29/12/2023
@AlliesFin
BSE:-170(72240)
NSE:-47(21731)
MID:+311(36839)
SML:+291(42673)
FII|FPI:+1459Cr
DII:+554Cr
B.Crude: 77
Gold$:2067=INR: 63232
Silver: 74156
$/Rs: 83.21
7.18 : 2033 G-Sec: 7.17
NSE PE: 23.17
T.me/AlliesFin
🌟
@AlliesFin
BSE:-170(72240)
NSE:-47(21731)
MID:+311(36839)
SML:+291(42673)
FII|FPI:+1459Cr
DII:+554Cr
B.Crude: 77
Gold$:2067=INR: 63232
Silver: 74156
$/Rs: 83.21
7.18 : 2033 G-Sec: 7.17
NSE PE: 23.17
T.me/AlliesFin
🌟
Elon Musk’s Starlink was trying to beat Jio in India
But Jio used its 1st mover’s advantage to stop them in their tracks
*The SHOCKER? Indian Gov is changing a 138 year old law to bring Starlink back in the game*
*How Elon is rethinking internet & can possibly kill Jio*
In 2016, when most of us were witnessing a business disruption standing in queues to get our hands on the free Jio sim card,
12,869 miles away at Rocket Road, California, a group of engineers were planning a technological disruption.
Their goal? Rethink internet access.
Their solution? Satellite Internet.
Traditionally, we have been using internet that relies on cable wires, fiber optic lines, or cellular networks.
But making cable wires or fiber optic lines available in remote villages & hard terrains is not only costly but highly impractical as well.
And this is where satellite internet & Starlink by Elon Musk comes in.
Satellite Internet uses signals from satellites orbiting the Earth.
And Starlink is a collection of thousands of small satellites orbiting around 350 miles above the Earth.
It is designed to overcome the limitations of traditional internet infrastructure.
And provides high-speed, low-latency internet access to users around the world,
especially in remote and underserved areas.
First, let’s understand how satellite-based internet works.
There are 3 types of satellites used for satellite-based internet connections:
1️⃣ GEO (Geostationary Equatorial Orbit):
These satellites move at the same velocity as Earth and parallel to its rotation.
So they appear to be stationary in the sky.
They orbit the earth at 35,000 km above the surface.
2️⃣ MEO (Medium Earth Orbit):
MEO satellites orbit at a lower altitude than GEO, between 5,000 and 12,000 km above the surface.
Their relative proximity to Earth means they achieve far lower latency than GEO satellites.
3️⃣ LEO (Low Earth Orbit):
LEO satellites occupy the lowest orbit, between 400 – 1,600 km above the surface.
This proximity to Earth makes them ideal for very high-speed, low-latency transmissions.
Starlink uses LEO satellites which revolve around the Earth.
Because of their proximity to Earth, they have less signal travel time.
You can even see them in the night sky as a string of bright lights.
For the satellite internet to work, the user on the ground first connects to the Starlink dish — the user terminal.
The user terminal communicates with nearby Starlink satellites and forms a link to the larger Starlink network.
The satellites then form a mesh network, that allows them to pass data between each other and create global network coverage.
Starlink’s motto is — ‘virtually anywhere on earth without wires or cellphone towers.’
It started its operation in 2019 and true to its motto, it’s already available in over 65 countries,
— covering all 7 continents (including Antarctica!)
But Starlink hasn’t been able to make any progress in India.
Last year, it registered its business via a local unit Starlink Satellite Communications Pvt Ltd.
The company had planned to provide fast internet data at a subsidized price compared to the international market.
It had received 5,000+ pre-orders.
But the government said Starlink Internet Services doesn’t have the license to offer services in India.
And it asked Starlink to return people’s money.
Now, one company’s loss is another company’s gain.
In Feb this year, Reliance Jio partnered up with Luxembourg-based SES to provide satellite-based broadband services in India.
And created a joint venture called Jio Space Technology Ltd.
Their joint venture uses multi-orbit space networks, a combination of GEO & MEO satellites.
Starlink has already experimented with MEO & GEO satellites.
But they switched to LEO satellites to cover more area, provide better connectivity and low latency.
Moreover, Starlink and Jio Space aren’t the only contenders for India’s space spectrum.
But Jio used its 1st mover’s advantage to stop them in their tracks
*The SHOCKER? Indian Gov is changing a 138 year old law to bring Starlink back in the game*
*How Elon is rethinking internet & can possibly kill Jio*
In 2016, when most of us were witnessing a business disruption standing in queues to get our hands on the free Jio sim card,
12,869 miles away at Rocket Road, California, a group of engineers were planning a technological disruption.
Their goal? Rethink internet access.
Their solution? Satellite Internet.
Traditionally, we have been using internet that relies on cable wires, fiber optic lines, or cellular networks.
But making cable wires or fiber optic lines available in remote villages & hard terrains is not only costly but highly impractical as well.
And this is where satellite internet & Starlink by Elon Musk comes in.
Satellite Internet uses signals from satellites orbiting the Earth.
And Starlink is a collection of thousands of small satellites orbiting around 350 miles above the Earth.
It is designed to overcome the limitations of traditional internet infrastructure.
And provides high-speed, low-latency internet access to users around the world,
especially in remote and underserved areas.
First, let’s understand how satellite-based internet works.
