Why we are obsessed with money
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Everything that we are doing in life is centred around money.
What a way to exist!
For most of us, practically the whole day all we are thinking is about money and more specifically how to have more money!
As if money was the only thing in life. Unfortunately for most of us, circumstances just do not permit any other thought!
We are running behind money most of the time which is almost akin to have become obsessed with money. Everything that we are doing in life is centred around money.
Unfortunately, this is because we need money for anything and everything that we do. There’s nothing wrong and what are you doing, however the problem is that over time, it becomes a compulsive habit to keep earning more.
That’s where the danger is. The problem is that there is a point where from we chase money as an addiction, we chase money because we like to do so. If we did not chase money we would not know what to chase now because we get out identity from money and the amount of money we have.
Another thing is that right from childhood we are always taught and our minds are conditioned that everything that we are doing is going to be for the sake of earning money.
There is no one who told you that money is just a means, and then there is something greater in life to achieve. Some examples are legacy; building something, charity; to giving something / helping someone, passion; pursuing something and living; simply to enjoy life and your money
We have got addicted to this and how!
There are three reasons for this:
First, we are what we do. It is the human behaviour. I know I should exercise and I don’t. I know I should eat healthy and I don’t. I know I should spend time with my kids and I don’t. I know that, yes, money isn’t going to make me happy and I still keep trying to make money.
We live by the laws of inertia, in a pattern which is hard to break. But we have to break it. For ourselves and for the sake of people and reasons for which we are chasing money.
Secondly, we need signals of progress. Money is a measure of how far you have progressed in life. The more the money you have the more you can make sure your progress. It’s simply the logic of evolution. People need validation of their success. Bigger house, bigger car, branded goods and list goes on.
Thirdly, it’s the easy way out. It’s only human to avoid difficult things. Important things are very difficult to measure. Have I been a good father or husband? Have I groomed my child well? Such things take years to measure and we still don’t have answers.
So, should we not be focused on creating money for ourselves?
I’m not saying that. Definitely create. Take care of yourself for sure!! Use it to the maximum to make yourself happy!!! You need a certain amount and beyond that is extra.
The definition of their certain amount is naturally different from one person to another. If that extra is going to happen easily, without stress and without your involvement, then its fine. Basically don’t kill yourself for that extra. Be Smart.
Kartik Jhaveri is an expert at planning money, life and aspirations. He is a certified financial planner, wealth manager and financial freedom coach.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
How the RBI actually helps you
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Most of us in Mumbai, see this huge structure called the Reserve Bank of India and wonder what it really does. It’s also a tourist attraction!! It has so many other offices and again one wonders why they need to have so many offices. I’m going to try and highlight a very interesting part of …
Most of us in Mumbai, see this huge structure called the Reserve Bank of India and wonder what it really does. It’s also a tourist attraction!! It has so many other offices and again one wonders why they need to have so many offices. I’m going to try and highlight a very interesting part of RBI’s work and how it helps us directly on a day-to-day basis.
The RBI does a review of the monetary policy of the country at frequent intervals during the year. So how does the monetary policy help us investors to take smart decisions?
Monetary policy is a tool by which the RBI decides to raise interest rates or reduce interest rates or keep them steady.
In our country, as we’re an oil importing nation, this decision is very closely linked to Oil. Oil to a large extent contributes to inflation. We all know what happens when inflation keeps rising. We in India unfortunately do not see too much of inflation falling and things becoming cheaper.
Oil is Not Well
So when oil prices rise i.e. we see a rise in crude oil prices almost instantly we can expect rising food prices. This is because there is going to be a rising cost pressure for manufacturing & services. This rise obviously gets passed onto the retail consumers.
When this happens RBI adopts a hawkish stance, tries to pull money out of the system by raising interest rates. Now when interest rates rise no one seems to be interested in borrowing. This immediately puts a brakes on money circulation. Less money chasing goods decreases the demand for money. This way it controls inflation.
There is yet another tool that the RBI has and that is known as the CRR or the cash reserve ratio. This ratio in simple words means the amount of cash that the bank must maintain with the RBI as the percentage of the total assets. So when this increases banks are forced to park more with the RBI and this is also a way to control inflation.
