Opinion | Danger signals from an esoteric corner of finance

King dollar is rising. Other currencies are falling like ninepins. But to gauge the impact of this surge on Asia, you have to move beyond spot exchange rates and into an esoteric corner where tens of trillions of dollars of off-balance-sheet debt lives in the accounting footnotes of banks, investors and even central banks. That corner is currency swaps. These are deals in which parties exchange funds from one currency into another and reverse the trade, say, five years later. Every three or six months, each earns a benchmark money-market…

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Sustainable travel has an image problem. Let’s fix it

Sustainable travel is described as the hottest trend in the travel industry. Around the world, businesses ranging from high-end properties to mass tour operators recognize that offering sustainable choices is essential to ensuring that destinations are protected and continue to generate income. In India, too, travel companies like SOTC and Thomas Cook have added to their sustainable travel offerings over the past year. Despite this, sustainable travel seems to have an image problem. Travellers often don’t know how it is defined, or what it can involve. According to a 2019…

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An open letter to finance minister Nirmala Sitharaman

Dear Madam Finance Minister, Welcome to the exciting world of finance that you have just taken charge of. I have covered this space as a beat reporter for 25 years and so I am taking the liberty to give a glimpse of this sector as I see it. First, my biases: I have a gender bias and I am truly happy that India has her first woman finance minister (the only previous instance was more a part-timer). Not just me, but even men say women bring more sincerity, honesty,  integrity…

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Ticketmaster put an end to screenshots with new digital ticket technology

Ticketmaster is turning to new technology to help fight ticket fraud. The ticketing giant today unveiled its next-generation digital tickets, “Safetix,” which are tied to the ticket holder’s mobile device through an encrypted barcode that automatically refreshes every few seconds. The tickets will also support NFC technology, allowing fans to enter venues through a “tap and go” experience. The company says ticket holders will later this year be able to add their contactless ticket to Apple Wallet, so they can enter a venue with their iPhone or Apple Watch. This…

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An MBA or a master’s in finance? Breaking down the debate dollar by dollar

It’s a question that elicits plenty of responses with seemingly nothing close to a consensus answer. Some believe that a master in finance has trumped a two-year business degree as the key qualification for getting a front-office job in banking or other high-paying roles in financial services. Others still see an MBA as the bigger differentiator. The truth is, judging simply by the numbers, it’s all about how much time and money you are willing to invest upfront. An MBA requires a much bigger down payment in all aspects, but…

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Technology as an enabler in the social sector

There are hundreds of NGOs in India that are striving to make a measurable impact for the greater good. But running an NGO comes with a number of challenges – of which raising funds is a major one. Other issues linked to this are getting volunteers on board and maintaining a long-term relationship with them. Unfortunately, this sector has lacked substantial transparency, and not all NGOs are involved in serious work with large-scale impact. Technology has helped organisations take a step in the right direction and has enabled ease of…

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Samsung Offers an Adapter to Use Galaxy Note 9 With Gear VR; Gear VR Successor Also Apparently in Works

Samsung Galaxy Note 9 users need to reach out to customer support to get the free Gear VR adapter. HIGHLIGHTS Samsung Galaxy Note 9 users have been offered with an adapter The adapter allows buyers to use Galaxy Note 9 with the current Gear VR Meanwhile, the Gear VR successor is also apparently in development Samsung Galaxy Note 9 has received an adapter that will help you easily use the phablet with the Gear VR. The adapter essentially makes the Gear VR compatible with the Galaxy Note 9, which doesn’t have dimensions…

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Have an idea for a startup but not sure where to start? These online classes can help.

Everyone and their mother has an idea for a startup, but the impressive part is getting it off the ground. Luckily, there are a few critical skills that will help you succeed in the startup world no matter which industry you plan to disrupt. The Startup School Bundle, which is just $40 right now (a massive 97% discount) offers ten courses that can help you learn essential skills for any field. Generating Ideas Most ideas for startups and apps are pretty vague, and just about everyone has a plan for “the Uber of…

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Why Angel Investors Should Have an Investment Thesis

Few angel investors have investment theses, short summaries of the person’s strategy for what kinds of startups he or she will fund. Fewer still have these theses written down in a form that can be shared with others. That’s a mistake. Angels should have clear, written investment theses. Having them imposes discipline on their investment selection and facilitates communication with entrepreneurs and other investors. Venture capitalists all have investment theses, which they need to raise money from their limited partners. Because venture capitalists have a fiduciary duty to invest the LPs’ money…

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Take an offbeat trip. Visit a mammoth active volcano in Chile

From the peaks of Hawaii to the uplands of Iceland, whether they be active or dormant, volcanos inspire the imaginations of travellers. There are volcanic destinations for every type of vacationer. One such place to visit is the Patagonian Cordillera and Villarrica, which is the most active volcano in Chile. A country with many volcanoes, Chile is notably home to Villarrica, which overshadows the lake of the same name. Located in Patagonia, a region that attracts many visitors, and rising to 2,847 metres above sea level, the mammoth volcano is one…

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