ACEink Official

2024-04-01 10:24:59 Here's a simpler version:

Starting from April 1, 2024, there won't be any new tax changes.

The new tax rules, introduced in 2023, are for individuals, not companies or firms.

These new rules apply automatically from the 2023-24 financial year. You'll see the effects in the 2024-25 tax assessment.

| Under these new rules, tax rates are lower, but you won't get as many deductions and exemptions as before.

The new tax regime is the default, but taxpayers have the option to choose either the old or new regime based on what benefits them.

Taxpayers can opt out of the new tax regime until filing their return for AY 2024-25. Eligible individuals without business income can choose the regime for each financial year, allowing flexibility to switch between the new and old regimes as per their preference ओपन / कमेंट

2024-03-28 14:23:54 World's fastest stock settlement begins

Only has T+0 Settlement

Today marks the start of the world's fastest stock trading and settlement service in India. Both BSE and NSE will commence trading 25 stocks under a T+0 settlement cycle, allowing stocks bought and sold between 9.15 am and 1.30 pm to be settled by the end of the same day.

This 'same day' settlement system aims to provide investors with quicker transactions and reduce market risks, freeing up funds for further trading and investment.

Here's a glimpse into the key details:

Settlement Cycle:

Under the T+0 system, stocks will be settled on the same day of trade.

Optional Nature:

The new settlement cycle will be optional for investors and will have a separate trading window, ending at 1.30 pm.

Broker Participation:

Select brokers will be allowed to offer this faster settlement service to their clients.


Additionally, each stock under the T+0 settlement cycle will have a price band within 1 percentage point of the same stock's price in the T+1 cycle, as per a Sebi circular.

This move signifies a significant step towards faster and more efficient trading in the Indian market. ओपन / कमेंट

2024-03-28 14:23:33 BSE Releases a list of stocks which will be eligible for T+0 settlement

Source: bseindia.com ओपन / कमेंट

2024-03-28 05:31:13 Top 10 Stocks to watch Today

Bharat Heavy Electricals, Adani Power: The state-owned company has secured a contract from Adani Power to establish the 2x800 MW Raigarh Phase-II Thermal Power Plant in Raigarh, Chhattisgarh, according to an exchange filing. BHEL stated that the total cost of the project, excluding GST, is estimated to be ₹4,000 crore.

IDFC First Bank: Cloverdell Investment, a Warburg Pincus affiliate, is considering divesting its stake in the private lender, IDFC First Bank. As per a report by CNBC-TV18, the company might offload its entire 2.25 percent stake through block deals on March 28. The expected offer size is around ₹1,191.40 crore, with the company planning to sell approximately 15.9 crore shares.

Dr. Reddy’s: The Hyderabad-based pharmaceutical giant has unveiled an exclusive alliance with Sanofi Healthcare India to boost the promotion and distribution of Sanofi’s vaccine brands throughout India. The alliance will encompass paediatric and adult vaccine brands such as Hexaxim, Pentaxim, Tetraxim, Menactra, FluQuadri, Adacel, and Avaxim 80U, which collectively recorded sales of approximately ₹426 crore ($51 million) according to IQVIA MAT February 2024.

Chalet Hotels: On March 27, the board of directors of Chalet Hotels approved a Qualified Institutional Placement (QIP) to raise funds up to ₹1,200 crore. In a filing to the stock exchange, Chalet Hotels stated that the floor price for the QIP is set at ₹780.76 per equity share. However, the company has the discretion to offer a discount of up to 5 percent on this price. The issue price will be ₹755 per share.

REC: On March 27, the Board of REC Ltd gave its approval for the PSU firm's comprehensive market borrowing programme, which is valued at ₹1.6 lakh crore for FY25. The Board sanctioned a market borrowing programme of ₹1.45 lakh crore for FY25, which will be executed through domestic bonds and debentures.

Alkem Laboratories: The pharmaceutical company said on March 27 that its manufacturing facility in Baddi was inspected by the US Food and Drug Administration (USFDA) from March 19 to March 27, 2024. Further, the company said it received a Form 483 with ten observations, as per a filing to the stock exchange.

Zydus Lifesciences: The company announced on March 27 that the United States Food and Drug Administration (US FDA) has issued four observations regarding the company's injectable facility in Ahmedabad. Zydus Life disclosed in an exchange filing that the US FDA conducted an inspection of the injectable facility from March 18th to March 27th. The inspection took place at the SEZ Onco Injectable manufacturing plant, as per the statement.

