Lady Power

lady power www.businessgoa.in ayesha barretto “If I’m passionate about something, I will go all in for it and see it through to the very end” Radio jockey, singer, compere and writer, Ayesha Barretto speaks of the myriad things that she loves doing

By sybil rodrigues from live, on air calls taking A yesha Barretto had a typical childhood like everyone else in Goa. She studied at The Rosary High tudio R ight Click unexpected turns and keeping me on my toes mentally to interviewing unbelievable individuals both on air and School, Miramar till the 10th standard, did her higher secondary from Dhempe dric Geroge, S on paper and from the most bizarre song requests to the most inexplicable demands at College of Arts and Science ic: E events, I think I’ve probably and completed her graduation P seen and done them all! But from Sophia College, of course, the cherries on Mumbai with a BA in English top of it all are the amazing Literature. She went ahead people all my passion projects and pursued a post- graduate have allowed me to cross diploma in journalism from paths with and meet!” Dhempe College of Arts & Over the years, Ayesha has Science, before becoming a hosted various programs and professional Radio Jockey. shows, which have brought

Describing herself as a her in contact with tons of ‘tomboy’ who loved climbing people. “It’s not the programs trees, wearing shorts riding and shows that I remember; bikes and exploring deserted it’s the people. The people cemeteries, Ayesha elaborates who tell me that their outlook on what made her choose or behaviour has changed RJing as a profession. “It’s a because of a topic that I’ve funny story really! Growing discussed or a guest who I’ve up, my dad was away a lot, had on air; the people who being in the merchant navy; tell me that their night was and as such he would be away for long periods of time at a Ayesha Barretto made all the more special and memorable because I’d been stretch. Now, given his love Ayesha describes her early stone to getting to where she there; and the people who for music and the fact that he years in the profession as wanted. have turned from clients into wanted his kids to recognise both, tough and easy. Tough Ayesha is a writer, compere friends and then family! his voice when he returned, because radio stations hadn’t and a singer. She elaborates Ayesha’s initial choice to he started recording cassette opened up in Goa at that time on juggling the three apart do the many myriad things tapes of his voice followed and easy because with an from the life that she has that keep her busy was met by a song dedicated either to immense passion for radio, carved for herself on radio. by a lot of shock and surprise my mum, sister, brother or she would do whatever it took “There are a couple of things from her extended family me, and at times, even our to make her dreams come you need to know about me; because, as families do, they dog (whom he called his four true. “After my graduation, I for one, I have never wanted a expected so much more from legged son)! He would record had to make a choice of living mundane, predictable, stuckher. Also, these so called an entire tape at a time in in Mumbai and following my in-a-rut kind of life. Secondly, career choices at the time this manner and send it to us dream or coming home and as long as I’m passionate were pretty much unheard of with anyone coming off the seeing what I could make of about something, I will go all back in the day. But Ayesha’s ship to India. The first song I my time in Goa. Sadly, even in for it and see it through to family backed her up and remember him dedicating to though I got my dream job the very end. Lastly, I have supported her through thick me was Pretty Young Thing there, I was unable to adjust always been a people’s person and thin. “Thankfully, my by Michael Jackson and I to living in the big city – the and gone down paths where I parents and siblings were remember looking at the daily commute, the crowds could interact with or connect super supportive – standing stereo thinking “I want to be and the rat race got the better to the most number of people behind me every step of the talking out of the music box of me and so I packed up possible. So writing, singing way, celebrating my every like papa and playing such everything I had amassed in and compering just checked high and pulling me out of cool songs”. And that’s where my time there and headed all these boxes for me.” my every low. My friends too it all began. And it stayed home.” Luckily for her, she She then goes on to speak supported me in more ways with me right through to the was able to secure a slot at about the aspects of her than I can count! From giving time when I went to college All India Radio where she work that excite her most. me quotes for stories that I in Bombay. Luckily for me, was able to put her abilities “I think that would have to was writing and leads and private radio stations began to test. It was the launch pad be the surprising curve balls contact numbers for people to to boom at the same time.” she needed and the stepping each avenue of my life brings interview to recommending

me for events and showing up at gigs that I was hosting, I could not have asked for better!”

