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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Crypto Currency , Should You Start Investing? Why , How and Where?

 

Crypto Currency is the next future as the market is showing interest in it. Cryptos are taking a front seat in terms of its hype in the market and investors are really going forward for it.

Before i begin, i will just share you stat of some coins which has made people billionare and millionare.

If you would have purchased Bitcoin worth Rs 30,000 in December 2015,1 coin price

• In 2016 It valued- 40K
• In 2017 It valued- 12 Lakh
• In 2018 It valued- 3 lakh
• In 2019 It valued- 5 lakh
• In 2020 It valued- 20 lakh
• In 2021 It valued- 40+ lakh

In 5 years 30,000 could have become 40 Lakh. 

Lets take another coin Etherium Rs 700 in December 2016 ,1 coins

• In 2017 It valued 45,000
• In 2018 It valued 8000
• In 2019 It valued 9000
• In 2020 It valued 50000
• In 2021 It valued 3.5 lakh

Rs 700 becomes 3.5 lakh is insane.

These are not just 2, there are 100s of coin that have made wonders and are 100s that can make wonder in next 5 years.

But at that point of time things were not clear, it was still in the dillematic situation. Currently there are much genuine spots which are make way for indians to invest in the crypto market.

There are various exchange launched in india which provide safe coins only, not just something which can be risky. You can always invest the same amount you could have invested in the penny stocks which cannot pain you.

Difference between stocks and cryptos are, cryptos have no fundamentals but depends on its supplies and work chains.

If you wait for Rs 500-Rs 1000 to waste where these small investment can make it to humongous returns in future.

These are the few places where you can invest risk free. Join by it and you will get benefits-

WajirX - I have used it, very less fees and a genuine app, india's number 1. Join Here Now

CoinDCx - With A good Amount of Secured Coins, this is the second on my list. Join Here

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Tarsons Products IPO Set to open This week, Ready to Fetch? Apply or Avoid?

Tarsons Products IPO Set to open This week, Ready to Fetch? Apply or AVoid?

IPO date : 15 Nov 2021 – 17 Nov 2021

Listing date : 26 Nov 2021

Price range : 635 – 662

Minimum order quantity : 22

Tarson Products Ipo is ready to get listed in Stock Exchange. The major importance of this IPO is it does not have any peer in even stock market. So lets begin,

Tarson is based on Kolkata, it is leading indian lifescience company. from last 30 years it is dealing with labware products. they produce products for scientific research. This field of company is not even listed in stock market. 

Tarson product is of 3 classification Consumer, reusable and others. There is 370 products have 1700 varienties. The mostly use of these products in pharma, scientific research, clinical company and other research. Various top companies are its client such as lupin, godrej, himalaya. 

The company have 5 manufacturing unit in West bengal and spreaded in wide area. In coming years they are planning to open more than these 5 manufacturing units. The distribution network is widely spread in India which includes 145+ distributers. The exports of these products are consumed by 40+ countries.

It is expected that Indian lab equipment market will grow in next 5 years with 7+ % cagr. This industry has a rapid growth because it is highly backedup by government. As the govt has a positive effort in this field growth so the company is looking positive.

Expectation from Company

As In India this sector has 2% of weightage compared to other countries so this company has strong growth in next 5-10 years. 

Demand of Plasticware Products are in increase in last 5 years and expected to lead by 2025.

Talking about the Strengths

• It is Leading Life sciences
• Offers diverse range of labware products
• High Manufacturing capabilities
• Pan India Sales

Risks

• Delay in Supply of Raw Material
• Inability to manage growing distribution network
• Distruption to Power
• Any Non Compliance with safety health etc
• Price of Raw Material Volatility

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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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