On the other hand when things look dull, when there is a recession of sorts, the RBI comes to the rescue and gets into action to kickstart growth in the country. It does this by lowering the interest rates. This we all will understand quite easily because we see a direct benefit of this happening. We see a fall of interest outgo in our EMI’s for the home loan that we are carrying. New loans become cheaper.
Individuals are motivated to go out and make purchases, whether it is for a washing machine or a piece of real estate. Businesses are motivated to go out and borrow to buy more machinery, to expand capacity, to hire more staff and manpower and basically do everything that will add to the growth of business.
Economic growth results as a result of all this. It is also during this time that stock market rises, we see a rally in stock prices and mutual fund NAV’s jumping higher and higher each day. There is prosperity all around.
Critical Role
As you can see that the central bank of the country has a very very important role to play. If it makes a mistake, things can go really wrong. Imagine like the USA or Japan if our interest rates were very low; everyone would run to borrow, they would borrow more than they require because it would be cheap and easy to borrow. And that is very individuals would run into what is known as the debt trap, because someday you’ll have to pay back.
Each day the central bank attempts to make sure that everything in our country remains stable and financially there’s nothing that goes wrong dramatically.
Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager & Financial Freedom Coach.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
The year of the bond, once again!
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Whenever we see discontent among depositors of fixed deposits, the bond markets come to the rescue.
We are not talking of James Bond, we are talking of investment bonds.
We are in a situation where the fixed deposit rates are at a general low and there is a lot of discontent among depositors of fixed deposits.
Whenever we see a situation like this, one way or the other, the bond markets come to the rescue. It comes to the rescue of smart depositors, who are agile to move their money from fixed deposits to bond funds.
Let’s understand what is happening and why.
What Exactly is Happening in the Bond Markets?
It is likely that in this year, investors of bond funds will make handsome gains. Bond prices may rise and there may be capital gains. Investors of bond funds not only earn the rate of interest, but also earn capital gains. So that way, they make more than the return they would make on fixed deposits. The returns could be a high single digit or sometimes as high as double digits.
Over three years, this will become practically tax free or the tax would be a very small amount. So, basically, I am thinking that a rally will happen in the bond market. There are three main reasons for this — reduction in government borrowing (which is favourable), recovery of trading losses (which is favourable) and no change in monetary policy (which is neutral).
A word of caution, however, that such bond market investments are also subject to bond-market volatility and should be considered ideally with the help of a financial expert.
Before proceeding further, let us, therefore, quickly explain a bond, bond fund and bond market. We need to do this because few people understand the bond markets and even fewer invest in the bond markets.
Bond is nothing, but a commercial transaction where the borrower is issuing a bond to the lender and the lender will earn a certain rate of interest. When interest rates fall, everyone becomes interested in owning that bond.
As a result, the demand for the bond increases, the price of the bond increases and the bondholder makes capital gains.
A bond fund is a fund where ordinary investors pool in their money and a fund manager buys them a portfolio of bonds.
Moving onto the Reasons For a Rally in Bond Funds…
Now, the fundamental reason for a rally is reduction in interest rates as it stimulates economy and growth.
Firstly, the government is a massive borrower of funds. So a reduction in government borrowing reduces the demand for money in the economy. As a result, prices of bonds rise and this contributes to capital gains for bond holders.
Secondly, the Reserve Bank of India (RBI) recently announced that the commercial banks and RBI, which are the largest lenders to the government, will have another year to offset losses they have incurred on account of buying government bonds in the past. This action will lead to a rise in the price of bonds and this contributes to capital gains for bond holders.
Lastly, on one side due to the rise in oil prices, there is more inflation and thus more money is needed for circulation in the economy. On the other side, many government bonds are maturing, which will provide money supply. So, it is likely that we see a neutralising effect and thus RBI will take no action. This inaction here will support capital gains as explained above. Hence, this year might be a year of good gains for the bond investors.
Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager & Financial Freedom Coach.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Five new financial goals for you this summer
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
April and May are great months to get a lot of things started, financially speaking. Here is a guide.
I am going to try and explain to you why the summer holidays of April and May are great months to get a lot of things started, financially speaking.
This time period in a way resets the financial clock. You also have the option to hit the reset button on everything you have done so far; financially speaking of course and hope to do better things better than you did last year.
