Indian Audit Firm can break the Big Four
Economy

Indian Audit Firm can break the Big Four's oligopoly

The Big Four Oligopoly in India An oligopoly is just like a monopoly. Just that instead of a single organization controlling the market, it is a nexus of more than one company.  One such oligopoly is the ‘Big Four’. Deloitte, KPMG, Ernst & Young, and PricewaterhouseCoopers- together form the world’s largest professional accounting and consulting network, popularly known as the Big Four. This oligopoly has indirectly controlled an entire process of firm auditing. However, the time seems to come to move towards ending this oligopoly. 

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How can Indian mobile companies overtake Chinese smartphone brands?
Economy

How can Indian mobile companies overtake Chinese smartphone brands?

The latest statistics reveal that India stands as the second-largest mobile market, a notch ahead of the US with over 400 million smartphone users. While our neighbor China stands as the leader in terms of the number of users. These statistics are enough to give us an estimate of what a huge market India poses to all Mobile phone manufacturers. It is with this background that we have seen the influx of global brands making a mark in the Indian market. The Chinese smartphone brands were quick to infuse the Indian market with their smartphone brands like Huawei, Xiaomi, Vivo, Oppo, Realme, Oneplus.

Continue Reading about 2 days ago
Important Keys for Retirement Planning
Investing

Important Keys for Retirement Planning

Whenever I put forward the question as to how planned their retirement is, people hardly come up with an answer. Even those who choose to answer, are not sure whether their petty savings will suffice their ever-expanding needs. A major lot of people in India, who are currently part of the work-force, are highly optimistic that their children will take care of them financially. So planning for their retirement becomes the least of their concerns. But the latest study has come up with a startling fact. It states that only 3 out of every 10 individuals are capable of supporting their old age parents.

Continue Reading about 3 days ago
The forthcoming of future group?
Investing

The forthcoming of future group?

It was around 2005 that many non-metro cities of India started witnessing the sky-high shopping malls erecting. These places began a new era of the Indian consumption journey. While most people in these cities would crib about the high price the brands would ask, one sector people were most happy with was the retail. Big Bazaar, Central, Brand Factory, Pantaloons, and Indigo Nation are some names that are known to everyone. All these names were once under the conglomerate of the ‘Future Group’. Future Consumer Enterprises Limited, owned by this Future Group, once claimed to shape India’s consumption journey, is now struggling to shape its future.

Continue Reading about 3 days ago
Can RBI save the Economy?
Economy

Can RBI save the Economy?

RBI has announced a relief packageWhat does it mean for the economy? You might have read a story in your childhood about 2 trees which faced a thunderstorm at the same time. One of them which had a nice built, stayed upright in pride while the other one was a bit flexible and started bending with the wind. The proud tree which was upright looked at the other one and laughed. It said “you’re dancing with the wind. Look at me, I’m strong and the strong wind can’t even move me.” The intensity of the wind increased and increased further. Slowly this tree started feeling the force and losing its balance. The other tree on the other hand kept dancing with the wind and stood its ground. Finally, when the thunderstorm’s intensity reached its peak, the stronger tree got uprooted. While, the flexible tree was still alive. With the relief package declared by RBI, our economy is probably showing the required flexibility to tackle the thunderstorm of Coronavirus.

Continue Reading about 3 days ago
SIP or Lumpsum Investment: Which is the better option?
Investing

SIP or Lumpsum Investment: Which is the better option?

SWP  and SIP or a bulk payment  The investment world is filled with acronyms making it difficult for a commoner to interpret or comprehend it. SIP and SWP are two such acronyms that you might constantly hear when you go in for investing. Especially, when you are about to invest in mutual funds, the one basic question which the broker might ask you is whether it is a lump sum or SIP-based investment. Without knowing the actual meaning and benefits of it most of us might simply choose one falling victim to the advice of brokers or friends. So what exactly are  SIP and SWP? Should I go for SIP or a lump sum? 

Continue Reading about 4 days ago
How to Manage a Product cost effectively?
Economy

How to Manage a Product cost effectively?

We all hear the word “COST” frequently in our day to day life. But have you ever heard the term “TARGET COSTING”?   Here’s all you need to know about target costing which will help you to keep yourself updated.

Continue Reading about 4 days ago
How Annuity Helps to Plan Better Retirement?
Investing

How Annuity Helps to Plan Better Retirement?

As many say, retirement is the start of a new adventure. It is that time of your life where you are relieved of all your responsibilities. But things are never going to be the same while you retire as it is today. Inflation is going to touch new peaks along with your ever-growing needs. So, without a steady flow of income, your new adventure will soon turn to be nothing more than a horror story. In no time you might be forced to return to the workforce once again. I am pretty sure that most of us don’t want to get back to work, rather than enjoying the perks of old age. So what should you do? 

Continue Reading about 5 days ago
Will Coronavirus Lead to a Recession?
Economy

Will Coronavirus Lead to a Recession?

Coronavirus Pushing Us Into Recession? Coronavirus has hit the economy hard indeed.Are we entering into a recession post lockdown? There’s a funny Cricket video on YouTube in which a fielder on the boundary puts in an intense dive and slides to save the boundary and also manages to save it but, in his effort takes off the pants (the lower slips off due to the impact of dive and slide). On the one hand, the spectators appreciate the effort but they can not stop laughing when they see the player without pants. Now, imagine the boundary as pandemic and pants as the economy. While the government is doing everything to control the spread of the pandemic, the economy is suffering in parallel.

