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GST collection surge in October shows economy on recovery path: Minister

12. November 2021 Sandeep Stock Market Research (0)

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Goods and Services Tax (GST) collection remained above Rs 1 lakh crore for the fourth month in a row at over Rs 1.30 lakh crore in October, indicating the impact of festive buying.

Union Minister of State for Finance Bhagwat Karad said buoyancy in GST collection in October shows the Indian economy, adversely affected by the coronavirus pandemic, is on the path to swift recovery.

Goods and Services Tax (GST) collection remained above Rs 1 lakh crore for the fourth month in a row at over Rs 1.30 lakh crore in October, indicating the impact of festive buying.

This was the second highest collection of GST since its implementation on July 1, 2017. The tax collections last month on goods sold and services rendered was 24 per cent higher than in October 2020.

"Exceeding expectations of Rs 1 lakh crore GST collection, we have achieved Rs 1.30 lakh in GST collection. This buoyant GST collection shows we are on the path to economic recovery," said Karad.

The junior finance minister was speaking at a national tax conference organized jointly by the Maharashtra Tax Practitioners Association, the All India Federation of Tax Practitioners, Goods and Service Tax Practitioners Association of Maharashtra and the North Maharashtra Tax Practitioners Association.

Also Read:- [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

The conference discussed a range of issues, including faceless tax assessment mechanism.Karad said Prime Minister Narendra Modi has advised them to focus on three key issues – financial inclusion, financial literacy and digital transaction.

He recalled the words of former President late Dr APJ Abdul Kalam that taxpayers are nation builders. India’s national budget, which used to be Rs 17 lakh crore seven years ago, has more than doubled under the guidance of PM Modi. This was made possible because of honest taxpayers…tax practitioners are chief motivators for this compliance,” he said.

Karad said there were some hiccups in GST implementation when it was introduced four years ago, but with feedback and suggestions from tax practitioners these problems are being ironed out gradually.

The aim is to make a New India which has health, wealth, and infrastructure. Finance is the most important part of it. Our aim is to create a clean and clear system which brings transparency in tax collection,” he said. The Union minister said they have to keep taking precautions against COVID-19 though a third wave appears unlikely.

Article Source:- Moneycontrol

GDP to expand at 9.5% as growth impulses strong: RBI Governor Shaktikanta Das

11. November 2021 Sandeep Stock Market Research (0)

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Crediting the many measures taken by the government and the RBI for the faster-than-expected recovery so far, Das said the fiscal and taxation reforms especially have played key role in driving growth and reviving confidence.

Stating that growth impulses and the fast-moving economic indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence in the economy clipping at the projected 9.5 per cent growth this fiscal.

Crediting the many measures taken by the government and the RBI for the faster-than-expected recovery so far, Das said the fiscal and taxation reforms especially have played key role in driving growth and reviving confidence.

These measures will continue drive growth going forward. But as the monetary measures have almost reached its limits, going forward the government has to be in the forefront to drive faster growth and the central bank can continue to support to revive the economy ravaged by the pandemic.

Citing the slew of measures the government has taken since the pandemic struck in March 2020, the governor specifically mentioned tax cuts on fuels, tax resolution for the telecom sector, annulling of the retro tax legislation, sale of Air India, plans to sell some of the public sector banks and PLI scheme as the major reforms and growth-drivers bearing fruits now.

"Though soaring global crude prices and many geopolitical issues along with other global headwinds are challenges to growth, the overall growth outlook is very positive for us. I am very confident that our GDP will comfortably grow by 9.5 per cent this fiscal because all growth impulses are very strong, and the fast-moving indicators are stronger.

"Our assessment is that we are on a path of reaching the 9.5 per cent growth comfortably," Das said at a function organised by financial daily Business Standard here this evening. But there are global headwinds as advanced economies, which have recovered faster from the pandemic and had posted higher growth numbers earlier, seem to have moderated now, he noted, putting question marks on the 5.9 per cent global GDP forecast.

