The world’s richest man, Jeff Bezos, just purchased a $165 million mansion—known as the Warner Estate—in Beverly Hills. The Amazon CEO’s latest real estate venture sets a new record for the most amount of money ever paid for a home in California, but for someone whose net worth is $131 billion, the price tag is only a fraction of his e-commerce fortune. … [Read more...] about The 3 most ridiculous things about Jeff Bezos’s new $165 million mansion
Amazon annual fee
Eligibility criteria for opening Demat account with ICICI Regardless of one’s age, a Demat account can be opened with ICICI, which will help you to trade and invest in the stock exchange. You will have to be prepared with your PAN card, ID and address proof and will have to fill out a KYC (Know Your Customer) form. Once the Bank verifies and okays your documents, it will execute the process of opening a demat account, which in the case of ICICI will double up as your trading as well as a bank account. For opening a demat account with ICICI Bank or to invest in stocks market there is no minimum age involved. You don’t have to attain adulthood either. … [Read more...] about ICICI demat account: Its charges, account opening process, etc.
With a population of over 1.3 billion, India will potentially be Disney’s largest market, and the entertainment giant is pulling out all the stops to hit the ground running. However, the service will only arrive to select cities in the country and could expand to more locations in the future. Disney is looking at millennials as its primary target audience in the country. … [Read more...] about Disney Plus launching in India on March 29 through Hotstar
He heard about “buy-now, pay later” schemes for online shopping, from colleagues. These schemes were available for booking holidays, ordering food using mobile apps, etc. Arun decided to opt for such schemes by opening accounts with multiple fintech lenders and avail benefits of credit. By paying with the help of credit facilities, he assumed that there would be some savings in his bank account. So, he was tempted to use the credit provided by these firms. He spent Rs 10,000 in June 2019. Then, in the subsequent months, he started using these schemes more frequently even for small purchases. He was able to repay only a fraction of the debt amount with his monthly income. So, the debt piled on, with penalty, late fees, interest rate on outstanding amount, etc. By December 2019, his total debt was double that of his monthly income. Says Arun, “I tried to take advantage of the free credit available from fintech firms. But, I got into a vicious debt cycle due to habit of … [Read more...] about ‘Buy now, pay later’ schemes: Debt traps that are best avoided
How is it mandatory?As per the Securities and Exchange Board of India (SEBI), the Regulator for the Securities market in India owned by Government of India, to trade in the stock market it is mandatory to hold a Demat account. Demat account works just like your bank account. When shares are purchased money gets deducted and vice versa. The purpose of Demat account is to eliminate the risk of holding physical share certificates. When securities are purchased or sold it immediately gets reflected in the account, which holds shares and securities in an electronic form. NSDL (National Securities Depository Ltd) and CDSL (Central Depository Services Ltd), registered with SEBI, are the two depositories that facilitate the opening of new Demat accounts through a Depository Participant (DP). … [Read more...] about Demat account: Meaning, how to open demat account, facilities and benefits