FINANCIALLY INDEPENDENT
Central banks should have independence to deliver on price stability: John C Williams
Central banks ought to own up for delivering on price stability and must be given the independence to act for achieving it, a top official from the Federal Reserve Bank of New York said on Friday.
Shriram Life Insurance launches Deferred Annuity Plan
Shriram Life's Deferred Annuity Plan, starting at Rs 60,000 annually for ages 40-75, offers a 5-10 year deferment period before annuity payments commence. Providing a Return of Purchase Price, it ensures financial independence, particularly for entrepreneurs not under social security. Premium is refunded upon terminal illness or death, stated MD and CEO Casparus J H Kromhout.
Britannia appoints ex-RBI Guv Urjit Patel as independent director
Britannia has appointed former Reserve Bank of India Governor Dr. Urjit Patel and Atul's MD Sunil Siddharth Lalbhai as Additional Non-Executive Independent Directors for five consecutive years, effective from July 2, 2024, to July 1, 2029. Patel served as the 24th Governor of RBI and was Deputy Governor from 2013 to 2018.
While stepping down, very few independent directors speak up
Till date this year, out of 180 independent directors who resigned from corporate boards citing "personal reasons", only four have mentioned issues such as corporate governance or lack of transparency for doing so. In recent weeks, though, Nisaba Godrej stepped down as independent director on the board of VIP Industries citing accountability issues while Marc Desaedeleer resigned from Suzlon board citing "transparency" issues.
No financial irregularity, or compliance violation within the company: Suzlon
Suzlon Energy assured no financial wrongdoing after independent director Marc Desaedeleer's resignation. Desaedeleer raised compliance and transparency concerns, prompting discussions with the chairman and board members. The company affirmed its commitment to regulatory norms and proactive disclosure. The stock traded at Rs 47.54, down 4.61% on the BSE.
Suzlon shares dip 5% as independent director resigns
Shares of Suzlon Energy dropped by 5% during Monday's early session, hitting the day’s low of Rs 47. This decline followed the resignation of the company’s independent director, Marc Desaedeleer, from his directorship on June 8.
No financial irregularity, compliance violation within Co, says Suzlon as independent director quits
Suzlon Energy on Monday clarified that there are no financial irregularities or compliance violations within the organization, following the resignation of its independent director Marc Desaedeleer. Desaedeleer resigned on Saturday and raised corporate governance issues within the company in his resignation on June 8, 2024, as per a BSE filing.
Want to retire at 50? Start early, save regularly to achieve FIRE
Financial independence, retire early (FIRE) is a movement focused on extreme savings and aggressive investment that aims to allow people to retire much earlier than is possible through traditional budgets and retirement plans. Detailed planning, budgeting discipline, and smart investment are key components to achieve an early retirement.
Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
Audit panels of companies can’t escape blame by citing auditors’ failure: NFRA chief
NFRA chairman Ajay Bhushan Pandey emphasized the audit committee's responsibility in ensuring accurate financial statements, even if auditors fail in their duty. He highlighted the need for meaningful communication between audit committees and auditors, stating that it should not be a mere formality. Pandey's remarks come as the NFRA plans to engage with large listed companies to promote accounting standards and curb corporate frauds. This regulatory outreach is part of efforts to protect retail stock investors, a focus highlighted by Finance Minister Nirmala Sitharaman.
104% rise in number of political parties contesting LS polls from 2009-24
The number of political parties contesting the Lok Sabha elections has surged by 104% from 2009 to 2024. A total of 751 parties are participating in 2024 compared to 677 in 2019, 464 in 2014, and 368 in 2009, according to an analysis by ADR. The analysis of 8,337 candidates reveals a diverse mix of representation. Criminal cases have been declared by candidates from different party types and a significant number of crorepatis feature among the contestants.
Myth Debunking 101: ‘Gig work is unstable and insecure’
India's gig economy has evolved with stability in gig work being a key concern. Strategic planning can provide stability despite the lack of traditional benefits. Platforms offer benefits and security, debunking the myth of instability.
Time for India to get the investment game right!
Indian households traditionally prefer fixed deposits, gold, and real estate for investments. However, equities, mutual funds, SGBs, InvITs, and REITs offer higher returns over the long term. StockGro aims to educate and empower investors in the equity market. SEBI, NCFE, and RBI play roles in promoting financial literacy and regulating investments.
Sparking FIRE: How StockGro’s #BFF campaign demystifies the fundamentals of financial freedom and early retirement
Financial freedom is about pursuing passions without financial burdens, intersecting with the FIRE movement for early retirement like FIRERachita. StockGro's #BFF campaign drives financial awareness in India, empowering individuals to achieve financial independence through smart investing and a beginner-friendly platform.
Why many Indian women are saying no to marriage
Today’s young women know that this patriarchal arrangement will take away their power, forcing them to share responsibility disproportionately and render them financially unequal
How to manage money after losing spouse? 5 critical lessons to deal with family finances
In a sudden turn of fate, Shubha (49) became a sole guardian of her family's finances after her husband's death. With young children (17 & 13), she took charge, seeking guidance from trusted advisors. To secure their future, Shubha meticulously documented all assets (bank accounts, investments) and navigated complex paperwork to ensure ownership transitioned smoothly. Here are the financial lessons that you can learn from Shubha's journey.
Technical Breakout Stocks: How to trade Godrej Properties, Rainbow Children and ABB India on Tuesday?
Indian markets closed mixed on Monday tracking the muted trend seen in other Asian markets. The S&P BSE Sensex rose while the Nifty50 closed 33 points lower.
Technical Breakout Stocks: How to trade Exide Industries, Gail India and Aegis Logistics on Thursday
Exide Industries stock has given a big breakout in the monthly/weekly and on the daily charts. It has given a significant up move in April as the stock rallied from Rs 310 to Rs 470.
Financial Independence: How women are increasingly taking financial decisions
Financial independence for women is not just about earning money but also about how to manage it wisely. Taking advice from a financial consultant can help women explore investment alternatives, savings, and debt management strategies.
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