The Finance sector is embracing fintech, blockchain, and AI to revolutionize banking, investments, and payments. Stay updated on digital banking, cybersecurity, cryptocurrency, and the evolving regulatory landscape in the financial world.
401ks are tax-advantaged accounts where you can prepay a portion of your salary into long-term investment growth. Depending on the type of account, there is no taxation on dividends, interest or capital gains until you withdraw it in retirement. Most 401k plans provide a selection of investment options. These typically include mutual funds, bonds and
A payday loan can be a helpful solution during financial emergencies, as it allows you to borrow a small amount of money to cover unexpected expenses until your next paycheck arrives. However, it’s important to understand the risks and responsibilities associated with taking out UK payday loans before making the decision to do so. What should
Travel Insurance for Credit Cards What is travel insurance for your credit cards and why do you need it? Travel insurance is insurance for your credit cards when you are traveling outside your home state. This insurance can cover things such as lost or stolen luggage, travel plans that have to be canceled or rescheduled,
Starting and growing a business can be a challenging process. One of the biggest challenges that entrepreneurs face is financing their businesses. To overcome this challenge, many entrepreneurs turn to small business loans. If you are in the UK, you have many options when it comes to securing small business loans. Here are some key steps
A gold IRA is a term for self-directed IRAs holding precious metals. These are not restricted, however, to merely gold, nor are self-directed accounts limited to simply precious metals. Still, a vast investor audience prefers gold to the IRA-eligible alternatives, including palladium, platinum, and silver. Learn investment tips for gold IRAs at https://www.finance-monthly.com/2021/10/invest-in-a-gold-ira-in-5-easy-steps/. A significant portion
You can’t start a new business with just an idea. You must have the money to pay for the startup costs. If it’s your first rodeo, you might be surprised to find out that even the devising of a business plan can cost you money. Aside from the business plan, other expenses you need to
The IPO market in India is witnessing increasing levels of activity. An Initial Public Offering, also known as an IPO, is the procedure of providing company shares to the public. The shares are offered through the new stock issuance for the first time. With an IPO, a company can raise equity capital the public investors.
A small-business tax advisor is usually kept on retainer by an organization, so he/she can offer advice on all financial matters, as well as prepare and eventually file business taxes. If the business should be audited by the IRS, a tax advisor would represent the company during all sessions needed to complete the audit. This
Every investor aims to invest money in the best plan to get maximum returns with minimum risk involved in it. However, the environment for investment is a deciding factor for receiving higher contributions. Also, if you get a chance to choose an investment plan according to your suitability and not out of compulsion, isn’t it
There would be times when your car is damaged or totaled in an accident; here, your insurance company is responsible to pay you the value of the car totaled, or more precisely, it pays you for what you claim the value should be for the auto insurance. You can therefore avail yourself of the vehicle
For years, when we talked about the richest people in India, three prominent figures—Tata, Birla, and Ambani—quickly flashed in our minds. However, in recent few years, a new, strong business tycoon Gautam Adani has been added to the list. From being a college dropout to becoming the second-richest person in India and Asia, Adani’s journey is
The last decade has been revolutionary for payment systems around the world, especially for growth-stage economies like India. Digital payments are swiftly taking over the traditional payment systems and becoming the much preferred payment method across the country. Given the convenience offered by digital payments and their increasing popularity among the masses, India is continuously
India is currently witnessing a wave of ‘women taking charge’. The latest instance of the notion is the latest appointment of the SEBI chairman. On 28 Feb, 2022, the first woman to head the market regulatory watchdog was appointed to the panel and India could not have been more proud. Say hello to the ‘First
Because there are so many aspects to consider when deciding whether or not to buy a stock, it’s easy to ignore certain important ones. The stop-loss order (in further text, SLO) is one of these concerns. When used appropriately, a stop-loss order may have a significant influence. Almost all investors may benefit from the importance
If you live in the United Arab Emirates or plan to move there, it is crucial to understand the local insurance landscape. There are many different types of insurance available in the UAE, and it can be difficult to figure out which policies you need and how to go about getting them. We will provide
The Indian Premiere League (IPL) is one of the most popular sports leagues around the world, ranking fourth in the top 10 richest sports leagues in the world. Started in 2008, the league has grown from a sports tournament to a brand itself, thanks to the multiple revenue streams it has created during this period.
