Capturn | Your Finance Captain

NSE has cut the lot size by half. 1. Brokerage will Double 2. Margin requirement for selling options will go down 3. Volumes will increase

APPLE TO INDIA: WE WILL NOT UNLOCK IPHONES Apple has refused the Indian Enforcement Directorate's (ED) request to unlock the iPhone of Arvind Kejriwal, Chief Minister of Delhi. Kejriwal, accused in a case related to an alleged policy scam, has criticized the actions as politically motivated. Sources: Hindustan Times

Air Conditioner industry is expecting a total sale of 1.20 crore Room AC units in 2024. Top 5 brands with highest market share are : LG : 18% Voltas : 17% Daikin : 11% Havells : 9% Bluestar: 9%

India will soon end all toll plazas, to introduce a satellite based system, says Minister Nitin Gadkari.

Rahul Gandhi on the Indian Express Most Powerful Indian list (Rank): 2024: 16 2023: 15 2022: 51 2021: 39 2019: 25 2018: 11 2017: 10 2016: 9 2015: 11 2014: 2 2013: 1 (Indian Express)

Where the rupee comes from, where the rupee goes.

India's new tax rules come into effect from today 🇮🇳 Upto 3 lakh - 0 3 lakh to 6 lakh - 5% 6 lakh to 9 lakh - 10% 9 lakh to 12 lakh - 15% 12 lakh to 15 lakh - 20% 15 lakh and above - 30%

Chander Bhatia's strategy to create long-term wealth: (1) No trading. (2) Zero investment in loss-making businesses. (3) 96-97% investment in equities. Most generating cash-flows and paying dividends. (4) Permanent equity investment mindset. But stocks are added, reduced, and sold depending on future outlook and valuation. (5) Dividend income is more than annual expenses. (6) Zero debt. (Rohan Das)

India is a high tax nation. But, investing in equities (stocks), the good thing is --- that you can easily do tax loss harvesting. Some basic points: [1] If you have (let's say) booked 25 Lakhs of profits. You will have to pay 15% STCG & 10% LTCG tax on this. So average tax (assuming 12.5%) would somewhere be around: 3.125 Lakhs on 25 lakhs of gain. [2] But, if you have some loss making stocks in your portfolio (let's say worth 10 Lakhs). Now you sell your 10 Lakhs of stocks. And, can offset your 25 Lakhs of profits. (25-10= 15) So tax liability will come on 15L of remaining profits. Tax to be paid on 15L@12.5%= 1.875 Total tax saved 3.125-1.875= 1.25L (Yes, I am not talking about 1 Lakh of tax that you can anyways save under certain sections; just using a simple example to explain the practical point) (Akshat Shrivastava)

Top 10 Highest retail shareholding stocks 1) Remedium life 80% 2) Unitech 76% 3) Urja Global 75% 4) Websol 62% 5) Orient Green 60% 6) Dhanlaxmi Bank 58% 7) HCC 53% 8) Bajaj Hindustan 52% 9) Rpower 51% 10) Avantel 49%

MP Rahul Gandhi promises 50% reservation for women in government jobs if Congress voted to power.

India’s largest IT firm, Tata Consultancy Services (TCS), has begun campus hiring, bringing huge relief to engineering graduates. TCS has called applications from BTech, BE, MCA, and MSc batches of 2024. The last day to apply is April 10, and tests will be held on April 26. The company is hiring for 3 categories (package per annum): Ninja: Rs 3.36 lakhs Digital: Rs 7 lakh Prime: Rs 9-11.5 lakh Since the company hasn't specified the numbers, it's unclear how many offer letters will be given out by India's top IT sector recruiter.

Xiaomi SU7 With 486V UltraFast Charging Launched At Around 25 lakh The pricing is below the Tesla Model 3 in China 🇨🇳

Goldman Sachs said it expects India’s bond markets to see inflows “upwards of $40 billion from the time of announcement to the end of the scale-in period, or around $2 billion per month.” (CNBC) Indian bonds are set to be added to global indexes.

Number of orders delivered by e-commerce companies in India per day. Amazon - 26 lakh Flipkart -24 lakh Meesho - 37.5 lakh A 9-year-old Indian startup, Meesho has overtaken the e-commerce giants in order volume, and became the fastest-growing e-commerce company in India. (Source: ET)

If India does this: -Half of Elvish army will vanish -Less cringe in the name of dank jokes -Sourav Joshi will stop making videos -Higher cut off marks in all exams -Brighter future and Viksit Bharat by 2047

Indian origin Pavan Davuluri, an IIT Madras alumni, has been appointed Microsoft Windows and Surface chief. (India Tech & Infra)

Beautiful message by Mark Minervini

Small-cap stocks that Promoters are continuously buying. Also they are not overly expensive (low P/E) & have decent RoCE's: 1. Kilburn Engineering Ltd: CMP ₹316 2. Thangamayil Jewellery Ltd: CMP ₹1,190 3. Dynamic Cables Ltd: CMP ₹374 4. Linc Ltd: CMP ₹509 5. Cybertech Systems & Software Ltd: CMP ₹139 6. National Plastic Technologies Ltd: CMP ₹435 7. Som Distilleries & Breweries Ltd: CMP ₹277 8. NRB Bearings Ltd: CMP ₹269 9. Kriti Nutrients Ltd: CMP ₹95 10. Unique Organics Ltd: CMP ₹118 11. Avonmore Capital: CMP ₹92 12. Monarch Networth Capital: CMP ₹534 13. Tide Water Oil: CMP ₹1,410 14. Aarti Pharmalabs: CMP ₹445 (Rohan Das)

Do you know about these Indian origin CEOs? 1. Sanjay Mehrotra - CEO of Micron Technology 2. Shantanu Narayen - CEO of Adobe 3. Satya Nadella - Chairman and CEO of Microsoft 4. Sunder Pichai - CEO of Alphabet and Google 5. Jay Chaudhry - CEO of Zscaler (cloud security company) 6. Arvind Krishna - CEO of IBM 7. Neal Mohan - CEO of YouTube