Podcast appearances and mentions of rakesh jhunjhunwala

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Mohnish Pabrai's Session with YPO Delhi Chapter on July 9, 2024 (00:00:00) - Introduction (00:03:56) - Manhattan deal by American Indians in 1626; The Rule of 72 (00:08:45) - My daughter's introduction to compounding (00:11:04) - The Three pillars of compounding (00:13:11) - Berkshire's dozen truly great decisions (00:15:34) - See's Candies vs. Coca-Cola (00:19:38) - Rakesh Jhunjhunwala (00:22:43) - ROI on tech businesses (00:24:56) - Reysas (00:28:05) - Coke's global bottling businesses; Varun Beverages (00:33:36) - Growth vs ROCE (00:35:37) - Investing in index funds (00:36:41) - Be fearful when the world is greedy, be greedy when the world is fearful (00:43:31) - Investing in Coal (00:48:50) - Investing Lessons from Robert Caro (00:52:47) - Selling a stock (00:56:30) - Heinz, See's Candies & Coke The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

On Episode 302 of The Core Report, financial journalist Govindraj Ethiraj talks to Manisha Kapoor, CEO and Secretary General at the Advertising Standards Council of India (ASCI) as well as Captain Amit Singh, an active Airbus A320 pilot and also founder of Delhi-based Safety Matters Foundation.SHOW NOTES(00:00) Stories Of The Day(01:00) Markets sailing away, six more trading sessions(05:08) The man who predicted Dow hitting 40,000 in 2016 and India's own Rakesh Jhunjhunwala predicting Nifty at 100,000 in 2030(07:29) Betting apps, the new breed of misleading advertisements going for your wallet(16:01) Singapore Airlines Incident: Could Climate Change Increase Chances of Air Turbulence? An Active Pilot's ViewFor more of our coverage check out thecore.in--Support the Core Report--Join and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube

Check Out Odoo Here: https://www.odoo.com/r/7bXT Order His Book - The Biography of a Failed Venture (in English): https://amzn.in/d/9K6H5Ij Order 'Build, Don't Talk' (in English) here: ⁠⁠⁠⁠https://amzn.eu/d/eCfijRu⁠⁠⁠⁠ Order 'Build Don't Talk' (in Hindi) here:⁠⁠⁠⁠ https://amzn.eu/d/4wZISO0⁠⁠⁠⁠ Subscribe to Our Other YouTube Channels:- ⁠⁠⁠⁠https://www.youtube.com/@rajshamaniclips?⁠⁠⁠⁠ ⁠⁠⁠⁠https://www.youtube.com/@RajShamani.Shorts⁠⁠⁠⁠

This week's episode is an assortment of INSIGHTFUL INFORMATION about stocks in the banking sector, PayTM vs RBI & Rakesh Jhunjhunwala's strategies to becoming generationally wealthy as we welcome once again Deepak Shenoy, founder of CapitalMind, to the Neon Show!What Happened To PayTM?What Is The State of Banking Stocks & Sector in India!Is PM Modi Right About PSU Stocks?Are Startups Going IPO A Good Trend?All these juicy topics and more in this DETAILED conversation. A dive into the psyche of the man who manages over Rs. 1700 crore in the Indian markets… One of the rare times where the conversation never stops being informative & gripping. Tune in NOW!_________________________________________________________________Siddhartha Ahluwalia, Founder, Neon Fund & Host, The Neon ShowTwitter: https://twitter.com/siddharthaa7LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/Instagram: https://www.instagram.com/siddhartha_a/__________________________________________________________________*Sponsor Shout Out*Looking to build a differentiated tech startup with a 10X better solution? Prime is the high-conviction, high-support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies.To know more, visit https://primevp.in/!___________________________________________________________________CHAPTERS00:00 - Precap01:34 - Welcome Back Deepak Shenoy, CEO of CapitalMind!01:52 - What Happened To PayTM? Fintechs vs RBI11:21 - State of Banking Stocks & Sector in India!28:07 - Should You Buy A Banking Stock?34:23 - Is RBI Mis Selling Information?39:07 - Why Are Public Sector Banks Doing So Well?40:10 - Indian Banks' Bad Lending History!45:07 - ArcelorMittal DRAMA Decoded!52:20 - What Was The Problem With Yes Bank?58:13 - Is PM Modi Right About PSU Stocks?1:08:00 - Is The Indian Stock Market Currently Overvalued?1:11:41 - Are Micro Cap Companies The Best Bet Right Now?1:15:57 - Are Startups Going IPO A Good Trend?1:31:03 - Are Jio Financials A Good Stock To Invest in?1:33:06 - Top 3 Active Stocks In India!1:39:57 - “The Market Goes Up When You Sleep!”1:41:11 - Should Financial Advisors Be Held Accountable?1:48:51 - Is Buying Large Caps The Safe Option?1:50:18 - Rakesh Jhunjhunwala's Strategies1:55:52

The late Rakesh Jhunjhunwala was known was for his eccentric personality and his utmost belief in Titan. #karthikreddy #CaratLane #TATA

Diamonds are forever. But in 2008, they also went online. In our first ever video episode of the Blume Podcast, which happens to the last episode of Season 2, Karthik Reddy sat down with Mithun Sacheti, the CEO of CaratLane who spilled some gems on the glitzy yet laborious world of being a D2C jewellery brand. In a traditionally ‘low-trust' society like India, Mithun and his team went from his early days selling jewellery with the family-owned Jaipur Gems to becoming an indispensable part of the Titan group. The journey has is fair share of ups and downs, including a riveting conversation with Rakesh Jhunjhunwala, the topsy-turvy process of raising capital, and solving for trust through brand-building. You can find Transcripts on Blume's official website - https://blume.vc/podcasts/blume-podcast

Dive into the dynamic world of investing with the FIRE Mastery Podcast, where we explore the evolution from relying on exclusive information to mastering behavioural finance for investment success. Join us as we dissect the transformation of the Indian stock market and decode the significance of behaviour over data. Learn from historical examples like Harshad Mehta's informational play to Rakesh Jhunjhunwala's behavioral prowess. Discover practical tips to develop a behavioural edge, from self-awareness to continuous learning. Whether you're a seasoned investor or new to the stock market, this episode will equip you with the insights to navigate the financial landscape with confidence. Tune in for a blend of history, psychology, and actionable strategies to elevate your investing game.

The story of a diamond in the rough to dizzying valuations and a glittering exit - The Journey of CaratLane. In this podcast, ET's Samidha Sharma has a candid conversation with CaratLane founder Mithun Sacheti as he reveals the twists and turns in finding funding, almost missing Tiger Global, getting Tatas to the table, and the tough talk with guru Rakesh Jhunjhunwala. You don't want to miss it! If you like these corner office chats, check out other interesting conversations with Emaar Property's Mohamed Alabbar, IT Minister Ashwini Vaishnaw, Sam Altman, CEO, OpenAI and more! You can follow Samidha Sharma on social media: Twitter and Linkedin You can follow our host Anupriya Nair on her social media Twitter & Linkedin Catch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts. See omnystudio.com/listener for privacy information.

Das Buch zum Podcast? JETZT BESTELLEN. Lieber als Newsletter? Geht auch. Palo Alto Networks leitet die Zahlen-Woche ein. Ansonsten gibt's nur Gossip. Über die Zerspaltung von Continental, die Hyundai-Übernahme von Hapag-Lloyd und die Macht der südkoreanischen Giga-Konzerne. Holz kann man verkaufen. Mit Holz kann man aber auch CO2 speichern. Und das ist die Zukunft vom größten Waldbesitzer der USA aka Weyerhaeuser (WKN: 854357). Niemand kennt ihn, der Giga-Juwelier Titan (WKN: A1JCFD) liebte ihn. Rakesh Jhunjhunwala war der vermutlich beste Investor in der Geschichte Indiens. Diesen Podcast vom 22.08.2023, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung. Learn more about your ad choices. Visit megaphone.fm/adchoices

What if aging wasn't inevitable, but a curable disease? With Prashant Desai, a seasoned entrepreneur, and biohacker, we venture into the captivating domain of longevity and health span. Prashant, who lost his father and brother at a young age, has transformed his personal tragedy into a pursuit of extending not just life, but the quality of life itself. By understanding the role of longevity genes and the latest advancements in longevity science, we explore how we can slow down, prevent, and even cure aging. Life, Prashant believes, isn't just about adding years to your existence but enhancing the quality of those years. We delve into the significance of good sleep, diet, exercise, purpose, and relationships – the five pillars of a healthier, longer life. He also shares his experience with bankruptcy, a testament to his resilience and determination that is as relevant to our financial health as it is to our physical and emotional well-being. We then turn our attention to the influential business leaders who've made an impact on Prashant's life – Rakesh Jhunjhunwala and Kishore Biyani. Their lessons on optimism, thinking big, and being a generalist provide valuable insights whether you're an entrepreneur or simply seeking to improve your life. Join us on this journey of discovering the secrets to a longer, healthier life. You never know, you might just find the keys to your own longevity escape velocity.Connect with Prashant Desai:  Website | LinkedIn | BookDo not miss to check out our new website and share your love https://inspiresomeonetoday.in/Do stay tuned for new episodes every alternate Friday. Next episode - July 21‘23. Available on all podcast platforms, including, Google Podcasts, Apple Podcasts, YouTube, Spotify

The author Neil Borate is a chartered accountant and a financial journalist with over 20 years of experience in the industry. He has written several books on investing, including "The Little Book of Investing" and "The Smart Investor's Guide to the Stock Market". The book "Big Bull of Dalal Street: Rakesh Jhunjhunwala" is a biography of Rakesh Jhunjhunwala, one of India's most successful investors. The book chronicles Jhunjhunwala's life and career, from his early days as a stockbroker to his current status as a billionaire investor. The book also discusses Jhunjhunwala's investment philosophy and his approach to the stock market. The book is a must-read for anyone interested in investing or in learning more about Rakesh Jhunjhunwala. It is a well-written and informative book that provides a fascinating glimpse into the life of one of India's most successful investors. Join this channel to get access to perks:https://www.youtube.com/channel/UCfBfBd-1kvCOPxVll8tBJ9Q/join

Order my first book 'Build, Don't Talk' here: https://amzn.eu/d/eCfijRu--------------Subscribe To Our Other YouTube Channels:-https://www.youtube.com/@rajshamaniclipshttps://www.youtube.com/@RajShamani.Shorts---------------This episode of 'Figuring Out with Raj Shamani' delves into Jimeet Modi's profound insights into the financial world. Jimeet Modi began investing in capital markets when he was 14 years old.  Jimeet is a chartered accountant with an All India Rank of 9 who founded SAMCO Securities in 2015 to help small investors navigate the stock market.Find out how Jimeet achieved his first significant success with Kingfisher stocks and learn helpful advice for achieving similar successes. Jimeet and Raj also shed light on the strategies to play a bigger game beyond index growth. Raj and Jimeet use sports analogies to describe the market's nuances and share red flags to watch out for when selecting a fund manager. They also look at the strategies successful investors like Warren Buffet used to amass their wealth, discuss Rakesh Jhunjhunwala's unwavering belief in India's potential, and wait for an insightful discussion on whether to invest in the stock market or stick with the good Old Real Estate.Take advantage of this chance to learn important lessons about the stock market, and stay to the very end.--------------------Jimeet Modi's Social Handles:LinkedIn: https://www.linkedin.com/in/jimeetmodi Twitter: https://twitter.com/jimeetm Facebook: https://www.facebook.com/jimeet.modi?mibextid=ZbWKwL Instagram: https://instagram.com/jimeetmodi?igshid=YmMyMTA2M2Y=------------------

