Went deep into how LIC has posted such an explosive growth in earnings !! There has been a change in accounting policy, and with this change it might report the same kind of numbers in the quarters going forward  Blockbuster earnings  Q2 Net Profit 15900 CR  Q2 EPS 25 LICI Life Insurance Corporation Of India Ltd - Superb results over the quarter  Q2FY23 Net Profit Of 15,854 CR  VS Q1FY23 Net Profit Of 603 CR  VS Q2FY22 Net Profit Of 1480 CR  Forward PE of just 6, I am expecting similar kind of numbers in the quarters going forward Reason being I am expecting similar kind of explosive numbers is that there has been change in accounting policy resulting in transfer of the accretion in the Available Solvency Margin from Non-Par to Shareholders funds. 4. Note No. 4 regarding change in accounting policy resulting in transfer of the accretion in the Available Solvency Margin from Non-Par to Shareholders funds amounting to Rs.14,27,180...

Chip shortage: Despite strong underlying demand across businesses, 2QFY22 performance was severely impacted by the chip shortage. The supply of chips is improving gradually, although not very strongly. RM cost impact: Also, the transitory impact of higher RM prices (due to the lag in pass-through) impacted all the business in 2Q. However, the contractual lag in pricing is expected to narrow going forward. The SMRPBV order book as of Sep’21 stood at EUR15.3b (v/s EUR15.6b as of Mar’21), with gross new order wins of EUR2.1b and the start of production of orders worth EUR2.4b. The share of EVs in the order book stood at 27% (v/s 25% in Mar’21). MSS supplies to 7 of the top 10 EVs globally. The pure EV platforms come with advanced features, resulting in higher content for the same components of MSS.\ SMRPBV was impacted by lower revenues (due to the chip shortage), along with higher input, labor, and freight costs in key geographies, resulting in an adverse impact on margins. P...

After one of the biggest movie chains in the world, AMC Entertainment, started to receive payments in Bitcoin , now it is the turn of the North American movie theater chain Regal to join the new payment method. Regal Cinema Network The American movie theater chain Regal has partnered with payment company Flexa and will start selling tickets and other products in cryptocurrencies. The Regal Cinema Network has more than 500 cinemas distributed in 42 states of the United States. According to the movie theater company, "we understand the importance of digital assets and, through its partnership with Flexa, we are offering customers new payment options." More and more, our customers are looking for the possibility of paying for tickets with digital assets. Regal Cinema Network In addition to Bitcoin (BTC), the cinema network will also accept payments in Litecoin (LTC), LINK, ATOM and Dogecoin (DOGE). You will also receive USDC, DAI and GUSD stablecoins.

Financial statements are important to investors because they can provide enormous information about a company's revenue, expenses, profitability, debt load, and the ability to meet its short-term and long-term financial obligations.  RESULTS EXPECTED ON 26th Oct 2021 Zensar Technologies Ltd. WABCO India Ltd. Torrent Pharmaceuticals Ltd. The Anup Engineering Ltd. Surya Roshni Ltd. Sharda Cropchem Ltd. Shalby Ltd. Best Agrolife Ltd. Nippon Life India Asset Management Ltd. Ramco Industries Ltd. PI Industries Ltd. Persistent Systems Ltd. Mangalore Refinery And Petrochemicals Ltd. Meghmani Organics Ltd Meghmani Finechem Ltd. Wardwizard Innovations & Mobility Ltd. Mahanagar Gas Ltd. Mahindra Lifespace Developers Ltd. Kotak Mahindra Bank Ltd. Accelya Solutions India Ltd. Udaipur Cement Works Ltd. Jindal Stainless Ltd. Jay Bharat Maruti Ltd. Indo Count Industries Ltd. Hikal Ltd. Greaves Cotton Ltd. Gati Ltd. Entertainment Network (India) Ltd. Dr. Lal Pathlabs Ltd. Cipla Ltd...

Financial statements are important to investors because they can provide enormous information about a company's revenue, expenses, profitability, debt load, and the ability to meet its short-term and long-term financial obligations.  Here below we can see the company's results expected on 25th Oct 2021 RESULTS EXPECTED ON 25th Oct 2021 Vardhman Special Steels Ltd. Swaraj Engines Ltd. Suven Life Sciences Ltd. SRF Ltd. Quick Heal Technologies Ltd. Prakash Industries Ltd. Orient Cement Ltd. Newgen Software Technologies Ltd. Maharashtra Scooters Ltd. The Ramco Cements Ltd. Karda Constructions Ltd. Jagran Prakashan Ltd. ICRA Ltd. HDFC Asset Management Company Ltd. Gujarat Mineral Development Corporation Ltd. Dwarikesh Sugar Industries Ltd. Mangalam Organics Ltd. CSB Bank Ltd. Colgate-Palmolive (India) Ltd. Indus Towers Ltd.

