They would prefer to lead or co-lead rounds for seed and pre series A. Happy to follow the lead investor in Series A

Sector Focus: FMCG, Lifestyle, Food, Health, Education and Enablers (logistics, packaging, marketing tech, etc)

For eligibilty current Minimum revenue INR 50 lacs monthly

Ticket Size: First cheque sizes of INR 10-150 million i.e. 1 – 15 Crores

Subsequent Rounds: They have significant capital for follow on investment in portfolio companies

For more information, WhatsApp to us at Mobile No. 91- 98200 – 88394 or email to intellex@intellexconsulting.com

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We are willing to full buy out of such bigger Companies.

Producers of vegetables and fruits, processing units, spices & masalas, sea-food and frozen sea-food units, processed food manufacturers, food products with shelf life pickles, masalas, makhanas, chips, etc

Turnover INR 10-25 Crores (Limits can be flexible for suitable companies)

Export processing units or units that are open to export opportunities are preferred.

Our client which is a Leading Corporate wishes to make minority investments in such businesses and start-ups and will also provide funding for future growth.

For more information, WhatsApp to us at Mobile No. 91- 98200 – 88394 or email to intellex@intellexconsulting.com

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Atal ji’s government formally left on 22nd May 2004

Gandhi family appointed Shri Manmohan Singh to the post of Prime Minister…

Congress government remained at the center till 2014 i.e. for 10 years… You might have forgotten because your memory is very weak, let us remind you.

15 August 2004- Bomb blast in Dhimji School, Assam, 18 dead and 40 injured

5 July 2005- Terrorist attack on Ram Janmabhoomi in Ayodhya, 6 dead, dozens injured

28 July 2005- RDX bomb blast in Shramjeevi Express train in Jaunpur, 13 dead, 50 injured

29 October 2005- Two days before the festival of Diwali, serial blasts in the crowded area of Delhi’s Govindpuri bus, Paharganj and Sarojini Nagar, 70 people were blown to pieces and more than 250 were injured, Tariq Ahmed Dar and Rafiq mastermind. .

28 December 2005- Terrorist attack on Bangalore Institute of Science, 1 dead, 4 injured

7 March 2006- 28 devotees and civilians were bombed by 3 bomb blasts at the famous Sankatmochan Temple of Varanasi, the center of reverence for Hindus, and the crowded Cantt Railway Station, 101 people were injured, the hand of Lashkar Kuhab and SIMI

11 July 2006- Simultaneously in Mumbai—Serial blast in local train of Matunga Road, Mahim, Bandra, Khar Road, Jogeshwari, Bhainder, Borivali stations, 209 dead, more than 700 injured, Faisal Shaikh, Asif Ansari, Asif Khan. , Kamal Ansari, Ehtasam Siddiqui and Naved Khan were the main architects of the incident.

8 September 2006- Serial blast in Malegaon mosque, 37 dead, 125 injured, hand in hand of banned terrorist organization Student Islamic Movement of India… Later an attempt was made to create a historically unsuccessful theory of Hindu terrorism by changing the charge sheet.

18 February 2007- Samjhauta Express blast, 68 dead, 50 injured, Army Intelligence alleged the handiwork of Islamic terrorist organization Lashkar-e-Taiba… Congress sent Indian Army Colonel Shrikant Purohit to jail for 7 years for creating Hindu terrorism. Gave terrible tortures… Purohit came out of jail after 9 years.

Blast in Mecca Masjid of Hyderabad, 16 dead and 100 injured, Harkat ul Jihad al-Islami’s hand… Congress once again tried to prove the failed theory of Hindu terrorism.

14 October 2007- Blast in Ludhiana theatre, 6 people died

24 November 2007- Serial bomb blast in the courts of Lucknow, Ayodhya and Banaras in Uttar Pradesh, 16 dead and 79 injured

January 1, 2008- Attack on CRPF camp in Rampur, Uttar Pradesh, 8 dead and 7 injured, Lashkar-e-Taiba’s hand.

13 May 2008- Serial blasts by RDX at 9 places in Chhoti Chaupar, Badi Chaupar, Manakpur Police Station area, Johari Bazaar, Tripolia Bazaar, Kotwali area of Jaipur, 63 dead, 200 injured, Harkat-ul-Jihad-ul-Islami took charge. Responsibility.