There are 3 types of satellites used for satellite-based internet connections:
1️⃣ GEO (Geostationary Equatorial Orbit):
These satellites move at the same velocity as Earth and parallel to its rotation.
So they appear to be stationary in the sky.
They orbit the earth at 35,000 km above the surface.
2️⃣ MEO (Medium Earth Orbit):
MEO satellites orbit at a lower altitude than GEO, between 5,000 and 12,000 km above the surface.
Their relative proximity to Earth means they achieve far lower latency than GEO satellites.
3️⃣ LEO (Low Earth Orbit):
LEO satellites occupy the lowest orbit, between 400 – 1,600 km above the surface.
This proximity to Earth makes them ideal for very high-speed, low-latency transmissions.
Starlink uses LEO satellites which revolve around the Earth.
Because of their proximity to Earth, they have less signal travel time.
You can even see them in the night sky as a string of bright lights.
For the satellite internet to work, the user on the ground first connects to the Starlink dish — the user terminal.
The user terminal communicates with nearby Starlink satellites and forms a link to the larger Starlink network.
The satellites then form a mesh network, that allows them to pass data between each other and create global network coverage.
Starlink’s motto is — ‘virtually anywhere on earth without wires or cellphone towers.’
It started its operation in 2019 and true to its motto, it’s already available in over 65 countries,
— covering all 7 continents (including Antarctica!)
But Starlink hasn’t been able to make any progress in India.
Last year, it registered its business via a local unit Starlink Satellite Communications Pvt Ltd.
The company had planned to provide fast internet data at a subsidized price compared to the international market.
It had received 5,000+ pre-orders.
But the government said Starlink Internet Services doesn’t have the license to offer services in India.
And it asked Starlink to return people’s money.
Now, one company’s loss is another company’s gain.
In Feb this year, Reliance Jio partnered up with Luxembourg-based SES to provide satellite-based broadband services in India.
And created a joint venture called Jio Space Technology Ltd.
Their joint venture uses multi-orbit space networks, a combination of GEO & MEO satellites.
Starlink has already experimented with MEO & GEO satellites.
But they switched to LEO satellites to cover more area, provide better connectivity and low latency.
Moreover, Starlink and Jio Space aren’t the only contenders for India’s space spectrum.
🏆1
When Startlink had to refund users for their pre-orders, OneWeb, which is backed by Airtel in India and Hughes Communication, came into play.
Tata group entity Nelco also partnered up with Canada's Telesat.
And Amazon’s Kuiper is going to launch satellites in 2024.
But why are so many companies vying for India’s space spectrum?
See, India has a population of 1.4 billion out of which 40% do not have internet access because they are in rural and remote areas.
And traditional terrestrial networks are not easy to install.
Hence, India’s satellite broadband service is expected reach $1.9 billion by 2030, growing at a CAGR of 36%.
Now, because India has so many contenders for its spectrum, the question arises
— who should get it?
Starlink and OneWeb wanted the government to assign licenses to companies, since spectrum is a natural resource that should be shared by companies.
But Jio wanted the government to auction the spectrum like it did with 4G & 5G 👀
Finally, the govt brought in some reforms & firstly dedicated a sole agency IN-SPACe to authorize space activities for govt & private satellite communication cos.
Before this reform, you had to get approval from Department of Telecommunication & Department of Space, separately.
And a bill has been proposed to replace the 138-year-old Indian Telegraph Act that currently governs the telecommunication sector.
So now, both Jio Space and OneWeb have received their GMPCS license from the Department of Telecommunication in India.
And Starlink is 3rd in line to recieve the GMPCS license after complying with the norms set by the Indian Government.
Jio and Airtel have even started testing their satellite internet services in the country under the beta phase.
In fact, JioSpace Fiber has been launched and is available in four of India's most remote locations including
- Gir, Gujarat
- Korba, Chhattisgarh
- Nabarangpur, Odisha
- ONGC-Jorhat, Assam
You might think that satellite-based internet service providers are new.
But HughesNet has been providing signal coverage from 22,000 miles above the Earth since 1996.
Starlink just improvised on it by using thousands of small satellites and providing global coverage.
The new Starlink Satellites even have laser communication elements to transmit signals between satellites at the speed of light, reducing dependency on ground stations.
Starlink also has the advantage of being part of SpaceX.
In addition to launching Starlink satellites, it also conducts regular partner launches.
Other satellite internet providers may not be able to schedule regular satellite launches due to the high-cost factors involved.
SpaceX aims to launch about 40,000 satellites in the near future, ensuring global and remote satellite coverage with reduced service outages.
Elon Musk is known for creating interlinked products.
A big need for self-driving cars is high-speed internet.
T.me/AlliesFin
And Starlink in India solves that, so having spectrum-based internet might even lead to self-driving cars in India.
Tata group entity Nelco also partnered up with Canada's Telesat.
And Amazon’s Kuiper is going to launch satellites in 2024.
But why are so many companies vying for India’s space spectrum?
See, India has a population of 1.4 billion out of which 40% do not have internet access because they are in rural and remote areas.
And traditional terrestrial networks are not easy to install.
Hence, India’s satellite broadband service is expected reach $1.9 billion by 2030, growing at a CAGR of 36%.
Now, because India has so many contenders for its spectrum, the question arises
— who should get it?
Starlink and OneWeb wanted the government to assign licenses to companies, since spectrum is a natural resource that should be shared by companies.
