Finance Ministry to Borrow Rs 7.5 lakh Crore in H1FY25, Plans to Raise Sovereign Green Bonds
EquityPandit
by Ali Waghbakriwala
2h ago
The Finance Ministry recently revealed that the centre plans to borrow Rs 7.5 lakh crore from the market through dated securities in the first half of the financial year 2025. This is 53.1% of the full-year target of Rs 14.13 lakh crore. The Centre has lowered its borrowing target for the first half, possibly due to the upcoming elections in April-May, which may slow down official spending. Experts believe that this lower borrowing target for the first half will have a positive impact on bond yields. The government plans to raise Rs 12,000 crore of the projected borrowing through sovereign gre ..read more
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Reliance Power to Settle Debt Worth Rs 1,023 Crore With Authum Investment’s Arm
EquityPandit
by Ali Waghbakriwala
2h ago
Reliance Power Ltd. shares surged 3% as it recently announced that two of its subsidiaries, Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have successfully settled a debt worth Rs 1,023 crore with Reliance Commercial Finance Ltd (RCFL), a subsidiary of Authum Investment & Infrastructure Limited, a regulatory filing said. Reliance Power had recently sold its 45 MW wind power project in Maharashtra to JSW Renewable Energy for Rs 132 crore, and the funds raised from the sale of these assets were utilised to retire the debt. Similarly, in December 2023, Kalai Power sold the development rights ..read more
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BHEL Shares Rally 4% on Bagging Rs 4,000 Crore Order
EquityPandit
by Ali Waghbakriwala
2h ago
Shares of Bharat Heavy Electricals Limited (BHEL) rallied 4% during the early trading hours of 28 March after the company announced securing a Rs 4,000 crore order from Adani Power. In its regulatory filing, the company said that they have received an order for setting up the 2×800 megawatt (MW) Raigarh Phase-II thermal power plant at Raigarh, Chhattisgarh from Adani Power. The order is for the supply of equipment, including boiler, turbine, and generator and the supervision of erection and commissioning for a 2×800-MW power project based on supercritical technology at Raigarh Phase II, Chhatt ..read more
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Gartner Survey Shows AI-Related Risks see Greatest Audit Coverage Increases in 2024
EquityPandit
by Ali Waghbakriwala
8h ago
Gartner surveyed 102 chief audit executives (CAEs) to evaluate the importance of assuring 35 different risks. The survey found that the rapid growth of generative artificial intelligence (GenAI) has led to a surge in the demand for audit coverage of potential risks that may arise from the use of this technology. The top six risks that require the most audit coverage are strategic change management, diversity, equity and inclusion, organisational culture, AI-enabled cyber threats, AI control failures, and unreliable outputs from AI models. However, Gartner’s findings reveal that internal audito ..read more
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Sharechat Raised Rs 408 Crore via Debt Financing from Investors
EquityPandit
by Ali Waghbakriwala
8h ago
Social media company ShareChat, owned by Mohalla Tech Pvt Ltd, has raised approximately Rs 408 crore (equivalent to $48.89 million) in debt through a convertible debentures round led by Tencent and existing investor Lightspeed. The funding comes at a time when many tech startups are facing a funding winter. Convertible debentures are a type of long-term debt that can be converted into stock after a specified period. These debentures are typically unsecured bonds or loans, meaning that there is no primary collateral associated with the debt. HarbourVest, Moore Strategic Ventures, Rimco, and Alk ..read more
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The Ultimate Guide To Understanding ULIP Investments
EquityPandit
by Ali Waghbakriwala
1d ago
When it comes to long-term wealth creation and financial security, making the right investment decisions is crucial. One investment avenue that has gained popularity among investors in India is Unit-Linked Insurance Plans (ULIPs). ULIPs offer a unique combination of life insurance and market-linked investments, making them a versatile and attractive option for individuals looking to grow their wealth while protecting their loved ones. In this comprehensive guide, we will delve into the world of ULIPs, exploring their meaning, benefits, and types, as well as how to choose the right ULIP plan fo ..read more
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Japan and UK in Technical Recession: Global Impacts with India’s Economic Resilience
EquityPandit
by Ali Waghbakriwala
1d ago
After the economies released their third and fourth-quarter Gross Domestic Product (GDP) performance results, it was reported that a recession took place in the world’s largest economies. The United Kingdom (UK) entered a recession in 2023, just ahead of its general election, according to the data provided by the Bank of England. In the meantime, Germany replaced Japan as the world’s third-largest economy. Japan slipped into a recession phase, as reported by the Bank of Japan. On the other hand, India is currently reported to be the world’s fifth largest economy, accor ..read more
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What Is Commodity Trading: Definition, Types, and How It Works 
EquityPandit
by Ali Waghbakriwala
1d ago
Commodity trading is a trading method that involves the buying and selling of various tangible assets, including energy goods, metals, agricultural products and environmental goods. This method is a very age-old financial practice that has been the backbone of global trade for centuries. The value of Commodities is tied to real-world supply and demand along with other macroeconomic conditions, including changes in weather, technological advances, and political development. In this article, we will cover everything about commodity trading, including what it is, different types of commodities, h ..read more
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Reliance-Disney Merger: Reshaping the Industry Landscape
EquityPandit
by Ali Waghbakriwala
1d ago
India’s media and entertainment industry has witnessed a big development as Reliance Industries and Walt Disney have announced a joint venture. They will merge their streaming and TV operations in India to create an entertainment giant worth 8.5 billion dollars, i.e., a 70,352 crore media powerhouse, which has happened after about four months of negotiations.  The merged entity will be chaired by Nita Ambani, with former Walt Disney executive Uday Shankar as the vice chairperson. The joint venture will bring together media assets across entertainment, TV channels, and sports channels.&nbs ..read more
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Foreign Direct Investment: A Catalyst for Global Economic Growth
EquityPandit
by Ali Waghbakriwala
1d ago
‍Foreign Direct Investment (FDI) is a powerful driver of economic growth, fostering international collaboration and opening new avenues for development. This article delves into the meaning, benefits, types, and significance of FDI, shedding light on its impact across various industries and nations. By exploring the intricacies of FDI, we can comprehensively understand its role in shaping the global economy. What is Foreign Direct Investment (FDI)? FDI is an integral part of the global economy that involves the acquisition of a significant stake in a foreign business by an investor or organisa ..read more
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