Aditya Birla Sun Life AMC MD & CEO A Balasubramanian A. Balasubramanian, the managing director and chief executive officer of Aditya Birla Sun Life Mutual Fund, weighed in on remarks by a Mercedes-Benz India executive’s comments on Systematic Investment Plans (SIPs). Santosh Iyer, the current Mercedes-Benz India chief executive officer Santosh Iyer, had said in published remarks before taking the helm that SIPs posed competition to the luxury car maker. “In fact, he has made people realize two things. One, you can buy a Mercedes car by investing in an SIP, and in a way, he has promoted SIP as a concept,” Balasubramanian said. Edited excerpts: Your alternative career choice, if not the CEO of an AMC like this? Don’t tell me it’s that of a stock picker or for that matter a portfolio manager, which you have already been, but something else. Read More I can get into agriculture, farming. An inspirational quote that you keep in mind while managing … [Read more...] about Mercedes-Benz India has done a great job in promoting mutual fund SIPs: A. Balasubramanian
Teacher gets 8 years skyline
Gaurav Kapoor, a New Delhi-based stand-up comedian, has over a million subscribers on YouTube. His channel is full of daily vlogs and occasional stand-up videos. Kapoor is usually the one cracking one-liners. But when it comes to promoting Mamaearth’s products, he becomes the butt of jokes. Kapoor and other influencers have promoted Mamaearth products extensively since the company was incorporated in 2016. For the average YouTube viewer, the sheer number of ads of the then-fledgling brand would easily have got on one’s nerves. Mamaearth is the flagship brand of Honasa Consumer, a beauty and personal care company that plans to come out with an initial public offering. The company filed its draft IPO papers on December 30. Also Read: Mamaearth parent files IPO papers; Sofina, Stellaris, Kunal Bahl, Shilpa Shetty to sell stake Read More The amount spent on advertising and influencer marketing stands out in the company’s draft red herring prospectus. As of … [Read more...] about P/E of 1,000? Investors cautious over huge valuation of Mamaearth IPO
Air India reviewed its inflight alcohol service policy on January 24 and made some adjustments after embarrassing onboard incidents that triggered fines and public anger. As part of the review, the airline said it will adopt the US National Restaurant Association’s traffic light system to tactfully refuse alcohol to passengers if they seem to be at risk of behaving inappropriately. What is the National Restaurant Association’s traffic light system? The National Restaurant Association’s traffic light system asks servers to determine whether a customer needs to be cut off from being served liquor. The system categorises passengers into green, yellow or red stages based on their behaviour, body language, facial cues, and ability to comprehend instructions. Read More COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to … [Read more...] about MC Explains | Air India’s new system to identify drunk passengers
Fixed deposits (FDs) have invariably been a popular instrument for investors to diversify their portfolios. It is a low-risk investment option as the FD rates remain immune to market fluctuations till the deposit matures. With the surge in, the repo rate (a cumulative increase of 225 bps since August 2018), Bajaj Finance has also adjusted its fixed deposit (FD) interest rates once again by up to 40 bps. Risk-averse investors can now secure a maximum interest rate of 8.10% p.a. on their deposits, and thereby diversify their investment portfolio and earn a higher return simultaneously. A comparison of old and new interest rates for cumulative FD for is given below: Customers below 60 years of age Senior citizens Period (months) Old Interest Rates Revised Interest Rates Old Interest Rates Revised Interest Rates 12 - 23 months 7.05% p.a. 7.15% p.a. 7.30% p.a. 7.40% p.a. 15 months 7.20% p.a. 7.30% p.a. 7.45% p.a. 7.55% p.a. … [Read more...] about Bajaj Finance revises Fixed Deposit rates to up to 8.10% p.a.: Invest online
Ritesh Agarwal is set to tie the knot in March Ritesh Agarwal, founder and CEO of hospitality chain OYO, is all set to get married. The 29-year-old entrepreneur will tie the knot in March this year. Ritesh Agarwal’s wedding will be followed by a reception at a 5-star hotel in the national capital Delhi. Agarwal was born to a Marwari family in Odisha and moved to Delhi in 2011 for college. He dropped out of college after two years and was accepted into the Thiel Fellowship program. As one of the winners of the Fellowship, he received a grant of $100,000 which was used to launch OYO in May 2013. In 2019, he had joked that his mother was worried about his matrimonial prospects, given that he did not have a college degree. “My mom is surely worried that the fact that I don’t have a college degree will impact my chances of finding a bride,” Agarwal had jokingly said during an interview with the Financial Times. … [Read more...] about Wedding bells for OYO founder Ritesh Agarwal
Everyone has the perpetual desire to earn and save money and has the expectancy to grow their money multifold. It’s a perennial search for options and one can equate the financial market to the ocean. The German linguist Heinrich Zimmer once described the ocean as “limitless and immortal, the beginning and end of all the things on earth”. Equivalently the financial market has never been run short of investment options or investment possibilities. Hence, the plethora of options for making money grows for future purposes, and people are caught in the middle of what options might be the better choice to get a Fixed return for a shorter or longer duration. As the ocean has the biggest fish, the finance market has the FD (Fixed Deposit) which has been predominantly trusted by investors. There are other better yield instrument options available, yet those instruments lack adequate trust among investors. Lately, equity, mutual funds, PPF, crypto, and Government bonds have become the … [Read more...] about Why are NCD IPOs important to invest in?