“AXA runs a global monitoring service which searches for sites taking advantage of the AXA brand, however in some instances these websites slip through the net,” said an AXA spokeswoman on Tuesday. “From our initial investigations, it seems this website may be fraudulent. The issue has been escalated to AXA Group Security.” … [Read more...] about Axe for fake AXA website – but what about all the other scam investment sites flooding the internet?
May 26 marks the anniversary of the first ever factory strike in the United States, in 1824, at the Slater Mill in Rhode Island. Why should we in 21st Century India bother about a strike that took place long, long ago, in a place far, far away? Because, parts of the country are trying to replicate the very conditions that brought about the strike at Slater Mills. The mill owner decided to extend the working day without any additional pay and cut wages in the weaving department, worked entirely by women, by 25%, on the ground that they had been, out of mistaken generosity, paying them wages that were extravagant for young women. The strike began with 124 young women turning out, as striking work used to be called back then in the US. The Slater Mill management, truth to tell, had it better than what the government of Uttar Pradesh, Madhya Pradesh and Gujarat had proposed for its employers. Slater could employ children aged at least eight, and make them work 12-hour shifts, the ideal … [Read more...] about View: Will labour reform drive away investment?
By Ashish Modani When it comes to anything auspicious, many of us say “Shree Ganesh karte hai.” When we buy a new house, we start with Ganeshji; when kids get married, we start with Ganesh Vandana. But is buying a home just an event? Is getting our kids married is all about a two-day wedding. Well, we start thinking of our house much earlier in our life, maybe as soon as we start earning. We start planning for kid’s bright future much earlier. And all this preparation is all about money management. In the end, the dream has a price tag. How about starting preparation of those auspicious days during the most auspicious days of the year - Ganesh Chaturthi has just gone and India is celebrating the week-long festival. Now Ganesh ji is also offering us blessing as far as investments are concerned. Equity markets are low and probably you will not get a better time than this to start investing in equity mutual funds. Most investors think of starting investing only when … [Read more...] about Start your investment journey this Ganpati festival
By Raveendra Balivada Before we start this article, let’s do a bit of time travel (Avenger Endgame style)! On January 1, 2020, even though the economy was not at its best, it was still doing good. People were going to offices, businesses were being run as usual, and in fact, everything was going on as normal as they could. But come March-April, 2020, Dolphins and various other wild animals started paying us a visit (at places where you would have never imagined them) and of course, the lockdown happened. In the past couple of months, the bears have wreaked havoc in equity and debt markets! From a January 14 peak (17,349, Nifty50 - TRI), the indices fell to its lowest on March 23 (10,710, Nifty 50 - TRI), an unprecedented fall of almost ~38 per cent. TRI prices in dividend on the index into the price level. This brutal and swift correction left everybody with a common question in mind” should he/she keep on investing in the market? We did some number crunching on past … [Read more...] about Should you keep on investing in an uncertain market? Read this
Shares of Bajaj Holdings & Investment Ltd. slipped 0.19 per cent to Rs 1991.0 in Tuesday's trade as of 01:18PM (IST). The stockhit a high price of Rs 2000.0 and low of Rs 1971.6 during the session. The return on equity (ROE) for the stock stood at 11.31 per cent. Traded volume on the counter stood at 01:18PM shares and turnover at Rs 0.05 crore around that time. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high and 52-week low prices of Rs 3949.35 and Rs 1471.85, respectively. The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.71. Promotor/FII Holding Promoters held 49.91 per cent stake in the company as of 31-Mar-2020, while FIIs held 15.66 per cent and domestic institutional investors had 1.05 per cent. Key Financials The company reported consolidated sales of Rs 110.46 crore for the quarter ended 31-Mar-2020, up 27.17 per cent from previous quarter's Rs 86.86 crore and up 33.05 per cent … [Read more...] about Share price of Bajaj Holdings & Investment Ltd. falls as Nifty strengthens