Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

Mid Market News Update For 06 Jan,2022

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

News Wrap Up:

1. Sensex down 250 pts, Nifty50 below 17,950; IT index slips 1%

2. India set to post BoP deficit for 2nd straight yr in next fiscal: Standard Chartered Bank

3. TCS pushes the pedal to get self-driving cars on road with new algorithms

4. Foreign banks rush to find plan B as ESMA-BoE ban on CCIL looms

5. Sebi nod to reclassify govt holding in IDBI Bank as 'public' after sale

6. Vodafone Idea approaches banks for loans worth Rs 7,000 crore

7. Delhi reels under cold wave, dense fog; temp plunges to 1.8 degrees Celsius

8. Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus

9. Speciality Restaurants soars 20% in 2 days; hits record high in weak market

10. Profit-booking takes some sheen off gold; commodity hits all-time high


Indian startups take 5 years to scale from zero to $100 mn in revenue: Report

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

With India’s startup ecosystem maturing in the last decade, the time taken by new-age tech companies to reach the $100 million revenue has decreased significantly, as per a study by consultancy firm Redseer Strategy Consultants. The average time taken by startups to scale to $100 million in revenue has now come down to just five years in 2017 from 18 years in 2000, the study pointed out.


There are about 100 unicorns--startups with a valuation of $1 billion or more--and 170 soonicorns, a company with the potential to become a unicorn, in India. Of these 270 companies, more than 40 operating in fintech, ecommerce, and logistics crossed $100 million in revenue as of the financial year 2022, the report said.



At present, India has close to 480 startups clocking more than $10 million in revenue while less than 60 new-age tech firms have an annual income in the range of $100 million to $1 billion.


The study also pointed out the role of investors, particularly venture capitalists, in helping startups scale from zero to $100 million in revenue. “Venture capital has played a central role in helping startups scale to the $100 million revenue milestone. Besides capital, investors add tremendous value to the companies they fund. In addition, the knowledge of governance, financial prudence, and networks brought by VCs are invaluable for startups," it said.


In total, VCs have invested about $143 billion over the last 15 years in the startup ecosystem, which is currently valued at $804 billion, as per the study’s estimates. At current valuations, it translates to around 4.5 times return for VCs on their investments.


Pointing out the challenges faced by most startups in their growth journeys, the study said those in niche industries restrict their total addressable market, while others need help with product-market fit and unsustainable growth.


Startups in the red ocean market --the industries with well-defined market space and industry boundaries-- operate in a highly competitive environment and need a unique competitive advantage to stay afloat, it added.


Challenges like poor profitability and bottlenecks with organization, governance, and operations are the reasons that even lead to the shutting down of startups, the study said.


Last year, 2,404 new-age tech companies winded up their operations, more than double the 1,012 that had shut shop in the previous year, according to data from Traxcn. Close to 266 startups that shut down this year were funded by venture capital, angel investors, family offices or institutional investors. The companies had raised close to $290 million, the data showed.


Jack Ma's Ant wins approval to raise $1.5 bn capital for its consumer unit

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The deal resolves a key hurdle for Ant as it seeks to meet requirements from regulators following a crackdown on its business after its record initial public offering was torpedoed in 2020

Chinese regulators approved a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit, signaling progress in the government-ordered overhaul of the financial technology firm.
The China Banking and Insurance Regulatory Commission division in Chongqing green-lit the company’s plan to lift its capital to 18.5 billion yuan, according to a notice on Dec. 30. Ant, which contributed 5.25 billion yuan as part of the plan, will control half of its shares after the deal, while a unit owned by the city of Hangzhou will hold 10%, becoming the second-biggest shareholder.

The deal resolves a key hurdle for Ant as it seeks to meet requirements from regulators following a crackdown on its business after its record initial public offering was torpedoed in 2020. Chinese regulators have reined in shadow banking over the past years to reduce economic risk and Ant is still waiting to obtain a financial holding license that will regulate it more like a bank.

The greenlight is another sign that Beijing is softening its stance on its giant internet sector, traditionally a big driver of growth, as the world’s No. 2 economy sputters. Last week, authorities approved the most significant batch of new blockbuster game releases in months, allowing Tencent Holdings Ltd. to refill a pipeline emptied by the crackdown.

Shares of Ma’s Alibaba Group Holding Ltd. rose as much as 7.7% after the Ant news and the Hang Seng Tech Index extended its rally to 3.3%. Tencent jumped nearly 4% while Baidu Inc. surged 6%.

“We view it as a signal on Ant’s regulatory rectification wrap-up,” Leon Qi, an analyst with Daiwa Capital Markets Hong Kong Ltd., wrote in a report. The consumer unit will be able to handle 1.1 trillion yuan of loans once the fundraising is complete, he said.

Other new investors include Sunny Optical Technology Group Co. and Jiangsu Yuyue Medical Equipment & Supply Co. The consumer finance unit combines Ant’s most lucrative online lending operations, Huabei and Jiebei.

