Adulting isn’t always fun and games, no matter how cool it sounds like a kid. The task of managing finances is one that many of us find challenging. At times, it can seem overwhelming. Due to the ongoing pandemic, the working class suffered the brunt, losing their jobs or receiving lower wages. To add to …
With the introduction of the IBC, all existing insolvency laws have been consolidated into one robust, sophisticated and modern framework. Corporate debtors in distress are encouraged to resolve their financial difficulties and, failing that, to liquidate in a time-bound manner. Insolvency and Bankruptcy Code aims to provide an efficient legal framework to provide quick solutions to …
We see new data breaches coming up in the media reports quite often. Looking at new breaches, these reports, and hacks it is clear that your sensitive financial and personal information isn’t safe, especially when it comes to credit cards. The volume of online transactions is very high since the ‘Digital India’ revolution, therefore so …
A Brief Overview The price of gold has witnessed a surge within a limited time frame as is evident from the fact that gold rates across the globe have consistently hovered near a 3-week high. This scenario was aided by a fall in U.S. Treasury yields. Examining the Scenario Tuesday saw the prices of gold …
From being debt-ridden in 2007 to envisioning a net debt-free company profile by 2023-24, Tata steel has come a long way in the last two decades. The steelmaker struggling with mounting debt of $6 billion from a failed acquisition managed to reduce its total debt by 28% in the first quarter of FY21. What caused …
The Federation of Automobile Dealers Associations’ (FADA) June 2021 report mentions a YoY increase in total vehicle sales by 22.6%. However, this figure is short by 28% compared to the vehicle sales of June 2019. Auto retail sales hike – a closer look While automobile dealerships across the country are still not fully operational due …
According to a report from SaaSBOOMi, India’s SaaS (Software as a Service) firms are about to reach $1 trillion in valuation by 2030. Moreover, they will contribute to nearly half a million job creation in India. SaaSBOOMi, a community of industry founders and project leaders, in collaboration with McKinsey and Company and NASSCOM, has compiled …
S&P Global Ratings have retained India’s sovereign rating to BBB-, but with a stable outlook. The US-based credit rating agency mentions that, even though growth risks are rising, India’s economy and fiscal position will start to recover from the current financial year onwards. S&P forecasts the real GDP growth to rebound to 9.5%. S&P’s affirmation …
India’s foreign exchange reserves have grown to over $610 billion, on the back of foreign direct investments and the inflow of foreign institutional or portfolio investors into the stock markets, which have seen a sustained bull run over the past year. According to the Reserve Bank of India (RBI) data, for the week ended July …
Tata Metaliks reported on Tuesday that it had clocked Rs. 94.72 crores in net profit for the June quarter. It had suffered Rs. 12.36 crores in losses in this period last year. What led to the strong financial gains? According to its financial records, Tata Metaliks income in April – June quarter jumped to Rs. …