25 July 2008- 8 serial blasts in Bengaluru, 2 dead, 20 injured

26 July 2008- Serial bomb blasts at 17 places in Ahmedabad, Gujarat, 35 dead and 110 injured… Mufti Abu Bashir master mind… Abdul Qadir, Hasil Mohammad, Hussain Ibrahim together helped the network sitting in Karachi (Pakistan). Exploded bombs.

13 September 2008- 5 bombs blasted within 31 minutes in Ghaffar Market, Barhakhambha Road, GK1, Central Park, Delhi, 4 other bombs were defused, 33 died and more than 150 injured… Student Islamic Movement of India Outfit Indian Mujahideen carried out the blasts.

27 September 2008- 2 bomb blasts in the electronic market of Delhi Mehrauli, 3 dead and 33 injured.

1 October 2008- Bomb blast in Agartala, 4 dead and 100 injured

21 October 2008- Bomb blast in Imphal, 17 dead, 50 injured

30 October 2008- Bomb blast in Assam, 81 dead and more than 500 injured

28 November 2008- Mumbai attack: Terrorist attack on Taj Hotel, Oberoi Hotel, Cama Hospital, Nariman House, Leopold Cafe, Chhatrapati Shivaji Maharaj Terminus, 166 people killed and more than 600 injured.

January 1, 2009- Bomb blast in Guwahati, 6 dead, 67 injured

6 April 2009, bomb blast in Guwahati, 7 dead, 62 injured

13 February 2010- Bomb blast in Pune’s German Bakery, 17 killed and 70 injured… Bomb blast carried out by the Indian branch of SIMI International Mujahideen Islamic Muslim Front.

7 December 2010- Bomb blast at Dashaswamedh Ghat during Ganga Aarti, 3 dead and 36 injured… Indian Mujahideen, the outfit of Student Islamic Movement of India, carried out the blast.

13 July 2011- A massive bomb blast in Mumbai’s Opera House, Zaveri Bazaar and Dadar area, 26 dead and 130 injured… Indian Mujahideen, the outfit of Student Islamic Movement of India, carried out the blast.

7 September 2011- Bomb blast in Delhi High Court, 17 dead and 180 people injured… Indian medical student Wasim Akram, owner of Harkat ul Jihad al-Islami outfit, mastermind of the bomb blast.

13 February 2012- Attempt to bomb Israeli diplomat’s car, bomb did not explode properly, 4 injured… Involvement of Indian journalist Muhammad Ahmed Kazmi.

1 August 2012- Pune blast, blasts were carried out by Indian Mujahideen, an outfit of Student Islamic Movement of India.

21 February 2013- Hyderabad 2 bomb blasts in Hyderabad, 18 dead and 131 injured… Indian Mujahideen founder Yasin Bhatkal, Asadullah Akhtar, Tehseen Akhtar, Ejaz Shaikh masterminds of the bomb blast.

17 April 2013- Bomb blast in Bangalore, 14 people seriously injured

7 July 2013- Blast in Bodh Gaya, 5 people seriously injured… Omar Siddiqui, Azharuddin Qureshi, Mujibullah Ansar, Haider Ali, Imtiaz Ansari in Bodh Gaya, Bihar, India in protest against the action taken against Rohingya terrorists in Myanmar. Had hatched a conspiracy to terrorize Bihar.

On October 27, 2013, 8 bombs were blasted by Indian Mujahideen in Narendra Modi’s rally in Patna, 6 dead and 85 injured…Conspiracy to kill thousands by creating stampede in the crowd of lakhs… Stampede due to wisdom of Modi and managers. Nahi machi… Mohammad Tahseen Akhtar mastermind… Blast was inspired by Chikmagalur Madrasa… Muzbulla, Haider Ali, Numan, Tariq Ansari absconded after the blast.

1 May 2014- Bomb blast in Guwahati Bangalore Express in Chennai, 2 dead and 14 seriously injured.

These figures do not include attacks in Jammu and Kashmir because that is a different topic.

Here it is important to remind one more thing that when Batla House encounter took place and Indian Mujahideen terrorists were killed in it, the then Congress chief Mrs. Sonia Gandhi cried bitterly after seeing the dead bodies of those terrorists.

From 2014 till now there are no such Bomb blast in India due to firm security.

If anyone need any reason to vote for BJP this one should be enough.