The current plan is a scaled-down version of an earlier effort to boost capital to 30 billion yuan. Cinda Asset Management, one of China’s bad-debt managers, last year withdrew a plan to invest 6 billion yuan for a 20% stake in the consumer finance giant, without disclosing a reason.

Ma has maintained a low profile since Ant’s IPO was halted. In a filing in July, Alibaba reiterated that Ma “intends to reduce and thereafter limit his direct and indirect economic interest in Ant Group over time” to a percentage that doesn’t exceed 8.8%.

SBI board approves raising ₹10,000 crore via infrastructure bonds

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Country's largest lender by assets, State Bank of India (SBI), on Tuesday said that its board has considered raising funds through issue of infrastructure bonds worth up to ₹10,000 crore during financial year 2023.


The meeting of the Executive Committee of the Central Board of State Bank of India was scheduled to be held today.


“The Executive Committee of the Central Board to be held on Tuesday, 03rd January, 2023 to consider raising of Infrastructure Bonds up to an amount of ₹10,000 crore," the state-owned bank said in a regulatory filing.


“Raising Infrastructure Bonds up to an amount of Rs. 10,000 crores through a public issue or private placement, during FY23," SBI said.


In December last year, SBI had raised ₹10,000 crore through its maiden infrastructure bond issue.Earlier on Monday, the Reserve Bank of India (RBI) said that SBI, along with private sector lenders such as ICICI Bank and HDFC Bank, continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'.


SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support for these lenders in times of distress. Due to this, these banks enjoy certain advantages in the funding markets.


The RBI had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016. Based on data collected from banks as on March 31, 2017, HDFC Bank was also classified as a D-SIB.


The current update is based on data collected from banks as on 31 March, 2022.


2022 car sales zoom 23% to record high of 3.8 mn; 14% higher than 2018 peak

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The auto industry posted its highest-ever annual domestic passenger vehicle (PV) sales in 2022 at 3.793 million units on the back of pent-up demand and better semiconductor chip supply. The figure was 23.1 per cent more than that of 2021.


The highest growth in annual domestic PV sales was seen by Tata Motors, Kia India and Toyota Kirloskar at 58.2 per cent, 40.2 per cent and 22.6 per cent (see table), respectively, according to data shared by the companies. Auto companies count wholesales, the units dispatched to dealers, as sales.


India’s largest carmaker Maruti Suzuki posted a 15.4 per cent growth in annual domestic PV sales at 1.579 million units.


Shashank Srivastava, executive director, sales, Maruti Suzuki, said, in 2022, domestic wholesales of the Indian auto industry was 3.79 million units against last year’s 3.08 million units, a growth of 23.1 per cent in the calendar year.


“This calendar year’s wholesale growth of 3.79 million units is the highest ever in the Indian auto industry in a calendar year. The highest was last in 2018, which was 3.38 million. So, 2022’s figure is about 14 per cent higher than the previous highest,” he told reporters at a virtual conference.


This resurgence is partly because of better availability of semiconductor chips in 2022 as compared to 2021, he added.


”Also, this rise has an element of pent-up demand. In the last three years, we saw a decline in the industry numbers. So the pent-up demand has also played a role in this 23.1 per cent growth,” he noted.


He said demand for SUVs continued to grow and its share stood at around 45.3 per cent of the total PV sales in 2022.


In terms of product mix on the basis of price, he said, “It appears that about 40 per cent of vehicles sold in the industry were in the bracket of Rs 10 lakh or above.”

Meanwhile, Maruti’s domestic PV sales in December 2022 were 112,010 units, 8.9 per cent lower than in December 2021.


On the lower figure in December 2022, Srivastava said, “For models where we have large pending orders like Brezza, Vitara, Ertiga, Dzire, Swift or Baleno, we were unable to produce more vehicles because of the semiconductor chip supply constraints. For models where we had adequate supply, we controlled the production because we wanted to keep the stock levels down because it was the last month of the year.”


Tata Motors sold 526,798 units of PVs domestically, which is a 58.2 per cent growth.


Shailesh Chandra, managing director (MD), Tata Motors Passenger Vehicles, said, “For Tata Motors’ passenger vehicles, CY22 has been a momentous year. We outpaced industry growth and crossed the distinctive milestone of 500,000 units comfortably to post wholesales of 526,798 units. Last quarter (Q3 of FY23) was one of the best quarters for the PV industry with strong retails from new launches, robust festive demand, and adequate supply of vehicles.”


Toyota Kirloskar Motor (TKM) saw its domestic PV sales jump from 130,768 units in 2021 to 160,357 units in 2022.


Atul Sood, associate vice-president, sales and strategic marketing, TKM, said,


“The year 2022 has been tremendous for TKM, both in terms of new product launches as well as sales performance.


We introduced milestone models like the Urban Cruiser Hyryder and the Innova Hycross. Both the models have been very well appreciated by our customers.”


TKM’s models like the Fortuner, Legender, Camry and the Vellfire continue to excel in their respective segments, Sood added.


  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us