Has your bank ever sent you an SMS for not maintaining the minimum balance? If yes, then your bank is doing the right thing. But, a few banks recently debited their customer’s accounts without informing them about the minimum balance threshold. This is against the rule. When RBI learnt about this, do you know what …
RBI’s Action on Banks For Levying Penalty Without Informing Customers Read More »
The Reserve Bank of India is set to bring its card-on-file tokenisation norms into effect from October 1, 2022. Let’s find out how card tokenisation will work and how you can take advantage of the norm. Let’s begin. What’s Happening? Since the craze of online shopping began, the demand for credit and debit card payment …
Credit and Debit Card Tokenisation: How Will it Work in India? Read More »
Tata Steel recently announced its plan to merge seven of its subsidiaries with itself. Read to know more about what’s brewing within India’s one of the largest conglomerates! Sneaking Inside the Tata Group! Tata Group has 29 listed companies, nearly five dozen unlisted companies, and hundreds of subsidiaries across 10 sectors. The group has a …
The buzz of moonlighting has awakened the entire IT industry! A few people claim that moonlighting is cheating on your employer. Is this even true? Is moonlighting legal in India? Let’s find out. What’s Happening? Moonlighting! The term has entirely taken over the internet after Rishad Premji, Wipro’s executive chairman, termed it as cheating by employees. …
Chup Chup Ke 🤫 – Moonlighting! Is it Legal in India? Read More »
Recently the government approved an additional Rs 19,500 crore Production-Linked Incentive (PLI) Scheme for the solar industry. Read to know about the solar industry’s current state and the PLI scheme’s benefits! What’s Happening? There are four stages in solar module making – polysilicon, wafers, cells and modules. The existing production capacities of 15 GW have …
Everything About Cabinet Approved Solar PLI Scheme! Read More »
This month, we have all focused on the basics of emergency funds. So let’s end the month on the same note. So here are five rules of emergency fund that you should know! Work Towards a Goal To create an emergency fund, you need to work towards a goal. And that goal is to create …
We all have heard companies announcing a stock split, splitting their share into small pieces to make the share more accessible for investors to purchase. But did you know there is a reverse stock split as well? Reverse splits are not popular as a stock split, but it is an important corporate action you should …
What is Reverse Stock Split, and How Does it Impact Your Portfolio? Read More »
In August 2022, India’s trade deficit reached an alarming $27.98 billion! More than double what it was a year back. Apart from this, India’s forex reserves have also taken a hit. It has declined below $561 billion as of August 26, 2022. How will this impact the Indian economy? Let’s find out. What’s Happening? August …
India’s Trade Deficit Doubles to $27.98 Billion! Read More »
Recently, Bharat Electronics Limited (BEL) issued bonus shares. This is indeed happy news for shareholders. But hold your horses because not everyone will get a bonus share! The ones who are eligible will only be offered a bonus share. What is Bonus Share? Bonus shares are the additional shares you get if you are already …
NLEM, or the National List of Essential Medicines, was updated by the government last week. It included 34 new drugs and excluded 26 existing drugs from the list. But how does this affect the Pharma Industry? Let’s find out! What is the National List of Essential Medicines (NLEM)? The National Pharmaceuticals Pricing Authority (NPPA) is …
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