Reliance acquires Urban Ladder for Rs.182 CR | Addition to RIL’s Retail Arm

RIL

Urban Ladder is now the most recent acquisition by Reliance Industries Limited or RIL. Reliance via Reliance Retail Ventures Limited (which is its wholly-owned subsidiary) took over 96% shareholding in Urban Ladder trying to enter the furniture market. RRVL can in future secure the remaining 4% stake in Urban Ladder, according to documentation submitted by … Read more

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NASDAQ, S&P falls 20 days straight | Bulls nowhere to be seen | Is this early signs of recession?

NASDAQ S&P

The world indices are in a race of “WHO CAN FALL BETTER” and it seems like NASDAQ and S&P are giving tough competition to all others. The American indices, especially the NASDAQ and S&P have been falling consistently from the past 20 days. The biggest fall was on the 23rd of Sep 2020 when they … Read more

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HSBC Ponzi Scheme Scandal | Exposed for $80M | America, World Markets crash 2-4%

hsbc scandal

21st September 2020, while the majority of the world was sleeping, whistles were blown against the HSBC group, exposing them for indulging and running a Ponzi scheme/scandal considered to be involving around $80M. Following the spread of the news, the London-based bank share price saw a 51% plunge. This was the lowest price ever recorded … Read more

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Why is India-China war a potential threat to the world? Can it spark World War 3?

India China conflict

On 26th November 1996, India and China signed an agreement stating understandings to avoid any escalations along the Line of Actual Control (LAC, shared by India and China). The agreement states “Not using force against the other in any form what so ever“. Clearly, just like the majority of inter-country agreements, this one also seems … Read more

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IPO coming up in 2020 | Why IPOs are worth investing | Upcoming IPO/FPO in India

IPO coming up in 2020

Listing the different IPO coming up in 2020 is easy, but what makes IPO so special, especially after the COVID-19 situation all around the world is the million-dollar question. Initial Public Offerings (IPO) and Follow On Public Offerings have been recently raining cats and dogs in all the markets around the world in 2020. Let … Read more

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How to be financially independent in 2020? Building-up your financial backbone

How to be financially independent in 2020

Becoming financially independent has always been an ever going conversation. Easier said than done, to become financially independent takes a lot of time, sleepless nights and consistency. With the recent COVID situations, almost everyone has realized that relying on a single stream of work and a single stream of income is probably the worst that … Read more

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Invest in Gold or search for better alternatives? Is it still worth it investing in gold post COVID?

Invest in gold

“Invest in gold” is a stereotypical reply you must have heard from almost everyone you went for taking investment advice. There is a reason why almost every other celebrity, especially these new-age singers and rappers wear humongous gold chains, pendants and rings. But is it still worth it to carry all this weight onto you? … Read more

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