A2Z

The acquisition of Twitter is making it difficult for Elon Musk the richest man in the world. This huge takeover of 4,400 crores has become a treasure of his personal wealth. As soon as Twitter came into Musk's hands, his net worth (net worth) melted by around $10 billion. Bloomberg Billionaires Index states this. In fact, at one stage, Musk thought to say goodbye to the Twitter deal. They looked to say goodbye to the deal in the name of bogus accounts. Musk had to buy Twitter as a matter of necessity as Twitter dragged this matter to the court and made a fuss. Problems from the beginning since the announcement Elon Musk announced in April this year that he is going to buy Twitter for 4.4 billion dollars at a price of 54.2 dollars per share. Wall Street was suddenly shocked that this is the price for Twitter whose income is falling. There have been reports that Tesla will sell some of its equity shares to raise the necessary funds for the acquisition of Twitter. Tesla's share...

  A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time. Having a better credit score has become especially important for Millennials and Generation Z. They are the most frequent checkers of their personal credit scores, a OneScore study report revealed. As of 2019, people aged 23-38 are known as Millennials. Those younger than that come under Gen Z. Credit score monitoring app OneScore analyzed the data of 90 lakh users across the country for this study. Over 46 percent of Millennials and Gen Z users improved their credit scores in the 2021-22 fiscal year. Compared to the previous financial year, checking credit scores among new customers increased by 163 percent in 2021-22. The average credit score of Millennials and Gen Z users in the fiscal year ending March 2022 was 715. Not much has changed compared to the score of 714 recorded in the previous financial year (2020-21). T...

  After Corona, employees working in tech companies have become very conflicted. The work from home (WFH) method is introduced by all the IT companies and they are still continuing even after two years. It seems that the nation is coming out from coronavirus fangs and IT Companies have introduced a Hybrid policy inviting employees to work from office locations twice a week. While doing WFH, some of the employees used to earn additional income by working for other companies. Lately, there has been a heated debate on the moonlighting system. The reason is that the food delivery platform Swiggy has made this moonlighting approach available to its employees working in India. In this moonlighting system, an employee working in an organization can also take up a job or a part-time job elsewhere after working hours for additional income. Even if they do, basically the company that hired them will not raise any objection. Many employees in America choose this method of moonlighting for ext...

Narendra Modi's Government had all efforts to divert the people from using cash for their transactions. NDA government did a huge campaign on digital payments for 8 years and it was successful to some extent. Many people go out without cash in hand these days. Because whatever you buy, you can just scan it and pay through UPI. This UPI is not only a facility but also free. But soon this situation is going to change. Fees may also be levied on UPI transactions. The Reserve Bank has recently released a discussion paper on 'Charges on Payment Methods. People are asked to give their opinions and suggestions on this document by October 3. Are low charges a viable alternative to zero charges? If charges are charged for UPI transactions should they be as a percentage of the transaction? Or should it be a fixed amount? Or should the regulator control the charges? Or should we leave it to the market to decide? RBI has asked for opinions and suggestions on these issues. All charges relat...

  Looking at the history of the last 75 years, the rupee's exchange rate against major currencies has been depreciating. The rupee's exchange rate, which was Rs.4 to a dollar in 1947, is close to Rs.80 today. The rupee exchange rate is depreciating every year. In 1947, four rupees were equal to one US dollar. Now we have to spend about Rs.80 to buy a dollar. This means that in the last 75 years, the value of our rupee has fallen 20 times against the dollar. The main reason for the depreciation of the rupee against the dollar is the trade deficit. By the time of independence, our exports were equal to our imports. After that, exports did not increase as much as imports did. As a result, the trade deficit increased. The main reason for this is the burden of oil imports. The first compression starts during the 60s During the '60s our economy faced many ups and downs. Along with wars with China and Pakistan, droughts also damaged the economy. As a result, the fiscal deficit an...

