India’s Gautam Adani, the school dropout who rose to become one of the world’s 3rd richest men, suffered a stunning defeat when his flagship firm withdrew a blockbuster share sale after an attack by a small U.S. investment firm over his business practices.
The move came after Adani’s companies lost nearly $86 billion in the stock market as investors bailed out on the tycoon who built a conglomerate spanning ports, coal mines, food businesses, airports and lately media.
On Tuesday, the Adani group appeared to have fought back the attack by the New York-based short-seller Hindenburg and rallied investors behind the $2.5 billion share issue of flagship firm Adani Enterprises (ADEL.NS).
But Adani could not staunch the sell-off in the market with Adani Enterprises, the crown jewel, losing more than a quarter of its value, saddling the investors who took part in his issue with huge paper losses.
It was a rare defeat for a man who has seemed unstoppable in recent years.
Who is gautam Adani?
Adani, from Gujarat in built his empire from scratch after starting out as a commodities trader. India’s Prime Minister Narendra Modi is from the same state and their relationship has long come under scrutiny by Modi’s opponents.
Until last week, Adani was the world’s third-richest person, according to Forbes, with a net worth of $127 billion, trailing only Bernard Arnault and Elon Musk. On Thursday, he had slipped to 16th rank as market losses in his companies hit $100 billion.
Married to dentist Priti Adani, he has two sons, Karan and Jeet, both of whom are involved in the company businesses.
Despite his riches, the 60-year-old, who comes from a middle-class textile family, was far lesser known than other billionaires in a country where many inherit their wealth.
His business style was described as “very hands on”, according to one person with direct knowledge of his dealings.
As Adani’s empire swelled, stocks of his seven listed companies surged – in some cases more than 1,500% in the last three years amid aggressive expansion. He denied allegations by Modi’s opponents that he had benefited from their close ties.
In recent years, the $220 billion Adani Group empire has attracted foreign investment – France’s TotalEnergies (TTEF.PA), for example, partnered with Adani last year to develop the world’s biggest green hydrogen ecosystem.
More recently, Adani has taken a proactive approach to his public image, giving interviews to local and foreign media.
Appearing in a popular Hindi TV show last month called the ‘People’s Court’, Adani sat in a mock witness box inside a courtroom setup and answered questions about his conglomerate – offering an unusual level of scrutiny.
He described himself as “a shy person” and credited the rise of his popularity in part to the political attacks he has faced.
Modi’s government has denied allegations of favouring Adani.
FIGHT WITH SHORTSELLER Hindenburg
Faced with a scathing attack by Hindenburg over the use of offshore entities in tax havens and its debt levels – estimated at $23.34 billion by Jefferies – the Adani group mounted a stout defence in a 413-page response.
It said the report was a “calculated attack” on India and its institutions. A senior executive compared the rout of its stocks with a colonial-era massacre saying investors were behaving like the Indian soldiers who fired on fellow-citizens under orders from British rulers.
Many Indians later voiced their support for the beleaguered businessman on social media. “IndiaStandsWithAdani” was among the top trending hashtags on Twitter.
As the losses mounted in the market this week, Adani himself appeared unfazed. He landed in Israel to take formal control of Haifa port that he had bought earlier in partnership with a local firm. He promised further investments in Israel at the event also attended by Israeli Prime Minister Benjamin Netanyahu.
Adani is no stranger to controversy. The most recent was months of protest by fishermen against construction of a $900-million port in southern India’s Kerala, in which he sued the state government and fishermen leaders. And in Australia, environmental activists for years protested against Adani’s Carmichael coal mine project in Queensl+
and on concerns of carbon emissions and damage to the Great Barrier Reef.
On Wednesday, Adani said his company felt it wasn’t “morally correct” to proceed with the share sale following the volatility in the market. But he said in a statement to the exchange the company was financial stable and that the withdrawal of the share issue will not impact its future plane
The nifty 50 is a group of 50 large cap shares .There are two stock exchanges available in India; one is the NSE (National Stock Exchange) and the second one is the BSE (Bombay Stock Exchange) . Here are some misconceptions about NSE & BSE. Some people think that NSE is having more companies than BSE but that all are fake because BSE has over 5000 companies listed and similarly NSE is having 1600 companies listed.
So assume that in the whole vegetable market how we know the rate of veggies are high or low as.you need to look one by one all vegetables rate like what is the rate of potato or what is rate of onion but if you have 5000 variety of veggies it take all of your time to knowing all rates of veggies.For make your work as easy there are formation of ‘INDEX’ that is caring out all markets data all of the stocks on exchange are going up or down that shows index so that are NIFTY.
Table of Contents
How NIFTY decides 50 stocks ?
The NIFTY 50 is a high value index on the NSE (national stock exchange), otherwise sensex is a high value index BSE. Nifty world was made by 2 words National Fifty, and sensex is a short-form of sensitive index.The Nifty 50 is carrying India’s high value 50 stocks that makes a measure impact on NSE(national stock exchange) or Indian market .
Some kind Nifty 50 all Fifty companies are india’s top 50 companies that are listed on both stock exchanges somehow there are also having nifty 100 or Nifty 200 or nifty 500 Just like Nifty 50 is carrying out india’s top 50 companies like nifty 100 also caring india’s top 100 companies like NSE OR BSE Nifty 100 also carrying nifty 50 companies and Nifty 200 also caring india’s top two hundred companies like nifty 50 and Nifty 100.
Somehow people are saying ‘why nifty 50 shows all NSE companies data because already nifty is caring 1600 companies then how only 50 companies show market trend ?
So that was because NIFTY Top 50 companies carry more than 50% of the Indian stock market. They are all huge companies that are listed on NSE OR BSE just like Reliance Industries or TATA group of industries.so that if the majority of 50 stocks are carrying out 50 % of market cap of indian market so it can change the trends 0f the market . Only
Reliance industries have 10% weightage on Nifty 50 NSE(National stock exchange). Hence NIFTY50 is an index that describes market trends up or down. We can also say like Bull or Bear.Bull means uptrend or bear means Down trend in the market.
Why are we called Bull or Bear ?
Because when a Bull saw his target or enemy he tries to push it up with his horns so many peoples in the market are trying to push market to the up that’s why they are known as Bull as well as Bear is push down his claw to get his enemy or food as like bull some peoples are trying to push market up so some people are trying to pull down the market for getting better deals.
NSE(National Stock Exchange) was launched in 1992 as per Business view NSE is the world’s 3rd number of stock exchanges having more than 1600 companies inside .
NIFTY50 is possessed and overseen by NSE Indices (recently known as India Index Services and Products Limited), which is an entirely claimed auxiliary of the NSE Strategic Investment Corporation Limited.NSE Indices had a promoting and permitting concurrence with Standard and Poor’s for co-marking value files until 2013. The Nifty 50 record was sent off on 22 April 1996, and is one of the many stock files of Nifty.
Like Nifty50 the world has more indices like nifty or sensex than india. So NSE(National Stock Exchange) having five category of index each one is having there indices
1. Board Market Indices
NIfty50
Nifty Next 50
Nifty 100
Nifty 200
Nifty 500
Nifty midcap 50
Nifty midcap 100
Nifty midcap 150
Nifty small cap 50
Nifty smallcap 100
Nifty smallcap 250
Nifty Mid Small 400
India vix
2.Sectoral Indices
Nifty Bank
Nifty Auto
Nifty Fin Service
Nifty FMCG
Nifty IT
Nifty Media
Nifty Metal
Nifty Pharma
Nifty Psu Bank
Nifty PVT Bank
Nifty Reality
3.Strategy Indices
Nifty DIV Opps 50
Nifty Growsect 15
Nifty 100 Quality 30
Nifty50 value 20
Nifty50 TR 2X LEV
Nifty50 PR 2X LEV
Nifty50 TR 1X INV
Nifty50 PR 1X INV
Nifty50 DIV Point
Nifty Alpha 50
Nifty50 EQL WGT
Nifty100 EQL WGT
NIFTY100 LOWVOL30
NIFTY200 QUALITY30
4.Thematic Indices
NIFTY COMMODITIES
NIFTY CONUMSPTION
NIFTY CPSE
NIFTY ENERGY
NIFTY INFRA
NIFTY100 LIQ15
NIFTY MID LIQ 15
NIFTY MNC
NIFTY PSE
NIFTY SERV SECTOR
5.Fixed Income Indices
NIFTY GS 8 13YR
NIFTY GS 10YR
NIFTY GS 10YR CLN
NIFTY GS 4 8YR
NIFTY GS 11 15 YR
NIFTY GS COMPSITE
Many times people ask that suppose if Sensex is an Index of 30 companies then those 30 companies should be affected. I have invested in a particular company so why does my stocks get affected ?
Many times , a sentiment of the market is called group psychology. You must have heard a proverb” all ships rise with the rising tide, So when there is a high tide, All ships rise with it. And with the low tide, all ships also go down. Similarly, if the sensex or the market does very well, then sometimes bad companies also rise with it and sometimes when the sensex goes down, many good companies also go down. And it becomes very important for you to analyze.
What Is Nifty 50 In Stock Market?
Meta Description
The Nifty Fifty Index was launched on May 31, 2004, and currently consists of fifty companies from various sectors of the economy.
Article
The Nifty Fifty index is an indicator that tracks the performance of the 50 largest stocks listed on the Bombay Stock Exchange (BSE). It is considered to be a good gauge for the overall economic activity in India.
What Is Nifty 50?
The Nifty Fifty is a stock market index that measures the performance of the top 50 stocks listed on the Bombay stock exchange. This index is used as a measure of the overall economic activity in the country.
The Nifty Fifty Index consists of the top fifty companies listed on the BSE. These companies represent approximately half of the total value of shares traded on the exchange. The index is calculated based on the closing price of each company at the end of every trading day. The index is then adjusted to reflect the change in prices during the previous five trading days.
The Nifty Fifty Index is one of the most popular indices used to track the Indian stock markets. It is calculated based on the closing prices of the top fifty companies traded on the BSE. The Nifty Fifty Index consists of the following companies: Reliance Industries Limited, Tata Motors Ltd., Hindustan Petroleum Corporation Ltd., State Bank of India, Bharat Petroleum Corp., ONGC Videsh Ltd., Coal India Ltd., Infosys Ltd., Wipro Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., Yes Bank Ltd., Indiabulls Housing Finance Ltd., Maruti Suzuki India Ltd., HUL Ltd., Dr Reddy’s Laboratories Ltd., Hero MotoCorp Ltd., Larsen & Toubro Ltd., Adani Ports Ltd., Bharti Airtel Ltd., DLF Ltd., Power Grid Corp. Of India Ltd., Asian Paints Ltd., RIL Ltd., SBI Life
The Nifty Fifty Index is one of the most popular indices used to measure the performance of Indian equities. The Nifty Fifty index consists of the top fifty companies listed on the BSE. These companies represent approximately half of the total value of shares traded on the exchange. The index is calculated based on the closing price of each company at the end of every trading day.
The Nifty Fifty Index is one of the most popular indices used to measure the performance of Indian equities. It is calculated based on the closing price of the top fifty companies traded on the BSE. The Nifty Fifty index has been around since
The Nifty Fifty Index is one of the most popular indices used to measure the performance of Indian equities. It is calculated based on the price movements of the top fifty companies listed on the BSE. The Nifty Fifty index has been around since 1952 and is currently valued at Rs. 1,000.
The Nifty Fifty Index is one of the most popular indices used to measure the performance of Indian equities. The Nifty Fifty is composed of the top fifty companies based on their market capitalization. These companies represent the entire spectrum of the Indian economy. The Nifty Fifty consists of both large and small companies. The Nifty Fifty has been around since 1952.
The Nifty Fifty Index is one of the most popular indices used to measure the performance of Indian equities. The Nifty Fifty consists of the top fifty companies based on their market capitalization. These companies represent around 5% of the total market value of the BSE. The index is calculated using the weighted average price of the shares of the constituent companies. The weightage of each company is determined according to the size of its shareholding.