Mohnish Pabrai's Interview at the Investor's Podcast on April 25, 2023 (00:00:00) - Introduction (00:00:54) - Poor Charlie's Almanack; handling biases (00:02:55) - Investing in Turkey (00:06:12) - Circle the wagons (00:08:54) - Nifty 50 in 1970's (00:11:51) - Rakesh Jhunjhunwala (00:13:57) - Naspers (00:19:09) - Shinoken; share buybacks (00:24:08) - How has my investing changed over the years (00:26:07) - Stock based compensation (00:29:17) - Constellation: Mark Leonard (00:36:43) - Handling investment mistakes (00:40:32) - The importance of truth (00:45:55) - Being open to discuss finances

Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023 (00:00:00) - Introduction (00:02:22) - Buffett's 2022 Shareholder Letter  (00:03:25) - Berkshire's dozen truly great decisions  (00:07:16) - Naspers; Tencent  (00:12:14) - Rakesh Jhunjhunwala; Titan  (00:14:56) - Nick Sleep; Amazon  (00:18:39) - Ben Graham; Geico  (00:20:20) - Walmart vs. Nifty 50  (00:23:37) - Buffett's Coke investment  (00:26:35) - Chuck Akre's Three-legged stool  (00:29:51) - Compounding is the 8th wonder of the world  (00:33:47) - Silicon Valley Bank  (00:36:37) - Reysas  (00:38:38) - Identifying great businesses  (00:44:02) - Investing in Turkey  (00:47:06) - Seritage  (00:48:29) - Start specializing at the age of 11  (00:50:39) - Circle of competence  (00:52:37) - Ajit Jain  (00:57:18) - Index Investing

Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023 |  (00:00:00) - Introduction (00:01:00) - My childhood (00:12:52) - My journey towards investing (00:24:03) - Starting Pabrai Funds during the dot-com bubble (00:26:56) - IPSCO (00:30:33) - 2009 financial crisis (00:32:46) - The Fiat Chrysler Investment in 2012 (00:35:07) - Meeting Michael Burry in 2008 (00:38:47) - COVID-19 pandemic (00:44:32) - Satyam Computers & Blue Dart (00:53:08) - Rakesh Jhunjhunwala (00:54:34) - Anomaly-based investing (00:56:20) - Reysas (01:00:32) - Varun Beverages and Coca-Cola Icecek (01:05:08) - When to sell a stock? (01:08:35) - Equities vs other asset classes (01:13:21) - PeopleSoft (01:18:00) - Teaching kids about money (01:24:05) - Reading advice (01:28:32) - Dakshana Foundation (01:35:16) - Compounding is the 8th wonder of the world 

Mohnish Pabrai's Talk and Q&A session with students at the University of Texas on February 28, 2023   (00:00:00) - Introduction (00:02:01) - Buffett's 2022 Letter to Shareholders (00:04:29) - Berkshire's Twelve great decisions (00:09:16) - Rakesh Jhunjhunwala (00:13:27) - Chuck Akre's three-legged stool (00:16:19) - Wally Park at LAX (00:18:35) - My investing journey (00:22:55) - Macroeconomic factors (00:27:04) - Investing in Turkey (00:30:27) - Reysas (00:40:14) - TAV Airports (00:44:02) - When to sell? (00:46:04) - Investing in the US (00:50:13) - Start specializing at age 11 (00:57:08) - Berkshire's Oil Investments (00:58:44) - Buffett's Oxy Bet (01:04:26) - Fiat Chrysler (01:12:31) - Ferrari: Sold too soon! (01:15:05) - The Dakshana Foundation   The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

Mohnish Pabrai's Chat with students at the Rotman School of Management on March 03, 2023   (00:00:00) - Introduction (00:03:53) - Lunch with Warren (00:08:49) - Buffett's 2022 Shareholder Letter (00:17:02) - “Circle the Wagons” approach to investing (00:19:28) - The Nifty Fifty in 1970s (00:22:08) - Rakesh Jhunjhunwala (00:24:55) - How to “Circle the Wagons” (00:31:05) - Finding a great business (00:33:17) - IBM (00:38:54) - Li Lu (00:47:04) - Moutai (00:50:44) - Evaluating management (00:53:33) - Coca-Cola (00:56:02) - Reysas (01:01:50) - Circle of competence (01:03:41) - John Arrillaga (01:06:30) - Satyam Computers (01:10:27) - Investing in China

In this episode, find out about Tech Mahindra's new CEO Mohit Joshi, also find out about Rakesh Jhunjhunwala backed Nazara Tech's subsidiaries' exposures to SVB Business Term of the Day: Held to Maturity

In this episode, Mint's Maulik speaks with Ravi Dharamshi, Founder and CIO, ValueQuest Investment Advisors, a SEBI-registered portfolio management company - on how me manages his personal finances. Tune in!

In this episode, we talk with Mithun Sacheti, the founder of CaratLane, who has disrupted the traditional jewellery industry in India by leveraging technology and innovation. He started CaratLane in 2008 with the vision to provide access to beautiful jewellery designs at an affordable price. Mithun Sacheti comes from a Marwari family and joined the family jewellery business, Jaipur Gems, after graduation. He started its stores in Chennai. Later, he founded CaratLane in 2008 after being inspired by the online jewellery retailer, Blue Nile. CaratLane aims to solve the problem of limited access to beautiful and affordable jewellery designs for the middle class in India.The conversation dives into his entrepreneurial journey, his insights on the Indian D2C startup ecosystem, and the challenges he faced along the way. Mithun recalls the struggles he had in convincing Bluedart to be their shipping partner and how it took them almost a year and a crore to build their website. Tune in now to know Mithun's journey of building CaratLane from scratch, his belief that in life, the harder thing is not to find answers but to find the right questions and what are the next questions for him in life.  Notes - 00:00 - Highlights of the conversation01:45 - The idea & Need of CaratLane01:55 - Disrupting the underserved jewellery market in India03:19 - The first one to bring jewellery at low prices03:33 - The designs should be democratised 03:55 - Becoming the Market Maker 04:04 - The reality of the Jewellery Market in India06:08 - Why 25% of your wealth should be in form of gold?06:47 - The effect of the Ukraine War on the purchase of gold07:05 - Quitting family business to start Caratlane08:30 - Life of kids born in families running big businesses08:58 - Inspiration behind starting Caratlane10:36 - First few pivots in their product journey13:38 - Initial phase of building and growing Caratlane17:57 - Raising funding & building for Titan21:57 - Journey after Tiger Global's funding24:12 - Getting advice from Raamdeo Agrawal at Rakesh Jhunjhunwala's dinner31:48 - Why do people really buy jewellery?39:13 - Tata group being able to marry the Entrepreneur to the business post-acquisition43:03 - Learnings while working with Tata46:15 - What are the next questions in life for him?Also, try out a 30-day free trial of Zoho Payroll, and simplify your Payroll journey as an entrepreneur! https://zoho.to/zoho-payroll

Mohnish Pabrai's session with EO Gurgaon on January 10, 2023 (00:00:00) - Introduction (00:04:15) - I'm a better investor because I'm a businessman. I'm a better businessman because I'm an investor (00:05:00) - Capitalism is creative destruction (00:08:40) - Earnings reinvestment framework (00:10:58) - The importance of Spawning (00:13:07) - Control is over-rated (00:16:50) - From entrepreneur to investor (00:33:30) - Patel Motel Dhandho (00:40:42) - Book: Roy Thomson of Fleet Street; Trilogy (00:41:33) - Reysas (00:50:18) - Investment Shortcuts; cloning (00:52:35) - IIFL Wealth Management; Kotak (00:54:01) - The S&P 500 is a great choice (00:57:54) - Rakesh Jhunjhunwala (00:59:35) - Poor Charlie's Almanack (01:07:39) - Mohnish's Owners Manual by Jack Skeen (JackSkeen.com)

Last fortnight, DMart reported ₹11.3K Cr of quarterly revenue, clocking a 25% YoY growth, putting it on track for ~₹40K Cr of annual revenue. Radhakishan Damani was a stock trader in Dalal Street. In the 80s, he was head-to-head with Harshad Mehta. Mr D lost big with Apollo Tyres - his first encounter with Harshad. But Damani is not a man to accept defeat easily. Damani learnt the art of trading under Manu Manek - the cobra of D-Street. By the turn of the century, Damani was doing significantly well for himself as a trader. He had won the battle against Harshad, been a value investor alongside Rakesh Jhunjhunwala, and an early predictor of HDFC Bank's supreme success. Yet, he felt anxious to start a business that brought value to Indian consumers for every rupee they spent. D-Mart was born, with its first store in Powai. Since then, it took eight years to grow to 10 stores, but only 5 years for the next 50 stores. It IPOed in 2017, and thereafter never touched the offer price again. With strong unit economics, focus on frugality and high customer satisfaction, will DMart continue being the blue-eyed boy of Dalal Street? Read full article here: https://ajuniorvc.com/dmart-ipo-story...

Mohnish Pabrai's Speaker Event with Helvetian Investment Club at St. Gallen University on November 29, 2022 (00:00:00) - Introduction (00:01:19) - Satyam Computer Services (00:07:45) - Asymmetry mental model (00:16:15) - Thou shall not have an investing team (00:18:31) - Asymmetry mental model Part 2 (00:20:20) - Equities vs. other asset classes (00:23:15) - Asymmetry mental model Part 3 (00:32:26) - Power vs. Force (00:35:36) - Present education system (00:39:05) - Rakesh Jhunjhunwala's journey (00:41:08) - Jack Nicholson: "You can't handle the truth" (00:41:53) - Walton Family & their Walmart ownership (00:42:24) - Amazon (00:43:09) - Crisil (00:47:22) - Career advice in investing (00:51:17) - Don't try to learn too much from your mistakes  

In a recent Q&A session, super investor Mohnish Pabrai shared the story of the investing career of Rakesh Jhunjhunwala, one of India's best investors of all time, who recently died. In this episode, I share what Mohnish said, and distill it down to 4 important points about how Rakesh invested to great success. Timestamps: 00:10 Who is Rakesh Jhunjhunwala? 02:27 First important point 03:02 Second important point 03:35 Rakesh's biggest compounder 04:40 Third important point 05:16 Fourth important point 05:55 Rakesh's other compounders 06:30 The holy grail of investing Related video: Mohnish Pabrai: “The best way to invest is…” https://youtu.be/lxl2bIS1o6c Finding future multibagger stocks like Starbucks (SBUX), with Mohnish Pabrai https://youtu.be/3bAEnKtDI60 Mohnish Pabrai interview referenced in the episode: Mohnish Pabrai's Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 https://youtu.be/wz8N5CkTA2w Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. --- Send in a voice message: https://anchor.fm/theartofvalue/message

In a recent Q&A session, super investor Mohnish Pabrai shared the story of the investing career of Rakesh Jhunjhunwala, one of India's best investors of all time, who recently died. In this episode, I share what Mohnish said, and distill it down to 4 important points about how Rakesh invested to great success. Timestamps: 00:10 Who is Rakesh Jhunjhunwala? 02:27 First important point 03:02 Second important point 03:35 Rakesh's biggest compounder 04:40 Third important point 05:16 Fourth important point 05:55 Rakesh's other compounders 06:30 The holy grail of investing Related video: Mohnish Pabrai: “The best way to invest is…” https://youtu.be/lxl2bIS1o6c Finding future multibagger stocks like Starbucks (SBUX), with Mohnish Pabrai https://youtu.be/3bAEnKtDI60 Mohnish Pabrai interview referenced in the episode: Mohnish Pabrai's Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 https://youtu.be/wz8N5CkTA2w Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. --- Send in a voice message: https://anchor.fm/theartofvalue/message

Talking return on equity, stock buybacks, and 100 baggers.Accounting equation - https://www.investopedia.com/terms/a/accounting-equation.aspReturn on equity - https://www.investopedia.com/terms/r/returnonequity.aspMohnish Pabrai's Talk with The CFA Society of Mexico - https://youtu.be/MYR0tWgstMIMohnish Pabrai talks Rakesh Jhunjhunwala and uber cannibals - https://youtu.be/wz8N5CkTA2wChuck Akre on trying to solve the investment puzzle - https://youtu.be/O38I7QIc_eQTwitter - https://twitter.com/afterinvestorThe Future Is FreelanceThis show is for freelancers, sole traders, solopreneurs, digital nomads, consultants,...Listen on: Apple Podcasts Spotify Master Your Mindset With Coach MarcDevelop the leadership mindset, skills + confidence to make a bigger impact in less time!Listen on: Apple Podcasts Spotify Spilling Realtyhilarious real-life stories from the field, top industry guests & pop culture #TeaTimeListen on: Apple Podcasts Spotify

Mint's Abhinav Kaul talked to Pankaj Murarka, founder and chief investment officer of Renaissance Investment Managers, about his financial journey, how he started Renaissance, and his experience of working with investment guru, the late Rakesh Jhunjhunwala.

