Month: March 2020

Government to borrow Rs 4.88 lakh crore in first half of FY21: DEA Secretary Atanu Chakraborty

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The government will borrow Rs 4.88 lakh crore in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday.

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at Rs 7.8 lakh crore, higher than Rs 7.1 lakh crore estimated in the current fiscal.

Gross borrowing includes repayments of past loans.

Presenting Budget for 2020-21, Sitharaman had said net market borrowing for the year 2019-20 would be Rs 4.99 lakh crore and for the year 2020-21, it would be Rs 5.36 lakh crore.

“A good part of the borrowings for the financial year 2020-21 would go towards the capital expenditure of the government that has been scaled up by more than 21 percent.

“As I had previously mentioned another about Rs 22,000 crore have been allocated for equity to fund certain specified infrastructure finance companies, who would leverage it manifold and provide much-needed long-term finance to the infrastructure sector. That should spur growth impulses in the economy,” she had said on February 1.

The government raises funds from the market to fund its fiscal deficit through dated securities and treasury bills.

The Budget has pegged fiscal deficit at 3.5 percent for the next fiscal, down from 3.8 percent of the GDP in the current financial year.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Restaurants, food delivery platforms step forward to feed the hungry

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The National Restaurants Association of India and food tech leaders Swiggy and Zomato have all come forward with social initiatives to serve those affected by the COVID-19 crisis in the country.

The National Restaurants Association of India (NRAI), which represents over 5 lakh restaurants in the country, said on Tuesday it is working to utilise the kitchens and restaurants of its members across big cities to prepare and distribute food to migrants, the poor and others impacted by the crisis. The association said it aims to distribute 10 million meals during the lockdown.

NRAI members themselves have suffered a big business impact as most restaurants remain shut during the lockdown. Even while the government has allowed food deliveries from restaurants and cloud kitchens, NRAI has asked all its members to keep restaurants closed till the lockdown citing health risks and safety concerns.

The association has said it will produce and distribute about 10 million meals in coordination with various authorities and NGOs during the period of this lockdown. These meals cost anywhere between Rs 20 to Rs 25 per head and the financial resources for this initiative will be partially crowd-funded.

“As a responsible and large industry body, we realise that our available infrastructure of kitchens, employees and storage facilities can easily be leveraged to address one of the key current concerns in India – how to feed the underprivileged? With our ready infrastructure and minimal people deployment, we can easily cater to the needs of thousands of needy people. We only need blessings and support of various State authorities; we will run the complete infrastructure of production to supply,” said Anurag Katriar, President of NRAI and CEO and Executive Director of deGustibus Hospitality Pvt. Ltd.

NRAI said the idea began from its Delhi chapter and is already being replicated in Kolkata, Mumbai & Bengaluru.

Swiggy on Tuesday announced it has established a ‘Swiggy Hunger Savior COVID Relief Fund’ for its delivery partners and their families. CEO Sriharsha Majety has committed 50 percent of his annual salary towards this fund, the company said. Swiggy aims to raise Rs 10 crore for this fund and has already raised over Rs 4 crore through initial contributions from Swiggy, founders and employees.

Through the fund, delivery partners will be covered with Income-Protection Insurance where up to 14 days of income is insured if they are tested positive with COVID-19. The fund will also be used to provide sustenance support through food and grocery care packages to the partners and their families.  Additionally, parents and family members of the Delivery Partner currently not covered by existing medical insurance will also be covered by the fund towards medical or hospitalization expenses related to COVID-19.

Swiggy saw operations being hit across cities over the past two weeks, though services have gradually resumed across many of the major cities the platform operates in. The company is also working with several authorities to begin the delivery of groceries and essentials, which Swiggy already offers in Bengaluru and Gurugram.

“Our industry is built on the efforts of our delivery partners. It is in times like these, that we come together to appreciate and support those who are putting their lives at risk to serve others. To assist our delivery heroes during these testing times, we have initiated this special fund which will be supported by Swiggy and our investors. I am overwhelmed by this collective initiative to support one another while also doing what we do best, which is serving customers”, said Sriharsha Majety, CEO, Swiggy.

Zomato had started the ‘Feed the Daily Wager’ initiative a few days ago to provide ration kits containing rice, pulses as well as soap for families of daily wagers.

