Finance

In the dynamic realm of international consumer brands, financial acumen serves as the compass guiding companies through turbulent market waters. At the forefront of this critical field stands Jaimie Lowe, an accomplished executive whose career exemplifies the fusion of fiscal expertise and visionary leadership in global business.

A series of influential roles at world-renowned corporations mark Lowe’s professional journey. Her tenure at Unilever saw her ascend through the ranks, ultimately assuming the position of Chief Financial Officer for the Beauty & Personal Care Channel. As Global Controller, she orchestrated industry-acclaimed growth initiatives and cost-saving programs, leaving an indelible mark on the company’s financial landscape.

At Danone, Lowe further honed her reputation as a vanguard of financial innovation. Serving as Chief Financial Officer for global digital finance, business intelligence, data, and technology, she charted the company’s course through the digital frontier, fostering a culture of technological embracement. Her oversight of global cycles, procurement, and sustainability showcased her ability to harmonize fiscal objectives with ecological stewardship.

Lowe holds the pivotal position of Senior Vice President at Tyson Foods, where she wields her expertise across four critical domains: Corporate Financial Planning and Analysis, Treasury, Investor Relations, and Risk Management. In this multifaceted role, she provides the analytical foundation that underpins the company’s strategic decision-making processes, ensuring Tyson Foods maintains its competitive edge in the global marketplace.

Lowe’s unique blend of financial acumen, technological insight, and international perspective sets her apart. A native of Australia, she has traversed the globe, living and working in Europe, the USA, and Asia. This global exposure has cultivated a worldview that proves invaluable in navigating the complexities of diverse markets. Her linguistic prowess—fluent in English and Chinese, with a working knowledge of French—facilitates seamless communication across cultural boundaries.

Lowe’s academic credentials underscore her commitment to excellence. She holds a Bachelor of Business focusing on Accountancy and an MBA from Queensland University of Technology, complemented by her status as a Certified Practicing Accountant. This robust educational foundation, coupled with her extensive professional experience, equips her to tackle the most intricate financial challenges facing global enterprises today.

Lowe has consistently championed a forward-thinking approach to financial management throughout her career. She advocates for data-driven strategies and cutting-edge technologies to enhance operational efficiency and drive growth. Her tenure at Danone, where she played a pivotal role in advancing the company’s digital transformation, is a testament to her innovative mindset.

Beyond her technical proficiency, Lowe is recognized for her unwavering commitment to creating shared value. She consistently seeks opportunities to align business objectives with broader societal benefits, embodying the principles of sustainable and inclusive business practices. This philosophy is evident in her work on sustainable sourcing initiatives and her efforts to develop growth-oriented financial instruments that support strategic expansion while considering environmental and social impacts.

Lowe’s influence extends beyond the boardroom. Since 2017, she has dedicated herself to mentoring and coaching, sharing her knowledge to nurture the next generation of business leaders. Her involvement in initiatives such as financial literacy and social self-esteem coaching for young women underscores her dedication to fostering inclusive economic growth.

As the global business landscape continues to evolve rapidly, leaders like Jaimie Lowe play an increasingly critical role in shaping the future of consumer brands. Her ability to balance financial prudence with innovation, coupled with a genuine commitment to sustainability and inclusivity, sets a new benchmark for leadership in the industry.

Lowe’s journey from Australia to the upper echelons of multinational corporations inspires aspiring business leaders worldwide. Her success story underscores the importance of adaptability, continuous learning, and a global perspective in today’s interconnected business environment.

As she continues to make her mark in finance and consumer goods, Jaimie Lowe stands as a beacon of visionary leadership. Her approach to financial wellness and shared value creation drives business success and contributes to building a more sustainable and equitable global economy. In an era where financial stewardship must be balanced with social responsibility, Lowe’s career serves as a roadmap for the future of corporate leadership, illuminating the path toward a more prosperous and inclusive business world.

In today’s dynamic financial landscape, planning for the future is crucial for every investor. A Systematic Investment Plan is an effective way to invest in mutual funds regularly, but understanding how much to invest and what returns to expect can be daunting. This is where a SIP calculator becomes an invaluable tool. By using a SIP calculator, investors can easily project their investment growth over time, allowing them to set realistic financial goals. Additionally, many investors now turn to a SIP app for convenient access to these calculators and investment options, making financial planning more manageable than ever.

Why invest in SIP app or calculator?