Mohnish Pabrai's Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 (00:00:00) - Introduction (00:01:58) - Rakesh Jhunjhunwala (00:06:33) - Uber Cannibals (00:17:33) - Multibaggers (00:23:54) - Key Traits of Value Investors (00:29:27) - Great Businesses vs. Great Investments (00:36:05) - Valuing a business (00:47:52) - Handling Losses (00:53:42) - When to Sell a Stock? (01:00:23) - Investing in China  

In our journeys to be good investors we come across many super investors. We read about them, we watch their interviews and often aspire to make decisions like them. It is nearly impossible to ape someone and have the exact same outcomes in life as the masters have had. However, it is always beneficial to keep learning from the masters as the impact they will have in shaping up our mindset and inculcating good habits in our life is irreplaceable. Recently we lost one such gem, Mr. Rakesh Jhunjhunwala, The Big Bull of Indian Stock Market. His style and aura is known to all who have ever even stepped a foot in Stock Markets in India. We take a look at Top 5 Multibagger Learnings we could gather from his speeches, interviews and interactions over the years. We learn about his framework for investing and some of the traits about his nature and character that helped him ace the markets for such a long time and achieve a mind boggling 52.7% CAGR returns on his portfolio over the years (better CAGR returns than Warren Buffett).

It's a Think Fast after a slow long weekend but an equally hectic week gone by. So today, the episode was a long introduction segment of multiple interesting stories. Hosts Varun & Suchita begin with Varun (finally) turning 40 and his serene Birthday Bash by the Pool. Further, they talk about the demise of ace investor Rakesh Jhunjhunwala and his esteemed portfolio, Threads on LinkedIn about Indians returning from abroad, WeWork's Adam Neumann's latest venture- Flow, Salman Rushdie's stabbing, and thoughts on Indian Matchmaking season 2. They then deep dive into talking about Amazon acquiring Rhoomba, Peloton & Soul Cycle laying off employees, HBO India hiring a team here but then being unsure about carrying on, and Snapchat crushing its subscription service. Continuing the long introduction, they also talk about Crypto firms being accused of Money Laundering, Man using Tinder to find a sister and avoid Rakshabandhan FOMO, Brand integrations in films with reference to the recent example of Netflix's film 'Darlings', and IMDb vandalism. Refer to the Quartz article about Snapchat as mentioned by Suchita.This time they re-recommend:Suchita: The Bear (On Hulu)Varun: Everything Is Out Of SyllabusVarun & Suchita also answer a few listener questions on the show. Do share yours on the below-mentioned handles.You can follow Varun Duggirala on Twitter at: https://twitter.com/varunduggi and on Instagram at https://instagram.com/varunduggiYou can follow Suchita Salwan on Twitter at https://twitter.com/suchitasalwan and on Instagram at https://instagram.com/suchitasalwanCheck out video episodes on the Think Fast YouTube Channel.Find the show across audio streaming apps:Spotify | Apple Podcasts | Google Podcasts | JioSaavn | Gaana | Amazon MusicDo follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android or iOS.

Shares of Rakesh Jhujhunwala and his wife Rekha Jhunjhunwala-owned companies traded mixed on the BSE on Tuesday in an otherwise a firm market.  Rakesh Jhunjhunwala, one of India's richest stock market investors, died at the age of 62 on Sunday in Mumbai, following a cardiac arrest. Among his holdings, the market price of Aptech slipped 6% intra-day, but ended flat on the BSE. Others like Star Health and Allied Insurance Company added around half a per cent, while Wockhardt lost 2%.  Titan Company, the top holding in Jhujhunwala's portfolio, settled 0.8% higher at 2,494 rupees per share, after hitting an intra-day low of 2,434 rupees.  Rakesh Jhujhunwala and Rekha Jhunjhunwala collectively held 5.05 per cent stake in the Tata Group Company. However, Tata Motors, Tata Motors DVR, Orient Cement and DB Realty gained in the range of 0.5% to 4% on the BSE. In comparison, the S&P BSE Sensex settled 0.6% higher. Rakesh Jhujhunwala and his wife Rekha Jhunjhunwala held over 1 per cent stake in these companies till the end of the June quarter. According to analysts, the impact of the development will be short-lived on these stocks. Ambareesh Baliga, Independent Market Analyst says, short-term sentimental impact on the related stocks. Many market players knew about Rakesh's health. RARE Enterprises is a professionally run firm. Look at the fundamentals of each company before taking the investment call, says Baliga.  AK Prabhakar of IDBI Capital, too, believes that the decision to stay with these stocks should be based purely on how each of these companies is performing fundamentally. “The stocks can see a knee-jerk reaction and can bounce back. Investors will be better off basing their decision on the fundamentals of these companies rather than getting carried away,” says AK Prabhakar, Head of Research, IDBI Capital.  On Wednesday, the markets will await minutes of the US Federal Reserve's minutes of the July meeting. Besides, the Euro zone's Q2 GDP data will also be released today. Back home, stock-specific action will continue to guide investors. 

Post pandemic, the private sector stepped up hiring, absorbing a bulk of skilled workforce. The IT sector took the lead in this, while others were not far behind. But what about the public sector giants? Are they matching up to India Inc. in giving opportunities to youngsters? Let us find out But, there is a hope. Prime Minister Narendra Modi has announced to fill 1 million vacancies across various ministries and departments in the next 18 months. Moving on, PM Modi recently slammed the “culture” of distributing ‘revadis' or freebies-- triggering a nationwide debate around it. Parties riding to power on the promise of freebies is not new. In our next report, we wade into this debate Let us move on to markets now. It was a mixed session for the stocks owned by the investor Rakesh Jhunjhunwala, who passed away Sunday morning. With his insights no longer guiding investors, is it time for you to exit these stocks following the development? Or are there enough reasons to stay put? Analysts answer these questions in our next report. Staying with the markets, a depositary receipt is a financial instrument that allows people to invest in the shares of foreign companies. In this episode of the podcast, we tell about the different kinds of depositary receipts. 

Rakesh Jhunjhunwala created an ecosystem where investors (both domestic and foreign) have learnt to trust and lend to Indian companies and entrepreneurs. That is his lasting legacy.

Prime Minister Narendra Modi has urged citizens to focus on five resolutions to make India a developed nation in the next 25 years. It was the key highlight of the PM's speech which he gave from the ramparts of the Red Fort on the 76th Independence Day on Monday. So, how will the country and its economy have to perform to achieve this ambitious goal by 2047?  He had a penchant for risk-taking, and carried an air of optimism around him. He was a living embodiment of calmness in a volatile market. Prime Minister Narendra Modi led the nation in paying tribute to ace investor Rakesh Jhunjhunwala-- who died at the age of 62 on Sunday. We have a glimpse of the ace investor's journey.   A widely-shared video of Jhunjhunwala says a lot about his indomitable spirit. Bound to a wheelchair and suffering from a serious ailment, Jhunjhunwala couldn't stop himself when someone tuned in famous Bollywood item number Kajrare. He almost leapt out of the chair while dancing. His sudden death has left the entire investor community in a state of shock. Let us now move on to India Inc's struggle with inflation. Companies hiked prices to cushion their margin. But it hit the volumes, especially in the rural markets. With the commodity prices cooling off, will the upcoming quarters be better for India Inc.? Or will global growth risks keep the ride bumpy?  The Reserve Bank of India (RBI) recently disallowed the use of Letters of Comfort (LoC), which may impact loans worth Rs 35,000 crore. So what is this letter of comfort? Find out in our next episode of the podcast.   

The Big Bull of Dalal Street, India's Warren Buffett, Man with the Midas Touch, the Eternal India Optimist, King of the Stock Market – the legendary investor Rakesh Jhunjhunwala carried many nicknames. His death on Sunday at 62, prompted an outburst of tributes from businesspersons, politicians and investors big and small who followed his insights and stock bets. Jhunjhunwala's investing career started in 1985 with 5,000 rupees of borrowed money. At the time of his death, his net worth is estimated at $5.8 billion or 46,000 crore rupees. His first big profit came from the 5,000 shares of Tata Tea he bought in 1986. In three months, Jhunjhunwala tripled his money. There was no looking back after that.    In the late 1980s, the qualified chartered accountant made a leveraged bet on iron ore exporter Sesa Goa which brought him his first crores. He bought the stock at 25-26 rupees and sold the holding in tranches, riding the stock till it reached 2,200 rupees. His investment in Tata Power also paid off at the time.  Jhunjhunwa's affinity for Tata group stocks continued. In fact, Tata's Titan Company made him the most wealth. He first purchased the jewellery and watch maker's shares in 2002.  His other stock holdings from Tata group were Tata Motors, Indian Hotels Company and Tata Communications. He also multiplied his investments several times in stocks such as Lupin and CRISIL.  His biggest holding at the time of death remained Titan, accounting for over Rs 11,000 crore or one-third of disclosed portfolio value.  Although famous for his bets in listed stocks, Jhunjhunwala did not shy away from taking bigger risks through private market investments He reaped a windfall when three of his portfolio companies, Nazara Technologies, Metro Brands and Star Health and Allied Insurance, hit the public markets last year.  A Business Standard analysis showed that 76% of the value of Jhunjhunwala's disclosed portfolio emerged in the last seven years after he turned 55 and the biggest gains came in the past two years. The value of his disclosed portfolio rose from 8,431 crore rupees in March 2020 to 30,652 crore rupees in August 2022.  Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Financial Services says, he was an ‘economic philosopher', liked making predictions. Jhunjhunwala was a terrific bargain picker and he always tried to help his friends, be it with money or guidance, says Agrawal.  Rakesh Jhunjhunwala was astute not just as an investor who picked stocks for long-term holding but as a trader too. In 2018, he said he made a lot of money by shorting stocks and one of his biggest fortunes came from short selling in 1992 when the Harshad Mehta scam roiled the markets.  Rakesh Jhunjhunwala had his misses too in stocks, like Dewan Housing Finance Corporation, DB Realty and Mandhana Retail While some of his private investments paid off handsomely, In March last year, he acknowledged that half of his 20 private equity investments by then had turned out to be duds. His last bet was Akasa Air, in which he held a 40% stake. Motilal Oswal's Agarawal described this bet as the ultimate bargain, as Jhunjhunwala made the most of the discounts offered by the aircraft manufacturer.    Jhunjhunwala made his last public appearance at the inaugural flight of Akasa, on August 7th.  Among India's notable philanthropists, Jhunjhunwala's faith in the India story and bullish commentary on the economy and markets was visible till the very end.  Such was his infectious optimism for India that Jhunjhunwala told a business news channel six days before his death, that regardless of global developments, Indian markets will grow, but at a slower pace. According to him, India was entering a golden age.

