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Long read! And lots to uncover.

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A cognitive-scientific perspective on Christopher Alexander. My presentation at the Building Beauty Nature of Order webinar โ€” video and tran...

https://stefanlesser.substack.com/p/finding-meaning-in-the-nature-of

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hariom

INDMoney

a year ago

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Personal Finance on

by steppenwolf

Stealth

[Long Read] Complete Technical Analysis of SBI - Big Buying Opportunity ?

Here is the link - https://share.gvine.app/d85jqVYD85t9hqCSA I made that post on a whim. I added this here just to let you know that i have SKIN IN THE GAME. I know the ***t i am talking about and i am not going to be just blabbering. This is going to be a long read. India is at the cusp of doing something very special and there is an opportunity to makeย  massive wealth in the next 2 decades. I feel every working professional should look up to equities and get educated if possible.ย  If you have no idea of technicals, read this with an open mind, it might give you a new perspective. Technical analysis has a lot more to it than whatever you see normally on YT. Many fundamental guys say that technicals are mumbo jumbo and it doesn't work. I know someone with over 100 cr of trading account who has built his career using both. I also know someone(Not directly but through someone) with 3000 crore ++ total portfolio and he uses technicals as well. It does work in the market it's just that you should know how to use it. ---------------------------------------------- SBI has a very interesting Long term Structure developing. Here is how i am looking to go long in this Counter. [WEEKLY TIME FRAME]. If you see on the chart there are 2 trough points (curve marked in blue). First curve low point was at 500, 2nd curve low point was at 550. This is a volatility contraction. Volatility decreases, leading to smaller price swings. During 2nd price swing (B) look at the dip in volume when price moves lower. Supply is getting absorbed. The seller was not able to push the price lower and the stock bounced back again. Contraction gets smaller and smaller, sellers are losing control. (There is so much to explain about VCP but i will have to deviate from the topic. I cannot emphasize enough how much money i have made trading this VCP and combining it with other filters . Look into it.) cont. REST OF THE ANALYSIS IS IN THE COMMENT SECTION.

