01-08-2020
Is Amazon planning to invest in Reliance's retail arm Jio Mart?
Wherever you turn your head to today, you are bound to hear about Reliance Industries or its various different ventures.
After securing over $20 billion, by selling 33% stake to over a dozen big shot foreign giants like Facebook, Google, Silver Lake, and General Atlantic, since April this year, the new buzz now is that Amazon is in talks to buy a portion of Reliance’s stakes.
The US e-commerce giant is in talks to buy a 9.9% stake in RIL’s retail arm, JioMart,
Now Amazon may look forward to buy a preferred, strategic stake in RIL, particularly its retail venture. Reliance Can Sell 9.99% Stake To Amazon! Will Reliance Become World’s Biggest Retail Company.
Reliance Retail Arm: JioMart
JioMart is the e-commerce venture of Reliance’s retail arm. RIL has invested more than $6.5 billion in its Indian business.
Launched in May 2020 in about 200 cities and towns across India, is gaining a lot of traction and has started to pose as a significant challenger to not just Amazon but also Walmart Inc’s Flipkart.
Earlier this year, Amazon India launched a program to add small local shops on its platform after India went into a lockdown to curb the spread of the coronavirus outbreak.
Reliance and Amazon’s Close Call on Future Retail
These two giants, Reliance and Amazon were also involved in acquiring majority stake in Future Retail, which is the country’s second largest retail chain.
Last year, Amazon acquired a 49% stake in Future coupons, a group entity owned by Future Retail, investing more than $100 million.
This led to Amazon have a 3.58% stake in Future Retail.
Also, under the two companies’ ‘long term business agreement’, Future Retail sells some goods online on Amazon India’s platform.
#Reliance #RIL #JioMart #Amazon #Investment
16-02-2020
How did Mr. Jeff Bezos feel after visiting India?
The world’s richest man surprised by visiting Indian this week. On 15th January, Jeff Bezos made an unannounced appearance at an Amazon event in Delhi. Where he said the Amazon would be invest $1 billion in India over the next five years. By bringing millions of small local shops online.
Jeff Bezos on Friday posted a note on website Amazon India, saying "he falls in love with India every time he returns here"
Goyal ticked off Bezos saying that they are not doing India a favour by investing a billion dollars, but also raised concerns if its losses were a result of predatory pricing and if Amazon and Flipkart were gaining entry into multi-brand retail by using loopholes.
Some people are saying that Central Government did not met Bezos, Some trade unions protesting Amazon go back and so.
Though it was like a business trip Mr. Bezos planned it very well and said that he fall in love every time he visits India.
What things should I know before investing in SBI cards?
Pros:
SBI Cards is only standalone company focused entirely on cards business unlike other issuers like HDFC, ICICI etc have their cards operations as part of the banking business.
SBI Cards is the second largest card issuer after HDFC Bank.
The industry average for the cards business stands at 3.5 per cent. Where as SBI Cards commands a relatively strong return on assets of 5.5 per cent, driven by better fees and low credit costs
Cons:
The exclusive focus on the unsecured cards business, however, increases the risk for SBI Cards from defaults by individuals.
SBI Cards would be a logical bet as there are no competitors per se. This in turn is driving the premium up.
Disclaimer: Before you make any investment decision do your own research.
How do I get a PAN card immediately without filling out the application form?
PAN card is an important identity proof for all the individuals in India including farming community and is basically required for purposes like opening bank account, filing Income Tax Return, conducting financial transactions etc.
For the ease and convenience of taxpayers, Sitharaman said soon a system will be launched for instant online allotment of Permanent Account Number on the basis of Aadhaar card, without the requirement of filling the application form.
Sitharaman said, "In order to further ease the procedure of allotment of PAN, we will soon launch a system under which PAN will be instantly allotted online on the basis of Aadhaar without any need for filling up of detailed application form".
The income tax department issues PAN card via two agencies i.e. NSDL and UTI-ITSL. At present, it takes more than one month to get a new pan card but with this new facility, people will instantly obtain their Permanent Account Number. All they need to have is a valid Aadhaar card. After that go to the income tax office with it and apply for PAN Card.
It must be noted that since last year, Aadhaar Card and PAN cards have been made interchangeable for income tax purposes. Also it is mandatory to link your PAN with Aadhaar card till 31st March 2020.
22-06-2019
Why do Reliance Industries RIL need IPO for Reliance JIO ?
Reliance Jio needing funds to expand its 4G network and roll out of home broadband, or FTTH, services, the company will also need to buy 5G spectrum and upgrade its network to support the next generation technology.