Episode 1930: With 786730 views on Sunday, 14 August 2022 our article of the day is Rakesh Jhunjhunwala.

Wherever I go, I see Tri-Color - (0:13) Population impact on India - (4:25) Dalit kid beaten to death by teacher - (10:30) Ace investor Rakesh Jhunjhunwala passes away - (12:15) 12k china phone ban story explained - (15:15) | Check comments section in that reels : https://www.instagram.com/reel/ChAnKMttCqF/?hl=en Telecom Minister fixes target for BSNL - (26:16) Maximum Governance, Minimum Government - (28:56) Good news for businesses, but not for people - (33:00) Soft Bank CEO to portfolio companies: Varata maame durrr - (39:55) UK Real GDP at 1% - (45:21) Adani's 57k crore invest in Orissa might create 9300 jobs - (46:31) JP Morgan hiring 5000 jobs in India - (48:46) Pharma will be a 400 billion industry in 2047 - (50:20) Organic products are in demand in US & EU - (52:18) India ranks 7th in Digital Currency ownership - (55:16) Sundar Pichai & Mark Zuckerberg complains about employees - (56:27) Non - AI Jobs - (57:12) Self-promote yourself to get high paying job offers - (59:35) Johnson & Johnson powder - 38k cancer lawsuits - (1:02:19) . Cat and Robo join together to discuss marketing insights and business news from August 8 to 14 in this 108th episode of Note Panra Series --- Send in a voice message: https://anchor.fm/mba-meme-school/message

Morse code transcription: vvv vvv Western Wall Several injured in Jerusalem shooting California governor announces aggressive 8 billion plan to boost water supply It had nothing to do with Sunni or Shiite faith Muslim community members speak on the killings... Australia Gunman arrested after Canberra airport shooting Trumps secrets How a records dispute led the FBI to search Mar a Lago Water boil advisory issued by Great Lakes Water Authority for 935,000 people after water main break Accused Salman Rushdie Attacker Charged With Attempted Murder, Assault Idaho Supreme Court Rules That Strict Abortion Ban Can Take Effect Rakesh Jhunjhunwala, Indias Warren Buffett, dies at 62 Oder river Mystery surrounds thousands of fish deaths 1 dead, 17 injured after car crashes into crowd at fundraiser for fire victims Saudi Aramco Oil giant tops own record with 48.4bn quarterly profit Salman Rushdie off ventilator and able to talk Ukraine war Zelensky warns Russian soldiers at Zaporizhzhia nuclear plant We are waiting for rain, for winter, for God Fighting a megafire in France Race results for Hawaiis next Governor, Lt. Governor Kenya elections 2022 Raila Odinga and William Ruto in tight presidential race Ukraine targets Russian soldiers threatening Europes largest nuclear power plant Tijuana rocked by wave of violent crime Taliban fire shots to stop Afghan womens protest

Morse code transcription: vvv vvv Idaho Supreme Court Rules That Strict Abortion Ban Can Take Effect 1 dead, 17 injured after car crashes into crowd at fundraiser for fire victims Ukraine war Zelensky warns Russian soldiers at Zaporizhzhia nuclear plant Salman Rushdie off ventilator and able to talk Saudi Aramco Oil giant tops own record with 48.4bn quarterly profit Oder river Mystery surrounds thousands of fish deaths Rakesh Jhunjhunwala, Indias Warren Buffett, dies at 62 Ukraine targets Russian soldiers threatening Europes largest nuclear power plant Taliban fire shots to stop Afghan womens protest Trumps secrets How a records dispute led the FBI to search Mar a Lago California governor announces aggressive 8 billion plan to boost water supply Water boil advisory issued by Great Lakes Water Authority for 935,000 people after water main break Tijuana rocked by wave of violent crime Accused Salman Rushdie Attacker Charged With Attempted Murder, Assault Western Wall Several injured in Jerusalem shooting Kenya elections 2022 Raila Odinga and William Ruto in tight presidential race We are waiting for rain, for winter, for God Fighting a megafire in France Australia Gunman arrested after Canberra airport shooting It had nothing to do with Sunni or Shiite faith Muslim community members speak on the killings... Race results for Hawaiis next Governor, Lt. Governor

Morse code transcription: vvv vvv It had nothing to do with Sunni or Shiite faith Muslim community members speak on the killings... Saudi Aramco Oil giant tops own record with 48.4bn quarterly profit Ukraine targets Russian soldiers threatening Europes largest nuclear power plant Idaho Supreme Court Rules That Strict Abortion Ban Can Take Effect California governor announces aggressive 8 billion plan to boost water supply Oder river Mystery surrounds thousands of fish deaths Tijuana rocked by wave of violent crime Kenya elections 2022 Raila Odinga and William Ruto in tight presidential race Race results for Hawaiis next Governor, Lt. Governor 1 dead, 17 injured after car crashes into crowd at fundraiser for fire victims Salman Rushdie off ventilator and able to talk Western Wall Several injured in Jerusalem shooting We are waiting for rain, for winter, for God Fighting a megafire in France Australia Gunman arrested after Canberra airport shooting Water boil advisory issued by Great Lakes Water Authority for 935,000 people after water main break Ukraine war Zelensky warns Russian soldiers at Zaporizhzhia nuclear plant Taliban fire shots to stop Afghan womens protest Accused Salman Rushdie Attacker Charged With Attempted Murder, Assault Rakesh Jhunjhunwala, Indias Warren Buffett, dies at 62 Trumps secrets How a records dispute led the FBI to search Mar a Lago

Suhel Seth remembers his dear friend, Rakesh Jhunjhunwala. Do watch and know about one of the most brilliant investors in India. #SuhelSeth #RakeshJhunjhunwala #TheBigBull

The Bharatvaarta Weekly is our reaction to the news headlines of the week that was. This week we spoke about Rakesh Jhunjhunwala's legacy, the upcoming Independence day celebrations, the Salman Rushdie incident, and the political drama in Bihar. If you liked this episode, then don't forget to subscribe to our channel and share this content. You can stay updated with everything at Bharatvaarta by following us on social media: we're @bharatvaarta on Twitter, facebook.com/bharatvaarta.in on Facebook, and @bharatvaarta on Instagram).

Rakesh Jhunjhunwala, ace stock investor, passed away on Sunday morning. Known as the Big Bull of Dala Street, Jhunjhunwala was never afraid to take risks. There is a good number of retail investors who diligently follow Jhunjhunwala's portfolio. His work continues to inspire the stock market and beyond. --- Send in a voice message: https://anchor.fm/business-line/message

Hello, this is your daily dose of news from Onmanorama. Tune in to get updated about the major news stories of the day.

We hope that you are in Good HealthIn this episode we talked about the life of Big Bull of India, Rakesh Jhunjhunwala, how he started from ₹5000 and now worth more than ₹26000 crores. we also talked about an insider trading controversy.Buy Book based on Rakesh Jhunjhunwala and his investment strategies: https://amzn.to/3IoI0u5PLEASE CONSIDER SUBSCRIBING US ON YOUTUBE https://www.youtube.com/billionairemindsetpodcastRate our Podcast :-Apple Podcast: https://podcasts.apple.com/in/podcast/billionaire-mindset/id1493386466Spotify: https://open.spotify.com/show/5RJvlyPY3wvRwt6L3CzGas?si=2cdecfabb1f14799Email: billionairemindsetpodcast@gmail.comOther platforms: linktr.ee/billionairemindsetBook on Investing:INTELLIGENT INVESTOR: https://amzn.to/3sm390oRICH DAD, POOR DAD: https://amzn.to/3GwjmoTTHE PSYCHOLOGY OF MONEY: https://amzn.to/3uBXsOmTHE WARREN BUFFETT WAY: https://amzn.to/3J9AWjUCOFFEE CAN INVESTING: https://amzn.to/37v15wLSubscribe the Podcast If you haven't already.Lots of love

In this episode of Why Not Mint Money, Mint's Namrata Patel talks to Salonee Sanghvi, My Wealth Guide about her personal financial journey, working with Rakesh Jhunjhunwala, and investing in market dips.

In this episode, host Srijan talks about the investing rules of leaders of the investment market - Warren Buffett, Rakesh Jhunjhunwala & others. How these simple rules can help you build a strong portfolio, tune in to know more!

Waiting in the wings since April 2019 -- when it was grounded due to a financial crisis -- Jet Airways has been looking to hit the skies for long now. The new owners, British firm Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan, have time and again asserted that Jet Airways 2.0  will take off in the beginning of this year. But will everything go as planned? The company has recently seen a slew of resignations. This week, Sudhir Gaur, its accountable manager and acting chief executive de-boarded the company. Gaur was heading the operations team and was involved in key negotiations for airport slots. The airline's finance head and head of management information systems had quit two weeks ago.  We reached out to Jet Airways for their stance on the recent developments, but didn't receive a response by the time of publishing of this video. While Gaur's replacement has been found in head of training and standards in Nepal Airlines, PP Singh, there are several other tasks to complete before Jet Airways 2.0 can take off.  The Kalrock-Jalan consortium is yet to finalise its fleet plans. Jet Airways 2.0 is understood to have a fleet of 11 aircraft, including Boeing 777, 737 and Airbus A330, on its books now. The two company owners had said that the airline would commence domestic operations with six narrow body aircrafts in 2022. And also that the airline plans to have a fleet of 100-plus aircraft. Meanwhile, Rakesh Jhunjhunwala-backed Akasa Air has already ordered 72 Boeing 737 Max aircrafts.  The consortium had even approached the National Company Law Tribunal or NCLT, asking it to declare December 22, 2021 as the “effective date” for an immediate implementation of the revival plan. However, the NCLT refused the plea and asked the consortium to expedite its efforts to revive the airline.  A banker privy to the matter told Business Standard on condition of anonymity that lenders have become jittery as the Jalan-Kalrock consortium has not brought in any funds or completed any process to restart the airline. But a person involved in the revival plan claimed that all stakeholders were working towards the revival and denied that there was any disagreement between the consortium and the lenders. To get a better understanding of the challenges facing Jet Airways, we spoke to Mark D Martin, CEO of Martin Consulting, an aviation consulting and safety firm based in Asia. As the expert pointed out, given the challenges it is facing right now, it seems unlikely that the refurbished Jet Airways will be able to start operations by Q2 2022. A more mature and structured timeline needs to be defined for the airline's takeoff. Even so, with the spate of senior-level exits dogging the company, recreating Jet's uniqueness in service quality will be a major challenge.  Watch video

