🇮🇳 *FACTS ABOUT INDIA* 🇮🇳
==========================
*Bhagat Singh*
( *Born* : 27 September 1907, Banga, Pakistan
*Martyed* : 23 March 1931, Lahore Central Jail, Lahore, Pakistan due to
Execution by hanging till death) He was an Indian socialist revolutionary whose two acts of dramatic violence against the British in India and execution at age 23 made him a folk hero of the Indian independence movement.
==========================
*😀Thought of the day*
==========================
A friend is someone who understand your past, believes in your future, and accepts you today just the way you are. ==========================
*JOKE OF THE DAY*
==========================
*Frnd* : Aaj TV pe 30 feet ka saap dikhane wale h.
*Pappu* : Acha
Par mai nhi dekh pawunga.
*Frnd* : kyu...?
*Pappu* : Mera TV to 21 inch ka hi hai😆🤪
==========================
*😳WHY❓❓❓*
==========================
*Why Scale forms mostly in water heaters*
*Boiler scale* is caused by impurities being precipitated out of the water directly on heat transfer surfaces or by suspended matter in water settling out on the metal and becoming hard and adherent. ... Scale is formed by salts that have limited solubility but are not totally insoluble in boiler water
===========================
*LEARN Sanskrit*🙏🏻
==========================
*अहम् पठामि* - I read
*यूयम् पठथ* - you all read
==========================
🤔 *HOW IT WORKS* ⁉️ =========================
*Why Scale forms mostly in water heaters*
*Boiler scale* is caused by impurities being precipitated out of the water directly on heat transfer surfaces or by suspended matter in water settling out on the metal and becoming hard and adherent. ... Scale is formed by salts that have limited solubility but are not totally insoluble in boiler water
==========================
💁🏻♂ *GK TODAY*
==========================
*The Comprehensive Nuclear-Test-Ban Treaty (CTBT)* is a multilateral treaty that bans all nuclear tests, for both civilian and military purposes, in all environments.
×××××÷÷÷÷÷×××××
*28 September - International Day For Universal Access To Information (IDUAI)*
International Day For Universal Access To Information (IDUAI) 2021 is observed on 28 September every year. The day focuses on the right to seek, receive, and impart information.
==========================
*BORN TODAY* 🐣💐
==========================
Lata Mangeshkar (born 28 September 1929) is an Indian playback singer and music director.
She is one of the best-known and most respected playback singers in India.
In 2001, in recognition of her contributions to the nation, she was awarded the Bharat Ratna, India's highest civilian honour and is only the second vocalist, after
M.S. Subbulakshmi, to receive this honour.
She has four siblings—Meena Khadikar, Asha Bhosle, Usha Mangeshkar, and Hridaynath Mangeshkar
==========================
🙏🏻 *IDIOMS & PHRASES*
==========================
*‘You can’t judge a book by its cover’* – to not judge someone or something based solely on appearance.
*Eg* : “The candidate did not look very intelligent, but you can't judge a book by its cover.
==========================
🛕 *VEDIK GYAN*
(kindly inform, if given info is vary from actual facts🙏🏻) ==========================
*Shakuni* also known as Saubala He is the main antagonist in the epic Mahabharata. He was the brother of Gandhari and hence Duryodhana's maternal uncle. His Children
Uluka, Vrikaasur, Patatri and Vriprachitti.
In the Mahabharata, Shakuni's hatred towards Hastinapura developed when Bhishma approached King Subala with a marriage proposal for Shakuni's sister Gandhari's, to the blind Kaurava prince Dhritarashtra. Shakuni hated the idea of Gandhari's marriage with the blind prince of Hastinapura. Gandhari covered her eyes on her will to share her blindness. Shakuni's anger grew when Dhritarashtra was first denied to inherit the throne of Hastinapura. After the event, Shakuni started to interfere in the matters of Hastinapura.