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News Discussion on

by NewsAnchor

Grapevine

The Morning Vine: News for Your Office Commute ๐Ÿ“ฐ

๐Ÿ. ๐–๐š๐ฅ๐ฆ๐š๐ซ๐ญ ๐„๐ฑ๐ž๐œ ๐’๐š๐ฒ๐ฌ ๐ˆ๐๐Ž๐ฌ ๐…๐จ๐ซ ๐…๐ฅ๐ข๐ฉ๐ค๐š๐ซ๐ญ ๐€๐ง๐ ๐๐ก๐จ๐ง๐ž๐๐ž ๐‚๐จ๐ฎ๐ฅ๐ ๐“๐š๐ค๐ž ๐‚๐จ๐ฎ๐ฉ๐ฅ๐ž ๐Ž๐Ÿ ๐˜๐ž๐š๐ซ๐ฌ Walmart is planning IPOs for Flipkart and PhonePe within the next 2 years; Walmart may prioritize the IPO of PhonePe over Flipkart, as PhonePe is a leading digital payments platform in India. Flipkart and PhonePe are expected to become $100 billion businesses, helping Walmart double its foreign sales to $200 billion. PhonePeโ€™s operating revenue surged an impressive 77% to INR 2,913.7 Cr during the year under review from INR 1,646.2 Cr in FY22. On the other hand, Flipkart saw its operating revenue near the INR 15,000 Cr mark in the year ended March 31, 2023. The marketplace armโ€™s operating revenue zoomed 42% to INR 14,845.8 Cr in FY23 from INR 10,477.4 Cr in FY22. This dual IPO chess game could redefine how global giants navigate India's regulatory chessboard and value creation timelines. ๐Ÿ‡ ๐™›๐™ค๐™ง ๐™๐™๐™ค๐™ช๐™œ๐™๐™ฉ: ๐™„๐™จ ๐™’๐™–๐™ก๐™ข๐™–๐™ง๐™ฉ'๐™จ ๐™‹๐™๐™ค๐™ฃ๐™š๐™‹๐™š-๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™„๐™‹๐™Š ๐™จ๐™ฉ๐™ง๐™–๐™ฉ๐™š๐™œ๐™ฎ ๐™– ๐™ข๐™–๐™จ๐™ฉ๐™š๐™ง๐™˜๐™ก๐™–๐™จ๐™จ ๐™ž๐™ฃ ๐™ฉ๐™ž๐™ข๐™ž๐™ฃ๐™œ ๐™ค๐™ง ๐™– ๐™ฉ๐™–๐™˜๐™ž๐™ฉ ๐™–๐™™๐™ข๐™ž๐™จ๐™จ๐™ž๐™ค๐™ฃ ๐™ค๐™› ๐™š-๐™˜๐™ค๐™ข๐™ข๐™š๐™ง๐™˜๐™š'๐™จ ๐™ฅ๐™ก๐™–๐™ฉ๐™š๐™–๐™ช๐™ž๐™ฃ๐™œ ๐™ข๐™ช๐™ก๐™ฉ๐™ž๐™ฅ๐™ก๐™š๐™จ? ๐˜ผ๐™จ ๐™๐™‹๐™„ ๐™ฉ๐™ง๐™–๐™ฃ๐™จ๐™–๐™˜๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™จ๐™ค๐™–๐™ง ๐™ฅ๐™–๐™จ๐™ฉ $1 ๐™ฉ๐™ง๐™ž๐™ก๐™ก๐™ž๐™ค๐™ฃ, ๐™‹๐™๐™ค๐™ฃ๐™š๐™‹๐™š'๐™จ ๐™ฅ๐™ช๐™—๐™ก๐™ž๐™˜ ๐™™๐™š๐™—๐™ช๐™ฉ ๐™˜๐™ค๐™ช๐™ก๐™™ ๐™ง๐™š๐™˜๐™–๐™ก๐™ž๐™—๐™ง๐™–๐™ฉ๐™š ๐™›๐™ž๐™ฃ๐™ฉ๐™š๐™˜๐™ ๐™ซ๐™–๐™ก๐™ช๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™œ๐™ก๐™ค๐™—๐™–๐™ก๐™ก๐™ฎ. ๐™”๐™š๐™ฉ, ๐™ฌ๐™ž๐™ฉ๐™ ๐™๐™ก๐™ž๐™ฅ๐™ ๐™–๐™ง๐™ฉ'๐™จ ๐™™๐™š๐™ก๐™–๐™ฎ๐™š๐™™ ๐™„๐™‹๐™Š, ๐™–๐™ง๐™š ๐™ฌ๐™š ๐™จ๐™š๐™š๐™ž๐™ฃ๐™œ ๐™š๐™–๐™ง๐™ก๐™ฎ ๐™จ๐™ž๐™œ๐™ฃ๐™จ ๐™ค๐™› ๐™– '๐™ฅ๐™ง๐™ค๐™›๐™ž๐™ฉ๐™–๐™—๐™ž๐™ก๐™ž๐™ฉ๐™ฎ ๐™—๐™š๐™›๐™ค๐™ง๐™š ๐™จ๐™˜๐™–๐™ก๐™š' ๐™š๐™ฉ๐™๐™ค๐™จ ๐™ž๐™ฃ ๐™„๐™ฃ๐™™๐™ž๐™–๐™ฃ ๐™š-๐™˜๐™ค๐™ข๐™ข๐™š๐™ง๐™˜๐™š, ๐™ข๐™ž๐™ง๐™ง๐™ค๐™ง๐™ž๐™ฃ๐™œ ๐˜ผ๐™ข๐™–๐™ฏ๐™ค๐™ฃ'๐™จ ๐™š๐™ซ๐™ค๐™ก๐™ช๐™ฉ๐™ž๐™ค๐™ฃ? Source: Business Today - https://tinyurl.com/2v2xrfut ๐Ÿ. ๐๐จ "๐Œ๐ฉ๐ก๐š๐ฌ๐ข๐ฌ" ๐Ÿ๐จ๐ซ ๐€๐ˆ ๐ข๐ง ๐ˆ๐“ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ? Mphasis, the 26-year-old mid-cap IT services firm, stands out as the only listed IT company in India that is majority-owned by a private equity firm, Blackstone. Unlike its peers that are loudly proclaiming their preparedness for generative AI, Mphasis is taking a more understated approach, focusing on "real business cases" rather than mass training programs. Blackstone's influence is becoming increasingly visible at Mphasis. Since increasing its stake to 55% in 2021, the PE firm has been driving operational changes, including the introduction of an internal gig work platform called "Geek Cloud" and a profit-and-loss tracking system that holds each employee accountable for client accounts. This unconventional approach sets Mphasis apart from the industry norm. While peers disclose detailed workforce metrics, Mphasis keeps a low profile, avoiding the limelight. Analysts believe this freedom to operate out of the public eye is a strategic advantage, as Blackstone prepares the company for an eventual exit. However, this Blackstone-Mphasis alliance is a double-edged sword. While Blackstone's backing provides operational and financial muscle, Mphasis saw revenues plateau last year, unlike its faster-growing competitors. The PE firm's focus on short-term goals ahead of an exit could also come at the expense of long-term growth. ๐Ÿ‡ ๐™›๐™ค๐™ง ๐™๐™๐™ค๐™ช๐™œ๐™๐™ฉ: ๐™’๐™๐™ž๐™ก๐™š ๐™„๐™ ๐™œ๐™ž๐™–๐™ฃ๐™ฉ๐™จ ๐™ฉ๐™ง๐™ช๐™ข๐™ฅ๐™š๐™ฉ ๐˜ผ๐™„ ๐™ฅ๐™ก๐™–๐™ฃ๐™จ, ๐˜ฝ๐™ก๐™–๐™˜๐™ ๐™จ๐™ฉ๐™ค๐™ฃ๐™š-๐™—๐™–๐™˜๐™ ๐™š๐™™ ๐™ˆ๐™ฅ๐™๐™–๐™จ๐™ž๐™จ ๐™ฆ๐™ช๐™ž๐™š๐™ฉ๐™ก๐™ฎ ๐™›๐™ค๐™˜๐™ช๐™จ๐™š๐™จ ๐™ค๐™ฃ ๐™˜๐™ก๐™ž๐™š๐™ฃ๐™ฉ ๐™ฅ๐™ง๐™ค๐™—๐™ก๐™š๐™ข๐™จ, ๐™ฃ๐™ค๐™ฉ ๐™—๐™ช๐™ฏ๐™ฏ๐™ฌ๐™ค๐™ง๐™™๐™จ. ๐™„๐™จ ๐™ฉ๐™๐™ž๐™จ ๐™ก๐™ค๐™ฌ-๐™ ๐™š๐™ฎ, ๐™ง๐™š๐™จ๐™ช๐™ก๐™ฉ๐™จ-๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™–๐™ฅ๐™ฅ๐™ง๐™ค๐™–๐™˜๐™ ๐™ฉ๐™๐™š ๐™–๐™ฃ๐™ฉ๐™ž๐™™๐™ค๐™ฉ๐™š ๐™ฉ๐™ค ๐˜ผ๐™„ ๐™๐™ฎ๐™ฅ๐™š, ๐™ค๐™ง ๐™ž๐™จ ๐™ˆ๐™ฅ๐™๐™–๐™จ๐™ž๐™จ ๐™ข๐™ž๐™จ๐™จ๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™š ๐™ฉ๐™š๐™˜๐™ ๐™ง๐™š๐™ซ๐™ค๐™ก๐™ช๐™ฉ๐™ž๐™ค๐™ฃ ๐™—๐™ช๐™จ ๐™ฉ๐™ค ๐™–๐™ฅ๐™ฅ๐™š๐™–๐™จ๐™š ๐™ž๐™ฉ๐™จ ๐™‹๐™€ ๐™ข๐™–๐™จ๐™ฉ๐™š๐™ง'๐™จ ๐™จ๐™๐™ค๐™ง๐™ฉ-๐™ฉ๐™š๐™ง๐™ข ๐™š๐™ญ๐™ž๐™ฉ ๐™œ๐™ค๐™–๐™ก๐™จ? Source: The Ken - https://tinyurl.com/muwetk6v ๐Ÿ‘. ๐‹๐จ๐ญโ€™๐ฌ ๐ข๐ฌ ๐œ๐จ๐จ๐ค๐ข๐ง๐  ๐ข๐ง ๐ˆ๐ง๐๐ข๐š๐ง ๐…&๐! ๐Ÿœ Cloud kitchen startup EatClub Brands (formerly Box8) is raising $25 million from existing investor Tiger Global, as it continues to scale its portfolio of 11 food brands and over 120 eateries. The company has developed a low-cost model with reasonable margins, reporting revenues of Rs 324 crore in FY23 and an EBITDA margin of 6-7%. Packaged food brand MasterChow is raising $5 million from Tanglin Venture Partners, as it looks to grow its sauces and noodles business. The company has seen its revenues increase from Rs 3 crore in FY22 to Rs 8.2 crore in FY23. Bubble tea chain Boba Bhai is negotiating a fresh funding round of Rs 30-50 crore, as it aims to capitalize on the growing popularity of bubble tea in Indian metros. The company claims to achieve 70% gross margins. The broader food and beverage segment is seeing heightened investor interest, with deals like Khazanah Nasional Berhad's $50 million investment in Wow! Momo and Third Wave Coffee's $35 million Series C round. Early-stage activity is also robust, with startups like Pizza Wings, Burger