, reputed consulting organizations typically have strong processes in place to ensure that the work is evenly distributed among team members, weekends are protected etc. ensuring a positive experience along with a great learning opportunity.

Management Consulting vs. Corporate Finance roles – Selection between breadth vs. depth

Corporate Finance roles offer an equally exciting learning opportunity – however, they fundamentally differ from Management consulting in that they offer depth of learning on a particular topic and industry instead of breadth of exposure. For instance, a corporate finance role in Supply Chain Finance in an FMCG company may involve accurately forecasting production costs, streamlining production processes to reduce costs, and leveraging organization wide best practices. As you continue to work in the same function for a few years, you gain a very deep understanding of the function and the industry. Consulting assignments on the other hand typically are 2-12 months long and hence offer limited depth of exposure. However, due to the shorter assignment timeframe, it is possible to explore several industries & functions over a relatively short duration. 

Big 3 is great, but don’t stop your recruitment search there

Globally, the management consulting industry is dominated by 3 organizations, collectively known as the Big 3 – McKinsey & Co., Boston Consulting Group and Bain & Co. Even in India, these 3 organizations dominate the management consulting industry. Apart from the Big 3, however, there are several other management consulting firms including Kearney, Accenture (Strategy), Deloitte Consulting, LEK Consulting and KPMG Consulting. All these firms offer great learning opportunity 

Put your best foot forward to get recruited

One of the biggest challenges posed by the management consulting industry is the entry barrier for newly qualified CAs – most consulting organizations are very selective about who they hire and conduct a lot of diligence before hiring any candidate. 

After the initial Resume screening, consulting organizations invite shortlisted candidates for case interviews. In this interview format, candidates are given a consulting problem such as the one discussed at the start of this article.

Because the case interview format is new for most candidates, consulting firms typically appoint a “buddy” for each candidate – a buddy is someone who works at the organization as a consultant and will help you prepare for the case interviews.

During a case interview, students are expected to ask questions that will help them arrive at the solution. For example, in the case of declining profits for a coffee chain, candidates could start off by asking preliminary questions such as

  1. By how much % has the profit declined? (To help determine the order of magnitude)
  2. Are other players in the industry facing the same problem or is this limited to the specific company? (To help establish an industry-wide issue or company-specific problem)
  3. What are the revenue streams for the company? (To help clarify whether the company also has significant alternate revenue sources such as in-store advertisement revenue, parking revenue etc.)

The interviewer will provide answers to most of the questions that are relevant to the problem.

Then candidates are then expected to deep-dive into the specifics of the company to unearth the root cause of the problem – did the profits decline because of a decline in revenue or an increase in costs or both. If it is due to a decline in revenue, did the no. of units sold decline or did the average sales price decline and so on. Using this approach, one is expected to pinpoint the exact problem & recommend a targeted solution. Interviewers are typically more focused on the structure & line of questioning than on the final recommendation you make.

There are a lot of great resources available to help you prepare for case interviews such as Case in Point (a globally acclaimed case interview preparation book) and Case Interviews Cracked (a book on case interviews in the Indian context – written by IIT graduates). 

Are you ready to take the plunge?

Management consulting as a career option can be a truly rewarding experience. If it aligns with your career interests, this is a profession that you should definitely explore. ENDS

PAISADUKAN PIVOTS INTO BECOMING INDIA’S ONLY PEER-TO-PEER RURAL LENDING MARKETPLACE FOR WOMEN

Mr. Rajiv M. Ranjan, Founder & Chairman, PaisaDukan


MUMBAI, NEW DELHI, SEPTEMBER 1, 2021 (TGN): Espousing the Gandhian praxis of Antodaya, Sarvodaya, and Gramodaya as a doctrine, which collectively connotes upliftment of the bottom of the rural stratum, Mumbai-based peer-to-peer (P2P) lending marketplace, PaisaDukan has stirred up a perfect last mile niche lending facilities in Bihar and other tier-2 & tier-3 townships of India.

In a first-of-its-kind move, PaisaDukan has rolled out a slew of P2P lending options for the populaces inhabiting in the credit-deficient rural hinterlands of Bihar as a pilot project, which includes Grameen loan, small business loans, Varishtha Nagarik Vittiya Samadhan (retirement) loans, Divyang Loan (disabled people), education loan, healthcare loan, pilgrimage loan, home improvement loans and  marriage loan

Traversing the rural landscape to uphold the cause of women empowerment, PaisaDukan is the one of the alternate credit facilitator in rural India to provide credit options to the relatively untapped women populace of Bihar’s Madhubani, Mujhapparpur, Sitamarhi and Darbhanga districts. It further aims to proliferate into other tire-II and towns in the country to offer financial support to small businesses such as brick-and-mortar grocery stores, standalone shops, tea & coffee kiosks, cluster building development, and to name a few,  informed Mr. Rajiv M. Ranjan, Founder & Chairman, PaisaDukan. 

“We’ve always grown based on adjacencies, and there are lots of opportunities in the rural areas of India for fintech adoption. Our rural lending module in Bihar today stands as a chronicle for the entire industry as we succeeded in creating an alternative lending grid by way of shoring up the techno banking realm in remote hinterlands,” he said.

Elaborating on the business prospects, Mr. Ranjan said: “The Pandemic did have some impact on our customers, both on the borrower and lender. The major impact was inflicted on rural borrowers because they were the ones who were rendered jobless during a pandemic. It comprised laborers like cooks, security guards, drivers who were employed in Delhi, Mumbai, Chennai and whose families were based in the rural areas of India. That’s where we faced some challenges in terms of recovery. There was about 10 to 15 percent delay in repayment of loans.”

“The rural economy is witnessing a steady recovery and is expected to be a major driver for the country’s revival in a couple of months. Although the P2P sector in rural areas grappled a complete halt during April-October 2020, it’s currently moving on an upward trajectory after suffering precipitous jolts of the pandemic-induced nationwide lockdowns,” he said.

“As a business strategy, between March-October 2020, we took a hiatus in our new lending initiatives to avoid any uncomplimentary business outcomes. Subsequently, post October 2020, we witnessed zero delays and zero default in the repayment since we commenced our operations post lockdown easing. Today, we are the only P2P marketplace in India to have 100 percent lending exposure in rural areas, with a customer base of around 2,500 spread across 750+ villages. Besides, our business has clocked a 75% percent growth during the current tremulous phase and Investors on our platform have received an average return of 15-18%.” he informed. 

In 2018, PaisaDukan received certificate of registration from the Reserve Bank of India (RBI) as a NBFC-P2P. As a P2P company, it offers unsecured/personal loan to individuals in relatively smaller amount, with rate of interest in the range of 12 to 20 percent per annum, without having to pledge of offer credit guarantee. The P2P lending structure of the company operates under Reserve Bank of India guidelines.

PaisaDukan’s current loan book stands at INR 150 million. However the company has planned to increase its lending wallet to INR 1,000 million in next 12 months, informed Mr. Ranjan. Ends