But there are global headwinds as advanced economies, which have recovered faster from the pandemic and had posted higher growth numbers earlier, seem to have moderated now, he noted, putting question marks on the 5.9 per cent global GDP forecast.

Given all these global GDP may undershoot the 5.9 per cent target due to shortages of semiconductors, shipping containers, and the resultant soaring freight rates, among others. But on top of all these is that many European, Asian and American countries are still fighting the pandemic, Das said, warning this should ensure that there is no room for complacency at all.

But on top of all these is that many European, Asian and American countries are still fighting the pandemic, Das said, warning this should ensure that there is no room for complacency at all.

He also based his growth optimism on the indications coming in from bankers that investment loans are making a slow come back and will pick up steam from the next fiscal.

"Our recent interaction with bank CEOs make me confident that demand for investment capital is making a slow come back and should gather momentum from the next fiscal,” he said, when asked whether he is worried that for the first time retail loan book at Rs 28.58 lakh crore – driven largely by home loans – has surpassed corporate loan book of Rs 28.28 lakh crore as of July this year.

"Loans will go where there is demand. As of now, there is great demand for housing loans for one as we are now, in the lowest interest rate regime and ample liquidity, and for another, many people are looking for more spacious homes due to the pandemic," he said.

So it is up to banks to do risk pricing very carefully in terms of sectoral allocation of their assets. Each bank has to do its due diligence and determine the risk appetite, Das noted, parrying a direct answer to the question of whether he sees any bubble in the retail books. So it is up to banks to do risk pricing very carefully in terms of sectoral allocation of their assets.

Each bank has to do its due diligence and determine the risk appetite, Das noted, parrying a direct answer to the question of whether he sees any bubble in the retail books.

The governor also discounted the fears being raised about the government being forced to infuse capital into the RBI as in the past three years it had taken out a lot of the central bank’s reserves as dividends.

One report has pegged that the government will have to infuse at least Rs 57,000 crore to maintain the over 20 per cent capital buffer that the Bimal Jalan panel had recommended.

Also Read:- [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

One report has pegged that the government will have to infuse at least Rs 57,000 crore to maintain the over 20 per cent capital buffer that the Bimal Jalan panel had recommended.

However, Das said, "This is an alarming forecast and there is no way that the government will have to infuse capital into the central bank. But we have more than four months left to close the fiscal and we will know the exact position only by the end of the year. But all I can say is that the forecast is alarming and there will not be any need for capital infusion into the bank.

This is purely speculative. Government injecting capital into the RBI will not happen as it is very alarmist and we don’t foresee such a position, he said. On the rising forex reserves to the tune being called the Dutch problem now, he said most of the forex is built through current account deficits and we are basically a current account deficit country.

"Our reserve accretion is happening through foreign capital inflows but that also makes us responsible to make adequate reserve positions. Our point is that we should not fall back into a crisis due to low forex as happened in the summer of 2013 with the Fed’s taper tantrums.

"We want higher reserves to deal with any volatility in the forex markets as happened from May through August of 2013. We should not revisit that episode. In a way CAD is good as it brings in capital from outside."

Article Source:- Moneycontrol

FM Next week, Nirmala Sitharaman will meet with the heads of PSBs to encourage them to expand lending to help the economy.

10. November 2021 Sandeep Stock Market Research (0)

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According to reports, the two-day conference will start on November 17 and will cover a wide range of topics, including progress on government programmes such as the Aatmanirbhar Bharat Abhiyan.

Next week, Finance Minister Nirmala Sitharaman will meet with heads of public sector banks (PSBs) to assess the lenders' performance and efforts in helping the economy recover from the COVID-19 epidemic.

According to insiders, banks would be pressed to grant loans for productive industries in order to speed up the economy's recovery.

The two-day conference, according to insiders, will begin on November 17 and will include a detailed evaluation of several components as well as progress on government projects. including Aatmanirbhar Bharat Abhiyan.

Apart from bankers, top officials from several ministries will attend to identify key difficulties with banks and offer methods to make the process go more smoothly.

The conference, which will be sponsored by the Finance Ministry, will include top officials from infrastructure ministries, agriculture, and related sectors.

