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Showing posts from August, 2020

Mumbai Airport now owned by Adani Group, now holding 74% stake

The Adani Group will acquire GVK Group's stake in Mumbai Airport. The group, led by billionaire industrialist Gautam Adani said on Monday that its total stake in Mumbai airport would increase to 74 per cent after the acquisition. With this, the group will become the country's largest private airport operator. Information sent to the stock markets stated that Adani Airport Holdings Ltd., the principal holding company of Adani Group. (AAHL) Mumbai International Airport Ltd. (MIAL) GVK Airport Developers Ltd. (ADL) has tied up for the acquisition of debt. This loan will be converted into equity. This will give the Adani Group a 50.5 per cent stake in the GVK Group in Mumbai International Airport. In addition, the Adani Group will also acquire 23.5 per cent stake of Airports Company of South Africa (ACSA) and Bidvest, a minority shareholder in MIAL. The Adani Group said it would also take steps to acquire the 23.5 per cent stake in ACSA and Bidvest at Mumbai International ...

US-India mini trade deal likely increased and GSP may reinstate for Indian exports

America and India are getting closer to each other to stop China's expansion in world trade. Given the growing proximity between the two countries, it is expected that the US may again restore the Generalized System of Preference (GSP) to India. In return, India can reduce or eliminate import duties on 28 types of goods coming from America. The US and India may soon enter into a mini trade deal to implement this type of arrangement. The US can currently ignore the issue of digital tax being levied by India to execute a mini trade deal without any hindrance. Both countries believe that the Free Trade Agreement (FTA) is a long process, so the mini trade deal is more effective now. According to the Ministry of Commerce and Industry sources, India has benefited greatly from the revival of GSP. In June 2019, the US excluded India from the GSP list. At that time, India was exporting around 2000 such products to the US, which was not charged in the US. Due to this,...

American Tech Inc.'s total market cap reached $ 9.1 trillion

The total market capitalization of US technology companies has reached $ 9.1 trillion. This is more than the total market capitalization of all the companies listed on all the stock markets across Europe. This has been said in a report of Bank of America. According to the report, in 2007, the European market was four times larger than the US technology companies. Bank of America Global Research said in a report that for the first time, the market cap ($ 9.1 trillion) of companies in the US technology sector has exceeded Europe's MCAP. The total market cap of all the companies listed in all the markets of Europe is currently at $ 8.9 trillion. It also includes markets in the UK and Switzerland. FAANG and some other technology stocks dominate the US markets and indices these days. There has been a lot of bounce in them recently Five of America's biggest tech companies are called Fangs for short. These include Facebook, Amazon, Apple, Netflix and Alphabet (Goog...

Apple is preparing to bring its own search engine

So far, Google search engine running its monopoly in a search engine may get a strong competition in the coming time. This is because Apple is also preparing to bring a search engine. If this happens, then Google's dominance and dependence on it will not end, it can be less. Apple can be installed on its device first as an alternative to Google. It is expected that it can be launched for the public later. Actually, the story of Apple's entry into the Surge Engine sector is also related to its earnings. Every year Google gives Apple millions of rupees to keep Google, the default search engine in iPhone, iPad and Mac OS. According to the report, this deal may be finished soon. The UK Competition and Market Authority may take a tough stance on the deal between Apple and Google's search engines. According to the report, regulators can force Apple to remove Google as the default search engine and give users the opportunity to choose which search engine they want to use w...

Make disciplined investments in equity mutual funds and keep these things in mind

Whether equity investment and share market or mutual fund, it is not easy to find discipline in the process. Whatever our motives are, we often take wrong decisions in the matter of equity investment. We get carried away in terms of reacting to the market. This is the reason why we have to bear unnecessary losses and transaction costs are also high. It is possible that you have a long-term plan for equity investment. But you do not follow it without any specific reason. But why? This is what we want to tell you today. Just think about it. The giants of the investment sector tell us that this is the best way to generate wealth from equity markets. Just start early, according to experts, invest as much as you can. If you do this, you will maximize your chances of owning a big property after a while. Disciplined investing is absolutely easy to understand. But following it can prove to be very crooked. Today, we are presenting before you some of our special rules of discip...

