Business

Hoe to choose the choose the best Mobile app development company for your business?

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The main objective of a mobile app development company is to build an application that support mobile platforms like android, iOS, windows. Businesses are using the mobile applications to get customer’s attention that helps to increase their brand value. An expert mobile app development company aims to develop an application that not only fulfils the client’s requirements but also liked by the common users. An application is considered to be great when it provides a great user experience. A mobile application helps to increase the productivity and profitability of a business. Most of the application service providers ask the clients to select the features they want in their application. Since the mobile application is available 24/7, it saves your time and money that is not possible with the traditional marketing methods . If you are running a business and want to expand it, with the help of application, you can plan everything like current strategies, future plans, deals and discounts and serve directly to your customers.
Below are some tips to know before choosing the best App development company.
Know your app requirements
Understand your own requirements that you are looking for in a mobile application. The requirements will largely depend on the type of your business and what kind of products you want to sell. You can also check the similar apps on the internet and know better what they provide. For a non profit mobile application too, you have to consider your precise requirements.
Check out reputation
There are lot of companies in the market but it’s not necessary that they are reputed or genuine. To choose the best Mobile app development company , check out the company’s reputation, you can conduct an online search to know its credibility. You can check the ratings and reviews posted by the customers for the company. If possible, collect the details of their clients and different types of services they offer. Also check the company’s experience in the field, if you are satisfied with it, you can go ahead to make the choice for yourself.
Cost effectiveness
Don’t always go with the company that offers cheapest app solutions. But, consider the one that offers quality services at affordable prices. The companies that are old and have long-term existence provide the apps at efficient costs. You can go for such companies. But for finding such a company, you have to do some research online. There are many long established companies in the market that offer affordable and quality apps and give you the value for your investment. Choose the iOS application development company that provides high quality services.

Check out innovation and technology
There are many apps available on the app stores, but you need something unique and innovative to stand out. An app developed by an innovative mobile app development company, will help to gain the momentum online. You can also ask them to show different apps they have developed and the features that can be added to the app. Make sure to reach out the companies that improve your business standards. Also make sure to pick someone who never hesitate themselves to update themselves with future technologies and challenges.

Nisha Shiwani has worked in many companies in various capacities and in her free time loves to express herself through her articles. She is based out of the pink city Jaipur.

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Business

FM Arun Jaitley may not cut corporate tax rates in Budget

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The government is unlikely to keep its promise of reducing the corporate tax rate to 25% from 30% at present. With tax collections below expectations and the government struggling to meet the fiscal deficit target, finance minister Arun Jaitley may hold the corporate tax rates, even as big corporates wait for the government to deliver on the promise to reduce corporate tax.
Jaitley had in Union Budget 2015 promised to reduce corporate tax rates to 25% over the next four years from 30%. This was to be accompanied by a corresponding phasing out of tax exemptions and deductions for which the government laid down a two-year roadmap.
“The promise remains unfulfilled until now. Probably, the government couldn’t garner taxes under the amnesty scheme and demonetisation couldn’t deliver on the expectations. Meanwhile, the government has to manage the fiscal deficit at 3.3% of the GDP,” says Samir Kanabar, tax partner, EY India.
“We will have to wait and watch until the new government is formed and full Budget is presented,” he said.
In the last Budget, the government had reduced the tax rate to 25% for small companies with annual turnover of up to Rs 250 crore in the Budget. Though it benefited 95% of the companies, it did not cover the big businesses which pay the majority of taxes. With the National Democratic Alliance government presenting its last Budget, the big businesses too are expecting the government may keep the promise.
Industry lobby groups Confederation of Indian Industries (CII) and Federation of Indian Chamber of Commerce & Industries (FICCI) have demanded that the corporate tax rate should be reduced to 25%. “The tax rate on all the corporate taxpayers should be reduced to 25% unconditionally without any turnover criteria, and should be brought down to 18% in a phased manner and withdraw tax incentives, exemptions, surcharges and cess,” CII said in its pre- Budget demands. Ficci and Assocham in the pre-Budget consultation with the FM, too, demanded a cut in the corporate tax to 25%.
Although all over the world overall tax has started coming down. “India is one of the largest economies which has corporate taxes on the higher side. The US has reduced it to 21% and the UK has brought it down to 18%. So in the light of the global development, it is time for the government also to cut the rate of corporate tax,” Kanabar of EY said.
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However, the government officials feel that the reduction in tax rates has to be accompanied by a host of measures to increase the tax base.
“If the countries in the European Union (EU) are talking about reducing rates, they are also talking about anti-avoidance measures. If the US has reduced the tax rate to to 21% it also has anti- avoidance tax and a tax on intangibles. It has various ways in which it is ensuring that the tax base is augmented,” a senior finance ministry official said.
“The tax rate cut for all corporates to 25% is likely to be phased out over time, but not expecting big corporate tax cuts in the interim Budget,” says Rohinton Sidhwa of Deloitte.
Maulik Doshi, partner, SKP Business Consulting too doesn’t expect any further reduction, especially given that this is an interim budget. “There has been a long standing demand from the industry to abolish Minimum Alternate Tax (MAT) and also Dividend Distribution Tax (DDT). However, given the election year, doles if any would be for the masses and not for corporate class and hence again I do not see any significant change for the corporates,” he said.
“To reduce tax rates the government either will have to expand the tax base or levy a new tax or increase taxes elsewhere. The government will have to do the balancing act,” Sidhwa said.
“The government is trying to balance out before reducing the corporate rate for all to 25%. By the time the tax concessions are eased out, the large corporates will be given the benefit,” Kanabar said. “The government has done away with a lot of deductions and exemptions such as Export Oriented Units (EOU), Software Technology Parks (STP), infrastructure tax holiday, Special Economic Zones (SEZ) tax holiday. While the tax holiday is set to end in 2020, the other exemptions and deductions will end by March 2019. All the exemptions and deductions which are being reduced in a phased manner should largely be over by 2023-24,” he said.