The meeting with the MDs and CEOs of PSBs is regarded crucial because of the banking sector's relevance in generating demand and promoting consumption, according to sources.

The gathering takes place at a time when banks are launching outreach programmes to encourage lending in the productive sectors.

As of October 31, banks had sanctioned 13.84 lakh loans totaling Rs 63,574 crore through 10,580 camps organised around the country since the government's countrywide Credit Outreach Program began on October 16.

According to statistics released by the Finance Ministry, business loans totaling Rs 21,687.23 crore were approved for 3.2 lakh borrowers, while vehicle loans totaling Rs 4,560,39 crore were approved for 59,090 borrowers.

The conference is anticipated to take stock of the banking industry, as well as progress on the Reserve Bank of India's (RBI) restructuring 2.0 programme, according to sources. The redesigned Rs 4.5 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) will also be discussed.

In addition, they claimed, the Finance Minister is anticipated to assess the bad loan or non-performing asset (NPA) status and discuss possible bank recovery options.

NPAs have decreased from Rs 7,39,541 crore on March 31, 2019 to Rs 6,78,317 crore on March 31, 2020, and further to Rs 6,16,616 crore on March 31, 2021, thanks to the government's identification, resolution, recapitalization, and reform plan. crore as on March 31, 2021 (provisional data).

Also Read:- [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

The government recently informed Parliament that thorough actions were taken to regulate and effect recovery of NPAs, allowing PSBs to collect Rs 5,01,479 crore during the previous six financial years.

The finance ministry has developed a uniform'staff accountability framework' for NPA accounts up to Rs 50 crore to allay lenders' anxieties.

In order to safeguard honest bank personnel, the government has created a structure under which executives would not be prosecuted if their choices on loans up to Rs 50 crore go wrong.

According to the Finance Ministry's guidelines, the framework would only cover legitimate choices, not those containing wrongdoing or malafide motives. It lays out the specifics of how such acts of omission and conduct by bank officials will be investigated, as well as the procedures that will be followed.

The framework also provides for the resolution of such claims against bankers, saving them time and effort. The framework also provides for the resolution of such claims against bankers, saving them time and effort.

"Within six months of the account being classified as NPA, banks must undertake and execute a staff accountability exercise," the government stated. In the In the past, several senior bankers have been arrested in loan default cases.

Share Market Closing Note Sensex, Nifty end flat amid volatility

9. November 2021 Sandeep Stock Market Research (0)

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Benchmark indices ended with marginal losses in the volatile session on November 9.

At Close, the Sensex was down 112.16 points or 0.19% at 60,433.45, and the Nifty was down 24.20 points or 0.13% at 18,044.30. About 1958 shares have advanced, 1269 shares declined, and 162 shares are unchanged.

M&M, Tata Motors, Hero MotoCorp, ONGC and SBI were among the major Nifty gainers. Losers included Britannia Industries, HDFC Bank, Maruti Suzuki, JSW Steel and Power Grid.

Among sectors, auto and capital goods indices added 1 percent each, while buying is seen in the power, oil & gas, pharma names. However, metal and banking names remained under pressure. The BSE midcap index was up 0.8 percent and smallcap index rose 0.67 percent.

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Topic :- Time:3.15 PM

Just In:

India may get $1 bn FII boost post revamp of MSCI index.

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Topic :- Time:3.00 PM

Nifty is declining further and is now trading near to its important support. Nifty spot close above 18000-17980 levels will result in pull back in coming session and if it closes below above mentioned level then some sluggish movement can be seen.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 48075.If it manages to trade and sustain above 48120 level then expect some upmove in it and if it breaks and trade below 48020 level then some decline can follow in it.

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Topic :- Time:2.20 PM

Just In:

Spike in home registrations in Mumbai during the Diwali week soon after October 2021 saw property registrations hit a 10-year high.