==========================
*Bhagat Singh*
( *Born* : 27 September 1907, Banga, Pakistan
*Martyed* : 23 March 1931, Lahore Central Jail, Lahore, Pakistan due to
Execution by hanging till death) He was an Indian socialist revolutionary whose two acts of dramatic violence against the British in India and execution at age 23 made him a folk hero of the Indian independence movement.
==========================
*😀Thought of the day*
==========================
A friend is someone who understand your past, believes in your future, and accepts you today just the way you are. ==========================
*JOKE OF THE DAY*
==========================
*Frnd* : Aaj TV pe 30 feet ka saap dikhane wale h.
*Pappu* : Acha
Par mai nhi dekh pawunga.
*Frnd* : kyu...?
*Pappu* : Mera TV to 21 inch ka hi hai😆🤪
==========================
*😳WHY❓❓❓*
==========================
*Why Scale forms mostly in water heaters*
*Boiler scale* is caused by impurities being precipitated out of the water directly on heat transfer surfaces or by suspended matter in water settling out on the metal and becoming hard and adherent. ... Scale is formed by salts that have limited solubility but are not totally insoluble in boiler water
===========================
*LEARN Sanskrit*🙏🏻
==========================
*अहम् पठामि* - I read
*यूयम् पठथ* - you all read
==========================
🤔 *HOW IT WORKS* ⁉️ =========================
*Why Scale forms mostly in water heaters*
*Boiler scale* is caused by impurities being precipitated out of the water directly on heat transfer surfaces or by suspended matter in water settling out on the metal and becoming hard and adherent. ... Scale is formed by salts that have limited solubility but are not totally insoluble in boiler water
==========================
💁🏻♂ *GK TODAY*
==========================
*The Comprehensive Nuclear-Test-Ban Treaty (CTBT)* is a multilateral treaty that bans all nuclear tests, for both civilian and military purposes, in all environments.
×××××÷÷÷÷÷×××××
*28 September - International Day For Universal Access To Information (IDUAI)*
International Day For Universal Access To Information (IDUAI) 2021 is observed on 28 September every year. The day focuses on the right to seek, receive, and impart information.
==========================
*BORN TODAY* 🐣💐
==========================
Lata Mangeshkar (born 28 September 1929) is an Indian playback singer and music director.
She is one of the best-known and most respected playback singers in India.
In 2001, in recognition of her contributions to the nation, she was awarded the Bharat Ratna, India's highest civilian honour and is only the second vocalist, after
M.S. Subbulakshmi, to receive this honour.
She has four siblings—Meena Khadikar, Asha Bhosle, Usha Mangeshkar, and Hridaynath Mangeshkar
==========================
🙏🏻 *IDIOMS & PHRASES*
==========================
*‘You can’t judge a book by its cover’* – to not judge someone or something based solely on appearance.
*Eg* : “The candidate did not look very intelligent, but you can't judge a book by its cover.
==========================
🛕 *VEDIK GYAN*
(kindly inform, if given info is vary from actual facts🙏🏻) ==========================
*Shakuni* also known as Saubala He is the main antagonist in the epic Mahabharata. He was the brother of Gandhari and hence Duryodhana's maternal uncle. His Children
Uluka, Vrikaasur, Patatri and Vriprachitti.
In the Mahabharata, Shakuni's hatred towards Hastinapura developed when Bhishma approached King Subala with a marriage proposal for Shakuni's sister Gandhari's, to the blind Kaurava prince Dhritarashtra. Shakuni hated the idea of Gandhari's marriage with the blind prince of Hastinapura. Gandhari covered her eyes on her will to share her blindness. Shakuni's anger grew when Dhritarashtra was first denied to inherit the throne of Hastinapura. After the event, Shakuni started to interfere in the matters of Hastinapura.