These 10 benefits of Jan Dhan account, which you need to know

Six years of Pradhan Mantri Jan Dhan Yojana (PMJDY) is completed. About 3.6 crore Jan Dhan accounts were opened in the last one year and the total number of Jan Dhan accounts was more than 40.35 crore as on 19 August 2020. Of these, 34.81 crore accounts were in working condition. According to the Finance Ministry, the average deposit per account is 3,239, more than 2.5 times since August 2015. Let's know what you can benefit from Jan Dhan account. 1. Jan Dhan account is opened absolutely free and no minimum balance is required to be kept in it. 2. Overdraft facility is available 6 months after opening the account in Jan Dhan account. The overdraft limit is Rs 10,000. Overdraft facility up to Rs 2,000 unconditionally in Jan Dhan account has been given from the beginning. 3. The RuPay debit card is given to the person opening the Jan Dhan account, from which he can withdraw money from the account or make purchases. 4. Free contingency ins...

The largest decline in world's largest US economy so far, a record 31.7% fall in the first quarter of FY 2020-21

The US economy has recorded the largest decline in recorded history due to the coronavirus epidemic. The US Commerce Ministry, in its second estimate for the April-June quarter released on Thursday, said the economy had plummeted 31.7 per cent. In the first estimate, the government said in late July that the US economy had fallen by 32.9 per cent in the June quarter. The biggest quarterly decline in US economy records was in 1958. At that time the economy had fallen by 10 per cent. America has started keeping a record of GDP growth since 1947. Lockdown in the April-June quarter disrupted business activities in the world's largest economy and left millions of workers unemployed. In the first quarter of this year, the US economy declined by 5 per cent. The case of COVID-19 infection started in the US since February. According to economists, economic recovery is not expected to happen soon, as the pace of virus infection has not stopped but financial relief from the gover...

The wealth of the world's richest man Jeff Bezos surpassed $ 200 billion

The economic situation around the world is bad during Corona's time, but the American stock markets have steadily increased the personal wealth of the world's top rich people. The net worth of Amazon founder Jeff Bezos, the world's richest man, crossed $ 200 billion on August 26, 2020. In fact, on August 26, 2020, the company's shares reached record levels, which increased the net worth. Meanwhile, Elon Musk also joined the $ 100 billion club. Tesla Inc. shares rose Wednesday to $ 101 billion in net worth, according to the Bloomberg Billionaires Index. Musk's assets grew by $ 73.6 billion this year while Bezos' wealth grew by $ 87.1 billion. Facebook Inc.'s Mark Zuckerberg's net worth crossed $ 100 billion this month. On Wednesday alone, it increased by $ 8.5 billion. Bezos' ex-wife MacKenzie Scott has also, come close to becoming the world's richest woman in the US stock markets. Increasingly in the stock markets, apart from only A...

Rakesh Jhunjhunwala makes new investment in VA Tech Wabag

Water management company VA Tech Wabag has raised Rs 120 crore from the sale of its equity shares. The company has achieved this at a time when many infrastructure management companies are struggling to recover from the effects of the lockdown caused by the coronavirus epidemic. The company had issued equity shares valued at Rs 160. Of the Rs 120 crore raised by VA Tech Wabag, Rs 80 crore has been invested by Rakesh Jhunjhunwala. At the same time, Basera Home Finance has invested Rs 24 crore and Jai Corporation promoter Anand Jain has invested Rs 16 crore. It is 10% of the total market capitalization of the company. VA Tech Wabag provides water management solutions to municipalities and business houses. The company advises companies, large corporations and governmental organizations in the fields of water conservation, water recycling and reuse of water resources and resolves water-related problems. By March 2020, the company has received orders worth Rs 5947 crore. ...

Export Preparedness Index -2020 | NITI Aayog launches new index of exporting states

The NITI Aayog, the government think tank, on Wednesday launched the Export Preparedness Index 2020. According to such index prepared for the first time, Gujarat is the most prepared state in the country for export. In this index, an attempt has been made to assess how much the country is prepared for in terms of export potential and performance. The index measures states and union territories on four main scales (policy, business environment, export environment and export performance) and 11 sub-scales. The subscale also includes Export Promotion Policy, Export Infrastructure, Access to Finance, Transport Connectivity and Export Diversification. Maharashtra is the most prepared state in the country after Gujarat and Tamil Nadu at number three. Six of the country's 8 coastal states rank in the top 10 in the index. Rajasthan has the best performance among landlocked states. This is followed by Telangana and Haryana in second and third positions respectively. ...