Bajaj Finance: Bajaj Housing Finance, a subsidiary of Bajaj Finance Ltd, has begun initial discussions with multiple investment banks regarding a potential initial public offering (IPO). The IPO is expected to value the company between $9 billion and $10 billion, in accordance with regulatory standards, as stated by three individuals privy to the matter. As per the existing regulatory timeline set by the RBI, Bajaj Housing Finance is required to list by September 2025.

Paytm: One97 Communications Ltd, the parent company of Paytm, is reportedly on the verge of bringing HDFC Bank on board as the third partner for merchant migration, according to a Moneycontrol report. Paytm has already enlisted Axis Bank and Yes Bank as merchant acquisition partners, both of which became operational on the Paytm UPI platform on March 15.

Life Insurance Corporation of India: LIC announced on Tuesday that it has received a demand notice from tax authorities for an approximate amount of ₹178 crore due to the underpayment of Goods and Services Tax (GST) spanning two fiscal years.
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2024-03-27 10:49:51 Activity for Long-Term Investors:

Create a portfolio by selecting stocks based on the investing principles of highly successful investors.

[1] 2 stocks based on Radhakishan Damani
[2] 2 stocks based on Vijay Kedia
[3] 4 stocks based on Warren Buffett and Charlie Munger
[4] 2 stocks based on Peter Lynch
[5] 2 stocks based on Mohnish Pabrai

Let's see whose strategy proves to be more successful in the long run. ओपन / कमेंट

2024-03-27 05:44:15 Top 10 Stocks to watch Today

Angel One: On March 26, the company announced the launch of a Qualified Institutional Placement (QIP) issue with a base price of ₹2,555 per share, which is approximately 7% lower than the current market price. Today, Angel One's shares closed at ₹2,750 each on the NSE, marking a 3.36% increase.

Central Depository Services (India): Standard Chartered Bank is preparing to divest its entire stake in Central Depository Services (India) Ltd (CDSL) through a block deal. The bank plans to sell 7.5 million shares, which equates to a 7.18% stake in CDSL, as per a term sheet examined by Mint. The overall value of the deal is projected to reach up to $151 million.

Aster DM Healthcare: Olympus Capital Asia Investments, a private equity firm, is expected to offload up to 9.8% of its equity stake in a private healthcare services provider via a block deal, as per several industry insiders who spoke to Moneycontrol. The block deal is estimated to be worth around $235 million, with a set floor price of ₹400 per share. As of December 2023, Olympus Capital Asia Investments owned an 18.96% stake in Aster DM.

Piramal Enterprises: The financial services division of the Piramal Group, Piramal Enterprises, announced on Tuesday, March 26, that it has made an investment of ₹2,000 crore in its wholly-owned subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), through a rights issue subscription, as per a stock exchange filing.

Adani Power: On Tuesday, the Competition Commission of India gave its approval for Adani Power's purchase of Lanco Amarkantak Power, as stated in an order by the antitrust watchdog. Adani Power intends to acquire full ownership and control of the bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), according to the CCI.

Cipla: Sanofi India and Sanofi Healthcare India have declared an exclusive alliance with Cipla for the distribution and promotion of six of Sanofi India's central nervous system (CNS) products in India. This includes Frisium, a top brand in the anti-epileptic medication category.

Shyam Metalics and Energy: In a joint venture with Natural Resources Energy (NREPL), Shyam Metalics has been granted a Letter of Intent by the Industry, Energy, Labour, and Mining Department of the Maharashtra Government. This letter pertains to a composite license for an iron ore block spanning 1,526 hectares in Maharashtra.

Wipro: Peter J. Arduini, the President and CEO of GE HealthCare, has announced that the company's India unit is set to further strengthen its position in GE HealthCare's global supply chain. The unit plans to invest ₹8,000 crore over the next five years, starting from the upcoming financial year.

GAIL (India): The state-owned natural gas company is set to commission its inaugural green hydrogen project in central India in April, according to three anonymous company sources. The green hydrogen production unit at the Vijaipur complex in Madhya Pradesh state will utilize a 10-megawatt proton exchange membrane electrolyser imported from Canada.

Wockhardt: Investment funds overseen by seasoned investors Madhusudan Kela and Prashant Jain have participated in the QIP of Wockhardt, as revealed in an exchange filing. The company confirmed the closure of the institutional share sale on Tuesday, raising ₹480 crore in the process.

ZEE Entertainment Enterprises: The company's board has set up a Monthly Management Mentorship Program designed to assist the management team in achieving key performance indicators, including the 20% Ebitda margin target set by Managing Director and CEO Punit Goenka.
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2024-03-26 12:33:56 Many people are currently asking whether they should hold onto stocks with profit or book profits, even if they consider themselves long-term investors.

My response applies to everyone considering long-term investment:

"You need your own conviction."

