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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 world’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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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 India’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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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 in SBI Cards and Payment Services Limited (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

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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 – 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

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From selling snacks on the street to building a multi-billion-dollar empire

Ganga Bhisen Agarwal, affectionately known as Haldiram by her mother, started The Haldiram Empire in 1937 before India gained independence.

He was born into a Malwadi family in Bikaner and married Champa Devi.

He started out selling Bhujia, as per his aunt’s recipe in his father’s namkeen and snacks shop.However, he and his wife later fled home owing to a family quarrel.Later he started by selling on the street mong daal namkeen prepared by his wife.

Haldiram opened his first business in Bikaner in 1946. He began selling his Bikaneri Bhujia there. He recreated the Bhujia by including moth flour and made it thinner. His sales and income improved dramatically because of all of these adjustments.

Later on, Haldiram attended a wedding in Kolkata, and only he got the idea to set up his shop there.With this step, the first branching out of the Bikaner Bhujia business was started.

Haldiram’s sons and grandsons joined him in the family company, which he later grew to greater heights.Moreover, as the corporation grew, a disagreement arose among his younger generation over the Haldiram empire’s geographical and trademark rights. Moolchand, Rameshwar Lal, and Satidas, his three sons, are currently operating under Haldiram, Bikaji, Haldiram’s Nagpur, Haldiram Bhujiawala, and others.
From 1985, Shiv Krishan Agarwal, Haldiram’s grandson, and the previous CMD began working on the company’s expansion.

They increased the shelf life and packaging of the products to international standards.
In 2003, the company began the process of developing convenience foods to be marketed to consumers.

Haldiram’s portfolio now includes over 70 different namkeens and snacks and sweets, beverages, frozen meals, and quick-service restaurants.

There are about 400 items sold at Haldiram’s. Namkeens, western snacks, Indian sweets, pastries, sherbets, and pickles like Gulab jammun and bhujia, papadum, are among the company’s offerings.Nagpur, Delhi, Kolkata, and Bikaner are the main manufacturing locations.

Haldiram operates a retail chain and several restaurants in Nagpur and Delhi.Haldiram’s products are currently shipped to Sri Lanka, United Kingdom, United States, Canada, the United Arab Emirates, Australia, New Zealand, Japan, Thailand, and other nations worldwide. Foreign food businesses must go to Desi to succeed in the Indian market, no matter how big they are.Whether it’s McDonald’s which added Burgers such as Mac Maharaj or the establishment of a Subway Jain counter in Ahmedabad, the company’s first all-veg location.

As per the Brand Trust Report, Trust Research Advisory in 2014, Haldiram’s was placed 55th among India’s most trusted brands.Haldiram’s also just announced an exclusive master franchisee collaboration with Brioche Doree, the world’s second-largest bakery business.

Haldiram has never invested much in marketing and promotion to expand the brand. They grew their business mostly through word of mouth.But, due to fierce rivalry, they learned the value of marketing and advertising and began to attract their attention.

A fascinating point to notice is that, like Ganga Bhisan of Bikaner, Keith Kellogg of Michigan in the United States invented a culinary item more than a century ago: corn flakes.

Haldiram’s sales in 2019 surpassed the $1 billion mark.

Haldiram’s goods are presently sold in more than 80 countries throughout the world.
Haldiram’s a hidden jewel of the Indian food industry is today bigger than Hindustan Unilever’s packaged food division.

This article is expressed by :Abhijit chokshi

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Mukesh Ambani new start up journey

Reliance Industries, India’s most successful company, is aiming to lead the digital revolution in India, thus the company is looking towards startups for technology, talent, and innovative solutions

As Reliance Industries, India’s most successful company is aiming to lead the digital revolution in India, thus the company is looking towards startups for technology, talent, and innovative solutions. In 2016 Mukesh Ambani’s Reliance Industries took a bold step regarding this and decided that its Reliance Jio arm, which was then the Reliance very own startup would set aside an Rs. 5,000 crore venture capital funds to encourage entrepreneurs to build businesses of the future. A year later, at the company’s 40th annual general meeting, Mukesh Ambani again confirmed his commitment to entrepreneurs and startups and said that Reliance has become known in the past 40 years as a company that won the trust of millions of retailers. Mukesh Ambani aspires to make Reliance an enterprise with lakhs of partners and an enabler of a large ecosystem of entrepreneurs. Today Reliance Industries has established itself as India’s most valuable company and is also an enabler of the Indian startup ecosystem. It has stepped up its engagement with startups through outright acquisitions, partnerships, or equity stake purchases.

