The lady in the picture with Jack. Ma is Tong Wenhong. She joined Alibaba Group 16 years ago as a receptionist. When Jack Ma was allocating company shares, he gave Tong 0.2% shares right saying it will worth 100 billion when Alibaba goes public into the market later. He asked her to just stay in the company, don’t change to other companies and she will get 100 million when Alibaba goes public.   Tong waited years after years but Alibaba never went public. She asked Jack when will Ali...

With the latest findings from TransUnion CIBIL Industry Insights Report (TransUnion), it seems Indian consumers have become aggressive with the use of credit cards in routine life. The consumers have developed an appetite for shopping, booking for holidays and borrowing by swiping a credit card. This is because TransUnion report indicate that credit card usage has hit an all-time high.   As per TransUnion third quarter 2018 report, Indians have 3.69 crore credit card accounts, outstanding ...

The sheen of gold has always been irresistible to Indians. We’ve been historically inclined to acquire gold jewellery in the belief that it is symbolic of high economic status. It was also considered prudent, at one time, to invest in gold. However, with recent fluctuations in gold prices, it is natural to wonder if the hallowed yellow metal is still a good choice for investors. The ideal alternative to investing in gold is real estate investment. Take a look at how they compare across variou...

Understand how your Credit Score facilitates the loan application process Loans have made our life easier, providing us the financial leverage that extends beyond our earnings. Be it Credit Card, Home Loan, Personal Loan or Auto Loan etc. loans are the credit extended to us by lenders on fulfilling certain key parameters. However, getting a loan in India can often be a tedious process for the un-initiated, but not for individuals with a good credit score. Whenever you apply for a loan, banks...