Financial statements are important to investors because they can provide enormous information about a company's revenue, expenses, profitability, debt load, and the ability to meet its short-term and long-term financial obligations.  Here below we can see the company's results expected in Week 42 RESULTS EXPECTED ON 16th Oct 2021 Avenue Supermarts Ltd. RESULTS EXPECTED ON 18th Oct 2021 UltraTech Cement Ltd. Tata Coffee Ltd. SVP Global Ventures Ltd. Route Mobile Ltd. Hatsun Agro Products Ltd. Craftsman Automation Ltd. Alok Industries Ltd. RESULTS EXPECTED ON 19th Oct 2021 TV18 Broadcast Ltd. Shakti Pumps (India) Ltd. Rane Brake Lining Ltd. Rallis India Ltd. Oriental Hotels Ltd. Network 18 Media & Investments Ltd. Nelco Ltd. Heidelberg Cement India Ltd. JSW Ispat Special Products Ltd. Mastek Ltd. Jubilant Ingrevia Ltd. ICICI Prudential Life Insurance Company Ltd. Tata Steel BSL Ltd. ACC Ltd. 5Paisa Capital Ltd. RESULTS EXPECTED ON 20th Oct 2021 Tejas Networks Ltd....

Rakesh Jhunjhunwala Bought 1.36% Stake In Co During Q2 NALCO National Aluminium Company Limited, abbreviated as NALCO, is a government company having integrated and diversified operations in mining, metal and power under the ownership of Ministry of Mines, Government of India.  Presently, Government of India holds a 51.5% equity in NALCO. It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in the country encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.  The Company is the lowest-cost producer of metallurgical grade alumina in the World and lowest-cost producer of Bauxite in the world as per Wood McKenzie report. With sustained quality products, the Company’s export earnings accounted for about 42% of the sales turnover in the year 2018-19 and the Company is rated as 3rd highest net export earning CPSE as per Public Enterprise Survey report. Rakesh Jhunjhunw...

GOCL ( Gulf Oil Corporation ) Gulf Oil Corporation (GOCL) is engaged in manufacturing industrial explosives, mining products, lubricants, specialty oils and chemicals, active pharma ingredients (bulk drugs), and pharma formulations. About Gulf of India The Chemical Hub of Hinduja Group was created with Gulf Oil India Limited merging with IDL Industries Limited from 1st January 2002. The merger has enabled the Company to leverage the large marketing networks of lubricants and industrial explosives businesses and achieve a turnover for the financial year 2008-09 of Rs.1000 crore (US$200 million). Exports accounted for 5% of the turnover. IDL Industries Limited was renamed GULF OIL Corporation Limited with the merger of Gulf Oil India’s business. A property Development Division was started in the Company in 2006. With effect from 1st April 2008, the business of specialty chemicals Division has been transferred to a 100% subsidiary – IDL Speciality Chemicals Limite...

What is 5 G Technology? 5G is the latest wireless technology that supports speeds up to 1 Gbps and latency up to 1 milli-second. It is used for supporting high-speed broadband Internet and applications that demand high speeds/low latencies such as video streaming, gaming, mixed-reality, and autonomous cars. 5G supports both voice calls and data transfers. Important Advantages High resolution and bi-directional large bandwidth shaping. Technology to gather all networks on one platform. More effective and efficient. Technology to facilitate subscriber supervision tools for quick action. Most likely, will provide huge broadcasting data (in Gigabit), which will support more than 60,000 connections. Easily manageable with the previous generations. Technological sound to support heterogeneous services (including private network). Possible to provide uniform, uninterrupted, and consistent connectivity across the world. Disadvantages of 5G Technology Technology is still...

Important things to keep in mind. Importance of Quarterly Results Firstly, let us understand the importance of ‘Quarterly Results’. The shareholders of the company have put their hard-earned money into the company. So, they must know about the affairs of the company. However, they can not have access to the books of accounts of the company. This is because only and only the management of any company can access the books. Hence, to give a snapshot of a company’s financial performance, listed companies are required to publish ‘Quarterly Results’, which are available in the public domain. Also, before we start the details, one must have a basic understanding of ‘Financial Year’ and ‘Quarters’. A financial year normally starts from 1st April and ends on 31st March the following year. This is divided into 4 equal periods, each one is a ‘Quarter’, consisting of 3 months. Q-1 is a period from 1st April to 30th June, Q-2 is a period from 1st July to 30th September, Q-3 is a p...

Understanding the Business The company makes just two products: Tyre bead wire High carbon steel wire It derives major revenue from ‘Tyre bead wire’ which accounts for 89% of total capacity and 91% of revenues. For the uninitiated, ‘Tyre bead wire’ is the soul of every tyre. It is core to the safety of tyre use; it holds the tyre to the rim, enhancing product safety. The product is mature and its application has been unchanged for more than five decades. Hence, it is unlikely to see any replacement in the years to come. Application of the Product Tyre bead wire is used in all types of tyres for automobiles, earth moving equipment, aircraft, cycles, passenger vehicles, two-wheelers, three-wheelers and truck bus radials. The other product, i.e High carbon steel wire plays a vital role in industries like automobile, construction and engineering. Bead wire 3% of the cost of a tyre. So, even though its share is less, it is still a very critical component for a good q...