Everybody in the entertainment industry has been affected by the pandemic and the lockdown that followed. Everything that Ayesha loved be it writing, singing and compering came to a full stop. She has been able to continue with her radio show ever day, although for the first two weeks of the lockdown she had to do it from home, and she took her time getting used to it. She elaborates on how things have changed for her after the pandemic. “Things are now starting to change on the first three fronts with people requesting me to host online events, intimate weddings and sing for online gigs and watch parties. So it’s been a series of new challenges, but ones that I’ve welcomed with open arms!”

Facing new challenges that the pandemic has brought her way keeps Ayesha excited. She is also looking forward to the day when she can travel again, because that’s her other love apart from everything else that she does. “Also meeting friends from halfway across the world at a new location, exploring new cities and cultures together and making memories that last a lifetime are on my list. Truth be told, the pandemic has taught me to cherish the little plans – like a group video call with friends, pizza night with my nieces or a weekend with my folks, at our ancestral house, playing cards, talking and listening to music”

Ayesha signs off with her success mantra for youngsters. “I honestly believe, to each his or her own. At the end of the day, the only advice I can offer is to just follow your heart and do what you love because that is exactly what will keep you going and push you to do your best, all day, everyday”

CII IW N Goa hosts online session

Clockwise from left: Nita Brid, Sheetal Pai Kane (Chairperson IWN Goa Chapter), Madhavi Lall, Arch Rita mody Joshi, Shikha Pandey and Sonia Shirsat

To mark its anniversary, successful man, there is a CII-IWN Goa Chapter strong woman” should now hosted an online session be “Behind every successful “Building Up the Women woman is a group of striving Around You”, moderated by women.” Neeta Brid, GM Sheetal Pai Kane, Chairperson Fomento Resorts & Hotels IWN Goa Chapter. said, “If you have a vision and

The panelists shared their truly believe in it, there should words of wisdom. “The world be focus as if you aim for the is full of possibilities and stars then you will definitely each opportunity needs to be reach somewhere close.” The seized,” stated Madhavi Lall, world famous Fado singer Chairperson, CII IWN WR. Sonia Shirsat continued Shikha Pandey, renowned with “Keep challenging and cricketer said “Behind every believing in yourself ”

Arvind nanda / Eco Pest Klean Getting rid of pests, the organic way Arvind Nanda speaks about her venture, Eco Pest Klean and how BNI has helped her business grow

By sybil rodrigues

Arvind Nanda is a first generation entrepreneur in her family with an experience of twelve years in the field of sales and marketing. She has worked with banks, the retail sector, education and has always loved a challenge. Her business Eco Pest Klean, is a reliable name in pest management services.

Arvind speaks on her business. “What started as a search for a good pest control for me became the push I needed to enter this segment and make it a brand that it is now developing into. We are highly trained and skilful at creating an environment free of bugs and diseases for our customers. We specialize in reducing or eliminating pest infestation using our high-quality tools, pro-active focus and specialised workforce.”

Eco Pest Klean’s solutions are preferred amongst various sectors of the industry. Their control solutions cover residential, educational and commercial properties. Residential properties include homes, residential buildings, garden areas, bungalow’s pest infestation; whereas commercial properties include restaurants, schools, colleges, offices, commercial buildings or plots and other commercial spaces. When it comes to dealing with pests, Eco Pest Klean adopts latest in technology and concentrated materials to deal with certain category of pests which are otherwise immune to regular pest control methods.

Starting Her Enterprise: Arvind started her business with a vision to provide the best organic, eco-friendly solutions for pest control with a structured customer service. This is the core benefit of organic pest control. Organic pesticides are typically effective for a longer period of time than chemical sprays, as most organic pesticides use both biological controls (scents, tastes, natural oils, etc.) combined with safer, green chemicals to prevent pests.

“We all know the harm that harsh pesticides cause on our health. Whereas chemical sprays may be effective, they often have harmful effects on the surrounding environment (including animals, soil, and water when it runs off). Organic pest control products are typically much safer and more beneficial for the environment, overall.”

Like all other businesses, Arvind too

Arvind Nanda

faced her fair share of challenges. “When it comes to challenges the biggest one was creating awareness about organic pest control solutions to clients. There is an entirely different shift in the mindsets of people and educating them how organic is the way to go was quite a task. It was a slow start 3 years, back but now it has given us a foothold in the market and we can proudly say that we have successfully created a niche for ourselves here.” Eco Pest Klean provides timely service and customer satisfaction post treatment, with a dedicated team of professionals.

