The pandemic has not just reiterated the adage ‘health is wealth’, but has also forced many to keep a check on their financial health. With cash-strapped companies resorting to furloughs, layoffs, and pay-cuts, many from the salaried class are now seeking to tighten their purse strings. As noted by the recent consumer confidence survey of the Reserve Bank of India, drop in discretionary spends is another new development that is gaining the limelight, aside from work-from-home and social distancing.

Reduced sources of income have reminded us that money does not grow on trees, and hence, has to be spent judiciously. To achieve this, you should first assess your spending habits and track your expenses. This can help you set realistic budgets and curb unnecessary spending.

While you can track your expenses using good old methods such as diary notes, spreadsheets or ledger books, there are many fintech mobile apps that

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Driven by buyouts worth $1.7 billion, private equity and venture capital (PE/VC) investments in India rebounded in July to $4.1 billion, while exits remained subdued.

The reporting month recorded 77 deals. Exits recorded $134 million across nine deals of which $108 million were through the open market, according to a report by the Indian Private Equity & Venture Capital Association and EY (IVCA-EY).

“While on a year-on-year basis, deal activity is still muted, in July at $3.7 billion, it saw an uptick into what has been the best month for PE/VC investments in 2020 (excluding the investments in Jio Platforms). Likewise, PE/VC fund-raising also recorded a sharp rebound in July with fund-raises worth $2.2 billion, 38 per cent higher than the total funds raised in H1 2020,” Vivek Soni, Partner and National Leader Private Equity Services at EY, said.

The uptick in PE/VC investments was supported by a pickup in

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The coronavirus has impacted the travel business to such an extent that India’s chief air carrier Air India announced on Wednesday that it will close five offices across Europe due to no flight operations, according to media reports.

Air India is set to pull down the shutters on its offices in Vienna (Austria), Milan (Italy), Madrid (Spain), Copenhagen (Denmark) and Stockholm (Sweden).

“In view of the Covid-19 situation, Air India has decided to close down these stations and would immediately initiate action for the closure in consultation with local lawyers and advise the timelines, by which the station will be closed,” an Air India spokesperson was cited as saying, according to a DNA report.

No Vande Bharat Mission flights are planned to these countries anytime soon, while regular flight operations have been suspended due to the pandemic.

The reports suggested that Air India is likely to shut down operations in

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