Let’s look at some of the new and unusual things to do in April.
- Make a learning budget
Learn something about money or anything you like. The best way to make money is to learn something about money. Just like if you wanted to learn cooking you will get into the cooking class. If you wanted to learn swimming you would enrol in the swimming class. If you find learning about money is too daunting task than learn something which is close at to your heart or related to your work. If you learn something new, there’s a possibility that you will use your new ideas to generate new income and in turn that will generate new wealth for you. So make a budget, enrol somewhere and spend that budget. How about a % of your annual income? Spend it for sure!
- Plan a unique holiday
When you’re by yourself and without your mobile phone you will have the opportunity to think! When you have time to think, suddenly good ideas will come to your mind. You may think this is silly but you can be sure that you will be amazed if your drivers experiment just once. So it might be a good idea to go for a holiday just by yourself. If you find that too intimidating, join a group of strangers. You can combine that with the adventures experience if you like. Be extra careful if you’re going with your special buddies. Do this only if they are going to be in a position to help you discuss your idea and make it bigger. They must play the role of complimenting your thoughts. So make a schedule to do this holiday and obviously make a budget to make it happen. Think & create new ways of making wealth.
- Make a prediction and make it happen
Be brave. Let’s aim to grow and multiply net worth by 50% by the time you come to the end of this financial year. This is not a joke and it is easier than you can imagine. I’m speaking about NETWORTH and I’m not talking about return on investment. If your networth is Rs. 100 today, all I’m saying is that let’s aim to make this a 150 by the end of this year. This networth comprises of all your savings till date. This can be achieved by simply saving aggressively every month for the next twelve months. Just put this into a recurring deposit or liquid fund so you don’t spend it. We just have to prove to ourselves that this is possible. Where and how we will invest this money will think about that later.
- Eliminate a negative belief
I want to give you an exercise here. Write down all your negative beliefs you have about money and wealth. Most people are not able to achieve the desired level of wealth because they think about wealth negatively. So even if you are earning a good amount of income you will never see yourself becoming wealthy. Examples are money causes problems, money causes a fight, managing money is complicated etc. Then for each negative thought, you have written down the positives i.e. the opposite for a few months. Soon negatively biased feelings will evaporate.
- Make a new investment; something you have not done before
Again here you do not have to be a financial expert. The idea is to learn something new. There are hundreds of investment options. Our objective here is to learn something new. Talk to your advisor and seek his or her guidance. Just a word of caution here; don’t do anything which is speculative or is something that you just can’t understand. Do what do find easy you understand and do that then.
Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager & Financial Freedom Coach.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Seeking financial freedom? The time is NOW!
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
The important thing to understand is that your money needs action.
John Lewis famously remarked, “If not now, then when? If not us, then who?” This is so appropriate in the current financial world that we live in.
That statement will leave to rest every other argument that is conservative and against the idea of wealth creation. We are often faced with the situation where there is no option but to create wealth. Read on to know why!
Interest rates are painfully low. For all those diehard fans of guaranteed investment returns, there’s hardly any place to go to. Thinking of fixed deposits? Feeling happy with 7%? And fully taxable? That period is over. Period.
That doctrine of investing into pure fixed deposits and similar instruments is unfortunately standing challenged. There is no option but to sprinkle it with a combination of a little something that will add to the returns earned from fixed income type of securities. In fact this category of investors are in a way, best placed in terms of the current tax laws.
They can earn about 9-10% with minimal or near zero tax over about five years and more. Starting to generate rate of return above the inflation level of 7% is starting to create wealth. So there it is; there is no option but to move in the direction of creating wealth.
For more evolved investors, who invest in equities and who and still sitting on the sidelines tend to run out of patience every now and then. They are sometimes waiting for the right time, sometimes waiting for correction, sometimes waiting for valuation and sometimes waiting for just nothing. Sometimes, just too busy to take action!
I totally understand not wanting to lose hard-earned money. But if the money does not move it will stagnate. That’s the problem with money.
Hit the Ground Running
Inaction and inactivity kills it. Makes it costly to hold. Makes us lose opportunities, sometimes small and sometimes significant. I know of many people including my dad, who just kept investing into equities and holding forever. No doubt they were hugely (big HUGELY) better off then the people in the same time zone. I think they could have done far better with some smart lessons on asset allocation. This is because if they compare the growth rate of their holding over a period of 20 or maybe 30 years the compounded rate of return earned is often not impressive.
