Story Sphere

25/11/2022

Well some things in life take longer than you imagine, and all you can do is wait!

08/11/2022

An Unconventional yet Innovative idea by Mr Uday Kotak.

💡Back in the 1980s, Citibank was the only bank in India to issue car loans and it used to charge up to 28% interest on those car loans. If anyone wanted to buy a car, the only option one could have was Citibank.

💡Kotak Mahindra Finance Services Limited (KMFSL) (currently known as Kotak Mahindra Bank Ltd.) was just 3 years old back then. Mr Kotak sensed an opportunity in the car loans market. But the problem was he could not compete with a global giant like Citibank directly. He had to come up with an idea that could benefit KMFSL and earn a handsome spread.

💡Mr Kotak decided to book and buy 100s of cars in advance and he used to sell to people directly cutting the waiting time period. He did not charge a premium for the cars. But people who wanted to buy cars had to take a loan from the KMFSL. People started coming to Kotak to buy cars and ditching Citibank in the process.

💡Therefore, The spread on car loan was high. Banks and financing institutions used to earn up to 10% on loans. They made big bucks by issuing car loans and cutting the waiting period.

19/10/2022

32 years in, Microsoft has decided to rebrand Microsoft Office.

The rebrand would start with Office.com in November 2022, followed by Microsoft's free cloud-based versions, the Office app on Windows and Office mobile app, in January 2023.

28/09/2022

Your brand is your identity and we're help you truly unlock and showcase your brand story to your customers.

25/09/2022

25/09/2022

Cyber-racism is a pressing social problem that continues to thrive commonly and violently on the Internet in today's digital age.

Racism, regardless of the platform, is and will be a heinous crime.

25/09/2022

Bangalore traffic be like...

24/09/2022

When even the best of active noise cancellation fails...

24/09/2022

A tragedy we can not ignore. A life we can not revive. A damage to the world of today that can not be undone.

We stand in firm solidarity with The Women of Iran, The Women of Our World!

24/09/2022

☕rge up your .

23/09/2022

Choose your priorities wisely this .

Curating stories that matter!