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Topic :- Time:2.10 PM

Important Alerts:

1. M&M share price jumps nearly 3% ahead of September quarter earnings

2. TVS Motor shares hit 52-week high on plan to raise funds for EV business

3. KFC operator Sapphire Foods IPO subscribed 31%; retail investors portion booked 1.68 times on day 1

4. Crypto market value tops $3 trillion for first time

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Topic :- Time:2.00 PM

Selling pressure is mounting in the market. Nifty is not able to sustain higher levels today. Nifty spot if breaks and trade below 18000 level which is good support zone then expect some further decline in the market and if nifty manages to holds it then some quick pull back is expected in the market.

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Also Read:- [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 738.60.If it holds below 740 level then expect it to test 734 level quite soon and if it manages to trade and sustain above 740 level then some upmove can be seen in it.

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Topic :- Time:1.10 PM

Nifty is still trading in a range. Nifty spot if manages to trade and sustain above 18060 level then expect some upmove and if it breaks and trade below 18020 level then some decline can be seen in the market.

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Topic :- Time:12.10 PM

Just In:

Paytm IPO Alert: Total subscription at 34% on Day 2, retail portion booked 98%.

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Topic :- Time:12.00 PM

Nifty is trading with minor losses. Nifty spot if breaks and trade below 18040 level then expect some further decline in the market and if it manages to trade and sustain above 18080 level then some upmove can be seen in the market. Currently Nifty spot is trading at 18057.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Broader indices outrun; Sapphire Foods IPO subscribed 18% so far

2. Live news updates: 4 die in Tamil Nadu rains, parts of Chennai flooded

3. Overseas funds seek relaxations in IPO payment rules from Sebi

4. $3 trillion-strong! Crypto world hits record market cap as ether, bitcoin gain in trade

5. FPIs can invest in debt securities issued by InvITs, REITS: RBI circular

6. Britannia Industries dips 5% on margin disappointment in Q2

7. S H Kelkar and Co zooms 19% after 10% equity changes hands via block deals

8. TVS Motor soars 11%, nears record high on fund raise buzz for EV subsidiary

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Topic :- Time:11.00 AM

Stock Market Live Commentary For 09 Nov 2021:

After flat opening nifty is trading in red zone. Nifty spot if manages to trade and sustain above 18040 level then expect it to rise and if it breaks and trade below 18000 level then some decline can be seen in the market.

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M&M's stock is up roughly 3% ahead of September quarter reporting.

9. November 2021 Sandeep Stock Market Research (0)

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On October 13, 2021, the stock hit a 52-week high of Rs 970.95, and on November 9, 2020, it hit a 52-week low of Rs 610.20.

On November 9, Mahindra and Mahindra's (M&M) stock soared over 3% to an intraday high of Rs 884.50, ahead of the company's September quarter earnings announcement later that day.

According to experts, Mahindra & Mahindra may announce a 12% reduction in earnings as the sector faces issues such as a global scarcity of semiconductors and a sharp spike in commodities costs.

Raw material headwinds are likely to hurt margins, resulting in a profit after tax drop of 11-12 percent from a year ago.

Revenue is predicted to rise 7-8 percent year over year, owing to a 3% increase in both volumes and realisations.

Also Read:- [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

On November 9, Mahindra and Mahindra's (M&M) stock soared over 3% to an intraday high of Rs 884.50, ahead of the company's September quarter earnings announcement later that day.

According to experts, Mahindra & Mahindra may announce a 12% reduction in earnings as the sector faces issues such as a global scarcity of semiconductors and a sharp spike in commodities costs.

Raw material headwinds are likely to hurt margins, resulting in a profit after tax drop of 11-12 percent from a year ago.

Revenue is predicted to rise 7-8 percent year over year, owing to a 3% increase in both volumes and realisations.

[SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

8. November 2021 Sandeep Stock Market Research (0)

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Do you intend to make a stock market investment? If you answered yes, you've probably come across two types of people: stock brokers and investment advisors. Investors frequently mistake the two, despite the fact that they fulfill completely distinct purposes.

Today, we'll look at both of these entities and see what duties each of them will do for you. It is important to note that the Securities and Exchange Board of India, or SEBI, is the regulatory agency for both of these. While having a broker is required before joining the stock market, having an advisor is much more crucial. According to SEBI guidelines, an advisor cannot provide any brokerage. As a result, you must select both of them for all of your financial needs independently.

A broker is a stock exchange member who offers execution and broking services, whereas an adviser assists you with your investment by making investment suggestions based on thorough research.

Let us examine the functions of each of these entities and determine the distinctions and significance of each.

Table of Content

Stock Brokers VS Investment Advisors

What are Stock Brokers?

What are Investment Advisors?

Stock Brokers vs Investment Advisors

What are Stock Brokers and What Do They Do?

Members of the stock exchange who provide trade execution services to their clientele of investors and charge a fee for their services are known as stock brokers. Before you can start trading or investing in the stock market, you must first open a trading account with one of the stock brokers. Your broker's revenue will increase as you trade more in the market.

A body must be a member of at least one stock exchange and have a valid SEBI registration number in order to perform execution services. If a broker fails to deliver adequate services to their clients, the client can file a complaint with SEBI's grievance redress system.

What are Investment Advisors and What Do They Do?

Individuals or corporations that are not involved in trade execution can serve as investment advisors. These companies employ a staff of highly experienced market analysts and researchers that do technical and fundamental analysis on markets and then provide trading recommendations to their customers based on their findings. For offering their services, investment advisers normally charge a set fee to their customers.

To practise as a legal investment advisor, one must first register with SEBI. It is currently prohibited in India for any adviser to provide advice services without first obtaining a SEBI registration number. Sharetpsinfo is a SEBI-registered investment company. who provides research based trade recommendations to their clients in equities, derivatives and commodities.

Investment Advisors vs. Stock Brokers

Some brokers offer advice services to their clients; nevertheless, many investors prefer not to use brokers' advisory services. The reason for this is that these suggestions may or may not assist you in making a profit. They will, however, undoubtedly raise your trading volume with the broker, allowing the broker to generate more and more cash. The broker is a business that profits from every deal you do, regardless of whether you make a profit or a loss.

SEBI, on the other hand, has prohibited investment advisors from being involved in any execution service, either directly or indirectly. As a result, advisers concentrate only on giving their customers with research-based trade suggestions with the primary goal of achieving client success. SEBI maintains a close check on how these companies operate. An investment advisor often charges a flat fee to investors that is unrelated to trading volume. As a result, the trades recommended by these experts are unbiased and based on substantial market research.

Conclusion

Before joining the market, an investor must first establish a relationship with a stock broker. People, on the other hand, frequently disregard financial advisors, and here is where they fail as investors. Market research and analysis are critical to being a successful investment in the market. An investment advisor can assist you by studying markets on your behalf and making suggestions based on that information. You just need to follow their suggestions and make orders with your stock broker.

Good luck with your investments!

Disclaimer: The material provided is solely for educational purposes and should not be construed as financial or investment advice. Sharetipsinfo and its staff do not own or have any investment in any of the stocks recommended. If any recommendations are made, they are merely made for informational reasons. Although every attempt has been taken to ensure that all material is correct and up to date, unintentional mistakes or misprints may occasionally occur.

Prime Minister Narendra Modi’s COP 26 pledge sets the clock for a new industrial model at home

8. November 2021 Sandeep Stock Market Research (0)

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On November 1, Prime Minister Narendra Modi announced that India will achieve the target of net-zero emissions by 2070.

While it is two decades later than the deadline that the United Kingdom (UK) and the United States have set, and a decade later than China, Russia and Saudi Arabia, this is the first time India has set the target for achieving net-zero goals.

This is a big step forward in two ways. One, India, the world’s fourth-largest polluter after the US, China, and the European Union, has set a clock for itself and the world to make the planet’s atmosphere less toxic. Two, the Prime Minister announcing the goal on the world stage brings in an element of domestic political commitment.

In many ways, Modi’s net-zero declaration by 2070 is as much a demonstration of the government’s political intent to walk the talk on Climate Change as it is about setting a goal to conform to a global initiative.