The Nifty Fifty Index is one of the most popular indices used in the Indian stock markets. It is calculated based on the closing prices of the fifty largest companies traded on the BSE. These companies account for approximately half of the total value of shares traded on the exchange. The Nifty Fifty Index has been around since
The latest 2022 list of Nifty50 stocks
Sector representation
Sector
Weight(%)
Financial services
35.17
Information Technology
18.17
Oil, gas and consumable fuels
13.62
Fast Moving Consumer
7.18
Automobile and Auto Components
4.80
Healthcare
4.00
Metals and Mining
3.39
Consumer Durables
3.20
construction
2.79
Telecommunication
2.33
Construction and material
2.23
power
1.81
Services
0.73
Chemicals
0.55
All Companies of Financial sector and their weightage
Top 10 Companies of Nifty50 by Weightage
Company’s Name
Weight (%)
Reliance Industries Ltd.
11.89
Infosys Ltd.
9.13
HDFC Bank Ltd.
8.43
ICICI Bank Ltd.
6.64
HDFC Ltd.
5.66
Tata Consultancy Services Ltd.
5.07
Kotak Mahindra Bank Ltd.
3.37
ITC Ltd.
2.87
Larsen and Toubro Ltd.
2.79
Axis Bank Ltd.
2.63
Company Name
Stock Symbol
Weightage
Sector
Reliance Industries Ltd.
RELIANCE
10.56%
Petroleum Products
HDFC Bank Ltd.
HDFCBANK
8.87%
Banks
Infosys Limited
INFY
8.6%
Software
Housing Development Fin. Corp. Ltd.
HDFC
6.55%
Finance
ICICI Bank Ltd.
ICICIBANK
6.72%
Banks
Tata Consultancy Services Ltd.
TCS
4.96%
Software
Kotak Mahindra Bank Limited
KOTAKBANK
3.91%
Banks
Hindustan Unilever Ltd.
HINDUNILVR
2.81 %
Consumer Non Durables
Axis Bank Ltd.
AXIS BANK
2.29%
Banks
Larsen and Toubro Ltd.
LT
2.89%
Construction Project
ITC Ltd.
ITC
2.6%
Consumer Non Durables
State Bank of India
SBIN
2.4%
Banks
Bajaj Finance Ltd.
BAJFINANCE
2.52%
Finance
Asian Paints Limited
ASIAN PAINT
1.92%
Consumer Non Durables
Bharti Airtel Ltd.
BHARTIARTL
2.33%
Telecom – Services
HCL Technologies Ltd.
HCLTECH
1.68%
Software
Maruti Suzuki India Limited
MARUTI
1.27%
Auto
Tata Steel Ltd.
TATASTEEL
1.14%
Ferrous Metals
Wipro Ltd.
WIPRO
1.28%
Software
UltraTech Cement Limited
ULTRACEMCO
1.16%
Cement & Cement Products
Mahindra & Mahindra Ltd.
M&M
1.09%
Auto
Bajaj Finserv Ltd.
BAJAJFINSV
1.42%
Insurance
Sun Pharmaceutical Industries Ltd.
SUNPHARMA
1.1%
Pharmaceuticals
Titan Company Ltd.
TITAN
1.35%
Consumer Durables
Tech Mahindra Ltd.
TECHM
1.3%
Software
Dr Reddys Laboratories Ltd.
DRREDDY
0.77%
Pharmaceuticals
JSW Steel Ltd.
JSWSTEEL
0.82%
Ferrous Metals
Nestle India Ltd.
NESTLEIND
0.93%
Consumer Non Durables
Indusind Bank Ltd.
INDUSINDBK
0.7%
Banks
Tata Motors Ltd.
TATAMOTORS
1.12%
Auto
Power Grid Corporation of India Ltd.
POWERGRID
0.96%
Power
Grasim Industries Ltd.
GRASIM
0.86%
Cement & Cement Products
HDFC Life Insurance Company Limited
HDFCLIFE
0.86%
Insurance
Divis Laboratories Ltd.
DIVISLAB
0.85%
Pharmaceuticals
NTPC Limited
NTPC
0.82%
Power
Hindalco Industries Ltd.
HINDALCO
0.82%
Non – Ferrous Metals
Bajaj Auto Limited
BAJAJ-AUTO
0.57%
Auto
Adani Ports & Special Economic Zone
ADANIPORTS
0.68%
Transportation
Cipla Ltd.
CIPLA
0.67%
Pharmaceuticals
Tata Consumer Products Limited
TATACONSUM
0.63%
Consumer Non Durables
SBI Life Insurance Company Ltd.
SBILIFE
0.69%
Insurance
Bharat Petroleum Corporation Ltd.
BPCL
0.48%
Petroleum Products
UPL Ltd.
UPL
0.51%
Pesticides
Britannia Industries Ltd.
BRITANNIA
0.57%
Consumer Non Durables
Oil & Natural Gas Corporation Ltd.
ONGC
0.7%
Oil
Eicher Motors Ltd.
EICHERMOT
0.45%
Auto
Hero MotoCorp Ltd.
HEROMOTOCO
0.43%
Auto
Shree Cement Ltd.
SHREECEM
0.47%
Cement & Cement Products
Coal India Ltd.
COALINDIA
0.43%
Minerals/Mining
Indian Oil Corporation Ltd.
IOC
041%
Petroleum Products
Eligibility Criteria for Nifty 50 Stock List
As per the NIFTY 50 index methodology published by the IISL, the eligibility criteria that must be fulfilled by a company to become a part of the index are as follows:
The company must be based in India and listed on the National Stock Exchange.
In order to be included in the NIFTY 50 index, the stock must be available for trading in the NSE’s Futures & Options segment and must be a part of NIFTY 100.
Equity securities with Differential Voting Rights (DVR) are eligible to be a part of the index, provided they fulfil certain requirements.
The stock under consideration must have traded at an average impact cost of 0.50% or less, over the course of the last six months for 90% of the observations. Impact cost is nothing but the cost incurred by the buyer or seller while executing a transaction of a given security, with a pre-defined order size.
The company’s trading frequency must be 100% for the previous six months.
The average free float market capitalisation of the company must be at least 1.5 times the average free float market capitalisation of the smallest constituent of the NIFTY 50.
How is NIFTY 50 Calculated
Free float market capitalisation is the market capitalisation calculated for all the shares which are publicly available for trading. It is important to remember that free float market capitalization does not take those shares which are held by promoters, government, employee welfare funds, or any corporate entity. The proportion of shares which are held by the general public and are available for trading is represented by a ratio known as Investable Weight Factor (IWF).
The base year is 1995 and the base value is 1,000. The base market capital is the market capitalisation of the company in the year 1995.
NIFTY 50 index is calculated for the 50 stocks which are actively traded on the NSE.
Base market capital is the aggregate market capitalisation of each stock in the index during the base period.
Therefore,
Free float market capitalisation = (Shares outstanding) x (Price) x (IWF)
Index Value = (Current Market Value)/(Base Market Capital) x (Base Index Value)
To understand this better, let us consider an example. For the sake of simplicity, let us assume that NIFTY comprises only two companies – X and Y.
Company X has a total of 1,000 shares of which, 300 are held by promoters while the remaining 700 are held by the general public, and are available for trading. As for the Company B, it has a total of 1,500 shares of which 1,000 are available for active trading and the remaining 500 are with promoters, governments and corporate entities.
The share price of Company X is Rs.20 and the share price of Company Y is Rs.30. The base market value of the two companies is Rs.6,000.
CLEMSON, S.C. (AP) — Clemson starting shielding tackle Bryan Bresee will leave out his team’s sport with 10th-ranked North Carolina State on Saturday night time.
Team spokesman Ross Taylor stated Bresee had a non-football circumstance this week that required blood work and medical commentary. Taylor stated the Bresee circle of relatives received appropriate information from the tests overdue this week and Bryan’s situation isn’t anticipated to effect him long time.
Bresee and his circle of relatives are nonetheless mourning the demise of Bryan’s 15-12 months-vintage sister, Ella, She died of mind cancer on Sept. 15 and her brother ignored the win over Louisiana Tech on Sept. 17.
Bresee back to movement final Saturday in a 51-45 OT win at No. 22 Wake Forest where tipped a bypass from quarterback Sam Hartman on the Deacon’s very last unsuccessful force within the second time beyond regulation.
Clemson shielding address Bryan Bresee, one of the pinnacle defensive players inside the united states of america — and one of the pinnacle possibilities within the 2023 NFL Draft — will leave out Saturday’s sport vs. No. 10 N.C. State.
ESPN, citing resources with expertise of the scenario, suggested that Bresee will leave out the 5th-ranked Tigers’ meeting vs. The Wolfpack with a non-football scientific issue. He reportedly required blood work and statement but “acquired precise information medically” late in the week.
Bresee isn’t always expected to overlook vast time, ESPN stated.
Two weeks in the past, Bresee missed Clemson’s recreation vs. Louisiana Tech following the demise of his sister due to mind most cancers.
Bresee has 8 tackles, two for loss, and half of a sack in 3 video games performed this season
“Big information: #Clemson DT Bryan Bresee out for this night’s sport towards N.C. State. Spent time within the clinic this week with a kidney-related problem. Tough, tough week for the Bresee family.”
Williams later brought a in addition replace on Bryan Bresee on Twitter.
“Clemson says the Bresee family received accurate news on Bryan past due this week after observation, bloodwork following a kidney difficulty.”
A Clemson football spokesperson stated the problem is not expected to be long-time period, in keeping with Tiger Illustrated.
“Bryan Bresee skilled a non-football medical problem that required bloodwork and observation this week. The Bresee own family obtained suitable news on those checks overdue this week, and this is not predicted to be an extended-term issue.”
The preliminary information was extraordinarily concerning. But it appears as though Bresee could be k in the lengthy-run.
At 6’five, three hundred kilos, he’s one of the most intimidating protecting lineman in all of college football. He is taken into consideration to be a top-20 prospect in advance of next 12 months’s NFL Draft. Clemson football will surely omit his presence on the road towards North Carolina State.
Both the Tigers and Wolfpack are four-0 heading into Saturday night’s game. Clemson football is the favorite at home, however Bryan Bresee’s absence will play a function in the outcome of this recreation. The Tigers nonetheless have sufficient firepower to earn the win, but there has been no shortage of upsets to open the college soccer season.
CLEMSON, S.C. — No. 5 Clemson receives lower back one wished bodt in the secondary for the ACC Atlantic Division showdown with No. 10 NC State, but one of the group’s top defenders is out.
Clemson defensive address Bryan Bresee won’t play Saturday night time because of a kidney-associated trouble that hospitalized him earlier this week. Bresee missed Clemson’s win over Louisiana Tech weeks ago following the loss of life of his sister, Ella.
He again remaining week to play inside the double-extra time victory at Wake Forest. Now, Bresee, who is recorded 4 tackles and two tackles for a loss in 3 video games, faces some other setback.
His absence method more playing time for Ruke Orhorhoro, Tré Williams, Payton Page and DeMonte Capehart.
Safety Andrew Mukuba turned into introduced with the starting lineup, however cornerback Sheridan Jones did not match up tonight.
Malcolm Greene, who performs nickel nook, will now not return this week. He overlooked the last game as nicely. Defensive stop Xavier Thomas became no longer indexed on this week’s intensity chart and turned into now not inside the availability record Saturday evening, so he’s predicted to need greater time to return from foot surgery.
Information technology stocks have underperformed so far this year on fears of recession in the US. But many fund houses continue to hold these stocks, and have even bought more, believing these are available at attractive valuations
Year 2022 so far has brought bad news for the information technology (IT) sector, due to fears of recession in the US. The Nifty IT (TRI) index has lost 21 percent so far this year, compared to the Nifty 50 (TRI) gaining 5 percent. Mutual fund (MF) schemes that invested predominantly in IT stocks too followed suit, delivering an average negative return of 18 percent. Most of the stocks in the IT sectors are cash-rich companies and known for their strong balance sheets and healthy earnings growth. Many of them corrected significantly and are now available at reasonable valuations. Selective small-sized IT companies have also showed resilience with favourable growth prospects in the recent period. Here are the top small-cap IT stocks that active MF schemes preferred to hold in their portfolios as of July 31, 2022. (Data source: ACEMF)
Birlasoft Total number of schemes holding the stock: 41 Market value of the investment: Rs 1,584 crore Actively managed equity schemes that had notable exposure in the small-cap IT stock as of July 31, 2022 include Axis Small Cap, ICICI Pru Smallcap, IDFC Emerging Businesses and PGIM India Small Cap.
