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NARENDAR MODI MEET VENTURE CAPITAL,PRIVATE EQUITY FUND A HEAD OF UNION BUDGET OF 2022

IS IT GOOD NEWS FOR STOCK MARKET OF INDIA

Prime Ministerย Narendra Modiย on Friday hosted a roundtable interaction with representatives ofย venture capitalย and private equity funds.

According to the Prime Minister’s Office, this is a part of the constant endeavour of the Prime Minister to boost the investment climate in the country, and the motive of the Friday’s meeting was to gather inputs ahead of the next budget for FY22.

“He (Modi) discussed the efforts undertaken by the government to bring in more reforms, future potential of initiatives like PM GatiShakti, and steps taken to reduce the unnecessary compliance burden,” the PMO said in a statement.


“He also mentioned the innovation happening in India at the grassroot level and the boost to the startup ecosystem,” it added.

The representatives also discussed the opportunities that are emerging because of India’s exemplary climate commitments including the ones in the sphere of energy transitions, the statement added.

The private equity funds and venture capitalists gave inputs about areas like FinTech and Financial Management, and Software as a Service (Saas).

As preparation for next year’s Budget gathers steam, Prime Minister Narendra Modi on Friday met with leading private equity/venture capital players to seek suggestions on making India a more attractive investment destination.

Discussions during the meet revolved around seeking suggestions to make it even more easier to do business in India, attract more capital, and further the reform process, official sources said.

The meeting illustrates how the Prime Minister is interacting personally with industry leaders to gather inputs ahead of the next Budget, they added.

Finance Minister Nirmala Sitharaman is due to present on February 1 the Budget for the next fiscal year that starts on April 1, 2022.

Modi had in November last year met 20 large global investors managing assets of more than $6 trillion.

Since coming to power in 2014, the BJP government has unveiled a series of reforms that has helped India climb on the global ease of doing business ranking.

It is now pushing for making India a manufacturing hub. Production-linked incentive schemes for sectors from automobiles to semiconductors and solar have been announced to attract global manufacturers to set up base in the country

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Startup news : The Latest Fascinating Styles Startup Update

Fascinating Styles Takes the World by Storm with Its Youth Fashion App!

Title: “Fascinating Styles: Redefining Fashion with Innovation, Quality, and 3D Technology”

In the ever-evolving world of fashion, where style is both an expression and a statement, one brand has emerged with a clear vision โ€“ Fascinating Styles. Established in 2022 by two visionary entrepreneurs, Guruprasad Chalva and Irfan, this youthful fashion brand is making waves with its unique approach to style, quality, and innovation.

The Birth of Fascinating Styles

Fascinating Styles was born from a shared dream between Guruprasad Chalva, a B.Tech graduate, and Irfan. With a passion for style and a commitment to delivering more than just fashion, they embarked on a journey to create a brand that would resonate with the youth of today. Their dedication and vision became the foundation of Fascinating Styles, which was officially registered as “Fascinating Styles Private Limited.”

More Than Fashion

Fascinating Styles is not merely a clothing brand; it’s a movement that believes in offering more than just fashion. At its core, it is about empowering individuals to express their unique style and confidence. The brand’s tagline, “More than fashion,” encapsulates its mission to provide clothing and accessories that transcend trends, embodying individuality and uniqueness.

Global Reach and Digital Expansion

Recent milestones have solidified Fascinating Styles’ presence in the fashion world. The launch of their official website and mobile apps on both Android and iOS platforms signifies their commitment to reaching a global audience. With deliveries extending across India and around the world, they are connecting with fashion enthusiasts on a global scale.

A Vision of Excellence

Quality and innovation lie at the heart of Fascinating Styles. Their product range, from custom clothing to fashionable accessories, reflects their dedication to excellence. Each item is carefully crafted to blend style with quality, making a statement that goes beyond seasons.

The Future of Fashion: 3D Technology

As if redefining fashion wasn’t enough, Fascinating Styles is poised to take the fashion experience to a whole new dimension. The brand is set to introduce a 3D trial room, a groundbreaking addition that will offer customers a more realistic and immersive experience. This innovation aligns with their commitment to enhancing the shopping journey and making it as unique as their fashion offerings.