On the last day of 2021, we take a brief summary of three personalities and a company which stood apart from the rest. They were the torchbearers of hope in an otherwise grim year. We start with Phalguni Nayar, a former investment banker who took an entrepreneurial plunge at the age of 50 with her beauty start-up Nykaa. This year, she became India's wealthiest self-made woman after her blockbuster IPO debut. Then, of course, “prince of vaccine” Adar Poonawalla. The owner of the world's largest vaccine making company Serum Institute of India (SII), who helped us fight Covid-19. He is followed by ace investor Rakesh Jhunjhunwala. And the company of the year is Tata group, whose bold move to acquire ailing Air India revealed its sound financial health.  From the newsmakers who defied pandemic, let us see how this year was for the markets. It has been a rollercoaster ride for the Indian equity markets that navigated multiple headwinds and yet notched up smart gains in calendar year 2021. As we draw curtains to the year, the big question on investors' minds is whether the bull-run will continue in 2022. Here is a quick check on how the indices performed in 2021 and which stocks made you money in the year gone by.  Investors are hopefull that the stocks will continue their upward momentum in the next year too. 2022 may well hold answers to many of our curious questions too, which popped up this year. Will Metaverse, Web 3.0, Blockchain and NFT change everything as promised by expanding our virtual universe? Or they are just hype. Let us find out more about these terms which became tech buzzwords of 2021 and more in this episode of the podcast. Watch video

Top headlines   Sensex ends 612 pts higher; RIL, L&T and Bharti Airtel shine Metro Brands makes a tepid debut with 13% discount ZEE falls 5% after inking merger pact with Sony Pictures, trims losses later RateGain Travel Technologies surges 28% in two sessions, hits new high CMS Info Systems IPO subscribed 65% on day 2   The bulls were in control on Dalal Street today as key benchmark indices remained in the positive zone throughout the session. The BSE benchmark index hit an intra-day high of 56,989, led by strong gains in index heavyweights Reliance Industries, Bharti Airtel and financial stocks. By close, the Sensex stood 612 points higher at 56,931. With this, the index has gained over 1,100 points in two trading sessions.   The NSE Nifty climbed to a high of 16,971, before eventually ending with a gain of 184 points at 16,955.   Reliance Industries surged 2.4 per cent and accounted for more than a quarter for Sensex gains today. According to Edelweiss Alternative Research, RIL's weight on the Sensex and Nifty is likely to rise from December 29 and December 30, respectively, after a rebalancing of weighting. The total cumulative inflows for RIL are expected to be $245 million.   Bharti Airtel, Larsen & Toubro and Tata Steel were the other major gainers. They closed between 2 and 2.7 per cent higher. Gains in the financial shares were led by Bajaj Finance, IndusInd Bank and ICICI Bank.   The stock of the day was Zee Entertainment, which ended almost flat after recouping losses made earlier in the day. The stock fell up to 5% on the back of profit booking after the company said it had entered into a definitive agreement with Sony Pictures to complete its proposed merger. Technical charts suggest the stock has the potential to surge as much as 35%.   ITC, Nestle, and Wipro were among the few Sensex losers.   The broader markets, on the other hand, ended with significant gains. The BSE Midcap and Smallcap indices were up around 1.5 per cent each. The overall market breadth was extremely positive, with over 2,400 advancing shares against 907 declining stocks on the BSE.   Among individual stocks, the shares of India Cements surged 9% on the BSE after billionaire investor Radhakishan S Damani, Gopikishan Shivkishan Damani & family increased their stake in the company to 22.76 per cent. Since March 30, 2020, they have acquired an additional 2.03 per cent stake in the company through open-market purchases.   That apart, shares of recently listed RateGain Travel Technologies rallied 10 per cent in intra-day trade to hit a new high at Rs 402, extending its previous day's 9 per cent surge on the National Stock Exchange. The stock today bounced back 28 per cent from its Monday's low. On December 17, Goldman Sachs Funds had bought 0.7 million equity shares of the company through bulk deal on the NSE.   Electronic components maker Hind Rectifiers also hit a 52-week high of Rs 244.35, surging 13 per cent on the BSE. The stock has zoomed 35 per cent in the past three trading days, and 47 per cent in the past month.   Further, Rakesh Jhunjhunwala-backed Metro Brands had a muted debut on the bourses. It was listed with a 13 per cent discount on the BSE at Rs 436, against its issue price of Rs 500 per share. The stock, however, ended at Rs 493, down 1 per cent against the issue price.   Lastly, in the primary market, the initial public offering of CMS Info Systems remained sluggish on the second day of bidding. It was subscribed only 65% as at 4:30 pm. The retail portion, however, was fully subscribed.

Top headlines • Benchmarks end lower for a second day; Sensex slips 166 pts, Nifty holds 17,300 • NBFCs to come under the ambit of PCA framework from Oct 2022 • Shriram Transport Finance slumps 7% as analysts see limited near-term synergy after merger • Anand Rathi Wealth debuts at 9% premium • WPI-based inflation hits 12-year high of 14.2% in Nov • Data Patterns IPO sails through on first day Investors chose to stay on the sidelines for a second straight day on Tuesday as major central banks meet this week to assess risks from the new Omicron variant of coronavirus. The global balancing act will begin later today when the US Federal Reserve convenes its latest two-day meeting, and includes new monetary policy statements by the US central bank on Wednesday. Meanwhile, the European Central Bank and the Bank of England will meet on Thursday, and the Bank of Japan on Friday. That apart, studies that the Omicron variant has the potential to drive a further wave of infections, including among those already vaccinated, soured sentiment on the Street. Back home, India's annual wholesale price index-based inflation in November accelerated to 14.23 per cent, its highest level since April 2005, boosted by increase in manufacturing and food prices, fuelling concerns of rising inflationary pressure. All these triggers drove bulls away from the Street, taking benchmarks down by 0.3 per cent today. The BSE Sensex slipped 166 points to end at 58,117, while the Nifty50 closed 43 points lower at 17,325. In the intra-day deals, the BSE benchmark oscillated over 500 points and the Nifty swung 150 points. ITC, down nearly 3 per cent, was the top drag on the Sensex today after the company held its first ever analysts' meet. Among the notable announcements, ITC informed investors that it was redefining its portfolio, accelerating FMCG exports, considering digital as an area of investment, and was fuelling growth in hotel business. Bajaj Finance, Kotak Bank, Bharti Airtel, RIL, and Bajaj Finserv were some of the other top laggards. On the upside, Power Grid, Nestle India, Axis Bank, and Dr Reddy's Labs were the outperforming counters on the Sensex. In the broader markets, the BSE MidCap slipped 0.4 per cent, while the BSE Smallcap ended with minor gains. Among individual stocks, Anand Rathi Wealth listed at Rs 602.05, a 9 per cent premium over its issue price of Rs 550 per share, on the BSE. After listing, the stock moved higher to Rs 615 but pared gains to end at Rs 583.5, up 6 per cent over the issue price. The shares of Shriram Transport Finance plunged 7 per cent intra-day, to Rs 1,371 on the BSE, as most analysts saw limited near-term upside for the company after its proposed merger with Shriram Capital and Shriram City Union Finance. This was on the back of limited scope for synergies, given the varied nature of operating business segments and underlying customer base, analysts said. The shares of Lupin, meanwhile, surged 10 per cent to Rs 972.50 in intra-day trade after the drug-maker announced that it had received the Establishment Inspection Report from United States Food and Drug Administration (US FDA) for its Goa manufacturing facility. The shares ended 6.6 per cent higher on the BSE. Among sectors, the Nifty Pharma index rallied 1 per cent, while the Nifty Realty and Financial Services indices slipped 0.7 per cent each. The Financials services sector, however, will be in focus tomorrow as the RBI has decided to bring NBFCs under its Prompt Corrective Action Framework from Oct 1, 2022. Now, let's recap primary market activity. The initial public offering of Data Patterns sailed through on the very first day and stood with 2.5 times subscription as at 3:30 PM. Further, the IPO of MedPlus Health has been subscribed 1.3 times so far on strong demand from retail investors and employees of the company. Lastly, the public issue of Rakesh Jhunjhunwala-backed Metro Brands ha

Benchmark indices snapped their 3-day winning run and ended lower on Friday as investors await inflation data in India and the US. Although fag-end buying in banking counters lifted benchmarks off lows. Domestic retail inflation and wholesale inflation print for November are expected to be released on Monday. In the US, November retail inflation print, which is expected to hit a 40-year high of over 6 per cent, will be released later today. Against this backdrop, global shares, including India, traded on a cautious note. Japan's Nikkei and South Korea's Kospi slipped 1 per cent and 0.6 per cent, respectively, while the UK's FTSE 100 dipped 0.2 per cent in early trading.  Back home, the S&P BSE Sensex closed at 58,787 levels, down 20 points. The index had hit a low of 58,415 earlier today. On the NSE, the Nifty50 closed at 17,511 level, down 5 points. Asian Paints, SBI, M&M, TCS, Bajaj Finserv, and ITC were the top Sensex gainers. On the flipside, Titan, HDFC, Axis Bank, Kotak Bank, and HCL Tech were the top laggards.  In the broader markets, the BSE MidCap and SmallCap added 0.4 per cent and 0.8 per cent, respectively. Among notable buzzing stocks from the space, shares of Indian Energy Exchange moved higher by 13 per cent to Rs 304.05 on the BSE intra-day trade ahead of listing of bonus shares. The stock traded higher for the fourth straight day, having rallied 21 per cent during the period.  Besides, shares of Network18 Media & Entertainment hit an over 11-year high of Rs 102.75 after they rallied 9 per cent on the BSE amid heavy volumes. The stock of the Reliance Group advertising & media company has surged 42 per cent over the past 4 days and hit its highest level since August 2011. Among sectors, the Nifty PSU Bank index ended 2.6 per cent higher amid reports that the government is looking to list Banking Amendment Bill in the current Parliament session once it receives Cabinet approval. The amendment bill will likely propose to reduce government stake below 50 per cent. Defensive bets such as IT, Pharma, and FMCG were the only indices in the red.  Moving on to the primary markets. The Rs 600-crore IPO of Shriram Properties has been subscribed over 3.5 times as at 3:30 PM on the final day of the issue. The portion reserved for retail investors has garnered over 12x bids on offer while the portions of QIB and employees have been subscribed 110 per cent.  Secondly, MapmyIndia IPO has been subscribed over 4 times so far on the second day of the issue. The offer will close for subscription on Monday. Lastly, Rakesh Jhunjhunwala-backed Metro Brands' IPO has been subscribed by about 23 per cent so far on the maiden day of the issue. 

