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Wednesday Feb 08, 2023

Adani Trouble | Not only Indians, foreigners are also trapped, Adani Group has invested money of the world’s rich


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Delhi: The troubles of Gautam Adani and Adani Group are not taking the name of abatement. Adani Group became the country’s largest industrial house in terms of market cap in the stock market, while in just two years, Group Chairman Gautam Adani became the richest person in Asia including India. Adani’s shares were booming and many billionaires around the world washed their hands in the flowing Ganga. But on January 24, a report by American short selling firm Hindenburg Research changed the picture and shook Adani’s empire. The group’s shares have fallen by nearly 60 per cent in the last seven days, Adani Group’s market cap has also declined by over $100 billion. Meanwhile, note that the Adani group also has investments in several foreign companies, including two of the world’s richest families. The good thing is that they are standing by Adani Group during this crisis, but as Adani’s crisis escalates, it will affect global investors as well. Many rich of the world have invested in Adani Group, but now their investment is at risk.

Investors include Malaysia’s richest man and two of the world’s richest families

According to the report, investors in the Adani group include Malaysia’s richest man, a shipping tycoon and two of the world’s richest families. From data center servicing, packaged food to port management, these people have partnered with Adani Group. And on the strength of these partnerships, Adani Group has expanded its business in many areas in recent times. Robert Kuok, Malaysia’s richest man, is one of Adani’s oldest partners and his company Wilmar International owns half of Adani Wilmar. The company, which manufactures oil, sugar and other products under the Fortune brand, has a market value of $6.7 billion. In this company, Wilmar provides food expertise while Adani Group handles the logistics part. But after the Hindenburg report, Wilmar this week insisted that Adani would continue to support the group.

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Who invests in Adani Group?

Retail giant Walmart also has investments in Adani group companies. Walmart is owned by the Walton family, the second richest people in the world. Walmart had bought the Indian e-commerce company Flipkart a few years ago. Later in 2021, Flipkart tied up with Adani Logistics to strengthen its infrastructure. Adani Group is building a data center in Mumbai and plans to lease a part of it to Flipkart. Adani Group had said that this partnership will provide employment to 2500 people. Also EdgeConneX, a Virginia-based data center services company, formed a joint venture with the Adani Group to build 1 GW of data center capacity in India. Meanwhile, the amount to be invested in this has not been disclosed.

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Bought Haifa, Israel’s second largest port

Similarly, CMA CGM, the world’s third largest container shipping company, signed an agreement with Adani Group in 2017 to operate a terminal at Mundra port for 15 years. The majority stake in CMA CGM is held by Rodolphe Sade of France and his family. Adani had recently bought Haifa, Israel’s second largest port, when the Hindenburg report came out. Israel’s Gadot Group is its partner in this. Similarly, International Holding Company of Abu Dhabi has invested two billion dollars in companies of Adani Group. IHC is majority-owned by the Royal Group, which is owned by Sheikh Tahnoon, the UAE’s National Security Advisor and part of the world’s richest family.



Twitter Golden Tick | Now money will have to be paid for ‘Golden Tick’ on Twitter, know what is Elon Musk’s new plan


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Delhi: Ever since Elon Musk took over the reins of the microblogging platform ‘Twitter’ last year, Elon Musk has been taking many big decisions. Elon Musk had earlier started charging Twitter users for Twitter Blue Ticks and is now preparing to charge companies for ‘Gold Ticks’ as well. According to a report tweeted by social media consultant Matt Navarra, Twitter now wants to collect $ 1,000 (about Rs 82,465) every month from business accounts with gold ticks.

Gold Tick Price $1,000 per month

He also shared a screenshot with the tweet, showing that the Gold Tick will cost $1,000 per month for business account holders, plus an additional $50 (roughly Rs. 4,123). Its details will also be finalized soon and there may be a change in the price structure. The new proposal will be called Verified for Organization, according to a screenshot of the mail sent by Twitter employees. At present, the information about which country this service will be launched first has not been revealed yet.

Soon the process of verification for companies will start

It has been informed by tweeting from the official account of Twitter Business that we will soon start the verification process for companies. It has also been mentioned that previously known as Blue for Business, apply through our waiting list today. can be done. Firstly, under Blue Tick’s paid service for Twitter users, the monthly cost starts at $8 (roughly Rs. 659) and goes up to $11 (roughly Rs. 907).



