Initial Public Offering (IPO) refers to the process where private companies sell their shares to the public to raise equity capital from the public investors. The process of IPO transforms a privately-held company into a public company. This process also creates an opportunity for smart investors to earn a handsome return on their investments. Investing in IPOs […]

Outsourcing is the practice of hiring a party outside a company to perform services or create goods. In some cases, these were traditionally performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure or a strategic management tool. As such, it can affect a wide range of

Criminal Courts are established to impart justice to people and punish the offenders that go against the law. The hierarchy is established according to the rule book of the Code of Criminal Procedure, 1973 Criminal law occupies a pre-dominant place among the agencies of social control and is regarded as a formidable weapon that the

Creating a retirement portfolio after a certain age is essential for salaried individuals to make their future financially secure. To help such people with the same, the Government of India offers two savings schemes viz. National Pension Scheme (NPS) and Public Provident Fund (PPF). Both are long-term savings instruments providing income tax benefits. Public Provident

BIS certification is issued by the Bureau of Indian Standards (BIS) in India. The BIS certification indicates third party, i.e. BIS assurance of any product’s quality, reliability, and safety to the customers. The BIS is involved in several activities like certification of products, standards formulation, testing, hallmarking, calibration scheme, etc. The BIS certification for products

Employee State Insurance (ESI) registration is a mandatory compliance requirement for businesses in India, governed by the Employee State Insurance Corporation (ESIC). This scheme provides social security and health insurance benefits to Indian workers earning a specified monthly wage, typically extending to their dependents. Depending on the business type and location, it applies to companies

An inventory write-off is an accounting term for the formal recognition of a portion of a company’s inventory that no longer has value. An inventory write-off can be recorded in two ways. It can be expensed directly to the cost of goods sold (COGS) account or it can offset the inventory asset account in a contra asset account. This

Fill rate, also called order fulfillment rate, is the percentage of orders that you can ship from your available stock without any lost sales, backorders, or stockouts. It’s a good reflection of your ability to meet customer demand and the overall effectiveness of your ecommerce operations. It also helps you gauge the demand for various SKUs in

If an individual passes away without leaving a valid Will or any other form of testamentary dispositions such as a trust or a net-worth report for the legal heirs to act on, the succession laws of the land take over the procedure of the succession, this type of succession is referred to as the Intestate

Indian Home Minister Amit Shah launched a Central Suspect Registry during the first foundation day celebration of the Indian Cybercrime Coordination Centre (14C) in New Delhi. Additionally, Shah also announced three other initiatives today to address cybercrime issues. This includes the Cyber Fraud Mitigation Centre (CFMC), the Samanvaya Platform, and the Cyber Commandos program. “Cybersecurity is no longer restricted