GST collection hit All time high of 2.1 Lakh crore in month of April 2024📈
Feedback
87
All Posts
80
Post Reps
734
Comment Reps
May 2023
11
Followers
4
Following
Posts
Paper Trades
Stocks
April brings funding cheer to Indian startups.
Indian startups recorded $726 million in 68 deals, from $298 million in 43 deals in April of 2023 a spike of about 144%.
Godrej to split into two.Adi and brother Nadir keeping the listed entities while cousin Jamshyd gets the control of unlisted companies and the land bank
RBI has decided to maintain the current investment limits for foreign investors (FPI) in government bonds, state loans, and corporate bonds. These limits will stay at 6%, 2%, and 15% of the total outstanding securities, respectively, for the ongoing fiscal year.
Credit card spends rise 27% in FY24
42% small caps delivered negative absolute returns between Dec- March 2024
Month till date, FIIs have sold ₹22,230 crores worth of stocks.
The primary reason for this FIIs selling trigger is the tweak in the tax treaty with Mauritius 🇲🇺,
Which would now impose higher scrutiny on investments made in India via the Island nation.
🇲🇺🤝🇮🇳
@singhappily big player things😅
Crude Oil Import Bill:
FY23: $157.5 bn
FY24: $132.4 bn🚨⬇️🍀
Discounts on a steady stream of Russian crude have led to India’s crude oil import bill shrinking by 15.9% ⬇️even as import volumes remained the same.
🚨💰💰📈Adani family invests ₹8,339 cr more in Ambuja Cements;
their stake rises to 70.3% in the company now📈
With this, the Adani family has infused a total of ₹20,000 crore into the country’s second largest listed cement maker and increased its stake further by 3.6% to around...
Apple is in talks with the Murugappa Group and Tata Group's Titan Company to assemble and produce sub-components for iPhone camera modules.
*Aditya Birla to launch mega Super App (ABCD)*
Aditya Birla Capital set to launch its mega direct-to-customer fintech app ABCD (Aditya Birla Capital Digital) offering various financial products on a single digital platform. It is expected to open to customers on April 16.
From pa...
literally every single person is expecting a fall..but Indian markets always suprise us.. I'll wait till morning volatility settles and trade with clear price action
Tata Electronics🤝🏻TESLA
Tesla has signed a strategic deal with Tata Electronics to acquire semiconductor chips for its worldwide operations.
The reported deal shows that Tesla is interested in building a supply chain in India that goes beyond local revenue generation.
@singhappily honestly I'm clueless sir😅
Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) is in advanced talks to invest up to $2 billion in non-bank lender HDB Financial Services Ltd, a subsidiary of HDFC Bank Ltd at a valuation of $10 billion.
Currently HDFC Bank holds a 95% stake in the NBFC arm.
*Vodafone Idea's Rs 18,000-cr FPO*
Investment firm GQG Partners and SBI Mutual Fund are considering investing up to $800 million (approximately Rs 6,500 crore) in total in a $2.16 billion FPO.
GQG, plans to invest about $500 million, while SBI Mutual Fund is considering an invest...
*HAL bags biggest order*
The Indian government placed a massive order for LCA Mark 1A fighter jets with Hindustan Aeronautics Limited (HAL). This is the biggest domestic military equipment purchase ever made by India, with a value of Rs 65,000 crore.
*PAYTM STAKE HIKE*
Domestic retail investors hiked their stakes in Paytm.
As per the latest shareholding pattern for the quarter ended March 2024, retail investors held 14.53% stake in Paytm, a jump from 12.85%.
MFs held 6.15% in Paytm for the three months ended March 31, from 4...
TESLA🤝🏻Reliance
American electric vehicle giant is considering the prospect of a joint venture with Reliance to construct a manufacturing facility within the country.
Company is looking various locations, including Gujarat and Maharashtra, as potential sites for the plant. Maha...