Forwarded as received

Introduction:
A comment by Thailand’s ambassador to WTO Pimchanok Vonkorpon Pitfield accusing India of using subsidised rice procured for the public distribution system for capturing the export market has created a diplomatic storm with the government lodging a protest against the statement and Indian negotiators refusing to participate in discussions where Thai representatives are present

The Thai ambassador’s statement came during the meeting of the World Trade Organisation (WTO) in Abu Dhabi.

What is the genesis of the spat?

1. Back in 1994, the WTO set up an agreement to lower import taxes and subsidies that affect agriculture.
2. Subsidies can make farming and trade unfair because they might encourage overproduction or lower prices too much.
3. The rules allow developing countries to subsidise up to 10% of their agriculture’s value of production. For developed countries, the cap is 5%.
4. But rich countries have found ways to go much higher than their cap. For instance, a paper by the Centre for WTO Studies estimated that EU was providing 150% of its sugar’s value of production as subsidy, and the US 189% to coffee.
5. The rules favour wealthier nations, giving them more ways to support their farmers and dominate the global market. This makes it harder for poorer countries to compete.
6. For example, India has exceeded the 10% subsidy limit for rice, and others might too. The prices, set in the 1980s as a reference for what counts as a subsidy, are outdated, not accounting for inflation or current market prices.
7. Farms are small in India, which makes government support vital. There is also the need to keep food in stock for the poor during crises like the Covid pandemic or global conflicts.
8. Calculations by Centre for WTO Studies show that per farmer support in India is around $300, whereas in US it is around $80,000. So, an American farmer, with average land holding of 180 hectare, gets 267 times what a tiller gets in India, where average land holding is just above one hectare.
9. To move forward with trade discussions, developed countries agreed to a ‘peace clause’ that prevents disputes over subsidy limits. Since then, India and others have been pushing to find a permanent solution.
10. Rich countries think public stockholding programmes distort trade. They’ve accused developing countries like India of exporting subsidised grains. This is where Thai ambassador’s Wednesday allegation comes in.

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Data sovereignty: SBI mulling to build its own domain-specific LLM : Pune, The country’s largest lender State Bank of India is mulling to build its own Large Language Model (LLM) to leverage the data it possesses, a senior official said on Friday. The bank has been using Artificial Intelligence (AI) for over seven years now, and wants to create a situation where it can co-exist with an open-source LLM, its Deputy Managing Director Nitin Chugh said speaking at the Asia Economic Dialogue event here. The project to build its own LLM is an ambitious one to be executed over the long-term, Chugh, who heads the digital banking and transformation efforts at SBI, said. – economic times.

Six institutional investors allotted more than 5% of equity shares offered in Union Bank’s ₹3,000 cr QIP issue : Morgan Stanley Asia (Singapore) Pte., Societe Generale, HDFC Life Insurance, BNP Paribas Financial Markets, SBI Life Insurance, and Sundaram Mutual Fund have been allotted more than 5 per cent of the equity shares offered in Union Bank of India’s ₹3,000 crore Qualified Institutional Placement (QIP) issue. The public sector bank allotted 22.11 crore equity shares of face value ₹10 each to eligible Qualified Institutional Buyers (QIBs) at the issue price of ₹135.65 per equity share (including a premium of ₹125.65). The issue price is at a 4.9937 per cent discount to the floor price of ₹142.78 per equity share. The issue opened on February 20, 2024 and closed on February 23, 2024. – Business Line.

RBI says more than 97% of 2,000-rupee notes returned since May 2023 : The Reserve Bank of India (RBI) announced on Friday that over 97% of India’s highest-denomination 2,000-rupee currency notes, which were withdrawn from circulation in May 2023, have been returned. The total value of 2,000 rupee banknotes in circulation, which stood at 3.56 lakh crore rupees as on May 19, 2023, when the withdrawal of India’s highest currency note was announced, has now decreased to 8,470 crore rupees as of February 29, 2024, the RBI said in a statement. “Thus, 97.62% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned,” the central bank said. – Economic Times.

FIU-Ind imposes ₹5.49 cr penalty on Paytm Payment Bank : The Financial Intelligence Unit-India (FIU-IND) on Friday imposed a penalty of ₹5.49 crore on beleaguered Paytm Payments Bank Ltd with reference to violations of its obligations under the Prevention of Money Laundering Act. A statement issued by the Finance Ministry said that the agency initiated a review of the Paytm Payments Bank Ltd on receipt of specific information from law enforcement agencies in respect of few entities and their network of businesses engaged in a number of illegal acts, including organising and facilitating online gambling. Further, “the money generated from these illegal operations, i.e. proceeds of crime were routed and channelled through bank accounts maintained by these entities with the Paytm Payments Bank Ltd,” the statement said. – Business Line.