CEO Deepinder Goyal, who has been updating about the contributions to the fund on Twitter, said Rs 17 crore had been received till Monday. Goyal had announced over the weekend that Zomato was upping the target for the fund to Rs 50 crore from Rs 25 crore.

The company has partnered with NGOs as well as e-grocery platforms Grofers and BigBasket to put together and deliver these kits.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

COVID-19: Does your health insurance cover it? Experts answer

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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As the COVID-19 pandemic grips the world, the focus on health insurance plans and how to protect yourself.

According to Shanai Ghosh, CEO of Edelweiss General Insurance this is the right time that everybody realises the value and worth of health insurance.

“We are realising that a lot of people do not really understand insurance. There is lack of awareness around what kind of health insurance policy you own. There is a need to educate customers about their own policies. They have their own policies, but still there is fear that is COVID-19 covered,” he said.

“All illnesses are covered; unless it is pre-existing and it is under a wait period, all illnesses are covered. If it is beyond the 30-day initial waiting period as per our policy, all illnesses are covered,” she added.

Ghosh also said that they have sought permission from IRDAI to entertain COVID-19 related claims even within the 30-day waiting period.

Reiterating Ghosh, Mayank Bathwal, CEO of Aditya Birla Health Insurance said, “COVID-19 is covered in all the indemnity policies and customers need not worry. In fact, we, and all other insurers are making sure that if any claim comes, they are ready to deal with these issues fully.”

Speaking about whether mediclaim would cover testing and quarantine if the tests are found to be negative, Sarbvir Singh, CEO of policybazaar.com said, “If the test leads to hospitalisation, then it is covered by all insurance policies. However, if it does not lead to hospitalisation, then it is unlikely to be covered. The government has fixed the test at Rs 4,500 and that is something that individual consumers will have to bear. However, it probably is a price worth bearing in the current environment.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Coronavirus crisis: Amazon, Instacart, Whole Foods employees walk out amid high demand for home-delivery

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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At a time when the home-delivery services of e-commerce companies are most in demand with the delivery boys playing a key role in ensuring supply of essential items to people amid lockdowns over coronavirus crisis, workers of Instacart, Amazon and Whole Foods are walking out.

While workers of Instacart, a grocery delivery service, and an Amazon warehouse in New York City walked out yesterday, a group of employees of Whole Foods, a supermarket company, called for a “sick-out” on Tuesday demanding enhanced safety measures and better pay to compensate for risk.

According to a report in The New York Times, Instacart workers demanded more disinfecting material, bigger tips and shares of delivery fees, an expansion of sick pay among others. The report said that though the number of employees walking out was not known, the organisers estimate some thousands of employees refusing to come to work. However, the company said it was unaffected by the walkout, it added.

As the NYT report mentions, the Amazon walkout in Staten Island was led by a worker who claims he had been alarmed after learning about a colleague being ill. Christian Smalls, according to the report, said that he had suggested the management that the center should be closed for two weeks after the same colleague tested positive for coronavirus.

While the organisers said several dozen workers participated in the protest, Amazon, denying the accusation, has said that fewer than 15 had done so, NYT said.

Whole Foods employees called for a mass ‘sick-out’ as an act of protest. “As this situation has progressed, our fundamental needs as workers have become more urgent. COVID-19 poses a very real threat to the safety of our workforce and our customers. We cannot wait for politicians, institutions, or our own management to step in to protect us,” the company said.

Whole Foods has temporarily relaxed its strict attendance policy, meaning the staff can participate in protest without fear of reprisal.

Follow our live blog on coronavirus here for all the latest updates

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

ONGC, IOC, other oil firms, contribute over Rs 1,031 crore to PM COVID-19 fund

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and other public sector oil companies have contributed over Rs 1,000 crore to the Prime Minister CARES Fund to help in the fight against COVID-19 pandemic.

ONGC was the top contributor with Rs 300 crore, followed by IOC chipping in Rs 225 crore. Privatisation-bound Bharat Petroleum Corp Ltd (BPCL) provided Rs 175 crore, while Hindustan Petroleum Corp Ltd (HPCL) chipped in Rs 120 crore.

Petronet LNG Ltd gave Rs 100 crore, gas utility GAIL Rs 50 crore and Oil India Ltd another Rs 38 crore.

