Business Short News

• Insurance is a contract which protects insurers from financial loss. It forms a part of risk management and is used primarily as a hedge against the risk of loss or contingency.
• A mutual fund is a type of investment tool which is made up of a pool of money which are collected from various investors.

Banking stocks with exposure to telecom operators declined as the AGR verdict poses threat of mounting non-performing assets (NPAs). Shares of IndusInd Bank and IDFC Bank hit new 52-week lows of Rs 1,777.60 and Rs 39.75, respectively. RBL Bank was down by nearly 3 percent, Axis Bank 2 percent, HDFC Bank 2 percent, Federal Bank 1.6 percent, and SBI 2.5 percent.

• One of the best ways to cash in on the entrepreneurial surge is the trending online flower business.
• It is considered as one of the best business as it does not require a heavy capital investment to begin with and is considered as a gender-neutral business.
• Today's entrepreneurs have changed the way things are bought and sold.

Walmart-owned digital wallet company PhonePe has rolled out ATM service that would enable its customers to exchange digital money or wallet balance for ready cash. The facility can be availed via the 'withdraw' button on the PhonePe mobile app. The company has already conducted pilot project in NCR region and now the launch shall be across a network of 5 lakh shops.