But Jio wanted the government to auction the spectrum like it did with 4G & 5G 👀
Finally, the govt brought in some reforms & firstly dedicated a sole agency IN-SPACe to authorize space activities for govt & private satellite communication cos.
Before this reform, you had to get approval from Department of Telecommunication & Department of Space, separately.
And a bill has been proposed to replace the 138-year-old Indian Telegraph Act that currently governs the telecommunication sector.
So now, both Jio Space and OneWeb have received their GMPCS license from the Department of Telecommunication in India.
And Starlink is 3rd in line to recieve the GMPCS license after complying with the norms set by the Indian Government.
Jio and Airtel have even started testing their satellite internet services in the country under the beta phase.
In fact, JioSpace Fiber has been launched and is available in four of India's most remote locations including
- Gir, Gujarat
- Korba, Chhattisgarh
- Nabarangpur, Odisha
- ONGC-Jorhat, Assam
You might think that satellite-based internet service providers are new.
But HughesNet has been providing signal coverage from 22,000 miles above the Earth since 1996.
Starlink just improvised on it by using thousands of small satellites and providing global coverage.
The new Starlink Satellites even have laser communication elements to transmit signals between satellites at the speed of light, reducing dependency on ground stations.
Starlink also has the advantage of being part of SpaceX.
In addition to launching Starlink satellites, it also conducts regular partner launches.
Other satellite internet providers may not be able to schedule regular satellite launches due to the high-cost factors involved.
SpaceX aims to launch about 40,000 satellites in the near future, ensuring global and remote satellite coverage with reduced service outages.
Elon Musk is known for creating interlinked products.
A big need for self-driving cars is high-speed internet.
T.me/AlliesFin
And Starlink in India solves that, so having spectrum-based internet might even lead to self-driving cars in India.
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Market News & Updates
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Motivation
*सोमवार से तेजी आएगी*
*अगले हफ्ते तेजी आएगी*
*अगले महीने तेजी आएगी*
*अगले क्वाटर मे तेजी आएगी*
*अगले साल मे तेजी आएगी*
सारे मुहर्त एक साथ आ रहे है अब 🔥🔥
*सोमवार से तेजी आएगी*
*अगले हफ्ते तेजी आएगी*
*अगले महीने तेजी आएगी*
*अगले क्वाटर मे तेजी आएगी*
*अगले साल मे तेजी आएगी*
सारे मुहर्त एक साथ आ रहे है अब 🔥🔥
👍1👌1
*News Headlines from Business News Agencies:*
*Business Standard*
📝 RBI extends Payments Infrastructure Development Fund scheme till 2025
📝 Automobile major M&M gets Rs 4.12 crore tax penalty; company to challenge
📝 OMCs hike procurement price of ethanol produced from C-heavy molasses
📝 Many Indian HNIs being asked by foreign banks to shut accounts: Report
📝 PhysicsWallah FY23 revenue up 3.4x, profitable for third consecutive year
📝 Registration of properties in Mumbai city may rise 33% in Dec: Report
📝 Former NITI Aayog VC Arvind Panagariya to lead 16th Finance Commission
📝 With localisation, electronics manufacturing to be $115 bn in 2024: Report
📝 Dec 2023 becomes highest funded month as startup investments cross $1.6 bn
📝 Exports to Australia see upward trend, owing to duty concessions under ECTA
📝 MICL Gr to invest Rs 50 cr for residential property redevelopment in Mumbai
📝 Microsoft rolls out Major Copilot update on Edge for Android, iOS
📝 Pharma lobby bats for drug approvals in India to align with global markets
*Economic Times*
📝 Reliance becomes first in India to use chemical recycling for circular polymers
📝 Indian steel demand boom to continue in FY24: Crisil
📝 Defence Secy inaugurates new design and test facility for Aero Engine R&D at HAL
📝 Major e-commerce trends that can reshape the industry in 2024
📝 Pine Labs FY23 revenue surges 56% to Rs 1,588 crore, losses dip marginally
📝 Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms
📝 Nvidia launches new gaming chip for China to comply with US export controls
📝 Indian households' net financial savings falls to 5.1% in FY23 from 11.5% in FY21 as liabilities rise
📝 MG Motor India to introduce seven new models in India in 2 years
📝 India will continue buying Russian oil, says FM Nirmala Sitharaman
📝 Amazon India’s logistics unit sees revenue fall marginally to Rs 4,543 crore
📝 Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%
*Mint*
📝 Govt raises interest rates on 2 small savings schemes by 10-20 bps for Jan-March
📝 Oil retailers raise procurement price of ethanol made from C-heavy molasses
📝 Swan Energy board approves ₹4,000-crore fundraise, its second in three months
📝 GST Council gives extra time to tax officials for recovery of FY19, FY20 dues
📝 NBFCs gave most retail loans to buy vehicles and houses, reveals RBI data
📝 Domestic flows impel FPI investment in India to record high this year
📝 Toyota stresses on incentivizing hybrids to drive EV adoption
📝 Non-tech jobs gain edge; Oil firms clock 9% jump in hiring in Oct-Nov 2023
📝 Indian market placed well for long term: Nilesh Shah of Kotak Mahindra AMC
📝 Future security at risk as retirement saving slumps in 2023, reveals survey
📝 Morgan Stanley's straight-talking new CEO Ted Pick taking charge
📝 Waaree Energies files DHRP, includes fresh issue up to ₹3000 crore and an OFS.