Mukesh Ambani has been involved in big start-up investment, and in the last three years, he has invested in 23 companies. These firms belong to varied fields which include content production houses to music apps to cable networks to online medicine space. Here are the year wise investments made by the company. By reaching out to startups, Ambani is also taking direct competition with other large tech platforms as it looks to provide more services to its 388 million subscribers. One of the most popular Chinese company Tencent which owns the ubiquitous messaging platform WeChat has invested in over 800 startups, mostly in its home market. Some of these companies, like the food delivery platform Meituan Dianping and the social commerce platform Pinduoduo, have leveraged WeChat to now become China’s most valued companies. RIL’s move could potentially help M&A activity among startups, especially the deals of $100-200 million. One of the biggest problems that startups in India suffer from is that local corporates are not interested in acquiring or investing in local companies, but the size and scale of RIL’s ambition can change the mentality and start the flywheel of M&As. 

In order to boost product offerings of its subsidiaries, Reliance Industries Ltd (RIL) has made several acquisitions and investments in the past three years which involves Reliance Jio Infocomm Ltd and Reliance Retail Ltd, among others. The investments made by Reliance can be divided as follows:

RIL has put in $566 million in media and education.

$194 million in retail, $1.2 billion in telecom and internet firms.

$100 million in digital and $391 in the chemicals and energy space

The details of the investments made by Mukesh Ambani are as follows:

Embibe

In April 2018, Reliance Industries had invested $180 million in the Edtech startup Embibe over a period of three years. The investment helped Reliance acquire a stake of 72.69 % from Embibe’s existing investors. In April 2020, Reliance again funded the Bengaluru-based startup with Rs 500 crore from Reliance Industries. Embibe is an education platform that uses data analytics to deliver personalized learning outcomes for students. It targets students across K-12, higher education, professional skilling, vernacular languages, and all curriculum categories across India and abroad. With AI stacks focussed on content intelligence and automation, behavioral recommendations, and student intelligence.

Fynd

The fashion e-commerce platform Fynd was founded in 2012 by Farooq Adam, Harsh Shah, and Sreeraman MG. Fynd functions via an offline-to-onlineO2O model and directly sources products across various categories such as clothing, footwear, jewelry, and accessories from prominent brands in India. Fynd focuses on sourcing products from the outlets nearest to the customer to optimize delivery time. It has about 8,000 outlets on board for about 500 clients. RIL acquired a majority stake in Shopsense Retail Technologies Pvt. Ltd which runs fashion portal Fynd for Rs 295.25 crore ($41.9 million).

Saavn

On March 23, 2018, RIL announced a strategic merger of its digital music service JioMusic with the music platform Saavn. RIL acquired a 75-80 % stake in the merged entity. The combined entity is valued at over $1 billion, with JioMusic’s implied valuation at $670 Mn and Saavn with a valuation of $330 Mn. RIL stated that the integrated business will be developed into a media platform of the future with global reach, cross-border original content, an independent artist marketplace, consolidated data, and one of the largest mobile advertising mediums in India.

Netmeds:

On August 19, 2020, Reliance Industries Ltd has acquired a majority stake in online pharmacy Netmeds for about $83 million (Rs. 620 Crore) in cash, days after e-commerce giant Amazon.com Inc launched an online drug sales service in India. The investment represents 60% holding in the equity share capital of Vitalic Health and 100% direct equity ownership of its subsidiaries – Tresara Health Private Limited, Netmeds Market Place Limited, and Dadha Pharma Distribution Pvt Limited.

Den Networks, Hathway Cable and Datacom

Apart from getting bigger in the digital entertainment market, Reliance Jio in bought a majority stake in Den Networks and Hathway Cable and Datacom in October 2018. Jio acquired a 66 % stake in Den Networks with a primary investment of Rs. 2,045 crores and a 51.3 % stake in Hathway Cable and Datacom with an initial investment of Rs. 2,940 crores.

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Trade less more money

India’s No. 1 brokerage company owner nithin kamath what he said?

Trading actively is the toughest way to make easy money in life, unlike what most people think. Also, it can be quite stressful & stress can snowball.

To trade well, you need to trade less—both no of trades & capital. -nithin kamath ( zerodha co- founder)

This just made me realise—once again—that nothing is more important than good health and leading a stress-free life

The key to leading a stress-free life is to get rid of all the unnecessary sources of stress, which we artificially impose on ourselves. No points for guessing – active trading is one. Active trading is a serious source of stress, and unfortunately, no one talks about it

Most folks trade for the heck of it. Common reasons include ‘I don’t want more, even if I can make enough for daily expenditure that’s good enough for me’. And their daily expenditures include their daily cigarettes—the irony 😐—and tea expenditures

It starts with this premise and then quickly escalates to betting their house on Bank Nifty. Yes, you can risk manage and put a stop loss to your trade 🛑

But unfortunately, there is no stop loss to the financial stress and the impact on your cardiac health from active day trading. Every time a trade goes against your position, knowingly or unknowingly you are under stress and this can affect your health