US can pull China out of dollar payment system, Dragon in tension

The US is giving tensions to the dragon one after another due to a deteriorating relationship with the coronavirus. Now the Trump government can pull China out of the US Dollar Payment System (SWIFT) or cut its access. According to the Chinese newspaper South China Morning Post, Beijing is under tension regarding this possible move by the US. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a network used by banks around the world to report and receive financial transactions. It is a part of the infrastructure that makes the US dollar play an important role in international trade and investment. Globally, banks have communication links with US banks, through which they conduct US dollar transactions. Through this payment system, White House can order US banks to stop transactions from any individual, institution or countries. The ruling Communist Party of China, which has surrounded the world about Xinjiang and Hong Kong, is in tens...

Will Apple to get 5 Trillion Dollar Economy before India

India is considered to be the world's fastest running economy. Not only the leader of India but all the economic agencies of the world also say the same. There has definitely been a loss in the Corona era. Which shocked PM Narendra Modi's dream, which he had seen in January 2018 and said in an address to the entire nation at an event, to make the country a 5 trillion dollar economy by 2025, After which all the ministers of the country have been praising this. On the other hand, a smartphone maker company of America is continuously moving forward, beating the pace of Indian economy. The American company Apple has become a 2 trillion-dollar company. The special thing is that when PM Modi talked about the 5 trillion economies, Apple was not even a trillion-dollar economy. Today India has not even reached 3 trillion and Apple has reached the mark of two trillion. If this continues, Apple will become an economy of 5 trillion before India. Apple's market cap in January 20...

Mid-Cap Mutual Funds start at a rapid pace, over 40% return in five months

In the five months since the stock market bottom in March, mid-cap funds of mutual funds have given better returns. The schemes of these funds have given returns of 40 to 55 per cent to investors. In the medium fund house, Invesco Mutual Fund has been at the top, while ICICI Mutual Fund schemes have been at the top in large fund houses. The BSE Mid Cap Index has given a 50 per cent return since March. In the long term, mid-cap funds of mutual funds have given returns of up to 17 per cent. Statistics show that Invesco India Mid Cap has given a profit of 45.60 per cent in the mid-cap schemes which have given better returns since March 23, 2020. BNP Paribas gave 42.89 per cent, Franklin India Prime Fund 43.52, Kotak Emerging Equity Fund 45.47 and Sundaram Mid Cap Fund gave 42.79 per cent. Among the major fund houses, ICICI Prudential Mid Cap Fund 55.27 per cent, HDFC Mid Cap Opportunities Fund 50.35 per cent, Axis Mid Cap 38.91, Nippon India Growth Fund 45.88, SBI Magnum ...

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Life insurance is an essential measure for a strong financial foundation. Life insurance is important, as it provides financial protection to the family in the event of the untimely death of the insured. In many types of life insurance policies, the life risk policy is known as term insurance, and it is the cheapest because its premium costs are low. It only covers death, not savings or investment. The government launched PMJJBY as a social welfare scheme on May 9, 2015, which is a life insurance scheme under which a lump sum amount of Rs 2 lakh is covered. Its annual premium is Rs 330 and every Indian between the ages of 18 and 50 is eligible, who should have a bank account. This amount is taken from your bank account through ECS. Banks charge administrative fees for the amount of the scheme. Apart from this, GST is also applicable to this amount. It has to be renewed every year and it will continue till the policyholder is 55 years old. It is necessary to have a bank...

IPO News | Kalyan Jewelers filed a document with SEBI

Kalyan Jewelers, a leading jewellery sector company, is planning an IPO. For this, the company has filed a draft Red Hearing Prospectus (DRHP) with capital market regulator SEBI. Through this, the company plans to raise Rs 1,750 crore. According to DRHP, the IPO will have a fresh issue of Rs 1,000 crore and Rs 750 crore will be under Offer for Sale. The offer will be from promoters TS Kalyanraman and Hydel Investment. Kalyanraman will sell shares worth Rs 250 crore while Hydel will sell shares worth Rs 500 crore. The funds raised through the fresh issue will be used by the company for the needs of working capital and for general corporate purposes. The promoters currently hold 76 per cent stake in the company. While Warburg holds a 24 per cent stake. Warburg invested Rs 1,200 crore in Kalyan Jewelers in 2014. After this, in 2017 it had imposed another 500 crore rupees. The company's revenue in the quarter of March 2020 was Rs 10,101 crore, an increase of 3.3 per cent f...