📝 Rice trade said to be affected by Red Sea crisis, says minister Goyal
*Business Standard*
📝 RBI extends Payments Infrastructure Development Fund scheme till 2025
📝 Automobile major M&M gets Rs 4.12 crore tax penalty; company to challenge
📝 OMCs hike procurement price of ethanol produced from C-heavy molasses
📝 Many Indian HNIs being asked by foreign banks to shut accounts: Report
📝 PhysicsWallah FY23 revenue up 3.4x, profitable for third consecutive year
📝 Registration of properties in Mumbai city may rise 33% in Dec: Report
📝 Former NITI Aayog VC Arvind Panagariya to lead 16th Finance Commission
📝 With localisation, electronics manufacturing to be $115 bn in 2024: Report
📝 Dec 2023 becomes highest funded month as startup investments cross $1.6 bn
📝 Exports to Australia see upward trend, owing to duty concessions under ECTA
📝 MICL Gr to invest Rs 50 cr for residential property redevelopment in Mumbai
📝 Microsoft rolls out Major Copilot update on Edge for Android, iOS
📝 Pharma lobby bats for drug approvals in India to align with global markets
*Economic Times*
📝 Reliance becomes first in India to use chemical recycling for circular polymers
📝 Indian steel demand boom to continue in FY24: Crisil
📝 Defence Secy inaugurates new design and test facility for Aero Engine R&D at HAL
📝 Major e-commerce trends that can reshape the industry in 2024
📝 Pine Labs FY23 revenue surges 56% to Rs 1,588 crore, losses dip marginally
📝 Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms
📝 Nvidia launches new gaming chip for China to comply with US export controls
📝 Indian households' net financial savings falls to 5.1% in FY23 from 11.5% in FY21 as liabilities rise
📝 MG Motor India to introduce seven new models in India in 2 years
📝 India will continue buying Russian oil, says FM Nirmala Sitharaman
📝 Amazon India’s logistics unit sees revenue fall marginally to Rs 4,543 crore
📝 Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%
*Mint*
📝 Govt raises interest rates on 2 small savings schemes by 10-20 bps for Jan-March
📝 Oil retailers raise procurement price of ethanol made from C-heavy molasses
📝 Swan Energy board approves ₹4,000-crore fundraise, its second in three months
📝 GST Council gives extra time to tax officials for recovery of FY19, FY20 dues
📝 NBFCs gave most retail loans to buy vehicles and houses, reveals RBI data
📝 Domestic flows impel FPI investment in India to record high this year
📝 Toyota stresses on incentivizing hybrids to drive EV adoption
📝 Non-tech jobs gain edge; Oil firms clock 9% jump in hiring in Oct-Nov 2023
📝 Indian market placed well for long term: Nilesh Shah of Kotak Mahindra AMC
📝 Future security at risk as retirement saving slumps in 2023, reveals survey
📝 Morgan Stanley's straight-talking new CEO Ted Pick taking charge
📝 Waaree Energies files DHRP, includes fresh issue up to ₹3000 crore and an OFS.
📝 Rice trade said to be affected by Red Sea crisis, says minister Goyal
*🇮🇳India Daybook – Stocks in News*
*Grasim:* Company commissioned additional 1.23 lakh tons annual capacity of Advanced Materials manufacturing in Bharuch, Gujarat (Positive)
*Alkem:* Company sells St. Louis manufacturing facility in U.S. for $7.96 million. (Positive)
*SJVN:* Company secures Rs 10,000 crore construction finance facility from banks. (Positive)
*Torrent Power:* Company incorporates new subsidiary for generating electricity from renewable sources in Gujarat. (Positive)
*Aditya Birla Capital:* Sale of 50% stake in Aditya Birla Insurance Brokers to be completed by March 31, 2024 (Positive)
*ACC:* Company commissioned 1 MTPA cement manufacturing unit in Ametha, Madhya Pradesh (Positive)
*ISMT:* Long-term rating upgraded by ICRA to ICRA A+ (Stable). (Positive)
*HCC:* Long-term rating upgraded by ICRA to ICRA BB (Stable). (Positive)
*Spandana:* CRISIL has revised rating from ‘Stable’ to ‘Positive’ and reaffirmed rating (Positive)
*KPI Energy:* Company recommended 2:1 bonus issue for shareholders. (Positive)
*Royal Orchid Hotels:* Regenta and Royal Orchid Hotels to have 100 hotels by January, 2024 (Positive)
*Dhampur Bio:* Company has completed the sale of its share in the immovable
Property with consideration of Rs 20 crore (Positive)
*GPTINFRA:* Company declared L1 (First Lowest) in Order Valued at Rs. 267 Crore. (Positive)
*Karur Bank:* ICICI Prudential AMC and ICICI Prudential Life get RBI nod to acquire aggregate holding of up to 9.95% stake in Bank (Positive)
*City Union Bank:* ICICI Prudential AMC and ICICI Prudential Life get RBI nod to acquire aggregate holding of up to 9.95% stake in Bank (Positive)
*Godrej Properties:* Acquired a 4 acre land parcel in Bengaluru, having a developable potential of 0.7 million square feet saleable area through an outright purchase (Positive)
*Real Estate Stocks:* Mumbai's real estate soars to an 11-year high with over 1.27 lakh property registrations in 2023 (Positive)
*Aviation stocks:* ATF price cut to ₹1.01 lk/kl from ₹1.06 lk/kl in Delhi (Positive)
*Indostar Capital:* Sells a portion of its SME loan portfolio to Encore Asset Reconstruction Company aggregating to a principal outstanding of ₹292 crore. (Positive)
*Innova Captab:* Canara Robeco Mutual Fund, Invesco Mutual Fund buyers in the stock on listing day via bulk deals. (Positive)