The question you need to ask yourself is – is it worth it? Yes, the capital market is a serious source of wealth creation and everyone in this day and age should have exposure to markets. But there are many ways to do this smartly without taking on stress

For example- make long term investments via mutual fund, outsource your stress to a professional who knows how to deal with this. It does not make any difference if you trade and generate 10% or if a fund manager does it for you

Or if the stock market is what rocks your boat and you feel ‘compelled’ to trade, at least stick to positional trades where you have the luxury of time to think and plan without taking on stress

Or if you like trading actively, at least make sure you have the ability to realise when to cut and get out. Your time is probably better spent in doing things where you have an edge

So before you decide to take a plunge into trading actively, just don’t think about the monetary risk factors, think about the financial stress and the long term impact on your well-being. Stay healthy, stay stress-free.

Source Twitter : nithin kamth post

Explained by karthik rangappa
(author : Zerodhavasity)

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5 Multibagger stocks in upcoming decade

Potential Stocks to hold for long term

Top 5 potential stocks hold for long tert with reason

Which 5 Indian stocks are most likely to get a return in 2021-22, and why?
1.Reliance industries

Reason: this industry have lots of future plans like retail stores and go gas oil business and communication community all other

2.Tata power

Reason: as we know in future there is a electric vehicles trend so tata power is largest power company in India it is going to be place lots of power station required to India and much more plans in future

3. Pi industry

Reason : this company products like fevikwik, FEVICOL, m-seal, Dr fix it many others products are in market there is no competition to these products as of now and in future also and now this shares is down by 10 % from high it is good to buy in dip

4. Asian paints

Reason : in paint company this is multinational brand and good product

5. United’s spirit

Reason: this is wine company in India it has 70% wine brand own by this company only and by price action view this gave breakout of 6+ break out I hope it’s multi bugger stocks in future

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Price action is more better for trading?

Hi every one,

What is price action?

  • Price action is the movement of a security’s price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.

Key take away for price action

  • Price action generally refers to the up and down movement of a security’s price when it is plotted over time
  • Different looks can be applied to a chart to make trends in price action more obvious for traders.
  • Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are calculated from price action and projected into the future to inform trades
Continue reading “Price action is more better for trading?”
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Average time to became profitable trader

Hi Traders/Investors,

Before I answer this question, I want to share a caution!

“Successful Trading is not a destination, and it is a journey”

Every day we need to work hard to get success in trading. Each day and each trading opportunity is unique in the market.

Whenever I thought I know everything in the market, the next day, the market slapped very hard on my face (with a big fat loss) to indicate it is supreme.

What I do became a profitable trader ?

How long does it take to be a successful day trader?
You can see the journey of one year of one of my student’s below. Success in trading takes time, a lot of it.



It is only when you venture into this journey, your limits will expand. There is no time limit, there are only phases and you must not stay there, you must go beyond them.

You need to venture to the edge of your limits, are you?

If not, what’s stopping you?

These are the questions to ask yourself if you want to be a successful trader. You can not hope things will change for you on their own because they won’t. Nothing changes until you take the first step. The rest will follow as you push

A decade back, when I was struggling to make some profits in intraday trading, I had an opportunity to meet one of the famous traders who is also a great investment advisor in India.

During my conversation with him, he was very skeptical about intraday trading, and he said he always prefers to take positional trades and long-term bets.

He said, “In the long run, intraday trading doesn’t work!”. It was a devastating statement for me as I wanted to become a successful day trader.


After many years, I got an opportunity to meet him once again. This time I was equipped with results and proofs of success



“Successful Trading is not a destination, and it is a journey”

Every day we need to work hard to get success in trading. Each day and each trading opportunity is unique in the market.

Whenever I thought I know everything in the market, the next day, the market slapped very hard on my face (with a big fat loss) to indicate it is supreme.


I must admit some of the facts about my trading:

I don’t belong to the 90% accuracy trading category. From an analysis perspective, I will get 80-90% accuracy. But in practical trading, I only get 50-60% accuracy. However, I only look for good risk-reward trades (a minimum of 1:2). Hence, it is quickly covering up the losses and turns into a profitable business.
I do take successive losses in my trading, and these losses are painful. However, I have strong money management rules and hence don’t lose much money when I fail. I take a break from the market when I get successive losses in my trading.
I feel high when I make a big profit on any trade. From my past experience, I have realized that whenever I made a big profit, I will feel high, and the next day I will lose money in trading. Hence, I will take a break for 1-2 days whenever I make a big profit on any trading day.
Even though I am an intraday trader, sometimes, I don’t get trades for a couple of weeks (or I am interested only in high profitable trade setups). On all the other days, I am happy to sit and watch the market without doing anything.
I still face problems whenever I try all trading types (like intraday, positional, and investment). Hence, I have restricted my trading activities to positional, and very rarely, I opt for intraday trades.

Hope you all have understand. Happy investing and trading