In a non-Mahabharata version, it is said that, being a Mangalik, Gandhari was married to a tree (some say a goat) prior to her marriage to Dhritarashtra, in order to nullify the defect. On hearing of this, a disgusted Dhritarashtra ordered the extermination of Gandhara's royal line. Shakuni, his father, Subala and Subala's other hundred sons were captured and put in a prison. One grain was served to every person. Knowing that Shakuni was the smartest, Subala and his 99 sons sacrificed their lives and provided their share of grain to Shakuni. Later, they all died and Shakuni vowed to destroy Hastinapura
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*Tulsi tea* helps in maintaining the level of cortisol hormone in the body which is also known as the stress hormone. Tulsi tea lowers the levels of cortisol, which may reduce your overall stress as well as anxiety. Sipping on tulsi tea will also help in lowering the blood sugar level.
Tulsi tea helps prevent certain respiratory illnesses ranging from cold and cough to bronchitis and asthma. It has immunomodulatory (helps to enhance immunity), antitussive (helps relieving cough) and expectorant (helps in expelling out the phlegm) properties that provide relief in the respiratory system
*INGREDIENTS OF TULSI TEA*
Ingredients for Glass
7 leaves basil
1 inch ginger
1 teaspoon honey
1 dash lemon juice
2 green cardamom
3 cup water
==========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️
÷÷÷÷÷÷ *Samapath*÷÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
*Telegram Link.*
╭──────────────────╮
*🙏PLZ FOLLOW the GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰──────────────────╯
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*Tulsi tea* helps in maintaining the level of cortisol hormone in the body which is also known as the stress hormone. Tulsi tea lowers the levels of cortisol, which may reduce your overall stress as well as anxiety. Sipping on tulsi tea will also help in lowering the blood sugar level.
Tulsi tea helps prevent certain respiratory illnesses ranging from cold and cough to bronchitis and asthma. It has immunomodulatory (helps to enhance immunity), antitussive (helps relieving cough) and expectorant (helps in expelling out the phlegm) properties that provide relief in the respiratory system
*INGREDIENTS OF TULSI TEA*
Ingredients for Glass
7 leaves basil
1 inch ginger
1 teaspoon honey
1 dash lemon juice
2 green cardamom
3 cup water
==========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️
÷÷÷÷÷÷ *Samapath*÷÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
*Telegram Link.*
╭──────────────────╮
*🙏PLZ FOLLOW the GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰──────────────────╯
Telegram
Shuboudhay Daily News
You’ve been invited to join this group on Telegram.
World Markets
Dow + 71
Nasdaq - 78
Dax + 42
Nikkei - 205
Hangseng + 41
Sgxnifty - 2 (17860)
Brent Crude 78.45
Dow Fut - 42
Dollar Index 93.47
Dow + 71
Nasdaq - 78
Dax + 42
Nikkei - 205
Hangseng + 41
Sgxnifty - 2 (17860)
Brent Crude 78.45
Dow Fut - 42
Dollar Index 93.47
*Business News Headlines* 🇮🇳
*Economic Times*
Ø REC gets shareholders' nod to raise up to Rs 85,000 cr via bonds, debentures
Ø NTPC wins 1.9 GW solar projects under CPSU scheme
Ø SpiceJet to resume Boeing 737 MAX flights from October 5
Ø Tata Group plans to bring all its airlines under a single entity
Ø Reliance eyes stake in Glance InMobi in a $300-million deal
Ø JSPL to start mining at Kasia mine within a month: Managing director V R Sharma
Ø Indus Towers unlikely to benefit from relief package soon
Ø HDFC Bank aims to double rural presence in 2 years
Ø RBI imposes Rs 2 crore penalty on RBL Bank
Ø Jio leads active wireless subscriber base, adds in July 6.1 million users: Trai data
Ø Shriram Housing Finance explores acquisition to grow in size
*Business Standard*
Ø Govt intends to complete BPCL disinvestment by March-end: Company chairman
Ø Oil Ministry mulls reinstating subsidised LPG prices, does survey
Ø Raymond consolidates tools & hardware, auto parts biz into engineering biz
Ø Coal shortage deepens in India amid plunging plant inventories
Ø Govt to borrow Rs 5.03 trn in H2FY22 to fund revenue gap: Finance Ministry
