Rakesh Jhunjhunwala, who recently died, was a great example of the Indian dream. The story of how the great investor went from being very poor to having a net worth of more than Rs 43,000 crore is the stuff of legends. ON RISK: The word “risk” has four letters. It’s a kind…

There are only really two things you can do to improve your personal finances: earn more money. reduce your expenses But the bigger question is which one should you put your time and energy into? I’m sure that if you want to make big changes, you should be working on…

The results of startups show how COVID and the war between Russia and Ukraine affected new companies. SoftBank, a Japanese company that invests in tech, lost a huge $23.4 billion in the April-June quarter. It got $17 billion from the Vision Fund investments it made. The conglomerate cut the fair…

The Insurance Regulatory and Development Authority of India (IRDAI) has decided to allow general insurance companies to offer new, add-on covers along with motor policies’ own damage component. That is, you can pay an extra premium to get these extra covers on top of your base policy. IRDAI said that…

In investing and trading, diversification is the process of buying positions with capital that is not 100% correlated with price movement during most market environments. Diversification can be as broad as investing in different types of assets or just in equities but in stocks in different sectors, market cap, or…

The US gross domestic product fell for the second quarter in a row, making people worry that the largest economy in the world may be going into a recession. But investors didn’t care about these worries and sent stock markets up. At 1 p.m., the NSE Nifty 50 index was…

The rupee hit a new low versus the dollar, which is strong despite a faltering US economy. On offshore derivative marketplaces, the rupee exceeded 79 per dollar on Wednesday. Even India’s Clearing Corporation recorded transactions over Rs 79 per dollar. Despite RBI involvement, the rupee remains one of Asia’s weakest…

Expectations are our own personal version of the future. Using your knowledge of how an environment functions, you project what you believe to be true into the future. Expectations also bring emotional highs and lows. Because you naturally expect your beliefs to be right, you’ll feel great when the future…

They were initially advertised as a digital money, but the asset’s volatility caused its supporters to abandon the notion. They attempted to rationalise it by calling it digital gold, but it was not the secure haven they envisioned. Then it was marketed as an inflation hedge, but the idea was…