NEFT records 4.1 cr transactions on Feb 29, highest single-day volume : The National Electronic Funds Transfer (NEFT) recorded its highest ever single-day transactions on February 29, with the payment system processing 4.10 crore transactions on that day, the Reserve Bank of India said. The NEFT processed 4,10,61,337 transactions on February 29, the RBI said. “During the previous ten years (2014-23), NEFT and RTGS (Real Time Gross Settlement) systems have registered growth of 700 per cent and 200 per cent respectively in terms of volume and 670 per cent and 104 per cent respectively in terms of value,” the central bank said. – economic times.

LIC presents Rs 2,441 cr dividend cheque to Sitharaman : Life Insurance Corporation of India (LIC) on Friday paid a dividend of Rs 2,441 crore to the government. “Smt @nsitharaman receives a dividend cheque of Rs 2,441.44 crore from Shri Siddhartha Mohanty, Chairman – Life Insurance Corporation of India (@LICIndiaForever),” Finance Minister Nirmala Sitharaman’s Office said in a post on X. – economic times.

Term deposits formed 98% of incremental deposit growth in Apr-Dec: RBI : Term deposits accounted for a whopping 98% of incremental deposits between April-December 2023, with share of low-cost current account and savings account (CASA) falling to a low of 2% during the period, as more customers parked money in high yielding fixed, term deposits, according to the Reserve Bank of India’s (RBI) quarterly basic statistical returns on deposits-December 2023 report. Deposits also moved to higher interest rate buckets, with the share of term deposits bearing over 7% interest rate rising to 61% of the total term deposits in December 2023 from 55% a quarter ago and 34% in March 2023. As on February 9, banks’ overall deposits stood at Rs 201.95 trillion. – economic times.

UPI transactions dip slightly in Feb due to fewer days, technical disruptions : After starting 2024 on a strong note, the Unified Payments Interface (UPI) saw transactions dip slightly in February but remain above December 2023 levels. ransactions worth ₹18.28-lakh crore were processed during February, nearly 1 per cent lower than the peak of ₹18.41 lakh crore in January 2024. The value of transactions was 48 per cent higher year-on-year, as per data by the National Payments Corporation of India (NPCI). The number of transactions on the UPI network too fell by 0.8 per cent to 1,210 crore from the January level of 1,220 crore transactions. On year, the volume of transactions was 61 per cent higher. Typically, transaction volumes and the transaction amount is lower in February due to the fewer number of days in the month. – Business Line.

Diversified NBFCs to grow 20% in FY25, focus to be co-lending: India Ratings : Large and diversified NBFCs are expected to grow 20 per cent year-on-year in FY25, slower than 27 per cent in FY24 due to capital constraints and increased regulatory scrutiny, according to India Ratings. “Regulatory scrutiny and compliance have been the ongoing need of the hour for NBFCs. This is because they are scaling up and their dependence on and inter-connectedness with banks is increasing,” the rating agency said while maintaining a ‘neutral’ outlook on the sector. – Business Line.

Universal Sompo General Insurance covers 2 lakh under PMJAY : Universal Sompo General Insurance has provided healthcare coverage to 2 lakh people and their families under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana in the Union territory Dadra & Nagar Haveli and Daman & Diu. The cover will ensure access to quality medical services for those in need. Under the ABPMJAY scheme in Dadra & Nagar Haveli and Daman & Diu, 1,109 packages and 1,949 procedures are currently provided across 27 specialties. – Business Line.

Microfinance Q3 disbursements at ₹78,584 crore, AUM grows 25% : Microfinance loans for the financial services sector grew 24.6 per cent on year to ₹3.99 lakh crore as of December 2023, serving 7.4 crore unique borrowers through 14.6 crore loan accounts. 1.66 crore microfinance loans worth ₹78,584 crore were disbursed during Q3 FY24, compared with 1.89 crore loans worth ₹77,877 crore in the year ago period, as per data by industry body Microfinance Industry Network (MFIN)’s Micrometer report for Oct-Dec. “Microfinance operations added more than 1 crore unique clients over the last financial year to its fold. Portfolio delinquency has reached the pre COVID levels which indicates improving health of the microfinance portfolio,” said Dr Alok Misra, CEO and Director, MFIN. – Business Line.