It is just marginally better or a few percentage points above the fixed deposit rate. Hence the need for asset allocation, which simply put is not to have all eggs in one basket at any given point in time. These sections of investors anyways create wealth, and, asset allocation is the tool that ensures that the process of wealth creation continues uninterrupted. So again there it is; even for this section there is not option but to start enhancing their wealth creation activities, else returns will continue to remain forever mediocre.
Then there are skeptics and there is nothing much for skeptics of everything, except that they need a serious dose of financial education. Perhaps what if needed is a proof of concept and for that, which better country to live in other than India where financial transparency in investments is so high that I sometimes feel, it comes from another planet.
Your Money Needs Action
Today, there is a whole lot of variety to choose from and we have never been more spoilt for choice. But the most important thing in all this is to understand that your money needs action. It needs activity and for that the time is now!
And furthermore, if you asked me this question 10 years ago; I would have said that, the Time is NOW. If you ask this question 10 years hence, I will still say the Time is NOW. Any time is the right time to start the process of creating wealth. All that is important is that you take your first step; then continue it all the way with zeal and determination… till you have the level of wealth that you desire. And if you accumulate more than you need, still do it and share it with the world.
If you want your financial freedom; then the Time is NOW!
Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager and Financial Freedom Coach.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Young Turks: Here’s the success story of venture fund Aspada
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Venture fund Aspada was co-founded by Kartik Srivatsa and Thomas Hyland in 2012 and has made 17 investments so far across Fin-tech, agriculture, health and edu-tech startups. Young Turks takes a look at their investment thesis, their differentiated VC model and meet three of their portfolio companies – Capital Float that underwrites unsecured loans to …
Continue reading “Young Turks: Here’s the success story of venture fund Aspada”
Venture fund Aspada was co-founded by Kartik Srivatsa and Thomas Hyland in 2012 and has made 17 investments so far across Fin-tech, agriculture, health and edu-tech startups.
Young Turks takes a look at their investment thesis, their differentiated VC model and meet three of their portfolio companies – Capital Float that underwrites unsecured loans to startups and SMEs; Dunzo, a hyper local concierge and delivery player that is also Google’s first direct startup investment in India; WayCool, a Chennai-based agriculture-tech startup.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Poll officers cannot force electors who ‘refuse’ to vote at polling booths, says EC rule
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
While the NOTA (None Of The Above) option allows voters to express their lack of confidence in any of the candidates seeking mandate, the “refusal to vote” option allows an elector to shun the poll process in its entirety.
At a time when the Election Commission pledges to leave no stone unturned to bring eligible voters to polling stations to exercise their franchise, not many electors are aware of their right to “refuse to vote” even after registering their identities before the presiding officer.
That right, which is separate from the provision to vote under NOTA, can be exercised under the ‘Conduct of Elections Rules, 1961 Rule 49-O’, which elaborates the little-known option for electors to abstain from voting even after reaching the polling booth.
While the NOTA (None Of The Above) option allows voters to express their lack of confidence in any of the candidates seeking mandate, the “refusal to vote” option allows an elector to shun the poll process in its entirety.
The 49-O clause directs the presiding officer that once an elector refuses to vote inside a booth after having his credentials verified, the officer shall put “a remark to this effect against the entry in Form 17A and the signature or thumb impression of the elector shall be obtained against such a remark”.
“This is not a new introduction of rights. It has existed for some time. The electors, though, have very little idea about it. Most people are unaware of this option,” a senior official of the EC told PTI.
The abstention from voting would, of course, play no role in affecting poll outcome and the candidate who secures the highest number of valid votes polled, irrespective of his winning margin, would be declared elected, he clarified.
On whether the EC would raise the awareness of the electors in this regard, the official said, “There is no such plan at the moment.” Underlining the advantage of rule 49-O, he stated that the rule “provided an option to reject all candidates while simultaneously keeping a check on bogus voting”.
Statistics from the EC state that in the 2019 edition of general elections, 1,389 votes were “rejected due to other reasons (at polling station)” across India.
