In the 1970s, whenever an Indian working in the Gulf came home on his annual holiday, he would carry a bunch of bank demand drafts (DDs) drawn on different banks, along with the usual gifts. The DDs were meant for the families of his friends.
Mumbai-based industrialist Harit Trivedi bought his first vintage car in 1979 for Rs 7,000. Today the car’s estimated value is about Rs 15 lakh. His second car, purchased for about Rs 10,000, costs about Rs 25 lakh today.
A group of friends are having dinner at an upmarket restaurant. During which, they post pictures of one another, the food and the restaurant's decor on their respective Facebook timelines, using smartphones.
The season of sale is on. It's not uncommon to see online retailers announcing "minimum 90 per cent off" or "flat 70 per cent off". Some deals are available for Rs 1 and coupons worth Rs 10,000 if you sign up.
Rahul Singh has a well-diversified investment portfolio. He has followed financial planning principles to the core, and has always invested with a goal in mind. His next big goal: funding his son Vihaan's higher education.
Retail investors start flocking to the market when it creates new highs. To tap such investors, brokerage houses come up with attractive propositions. These intermediaries will charge customers brokerage fees only if they make profit.