India's first bullion index MCX launches | Bulldex or MCX iCOMDEX Bullion

Multi Commodity Exchange (MCX) on Monday launched Bulldex or MCX iCOMDEX , India's first bullion index. It provides a complete basket of gold and silver derivatives products to index traders and investors. MCX said in a statement that Bulldex or MCX iCOMDEX will have a weightage of 70% of gold and 30% of silver. That is, the buyer of this index deal will get 70 per cent exposure in gold and 30 per cent in silver from the same product. This has made retail traders and investors in the MSME segment the most suitable product for hedging price risk. The index will track the real-time performance of the 1 kg gold and 30 kg silver commodities futures contracts. Bulldex or MCX iCOMDEX is a cash-settled product unlike pre-existing products. This product is expected to attract a lot of investment from institutional investors such as mutual funds, portfolio managers, gems and jewellery companies. MCX chairman Saurabh Chandra said that with the launch of Bulldex or ...

Exit load in mutual fund

Sometimes when you buy a mutual fund, you pay a small penalty at the same time. This is called an exit load. The majority of mutual fund schemes impose an exit load, although there are some that come without an exit load. Before we go ahead, remember that a fund with no exit load is no better than a fund with an exit load. Whether the exit load is imposed or not has nothing to do with the pedigree of the scheme. It is important to understand why exhaust loads are present. Why put an exit load Exit loads are mainly applied to discourage premature withdrawal in the mutual fund. Fund managers responsible for long-term plans will want their investors to invest in the fund for a long time. This is desirable because if too many investors exit together, the fund manager has to sell the shares in distress, to companies that are liquid, but usually mismanaged, robbing existing investors of their future growth potential. Does matter. Therefore, the fund has to put an ...

How to choose the best mutual fund

Choosing mutual funds is not an easy task for many investors. Several categories of mutual funds, fund houses, and schemes are available. The best way to start this is for you to work on the right fund with thought and planning. While researching the best mutual funds to invest in, most new investors look at past performance. To select this, there are five areas that you need to evaluate to determine if a particular fund is a good investment. In addition, mutual fund investment is a long-term relationship. Unlike a direct investment in shares, where people can convert stocks rapidly, mutual funds are a long-term commitment. Most people keep investing in themselves for 8-10 years. Therefore, it is important that you choose the right fund and do not get entangled in such a fund which can result in losing both time and money. Read the offer document carefully: One of the most comprehensive documents that each mutual fund provides is its offer document (also known as a pr...

Bank Fixed Deposits v/s Post Office Time Deposits | Who's Better, Safer, Where to Invest

After earning every person wants to save some money. And if the savings are reasonable, then after the expenditure invest a part of the savings somewhere so that some income is also received. Given this, most people prefer a Fixed Deposit. FD is also liked by people because it is considered risk free. At present, apart from bank fixed deposits, post office time deposits are also a good option for investment. In this news, we are giving you information related to these two about investment. Bank Fixed Deposit: Bank FD can be opened in any bank. Most banks also have the option of online FD account. FDs in the bank range from 7 days to a maximum of 10 years. Before opening online FD, get information about minimum and maximum amount, documents etc. from the banker. Information about bank FD rates can be obtained from their website. Different banks have different interest rates on FDs. Post office time deposit: A time deposit account can be opened in a post offic...

Identify purity of gold, know what Hallmarking is

The sale of Hallmark Jewellery has been made mandatory from next year. In such a situation, the number of hallmarking centres is being increased to save consumers and traders from trouble. It will have many benefits. Let's know what hallmarking is and why it is important? Also, know how to identify the purity of gold from it. Hallmark is the government guarantee. The hallmark is determined by the Bureau of Indian Standards (BIS), India's only agency. In hallmarking, a product is certified to the specified criteria. BIS in India is an organization that checks the quality level being provided to consumers. Gold Coins or Jewelry Any gold jewellery that is hallmarked by BIS is required to bear the BIS logo on it. This shows that BIS has been tested for its accuracy in licensed laboratories. Currently, there are 921 hallmarking centres in 234 districts across the country. About 31 thousand jewellers have applied for hallmarking online. About 5 lakh jewellers have...