*PVR Inox:* Nippon Life India Trustee has picked up 2 lakh equity shares, equivalent to 0.2% of paid-up equity (Positive)
*Larsen and Toubro:* Company wins civil works tender for Bengaluru suburban rail project. (Positive)
*Dr Reddy's:* Company acquires 6.46% stake in Edity Therapeutics for $2 million. (Neutral)
*Bank of Baroda:* Bank ups fixed deposits rates for various tenors by up to 125 bps. (Neutral)
*Nippon Life:* CFO Prateek Jain tenders resignation citing personal reasons. (Neutral)
*Mahindra & Mahindra:* Company gets Rs 4.12 crore tax penalty; company to challenge. (Neutral)
*Torrent Power:* India Ratings Assigns Company’s NCDs ‘IND AA+’/Stable; Affirms CPs at ‘IND A1+’ (Neutral)
*SBI Cards:* Shareholders have approved an appointment of Nitin Chugh as Nominee Director on the board of the company (Neutral)
*Bank of Baroda:* Raises Interest Rates on retail term deposits for various tenors by up to 125 bps (Neutral)
*Steel Companies:* April-November finished steel output at 89.7 million tonnes, up 14.3% year-on-year. (Neutral)
*PNB:* Bank raises one year MCLR to 8.70% from 8.65% effective from January 01 (Neutral)
*Container Corp:* Order received by the Company under the CGST Act, 2017, demanding tax and penalty of Rs 65.0 crore.
*Macrotech:* Order received from Deputy Commissioner of State Tax, Mumbai, demanding tax and penalty of Rs 91.0 crore.
*Vedanta:* Company has received two orders worth ₹48.82 crore, along with applicable interest and penalty of 10% of GST demand.
*Dalmia Bharat:* Dalmia Cement has received a GST demand order from the State Tax Officer, Lalgudi, Tamil Nadu, of ₹62.38 crore.
*Grasim:* Company commissioned additional 1.23 lakh tons annual capacity of Advanced Materials manufacturing in Bharuch, Gujarat (Positive)
*Alkem:* Company sells St. Louis manufacturing facility in U.S. for $7.96 million. (Positive)
*SJVN:* Company secures Rs 10,000 crore construction finance facility from banks. (Positive)
*Torrent Power:* Company incorporates new subsidiary for generating electricity from renewable sources in Gujarat. (Positive)
*Aditya Birla Capital:* Sale of 50% stake in Aditya Birla Insurance Brokers to be completed by March 31, 2024 (Positive)
*ACC:* Company commissioned 1 MTPA cement manufacturing unit in Ametha, Madhya Pradesh (Positive)
*ISMT:* Long-term rating upgraded by ICRA to ICRA A+ (Stable). (Positive)
*HCC:* Long-term rating upgraded by ICRA to ICRA BB (Stable). (Positive)
*Spandana:* CRISIL has revised rating from ‘Stable’ to ‘Positive’ and reaffirmed rating (Positive)
*KPI Energy:* Company recommended 2:1 bonus issue for shareholders. (Positive)
*Royal Orchid Hotels:* Regenta and Royal Orchid Hotels to have 100 hotels by January, 2024 (Positive)
*Dhampur Bio:* Company has completed the sale of its share in the immovable
Property with consideration of Rs 20 crore (Positive)
*GPTINFRA:* Company declared L1 (First Lowest) in Order Valued at Rs. 267 Crore. (Positive)
*Karur Bank:* ICICI Prudential AMC and ICICI Prudential Life get RBI nod to acquire aggregate holding of up to 9.95% stake in Bank (Positive)
*City Union Bank:* ICICI Prudential AMC and ICICI Prudential Life get RBI nod to acquire aggregate holding of up to 9.95% stake in Bank (Positive)
*Godrej Properties:* Acquired a 4 acre land parcel in Bengaluru, having a developable potential of 0.7 million square feet saleable area through an outright purchase (Positive)
*Real Estate Stocks:* Mumbai's real estate soars to an 11-year high with over 1.27 lakh property registrations in 2023 (Positive)
*Aviation stocks:* ATF price cut to ₹1.01 lk/kl from ₹1.06 lk/kl in Delhi (Positive)
*Indostar Capital:* Sells a portion of its SME loan portfolio to Encore Asset Reconstruction Company aggregating to a principal outstanding of ₹292 crore. (Positive)
*Innova Captab:* Canara Robeco Mutual Fund, Invesco Mutual Fund buyers in the stock on listing day via bulk deals. (Positive)
*PVR Inox:* Nippon Life India Trustee has picked up 2 lakh equity shares, equivalent to 0.2% of paid-up equity (Positive)
*Larsen and Toubro:* Company wins civil works tender for Bengaluru suburban rail project. (Positive)
*Dr Reddy's:* Company acquires 6.46% stake in Edity Therapeutics for $2 million. (Neutral)
*Bank of Baroda:* Bank ups fixed deposits rates for various tenors by up to 125 bps. (Neutral)
*Nippon Life:* CFO Prateek Jain tenders resignation citing personal reasons. (Neutral)
*Mahindra & Mahindra:* Company gets Rs 4.12 crore tax penalty; company to challenge. (Neutral)
*Torrent Power:* India Ratings Assigns Company’s NCDs ‘IND AA+’/Stable; Affirms CPs at ‘IND A1+’ (Neutral)
*SBI Cards:* Shareholders have approved an appointment of Nitin Chugh as Nominee Director on the board of the company (Neutral)
*Bank of Baroda:* Raises Interest Rates on retail term deposits for various tenors by up to 125 bps (Neutral)
*Steel Companies:* April-November finished steel output at 89.7 million tonnes, up 14.3% year-on-year. (Neutral)
*PNB:* Bank raises one year MCLR to 8.70% from 8.65% effective from January 01 (Neutral)
*Container Corp:* Order received by the Company under the CGST Act, 2017, demanding tax and penalty of Rs 65.0 crore.