The BNI Edge: Arvind then elaborates on her association with BNI. “It started 3 years back when I visited a BNI Chapter here in Goa as an observer from Gurgaon. I was floored by the energy, support and enthusiasm that the members had for each other; and above all the potential women entrepreneurs have to develop themselves, is immense. After joining BNI Goa, we started with 7 clients and now are serving more than 250+ clients. This three-year journey has been an evolution for me, having a family of more than 500+ members who are my extended family now. We have worked with clients from various segments – corporate, villas, builders, construction sites (pre & post), hotels, and restaurants, all thanks to BNI. This shift to Goa has been a life changer for me and the confidence to do it came from BNI. Rajkumar Kamat, our ED had a vision to bring the business owners in Goa on an international stage and I can proudly say that he has not only given a platform to them but also to women entrepreneurs to move ahead boldly and strongly and make a mark in the business world.”

The COVID-19 Challenge: Arvind mentions the hurdles faced by her in her business due to COVID 19. “Initially when Covid 19 hit, we were closed for a month. That period gave us an insight as to how we would want to approach our work going forward.

A few of our staff members had left for their hometown and we didn’t stop them, knowing that they want to be with their family. There was no salary deduction and we provided them food rations for themselves and their families.”

From here on they diversified into sanitisation treatments. It gave them a complete turnaround and the muchneeded direction that was the need of the hour. This step helped them completely change the way they were looking to do business. As of now they are back working at full strength, doing pest treatments along with the much-needed sanitisation work as well.

Arvind is also involved in bringing to Goa another venture called PAB (Pick-a-Book) which gives a chance to explore the world of books through the eyes of other readers. It was started in Sri Lanka and now has made way to Goa giving people a way to learn and explore their imagination. ‘Pick A Book’ encourages the reading habit by getting all participants to select a book, read and research on it thoroughly and present a summary which also helps to hone their public-speaking and presentation skills. By doing this, ‘Pick-a-Book’ not only inculcates the habit of reading but also helps to impart a wealth of knowledge.

The Future of Business: “This is the future we envision for Goa, bringing the talents of our children, passion for reading from our mothers/ parents / wives and path to success of our entrepreneurs, to a common platform.” Arvind says, “It’s no secret that owning a business can be an incredibly enriching experience… but it is not as glamorous as some may think. There remains one constant ingredient to success: motivation. You already have everything that you need to be successful in this new world and you have to make it for yourselves. It doesn’t matter what your business is, success will be what you make it to be. Stay strong, stay optimistic and let’s make it big”

Properties in Goa

Member of

Goa Marriott Resort is ready for guests: Gaurav Apte

Gaurav Apte, General and recommended cleaning Manager, Goa Marriott agents. Hand sanitizing Resort and Spa has expressed stations are being installed at his views on opening up the hotel entrances, at our front hotel for guests. desks, our elevator banks,

“The tourism industry and meeting spaces. Signage’s has been one of the industries in public spaces are installed hardest hit by the pandemic. to remind guests to maintain As a result of cancellations social distancing. We have of flights, tours, events, hotel added partitions at check-in reservations and a resultant to provide an extra level of decline in inbound travel, precaution for our guests and hotel occupancy rates and our associates. In guest rooms, average room rates have we have elevated our rigorous dropped sharply causing protocols to thoroughly clean unprecedented declines in all surfaces with hospitalprofit margins leading to grade disinfectants. Our a major imbalance in the mobile technologies are world’s economy. providing reassurance and

The pandemic has created distancing options for our such a scare that it is taking guests. In over 3,200 hotels, time for travellers to gain our phone can be used to confidence in order to travel check in, access your room, once again. It is heartening Gaurav Apte order room service, view our to see that travellers are restaurant menus and for choosing to reschedule plans tourism. Many Indian States State and known for its contactless payment options rather than cancel their visit. including Goa extensively stunning beaches and at check out.