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Business

GST Coucil meet on January 10: Home buyers, small businesses likely to get huge relief

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The GST Council in its 32nd meeting on Thursday could provide huge relief to MSMEs and small business. Favourable announcements for the service sector is also expected. Sources told Zee Media Breau that the council might increase the threashold limit of Rs 20 lkah to Rs 50 lakh.
The increased limit would benefit small businesses and micro-small and medium enterprises (MSMEs) with turnover Rs 20-50 lakh.
Besides, the GoM could also allowed disaster management cess for Kerala. The GoM has proposed 1% tax for initial two years.
Home buyers and real estate sector could also get massive boost in the GST Council meet tomorrow.
According to sources, sin googs can attract more tax, however, not all states are on the same page over this.
The GST Council in its meeting on January 10 will discuss the recommendations of the two ministerial panels.
The council, in its previous meeting on December 22, 2018, had rationalised the 28 per cent tax slab and reduced rates on 23 goods and services.
Briefing reporters after the recent council meeting, Jaitley had said that the next meeting would consider rationalisation of tax rates on residential properties and raising the threshold limit for MSMEs from the current Rs 20 lakh.
Also, the council would consider a composition scheme for small suppliers, apart from discussing levying a calamity cess as well as GST rates on the lottery.
The GST Council is likely to consider lowering GST on under-construction flats and houses to 5 per cent, PTI reported.
Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.
However, GST is not levied on buyers of real estate properties for which completion certificate has been issued at the time of sale.

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Business

Insurer may ask for basic income documents for high value coverage

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While buying a life insurance policy do I have to show the rental income from my property along with my salary income as proof? – Parag Keswani

Insurance is a contract of utmost good faith. Hence most of the companies allow issuance of insurance coverage basis declaration (for example income, health, etc) and KYC documents. No income documents are required up to specified sum assured. This cut-off will vary with every insurer, basis their sourcing experience. However, for high value coverage, companies do ask for basic income documents and for a salaried individual, if there is an additional income in form of rent, the same would reflect in his ITRs. Companies do not insist on additional documents. However, its always prudent for insured to provide every disclosure, as appropriate.

