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How to Start a Business Starting a business means setting up a new enterprise and initiate its promotion in the market. The setup and initiation of a company is a foundational work done by a Promoter or an Entrepreneur.The entrepreneur has to take some crucial steps to start a business. Doing its promotion is not an easy task. One mistake can create many problems for newly founded business.

Definition of Amalgamation In general, the definition of amalgamation can be stated as follows."Amalgamation is a union of two or more companies, made with an intention to form a new company."In terms of finance, the definition of amalgamation can be given as under."Amalgamation is an agreement (deal) between two or more companies to consolidate (strengthen) their business activities by

Definition of Merger The definition of merger in general and in finance can be stated as follows:In General,"Merger is an absorption of one or more companies by a single existing company."In Finance,"Merger is an act or process of purchasing equity shares (ownership shares) of one or more companies by a single existing company."Image credits � Arrow International. Meaning of Merger Before we

How to Implement Total Quality Management TQM? The most important purpose for the implementation of a Total Quality Management TQM process is to get the assigned task completed at the right time and with quality improvement.The Six Cs for successful implementation of a Total Quality Management (TQM) process are depicted as follows:The Six Cs required for proper implementation of a TQM are given

Functions of Development Banks The role or functions of development banks in India are depicted below.The nine important functions of development banks in India are as follows:To promote and develop small-scale industries (SSI) in India. To finance the development of the housing sector in India. To facilitate the development of large-scale industries (LSI) in India. To help the development of

Meaning of Development Banks Development banks are specialized financial institutions. They provide medium and long-term finance to the industrial and agricultural sector. They provide finance to both private and public sector. Development banks are multipurpose financial institutions. They do term lending, investment in securities and other activities. They even promote saving and investment

Non-Banking Activities All banks perform non-banking activities along with their traditional functions.A bank cannot survive without performing the following non-banking activities:Banks help their customers to make utility payments with ease. They perform merchant banking for their customers. They provide factoring services to their clients. They manage mutual funds and minimize investment