www.csrajivbajaj.com THOUGHT OF THE DAY “The only way to do great work is to love what you do…” Law Updates: Inter-ministerial body FIPB cleared six foreign investment proposals, including that of IIFL Holdings, and Sharekhan worth about Rs 1,900 crore. Among others, proposals of Monsoon Capital LLC, SeQuent Scientific Ltd, Agile Electric Sub Assembly and Serap India has also been approved. The Securities and Exchange Board of India plans to cap the commission for mutual fund (MF) units sold on e-commerce platforms at 50 basis points (bps). Currently, commissions of up to 150 bps are paid for this. The cost of mutual funds sold on e-commerce platforms will be between direct and indirect plans. PROFESSIONALS INPUTS: ICSI has invited Suggestions on Draft Guidance Note on Meetings of the Board of Directors. Members can send their comments/suggestions on or before 5 th November 2015. Vide SEBI CIRCULAR CIR/CFD/DIL/7/2015 dated October30, 2015 notified Format for Abridged Prospectus and price information of past issues handled by Merchant Bankers shall be applicable on issues opening for subscription from December 1, 2015. Vide RBI Press Release : 2015-2016/1047 dated October 30, 2015 The Reserve Bank of India will issue Sovereign Gold Bonds on November 26, 2015. Applications for the bond will be accepted from November 05, 2015 to November 20, 2015. Investors will get a 2.75% annual interest.on the sovereign gold bond. Vide CBEC Circular No. 1011/18/2015-CX dated 30 October, 2015 issued clarification regarding Self-Sealing and Self-Examination of Bulk cargo. Vide CBEC Notification No. 102/2015-CUSTOMS (N. T.) dated 30 October, 2015 notified Tariff value US $ (Per Metric Tonne) in respect of fixation of T V of Edible oil, Brass, Poppy seed, Areca nut, gold and Sliver. MARKET WATCH: SENSEX: 26656.83 -181.31 NIFTY: 8065.80 -45.95 SILVER: 36505.00 -39.00 GOLD (MCX): 26495.00 -126.00 USD/INR: 65.26 -0.05 CRUDE OIL: 3070.00 42.00 CS Rajiv Bajaj 9811453353 [email protected]youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 31 st October, 2015
Transcript
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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“The only way to do great work is to love what you do…”
Law Updates:
Inter-ministerial body FIPB cleared six foreign investment proposals, including that of IIFL Holdings, and Sharekhan worth about Rs 1,900 crore. Among others, proposals of Monsoon Capital LLC, SeQuent Scientific Ltd, Agile Electric Sub Assembly and Serap India has also been approved.
The Securities and Exchange Board of India plans to cap the commission for mutual fund (MF) units sold on e-commerce platforms at 50 basis points (bps). Currently, commissions of up to 150 bps are paid for this. The cost of mutual funds sold on e-commerce platforms will be between direct and indirect plans.
PROFESSIONALS INPUTS:
ICSI has invited Suggestions on Draft Guidance Note on Meetings of
the Board of Directors. Members can send their comments/suggestions
on or before 5th November 2015.
Vide SEBI CIRCULAR CIR/CFD/DIL/7/2015 dated October30, 2015
notified Format for Abridged Prospectus and price information of past
issues handled by Merchant Bankers shall be applicable on issues
opening for subscription from December 1, 2015.
Vide RBI Press Release : 2015-2016/1047 dated October 30, 2015 The
Reserve Bank of India will issue Sovereign Gold Bonds on November
26, 2015. Applications for the bond will be accepted from November 05,
2015 to November 20, 2015. Investors will get a 2.75% annual
interest.on the sovereign gold bond.
Vide CBEC Circular No. 1011/18/2015-CX dated 30 October, 2015
issued clarification regarding Self-Sealing and Self-Examination of Bulk
cargo.
Vide CBEC Notification No. 102/2015-CUSTOMS (N. T.) dated 30
October, 2015 notified Tariff value US $ (Per Metric Tonne) in respect
of fixation of T V of Edible oil, Brass, Poppy seed, Areca nut, gold and
Ishita Swarup is an Economics Graduate from Delhi University and an MBA from IMT. She was soon picked up by Cadburys in brand management gaining a start that would make many turn green with envy. But three years later her entrepreneurial spirit rose to make her a part of the founding team of Orion Dialog, a pioneer in the ITES sector in India and one of the first to focus solely on the Indian market.
Education & Experience
Ms. Ishita Swarup co-founded Ninety Nine Labels Pvt. Ltd (99labels) in 2009 and serves as its Chief Executive Officer. Ms. Swarup served as the Head of Special Projects and Staffing at Aegis Limited (Alternate Name Aegis BPO Services Ltd). Ms. Swarup worked at Cadburys in the Sales and Marketing department for a few years before founding Orion Dialog in 1994. She is a Pioneer in the ITES sector in India and is instrumental in making Orion a leading player in the domestic call center market with strong focus on delivery and quality. Ms. Swarup is a graduate in Economics from Delhi University with a Post Graduation diploma in Business Management. She has an MBA from Instituto Mauá de Tecnologia.
Business career I always wanted to do something of my own from a very young age, rather get into the cog in the wheel syndrome, after my MBA I joined Cadburys, the work was great but my belief of doing my own thing got even more strong - says Ishita Swarup. During early 1994-95 time domestic BPO as a concept was new in India and along with my friend Tina I started an online phone marketing firm handling to begin with Citibank account, soon we became one of the first full-fledged domestic BPO handling lots of clients across India. It was good fun, in due course we manage to grow to over 2000 employees. I enjoyed the thrill of starting up and growing it to such a size… in fact the journey was full of mistakes as we were young, but every mistake made us wiser. With no family business background I had to learn everything on my own. It was motivating and an enriching experience. Once the business grew and became well established somehow it stopped challenging me both professionally and personally. Essar bought us around 2004. I took a sabbatical for some time and started thinking about what next. 99labels is a pioneering innovative concept introduced to India for the first time. Partnering national and international brands, 99labels presents event based online sales for a limited time period giving members an opportunity to buy fashion-wear, accessories, lifestyle products, sportswear and gear, electronics and even furniture at members-only prices that are up to 70% off label prices. Ishita has been working towards creating 99labels since March 2009.
Source of motivation
Personally challenging myself, seeing a venture take shape from idea to reality and then taking it to a growth level is something that motivates me. The site has received a phenomenal response with around with over 25 sales events over the last four months and new members joining daily from all across the country and overseas as well. The site has already had sales of a number of international and Indian brands that include Ritu Kumar, Satya Paul, Ashish Soni, Payal Jain, Rocky S, Van Heusen and Louis Phillipe, Guess, Espirt watches, and Rina Dhaka among others. It is not long before 99labels becomes a successful venture to be emulated and imitated.