Gautam Adani | Adani Group withdraws FPO, investors’ money will be returned, what did Gautam Adani say


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New Delhi: Adani Group owner Gautam Adani has finally given his response. He has spoken in front of the camera. During this, he has talked about taking many big decisions. He said that for me, the interest of my investors is paramount and everything else is secondary. Therefore, to protect investors from possible losses, we have withdrawn the FPO. This decision will have no impact on our current operations and future plans. We will continue to focus on timely implementation.

Since the disclosure of the Hindenburg Research report, Adani Group’s shares have continued to fall. The company has withdrawn its FPO after shares of Adani Group fell by nearly 30 per cent on Wednesday.

Gautam Adani said that after a fully subscribed FPO, today’s decision to withdraw it must have surprised many. But considering today’s volatility in the market, the Board strongly felt that it would not be ethical to go ahead with the FPO.

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We have a strong balance sheet and strong assets, he said. Our EBITDA levels and cash flows have been very strong and have an impeccable track record of servicing our debt obligations. We will continue to focus on long-term value creation and growth will be managed by internal resources.

We will review our capital market strategy once the market stabilises. We have a strong focus on ESG and each of our businesses will continue to create value in a responsible manner. The strongest validation of our governance principles comes from our many international partnerships. For me the interest of my investors is paramount. Therefore, to protect investors from possible losses, we have withdrawn the FPO.



RBI Decision | Now small notes will be available in ATM, shortage of free money in the market, know what decision RBI has taken


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Delhi: Today in India digital payments can be made immediately, but now the Reserve Bank has decided that due to lack of money, many times we go to the market to buy something. This time we give a 500 rupee note to the shopkeeper. But the shopkeeper asks for change money and the customer goes back when there is no change money. There is currently a shortage of loose money in the market. In the digital era, we pay through Zippy, Paytm or any other UPI, but a section of the society still uses cash and shopkeepers do not have loose money, which is creating a shortage of loose money in the market. Keeping this in mind, the Reserve Bank has taken an important decision.

Consider increasing the number of small notes

According to the information received from sources, it is now being considered to increase the number of small notes in ATMs. A complaint has reached the Reserve Bank that small notes are not available in the market. The Reserve Bank is considering increasing the number of small notes in ATMs. Apart from this, various options for disposal of leave money will also be considered. Guidelines can also be issued by the government to increase the number of small notes in ATMs.

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Also consider installing UPI based ATM

In these new options, the government can also consider installing UPI based ATMs. Common people will be able to withdraw small notes from these UPI based ATMs. After these complaints, the Reserve Bank officials have taken cognizance of the matter. An important meeting of RBI officials was held this month on the issue of free money. Several suggestions were made in this meeting. Steps are likely to be taken to introduce more small notes from UPI ATMs.



SBI Annuity Deposit Scheme | Great scheme of SBI! Deposit money in the scheme once, it will be spent every month


SBI creates separate clause for loan to MSME, agriculture sector

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Delhi: If you want to earn every month, then you can earn well by investing in this scheme of State Bank of India (SBI). By depositing money once in the term deposit scheme of the bank, you can remain worry-free for a long time. After this, on maturity, you will get the principal and interest together. State Bank of India (SBI), the country’s largest public sector bank, keeps launching various schemes from time to time keeping in mind the needs of its customers. Some customers want to invest money in a scheme where they will receive a lump sum amount in future. On the other hand, some people try to invest their retirement money where they get a fixed amount every month, which they can use as pension or salary.

Can get minimum monthly income of Rs 1,000

If you are also looking for such a scheme, then SBI’s Annuity Deposit Scheme would be the right option. Under the State Bank of India (SBI) Annuity Deposit Scheme, if you deposit a lump sum amount in the bank every month, you will get income in the form of installments. Interest on bank deposits is calculated at an interest rate compounded every 3 months. After that you get a fixed amount deposited in your account every month. With this plan, you can get a monthly income of at least Rs.1,000. After investing in this scheme you will get monthly income including interest in your account on 29th, 30th or 31st.

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You can invest for 36, 60, 84 or 120 months

After deducting TDS, the annuity amount gets deposited in your savings account. So you can invest in Annuity Deposit Scheme for 36, 60, 84 or 120 months. There is no limit on the maximum investment in this scheme. Any Indian citizen can invest in this scheme. A Universal Passbook will also be given to the investors of this scheme. Where the facility of this scheme is available to minors, the account can be opened in both single or joint mode.