Ø Aditya Birla AMC eyes Rs 20,500 cr valuation in Rs 2,768 cr IPO
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Govt will mandate flex-fuel engines in vehicles in next 3-4 months: Gadkari
Ø Govt to extend existing foreign trade policy till March next: Goyal
*Financial Express*
Ø Basmati export prices looking up, amid drop seen in output
Ø Sebi confirms ban on 5 persons in Zee insider trading case
Ø Sebi releases revised risk management framework for MFs
Ø Corporate shareholders of Finolex Cables call board meets ahead of AGM
Ø Bond yields rise on sharp increase in oil prices
Ø Commerce Ministry for imposing anti-dumping duty on pharma API from China
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
*Mint*
Ø Paint manufacturers may face disruption from chip shortage
Ø Sebi proposes higher net worth for brokers to tackle possible risks
Ø Merger mania is only part of the solution for asset managers
Ø The Sony-Zee game plan for Indian Premier League
Ø Sugar makers are in a sweet spot, but cane prices can be a bugbear
Ø RBI push to independently set reverse repo rate draws flak
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'
Ø Cognizant’s Humphries struggles to build stable leadership
Ø Federal Bank partners with NPCI to launch credit card with lowest APR
Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals
Ø HDFC Bank raises ₹5,000 crore via bonds
*Economic Times*
Ø REC gets shareholders' nod to raise up to Rs 85,000 cr via bonds, debentures
Ø NTPC wins 1.9 GW solar projects under CPSU scheme
Ø SpiceJet to resume Boeing 737 MAX flights from October 5
Ø Tata Group plans to bring all its airlines under a single entity
Ø Reliance eyes stake in Glance InMobi in a $300-million deal
Ø JSPL to start mining at Kasia mine within a month: Managing director V R Sharma
Ø Indus Towers unlikely to benefit from relief package soon
Ø HDFC Bank aims to double rural presence in 2 years
Ø RBI imposes Rs 2 crore penalty on RBL Bank
Ø Jio leads active wireless subscriber base, adds in July 6.1 million users: Trai data
Ø Shriram Housing Finance explores acquisition to grow in size
*Business Standard*
Ø Govt intends to complete BPCL disinvestment by March-end: Company chairman
Ø Oil Ministry mulls reinstating subsidised LPG prices, does survey
Ø Raymond consolidates tools & hardware, auto parts biz into engineering biz
Ø Coal shortage deepens in India amid plunging plant inventories
Ø Govt to borrow Rs 5.03 trn in H2FY22 to fund revenue gap: Finance Ministry
Ø Aditya Birla AMC eyes Rs 20,500 cr valuation in Rs 2,768 cr IPO
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Govt will mandate flex-fuel engines in vehicles in next 3-4 months: Gadkari
Ø Govt to extend existing foreign trade policy till March next: Goyal
*Financial Express*
Ø Basmati export prices looking up, amid drop seen in output
Ø Sebi confirms ban on 5 persons in Zee insider trading case
Ø Sebi releases revised risk management framework for MFs
Ø Corporate shareholders of Finolex Cables call board meets ahead of AGM
Ø Bond yields rise on sharp increase in oil prices
Ø Commerce Ministry for imposing anti-dumping duty on pharma API from China
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
*Mint*
Ø Paint manufacturers may face disruption from chip shortage
Ø Sebi proposes higher net worth for brokers to tackle possible risks
Ø Merger mania is only part of the solution for asset managers
Ø The Sony-Zee game plan for Indian Premier League
Ø Sugar makers are in a sweet spot, but cane prices can be a bugbear
Ø RBI push to independently set reverse repo rate draws flak
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'
Ø Cognizant’s Humphries struggles to build stable leadership
Ø Federal Bank partners with NPCI to launch credit card with lowest APR
Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals
Ø HDFC Bank raises ₹5,000 crore via bonds
*Market kya lagta hain @ 7.30 am – Tuesday, September 28th 2021.*
*SGX Nifty (+7, 17852)*
SGX Nifty is treading water and you can *blame it to the Oil prices* which have climbed to their highest level in three years as tight supply fuels a crude rally and demand in some parts of the world recovers faster.
