Stock Maestro

  Uday Kotak is the MD and CEO of Kotak Mahindra Bank one of the  prominent Indian private sector bank and he is India's fifth richest person according to Forbes India Rich List. Why in Focus today? According to RBI, no individual can hold the position of MD or CEO in any bank whether it is a Public sector or Private sector Bank for more than 15 years. So Uday Kotak has completed his fifteen years tenure as MD and CEO of Kotak Mahindra Bank and it would be now interesting to know that who will take his position. Initial Journey: He was born in a middle class Gujarati Family and after completing his Masters in Business Administration(MBA) he was offered a job in Multinational Giant Hindustan Uniliver but he did not do the job there and instead started working in his family business. Then he started his own business of bill discounting which he later expanded to investment, car loan, personal loan, corporate loan and insurance sector. The Big Entry:  In the mid of 1980s, ba...

  In India, after the Independence Fixed Exchange Rate System was followed till 1990s. In this system,  the value of a currency is fixed in a predetermined ratio to another more stable and internationally used currency or to a bunch of such currencies. But in this system also the prices fluctuates but after a specific period of time. The Government or the RBI revalues according to the economic condition prevailing in the country and its international value. But in 1993, India adopted Floating Exchange System as India was drained of its Foreign Reserves and had to adopt this system in which the price of a currency is determined by the market forces which are demand and supply. The greater the demand of a currency in the International Market its value increase against its peers and vice versa. Factors Affecting the Fluctuation: Foreign Exchange Reserves: The most dominant factor in resulting the prices of the respected currencies of a Nation is the availability of Foreign Reser...

A credit card is a type of plastic money which helps us to do online shopping, online payments and withdrawing cash from ATM.   Advantages: It relieves us of the risk of carrying cash. It provides a free credit period of 20-50 days. We get a record of transactions. Disadvantages: It has an interest rate of 36-40% p.a. which is very high compared to normal loans when the payment gets defaulted. It has many hidden charges, annual maintenance charges and transaction charges. If the payments get defaulted then our CIBIL score degrades which is used by banks to provide loan. A good CIBIL increases your chances to get loans easily at lesser rates. Is Credit Card good or bad? It totally depends upon how you use it. But we should keep a Credit Card to avail its benefits keeping in mind our financial position in minds. We should not spend a large part of our earnings through it as if we will default then we will have to a very high interest rate. Precautions: Never exceed your payment capac...

   During this time of Lockdowns and a surge in Coronavirus cases in India when all the businesses except the essential services are ruined and people are cutting money from their savings to continue their lives. There are lesser chances of earning money in this situation. But every man has a chance to earn a handsome money in this difficult times by investing in Stock Markets. We know that history repeats itself so as the condition is same like the previous year lockdown situation and even more grimmer. In 2020, Sensex plunged from around 42000 to 25000 points in March when Coronavirus advent in India. But then the Stock Markets bounced back consistently with a progressive increase to 52000 points in just 8 months creating an all time high and making many people millionaires and even billionaires. So there is a chance to earn money now as states introducing lockdown and surging Coronavirus cases creates a negative sentiment in the market and as Economy is hurt due to lockdown...

  India's Biggest Stamp Paper Scam or Scam 2003 Scam 2003's mastermind Abdul Karim Telgi born in Karnataka indulged in India's biggest scam. According to many reports this scam was valued to be of a whopping amount of around 20000 crores or more leaving behind the controversial Harshad Mehta Scam and Vijay Malaya Scam in numbers. To earn a living Telgi moved to Mumbai where he worked as a travel agent and soon began forging travel documents to illegally send people to Saudi Arabia. But he was soon sent to jail for forging documents. In the jail, he met Ratan Soni who worked in stock market. He taught him in forging stamp paper documents in the jail and in 1994 he started the business of printing fake stamp papers. His network grew immensely in all the Government Departments, Police  Department and even he maintained connections with some ministers by bribing all of them. He bought official stamp paper machines from Government's Printing Department by declaring them obso...

The Stock Market from the beginning of the April month was either in red numbers or showed a low growth. Both the market indexes didn't show a healthy recovery. Here are the reasons why there are signal of a start of bearish run in the market: Reasons Increase in Covid-19 Cases: There is a steep rise in the corona cases in India as well as the whole world which created a fear in the minds of investors.                             Fear of Lockdown: As the number of corona cases are increasing and the states being forced to implement night curfews and weekend lockdowns which shows a fear factor that short term lockdowns can be implemented if the same situation prevails. Increase  in Bond Market Yield: The increased interest rates in bonds investment return leads to a change in investor's mindset of shifting from stock investments to bond investments.              ...