Berojgar Goutam

22/07/2023

Joining the brigade! has conquered Bigg Boss OTT with his charm and personality. Let's unite and make him the ultimate champion! 🎉

22/07/2023

There's no dull moment with inside the Bigg Boss OTT house! He's adding the right dose of laughter and drama to keep us hooked. You're a winner, Elvish! 🌟

04/04/2023

SEBI approves ₹33,000 Cr backstop fund to safeguard corporate debt market

On Wednesday, the Securities and Exchange Board of India (SEBI) gave the go-ahead to set up a new fund called the Corporate Debt Market Development Fund (CDMDF). This fund aims to support the corporate bond market securities by absorbing the panic selling pressure if there is a situation of market dislocation.

This alternative investment fund is likely to increase confidence in investors and improve liquidity in the secondary bond market. SBI Mutual Fund has been selected to manage the CDMDF and it will have a guarantee from the National Credit Guarantee Trust Company (NCGTC).

The initial investment is fixed at ₹3,000 Cr, which will be pooled by the asset management companies. The government has approved 10 times leverage on the fund, taking it to ₹33,000 Cr. During times of disruption, the mutual fund companies will be allowed to withdraw the fund in proportion to the contribution made by them at a mutual fund level.

If a mutual fund company contributes 10% to the initial corpus of ₹3,000 Cr, it will have access to a maximum of 10 times that amount in case of necessity. SEBI also stated that only the contributors to the fund would be allowed to access the funds in times of trouble.

Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. Investments in securities market are subject to market risk, read all the related documents carefully before investing: https://bit.ly/2VBt5c5

Source: SEBI

21/03/2023

On Thursday, March 16th, 2023, real estate major DLF Ltd announced the sale of its entire luxury project in Gurugram, comprising 1,137 flats each costing Rs 7 crore and above, for over Rs 8,000 crore within 3 days. This is a record-breaking feat for DLF a…

21/03/2023

On Thursday, March 16th, 2023, real estate major DLF Ltd announced the sale of its entire luxury project in Gurugram, comprising 1,137 flats each costing Rs 7 crore and above, for over Rs 8,000 crore within 3 days. This is a record-breaking feat for DLF and a sign of the strong demand for premium flats across major cities in India. In response, shares of the real estate developer DLF increased by over 9% to Rs. 377.5 in the two days following the real estate giant's announcement.

The project, called "The Arbour", is located in Gurugram, a city in the northern Indian state of Haryana. It is situated in the National Capital Region (NCR) and is one of the most important economic and industrial hubs in the country. The project is spread over an area of 14.5 acres and consists of 1,137 luxury apartments, priced at Rs 7 crore and above.

The success of the project is a testament to the growing demand for luxury housing in India. According to a report by the National Real Estate Development Council (NAREDCO), the luxury housing segment has seen a growth of 15-20% in the last five years. This is due to the increasing disposable incomes of the middle class, as well as the rising demand for high-end amenities and features in residential projects.

This is also indicative of the growing trend of pre-launch sales in India. Pre-launch sales are a way for developers to generate interest and create buzz around their projects before they are formally launched. This helps them get a better idea of the demand for their projects and also helps them secure funds for the project.

A further indication of the rising demand for luxury real estate in India is The Arbour's success. A survey states that over the next five years, the luxury housing industry in India is predicted to expand at a CAGR of 8-10%. This is brought on by both the rising demand and for upscale housing in Tier 1 cities and the country's growing population of high-net-worth individuals (HNIs).

The popularity of The Arbour is an evidence of the rise in future demands for upscale living in India. It also demonstrates the success of pre-launch sales and the rising demand for luxury properties in the nation. This will definitely encourage the Indian real estate industry, and more such initiatives are probably in store for the future.

07/03/2023

NSE’s index services subsidiary, NSE Indices Limited launched India’s first-ever Municipal Bond Index in the backdrop of rising appetite for such instruments among investors. The company launched the Nifty India Municipal Bond Index at a SEBI workshop on…

04/03/2023

Hindustan Unilever's detergent brand, Surf Excel, became India's first home and personal care brand to surpass one billion dollars in annual sales in 2022. It also became the first brand under HUL to achieve the milestone, with total sales of Rs 8,200 crore.

