Sachin Bansal ventures into financial services

Sachin Bansal ventures into financial services

Bengaluru: Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS), in what is probably a stepping stone into the broader financial services space for the internet billionaire. Bansal has acquired 94% stake, allowing a majority...
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Financial planning: Why you need to rebalance your investment portfolio

Financial planning: Why you need to rebalance your investment portfolio

During volatile markets, the tolerance band method could be more expensive than periodic rebalancing because you could be buying and selling more frequently and leading to more trading costs The bull run in the stock market that recently ended has...
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LIC posts profit of Rs 26,147.52 crore in financial year 2017-18

LIC posts profit of Rs 26,147.52 crore in financial year 2017-18

State-owned Life Insurance Corporation of India (LIC) has reported a growth of 29 per cent in its net profit at Rs 26,147.52 crore in FY18, said Shiv Pratap Shukla, Union Minister of State for Finance, in Lok Sabha today. Shukla,...
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Family Finance: Why Ryalis will be able to meet their financial goals

Family Finance: Why Ryalis will be able to meet their financial goals

Accumulated savings and increase in equity exposure will help the Ryalis meet their primary goals. B.B. Ryali works in a private firm and gets a salary of Rs 1.08 lakh a month. He stays with his wife, two children aged...
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When Financial Transparency Helps or Hurts Your Business

When Financial Transparency Helps or Hurts Your Business

Financial transparency can be a tricky issue for small businesses. You may be tempted to keep the majority of your financial information on a need-to-know basis among only your top leadership team. But there can be benefits to sharing this...
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8 Financial Choices You’ll Regret in 5 Years

8 Financial Choices You’ll Regret in 5 Years

If your goal is getting ahead financially, the formula for success is simple: Maximize tax-advantaged retirement accounts early, boost your savings with a Roth or traditional individual retirement account, choose investments you feel comfortable with and avoid...
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