India's third largest telecom player, Vodafone Idea, has been in the news for quite some time now, for all the right reasons. Starting from the government's relief package in September to tariff hikes in November, the debt-laden telco seems to be getting its act together. Now, according to a Business Standard report, the company has managed to raise funds for interest payment to its bondholders due on December 13. Reacting to the report, shares of the company zoomed 16.5 per cent intra-day to hit a fresh 52-week high of Rs 16.6 per share. This was also the share's highest level since May 2019. So, do these developments signal at a change of fate for Vodafone Idea? Not really, feel analysts. According to Balaji Subramanian, telecom sector expert at IIFL Securities, the tariff hike would offer a welcome relief for Vi. But, it is just the first step in the right direction. The company still has a long way to go before it becomes competitive. Remember, Vi has the lowest ARPU – or average revenue per user -- among telecom companies. That apart, Vodafone Idea's market share loss has continued in the first half of fiscal 2021-22, though the pace of market share loss has moderated. Given this, Tarun Lakhotia and Hemang Khanna of Kotak Institutional Equities believe VIL may find it difficult to reverse the loss of subscribers as it is expected to remain behind Bharti Airtel and Reliance Jio on pan-India network coverage and capabilities (4G/5G) as well as service offerings. From an investment viewpoint, AK Prabhakar, head of research at IDBI Capital, prefers Bharti Airtel over Vodafone Idea as the latter has been continuously losing customers and the tariff hike, he believes, will likely benefit rival firms more. That said, for short-term traders, Vi's stock offers a great opportunity. The stock has recently broken out on tech charts, and has crossed the 200-weekly moving average, placed at Rs 15.10, for the first time since February 2016. With this, it is all set to rally towards Rs 21 levels, gaining almost 28 per cent in the short-term, from current levels. The immediate support levels are at Rs 12 and then at Rs 10. Overall, since the moratorium on spectrum and adjusted gross revenue-related dues are just supports and not the primary source of income, the company must look at augmenting its revenue stream. Now, coming to Friday's session, primary market action will keep investors busy today. To begin with, this week's fourth IPO – that of Metro Brands – will open for subscription today, and will close on December 14. The Rakesh Jhunjhunwala-backed Indian footwear speciality retailer aims to raise up to Rs 1,367.5 crore. The price band of the initial share sale has been fixed at Rs 485-500 per share. That apart, the IPO of MapmyIndia will enter its second day today and has been subscribed over 1.5 times so far. The third active IPO for today is that of Shriram Properties, which has been subscribed over little over 100 per cent so far. The issue will close for subscription today. In the secondary market, investors will track news flow around the Omicron coronavirus variant, global cues, industrial production data and retail inflation data. Besides, Star Health and Allied Insurance will debut on the bourses today. India's largest private health insurer cut the size of its initial public offering to approximately Rs 6,400 crore from Rs 7,249 crore earlier after a subdued response to the IPO last week. Watch video

After Paytm, Star Health Insurance failed to shine upon listing on the bourses. This is despite the hype around the Rakesh Jhunjhunwala-backed company being the first standalone health insurer to go public. Host Bhavya Dilipkumar speaks to CA Pranav Goyal, Managing Partner at ValueMonks Solutions LLP as well as Kumar Saurabh, Founder, Scientific Investing and ET's Sanam Mirchandani to see if the company is in the pink of health. Credits: CNBC TV-18, India Today

The frontline Sensex has bounced back nearly 1,400 points in two days, staging recovery from one of the worst bear drubbings in months.  On Thursday, the index ended at 58,461 levels, up 776 points on the BSE, lifted by healthy buying in HDFC twins, RIL, and IT stocks.  The NSE Nifty, on the other hand, is back above the 17,400-mark. Meanwhile, in the primary market, ace investor Rakesh Jhunjhunwala-backed Star Health and Allied Insurance's initial public offer closed with 79% subscription (till 6:30 pm). Among IPOs of more than Rs 5,000-crore plus, Star Health has seen one of the weakest response.   According to AK Prabhakar, who is head of research at IDBI Capital, Star Health failed to attract investor interest as the valuation seemed rich and left nothing much on the table for investors.   The IPO came at a time when fears of the Omicron Covid variant started. This, he says, may have made investors wary of investing in an insurance-related play.   That said, the IPOs of Anand Rathi Wealth and Tega Industries received healthy investor response and have already been fully subscribed.   So, will this recovery in the secondary market gain momentum going ahead? Let's find out.   Despite a 3.8 per cent fall in November, the BSE Sensex stands tall with a 19.5 per cent gain at the start of December, 2021. Over the past 11 months, market participants have negotiated many headwinds successfully such as rampant spread of a second Covid wave, boiling crude oil prices, inflationary pressures and fears of policy tightening and withdrawal of government stimulus.   Nonetheless, markets did witness minor corrections as and when these headwinds emerged along the way.   “Since the current bull-run started from the bottom in March 2020, Indian equities have paused five times (Apr'20, Aug'20, Oct'20, Feb'21 and now since Oct'21) for brief corrections before resuming the subsequent up move” Data compiled by Vinod Karki of ICICI Securities shows that in the past 18 months, the markets paused for correction five times, with the latest one starting in October 2021. However, the recovery on the bourses was swift every time, with benchmarks hitting fresh highs. So, should we expect resumption of uptrend this December?  Historically, the Sensex has delivered a positive return in five out of 10 occasions in the past 10 years, that is, since 2011. These returns ranged between 0.4 per cent and 8.2 per cent, data shows.   While developments on the Omicron variant would be key for this month's market trajectory analysts at Credit Suisse say factors like corporate earnings, interest rate decisions by the US Fed and RBI and the rupee's trajectory could determine the market trend going ahead. The brokerage further observes that earnings will be the key driver of equity returns in 2022, and investors should expect high single-digit equity returns next calendar year compared to double-digit returns in 2021. For Vinod Karki of ICICI Securities, the current phase of correction is another such pause or consolidation before the next surge begins. On Friday, global cues, FII activity, outcome of OPEC+ meeting, Services PMI data and initial public offers of Tega Industries and Anand Rathi Wealth will guide investor sentiment. < br /> Watch Video

Top headlines • Benchmark indices change course to end in red; Sensex drops 196 points • Go Fashion makes stellar stock market debut, lists at 91% premium • Star Health IPO receives lukewarm response; subscribed around 11% on Day 1 • RBI likely to raise rates and tighten monetary policy, says Goldman Sachs • Crypto Bill to be introduced in Parliament after Cabinet's approval Market bulls failed to keep the indices afloat on the bourses on Tuesday after a statement by Moderna chief on vaccines' likely ineffectiveness jolted investor confidence. Although health authorities have said it will take several weeks to fully gauge how Omicron's more than 30 mutations will affect its response to existing vaccines, Moderna CEO Stephane Bancel told the Financial Times that he expected vaccines to be less effective against the new coronavirus strain. Reacting to the development, shares in Asia-Pacific fell during Tuesday's trade. South Korea's Kospi fell 2.4 per cent, while Hong Kong's Hang Seng and Japan's Nikkei slipped 1.9 per cent and 1.6 per cent, respectively. In Europe, the pan-European Stoxx 600 index was down 1.6 per cent by mid-morning. Dow Jones futures were also down by over 500 points, indicating a weak start for Wall Street. Against this backdrop, the Sensex gyrated 1,683 points intra-day and ended 196 points down at 57,065. The NSE Nifty50 also slipped below the 17,000 mark to end at 16,983, down 71 points. Earlier in the day, the 50-pack index hit a low of 16,931. With today's decline, the benchmark indices took their total decline in November to 4 per cent, their biggest monthly loss since March 2020. This correction was triggered by a cocktail of FII selling, high crude oil prices, fears of a possible change in the interest-rate scenario, and the new heavily mutated Covid-19 variant Omicron. Among individual stocks, 17 of the 30 Sensex constituents and 28 of the 50 Nifty constituents ended the day in the red. Tata Steel, Kotak Bank, Bajaj Auto, M&M, Bharti Airtel, and RIL were the biggest losers. The biggest gainers were PowerGrid, Shree Cement, Bajaj Finserv, Titan, and Tata Consumer Products, all of which rose by up to 3 per cent. The broader markets, however, witnessed decent buying, tilting the overall market breadth in the favour of buyers. The BSE MidCap index added 0.3 per cent and the BSE SmallCap index gained 1.45 per cent. A look at some of the other important developments of the day: • Shares of Go Fashion (India) made a stellar market debut today, with the stock getting listed at Rs 1,316 on the BSE. This was a 91-per-cent premium to its issue price of Rs 690. The shares, however, witnessed mild profit booking and ended at Rs 1,253 apiece. • The initial public offering of Ace investor Rakesh Jhunjhunwala-backed Star Health and Allied Insurance has been subscribed 11 per cent so far on Day 1. The retail portion has been subscribed 63 per cent. • Indian online retailer Snapdeal, which is backed by SoftBank Group and Alibaba Group Holding, is planning to file preliminary documents for a $250-million IPO in the next few weeks. According to a Bloomberg report, the e-commerce company aims to go public in early 2022, and plans to raise at least $200 million at a valuation of $1.5 billion. • The Reserve Bank of India could start tightening its monetary policy from the next financial year as consumer prices are rising, according to Goldman Sachs Group. The Group expects the central bank to hike rates by 75 basis points in 2022. • Finance Minister Nirmala Sitharaman has clarified in the Rajya Sabha that the government is not considering a ban on cryptocurrency advertisements and that the crypto Bill will be introduced in Parliament after it receives the Union Cabinet's approval.

The frontline indices, BSE Sensex and Nifty50, staged a smart recovery and ended higher on Monday. The 30-pack index ended 153 points higher at 57,260 mark and the Nifty reclaimed its 17,050 level. The bounce-back rally was powered by a one per cent rise in Reliance Industries' stock which was among the top gainers yesterday. On the Sensex, the stock accounted for 52 per cent of the total gains. RIL's stock made a splash on the bourses after brokerages gave a thumbs-up to the 21 per cent across-the-board tariff hike done by Reliance Jio in its prepaid plans. According to analysts at brokerage firm Jefferies, Reliance Jio's tariff hikes have brought its discount back to 13-20 per cent versus Bharti Airtel in the prepaid smartphone segment. This, the brokerage says, should keep Jio's subscriber momentum intact. As, 2G feature-phone users, low-end JioPhone users and high-end JioPhone users will have to spend up to 4.4x more over a 24-month period to upgrade to JioPhone Next, the brokerage has raised Jio's enterprise value by eight per cent to $96 billion. Back home domestic brokerage Kotak Institutional Equities has upgraded the stock to ‘Buy' from ‘Add' citing favourable reward-risk balance post the recent correction and relative sharp underperformance versus peers in telecom and retail business. That said, if one ignores RIL's performance, the overall market movement was volatile on Monday with more sellers than buyers on Dalal Street. Market bulls are trying hard to regain composure as investors remain uncertain on whether the newly identified Omicron variant would really derail economic recoveries and the tightening plans of some central banks. Going ahead, analysts believe the ‘overreaction' to the development is over and any market fall from here on should be used to add to positions from a medium-to-long term perspective. According to G Chokkalingam, founder and chief investment officer at Equinomics Research, the global markets overreacted without waiting for the scientific assessment of Omicron on rate of hospitalisation, death rates and efficacy of existing vaccines. Thanks to recent corrections, valuation of the domestic equity market has moderated with the trailing PE of the Sensex cooling off to 26.7 from a recent peak of 30. This, he says, has made Indian markets more attractive for investors from a long term perspective. As regards Tuesday, news flow around the new coronavirus variant is expected to keep the indices volatile today. Moreover, investors will also track Infrastructure Output data for October and Q2 GDP data to be released later in the day. Stocks of Zomato, IRCTC, Godrej Properties, and Tata Power will be on investor radar today due to the scheduled rejig of the MSCI indices. The Standard Index (India) will see seven additions and two deletions, and will see weight changes for certain stocks such as HDFC Life and Piramal Enterprises. Overall, analysts expect India to see a net inflow of approximately $500 million with all the adjustments. Lastly, in the primary market, the initial public offer of Star Health and Allied Insurance Company will open for subscription today. Backed by ace investor Rakesh Jhunjhunwala, the company plans to raise up to Rs 7,249 crore in the price band of Rs 870 to Rs 900.  The initial public offer will close for subscription on December 2, 2021. Given the company's valuation of around 5.5x FY21 market cap/GWP, which are in line with recent deals in the sector, most analysts recommend subscribing to the IPO from a long-term perspective. Watch Video