Cyient Total number of schemes holding the stock: 40 Market value of the investment: Rs 2,052 crore Aditya Birla SL Digital India, Franklin India Technology, ICICI Pru Smallcap, DSP Small Cap and Kotak Small Cap were few schemes that allocated significantly to the stock.
KPIT Technologies Total number of schemes holding the stock: 24 Market value of the investment: Rs 1,246 crore Few schemes that invested notably in the stock include Sundaram Small Cap, Franklin India Smaller Cos, PGIM India Small Cap and Nippon India Small Cap.
eClerx Services Total number of schemes holding the stock: 23 Market value of the investment: Rs 1,392 crore HDFC Small Cap, L&T Focused Equity, ITI Small Cap and DSP Small Cap were some of the schemes that allocated significantly to the stock
Zensar Technologies Total number of schemes holding the stock: 23 Market value of the investment: Rs 684 crore Schemes such as IDFC Emerging Businesses, ICICI Pru Smallcap, ICICI Pru Dividend Yield Equity, IDFC Multi Cap and Nippon India Flexi Cap made allocation to the stock as of July 2022.
Affle (India) Total number of schemes holding the stock: 20 Market value of the investment: Rs 729 crore Few schemes that invested notably in the stock include Franklin India Opportunities, Franklin India Technology, Nippon India Focused Equity and UTI Small Cap fund.
Firstsource Solutions Total number of schemes holding the stock: 20 Market value of the investment: Rs 918 crore HDFC Small Cap, Kotak Multicap, UTI Small Cap and UTI Core Equity were few schemes that allocated significantly to the stock.
Sonata Software Total number of schemes holding the stock: 14 Market value of the investment: Rs 988 crore Schemes such as HDFC Small Cap, L&T Emerging Businesses, Aditya Birla SL Digital India and HDFC Children’s Gift Fund made allocation to the stock as of July 2022.
Just Dial Total number of schemes holding the stock: 8 Market value of the investment: Rs 276 crore Few schemes that invested notably in the stock include Quant Value, Nippon India Small Cap and DSP Midcap fund.
Newgen Software Technologies Total number of schemes holding the stock: 6 Market value of the investment: Rs 96 crore PGIM India ELSS Tax Saver, HDFC Children’s Gift and PGIM India Small Cap fund are few schemes that allocated significantly to the stock.
NIIT Total number of schemes holding the stock: 5 Market value of the investment: Rs 387 crore Schemes such as Nippon India Small Cap, Union Value Discovery, Union Small Cap and ICICI Pru ESG made allocation to the stock as of July 2022.
Intellect Design Arena Total number of schemes holding the stock: 4 Market value of the investment: Rs 117 crore Some of the schemes that invested notably in the stock include ITI Small Cap, Nippon India Value and Nippon India Small Cap fund.
The Indian Stock Market Bull called Rakesh Jhunjhunwala is no more alive now. As per Media Reports, Rakesh Jhunjhunwala Death is due to Kidney Ailments and he passed away in the morning of 14 August 2022 @ 6:45 AM at Breach Candy Hospital.
Ace stock market investor Rakesh Jhunjhunwala died this morning at a Mumbai hospital. He was also the co-founder of Akasa Air, India’s newest airline which began commercial operations last week.
Along With Kidney Failure, Hospital Reported that he was bought Dead and there were Multiple Organ Failures. Moreover, Rakesh Jhunjhunwala Net Worth is of more than 5.5 Billion USD and is said to be the biggest Share Market Investor till now.
He Started his career in Mumbai with mere Rs 5,000/- in his pocket which he Invested in Indian Share Market. Rakesh Jhunjhunwala Death News saddened many people across India and it is now a topic of Talk for people.
Here in this post, you can see Rakesh Jhunjhunwala Death Reason, Rakesh Jhunjhunwala Net Worth and most importantly, Rakesh Jhunjhunwala Biography using which you can get complete knowledge about Biggest Stock Market Investor of India.
Table of Contents
Rakesh Jhunjhunwala Biography
Name
Rakesh Jhunjhunwala
Date of Birth
5th July 1960
Place of Birth
Jhunjhunu
Died
14 August 2022 (Aged 62 Years)
Cause of Death
Kidney Failure
Profession
Stock Market Investor and Businessman
Name of Wife
Rekha Jhunjhunwala
Childrens
Three Childrens
Father Name
Not Known (He was Income Tax Commissioner)
Education
CA (Chartered Accountant)
Rakesh Jhunjhunwala Net Worth
Rs 40,000 Crore
This Table above represents the Rakesh Jhunjhunwala Biography and all the related information to him. Rakesh Jhunjhunwala Passed away today on 14 August at the age of 62 Years due to Kidney Failure. As per sources available with us, he left 3 Children behind and is having Net Worth of More than Rs 40,000 Crore.
Rakesh Jhunjhunwala is also known as Big Bull of Indian Share Market and has started his career in Market with Rs 5,000/- Investment. Currently, he holds a huge portfolio of more than Rs 11,000 Crore in Market. Along With this, he recently started Akasa Airlines with Viney Dubey and Jhunjhunwala Holds more than 45% Holdings in it.
Rakesh Jhunjhunwala Net Worth
Net Worth of Rakesh Jhunjhunwala is of more than Rs 40,000 Crores.
He is the 36th Richest Person in India with Many Companies in his hand.
His Latest Venture in the Airline Industry is Akasa Airlines.
Rakesh Jhunjhunwala Net Worth includes his Rs 11,000 Crore Investments in Indian Share Market.
Biggest Investment in Share Market Includes Rs 7,000 Crore investment in Titan Company.
So this is complete information about Rakesh Jhunjhunwala Net Worth.
Rakesh Jhunjhunwala Death Reason
Rakesh Jhunjhunwala Death Reason is Kidney Failure.
He Died in Early Morning of 14th August 2022.
Rakesh was discharged a Week Ago from Breach Candy Hospital.
Today he was brought to Hospital at 6:30 AM and Hospital Declared him dead.
Along With Kidney Failure, Rakesh Jhunjhunwala suffered Multiple Organ Failure.
He was Suffering from Medical Ailments for the past 3 Years.
So these are some of the Rakesh Jhunjhunwala Death Reasons.
Effects of Rakesh Jhunjhunwala on Share Market
The Death of Sir, Rakesh Jhunjhunwala has shaken the share market. Lakhs of condolences messages has been posted on the Twitter. He has played a major role in the building of the Indian economy. He was the 48th richest businessmen of our nation.
He has major share holding in Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences.
Rakesh Jhunjhunwala Portfolio
Rakesh Jhunjhunwala and Associates publicly holds 32 stocks of over Rs. 31,904.8 crore. His major holdings in some of the biggest companies are detailed below.
Rakesh Jhunjhunwala Death, Net Worth, Biography
He was born on 5th July, 1960 in Mumbai. On 14th August, 2022 Rakesh jhunjhunwala was declared dead at 6:45 A.M. Due to Kidney failure at Breach Candy hospital, Mumbai.
Rakesh Jhunjhunwala’s wife Rekha Jhunjunwala is also a stock market investo Rakesh has three children 1 daughter Nishtha Jhunjhunwala and two sons Aryaman Jhunjhunwala, Aryavir Jhunjhunwala.
Rakesh Jhunjhunwala was rushed to the Breach Candy Hospital in Mumbai at around 6.45 am after he suffered a cardiac arrest. He was declared dead on arrival by the hospital authorities. He was 62.
Jhunjhunwala was suffering from multiple health issues and was discharged from the same hospital a few weeks ago after being treated for kidney-related issues.
The veteran trader-cum-investor, known as the Big Bull of Dalal Street, was reported to have a net worth of around $5.8 billion, according to Forbes. He was the 36th richest billionaire in India.
He had recently teamed up with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh to launch Akasa Air – which took to the skies last week. He was seen on a wheelchair at the launch of Akasa Air.
Rakesh Jhunjhunwala was also dubbed as “India’s Warren Buffett” who was mostly bullish about the country’s stock market. He forayed into the aviation industry at a time it had suffered huge losses due to the Covid-19 pandemic. On being asked, he said, “A lot of people question why I’ve started an airline. It’s better to have tried and failed than not tried at all.”
Overall, Jhunjhuwala had investments in more than three dozen companies. Titan, Star Health, Tata Motors and Metro Brands were some of his largest holdings. He was also the chairman of Hungama Media and Aptech.
His privately-owned stock trading firm Rare Enterprises derived its name from the first two letters of his name and that of his wife Rekha, who is also an investor.
Rakesh Jhunjhunwala was born on July 5, 1960. His father worked as an Income Tax officer in Mumbai. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.
Jhunjhunwala began investing with ₹ 5,000 in 1985 when the Bombay Stock Exchange’s benchmark index Sensex was at 150; it now trades at over 59,000.
Prime Minister Narendra Modi condoled his death and said the legendary investor “leaves behind an indelible contribution to the financial world.” Union Minister for Civil Aviation Jyotiraditya Scindia said he will be remembered for giving India its new airline Akasa Air after more than a decade.
Bullish on India
Market veteran Ajay Bagga told the BBC that Jhunjhunwala “personified the India story”.
“[He was] a young middle-class boy rising up the ranks to build such a vast fortune, and setting the stage for the growth momentum in the Indian financial markets,” he said.
Mr Bagga added that Jhunjhunwala had an infectious “optimism for India”. That optimism was reflected in Jhunjhunwala’s other famous nickname – the Big Bull of Dalal Street, a reference to the address of the Bombay Stock Exchange.
Jhunjhunwala remained optimistic till the end – a week before his death, he told news channel CNBC-TV18 that regardless of global economic conditions, he believed that Indian markets would grow, “but at a slower pace”.
How Jhunjhunwala made money?
The son of an income tax officer, Jhunjhunwala has said that he became fascinated with stocks as a child after watching his father balance his market investments.
Jhunjhunwala began investing in the stock market in 1985, when he was 25 years old – he started off with $100 that he had borrowed from a relative, reports say.
He later set up Rare Enterprises – the name was coined from the first two letters of his name and that of his wife Rekha.
He had the reputation of being a risk-taker in his investments, many of which paid off spectacularly.
In a 2021 profile, Forbes wrote that while Jhunjhunwala “acquired his legendary Midas touch by picking winning stocks”, he has also recently started seeing his private equity investments pay off.
A decade ago, he told Reuters in an interview that he didn’t like being called “India’s Warren Buffett”, adding that the Berkshire Hathaway CEO was “far, far ahead” of him.
“I’m not a clone of anybody. I’m Rakesh Jhunjhunwala,” he had said.
“He was very good at reading businesses and had conviction, passion and very blunt opinions about things,” said businessman Motilal Oswal, who set up one of India’s leading brokerages.
Jhunjhunwala had recently backed Akasa Air, India’s newest budget airline, which began operations earlier in August. While the Covid pandemic had ravaged domestic air travel for the past two years, passenger traffic has risen sharply this year.
The veteran stock market investor was a self-made trader, and invested in several established businesses and startups, including the country’s newest airline Akasa Air. Known for his selection of stocks for long-term investing, Jhunjhunwala was among the most influential market voices in India.
While equity investments in the world’s second-most populous nation are yet to emerge as a major source of household savings and form less than 5% of assets, the south Asian nation has in recent years experienced a frenzy of retail investments in the equity market.
India has added about 58 million new retail investors, more than the population of South Korea, since the outbreak of the pandemic in early 2020.
Prime Minister Narendra Modi confirmed Jhunjhunwala’s death in a post on Twitter. He said the investor was “indomitable” and left behind “an indelible contribution to the financial world.”
Jhunjhunwala, known as “Big Bull” in India, said in an interview with Bloomberg in 2005 that his strategy of picking stocks ahead of their growth cycle was inspired by US billionaire George Soros and Hong Kong investor Marc Faber, while Chairman and Chief Executive Officer Warren Buffett was one of his role models.
Prime Minister Narendra Modi took to Twitter to express his condolences. was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti,” the Prime Minister said in his tweet.
Home Minister Amit Shah, followed the Prime Minister and said that he was anguished to learn about the passing away of Rakesh Jhunjhunwala. “Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. He will always be remembered for his bullish outlook. My deepest condolences to his family. Om Shanti Shanti,” the Union Minister said.
