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2021: Gautam Adani weekly wealth addition of Rs 6,000cr

2021 made Ahemdabad based businessman Gautam Adani the 12th richest man globally.  Presently, Mr. Adani’s Net worth is at $81 billion. After all, earning Rs 6000 crore every week makes Gautam Adani the wealthiest man in the world.  Moreover, 2021 took Gautam Adani’s wealth to another scale of nearly $50 billion.  Interestingly, Gautam Adani more […]

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Commodities & Currency Economic & Finance Stocks & Funds Uncategorized

India’s K-shaped recovery from Covid likely to persist

India’s economic K-shaped recovery from Covid is likely to persist. Large numbers of Indian homes not under SC/ST/OBC earn less than the EWS income cap.  India’s section of society belonging to the unreserved category with an annual family income of less than 8 lakh rupees falls under EWS.  On Jan 14, 2019, amending the constitution […]

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Commodities & Currency Economic & Finance Market Overview Stocks & Funds

Indian investors can now trade in US stocks via NSE IFSC

Indian investors can now trade in eight US stocks via NSE IFSC. This platform allows Indians to invest in US stocks at a low cost as an additional investment opportunity.  The eight US stocks trading on the exchange include Amazon, Tesla, Microsoft, and Alphabet.  March 3 marks a new chapter for the Indian stock market, […]

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Is a rise in auto sales and demand a sign of economic growth?

Automobile demand and production across personal mobility and goods movement is a sign of the country’s economic growth.  Mint explains some exciting trends and points out potential risks according to wholesale auto data for February.  February numbers for auto sales OEMs dispatched wholesale passenger cars in sustained volumes in February.  However, two-wheeler production saw a […]

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Ashneer Grover no longer associated with BharatPe as he grossly misuses BharatPe’s money

On Wednesday, BharatPe revealed that Ashneer Grover and his family grossly misused company money.  Ashneer Gover, and his wife Madhuri Jain and relatives, extensively misused BharatPe’s money to fund their lavish lifestyle.  Furthermore, BharatPe reserves all right to take further legal action against Ashneer and his family.  Ashneer Grover grossly misused BharatPe’s money BharatPe elaborated […]

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1% increase in household spending seen since February

In February, a 1% increase in household spending means the increase was for 54% of families across urban and rural India.  According to findings released on Tuesday of a monthly CSI survey by Axis My India, fewer families increased spending on discretionary items in February.  Pocket-sized increase in overall household spending A pocket-sized consumption increased […]

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Commodities & Currency Economic & Finance Laws & Taxes

₹1.33 trillion collected in GST revenue by the centre and state

In February, the centre and state govt collected ₹1.33 trillion in GST revenue. According to the ministry, this represents the recovery of automobile sales.  Revenue stayed above ₹1.3 trillion in the second consecutive month of February.  Furthermore, before the pandemic disrupted economic activities, GST receipts crossed ₹1.39 trillion in April 2021. Centre and state govt […]

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Equity gains in FY20 earned by revenues of ₹50 lakh or more

On Monday, Revenue Secretary Tarun Bajaj said, most of the long-term capital gains from equities in FY20 came from people earning ₹50 lakh and more.  Furthermore, he said the Finance Act of 2018 on long-term capital gain has served as a fair tax.  Long term capital gains from equities in FY20 Long-term equity gains are […]

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India’s economic recovery unrushed due to geopolitical crisis

India’s economic recovery remains unrushed due to the recent pandemic and Russian invasion.  As previously predicted, India’s economic recovery is growing slower due to last year’s Covid cases and rising commodity prices.  India’s economic recovery delayed According to the median estimate in a Bloomberg survey, GDP probably expanded 9.1% in the year to March 31.  […]

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Reasons why serious market investors should not deter

The world is in shock as Russia launches armed forces on Ukraine. Due to the recent crisis, Indian markets are witnessing a massive selloff.  However, despite the market on a rocky mountain, serious market investors should not deter.  Furthermore, Nitasha Shankar from Yes Securities says the constant movement of investments would likely result in excessive […]

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