The other important reason for the current crude rally was last month’s *Hurricane Ida*- which outages badly hit supply in the US and offset the ramp-up in OPEC+ production that the bloc’s members agreed to increase last July.
Well, spiking energy shortages could threaten to develop into *a full-blown crisis* for Indian economy and most importantly, *the airlines sector.*
Our *call of the day* however suggests the benchmark Nifty shall survive and prosper. Worst come, it could pan out to be more of a sideways market than anything…
*Long story short:* *A dim oil lit lamp may flicker but never falter.*
*Technically speaking*, the biggest make-or-break interweek support for Nifty seen at 17701 mark. So, *the line in the sand is Nifty’s 17701 support.* If Nifty’s 17701 support holds then we suspect Nifty still has the fire power to touch the magical 18000 mark.
# Our *chart of the day* is bullish on stocks like NAZARA TECHNOLOGIES, ADANI ENTERPRSES, ADANI PORTS and DIXON with an interweek perspective.
# *The 1 Stock to Buy Right Now:*
*BUY NAZARA TECHNOLOGIES.*
At CMP 2280 and ADD on Dips 2000-2050 zone.
Targets – 2451/2750.
Stop Loss on closing basis – 1901.
Holding Period: Up to 90 Days.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*SGX Nifty (+7, 17852)*
SGX Nifty is treading water and you can *blame it to the Oil prices* which have climbed to their highest level in three years as tight supply fuels a crude rally and demand in some parts of the world recovers faster.
The other important reason for the current crude rally was last month’s *Hurricane Ida*- which outages badly hit supply in the US and offset the ramp-up in OPEC+ production that the bloc’s members agreed to increase last July.
Well, spiking energy shortages could threaten to develop into *a full-blown crisis* for Indian economy and most importantly, *the airlines sector.*
Our *call of the day* however suggests the benchmark Nifty shall survive and prosper. Worst come, it could pan out to be more of a sideways market than anything…
*Long story short:* *A dim oil lit lamp may flicker but never falter.*
*Technically speaking*, the biggest make-or-break interweek support for Nifty seen at 17701 mark. So, *the line in the sand is Nifty’s 17701 support.* If Nifty’s 17701 support holds then we suspect Nifty still has the fire power to touch the magical 18000 mark.
# Our *chart of the day* is bullish on stocks like NAZARA TECHNOLOGIES, ADANI ENTERPRSES, ADANI PORTS and DIXON with an interweek perspective.
# *The 1 Stock to Buy Right Now:*
*BUY NAZARA TECHNOLOGIES.*
At CMP 2280 and ADD on Dips 2000-2050 zone.
Targets – 2451/2750.
Stop Loss on closing basis – 1901.
Holding Period: Up to 90 Days.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
Reliance Retail ventures into online cosmetics business ahead of Nykaa's IPO
https://www.moneycontrol.com/news/business/companies/reliance-retail-ventures-into-online-cosmetics-business-ahead-of-nykaas-ipo-7505331.html
https://www.moneycontrol.com/news/business/companies/reliance-retail-ventures-into-online-cosmetics-business-ahead-of-nykaas-ipo-7505331.html
Moneycontrol
Reliance Retail Ventures Into Online Cosmetics Business Ahead Of Nykaa’s IPO
Reliance Retail plans to launch an online marketplace as well as a chain of offline stores to sell personal care and cosmetics products, according to report in a business daily. The venture has the potential to disrupt the personal care and cosmetics products…
28 SEP,2021
BAN SCRIP-
CANBK
ESCORTS
IDEA
SAIL
SUNTV
ZEEL
*New in Ban- SUNTV*
*Out Of Ban- IBULHSGFIN,IRCTC,PNB*
BAN SCRIP-
CANBK
ESCORTS
IDEA
SAIL
SUNTV
ZEEL
*New in Ban- SUNTV*
*Out Of Ban- IBULHSGFIN,IRCTC,PNB*
One more news for GSFC
World 2nd largest ammonia producer cut 40% production
Yara International (4.9 million tonnes capacity) have curtailed 40% of its European ammonia production due to rising natural gas prices. Europe is still expected to import ammonia for its nitrate fertiliser plants from other regions of the world, where gas prices may still be lower. Apart from weather concerns, tight supply and high demand kept the prices higher.