Unlike other sectors, depend on tourism as a nightlife largely depends Keeping the current tourism will take longer to source of State revenue. upon the tourism sector for scenario in mind, Marriott recover, especially leisure Goa being the smallest revenue and employment, as International have called well as many migrant workers for repackaging their hotel who travel to Goa to work in services, focussing on the industry. contactless services and Unlike other Indian are introducing competitive and International value added stay package and hospitality brands, Marriott offerings for travelers to help International, under the them enjoy and curate their ‘Commitment to Clean’ own staycations at the hotels. inititative are committed ‘SAVE MORE EARN MORE’ to providing guests with a is our one such STAYCATION safe environment that aligns package currently live across with expert protocols for all Marriott South Asia working to defeat Covid-19. properties, specially curated Consisting of in-house and for the leisure clientele outside experts in food and targeting mainly the families water safety, hygiene and and couples, locals, transit infection prevention, and customers to help them enjoy hotel operations, We at the endless experiences while Goa Marriott Resort and choosing from a bouquet of Spa are taking equal steps offerings at our hotels. to safeguard the health and The package safety of our guests and offerings include room associates. a c c o m m o d a t i o n , We have come up with a complimentary breakfast, virtual commitment to clean Free Upgrade to next category video which showcases the room, 2 kids up to 12 years health and safety initiatives stay and dine free and one taken at the property level or more specially curated during our guests’ stay with offering to make guest stay us. even more exciting. Booking We are cleaning our dates till 30th October public surfaces with increased 2020. Stay dates up to 31st frequency, dedicated staff, December 2020”

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Thematic weddings of the capital city; the iconic picture-perfect outdoor exotic floral arrangements steeped in elegance and Taj, Vivanta and SeleQtions venues, impressive banquet and dedicated staff who make grandeur or breezy nuptials on hotels are sure to create a once halls and paradisiacal private it their mission to transform the shore, IHCL, Goa’s array in a lifetime experience for gardens. A dedicated team dreams into reality. of exceptional hotels, serve the special day. of experts bring together Special curated wedding as breathtaking backdrops Redefine destination wedding specialists who will experiences, extravagantly for a dream wedding. Be it weddings with nonchalant curate every whim, fancy or opulent service and venues surrounded by the shades of getaways in a slice of heaven. wish the heart desires; a team that reverberates with the sun, sea and sand; against “Regally yours” is now a of Master Chefs will customise romance seamlessly blend in the backdrop of an idyllic popular choice at IHCL, the menus as required with a to create priceless moments paradise; amidst nature at her Goa for couples who have melange of culinary wonders; at the legendary IHCL, Goa most glorious or in the heart always envisioned a fairytalented florists that will hotels

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Capricon Eng ineering launches its made-in-Goa products

The Vascobased company has launched new product lines and service offerings in the hygiene and safety space

VinsanWorld, is an integrated advertising, communications and events agency, based in Goa, with branches in Mumbai, Bengaluru and Dubai. The agency began its journey in the glorious 90s, when India was accelerating as one of the fastest emerging economies. Since then, VinsanWorld has been delivering result-oriented marketing solutions to support businesses to grow exponentially and equip themselves for changing times.

Challenging times need innovative ideas. Companies are driven to innovate, try new things, make changes and diversify – with minimal disruption. The COVID-19 pandemic has not only put global health systems into unprecedented stress but has also brought ‘hygiene’ and ‘safety’ into the mainstream conversation.

With innovation and diversification as its mainstay, Vinsan World’s sister concern Capricon Engineering Works has launched new product lines and service offerings in the hygiene and safety space.

Capricon Engineering Works recently became one of the first companies in Goa to introduce disinfection services for homes, offices and vehicles. The USP of the service is that it uses a silane based retentive self-disinfection coating that keeps surfaces free from a broad spectrum of viruses and bacteria for upto 30 days. Its high performance antimicrobial coating physically controls and ruptures the target organism’s cell membrane on contact. In addition, Capricon also offers ATP testing, wherein the hygiene or cleanliness of a surface can be evaluated after application. This

Sanjay Shetye

“We have learnt the importance of adaptability, innovation and positivity with the onset of the pandemic. While we have always wanted to launch our own products and service offerings, this was the opportune moment to roll them out” sanjay shetye Owner, Capricon Engineering disinfection and sanitization service has received a positive response and so far has been utilized by companies like IFB Ltd., Magsons, Zarhak Moulders-Shakti products, Delfino’s Pharmacy, 79 Pet Shop, Baker’s Street, Chief Minister’s bungalow, minister’s meeting rooms and other top corporate houses, religious places, homes and vehicles.

