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News Discussion on

by AITookMyJob

Startup

Controversial: India will never overtake China or US

..unless either of the two mess up insanely bad We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that. Internal reasons that are very hard to fix:- (1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news. (2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers. (3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively. I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:- (1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices. (2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

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Personal Finance on

by steppenwolf

Stealth

[TRADING] OPPORTUNITY TO BUY OR OPPORTUNITY TO SELL ?

This was my last market update. I built a portfolio in real-time, explaining what I'm doing and why I'm doing it. https://share.gvine.app/VaSwtbqJVzF384YRA I have given a list stocks in the comment section where i want to build newer positions. I have given some psychology related tips as well. Check them out. Out of the list Jindal, ABB, Siemens, Colpal, ICICI B, TATA S I did cut down on ICICI Bank and Colpal last week as they were around 2-3% gain. I found another opportunity in Havells as well. Although I didn't make a post about it or update it here, I did discuss it with @TheOatmeal in the DMs when i got in. My avg Buy price is 1575. I have certainly been very lucky in this cycle. Well it's not just pure luck i did identify leaders of the current run and have been doing this for quite some time now. But the moves in my portfolio have been amazing and pretty smooth during recent fall as well. My top 3 winners are - Jindal - +23.14% ABB - +39% SIEMENS - +44.32% These 3 stocks have given me a lot of cushion to operate further. None of the above 3 stocks violated their trending pivot during the market fall. I made a few posts about SBI and that trade is still on. Check it here. https://share.gvine.app/yXc9GETSiWn8c2Uz8 https://share.gvine.app/yYujDrw15CLsLxC59 Today's session was excellent. The Nifty moved around 300 points in just 20 to 25 minutes, potentially wiping out months of gains for option writers and cleared up all the short term bearish players out of the system.Such moves in a single day can decimate months and months of hardwork. Just stay away from options if you can. VIX often rises during election years, as seen in 2014 and 2019. I will only be concerned if it crosses 30 and stays there. Otherwise, it's not worth overanalyzing.People link rise in VIX with Possibility of government changes but if the market senses a shift, 8-12% would just go in a few sessions. The market will not give us a lot of time to manage our positions.

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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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