Since the Indian Finance Minister Nirmala Sitharaman announced that the country is set to launch the digital avatar of the Indian rupee in the recently announced Union Budget, there have been many speculations and anticipations around the same. The primary purpose of the digital rupee, i.e. Central Bank Digital Currency (CBDC) is to strengthen the
The financial budget of a country is vital as it decides the direction of its economic growth. In the past few years, we have witnessed fluctuations in almost every economy around the world—courtesy of the COVID, economic downturn due to the recessions, etc. Thus, leading countries in the world are now concentrating on presenting a
A lot of speculation was floating in the market whether to invest in Paytm or not, due to the very high share price which was ₹2150 in the Initial Price offering. The success of Nykaa drove a lot of investors to try to cash in on Paytm being a highly anticipated option. Similarly, Zomato being
Budgeting is an important life skill that everyone should learn. In a previous piece identifying ‘7 Basic Financial Skills That Should Be Taught in School’, however, we mentioned budgeting as something most people don’t learn well or early enough. Indeed, this is one of many issues contributing to low financial literacy in many young adults.
Key Highlights: Mastercard Incorporate (MA) has teamed up with Eureka AI to benefit the Asia specific customers using advanced tech. The tie up will benefit small and medium enterprises. Customers will be served with better services like credit score assessment and identifying loan default risks. Partnership for Assistance MasterCard Inc, a U.S based multinational financial
Key Highlights Chinese stocks fall in the market along with other APAC countries The Omicron fear still holds and bulk foreign investments suffer in the Asian region. Stocks of all companies- big and small dropped down sharply affecting the overall gross margin. Stocks Falling for the Big Giants The reports of omicron cases have caused
Whether you’re new in scaling out your food production or you’re already an established business owner in the food industry, prevention of contamination is regarded with utmost importance. Contamination can pose a risk not only to your workers but also to your consumers who’ll buy your food products. Infection and cross-contamination are factors likely to
Grey market premium is a methodology to compare Initial public offering (IPO), in the grey market. GMP states, how much further, IPO will go on the listing day, with a predicted price. In simple words, grey market premium is calculated on how efficiently company is performing and its demand on the grey market. Suppose if
Green living is more than just a trend or fad that’ll die. It’s a way of life that’s here to stay and it should be practiced by households and businesses alike. The burden to be more efficient with waste is even greater for businesses, given the volume of waste and trash that this sector also
Whether you are a small business firm engaging in export and import or a billion-dollar organization dealing with multiple nations and currencies, you need to understand how foreign exchange transfers work. The needs and requirements of both the above-mentioned businesses will be different. Smaller organizations might be on the lookout for simple, easy and efficient
Key Highlights: Bill to ban private cryptocurrencies The Indian government is still attempting to outlaw most cryptocurrencies through a long-awaited cryptocurrency bill that will be introduced this year during Parliament’s so-called “Winter Session.” The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, proposes to create a framework that would ease the formation of a
Key Highlights: Google has vowed to invest $1 billion in Australian technology research and development over the next five years. The second focus will be on promoting Australian-made technology and talent, which will be accomplished through the establishment of the lab. The country’s attempt to counter China’s rising dominance in key strategic industries will center
Key Highlights: Japan’s prime minister unveiled a record 56 trillion yen ($490 billion) stimulus program to help the economy recover from the effects of the coronavirus outbreak. According to Kishida and other MPs, the proposal involves providing 100,000 yen ($880) in monetary support to people aged 18 and under. Japan has also vowed to increase
On 15 Nov 2021, Hyderabad-based Sigachi Industries marked a historic debut at stock exchanges. According to the stock markets expert, shares of the Hyderabad-based company are expected to make a ‘dream debut’ on Dalaal Street as the public issue worth Rs 125.43 crore may have a ‘fireworks-like listing.’The company’s share got listed at Rs 575
Key Highlights: SoftBank Group Corp. posted a loss for the July-September quarter, weighed down by losses on its Chinese assets. According to Masayoshi Son, CEO of SoftBank, the Vision Fund suffered a 1 trillion yen ($9 billion) loss in the July-September quarter. He cited a dramatic decline in the share price of Chinese e-commerce behemoth
Technology has revolutionized the business to the extent that virtual events have become a crucial part of the corporate world. Numerous companies leverage the benefits of virtual events to improve their productivity and corporate communication. As many companies still struggle to crack the code of a successful virtual event, an event planner book can be
The Indonesian rupiah may be Asia’s best-performing currency for the remainder of the year. The rupiah increased 1.3% in the third quarter, despite Asian competitors weakening due to higher Treasury rates. Despite all of the bullish momentum, the rupiah was unable to break over a technical resistance level of 14,200 versus the US dollar last
Key Highlights: Singapore Parliament has passed a law that allows authorities to block internet content that they deem “hostile” FICA aims to reduce foreign interference in domestic politics by using hostile information campaigns and local proxies. The law also allows the government to request that platforms like Facebook and Twitter delete or limit functionalities that
Key Highlights: The Government of India has signed an agreement with various MNCs to provide access of farm statistics. This program has been implemented for the Agritech industry to boost rural incomes, cut imports, and reduce food wastages. Farmers, however, are reluctant to support the program due to fear of exploitation by companies and government.
