Akshata Kamath is a Digital Storyteller at DailyO. She loves to simplify finance, business, healing and history.
The Food Safety and Standards Authority of India (FSSAI) is considering enforcing all packaged foods manufacturers to print warning labels on the front of all snacks and sweet packages with a star rating.
...Full StoryFrom March 2023, students appearing for the IELTS exam will have the option of re-taking one module of IELTS instead of all four, if they do not get the desired score on the first attempt. This will help those students who scored well in most modules but missed out on one module due to some problem or the other.
...Full StoryRotomac Global, the famous pen manufacturing company that was under the CBI and ED scanner in 2018 for defrauding about 7 banks of Rs 3695 crore, is again booked for defrauding Indian Overseas Bank of Rs 750 crore.
...Full StoryPaytm's share prices have been declining since the last one year. But the news that promoter SoftBank is selling 4.5% stake out of its 17.5% in Paytm led to its share prices sinking by 10% in a matter of hours on Thursday (November 17).
...Full StoryThe impact of the FTX crash is not just limited to the investors who invested in these companies. It is also set to affect the crypto industry, the regulations industry, the philanthropist entities, and a shift of money into government-backed treasury bills. This is also set to trigger more crashes in share prices of other related companies (just like it happens in a recession) and reduce trust in 'experts'.
...Full StoryZip Recruiter conducted a study to understand the college degrees that most students were happy about and the degree that was most regretted in terms of return on their investment. They found that students who studied journalism, sociology and liberal arts regretted their decision the most; while the students who opted for computer science and criminology were happy about their graduating subject because of the money they made in their jobs.
...Full StoryIndian budget airline SpiceJet has reported losses of Rs 838 crore in the July-September quarter of 2022 even though its revenues increased substantially in the same quarter.
...Full StoryBrokerage firms are betting on Mahindra & Mahindra as the stock one should look out for. This is because Mahindra has been growing consistently over the years, has witnessed double digit growth in the last few years, has created fabulous cars and tractors for customers, and has worked on reducing costs and increasing margins.
...Full StoryFans are spending a lot more for concerts in the US thanks to a higher base price, higher fees levied by the show's promoters, and a new dynamic pricing model that is binding your cost to the time you book your ticket.
...Full StoryWhen you receive interest income and capital gains from your mutual fund investments, it will be taxed at different rates depending on where it comes from.
...Full StoryIf you are in your 20s, here's some financial advice you will get from those who have crossed the benchmark: Save money from a young age even if its little, invest your time and money in essential skills, avoid debt, learn to say 'NO', repay your credit card bills on time, and focus more on learning than earning.
...Full StoryZomato may have created multiple membership plans and features to grow the company with interesting revenue models and entice more customers. But now that Zomato has launched a new feature called Zomato Pay, here's how its different from Zomato Pro.
...Full StoryTata Motors recently announced its plans to delist its American Depository Receipts Shares (ADS) from the New York Stock Exchange (NYSE) from January 2023. Once the ADRs have been delisted from the NYSE, there would be no over-the-counter market trading of the ADRs in the United States.
...Full StoryIf you are planning on investing money in the Indian stock market in November 2022 for a long-term, here are 10 stocks the experts have recommend.
...Full StoryIf you are planning on investing money in the stock market in November 2022 for a short term, here are five stocks that experts have recommend.
...Full StoryJust like home buyers who protect their homes from haphazard events with insurance, apartment renters can use a similar concept to protect their homes. Here's what renters' insurance covers, excludes and the companies that help you protect your rented apartments from damage.
...Full StoryThe traditional 50/30/20 budgeting rule asks you to spend 50% of your income on necessities, 30% on yourself, and 20% on savings. But if it doesn't work out for you, you can play around with your budget and make it work for you.
...Full StoryThough your mortgage costs will depend on your income levels, circumstances, financial goals, and current debts, the general rule is that you should not spend more than 25-28% of your income on your mortgage, and your mortgage should not be more than 36% of your debt.
...Full StoryYou need to have an emergency savings fund to take care of random expenses that pop out of the thin air. Once that is taken care of, pay off your debts because otherwise they eat away your income and delay your process of becoming debt free and your ability to be wealthy.
...Full StoryIf you are an adult who wants his/her financial life to be better with every passing day, you should at least know how to research a business, read annual reports, and find good quality stocks. Your older self will also thank your younger self for learning skills like budgeting, computing taxes and using an excel sheet.
...Full StoryIf you are buying a health insurance policy, look for things like restrictions on rooms and room rent, disease-wise limitations, pre and post hospitalisation care, and a low waiting period. Also ensure that your daycare treatments are covered along with free health checkups, alternative medicine treatments and bonus in case there is no claim.
...Full StoryAfter hiking interest rates multiple times in 2022 to control inflation, the US Federal Reserve ordered another massive interest rate hike and brought interest rates to 4%. This will further influence the stock market, the housing market, and the job markets, bring a recession, and even lead the Indian and UK central banks to raise their interest rates.
...Full StoryIf you know how to save, how to calculate your net worth, and how to trade in the stock market to increase your financial wealth, you could financially function well as an adult. Add to this your knowledge and execution of concepts like the power of compounding, inflation, and insurance, and you need not worry about turning old.
...Full StoryConsistently spending over your budget or buying a liability that you are not mentally ready for can be quite cruel on your mental health over a period of time. Though bad money decisions can suck you into the vicious cycle of guilt and shame, you can break the shame cycle by accepting responsibility, talking to someone you trust, making a revised plan and taking small aligned actions.
...Full StoryIndia's popular Bhujia maker Bikaji Foods' is set to conduct its IPO process between November 3 and November 7, 2022, to raise about Rs 881 crore. Here's more about the IPO, its famous marketing campaign with Amitabh Bachchan and what Bikaji's financials look like.
...Full StoryTalking about money when you are dating can get awkward and tense. But when you try to understand the fears and reasons behind your partner's behaviours, actions, and beliefs, especially their values, their goals, and future plans with playful and inquisitive conversations, being financially well-off as a couple is a real and achievable goal.
...Full StoryWhen you write down your expenses in a notebook or a piece of paper, you benefit in three important ways: you make it a personal process, you enhance your motor memory (ie remember things better), and you feel more in control of your finances.
...Full StoryNew SEBI rules will mandate IPO issuing companies to disclose data about price per share and funds raised before the IPO to help investors make better investment decisions. The companies also get a concession: their Draft Red Herring Prospectus (DRHP) on SEBI's website will now be private and confidential, unlike earlier when DRHPs were public.
...Full StoryFusion Micro Finance is set to conduct its IPO process between November 2 and November 4, 2022, to raise about Rs 600 crore through a fresh issue and also sell about 1.4 crore of existing shares.
...Full StoryThough businessmen might be rich and have a lot of cash lying around, they might still prefer taking loans to buy a business. That is because getting a loan is quick and efficient, gives you tax deductions and allows you to invest your working capital elsewhere.
...Full Story