Uday Kotak, the CEO of Kotak Mahindra Bank was also seen remembering the ace investor on Twitter. “Rakesh Jhunjhunwala: my school and college mate. One year my junior. Believed stock India was undervalued. He is right. Amazingly sharp in understanding financial markets. We spoke regularly, more so during Covid. Will miss you Rakesh!,” he said on the social networking website.
India’s richest man Gautam Adani was also among those mourning the death of the billionaire investor. “Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views. We will miss him. India will miss him but we will never forget him. RIP,” Gautam Adani said.
Even marquee names from Dalal Street tweeted about their memories of the investor. Samir Arora, Founder & Fund Manager of Helios Capital reminisce his days with the big bull. “Very sad news. Rakesh was a great guy with a big big heart. I always fondly remember that he gave a farewell party when I was moving from Mumbai to Singapore and gave me a sculpture of Saraswathi which we still have,” he said on Twitter.
Independent investment advisor Sandip Sabharwal too remembered Rakesh Jhunjhunwala’s bullishness. “Sad to hear of #Rakeshjhunjhunwala passing away His bullishness was infectious. Will be missed. May his soul RIP,” Sabharwal said.
Reflecting back on Rakesh Jhunjhunwala’s conviction in India’s growth story, Securities Lawyer Sandeep Parekh said on Twitter that Rakesh Jhunjhunwala was a legend who could speak human. “His folksy speeches could convince non-believers in the India story. He left us just as we celebrate India’s Independence, success and growth. Om shanti,” he added. The lawyer even suggested that Dalal Street should be re-named to Rakesh Jhunjhunwala Marg. “‘Marg’ word is important – he showed so many of us the marg ahead.”
Rakesh Jhunjhunwala’s first big profit came from this Tata group stock
Ace investor with Midas touch Rakesh Jhunjhunwala passed away in early morning on Sunday due to cardiac arrest. The Big Bull of Dalal Street began investing in stocks with ₹5,000 and according to Forbes, Rakesh Jhunjhunwala net wealth today is 5.8 billion.
Remembering Rakesh Jhunjhunwala: Why the Big Bull was a bear when it came to startups, cryptocurrencies
eteran investor Rakesh Jhunjhunwala passed away on Sunday morning. The investor with had been dubbed “India’s Warren Buffet.” If sources are to be believed, the investor was brought to the Breach Candy Hospital at 6:45 AM and was declared dead.
He was suffering from multiple health issues including kidney ailments and had been discharged from the hospital a few weeks ago, they said. Both a trader and a chartered accountant, and one of the richest men in the country, he was last seen in public at Akasa Air’s launch.
Jhunjhunwala was also chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.
As the news of his death went viral, people on social media mourned the loss of Jhunjhunwala. “An inspiration to millions of stock market traders and investors, Sark Rakesh Jhunjhunwala has left us. He will be remembered and lived in our hearts forever.
Rest in Peace sir,” wrote a Twitter user. Here are a few tweets:
Jhunjhunwala had successfully invested in Titan, CRISIL, Sesa Goa, Praj Industries, Aurobindo Pharma, and NCC over the years. His stock prices fell by 30% following the 2008 global recession, but recovered by 2012.
When Jhunjhunwala was in college, he began dabbling in the stock market. He enrolled at the Institute of Chartered Accountants of India, but after graduating, he decided to dive headfirst into Dalal Street. Jhunjhunwala invested Rs 5,000 in capital in 1985. That capital had grown to Rs 11,000 crore by September 2018.
If there was one man who could make everyone sit up and listen to him, it was Rakesh Jhunjhunwala. His high-pitched rhetoric transfixed all who listened to him, mainly because he passionately believed something that we would all like to believe as well:
Our own great future. His conviction in the future of India was spell-binding, to say the least. Jhunjhunwala, 62, was an icon for millions of wannabe stock market millionaires. Everyone is aware that his riches were created through stocks he held for many, many years and the wait that proved to be worth it.
What is less talked about is the serious risk that accompanied these investments when they were made. Even less known is the fact that it was his aggression in trading that had been his primary source of capital.
The adulation for RJ is not just because of his long-running track record in investing but also because he had maintained his dignity for so long in stock markets, where high fliers have often turned out to be dubious or at least have tarnished their reputation at some point or the other.
At a comparatively young age of 15, my fathers’ conversations with various people introduced me to the world of stocks and stock markets. I started reading the daily stock quotations in the newspapers and realised that stock values fluctuate and I found that fascinating.
I was a curious child and was constantly quizzing my dad as to why these values fluctuate. He asked me to relate fluctuations to the news items appearing in the newspapers, thus, beginning the unending process of my education as an investor.
I was told that profit and loss accounts and balance sheets play an important role in determining stock values, and thus I started reading every annual report that I could lay my hands on and scanned the newspapers for news on companies’ profits.
In the meanwhile, I completed my graduation and started my chartered accountancy. I soon realised that companies have the highest quantum of profits, or highest reserves and surplus, or that the highest net worth need not necessarily have the highest stock price. I read somewhere that “A balance sheet is like a bikini – what it reveals is alluring, what it hides is vital.” I learnt that this is right.
On completing my CA in 1984, I accepted the challenge of making a career by investing and trading in stocks. I started following stocks and markets very intensively, for stocks were now my livelihood, and I learnt that it’s not the sheer quantum of profits, but the quality of profits that matters as much.
I was introduced to a simple mathematical equation. Earnings per share (EPS) x price earnings ratio (PER) = price. It was apparent that when both the variables determining price, that is, EPS and PER gain, the stock prices explode.
I believe that when we invest in a company, we invest in a business model. All profits arise due to certain prevalent factors which are dynamic in nature. In my analysis, rather than trying to project absolute profitability, I try to understand the reasons and circumstances that give rise to these profits.
I learnt that EPS was very specific to each company, while the PER was dependent on various factors, both internal and external to the company. We could not look only at the sheer EPS of a company, but there was a need to look at the quality of EPS. The quality depended mainly on three factors: the accounting policies followed, cash profile of the profits, and, return on capital employed, that is efficient use of capital.
The internal conditions that determine PER include the reward records of the company, predictability of earnings, risk model, perceived growth opportunity, and the perceived integrity of the management.
I also learnt that markets disproportionately reward companies that are leaders, innovators and performers. We can predict future prices by predicting future EPS and PER, but in order to predict future profits, we need to understand real-life business.
While predicting a company’s profit, I assess the following:
The addressable external opportunity is available to the company. The scope of demand for the product or service of the company determines its addressable external opportunity. To illustrate, the profitability of Infosys fluctuates primarily with global demand for software services; Colgate India’s growth is dependent on the size and the growth of the toothpaste market in India.
The competitive ability of the company: This means delivering quality products/services at the lowest price to the widest customer base. I judge whether the company has a significant competitive ability to capture the opportunity in a profitable manner over a sustainable timeframe.
This ability is a synthesis of various factors and can arise due to technology, marketing skills, locational advantages, network size, capital availability and size, skilled people, etc. Generally, this is not due to any single factor but is chemistry of various ingredients. The effect of operating leverage on profits.
Scalability and integrity of the company: To illustrate, I remember reading about a Maruti car saying, “When I grow up, I shall be Mercedes.” Alas, many companies never grow up to become a Mercedes and remain Marutis despite optimistic assumptions of investors.
This happens because the management is unable to scale up the business. This primarily happens because they may not have the vision, or risk appetite, or meritocracy, or the systems and processes needed to scale up the business.
I believe the prediction of EPS is mainly science and partly art. But prediction of PER is an art, with very little science. It is a chemistry that can be mastered only by experience. Like cooking and sex, it cannot be taught, but it has to be learnt. I learnt that understanding/predicting PEs is the most difficult of all and the most critical factor to successful investing. When I evaluate an entry price, I always look for a margin of safety. I look at the gap between the entry price and the price in a scenario in which most of the positive assumptions don’t pan out as expected.
The ingredients of successful investing lie in locating gaps between current expectations and future likely performance which provide me favourable odds as an investor.
Perhaps the single biggest error in the investment business is failure to distinguish between knowledge of a company’s fundamentals and the expectations implied by the stock price. When a company has strong fundamentals, investors tend to buy irrespective of expectations.
Similarly, weak fundamentals cause investors to avoid a stock. These tendencies lead to an inability to properly calibrate the odds, producing suboptimal performance. The issue is not which stock will be the winner, but rather, which companies are available at valuations that promise superior returns.
Understanding market expectations reflected in the odds (valuations) is as important as understanding fundamental business performance.
The great investor, Warren Buffett, has said, “Interest rate acts like gravity on all financial assets.” It is a fact that a declining interest rate is a great positive for stock valuations, and vice versa. In fact, one of the major reasons, Indian stocks went up in the earlier bull market was the continuous and secular decline in interest rates in the country.
One of my friends always says: ‘Trend is my friend’. The market always trends either upwards of downwards. As an investor, I learnt not to pre-empt trends, we must allow the trend to spend itself and only then react. Like all material things in life, even investing has a four-letter word attached to it – risk.
I learnt that investing is risk taking, if anything. All risk taking associated with two human emotions, that is, fear and greed- greed of profits and fear of losses. The ability to strike the right balance between fear and greed is the most vital determinant of profitable risk taking.
Experience taught me that markets are prone to irrational exuberance, that is, bouts of extreme optimism as also manic depression, that is, bouts of extreme pessimism.
I think the price of Infosys in March 2000 at Rs.14,000 represented irrational exuberance, while the price of Rs.2,300 in September 2001, represented manic depression. It is such pendulum shifts from depression to exuberance or vice versa that create the opportunity to invest/disinvest wisely/profitably and to make money.
Over the years, I have learnt that not only is it critical and extremely difficult to identify such inflection points, it is more difficult to deal with such situations.
When markets are experiencing irrational exuberance (making money in the stock market is taken as a birthright), to be in cash and to be over-invested when the markets are gripped by fear and extreme pessimism, is as you all know easier said than done.
“In markets, it sometimes feels like being under-sexed in a harem and over-sexed in a desert.” I think good investors should be always feeling under-sexed when there is depression and over-sexed when there is irrational exuberance.
It’s a fact that one cannot be a successful investor without understanding the markets. Markets are the temples of capitalism. I have learnt that markets are ruthless and very intelligent. A market participant should always respect markets as being the ultimate arbitrators and deciders.
I believe that the markets always decide rightly and correctly over a sufficient period of time. Sometimes, the ability of markets to filter and value truly astonishes me.
The other important thing for me is trading. If I don’t trade and don’t have profits where will I get the capital to invest? The only ways I can invest are to sell my old assets, have trading profits or borrow. So trading is important to generate capital
. Trading also keeps you on tenterhooks – you are always alert and razor sharp. For trading, I look at technicals, which are essentially price movements. When price movements confirm my thought process, I buy aggressively.
The sheer feeling that the markets have bottomed out or that fundamentals and valuations are favourable is not enough. The final confirmation has to come from price only. Having said that, I won’t build an investment portfolio on price confirmation only.
However, if I have already bought the shares and the price gains, it gives me that much more confidence to hold or increase my stake. So I think to make a good investment, some kind of technical knowledge or a feel for the market is important.
Last but not the least, my experience as an investor has altered me as a human being. I, one of the most dogmatic men, have now learnt to say that ‘I can always be wrong’ at the end of every opinion that I express. I have also learnt that good investing calls for a careful examination of all points of view and alternative scenarios.
Just as in a modern world, the ability to adapt and change and mitigate prejudice is crucial to success, so it is in the investing world.
Discipline, just like in all walks of life, is very important in investing too. I have learnt that in investing decisions all factors are numerators but the denominator is only one which is price/value, for it is ultimately the price or value at which you buy/sell shares which determines not only your profit/gains but also the very important aspect of the risk that you take.
At a value, I am a buyer of everything, including the most hated companies. It is important “what you are buying, but it is more important at what value/price you are buying.”
Finally, we invest in an uncertain and dynamic world. It is imperative to constantly review your investments, especially because changing circumstances could necessitate a change in the assessment of the future.
A review is also important because we don’t always make our entire investment at one go; instead, we may do it in phases as things pan out. I have always followed this principle for many of my investments. Consistent review also allows us to judge when it is appropriate to exit an investment.