Towards a Global Fashion Leadership

Fascinating Styles’ vision extends beyond just being a fashion brand; they aspire to be global leaders in the fashion industry. Their dedication to product quality, innovation, and now technology-driven experiences puts them on a path to achieve this ambition.

In the dynamic world of fashion, Fascinating Styles stands as a testament to the power of vision, innovation, and unwavering dedication. Guruprasad Chalva and Irfan, the masterminds behind the brand, are not just entrepreneurs; they are pioneers in redefining style. With their website, mobile apps, and upcoming 3D technology, they invite fashion enthusiasts worldwide to join them in a journey where fashion is indeed “More than fashion.” It’s a lifestyle, a statement, and a commitment to quality and innovation.

app links

play store :https://play.google.com/store/apps/details?id=ai.engineer.ecommerce.Fascinatingstyles

Apple Store :https://apps.apple.com/in/app/fascinating-styles/id6445839657

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45th Reliance AGM Meet 2022: New announcement, key points, and highlights

Mukesh Ambani

Reliance Jio to roll out 5G in major Indian cities by October 2022.
Mukesh Ambani addressed the shareholders via video conferencing on Jio’s website and social media handles at the 45th Annual General Meeting of Reliance Industries Limited (RIL) at 2 pm.

Reliance Industries Limited Chairman & MD Mukesh Ambani announced a 5G rollout plan – “Reliance Jio has prepared the worldโ€™s fastest 5G rollout plan. By Diwali 2022 we’ll launch Jio 5G across multiple key cities, including metro cities of Delhi, Mumbai, Chennai & Kolkata,” said Mukesh Ambani.

What is Reliance AGM Meet?



Reliance AGM Meet is a live event that addresses shareholders via video conferencing and an interactive three-dimensional (3D) metaverse zone. The event has been organized digitally for the past two years due to the Covid-19 pandemic.

Reliance AGM Meet 2022: New announcements

Reliance AGM Meet 2022: New announcements



Jio introduced the ‘world’s largest, ‘standalone’ Jio 5G services.
The length of Jio’s optic fibre is 1.1 million kilometres.
Union communications and information technology minister Ashwini Vaishnav stated that the government will roll out 5G services in India by October.
Mukesh Ambani claims that Reliance added 223K new jobs in India.
Reliance is committed to investing Rs 2000 billion investment in 5G network expansion.
Jio True 5G will have a broadband speed of 1 gigabyte per second, making it faster than many other networks.
Jio will be partnering with Meta, Google, Microsoft and Intel for cutting-edge technology and cloud data.
Jio will make India a data-powered economy, claims Mukesh Ambani.

Reliance AGM Meet 2022: Key points

In 2021, the RIL tapped into the green energy sector with a budget of Rs 750 billion.
In 2020, the company’s most crucial announcement was the installation of Google as a minority investor in the company.
Jio Book Laptop did not get launched on
Krishna Godavari Dhirubhai-6 will account for India’s 30% of total gas production.
Jio is collaborating with Qualcomm for the latest 5G adoption.

Qualcomm’s Cristiano Amon shared the stage with Mukesh Ambani and talked about the partnership for the next generation of networks.

Cristiano Amon stated that mmWave will be a critical component of 5G for enabling a broadband-like fibre experience. He also said that the 5G rollout is a top priority.
5G networks are likely to introduce first in 13 major cities such as Bengaluru Delhi, Gandhinagar, Chandigarh, Ahmedabad, Gurugram, Mumbai, Pune, Hyderabad, Chennai, Jamnagar, Kolkata, and Lucknow.

Continue reading “45th Reliance AGM Meet 2022: New announcement, key points, and highlights”
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Independence Day: Wishes from across the world as India marks 75 years of Freedom

The world leaders and celebrated individuals from across the world came forward to congratulate India on the occasion of its 76th Independence Day

France president tweeted on the occasion of 75year of independence day

Israel๐Ÿ‡ฎ๐Ÿ‡ฑ wishes on the occasion of independence day

Bill gates Microsoft co-founder Bill Gates took to Twitter and congratulated Prime Minister Narendra Modi for prioritizing healthcare and digital transformation while spearheading India’s development. He called India’s progress inspiring.