Capricon Engineering is also seeking to establish itself in the home and officebased sanitization space, through the introduction of a new range of sanitizers, Capri Qleen Advanced Hand Sanitizers, in gel and liquid based variants. The sanitizers combine the goodness of tulsi oil with a lime fragrance. The lemon fragrance ensures a sensorial cleanse while tulsi oil boosts skin immunity and moisturizes hands. It has an ethyl alcohol IP of 71% and kills 99.9% of germs, bacteria and viruses instantly. The sanitizers are available in four sizes – 90 ml, 200ml, 500ml and 5 litres and are competitively priced. The products are manufactured only in Goa, in response to the Prime Minister’s clarion call for ‘Atmanirbhar Bharat’ and vocal for local.

Along with sanitizers, the company’s product line also includes a range of highquality designer masks, Capri Pro reusableface masks with anti-viral strength. The distinctive feature of these masks is that it is coated with a self-disinfectant that is lab tested and renders the mask effective against bacteria and viruses for up to 30 washes. They have a comfortable facial fit due to their ergonomic design. Capri Pro has laid a special emphasis towards clear respiration via the masks. The masks are easy to wear and carry comfortable elastic ear loops with good drape ability. For the style conscious, there is a substantial variety of design and patterns to choose from. The masks are also customizable for brand-specific and corporate clients.

Sanjay Shetye, owner, Capricorn Engineering Works says, “With the outbreak of the Coronavirus, it became clear that a diversified product and service offering is not only essential but critical. We have learnt the importance of adaptability, innovation and positivity with the onset of the pandemic. While we have always wanted to launch our own products and service offerings, this was the opportune moment to roll them out, as we had the luxury of time and capacity. So, now our key focus for Capricon will be on building our brands – launching offerings like sanitizers, face masks and disinfection services and improving our consumers’ experience by introducing new products lines.”

Capricon Engineering will continue its journey of expansion through offering a selection of high quality products at affordable prices. Vinsan World’s advertising and events business has already made significant progress in the past decade. Alongside, Capricon Engineering will strengthen its fundamentals to drive both growth and innovation

CII Goa facilitates air cargo for industries through Emirates

To help Industry with easy maintained. Emirates exports,” said a CII Goa movement of cargo on a is a GDP certified communique. daily basis, Confederation airline ensuring Companies can also use of Indian Industry (CII) pharma shipments the Emirates network to Goa, in the last six months, will be handled as per import their cargo directly have initiated several the highest industry into Goa from all over the meetings with the Emirates standards. world and avoid routing the Skycargo, discussed and transported to Mumbai or For Emirates to operate same through other states. deliberated with industry, Bengaluru on a daily basis its first flight from Goa, they Having brand Emirates Air Cargo Association, to be exported out of India require a commitment of operating from Goa, will Goa Pharmaceutical mainly to the US or European a minimum of 45 tonnes develop Goa into one of the Manufacturer’s Association markets. Companies incur of exports per flight. To biggest logistics hub in the (GPMA) and others on heavy trucking costs (Avg: achieve this target, it needs region. This will also attract feasibility and operational Rs.40,000 per truck) and to be a good mix of skidded other businesses to set up shop aspects of logistics. other inter-state duties which cargo and loose cartons to generating revenue to the

After several meetings can be avoided if shipments optimise the aircraft space. state and create employment with Govt. of Goa, Airport are exported directly out of Emirates is mainly attracted opportunities to the youth of Authorities, Custom Goa. to the pharma exports out of Goa. Once the cargo flights Authorities Emirates are Emirates has reviewed the Goa to the US and Europe. are successfully operated now operationally ready current facilities at Dabolim, Hence they would like to see out of Goa, CII-Goa and the to commence from Goa. and although there are a commitment from pharma GPMA will also engage with Emirates Skycargo has shown infrastructural challenges, companies for the first Emirates to operate passenger keen interest to operate its they are closely working with flight to announce the flight flights which would benefit all cargo freighters aircrafts from the Airport Authority of India immediately. “Once Emirates Goans who travel for leisure Goa International Airport to get some basic amenities operates 2 or 3 flights, we can or work and bring in investors Dabolim. sorted out to ensure that the then have a mix of pharma, and tourists from across the

On an average 60 cargo is handled correctly general cargo and Perishable globe giving a much needed tonnes of pharma cargo is and product integrity is products contribute to the boost to the state economy

Covid-19: Insolvency and Bankruptcy Code (IBC) The author discusses the recent amendments made to the IBC, 2016, through an ordinance where a moratorium on insolvency applications has been enforced which is intended for 6 months, starting from 25 March 2020, and may be extended up to a year