Similarly, exiting a stock is an independent decision, not driven by profit or loss. I sell if I judge that I have better competitive opportunities. Since price equals EPS X P/E, I would also sell when the EPS or expectations about the EPS of a company are coupled with unreasonable P/E ratios.
Since value and valuation are both transitory and have no definite benchmarks, I am not of the camp that says that you should sell just because the stock has historically expensive valuations. I evaluate the technical position in a stock when exiting as one can never predict the limits of extreme behaviour.
Technical analysis helps me to sell beyond the fair value in the case when equities overshoot. While I don’t try to sell at the top, I do aspire to capture the overshooting beyond fair value.
I thought ‘beauty’ was a difficult adjective in the English language, until I started to assess value in order to invest. In conclusion, both beauty and value are the most difficult adjectives in the English language. My quest of finding beauty and value is a process of education that is just never ending as – I learn something new and educative with every passing moment.
Akasa Air’s Future After Rakesh Jhunjhunwala: Know About India’s Newest Airline
Rakesh Jhunjhunwala-owned Akasa Air last week (on August 7) saw its first commercial flight depart from Mumbai to Ahmedabad. It on Friday also inaugurated its service in Bengaluru-Kochi-Bengaluru sector. Now, after the demise of Jhunjhunwala, India’s newest airline’s future is grabbing attention. The ace investor held a 40 per cent stake in the company, and aviation veterans Aditya Ghosh and Vinay Dube are the co-founders of the airline.
Akasa Air Founder, 48th Richest & India’s Warren Buffett: All About Ace Investor Rakesh Jhunjhunwala
Veteran stock market investor Rakesh Jhunjhunwala, often referred to as India’s Warren Buffett, died in Mumbai at 62. He was one of the co-founders of Akasa Air, a newly built airline company.
Jhunjhunwala died early this morning due to a cardiac arrest, a source in his newly set up airline said. Often referred to as ‘India’s Warren Buffett’ and the Big Bull of Indian markets, Jhunjhunwala’s net worth was about Rs 46,000 crore, according to Forbes.
It was in his growing years that Rakesh Jhunjhunwala first developed an interest in the stock market. His father, an Income Tax Officer, would discuss it with his friends. Little did he know that in the background of those keen conversations, his son would grow up to become a billionaire investor, one of India’s richest, and would one day come to be known as ‘India’s Warren Buffet
Rakesh Jhunjhunwala believed in India and the sheer potential of the country. This conviction led him to consistently make bold decisions throughout his life and career. He had tremendous regard for the Tata Group. Mr. Jhunjhunwala’s passing is an irreparable loss and we extend our deep condolences to his family and friends: N Chandrasekaran, Chairman, Tata Sons.
Veteran investor Rakesh Jhunjhunwala passed away on Sunday morning. The investor with had been dubbed “India’s Warren Buffet.” If sources are to be believed, the investor was brought to the Breach Candy Hospital at 6:45 AM and was declared dead.
He was suffering from multiple health issues including kidney ailments and had been discharged from the hospital a few weeks ago, they said. Both a trader and a chartered accountant, and one of the richest men in the country, he was last seen in public at Akasa Air’s launch.
Jhunjhunwala was also chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services
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GST SUVIDHA KENDRA® वन स्टॉप गेटवे है जो एसएमई छोटे और मध्यम उद्यमियों, दुकानदारों, 20 लाख से अधिक टर्नओवर वाले व्यक्तियों को भारत में कर पेशेवर द्वारा वसूले जाने वाले बहुत कम शुल्क पर अपना जीएसटी रिटर्न समय पर दाखिल करने में मदद करेगा।GST SUVIDHA KENDRA
आसान समझने के लिए, आइए एक उद्यमी श्री अजय गुप्ता के उदाहरण से समझते हैं। अजय आवश्यक विभिन्न कानूनी दस्तावेजों की जानकारी के बिना एक छोटा व्यवसाय शुरू करना चाहता है। उन्होंने अपने दोस्तों की राय मांगी और क्या उन्हें एक टैक्स सलाहकार के पास भेजा गया, जिन्होंने कंपनी पंजीकरण प्रक्रिया में उनकी मदद की।GST SUVIDHA KENDRA
इस पूरी प्रक्रिया में, अजय को बहुत सी चीजों से निपटना पड़ता है: GST या GSTIN, TAN, PAN, DSC, DIN आदि। इस लंबी प्रक्रिया के पीछे उन्हें बहुत समय और ऊर्जा खर्च करनी पड़ी। उसे एक ही दस्तावेज़ के लिए अलग-अलग शुल्क का भुगतान करना पड़ा क्योंकि वह कई लोगों से जुड़ा हुआ था।GST SUVIDHA KENDRA
यहां तक कि अजय भी जीएसटी से जुड़ी कुछ बातों के बारे में निश्चित नहीं थे लेकिन उन्हें तब तक मदद नहीं मिली जब तक कि उन्होंने जीएसटी पंजीकरण और मासिक जीएसटी रिटर्न का भुगतान समाप्त नहीं कर दिया। नतीजतन, उन्होंने इसे कम सटीकता के साथ दायर किया। यह आजकल भारत में आम तस्वीर है। GST SUVIDHA KENDRA
सही? अजय ने व्यवसाय ठीक से शुरू नहीं किया है और उसे अनुपालनों से निपटना है जो एक नियम है लेकिन इस पूरी प्रक्रिया में अगर अजय को एक एकल आर्थिक सेवा सुविधा केंद्र मिल सकता है जो उसे शुरू से अंत तक समय पर मदद कर सकता है, तो वह कर सकता था बहुत सारा पैसा और बहुत समय बचाया, जो अधिक कीमती है। हममें से कई लोगों को उसी असुविधा/समस्याओं का सामना करना पड़ा होगा जिसका सामना अजय ने किया था, है ना? जीएसटी रिटर्न हो या इनकम टैक्स रिटर्न, चीजें हमारे लिए इतनी आसान नहीं हैं।GST SUVIDHA KENDRA
अपना खुद का उद्यम शुरू करना कोई आसान काम नहीं है। आपको अपनी अच्छी तनख्वाह वाली नौकरी छोड़ने और खरोंच से अपना खुद का व्यवसाय शुरू करने के लिए बहुत हिम्मत, साहस और ताकत की आवश्यकता है। आपको उसके लक्ष्यों के प्रति प्रतिबद्ध, दृढ़निश्चयी और आत्मविश्वासी होना चाहिए। आपको अपने आप को यह समझाने की जरूरत है कि बाजार में इस उत्पाद/सेवाओं की अत्यधिक आवश्यकता है और आप इसे बनाने के लिए सबसे अच्छे व्यक्ति हैं।GST SUVIDHA KENDRA
कोई भी व्यक्ति जो भारतीय नागरिक है, GST सुविधा केंद्र® शुरू कर सकता है और अन्य व्यवसाय में मदद कर सकता है
जीएसटी सुविधा केंद्र® जीएसपी द्वारा नियुक्त और स्वीकृत जीएसटी सुविधा केंद्र है। कोई भी भारतीय नागरिक किसी भी आकार के व्यवसायों की सेवा के लिए जीएसके शुरू कर सकता है। जीएसके लागत प्रभावी तरीके से उनकी जीएसटी अनुपालन जरूरतों की दिशा में काम करेगा। मौसमी व्यवसायी और आकस्मिक करदाता भी इन केंद्रों का लाभ प्राप्त कर सकते हैं और बहुत आसानी से जीएसटी का अनुपालन कर सकते हैं।GST SUVIDHA KENDRA
जीएसके भारत सरकार को प्रक्रिया को सरल बनाने और अच्छा और सेवा कर (जीएसटी) रिटर्न दाखिल करते समय व्यक्तियों, छोटे और मध्यम आकार के व्यवसाय और व्यापारियों के सामने आने वाली बाधाओं और उत्पीड़न को दूर करने में मदद करेगा। जीएसटी सुविधा केंद्रों की यह कुशल और प्रभावी अवधारणा फ्रेंचाइजी मॉडल के रूप में बड़े पैमाने पर विस्तार पर है।
इन केंद्रों में भारत के सबसे बड़े कर सुधार के लिए एक अभूतपूर्व सफलता होने की क्षमता है, यह कम लागत वाला मॉडल है जो जीएसटी रिटर्न दाखिल करने की लागत और बोझ को कम करने का वादा करता है और इसलिए आपके पंजीकृत व्यावसायिक इकाइयों के बड़े हिस्से को कवर करता है।GST SUVIDHA KENDRA
भारत के वर्तमान परिदृश्य में दर्शाया गया है कि एक छोटा व्यवसायी जीएसटी पंजीकरण, जीएसटी रिटर्न, ईवे बिल और अन्य सभी जीएसटी अनुपालनों के साथ पूरी तरह से भ्रमित है। साथ ही सीए जैसे पेशेवर कर सलाहकार की उच्च मूल्यवान सेवाओं को किराए पर लेना उनके लिए वहनीय नहीं है। यह हर किसी के लिए चाय का प्याला नहीं है। तो या तो, वे ज्ञान की कमी या आर्थिक समाधान की खोज के कारण जीएसटी पंजीकरण के लिए आवेदन नहीं करते हैं।GST SUVIDHA KENDRA
सरकारी वेबसाइट (जीएसटीएन) कई बार क्रैश हो जाती है जब भारी लोड के कारण रिटर्न फाइलिंग की बात आती है और बहुत सारे सत्यापन होते हैं जो आपके पेज को स्वाइप कर सकते हैं, भले ही आप सब कुछ सही तरीके से करें। तकनीक की समझ रखने वाले कंप्यूटरों की निश्चित लागत और आवश्यक कौशल वाले कर्मचारियों की परिवर्तनीय लागत भी जीएसटी के पर्याप्त निष्पादन के लिए एक बड़े प्रतिरोध के कारण हैं।
जीएसटी सुविधा केंद्र® लागत को कम करके इसे समाप्त करता है, जीएसटी पंजीकरण के लिए कम सीमा बिंदु वाले छोटे व्यवसाय को बड़ी राहत प्रदान करता है, जो कि 20 लाख रुपये से ऊपर है। प्रत्येक करदाता के पास अब बहुत मामूली दरों पर जीएसटी सुविधा केंद्र® का विकल्प है।GST SUVIDHA KENDRA
जीएसटी प्रणाली में करदाताओं के लिए जीएसटी प्रणाली का उपयोग करने के लिए जी2बी पोर्टल है लेकिन यह तीसरे पक्ष के आवेदन प्रदाता के माध्यम से चलता है जो कि जीएसपी है जो अंततः जीएसटी सर्वर से जुड़ता है।GST SUVIDHA KENDRA
जीएसटी क्या है – गुड्स एंड सर्विसेज टैक्स?
