Finology Blog - Latest Updates & News on Finance and Legal in India

Economy

SBI is Yes Bank’s Savior Again!

Heard of that tale of a Sage and a Scorpion? A sage used to go to a river bank each day to offer his prayers and take a bath. One day, a scorpion bit him while he was entering the river. He felt that painful sting, but at the same time saw that the scorpion was drowning. The sage couldn’t resist seeing a living creature die in front of his eyes. So, he lifted the scorpion in his hand and tried putting it on the shore. But, the scorpion bit him again! Once again the scorpion was drowning and the sage helped it, but scorpion stung again and again.

Economy

Why prices of petrol and diesel increasing in India?

Petrol and diesel costs have risen every day since June 7. In Delhi, the price of petrol increased by 9.12 ₹ per liter between June 7 and June 26, while that of diesel increased by 11.01 ₹ per liter. Different urban communities have seen an increase in value. Why would this be the situation?

Economy

The ‘Desh Ka Namak’!

Salt as a commodity is not considered to be that important. But, you would have heard many times about taking everything 'with a pinch of salt.' This means that whenever someone tells you something, do not believe them completely or exaggerate. Salt is usually unique with its properties. You would have surely read in recipes add 'Salt to taste.' If the salt is less in a dish, it tastes bland while, on the other hand, if it's more, it becomes difficult to eat it. So, the perfect quantity of salt remains subjective.

Investing

What is Claim Settlement Ratio and how it is important?

Life Insurance policies are long term contracts with an insurance company. In exchange for a certain amount of premium payments, the life insurance company would provide a lump-sum amount to beneficiaries on the event of the insured's death. This lump-sum amount is known as a death benefit, and it would help the family of the insured financially during tough times. So, it is essential for the beneficiaries that their claims are paid to them in full and in a timely manner during these tough times.

Economy

Prelude to LIC’s IPO!

We are telling you all this because Life Insurance Corporation of India (LIC) is currently involved in something similar. LIC is refining its portfolio ahead of its IPO that is planned for the next calendar year. Companies with lesser market caps are either being removed from the portfolio or LIC's holding is being reduced. This is based on quarterly reports of India's top insurer. What's exactly going on, read on to find out.

Economy

Why does Gold shine when Economies don't?

As the Coronavirus pandemic has forced the economies around the world to shut down, uncertainty around the world has been rising, and with the rise of fear and uncertainty, there is another thing that has been on the rise, and that is the price of gold. This global health crisis has also thrown the world into a state of financial and economic crisis, and it has always been seen that it is during these times that the prices of gold reach record highs. Be it the economic crisis in 2001, the financial crisis in 2008, or the recent 2020 pandemic; this yellow metal seems to glitter the most when most economies are plunging to their doom.

Investing

Sukanya Samriddhi Yojana 2020

Sukanya Samriddhi Yojana is a legislature maintained by investment funds that conspire as an important aspect of "Beti Bachao, Beti Padhao Yojana" to support the young girl. It may well be opened by the guardians of a young girl under ten years of age. A Sukanya Samriddhi account has 21 years of residence or until the young woman is married after the age of 18. As of April 2020, this plan offers a loan rate of 7.6% exacerbated every year.

Economy

Indian Trains in Private Hands!

If there is one thing that is believed to represent the majority population of our country, that is Indian Railways. You would have surely observed that foreigners who visit India usually travel by trains to get to know this country better. Of course they get a proper rustic feel while traveling by trains. But, after taking this experience, they usually do not appreciate India. Not in a way that they disrespect the country but, it’s clear they do not enjoy their train traveling experience. Let’s delve deeper into this.

Investing

Why Day Trading is not the way to Invest!

When discussing the investment portfolio of Berkshire Hathaway in 1996, Warren Buffet, in a letter to the shareholders, said, "Our portfolio shows little change: We continue to make more money when snoring than when active."

Investing

How to Protect Yourself From Ponzi Scheme?

Many of us must have come across the names of Rose Valley Group and the Saradha Group when reading an article in the newspaper or maybe heard about these organizations while watching television or during a conversation. However, when these names are mentioned, they are usually associated with the words' Ponzi schemes' and 'scam'. We all probably know what scam means, but many of us may not have understood what the word Ponzi scheme means and why these companies are associated with this word. So, the first question that needs to be answered is, what exactly is a Ponzi scheme, and how does it work?