I have a pension policy purchased more than 15 years ago. I pay Rs 10,000 premium every year. After retirement it will give me very little pension every month. Should I discontinue it? – Prema Ravichandran

Considering you have been invested for over 15 years, it would be advisable to continue paying premiums to fully avail the benefits of the plan including the tax perk. If you choose to discontinue, the cash value will be lower than the corpus you are likely to receive at the end of the policy tenure. As this is a pension plan, the amount received at the end of the tenure needs to be utilised purchasing annuities only. Also, I would refer you to your insurer to understand the complete details of the product as the returns on the plan would vary at maturity based on whether it is a market-linked or traditional pension plan.

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Business

Indian stock market becomes 7th largest globally: All you need to know

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Indian stock market has achieved the latest milestone. India’s domestoc and equity market has surpassed Germany to become world’s seventh largest stock market.

It should be noted that Germany is Europe’s biggest share market.

According to Bloomberg data, Indian stock market, for the first time in seven years, has surpassed European’s largest economy.

The achievement came after India’s positive returns as firms depend upon domestic demand.

Meanwhile, Indian companies have raised nearly Rs 6 lakh crore from equity and debt instruments in 2018, but volatile market conditions brought down the kitty by 30 per cent and political uncertainties ahead of the 2019 general elections may again cast a shadow on fund-raising activities in first half of the new year.

Experts, however, are hopeful the fund-raising will gather steam in second half of 2019 with a pick-up in the overall investment climate.

The data shows the debt market remains the most preferred route for raising funds to support business needs of the corporate world.

Out of the cumulative Rs 5.9 lakh crore garnered so far this year from capital markets, a large chunk or Rs 5.1 lakh crore has been mopped up from the debt market and the remaining amount of about Rs 78,500 came from equity markets, figures compiled by data analytics major Prime Database showed.

In 2017, firms had raised Rs 8.6 lakh crore, including nearly Rs 7 lakh crore through debt markets and Rs 1.6 lakh crore from equities.

In equity market, funds mostly came from initial public offers (IPOs) and issuance of shares to institutional investors.

The final figures may go up to end the year at around Rs 6 lakh crore for debt and equities, experts said.

The funds have been raised mainly for business expansion plans, loan repayments and to support working capital, while a large amount raised from IPOs also went to the promoters, private equity firms and other existing shareholders for part or full sale of their investments.

 

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Business

HC rejects plea against LIC move to acquire 51 pc stake in IDBI

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The Delhi High Court on Monday dismissed a plea challenging the LIC move to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI).

Justice Vibhu Bakhru rejected the petition by the All India IDBI Officers Association, which had opposed the move of Life Insurance Corporation (LIC) on the ground that change in shareholding could take away the public sector bank status of IDBI.

The association was concerned that taking away public sector status of IDBI could affect the employment conditions of its staff.

LIC had earlier told the court it wanted to acquire 51 per cent stake in the IDBI as the state-run insurance company has been toying with the idea of having banking operations since 2000.

LIC said it had in the past made several attempts to have a bank of its own, but its endeavours had “failed” as “nothing fructified”.

Additional Solicitor General Tushar Mehta, appearing for LIC, had also said it has applied for a banking licence.

Senior advocate Sandeep Sethi, representing the bank, said that consent of employees was not required while changing the status of the company by government’s dis-investment.

IDBI, in which the government holds 85.96 per cent stake, had posted a net loss of Rs 2,409.89 crore in the quarter ended June 2018. It had posted a gross non-performing asset (NPA) of about Rs 57,807 crore.

The association, represented by advocate Prashant Bhushan, had claimed that the change in shareholding was not in public interest as it “exposes the investments made by the public in the IDBI and corrodes the ability of the LIC to pay back its policy holders since it will have to invest an amount of Rs 13,000 crores to acquire the 51 per cent stake”.

The petition had stated, “The said investment will be made from the funds of 38 crore policy holders of the LIC who have invested their hard earned money to secure their own futures.

The said investment made by the LIC will adversely hamper its own abilities to pay its insurance holders.”

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Business

Good news: Flipkart offers massive discounts on flight and bus tickets, check details

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Walmart-owned Flipkart has announced huge discounts on flight and bus tickets. With lucrative deals on hotel offerings, Flipkart has curated full package discounts for travellers.

Flipkart is offering flat Rs 1000 discount on domestic flights and flat 12% off on international flights.

Besides, it offers up to 50% off on hotel bookings.

For those who would prefer traveling by bus, Flipkart is ofering 20% off on bus tickets.