One of the key reasons every investor should utilize a SIP calculator is its simplicity. It allows users to input their monthly investment amount, the expected rate of return, and the investment duration to generate potential returns in seconds. This straightforward process takes the guesswork out of investing, enabling users to visualize their financial future clearly. A SIP app enhances this experience by providing a user-friendly interface that allows investors to calculate their SIP returns on the go, ensuring they can make informed decisions anytime, anywhere.

Get better financial discipline

A SIP calculator facilitates better financial discipline. By determining how much to invest monthly and the potential returns, investors can create a structured approach to meet their financial goals, whether it’s saving for a home, retirement, or a child’s education. When paired with a SIP app, this discipline is further reinforced, as users receive reminders and updates about their investments, encouraging consistent contributions and helping them stay on track toward achieving their financial aspirations.

Check the power of compounding

Understanding the power of compounding is another essential aspect of investing that a SIP calculator illustrates effectively. With SIPs, investors benefit from the compounding effect, where their earnings generate additional earnings over time. By inputting different investment amounts and timeframes into the SIP calculator, users can see how even small, regular investments can grow significantly. A SIP app enhances this understanding by offering real-time tracking of investments, showing users how their money is growing and reinforcing the value of starting early.

Compare different options

A SIP calculator can help investors compare different mutual funds and investment strategies. By adjusting the parameters in the calculator, users can evaluate the potential returns of various funds based on historical performance. This comparative analysis is crucial for making informed choices about where to invest. Many SIP apps also provide access to a wide range of mutual fund options, making it easier for investors to diversify their portfolios based on their risk appetite and financial goals.

The final thoughts

Thus, every investor should leverage the power of a SIP calculator to simplify their financial goals. This tool offers clarity, encourages disciplined investing, and highlights the benefits of compounding. Coupled with a SIP app, it provides a comprehensive solution for managing investments and staying informed. As the financial landscape continues to evolve, utilizing these tools will become increasingly vital for achieving long-term financial success. Whether you are just starting on your investment journey or looking to refine your strategy, a SIP calculator and a SIP app are essential components of effective financial planning.

Simcha Hyman stands out in the bustling business world with his unique approach to productivity and personal development. His day starts early, usually around 6 AM, with a ritual setting the tone for what’s to come. “I’ll usually sit in bed for around 15 minutes and read a book,” Hyman shares. He is currently delving into the teachings of Osho, a spiritual guru from decades past.

Physical activity is a non-negotiable part of Hyman’s routine, whether a morning workout or a session later in the day. But before diving into the professional realm, he prioritizes family time. “Being present in the morning with my family is a value of mine,” Hyman emphasizes. This means sharing coffee with his wife and spending quality moments with his children before they head off to school.

As the clock strikes 8 AM, Hyman shifts into work mode. His days are a mix of calls, meetings, and city trips. When in the urban jungle, he makes time for fitness, working with a personal trainer, and even tackling the challenge of swim training, which he humorously describes as “very humbling.”

Interestingly, Hyman has recently moved away from digital task management tools. “I used Asana from 2014 till probably 2021 or 2022,” he recalls. However, he found that excessive technology needed to improve his focus. “I felt like the less I’m on technology, the more I have my brain back,” Hyman explains. Now, he swears by pen and paper for task lists and idea development.

This analog approach has transformed how Simcha Hyman brings ideas to life. He writes them down, discusses them with others, and if the concept resonates, he nurtures it further. “Writing helps me be productive,” he emphasizes, highlighting the power of the written word in his process.

Hyman’s take on productivity is refreshingly introspective. He makes a point to check in with himself at day’s end, assessing his accomplishments. “I went for many years being, like, 20x a very productive human, but not feeling like a productive human,” he reflects. This self-awareness has become a crucial element of his work ethic.

Regarding business growth, Hyman credits honesty as his secret weapon. “It’s better to deal with everything right away, so you can kind of always think forward and progress,” he explains. This approach has helped him avoid professional pitfalls and maintain open communication with colleagues.

Hyman’s journey hasn’t been without its challenges. He recounts his experience selling his first company in 2014, where he was spread too thin. “I worked myself too hard and burnt myself out,” he admits candidly. This experience taught him the invaluable lesson of hiring the right people and delegating effectively.

Hyman recommends aspiring entrepreneurs gain a comprehensive understanding of various business components. He’s enthusiastic about the healthcare sector, noting its resilience during economic downturns and the diverse roles available beyond clinical practice.