It could not be ascertained, though, whether all or a fraction of these votes were rejected for people exercising their rights under rule 49-O.
The rule states that “if an elector, subsequent to his electoral roll number duly entered in the ‘Register of Voters’ Form 17A as well as his signature/ thumb impression duly taken, decides not to vote, he shall not be forced to cast his vote”.
“In the Form, in place of ‘Under Rule’, left without voting or ‘Refused to Vote’ will be inserted for those electors who after signing in “Register of Voters” wish to leave without voting,” it says.
In the event of the “allot” button on the EVM’s ‘Control Unit’, which readies the ballot unit for “recording a vote”, getting activated when an elector refuses to vote, the presiding officer or the third polling officer should direct the next voter to proceed to the voting compartment to record his/her vote, the poll panel official pointed out.
However, if the “allot” button has been pressed to “release voting” on the ballot unit when the elector refuses to vote, the presiding officer would then have to reboot the control unit by killing its power and disconnect the VVPAT, before enabling the machine to accept the next vote, he said.
“The power needs to be switched on after the “busy” indicator goes off and the “close” button becomes functional to close the poll,” he explained.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Sprinklr appoints Amitabh Misra as chief technology officer
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Amitabh Misra will lead all R&D (research and development) teams across the globe, and will report directly to Sprinklr Founder and CEO Ragy Thomas.
American software firm Sprinklr on Thursday said it has appointed Amitabh Misra as Chief Technology Officer (CTO), effective April 1, 2024. Misra will lead all R&D (research and development) teams across the globe, and will report directly to Sprinklr Founder and CEO Ragy Thomas.
“As a technology enthusiast, I am passionate about building large-scale technology platforms, powered by the latest in AI research that are uniquely capable of delivering exceptional value for customers,” said Misra.
It is a very exciting time to join Sprinklr to contribute to advancing the Unified-CXM platform vision and leverage Sprinklr’s cutting-edge AI to support brands which are exceptional at delighting their customers, he said.
Previously, Misra was working with Adobe as Vice President of Engineering. Sprinklr Founder and CEO Ragy Thomas said the company’s CTO is crucial for its customers, partners, employees, and overall business success.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
‘Committed to serving you as son’: Varun Gandhi’s note for people of Pilibhit after BJP denies him ticket
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
The BJP has fielded Uttar Pradesh Minister Jitin Prasada from the Pilibhit Lok Sabha seat replacing Varun Gandhi, who in recent times has been vocal against the NDA government over issues like inflation and unemployment.
After being denied a ticket from the Pilibhit for the 2024 Lok Sabha elections, BJP MP Varun Gandhi on Thursday penned an emotional letter to the people of his parliamentary constituency, saying his relationship with them will remain the same until his last breath.
The ruling Bharatiya Janata Party (BJP) earlier announced Uttar Pradesh Public Works Minister Jitin Prasada as its candidate from the Pilibhit Lok Sabha seat replacing Varun Gandhi, who, in recent times, has been vocal against the NDA government over issues like inflation and unemployment.
Prasada, who left the Congress party and joined the BJP in 2021, filed his nomination from this seat on Wednesday.
In a letter shared by him on the social media site X, Varun Gandhi noted that his relationship with Uttar Pradesh’s Pilibhit is one of love and trust, which is over any political calculations.
“Today, when I am writing this letter, countless memories have made me emotional,” Varun Gandhi wrote, recalling the time he came to Pilibhit for the first time in 1983 as a three-year-old child holding the fingers of his mother, Maneka Gandhi.
“Little did that child know that one day this land would become his workplace and the people here would be his family,” he wrote.
He shared that the ideals given by Pilibhit were instrumental in his “upbringing and development” as a person, besides being the MP. He added that representing Pilibhit in Lok Sabha has been the “greatest honour of my life and I have always raised my voice for your interests to the best of my ability”.
Varun Gandhi won the general elections from this seat in 2009 and 2019 as a BJP candidate.
He noted that his tenure as a Lok Sabha MP might be coming to an end, but his relationship with Pilibhit can’t end “till my last breath.”
“If not as an MP, then at least as a son, I am committed to serving you throughout my life and my doors will always remain open for you as before,” he said.
He shared that he joined politics to raise the voice of the common man and sought blessings from people to continue doing this work.