“As India celebrates its 75th Independence Day, I congratulate @narendramodi for prioritizing healthcare and digital transformation while spearheading India’s development. India’s progress in these sectors is inspiring and we are fortunate to partner in this journey. #AmritMahotsav,” the tweet stated.

Raja Chari, an Indian-American astronaut from NASA, also greeted India from International Space Station to celebrate the 76th Independence Day.

“On Indian Independence eve I’m reminded of Indian diaspora that I could see from @Space_Station where my immigrant father’s home town of Hyderabad shines bright.@nasa is just 1 place Indian Americans make a difference every day. Looking forward to @IndianEmbassyUS celebration,” tweeted Raja Chari.

Prime Minister Narendra Modi had, on March 12, 2021, launched the “Azadi Ka Amrit Mahotsav” to celebrate and commemorate 75 years of independence that started a 75-week countdown to our anniversary of independence.

India is celebrating its 76th Independence Day on August 15, 2022, and marking its 75 years of freedom.

Prime Minister Narendra Modi had, on March 12, 2021, launched the “Azadi Ka Amrit Mahotsav” to celebrate and commemorate 75 years of independence that started a 75-week countdown to our anniversary of independence.

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Indian big bull bows out

Rakesh jhunjhunwala

Veteran investor Rakesh Jhunjhunwala passed away on Sunday morning at the age of 62. Jhunjhunwala died at 6.45 am in Mumbai and was brought dead to Breach Candy Hospital, according to the reports.

He was often referred as the “Big Bull” and “Warren Buffet” of the Indian stock market.

Jhunjhunwala was a stock market trader and chartered accountant. He was also the chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.

Jhunjhunwala was the founder of India’s newest airline Akasa Air, which launched services in the Bengaluru-Kochi-Bengaluru sector from Cochin International Airport Limited (CIAL) on Friday (August 12).

He had teamed up with ex-Jet Airways CEO Vinod Dube and former IndiGo head Aditya Ghosh to set up the airline.

The self-made businessman was the son of an Income Tax (I-T) officer and is survived by his wife — Rekha — and three children.

Prime minister expressed grief over his demise. PM Modi said, “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about Indiaโ€™s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti.”

Union Minister Smriti Irani
Minister of Women and Child Development of India expressed

Here are 10 top quotes by Rakesh Jhunjhunwala that that will continue to inspire investors:

Nobody can predict the weather, death, market and women. Market is like a woman, always commanding, mysterious, uncertain and volatile. You can never really dominate a woman and likewise you cannot dominate the market

Always go against tide. Buy when others are selling and sell when others are buying

Never invest at unreasonable valuations. Never run for companies which are in limelight

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it

You do not succeed without obsession
Prepare for losses. Losses are part and parcel of stock market investor life
Growth comes out of chaos

Hastily taken decisions always result in heavy losses. Take your time before putting money in any stock

Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible

Stock markets are always right. Never time the market

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NEW ENTREPRENEUR FROM KARNATAKA KALBURGI

MR.SURESH DESAI

Mr.suresh desai owner and founder of presfour

โ€ข A Qualified Textile Engineer with over 29 years experience Drycleaning & Laundry.
โ€ข Currently designated as Operations Manager Middle East “Pressto Dry-cleaners” Doha – QATAR
โ€ข Demonstrated excellence in setting up new laundry operations.
โ€ข Adept at overseeing laundry procedures to ensure that job standards are met.
โ€ข Distinction of being rewarded โ€œJC MacLean Hotelier Award 2005โ€ as a Best Laundry Manager in Middle East and two times nominated for same award – year 2006 and 2008.
โ€ข Organising & conducting personality development programme for staff and workers and introducing multi-skill training system.
โ€ข Adept at people management, maintaining healthy employee relations, handling grievances thus creating an amicable & transparent environment.
โ€ข Owner of laundry articles regarding stain removal systems and starching different fabric materials, which are published in weekly magazines in India & Dubai.
โ€ข Enterprising Team Leader with the ability to handle large taskforces in a disciplined & organised environment as well as mentoring & motivating teams in optimising performance levels.
โ€ข Strong analytical abilities combined with skills to plan & implement novel ideas.

