HENCY R SHAH AND ASSOCIATES

  Twitter Free Bird or Caged by Elon Musk?? "The bird is freed," Musk said in a tweet after taking control of the social media platform. On late Thursday, Musk completed the $44 billion takeover on the eve of a court-appointed deadline to seal his on-again, off-again deal and immediately fired its Indian-origin CEO  Parag Agrawal , as well as the company's other top executives. Chief financial officer Ned Segal and legal affairs and policy chief Vijaya Gadde were also among those who were fired by Musk. "The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk wrote, in an unusually-long message for the billionaire  Tesla  CEO who typically projects his thoughts in one-line tweets. He continued: "There is currently great danger that social media will splinter into far right-wing and far l...

  Different forms of GOLD to invest in Gold prices have rallied over 40% in the last year. As the world was grappling with uncertainty surrounding the COVID-19 pandemic, demand for the asset class rose rapidly due to its perception as a safe haven. Here are the different forms in which you can invest in Gold. Physical Gold One of the oldest ways to own gold is to buy it physically from a nearby jewellery shop. We Indians surely do love and cherish possessing gold. But keep in mind, that buying jewellery should not be construed as an investment. This is so because the making charges on jewellery can be as high as 25% in some cases plus GST which cannot be recovered on resale. Also owning physical gold has safety and storage concerns associated with it. Gold ETF It is an exchange-traded fund with physical gold (99.5% purity) as the underlying asset. These ETFs are listed on an exchange like NSE or BSE where they can be bought or sold. The benefits of investing in gold ETF...

 Moonlighting ethically Valid or not?? IT major Wipro recently fired 300 employees for moonlighting, the term used for working with other companies at the same time. What is moonlighting? Moonlighting refers to working additional shifts or jobs outside one's regular job, usually without the primary employer's knowledge. Companies have opposed the practice, claiming that having staff perform multiple jobs impacts their productivity. Working from home became the norm during the COVID-19 pandemic, allowing employees to take up additional work assignments. Same competency, double delivery. Two different laptops, same WiFi, catering to two different clients — all from the comfort of own home, in own hometown. It was impossible to catch them. Then who caught them? revealing the secret method companies apply to catch moonlighters. The most innocent looking, unassuming —provident fund contribution was the reason the employees were identified. A provident fund (PF) is a government retir...

  Tokenization of debit and credit cards The RBI has directed payment aggregators, wallets, and online merchants (other than card issuers/card networks) not to store any sensitive card-related customer information, including full card details. As a result, the card numbers can be replaced with a ‘token’. The RBI mandate would take effect on October 1, 2022. According to the RBI, this development will make card transactions more secure.     What is Tokenization? Tokenization is the process of replacing a card’s 16-digit number on the plastic card with a unique alternate card number, or ‘Token’ which shall be unique for a combination of card, token requestor, and device. Tokens can be used for online transactions, mobile point-of-sale transactions, or in-app transactions. This token contains no personal information that can be directly accessed and keeps changing making it the most secure method to complete payments. Here’s how to generate your token The...

 Festival Sale: Trend or Trap? The festive season is almost here, and with this, it brings festive sales. E-commerce giants have announced Festival sale, one of the biggest annual sales that the company hosts each year. They are offering discounts, exchange offers, no-cost EMI options and more across a wide range of products. Sale results in impulsive buying. In addition, GenZ consumers, young millennials, and first-time credit borrowers, who are typically overlooked or underserved by traditional banks, choose Buy Now Pay Later since it is so easy to acquire credit but BNPL service must be used with precautions otherwise it will lead to a debt trap when a person is unable to pay the amount. BNPL has become popular among millions of young consumers who are short on cash and don’t have a standard credit card. In India, several online retailers and financial institutions provide short-term financing options, making it a practical substitute for credit cards.   Di...