Finlight

2021-02-28 09:17:13 India exit Technical Recession in December quarter, GDP grows at 0.4%

The economy grew a modest 0.4% in the October-December quarter. India is only among few countries who have shown positive growth. This counties are China, Taiwan and Vietnam.

Whereas, According to Economic Times survey of economist had estimated a median 0.32% growth in the fiscal third quarter. Open / Comment

2021-02-27 08:24:49 Starlink, SpaceX owned satellite broadband service will be launching in most, if not all regions of India, next year.

The Starlink kit includes phased-arrayed, satellite dish, a tripod and a Wi-Fi router.
Company is accepting pre-order for $99(roughly between Rs. 7k-8k)

Starlink satellite broadband service could provide stiff competition for the fiber broadband and wired broadband players in India including big players as well as small broadband player. Open / Comment

2021-02-25 08:02:22 Everything You need to know about Debentures -

In simplest language, a Debenture is a document given by a company as evidence of debt to the holder. Debentures are part of debt capital.

The face value of Debenture is Normally higher than that of shares. It is ₹100 or in multiples of ₹100.

A fixed rate of interest is agreed and paid periodically. It must be paid by company irrespective of the fact, Whether the company makes profit or not.

Debentureholder did not have voting rights as they are creditors of company.

Like shareholders, debentureholder also get 'debenture certificate'.

Debentures can also get converted into equity shares after specific period of time if debentureholder wish to do it. Open / Comment

2021-02-23 07:31:26 Cheif financial officer (CFO) of vedanta, G R Arun Kumar has resigned on Monday.Details of new CFO is yet to be announced.

In statement company said, Kumar want to pursue his career outside the group and recognised Kumar's contribution towards the company’s growth and its transformation journey during his tenure of close to eight years.

Vedanta is a leading producer of oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power. Open / Comment

2021-02-23 07:20:18 Some relief to consumers from West Bengal, Assam, Rajasthan and Meghalaya as state cut down VAT on fuel.

Among the four states, Meghalaya has announced the biggest cut of Rs 7.40 a litre on petrol and Rs 7.10 on diesel. Rajasthan was first to cut down VAT.

A litre of petrol and diesel costs about Rs31-Rs33, while the rest of it is central and state taxes. Open / Comment

2021-02-22 08:20:57 Mamaearth runed by Honasa Consumer Pvt Ltd (HCPL) had crossed ₹500 crores in revenue.

Strong demand led by Tier 1 and Tier 2 cites has helped mamaearth to acheive this milestone.

Moreover it is also looking forward to hire 200 people across various roles this year as business grows at rapid pace.

CEO Varun Alagh said, Mamaearth had growed 400% plus last year and revenue of ₹1000 crore is company's next goal. Open / Comment

2021-02-21 09:15:07 Two not so common terms in stock exchange or in stock market -

1. Stag -
A stag is a member who buys new issues of securities from primary market and sell them later at higher prices, when the securities are listed on stock exchange.

2. Lame Duck -
A lame Duck is a bear broker whose expectations have gone wrong and makes a loss in his dealings.
In simple words, He had expected the price of securities to fall (so he sold securities) but instead, the prices have gone up. Open / Comment