When it comes to upgrading your investment portfolio, there are countless assets you can take into consideration. But among the different assets, you should never forget to add silver since it offers a good return on investment. Unlike other asset classes, you’ll notice that silver isn’t overvalued yet. Also, silver is a promising investment that
Every adult that is struggling with taxes or other financial knowledge today has one major question- “Why wasn’t I taught these things in schools?”. (Instead, we were taught why Mitochondria is the powerhouse of the cell). Imagine how so many of us would not be facing issues if only we would have been taught basic
Key Highlights: The Reserve Bank of India may launch its first digital currency pilot programs by December. The central bank is also considering whether to use a centralized ledger for digital money. Central banks have increased their research into digital currencies over the last year. First digital currency pilot According to central bank governor Shaktikanta
Key Highlights: CoinDCX becomes India’s first cryptocurrency unicorn after raising 6.70 billion rupees in funding from investors. The investment comes as officials in India continue to dispute the status of digital currencies. In the next months, the business intends to launch more goods, including those aimed at rich customers. First Crypto Unicorn The crypto exchange
Key Highlights: Greenhouse gases emitted from New Zealand’s dairy industry are at record highs. Between 1990 and 2018, its emissions grew by 57%. The industry expects that new scientific advances will help to minimize methane emissions in the future. Record Emissions According to the latest data, greenhouse gases emitted from New Zealand’s dairy industry are
Key Highlights: • Zomato IPO was oversubscribed on the second day of the IPO. • Statistics reveal that the offer attracted bids for 75.60 crore equity shares against an IPO size of 71.92 crores. • It is expected to outperform Indian Railway Finance Corp’s IPO in January. Influx of Applications On the first day of
One of the most common reasons for a business becoming stagnant is the lack of capital. Starting a business, developing a loyal customer base is not enough for any business. For maintaining and expanding your business, having liquid capital is a must. In most cases, small business owners have to deplete all their personal savings
Key Highlights In January-March, Japan’s GDP fell by 3.9 percent on an annualized basis. Core consumer prices are set to rise 0.2% this fiscal year. The economy might experience a rapid spending comeback if the healthcare issue resolves. Avoiding Recession The Japanese economy most likely increased and avoided recession this quarter, but an extension of
Key Highlights The unemployment rate in Australia has dropped. Despite the fact JobKeeper’s wage subsidy has ended, over 30,000 workers have lost their jobs. Unemployment reduces a family’s disposable income, erodes purchasing power, lowers employee morale, and reduces economic output. In February 2021, the unemployment rate in the OECD area dropped to 6.7% from 6.8%
Key Highlight Gross domestic product highlights the health of the economies. Philippines GDP is affected by the In 2021, GDP is forecast to grow by 6% to 7% 2021. It is down from a previous estimate of 6.5 percent to 7.5 percent. The IMF highlighted that the ASEAN-5 (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) rose
Imagine you just received your salary or your pocket money. What’s next? You either end up spending all of it or you look for the best investments to proliferate it. It’s not uncommon. Only a handful of people spend their money wisely or invest it potentially. Managing money and keeping accounts is indeed tough since
Key Highlights Micro-finance companies will not create heavy NPA in the second wave of COVID-19. According to an Acuite report of the MFI industry, has had an impact on the sector’s profitability. A few MFIs are predicted to lose money in FY21. RBI helping the MFI to overcome the situation. What are Microfinance companies? Microfinance
Key Highlights: Tesla announced suspension of purchases via Bitcoin due to climate change concerns Musk’s tweet resulted in a wipe of about $365.85 billion off the entire crypto market Musk clarified those transactions might be resumed “as soon as mining transitions to more sustainable energy” Investment in Crypto Using Sustainable Energy Major organizations and companies