Simcha Hyman is a firm believer in continuous learning. He’s an avid consumer of podcasts, with “All In” and Lex Fridman’s show topping his list. He finds inspiration in various topics, from friendship to cutting-edge technology. His reading list is equally diverse, spanning from “Tearing Down the Walls,” a biography of Sandy Weill, to the philosophical journey of “The Alchemist.”

Hyman’s approach to life and business is characterized by constant self-reflection, an insatiable appetite for knowledge, and a delicate balance between modern technology and traditional methods. His evolution from a hands-on entrepreneur to a CEO who values delegation and transparency offers valuable insights for anyone looking to climb the corporate ladder while maintaining personal well-being.

Hyman’s journey reminds us that success isn’t just about productivity metrics but about finding fulfillment in the process. His advice to “be checking with yourself that you’re productive” and to “play out your life like it was a movie” encapsulates his philosophy of mindful ambition.

Simcha Hyman’s unique blend of spiritual grounding, physical fitness, family values, and professional drive sets him apart as he continues to navigate the business world. His story is a testament to the power of self-awareness, continuous learning, and the courage to step away from conventional wisdom when it no longer serves its purpose. In a world increasingly dominated by digital solutions, Hyman’s embrace of analog methods offers a refreshing perspective on achieving success and personal satisfaction.

One of the most pressing questions for many individuals is whether it is possible to secure a personal loan without documents. Personal loans are a popular financial tool that can help individuals meet various expenses, from medical bills to home renovations. However, the conventional process of obtaining such loans usually involves submitting a range of documents. This blog explores the feasibility of getting a personal loan without documents in India and the alternatives available to borrowers.

Along with the documents, make sure that you use a personal loan interest calculator from Airtel Finance to understand how the loan EMIs will affect your monthly finances later on.

The Traditional Loan Process

Traditionally, securing a personal loan in India requires a considerable amount of paperwork. Lenders typically ask for documents such as proof of identity, address, income, and employment. This documentation helps the lender assess the borrower’s creditworthiness and ability to repay the loan. The process can be time-consuming and cumbersome, especially for individuals who may not have easy access to these documents or who require immediate financial assistance.

The Emergence of Digital Lending

In response to the demand for quicker and more accessible financial solutions, many financial institutions and fintech companies in India have introduced digital lending platforms. These platforms leverage technology to streamline the loan application process and minimize the need for physical documentation. Digital lenders often use alternative data sources and advanced algorithms to evaluate borrowers’ creditworthiness, reducing the reliance on traditional paperwork.

Paperless Loans: A Reality?

While the concept of obtaining a personal loan without any documentation might sound appealing, it is essential to understand the current landscape. As of now, most lenders still require some form of documentation to process a loan application. However, the process has become more efficient and less cumbersome due to digital advancements. Some lenders offer pre-approved loans or loans with minimal documentation, particularly for existing customers with a good credit history.

Digital Verification and KYC

One of the key innovations in the loan application process is the use of digital verification and Know Your Customer (KYC) processes. These methods allow lenders to verify the identity and creditworthiness of borrowers electronically, reducing the need for physical documents. For instance, Aadhaar-based e-KYC is a widely accepted method that helps in verifying an individual’s identity and address using their Aadhaar number. This process significantly speeds up loan approvals and reduces paperwork.

Challenges and Considerations

Despite the advancements, obtaining a personal loan without any documentation presents challenges. Lenders need to ensure compliance with regulatory requirements and mitigate the risk of fraud. As a result, while the documentation required has been reduced, it is not entirely eliminated. Borrowers should be cautious of lenders promising loans without any documentation, as these could be potential scams or predatory lending practices.

Alternatives and Solutions

For those who struggle with traditional documentation requirements, exploring alternative solutions might be beneficial. Some financial institutions offer loans with simplified documentation processes for specific customer segments, such as salaried employees or existing customers with a strong credit history. Additionally, peer-to-peer lending platforms and microfinance institutions may offer more flexible options for individuals with limited documentation.

Conclusion

In conclusion, while the notion of obtaining a personal loan without any documentation is not entirely feasible in India at present, the financial sector is moving towards more streamlined and digitized processes. The introduction of digital lending platforms and e-KYC processes has made it easier to access personal loans with minimal paperwork. However, borrowers should remain cautious and ensure they are dealing with reputable lenders to avoid potential pitfalls. As technology continues to evolve, it is likely that the loan application process will become even more efficient, reducing the documentation burden for borrowers in the future.

