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IL&FS failure: Start of NBFC fall in 2018
Understanding IL&FS Infrastructure Leasing & Financial Services (IL&FS) was established in 1997 by three financial institutions, namely Central Bank of India, Housing Development Finance Corporation (HDFC), and Unit Trust of India (UTI), with the objective of granting loans for significant infrastructure projects. As IL&FS is set up as a non deposit taking NBFC. Therefore, it …
Story of Kingfisher Failure [2012]
About vijay mallya Born to Indian entrepreneur Vittal Mallya in 1955, Vijay Vittal Mallya gained fame as “The King of Good Times” or “The playboy of the East.” His father was a well-known figure as the director of United Breweries (UB) Group, a position that Vijay Mallya himself achieved at the young age of 23. …
The Satyam Scam: A Shocking Betrayal of Trust in Corporate India [2008]
About: In 1987, Rama Raju and Ramalinga Raju founded Satyam Computer Services Ltd in Hyderabad. The name Satyam means ‘Truth’ in Sanskrit. The company started with 20 employees offering IT and BPO services to various sectors. Satyam’s initial success led to its listing and IPO in the BSE in 1991, and it soon acquired Deere …
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Understand Mutual Funds and How to Decide which Mutual Fund to invest in
Here we will go through what mutual funds are, different types of mutual funds and what are the things one needs to look at before investing in a Mutual Fund for the long term. What are mutual funds? A mutual fund is a pool of money collected from a number of investors, managed by a …
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New Income Tax Regime vs Old Income Tax Regime FY 2022-23
Comparison of New Income Tax regime vs Old Tax Regime Income Tax Slab: Old Tax Slabs Income Tax Rates New Tax Slabs Income Tax Rates Upto Rs 2.5 Lakh NIL Upto Rs 3 lakh NIL Rs 2.5 – Rs 5 lakh 5% Rs 3 lakh – Rs 6 lakh 5% Rs 5 – Rs 10 …
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FD vs NPS vs NSC vs PPF vs ELSS: comparison and which one is better?
Here we look at 5 different investment schemes one can use for investment and tax saving purpose FD: A fixed deposit plan is a risk-free investment tool that offers investors guaranteed returns. The money you park in an FD is locked in for a given period varying from 5 years to 10 years. FD rates …
FD vs NPS vs NSC vs PPF vs ELSS: comparison and which one is better? Read More »