Key highlights: – Chinese government slowly transitioning towards financing sustainable projects – President Xi Ping promises to achieve carbon neutrality by 2060 – Other finance enterprises also invest in green financing China Aims to Achieve Carbon Neutrality by 2060 Climate change has become a serious global concern. Major enterprises and organizations are opting for more
Key Highlights – The top four global economies are now the United States, China, Japan, and Germany. – International Monetary Fund’s economic predictions, some countries rankings have changed. – India is behind the UK. COVID-19 Reshaped the Economic Situation The Covid-19 pandemic has upended the world’s economic rankings, throwing multiple nations through their worst economic
Key Highlights: INR becomes Asia’s best to worst-performing currency in April 2021. A further slowdown is expected due to pandemic-induced lockdowns. India becomes 2nd worst-hit country by COVID-19 INR performed better than other Asian currencies in the first quarter of 2021. India was among one of the best-performing economies in Asia at the beginning of
Key highlights: The Reserve Bank of India (RBI) announced that fintech companies process RTGS NEFT transactions. New interoperability standards and cash withdrawal capabilities for digital payment wallets. The new step by RBI will reduce settlement risk. RBI new announcement Paytm, Visa, Mastercard, and PhonePe will soon start the RTGS and NEFT transaction. News norms on interoperability
The business face of Nykaa: Falguni Nayar Nykaa is one of the most popular and lovable brands for beauty, wellness and fashion cosmetics founded by Falguni Nayar. However, this brand was challenged with the outbreak of 2020, similar to other businesses across the world. The constant rise in the COVID-19 cases resulted in nationwide lockdown
As a result of favorable regulatory changes, increasing push toward market liberalization, and enhanced digital penetration by consumers, digital banking has been gaining ground in the APAC region over the past few years. Recently, an Australia-based financial services company Westpac partnered with SocietyOne—a leading marketplace lender in Australia—as the second partner to join its new
The Union Finance Minister Nirmala Sitharaman will be presenting the budget for the financial year 2021-2022 at 11 am on 1st February. Union Budget 2021 will be Finance Minister’s 3rd budget under the National Democratic Alliance (NDA) government led by Prime Minister Narendra Modi. India is one of those countries that are having a major
The impact of the COVID-19 pandemic was devastating for economies around the world. Generally known as developing economies, the Asian countries also suffered through severe challenges during the crisis. While giant Asian economies such as India, Japan, and South Korea saw a major decline in their growth rate, a small economy like Vietnam has outperformed
In an announcement made by Aberdeen Standard Investments (ASI), Rene Buehlmann has been chosen as the new Chief to lead the Asian Pacific region. The former Chief Hugh Young had a vital role in building a solid foundation for the APAC region & will continue his journey within the Asian Pacific region as he has
[24]7.ai is a customer engagement solutions provider that has thrown a basket of opportunities to aspiring employees. It has undertaken this crucial operation amidst the crisis situation rendered by the COVID-19 pandemic. A Helping Hand for the Economy The customer solutions provider has revved up the hiring process to reach a workforce figure of 6000
The Biggest Annual Gain According to the Bloomberg Billionaires Index, the 500 World’s Richest People $1.8 trillion combined to their net worth this year and are now worth $7.8 trillion. Equivalent to a 31 percent increase, it is the biggest annual gain in the eight-year history of the index and a $3 trillion jump from
Shares of Airbnb Inc. have doubled up in their stock market as valuing the home rental firm at just over $100 billion in the biggest U.S. initial public offering (IPO) of 2020. They also capped a plentiful year during which the investors flocked to tech stocks. On the NASDAQ, Airbnb opened up at $146 far
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