The Social Stock Exchange for Non Profit Organisations requires a minimum funding of Rs 10 lakh and an annual spending on Rs 50 lakhs. Non Profit Organizations (NPOs) will find it difficult to raise funds through the Social Stock Exchange (SSE) due to the lack of ease in investment and minimum subscription limit. Till date, […]
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The platform has become a popular place for Indian gamers to buy and sell weapon skins for thousands of dollars. Steam Marketplace has become an income hub for professional gamers, with some Counter Strike Global Offensive (CSGO) players even selling weapon skins for over $5000 (Rs. 4,00,000) a piece. Prashant Ketaraju, a professional gamer from […]
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Wipro reported a 0.4 percent and a seven percent drop in its net profit on a YoY basis for March ending and for FY23, respectively. IT major Wipro approved the buyback of 26,96,62,921 shares at a face value of rupees two each, subject to the company’s shareholders’ approval. This represents 4.9 percent of the total number […]
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In 2021, 11.4 per cent of the total EPFO members were from Karnataka. The number of new female EPFO members has increased in the month of January, 2023. Out of 2.87 lakh female members, 1.97 lakh females are new joinees. Komal Mistry, an employee at one of the Big Four accounting companies, said, “I have […]
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Price reduction in the Fast Moving Consumer Goods (FMCG) industry is set to boost the prevailing weak retail demand. Consumers of FMCG are set to reap the benefits of the ongoing price war in the industry with the Reliance Industry Limited (RIL) setting shop in the sector. Experts say that with increased competition consumers can […]
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Banks are coming up with separate gold loan branches to woo customers away from NBFCs The Non Banking Financial Companies (NBFC) are facing tough competition from banks in the gold loan segment by offering low interest rates. Commercial Banks have been expanding their gold loan portfolio. Data by BFSI shows that the portfolio saw a […]
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Government bonds with long maturity periods are gaining traction. Investing in Government security (G-Sec) and long-term bonds may yield profit to the investors due to fewer risks despite the recent hikes in repo rate by the Reserve Bank of India (RBI) to curb inflation. Gaurav Khemka, deputy vice president at SBI Funds Management Pvt Ltd […]
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BBMP’s new license rules on the sale of tobacco to be implemented starting May end. Small scale vendors in the city are upset with the new license rules of Bruhat Bengaluru Mahanagara Palike (BBMP) on the sale of tobacco. Ameena, a tobacco products vendor having a small stall outside Matteo Coffee Café said, “I got […]
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While approving credit, experts say that banks can make use of Artificial Intelligence (AI) to analyze and reduce NPAs. Experts warn that there might be an increase in delinquency following the recent approval of credit through United Payments Interface (UPI) by banks. The credit delinquency rate in the Indian market is already higher than in […]
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The launch of two Apple stores in the country has left customers torn between enhanced experience and cost-cutting. The launch of two Apple stores in the country has left customers torn between enhanced experience and cost-cutting. Some customers are willing to trade experience in exchange for paying higher for Apple products, but others still prefer […]
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