Top headlines • RIL, Infosys drag Sensex 323 points down;  Nifty holds 17,400 • India to consider allowing crypto trading for some investors • Cabinet approves repeal of farm laws • Jhunjhunwala-backed Star Health looking to raise Rs 7,000 cr via IPO A firm trading day saw an anti-climactic end today, with indices turning sharply lower towards the fag end of the session.  Last hour sell-off in heavyweights like Reliance Industries, Infosys, HDFC, ITC, and Maruti Suzuki, coupled with a spike in crude oil prices and uncertainty over cryptocurrency regulation, soured sentiment on the Street. The BSE Sensex closed at 58,341, down 323 points or 0.55 per cent, after swinging 825 points intra-day. On the NSE, the Nifty50 ended at 17,415, down 88 points, or 0.5 per cent. Meanwhile, in the broader markets, the indices ended on a mixed note. The BSE MidCap index fell 0.57 per cent, while the BSE SmallCap index added 0.44 per cent. Sectorally, the Nifty IT index was the biggest loser, as it ended 1.5 per cent lower on the NSE. On the flipside, the Nifty Bank index added 0.45 per cent. Overall, the market breadth on the BSE still favoured buyers, with over 1,900 stocks advancing on the BSE today, compared with 1,350 stocks that declined. Individually, the shares of Zee Entertainment Enterprises surged 8 per cent intra-day, gaining 13 per cent in the past two trading days, after Punit Goenka, MD and CEO of Zee, said that merger talks between his company and Sony Pictures were in final stages of stitching up. The shares ended 6.5 per cent higher on the BSE at Rs 333 per share. That apart, shares of the recently listed companies, including Latent View Analytics, Paytm, SJS Enterprises, and Fino Payments Bank rallied up to 20 per cent on the BSE in Wednesday's intra-day trade on the back of heavy volumes. Except Latent View Analytics, all three stocks had seen a weak market debut. While these stocks have now recovered by up to 35 per cent from their post-listing lows, they are still trading below their respective issue prices. Coming to primary market developments, Star Health and Allied Insurance Co is aiming for a valuation of about $7 billion in its initial public offering. Backed by ace Indian billionaire investor Rakesh Jhunjhunwala, the Indian health insurance provider is looking to raise Rs 7,249 crore and has set a price band between Rs 870 and Rs 900 per share, according to a Reuters report. In a separate development, the Union Cabinet on Wednesday approved a Bill to repeal the three contentious farm laws. The new Bill will now be introduced in the Lok Sabha for passage in the upcoming winter session beginning November 29. That apart, a Bloomberg report has suggested that India might be considering a proposal to treat cryptocurrencies as a financial asset while safeguarding small investors. The report has also said that the legislation could stipulate a minimum amount for investments in digital currencies, while banning their use as legal tender.

Contact-intensive services were among the hardest hit by the pandemic, with airlines being no exception. But now, with the infection ebbing and the threat of a third wave diminishing, the aviation sector is seeing green shoots of recovery IndiGo CEO Ronojoy Dutta recently told a financial daily that the situation was improving rapidly and faster than the sector had expected. Dutta said that while IndiGo's performance in the last quarter was strong, the current quarter was also shaping up very well. He underlined that most importantly, revenue and traffic were coming back. Also, in a recent interview with Business Standard, Dutta's response to why IndiGo was holding back its qualified institutional placement decision also highlighted how the airline is faring.   Things are not looking up for IndiGo alone. The entire sector is seeing buoyancy. According to a recent report, November has brought good news for the aviation sector, with daily domestic air traffic reaching close to pre-Covid levels. On 14th November, 385,661 passengers were recorded at departures. This was the highest-ever daily traffic seen in India since air travel resumed in May last year following a two-month shutdown. This amounted to 96.4 per cent of pre-Covid air traffic level, as, on an average, around 400,000 domestic passengers were recorded on a daily basis in 2019.   Fresh blood is also being infused into the sector. Akasa Air, the budget airline backed by Rakesh Jhunjhunwala, recently placed an order for 72 Boeing aircraft. Valued at nine billion dollars at list price, the order was signed at the Dubai Air Show. Also, let us not forget the most momentous development for the sector, the privatisation of Air India. It is returning to the Tatas after 68 years. If taken together, the Tata group, which also operates Vistara and AirAsia India, will have around 25 per cent share of the domestic airline market. That's apart from the fact that it now has the largest Indian airline on international routes. A revitalised Air India, no doubt, will have a major impact on the sector. In another interview with a national daily, IndiGo CEO Ronojoy Dutta said he believed the disinvestment of Air India was good for the country, the aviation industry and also IndiGo.   However, even as the effects of the pandemic recede, high fuel prices are likely to play spoilsport for airlines. Things are looking up for the Indian aviation sector. And hopefully, it will not run into any turbulence in the near future, especially triggered by fuel prices or a resurgence in Covid-19 cases.  Watch Video

If the recent indicators are anything to go by, India's aviation sector is seeing a solid revival after pandemic-related turbulence. On October 9, domestic airlines flew more than 300,000 passengers for the first time since February. While this is still a shade shy of the pre-covid level of 350,000 daily fliers, things are certainly looking up for the sector.  Major airports saw heavy crowds and long queues last weekend, indicating the comeback of air travel.   The country's two biggest airports, Delhi and Mumbai, are reopening terminals that had been closed earlier due to low footfalls.  In what comes as a shot in the arm ahead of the peak holiday season, the government has allowed airlines to operate at 100% capacity from October 18. At present, this limit is 85%.  Data from aviation regulator DGCA show that the average load factor of major airlines was 70% in August. The country's biggest airline, IndiGo, said its current load factor was at 75-80%. It is operating 1,200 flights daily, which is around 80% of its pre-Covid-19 capacity. India is also re-opening its borders for tourists after 18 months. The government will start issuing fresh tourist visas from October 15 to foreigners who are coming in through chartered flights. Those who want to visit India on regular commercial flights will be able to do so from November 15. Rules pertaining to their testing, quarantine and vaccination are yet to be laid out. To help the tourism industry, the government is giving out visas to the first 500,000 tourists free of cost. The scheme will be applicable till March next year.   In 2019, India had seen nearly 11 million international tourist arrivals which translated into $30 billion of foreign exchange.  With the sale of Air India to the Tata group concluding by the end of this year and Jet Airways resuming operations soon after, the new year promises to be full of new beginnings for Indian aviation.  Also, Akasa Air, the new airline backed by billionaire Rakesh Jhunjhunwala which received a no-objection certificate from the government on October 11, expects to start flying next year.  Akasa Air still requires a clearance from the DGCA, besides other permissions. Jhunjhunwala has joined hands with former IndiGo President Aditya Ghosh and Jet Airways CEO Vinay Dube to launch this low-cost carrier. As aviation demand inches towards the pre-pandemic level, the time may be ripe for Akasa Air to start operations.  One major headwind that might work against the industry, meanwhile, is the high price of aviation turbine fuel. Fuel now accounts for 40% of the cost of running an airline in India.  In Chennai, state-run fuel retailers have increased ATF prices by 9% in the past month and 83% in the past year to about Rs 74,500 per kilolitre. The increase comes amid a rise in global crude oil prices reflecting an improving demand. Further, the government's refusal to do away with fare caps that have been in place since May last year will also impact the aviation market's recovery. The floor prices were imposed by the government to protect financially weaker airlines during the pandemic, while upper limits ensured that customers were not overcharged. Now that demand is back, airlines have been asking for restrictions on fares to be lifted. In a minor relief, the government last month allowed airlines to set their own fare for travel beyond 15 days from the date of booking, instead of the earlier 30. This is expected to increase competition among the airlines during the holiday season.   If the current trend sustains and there is no sudden surge in Covid-19 infections, the Indian civil aviation sector may be on the verge of a turnaround.  Watch Video

Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. He wants to set up the new airline in India on the optimism that more people will travel by air. The carrier expects to start operations next summer. Billionaire investor Rakesh Jhunjhunwala, also known as Warren Buffet of India, has invested Rs 247.50 crore for a 40 per cent stake in an ultra low-cost carrier, Akasa Air. According to Forbes, Jhunjhunwala has an estimated net worth of $4.6 billion. Another big name of Dalal Street, Madhav Bhatkuly, founder of investment fund New Horizon, has also has also invested around Rs six crore in the company. Bhatkuly is known for identifying big companies at early stage. The ace investor is planning to launch the airline with former Jet Airways CEO Vinay Dube and former president of Indigo, Aditya Ghosh is also collaborating with him for the venture. Dube has roped in many of his former colleagues from Jet Airways and GoAir, where he served as CEO. Senior executives on board are: Promoter Vinay Dube is the CEO. Praveen Iyer has been appointed chief commercial officer. Iyer, a former colleague of Dubey at Jet Airways, is one of the founding members of the team Neelu Khatri who has been appointed as head of corporate affairs, was most recently president of Honeywell Business in India. Anand Srinivasan (chief information officer). Srinivasan used to head revenue management at Go Air. Bhavin Joshi as senior vice-president of finance and aircraft leasing. The company hired Ankur Goel, former head of IndiGo's treasury and investor relations, as chief financial officer. Goel, was a core member of the team that led IndiGo's public listing in 2015. With Goel's hiring, the airline has now completed hiring of its top management.   Sweat equity The key executives have been allotted 63-125 company shares each in form of sweat equity. Till the time the company starts generating revenue, it has decided to compensate employees through sweat equity. Now what is that? Sweat equity is a non-monetary benefit that a company's stakeholders give rather than a monetary contribution. This is offered normally in start-ups where employees receive stock or stock options, becoming part-owners of the firm, in return for accepting salaries, which are lower than industry standards. About the new airline Akasa Air will now have to apply for the Directorate General of Civil Aviation for operations permit. It would be flying as many as seventy 180-seater aircraft. The team has built a route network covering 30 airports with a 70 aircraft fleet. In a statement, the airline said that it plans to offer flights across India, with an aim to be the nation's most dependable, affordable and greenest airline. It aims to start operations by the summer of 2022 and plans to operate approximately 70 planes in the next four years. The airline intended to place bulk aircraft orders and induct 20 planes within a few months of launch. Industry sources expect it could help it earn valuable sale and lease back income and achieve a certain scale to take on competition, such as IndiGo. Market leadership gives pricing power to control fares, favouring the market leader. Airbus's A320 or Boeing's B737 Airbus Chief Commercial Officer Christian Scherer recently told PTI that the plane maker is in conversation with Akasa for an aircraft procurement deal. Although, multiple media reports had said two months back that the airline is in talks with US aerospace company Boeing for buying up to a hundred 737 Max aircraft. Now, Airbus's A320 series of aircraft competes with Boeing's B737 series of planes in the aviation market. IndiGo flies the most successful single aisle airplane in the world (Airbus's narrow body aircraft) and it is also the most modern, which is the A320 and now the A321. Among all Indian carriers, only SpiceJet and Air India Express ope