Notwithstanding anything contained bankruptcy. The tribunal gave its assent in spite of the financial meltdown, in sections 7, 9 and 10, no application to the lending bank and accordingly industrial slow down and to crown it all, for initiation of corporate insolvency passed the order. Challenging this order the Covid-19 pandemic. Unwittingly, he resolution process of a corporate debtor in the Delhi High Court, RCom pleaded dealt a mortal blow to his brother’s RCom, shall be filed for any default arising on for relief; which was granted, wherein the as he plunged into telecommunications or after 25th March, 2020 for a period of High Court has stayed the proceedings with Reliance Jio which is ruling the six months or such further period, not and has asked the concerned parties to market with a staggering 34% of the exceeding one year from such date, as file their replies before 6th October, 2020. market share that is expected rise to 50% may be notified in this behalf. – Section in the coming couple of years. 10A, Insolvency and Bankruptcy Code, Lessons from the Case: The big Anil, a financially savvy manager with 2016, Amendment, Ordinance, 2020. lesson from the case is that there are an overriding ambition was extremely

Further there is a caveat to the no lessons learnt, for every corporate happy with the telecommunication above mentioned section: Provided leader, is convinced such contingency companies, a quick money maker, that no application shall ever be filed will not occur to him. For their belief and a great news maker with high end for initiation of corporate insolvency in the debt based growth is absolute. investments, press conferences and resolution process of a corporate debtor Some of the recent instances suffice to Bollywood glamour. Business trends for the said default occurring during the demonstrate the proposition that lessons changed winds, Anil’s fortunes sailed said period. from insolvency and bankruptcy are not short, and money lenders exercised Explanation: For removal of doubts, it learnt: pressure; he got caught up in unrelenting is hereby clarified that the provisions of a) V.G. Siddhartha who became litigation and ended up from the heights this section shall not apply to any default synonymous with his Cafe Coffee of 49 billion dollars just to a single committed under the sections before Day venture, having suffered from the billion. He was even ready to pledge his 25th March, 2020. This simply means pressure from the lenders as well as the personal assets to offset the debts, which that if a debtor has defaulted in payment harassment by the tax authorities as the court disallowed. The takeaway from of debt before 25 March 2020, for that stated by him in his suicide note, ended the Ambani brothers is that while the debtor, the promised relief or suspension his life jumping off a bridge. current Jio share price is closing in on of initiation of initiation of corporate b) Rana Kapoor and Yes Bank Ltd. `2,000, that of RCom just above `2. insolvency process is not applicable. were inseparably bound to each other; it A small crutch like a stay order on was among the most successful private initiation of insolvency proceedings is The Case: State Bank of India (SBI) versus banks in the country until the Reserve not the last word. What about a plethora Reliance Communications (RCom): Bank of India (RBI) found irregularities of financial regulatory bodies in India – While the Covid-19 may have been an such as under-reporting the bad loans, Reserve Bank of India (RBI), Securities Act of God, in legal terms, that is to say an finally caught up with him and he ended and Exchange Board of India (SEBI), unforeseen calamity over which humans up with zero shares. Insurance Regulatory and Development have no power, to some debt-ridden c) Naresh Goyal, founder of Jet Authority (IRDA), Forward Marks companies, on the brink of insolvency Airways, one time a successful and the Commission of India (FMC), Pension and bankruptcy, it has been a Godsend, largest private airlines in India, suffered Fund Regulatory Development Authority a boon. Anil Dhirubhai Ambani Group’s from severe competition and demands PFRDA? Do they have any positive roles telecommunications company, RCom from the lenders until the regulatory to solve corporate problems? Checking must have thanked its stars as the above authorities grounded his fleet and on the synonyms for regulatory, one stated amendment to IBC, suspension of shattered his dreams. There are many finds these disconcerting and distressing initiation of corporate insolvency process, others such as the Singh brothers – terms: authoritarian, dictatorial, narrow, was introduced through an amendment. Malvinder and Shivinder, the monarchs dogmatic etc. Even these do not have The total debt of the company is a colossal of pharma and healthcare industries, the last word. The last word is with the `46,000 crores, however the company’s steel magnate brothers Shashi and Ravi last man of India, who remains silent, lenders have put up a gigantic sum of Ruia of Essar, etc. but who has to bear the brunt of losses `90,000 crores. On the other hand, not everything caused by lending banks, agencies,

