Seven ways to Avoid Lifestyle Inflation
What exactly is lifestyle inflation? What are the effects? How can I avoid it? There are a number of ways to consciously tackle the phenomenon.
What exactly is lifestyle inflation? What are the effects? How can I avoid it? There are a number of ways to consciously tackle the phenomenon.
It’s a combination of their novel idea of self-assembling furniture, a cleverly planned store layout, and the famous cafe in every IKEA store, among other business tactics.
From 1st July 2021, it will be mandatory for key employees of Asset Management Companies (AMCs) to get a fifth of their compensation in the form of Mutual Fund units.In a circular issued by the Securities and Exchange Board of India (SEBI) on 28th April 2021, minimum 20% of salary of these personnel will be paid in the form of units of those schemes in which they have oversight.
The Suez Canal, one of the most important waterway routes in the world was blocked for six days in March 2021. A container ship called the ‘Ever Given’ was stuck between March 23rd and 29th, 2021, blocking other vessels from transiting one of the world’s most important waterways.
This incident has highlighted further pressure points in global trade, a year after supply chains were disrupted by the Covid-19 pandemic.
On 16th June, 1911, three companies merged to form a small company known as CTR – Computing Tabulating Recording Company. This company focused on office machinery. This all changed 13 years later. In 1924, Thomas Watson took charge of the company and renamed it International Business Machines. We know it today as one of the biggest companies in the world, IBM.
What do you need to create a successful business from scratch?
A problem, A solution, A drive to succeed & Capital.
If you have the first three and are looking for the fourth, read on
Starting as a small broking unit 33 years ago, today Motilal Oswal Financial Services Ltd (MOFSL) is a well-diversified financial services firm with a diversified client base that includes retail customers (including High Networth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients.
The two people who started this venture are Mr Raamdeo Agrawal and Mr Motilal Oswal. We have previously featured Mr Agrawal in our weekly TFP Profile. Today, we will be focusing on Mr Oswal.
Motilal Oswal has served on the Governing Board of the BSE, Indian Merchant’s Chamber and has also served on various committees of BSE, NSE, SEBI and CDSL. He is the President of the Jain International Trade Organisation (JITO) and has been awarded the Rashtriya Samman Patra by the Government of India for being amongst the highest income tax payers in the country for a period of 5 years.
He counts reading as his most favourite activity, among others such as yoga and meditation.
Read on to know more about the man behind MOFSL, Mr Motilal Oswal himself.
In 2019, Outlook Money made a comment on Yes Bank stating, “If nobody will lend you money, Rana Kapoor certainly will.”
This very feature of his cost him heavily.
What started off as a simple plan – to grow a bank for a few years and then sell off to a foreign bank went terribly sideways.
After former CEO Rana Kapoor was not granted an extension, his replacements have been trying to clean up the mess allegedly created by their predecessor.
To date, the private lender is struggling with loans.
This begs the question – is it a permanent No for Yes Bank?
The United States of America just wrapped up their election for the 46th President of the country. Considering the impact USA has on rest of the world, it is needless to say that this election affects every single country. This year, along with the elections, the world is also going through the COVID-19 pandemic. As a result, the markets are extremely volatile, uncertainty is at an all-time high and losses and gains are abnormal. Historically, how have Indian markets been impacted by the U.S. elections? Let’s find out!