The best part is of the offer is that you don’t have to use any coupon code to avail the offers as they are available on the latest version of Flipkart android app. The offer is on all Debit card & credit card and even net banking.

Meanwhile, today is the last day of IndiGo’s new year sale.

Under the offer, IndiGo is offering international flights tickets at starting price of Rs 3,299.

Customers need to book their tickets between December 12, 2018 to December 16, 2018. Under the offer, the travel time period is from December 27, 2018 to April 15, 2019.

“As December marks the beginning of Christmas and New Year celebrations across the world, we are offering the lowest fares to our customers who wish to travel overseas with family and friends as part of their winter vacations. Through this special sale initiative, we wish our customers Merry Christmas and a great 2019,” IndiGo said.

Corporate and leisure customers willing to plan their travel under the offer can book tickets via airline’s official website- goindigo.in. This offer is available across all distribution channels, IndiGo added.

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Bollywood

Mukesh and Nita Ambani’s daughter Isha Ambani to wed Anand Piramal at Antilla tonight

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Isha Ambani and Anand Piramal’s pre-wedding festivities have
Isha Ambani and Anand Piramal’s pre-wedding festivities have set unattainable celebration goals. Now, the Ambanis move to the wedding ceremony, which will take place at the family abode, Antilla located at Altamount Road in South Mumbai. Those who couldn’t make it for the events, which were held in Udaipur over the last weekend, are likely to attend the nuptials today evening. A number of top industrialists, politicians and B-Towners are on the guest list. The functions will apparently begin at 3 pm and will go on till the wee hours. The shaadi will culminate with the bidaai ritual. The Ambanis ensured that all preparations were being taken care of even as the family participated in the pre-wedding events in Udaipur. After Isha and Anand tie the knot, they will have two receptions.

DECEMBER 14
After the shaadi, the first reception will take place at Jio Gardens. The Ambanis and Piramals will be joined by their family members and friends.

DECEMBER 15
The second reception will be for their employees and work associates. Isha and Anand will meet guests at this do, which will also be held at the same venue.
et unattainable celebration goals. Now, the Ambanis move to the wedding ceremony, which will take place at the family abode, Antilla located at Altamount Road in South Mumbai. Those who couldn’t make it for the events, which were held in Udaipur over the last weekend, are likely to attend the nuptials today evening. A number of top industrialists, politicians and B-Towners are on the guest list. The functions will apparently begin at 3 pm and will go on till the wee hours. The shaadi will culminate with the bidaai ritual. The Ambanis ensured that all preparations were being taken care of even as the family participated in the pre-wedding events in Udaipur. After Isha and Anand tie the knot, they will have two receptions.
DECEMBER 14
After the shaadi, the first reception will take place at Jio Gardens. The Ambanis and Piramals will be joined by their family members and friends.
DECEMBER 15
The second reception will be for their employees and work associates. Isha and Anand will meet guests at this do, which will also be held at the same venue.

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Business

CEO Ananath Narayanan quits Myntra, Flipkart likely to abolish post

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After Binny Bansal’s exit from Walmart owned Flipkart, it’s now Myntra’s Chief Executive Officer who has resigned. According to a LiveMint report, Flipkart executive Amar Nagaram would head Myntra now. Citing three unnamed people, the report stated that Flipkart is also looking to abolish Myntra CEO post after Ananath Narayanan’s exit.

Ananath Narayanan‘s resignation came weeks after his comments that he had ‘no reason to quit’.

Key Myntra leaders such as chief revenue officer Mithun Sundar, who took charge in April, and human resources head Manpreet Ratia, who also oversaw operations, supply chain and customer experience at Myntra, have also resigned, the report claimed.

The retention packages have, however, not been offered to those at the senior vice president level, sources told the publication.

Earlier, Flipkart’s Chief Executive Officer Binny Bansal had quit after allegations of personal misconduct. The chief executive of Flipkart Group, Walmart Inc’s Indian e-commerce business, resigned following an internal probe into accusations of “serious personal misconduct,” Walmart said.

The misconduct accusations followed an allegation of sexual assault, two people familiar with the matter said.

In a note sent to Flipkart employees, which was seen by Reuters, Bansal said recent events led him to step down from his role as chairman and CEO. He said the events related to a claim of misconduct against him, “which was uncorroborated after a thorough investigation completed by an independent law firm.” Bansal did not give details of the nature of the claim. “The allegations left me stunned and I strongly deny them,” he wrote.

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Business

UAE group takes control of Assam Co, the oldest tea company

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BR Shetty group of UAE, which has a strong presence in India, has taken control of country’s oldest tea planter, Assam Co, through the insolvency process by infusion of initial capital of Rs 600 crore in cash.

But hurdles remain for the new owner that has investments like UAE Exchange, Remit2India and Narayana Hospital.

Market regulator Securities and Exchange Board of India has objected to the delisting proposal as approved in the resolution plan claiming Assam Co is under investigation for being a shell company.

The case in now being heard at National Company Law Appellate Tribunal (NCLAT) and hearing is continuing.

In absence of clearance for the delisting proposal, the resolution scheme is now being implemented without this aspect of the plan, and only the promoters’ shares are being extinguished with the infusion of Rs 600 crore of upfront payment.

The Income Tax Department, meanwhile, has been asked by NCLAT to approach the company with outstanding tax demand after rejecting plea of tax authorities to stall the insolvency process.

“Pursuant to the (resolution) plan, the successful resolution applicant has taken control the affairs of the company and also made payment of the first tranche amount to Rs 600 crore,” the company said, adding that the entire promoters’ capital of 12.78 crore shares would now get extinguished as per the resolution plan.

The extinguishment of shares of public shareholders would have to wait till the decision on the case filed by Sebi with NCLAT, which has given an interim order to hold back the delisting, and the next hearing has been fixed for December 11.

As part of its clampdown on an initial list of 331 alleged shell companies in 2017, the market regulator in December that year ordered forensic audit of the books of Assam Co.

During the earlier hearings, Sebi deposed before NCLAT that “an investigation is underway and it has passed an interim order on December 8, 2017, directing appointment of an independent forensic auditor to verify financial irregularities and misuse of funds”.

Even as Assam Co awaits the order on delisting plan, the I-T Department is likely to knock its doors with a Rs 2.30 crore demand for dues for the period 2005-09.

The resolution marks the exit of the UK-based Jajodias and entry of BRS Group of Abu Dhabi, a powerful conglomerate of UAE as the new promoters of Assam Co, which was set up in 1839 by a royal charter of Queen Victoria to introduce tea plantation in India.

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Business

Exceptional Buffalo YUVRAJ weighing 15 quintals fetches Rs 50 lakhs annually for its owner through sperms’ sale

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Photo by: Sr. journalist Dinesh Kandwal

The Uttarakhand government’s Agricultural and Animal fair ( Krishi avom Pashu Mela) is a star attraction of Dehradun which has been organised by the Ministry of Agriculture and Animal Husbandary of government of Uttarakhand at Parade ground Dehradun. It was inaugurated by the state’s Agriculture and Animal Husbandary minister Subodh Uniya.

The one of the grand attractions of this show is a highly glamourised Buffalo owned by Karamveer Singh of Kurukshetra Haryana. Known as Yuvaraj, a strong and extremely well built Yuvraj as he is known can be termed as a Super potent Buffalo. Why is he being counted in the catagory of a Super Buffalo is the fact that it is unique, different and outstanding from other buffaloes of Hayana as well as those living in other states or parts of the country.

Yuvraj’s maalik, proprietor Karamveer takes’ special care of him to maintain its physical credibility and as such is fed with 20 litres of milk, 10 kilograms of fruits especially turnip, apples, five kg worth of green fodder and a similar quantity of straw fodder on daily basis. Special care is taken to ensure that Yuvraj takes a twelve kilometre walk daily to keep the digestion in order and blood circulation active.

One would be surprised and shocked to know that this Super Buffalo ‘Yuvraj’ Is Worth Rs 13 Crore And earns Rs 50 Lakh A Year for his proprietor Selling Semen! According to “Yuvraj” this 10year-old buffalo …weighs 15 quintal and is 11.5 feet long and 5.8 feet tall.

According to senior journalist Dinesh Kandwal Yuvraj was the chief attraction of the Agriculture and Animal Fair hosted by the state government at Parade ground Dehradun.

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