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SIP Crorepati Calculator: How to become a crorepati in 10 years? Check investment and return calculator | Personal Finance News

SIP Crorepati Calculator: How to become a crorepati in 10 years? Check investment and return calculator | Personal Finance News

Business
How to become a crorepati? Be it a salaried person or a small businessman, everyone wants to accumulate a large corpus in their life - be it for retirement or for other life goals. While it may seem an uphill task to many, according to experts, any earning person can become a crorepati if they chose to invest regularly and systematically in instruments that yield inflation-beating returns in long run. You can become a crorepati in five, ten or 15 years depending upon the amount of investment you are making into the instrument. Since the investment amount is too high for five years tenure, here we will tell you the investment strategy devised by experts to become a crorepati in 10 and 15 years.  How to become crorepati in 10 years? So, if you want to become a crorepati in 10 years thro...
Larger firms could be under investigation for delaying payments to smaller ones

Larger firms could be under investigation for delaying payments to smaller ones

Business
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsAn investigation will be launched to stop wealthier companies making late payments to smaller firms.Business secretary Grant Shapps said that the larger firms delaying their payments can act as a “real barrier” to smaller businesses, preventing productivity and job opportunities.Mr Shapps said: “The UK's 5.5 million small businesses are an integral part not just of our economy, but of our communities too, and this government is firmly on their side.“That many small firms are routinely paid late is intolerable and presents a real barrier to productivity, the creation of high-skilled jobs and ultimately economic growth.”The government already has a...
OYO to downsize 3,700-employee base, cut 600 jobs

OYO to downsize 3,700-employee base, cut 600 jobs

Business
NEW DELHI: IPO-bound travel tech firm OYO on Saturday announced it will downsize about 10 per cent of its 3,700-employee base by cutting 600 jobs in the technology and corporate verticals and hiring 250 members, primarily in the relationship management teams. OYO said the move is part of implementing wide ranging changes in its organisational structure. It is downsizing its product & engineering, corporate headquarters, and OYO Vacation Homes teams, while it adds people to the partner relationship management and the business development teams. "OYO will downsize 10 per cent of its 3,700-employee base, which includes fresh hiring of 250 members and letting go of 600 employees," a statement said. Product and engineering teams are being merged for smoother functioning, it added. The...
Reuters reveals India asked by sanctions-hit Russia for parts for key sectors

Reuters reveals India asked by sanctions-hit Russia for parts for key sectors

Business
Business & Finance29 November 2022, 4:18 pm. 1 minute Reuters exclusively revealed Moscow has sent India a list of more than 500 products for potential delivery, including parts for cars, aircraft and trains, as sanctions squeeze Russia’s ability to keep vital industries running. The list, a version of which has been seen by Reuters in New Delhi, is provisional and it is unclear how many of the items will eventually be exported and in what quantity, but an Indian government source said the request was unusual in its scope. Article TagsTopics of Interest: Business & FinanceType: Reuters BestSectors: Business & FinanceRegions: EuropeCountries: RussiaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Importan...
Rishi Sunak Faces a Most Unhappy Christmas

Rishi Sunak Faces a Most Unhappy Christmas

Business
Comment on this storyCommentCould UK Prime Minister Rishi Sunak have expected such candid advice when he invited his mentor George Osborne back into No. 10 to talk strategy? The former chancellor and Tory Machiavelli told Channel 4 last weekend, “There’s a general sense that the government is not in control of events and that’s so dangerous.”Waiting lists for hospital treatment are now counted in the millions, getting an appointment with a local doctor is basically a lottery, and services like passport provision are a byword for inefficiency. Public-sector workers are set to strike for pay rises that aim to bust the current inflation rate of 11%. As Osborne sees it, the consequences for Sunak’s Conservatives look dire: “When we first came on your show, it was the Tories’ to lose … Now i...
Let Extreme Networks cool off before buying

Let Extreme Networks cool off before buying

Business
Paramount Group Inc: "It is very inexpensive, but at the same time, I don't like office real estate. So, I am torn on it."Uranium Energy Corp: "There are no consistent brands right now in this country for nuclear power. It has too many enemies."Extreme Networks Inc: "I think it's a very good networking company. ... Let it cool off a little, and then you can do some buying."Super Micro Computer Inc: "It seems too good to be true, which means we have to ... figure out exactly what that company does."Nvidia Corp: "I think [their inventory buildup] goes through and is done and is flushed by the first weeks of January, and will be in better shape."Barrick Gold Corp: "It's got a good yield, but the problem is, is that the dollar's got to get weaker. And in that case, if the chart is good, you...
Gas sector’s debt grows as prices kept low

Gas sector’s debt grows as prices kept low

Business
ISLAMABAD: The government’s policy to keep gas prices artificially low is going to extensively hurt the energy sector where circular debt is continuously growing due to the reliance on liquefied natural gas (LNG) imports. In September, the federal government proposed a plan to increase gas prices by over 300% but it could not be executed because of fears of a political backlash. According to officials, piped gas price is currently Rs1,283 per million British thermal units (mmbtu) but the cost of liquefied petroleum gas (LPG) is significantly higher at Rs4,041 per unit. Though LPG is said to be the poor’s fuel, but its consumers are paying around three times the price of natural gas. According to sources, receivables in the revenue requirement of the public gas utilities stand at arou...
Nepra to reduce K-Electric tariff by Rs2.14 per unit

Nepra to reduce K-Electric tariff by Rs2.14 per unit

Business
Residents of Karachi, who have been troubled by exorbitant power bills can expect some relief in their next bill after the national power regulator decided to reduce power tariffs by Rs2.14 per unit for October under quarterly fuel cost adjustment (FCA). The National Electric Power Regulatory Authority (NEPRA) approved the tariff reduction following an application by the division’s power utility, K-Electric. Nepra officials approved the reduction in cost of electricity after noting that a violation of the merit order had slapped an additional burden of Rs1 billion on consumers. Electricity generated by KE using its resources cost Rs32.96 per unit. Moreover, the price of electricity purchased from the Central Power Purchasing Agency (CPPA) stood at Rs12.1 per unit. While not applicable...
Govt Launches Fourth Tranche of Bharat Bond ETF; Details Here

Govt Launches Fourth Tranche of Bharat Bond ETF; Details Here

Business
The government on Friday launched the fourth tranche of Bharat Bond ETF, India’s first corporate bond exchange-traded fund. The new fund offer of the ETF opened on December 2 and will close for subscription on December 8. Edelweiss Mutual Fund is managing the fund.The funds raised would be utilised for undertaking capital expenditures by central public sector enterprises (CPSEs). This new Bharat Bond ETF and Bharat Bond Fund of Fund (FOF) series will mature in April 2033. Through the launch of this new series in the fourth tranche, the government proposes to raise an initial amount of Rs 1,000 crore with a green shoe option of Rs 4,000 crore.In December last year, the government had launched the third tranche with a base issue size of Rs 1,000 crore. It was over-subscribed 6.2 times wit...