No hawkish comments by the RBI at its bi-monthly policy meeting and assurance to support growth bolstered the stock market bulls on Friday, thus ending the eventful week on a firm footing. The central bank also retained the GDP growth forecast at 9.5 per cent for the on-going fiscal year and revised CPI inflation projection downward to 5.3 per cent which further supported sentiment. That said, hopes of a strong show by IT bellwether TCS spilled over to other stocks in the pack, aiding market momentum. Overall, the BSE Sensex closed the session above the 60,000 mark after an eight-day hiatus at 60,059, up 381 points. Meanwhile, Nifty50 settled the day 105 points higher at 17,895. The majority of the stocks in both indices closed in the red, with RIL and IT stocks contributing to the gains. In the broader markets, the BSE Smallcap with a gain of 0.83 per cent outperformed benchmark Sensex while BSE Midcap lagged as it added 0.15 per cent. Sectorally, IT stocks were on a firm footing. The index added 1.96 per cent. PSU Bank index followed suit with 1.65 per cent gains. Metals, Media and Auto were among other top gainers. On the other hand, Nifty Realty tanked over 2 per cent and was the worst loser. FMCG, pharma and financial services were the only other losers in the sectoral landscape on NSE. In stock-specific action. RIL shares stole the show as the stock rallied nearly 4 per cent, with its market cap at nearly Rs 18 trillion. The stock hit a new high of Rs 2,683.90 on BSE. The second-most valuable firm TCS also hit a new high in trade today. It hit new peak of Rs 3990 ahead of the earnings announcement on hopes of a strong show. Rakesh Jhunjhunwala-backed Nazara Tech, meanwhile, rallied for the seventh straight day, with stock crossing Rs 3,000 mark. The stock closed 15 per cent higher. With this, Jhunjhunwala's holding in the company swelled past Rs 1,000 crore. On Wednesday the company board had approved preferential allotment of fresh equity to raise Rs 315.30 crore. On the flip side, shares of Piramal Enterprises tanked 5 per cent on profit booking after the company's board approved the demerger of the pharmaceuticals business and simplification of the corporate structure. Now, going into trade next week, Q2 earnings, macro data and global cues will dictate market trajectory. Nearly 50 companies are slated to post their earnings next week, including largecap names like Infosys, Wipro, HDFC Bank, Avenue Supermarts and HCL Tech. Further, on the macro front, industrial production data for September along with CPI and WPI inflation figures are also slated to be out. Lastly, the shares of AB Sun Life AMC will be up for listing next week. The IPO had received a decent response from investors, with over 5 times subscription. Apart from these, oil price moves, rupee's trajectory and FII flows will can also sway market mood.

In this episode, find out why Zomato co-founder stepped down, also find out why Cabinet may consider telecom relief package Business Term of the Day: price to earnings ratio

The Big Bull of stock markets Rakesh Jhunjhunwala is backing an ultra-low-cost airline, Akasa. Aviation industry veteran Suresh Nair and ET's Anirban Chowdhury tell us candidly on what are the possible turbulence ahead and can it withstand the competition and take off. Clip credits: NDTV, Bloomberg, CNBC TV18, Yahoo Finance, India Today, CNA

In this episode of pocket samosa, we discuss about Byjus acquisitions , Rakesh Jhunjhunwala's airline dream, Olympics and much more. Please follow the podcast and share it with your friends

Rakesh Jhunjhunwala has set the bull among the aviation pigeons by announcing the launch of a new low-cost airline called Akasa. K Giriprakash, BusinessLine's aviation expert decodes the chances of his success in a country that's proved to be the graveyard of many such ambitions. --- Send in a voice message: https://anchor.fm/business-line/message

A sharp recovery in US futures helped benchmark indices recoup some losses. But even then both Sensex and Nifty declined for the third straight day. Traders also avoided taking positions ahead of the market holiday on Wednesday for Bakri-Id. BSE Sensex sunk 355 points or 0.68% to 52,199. Its NSE counterpart Nifty settled at 15,632, down 120 points or 0.76%. IndusInd Bank, Tata Steel and NTPC were the worst losers. Meanwhile, Asian Paints following an over 160% YoY jump in Q1 PAT at Rs 574 crore was the top gainer. The scrip closed over 6% higher. Ultratech, HUL and Nestle were other gainers from the Sensex pack. Sectorally, only the Nifty FMCG index closed in the green. Nifty Media, Metals and Realty indices declined over 2% each and were the top laggards. The fall in the broader market was more pronounced, with both Nifty Midcap and Nifty Smallcap shedding over 1.4%. Stock specific action remained high. Cement stocks hogged the limelight following a strong Q1 show by ACC. ACC stock hit a new high of Rs 2343 as it posted strong operational performance for the second quarter. It closed the day 7% up at Rs 2308.55. Other cement stocks like JK Lakshmi, Birla Corporation and Ambuja Cements jumped between 5-6%. Tata Motors declined over 2% after the latest shareholding pattern showed that Rakesh Jhunjhunwala reduced his stake in the company to 1.14 per cent in the June quarter from 1.29 per cent in the March quarter. Bajaj Finance, in closing hours of trade, posted a 3 per cent YoY decline in net profit to Rs 843 crore for the quarter ended June. Following this, the scrip settled 1% down at Rs 5937.90 on BSE. Tatva Chintan Pharma Chem's IPO was subscribed 180 times so far on Day 3. With another hour left for investors to put in their bids, it remains to be seen if the IPO can beat MTAR Tech's 200 times bids. With markets shut on Wednesday, investors will react to global cues on Thursday with the weekly expiry expected to keep the indices volatile. Besides, earnings from top two index majors HUL and Bajaj Auto are also slated for Thursday, which can result in stock-specific lead action on the index. In global trade today, European and US stock futures gained as markets stabilised after Monday's rout. The Stoxx Europe 600 rose 0.5% while US futures that were up half a per cent, indicated a firm Wall Street start later in the day.

The domestic benchmark indices scaled fresh peaks in intra-day trade helped by firm Asian market cues and rally in realty, IT, financials and metals stocks in anticipation of robust Q1 earnings and recovery in demand. The BSE Sensex ended at a new closing peak of 53,159 levels, up 255 points or 0.48 per cent while the Nifty50 index shut shop at 15,924-mark, up 74 points or 0.47 per cent. Earlier in the day, the Sensex scaled a new lifetime of 53,266 and the Nifty touched 15,952. In the 30-pack index, 17 stocks ended in the green with HCL Tech as the biggest gainer, up 5.10 per cent followed by L&T, Tech Mahindra and HDFC Bank that rose in the range of 1.5-4 per cent. On the other hand, Bharti Airtel, M&M, Asian Paints and Titan were the worst losers. Sectorally, Nifty Realty index was the best performer, up 4.20 per cent followed by Nifty IT that added 1.29 per cent. Nifty Auto and Nifty PSU Bank were the worst laggards, down 0.30 per cent each. The broader markets outperformed the benchmark as Nifty Smallcap 100 jumped 0.95 per cent while Nifty Midcap 100 added 0.48 per cent. Going into trade on Friday, investors would react to Wipro's Q1 numbers in early trade while global cues, Fed Chair Jerome Powell's testimony and stock-specific action could also sway market mood. On stock-specific front shares of Wipro added 2.52 per cent to Rs 575.75 ahead of its Q1 numbers. The IT major beat expectations when it posted a 35.65 per cent YoY rise in Q1 PAT at Rs 3,242.6 crore as against Rs 2,390 crore posted in the June quarter last year. Analysts were pencilling in a PAT growth of 14-19 per cent. L&T Technology Services shares soared 19.08 per cent to Rs 3465.65 on the BSE after it reported an 84 per cent YoY and 11.1 per cent QoQ jump in its Q1FY22 net profit at Rs 216.2 crore, largely on widening margins. It had hit a new high of Rs 3492.25 in trade earlier. Shares of Titan slipped 0.50 per cent after ace investor Rakesh Jhunjhunwala further trimmed stake in the company by 0.25 per cent in the June quarter. Jhunjhunwala and his wife's stake stood at 4.8 per cent as of June 30, 2021. Meanwhile, in the primary market, Zomato's Rs 9,300 crore initial public offer continued to garner strong interest from retail participants who bid for 4.5 times shares. The issue has been subscribed over 2x so far and closes tomorrow. In other news,  Goldman Sachs expects an oil supply agreement between Saudi Arabia and the United Arab Emirates to be a bullish catalyst for prices over the coming months as the U.S. investment bank maintained its summer Brent price forecast at $80 per barrel. Currently, oil was hovering 1.5 per cent down at $73.63. Lastly, an update on the global market front. A 0.7 per cent rise in Chinese shares was offset as Japan's Nikkei fell more than 1 per cent and London, Paris, Frankfurt and Wall Street futures all shuffled 0.1 per cent-0.8 per cent lower in early European moves as traders struggled with the rapid global rise in Covid-19 Delta variant cases.

In a recent report as per KPMG, “Online gaming industry in India is going to be worth Rs.29,000 crore by FY25.”Have you heard about Nazara Technologies?Probably Yes, when its IPO came in March 2021, as it was very well highlighted in the News, being one of the portfolio companies of Rakesh Jhunjhunwala.Nazara's founder and the guest of our today's episode, Nitish Mittersain probably saw this coming much early, almost 20 years back.With its IPO, Nazara gave 80%+ as listing gains to its IPO applicants, this reflects how well the Indian stock market has reacted to a gaming company, and also highlights the potential of India's gaming industry in years to come.During the podcast, Nitish talks about his journey of building a gaming company in India, when no one believed that gaming as a domain was properly monetizable. He also shares how Nazara got listed in NSE & BSE and how it impacts the company's future growth plans.Notes - 01:14 - Textile business family background; coding games in BASIC02:33 - Started Nazara in 1999 while he was 1st year in college04:27 - 2000 Dot-Com Bubble - “I often say, I did an expensive but enriching MBA, sitting here in Bombay.”06:54 - Focus on Cash Flows; not chasing vanity metrics07:13 - Raising funds & Friends of Nazara07:59 - Acquisition since 2015 - NODWIN Gaming & Nextwave Multimedia among others08:44 - Synergy between the acquirer & the acquiree company10:14 - “Over a 20+ years journey gaming always looked like a mirage in the desert.”13:10 - “Just trying to run a profitable business today may not be good enough.”14:56 - Advantage of being the only listed gaming company20:09 - Source of Revenue: In-app purchases vs Advertising20:51 - What convinced Rakesh Jhunjhunwala to invest?24:53 - Getting listed in Indian markets being a startup

Check Rakesh Jhunjhunwala portfolio, recently added stocks, corporate shareholdings and investments with detailed company analysis on Ticker.

Nazara become the first gaming company to list in India. The 10.82 per cent stake ace investor Rakesh Jhunjhunwala holds in the company was worth Rs 656 crore at listing. In valuation terms, it has become his sixth largest stock bet.

Welcome to The Stock Market Podcast by Sharique Samsudheen. We meet here every day at 8.30 pm to discuss, analyze, and learn everything about the stock market. We start the day by analyzing the Nifty & Bank Nifty levels and go on to talk about top news for the day. We also discuss stocks to watch for tomorrow. Intro: 00:00 Watchlist Update: 01:17 Markets Today(Atmanirbhar 3.0 Explained In-Depth): 04:15 Nifty, Bank Nifty Analysis: 19:52 Top Gainers/Losers(Grasim, Apollo Hospitals and Bank Fall!): 21:00 Just Dial & Rakesh Jhunjhunwala invests in Indiabulls Real Estate: 23:00 Markets Tomorrow: 24:07 Athishaktham Watchlist: 25:55 Your Questions, My Answers(Time Management, Equity vs Options, Pump&Dump): 29:14 Join Us on Telegram - Search @fundfolio on Telegram Do check out www.marketfeed.news for updates every day Sensibull Options Trading Platform Discount Link - https://rzp.io/l/fundfolio10 Open Demat & Trading Account with Zerodha - https://zerodha.com/open-account?c=ZMPKGJ Open Free Demat Trading Account With Upstox - https://upstox.com/open-account/?f=8U0X Do check out our video version - https://www.youtube.com/watch?v=Xs3WlBNC9xM Send in your valuable feedback to marketfeed@fundfolio.in