Since 1996, the Pilibhit seat has remained a bastion of Varun Gandhi and Maneka Gandhi. However, this will be the first time in over three decades that they will not be in the fray from this Lok Sabha seat — situated in the Terai belt bordering Nepal.
The BJP denied him a ticket from Pilibhit did not come as a surprise for many as he has been criticising the government on issues related to farmers, health and jobs.
Earlier, there were speculations that Varun Gandhi might contest this seat as an Independent candidate. However, the speculations were put to rest on Wednesday when he did not turn up before the filing of nominations ended.
Meanwhile, the BJP has given Maneka Gandhi, the sitting MP from Sultanpur, another chance from the same seat.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Jayesh Mehta of DSP Finance thinks a rate cut by RBI may take six months
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Mehta’s prediction aligns with a Reuters survey of 56 economists, indicating the central bank may keep rates steady until at least July.
Jayesh Mehta, Vice Chairman and CEO at DSP Finance says the first rate cut by the Reserve Bank of India (RBI) may take six months.
Mehta’s prediction aligns with a Reuters survey of 56 economists, indicating the central bank may keep rates steady until at least July.
On March 27, RBI released the schedule for its bi-monthly monetary policy committee (MPC) meetings for the next financial year.
The first meeting will be held from April 3-5, while the next will start on June 5, as per an official statement.
What’s interesting is that Mehta believes bond yields could rise to between 6.75% and 6.8% in the coming three to six months.
The yield increase will be driven by a blend of market forces including a robust demand for bonds, a constricted supply, and the added momentum from JP Morgan’ Bond Index inclusion, which will lead to heightened interest from international investors, Mehta noted.
Global funds have already added about $10 billion into Indian bonds since JPMorgan Chase & Co.’s September announcement of the nation’s inclusion in its closely followed emerging-market debt index.
Mehta said although inflows due to inclusion in the JPMorgan Bond Index is expected at around $23 billion, the actual inflows could be much higher as non-index investors also tend to get attracted.
For more, watch the accompanying video
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Accel’s Atoms picks 8 startups for its third cohort with a focus on AI and Industry 5.0
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
The eight startups in Atoms 3.0 will each receive up to $500,000 in funding, access to perks worth more than $5 million from Accel’s network partners, personalised mentorship and the opportunity to collaborate with a strong peer community of founders.
Flipkart and Swiggy-backer Accel India have unveiled eight startups for the third cohort of its six-month pre-seed accelerator programme called Atoms.
The latest cohort marks a rejig in the programme strategy — from being sector-agnostic to thematic — with a dedicated focus on operators in artificial intelligence and Industry 5.0.
Accel Atoms’s two preceding cohorts were dominated by startups in B2B, SaaS, Crypto, D2C and hardware, among others. For Atoms 3.0, Accel says it wanted to provide “deeper, sector-focused mentorship for startups”, as artificial intelligence turns into a “must-have” in the portfolio.
“We believe we have found the next wave of disruptors in AI and Industry 5.0, and the proof of this has been witnessing the growth of each of these startups since joining the programme,” Prayank Swaroop, Partner, Accel.
The four AI startups that are part of Atoms 3.0 are Tune AI (a Generative AI stack for enterprises), Skoob (a GenAI platform for reading), Meritic (a storytelling co-pilot for financial planning and analysis) and Arivihaan (an AI-based, fully-automated learning platform).
The two Industry 5.0 startups in this cohort are Spintly (an IoT platform for smart buildings) and Asets (a multidisciplinary CAD, simulation and engineering design platform). The two remaining startups from the cohort are in stealth.
The eight startups in Atoms 3.0 will each receive up to $500,000 in funding, access to perks worth more than $5 million from Accel’s network partners, personalised mentorship and the opportunity to collaborate with a strong peer community of founders from past Atoms cohorts and Accel’s network of over 200 portfolio founders, industry buyers, and customers.
The cohort was launched with a four-day long kickoff programme that included an AI summit with over 200 AI founders and operators, and an Industry 5.0 customer connect. The Atoms 3.0 founders interacted with senior business and tech leaders from companies like Swiggy, Flipkart, Reliance, GitHub, Facilio, ITC, Diageo, Schneider, Aditya Birla Group, and Vedanta.
