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MOONLIGHTING

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  Yet another new term was introduced, “ Moonlighting .” What is it? How are we affected? Where is this going to take us? Let me answer all your questions. Suppose you are working for a company as an employee, and you feel you are left with some time that can be utilized by working for another company to make more money. Or even if you are engaged fully in a job but still manage to work for two or more companies to make more money. You qualify to be called Moonlighting because you are breaking a signed bond during the initial phases of joining, where it says that you can not engage yourself to work for any other firm or competitor. When? Try reading the appointment letter. You will know. Don’t you think it’s a crime? No! Then it would help if you bore the consequences. Wipro terminated 300 employees who were involved in working with their competitors. Followed by TCS, Infosys, and IBM, stating it’s an unavoidable crime. Though we have companies like Tech Mahindra with fewer layoff ...

Good News or Bad News for Share Traders

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  Good News or Bad News for Share Traders Brokers won't be getting any more interest on the money that we keep in their bank or wallet   SEBI (Security and Exchange Board of India) is working towards providing a new payment system to Share Traders that will help you keep your money with you until you possess your booked IPO slots or Stocks. That means you don't need to deposit the funds in the broker's account and wait for the stocks to be available. Isn't it good?   Brokers won't be getting any more interest on the money that we keep in their bank or wallet. As per the current system, we move our money from our bank account to the broker's bank account. Only the money is used when the IPO slots are available, though not all of the capital. There is still some money of us left in the broker's account. This helps brokers to earn interest on money that is not even theirs.   'We are now actively engaged in the ASBA (Application Supported ...