Vedanta investors to get Dividend of Rs 13.50

Vedanta Limited Led by anil aggarwal on December 11 informed that the company's board has approved an interim dividend of Rs 13.50 per equity share after a solid boost for the financial year 2021-22.

The record date of payment of dividend is set to be as December 18, while the sum total of the dividend will amount to Rs 5,019 crore.

As part of the second dividend, its promoters, who have a total share holding of 65.18 percent, would be able to see an inflow of Rs 3,271 crore. Earlier on September 1, Vedanta has approved an interim dividend of Rs 18.50 per equity for the financial year 2021-22.

Dividends are paid to only those shareholders who can appear on a company’s shareholder list before the record date or cut-off date.

“The Board of Directors of the Company on Saturday, December 11, 2021, will consider and approve Second Interim Dividend on equity shares, if any, for the Financial Year 2021-22. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Saturday, December 18, 2021,” the company said in its statement.

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Tata Power bags project approximately ₹945 crore

 Tata Power bags project approximately ₹945 crore

Tata Power Good news breaking, It has announced that they have awarded a project by Solar Energy Corporation of India (SECI) to build a 100 MW EPC solar project, along with 120 MWh utility scale Battery Energy Storage System. The total contract value of this upcoming project is approximately ₹945 crore. The tenure of the contract will be of 18 months.

After this successful contract, the utility scale EPC order book of the powerstock Tata Power Solar now lives at around 4.4 GW (DC) capacity with an approximate value of ₹9,000 crore.

Talking about the SECI project sites, they are located in Chhattisgarh. The order scope includes engineering, design, supply, construction, erection, testing, O&M and commissioning of the projects.

the company stated that “With this win, the Company has strengthened its diversified offerings with BESS (Battery Energy Storage System) within the renewable segment," 

Also Praveer Sinha, CEO & MD, Tata Power said “We are glad to receive this prestigious order from SECI to build Solar EPC projects along with the India's largest utility scale BESS project. This is the second grid-scale solar plant with BESS and is recognition of Tata Power Solar’s pioneering work in project execution capabilities in the solar energy domain,"

The previous large projects which were  executed by Tata Power Solar include 80 MW NTPC Jetsar, 50 MW Kasargod at Kerala, 100 MW GIPCL Raghanesda, 100 MW TPREL Raghanesda, 30 MW GSECL. Another innovative Solar project of 50 MW with BESS of 50 MWh battery storage is under execution at Leh, the company added.

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 HDFC and Bajaj Finance increase rates on fixed deposits

Couple of non-bank lenders after inspired from global and local inflationary trends and hiked the interest rates on their fixed deposits (FDs). These interest rate increases are effective from today – December 1, 2021.  

 What has changed?

 The FDs of HDFC will now offer up to 10 basis points for more across tenures. For 36 months, HDFC will now offer a 6.1 percent interest and for 60 months it will offer around 6.5 percent interest. 

Senior Citizens will be getting to earn 25 basis points more than the card rates and investors making their fixed deposits online pocket 10 basis points extra. Earlier, HDFC was offering 6.05 percent and 6.4 percent on those fixed deposits, respectively.

Bajaj Finance (BFL) has also increased the rate of interest by up to 30 basis points. It will pay 6.4 percent interest on its 24 months FD compared to 6.1 percent earlier and 6.8 percent on 36 months deposit compared to 6.5 percent earlier.

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IndusInd Bank Ltd Statement on resignations at Bharat Financial Inclusion Ltd

IndusInd Bank Ltd Statement on resignations at Bharat Financial Inclusion Ltd

IndusInd Bank Ltd has announced the developments with respect to its owned subsidiary, Bharat Financial Inclusion Limited ('BFIL').

Mr. Shalabh Saxena and Mr. Ashish Damani (collectively, 'Employees'), who are currently employed with BFIL in the capacity of the Managing Director & CEO and the Executive Director & CFO, respectively, have advances their resignations  to emails addressed to the Chairman of the Board of BFIL on November 25, 2021. 

Both  offered their assistance in the ongoing review of transactions related to BFIL. The Board of BFIL has deferred consideration of the decision to relieve them before the completion of the ongoing review.

Meanwhile, the Bank has nominated Mr. J. Sridharan as Executive Director on the Board of BFIL and appointed Mr. Srinivas Bonam  to oversee the day-to-day functioning of BFIL. Both have ample of experience and exposure.

On other hand Mr M R Rao continues to be associated as an advisor to BFIL bringing his years of experience in microfinance and scaling up BFIL.

The Bank has also appointed Mr KV Rao as an advisor for strengthening the field processes.

 

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How to invest in US Stocks from India ?

 Hello guys, Many of us wants to invest their money in US market from India but they don't know How to invest in US Stocks from India and today in this article i am going to explain this.

I have come across a platform which makes this easier for people living in india. I am a trader and my love for stocks was never got reduced even in worst falls. I wanted to expand my love to US Stocks as well. I was going through many platforms but INDMoney impressed me.

The app says 

#SuperMoneyApp 

Track and invest at Zero Commission

Manage all your money across investments, loans, taxes and expenses in one app

This app will let you buy US stocks apart from it, it also manage your expenses and investments, tracks your asset management and also help you plan your goals by AI recommendation.

The sign up process is fast and similar to any other trading platform. I got everything verified in just 4-5 hrs which was impressive.

After this you can start investing in US stocks. 

If you want to join feel free to join via below link. 

I am gifting you Netflix Stock. Join me on the INDmoney app using my link to claim today

  https://indmoney.onelink.me/RmHC/901b7054

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Zomato Pulls of Unlimited Free Delivery to its Pro Members

 After a Mega IPO launch of Zomato, Zomato founder and CEO Deepinder Goyal today expressed that the food delivery app would provide "Unlimited Free Deliveries" for its existing 1.8 million Pro members. This is similar to the offering made by Amazon has for Prime customers. This step looks to churn more revenues.

He also expressed that "Unlimited Free Deliveries." is One of the most demanded features of its customers so keeping this in  my the company is going for this feature for the selected pro customers. Definitely it will be based on activity and regular purchase from the zomato app. Loyal customers to get benifitted.

Zomato Pro’s plan comes Rs 200 for a period of 90 days which includes an 30% extra off on food deliveries, up to 40% off on each dining experience,and with this more than 25,000 restaurants to deliver the food. With Zomato pro plus, the customers get unlimited free deliveries and on top of it there will be no surcharge and fee based on the distance.

Curently the Pro Plus option is just an invite-only offer for that customers can check after 2nd august. Along with this, all the present Zomato Edition Black credit card holders will also be automatically updated to Zomato pro plus. Well this option is available in the top 41 cities where the footprints of zomato is live.

This Zomato's move comes after the sense of intense competition in the online food delivery space as to your aware swiggy and amazon is always there. While Zomato and Swiggy are currently a duopoly in food delivery, they are now pulling their gears on online grocery. Swiggy has already launched its Instamar and Zomato recently has invested in grocery delivery app, Grofers.

Keeping the competition alive these food delivery app after scaling up can be good healthy choice in next 5 years.

What do you Say?

The company is trading with prev close of 138 and the target you can expect in next 5 years can be a healthy one. For me Next 1 year the Target is 200.

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 Paytm IPO  to create  20,000 Jobs with salary  of 35K +Plus

In the raining IPO's market has seen a great tendency of rise. The profits in the IPO's are humongous. With the land of Paytm in the market, it will be a great initiative for digital platforms.

With this IPO their will be entry of other job opportunities and the job market will have paytm as its new job provider. With a opportunity to earn a healthy amount of 35000 and above company wants to hire young talent. 

Paytm has started hiring the candidates who have passed 10th 12th or graduates. Specially in smaller cities this job creation will boost up young talents who were looking for the jobs in this pandemic condition.

IPO worth 16600 Crores

Paytm is ready to land its IPO of Rs 16600 crore by the end of October The Company has initiated all the necessary actions documentation for the ipo with SEBI.

Paytm is Currently Leader

Talking about the current PAYTM  value which earlier stand at $16 billion is now close $20 billion. With IPO the company is trying to eye on strengthening the complete ecosystem by acquiring  consumers and merchants. There are standard sets at the company level to boost up the next following iterations of improvements and expansions.

Retail Reservations

In the PAYTM IPO, around 75% of it is reserved for QIB among with 60% will be kept safe for anchor investors. Around 15% will be allocated to non-institutional investors and talking about the retail investors around 10% will be allocated.

Recent Revenue Data

Paytm Parent company has reported a loss of 2833 crore in the end march 31 2020 financial year. Well this was a improvement comparing to the last financial year of around 4000 crores.

Well this was the short summary about the paytm IPO in next article we will try to collect paytm data.

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Rakesh Jhunjhunwala Sold Tata Motor Stake , What to Do TATA MOTORS ?

Rakesh Jhunjhunwala Sold Tata Motor Stake , What to Do? 

 The Big Bull, Rakesh Jhunjhunwala has cut his stake in TATA Motors. He was holding 1.29 percent of stock and now the new stocks data says the holding has become 1.14 percent which is around 3,77,50,000 shares. This is not the only Tata stock, Jhunjhunwala has also reduced his stake in Titan Compan in April-June quarter this year.

We have already known about tatamotor stock getting affected from the supply point of view and beind the luxury cars market of 70+% , this segment is the backbone of TATA Motor. This was mostly because the ongoing semi-conductor chip shortage due to which it is taking a big toll on its JLR production. JLR’s production for the first quarter of 2021-22 was slipped by 30,000 units .

However this supply issues was said to be temporary issue but the fall in stock was seen. The stock slipped 40+ points.

Jhunjunwala is reducing the Titan stock for 3 consecutive time. Jhunjhunwala brought down his stake in Titan to 3.72 percent in June 2021 which was earlier 3.97 percent in the month of march 2021. While Rekha Jhunjhunwala’s stake is not seen a movement.

Well now the other part What to Do?

You should always have a research instead of jumping into or out of stock just because of the BIG investors. 

Analysts are saying that weakness in Tata Motors shares is a good investment opportunity. From a long term point of view, investing in this stock can give good returns. There are many reasons for this. First, chip shortage is being seen across the industry. BMW and Daimler are also facing chip shortages. So the chip shortage problem is expected to end soon.

Tata Motors is trying to minimize the impact of chip shortage on its margins. This is the reason why JLR is using the currently available chip only in high-margin models. Second, retail demand remains strong. This leads to the gathering of a large number of orders. The company has already placed orders for more than one lakh units. This is the highest in the history of the company.

On other Hand, Motilal Oswal Analyst has set a BUY call for the tata motors with a Time frame of 1 Year with a Target of Rs 400.

Now The Levels of Tata Motor is Rs 360 Above which only the stock can show some solid and positive moment. Already the market has started to recieve correction so entry point is totally depending on your research and picks.

Tata Motor has pledged to bring down its net debt to near zero by 2023-24 which can be a start of its next solid phase and with electric vehicle in mind, the JLR can be its key to multibagger.

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Big Move by Govt , Import of 11 cheap pipes banned, BIS rule issued | Indian Pipes Boom?

Big Move by Govt , Import of 11 cheap pipes banned, BIS rule issued | Indian Pipes Boom?

The government of India has pulled up its belt for putting ban on cheap import of 11 types of pipes till September 30, 2021. This will surely be welcomed with full passion by the Indian Pipes Company. This can be a masterstroke to boost the business of Indian pipe manufacturing companies. 

Well, the news doesnt stop here, the government has also issued a notification for BIS (Bureau of Indian Standards) rules on the import of these 11 types of pipes,so that the quality of the pipes can be improved and the efficiency wont be compromised.

 The section of the pipes are PVC, UPVC, CPVC pipes which are among the 11 categories which are banned under the cheap import category. Other pipes which is a flowing setup for agricultural works such as injection-molded PVC pipes, socket fitting pipes, and the UPVC pipes cheap category are also made to the ban list.

This decision by the government will have direct impact on the home grown pipe manufacturing companies such as Finolex Industries, Supreme Industries, Apollo pipes and Astral Pipes as their business will not only get the boost but also they will get a time to snatch out deals to improve their exports. 

Lets have a look into the shares which will get the benefit:

1. Finolex

2. Supreme Industries

3. Apollo Pipes

Wait for Chart to Signal, Dont Rush on News

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Why the Sharp Fall in Adani Shares? Investors to Lose?

Just a Bad Day for Adani? Or A Bad Trend to Follow?

Why the Sharp Fall in Adani Shares?

The Foreign funds which was said to be pillar of Adani growth were frozen by NSDL which is worth 43500 Crore in 4 of Adanis Company i.e Adani Enterprises, Adani Green, Adani Total Gas, Adani Transmission. Adani power too faced the Wrath along with others.

Well this doesnt happened today. The Accounts of these investment holder were frozen before 31st May as per NSDL. 

The freeze means these foreign funds will ot be able to buy or sell any existing securities.This freeze is due to the insufficiet disclosure of information related to beneficial ownership.

On the other hand Adani is broadening campus with Adani Cement a new venture.

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Ruchi Soya files FPO to raise Rs 4,300 crore

Ruchi Soya Owned by BABA Patanjali is ready for the Follow Up Offer to raise upto 4300 Crore. 

The reason for this is to meet the SEBI norm which is a minimum of public shareholding of 25% must be there.

To make this happen, the promoters need to dilute their minimum of 9% of state in this FPO round. The FPO is expected to hit After SEBi Approval.

Along with it the panel approve DRHP for filing with SEBI and BSE & NSE.

If you see the promoters holding have 98.90 and pledged. To Achieve minimum of 25 the stake has to go down.

Over last month the return was 63.31% and the year growth was decent as well. But is it enough to hold it for trade?

Whats your Opinion Comment and Let us Know.

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