ONGC Chairman and Managing Director Shashi Shanker said the company gave Rs 300 crore from its corporate social responsibility (CSR) funds while the company employees contributed two days’ salary, totalling Rs 16 crore, to the fund.

“We are maintaining oil and gas production by practicing social distancing,” he said adding besides contributing to the PM fund, company employees and their families have feeding hungry daily wagers.

In Vadodara, company employees not just fed daily wagers but also handed over 300 ration kits (8 kg each) to the district police chief for distribution. At Dehradun, the company distributed 10,000 sanitizers and an equal number of face masks to poor slum dwellers.

In Noida, ONGC employees at their personal level handed over 100 food packets to the police, he said.

“IndianOil as a responsible corporate is contributing Rs 225 crore to #PMCaresFund specially created to combat COVID-19 pandemic,” the company said in a tweet adding its employees are also contributing two days’ of their salary towards the fund.

In a statement, Petronet LNG Ltd said it has made a contribution of Rs 100 crore to the PM CARES fund.

“While ensuring a seamless supply of LNG to India, the company stands with the nation and has also contributed Rs 1.53 crore to various health institutions for procuring personal protective equipment for healthcare workers at Bharuch in Gujarat and Kochi in Kerala,” it said.

BPCL in a statement said it continues to operate units, feeding the nation with fuel and LPG.

“We want to assure everyone that we have enough of LPG stock, across our network. All our LPG plants have enough manpower to operate them and all our distributors are making all efforts to deliver Bharatgas cylinders at the doorstep of our consumers,” it said.

“BPCL and its subsidiaries commit Rs 175 crore towards PM CARES fund to help the government to combat coronavirus, as our humble contribution towards the well-being of the society,” it said.

Oil India Ltd Chairman and Managing Director Sushil Chandra Mishra said the company is contributing Rs 38 crore to the fund. “OIL strives not only towards energy security of the nation but also is resolved in rising to the occasion to combat this difficult time.”

Besides, employees of OIL have contributed one day’s salary to the PM fund, he said.

GAIL, besides contributing Rs 50 crore to the PM Fund, said its employees have contributed 2 days’ salary amounting to Rs 3.8 crore.

Further, Numaligarh Refineries Ltd has contributed Rs 25 crore, OIDB Rs 17 crore, MRPL Rs 2 crore, CPCL Rs 2 crore and Engineers India Ltd Rs 1 crore.

“I am grateful, and delighted, to announce that the oil and gas establishment is ready with a contribution of Rs 1031.29 crore by the PSUs and other oil JVs for the PM-Cares Fund. Additionally, Rs 61 cr has been contributed by colleagues of PSUs from their salaries for the #PMCARES,” Oil Minister Dharmendra Pradhan tweeted.

“I am humbled to see the commitment of our people of oil and gas PSUs when the world faces one of the biggest crises. I am proud to be a part of this family,” he added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

HAL posts over Rs 21,100 crore turnover in 2019-20

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Hindustan Aeronautics Limited recorded a turnover of over Rs 21,100 crore (provisional and unaudited) for the financial year ended on March 31, 2020, up from the previous years figure of Rs 19,705 crore.

“The company has posted a revenue growth of around seven percent during 2019-20 for the second year consecutively, post listing as compared to 3.8 percent during 2017-18,” the Bengaluru-headquartered defence PSU said in a statement.

The encouraging performance of the company in 2019-20 has been achieved despite difficulties in cash flows, interruptions in operations due to workmen agitation, and March 2020 due to COVID-19 lockdown which has affected the final tests and certification of certain additional aircraft that were under final stages of production, it said.

During 2019-20, 31 new aircraft/helicopters and 117 new engines were produced and overhaul of 199 aircraft /helicopters and 490 engines were undertaken.

HAL has produced 13 new ALHs against the contract of 40, out of which three were produced ahead of schedule for the Indian Army.

The first Helicopter for the Coast guard is ready and awaiting customer trials at Kochi which should have been completed but for the outbreak of Covid-19.

The complete test equipment is already positioned to ensure commencement of trials immediately after the situation improves, the statement said.

The first LCA-Tejas FOC standard aircraft also completed its contract flight test acceptance within 12 months of the standard of preparation release in February 2019.

The aircraft is ready for delivery once the operations resume likely in April 2020, HAL said.

