Diptangshu Chatterjee

https://lnkd.in/ePKmdpPn #NRI's can earn upto 12% per annum Tax Free Return on FCNR-B deposits for 5 years period and also another 20% on INR depreciation in next 5 years

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Fiscal deficit for H1FY25 at Rs 4.75 lakh crore, 29.4 percent of the full-year target Experts indicate that the government may end up achieving a lower fiscal deficit ratio than the 4.9 percent target set in the Union Budget 2024-25, partially helped by a higher-than-expected RBI dividend of Rs 2.1 lakh crore. https://lnkd.in/dNrJQstN

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How to convert your #mutualfund units from demat to Statement of Account (SoA) and vice versa. A very practical guide by Anil Poste https://lnkd.in/gi_Qqxm8

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*News Headlines from Business News Agencies:* *Business Standard* 📝 FM reviews housing and urban affairs ministry capex with focus on PMAY 📝 New housing supply in Delhi-NCR triples in Q2 to 13,311 units: PropEquity 📝 Indian steel firms under pressure from rising imports, drop in exports 📝 Greenfield boom: Hotel investments in India return to pre-pandemic high 📝 Intel shares climb on report that Qualcomm made takeover approach 📝 Finance Ministry urges DRTs, banks to expedite loan recovery processes 📝 NBFC Aye Finance raises $30 million in series G round led by ABC Impact 📝 Moglix to invest $50 million in Credlix for expansion in USA, Mexico 📝 NCLAT rejects tax claim against RCom after initiation of insolvency 📝 India, Germany conclude development policy negotiations successfully 📝 Cement makers may end H1FY25 with higher raw material costs, weak pricing 📝 GM recalls 449K SUVs, pickups over faulty low brake fluid warning light 📝 India, Korea discuss upgrading of trade pact, promoting investments 📝 Leela hotels owner Schloss files IPO papers to raise for $599 million *Economic Times* 📝 Garuda Aerospace to set up dedicated defence drone facility near Chennai 📝 AAHL reports lounge access issues at multiple airports after DreamFolks suspension 📝 Plan to open offices abroad to assist foreign investors looking to invest in India: Piyush Goyal 📝 NCLT rejects Philips India’s plea to buy out minority shareholders’ stake, again 📝 SEC approves BlackRock's spot bitcoin ETF options listing 📝 NCLT directs IRP to respond to 26,000 homebuyers of Supertech 📝 India can become $10 tn economy by 2032; beat US, China in manufacturing: Report 📝 Bombay HC grants temporary relief to CEATin case against Apollo Tyres’s ads 📝 UPI transaction value surges to Rs 1669 lakh crore in first five months of FY 2024-25 📝 Uco Bank IMPS issue: Slim chance of full recovery this fiscal, says bank MD 📝 RBI extend tenure of IDFC First Bank MD V Vaidyanathan for another 3 years 📝 Top bankers urge govt to initiate disinvestment process in banks 📝 Government seeks explanation from edible oil companies on rising prices 📝 Nirala World to invest Rs 400 cr to build luxury housing project in Greater Noida *Mint* 📝 Oil logs second weekly gain after US Fed rate cut; Brent, WTI gain 4% in 5 days 📝 IGREL Renewables eyes fresh ₹300 crore equity fundraise next fiscal 📝 Linde India moves SC against SAT order in related-party transactions case 📝 BSNL gains 2.9 million customers in July after private telcos raised tariffs 📝 Blinkit, Zepto to face CCI scrutiny after complaints from local retailers 📝 US CFTC issues first guidelines for carbon credit markets 📝 OYO to acquire Motel 6, Studio 6 from Blackstone paying $525 million cash 📝 SEBI permits mutual funds to buy, sell credit default swaps. 📝 Govt pushes for indigenous technologies in animal husbandry, dairy sectors 📝 Crude oil sizzles after US Fed rate cut: Brent nears $74 on demand optimism

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Direct public floats of Debt papers like NCDs have become rare. Companies are raising money by issuing NCDs on private placement, sometimes at crazy rates. There is an urgent need of Direct public float of NCDs with face value of Rs. 1000 or 10000 by large corporates. This will not only help reduce the cost of funding, but will also deepen the retail debt market. Most of the merchant bankers are also associated with outfits, who manage funds. They are interested in private placements for parking of Funds under management in an easy way bypassing the interest of the public and issuer itself.