Paytm board approves discontinuation of inter-company agreements with Paytm Payments Bank : The Board of Directors of One 97 Communications Ltd (Paytm) on Friday approved the discontinuation of its various inter-company agreements with its associate entity Paytm Payments Bank Limited (PPBL). Paytm and PPBL have introduced additional measures to strengthen their approach towards independent operations of PPBL, said a Paytm filing with stock exchanges on Friday. The discontinuation of various inter-company agreements were approved at a board meeting on Friday through circulation of resolution, it added. – Business Line.

Central banks’ functioning more transparent now, says RBI DG Rao : Even as communication for central banks is a “bit of tight rope”, as they must avoid inconsistency between what they say and what is understood and interpreted by the markets and stakeholders, the world has come a long way since the days when their commentary was shrouded in mystery, Reserve Bank of India (RBI) deputy governor M Rajeshwar Rao said at the Dr M V Pylee Memorial Lecture in Kochi. “We have come a long way since the days when central banks were shrouded in mystery. Central bank communication has evolved to become more transparent over the decades,” he said. – Financial Express

Paytm Payments Bank and Paytm to discontinue inter company agreements amid regulatory scrutiny : Paytm on Friday announced that it would be taking additional measures to disassociate its offerings from those of Paytm Payments Bank, amid regulatory action against the latter. “One 97 Communications Ltd (Paytm) would like to inform that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL,” Paytm said in a regulatory filing. – economic times.

MFI portfolio touches Rs 4 lakh crore across India : Micro-finance Institutions portfolio has touched almost Rs four lakh crore during the third quarter of the current financial year, according to the self-regulatory organisation Microfinance Industry Network (MFIN) report. The report said that the industry saw a robust growth of 24.6 per cent over the last financial year, while portfolio delinquency has reached pre-COVID levels indicating improving health of the sector. It said there has been a significant change in the portfolio distribution across regions. South India has emerged as the largest contributor to the MFI portfolio with a share of 31.06 per cent, followed by east and northeast contributing 31.06 per cent. – Business Line.

ICICI Lombard appoints Anand Singhi as chief – retail and government business : ICICI Lombard has brought on board Anand Singhi as its chief – retail and government business, the general insurance company said in a statement on Friday. “I see this as a great opportunity to contribute to the company’s continued success and innovation agenda. My journey thus far has equipped me with insights and experiences that I believe will compound growth and drive sustained profitability for the organisation,” Singhi said. – Economic Times.

Future Generali India Life Insurance appoints Alok Rungta as managing director & CEO : Future Generali India Life Insurance on Friday announced the elevation of Alok Rungta to the position of managing director and CEO effective April 1, subject to receipt of necessary regulatory approvals. Rungta – currently serving as deputy CEO and CFO of the insurance joint venture between Italian insurance company Generali Group, and Kishor-Biyani-founded Future Group – will take over from Bruce De Broize who will continue to be the MD and CEO until March 31. – economic times.

NCLT directs Zee to file reply on Sony’s application in two weeks : The Mumbai bench of the National Company Law Tribunal (NCLT) has directed Zee Entertainment Enterprises to file its reply to applications filed by Sony Group companies within two weeks. Sony Group units Culver Max Entertainment and Bangla Entertainment have filed two applications challenging the maintainability of Zee Entertainment’s plea seeking implementation of the merger scheme. – Business Line.

Rupee settles 1 paisa lower at 82.90 against US dollar : The rupee settled 1 paisa lower at 82.90 (provisional) against the US dollar on Friday amid rising crude oil prices in the overseas market and increased demand for the American currency from importers. At the interbank foreign exchange market, the local unit opened at 82.86 and traded in a narrow range of 82.84 and 82.91 against the greenback. The local unit finally settled at 82.90 (provisional) against the dollar, down 1 paisa from its previous close. – Business Line.