Singh, and Ghost Kitchens raising funding this year. ๐Ÿ‡ ๐™›๐™ค๐™ง ๐™๐™๐™ค๐™ช๐™œ๐™๐™ฉ: ๐™„๐™ฃ๐™™๐™ž๐™–'๐™จ ๐™&๐˜ฝ ๐™›๐™ช๐™ฃ๐™™๐™ž๐™ฃ๐™œ ๐™›๐™ง๐™š๐™ฃ๐™ฏ๐™ฎ ๐™ž๐™จ๐™ฃ'๐™ฉ ๐™Ÿ๐™ช๐™จ๐™ฉ ๐™–๐™ฅ๐™ฅ๐™š๐™ฉ๐™ž๐™ฉ๐™š; ๐™ž๐™ฉ'๐™จ ๐™–๐™ง๐™—๐™ž๐™ฉ๐™ง๐™–๐™œ๐™š. ๐™€๐™–๐™ฉ๐˜พ๐™ก๐™ช๐™—'๐™จ ๐™ก๐™š๐™–๐™ฃ ๐™€๐˜ฝ๐™„๐™๐˜ฟ๐˜ผ ๐™–๐™ฃ๐™™ ๐˜ฝ๐™ค๐™—๐™– ๐˜ฝ๐™๐™–๐™ž'๐™จ ๐™ง๐™ž๐™˜๐™ ๐™ข๐™–๐™ง๐™œ๐™ž๐™ฃ๐™จ ๐™จ๐™ž๐™œ๐™ฃ๐™–๐™ก ๐™– ๐™จ๐™๐™ž๐™›๐™ฉ ๐™›๐™ง๐™ค๐™ข ๐™ซ๐™–๐™ฃ๐™ž๐™ฉ๐™ฎ ๐™ข๐™š๐™ฉ๐™ง๐™ž๐™˜๐™จ ๐™ฉ๐™ค ๐™ช๐™ฃ๐™ž๐™ฉ ๐™š๐™˜๐™ค๐™ฃ๐™ค๐™ข๐™ž๐™˜๐™จ. ๐˜ฝ๐™ช๐™ฉ ๐™ž๐™จ ๐™ฉ๐™๐™ž๐™จ ๐™– ๐™ฃ๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™–๐™ก ๐™›๐™š๐™–๐™จ๐™ฉ ๐™ค๐™ง ๐™– ๐™ข๐™š๐™ฉ๐™ง๐™ค๐™จ-๐™ค๐™ฃ๐™ก๐™ฎ ๐™ข๐™š๐™ฃ๐™ช? ๐˜ผ๐™จ ๐™Ž๐™ฉ๐™–๐™ง๐™—๐™ช๐™˜๐™ ๐™จ ๐™ง๐™š๐™ฉ๐™ง๐™š๐™–๐™ฉ๐™จ ๐™–๐™ฃ๐™™ ๐™ก๐™ค๐™˜๐™–๐™ก ๐™—๐™ง๐™–๐™ฃ๐™™๐™จ ๐™ง๐™–๐™ž๐™จ๐™š ๐™ข๐™ž๐™ก๐™ก๐™ž๐™ค๐™ฃ๐™จ, ๐™ž๐™ฃ๐™ซ๐™š๐™จ๐™ฉ๐™ค๐™ง๐™จ ๐™–๐™ง๐™š ๐™—๐™š๐™ฉ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™–๐™ฉ ๐™ช๐™ฃ๐™™๐™š๐™ง๐™จ๐™ฉ๐™–๐™ฃ๐™™๐™ž๐™ฃ๐™œ ๐™„๐™ฃ๐™™๐™ž๐™–'๐™จ ๐™๐™ฎ๐™ฅ๐™š๐™ง-๐™ก๐™ค๐™˜๐™–๐™ก, ๐™„๐™ฃ๐™จ๐™ฉ๐™–-๐™ฌ๐™ค๐™ง๐™ฉ๐™๐™ฎ ๐™ฉ๐™–๐™จ๐™ฉ๐™š๐™จ ๐™ฉ๐™ง๐™ช๐™ข๐™ฅ๐™จ ๐™œ๐™ก๐™ค๐™—๐™–๐™ก ๐™จ๐™˜๐™–๐™ก๐™š. ๐™๐™๐™š ๐™ง๐™š๐™–๐™ก ๐™›๐™ก๐™–๐™ซ๐™ค๐™ง ๐™๐™š๐™ง๐™š? ๐™‹๐™ง๐™ค๐™›๐™ž๐™ฉ๐™–๐™—๐™ž๐™ก๐™ž๐™ฉ๐™ฎ ๐™ค๐™ซ๐™š๐™ง ๐™ฅ๐™ช๐™ง๐™š ๐™›๐™ค๐™ค๐™ฉ๐™ฅ๐™ง๐™ž๐™ฃ๐™ฉ. Source: The Arc - https://tinyurl.com/mtmyabfk ๐Ÿ’. ๐๐จ๐€๐ญ ๐‹๐ข๐Ÿ๐ž๐ฌ๐ญ๐ฒ๐ฅ๐ž ๐ข๐ฌ ๐ฌ๐œ๐š๐ฅ๐ข๐ง๐  ๐๐จ๐ฐ๐ง ๐ข๐ญ๐ฌ ๐ฐ๐ž๐š๐ซ๐š๐›๐ฅ๐ž๐ฌ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ญ๐จ ๐Ÿ๐จ๐œ๐ฎ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐จ๐ง ๐š๐ฎ๐๐ข๐จ ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ, ๐š๐ฌ ๐ข๐ญ ๐ฉ๐ฅ๐š๐ง๐ฌ ๐ญ๐จ ๐ซ๐ž๐ฏ๐ข๐ฌ๐ข๐ญ ๐ข๐ญ๐ฌ ๐ˆ๐๐Ž ๐ฉ๐ฅ๐š๐ง๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ง๐ž๐ฑ๐ญ ๐Ÿ๐Ÿ– ๐ฆ๐จ๐ง๐ญ๐ก๐ฌ. Boat is downsizing its wearables business following stiff competition from players such as Fire Boltt, Noise and Tata Group's Titan, a top executive said. Its