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IPO Alert: Multibagger IPO👀 JNK India Limited is here🚨 Date: March 23rd - 25th, April 2024 Price Band: ₹395 - ₹415 per share Lot Size: 36 GMP: currently 0 Issue size: ₹649 crore ( almost 48% fresh issue) Financials: Financials are rising and looks good. ROE & ROCE is above 31% What They Do: Company is into design, manufacture, supply, installation, & commissioning of process-fired heaters, reformers & cracking furnaces. IPO Objective: 52% towards OFS rest will be used for working capital & general purpose USP: 90% revenue is generated from oil & gas companies thus it is in ever growing sector. Final Decision: Company is good but let's wait for solid GMP numbers and Encouraging Anchor List and then will decide. Stay Tuned! #ipo #investing #personalfinance #stockmarket

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Assets Liability mismatch In the recent Monetary policy meeting, “Reserve Bank of India (RBI) has warned banks about asset liability mismatches that could occur if banks raise a higher amount of short-term bulk deposits.” So what is this assets liability mismatch….. how does it impact Banks, General corporates and even an Individual Investor/ person . . Just to put this simple…. Any Bank, Company, Individual should buy /fund its long-term assets, such as Term loan given by Bank, Capex investment by company, Buying Home/ Equity investment by Individual investor by long terms source of fund. For Banks it could be long maturity term deposit, Equity raises, for companies it could be term loan /Equity raise and for Individual it could be home loan or any sort of long-term loan Asset Liability mismatch happens when these long-term assets are funded through short term fund such as in case of bank, saving and current account deposit, for Corporate Working capital debt and for individual through Overdraft facility or borrowing from Friends/ Family……. To make that easy money from equity (sounds familiar) In this scenario what happens, cash inflow from long term assets is expected at later stage, whereas outflow from short terms liability will be in very short period, thus it creates a scenario wherein we need some other source to fund this gap and this creates panic situation, if this in between source can’t be arranged. This kind of scenario can literally lead to bankruptcy of Bank, Corporate and Individual

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Unlocking the Market: Top Strategies for Choosing Winning Stocks in Today's Share Market 🌟📈 Often confused while selecting stocks in Indian Share market? Let's revise the basics, when selecting stocks, consider looking into: 1. Blue-Chip Stocks: Companies with strong financials, established business models, and a history of stable performance. 2. Growth Stocks: Companies that are expected to grow earnings at an above-average rate compared to other companies. For instance, companies in technology, pharmaceuticals, or emerging industries might be considered. 3. Dividend Stocks: Companies that offer regular dividends can be attractive for income-seeking investors. 4. Sector Leaders: Look for companies that are leaders in their specific sector. 5. Small-Cap Stocks: These can offer high growth potential but come with higher risk. Companies with innovative products or services in sectors like technology or renewable energy could be worth exploring. 6. Mid-Cap Stocks: These can provide a balance between risk and reward and often represent companies that are on the cusp of becoming large-cap leaders. 7. Stocks with Strong Fundamentals: Companies with robust financial health, low debt, and good earnings growth. Look for metrics like a strong price-to-earnings (P/E) ratio, return on equity (ROE), and earnings per share (EPS). 8. Companies with Competitive Advantages: Firms that have a strong market position, unique technology, or other competitive edges. 9. Emerging Trends: Companies involved in sectors with high future growth potential, such as electric vehicles, renewable energy, and artificial intelligence. 10. Consistent Performers: Companies that have shown consistent revenue and profit growth over time. Trading shares is as much about strategy as it is about timing. By combining research, analysis, and a disciplined approach, you can enhance your chances of making successful trades. Happy investing! #StockMarket #Investing #FinancialFreedom #StockSelection #MarketTrends