Sensex gains 1,245 pts, Nifty settles above 22,300 on impressive GDP data, foreign fund inflows : Sensex, Nifty updates on 01 March 2024: Benchmark equity indices Sensex and Nifty rallied more than 1.5% to hit their lifetime highs on Friday helped by impressive GDP data and fresh foreign fund inflows. The 30-share BSE Sensex jumped 1,245.05 points or 1.72 per cent to reach 73,745.35—its all-time closing peak. During the day, it zoomed 1,318.91 points or 1.81 per cent to hit a record intra-day high of 73,819.21. The Nifty climbed 355.95 points or 1.62 per cent to settle at a new closing high of 22,338.75. During the day, it soared 370.5 points or 1.68 per cent to reach its intra-day record peak of 22,353.30. A rally in global markets added to the positive momentum in the equity markets, analysts said. – Business Line..

1. Better-than-expected GDP print
   Indian economy grew 8.4 percent in the October-December quarter, the fastest pace in six quarters and above estimates, supported by robust manufacturing and construction activity.
   “The main factor influencing the market today is likely the better-than-expected Q3 GDP growth number which has come at an impressive 8.4 percent. The impressive GDP numbers provide the fundamental support to the bull market,” said said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
   Follow our market blog to catch all the live action
2. Elevated valuations supported
   The GDP data might be supportive of valuations, according to Deepak Jasani, Head of Retail Research, HDFC Securities, told Moneycontrol. “Valuations-wise, we have been at a high level for a few months now,” he said. Nifty is trading at a P/E of 23.45. At these levels, the markets have likely already baked in the current economic growth.
   “Already, fairly high growth is being factored in the current valuations and the better-than-expected GDP numbers is endorsing the growth. This makes the case for valuations to remain in the current buoyant zone,” said Pawan Bharadia, managing director at Equitree PMS.
3. Upbeat global markets
   Positive global cues also helped indices move higher. Wall Street stock closed in the green overnight, with S&P 500 and Nasdaq Composite settling at record highs after in-line U.S. inflation reading kept intact the likelihood of a June interest rate cut.
   Meanwhile in Asia, Japan’s Nikkei hit a fresh record high, buoyed by the bounce on Wall Street. China’s CSI 300 rose 0.2 percent after factory data and Hong Kong’s Hang Seng index also edged higher.
4. Encouraging US inflation data
   The in-line U.S. inflation reading also aided market sentiment as it kept intact the likelihood of a rate cut in June by the Federal Reserve. Rate cuts mean more liquidity in the market and a possibility of the Fed reducing rates soon as boosted positivity among participants.
5. FIIs in buying mode
   Foreign investors net bought shares worth Rs 3,568 crore in the previous session, while domestic institutional investors sold shares worth Rs 230 crore. In the month gone by, they bought Indian equities worth Rs 5,107 crore, after pulling over Rs 25,000 crore out of the domestic market. In the past decade, FIIs have turned out to be buyers of domestic stocks in March on eight occasions.

For information only

Last week, the BSE benchmark Sensex climbed 663.35 points or 0.90 per cent, and the Nifty jumped 165.7 points or 0.74 per cent.
Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday to check their preparedness to handle major disruption or failure at the primary site.
From the top-10 pack, TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC were the gainers, while Reliance Industries, Infosys and Life Insurance Corporation of India (LICI) faced erosion from their market capitalisation (mcap).
The market valuation of TCS climbed Rs 19,881.39 crore to Rs 14,85,912.36 crore.
ICICI Bank added Rs 15,672.82 crore, taking its valuation to Rs 7,60,481.54 crore.

The market valuation of State Bank of India jumped Rs 12,182.1 crore to Rs 6,89,917.13 crore, and that of HDFC Bank rallied Rs 7,178.03 crore to Rs 10,86,464.53 crore.
The mcap of Hindustan Unilever went up by Rs 5,051.63 crore to Rs 5,67,626.01 crore, and that of Bharti Airtel climbed Rs 4,525.14 crore to Rs 6,38,721.77 crore.
The valuation of ITC increased by Rs 811.39 crore to Rs 5,14,451.76 crore.
However, LIC’s mcap eroded by Rs 19,892.12 crore to Rs 6,54,763.76 crore.
The market valuation of Infosys declined by Rs 9,048.17 crore to Rs 6,86,997.15 crore, and that of Reliance Industries dipped Rs 3,720.44 crore to Rs 20,16,750.44 crore.
In the ranking of the most valued companies, Reliance Industries continued to lead the pack, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Infosys, LIC, Bharti Airtel, Hindustan Unilever and ITC.