जीएसटी अवलोकन GST (वस्तु एवं सेवा कर) भारत का सबसे बड़ा अप्रत्यक्ष कर सुधार है। 1 जुलाई 2017 से भारत में एक व्यापक दोहरी जीएसटी पेश किया गया था। विश्व अर्थव्यवस्था के वर्तमान परिदृश्य में दर्शाया गया है कि दुनिया भर में 140 से अधिक देश जीएसटी प्रणाली का उपयोग करते हैं। कनाडा की तरह, भारत ने दोहरी जीएसटी (सीजीएसटी और एसजीएसटी) प्रणाली को अपनायाGST SUVIDHA KENDRA
जीएसटी के लाभ जीएसटी मुख्य रूप से वस्तुओं और सेवाओं की बिक्री पर व्यापक प्रभाव को हटाता है। कैस्केडिंग प्रभाव का उन्मूलन सीधे माल की लागत को प्रभावित करता है। चूंकि इस व्यवस्था में कर पर कर समाप्त कर दिया गया है, यह अंततः वस्तुओं और सेवाओं की लागत में कमी का परिणाम है जो अंतिम उपयोगकर्ताओं या नागरिकों को लाभान्वित करता है।GST SUVIDHA KENDRA
श्री नरेंद्र मोदी, माननीय प्रधान मंत्री, 2014 में केंद्र में भाजपा सरकार के सत्ता में आने के बाद से सभी प्रमुख प्रक्रियाओं या दस्तावेजों के डिजिटलीकरण पर जोर देते हैं। जीएसटी भारत सरकार द्वारा सबसे महत्वाकांक्षी और दूरदर्शी निर्णयों में से एक है।GST SUVIDHA KENDRA
जीएसटी की पूरी प्रक्रिया डिजिटल और तकनीकी रूप से संचालित है। जीएसटी पोर्टल पूरी प्रक्रिया को सरल बनाने, अधिकतम सटीकता और उल्लेखनीय गति हासिल करने के लिए शुरू किया गया है। इस पोर्टल का उपयोग करके, पंजीकरण, रिटर्न फाइलिंग, रिफंड के लिए आवेदन और नोटिस का जवाब जैसे सभी चरणों को बहुत आसानी से पूरा किया जा सकता है।GST SUVIDHA KENDRA
Advantages of GST:
✓ Elimination of Multiple Taxes
✓ Saving more Money
✓ Ease of business
✓ Easy Tax Filing and Documentation
✓ Cascading Effect deduction
✓ More Employment
✓ Increase in GDP
✓ Reduction in Tax Evasion
✓ More Competitive Product
✓ Increase in Revenue
Disadvantages of GST
✓ Technical issues for Indian Taxpayers
✓ Purchase Reporting in Composition Scheme
✓ Annual GSTR Form Utility
✓ Credit Reversal
✓ No Option for Extra Tax Paid and Refund Challan
✓ GSTR 2A Availability
✓ Agricultural Commission Agent & Joint Development Agreement Issues
✓ GSTR 3B Issues
✓ GSTR 1 Issues
✓ Issues in TRAN 1 form
✓ Some Pertinent Issues for Small Traders
✓ Issues for E-commerce Companies
✓ E-way Bill and Interstate Trade
✓ Evaders Bonanza
✓ GST and Fiscal Fractures
जीएसटी पंजीकरण जीएसटी व्यवस्था में, जिन व्यवसायों का कारोबार रुपये से अधिक है। 20 लाख (पूर्वोत्तर और पहाड़ी राज्यों के लिए 10 लाख रुपये) को खुद को एक सामान्य कर योग्य व्यक्ति के रूप में पंजीकृत करने की आवश्यकता है। पंजीकरण की इस प्रक्रिया को जीएसटी पंजीकरण कहा जाता है।GST SUVIDHA KENDRA
कुछ व्यवसायों के लिए, जीएसटी के तहत पंजीकरण अनिवार्य है। यदि संगठन इसे अनदेखा करता हुआ पाया जाता है और जीएसटी के तहत पंजीकृत किए बिना व्यापार जारी रखता है, तो उससे एक भारी शुल्क लिया जाएगा जैसा कि इसे एक अपराध माना जाता है।GST SUVIDHA KENDRA
जीएसटी के लिए किसे पंजीकरण करना चाहिए? पूर्व-जीएसटी कानून (यानी, उत्पाद शुल्क, वैट, सेवा कर आदि) के तहत पंजीकृत व्यक्तिGST SUVIDHA KENDRA
रुपये की सीमा से अधिक टर्नओवर वाले व्यवसाय। 20 लाख (पूर्वोत्तर राज्यों, जम्मू-कश्मीर, हिमाचल प्रदेश और उत्तराखंड के लिए 10 लाख रुपये)GST SUVIDHA KENDRA
आकस्मिक कर योग्य व्यक्ति / अनिवासी कर योग्य व्यक्ति
एक आपूर्तिकर्ता और इनपुट सेवा वितरक के एजेंट
रिवर्स चार्ज मैकेनिज्म के तहत टैक्स चुकाने वाले
✓ वह व्यक्ति जो ई-कॉमर्स एग्रीगेटर के माध्यम से आपूर्ति करता है
✓ हर ई-कॉमर्स एग्रीगेटर
एक भारतीय नागरिक को विदेश से ऑनलाइन सूचना और डेटाबेस एक्सेस या पुनर्प्राप्ति सेवाओं की आपूर्ति करने वाला व्यक्ति, जो अभी तक एक पंजीकृत कर योग्य व्यक्ति नहीं है।GST SUVIDHA KENDRA
मुझे एक वित्तीय वर्ष में जीएसटी के लिए कितने रिटर्न दाखिल करने की आवश्यकता है? जीएसटी के तहत रिटर्न दाखिल करना आपके व्यवसाय की प्रकृति और आपके द्वारा चुने गए पंजीकरण के प्रकार पर निर्भर करता है।GST SUVIDHA KENDRA
यदि आप जीएसटी के तहत सामान्य करदाता हैं, तो आप एक वित्तीय वर्ष में कुल सैंतीस रिटर्न दाखिल करने के लिए उत्तरदायी हैं। एक महीने में तीन रिटर्न और एक सालाना रिटर्न।GST SUVIDHA KENDRA
जीएसटी में व्यावहारिक रूप से केवल 12 मासिक रिटर्न और 1 वार्षिक रिटर्न दाखिल करने की आवश्यकता है।
जीएसटी के तहत पंजीकरण नहीं करने पर जुर्माना कुल देय राशि का 10% या न्यूनतम 10,000 रुपये का जुर्माना एक ऐसे अपराधी पर लगाया जाता है जो कर का भुगतान करने में विफल रहता है या जीएसटी मानदंडों के तहत कम भुगतान करता है। जुर्माना कर राशि के 100% तक पहुंच सकता है क्योंकि अपराधी ने जानबूझकर कर का भुगतान करने से परहेज किया है।
What is GSP ( GST Suvidha Provider ) ?
गुड्स एंड सर्विस टैक्स नेटवर्क जीएसटी की सभी आईटी बैकबोन इंफ्रास्ट्रक्चर आवश्यकता को पूरा करने के लिए एक नोडल एजेंसी के रूप में कार्य करने का हकदार है। जीएसपी जैसा जीएसटीएन पोर्टल देश भर के सभी करदाताओं के लिए जीएसटी – आईटी पारिस्थितिकी तंत्र के सामने होगा।
बहुप्रतीक्षित वस्तु एवं सेवा कर को सक्षम बनाने के लिए, GSTN ने GSTN के तहत GST सुविधा प्रदाता (GSP) बनने के लिए आवेदन आमंत्रित किया। GSTN को कुल 344 आवेदन प्राप्त हुए। और जिनमें से केवल 34 आवेदन चुने गए जिनमें ईवाई, डेलॉइट, टीसीएस और मास्टर्स इंडिया आदि शामिल हैं। अब, 5 इसमें से हैं और केवल 29 जीएसटी वेबसाइट के अनुसार शेष हैं।
कई कर भुगतान करने वाले संगठनों के लिए, जटिल संरचना के कारण सीधे G2B पोर्टल के माध्यम से GST रिटर्न दाखिल करना एक बहुत अच्छा विकल्प नहीं हो सकता है और इसमें कोई मूल्य वर्धित सेवाएं नहीं हो सकती हैं। ऐसी जटिलताओं को हल करने के लिए एक उद्यम तीसरे पक्ष के अनुप्रयोगों के माध्यम से समान/अतिरिक्त सुविधाओं तक पहुंच सकता है।
ये एप्लिकेशन बहुत उपयोगकर्ता के अनुकूल और ग्राहक केंद्रित होने जा रहे हैं, वे सीधे जीएसटी सिस्टम के सुरक्षित एपीआई के माध्यम से जीएसटी फाइलिंग सिस्टम से जुड़ेंगे, जो जीएसटी सुविधा प्रदाताओं के पास उपलब्ध हैं। ऐसे कर समाधानों के डेवलपर्स को सामान्य नाम दिए गए हैं: जीएसटी सुविधा प्रदाता (जीएसपी) और आवेदन सेवा प्रदाता (एएसपी)।
इस प्रकार जीएसपी और एएसपी की भारत में जीएसटी को लागू करने में महत्वपूर्ण भूमिका होगी। एक GSP G2B पोर्टल तक पहुँच प्रदान करने तक सीमित हो सकता है। जबकि एएसपी द्वारा प्रदान किया गया समर्थन बहुत आगे बढ़ेगा और भारत भर में करदाताओं और जीएसपी के बीच एक कड़ी के रूप में कार्य करके अधिकांश करदाताओं की अनुपालन कठिनाइयों का समाधान करेगा।
एएसपी मुख्य रूप से खरीद और बिक्री पर करदाताओं के कच्चे डेटा को प्राप्त करने और उन्हें जीएसटी रिटर्न में बदलने पर ध्यान केंद्रित करेंगे। ये जीएसटी रिटर्न, या जीएसटीआर, फिर जीएसपी के माध्यम से जीएसटीएन के साथ फाइलर की ओर से दाखिल किए जाएंगे।
यह उम्मीद की जाती है कि जीएसपी करदाताओं को उनके व्यक्तिगत व्यापार बहीखाता (बिक्री खाता बही और खरीद खाता बही) और अन्य मूल्य वर्धित सेवाओं को बनाए रखने के अलावा ऊपर उल्लिखित सभी सेवाएं प्रदान करेगा।
हम जानते हैं कि आप यह जानने के लिए उत्सुक हैं कि जीएसटी सुविधा केंद्र® की कमाई क्षमता कितनी है और जीएसटी सुविधा केंद्र® खोलकर आप कौन सी सभी सेवाएं प्रदान कर सकते हैं।
तो, कमीशन संरचना के साथ सेवाओं की सूची यहां संलग्न है
अब सवाल आता है कि आप हर महीने कितना कमा सकते हैं?
मान लीजिए, पहले महीने में एक नए जीएसके को 15 ग्राहक मिलते हैं। उन सभी को जीएसटी पंजीकरण की आवश्यकता है। आपको उनके अकाउंटिंग (40 लाख तक) के लिए 15 ग्राहक भी मिले और अंत में, आपको 15 ग्राहक मिले जो जीएसटी रिटर्न दाखिल करना चाहते हैं।
जीएसटी पंजीकरण केवल एक बार होता है। जीएसटी रिटर्न फाइलिंग एक मासिक प्रक्रिया है और लेखांकन फिर से एक मासिक प्रक्रिया है।
इसलिए, यदि आप हर महीने नए 15 क्लाइंट जोड़ते हैं, तो इसका मतलब है कि आपके GST रिटर्न क्लाइंट और अकाउंटिंग क्लाइंट हर महीने बढ़ रहे हैं।
दूसरे महीने में, आपको एक और नए 15 ग्राहक मिले, इसलिए, कुल मिलाकर अब आपको 15+15 = 30 ग्राहकों के लिए जीएसटी रिटर्न फाइलिंग और लेखा करना होगा।
यदि आप हर महीने इसी तरह से नए ग्राहक प्राप्त करने का प्रयास करते हैं, तो आपके पास एक वर्ष में 180 ग्राहक होंगे।
You can understand this by following table :
अब, हमें यह समझने की जरूरत है कि जीएसटी पंजीकरण केवल एक बार की प्रक्रिया है जिसका अर्थ है कि आप अपने ग्राहक से एक बार शुल्क ले सकते हैं। इसका मतलब है, आप हर महीने केवल 15 जीएसटी पंजीकरण ग्राहकों के लिए कमाई करेंगे। जीएसटी पंजीकरण हमारी 300 सेवाओं में से सिर्फ एक है।
लेकिन इनमें से प्रत्येक ग्राहक को जीएसटी रिटर्न दाखिल करना होता है जो महीने दर महीने की प्रक्रिया है। इसका मतलब है, अगर आप हर महीने 15 नए ग्राहक जोड़ते हैं, तो 1 साल के बाद आपके पास 180 ग्राहक होंगे जो आपके जीएसटी सुविधा केंद्र® के माध्यम से जीएसटी रिटर्न दाखिल करेंगे। जीएसटी वापसी हमारी 300 सेवाओं में से केवल एक है। GST रिटर्न फाइलिंग शुल्क 500 INR और आपका कमीशन 402 INR है।
साथ ही, आपको यह समझने की आवश्यकता है कि इन ग्राहकों को भी लेखा पैकेज की आवश्यकता होती है जो मासिक है। अब, न्यूनतम लेखा पैकेज (980 INR) पर विचार करें जो कि 20 लाख तक है, आपका कमीशन है: 490 INR। इसलिए, यदि आप उन सभी ग्राहकों के लिए लेखांकन करते हैं, तो इसका मतलब है कि आप 1 वर्ष के बाद इन 180 ग्राहकों के लिए लेखांकन करेंगे।
तो, आप हमारी 300 सेवाओं में से अपने ग्राहकों को केवल 2 प्रमुख सेवाएं प्रदान कर रहे हैं। आइए समझते हैं कमीशन स्ट्रक्चर :
तो, आप जीएसटी पंजीकरण के लिए देख सकते हैं, आपका कमीशन 900 रुपये है और जीएसटी फाइलिंग के लिए: 402 रुपये।
निम्न तालिका दर्शाती है कि आप हर महीने केवल 15 नए ग्राहक जोड़कर केवल जीएसटी पंजीकरण बेचकर कितना कमा सकते हैं।
Can you imagine a thing-the value of which has zero around 10 years back and today, its value has touched almost 50 Thousand USD ( 40 lakhs’)? Bitcoin I am talking about Bitcoin price, which has recently touched its all-time high price point. Due to this, it is being talked about in the market and the media again, So I thought this would be the right time to write an educational article on it, and explain to you what Bitcoin is what’s its history is?
