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🇮🇳Business News Headlines

Economic Times

Ø Credit Suisse cuts FY22 GDP Forecast to 8.5-9%
Ø IMF to revisit Growth Forecast for India due to Surge in COVID-19 cases - spokesman
Ø PSBs will only lead bad bank, pvt banks also need to support it: SBI MD
Ø Majority of SMEs qualify for restructuring says Crisil
Ø Chinese airlines agree to resume drug imports to India
Ø Adani Transmission plans Rs 4,500 crore capex in FY22

Business Standard

Ø About 3,400 Rated firms eligible for recast under fresh rules: Crisil
Ø Hero MotoCorp Q4 net rises 39% to Rs 865 Cr, declares final dividend of Rs 25
Ø Patent waiver in WTO to enable timely availability of Covid vaccines: Govt
Ø US weekly jobless claims fall more than forecast to fresh 13-month low
Ø ArcelorMittal Nippon Steel India EBITDA up nearly 3x at $403 Mn in Q1

Business Line

Ø ‘Ageas may up stake in Federal Life to 74%’
Ø UK-India ETP is a critical stepping stone to enhance trade:Richard Heald
Ø India, EU to launch talks on investment protection, GIs
Ø Mahindra Group to set up mobility design centre in UK
Ø Sundram Fasteners posts highest-ever net of ₹130 crore in March quarter
Ø Raymond stitches a profitable Q4

Mint

Ø Axis AMC eyes to collect ₹1,500-cr from global innovation fund of funds
Ø Pfizer-BioNTech can supply 3 billion vaccine doses this year
Ø Oil PSUs to set up medical oxygen plants at 100 locations
Ø Nirma Group’s cement arm Nuvoco Vistas Corp. files papers for Rs5,000 cr IPO
Ø IDFC MF changes name of dynamic equity fund to balanced advantage
Ø Centre gives tax concession to five SWFs

Financial Express

Ø COVID second wave can hit energy demand in April-June quarter: Report
Ø Netherland’s SHV buys Neev’s stake in SunSource Energy
Ø Cognizant Q1 net up 37.6 pc to $505 million; expects to log 7-9% revenue growth in FY2021

Business World

Ø Rupee Rises 13 Paise To Settle At 73.78 Against US Dollar
Ø Sensex, Nifty Rise For 2nd Day; Auto, IT Stocks Take Charge
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One more ETF Discovered
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Difference between bulk and block deal.
Question asked in today Live Session.
😂😂
❤️NPS Return for Retirement: till now is: 12%
❤️12%CAGR at this Market conditions is not a bad return in NPS and my 25% investment is in debt fund and rest 75% in Equity.
❤️Ex: if your aga is 30 years
And if you invested rs. 10L (75% in equity and 25% in debt) till retirement.
Years Left: 30
At the rate of 12% without doing anything your 10L becomes 3 crore in NPS (Img attached)
❤️Suppose at retirement annuity rate is 3% then fir from 3cr your yearly income is 9L till life.
❤️if we calculate monthly then 9L/12=rs.almost 75,000 per month Income.
❤️Invest to Earn 💰 not to Burn ~ Learning Mirror
So, your 10L will give to 75K per month for whole life.
Those who don't know about annuities will make a separate video for them.
Tooooo much query on this topic after huge loss from short selling and don't want to pay money back to broker. All Research work done by me and you will get a detailed video on this topic by tomorrow. Stay Tuned and Keep Learning ~ Learning Mirror