Netflix | Netflix’s big decision! Money will be deducted if the password is given to a friend or relative


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New Delhi : Many OTT platforms including Netflix, Disney + Hotstar and Amazon Prime are used by crores of users. Users also share its password with some of their special people. Because one login details allows many people to use the platform. That’s why people take membership once and easily share it with many people.

Shock to free users

But now due to the losses due to this, recently these OTT platforms had taken a big step. According to which now there can be jail for sharing the password. So there is bad news for those who use Netflix for free. Because if a Netflix user shares his account password with someone, then his difficulties will increase.

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Only one user can use

Significantly, the Netflix company says that more than 100 million families use account sharing. Due to which the company is facing huge loss. But now one account will be for only one user. If the account password is given to someone else, then he will have to pay for it.

Will get the option of sharing feature

Let us tell you that Netflix has also announced that it will rollout the paid sharing feature from April 2023 itself. Yes, you heard it right. Not only this but with this the company will give an option in this app. Under which the user will get the option to pay for sharing with friends or with people outside the house.



Netflix Password Share | Now sharing the password of Netflix will be expensive, you will have to pay more money from your pocket, read details


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Delhi: Many times people share the password of their OTT app with their family and friends. Due to which the company suffers a lot. Video streaming company Netflix has now changed its policy. Netflix said that it is going to change the policy. The company said that now you will have to pay more for sharing the password of Netflix account. However, the company had given this information only in December 2022 last year.

The company does not want to lose its subscribers

Netflix CEOs Ted Sarandas said that the company has changed the policy. Ted said that the company does not want to lose its subscribers, so it will continue with password sharing. But if the password is shared, then separate money will have to be paid for it. He said that some customers may face problems with this plan. Information about how much it will be on sharing the password has not been given, but it is believed that it can be close to $ 3. The CEOs told that the company’s plan is a country like India, which has such a large population and subscribers.

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Will be implemented in India very soon

The company’s target is to add 15 to 20 percent new subscribers. Netflix told that keeping in mind the company like India. Made an ad based plan which has been implemented in Australia, Brazil, Canada, UK, France, South Korea, Germany, Mexico, America and Spain last year. It will also be implemented in India very soon. It is believed that the company will implement this plan this year. At present, the company has 7.66 million subscribers.



SBI Doorstep Service | With SBI’s doorstep service, you can now get money from the bank sitting at home, know details on how to get money


SBI Cards' outstanding borrowings stood at Rs 17,363 crore in the last financial year.

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Delhi: Nowadays technology has progressed so much that even the banking sector is no longer behind in the race to use it. Yes, yes, if you need money, but you do not want to go to the bank or ATM or your UPI is also not working, then there is no need to worry, now you can get money sitting at home. Anyone can take advantage of this banking facility of SBI Bank. However, for this you have to complete some process. The country’s well-known bank SBI has launched SBI DoorStep Service, with the help of which you can easily withdraw money sitting at home.

3 transactions free for differently abled

SBI has used this service to help senior citizens and differently-abled people. Some charges are levied on the customers for using this facility, which may vary from account to account. State Bank of India (SBI) provides customers the facility to use doorstep service. In this service, the bank is free for three transactions in a month for disabled persons. If they use this facility more than three times in a month, then they will have to pay Rs 75 and GST.

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have to register

To withdraw money from the bank, first you have to register for SBI Doorstep Service. First of all you have to download the Doorstep Banking app. After that enter the mobile number and enter the OTP received on your mobile. After this the customer has to enter his name, email, password (PIN) and accept the term-condition. After registration, SMS will be sent from DSB app. You can now log in to the app with your PIN and other information. Here you also enter your address.

SBI Doorstep Banking How to withdraw money: –

  • After logging in to DSB app, click and select SBI to withdraw money.
  • Now enter the last six digits of the customer account number and submit.
  • After this OTP will be sent to the mobile of the customers.
  • Enter OTP in DSB Mobile App and submit. After confirmation your details will open.
  • Select the service to withdraw money from the account and enter the transaction amount and enter the transaction mode.
  • Now the charge will be deducted from the customer’s account. Then enter the request number.
  • Notification will be sent to the customer through SMS.
  • A bank agent will reach your home and give the money after verifying it.