1. The Central Board of Direct Taxes ( CBDT ) Chairman, Nitin Gupta, has announced that, the income tax department will autonomously clear pending petty tax demands for approximately 80 lakh taxpayers.
2. This initiative follows the government’s proposal, as outlined in the interim Budget, to withdraw direct tax demands up to Rs 25,000 for the fiscal year 2009-10 and up to Rs 10,000 for the financial years 2010-11 to 2014-15.
3. CBDT Chairman assured that the income tax department would erase these demands, relieving taxpayers of any action. The process is designed to be non-adverse to the assessee, and taxpayers won’t be contacted regarding this matter. However, details of the demands will be available on the individual taxpayers’ e-filing portal for review. If any issues arise, the department will address them promptly.
4. He highlighted that the CBDT would issue a “speaking order” to explain the process comprehensively. If taxpayers encounter problems related to demand cases, the department will address rectifications, pending appeals, or refund issues.
5. Approximately 80 lakh taxpayers are expected to benefit from this measure, involving an amount of about Rs 3,500 crore. The base figure of the demand, irrespective of the interest accumulated over the years, would be considered in determining eligibility for this initiative.

1. I request the central Government to pay me a Minimum Consultation Price(MCP) of 1000 Rs for every consultation and guarantee it by law and ordinance.
2. I also demand the central government to guarantee me a Minimum Monthly Salary (MMS) of 3 lakhs through parliament
3. I request the government to provide me with subsidised electricity,water,and “Doctors Credit cards” to use because I am a Pranadata
4. I studied using educational loans and loans from Bajaj Finance and wanted the central government to write off my loans.
5. I am a pranadatha and more vital than annadata and request the central government to make our sacred profession tax free.
6. Request this government to pay pension to every doctor after 60 years because we worked hard as a Pranadata all my life.
7. I request the central government to provide security with CRPF at all clinics, hospitals and Nursing homes
8. Since my spouse is also a doctor and working hard as a Pranadata,I request the central government to provide care taker for all the doctor families.
9. The government should also insure the doctors and their families for 50 lakhs premium all across the country
10. Even though the government is spending lakhs on educating me,I want the government to spend 75 percent of its budget as a Doctors welfare fund.

If the above demands aren’t met,we will break barricades,come to Delhi with specially designed Mahindra Thars and block the roads for months because I am a Pranadatha

DoctorsOnlineProtest

ONLY FARMERS CAN PROTEST ? ?……………

Paytm Bank’s exit from UPI unlikely to be disruptive : Paytm Payments Bank’s regulator-mandated virtual exit from the UPI platform may not have as disruptive an impact on the cashless transaction ecosystem as is being currently feared as most users have multiple backend accounts that are out of the scope of the central bank’s curbs. Furthermore, only about a sixth of the 90 million Paytm UPI users use the app as the sole application for transactions, people familiar with the developments said. – economic times.

West Bengal govt authorises Bandhan Bank for collection of tax, non-tax receipts : Bandhan Bank on Friday announced that it has secured a mandate to collect revenue on the Government Receipt Portal System (GRIPS) from the West Bengal (WB) government. This will enable people of the state to make their tax and non-tax payments through GRIPS. The bank said that it will soon be integrating with the Government of West Bengal to operationalise the payment collection process. – economic times.

Money laundering suspected: More payment banks under scanner : More payment banks may face regulatory action as the Financial Intelligence Unit (FIU) has detected about 50,000 accounts without know-your-customer (KYC) verification and potentially engaged in suspicious transactions and money laundering activities. About 30,000 of these are with payments banks other than Paytm Payments Bank and details have already been given to the Reserve Bank of India (RBI), which is looking into these and has sought further information, said people with knowledge of the matter. The banking regulator didn’t respond to queries. – economic times.

SBM Bank India names Ashish Vijayakar MD & CEO : Private sector lender SBM Bank India Friday said it has appointed Ashish Vijayakar as managing director and chief executive officer. The appointment is for three years starting February 17, the bank said in a statement. Vijayakar is a veteran banker with a track record spanning around three decades in the banking and financial services sector. “With his proven track record of driving business growth, leading transformational initiatives and fostering winning teams, Vijayakar’s leadership will propel SBM Bank India to new heights of success,” said Sattar Hajee Abdoula, chairman, SBM Bank India. – Economic Times.