Mr. Suresh Desaiย before coming to his hometown Kalburagi and starting this new Laundry service Companyย has servedย the worldโ€™s best Dry Cleaners Pressto Drycleaners at Doha, Qatar as the General Manager Operations running successfully a chain of 20 Laundry Service Stations in UAE and Gulf Region for nearly 10 years.ย www.pressto.com

Suresh Desai despite offers from many Leading cities in India viz Bangalore and Mumbai chose his Home town Kalaburagi to offer the best of services in Laundry to the people of Kalburagi and the Hyderabad Karnataka Region.

I am pleased and honored to be of service to the people of my Hometown Kalaburagi through my business enterprise presfourย 

We assure you the best of services with all of your support and cooperation.

Thanking you and assuring of our best attention and service at all times

We remain

Respectfully, sincerely yours

 SURESH DESAI

MANAGING DIRECTOR

PRESFOUR LLP – DRYCLEANERS.

THEY ARE WORKING ON FRANCHISE AND MASTER FRANCHAISE

YOU CAN CONTACT THEM FOR FURTHER DETAILS

Contact

Email: presfour@yahoo.com

Contact No.: +91 636 4444 677

Address:ย # C – 15 -1ST Phase Kapnoor Industrial Estate
Humnabad Ring Road,Kalaburagi – 585104
GSTIN : 29AAWFP6377K1Z2

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    Breaking news Australian cricketer shane Warne is no more

    Shane Warne is widely regarded as one of the greatest bowlers to have played the game, having retired as Test cricket’s second most prolific wicket-taker.

    Warneโ€™s management company in a brief statement released on Friday confirmed that he passed away in Koh Samui, Thailand, of a suspected heart attack.

    โ€œShane was found unresponsive in his villa and despite the best efforts of medical staff, he could not be revived,” Warneโ€™s management have confirmed in a statement.

    Warne played 145 Tests and 194 ODIs between 1992 and 2007 and took a combined 1001 wickets during his storied international career.

    The legspinner carved a storied career during his time playing for Australia and was affectionately called โ€˜Warnieโ€™. He remained a popular figure post retirement, forging a successful broadcasting career as commentator and expert.

    Warne was the member of Australiaโ€™s 1999 ODI World Cup winning squad and also played starring roles in the teamโ€™s five Ashes title wins between 1993 and 2003.

    Post retirement, Warne famously guided Rajasthan Royals to a fairy-tale title win in the inaugural season of Indian Premier League in 2008 as their captain and coach.

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    Russia-Ukraine crisis live updates: Air India flight brings back 242 from Ukraine

    The US and EU have slapped sanctions that makes it difficult for Russia to avail western financing or access to markets. The move follows Russia recognising independence for two regions of eastern Ukraine and ordering troops to move in there. An Air India flight landed in Delhi on Tuesday night with 242 passengers from Kyiv.

    Air India special flight AI-1946 from Kyiv landed at Delhi airport with around 242 passengers at 11:30pm

    Air India flight brings back 242 Indians from Ukraine

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    why sbi cards share prices are falling

    SBI Cards shares hit 52-week low; what’s hurting the stock now

    SBI Cards and Payment Services shares fell nearly two percent to a fresh 52-week low on Friday, adding to investors’ concerns as the stock entered the sixth session of losses in a row.

    SBI Cards is due to report its financial results for the October-December period on January 24.

    For the second quarter of the current financial year, SBI Cards and Payment Services reported a year-on-year rise of 67.3 percent in net profit to Rs 344.9 crore. Its revenue, however, declined 8.1 percent to Rs 1,173.2 crore.

