Akshata Kamath
DailyO
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Past articles by Akshata:
Why did Paytm shares sink by 10% in hours today?
Paytm's share prices have been declining since the last one year. But the news that promoter SoftBank is selling 4.5% stake out of its 17.5% in Paytm led to its share prices sinking by 10% in a matter of hours on Thursday (November 17). → Read More
5 Indian stocks you need to keep an eye on for the next 3 months
If you are planning on investing money in the stock market in November 2022 for a short term, here are five stocks that experts have recommend. → Read More
As Rishi Sunak becomes UK Prime Minister, pound jumps to a 6-week high
When the price of pound fell to a record low of $1.0697 on September 26, 2022, inflation and Liz Truss's bad economic policies were blamed for the fall. But as the UK has been buzzing with the news of having an experienced Finance Minister as the Prime Minister, the GBP-USD rate has increased slowly and has now risen to a six-week high of $1.16. → Read More
Why is the pound falling?
The pound sterling has been falling for a while now, but its value took a deep dive recently. The drop was triggered by a 45-billion pound (about Rs 393 crore) tax cut announcement made by UK's Chancellor of the Exchequer, Kwasi Kwarteng. → Read More
Too poor to buy property but still want to invest in real estate? Try REITs
As real estate prices soar faster in 2022 than in the last five years, prospective home buyers might be in a tiresome race to invest in the best properties of their choice. But since buying real estate involves a lot of time and resources, investors can invest in REITs for an easier way out. → Read More
When a CEO is fired, the Golden Parachute clause kicks in. What does it mean?
The Golden Parachute clause helps a CEO (or any top leader of a company) sail through the balance period of his tenure, in case he is terminated before his term ends. Though this practice is now called unethical by some, it came into place to protect to protect CEOs and investors from hostile takeovers. → Read More
SEBI puts Go Digit's IPO in abeyance. But what does that mean?
Go Digit filed its Draft Red Herring Prospectus with SEBI in August 2022 to raise about Rs 1,250 crore by issuing fresh shares. But India's capital market regulator SEBI has put the IPO application in “abeyance” (ie kept on hold), thereby pausing the online insurance company's plans of going public. → Read More
Inox Green Energy to bring in Rs 740 crore IPO in October-November 2022
After withdrawing its initial draft red herring prospectus in April 2022, Inox Green Energy Services has received SEBI approval on its second draft red herring prospectus. Inox Green now plans to come out with its Initial Public Offering (IPO) by October 2022 and raise Rs 740 crore to fund its expansion plans. → Read More
After delivering apples, Blinkit will now deliver Apple products in minutes. But only if you are in Mumbai or Delhi
In an industry-first for both Apple and Blinkit, the quick e-commerce platform Blinkit will now deliver Apple products directly to your home in minutes, just like it delivers groceries. This service will start only in Mumbai and Delhi for now. → Read More
Now pay more for Disney World Florida entry tickets, but don't expect anything great
Arguably the happiest place on Earth, the Disney World, has raised its ticket prices in Florida in US, but without raising its standards. As customers come back to the park after the Covid sabbatical, they are complaining about several issues. → Read More
Infosys will fire anyone caught moonlighting. But looks like there are exceptions
The HR department of Infosys sent out a mail warning employees of termination if they were engaged in employment with another while being employed at Infosys. But looks like some people did not receive the mail from the management. → Read More
Goldman Sachs is scrapping perks like fancy coffee, free car rides. They are not alone
As employees return to the office after the long hiatus of working from home, they might find something missing: the cool office perks that they once boasted about. From free coffees to laundry and free daily car rides, US-based companies are cutting costs and scrapping perks. → Read More
Suzlon Energy, Reliance stocks hit upper circuit. What does it mean?
The maximum level to which a stock's price can rise in a day is called an upper circuit. When a stock hits an upper circuit, the stock usually has a majority of buyers or falls in the Only Buyers' category, as the demand for the share increases and no seller wants to sell stocks of a company whose price is set to rise. → Read More
Why do stocks hit their 52-week high/low? What does it indicate?
If you ever look for a particular stock's performance in the last one year, the lowest price that the stock hits is called the 52-week low, while the highest price the stock hits is called the 52-week high. → Read More
What is skimpflation? How is it affecting you every day?
Skimpflation is a situation when customers have to pay the same amount for a product or service that has worsened in quality over time. Since this situation arises from a company's need to maintain margins and reduce staff to cut costs, it leads to unsatisfied customers and employees. → Read More
Sensex crosses 60,000 mark. 5 key factors that made it possible
Sensex crossed the 60,000 mark for the first time in months on Wednesday (August 17). This has been possible because of a reversal of some past brutal trends like stock price crashes, a spike in crude oil prices, and FIIs pulling out their money. → Read More
With crude oil prices falling, 3 paint stocks you should keep an eye on
When global crude oil prices breached record highs in March and June , sectors like paint, tire, and aviation were the worst affected. But now that the crude oil prices are coming down, keep an eye on Asian Paints, Berger Paints, and Kansai Nerolac. → Read More
What are meme stocks? Why are they trending on the US stock market?
Meme stocks are US-based stocks whose share prices rise instantly because everyone on the internet is talking about them and hyping them up, unlike normal stocks. This includes stocks like Bed Bath and Beyond, AMC Corporation, and GameStop Corp, whose share prices have risen by over 20% in the last 5 days. → Read More
What is intraday trading in the stock market?
Intraday trading refers to trading in shares on the same day before the market closes and making a profit out of the day's fluctuating prices. → Read More
You need to pay more for hotel and hospital rooms now, thanks to GST rate hike. See the list
The hiked GST rates that came after the 47th GST Council meeting will make your wallets lighter. Essential services like hospital and hotel room accommodations, prepacked and labeled food items, cheque books and LED lamps will become expensive. → Read More