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NEED TO REJIG THE FINANCES DUE TO THE CURRENT PANDEMIC
“Beware of little expense; a small leak will sink a great ship.” A wonderful quote by Benjamin Franklin completely fits the current scenario. Until January 2020 when news about coronavirus began to circulate, no one would have thought that the spread of virus could have a long-term serious impact on…
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Decoding Franklin Templeton crisis
Franklin Templeton is USA based Multi-national company and India’s ninth largest mutual fund house. It has total $698 billion assets under management. On 23 rd April 2020, in a big blow to its debt fund investors, it has announced winding up of 6 of its debt fund schemes namely, Franklin…
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A strike of globalization
Last week Facebook, headed by Mark Zuckerberg, announced that it is investing Rs 43,574 crores into Reliance Jio, headed by Mukesh Ambani for 9.99% stake. With a large customer base in India, 388 million customers for Reliance Jio, 400 million customers for Whatsapp and 300 million customers for Facebook make…