Portugal, com sua rica história e beleza natural, tem se destacado como um dos destinos mais atraentes para investidores imobiliários nos últimos anos. O país, que faz fronteira com a Espanha, encanta não apenas por suas vistas deslumbrantes para o oceano e ruas antigas cheias de charme, mas também por sua política fiscal favorável a estrangeiros. No entanto, mudanças recentes ameaçam alterar esse cenário promissor.

O programa de Residentes Não Habituais (NHR), implementado em 2009, foi um divisor de águas para a economia portuguesa. Oferecendo condições fiscais vantajosas para estrangeiros qualificados por um período de 10 anos, o programa atraiu um fluxo significativo de capital e talento para o país. Luis Horta e Costa, cofundador da Square View, uma desenvolvedora imobiliária e gestora de ativos em Lisboa, destaca o impacto positivo dessa iniciativa: “Os investidores estrangeiros não trouxeram apenas capital para Portugal. Eles trouxeram inovação e uma nova perspectiva que transformou nossa economia.”

O sucesso do programa NHR se refletiu diretamente no mercado imobiliário português. Cidades como Lisboa, Porto e a região do Algarve experimentaram um boom no setor, com a valorização de propriedades e o surgimento de novos empreendimentos. Luis Horta e Costa, que escolheu Lisboa como sede para sua empresa, tem sido um ator-chave nesse cenário, desenvolvendo projetos que mesclam o moderno com o histórico em locais estratégicos.

No entanto, o governo português agora considera encerrar o programa NHR já em 2024, uma decisão que preocupa especialistas como Luis Horta e Costa. “Se o governo eliminar o programa de impostos para residentes não habituais, um êxodo em massa de capital estrangeiro prejudicará o setor imobiliário português, o turismo e inúmeras outras indústrias”, alerta o empresário.

A possível extinção do NHR não afetaria apenas o mercado imobiliário. O programa foi fundamental para impulsionar diversos setores da economia portuguesa, desde o turismo até a tecnologia. Ricardo Marvão, outro empreendedor português, credita ao NHR o boom tecnológico sem precedentes que Portugal experimentou nos últimos anos.

Luis Horta e Costa enfatiza que o impacto vai além do econômico: “O programa NHR foi crucial para cimentar a reputação de Portugal como um local atraente, conhecido por ser aberto, acolhedor e progressista”. Sem os incentivos para atrair capital e talento estrangeiros, há o temor de que Portugal possa ficar para trás em relação aos seus concorrentes regionais.

O timing dessa possível mudança é particularmente preocupante, considerando que países vizinhos, como a Espanha, estão implementando programas similares. Isso poderia resultar em uma fuga de investimentos para destinos que oferecem condições mais favoráveis.

Para Luis Horta e Costa, o desafio agora é encontrar maneiras de preservar o fluxo de investimento estrangeiro, mesmo sem o programa NHR. “O mercado imobiliário português encontrou um novo vigor, graças em grande parte ao programa fiscal NHR. Seu término interromperá esse progresso”, adverte.

Olhando para o futuro, Portugal se encontra em uma encruzilhada. Os benefícios econômicos do programa NHR foram claramente demonstrados ao longo da última década, e substituí-lo representa um desafio substancial. Luis Horta e Costa acredita que preservar o investimento estrangeiro deve ser uma prioridade para os líderes governamentais.

À medida que o país navega por essas águas incertas, a indústria imobiliária e os investidores estrangeiros aguardam ansiosamente por novas diretrizes. O legado do programa NHR, independentemente de seu destino, já está escrito na história recente de Portugal como um catalisador de prosperidade e transformação econômica. Resta saber se o país conseguirá manter esse momentum sem os incentivos que o tornaram tão atraente na última década.

Opening a bank account can be tedious, involving a bunch of paperwork and visits to the bank branch. However, with the advent of technology and mobile banking, you can now open an online bank account instantly without stepping out through your phone!

IDFC FIRST Bank offers a fast and paperless way to open a bank account through its user-friendly mobile app. You can complete the account opening process digitally in simple steps. Read on to learn the benefits of choosing IDFC FIRST and how to open an account using the mobile app in minutes.

Why Choose IDFC FIRST Bank?

IDFC FIRST Bank provides a Mobile Banking Application offering various digital services to manage your finances; here are some key reasons to open your account with IDFC FIRST Bank:

• Altogether, Digital Account Opening: No need to submit physical documents or visit a branch.