smartwatch market share slid from 19% in 2022 to 14% last year, according to research firm IDC. Launching premium "Nirvana by BoAt" brand, aiming to increase audio average selling price by 25% To stay competitive, Mehta said the company would improve its smartwatch features. For instance, it has tied up with MapMyIndia for navigation and payment functionalities and with Dolby for audio enhancement.ย  Turned EBITDA positive, with 75% of products now manufactured domestically. ๐Ÿ‡ ๐™›๐™ค๐™ง ๐™๐™๐™ค๐™ช๐™œ๐™๐™ฉ: ๐˜ฝ๐™ค๐˜ผ๐™ฉ'๐™จ ๐™ฅ๐™ž๐™ซ๐™ค๐™ฉ ๐™›๐™ง๐™ค๐™ข ๐™ฌ๐™š๐™–๐™ง๐™–๐™—๐™ก๐™š๐™จ ๐™ฉ๐™ค ๐™ฅ๐™ง๐™š๐™ข๐™ž๐™ช๐™ข ๐™–๐™ช๐™™๐™ž๐™ค ๐™ž๐™จ๐™ฃ'๐™ฉ ๐™Ÿ๐™ช๐™จ๐™ฉ ๐™– ๐™ฅ๐™ง๐™ค๐™™๐™ช๐™˜๐™ฉ ๐™จ๐™ฉ๐™ง๐™–๐™ฉ๐™š๐™œ๐™ฎ; ๐™ž๐™ฉ'๐™จ ๐™– ๐™—๐™š๐™ก๐™ก๐™ฌ๐™š๐™ฉ๐™๐™š๐™ง ๐™›๐™ค๐™ง ๐™„๐™ฃ๐™™๐™ž๐™–'๐™จ ๐™ข๐™–๐™ฉ๐™ช๐™ง๐™ž๐™ฃ๐™œ ๐™ฉ๐™š๐™˜๐™ ๐™๐™–๐™ง๐™™๐™ฌ๐™–๐™ง๐™š ๐™จ๐™˜๐™š๐™ฃ๐™š. ๐˜ผ๐™จ ๐™ž๐™ฉ ๐™˜๐™๐™–๐™จ๐™š๐™จ ๐™– 25% ๐˜ผ๐™Ž๐™‹ ๐™๐™ž๐™ ๐™š ๐™ฌ๐™ž๐™ฉ๐™ "๐™‰๐™ž๐™ง๐™ซ๐™–๐™ฃ๐™–" ๐™–๐™ข๐™ž๐™™ ๐™จ๐™ข๐™–๐™ง๐™ฉ๐™ฌ๐™–๐™ฉ๐™˜๐™ ๐™จ๐™๐™–๐™ง๐™š ๐™š๐™ง๐™ค๐™จ๐™ž๐™ค๐™ฃ, ๐™ฉ๐™๐™š ๐™ฆ๐™ช๐™š๐™จ๐™ฉ๐™ž๐™ค๐™ฃ ๐™ก๐™ค๐™ค๐™ข๐™จ: ๐˜พ๐™–๐™ฃ ๐™„๐™ฃ๐™™๐™ž๐™–๐™ฃ ๐™—๐™ง๐™–๐™ฃ๐™™๐™จ ๐™ฌ๐™ž๐™ฃ ๐™ค๐™ฃ ๐™ซ๐™–๐™ก๐™ช๐™š ๐™–๐™ฃ๐™™ ๐™ž๐™ฃ๐™ฃ๐™ค๐™ซ๐™–๐™ฉ๐™ž๐™ค๐™ฃ, ๐™ฃ๐™ค๐™ฉ ๐™Ÿ๐™ช๐™จ๐™ฉ ๐™ฅ๐™ง๐™ž๐™˜๐™š, ๐™ค๐™ง ๐™ฌ๐™ž๐™ก๐™ก ๐™œ๐™ก๐™ค๐™—๐™–๐™ก ๐™œ๐™ž๐™–๐™ฃ๐™ฉ๐™จ ๐™ก๐™ž๐™ ๐™š ๐˜ผ๐™ฅ๐™ฅ๐™ก๐™š ๐™š๐™ซ๐™š๐™ฃ๐™ฉ๐™ช๐™–๐™ก๐™ก๐™ฎ ๐™™๐™ค๐™ข๐™ž๐™ฃ๐™–๐™ฉ๐™š ๐™ค๐™ช๐™ง ๐™ฅ๐™ง๐™š๐™ข๐™ž๐™ช๐™ข ๐™จ๐™š๐™œ๐™ข๐™š๐™ฃ๐™ฉ๐™จ? Source: Business Standard, The Arc - https://tinyurl.com/ms8y9rnj ๐Ÿ“. ๐‚๐ก๐ข๐ง๐šโ€™๐ฌ ๐“๐ž๐ง๐œ๐ž๐ง๐ญ ๐จ๐Ÿ๐Ÿ๐ฅ๐จ๐š๐๐ข๐ง๐  ๐ฆ๐จ๐ซ๐ž ๐ฌ๐ญ๐š๐ค๐ž ๐ข๐ง ๐๐จ๐ฅ๐ข๐œ๐ฒ๐๐š๐ณ๐š๐š๐ซ Chinese internet giant Tencent has offloaded 1.3% in PB Fintech, which owns insurance platform Policybazaar, for Rs 1,080 crore ($129 million) over the last two weeks. This was a bulk deal in the public market. Tencentโ€™s shareholding in PB Fintech will reduce from 6.2% to about 