Financial Consultant

As part of this partnership, Google intends to invest up to $1 billion in Bharti Airtel, as part of its Google for India Digitization Fund,   Avaneesh Parasar Telecom major  Bharti Airtel  informed that its board of directors at its meeting held today have approved the issuance of upto 7.1 crore equity shares of face value of ₹5/- each of the company to Google International LLC on a preferential basis at a price of ₹734/- per equity share. Google will invest up to $1 billion in a partnership with Airtel as part of its Google for India Digitization Fund. The deal includes investment of $700 million to acquire 1.28% ownership in Airtel and up to $300 million toward potential multi-year commercial agreements. “As pa r t of this partnership, Google intends to invest up to $1 billion, as part of its Google for India Digitization Fund, which includes equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable term...

  Adani Wilmar IPO date: The public issue will open for subscription on 27th January 2022 and it will remain available for bidding till 31st January 2022. Photo: Courtesy Adani Wilmar website,  Avaneesh Parasar Adani Wilmar IPO (initial Public Offering) will open for subscription next week on 27th January 2022 and it will remain open for bidding till 31st January 2022. Price band of the public issue has been fixed at ₹218 to ₹230 per equity share and the company aims to raise ₹3600 crore from this book built issue. Adani Wilmar shares will be listed at both NSE and BSE. According to market observers, Adani Wilmar share price is trading at a premium of ₹65 in grey market today. Here we list important details in regard to Adani Wilmar IPO: - A d ani Wilmar IPO GMP:  As mentioned above, Adani Wilmar IPO grey market premium (GMP) today is ₹65 that means grey market is expecting decent gain from this public issue. - Adani Wilmar IPO date:  The public issue will open for s...

The Group will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes, according to sources. Avaneesh Parasar MUMBAI/CHENNAI: After planning a foray into the steel industry, Gautam Adani , India’s second-richest person and head of the eponymous Adani Group, appears to be looking to enter the automobile sector. Group entity S B Adani Trust received trademark approval to use the name ‘Adani’ for vehicles operating on land and in water. The move is part of the ports-to-power conglomerate’s broader play in green projects. The plan is to enter the electric mobility space, said sources. It will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes. It also has plans to manufacture electric vehicle batteries and set up c...

  Many industries together make up the healthcare sector. These range from pharmaceuticals, health insurers to even hospitals. When you think of investing in this sector, you must know that it is affected by several variables which include the positive variable such as positive trends that are related to demographics and even negative trends that are related to reimbursement.  Avaneesh Parasar  says that in order to invest in the healthcare sector you need a multifaceted approach as you can profit from it big time. Here in this blog, we tell you all about it. What ar e  the positive trends in the healthcare sector? When you are deciding on which healthcare company to invest in you need to keep some important positive trends in mind. As per  Avaneesh Parasar , they can help you in making a profit. They are mentioned below: Obesity and diabetes epidemics The population which is ageing and the baby boomers Personalized medicine People who live longer with a disease...

Electronics manufacturing firm Dixon Technologies and Imagine Marketing — the parent company of earwear brand boat — have formed a 50:50 joint venture to manufacture Bluetooth enabled audio devices.  Avaneesh Parasar Electronics manufacturing firm Dixon Technologies and Imagine Marketing — the parent company of earwear brand boat — have formed a 50:50 joint venture to manufacture Bluetooth enabled audio devices. The company and Imagine have entered into a joint venture agreement to form a joint venture company for undertaking the manufacture of Bluetooth enabled audio devices, said a regulatory filing by Dixon Technologies. The proposed JV Company will undertake design and manufacturing of Wireless Audio Solutions in India & the JV partners will co-invest in the evolving Indian mobile accessory market, a joint statement said. The as s ociation will enable the companies to meet the evolving needs of customers by delivering high-quality and aspirational lifestyle-focused hearable...

  TPG-backed Landmark Cars is India’s biggest seller of premium vehicles of automakers Mercedes Benz, Volkswagen, Honda and Fiat Chrysler. It may be amongst the first automotive dealership companies in India to float an IPO. It is also the first automotive dealership company to receive private equity investment.  Avaneesh Parasar Automobile dealership chain Landmark Cars Ltd. plans to file a draft red herring prospectus in the coming weeks to raise over Rs 800 crore through an initial public offering, said people aware of the company’s plan. Axis Capital and ICICI Securities have been appointed as the lead managers for the proposed issue, they said. TPG-backed Landmark Cars is India’s biggest se l ler of premium vehicles of automakers Mercedes Benz, Volkswagen, Honda and Fiat Chrysler. It may be amongst the first automotive dealership companies in India to float an IPO. It is also the first automotive dealership company to receive private equity investment. Globally, there are...

