A credit card comes with lots of benefits, In India, there are many banks that provide credit cards to individuals and businesses depending on various factors as given in the guidelines of RBI. If you shop frequently, then there are various reasons why you should own a credit card.

By using the credit card, you can avoid standing up in the queues to withdraw the cash and you can avoid waiting for the balance cash change in a grocery shop in cash.

You will see many stores/shops etc have started taking payment through credit cards, even many small Kirana stores…


The Indian educational technology major Byju’s has been valued at $16.5 billion in the funding round, making it India’s most valuable startup by surpassing fintech firm Paytm’s $16 billion valuations.

Ed-tech major Byju’s has raised about $350 million in its current funding round from UBS Group, private equity giant Blackstone, Abu Dhabi’s ADQ, Zoom founder Eric Yuans and Phoenix Rising — Beacon Holdings.

The fundraising is part of the $1.5 billion the company started raising in April, the company raised $1 billion in April from investors. The startup was valued at $11 billion late last year, and $5.75 …


India’s second-largest Information technology (IT) firm Infosys said it plans to hire 12,000 American workers over the next two years, taking its hiring commitment in the country to 25,000 over five years.

In 2017, Infosys committed to hiring 10,000 American workers over two years and has exceeded that goal by creating 13,000 jobs in the US to date. Through this expanded commitment, Infosys will hire an additional 12,000 workers by 2022 across a variety of roles.

The company will target experienced technology professionals as well as recent graduates from major universities and colleges to create a strong workforce.

“Infosys has…


Australian Financial Review (AFR) reported that Accenture, which has over 5 lakh employees worldwide is to cut at least 5% of its low-performing workforce and thousands of Indians are set to lose jobs owing to the sluggish business the company is witnessing during the COVID-19 pandemic.

Accenture told IANS that at this time, the company is not planning extraordinary global workforce actions. A report in the Australian Financial Review (AFR) first reported this, citing an internal staff meeting by Accenture CEO Julie Sweet in mid-August.

“Every year, as part of our performance process, we have conversations with our people about…


Reliance Industries said on Saturday that it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Future Group in a deal valued at $3.38 billion (Rs 24,713 cr), including debt. Future group’s brands include Big Bazaar, Easyday, Nilgiris, Central, and Brand Factory.

While the widely anticipated acquisition means exit of Kishore Biyani, the founder of Future group from the industry after close to 30 years, it will consolidate Ambani’s position in the Indian retail industry which is witnessing huge investments by multinational players in the e-commerce segment such as Amazon and Walmart.

The…


ICICI Lombard General Insurance, India’s largest private non-life insurer, will acquire Bharti AXA General Insurance and merge the insurance assets of the two companies.

ICICI Lombard General Insurance Co. Ltd. And Bharti AXA General Insurance Co. Ltd., on Saturday, announced that they will combine their insurance businesses through a share swap deal, which once completed will create India’s third-largest general insurance entity.

Based on the share exchange ratio recommended by independent Valuers, shareholders of Bharti AXA will receive two shares of ICICI Lombard for every 115 shares of Bharti AXA.

At present, promoter ICICI Bank Ltd holds is 51.89% stake…


Title sponsorship for the IPL 2020 season went up for grabs after Chinese mobile phone makers VIVO’s Rs 440 Cr contract was ‘mutually’ suspended in wake of Anti-Chinese sentiment.

It is not clear if a Tata Sons or Jio will match the money — about Rs 440 crores — Vivo paid BCCI every season. But sources in the know of things say the title sponsorship can easily touch Rs 300 crores or more.

Till early last week, BCCI was looking at a revenue of Rs 250 crores from the IPL title sponsorship but suddenly the equations have changed after Tatas…


Today on 13th August 2020, Prime Minister Shri Narendra Modi launched the platform for “Transparent Taxation — Honoring the Honest”.

PM Modi said, “The new platform launched has major reforms like Faceless Assessment, Faceless Appeal and Taxpayers Charter. Faceless Assessment and Taxpayers Charter have come into force from today.”

“The facility of faceless appeal will be available for citizens across the country from 25th September. Today, as the tax system is becoming faceless, it is giving confidence to the taxpayer of fairness and fearlessness.” PM added.


B9 Beverages of India, the maker of popular craft beer Bira, is in talks with foreign brewers and investors to sell a stake of up to 20 percent in the company, its CEO said on Tuesday.

“We’ve been looking for a combination: (an) international beer company as a strategic investor and a separate financial partner,” CEO Ankur Jain said in a phone interview, adding that the company was in the “intermediate stage” of raising funds.

“We’ve been talking to beer companies that are not competitive in India or have minimal operations in India”. Ankur added.

Jain declined to name the…


Chief Executive Officer of Saudi Aramco, Amin Nasser said that the company is still working on the deal to invest in Reliance Industries.

Saudi Aramco’s CEO also said that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns.

“Look at China, their gasoline and diesel demand is almost at pre-COVID 19 levels. We are seeing that Asia is picking up and other markets (too),” he told reporters on a conference call after Aramco reported results. “As countries ease the lockdown, we expect the demand to increase,” Nasser said.

In the first-ever…

Akshya khandelwal

I provide financial information and tips on Loans, credit cards, & investment decisions.

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