Vauld’s Business Model Vauld is a Singapore-headquartered crypto company that announced fixed deposits against cryptocurrencies, just the last year. However, now the company has released a statement that it is suspending all withdrawals, deposits, and trading in cryptocurrencies for its users. In October 2021, Vauld advertised automatic crypto investments through fixed deposits with a super-high […]
Legal Entity Identifier The Legal Entity Identifier (LEI) code is a key measure to improve the financial data systems for risk management. LEI code is designed to identify and link parties to financial transactions. The goal is to improve compliance with regulatory reporting requirements. The Global LEI System (GLEIS) was set up to address the […]
Auto and Finance Stock Indian stock markets are facing their worst burnt, amid global uncertainty, inflation woes, rising bond yields, supply chain constraints, and rising interest rates in the US. The stock markets have tumbled in the past weeks and many see a further downside to the same. However, analysts are bullish on two sectors […]
Indian Telecom Since 2020, Google has poured USD 4.5 billion into Reliance’s Jio Platforms and USD 1 billion into India’s second-largest telecom provider Bharti Airtel as part of its USD 10 billion India Digitization fund. The outpour of money into Indian telecom companies comes as a surprise, however, Google has its motives to do so. […]
Corporate Borrowings According to the CareEdge report, bank credit has increased by INR 14.1 lakh crore over the past 12 months. The outstanding liquidity surplus has fallen from INR 4.3 lakh crore to INR 3.3 lakh crore in merely two weeks, from June 3 to June 17. Several prominent business houses of India have taken […]
Section 194R Introduction Many companies often transfer benefits arising out of sales or services directly to their agents. It is a common practice for many corporates to gift cars, trips, laptops, mobiles etc. to their stakeholders for achieving targets or as incentives. These people may be selling agents, sales personnel, contractors, marketing companies, etc. These […]