For its part, over the last few years, India has sought to set an example in the transitioning to clean energy through a clutch of initiatives, including setting up of the International Solar Alliance (ISA), raising the domestic renewable energy target to 500 GW by 2030, creating one of the world’s largest markets for renewable energy, putting in place an ambitious National Hydrogen Mission, and continuing efforts to decouple its emissions from economic growth.

There has also been considerable progress in seeking to give access to electricity to all households.

India faces a peculiar paradox in balancing its economic growth ambitions while still being on the correct side of the Climate Change fence.

Seven years ago, on August 15, 2014, delivering his first Independence Day address as Prime Minister for the Red Fort’s ramparts, Modi gave a call to Indian entrepreneurs to adopt a ‘zero defect, zero effect’ mantra in their products — a direct reference to the need to make things without causing environmental harm.

"Our manufacturing should have zero defects so that our products should not be rejected in the global market. Besides, we should also keep in mind that manufacturing should not have any negative impact on our environment,”

Modi had said in 2014. In Glasgow, Modi coined a new acronym — LIFE, shorthand for Lifestyle for Environment — to combat Climate Change. "Today it is necessary that all of us come together as a collective partnership and take LIFE forward as a movement. It can be given an institutional framework and become a mass movement for an environmentally conscious lifestyle," he said.

While there is no gainsaying the government’s commitment towards climate-friendliness in terms of enabling policies and laws, the responsibility of execution lies squarely with the industry through collaborations with the government, civil society, and the citizenry to help India achieve its commitments.

Businesses will have to draw up a growth strategy that is timescale consistent with the response to Climate Change, water scarcity, and other global challenges.

Sustainability, the buzzword across the world today, will have to take on a new avatar, and become the soul of every organisation — business or otherwise. It is increasingly clear that sustainability can no longer be a choice but an integral part of business strategy.

Rapid innovation in new frontiers of nanotechnology, and biotechnology can potentially help produce goods that are stronger yet lighter, and more efficient than their earlier generations.

With the Prime Minister setting the goal loud and clear, it is now for stakeholders from across the spectrum to deliberate on innovative partnerships that can accelerate the energy transition, on gaps that need to be plugged to ensure energy security and industrial acceleration to achieve India’s Climate Change targets vis-à-vis COP26.

Everyone — governments, companies, politicians, and consumers — needs to act now. Avoiding the build-up of industrial and household waste is a good starting point. India’s time for a `circular economy’ has come. This has to be brought about through strict enforcement, strong people’s participation, and proactive corporate involvement.

How do we prolong the life cycle of products, recondition them, and cut down on waste generation? There are examples that India can, and needs to, draw upon.

A truly circular economy, however, would need more than a policy framework. It will also require nimble, ‘smart’ thinking.

For instance, factories that use large amounts of water should be made to take a variety of steps to save energy and improve efficiency. Using a turbine to generate power from the water used at a factory for things such as cooling, air conditioning, or for generating power at a food processing factory from biogas produced from organic waste, should be made mandatory.

Likewise, consumer durable manufacturers would have to make things keeping in mind their recyclability value. Consumers should get used to paying for the service of a product, rather than owning a product, and then dumping it later.

This is the time for industry and consumers to hold the mirror, and take a long, hard look at themselves. A fundamentally new model of industrial organisation is needed to de-link rising prosperity from resource consumption growth — one that goes beyond incremental efficiency gains to deliver transformative change, but evolves into a new B2C2C approach: Business to Consumer to Climate

Article Source:- Moneycontrol

Paytm IPO Updates | Bidding for largest ever public issue to start at 10 am - Sharetipsinfo

8. November 2021 Sandeep Stock Market Research (0)

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Bidding for largest ever public issue to start at 10 am

Subscribe in the public issue of

Paytm IPO for decent Listing Gain and Investment

Recommendation - Subscribe for Listing Gain & Investment

Issue Opens - 8th Nov, 2021 (Monday)

Issue Closes - 10th Nov, 2021 (Wednesday)

Issue Size - Rs 18300 crore at Upper Band

Price Band - Rs 2080-2150

Minimum Lot Size - 6

Minimum App Amount - Rs 12900/ at Upper End

Fresh Issue - Aggregating up to Rs 8300 cr

Offer for Sale - Aggregating up to Rs 10000 cr

Objective of the Issue

The payment services provider is going to utilise net proceeds from its fresh issue for growing and strengthening Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services (Rs 4,300 crore).