*Macrotech:* Order received from Deputy Commissioner of State Tax, Mumbai, demanding tax and penalty of Rs 91.0 crore.
*Vedanta:* Company has received two orders worth ₹48.82 crore, along with applicable interest and penalty of 10% of GST demand.
*Dalmia Bharat:* Dalmia Cement has received a GST demand order from the State Tax Officer, Lalgudi, Tamil Nadu, of ₹62.38 crore.
👍1
Media is too big
VIEW IN TELEGRAM
Winning v/s loosing Mindset.
T.me/AlliesFin
T.me/AlliesFin
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 01-01-2024 :
T.me/AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +18458* 😃
*INDEX FUT. : -285*
*INDEX OPT. : +21175*
*STOCK FUT. : -1315*
*STOCK OPT. -1116*
*SEC. IN F&O BAN FOR, 02-JAN-24 :*
*1. HINDCOPPER 2. BALRAMCHIN*
*ADDITION : BALRAMCHIN*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 01-JAN-2024 :*
*FIIS : SELL -856 (1,311-2,167)* 😩
*DIIS : BUY +410 (7,004-6,694)* 🙂
*BSE SENSEX : +32 (72,272)🔼*
*NSE NIFTY : +10 (21,742)*🔼
*BSE MIDCAP. : +197 (37,036)*🔼
*BSE SMLCAP. : +313 (42,986)*🔼
*B. CRUDE : $ 77.04* 🔽 😊
*GOLD: $ 2,062=INR 65,100(10gr)*↔️ 😳
*SILVER : RS. 78,900 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.24 🔽 ☺️*
*7.18%NEW '33: 7.1969%(99.8725)🔼☺️*
*7.18%GOI '37: 7.3217% (98.7875)🔽😩*
T.me/AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +18458* 😃
*INDEX FUT. : -285*
*INDEX OPT. : +21175*
*STOCK FUT. : -1315*
*STOCK OPT. -1116*
*SEC. IN F&O BAN FOR, 02-JAN-24 :*
*1. HINDCOPPER 2. BALRAMCHIN*
*ADDITION : BALRAMCHIN*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 01-JAN-2024 :*
*FIIS : SELL -856 (1,311-2,167)* 😩
*DIIS : BUY +410 (7,004-6,694)* 🙂
*BSE SENSEX : +32 (72,272)🔼*
*NSE NIFTY : +10 (21,742)*🔼
*BSE MIDCAP. : +197 (37,036)*🔼
*BSE SMLCAP. : +313 (42,986)*🔼
*B. CRUDE : $ 77.04* 🔽 😊
*GOLD: $ 2,062=INR 65,100(10gr)*↔️ 😳
*SILVER : RS. 78,900 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.24 🔽 ☺️*
*7.18%NEW '33: 7.1969%(99.8725)🔼☺️*
*7.18%GOI '37: 7.3217% (98.7875)🔽😩*
Major Index Monthly performance 2023 @AlliesFin
*GIFT Nifty +36 pts (21866) from last trade 21830 ,*
Nikkei clsd ,
Hangseng +88 pts ,
US Mkt Clsd, Crude @ $72.01 brl (+0.36), Brent @ $77.08 brl (-0.07) , Gold @ 2074.4 (+2.60), Silver $24.075 (-0.01), Euro @ $1.1036, JPY @ $140.88, INR @ 83.235
*Today's Corporate Action*
*2nd Jan Ex Date*
ALLCARGO LOGISTICS LTD
Bonus issue 3:1
Bhanderi Infracon Ltd
E.G.M
La Tim Metal & Industries Ltd
Right Issue of Equity Shares
REGENCY CERAMICS LTD
E.G.M
*Today's Key Results/Board Meetings*
*2-Jan-24*
EASEMYTRIP
Preferential Issue of shares;Issue Of Warrants
PARMSILK
General
RAJATH
General
WARDWIZFBL
Preferential Issue of shares;General
*Stock under F&O ban on NSE*
*02-Jan-24*
1 BALRAMCHIN
2 HINDCOPPER
Nikkei clsd ,
Hangseng +88 pts ,
US Mkt Clsd, Crude @ $72.01 brl (+0.36), Brent @ $77.08 brl (-0.07) , Gold @ 2074.4 (+2.60), Silver $24.075 (-0.01), Euro @ $1.1036, JPY @ $140.88, INR @ 83.235
*Today's Corporate Action*
*2nd Jan Ex Date*
ALLCARGO LOGISTICS LTD
Bonus issue 3:1
Bhanderi Infracon Ltd
E.G.M
La Tim Metal & Industries Ltd
Right Issue of Equity Shares
REGENCY CERAMICS LTD
E.G.M
*Today's Key Results/Board Meetings*
*2-Jan-24*
EASEMYTRIP
Preferential Issue of shares;Issue Of Warrants
PARMSILK
General
RAJATH
General
WARDWIZFBL
Preferential Issue of shares;General
*Stock under F&O ban on NSE*
*02-Jan-24*
1 BALRAMCHIN
2 HINDCOPPER
*Economic Times*
📝 DGCA issues 1,622 commercial pilot licences in 2023, highest in a decade
📝 India's power consumption dips marginally by 2.3 pc to 119.07 billion units in Dec
📝 Dhanlaxmi Bank reports growth at 12% yoy; deposits up by 10.6%
📝 Diffusion Engineers files IPO papers with Sebi
📝 Centre's FY25 interest outgo may rise 11 to 12% from ongoing FY24
📝 Record 8.18 crore Income tax returns filed till December 2023
📝 Govt extends tenure of PLI scheme for Auto industry by a year with partial amendments
📝 ONGC seeks partners to cut gas flaring, zero methane emission by 2030
📝 Investments in alternative realty surge to $418.7 million in Q4 of 2023
📝 Isro launches India’s first dedicated polarimetry mission
*Business Standard*
📝 HFCL bags Rs 1,127 cr order to transform BSNL's optical transport network
📝 Ashok Vaswani takes charge as Kotak Mahindra Bank MD & CEO from January 1
📝 UltraTech Cement Q3 sales up 6% to 27.3 MT, overseas production up 20%
📝 Zomato increases platform fee to Rs 4 from Rs 3 in select markets