Hindustan Unilever's detergent brand, Surf Excel, became India's first home and personal care brand to surpass one billion dollars in annual sales in 2022. It…

04/03/2023

Hindustan Unilever's detergent brand, Surf Excel, became India's first home and personal care brand to surpass one billion dollars in annual sales in 2022. It also became the first brand under HUL to achieve the milestone, with total sales of Rs 8,200 crore.

The company's emphasis on quality products was what drove this. The brand currently dominates the country's entire detergents market, which is anticipated to reach more than Rs 70,000 crore by 2027. The surf detergent brand launched the 6th decade ago now controls over a fifth of India's overall detergent market worth Rs 35000 cr.

HUL has developed many different detergent brands in

India to compete with lower-priced goods produced by

rivals, but it has always maintained the premium label for

Surf Excel.

With the "premiumization" of the market with liquid detergents and fabric softeners, the corporation increased revenues as more customers converted to more expensive goods. Surf Excel's sales grew by 32% despite inflation, mainly due to an increasing preference for Rs 10 packs.

Over the years, the brand has taken advantage of Unilever's R&D experience to build unique solutions for India that have been successfully implemented nationwide. Surf excel has expanded its manufacturing and distribution network by building the largest manufacturing facility in Uttar Pradesh.

Currently, Surf Excel generates more than 5000 Cr in sales, 14% of the company's net revenue, and 45% of the laundry segment's sales. Despite being in retail for only 60 years, Surf Excel is giving all of its rivals a run for their money.

It is the country's oldest detergent powder brand and is credited with coining "Old is Gold." Surf Excel consistently upheld the quality of its products. In terms of TV advertisements, they also outperformed the opposition.

Moreover, it asserted its position at the top using a strict marketing strategy. One of the country's oldest domestic brands, it displayed its dominance in the market with grace.

03/03/2023

Today stock news

📊After a flat start, the Nifty50 slipped below 17,400 and is trading in the red. Here are the headlines from today’s trading session. ⭐L&T bags order worth…

01/03/2023

Stocks in news today

28/02/2023

Markets remain in a narrow range and are trading flat. Here are the top stories at the moment

Markets remain in a narrow range and are trading flat. Here are the top stories at the moment. 👉SBI Card partners with CRED SBI Card has partnered with…

17/02/2023

Stocks in news today-

Ultratech: Company announced commissioning of 1.30 mtpa brownfield cement capacity at Hirmi in Chhattisgarh, and 2.80 mtpa greenfield grinding capacity at Cuttack in Odisha.

This is a part of the ongoing capacity expansion. With this, company's total cement manufacturing capacity in India now stands at 126.95 mtpa.

Railtel: Company has received the work order from Bangalore Metro Rail Corporation for supply, installation testing and commissioning of the IT network Infrastructure amounting to Rs 27.07 crore.

Bharat Forge: Bharat Forge, Hindustan Aeronautics' foundry and forge division, and Saarloha: Advanced Materials have signed MOU for collaboration in development and production of aerospace grade steel alloys

Vedanta: Company has been declared as preferred bidder for nickel, chromium and associated platinum group elements block in Chhattisgarh. The preferred bidder is based on highest final price offer of 4.15% submitted by the company.

Crisil: Board of Directors of the company is scheduled to meet on February 17 to consider consolidated and standalone financial results for the quarter and year ended December 2022 and recommend dividend, if any, for the financial year (2022)

Siemens: Company on Thursday announced the launch of private 5G industrial router, which is believed to be a critical component for the manufacturing industry In its digital transformation.

HDFC: Company on Thursday concluded its largest ever rupee bond issuance on Thursday by raising Rs 25,000 crore of 10- year non-convertible debentures (NCDs) carrying a coupon of 7.97 percent per annum (annualized), it said in a statement.

Hindustan Zinc: Management said that the planning to get in touch with the mines company is ministry to resolve the differences over the acquisition of overseas assets of holding company Vedanta Ltd, Hindustan Zinc.