Legal

Rights in Police Custody in the light of Recent Police Brutality Cases

While there was greatuproar on social media recently regarding the George Floyd murder and police brutality on black people in the US, we have seen a considerable silence on the part of the “woke” Indian right wing figurines on the police brutality accounts in India. In the past 2 years, there has been an increase in the cases of police brutality in the prisons as well as outside prisons. In 2018, the number of prisoners who died in prisons across India amounted to 1,845. As alarming as the number of death in India is, the causes registered for these deaths is more alarming. Most of these deaths were registered as deaths due to natural causes and others went unregistered.

Economy

Why Radhakishan Damani invested in India Cements?

India is the second-largest cement manufacturer on the planet. It is not surprising that India's cement industry is an essential part of its economy, providing work for more than a million people, directly or indirectly. Since deregulation in 1982, the Indian cement industry has attracted colossal speculation from India and outside financial experts.

Entrepreneurship

Mukesh Ambani's Debt-Free Story!

Mukesh Ambani, an extremely wealthy person, reported that his oil-to-telecom conglomerate Reliance Industries is currently exempt from net obligations after raising a record Rs 1.69 lakh crore from global financial experts and a rights issue in less than two months.

Economy

Gold Fraud in China!

Ethics, fair practices, and character, these are certain things that China has never maintained it. China has relied on counterfeiting, conservatism, and unfair practices to achieve the superpower status of the world. At this time, China is facing a rant from all across the world (except Pakistan and North Korea) for its role in causing the pandemic but, it looks like China still hasn’t learned its lesson and is still the Dog’s tail. In fact, China is audaciously getting involved in proxy wars and trying to exploit the declining world economy.

Investing

What is Nifty and Sensex in Stock Market?

Many a time we come across headlines like, "Sensex slips 210 pts amid weak global cues; financials drag" Or "Nifty tests 9,300; RIL, HDFC, ICICI Bank top drags" and have often wondered who or what is Nifty and Sensex. Today we shall get a better understanding of what we are referring to when we discuss Nifty and Sensex.

Economy

Hinduja Group owners involved in a dispute

It takes generations and sometimes eternity to build a fortune but, it takes one hard feeling or one wrong step to destroy it. Crisis Management and Conflict Resolution are some characteristics that can prevent the hard-earned wealth from getting wasted. If there is a dispute between partners and they wish to divide the wealth (or basically divide the businesses) in that case wealth would remain the same but the business loses advantages of synergy. Read on to find out why we are telling you all this.

Investing

What happens when stock gets Delisted from Stock Market

This implies that excluded offers will never be exchanged again in the negotiations - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The way to exclude the exclusion of protections for any organization is administered by the Securities and Exchange Board of India (SEBI).

Economy

What's behind the continuous Petrol and Diesel price hike?

If someone asks you, how important is money, what shall be your answer? You may say that it is one of the most important things in the world today, right? Even we agree to this. Money is a necessity and more money means power and with that power you can actually buy happiness and do whatever you want. Now, this is at an individual level. Think about those sitting in the government. To manage the economy they need money and more importantly they need our money! Taxes, cess, tariffs etc.

Investing

Coronavirus Cure: Glenmark and Cipla share hits the Upper Circuit

Heard of one-stroke wonders? This is a term that is usually used in the sport of Cricket to describe batsmen who perform once in a crucial situation and help their team win but can not do anything great after that. Now a days, it has also become a trend to ‘Go Viral’. You would have observed that when something goes viral on social media, people remain crazy about it for a few days or probably weeks but then, forget it. By now you would be wondering, why are we telling you all this?

Investing

List of best books on stock market compiled for you

Investing in the Stock Market was as simple as following the insights of a book, I would have bought myself an entire library. The Internet serves as a means to navigate through the plethora of information. However, those seeking a more significant historical perspective and a more detailed analysis should consider reading classic investment books.

Investing

How one can develop habits of Saving Money?

By knowing the importance of saving money, most people want to save their money, but without a proper plan and good habits, getting diverted and falling short of financial goals is easy. Sometimes the hardest thing about saving money in India is just getting started. When decided it's time to start saving money, people begin searching for the best ways of saving money. Some start looking for a jackpot that leads them directly to wealth and happiness. While others realize it's an excellent time to begin eliminating debt and unnecessary expenses. Thus everyone's journey to success is a bit different, but there is one thing common among all successful people is good saving habits. Like so many things in life, setting money aside as savings is a habit that needs to be developed. If you are having trouble getting into the habit of saving, you can follow a few money saving tips that might help you to build saving habits and achieve your goals.

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