4.9%, which will be worth more than $340 million. Last year, Tencent sold a 2% stake for $68 million, and since then, PB Fintechโ€™s share price has doubled. Tencent was an active investor in Indian startups until 2020, when the Indian government put curbs on investments from Chinese companies following border clashes. PB Fintech founder Yashish Dahiya spoke out against Chinaโ€™s aggression in 2020, saying he would buy back Tencent shares if the opportunity arose. Tencentโ€™s share sale follows Tiger Global and SoftBank Vision Fundโ€™s full exit from the Indian unicorn. SoftBank made $640 million on its $200-million investment, while Tiger netted $232 million on its $44-million bet. ๐Ÿ‡ ๐™›๐™ค๐™ง ๐™๐™๐™ค๐™ช๐™œ๐™๐™ฉ: ๐™‹๐™ค๐™ก๐™ž๐™˜๐™ฎ๐˜ฝ๐™–๐™ฏ๐™–๐™–๐™ง'๐™จ 2๐™ญ ๐™จ๐™ช๐™ง๐™œ๐™š ๐™–๐™ข๐™ž๐™™ ๐™๐™š๐™ฃ๐™˜๐™š๐™ฃ๐™ฉ'๐™จ ๐™œ๐™š๐™ค๐™ฅ๐™ค๐™ก๐™ž๐™ฉ๐™ž๐™˜๐™–๐™ก๐™ก๐™ฎ-๐™ฉ๐™ž๐™ฃ๐™œ๐™š๐™™ ๐™š๐™ญ๐™ž๐™ฉ ๐™›๐™ก๐™ž๐™ฅ๐™จ ๐™ฉ๐™๐™š ๐™จ๐™˜๐™ง๐™ž๐™ฅ๐™ฉ: ๐™„๐™จ ๐™„๐™ฃ๐™™๐™ž๐™–๐™ฃ ๐™ฉ๐™š๐™˜๐™ ๐™ฃ๐™ค๐™ฌ ๐™ฅ๐™ง๐™ž๐™˜๐™ž๐™ฃ๐™œ ๐™ž๐™ฃ ๐™จ๐™ค๐™ซ๐™š๐™ง๐™š๐™ž๐™œ๐™ฃ๐™ฉ๐™ฎ ๐™ง๐™ž๐™จ๐™  ๐™–๐™จ ๐™– ๐™˜๐™ค๐™ข๐™ฅ๐™š๐™ฉ๐™ž๐™ฉ๐™ž๐™ซ๐™š ๐™š๐™™๐™œ๐™š? ๐™Š๐™ง ๐™ฌ๐™ž๐™ก๐™ก ๐™จ๐™๐™ช๐™ฃ๐™ฃ๐™ž๐™ฃ๐™œ ๐™˜๐™š๐™ง๐™ฉ๐™–๐™ž๐™ฃ ๐™›๐™ค๐™ง๐™š๐™ž๐™œ๐™ฃ ๐™˜๐™–๐™ฅ๐™ž๐™ฉ๐™–๐™ก๐™จ ๐™ก๐™š๐™–๐™ซ๐™š ๐™ค๐™ช๐™ง ๐™จ๐™ฉ๐™–๐™ง๐™ฉ๐™ช๐™ฅ๐™จ ๐™ซ๐™ช๐™ก๐™ฃ๐™š๐™ง๐™–๐™—๐™ก๐™š ๐™ฉ๐™ค ๐™ฉ๐™๐™š ๐™ฃ๐™š๐™ญ๐™ฉ ๐™›๐™ช๐™ฃ๐™™๐™ž๐™ฃ๐™œ ๐™ฌ๐™ž๐™ฃ๐™ฉ๐™š๐™ง? ๐™’๐™ž๐™ฉ๐™ ๐™๐™ž๐™œ๐™š๐™ง ๐™–๐™ฃ๐™™ ๐™Ž๐™ค๐™›๐™ฉ๐˜ฝ๐™–๐™ฃ๐™  ๐™–๐™ก๐™จ๐™ค ๐™š๐™ญ๐™ž๐™ฉ๐™ž๐™ฃ๐™œ ๐™ฅ๐™ง๐™ค๐™›๐™ž๐™ฉ๐™–๐™—๐™ก๐™ฎ, ๐™ž๐™จ ๐™„๐™ฃ๐™™๐™ž๐™–'๐™จ ๐™ฉ๐™š๐™˜๐™ ๐™จ๐™˜๐™š๐™ฃ๐™š ๐™ฃ๐™ค๐™ฌ ๐™ง๐™ค๐™—๐™ช๐™จ๐™ฉ ๐™š๐™ฃ๐™ค๐™ช๐™œ๐™ ๐™ฉ๐™ค ๐™ฉ๐™๐™ง๐™ž๐™ซ๐™š ๐™ฌ๐™ž๐™ฉ๐™๐™ค๐™ช๐™ฉ ๐™ฅ๐™–๐™ฉ๐™ž๐™š๐™ฃ๐™ฉ ๐™›๐™ค๐™ง๐™š๐™ž๐™œ๐™ฃ ๐™˜๐™–๐™ฅ๐™ž๐™ฉ๐™–๐™ก? Source: The Arc - https://tinyurl.com/4cp2f7t8 Share your take on the ๐Ÿ‡ ๐™›๐™ค๐™ง ๐™๐™๐™ค๐™ช๐™œ๐™๐™ฉ below! โฌ‡๏ธ

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