The Glass cockpit of Dornier -228 is an important business portfolio for the future and is expected to get the company more revenues in the years to come.

“The Avionics upgrade of HAWK and SU-30 MKI and BrahMos missile modifications would be a game-changer and is important for us,” it said.

HAL has completed production of all SU 30 MKI contracted to HAL by IAF during the current year and is expecting to get a few additional orders for SU-30MKI.

“With this and the expected order for 83 MK1A LCA which is cleared by DAC and 15 LCH limited series production aircraft, which is in final stages of discussion, the order book is likely to attain a healthy position during the next financial year 2020-21,” the statement added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Star India announces launch of Disney+ Hotstar on April 3; check subscription plans

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Star India on Tuesday announced video streaming platform Disney+ Hotstar will be launched in India on April 3.

Three distinct offerings – Disney+ Hotstar VIP, Disney+ Hotstar Premium and an ad-supported basic tier — will be available from April 3 in the country.

Disney’s video-on-demand streaming service Disney Plus (Disney+) had arrived in India weeks ahead of its scheduled launch date through an existing service Hotstar.

Disney+ Hotstar VIP will cost Rs 399 a year and Disney+ Hotstar Premium at Rs 1,499 a year, it said.

Disney+ Hotstar is currently available at no additional charge to existing Hotstar subscribers — who pay Rs 999 for a year and the premium tier carries a new yearly sticker price of Rs 3,588.

Robert Iger, then chairman and CEO of Disney, had given March 29 as the official launch date of Disney+ in India.

Shows like The Mandalorian, Marvel’s Hero Project and The Imagineering Story: Limited Series are currently available.
The list also includes Diary of a Future President, Disney Family Sundays, Encore, Forky Asks a Question, and High School Musical: The Musical.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

After Telangana, Maharashtra announces salary cuts for public representatives and govt officials

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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It is not just private companies that are going the route of pay cuts to partially deal with the economic impact of the coronavirus pandemic. Even state governments are taking on this aggressive step.

The Maharashtra government on Tuesday said it would take a 60 percent cut in the monthly salary of all public representatives in the state. The salary cut will also include the chief minister Uddhav Thackeray.

In an official statement, deputy chief minister and finance minister of the state, Ajit Pawar said the state will take a 60 percent cut in the March salaries of the chief minister, all other ministers, MLAs, MLCs and representatives of local governing bodies.

Salary cuts will be taken by all government officers as well. Up to 50 percent cut for salary for Grade A and B officers. Up to 25 percent salary cut for Grade C employees. However, employees in Grade D and lower will not see any salary cut.

Maharashtra became the second state to announce salary cuts. Telangana chief minister K Chandrashekhar Rao has announced that him along with the cabinet, will be taking a 75 percent cut in the salary as the coronavirus outbreak will have an impact on the state’s economy.

Rao-ruled state government’s 75 percent salary cut will include the assembly cabinet, MLCs, MLAs, state corporation chairpersons and local bodies representatives.

Telangana has also announced a 60 percent salary cut for IAS, IPS, IFS and other such central services officers. A 50 percent salary cut has been announced for all other categories of employees.

Even Class IV employees, outsourcing and contract employees, will see their pay cut by 10 percent. For all category of pensioners, a 50 percent cut and Class IV retired employees will have a 10 percent pay cut.

Maharashtra has seen the fastest additions in number of coronavirus positive cases. As of March 31st, 225 confirmed cases were reported, including 10 deaths. The state’s capital and India’s financial capital Mumbai has been the worst hit. Telangana has 71 confirmed cases so far.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Early lockdown, social distancing helped India report less COVID-19 cases per million population, says Dr. D Nageshwar Reddy

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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It’s the seventh day of the 21-day nation-wide lockdown, and the number of coronavirus cases in India have risen to over 1,250. Total active cases stand at above 1,100 and the number of recoveries have gone up by just two, to 101 over the last 24 hours.

Amongst the states, Kerala and Maharashtra continue to report the highest number of confirmed cases. The combined tally for these two states now stand above 400.

As the number of cases rise in India, Hyderabad-based gastro-enterologists and Chairman of Asian Institute of Gastroenterology Doctor D Nageshwar Reddy said eleven different mutations of the virus have been identified in the studies conducted in India thus far. However, the two-time Padma Award winner adds that it is difficult — and too early — to determine whether these mutations are leading to differences in mortality and immunity rates.