Indian Farmers Fertilisers Coop Ltd, National Fertilizers Ltd, Krishak Bharati Co-operative Ltd, Rashtriya Chemicals and Fertilizers Ltd, and Chambal Fertilisers and Chemicals Ltd together accounted for >50% of the ammonia capacity in India. In India, the main segments that consume ammonia are Urea and Ammonium Phosphate. These segments accounted for almost >85% of the ammonia demand in the country. (GSFC has ~9Lac tonnes capacity which is mainly for captive consumption.)*
Ammonia prices were up ~22% QoQ to USD670/MT(source: Bloomberg)
World 2nd largest ammonia producer cut 40% production
Yara International (4.9 million tonnes capacity) have curtailed 40% of its European ammonia production due to rising natural gas prices. Europe is still expected to import ammonia for its nitrate fertiliser plants from other regions of the world, where gas prices may still be lower. Apart from weather concerns, tight supply and high demand kept the prices higher.
Indian Farmers Fertilisers Coop Ltd, National Fertilizers Ltd, Krishak Bharati Co-operative Ltd, Rashtriya Chemicals and Fertilizers Ltd, and Chambal Fertilisers and Chemicals Ltd together accounted for >50% of the ammonia capacity in India. In India, the main segments that consume ammonia are Urea and Ammonium Phosphate. These segments accounted for almost >85% of the ammonia demand in the country. (GSFC has ~9Lac tonnes capacity which is mainly for captive consumption.)*
Ammonia prices were up ~22% QoQ to USD670/MT(source: Bloomberg)
https://mybs.in/2ZhYLKX Markets regulator Sebi cancels registration certificates of two brokers
Business-Standard
Markets regulator Sebi cancels registration certificates of two brokers
The brokers were members of NSEL and had facilitated trading in paired contracts on the NSEL platform.
🌟Good Morning All🌟
☀️ Share K Saudagars' Exclusive Morning Market News & Update☀️
🍁BPCL: Plans invest Rs 1 lakh crore over next 5 years in raising petrochemical production capacity, gas business, clean fuel, and augmenting marketing infrastructure, Chairman Arun Kumar Singh said during a conference. The company is also looking to create a 1,000 MW portfolio of renewable power generation capacity, mostly through acquisitions while also invest in biofuels and hydrogen, he added. The company plans to shut Bina plant for work next year; expects Mumbai plant to restart in first half of October. Divestment is expected by March.
🍁Allcargo Logistics: The company is considering selling a stake in its container shipping firm ECU Worldwide, according to a Bloomberg report. The company is working with an adviser on the sale of the stake. Allcargo is seeking a deal that would value ECU at about $1 billion.
🍁RIL: The company is in talks to buy a stake in Glance InMobi Pte, according to a Bloomberg report. RIL is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google.
🍁Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary of the company, has signed share subscription agreement with April Moon Retail and its existing shareholders--Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja--for the purpose of strategic partnership to operate duty free outlets in airports. Adani Airport Holdings to own 74% of April Moon Retail.
🍁Paisalo Digital: State Bank of India has signed a Service Level Agreement with the company, National Corporate Business Correspondent of the Bank, for promoting financial inclusion by providing banking services through kiosks.
