Credit World News

Sales through the internet, has changed the pre existed business patterns despite the geographical barriers. Whether it is C2C, B2B or B2C, eCommerce is flourishing day by day and gives a promising outlook in the coming years. The eCommerce wave is stronger than when they had started in 1995, gained much base by overcoming the IT downturn in 2000. From mere online travel booking and matrimonial sites, eCommerce has grown tremendously with refined methodologies making eCommerce more and more attractive. Trends in eCommerce industry are changing and competitors are looking for any method which makes their business more profitable and practical for the consumers. Below listed are the few trends which will dominate the eCommerce industry in 2014 Big Data Analytics Next time when you take part in a survey and mark your responses, your personal traits may get recorded at the backend, by which the surveyor company can use this data either for their existing promotion or to create a ne...

When Mr. Dave Caroll posted his music video "United Breaks Guitars" on YouTube he never thought that his video will ever cause a damage of $180bn to the United Airlines Company. This famous musician from Canada was flying to Nebraska on United Airlines, and was very angry and hurt when the baggage handlers of the airline broke his Taylor Guitar worth $30, 000. His claims for the compensation was rejected by the airline company, stating that his case was not in compliance with the company's compensation policies. The video went viral and after the fourth day around 1.5 million people watched it, 2000 tweets, 777 blogs were based on that incident and 339 online portals reported this incident. The company lost around 10% of its market cap. The Taylor Guitar Company reaped benefits through this video and they offered props for the next 2 music videos in this series. And that's the power of social media and these days customers are using this platform extensively for di...

Cake Notice, a small food store in South California raised capital through a crowd funding site Small Knot , to start its retail operations and they received more than what they expected. The request was for $2500 and they got $2620! This is not a single case, Ouya a game console got much more than what they expected, they got $8.6 million. In 2008, for the US presidential election campaign the fund raised by Mr Obama was mainly through these crowd funding platforms. The crowd funding may be a relatively new phenomenon, but it is growing like wildfire later it got immense reception in the US and UK. In the earlier model, people used to pledge their money for startups that too, with no expectation in return. The contribution model has been reverted to Donation model, Lending model and Investment model these days and will be surely subjected to further changes in the future. In the Lending model, there are terms and conditions where the creators have to follow strictly as in typica...

It is not a surprise that China has outgrown India in its gold consumption in 2013, as they consumed 1,066 tonnes of gold, while Indian consumption was only 975 tones. Blame it on the curbs from Indian government just to keep the Current Account Deficit on track which led to the decrease in gold consumption by 10 % which was a 13% up from the consumption in 2012. The CAD (Current Account Deficit) was on record high at $88.2 billion which is 4.8% of the GDP in the last fiscal term. Various curbs like a hike in import duty on gold to 10% and making 20% of the imported gold available to exporters, gold business in India is facing seasonal obstacles in making profit. The central bank is strictly following the 20/80 principle on import which can be described as, when a nominated bank import 100 kg pure gold, 20% of that consignment should be given to the exporters and 80% will be in the domestic market. In order to bring down the consumption, nominated banks and import agents were rest...

M-pesa For the Rural Poor M-Pesa may not be a interesting subject for the rich and developed countries but it is highly popular as a micro financing service from the mobile service providers, Vodacom and Safaricom in African countries especially in Kenya, Tanzania, Uganda and Ghana. The number of M-pesa customers in Kenya itself is more than 18 million this shows the popularity of M-pesa. Heavy processing fees, service charges and interest rates levied by the commercial banks makes their service unavailable for the poor African population so M-pesa was the necessity of those millions. M-pesa was developed by the Kenyans with the support of Department of International Development, a UK agency in 2003. This has truly benefited rural population of Kenya, Tanzania, Uganda and Ghana who doesn’t even have bank accounts and this scales up to around 79% of entire African population. Establishment of M-pesa was easy due to the fact that there are more than 500 million mobile phone...

The European and American model of CSR may not match up with the quality and efficiency of Indian CSR policies; this is the confidence of the makers of Indian CSR policies. CSR has been well defined under section 135 of Companies Act which was passed in 2013. This act is all about bringing up corporate governance and strengthening corporate regulations. The purpose of the CSR bill is to create a supportive environment, which allows corporates to strengthen their efficiency and to develop business policies, in order to connect between business and the communities with the focus in erasing our socio, economic and political issues and thus strengthening the society with the partnership of government and NGO s. Section 135 says companies with net worth of Rs. 500 Cr or turnover of Rs. 1000 Cr or net profit of Rs. 5 Cr should have a mandatory CSR spend of 2 % of PBT. The various activities promoted should be focused on eradication of poverty, promoting education, promoting gender equ...

Will 2014 be a great year for investments? Do the investors truly believe that 2014 will be the best year since 2009? Let’s take a look at the poll results on various indicators discussed in this survey. About the economies 72% of the global investors have the confidence that the US economy is improving. In that, 22% think the US economy is stable and 6% say it is deteriorating. Global investors are not hopeful about Chinese and Brazilian economy. It's not a surprise when 21% of the global investors opined that they don’t have any idea about Brazilian economy. Which are the main factors going to drive the US economy in 2014? Is it the increased oil and gas production or more companies investing due to the rise in confidence? Whether the growth in the job market will act as a catalyst? Or the improvement in real-estate and auto industry? The increase in the US population will demand more houses. In the US one birth happens in every 8 seconds, a death in every 12 seconds, and one...