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A few days ago the Enforcement Directorate (ED) gave a statement that they are exploring the possibility of slapping an INR 1400 crore notice to Flipkart. Of course, the origins of this probe and the subsequent actions are buried in developments over a period of 4-5 years. Despite the potentially justified euphoria about the Flipkart […]
04 Jun 2014
Most of the start-ups land up in trouble due to three specific reasons, says V. Mahesh, a practising company secretary, and the promoter and CEO of VMACS, during a recent interaction with YourStory. Foremost in the list is the focus on the revenue model rather than the cash flow of the business operations. He cites the saying, “Turnover is publicity, profit is vanity, and cash in hand is reality,” and adds that cash is fundamental to any business, be it of services, products-selling and buying (trading), manufacturing and other forms of activity.
29 Jun 2013