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.
Many international airlines offer in-flight Wi-Fi, making long journeys more comfortable for passengers. But if you’ve flown within India, you may have noticed that Wi-Fi is absent from most domestic flights. This begs the question: how exactly does Wi-Fi work on aeroplanes, and why isn’t it common in domestic Indian flights? How Does Wi-Fi Work on Planes? There are two main technologies used to provide Wi-Fi on aeroplanes: Air-to-Ground and Satellite Wi-Fi. Both systems work in different ways, but their goal is the same—offering passengers internet access even when thousands of feet in the air. While these technologies are increasingly…
China, a global leader in metal production, particularly in steel and aluminium, is facing economic challenges that have far-reaching effects. Producing over 1 billion tonnes of steel annually, China dominates with more than 50% of the world’s crude steel production. However, with its slowing economy, the steel industry is feeling the impact. This, in turn, is affecting steel prices globally, including in India, where domestic steelmakers are grappling with cheap Chinese steel imports. Economic Woes in China Slow Steel Consumption For years, China’s rapid industrialization, large infrastructure projects, and housing sector growth drove immense demand for steel. However, the country’s…
Leela Palaces, Hotels, and Resorts is gearing up for a historic IPO. The luxury hotel chain has submitted draft papers to SEBI for an initial public offering (IPO) worth ₹5000 crores. Once approved, this will mark the largest IPO in the Indian hotel industry. The funds raised are expected to be used for debt repayment and general corporate purposes, signaling a significant step in the company’s expansion and financial strategy. Leela’s IPO: Key Details The IPO will comprise fresh shares worth ₹3000 crores and an offer for sale (OFS) of ₹2000 crore. The OFS will allow Leela’s promoters, particularly Project…
Elon Musk, the world’s richest man, has found himself in a public disagreement with Indian-American billionaire Vinod Khosla. The argument revolves around public access to a beach in California, but it quickly escalated into a much larger dispute. It all began when Musk accused Khosla of blocking access to the beach, adding fuel to a 16-year-old legal battle between Khosla and the local authorities. How the Dispute Started? Musk took to social media platform ‘X’ (formerly known as Twitter), posting a controversial picture showing a sign that read “No Plebs Allowed” and claimed it was from Khosla’s property. Musk implied…
Tata AIA Life Insurance has rolled out its latest new fund offer (NFO) – the Nifty Alpha 50 Index Fund. The subscription window is open from 23rd September to 30th September 2024. This open-ended fund presents a promising investment opportunity for those looking to earn high returns by investing in top-performing stocks, while also enjoying life insurance coverage through Tata AIA’s Unit Linked Insurance Products (ULIPs). Here’s what makes this NFO an attractive option for investors. Key Highlights of the Tata AIA Nifty Alpha 50 Index Fund NFO This NFO is geared towards long-term capital growth by investing primarily in…
In recent years, the Small and Medium Enterprises (SME) Initial Public Offering (IPO) market has seen a significant boom. However, behind this surge, some investment bankers are exploiting the system by artificially inflating the valuations of SMEs to make illegal earnings. This practice, once limited to regions like Gujarat and Maharashtra, has now expanded across India as stock market activity soars, especially during festive seasons. According to sources close to the matter, investment bankers are approaching small businesses, promising to bring them to the market at much higher valuations than their actual worth. They collaborate with promoters, offering to raise…
Systematic Investment Plans (SIP) are often promoted as a reliable way to build wealth through mutual funds, promising long-term returns. But while many investors have benefited from SIPs in the long run, it is crucial to understand that SIPs do not guarantee profits. Some mutual funds have consistently underperformed, delivering either negative returns or returns lower than Fixed Deposits (FDs). Let’s look at five such funds where SIP investors have faced disappointment over the last 5 and 10 years. 1. Nippon India ETF Hang Seng BeES: A Top Underperformer Launched on 9 March 2010, the Nippon India ETF Hang Seng…
The Securities and Exchange Board of India (SEBI) has recently uncovered concerning practices surrounding the IPO market for small and medium enterprises (SMEs). According to sources, SEBI initiated an investigation earlier this year into the activities of six domestic investment banks. The primary focus of the investigation was to examine the fees charged by these banks for SME IPOs. SEBI’s Findings: Excessive Fees Charged During the investigation, SEBI discovered that some small investment banks charged exorbitant fees for managing IPOs of SMEs. In some cases, these banks took as much as 15% of the total funds raised through the IPOs.…
In a major crackdown on tax fraud, the Indian government has uncovered 10,700 fake companies involved in a Goods and Services Tax (GST) evasion scheme amounting to Rs 10,179 crore. The Central Board of Indirect Taxes and Customs (CBIC) is spearheading the effort to track down fraudulent GST registrations and prevent misuse of the tax system. Aadhaar Verification to Strengthen GST System The CBIC is tightening controls on GST registrations by expanding the use of Aadhaar authentication across several states. Aadhaar verification is already in place in 12 states, and by October 4, four more states will adopt this system,…
The Vivad Se Vishwas Scheme 2024, introduced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman, aims to resolve long-pending tax disputes quickly and with minimal hassle. This scheme is set to come into effect from October 1, 2024, and offers taxpayers a chance to settle their cases by paying reduced penalties and interest. Let’s break down how you can benefit from this scheme, the process involved, and important deadlines to keep in mind. Who Can Apply for Vivad Se Vishwas Scheme 2024? This scheme is designed for taxpayers who have disputed tax cases pending in the Income Tax…