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Akshata Kamath

Akshata Kamath

Content Writerakshata.kamath@aajtak.com

Akshata Kamath is a Digital Storyteller at DailyO. She loves to simplify finance, business, healing and history.

By Akshata Kamath

What is happening in the oil market?

Global oil prices have been reducing over the last few months thanks to the increase in oil production. But, will it all change when OPEC+ decides to cut down oil production to increase oil prices?

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RBI hiked its repo rate and here's why you should care

The Reserve Bank of India (RBI) has hiked the benchmark repo rate, ie the rate at which RBI lends money to commercial banks, by 0.5% to control inflation. Now that the loan interest rates for commercial banks have gone up from 5.4% to 5.9%, here's why banks are raising interest rates and how it is looked at as one of the most powerful ways to control inflation.

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Insurance companies to now face GST dept's scrutiny for a possible evasion of Rs 824 crore

Director General of GST Intelligence (DGGI) has detected Rs 824-crore worth of input tax credit being illegally availed by 15 life and non-life insurance companies.

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What are slush funds? How do they work for governments and companies?

The US stock market regulator has fined tech giant Oracle for using slush funds to pay bribes. But what exactly are slush funds and how do they work in real life?

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If you're in Bengaluru, you can soon beat the traffic at Rs 4,000 for a 12-minute helicopter ride

An Urban Air Mobility company called FlyBlade India is launching 2 helicopter flights between Bangalore International Airport and Hindustan Aeronautical Airport (HAL), Bangalore from October 10, 2022.

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Indian Railways will charge 15% Busy Season Surcharge from Oct 1. Will you be affected?

Indian Railways will charge a busy season surcharge of 15% on goods that are transported by freight trains. This charge will be levied on all goods except coal, coke fuel, containers and automobiles.

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Why is the pound falling?

The pound sterling has been falling for a while now, but its value took a deep dive recently. The drop was triggered by a 45-billion pound (about Rs 393 crore) tax cut announcement made by UK's Chancellor of the Exchequer, Kwasi Kwarteng.

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Too poor to buy property but still want to invest in real estate? Try REITs

As real estate prices soar faster in 2022 than in the last five years, prospective home buyers might be in a tiresome race to invest in the best properties of their choice. But since buying real estate involves a lot of time and resources, investors can invest in REITs for an easier way out.

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September 2022 stocks: 12 IPOs of small Indian companies will hit the market before Sep 30

12 small and medium-sized Indian companies will aim to raise money through an IPO between September 26, and September 30, 2022, so that they can sell their shares to the public for the first time and get listed on the BSE SME or the NSE Emerge platform.

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Harsha Engineers IPO makes strong debut; stock zooms 30% over issue price

Harsha Engineers International Limited (HEIL), one of India's largest precision bearing cages producing companies, debuted on the stock market on September 26, 2022, at a premium of 36%. Though the IPO price range was Rs 314-330, the stock was listed on the NSE and BSE at a price of Rs 450 and Rs 444 respectively.

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A gaming firm is being asked to pay Rs 21,000 crore in GST. Why?

Bengaluru-based gaming company Gameskraft Technology (GTPL) has been slapped with a GST notice of Rs 21,000 crore by the Director General of Goods and Services Tax Intelligence (DGGI) for evading GST on business transactions between 2017 and June 2022.

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The Rs 22,000-crore ABG Shipyard Case: A timeline of India's biggest bank fraud

Rishi Agarwal, the chief of ABG Shipyard was arrested recently. After his arrest, assets worth Rs 2,700 crore of the company were frozen by the Enforcement Directorate (ED). Here's how the drama of India's biggest banking fraud has unraveled over the years.

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Why did RBI cancel Laxmi Co-operative Bank's licence?

The RBI has cancelled the licence of Maharashtra-based The Laxmi Co-operative Bank Ltd with effect from September 22, 2022, because the bank had inadequate capital to run its affairs, did not have enough earning prospects and continuing the bank's operations would have affected public interest adversely.

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When a CEO is fired, the Golden Parachute clause kicks in. What does it mean?

The Golden Parachute clause helps a CEO (or any top leader of a company) sail through the balance period of his tenure, in case he is terminated before his term ends. Though this practice is now called unethical by some, it came into place to protect to protect CEOs and investors from hostile takeovers.

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5 Indian stocks to look out for in October 2022

If you are looking to make some passive income in the month of October, 3 listed Indian companies will be distributing a good amount of money as dividends while 2 will be giving bonus issues. This includes Maharashtra Scooters, Taal Enterprises, Accelya Solutions, Insecticides India and Ruchira Papers.