What is Bitcoin? How to invest in Bitcoin ?
Can you imagine a thing-the value of which has zero around 10 years back and today, its value has touched almost 50 Thousand USD ( 40 lakhs’)?
Merely 12 years ago, on 31st October 2008, a person named Satoshi Nakamoto published a paper on the internet. Satoshi’s main motive was evident from the first line of the paper.” A version of electronic cash that would allow payments to be sent directly from one party t another party without going through a financial institution”.
Crypto-currency is a Digital asset over which central banks or financial institutions have no control or regulation, For instance, the US dollar is under control by the central bank of the US. The Indian Rupee is controlled by RBI, But there is no central bank or any main financial institution that controls the Bitcoin/Crypto-currencies. btc xrp
Back then, Crypto-currency was merely an idea in the mind of that person. But now, there is trading worth lakhs and crores on its crypto exchange, Just like shares are traded on the normal stocks markets. To understand the paper of Satoshi and the context of cryptocurrency, We will have to understand some concepts of our economic history.
Our financial systems are based on trust, The currency notes and coins have value in our society because they are guaranteed by the government and the central bank. Take a look at any note in your wallet. For example, a 200 hundred rupee note.
It reads- “I promise to pay the bearer a sum of 200 hundred rupees.” This is a promise made by the Governor of the Central Bank, that is, the Reserve Bank. There is his signature right below, This note holds no value without this promise/guarantee. This note will be reduced to an ordinary paper if it does not carry this signature. btc xrp
There is a small, but an interesting story in this context, After the Second World War, America became the most powerful country in the world and the rest of the countries had to align their currency with the US dollar And what was the US dollar aligned with/guaranteed by?
A reserve of gold. The actual value is that of gold or silver. But it is not practical to carry btc xrp gold or silver around in your pocket, The actual value is that of gold or silver. But it is not practical to carry gold or silver around in your pocket.
After that, the central banks of the rest of the countries could print their notes as per their wishes. But what do cryptocurrencies and Bitcoin have to do with this? btc xrp It helps you to guess how powerful the government and the banks- especially, the central banks of the country are as far as monetary policy is concerned.
The fact of the matter is that when you deposit your money in the banks, you give the banks permission to play with that money, in one sense,
Making use of these deposits, the banks give loans to companies and individuals, This is what fetches returns, that is, interest on the money that you have deposited, Very recently, we have seen that these banks use these savings and deposits in a very irresponsible manner,
It happens quite often that banks give loans to big industrialists without performing adequate checks and then these loans become bad debts/NPAs And who becomes the victim in such cases? Depositors like us. btc xrp
In the last 15 months, three deposit-taking institutions have failed- Yes Bank, PMC bank, and Laxmi Vilas bank, But even the decisions of the government can put the common man in danger, Do you remember November 2016? Demonetization!
The government laid to waste the 500 and 1000 notes in one single strike 86% of Indian currency became unusable, Those in favor of Bitcoins and cryptocurrencies are so because they do not want the government or the central banks. btc xrp to exercise so much control over their money or currency
Do you now understand the original idea/vision of Satoshi? Satoshi imagined Bitcoin as an alternate financial system, which would be based on software technology and would be outside the control of third parties.
You might be able to recall the Global Economic Meltdown of 2008, Mega investment bankers like the Lehman brothers had become bankrupt, Cryptocurrencies were born right after this scenario.btc xrp
Bitcoin was the first to arrive. And then many other cryptocurrencies surfaced- Ethereum, Litecoin, and Ripple. In fact, at the beginning of the year, more than 2000 cryptocurrencies were available on the internet btc xrp
How Cryptocurrency works?
Let us move on to the main point now: How does crypto- technology work? If truth be told, to understand this, one needs to know advanced mathematics and computer science- which I don’t have, But if you want to start investment or trading, then basic knowledge would suffice.btc xrp
Let us take the example of Bitcoins, There is one public account in digital form, of all the bitcoin transactions- this is called a ‘ledger’ A copy of this ledger exists on all the systems that are a part of the Bitcoin network. Those that run this system are called ‘Miners’ The job of the miners is to verify transactions.btc xrp btc xrp
Say, A has to transfer 2 Bitcoins to B’s account, Miners will have to confirm whether A does have 2 Bitcoins in his account or not, To complete the transaction, miners will have to solve a complicated mathematical equation You might have studied about variables back in school.
Every Bitcoin transaction has a unique variable. The job of the miners is to calculate it, It’s not that they sit with a pen or paper to solve the equations.btc xrp
All these calculations are carried out on the computers automatically because they are extremely complicated and their combinations run in crores which is why these miners require computers with very complex and high processing power.
Once the equation is solved, the other computers within the network confirm it and this transaction is added to the chain, A block of transactions gets created. And hence, the technology is called ‘block chain’ bitcoin newsbtc xrp
And what do miners get in exchange for this? They get the most valuable thing- Bitcoins! This system is called ‘Proof of work’ The miners have to prove the computation work they do to get awarded the Bitcoins in return,
If all this explanation went straight above your head like a bouncer, then do not worry! Because understanding the philosophy, vision, and future of crypto technology is far more important than understanding the working of crypto technology bitcoin usd btc xrp
Bitcoin as alternate currency
now comes the question of how to use cryptocurrency and Bitcoins. It is extremely important to understand that as well. Because on one hand, some people use Bitcoins as an investment while on the other hand, some people use cryptocurrency as an alternate currency
. A lot of people want to replace it with currency and use Bitcoins in place of rupees and dollars. But the main use of cryptocurrency at present is like an investment, We invest money in cryptocurrency hoping for a higher return in the future and hence get more money in return This, then becomes a “store of value”, just like Gold.btc xrp
How Crypto Currency Works
Just like we don’t use gold in our daily transactions but instead, buy it and store it in the bank lockers like a guarantee to get more returns in the future because the price of gold keeps rising gradually. People do the same with Bitcoins and this is why Bitcoins are also called “Digital Gold” But just like any other investment, this too entails risks. And those who criticize this as a form of investment say that. btc xrp
Bitcoin is a digital currency. It has no inherent value of its own For example, you can physically touch the gold in your hands. If you buy a house as an investment, it will be physically available to you Bitcoins, on the other hand, are not physical. Everything is happening on the computer It could still be referred to as a “niche product” that does not have widespread acceptance in society btc xrp
Cryptocurrency is not yet a medium of exchange, that is, you cannot go to the nearby shops and buy bread and eggs with Bitcoins But this trend might change in the future because there are several restaurants and hotels in the Western countries that have begun to accept Bitcoins as an alternative form of payment. btc xrp
Present day uses of Bitcoin
There is a technical challenge here that makes it difficult to use Bitcoins as a medium of daily transactions The Bitcoin transactions on the blockchain take time to get confirmed.
One block process takes around 10 minutes for the computers to calculate So, you can understand that it is not practical to wait for 10 minutes for a transaction to get completed in daily life But at the same time, there are some present-day use cases for Bitcoins where they work better than our traditional ways The best example of this is our Foreign Funds transfer.
When you have to transfer money from one country to another, the banks deduct a lump sum in the name of foreign transfer fees They charge a lot of fees btc xrp and take a lot of time to transfer money from one country to another.
Uses of Bitcoin
Bitcoins are more economical in this case. Bitcoins do not charge any transfer fees and ten minutes is a much lesser time as compared to the 1 to 2 days that the banks take A similar thing applies to the credit card fees Cryptocurrency can be more economical than credit card fees
This is why banks, credit card companies and remittance companies have been against the Cryptocurrencies and are so even today because Cryptocurrency can become a rival btc xrp to their business model.
In the last few months, especially due to the Covid pandemic, situations have changed. While several industries and mutual funds have been struggling, the value of Cryptocurrencies like Bitcoins and Ethereum has been on the rise From the 1st of March, until November 30,
the value of Bitcoin has risen more than 120%, that is, it has more than doubled in value btc xrp J P Morgan Bank used to be the biggest foe of Bitcoins. When Bitcoin was on a bull run in 2017, that is, when its price was rising exponentially, the CEO of JP Morgan had said that it was a fraud And now, just a few months ago, JP Morgan has opened corporate accounts for famous crypto exchanges like Coinbase and Gemini Trust.
So you can see how the doors that had earlier been shut for cryptocurrency have now been opening up An open-mindedness is being observed concerning btc xrp cryptocurrency in the general public and the financial industry Talking about India, a change of attitude has been observed this year in India as well
So you can see how the doors that had earlier been shut for cryptocurrency have now been opening up An open-mindedness is being observed concerning cryptocurrency in the general public and the financial industry Talking about India, a change of attitude btc xrp has been observed this year in India as well In April 2018, the RBI had frozen out the crypto industry from the banking system The RBI had instructed the banks via a circular to desist from dealing in crypto-related platforms or transactions
The mainstream media had claimed that RBI had placed a ban on cryptocurrency but it was technically inaccurate to say so Cryptocurrency had never been directly banned in India . btc xrp RBI had merely blocked the banking access of the crypto ecosystem The result of this was that the public could not deal in INR that is, in Indian Rupees on the crypto platforms The banks treated the crypto platforms with a lot of harshness With the platform accounts frozen, they were not able to pay their btc xrp employees or pay rent to their landlords.
Negatives of Btcoin
So, a question arises: Why did the RBI do this? The reality is that cryptocurrency has some negative points as well that are mainly related to money laundering and security
In the dark web on the internet, the people had started accepting payment in Bitcoins for buying weapons and drugs It became very difficult for the law enforcement agencies to track transactions because they were outside the traditional financial system Issues related to hacking also surfaced Another reason is that anyone can come up with their cryptocurrency. btc xrp
This is why, a lot of bogus and fraud companies took money from the public with a promise that once trading started in that particular currency, the value of their money would double/triple so they claimed that the money invested would double/triple-A person named Amit Bhardwaj came up with a similar fraud crypto scheme by the name of “Gain Bitcoin” There is an allegation of fraud of 2,000 crores against Bhardwaj Bhardwaj claimed that he had “mining farms” in China.btc xrp
Risk Of Investment In Bitcoin
That is a place where several computer servers were solving equations and said that the bitcoins that were earned as a result of mining operations would be given to the investors as returns But all his promises were hollow. He took money from a lot of people and fled India There were such allegations on him. Finally, in April 2018, he was arrested As per the latest update,
he is out on bail and the case is pending in the courts So, due to reasons like this, there was a negative bend of mind regarding cryptocurrency and bitcoins and in response, the RBI decided to impose a banking ban on crypto Crypto exchanges i.e., platforms, where you can invest in cryptocurrency and convert rupees into Bitcoins, had been operational in India since 2013 Some exchange founders decided to challenge the banking ban in courts.