  On Friday, electric-vehicle maker Tesla began accepting Dogecoin, a dog-themed cryptocurrency, as payment for some merchandise on its website.  Avaneesh Parasar “Tesla merch buyable with Dogecoin,” Tesla CEO Elon Musk tweeted on Friday. After Dogecoin appeared as a payment option on the Tesla website, the price of Dogecoin surged by 11%. Dogecoin is currently the 11th largest cryptocurrency coin with a $25.2 billion market cap, but a downturn in the broader crypto market in recent days has pushed Dogecoin’s price to its lowest point since April 2021. It remains down 74% from its all-time high in May of last year. Tesla’s website does  n ot allow customers to purchase its electric vehicles with Dogecoin. But it does let customers buy some collectible items — a “cyberwhistle,” a “Giga Texas” belt buckle, and a “cyberquad” four-wheeler for kids — with the cryptocurrency. The items retail for 300 DOGE ($57), 835 DOGE ($160), and 12,020 DOGE ($2,287), respectively, and appea...

  MSSL has fixed January 17, 2022 as record date for determining shareholders for allocation of additional shares of DWH business in the entitlement ratio of 1:1.  Avaneesh Parasar Shares of Motherson Sumi Systems (MSSL) tumbled 9 per cent to Rs 182.30 on the BSE in Friday’s intra-day trade as the stock traded fex-domestic wiring harness (DWH) business starting today. At 11:46 am; the stock was down 7 per cent at Rs 186.55, as compared to 0.50 per cent decline in the S&P BSE Sensex. The trading volume at the counter jumped over five-fold times with a combined 25.8 million equity shares changing hands on the NSE and BSE. MSSL has fixed Janua r y 17, 2022 as record date for determining shareholders for allocation of additional shares of domestic wiring harness division (DWH; Motherson Sumi Wiring India Ltd) in the entitlement ratio of 1:1 i.e. one share of DWH for every share of MSSL to all existing shareholders. DWH scheduled to be listed separately by March 2022. Erstwhile...

  It may seem an easy task when you think of taking your money and dropping it in different investment   vehicles. However, if you want to be a successful investor, you need to get to the basics of this task and it is much more complicated than what you think it to be. After all, there is a reason why many investors lose their money in stocks every year.  Avaneesh Parasar  says that there may be a variety of reasons for this but there is one particular reason that you must keep in mind: the lack of time to research the stock you are investing in. Therefore the moral of such a situation is that if you do not do enough research of the stock you are investing in, you will end up in losses. Here in this blog, we will tell you the essentials you need to know about every stock you buy. What do you need to know about the stock you are investing in? According to Avaneesh Parasar, there are a few essential points that you must keep in mind and read up on when you are investin...

  Upcoming IPOs: The primary market had been abuzz in 2021. About 63 companies came up with their IPOs during the year, the highest since 2010. This year companies raised Rs 1,19,882 crore through IPO, much higher than the previous highest of Rs Rs 75,279 crore in 2017.   Avaneesh Parasar Upcoming IPO(s) in 2022 Now, coming to 2022, many companies plan to launch their IPO. There are some big names on the list. In 2021, Zomato, Policybazaar, Nykaa and Paytm came with their IPO from the startup world. Will 2022 have more such IPOs? We are list i ng down some of the companies that are expected to come with their IPOs in 2022. Upcoming IPOs in 2022 list Company Name Fresh Issue (Rs cr)IPO Size (Rs cr)IPO DateAdani WilmarNA4,500To be announcedMobiKwik1,500400To be announcedArohan FInancial Services850950To be announcedIxigo750850To be announcedPenna Cements1,300250To be announcedFincare Small Finance Bank3301,000To be announcedParadeep Phosphates1,255NATo be announcedSterlite Power...

  TCS will refresh existing facilities and systems, develop innovative new solutions to enable the issuance of e-passports, enhance the citizen experience using biometrics, artificial intelligence, advanced data analytics, chatbots, auto-response, natural language processing and cloud solutions,  Avaneesh Parasar India’s largest IT services firm, has won the second phase of the Passport Seva Programme of the ministry of external affairs. Industry sources estimate the deal to be valued at about Rs 6,000–8,000 crore over a decade. This is the country’s largest mission-critical e-governance programme till date. TCS had won the original mandate in 2008, when the Passport Seva Programme was launched, to transform passport services through a digitized process. The programme saw TCS transforming the delivery of passport-related services, digitizing the processes, and setting global benchmarks in timeliness, transparency, and reliability. The worl d -class experience delivered at the ...