• Paperless Process: Environmentally conscious digital process.

• Fast Tracking: Get your account activated within minutes.

• Zero Balance Accounts: Basic savings accounts have no minimum balance requirements.

• Top-Notch Security: Bank-level encryption and security protocols.

Step-by-Step Guide to Opening an Account

Follow these simple steps for instant online bank account opening IDFC FIRST Bank account through the mobile app:

1. Download the IDFC FIRST Bank Mobile App

Search for “IDFC FIRST Bank” on the Play Store or App Store and install the official app on your phone.

2. Launch the App and Select ‘Open a New Account’

Open the app, allow access permissions when prompted, and click “Open Account” on the home screen.

3. Enter Your Details

Provide essential information like name, contact details, email ID, birth date, etc. Proceed after ensuring all details entered are accurate.

4. Complete KYC Verification

Upload digital copies of your ID and proof of address. Then, complete instant video-based KYC verification by taking a live photo.

5. Set Up Your Login Credentials

Create a secure username and transaction password for seamless mobile banking access. Enable multi-factor authentication for enhanced security.

6. Review and Confirm Your Details

Do a final review of all your personal, KYC and contact information provided. Ensure everything is correctly entered before proceeding to application submission.

7. Submit Your Application

Accept the Declaration, Terms & Conditions and submit your account opening application.

8. Activate Your Account

Make the initial fund transfer to activate the account instantly. Minimum balance specifications shall apply for different account types.

Conclusion

Thanks to innovative mobile banking solutions from leading banks like IDFC FIRST, opening a bank account is now easier than ever. Its intuitive mobile app lets you open an account digitally in a few minutes. With just your phone and valid KYC documents, you can create a user-friendly, paperless account and instantly activate your savings/current account.

 IDFC First also offers robust security systems and a wealth of features, from online bill pay to insurance to simplified money management tools. So next time you need a new account, ditch the paperwork and long queues! Simply download the IDFC First Mobile Banking App and open your account conveniently, with an instant online checking feature and many more in minutes from wherever you are.

It only takes one successful phishing attempt on the part of an individual with malicious intent for you to lose access to the funds in your current account. Go through ten effective steps that you can take today to improve the security of your current account and reduce the risk of any similar type of cyberattack.

10 best practices to secure your current account

Here are the top ten best practices that can help you secure your online current account:

1. You must regularly check your current account’s activity: Banks generally inform customers immediately via SMS in the event of an unauthorised transaction using their bank account. You can review your bank account statements regularly to detect any discrepancies in your daily transactions. If you notice any suspicious or unfamiliar transactions, you should report them to your bank immediately.

2. You should update all the important information every few months: The information in question here includes details like your Aadhaar card information, your contact number and address, your PAN card details, etc. If you change your address or phone number, be sure to update it on the app or the bank’s website at the earliest.

3. Do not share your account information with anyone: While this might seem like a very natural thing to do, you must exercise caution at all times and avoid sharing any banking information with anyone. Cover your PIN while transacting at an ATM and look out for your card when you hand it (for instance) to a merchant at a POS station.

4. Create strong “passphrases” and keep changing them: Passphrases are phrases like “Mybankpassword100%”. These are easy to remember, easy to form, and they meet all the requirements of strong passwords. Be sure to keep changing your passphrases (for your mobile banking apps) from time to time.

5. Beware of phishing emails and money mules: Money mules are fraudsters who might try to lure you into revealing sensitive information about your bank account. This can be via a phone call, via an email (called “phishing”), or in person. You must avoid money mules and mark phishing mails as spam.

6. Use the bank’s official website while transacting: Fraudsters often replicate a bank’s website to lure customers into using them while making a payment. Be sure to use a bank’s official website while making a payment.

7. Avoid using any public Wi-Fi hotspots while making a payment: Doing so can significantly improve the security of your online transactions.

8. Ensure that your computer is secure and free from malware: You must also renew your computer’s antivirus (in case it has expired) and make sure that it doesn’t contain any malware before using it to make online transactions.

9. Sign up for banking alerts: Doing so can help you be notified about a suspicious/unauthorised transaction at the earliest.

10. Secure your offline documents and regularly review your security arrangements: You must also secure your offline documents by storing them in a locked place. You must shred any documents containing sensitive information before disposing them in a public place to avoid identity theft.

