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Chinese bosses are vanishing! At least 11 company chairmen, mostly from debt-ridden property firms, have disappeared this year. Investors are spooked, sending share prices plummeting. While the reasons are unclear, whispers of government crackdowns fuel anxiety.
The first ever reliance-tata venture might happen. Reliance is in talks with Walt Disney to buy Disney’s 29.8% stake in Tata Play. If successful, it signifies Reliance’s push into satellite TV and potential for Tata Play’s growth amidst losses. Concurrently, Reliance pursues a majority stake in Disney’s India entertainment operations, indicating a broader multimedia expansion strategy.
EU alleges Indian companies aided the Russian-Ukraine war. The EU has proposed sanctions on Indian & China companies with trade restrictions. The listed companies have been accused of contributing to Russia’s military and technological capabilities.
Head:
Breaking: “India’s GDP growth could hit 8% p.a., as manufacturing sector gets a boost”
—CNBC
<3D asset of Indian map with manufacturing-related illustration over it + exponential graph>
The manufacturing sector accounts for about 16% of the GDP and there is an aim to increase it to 25%. Invest in the manufacturing sector to earn up to this growth with our “Atmanirbhar” portfolio.
The Sovereign Gold Bond Scheme 2023-24 closed for investment on Friday, offering investors an attractive option to invest in gold with benefits of the scheme including,
First tranche of SGBs in FY2024 broke records with 77.69 lakh units subscribed, highest ever for the scheme. This surpassed the previous record of 63.5 lakh units in FY21. Clearly, SGBs are becoming more popular as an alternative to physical gold. Read our expert’s opinion about this.
“Investing in sovereign gold bonds (SGBs) is a great choice for individuals seeking exposure to gold over a long term horizon. The interest rate is taxable, however the capital gains aren;t taxed. SGB series 2016 series I yielded 13.6% in Feb 2024 after maturity. Those who want more liquidity can definitely opt for gold mutual funds”
worth Amazon shares were sold by the company’s CEO Jeff Bezos.
In total, he’s now sold about 36 million shares. There’s no official reason yet but it may have something to do with him moving to Florida, saving him $430 million in taxes. (Florida doesn’t have a capital gains tax)
Following the Paytm fiasco, there were rumours of Jio Financial buying out Paytm’s wallet business. Jio Financial denies these claims
<Paytm X Jio – use images from this reel for this thumbnail image>
Copy: Paytm X Jio: Will it happen?
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