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Macro Views - 29 May Indian markets are in a rationalizing mode before elections. Even if most analysts and news channels are now convinced of a major victory for the ruling party, it's not done till it is done. Equity markets are seeing a small bout of profit taking specially in the PSU and mid-cap segments and FPI's seem to have turned neutral. Given that the "WIN" is heavily discounted, conventional wisdom says that a correction may happen post results, but the wall of money waiting at the sidelines (from retail, DIIs and FPIs) may still show a pop-up rally in immediate aftermath after which the market will settle down. USDINR moving in a well-orchestrated range of 83.10-40 without a clue to the actual reasons for its move down last week towards 83 and recovery to 82.27 today. India bond yields are inching lower as the JP Morgan bond index inclusion commences from June. My sense is that much of the impending investments have already been hedged using interest rates derivatives and NDF markets. In the medium term, the G-sec yields have limited downside from here and have a good base around 6.90-95%. In fact, they may move higher in sympathy with the US rates if US inflation data were to surprise on the upside. US Consumer confidence surprised the markets with an upbeat reading of 102 vs previous 97.5 and expected 95.9. The rise in consumer sentiment is driven by a still robust labour market and the wealth effect from the recent bull run the US stock market. Though the inflationary expectations are also higher and more consumers are expecting a recession in next one year, for now their plans to buy durables and houses are on track. The home prices in US also continue to increase, last reading YOY at +6.7%, a bit lower than the previous reading, driven by scarcity in resale market and demand from younger Americans. While the market eagerly awaits the Core PCE data this Friday, the macro conditions are painting a solid picture and pushing the first rate cut late this year or even next year. The 10yr UST is at 4.56% (+7bps) and 2yr at 4.97 (+5bps). Point to note is Nasdaq scaling all time highs in spite of interest rate inching higher. In commodities world, Crude is in a fine balance with OPEC+ expected to continue the production cuts while the demand figures from China deteriorate. Middle-east issues don't seem to be impacting crude prices till further escalation, if any. Gold and Silver price action is strong in spite of higher US rates. Iron Ore cooled off a bit to $118 as market is still hoping for an expansion of unsold home buyback program in China and may slide lower if there is no follow through from the government.

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News Headline from Leading Financial News Papers, Saturday, 20 April 2024 • Noida's Trident Realty raises Rs 1.2k cr through sale of assets • Offer-for-sale for Hindustan Zinc likely in three months, says CEO • 'After a record 2023, box-office kitty may decline this year' • Banks mull options on using iris scans for verifying transactions • ABFRL to raise Rs 2500 crore after dermerging Madura business into new separate listed entity Aditya Birla Lifestyle Brands • Tatas seek waiver from RBI to skip Tata Sons IPO: Report • Ola Cabs plans $500 mn IPO, to appoint banks: Report •Bank credit surges 16% in fiscal year, marks fastest growth in a decade • Mobile makers bet on higher exports to grow • Forecast of good monsoon brightens farm prospects • In fight against online frauds, banks moot syncing systems with MHA’s cybercrime portal • Adani Group releases Rs 26,500 crore pledged shares in FY24 • Motilal Oswal soars to 52-week high on first-ever plan to issue bonus shares • Expect margins to be stable in the coming quarters: HDFC Life MD & CEO • Canara Bank fixes record date of May 15 for stock split • Vodafone Idea FPO booked 49% on Day 2, QIBs in lead • Jio Financial Services Q4 results: Net profit at Rs 310 crore, NII at Rs 280 crore • Wipro’s consulting business Capco sees “green shoots” • Sebi moots call auction for better price-discovery of investment and holding cos • Infosys Q4 FY24: Disappointment continues except for strong order bookings • 'NTPC Green Energy inks pact with Indus Towers to develop renewable energy projects •Inox Wind bags repeat order for 210 MW wind project from Hero Future Energies • Bajaj Auto aims to make 10,000 Triumph units a month by September, CFO says • Dixon subsidiary Padget Electronics ties up with Longcheer for smartphone production • Deepak Fertilisers arm partners with Israeli group • NBCC to set up shadow lender to help save over $100 million • InterGlobe, Archer Aviation plan electric air taxis in India in early 2026 • Cipla gets Rs 1.83 crore penalty for claiming inadmissible transitional credit on education cess • ‘Yes Bank co-founder Rana Kapoor gets bail in bank fraud case; to walk out of jail after four years • ABFRL board approves Madura Fashion business demerger into separate listed entity • Indo Count acquires US-based Wamsutta brand for Rs 86 crore • Air India to soon have new crew management system • Arbitrator rejects Sterlite Tech's Rs 145 crore claim against BSNL