You will have secured yourself from a majority of online cyber attacks if you were to follow all the points mentioned in this article. While choosing an online current account, be sure to opt for a bank that prioritises online security and offers modes of secure log in on its mobile app.

Olugbenga “GB” Agboola, the innovative CEO of Flutterwave, is revolutionizing Africa’s financial landscape through his fintech powerhouse. Founded in 2016, Flutterwave has rapidly become a cornerstone of Africa’s digital payment infrastructure, addressing longstanding challenges in cross-border transactions and financial inclusion.

Agboola’s journey to creating Flutterwave was shaped by his diverse experience in the global tech and banking sectors. His time at institutions like PayPal, GT Bank, and Standard Bank across multiple countries provided him with unique insights into the complexities of African finance. Notably, during his stint at Google, Agboola contributed to developing a component of Google Pay that evolved into Google Tez for India, further honing his expertise in mobile payments.

The genesis of Flutterwave stemmed from Agboola’s frustration with the inefficiencies of inter-African banking. He recounts an instance where a significant telecom company struggled to pay its Nigerian staff due to banking limitations despite having sufficient funds. This experience highlighted the need for a third-party intermediary to facilitate smoother transactions across African borders.

Under Agboola’s leadership, Flutterwave has grown exponentially, achieving a valuation of $3 billion in its latest funding round. The company’s success lies in its ability to adapt to the diverse payment preferences across African countries. As Agboola notes, “We try to bring payments close to the people. We give people what payment method they’re very comfortable with.”

The Flutterwave CEO’s vision extends beyond mere financial transactions. He sees the company as an enabler of broader economic development in Africa. Flutterwave has partnered with international giants like Uber, supporting numerous local startups and small businesses. During the COVID-19 pandemic, the company demonstrated agility by launching an e-commerce platform, providing a crucial lifeline for small businesses.

Agboola’s pragmatic and respectful approach to navigating Africa’s complex regulatory landscape emphasizes treating each country’s regulations equally and recognizing that regulators understand their markets best. This strategy has enabled Flutterwave to expand its services across multiple African nations successfully.

Looking ahead, Agboola is optimistic about Africa’s fintech future. He believes the continent is primed for rapid technological leapfrogging, citing examples like Nigeria’s early adoption of chip-enabled payment cards before the US. He sees Flutterwave’s role in this evolution, potentially contributing to initiatives like the Pan-African Payment and Settlement System.

Agboola’s impact extends beyond Flutterwave. Recently, he was appointed vice chairman of the board of directors for the U.S. Chamber of Commerce’s Africa Business Centre. This role recognizes his contributions to strengthening economic ties between the United States and Africa.

The Flutterwave CEO’s philosophy centers on creating tangible value through technology. He emphasizes that Flutterwave’s goal is not just facilitating payments but enabling businesses that help reduce poverty and create value for their stakeholders. For instance, the company supports crowdfunding platforms for women-led community farming projects, illustrating its commitment to fostering economic growth at the grassroots level.

In conclusion, Olugbenga Agboola’s leadership of Flutterwave represents a transformative force in African fintech. By addressing the complexities of cross-border payments and fostering financial inclusion, Flutterwave is facilitating transactions and actively shaping the future of business in Africa. Agboola and Flutterwave are well-positioned to drive Africa’s economic transformation in the coming decades as the continent continues to embrace digital solutions.

The Indian stock market caters to all different types of economic backgrounds and financial goals. If you are beginning your journey of investing in the stock market with less capital, penny stocks can be an option to explore. Let’s understand what penny stocks are! 

Penny stocks are high-growth stocks of publicly listed small companies that are usually priced below ₹10. Since the fundamental data and analysis of these companies are either not available or not reliable, they are almost always considered to be high-risk shares. If you are looking for high-yielding short-term stocks, you can definitely opt for these penny stocks.

This blog lists the top 10 penny stocks available in India that are under ₹100.

Penny stocks, as the name suggests, are low-priced stocks issued by companies with low market capitalizations and are mostly traded at low volume. Similar to high-growth stocks, penny stocks are sought by investors looking for long-term appreciation and who are willing to take higher risks for potential higher returns. However, it must also be noted that penny stocks are mostly speculative in nature. Hence, thorough understanding and research about these stocks becomes imperative before investing.

This blog lists the top 10 penny stocks available in India that are under ₹100.

What are Penny Stocks

Penny Stocks are illiquid stocks that are usually priced very low. Some shares were priced less than a penny on the New York Stock Exchange, and hence, the term “penny stocks” was coined. 