“Our mission with Atoms is to ensure founders have the best odds at success and can make those mission-critical decisions with insight from the world’s best domain experts. Meetings facilitated via the programme have helped the 3.0 founders onboard new, large customers,” says Barath Shankar Subramanian, Partner, Accel.
Launched in February 2022, Accel says it has held more than 100 learning sessions led by experts from companies like Google, AssemblyAI, and Langchain, mentor connects, and community gatherings across the Atoms cohorts. The 24 Atoms startups from Atoms 1.0 and 2.0 have together raised over $200 million in funding to date.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
NCLT grants no relief to investors, Byju’s to hold EGM on March 29
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
The investor’s counsel has alleged that Byju’s is bypassing laws to hold the EGM for increasing authorised share capital and claims that the investors are unaware of what is happening in the company. All the shareholders have not been served the EGM notice, according to the claims.
A group of investors has sought legal intervention from the National Company Law Tribunal (NCLT), Bengaluru, to stop Byju’s parent company Think & Learn from holding an extraordinary general meeting (EGM) on March 29. The edtech company had proposed an EGM to increase authorised share capital to enable rights issues.
The quasi-judicial tribunal has granted no relief to the investors and will hear the matter on April 4.
The investor’s counsel has alleged that Byju’s is bypassing laws to hold the EGM for increasing authorised share capital and claims that the investors are unaware of what is happening in the company. All the shareholders have not been served the EGM notice, according to the claims. The person sending the notice is said to have admitted that he does not have all the email addresses of all the stakeholders.
Also Read: Meesho set to raise funds from Tiger Global, Softbank; eyes shifting domicile to India: Sources
The council has asserted that the meeting is void if all shareholders do not receive a notice for the EGM.
Byju’s aimed to finish the rights issue within 60 days starting from January 29, but the voting for the Extraordinary General Meeting (EGM) will continue until April 6. The EGM is convened to finalise the Rights Issue. Additionally, Think & Learn plans to amend the Company’s Memorandum of Association through the EGM if the rights issue falls through.
The Think & Learn Counsel, in its defence, said that the meeting is only limited to the increase of authorised share capital. The company has countered the investor’s claims and argued that the EGM notice has been dispatched to all the shareholders and they can participate and vote.
The increase in authorised share capital complies with the court’s directions with respect to the rights issue. The defence has alleged that the investors’ petition objective is to try and ensure the rights issue does not go through. “We said the company needs money, and petitioners (investors) are just trying to stop us from doing so via these petitions,” the Think & Learn Counsel told the court.
“Why can’t the investors just go to the EGM and vote as they please?”, the court observed to which the investors’ counsel said that they missed the chance to talk to other members to discuss the agenda and strategy.
The Think & Learn Counsel argued that those who haven’t received the EGM notice should file a complaint.
Also Read: Nanonets to utilise $29 million Series-B fundraise to enhance AI models
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
March 31 is the deadline to redo mutual fund KYC: Here’s who needs to act and how
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
To determine whether re-KYC is necessary, investors should consult the CVL KRA website or contact mutual fund houses or RTA helplines.
The deadline for mutual fund (MF) investors to redo their KYC (know your customer) verifications will end on March 31, 2024. Registrar and transfer agents (RTAs), CAMS (Computer Age Management Services), and KFin Technologies (KFintech) have issued emails to mutual fund distributors (MFDs), stressing the need for action.
It must be noted that failure to comply by March 31, 2024, will result in restrictions on mutual fund transactions effective April 1.
This includes SIPs (systematic investment plan), SWPs (systematic withdrawal plan), and redemptions.
Who needs to do this?
Investors whose KYC is not based on any of the ‘officially valid documents’ should do this by March 31.
Officially valid documents include an Aadhaar card, passport, and voter ID card.
KYC based on proofs such as bank statements and utility bills will no longer suffice post-deadline.
Additionally, ambiguity persists regarding certain documents like driving licenses for KYC purposes.
While CAMS indicates the need for resubmission, Kfintech lists driving licenses as valid documents.
How to redo mutual fund KYC?
To determine whether re-KYC is necessary, investors should consult the Central Depository Services Limited (CDSL) Ventures Limited – Know Your Customer Registration Agency (CVL KRA) website or contact mutual fund houses or RTA helplines.