However, the matter here is restricted is lost. Anil Ambani does not have to entrepreneurs who couldn’t care less only what the State Bank of India (SBI) go very far to draw visible and real to save their firms, board of directors brought up before the Mumbai National lessons for himself. He and his brother who neglected their responsibilities and Company Law Tribunal (NCLT), a sum Mukesh, as they parted ways in 2005 investors who remained silent at Annual of `1,600 crores only. SBI had prayed from the inherited group of companies General Meetings. The little man of India to appoint an Insolvency Resolution of their father, the business was divided is exactly like R.K. Laxman’s cartoon Professional (IRP) to assess the assets down the middle. Mukesh, mostly character, the common man, who of the company, RCom, as a part of with petrochemicals, sober, steady and observes everything in silence and bears the procedure of insolvency leading to focused, rose to global heights of business all the burdens without a murmur

Understand Risk Before Investing! The writer pens down various risks that one should consider before investing

Last month, I came across a trading platform in which one could earn as much as 82% in a minute! Yes, you read it right and there is no error! In exactly 60 seconds, the wealth could increase from INR 10,000 to 18,200 or one lakh to one lakh eighty-two thousand. The platform is easy to operate, hence addictive; and is extremely risky.

We should have no doubt in that fact that every investment comes with a risk. We need to understand it before investing in any asset. As markets and assets differ in their return characteristics, so do in terms of risk. The risk-taking nature of investors also vary. Mostly, we are riskaverse; while some enjoy taking risk. The possible return from an asset has a direct relationship with its riskiness. This means a higher return, usually, will come with higher risk, and if we are not willing to take any risk, we should be content with lower returns. The irony is investors look for higher returns while not being ready to take appropriate risk. To be wealthier, one should be ready to take risk.

The simplest definition of risk is ‘uncertain possibilities’. Risk is always futuristic. We take risk every day in our rating (in case of debt) and beta (in case when large companies have defaulted in personal and work life. Eating street food, of equity shares). A high beta stock is payments to their investors. which is very tempting and exciting, riskier than a low beta stock. As of 11 could be risky; over speeding is risky; August 2020, Infosys had a beta of 0.47 (5) Inflation Risk: When our average there can be numerous such activities. while Indusind Bank had a beta of 1.63. returns are less than the average inflation There is a thrill and excitement in taking rate, we have inflation risk. Our wealth risk. (3) Liquidity Risk: This arises if we are erodes in such a situation. Due to

While investing, we encounter unable to sell an asset or find it difficult COIVID impact, the returns from bank various types of risk. The important ones to convert an asset into cash. Certain safe deposits have fallen below the current are explained below: investments are highly liquid as it is easy inflation rates. (1) Market Risk: Uncertainties which to find a buyer e.g. bullion, and foreign affect the market as a whole is market risk. currency. Equity shares which are listed (6) Re-investment Risk: refers to a Different markets have different risks and in a stock exchange, are liquid as well. We situation when we are not able to they have different return possibilities. can sell them when the stock market is protect the current rate of returns if Markets in which price fluctuations are open. But all shares may not have similar we carry forward our investments not much are less risky. The debt market liquidity. Mutual funds also have good in the same assets. This occurs if a is an example. As the price of equity liquidity. particular investment is cancelled or the shares fluctuate much more, the equity characteristics of the assets change which market is riskier. (4) Default Risk: Default risk arises from reduces the returns. Renewal of bank non-payment of promised amounts. deposits and growth options in mutual (2) Asset Risk: Are such which are unique Hence, applies mostly to assets that have funds encounter this risk. to a particular asset. For example, the obligatory returns. The best example risk of equity shares of Infosys and Bajaj is the debt instruments which promise (7) Longevity Risk: This arises when we Auto will be unique – as these companies interest payments and return of the live beyond the anticipated age and with belong to different sectors offering principal amount. When non-payment an increase in life expectancy. In such a different products / services. Within occurs, we get into a situation of default. situation, we may face severe difficulties each market segment, different securities One must consider a greater element of as we would have exhausted our savings. debt, equity, and others have different default risk with Ponzi schemes which Investing without the knowledge of RISK risk. Some have low, and some have high promise very high returns than market is like jumping into the middle of the sea risk. They can be understood using credit returns. There are numerous examples without knowing how to swim