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Technical Trading Are Stocks in Small Reset Due to Momentum Divergence RSI-CCI Before Continuation. Weekly 15 minutes market outlook: https://lnkd.in/gYH78m2q Are stocks setting up foe a small correction due to RSI (Resistance and Support Indicator) and the CCI (Commodity Channel Index ) Overbought and Oversold conditions TBD In this video will cover the stock market sectors with the daily simple moving average (SMA), Measured move and Fibonacci levels to keep you on the right side of the trade in #ndx #spx #xlk #xlf #xly #iwm #es_f #nq_f #mstr #btc #tsla #earning #stocks #inflation #federalreserve #economy #war #rates #investing #bitcoin #crypto #banks #fiat #etc.

Side effects of EBIDTA : EBITDA Margin is key metric in usage to measure operating performance of the entity  and also act as a relative measure to compare companies in the industry. EBITDA is used as a fancy word for measuring the companies performance. However as per me it is to be to be least considered to make a investment and other decision makings. Perse for Financial Limped entities Interest Expenses may play key role for decision making and For Manufacturing industries Pattern of Depreciation and Amortization will play pivotal role on the financial performance of the company.

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New F&O Rules To Curb Speculative Activity Sebi tightens F&O rules to curb heightened activity in index options on expiry day and as a risk management measure. The new rules will be effective phase-wise starting November. Sebi's new F&O rules here https://lnkd.in/dKGjjBJM

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A crisp and clear summary. Very well presented

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Emami Ltd Group Acquires The Man Company: A Strategic Move in Men's Grooming Market Emami Group has announced the 100% acquisition of The Man Company, founded in 2015 by Bhisham Bhateja, Hitesh Dhingra, and Parvesh Bareja . This move aims to enhance Emami's position against competitors like Marico's Beardo and USTRAA : Grooming For Men by integrating The Man Company’s premium product line and brand equity. Startup Exits: Mergers, Acquisitions, and IPOs ◻ Mergers: Combining two companies to form a stronger entity. ◻ Acquisitions: One company purchases another, gaining control over its assets and market share. ◻ IPO: A private company sells shares to the public, raising capital and providing liquidity to shareholders. The Current Landscape of Startup Exits in India: IPOs vs. Acquisitions The Indian IPO market has seen significant growth, but recent downfalls post-listing highlight IPO risks. Acquisition remains an attractive exit option. Benefits of Acquisition over IPO: ◻ Immediate value realization for founders and investors. ◻ Strategic synergies and market access to boost growth. ◻ Reduced risk, less exposure to market volatility. ◻ Focus on core business with parent company support. Let's Talk Numbers: ◻ In 2023, Indian companies raised $7 billion through IPOs, with a notable surge in Q4 contributing 40% of the year's listings. ◻ M&A activity in India remains strong, with key transactions including Adani Group’s $10.5 billion acquisition of Ambuja Cements Limited and ACC Limited.​ Key Takeaways: ◻ Consider Market Conditions: Evaluate current market conditions before deciding on an IPO. ◻ Weigh Pros and Cons: Both IPOs and acquisitions have advantages and drawbacks. Align the choice with your long-term vision, business needs, and risk appetite. ◻ Strategic Alignment: Seek acquisition opportunities offering strategic fit and potential synergies. ◻ Prepare for the Long Term: Ensure readiness for the long-term implications of either strategy, including regulatory compliance, market dynamics, and integration processes. While the IPO boom offers opportunities, its risks highlight acquisitions as a viable exit strategy. Startups should assess market conditions, align with partners, and prepare for long-term success. #EmamiLtd #TheManCompany #MensGrooming #Startup #IPO #Acquisition #MarketExpansion #Business

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