Continue Reading about 7 days ago
Walmart strategy- Everyday Low Pricing Model
Economy

Walmart strategy- Everyday Low Pricing Model

We see a lot of supermarket chains around us. Big Bazaar, D-Mart, V-Mart are some names that have gone huge and later released their IPO. Supermarket chains have expanded from metro cities to now smaller towns. One thing that unequivocally attracts people to the Supermarkets stores is their low pricing. They buy and sell in huge volumes and thus can generate economies of scale that normal Kirana Stores cannot. This piece talks about how Wal-Mart’s famous revenue model works and has the retail sector been able to generate benefits for consumers through this model.

Continue Reading about 7 days ago
Working of cryptocurrency?
Investing

Working of cryptocurrency?

‘Bitcoin’ became a popular term a couple of years ago. The buzz it created all over the world can be fathomed with an observation that people would rarely know about Blockchain Technology, but they knew about Bitcoin. It was as if they did not know what a mobile phone is but they know what Samsung does. However, this cannot be blamed on people. Blockchain technology came as a revolution. Started with a research paper in 1992, it came into being in 2009; and the first application of blockchain was the Bitcoin. This piece talks about Bitcoin and other cryptocurrencies like Ripple, Ethereum, and so on. The concept of functioning of all cryptocurrencies is the same.

Continue Reading about 8 days ago
Covid-19 Crisis: Three Industrial Sectors Remain unharmed
Investing

Covid-19 Crisis: Three Industrial Sectors Remain unharmed

Three industrial sectors are still going strong amidst the crisis.Which are these and how are they doing it? If we tell you that there are certain things that have not been affected at all by the devastation that Coronavirus has caused, how would you react? We are not kidding, there are three industrial sectors that have somehow remained untouched by the effect of Covid-19 and since the 21-day lockdown has been initiated, these industrial sectors may stand strong at the end of all this as well.

Continue Reading about 9 days ago
Financial Emergency- Article 360 of Indian Constitution
Economy

Financial Emergency- Article 360 of Indian Constitution

The Financial Emergency A country already in an economic slowdown, all activities at halt plagued by fears of the Coronavirus pandemic, the free messaging services of WhatsApp, and the audience that would believe everything it gets on its phone. All this became perfect ingredients for fake news doing rounds on 24th March 2020. The message, also picked by some media houses, said that the Prime Minister Office would impose ‘Financial Emergency’ in the country. Though this information was busted a few hours later, us as citizens need to know what would happen in case the ‘Financial Emergency’ is imposed upon the nation. The provisions would help us understand the implications of what has never been invoked in the independent history of India.

Continue Reading about 10 days ago
Types of Mutual Fund Schemes in India and its Benefit.
Investing

Types of Mutual Fund Schemes in India and its Benefit.

Saving money without the intention to invest is utter waste. “But where to invest?” is one question we constantly ponder upon. I have heard people saying that, in olden days, the bank was the only option for those looking for a safe haven for their money. But things have changed a lot now. You have a wide range of options to choose from. A new investment scheme pops up every day. But when you are offered a lot of options, you usually give way to confusion. Mutual funds investment emerges as one of the best options in the market. Mutual funds are investment vehicles that make your ride towards your financial goals easier. 

Continue Reading about 11 days ago
Coronavirus Update: Govt. Caps Prices of Sanitizers & Mask.
Economy

Coronavirus Update: Govt. Caps Prices of Sanitizers & Mask.

Government has capped the prices of sanitizers and masks.What all is being done to fight Coronavirus? If you would have interacted with stock traders (not investors) who always speculate the prices of stocks and put their money accordingly, you would have heard much time of their speculation going wrong. It so happens that they buy stocks in bulk at a higher price because they do not speculate the prices to go down. Afterward, when the prices go down, they regret having paid a higher price. Something similar must have happened with people who would have bought masks & sanitizer in panic (at a higher price) post the outbreak of Coronavirus. The government has capped the rate of sanitizers and masks to provide some relief to the people in these hard times. The private manufacturers have also welcomed this step by the government and are scaling their production to meet the rising demand in the market. What has the government decided exactly, read on to find out?

Continue Reading about 11 days ago
How Stocks are Included in an Index?
Investing

How Stocks are Included in an Index?

Every day we come across the news stating that Sensex rose by 200 points, or Nifty fell by 100 points. All such news denotes just one thing- the performance of the market. If Sensex or Nifty rises, the market has performed better than yesterday; or if it falls, it has performed poorer than yesterday.

Continue Reading about 11 days ago
Reality of Coronavirus Test in India: Covid-19 Update
Economy

Reality of Coronavirus Test in India: Covid-19 Update

Confirmed Coronavirus cases in India is still less than many other countries. Is it because of lesser tests being conducted? Besides being the largest bird, Ostrich is also known for its special characteristic to ignore adversity. And the way it does that is even more weird. Whenever an Ostrich senses trouble, it buries its head under the sand (or in the ground if possible) and this way it feels safe. The key here is that the trouble isn’t actually going away but the Ostrich is feeling safe although it actually isn’t. Is this safe for the Ostrich? Not at all!

Continue Reading about 15 days ago
Everything about Subprime Home Loan Crisis
Economy

Everything about Subprime Home Loan Crisis

Subprime loan crisis Loans have proved to be the critical aspect of any economy. It acts as a bridge leading to the unreachable needs and impossible dreams. The doors of the bank would be the first thing we would be knocking once we run out of options. Whether you wanted to buy a new home or finance your educational goals or any of your need for that matter. But one cannot ignore the fact that the same loan has laid the road to recession in the past. 

Continue Reading about 16 days ago