Want to do job in US? Now it will take so much money for H 1B Visa. US Propose Visa Fees Hike Include H-1B Used By Indian Professional Mostly

America, which is suffering from inflation, has found a special way to meet the expenses. President Joe Biden’s government has decided to grant citizenship and increase visa fees. This also includes the H-1B visa used by Indian professionals. Read this news…

Want to do job in US? Now it will take so much money for H-1B Visa

There has been a huge increase in the fees for granting citizenship and visa in America.

The American dream of Indian professionals may become costly in the times to come. The reason for this is the huge increase in the fees for granting citizenship and visa in America. This also includes the popular US H-1B visa, which is mostly used by Indian professionals to get employment in America.

These days America is facing the highest inflation in 40 years. In such a situation, the government of President Joe Biden is working on many economic aspects. At the same time, America has decided to increase the visa fees of different categories to fund its citizenship and immigration agency. American and Indian tech companies will suffer the most from the increase in H-1B visa fees, because on the basis of this visa, they are able to outsource their work.

H-1B visa fees will increase by this much

The US government has proposed to increase the pre-registration fee for H-1B visa by several percent. The H-1 category, which includes the H-1B visa, could see a 170 percent increase in fees, from $460 to $780.

At the same time, the visa fees of L-1 category can increase by 301 percent. Now it is $ 460, which can be $ 1,385. Similarly, O-1 category visa is given to workers having exceptional skills, whose fee is also proposed to be increased by 229 percent. It can be $ 1,055 instead of $ 460.

Pockets of millionaires will also be loose

EB-5 visa is given to those who wish to invest in America or become entrepreneurs. It is also called ‘Crorepati Visa’. Its fees can increase by 303 percent, which means it will increase from $ 3,675 to $ 11,160.

However, the premium processing fee for all types of visas has been kept at $2,500 as before. While there is also a proposal to reduce some other fees. The US Home Ministry gave information about these proposed fee hikes in the Federal Register (Official Gazette) on Tuesday.

The expenses of the immigration department will be met

Citizenship and Immigration Services, which works under the US Ministry of Home Affairs, says that it needs funds for its operations. This proposed increase in fees will help him, because about 98 percent of the expenses of running the department are met by this fee.

Due to the Kovid epidemic, the income of the immigration agency has decreased by 40 percent in 2020. The agency has put a freeze on new hiring, laid off some people, and is also using its cash reserves.

 

Future Retail share wipes 99 percent investors money 1 lakh decrease 614 rupees – Business News India


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Stock crash: Friday was a very bad day for the stock market. The BSE Sensex closed down more than 450 points. At the same time, a share of Future Group saw a gain of more than 4%. This share belongs to Future Retail Ltd. On Friday, January 6, the scrip rose 4.11% to Rs 3.80 on the NSE. The stock has gained 18.75% in YTD this year. However, Future Retail’s stock has given a loss of 92.76% in the last one year.

Massive loss of 99%
Let us tell you that this share of Future Group has fallen continuously in the last year. This has caused huge losses to those shareholders who have maintained their investments till now. On April 27, 2018, this share was selling at Rs.618. Presently the share price is Rs.3.80. That is, in 4 years, this stock has caused a huge loss of 99%. According to this, any investor who would have invested Rs 1 lakh in this share four years ago, his one lakh has reduced to Rs 614 only at this time.

This company of Tata Group got huge profit, share of Rs 2537

Know what is the dispute?
This debt-ridden company has been in constant controversies for the last few years. Future Retail is in an ongoing dispute with Amazon and has not paid Rs 5,322.32 crore to its lenders, among other things. In March, the BoI claimed the assets of FRL through a public notice. Let us tell you that Future Retail, a flagship firm of Kishore Biyani-led Future Group, is now battling with the insolvency process filed by its lenders through the “National Company Law Tribunal”. The company’s top management includes Kishore Biyani, Rakesh Biyani, Rahul Garg, Ravindra Dhariwal, Gagan Singh and Jacob Mathew.

Resignation one after the other caused stir in the company, share fell 57% to ₹55, IPO came in 2021

In fact, in the year 2019, Amazon bought a 49% stake in Future Coupons, which is the holding company of Future Group, for Rs 1500 crore. Under this deal, Amazon also got the right to buy a stake in Future Retail within 3 to 10 years. But in 2020, Future Group announced the sale of its retail, wholesale and logistics business to Mukesh Ambani’s Reliance Retail for Rs 24,713 crore. After this, a dispute started between Amazon, Future Group and Reliance Retail.


 

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