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THOUGHT OF THE DAY

THOUGHT OF THE DAY

"Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it…"

Law Updates:

The Foreign Investment Promotion Board (FIPB) has cleared six FDI

proposals envisaging foreign investment of Rs 1,810 crore, including

that of IIFL Holdings. The FIPB, however, rejected the proposal of

Volkswagen Finance for investment in treasury bills, government

securities, mutual funds and corporate debts.

RBI officers to take mass leave today. Banking services across the

country and money markets maybe partially impacted due to a mass

casual leave planned by the 17,000 employees of the Reserve Bank of

India. However, RBI is likely to keep the RTGS (Real Time Gross

Settlement) and NEFT operational so that the banking services and

money market operations are not impacted.

The CCEA approved an interest equalization scheme on pre and post

shipment rupee export credit with effect from April 1, 2015 for three

years at 3% per annum for all exports of small and medium enterprises

besides 416 specific tariff lines in agri processing, handloom,

handicrafts, jute, paper, ceramics, medical/scientific instruments and

auto components, among others.

PROFESSIONALS INPUTS:

Vide DVAT Circular No. 30 OF 2015-16 dated 18 November, 2015

notified regarding the status of the forms downloaded by the dealers

whereby Delhi Govt. devised mechanism to prohibit misuse of auto

downloading facility for DVAT forms.

Vide Notification No. 54/2015-Customs (ADD) dated 18 November,

2015 Government imposed definitive anti-dumping duty on “Carbon

Black used in rubber Applications”, originating in or exported from

China PR and Russia for a period of five years.

Vide CBDT Press Release dated 18 November, 2015 issued clarification

regarding unauthenticated reports on conciliation in the Vodafone

Case.

MARKET WATCH:

SENSEX: 25736.64 258.63 NIFTY: 7808.65 76.85

SILVER: 33705.00 143.00 GOLD (MCX): 25222.00 128.00

USD/INR: 66.12 -0.18 CRUDE OIL: 2815.00 38.00

CS Rajiv Bajaj

9811453353

Bajajr66@gmail.com

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 19th November, 2015

www.csrajivbajaj.com

Peyush Bansal

Founder and CEO of Valyoo Technologies

Peyush Bansal is the founder and Chief Executive Officer of Valyoo Technologies, established the e-commerce site Lenskart. It is an Indian eyewear online portal that offers an excellent service of providing eye glasses and lenses. Lenskart founder name has become popular as the company is gaining reputation for its enhanced services. Being a famous online shop for eyewear in India, the company also started offline stores throughout the country.

Early life Born on 26 April, 1985 Peyush Bansal‟s nationality is Indian. To become a magnificent businessman, his family background supported him very much. Peyush Bansal‟s parents lives in New Delhi and gave him full support and strength when he started his own business. His education for the course of Bachelors of Engineering Honors is finished from McGill University, in the branch of Electrical – IT, Control & Automation from 2002 to 2006. Peyush did his post graduate diploma in entrepreneurship at IIM Bangalore, which made him wiki strong enough to establish new venture to change his life.

Business career Peyush Bansal has worked in the prestigious Microsoft Corporation in USA, as a Program Manager in 2007. Though his first job in Microsoft was good, he worked only for one year in the company. He was enthusiastic to become an entrepreneur, and returned back to India. At the age of 24 years, he kept his only aim in mind to start a business that mainly copes up with e-commerce. Some people like Snapdeal founder Kunal Bahl searches for a suitable path to make new standards in business. Peyush met so many people in search of a new venture that helps to cater various needs to a group of persons. After making discussions with the students of the Delhi University, his first project „searchmycampus.com‟ website started in January 2008 with the initial investment of 25 lakhs. The site was started with the focus on classifieds of jobs, accommodations, car pool, and many more services that are used by college students. He improved his business with the dealings of college students and the business advertisements. He registered his company as Valyoo Technologies in June 2008. In December 2008 he closed „searchmycampus.com‟ and concentrated more to start a new venture while completing his post graduate diploma course from IIM Bangalore. Peyush Bansal‟s success story sustained with launching three portals Watchkart.com, Bagskart.com and Jewelskart.com in 2011 & 2012. Biography of Lenskart CEO Peyush Bansal is signified with his establishment of online portal that offer very useful and valuable products for customers. The product range includes prescription eyeglasses, sunglasses, and contact lenses for the customers on online store. Founder of Lenskart Peyush Bansal started this store along with his co-founders Amit Chaudhary and Sumeet Kapahi in November 2010. It is a private company that has head quarters at New Delhi and serves with customers of India. Peyush started Lenskart.com website with the slogans raised for Log on & Play on. Lenskart has opened offline stores across India. It runs 49 offline franchises in various cities. CEO of Lenskart has also introduced „Bike Eye Check-up‟ service to the public offering door-to-door check-up program. It has been raised around 200 crore in three rounds of funding by IDG Ventures India. Peyush Bansal next project includes opening stores in more cities across the country in this year. Peyush Bansal‟s net worth is increasing every year as he is running the business in a well organized way. Lenskart generated revenue of Rs. 100 Crore in 2014. The company has also been recognized by Marketing Sherpa Email Awards 2014 for the „Create and Design – E-Commerce‟ category. Peyush Bansal was one of the most searched businessmen of the year 2014.