MONEY GENERATES MONEY

Facebook May launch it's own cryptocurrency!  After reports surfaced that facebook  is creating a new blockchain  group, fresh media reports have claimed that the social networking giant is also exploring the creation of its own cryptocurrency  According to the tech website Cheddar, Facebook is "very serious about it". However, "people familiar with the matter said the social network doesn't have plans to hold a so-called initial coin offering (ICO) by offering a limited number of virtual tokens for the public to buy at a set price," the report said late Friday. Facebook has over two billion users globally and launching cryptocurrency will allow them make payments using a virtual currency like bitcoin  "I'm setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch," David Marcus, currently the executive in-charge of Facebook Messenger, said in a post. In a statement later, Facebook...

Australia is one of the strangest and most unique destinations on the planet - Fact! From  bizarre Aussie Laws  that some say still exist to this day, to down right weird wildlife, Australia is definitely one of a kind. Some of these Australia facts you may have heard before but I bet there'll be a few surprises! So here are some weird or interesting facts about Australia . Australia has the world’s longest golf course measuring more than 850 miles long Australia is home to 21 of the world’s 25 most venomous snakes Perth is the only city in the world which can have aircraft land in its CBD The wine cask ( Goon !) was invented in Australia (obviously) Australia is even bigger than you think it is. It's almost the same size as mainland USA The largest cattle station in the world is located in Australia and it's bigger than Israel Australia is ranked second on the Human Development Index which takes into account a long and healthy life, knowledge and a...

Top 3 stocks which are going to perform well in upcoming weeks! Karnataka polls, macroeconomic data, fourth quarterly earnings, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will dictate trend on the bourses next week. On Monday, pharma stocks will be in focus as they will react on Donald Trump’s statements on pricing policies. Karnataka will go for polling on 12th May to 15th May. Its exit polls and result will drive Indian market. Among corporate earnings, HUL will announce 4QFY18 quarterly results on Monday, 14 May 2018. LUPIN will announce January-March 2018 quarterly results on Tuesday, 15 May 2018. ITC, Hindalco And Tata Steel will come out with Q4 results on 16th May. Bajaj group’s financial arms Bajaj Finance and Bajaj Fiserv will declare their quarterly results on 17th May while Bajaj Auto will come out with results on 18th May. On the macro front, the movement of rupee against the dollar and cru...

Jaypee Infra faces liquidation as resolution eludes realty company!  NEW DELHI | MUMBAI: The threat of liquidation  hangs over Jaypee Infratech   after the Interim Resolution Professional (IRP)   told the Supreme Court  on Friday that the bankruptcy resolution process at the debt-laden realtor had failed to stitch together a revival plan before the clock ran out. According to the Insolvency and bankruptcy code,  2016, a resolution plan must be finalised and approved within 270 days of a company’s admission to the National Company Law Tribunal: That deadline ended Saturday. The development at the apex court follows the committee of creditors’ decision, earlier this week, to reject the highest offer from Lakshadweep, a joint venture between Suraksha Asset Reconstruction and Mumbai builder Dosti Realty. Jaypee Infratech is a prominent realtor with extensive presence in the Delhi suburbs of Noida and Greater Noida. To be sure, ...

93 percent of H-4 visa approved work authorisation from India ! WASHINGTON: A staggering 93 per cent of the total H-4 visa holders in the US having work authorisation are from India, a latest Congressional report on the spouse visa has said. Over one-fifth of the H-4 visa holders with work authorisation live in California, it said. Ninety-three per cent of granted applications for employment authorisation were issued to women; seven per cent to men, according to the report on H-4 visas by the independent Congressional Research Service of the US Congress, which prepares periodic reports on issues of interest to US lawmakers. Ninety-three per cent of approved applications for H-4 employment authorisation were issued to individuals born in India, and five per cent were issued to individuals born in China. Individuals born in all other countries combined make up the remaining two per cent of approved applications," CRS said in its nine-page report. As of December 25, 2017, US Cit...

Investing in mutual funds for 25- 30 years of retirement! Wealth preservation is critical when a person is approaching retirement, especially since the span of retired life for an average person has gone up to 25-30 years. That’s the word from the mutual fund expert Suresh Sadagopan, founder of Ladder7 Financial Advisories. Allowing for differences in the ability to absorb risk, a retirement portfolio should have about 40 percent invested in equity, Sadagopan said on BloombergQuint’s weekly series,  The Mutual Fund Show . “It also depends on the kind of person, and also the expenses and goals on retirement,” he added. According to independent investment adviser Harsh Roongta, it is very important to allocate to a ‘fun fund’ or a ‘buy an iPhone fund’. “Planners have the reputation that they don’t spend anything now and save. That’s not the purpose,” he said. Here are edited excerpts from the interview. Do you advise clients according to their age group? ...