Returns in shares are higher than from mutual funds
Photo: iStock Most great investors are known to have created wealth by investing directly in shares. Their success stories are part of investment folklore. Shares are always referred as the top wealth creating More...
Oil and gas companies don’t want “oil” or “gas” in their names
Oil companies are seeking a cleaner image. (Reuters/Lucy Nicholson) Today, Norwegian oil giant Statoil will officially rebrand as Equinor. Why? “A name with ‘oil’ as a component would increasingly be a disadvantage. More...
Online Bank in Germany Uses Bitcoins to Transfer Loans
German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer More...
Government Collects Rs. 7.41 Lakh Crore From GST In FY18, Says Finance Ministry
New Delhi: The government mobilised Rs. 7.41 lakh crore from the Goods and Services Tax (GST) during 2017-18, according to the finance ministry. The government rolled out the GST regime from July 1 last year. More...
iPhone 8, iPhone 8 Plus (PRODUCT) RED Editions Now Available in India
HIGHLIGHTS (PRODUCT) RED Editions were globally launched earlier this month iPhone 8 (PRODUCT) RED Edition starts at Rs. 67,940 The (PRODUCT) RED Edition of the iPhone 8 Plus starts at Rs. 77,560 Apple’s iPhone More...
RBI Probe In 2016 Found No Proof Of ‘Quid Pro Quo’ In Videocon Loans
The Reserve Bank of India had found no proof of any “quid pro quo” or reciprocal benefits being extended by ICICI Bank to the Videocon group, when it conducted a detailed probe nearly two years ago, according More...
China set for fewer World Bank loans in US fundraising deal
Jim Yong Kim, president of the World Bank Group, reached a deal with Steven Mnuchin, US Treasury secretary © Bloomberg The World Bank is set to change its lending model so that China will receive fewer loans More...
Does investing in sectoral equity mutual funds make sense?
Harsh Jain Sector funds are mutual fund schemes that invest in a specific industry or sector only. This might sound counter-intuitive since mutual funds are preferred for the diversification they offer. However, More...
I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes
The income taxdepartment on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate More...
Snap lays off 100 employees in latest round of downsizing
Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content. The cuts total around 100 workers, according to More...