First priority would be getting investors for the two infrastructure investment trusts (InvITs), which own the company’s tower and fibre assets.
The three investment banks — Moelis, Citi and ICICI Securities — that have been appointed to reach out to potential investors for the InvITs may also work with Jio for the IPO.
In less than three years of operation, Jio has got 306.72 million users for a 26.4 per cent market share at the end of March. Crucially, in that quarter, Jio reported a 182 basis point sequential jump in revenue market share (RMS) to a 31.7 per cent share, compared with Airtel’s 27.3 per cent and market leader Vodafone Idea’s 32.2 per cent.
First priority would be getting investors for the two infrastructure investment trusts (InvITs), which own the company’s tower and fibre assets.
The three investment banks — Moelis, Citi and ICICI Securities — that have been appointed to reach out to potential investors for the InvITs may also work with Jio for the IPO.
In less than three years of operation, Jio has got 306.72 million users for a 26.4 per cent market share at the end of March. Crucially, in that quarter, Jio reported a 182 basis point sequential jump in revenue market share (RMS) to a 31.7 per cent share, compared with Airtel’s 27.3 per cent and market leader Vodafone Idea’s 32.2 per cent.
09-05-2019
Did AdiGro
Aviation to bid for Jet Airways?
AdiGro Aviation, part of the London-based AdiGroup, is set to
bid for distressed airline Jet Airways on May 10, the last day for
bidding. Group founder Sanjay Viswanathan said he has the
backing of key investors.
"We are certainly
putting in a bid," Viswanathan
Did MCA orders SFIO probe into Jet
Airways on suspicion promoters siphoned off money 
MCA wants to look into several instances where
Jet had written off investments in various subsidiary companies without any
apparent reason.
The MCA also wants the company’s financials
probed – why the company suddenly turned in a loss in fiscal year 2018 after
posting a profit for a couple of years.
22-01-2019
How new TRAI rules will change your Airtel DTH, Tata Sky, Dish TV plans in 2019. List of all charges
Trai has come up with a set of rules which changes plans, packages and pricing of TV channels by all operators like Airtel DTH, Tata Sky, Dish TV, Hathway Cable, Siti Cable, Sun DTH, etc.
Whether you are a DTH or cable TV subscriber, your TV bill will not appear the same from February.
The new tariff will will reduce the price you pay for watching television if you make a judicious choice of channels.
The new framework mandates all operators, including DTH, cable service provider or multi-system operator, to have a base package of 100 channels. You have the freedom to choose free to air (FTA) or pay channels or any bouquet of several channels in that list.
Your service provider cannot charge more than 130 for the base package, excluding GST. If you want to watch a pay channel you will have to pay more for every such choice you make. The latest list by TRAI shows that there are 330 pay TV channels and 535 FTA channels.
Currently, Airtel DTH and Tata Sky are offering a base pack which begins from 99.
If you want to watch more than 100 channels in the base package, you have to top with more channels. For every 25 channels, you add to the list of 100, you pay 20 extra.
For example, if you pay 150, excluding GST, you get access to 125 channels. Besides that, you will have to pay extra for any pay channel you include on the list.
Source:- https://www.livemint.com/Companies/yvhhodWk3GHxBKxdzQPvBO/Airtel-tv-DTH-Tata-Sky-Dish-TV-new-plans-2019-packages-trai.html
TVS Motor Posts Rs. 178 Crore Profit In
December Quarter, Beats Analysts' Estimates
TVS Motor posted a rise in third-quarter profit, aided by higher sales of its two- and three-wheeler vehicles.
Profit rose 15.6 per cent to Rs. 178 crore ($24.92 million) in the three months ended December 31, from Rs. 154 crore a year earlier, the company said.
The company said sales of two-wheeler vehicles grew by 19 per cent while those of three-wheeler ones jumped 47 per cent, leading to a 26.1 per cent rise in revenue from operations
21-01-2019
Buy Reliance Industries; target of Rs 1426: Motilal Oswal
Motilal Oswal is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1426 in its research report dated January 18, 2019.
Mukesh Ambani outlines plans for e-commerce
Ambani said that the platform will be first rolled out in Gujarat, hinting at tough competition ahead for Amazon and Walmart.
Image source:- https://en.wikipedia.org/wiki/Reliance_Industries
The planned e-commerce venture, powered by Reliance Jio and Reliance Retail, would be a platform to empower 12 lakh shopkeepers and retailers, he said.
Ambani said that the foray, "the second mega mission for India", will be first rolled out in Gujarat, hinting at tough competition ahead for Amazon and Walmart. The first mega venture for the company was Reliance Jio that caused ripples in the country's telecom industry.