What is an Income Statement? An income statement is a financial statement that summarises the revenue and expenses of a business. Additionally, it indicates if a business is profitable or not during a specified time period. Usually, the Income statement will be for 1 year, but you can also find quarterly and semi-annual statements. Along […]
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Business Introduction: Yes, Bank Limited is a private sector bank. Yes Bank provides banking services to businesses and institutions, including corporate and institutional banking, financial markets, investment banking, corporate finance, wealth management, etc. Yes Bank was founded in the year 2004. Currently, it is India’s 7th largest private bank in terms of total assets, ranking
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Introduction: You might have heard the word Metaverse. It is getting quite a traction nowadays. Basically, Meta is a Greek word that means “beyond” and “verse” is something like the universe. So, metaverse means beyond universe or something like digital universe which is beyond reality, outside the reality into the “digital space”. So, let’s get
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Indian Banking Sector: India’s banking system, according to the Reserve Bank of India (RBI), is adequately capitalized and well-regulated. The country’s financial and economic conditions are significantly superior to those of any other country on the planet. Credit, market, and liquidity risk analyses indicate that Indian banks are generally resilient and have fared well during
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Cement Sector Introduction: India is the world’s second-largest cement producer. It accounts for more than 7% of all installed capacity worldwide. India has enormous development potential in the infrastructure and construction sectors, and the cement industry is projected to benefit significantly from it. Recent initiatives, such as the establishment of 98 smart cities, are expected
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Intorduction: Income tax is a direct tax that a government levies on the income of its citizens. In India, we segregate our income into 5 heads. That is Salary, House Property, Profit & Gains from Business or Profession, Capital Gains, and Other Income. And, in order to benefit those paying tax, and indirectly promote certain
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Why we own Gold? I have always been fascinated with gold and to some extent to silver. Since medieval times, we have been using gold as a mode of currency. Hence, it is termed as god’s money. Gold is something that’s very precious and is also available in rare abundance. As per expert calculations, we
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Finding Financials: We are heading towards the age of data. You might have heard the phrase, “Data is the new oil” and it’s not a coincidence that Mr. Muskesh Ambani came into Jio and started the Internet revolution that we experience today. It’s all for the Data. Data, Information, knowledge. What I’m saying here is… When it comes
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Business Introduction: Sapphire Foods India is the largest franchisee of the YUM brand on the Indian subcontinent by revenue as of FY’20. Additionally, it is Sri Lanka’s largest international quick-service restaurant chain in terms of revenue for the fiscal year 2021 and restaurant count as of March 31, 2021. The firm owned and operated 204
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Business Introduction: One 97 Communications Ltd (PayTm), founded in 2000, is India’s leading digital ecosystem for consumers and merchants. The company had 333 million+ customers and 21 million+ registered merchants as of March 31, 2021, to whom it provides payment, finance, commerce, and cloud services. In 2009, the company launched India’s first digital mobile payment
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