RBI’s restrictions card network will reduce volumes but not hit profits of banks’ card business : The Reserve Bank of India’s diktat restricting card networks from supporting business card issuance by non-bank intermediaries will hit the volume of card spends but will not impact profits in the card business, said Macquarie Capital in a report Friday. The RBI placed restrictions stating various violations, like payments being made to entities not registered as merchants on card networks. According to banks, the value of transactions in these cards is high, but since they do not attract the same level of fees (merchant discount rate) as retail sales, their card earnings will not be significantly hit. – economic times.

LIC launches Amritbaal, a traditional savings life insurance plan for children : The Life Insurance Corporation of India (LIC) has announced the launch of Amritbaal, a traditional endowment policy- non-linked, non-participating – aimed at parents who are looking to build a higher education for their children over the long term. The minimum age at entry (for the child) is 30 days, while the upper limit is 13 years.

At maturity, the minimum age is 18 years while the maximum is 25 years, LIC said in an official release. – moneycontrol.

HDFC Bank’s savings accounts gets boost post merger : The merger of HDFC Bank with mortgage lender HDFC has boosted savings accounts portfolio of the bank. Pre-merger about 30% to 35% of incremental disbursals were to an HDFC Bank savings account customer. This number has risen about 80% of incremental disbursals, post-merger. “Our aspiration is reach 90% by the end of this fiscal,” said Arvind Kapil, Country Head – Mortgage Banking, Home Loan, LAP, HDFC Bank. He added that the bank will continue its efforts to get remaining 10 % customers. – financial express

Income Tax refunds: LIC’s Q4FY24 net profit to get ₹21,741 crore boost : Life Insurance Corporation of India (LIC) on Friday said the Income tax Department has released refunds aggregating ₹21,740.77 crore for seven assessment years beginning 2012-13. This refund will boost the life insurance behemoth’s bottomline in the fourth quarter. “The total amount of refund was ₹25,464.46 crore. In this regard, the IT Department has released ₹21,740.77 crore on February 15, 2024. The corporation is pursuing for the balance with the IT Department,” LIC said in a regulatory filing. The corporation reported a 49 per cent year-on-year jump in third quarter standalone net profit at ₹9,444 crore against ₹6,334 crore in the year ago quarter. – Business Line.

Sundaram Home Finance targets to double disbursements in Maharashtra next year : Sundaram Home Finance has opened a new branch in Navi Mumbai, as the subsidiary of Sundaram Finance Ltd aims to double the disbursements made in Maharashtra next year. The expansion plan was in the backdrop of the region offering potential to home finance, a top official said. “Mumbai is the largest and fastest growing real estate market in the country. We currently operate out of Thane catering to the outskirts of Mumbai. This expansion in the business capital is driven by the growth of Navi Mumbai and the potential it offers for our home finance business,” said the company’s Managing Director Lakshminarayan Duraiswamy. – Business Line.

Gold loan companies request RBI to probe banks violating loan-to-value norms : The Association of Gold Loan Companies has requested the Reserve Bank of India to look into violations by some banks’ branches of the norm that caps the amount of loan that can be given against the pledge of gold ornaments and jewellery. This comes against the backdrop of banks’ sustaining their focus on growing their gold loan portfolio even after the RBI’s temporary relaxation (from August 6, 2020, to March 31, 2021) in the LTV (loan-to-value) norm ended. “We have taken up the matter with the regulator because some of the banks (both public sector and private sector) and some of their branches are violating the LTV norm,” said George Alexander Muthoot, Managing Director, Muthoot Finance. – Business Line.

Nifty closes above 22,000 mark, extends gains for fourth straight session : Sensex, Nifty updates on 16 February 2024: Indian equity markets continued their upward trend for the fourth consecutive session on Friday, with the Nifty closing above the 22,000 level. The benchmark indices were driven by strong performances from L&T, Infosys, and M&M, supported by positive global market trends. The Sensex rose by 376.26 points or 0.52 per cent to close at 72,426.64, while the Nifty climbed 129.95 points or 0.59 per cent to finish at 22,040.70. Wipro led the gains on the Sensex, rising by 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India, and IndusInd Bank. However, PowerGrid, SBI, Reliance, NTPC, and Axis Bank were among the stocks that lagged. In the US, the market closed higher in overnight trading on Thursday, while in Asia, Japan’s Nikkei, Hong Kong’s Hang Seng, and South Korea’s Kospi ended with significant gains. – Business Line.

Rupee moves up 4 paise to 83.