However, it’s important to recognise that re-KYC cannot be completed online.
Redoing KYC requires submitting a physical KYC form along with the documents to mutual fund houses or RTAs.
Subsequently, this information is relayed to KYC registration agencies (KRAs), ensuring that the updated KYC details are reflected across all mutual fund investments linked to the investor’s Permanent Account Number (PAN).
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Delhi HC rejects plea against Arvind Kejriwal continuing as CM under ED custody
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
The court held that there was no scope for judicial interference. The court said if there is a breakdown in the constitutional machinery, it is for the Lieutenant Governor or the President to act.
The Delhi High Court on Thursday, March 28, rejected a PIL against Arvind Kejriwal continuing as the chief minister while under custody of the Enforcement Directorate. The court noted that there was no constitutional bar on Kejriwal continuing as the chief minister.
The court held that there was no scope for judicial interference. The court said if there is a breakdown in the constitutional machinery, it is for the Lieutenant Governor or the President to act.
Kejriwal is likely to be produced before a Delhi court today on the conclusion of his ED custodial remand. The federal probe agency had arrested Kejriwal on March 21 in connection with an excise policy-linked money laundering case. The next day, Special Judge Kaveri Baweja remanded him in the ED custody till March 28.
The court remanded Kejriwal in the ED custody for six days after the agency pressed for his custodial interrogation for 10 days.
The case pertains to the alleged corruption and money laundering in formulating and executing the Delhi government’s excise policy for 2021-22 which was later scrapped.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Standard Chartered sees $30 billion of added inflows into Indian bonds
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
India’s bond market will likely see an additional inflow of as much as $30 billion after the nation’s inclusion in a major global index starts in June, according to Standard Chartered Plc. “There will be a large chunk of investors who are new to India that will come in as the index weights start increasing …
Continue reading “Standard Chartered sees $30 billion of added inflows into Indian bonds”
India’s bond market will likely see an additional inflow of as much as $30 billion after the nation’s inclusion in a major global index starts in June, according to Standard Chartered Plc.
“There will be a large chunk of investors who are new to India that will come in as the index weights start increasing from June,” said Parul Mittal Sinha, the bank’s head of India financial markets, in an interview with Bloomberg TV on Thursday. “We expect 25-30 billion dollars of additional inflows to come in and Indian markets are very excited for that.”
Global funds have already added about $10 billion into Indian bonds since JPMorgan Chase & Co.’s September announcement of the nation’s inclusion in its closely followed emerging-market debt index. Sinha’s comments also came as the country’s sovereign notes staged a rally after the government unveiled a smaller-than-expected debt issuance plan for the first half of the fiscal year starting April.
Benchmark 10-year Indian bond yields have fallen 13 basis points to 7.04% so far this year.
Foreign investors are exploring multiple routes for investing in India, said Sinha, with about $4 billion also flowing into rupee-denominated but dollar-settled bonds issued by the sovereign, supranational and agency borrowers.
“We have seen interest in total return swaps, non-deliverable overnight indexed swaps, the derivative instruments giving clients access to India and currency forwards for hedging their exposure,” Sinha added.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Kotak Mahindra Bank acquires 100% stake in Sonata Finance for ₹537 crore
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Kotak Mahindra Bank Share Price | With Thursday’s acquisition, Sonata Finance has become a wholly-owned subsidiary of the lender.
Kotak Mahindra Bank on Thursday, March 28 acquired 100% stake in Sonata Finance Private Limited for a total consideration of around ₹537 crore.
The non-banking finance company and micro finance institution is registered with the RBI.
Sonata operates in 10 states across the country and has 549 branches. Its assets under management are pegged at around ₹2,620 crore as of December 31, 2023, Kotak Mahindra Bank said in a stock exchange filing.
With Thursday’s acquisition, the company has become a wholly-owned subsidiary of the lender.
Kotak Mahindra Bank shares were trading in the green for the second day on March 28, up 0.93% at ₹1,792.15 apiece at 12.55 pm. The stock ha sgained for six out of the last seven trade sessions. It has gained 6.47% in the past month.
Also Read: VIP Industries shares jump over 13% after management stresses on innovation, margin target
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously