CATEGORIES

Q4 FY23 LEADERS & LAGGARDS

While Financials and Auto Lift the entire earnings, Metal and Energy dragged the earnings

SOLAR MANUFACTURING SUPPLY CHAIN IN INDIA

Solar Energy Corporation of India Ltd. (SECI) has been accepting applications for incentives from solar manufacturers to set up gigawatt-scale manufacturing facilities for high-efficiency solar modules in India, under the second phase of the PLI Scheme

ASBA-LIKE FACILITY FOR TRADING IN SECONDARY MARKET

Sebi, though always acts late, has been consistently prioritized empowering investors and promoting fair practices in the securities market

Who Owns The Most Gold?

The gold industry is thriving, as this yellow metal is highly coveted and usually appreciates over the long term. So, who are the individuals and families that own the most holdings of gold in the world? Secondly, how much gold is there in the world? However, there’s only a finite supply of gold in the world.

Is Cook's Recipe Healthy For India?

Apple has opened its first retail store in India, spread over 20,000 square feet over two floors in the Jio World Drive mall in the Bandra Kurla Complex, Mumbai. The store will provide customers with the opportunity to explore Apple products and services. Apple has leased out the space in the mall for 11 year contract. The company will be paying 42 lakh per month as a rental for the store, and will also share a part of the revenues with the space owner. The store will be operationally carbon neutral, relying on 100 percent renewable energy, and will have its own dedicated solar array, making it one of the most eco-friendly stores in the region.

Does AI Pose Dangers To Humanity?

John McCarthy, known as the 'father of artificial intelligence' coined the term "artificial intelligence" in the 1950s. Artificial intelligence is a field, which combines computer science and robust datasets, to enable problem-solving. It also encompasses sub-fields of machine learning and deep learning, which are frequently mentioned in conjunction with artificial intelligence. The goal of Al is to provide software that can reason on input and explain on output. Al will provide human-like interactions with software and offer decision support for specific tasks, but it's not a replacement for humans - and won't be anytime soon. Al is approaching a rough parity with human intelligence and therein lies the dangers it pose to humanity. Al is definitely something to keep an eye on, and we should be asking important questions. But James Rickards says, we shouldn't worry about it taking over the world anytime soon.

On Defeating Fate

Once St.Francis of Assissi visited the sultan of Egypt. Eager to insult the saint, the sultan laid a trap for him.

Importance of Self-Promotion

IF you are going to influence others and persuade them to your point of view, ideally it would be great to hold an important position, be highly visible, and know how to get your cause in the media, or even social media.

Berkshire Hathaway: Main Takeaways from the 2023 Annual Meeting

Berkshire Hathaway’s annual meeting has just concluded. Warren Buffett (92) and Charlie Munger (99) joined by Ajit Jain and Greg Abel on stage took questions from shareholders during a live event in Omaha. Berkshire Hathaway reported a $35.5 billion quarterly profit. Berkshire’s shareholder meeting always attracts throngs of people who admire Buffett and his longtime investing partner Charlie Munger.

TIME TO BUY NBFCs

The RBI's decision to halt the rate hike in the April MPC meeting is a welcome relief for NBFCs as it will prevent a decline in NIM and simultaneously boost loan growth.

Can India digitally leap-frog ahead?

Last year in October, the Prime Minister declared that in the last eight years, India has leaped from the eighth spot in terms of economic size to the fifth spot.

The Dangerous Illusion of Scientific Consensus

If there is a consensus, science challenges it with new hypotheses, experiments, logic, and critical thinking. Ironically, science advances because it believes it has never arrived; consensus is the hallmark of dead science.

White House Warns of 'Severe Damage' to Economy

New analyses by both the Congressional Budget Office and the U.S. Department of the Treasury suggest the United States is rapidly approaching the date at which the government can no longer pay its bills. History is clear that even getting close to a breach of the U.S. debt ceiling could cause significant disruptions to financial markets that would damage the economic conditions faced by households and businesses.

Fuel Your Portfolio With Gas Stocks

The Cabinet Committee on Economic Affairs has approved recommendations of the Kirit Parikh committee on natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10%. From April 1, APM gas will be priced at 10% of the price of basket of crude oil that India imports. The rate such arrived at however will be capped at $6.5 per million British thermal unit as against current gas price of $8.57 per mmBtu.

The So-Called 'Market Wisdom'

It is said that the market will soar in the year before an election and stocks tend to rise or fall depending on the month. These are some of the oldest Wall Street aphorisms.

IPO: FY24 pipeline strong

The IPO pipeline this year is also very strong. A total of 54 companies are holding Sebi approval to raise Rs 76,189 crore.

JSW Steel reported its highest ever crude steel production

JSW Steel has reported its highest ever consolidated crude steel production at 24.15 million tonne in FY23, registering a growth of 24 per cent year-on-year.