These undervalued investments have primarily low market capitalization. These stocks are considered risky in nature due to their illiquid and inherent speculative nature. Moreover, there is also very little information available about these stocks for the public.

10 Penny Stocks Under ₹100

Source: NSE India

• Suzlon Energy Ltd

Suzlon Energy specializes in wind power generation and is a leading provider of renewable energy services.

• Bank Of Maharashtra

Bank of Maharashtra (BOM) is a public sector bank dedicated to the Indian state of Maharashtra. It offers a wide range of banking goods and services and financial instruments, like loans.

• GMR Airport Infrastructure Ltd.

GMR Airport Infrastructure Ltd. is a subsidiary of GEPL that develops, operates, and maintains airports. The company is well-positioned to capture the rapidly growing airport business in India. By implementing the innovative Aerotropolis concept in India, the company aims to develop distinctive airports in Goa, Hyderabad, and Delhi. It has also expanded its overseas footprints by acquiring airport development rights in Greece and Indonesia.

• Morepen Laboratories Ltd.

Morepen Laboratories Ltd. is a pharmaceutical company engaged in manufacturing, developing and marketing a range of branded and generic pharmaceuticals and health-based products .under its brand Dr. Morepen, which focuses on physical and emotional well-being. 

• MMTC Ltd.

Metals and Minerals Trading Corporation of India, commonly referred to as MMTC Ltd., is India’s leading international trading company. It has been in operation for around six decades. The company is involved in trading, exporting, and importing a variety of minerals, jewelry, gems and precious metals, coal, industrial raw materials, agricultural products, fertilizers, etc.

• Yes Bank

Yes Bank Ltd. is a leading private-sector bank that offers dynamic banking solutions.

• Vodafone Idea Ltd.

Vodafone Idea is a major telecom company in India that offers a variety of mobile services to people across the country. The merger was formed by a collaboration between Vodafone India and Idea Cellular. 

• Alok Industry

Alok Industry deals in the textile sector of India. They cater to different segments of textiles like technical, home textiles, apparel, etc.

• Dish TV India Ltd.

Dish TV is India’s leading and one of the most renowned television service providers. They offer television services and a wide range of channel varieties to their subscribers.

• UCO Bank

UCO Bank is a public sector bank that offers financial and banking services to the citizens of India. 

Benefits of Investing in Penny Stocks

• Penny stocks offer low-cost entry for new investors in the stock market.
• These stocks usually turn out to be high-growth stocks if chosen wisely.
• Penny stocks help you diversify your portfolio.
• Volatility can be seen as a disadvantage; however, it can present opportunities for short-term traders to earn high profits.

Disadvantages of Investing in Penny Stocks

1. They are highly volatile and low on liquidity
2. There may be a lack or limited information available about these stocks
3. They are highly susceptible to risks and may be speculative in nature

Bottom Line

Although penny stocks come with inherent risks of volatility and losses, they also offer some benefits, including high profits. Before investing in penny stocks, it is crucial to conduct thorough research not only about the stock but also about the industry and overall market.

You can always seek expert advice from SEBI-registered investment advisors to make a well-informed decision. Carefully assessing stocks and their journey is paramount.

Reference links:

Best Penny Stocks to Buy Now in India 2024 | Samco

Best Penny Stocks To Buy Now In India March 2024 – Forbes Advisor INDIA

10 Best Penny Stocks under Rs.100 in 2023 (binaryfinance.net)

Types of Stocks (investopedia.com)

Grammarly screenshot:

It is safe to say that instant personal loans have become a popular financial solution for many. These loans are designed to provide quick and easy access to funds without the lengthy approval process of traditional loans. If you’re considering applying for an instant personal loan, understanding the eligibility criteria is crucial. This blog will explore the typical eligibility requirements and provide specific details about personal loan Apply with Airtel.

Understanding Instant Personal Loans

An instant personal loan is a type of unsecured loan that provides quick disbursement, often within a few hours of approval. These loans are typically processed online, making them convenient for borrowers who need immediate funds for emergencies, travel, education, medical expenses, or other personal needs. The speed and ease of obtaining an instant personal loan make it a preferred choice for many.

General Eligibility Criteria for Instant Personal Loans

While specific eligibility criteria can vary between lenders, there are common requirements that most financial institutions consider when processing personal loan applications. Here are the key factors that lenders typically evaluate:

1. Age

Most lenders have a minimum and maximum age limit for personal loan applicants. Generally, the age range for eligibility is between 21 and 60 years. Some lenders may extend this range slightly, but it is essential to check the specific age criteria of the lender you are considering.