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New SEBI framework will allow non-profit social enterprises to list on Social Stock Exchange: The rules

A few years after FM Nirmala Sitharaman first floated the concept of Social Stock Exchanges (SSE) in the country, SEBI has brought out the minimum requirements in terms of registration and disclosures that social enterprises have to follow to get listed on the SSE.

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SEBI puts Go Digit's IPO in abeyance. But what does that mean?

Go Digit filed its Draft Red Herring Prospectus with SEBI in August 2022 to raise about Rs 1,250 crore by issuing fresh shares. But India's capital market regulator SEBI has put the IPO application in “abeyance” (ie kept on hold), thereby pausing the online insurance company's plans of going public.

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Maharashtra FDA cancels Johnson & Johnson's production license as 2018 samples test hazardous

The Maharashtra FDA has cancelled the production license of Johnson & Johnson's in Mumbai and ordered it to recall its stock from the market. The serious steps come as a result of the FDA's sample tests that were conducted in 2018 and 2019, which found that the talc-based baby powder has a pH value above the mandated levels.

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Inox Green Energy to bring in Rs 740 crore IPO in October-November 2022

After withdrawing its initial draft red herring prospectus in April 2022, Inox Green Energy Services has received SEBI approval on its second draft red herring prospectus. Inox Green now plans to come out with its Initial Public Offering (IPO) by October 2022 and raise Rs 740 crore to fund its expansion plans.

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After delivering apples, Blinkit will now deliver Apple products in minutes. But only if you are in Mumbai or Delhi

In an industry-first for both Apple and Blinkit, the quick e-commerce platform Blinkit will now deliver Apple products directly to your home in minutes, just like it delivers groceries. This service will start only in Mumbai and Delhi for now.

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Queen's funeral to be paid for by British taxpayers as inflation soars in the country

The Queen's royal funeral at Westminster Abbey on September 19,2022, will be paid by British taxpayers, even though the royal family is worth £28 billion and can fund the funeral. Security costs seem to be a major component of the high funeral costs since most international state leaders are expected to attend the funeral.

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Zomato Intercity Legends is here, but customers have mixed reviews

Zomato's new service 'Intercity Legends', through which it delivers popular food items across cities, has received mixed responses from users. But being a shareholder MIGHT help you to a certain extent.

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India might be part of global bond index soon. But what is it?

India might be included in JP Morgan's 'GBI-EM' global bond index that tracks global debt bonds issued by governments of emerging countries. Here's what global bond indices are, how India's inclusion is a good money- making opportunity for investors, and how India stands to gain $30 billion in 10 years.

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Now pay more for Disney World Florida entry tickets, but don't expect anything great

Arguably the happiest place on Earth, the Disney World, has raised its ticket prices in Florida in US, but without raising its standards. As customers come back to the park after the Covid sabbatical, they are complaining about several issues.

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Harsha Engineers Rs 755 crore IPO: What you need to know before buying their shares

Harsha Engineers International Limited (HEIL), one of India's largest precision bearing cages, wants to raise Rs 755 crore through an IPO. The process will start from September 14 and go on till September 16, with each share costing you Rs 314-330. 

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Infosys will fire anyone caught moonlighting. But looks like there are exceptions

The HR department of Infosys sent out a mail warning employees of termination if they were engaged in employment with another while being employed at Infosys. But looks like some people did not receive the mail from the management.

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Goldman Sachs is scrapping perks like fancy coffee, free car rides. They are not alone

As employees return to the office after the long hiatus of working from home, they might find something missing: the cool office perks that they once boasted about. From free coffees to laundry and free daily car rides, US-based companies are cutting costs and scrapping perks.

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Europe Energy Crisis: Coal use jumps, Eiffel Tower lights to go off early, 5-min showers

The continent is dealing with high electricity bills, thanks to Russia messing around Europe's natural gas supplies. So Europe is taking action to cut down on energy demand.

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God has saved King Charles III, from 40% inheritance tax

When Queen Elizabeth died, her throne was inherited by her son King Charles III, while his son Prince William inherited the title of ''The Prince of Wales'' from his father, King Charles III. As everyone in the family line inherits the position of their lineal ascendant every time the King or the Queen dies, do they really pay inheritance tax on it?

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Australia is cancelling its Millionaire Visa. The rich can't buy their way into the country now

Australia's 'Golden Ticket' visa also known as the 'Millionaire Visa' allowed an investor to stay in Australia for up to five years if they tipped at least A$5 million (about Rs 27.36 crore) into approved investments and intended to hold that investment for the life of the visa.

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