The fresh issue funds will also be used for new business initiatives, acquisitions and strategic partnerships (Rs 2,000 crore), besides general corporate purposes.

Who are Selling in IPO

Founder Vijay Shekhar Sharma will sell Rs 402.65 crore worth of shares through OFS. Among investors, Antfin (Netherlands) Holding B.V. will sell up to Rs 4,704.43 crore worth of shares, Alibaba.com Singapore E-Commerce will offload Rs 784.82 crore of shares, SVF Panther (Cayman) Rs 1,689.03 crore, and BH International Holdings will sell Rs 301.77 crore worth of shares via OFS.

Elevation Capital V FII Holdings and Elevation Capital V are going to offload Rs 75.02 crore and Rs 64.01 crore worth of shares, while SAIF III Mauritius Company, and SAIF Partners India IV will sell Rs 1,327.65 crore and Rs 563.63 crore worth of shares via OFS.

Other selling shareholders - Mountain Capital Fund L.P., RNT Associates, DG PTM LP, Ravi Datla, Amit Khanna, Prakhar Srivastava, Saurabh Sharma, Manas Bisht, Sanjay S Wadhwa, SasiRaman Venkatesan, N Ramkumar and Abhay Sharma - will offload Rs 86.98 crore of shares.

Company Promoters

One 97 is a professionally managed company and so does not have an identifiable promoter. Antfin (Netherlands) Holding B.V. is the largest shareholder in the company with 27.9 percent stake, followed by SVF India Holdings (Cayman) with 17.3 percent stake, SAIF III Mauritius Company (11.4 percent), founder Vijay Shekhar Sharma (9.1 percent), and Alibaba.Com Singapore E-Commerce (6.8 percent).

Vijay Shekhar Sharma is the Managing Director and Chief Executive Officer of the company, and the Chairman of the board. Douglas Feagin is the Non-Executive Director (nominee of Antfin (Netherlands) Holding B.V.).

Munish Varma is the Non-Executive Director (nominee of SVF), and Ravi Chandra Adusumalli is the Non-Executive Director (nominee of SAIF and Elevation Capital, collectively).

Mark Schwartz, Pallavi Shardul Shroff, Ashit Lilani, and Neeraj Arora are Independent Directors on the board.

Company Background

Incorporated in 2000, One97 Communications launched Paytm in 2009, the India's leading digital ecosystem for consumers and merchants. It is a 'mobile-first' digital payments platform to enable cashless payments for Indians. It is the largest payments platform in India based on the number of consumers, merchants, transactions and revenue as of March 2021, according to RedSeer.

Services Offered

The company offered payment services, commerce and cloud services, and financial services to 337 million registered consumers and over 21.8 million registered merchants, as of June 2021.

It provides consumers a wide selection of payment options on the Paytm app including Paytm payment instruments (which allow them to use digital wallets, sub-wallets, bank accounts, buy-now-pay-later and wealth management accounts), and major third-party instruments (such as debit and credit cards and net banking). The company also helps merchants to acquire and retain customers, and create demand, by offering services like selling tickets to customers, advertising, mini-app listings, channel and loyalty solutions.

Digital Payment - New Growth Engine

Digital payments in India has been evolving rapidly. Unique online transacting users, transacting for services such as online banking, mobile top-ups, in-store payments etc. are expected to grow from 250-300 million in FY21 to 700-750 million by FY26.

With increasing smartphone penetration and internet usage, and the proliferation of digital products and services for consumers, India’s digital ecosystem is at an inflection point. Overall digital commerce (including e-commerce, e-recharges and bill payments) in India is expected to grow over 3.3 times in the next five years to more than $300 billion in FY26 from approximately $90 billion in FY21, according to RedSeer.