🍁RBL Bank: RBI has imposed Rs 2 crore penalty on the bank for contravention of norms on maintaining deposits and guidelines governing appointment of directors on board. RBL Bank had opened five savings deposit accounts in the name of a cooperative bank, RBI said. Report for inspection of supervisory evaluation for FY19 revealed non-compliance.
🍁HDFC: Seeks to raise up to Rs 6000 crore via issue of secured NCDs private placement.
🍁NTPC: The company has won 1.9 GW solar projects under CPSU scheme.
🍁Websol Energy System: The Websol Module has been approved by the Government of India under the list of Approved Module Manufacturer. The company has also received approval of its module from BIS and IEC61215. The ALMM list and BIS certification has made Websol modules eligible to be sold in the domestic market for the project approved under the various schemes of the government.
🍁Raymond: Approves consolidation of the tools & hardware and auto components businesses into unit JK Files and real estate business wholly-owned unit
🍁IndiGo cut to Neutral at Goldman; price target Rs 1,950
Insider Trades
🎯Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 50,000 shares on September 23.
🎯Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 3,877 shares on September 24.
🎯Brigade Enterprises: Promoter MR Shivram (HUF) sold 12,000 shares on September 23.
🎯Glenmark Pharmaceuticals: Promoter Glenn Saldanha bought 9,800 shares on September 24.
🎯Greenlam Industries: Promoter Saurabh Mittal sold 2.41 lakh shares on September 27.
🎯NRB Bearings: Promoter Harshbeena Zaveri bought 71,891 shares between September 21-24.
🎯Rajapalayam Mills: Promoter PV Nirmala Raju bought 25,130 shares on September 24.
Trading Tweaks
🔥Ex-Date AGM: BF Investment
🔥Ex-Date Final Dividend: Bajaj Healthcare
🔥Ex-Date Interim Dividend: Bajaj Holdings & Investment
🔥Ex-Date Special Dividend: Bajaj Healthcare
🔥Ex-Date Stock Split: Bajaj Healthcare
🔥Record Date Stock Split: Indo Borax
🔥Record Date Rights Issue: Bharti Airtel
🔥Record Date Interim Dividend: Cosmo Films
🔥Price Band Revised From 10% To 5%: Acrysil, Marathon Nextgen Realty
🔥Move Out Of Short-Term ASM Framework: Yes Bank
Money Market Update
🔸The rupee ended at 73.84 against the U.S. Dollar on Monday as compared to Friday's closing of 73.69.
☀️ Share K Saudagars' Exclusive Morning Market News & Update☀️
🍁BPCL: Plans invest Rs 1 lakh crore over next 5 years in raising petrochemical production capacity, gas business, clean fuel, and augmenting marketing infrastructure, Chairman Arun Kumar Singh said during a conference. The company is also looking to create a 1,000 MW portfolio of renewable power generation capacity, mostly through acquisitions while also invest in biofuels and hydrogen, he added. The company plans to shut Bina plant for work next year; expects Mumbai plant to restart in first half of October. Divestment is expected by March.
🍁Allcargo Logistics: The company is considering selling a stake in its container shipping firm ECU Worldwide, according to a Bloomberg report. The company is working with an adviser on the sale of the stake. Allcargo is seeking a deal that would value ECU at about $1 billion.
🍁RIL: The company is in talks to buy a stake in Glance InMobi Pte, according to a Bloomberg report. RIL is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google.
🍁Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary of the company, has signed share subscription agreement with April Moon Retail and its existing shareholders--Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja--for the purpose of strategic partnership to operate duty free outlets in airports. Adani Airport Holdings to own 74% of April Moon Retail.
🍁Paisalo Digital: State Bank of India has signed a Service Level Agreement with the company, National Corporate Business Correspondent of the Bank, for promoting financial inclusion by providing banking services through kiosks.
🍁RBL Bank: RBI has imposed Rs 2 crore penalty on the bank for contravention of norms on maintaining deposits and guidelines governing appointment of directors on board. RBL Bank had opened five savings deposit accounts in the name of a cooperative bank, RBI said. Report for inspection of supervisory evaluation for FY19 revealed non-compliance.