2. Employment Status

Employment status is a critical factor in determining eligibility for an instant personal loan. Lenders usually require applicants to have a stable job or a regular source of income. This helps ensure that the borrower can repay the loan. The criteria differ for salaried and self-employed individuals:

• Salaried Individuals: Typically need to have at least six months to one year of continuous employment with their current employer.
• Self-Employed Individuals: Usually need to demonstrate a steady income over the past two to three years.

3. Income

Lenders often have a minimum income requirement for personal loan applicants. This threshold varies depending on the lender and the loan amount. Higher income levels can improve your chances of approval and may result in better loan terms, such as lower interest rates. Lenders require proof of income, which can be in the form of salary slips, bank statements, or income tax returns.

4. Credit Score

Your credit score is one of the most important factors lenders consider when evaluating your loan application. A good credit score indicates that you have a history of managing credit responsibly and are likely to repay the loan on time. Most lenders prefer a credit score of 700 or above. However, some may approve loans for applicants with lower scores, albeit at higher interest rates.

5. Debt-to-Income Ratio

Lenders assess your debt-to-income (DTI) ratio to understand your existing financial obligations compared to your income. A lower DTI ratio indicates that you have a manageable level of debt relative to your income, making you a lower risk for lenders. Ideally, your DTI ratio should be below 40%.

6. Residential Stability

Lenders may also consider the length of time you have lived at your current residence. Long-term residence at the same address can indicate stability and reliability. Proof of address, such as utility bills or rental agreements, is usually required.

7. Documentation

Accurate and complete documentation is essential for a smooth loan approval process. Common documents required for an instant personal loan application include:

• Proof of identity (Aadhaar card, passport, PAN card)
• Proof of address (utility bills, rental agreement)
• Proof of income (salary slips, bank statements, income tax returns)
• Employment proof (employment certificate, business registration for self-employed)

Specific Eligibility Criteria for Airtel Personal Loan

Airtel offers a seamless and quick personal loan application process through the Airtel Thanks App. Here are the eligibility criteria for applying for a personal loan with Airtel:

1. Age

Applicants must be between 21 and 60 years old.

2. Employment Status

Applicants should be salaried individuals with a stable job. Self-employed individuals may also be eligible, but specific criteria regarding minimum income stability or threshold limit will apply.

3. Income

Airtel requires applicants to meet a minimum monthly income threshold, which may vary based on the loan amount and repayment capacity.

4. Credit Score

Airtel typically prefers applicants with a good credit score. While a score of 700 and above is ideal, applicants with slightly lower scores may still be considered based on other factors.

5. Documentation

Applicants need to provide:

• Proof of identity (Aadhaar card, passport, PAN card)
• Proof of address (utility bills, rental agreement)
• Proof of income (salary slips, bank statements, income tax returns)
• Employment proof (employment certificate for salaried, business registration for self-employed)

How to Apply for a Personal Loan with Airtel?

Applying for a personal loan with Airtel is easy and can be completed through the Airtel Thanks App. Here are the steps to follow:

1. Download and Install the App: You can download the Airtel Thanks App from the Google Play Store or Apple App Store.
2. Register/Login: Register or log in using your mobile number or required details.
3. Navigate to Loans Section: Open the app and go to the ‘Finance Service’ section.
4. Check Eligibility: Enter the required details to check your eligibility for a personal loan.
5. Choose Loan Amount and Tenure: Select the desired loan amount and repayment tenure based on your financial needs and repayment capacity.
6. Submit Documents: Ensure you upload the necessary documents such as ID proof, address proof, and income proof.
7. Apply for Loan: It is important to review all the details and submit your loan application.
8. Approval and Disbursal: Once your application is approved, the loan amount will be disbursed directly into your bank account.

Understanding the eligibility criteria for instant personal loans is crucial for a successful application. Key factors include age, employment status, income, credit score, debt-to-income ratio, residential stability, and accurate documentation. By meeting these criteria, you can increase your chances of securing a loan quickly and with favourable terms. Airtel offers a convenient way to apply for a personal loan online through the Airtel Thanks App, with specific eligibility requirements that are straightforward and transparent. Whether you need funds for an emergency, a special purchase, or consolidating debt, being prepared and informed can help you navigate the personal loan application process smoothly.