  Reliable sources said that the Indian government wants to put a check on the Chinese companies that are ruling the Indian smartphone market. They said that the government is planning to impose restrictions on Chinese companies such as Xiaomi, Oppo, Realme, Vivo etc. from selling budget smartphones priced below Rs.12,000 in the country. The purpose of this proposal is to increase market opportunities for domestic mobile brands. Chinese companies dominate our budget and premium smartphone market. Apart from Samsung, among the top-5 companies in terms of market share, the other four are Chinese. It is noteworthy that there is no domestic brand at least in the top 10. Banning budget smartphone sales will have a huge impact on Chinese companies, especially Xiaomi. According to a report by market tracking company Counterpoint, mobiles priced under Rs 12,000 accounted for a third of India's smartphone sales for the quarter ended June. 80 percent of it is owned by Chinese companies. The ...

The news that there is a risk of economic recession in America this year is worrying the world. US GDP has declined for two consecutive quarters this year. US GDP shrank by 1.6 percent in the first quarter of this fiscal year. The second quarter results are due this weekend. According to the available statistics, the GDP is likely to decrease this time as well. When reporters questioned American President Biden on this issue, he concluded that there is no possibility of an economic recession. But the reality is far away from his words. Experts are worried that if there is an economic recession in America, the impact will be heavy on Indian tech companies. But our tech giants are of the opinion that there is no possibility of economic recession in America. For example, Infosys expects its revenue to grow by 14-16%. Economic experts say that the statistics are not so promising. Another tech giant Wipro also faces a similar situation. The company's EBIT (earnings before interest and t...

Under the leadership of Finance Minister Nirmala Sitaraman, the Government of India (GoI) has consolidated 10 Public Sector Banks into 4 banks. This action came into effect on April 01 st , 2020. At present, there are 12 banks in the public sector and the plan is to reduce the number to 4-5. It seems that the central government is planning another round of mergers of public sector banks. The government has recognized that the small banks are facing problems of loan evasion, unfavorable economic conditions, and difficulty in raising funds. With this, it is believed that only the big banks can survive in the long run. As part of this, the Modi government first merged five subsidiary banks of SBI and Bharatiya Mahila Bank in 2017. In 2019, Dena Bank and Vijaya Bank were merged with Bank of Baroda. Prior to this, the government had merged five associate banks of SBI and Bharatiya Mahila Bank with India’s largest lender SBI. With this, SBI became a giant bank. Then the second phase complete...

  Large note circulation in the economy has further declined. As of March this year, the number of Rs 2,000 notes in circulation had dropped to 214 crores. At that time, the share of 2,000 rupee of Indian currency in all denomination notes in the market had fallen to 1.6 percent. The following are some highlights of the RBI report on the circulation of the 2000 currency note: By March 2021, the total number of denomination notes in circulation in the system was 12,437 crore, up from 13,053 crores by March 2022. As of March 2020, 274 crore Rs 2,000 notes were in circulation. They accounted for 2.4 percent of all denomination notes in circulation at the time. As of March 2021, Rs 245 crore 2,000 notes were in circulation, accounting for 2 percent of the total currency. The share of Rs 2,000 notes in the total value of all denomination notes fell from 22.6 percent by March 2020 to 17.3 percent by March 2021 and 13.8 percent by March 2022. As of March last year, Rs 500 notes worth Rs 3...

Following the acquisition of microblogging company Twitter by global tycoon Elon Musk, radical changes are taking place in the app & web application. Twitter which was a ‘public’ company is being transformed into a private company. As the head of Tesla and SpaceX companies, Musk, the world's giant, has now added a new dimension to Twitter, with the potential to turn it into a brand image. Elon Musk has already announced on Twitter that he will fight for freedom of speech. Microbloggers' opinion was gathered on Twitter and put to a vote. The lion's share of netizens voted in favor of Musk's ambition. Freedom of speech on Twitter is information that will bring about huge changes in the way limited letters are used in each tweet. When the reign of Twitter began 16 years ago, only 71-100 characters were allowed in a single tweet. After that, it was increased to 208 characters. This year it has reached 280 characters. However, those who make big posts are doing two or th...