Qualified Institutional Placement

Qualified institutional placement (QIP) is simply the means whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares to a Qualified Institutional Buyer (QIB). Apart from preferential allotment, this is the only other method of private placement. However, it scores over … Read more

Reasons For Gas Reward Credit Cards

When you are in the need of a credit card for yourself or for a loved one you may want to start to check into some of the different credit cards that offer you some kind of a gas reward program. You may be a little hesitant in seeing what some of the credit card … Read more

Saving Habits that show results

Are you living beyond your means? Are you earning well but still don’t seem to be saving enough. Have you ever thought of how to save most of the money you earn? Adopt the following saving habits and you’ll be laughing all the way to the bank in no time. Everyone looks for tips on … Read more

Four Things You Can Do To Get Out Of Debt

Problem debt is rampant throughout America. In addition to mortgages and auto loans, the average household in the U.S. has nearly $10,000 in credit card debt. As the major credit card companies have recently doubled their minimum payment requirements, now is a good time to outline the various options available to most consumers who have … Read more

5 Things You Can Do To Get Out Of Debt Legally

Most people tend to ignore their financial situation until it becomes a huge problem. Realizing that they are in trouble, most often they turn to others for a solution to their situation. More often than not, they look for help at debt consolidation companies which in my humble opinion just worsens their situation. When you … Read more

UTI mutual funds to merge equity schemes

UTI Asset Management Company (UTI AMC), one of the largest fund houses in the country, is planning a mega merger of the equity schemes in its portfolio. The process is likely to be kicked off in the current financial year. Speaking to TOI, UTI MF chairman & MD U K Sinha said the organisation currently had too many … Read more

A Layman’s Guide To Reverse Mortgage

What is reverse mortgage? Increased life expectancy has lead to the increase in the costs of living and medical expenses. This makes it difficult for many senior citizens that lack a regular income to live a life of dignity. Reverse mortgage is the solution introduced by the Union Government of India in 2007 helps senior … Read more

Credit Card Debt Consolidation Tips

1. Paying More Than the Minimum As you’ve probably summarized, paying only the minimum due on a card is a surefire way not to succeed. Many issuers require you to pay only 2 percent of your current balance. So why do so many consumers make only minimum payments? In behavioral economics, part of the reason … Read more