Adani Wilmar Revenue Crosses ₹55,000 Crore

Adani Wilmar has achieved nearly 14 per cent growth in volume in the last fiscal, helping the company’s revenue to cross Rs 55,000 crore. The company’s total income stood at Rs 54,327.16 crore in the previous year. Adani Wilmar sells edible oil and other food products under Fortune brand.

Vijay Kedia's Mantras

This sounds very obvious but few of us have the courage to do this. In his blog, Vijay Kedia writes “If you follow certain principles in stock market, then the worst situation in market is the best situation to invest”.

Indian Drug Regulation Needs a VITAMIN

The Indian pharmaceutical industry ranks third internationally in volume. India is a chief exporter of pharmaceuticals with more than 200 nations served by Indian pharma exports. India supplies more than 50% of Africa’s requirement for generics, around 40% of generic demand in the USA, and around 25% of all medicine in the UK. Although India is proud of being the ‘pharmacy of the world,’ it would be right to say that the drugs regulatory bodies and laws must take the spate of oft-warnings more seriously. In the recent past, India has been beaten by a few mega pharma worries. The world mostly depends on the Indian pharmaceutical industry. However, growing worries over quality and the absence of drug regulations policy lead to the query of whether India is dwindling in its role.

FED'S MODELS ARE EMPIRICALLY FALSE

The Fed assumes so many things about markets that are simply false, like that markets are always efficient, for example. They’re not. Under volatile conditions like these they gap up and down — they don’t move in rational, predictable increments. Fed’s models are empirically false. Equilibrium models like the Fed uses basically say the world runs like a clock and occasionally it gets knocked out of equilibrium. And all you have to do is tweak policy or manipulate some variable to push it back into equilibrium. They treat markets like they’re some kind of machine. But Twenty-first-century markets aren’t machines and they don’t work in this clockwork fashion. The Fed uses equilibrium models to understand an economy that is not an equilibrium system; it’s a complex dynamic system. The Fed uses the Phillips curve to understand the relationship between unemployment and inflation when 50 years of data say there is no fixed relationship. James Rickards tries to put the record straight.

Bill Gates is at it Again Plotting a Global Pandemic Prison State

Bill Gates advocates once again for a Global Health Emergency Corps, ensconced at the WHO and managed by the same people who created the pandemic response this time around. In other words, it would be the core of the global government pushing more lockdowns for the world—lockdowns to wait for another round of vaccines. He has learned nothing from the last mess that he created. Indeed, he is completely shameless about it. In his view, the only problem is that we didn’t lock down fast enough, get vaccines out fast enough, and conduct enough research ahead of time to craft the perfect vaccine. Jeffrey A. Tucker says, Gates is the de facto owner of the World Health Organization himself, so his push for a permanent pandemic bureaucracy carries a lot of weight.

World Bank's Latest India Development Update

India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.

Gautam Adani Not A Con

Gautam Adani’s life is a story of rags to riches. A college dropout, who survived two life threatening events, went to become world’s third richest man from the unassuming son of a modest textile trading family. In his way to success he did not play acon game as many claim.

The Endgame In Ukraine

US President Joe Biden has denied Zelensky’s request so far, but he previously ruled out sending tanks before finally giving in. The same thing will probably happen with the planes. What’s could be the Ukrainian’s next demand? This entire scenario is a long slow march toward nuclear war or the complete disintegration of Ukraine. The Biden administration has essentially turned the war in Ukraine into an existential crisis for the U.S. and NATO, when it never should have been. But the war is existential for Russia, and won’t give up. Is the U.S. just going to throw up its hands and concede Russian victory? NATO may actually disintegrate in the face of such spectacular failure. Maybe a desperate Biden orders troops into western Ukraine as a buffer against a complete Russian takeover of the country. That situation may quickly devolve into a direct war between the U.S. and Russia rather than the says that it’s becoming increasingly likely.

Mohammed Atique : A Trailblazer Who Created a Unique Socio-Economic Model

Mohammed Atique, Founder Chancellor of Maulana Azad University has never been to school for formal education, yet he has systematically uplifted lives of more than 45,000 students in last four decades of his social services in Education, Health, Community development, Waste to Wealth initiatives and skill development programs.

Skipper Ltd - In A Constantly Evolving Mode

Established in 1981, Skipper Ltd., now with over 40+ years of domain knowledge, specializes in a big spectrum across various engineering products from Transmission Towers to Polymer Pipes and Fittings.

Production Linked Incentive Scheme

Some Flaws that Need Reconsideration

CHINA'S GREAT DISAPPEARING PHENOMENON

Another Chinese billionaire and dealmaker has gone missing, plunging one of the country’s top investment banks into turmoil.

China Is Ready To Make Up Growth

Beijing is looking to resuscitate its technology sector growth in order to rescue its ailing economy. The years-long campaign to rein in China's internet platform companies is largely complete. Government would provide support to internet platform companies to play a larger role in jobs creation and global competition. Fan Yu says that policymakers are changing their approach regulating large tech firms such as Alibaba Group and Tencent Holdings.