The Maharashtra government has recently approved the Unified Pension Scheme (UPS), a significant step amidst ongoing debates regarding pension systems for government employees across the country. Staff members have been advocating for the restoration of the Old Pension Scheme (OPS) as a response to the challenges posed by the National Pension System (NPS). This issue ...
Paytm, one of India’s leading fintech companies, recently made headlines by addressing media speculation regarding a new notice from market regulator SEBI (Securities and Exchange Board of India). The company has firmly denied these claims, asserting that the reports concerning a new notice pertaining to irregularities during its Initial Public Offering (IPO) are unfounded. Clarification ...
Investing wisely can lead to excellent returns, and if done strategically, your money can grow significantly over time. In this article, we will discuss an exceptional fund that has transformed an initial investment of ₹1 lakh into over ₹11 lakh. This success story exemplifies the importance of informed investing choices and the potential of the ...
Introduction When discussing wealthy individuals, the spotlight often shines on well-known billionaire men such as Mukesh Ambani, Gautam Adani, and international figures like Jeff Bezos and Elon Musk. However, the contributions and successes of women in the wealth arena are frequently overlooked. Today, we delve into the life of the world’s richest woman, Alice Walton, ...
On the night of August 24th, the Modi government unexpectedly introduced a new pension scheme, distinct from the existing Old Pension Scheme (OPS) and the New Pension Scheme (NPS). This new initiative is called the Unified Pension Scheme (UPS). The announcement brought relief to millions of employees who had been raising their voices for OPS, ...
In a significant development for Indian corporate governance, Tata Sons is under pressure to adhere to the Reserve Bank of India’s (RBI) Scale Based Regulation (SBR) that mandates listing on stock exchanges by September 2025. This compliance is particularly crucial for major Non-Banking Financial Companies (NBFCs) categorized as ‘upper layer’ under RBI guidelines introduced in ...
The country is currently experiencing heavy rainfall in several regions, resulting in waterlogging issues in cities and causing inconvenience to the residents. However, rather than focusing on the troubles brought by the rain, let’s discuss a business opportunity that arises from it. We are talking about rain protection products that are currently in high demand. ...
Introduction Recently, Tata Sons successfully paid off a substantial loan of ₹20,000 crores, reportedly to avoid delaying a mega IPO. Interestingly, this payment also led to over ₹31,000 crores in gains for one of Tata Group’s flagship companies, Tata Consultancy Services (TCS). The shares of TCS witnessed a remarkable uptick of nearly 2% during trading ...
Indian stock market icon Rakesh Jhunjhunwala may no longer be with us, but his legacy continues to inspire those looking to make fortunes in the share market. A significant contributor to India’s newest airline, Akasa Air, he witnessed the launch of its first flight service on August 7, 2022, just a week before he passed ...
Introduction The Reserve Bank of India (RBI) is poised to trigger a significant transformation in the lending landscape, particularly for the MSME (Micro, Small, and Medium Enterprises) sector. RBI Governor Shaktikanta Das announced the ongoing pilot testing of the Unified Lending Interface (ULI) on August 26. This technology-driven platform aims to streamline the loan approval ...