It was not only a matter of their livelihood but also a matter of principles They got a chance to explain how the crypto technology and blockchain work to the government and the RBI They believed that the negative points about cryptocurrency are also valid on other asset classes as well There can be money laundering over property, fake notes can be printed, there can be money laundering there as well There are many fraud schemes that operate in a lot of other things.btc xrp
The software of banks or stock exchanges can also be hacked There are chances of that as well. So, the problems that exist with Bitcoins exist with other things as well In response to this, the reputed Indian platforms included a lot of safeguards. For example, KYC (know your customer) process was made mandatory during sign up The case reached the Supreme Court. Several famous senior lawyers refused to fight the case because there was a lot of negative news regarding cryptocurrency in the media
A lot of rumors were afloat as well There were adjournments. Some exchanges were not able to survive during this time and consequently, they had to wind up Finally, a three bench judge heard the case in January 2020 and the court accepted the stance of the exchanges and conceded that the ban of the RBI was “disproportionate” because RBI was not able to prove in the court that the crypto investments and trading had negatively hampered the financial systems or banks Under Article 19(1)(g) of the Indian Constitution,
it is the fundamental right of every citizen to indulge in any business/occupation or trade The court said that the banking ban imposed by the RBI was interfering with this fundamental right. This is a huge thing because it is no ordinary thing to defeat the RBI in court Therefore, it was a historic day on 4th March for the Indian crypto industry The court declared that there is no legal prohibition on cryptocurrency trading and investment This business is legal and the RBI would have to repeal its banking ban. bitcoin predictionbtc xrp
How to invest in Bitcoin
Overall, this is good news for all of us. We can freely invest in cryptocurrencies if we wish to We have this opportunity to diversify our financial investment You could invest some money in cryptocurrency as an experiment After the decision of the Supreme Court, several exchanges have burgeoned and this process has become extremely straightforward and easy in India
One of these is Coinswitch Kuber, an app on which you can deal in more than 100 cryptocurrencies More than 7 lakh users have signed up on Coinswitch Kuber within 6 months and their safety measures are also extremely stringent The Aadhar and PAN of the customers are verified and the minimum investment allowed is of 100 rupees- all without any fees Furthermore, rupee withdrawals are instant. That is, there are no problems with lock-ins. bitcoin mining
Coin Switch Kuber
These days, crypto investment has become as easy and painless as online food ordering This will become evident upon seeing the clutter-free user interface of Coinswitch Kuber Of course, you will have to follow some rules of common sense. For example, do not trade by taking loans from Banks or others.
If there is a need for you to take loans, to invest in cryptocurrencies or Bitcoins, do not do that. Then, this is not for you Only invest that much money that you are comfortable losing because this is an extremely risky investment The price of cryptocurrencies fluctuates a lot and it is extremely volatile. So, it is pretty clear that it is both an opportunity as well as a risk Your risk appetite and investment goals decide
whether you want to play a short term or a long term game Overall, it can be said that cryptocurrencies and Bitcoins could play an important role in the future of finance It remains to be seen whether cryptocurrency can become a medium of exchange that will be subject to widespread use or will it remain a store of value investment? btc xrp
Will you be able to buy bread and eggs from your nearby shops with Bitcoins in the future? or will it not be possible? That day might be very far but it cannot be ruled out as impossible that easily.
Phone Pe आपने Phonepe के बारे में तो जरुर सुना होगा।इसके कारण हम ऑनलाइन ट्रांजैक्शन कर सकते हैं जैसे कि रिचार्ज पैसे ट्रांसफर बिल भुगतान और कई लाखों कर सकते हैं पिछले कुछ सालों में कई नए पेमेंट एप आए हैं उसमें से एक फोन पर भी है पर बहुत सारे लोगों को Phonepe कैसे यूज करना है Phone Pe |
ल भुगतान और कई लाखों कर सकते हैं पिछले कुछ सालों में कई नए पेमेंट एप आए हैं Phonepe उसमें से एक फोन पर भी है पर बहुत सारे लोगों को फोन पर कैसे यूज करना है Phone Pe
दोस्तों आज हम आपको Phone Pe App के बारे में बताएंगे कि यह ऐप क्या है और यह कैसे काम करती है और इसको डाउनलोड कैसे करें?
आज के इंटरनेट के युग में ज्यादातर लोग नेट बैंकिंग का इस्तेमाल करते हैं फोन पर एप्लीकेशन भी नेट बैंकिंग का ही एक हिस्सा है इसकी मदद से हम ऑनलाइन फंड ट्रांसफर,बिल पेमेंट,मोबाइल रिचार्ज, डीटीएच रिचार्ज और हर तरह का ऑनलाइन Phonepe फंडिंग का काम कर सकते हैं फोन पे ऐप की तरह और भी बहुत सी एप्लीकेशंस आजकल मार्केट में मौजूद हैं जैसे पेटीएम, गूगल पे और फ्री रिचार्ज।
यह एप्लीकेशन ऐसे ही कार्य करती है जैसे गूगल पे और पेटीएम। यह बड़ी सुरक्षित एप्लीकेशंस है जिसके जरिए हम अपना फंड ट्रांसफर या बिलिंग पेमेंट बड़ी आसानी से कर सकते हैं।Phone Pe
दोस्तों यहां हम आपको Phone Pe App के बारे में पूरी जानकारी देंगे यह बहुत ही सुरक्षित ऑनलाइन बैंकिंग एप है इसको ने बनाया था उसके बाद यह मार्केट में आया इस ऐप की मदद से आप बहुत सारे ऑनलाइन काम घर बैठे ही कर सकते हैं इस फोन पर ऐप Phonepe की सहायता से आप घर पर ही बैठकर मोबाइल रिचार्ज डीटीएच रिचार्ज बिल जमा करना Phonepe
ऑनलाइन फंड ट्रांसफर, फंड रिसीव करना यह सारे कार्य कर सकते हैं आजकल डिजिटल पेमेंट बहुत ज्यादा सिक्योर हो गया है। फोन पे ऐप के जरिए आप बाजार से किसी भी तरह की खरीदारी कर सकते हैंPhone Pe
अब तो पेट्रोल पंप शॉपिंग मॉल मेडिकल स्टोर सभी जगह इस तरह से पेमेंट ली जाती है। Phonepe अब आपको आपने वैलेट में ज्यादा कैच रखने की जरूरत नहीं है बस आपका मोबाइल आपके साथ होना चाहिए वही आपका डिजिटल वैलेट है।Phone Pe
Features Of Phone Pay App
फोन पे ऐप पर आप बिना इंटरनेट के भी पैसे ट्रांसफर कर सकते हैं और इसके साथ-साथ आप प्रतिदिन 1 लाख तक का ट्रांजैक्शन कर सकते हैं।
फोन पर ऐप की सुविधा आपको बिल्कुल फ्री मिलती है किसी भी तरह का कोई चार्ज नहीं देना पड़ता।
ऑनलाइन शॉपिंग करने से आपको कैशबैक भी मिलता है।
वैसे तो मार्केट में बहुत सारे ऐप अवेलेबल है लेकिन यह ऐप बहुत तेजी से और बहुत कम समय में काम करता है।
फोन पे एप Phonepe आपके बैंक अकाउंट बैलेंस को चेक करने की सुविधा भी देता है।
फोन पे ऐप कई तरह के भाषा में उपलब्ध है अब आप अपनी सुविधा अनुसार किसी भी भाषा का चुनाव कर के इसका लाभ उठा सकते हैं।
एक बार डिटेल डालने के बाद इसमें डिटेल्स सेव हो जाती है जिसकी वजह से आपको बार-बार डिटेल देखने की आवश्यकता नहीं पड़ती।
इस ऐप को आगे शेयर कर आप पैसे भी कमा सकते हैं।Phone Pe
सभी बैंक अकाउंट की सुविधा उपलब्ध होती है जिसमें से 40 बैंक यूपीआई इनेबल है।
फोन पे ऐप कितना सिक्योर है;Phone Pe App Secure
Phonepe की सिक्योरिटी डबल है यानी एक तो आपका मोबाइल नंबर और दूसरी MPIN की सर्विस दी जाती है। जो इस ऐप को और भी बढ़िया बनाती है। यदि आपका आपका मोबाइल चोरी हो जाता है या आपका मोबाइल गुम हो जाता है तो भी आप का कुछ नुकसान नहीं होगा क्योंकि किसी भी पेमेंट को करने से पहले OTP कोड भरना होता है।
और दूसरा MPIN एन कोड होता है 4 अंको का यह कोड बैंक की तरफ से आपको मिलता है जैसे कि आप के एटीएम का पिन कोड होता है। बिल्कुल वैसे ही MPIN कोड होता है यह आपको इसके अंदर भरना होता है तो आप इसकी सिक्योरिटी के लिए मत डरिए आप इसका किसी भी तरह से इस्तेमाल कर सकते हैं यह बिल्कुल सेफ ऑनलाइन रिचार्ज ऐप है,
वह नहीं पता हम आमतौर पर सभी ऐप डाउनलोड करके उन्हें चेक करते हैं वर्ष 2016 में फोन पर लांच हुआ है फोन पर ऐप भारत में 10 करोड़ से भी ज्यादा लोग इस्तेमाल करते हैं इतना अच्छा यूजर बेस होने के कारण इसे 4 Phonepe पॉइंट 5 की रेटिंग है फोन पर के द्वारा हम दूसरे बैंकों में पैसे ट्रांसफर कर सकते हैं इसके अलावा हम किसी भी दुकान पर खरीदी करने के बाद पैसे ट्रांसफर कर सकते हैं और इलेक्ट्रिसिटी बिल वर्ष भर सकते हैं फोन पर होता है इस वजह से हम सातों दिन यूज कर सकते हैं;
;फोन पर डाउनलोड कैसे करें फोन पर डाउनलोड करने के लिए सबसे पहले हमें गूगल प्ले स्टोर प् एप्पल प्ले स्टोर Phonepe जाके फोन से सर्च करना है यदि आप नीचे दिए हुए लिंक पर क्लिक करेंगे तो डायरेक्ट डाउनलोड हो जाएगा |Phone Pe
उसके बाद हमें इनस्टॉल पर क्लिक करना है यहां आपका फोन पर डाउनलोड हो चुका है फोन पे पर अकाउंट कैसे बनाएं अगर आपका फोन पर डाउनलोड हो चुका है तो सबसे पहले इसे
ओपन करने के बाद रजिस्टर ना ऊपर क्लिक करें अब आपको छोटे सा फॉर्म सबमिट करके कंटीन्यूअस पर क्लिक करना है इस फॉर्म में हमें फोन नंबर हमारा पूरा नाम ईमेल एड्रेस और फोर डिजिट स्ट्रांग पासवर्ड क्रिएट करना चाहिए यह सभी इंफॉर्मेशन हमें इस फॉर्म में सबमिट करनी है उसके बाद कंटिन्यू पर क्लिक करना है
अपने जो भी फोन नंबर डाला है उस पर एक ओटीपी आएगा उस ओटीपी उस ओटीपी को इंटर करना है और नेक्स्ट पर क्लिक करना है और उसके बाद यहां आपको s लॉगइन हो जाएगा ऐscessfully phonepe पमें लॉगइन होने के
बाद हमें प्रोफाइल सेक्शन पर जाकर अपना यूपीआई आईडी सेट करना है प्रोफाइल फोटो पर क्लिक करने से हम हमारी Phone Pe प्रोफाइल फोटो सेलेक्ट कर सकते हैं क्या क्या फोन पर में कैसी होती है Online Banking Phone Pe
Phonepe पर Bank Account कैसे लिंक करें?
Phonepe होम स्क्रीन पर My Money ऑप्शन पर क्लिक करें।
यहाँ स्क्रीन पर Bank Account पर क्लिक करें।
क्लिक करते ही अगली स्क्रीन पर सबसे निचे दिए गए Add New Bank Account पर क्लिक करें।
अब यहाँ आपको अपना Bank सेलेक्ट करना है, और अपने SIM का चुनाव कर Continue बटन पर क्लिक करें। ध्यान रहे, Phonepe आपका जो नंबर Bank के साथ रजिस्टर्ड है उसी नंबर से Bank Account लिंक करें।
अगली स्क्रीन पर फ़ोन पे आपका Bank Account फेच करेगा वहां Continue बटन पर क्लिक करें
अगली स्क्रीन पर SET UPI PIN पर क्लिक करें।
यहाँ अपन;Debit cardके लास्ट 6 डिजिट एंटर करें, कार्ड की एक्सपायरी डेट डालें और Continue बटन पर क्लिक करें।
यहाँ आपके फ़ोन पर एक OTP आएगा, अगली स्क्रीन पर OTP एंटर करें, और अपना UPI PIN सेट करें और आगे बढ़ें।
यहाँ Phonepe के साथ आपका Bank Account सफलतापूर्वक लिंक हो गया।Online Banking