    The SBI Cards stock fell as much as 1.9 percent to Rs 845 on BSE, breaching its existing 52-week low of Rs 857.2, hit on Thursday.

    Prior to Friday’s fall, SBI Cards shares had declined almost four percent in five back-to-back sessions.

    Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active investors aim to buy stocks that vastly outperform the market – but in the process, they risk under-performance. Investors inย SBI Cards and Payment Services Limitedย (NSE:SBICARD) have tasted that bitter downside in the last year, as the share price dropped 13%. That falls noticeably short of the market return of around 36%. We wouldn’t rush to judgement on SBI Cards and Payment Services because we don’t have a long term history to look at. The share price has dropped 20% in three months.

    Given that the market gained 36% in the last year, SBI Cards and Payment Services shareholders might be miffed that they lost 13%. While the aim is to do better than that, it’s worth recalling that even great long-term investments sometimes

    Have feedback on this article? Concerned about the content?ย Get in touchย with us directly.

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    Rate gain ipo should you apply?

    RateGain Travel Technologies Ltd has concocted an underlying public proposition. The organization’s IPO opened on December 7 and will close on December 9, 2021. The issue size is Rs 1,335.74 crore which incorporates a new issue of Rs 375 crore and a proposal available to be purchased (or OFS) of 22.6 million value shares conglomerating up to Rs 960.74 crore. The IPO value band is set at Rs 405 โ€“ Rs 425 for each value share with one market part size of 35 offers adding up to Rs 14,875. A retail individual financial backer can apply for up to 13 parcels or 455 offers worth Rs 193,375. Up until this point, the movement and cordiality arrangements supplier’s IPO was bought in 34% on December 7, the principal day of offering. The retail financial backers’ class saw 1.87 occasions membership.

    Bhanu Chopra and Megha Chopra are the advertisers. Their holding in the organization will diminish to 56.72% after the IPO. The offers will be recorded on BSE and NSE on December 17, 2021. RateGain plans to utilize the IPO continues for reimbursement or prepayment of obligation, to make installment of conceded thought for the obtaining of DHISCO, vital ventures, securing, and inorganic development. The IPO continues will likewise be utilized to make interests in innovation development, computerized reasoning, and other natural development drives, buy capital gear for the organization’s server farm.

    RateGain Travel Technologies Ltd business

    Set up in 2004, RateGain Travel Technologies is one of the main circulation innovation organizations around the world. It is additionally the biggest Software as a Service (or SaaS) supplier in the Indian travel and accommodation industry. The organization gives travel and neighborliness administrations across various verticals like inns, carriers, online travel planners, meta-search organizations, bundle suppliers, vehicle rentals, travels, and ships. The business gives between associated items to deal with the income creation esteem chain utilizing huge information capacities and coordination. Throughout some undefined time frame, RateGain Travel extended its item portfolio to computerized reasoning and AI capacities.

    RateGain Travel conveys travel and neighborliness innovation arrangements through the SaaS stage through three specialty units; 1. Information as a Service (or DaaS), 2. Circulation, and 3. Showcasing Technology. The firm serves in excess of 1400 clients including eight worldwide Fortune 500 organizations as of June 30, 2021. The organization’s noticeable clients incorporate Six Continents Hotels, InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd.

    RateGain Travel monetary execution

    A brief glance into RateGain Travel’s three-year financials uncovers a lopsided pattern. Indeed, even its top line hasn’t showed a rising pattern over years. In FY2020, its income became 67.8% to Rs 457.61 crore from Rs 272.7 crore in FY2019. Notwithstanding, the income dove 42.3% in monetary 2021 to Rs 264.09 crore. For an organization set up in 2004, it doesn’t look great. The equivalent has happened to its primary concern. The organization’s benefit after duty (or PAT) was Rs 11.03 crore in FY2019 with a PAT edge of 4%. In any case, the organization experienced a substantial misfortune in the resulting years. RateGain announced a total deficit of Rs 20.1 crore and an overal deficit of Rs 28.6 crore in FY2020 and FY2021 separately.

    Profit and loss proof

    Happy investment