India's sugar export rose 20 percent to an all-time high of 7.1 million tonnes in 2020-21 in the marketing year ended September 2021. India has surplus sugar production this year and is in a position to export. Higher sugar prices in the international market and surplus production in the country are big positives. "India has surplus sugar this year even though we have reduced from 14.5 million tonnes of opening stock two years back to about 8.5 million tonnes now. So at a time when Brazil, Thailand, and other countries don't have big surpluses, India has a surplus, world prices are very good and therefore even without a subsidy we are in a position to export into the international market and that is very big positives for India." Sugar Stocks and Percent Increase Today 4th October Avadh Sugar & Energy Ltd 7.08% Bajaj Hindusthan Sugar Ltd 4.98% Balrampur Chini Mills Ltd 7.19% Bannari Amman Sugars Limited 2.97% Dalmia Bharat Sugar and...

About Tejas Network Limited Tejas Networks is an optical and data networking products company that designs, develops and manufactures high-performance and future-ready products for building high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks. www.tejasnetworks.com Airtel has made such an agreement, which will be a big change in the Indian telecom sector, a big blow to China's Huawei. It is well known that the Indian telecom sector is dependent on China! For the expansion of the same 4G to 5G technology, there is a possibility that India would have depended on China, but now the environment has changed completely, all the passes have been reversed! In fact, Indian telecom company Reliance has announced that it will not buy 4G and 5G related equipment from companies like Huawei and ZTE of China. At the same time, Bharti Airtel has given the contract for optical fib...

The world's largest Ethereum mining company, Sparkpool, has said it will stop providing services to Chinese miners . Yesterday, the People's Bank of China issued a new notice, which will introduce tougher measures to further crack down on cryptocurrency trading and mining activities. While China's Development and Reform Commission, has also warned to "root up" crypto miners operating in the country. In response to the above moves from the Chinese authorities, Sparkpool recently announced that it will suspend some operations in China, such as stopping providing cryptocurrency mining services to "miners" in this country. Sparkpool is currently headquartered in Hangzhou and in the near future if the situation remains tense, the company may consider moving its headquarters to another country. Overcoming many other names, Sparkpool is currently considered the largest Ethereum mining pool in the world based on hash rate as of now, accounting for about 20% of ...

It has been a historic and memorable journey for the benchmark index from touching the 1,000 mark on 25 July 1990 till reaching the 60,000 mark for the first time on Friday. Sensex. It has taken a little over 31 years for the Sensex to move from the 1,000 level to the now famous 60,000 level. Over the years, the Frontline Index has climbed to several record levels. The index first reached the 10,000 mark on 6 February 2006. On 29 October 2007 it raised the level of 20,000, then on March 4, 2015 the benchmark touched the 30,000 mark. The BSE benchmark reached 40,000 on May 23, 2019. The 50,000 mark was reached on January 21, 2021. Interestingly, both the 50,000 level and the 60,000 mark have been breached in 2021, which shows the resilience of the market amid the devastation of COVID-19. From witnessing Harshad Mehta scam in 1992 to Mumbai and BSE building blasts in 1993, Kargil War (1999), terrorist attacks in USA and Indian Parliament (2002), Satyam scam, global financial ...

Well, a simple explanation! Chips are present in almost everything we use today. Chips are present in our computers, telephones, televisions, cars; they allow us to make purchases with our credit cards and power our game stations, etc. As the chart below shows, semiconductor chip applications affect almost every aspect of our existence. What is the mystery behind global scarcity? The global chip shortage is mainly due to the Covid 19 pandemic when many companies withdrew their orders for semiconductor chips in anticipation of the expected economic slowdown due to a prolonged and intermittent lockdown. But when governments around the world ordered people to stay at home, it created a new kind of crisis for the industry, as orders for online products soared, whether it's buying home office computers, computer equipment. gymnastics to keep in shape, electronics and games to entertain during the lockout period with the pandemic accelerating the pace of scanning....

The app allows customers to manage all PayPal-related transactions, including crypto, from a single dashboard PayPal has announced the launch of a new app that will offer a single platform for all customers' digital payment needs. As Cointelegraph previously reported , PayPal CEO Dan Schulman said in July that the company's super app was ready for US launch. According to a statement released on Tuesday, PayPal's new app will allow users to access all of the company's digital financial products. The new app includes both crypto and non-crypto applications , with a wallet card to manage cryptocurrency payments and high-yield savings. Indeed, PayPal's announcement includes a partnership with online bank Synchrony Bank to provide a high-yield savings account through the new app. The digital payments giant revealed that customers could receive an annual percentage return of up to 0.40% on their savings with the new app. They will also be able to withdraw their earnings f...