📝 JK Tyre successfully raises Rs. 500 cr through QIP for growth initiatives
📝 Karur Vysya Bank biz grows at 14.74% to stand at Rs 1.58 trn for Q3FY24
📝 ATF price cut by 4%; commercial LPG rate down Rs 1.5 per cylinder
📝 Nearly 97% Rs 2,000 notes returned, Rs 9,330 cr still with public: RBI
📝 UPI scales new high in December; 2023 value up 59% at Rs 183 trn
📝 GST receipts decline to three-month low but hold on to Rs 1.65 trn in Dec
📝 Women's life insurance share rises to 34.2% in 2022-23: IRDAI report
📝 Record buyback of Rs 47,810 cr by 48 firms in 2023, highest in 6 yrs
📝 Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing
*Financial Express*
📝 Zepto on track for $1 billion run rate in annual sales value
📝 Coal production target for FY25 is set at 850 MT
📝 Centre’s dividends from CPSEs exceed FY24 budget target
📝 India’s food imports at $33 billion in 2023, down 10% on year
📝 Govt relaxes norms governing public expenditure exceeding Rs 500 cr for Q4
📝 Rupee falls 6 paise to close at 83.22 against US dollar
*Mint*
📝 RBI issues guidelines on bank classification of unclaimed deposits
📝 21 earthquakes in Japan trigger tsunami; N Korea, Russia on high alert
📝 India's mineral production up 13.1% in October 2023
📝 North Eastern Development Finance Corp sanctions ₹766 crore for 5,338 projects
📝 Tata Motors' December domestic sales rise 4% to 76,138 units
📝 Capex mood sees revival in Q3, led by private sector: CMIE data
📝 India, Pakistan exchange list of nuclear installations under 1988 bilateral pact
📝 Esconet Technologies files DRHP with SEBI for NSE SME listing
📝 India to expand defence ties with Tanzania to boost presence in Indian Ocean.
📝 DGCA issues 1,622 commercial pilot licences in 2023, highest in a decade
📝 India's power consumption dips marginally by 2.3 pc to 119.07 billion units in Dec
📝 Dhanlaxmi Bank reports growth at 12% yoy; deposits up by 10.6%
📝 Diffusion Engineers files IPO papers with Sebi
📝 Centre's FY25 interest outgo may rise 11 to 12% from ongoing FY24
📝 Record 8.18 crore Income tax returns filed till December 2023
📝 Govt extends tenure of PLI scheme for Auto industry by a year with partial amendments
📝 ONGC seeks partners to cut gas flaring, zero methane emission by 2030
📝 Investments in alternative realty surge to $418.7 million in Q4 of 2023
📝 Isro launches India’s first dedicated polarimetry mission
*Business Standard*
📝 HFCL bags Rs 1,127 cr order to transform BSNL's optical transport network
📝 Ashok Vaswani takes charge as Kotak Mahindra Bank MD & CEO from January 1
📝 UltraTech Cement Q3 sales up 6% to 27.3 MT, overseas production up 20%
📝 Zomato increases platform fee to Rs 4 from Rs 3 in select markets
📝 JK Tyre successfully raises Rs. 500 cr through QIP for growth initiatives
📝 Karur Vysya Bank biz grows at 14.74% to stand at Rs 1.58 trn for Q3FY24
📝 ATF price cut by 4%; commercial LPG rate down Rs 1.5 per cylinder
📝 Nearly 97% Rs 2,000 notes returned, Rs 9,330 cr still with public: RBI
📝 UPI scales new high in December; 2023 value up 59% at Rs 183 trn
📝 GST receipts decline to three-month low but hold on to Rs 1.65 trn in Dec
📝 Women's life insurance share rises to 34.2% in 2022-23: IRDAI report
📝 Record buyback of Rs 47,810 cr by 48 firms in 2023, highest in 6 yrs
📝 Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing
*Financial Express*
📝 Zepto on track for $1 billion run rate in annual sales value
📝 Coal production target for FY25 is set at 850 MT
📝 Centre’s dividends from CPSEs exceed FY24 budget target
📝 India’s food imports at $33 billion in 2023, down 10% on year
📝 Govt relaxes norms governing public expenditure exceeding Rs 500 cr for Q4
📝 Rupee falls 6 paise to close at 83.22 against US dollar
*Mint*
📝 RBI issues guidelines on bank classification of unclaimed deposits
📝 21 earthquakes in Japan trigger tsunami; N Korea, Russia on high alert
📝 India's mineral production up 13.1% in October 2023
📝 North Eastern Development Finance Corp sanctions ₹766 crore for 5,338 projects
📝 Tata Motors' December domestic sales rise 4% to 76,138 units
📝 Capex mood sees revival in Q3, led by private sector: CMIE data
📝 India, Pakistan exchange list of nuclear installations under 1988 bilateral pact
📝 Esconet Technologies files DRHP with SEBI for NSE SME listing
📝 India to expand defence ties with Tanzania to boost presence in Indian Ocean.
Forwarded from Aapka Saarthi @STOCKARTHi Make Money Work For You !!!
SPOT NIFTY DAILY CHART.
MULTIPLE TOP AROUND 21800 LEVELS.
UNTIL THIS TOP TAKEN OUT SAME VIEWS CONTD...
https://telegram.me/STOCKARTHi/7997
MULTIPLE TOP AROUND 21800 LEVELS.
UNTIL THIS TOP TAKEN OUT SAME VIEWS CONTD...
https://telegram.me/STOCKARTHi/7997
👍2
2/1/2024
@AlliesFin
BSE:-379(71892)
NSE:-76(21665)
B.NIFTY:-472(47761)
MID:-29(37007)
SML:-12(42972)
FII|FPI:+1602Cr
DII:-1959Cr
B.Crude: 78
Gold$:2069=INR: 63379
Silver: 74560
$/Rs: 83.32
7.18 : 2033 G-Sec: 7.21
NSE PE: 23.10
T.me/AlliesFin
@AlliesFin
BSE:-379(71892)
NSE:-76(21665)
B.NIFTY:-472(47761)
MID:-29(37007)
SML:-12(42972)
FII|FPI:+1602Cr
DII:-1959Cr
B.Crude: 78
Gold$:2069=INR: 63379
Silver: 74560
$/Rs: 83.32
7.18 : 2033 G-Sec: 7.21
NSE PE: 23.10
T.me/AlliesFin
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#Currency
#Trading
#Training
#Tutorials
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#Risk #Management
Market News & Updates
Channel 4 Educational Purpose Only,
Contact @AxitDShah +919869958999
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 02-01-2024 :
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -36006* 😭😭
*INDEX FUT. : -395*
*INDEX OPT. : -35485*
*STOCK FUT. : +287*
*STOCK OPT. : -413*
*SEC. IN F&O BAN FOR, 03-JAN-24 :*
*1. HINDCOPPER 2. BALRAMCHIN 3. DELTACROP 4. IEX 5. SAIL 6. ZEEL*
*ADDITION : DELTACORP, IEX, SAIL, ZEEL*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 02-JAN-2024 :*
*FIIS : BUY +1,602 (10,200-8,598)*
*DIIS : SELL -1,959 (8,695-10,654)*
*BSE SENSEX : -379 (71,892)🔽*
*NSE NIFTY : -76 (21,666)*🔽
*BSE MIDCAP. : -29 (37,007)*🔽
*BSE SMLCAP. : -12 (42,974)*🔽
*B. CRUDE : $ 77.25* 🔼 ☺️
*GOLD: $ 2,068=INR 65,450(10gr)*↔️😳
*SILVER : RS. 79,200 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.31 🔽 ☺️*
*7.18%NEW '33: 7.2105%(99.78)🔼☺️*
*7.18%GOI '37: 7.3345% (98.68)🔽☺️*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -36006* 😭😭
*INDEX FUT. : -395*
*INDEX OPT. : -35485*
*STOCK FUT. : +287*
*STOCK OPT. : -413*
*SEC. IN F&O BAN FOR, 03-JAN-24 :*
*1. HINDCOPPER 2. BALRAMCHIN 3. DELTACROP 4. IEX 5. SAIL 6. ZEEL*
*ADDITION : DELTACORP, IEX, SAIL, ZEEL*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 02-JAN-2024 :*
*FIIS : BUY +1,602 (10,200-8,598)*
*DIIS : SELL -1,959 (8,695-10,654)*
*BSE SENSEX : -379 (71,892)🔽*
*NSE NIFTY : -76 (21,666)*🔽
*BSE MIDCAP. : -29 (37,007)*🔽
*BSE SMLCAP. : -12 (42,974)*🔽
*B. CRUDE : $ 77.25* 🔼 ☺️
*GOLD: $ 2,068=INR 65,450(10gr)*↔️😳
*SILVER : RS. 79,200 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.31 🔽 ☺️*
*7.18%NEW '33: 7.2105%(99.78)🔼☺️*
*7.18%GOI '37: 7.3345% (98.68)🔽☺️*