Financials

(Fig in Rs cr) FY20 FY21

Revenue +3541 +3187

PAT -2942 -1701

Financial does not support the valuation but its hope and the high growth that in terms of Gross Value of Merchandise that company sells every year that is creating the euphoria.

Recommendation

Valuation remains very steep. For this valuation to sustain Paytm should remain on high growth trajectory for atleast 4-5 years.

Share Market Tips For Beginners in India | Investment Guide For Beginner| Sharetipsinfo

2. November 2021 Sandeep Stock Market Research (0)

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Well, we are not giving you stock advice tips, but, some smart share market tips, especially for beginners who have lesser understanding of the stock markets in India. Here are seven stock market ideas that you could implement.

Share Market Tips For Beginners in India

1) Never make a purchase based on rumors.

If you're new to investing, the last thing you want to do is buy on the basis of rumors. If you rely completely on them, you'll almost certainly lose money. Rumours can sometimes suggest that insider knowledge about a firm has been leaked, which can lead to insider trading.

2) Consult an expert

If you're new to investing, the greatest advice you can get is from a professional. If you're not sure about your adviser, it's advisable to question a few other individuals.

3) Put money into mutual funds.

If you don't have much experience, the greatest thing you can do is invest in mutual funds. Before investing, mutual funds receive money from investors and make educated selections. The majority of the fund managers have a thorough technical and fundamental understanding of stocks.

Also Read:- How to invest in share market for beginner

4) Concentrate on large-cap stocks.

If you wish to invest on your own, the best option is to stick to the BSE and NSE's large cap equities. This would normally comprise the Sensex's 30 equities and the Nifty's 50 stocks. These stocks have a very low possibility of almost crashing, and they tend to provide high long-term returns.

5) Invest time in mastering the market's finer points.

Spend time learning about the fundamentals of equities, such as EPS, P/E, and Book Value. This will aid you in understanding how stocks are valued in the future.

6) Stay away from trading and free market advice.

There are a number of firms that provide guaranteed tips for a certain fee. These suggestions should not be followed. You might lose money most of the time, and the firms who provide these advice do not guarantee any returns.

7) Make long-term investments. If you're unsure what to buy, stick to high-quality brands that you'll keep for a long time. It's nearly guaranteed that you'll make money in three to five years. Conclusion There is no one-size-fits-all formula for making money in stocks. Buying top quality brands and keeping them for a period of 3-5 years are two things that might help you out. There is a strong probability of success.

Sameer Wankhede wore Rs 70,000 shirt: Nawab Malik

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The NCP spokesperson also hit out at former chief minister Devendra Fadnavis, rubbishing the claim that he has links with the underworld.

Intensifying his attack on Sameer Wankhede, Maharashtra minister Nawab Malik on Tuesday accused Narcotics Control Bureau zonal director of extorting crores and using uber expensive clothes beyond the reach of an honest and an upright officer.

The NCP spokesperson also hit out at former chief minister Devendra Fadnavis, rubbishing the claim that he has links with the underworld.

If that was the case, why was no probe initiated against me when you (Fadnavis) were the CM, he added.If that was the case, why was no probe initiated against me when you (Fadnavis) were the CM, he added.

Malik questioned Fadnavis for not acting against him despite being the chief minister of the state for five years.

After Malik sought to link Fadnavis and his banker-singer wife Amruta with an alleged drug peddler, the BJP leader on Monday said he would expose his underworld links after Diwali.

Also Read:- What is the key purpose to invest in the stocks?

On Wankhede, Malik claimed the officer wore a trouser worth a lakh, a shirt costing over Rs 70,000 and watches worth Rs 25-50 lakh.

How can an honest and upright officer claim to afford such expensive clothes, he said.How can an honest and upright officer claim to afford such expensive clothes, he said.

He (Wankhede) extorted crores by wrongly framing people, Malik said, adding the NCB official had a private army to do the job. Malik claimed that Wankhede implicated people in fake cases.

Malik also claimed that since the last 15 days, there are three containers with drugs lying at the JNPT. He questioned why no action has been taken by the Department of Revenue Intelligence on this.

Article Source:- Moneycontrol

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