Now there is an MIT study which points to the possibility that the virus’ spread is slower, and mortality rate lower in regions with hot climates. We must add here that this paper has not yet been subjected to a peer review, and has been written by researchers who do not have a medical degree.

Doctor Reddy said it is too early to jump to this conclusion and that the medical community still needs to study various other factors before a definitive verdict can be pronounced.

He said, “I am actually more of an optimistic, and I see this in a different way. If we actually look at per million population cases, it is about 562 for US, 1,000 for Italy, for India it is 0.09 per million, so we are in the lower part of the scale if we look at per million population rates. I am optimistic that by next week we will have a definite indication of how the things are going.”

“If you look at what is happening in the western world versus what is happening in India, the death rate is approximately between 3-4 percent. One of the criticism is that we are not testing enough and therefore we are not seeing enough cases. Even if you test a lot of people, even if you increase your incidence by 10 times even 100 times we will still be only about 9 per million which is way down what is happening in the western country, that way we are lucky,” he said, adding that there are several factors which are responsible for this including the early lockdown that government initiated, plus the fact that we are been following this physical distancing quite actively now.

He also added, “All these viruses, especially, the RNA virus they undergo mutations frequently and when they are going from one place to another mutations. Some of these mutations are favourable, some are more dangerous for us. There are mutations in different viruses in different parts of the world and we have to see how these mutations actively affect different geographical areas.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

4 things first-time traders should keep in mind before trading

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Like any other skill, the art of successful trading can be learnt and made better with regular practise and constant vigilance. More often than not, amateurs expect trading to work like a flick of the wand. Of course, that only begets disappointment, eventually leading beginners to cash their chips and settle for other ways of savings yielding little returns.

However, by following some classic rules of the game, any amateur can rise in their ranks and clock in greater profitability.

In data we trust

As beginners, the first thing to know is that trading is not a gamble. It is all about knowing the market and how it takes shape. You need to develop the basic market proficiency so that you only make wise investments. As a trader, you have to ensure that your trading calls are backed with sufficient data and proper research. You can seek guidance from full-service broking firms who have dedicated analysts for the same. Today, we are also witnessing a paradigm change with the rise of tech-driven robo-advisors. The industry-leading ones analyze over a billion data points. So, consider enrolling yourself with a robo-advisory to get going with your investments.

Know your ‘Future’ and ‘Options’

While stepping into the trade, try to explore the market as much as you can. You have to know all of the options that are available. If you think trading is all just about ‘buying’ and ‘selling’ stocks at their market prices, well, there’s more to it. More stocks can also be purchased than you can afford to through margin trading. This is what we call the derivative market. However, when it comes to derivatives, one needs to understand the pros and cons of the same before jumping into it.The associated risks get dramatically increased.

Take calculated risks and be money wise

The writing on the wall is clear – only trade what you are ready to lose. This is not to say that you’d certainly lose the money, however, you’d be better equipped to take certain necessary risks if the money is not ‘borrowed’ from any important obligation, for instance, savings for the future. At the same time, traders must not fall prey to the thrills of taking unnecessary risks – especially in day trading. Even if you have losing trades, which is true for almost every trader, you must constantly try to protect the trading capital and stay afloat in the trading business.

Be disciplined and use a stop loss

As one starts making progress and hone one’s intuition, there comes a point where the boundaries between trading to make money or just prove that one’s intuition is right, seem to be blurred. And if traders are only motivated to seek validation for their intuition through trading, it is a nosedive to the end of their careers. To the same end, using a stop loss will bring about the much-required discipline in trading. It is the trading price just below the support level (from where the stock will fall to its next support level). Should the value of a stock reach the ‘Stop Loss’ limit, all of those shares will be liquidated, thus saving you from further losses.

In the end, one must always remember that trading warrants a high level of strategy. Through the aforementioned exercises, one can continue to develop and reinvent one’s strategy. The ultimate game of a trader must be to make money while minimising losses not only when there is a strong uptrend in the market but also come up with a strategy that can be evolved to withstand the inevitable changes in the market and last for a long run.

Note: The author of this article is Sameet Chavan, Chief Analyst, Technical and Derivatives at Angel Broking Ltd.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow