Bullets

Remember the seagull scene from Finding Nemo? Now replace the fishes with Vedanta Group and the seagulls with domestic banks. This newfound fame is the result of a proposed ₹1.54 lakh crore semiconductor manufacturing unit.🤑

Although the manufacturing unit will belong to Volcan, Vedanta's holding company, Vedanta stock prices have seen some major volatility this past week. The prices went from ₹277 to ₹318📈, only to fall back to ₹280 following the clarification of the JV📉.

Adani Group has edged closer and over the Tata Group as the most valuable business conglomerate in India. The nation that took every word with a grain of "Tata Salt" is now going to be "Fortune-ate" with oil.🤭

Tata Group, which had a listed market cap of ₹20.72 lakh crore, was left in the dust as Fortune's listed market cap achieved ₹20.86 lakh crore. Adani seems ready to beat competitors in a race of valuation, even with possibly hollow claims.😏

TCS cannot seem to catch a break! It was recently declared the most valuable brand in India, but soon after, as it wanted to implement hybrid working into its timetables, the employees seemed to demand a different schedule.

The millennial employees moved back to their hometowns to make living affordable during the pandemic. However, when it comes to returning to work, these same employees want to pull a move they got familiar with during the pandemic, ghosting.

The "IPO Fever" that Covid-19 brought seems to be fading! As many as 19 companies are approaching deadlines for the IPO application that lasts for a duration of one year. IPOs worth ₹24,000 crore might go dark if these companies meet their deadlines.☠

Market instabilities are one of the reasons why companies seem to be retracting from approaching the public📉📈. Another reason seems to be cautious investors that look into the company's performance and management🔍.

📈Whoever said that life has its ups and downs was probably predicting Gautam Adani's net worth in 2022!📉

The richest man in Asia knocked Jeff Bezos from his position as the second richest globally, with Adani's net worth touching ₹12.36 crore today.🥊🤑

However, he soon lost this position to French businessman Bernard Arnault as Sensex lost close to 1000 points and shrunk Adani's wealth. What good is beating a rival if it doesn't improve one's position in the race?🤔😂

Edtech company Byju's reports a loss of ₹4500 crore for FY2021.📉 Audit reports released by the edtech giant revealed that its losses had increased by over 13 times (talk about 13 being unlucky)!👀

This audit report was released after being delayed for months, like a student trying to hide a bad report card.😂

All we need now, is someone to call and harass Byju's like their teachers salespeople do to parents & students they want to sell their classes to...🤔

Vedanta, the multinational mining company seems to have struck the goldmine of deals as it enters into a 60:40 Joint Venture with Taiwanese electronics manufacturer. Foxconn. The partnership is aimed at reducing the cost of semiconductors that go into various electronic products.

With domestic manufacture of silicon parts, import duty on the same would go down, reducing the final price of various electronic products. My time to show off fruits on my phone might finally be here soon!🤑

The Right to Information act has taken the inspection and risk assessment report under the purview of information that needs to be made available to the public domain.

HDFC Bank, SBI and PNB have been the financial organisations most displeased by this decision, vocally opposing it. The banks cited a breach of the Right to Privacy of their lenders and customers.

Are the banks more worried about their shady trades being exposed or the loss of data to sell?🤔

Google is considering India as its next manufacturing region as it uproots itself from China. The decision to move came as a result of geopolitical tensions around China and supply chain shortages as an aftermath of Covid-19.

Pay attention to the fact that India is being considered. Taiwan and Vietnam are also eyeing the high fruit. If these two are as welcoming of sweatshops as China, India might need more than the PLI scheme to attract Google.

According to SEBI guidelines on investment advice, Algo traders are now illegal.❗ The market regulator has applied stringent laws on advisors that use algorithms as their research tools.🤖

SEBI is finally waking up to the miss-selling problem prevalent in the stock markets. I guess the in-game ads promising hundreds against just $10 were a lie, after-all.🎮 Makes you wonder how such blatant lies get through the regulators. 🤔

The Directorate General of Foreign Trade has moved broken rice from the "free" list to "prohibited". Other grades of rice will face a 20% export duty levy. The stringent laws are to avoid excess exports and a resultant shortage.

The heatwave faced by the Indian farming industry has stunted the production of the largest exporter of rice globally. Rice, a staple of many struggling countries, is soon to go into short supply as India deals with its own shortages.

Gautam Adani, Asia's richest man is $6 billion away from becoming the 2nd wealthiest person on the planet. A stock surge of around 1000% in Adani Transmissions and Adani Entreprises Ltd. is responsible for this uptick.📈

FitchGroup's Creditsights shed light on errors in the two debt reports of Adani Groups' transmission companies, but the stock prices do not seem to have reflected any change for the same. How strong of an influence do you need to be this untouchable?🤔

Tata Sons Ltd must be feeling the pressure of revival as it looks to raise as much as $4 billion through a mix of equity and hybrid debt to make Air India operations efficient.😬

Was the criticism of already running 2 unprofitable joint ventures with Singapore Airlines & AirAsia Group so bad that the big brains are ready to get indebted? And to what end? Just to prove the critics wrong?🤔

Founded in 2015 1mg has received $40 million dollars of funding from Tata Digitalraising its stakes up to 62.97%. Tata Digital, which acquired 1mg in 2015 is helping them to give striking competition coming from Reliance’s Netmed, PharmEasy & Curefit.

What ailment bugs Tata for this increased interest in pharma? Is Tata clouded by the fear of falling behind? Is 1mg increasing its dosage of profits? Or is Tata following its penchant for welfare with easier access to meds?

SBI Mutual Fund acquired over 1.07 lakh equity shares in the company via open market transactions on Sept 1, increasing the stakes to 5% from 4.98% earlier.

Is SBI's MF customer base falling so hard that it requires an attempt to steal customer attention towards it, but at what cost? How long does this repeated investing continue? Do they really hope that such a cost to them will increase the base & help them regain populace?

From ease of opening Demat accounts to educating people about investment habits, many IPO lined up, to bounce-back of the share market, all sums up how 41 million investors climbed to 100 Million in almost 3 years.

Showing such humongous numbers will help achieve a new user pool. Is that how the FM wants to show-off India as an advanced economy? You never know if it is really 100 million or a mere duplication which surged the numbers.

Morgan Stanley Asia (Singapore) purchased 9,41,557 shares at ₹2,290, taking the transaction value to ₹215.61 crore of Indian listed cement company ACC Limited (ACC). Synonymous with cement, ACC is a leading player in the Indian building materials space, with a pan-India operational and marketing presence.

Remember the Adani-Holcim Asset deal in a race to become an ‘ACC’e of the cement industry? It appears the outsiders are all buckled up & built the nerve to challenge Asia’s richest man.

Reliance Power & its subsidiary entered into an MoU with Varde Partners availing debt of up to ₹1,200 crore "for settlement, discharge, acquisition or restructuring of certain financial debt."

The a‘NIL’ factor has turned its way around & brought a golden smile of relief for Anil Ambani as FII buying have worked its magic; post announcement, Reliance Power prices jumped on Monday by 9.91% at Rs 23.30 a piece on the NSE.

Cafe mogul Starbucks declares Laxman Narasimhan, as its latest CEO. Laxman, an Indian-American business executive, has had prior experience with brands like PepsiCo and the consumer arm of Reckitt Benckiser "under his belt". For some reason, his management of the contraceptive brand Durex has come to limelight with his recent change in company.

Automobile boss Anand Mahindra congratulated Laxman on the change of station. As impermeable as Durex may be, Laxman Narsimhan will forever be "the one that got away".

Zomato plans to begin intercity deliveries with its brand new Intercity Legends segment. CEO Deepinder Goyal mentioned in his blog that the new model has great scalability. The intercity orders will be tackled using flights and mobile refrigeration units.

The program's pilot phase will create its initial footfall in the South Delhi cities like Gurugram. The food delivery platform plans to rapidly expand its geographical reach.

Let's hope there are no plane crashes due to rushed deliveries! ✈💥