Regardless of advice, if you're investing for the long term, you may panic when the stock price drops.

Invest in a way that doesn't disrupt your everyday life.

Remember, long-term investment isn't solely about price; it's about understanding the business.

Ensure you have comprehensive knowledge about the company and its business growth.

Take the time to gather as much information as possible so that you're self-sufficient in your investment decisions.

Only your own research can give you conviction to hold any stock; otherwise, a price drop can lead to selling of a good business.

Disclaimer: This is not investment advice or a recommendation. ओपन / कमेंट

2024-03-26 05:36:01 Top 10 Stocks to watch Today

Religare Enterprises: The company's shareholders have rejected its plans to invest in its subsidiary, MIC Insurance Web Aggregator, and to amend the Articles of Association. Religare Enterprises had initiated an e-voting process for these special resolutions. However, the scrutiniser's report revealed that the votes in favor did not meet the necessary threshold for approval, leading to the defeat of the resolutions.

Mahindra Lifespace Developers: The company has announced plans to invest approximately ₹6,000 crore in its residential business over the next four years. This investment is part of a strategy to boost its business growth, aiming to quintuple its residential business from ₹2,268 crore to ₹8,000 crore by the fiscal year 2028. During this period, the company plans to launch projects with a total gross development value (GDV) of ₹45,000 crore.

Eicher Motors: The maker of Royal Enfield motorcycles has established a subsidiary in the Netherlands. This move comes in response to the challenges posed by Brexit in transporting parts to mainland Europe. The company is currently in discussions to set up a warehouse, possibly in Germany or France, to expedite the delivery of non-motorcycle items such as spare parts and branded merchandise.

Mankind Pharma: Beige Ltd, an affiliate of private equity firm ChrysCapital, is expected to divest up to 2.90% of its holdings in Mankind Pharma Ltd via block transactions. The shares are likely to be offered at a price range of ₹2,103- ₹2,214, as per insiders. The transaction is pegged at ₹2,460 crore, based on information from several individuals who are aware of the matter.

Adani Ports and Special Economic Zone: The company announced on Tuesday its plans to acquire a 95% stake in Gopalpur Port in Odisha in a deal with an equity value of ₹13.49 billion ($161.74 million). The acquisition will involve Adani Ports buying a 56% stake from the real estate giant Shapoorji Pallonji Group, and a 39% stake from Orissa Stevedores.

IIFL Finance, JM Financial Products: The Reserve Bank of India (RBI) has initiated the process of appointing auditors for a special audit of IIFL Finance and JM Financial Products due to regulatory violations. The central bank has released two separate tenders for the appointment of auditors to conduct special audits of these two non-banking finance companies (NBFCs).

Tech Mahindra: The IT services and consulting firm has announced plans to consolidate its wholly-owned subsidiary, Born Group, with its parent company, Tech Mahindra (Americas) Inc. This merger was approved by both entities on Friday, March 22, 2024. The Pune-based company disclosed in a regulatory filing that the merger plan for Born Group, Inc., a wholly-owned subsidiary, with its parent company,

Vedanta: The mining conglomerate has announced plans to invest $6 billion ( ₹50,000 crore) across various sectors, including aluminium, zinc, iron ore, steel, and oil and gas. The company's goal is to increase its annual EBITDA by at least $2.5 billion ( ₹20,750 crore), as stated by executives during an investors meeting.

Hinduja Global Solutions: The business process management company announced on March 22 that it has agreed to sell its optical fibre assets to its subsidiary, Indusind Media and Communications Ltd (IMCL), for a sum of ₹208.04 crore. The company stated in a stock exchange filing that it has entered into an agreement for this transaction.

Lupin: On March 22, Lupin announced its plans to segregate its trade generics business in India and shift it to Lupin Life Sciences Ltd (LLSL), a fully owned subsidiary of the company. The estimated cost of this transfer is between ₹100-120 crore. The Board of Directors of Lupin Limited approved this plan in a meeting held on March 22, 2024.
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2024-03-23 16:14:27

ओपन / कमेंट

2024-03-22 13:02:37 *Upcoming Positive Events in June :*


- *Election Results & Union Budget:* Political outcomes and budgetary announcements impact market sentiment.

- *Bond Inclusion in Global Index:* Global bond index inclusion attracts foreign investment, influencing market liquidity and yields.

- *Start of Rate Cut Cycle:* Central bank decisions on interest rates affect borrowing costs and economic growth.


- *Possible Rating Upgrade:* Signals improved economic fundamentals, attracting more investment.


Corrections in a Bull Market are Opportunities.


Disclaimer : This is not an investment advice and this is not an investment recommendation. ओपन / कमेंट