Akshata Kamath is a Digital Storyteller at DailyO. She loves to simplify finance, business, healing and history.
Global pharma company Johnson & Johnson is going to stop selling its global legacy product: the talc-based baby powder. In 2020, Johnson & Johnson (J&J) had stopped selling baby powder in the US after thousands of consumer safety lawsuits were filed against the company.
...Full StoryThough getting fired from your workplace sucks, you are kind of asking for it if you show up drunk at your office, fail a drug test or disappear during work hours.
...Full StoryWhen global crude oil prices breached record highs in March and June , sectors like paint, tire, and aviation were the worst affected. But now that the crude oil prices are coming down, keep an eye on Asian Paints, Berger Paints, and Kansai Nerolac.
...Full StoryAn equity stock that gives a return of 100% or more in a relatively short period of time is called a multibagger stock. These are not a specific category of readymade stocks but are stocks that are undervalued, which can grow exponentially and are only spotted in the hindsight.
...Full StoryDomino's seems to have run out of its pizza business in Italy, the birthplace of pizza. This is because of increased local competition from traditional Neopolitan pizza places , increasing mom-and-pop stores, and high debts
...Full StoryMeme stocks are US-based stocks whose share prices rise instantly because everyone on the internet is talking about them and hyping them up, unlike normal stocks. This includes stocks like Bed Bath and Beyond, AMC Corporation, and GameStop Corp, whose share prices have risen by over 20% in the last 5 days.
...Full StorySectors that witness inelastic demand for products do well even during a recession. This includes sectors like Healthcare, FMCG, and Agrochemicals, where even if products become pricey, there will always be demand.
...Full StoryHad you invested in these 6 stocks on August 1, 2022, you would have made at least 20% returns on your investment by August 8, 2022.
...Full StoryTata Motors Ltd has acquired Ford India’s manufacturing plant at Sanand in Gujarat for ₹725.7 crore. The deal includes the transfer of the land and buildings, the vehicle manufacturing plant and the employees who worked at Ford's unit.
...Full StorySEBI has ordered a forensic audit of the accounts of debt-ridden Future Retail Ltd (FRL) for the financial years 2019-20, 2020-21 and 2021-22. The stock market regulator has appointed M/s Chokshi and Chokshi LLP as Future Retail's forensic auditor.
...Full StoryEvery time you win a lottery, you have to pay a flat tax of at least 31.2%. That's easy money for the IT department, don't you think?
...Full StoryA company gives its existing shareholders 'a right' to buy new additional shares at a discounted price. The existing shareholders get a time period to decide if they want to exercise the right or not since this is an option and not mandatory.
...Full StoryIf you want 1 share today and get some more shares for free in a few days, consider buying shares of High Energy Batteries Ltd and Variman Global who are splitting their stocks in August 2022. Meanwhile, Rural Electrification Corporation is offering a bonus issue.
...Full StoryMoney wounds are the stories, core beliefs, thought patterns and subsequent actions that keep you away from your monetary desires. These wounds can trickle down your generational line, or can come from feeling unworthy, having a poverty mindset, or even shaming the rich.
...Full StoryThe Indian government has increased the windfall tax on crude oil and reduced it on the export of Diesel and Aviation Turbine Fuel (ATF) from August 2, 2022. The tax on crude oil has increased from Rs 17,000 to Rs 17,750 per tonne.
...Full StoryWhen couples use money as a tool to control their partner's behaviour or keep over-monitoring or criticising their financial needs, it's a heads-up that the relationship is heading towards becoming a financially toxic one.
...Full StoryIf you arrange all listed companies based on their market capitalisation in descending order, the first largest 100 companies are called large-cap stocks, the next 150 largest companies are mid cap and the next 250 are called small-cap stocks.
...Full StoryHumans have pets to cope with loneliness and cure their anxieties, thus leading to a whirlwind growth in the pet care ecosystem. But growth in this sector isn't necessarily good in a country where a lack of government laws and regulations can often traumatise animals.
...Full StoryWhen someone asks: How is the Indian stock market doing? People typically get a response like 'Nifty went up by ...' or 'Nifty fell by...'. It actually means that the Nifty 50 index is up or down, which indicates how the top 50 stocks of the country are doing at the moment.
...Full StoryFIIs are like your favorite foreign relative who always gets you gifts from abroad in exchange for two nights in your room when they stay in India. DIIs are like your Indian relatives who get you gifts that are made in India.
...Full StoryHave you sold something before you owned it in real life? Well, this is legally allowed in the stock market, but with a catch: you have to buy it back on the same day, irrespective of the price.
...Full StoryMore than 100 listed Indian companies will be treating their shareholders with handsome dividends in the month of August and about 7 of these companies will be going over and beyond by paying more than 1000% in dividends to their investors. Here's the list that includes the likes of Eicher Motors, Sanofi India, Abbott India, Maruti Suzuki and more.
...Full StoryGAIL India Limited recently declared a reward for their loyal equity investors : a bonus issue in the ratio of 1:2. This means that investors will get 1 bonus share for every 2 shares held by them as of August 2, 2022.
...Full StoryFurniture rental is a good option if you are going to be staying in a place for a very short time, or if you are on a tight budget and do not want to spend a bomb. But if you want your furniture to be with you for long, then just go buy it.
...Full StoryAre you planning on investing money in the stock market in August 2022? From Taj Hotels to IndusInd Bank, here are 5 short-term and 5 long-term stocks experts are recommending.
...Full StoryIntraday trading refers to trading in shares on the same day before the market closes and making a profit out of the day's fluctuating prices.
...Full StoryA transaction is called a 'Bulk Deal' transaction when the number of shares being traded in the transactions is more than 0.5% of the total share capital. So, for eg: If Reliance Industries has about 1,000 shares and you buy or sell 5 or more shares of the company, then your transaction is a 'Bulk Deal'.
...Full StoryBlock Deals on the stock market involve trading in at least 5 lakh shares or trading in shares worth Rs 5 crore. This is done between 9:15 am to 9:50 am on a separate trading windows through a broker and after informing SEBI.
...Full StoryThough diamonds are always positioned on a pedestal, they are not really considered investment-worthy like gold. This is because there is no set global standard to value diamonds, no price transparency, and a lack of tradability when it comes to re-selling them.
...Full StoryWhen you open your phone on July 28, 2022 and see that the price of Tata Steel has been reduced by more than 10 times, do not be shocked. This is what is legally expected to happen when a company announces a stock split.
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