Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
In today’s digital age, online payments have become a common part of daily life in India. More and more people are ditching cash and opting for UPI (Unified Payments Interface) payments for convenience. Whether it’s small vendors or rickshaw drivers, UPI has become the go-to option for most. However, one auto driver in Bengaluru has taken online payments to the next level, and his unique method has not only gone viral on social media but also caught the attention of Railway Minister Ashwini Vaishnav. A Unique UPI Payment Trick That Went Viral Recently, a post about an auto driver in…
In a significant step towards ensuring a stable supply of critical minerals, India has officially joined the Minerals Security Finance Network (MSFN). This US-led initiative was launched to strengthen global cooperation in the supply chain of essential minerals like cobalt, lithium, and rare earth elements, which are crucial for sectors such as electric vehicles (EVs) and high-tech manufacturing. India’s move into this global network comes at a time when reducing reliance on China for these valuable resources has become more critical than ever. Strengthening the Critical Mineral Supply Chain The Minerals Security Finance Network (MSFN) was unveiled by the United…
Alkem Laboratories, one of India’s top pharmaceutical companies, is currently at the center of attention as its promoters are reportedly reducing their stake. This move comes at a crucial time as Alkem is bidding to acquire a controlling interest in JB Chemicals, a company partly owned by private equity firm KKR. The question on everyone’s mind: Is there a connection between the sale of the promoters’ stake and the potential acquisition of JB Chemicals? Stake Sale to Bring in Private Equity Investor Reports suggest that Alkem Labs’ promoters, who currently hold a 56.38% stake in the company, are preparing to…
After expanding across various sectors, Gautam Adani, Chairman of Adani Group, is turning his focus towards aviation and defense. In a recent meeting with Eric Martel, CEO of Canadian aerospace giant Bombardier, discussions were held about a potential collaboration to bolster India’s aviation capabilities. Adani himself shared updates on this on his social media platform X (formerly Twitter). Strategic Focus on Aircraft Maintenance and Defense Services The conversation between Adani and Martel revolved around creating opportunities in aircraft Maintenance, Repair, and Overhaul (MRO) services and defense manufacturing. India has been striving to reduce its dependency on foreign MRO services, and…
Luxury hotel chain Leela is set to make headlines with a significant move in the stock market. The company is preparing to launch an IPO worth Rs 5,000 crore, with the draft already submitted to the Securities and Exchange Board of India (SEBI). But that’s not the only major development. Leela is also diversifying into wildlife and spiritual tourism, tapping into growing demand in these niche travel sectors. Furthermore, it plans to step into the serviced apartment business, reflecting its ambition to expand into new hospitality segments. Details of the IPO and Expansion Plans Leela Hotels, backed by Canadian investment…
Gautam Adani, one of Asia’s wealthiest business tycoons, has faced increasing challenges in his overseas ventures, especially with his projects in Bangladesh and now Sri Lanka. With the recent political shift in Sri Lanka, Adani’s $1 billion wind energy project could be at risk due to environmental concerns and a potential change in government policy. New President, New Challenges for Adani Group Sri Lanka’s new president, Anura Kumara Dissanayake, is a Marxist leader with a strong stance on national sovereignty. During his election campaign, he promised to cancel foreign projects that he deemed a threat to Sri Lanka’s energy independence,…
The recent interest rate cut by the Federal Reserve in the US has raised expectations that India’s Reserve Bank of India (RBI) may follow suit in the coming months. Although the RBI has made it clear that controlling inflation is its priority, a gradual reduction in interest rates is expected in the second half of the financial year. If the RBI lowers rates by 25 basis points twice, the cost of funds for both banks and Non-Banking Financial Companies (NBFCs) will reduce. But, how will this impact the profitability of banks and NBFCs differently, and which sector could be a…
Investing in mutual funds can often outperform the stock market, as evidenced by the outstanding performance of several Axis Mutual Fund schemes. Over the past three years, six equity schemes from Axis Mutual Fund have delivered annualized SIP returns ranging from 30% to 40%, offering investors significant wealth growth in a relatively short period. A simple monthly SIP of ₹10,000 in these funds has grown to over ₹6 lakhs in just 36 months, making them some of the top-performing schemes in the market. Let’s explore these six high-performing Axis Mutual Fund schemes and how they have helped investors multiply their…
Investing in mutual funds, especially mid-cap funds, has proven to be a wealth-generating strategy for investors over the years. Some of these mid-cap funds have multiplied the money of their investors four to five times in the last five years, which is quite impressive. Let’s dive into these 7 top-performing mid-cap funds, but before that, let’s understand what makes mid-cap mutual funds unique. What Are Mid-Cap Funds? Mid-cap mutual funds primarily invest in companies that are medium-sized in terms of market capitalization. As per SEBI regulations, at least 65% of a mid-cap mutual fund’s investment must be in mid-cap stocks.…
Investors looking for long-term wealth creation through mutual funds have found a winner in the Tata Midcap Growth Fund. This fund has transformed the small SIP (Systematic Investment Plan) of Rs 3,000 per month into a massive Rs 3.5 crore over 30 years. Starting with a modest total investment of Rs 10.8 lakh, investors have reaped a net profit of approximately Rs 3.4 crore. The success of this fund shows how long-term investing and compounding can create significant wealth for investors. Impressive Growth of Tata Midcap Growth Fund Over the Years Launched in 1994, Tata Midcap Growth Fund has consistently…