🍁HDFC: Seeks to raise up to Rs 6000 crore via issue of secured NCDs private placement.
🍁NTPC: The company has won 1.9 GW solar projects under CPSU scheme.
🍁Websol Energy System: The Websol Module has been approved by the Government of India under the list of Approved Module Manufacturer. The company has also received approval of its module from BIS and IEC61215. The ALMM list and BIS certification has made Websol modules eligible to be sold in the domestic market for the project approved under the various schemes of the government.
🍁Raymond: Approves consolidation of the tools & hardware and auto components businesses into unit JK Files and real estate business wholly-owned unit
🍁IndiGo cut to Neutral at Goldman; price target Rs 1,950
Insider Trades
🎯Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 50,000 shares on September 23.
🎯Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 3,877 shares on September 24.
🎯Brigade Enterprises: Promoter MR Shivram (HUF) sold 12,000 shares on September 23.
🎯Glenmark Pharmaceuticals: Promoter Glenn Saldanha bought 9,800 shares on September 24.
🎯Greenlam Industries: Promoter Saurabh Mittal sold 2.41 lakh shares on September 27.
🎯NRB Bearings: Promoter Harshbeena Zaveri bought 71,891 shares between September 21-24.
🎯Rajapalayam Mills: Promoter PV Nirmala Raju bought 25,130 shares on September 24.
Trading Tweaks
🔥Ex-Date AGM: BF Investment
🔥Ex-Date Final Dividend: Bajaj Healthcare
🔥Ex-Date Interim Dividend: Bajaj Holdings & Investment
🔥Ex-Date Special Dividend: Bajaj Healthcare
🔥Ex-Date Stock Split: Bajaj Healthcare
🔥Record Date Stock Split: Indo Borax
🔥Record Date Rights Issue: Bharti Airtel
🔥Record Date Interim Dividend: Cosmo Films
🔥Price Band Revised From 10% To 5%: Acrysil, Marathon Nextgen Realty
🔥Move Out Of Short-Term ASM Framework: Yes Bank
Money Market Update
🔸The rupee ended at 73.84 against the U.S. Dollar on Monday as compared to Friday's closing of 73.69.
STOCKS TO WATCH: PAISALO DIGITAL, HDFC, IGL, BPCL, RELIANCE, WHIRLPOOL INDIA, NTPC, RAYMOND
World Markets
Dow + 71
Nasdaq - 78
Dax + 42
Nikkei - 205
Hangseng + 41
Sgxnifty - 2 (17860)
Brent Crude 78.45
Dow Fut - 42
Dollar Index 93.47
Dow + 71
Nasdaq - 78
Dax + 42
Nikkei - 205
Hangseng + 41
Sgxnifty - 2 (17860)
Brent Crude 78.45
Dow Fut - 42
Dollar Index 93.47
Britain’s energy woes trap vulnerable sector in perfect storm
https://insider-voice.com/britains-energy-woes-trap-vulnerable-sector-in-perfect-storm/
https://insider-voice.com/britains-energy-woes-trap-vulnerable-sector-in-perfect-storm/
Insider Voice
Britain's energy woes trap vulnerable sector in perfect storm - Insider Voice
Peter McGirr wanted to modernize the British consumer energy market when he founded Green three years ago, creating a customer base of more than 250,000 homes. Now, with the industry in crisis, he says it is “incredibly unlikely” that the Newcastle-based…
https://marcellus.in/blogs/credit-growth-and-per-capita-income-an-unforeseen-relationship/ retail credit is expected to grow by a CAGR of 17% for private sector banks and by 9% CAGR for public sector banks until 2026
Marcellus
Credit Growth And Per Capita Income – An Unforeseen Relationship - Marcellus
Globally, the relationship between overall credit growth and GDP growth is no longer as strong as it used to be three decades ago. However, in India’s case, the relationship, even though weaker as compared to the 1990s, is still robust. Moreover, as a country…