Opportunity for India to withdraw China from Sri Lanka

Opportunity for India to withdraw China from Sri Lanka

Sri Lanka's economic crisis is benefiting India. Sri Lanka, which had fallen behind due to its excessive friendship with China, is now setting the stage for the return of Indian companies by bidding farewell to the Chinese. It all started with the power field. Lanka has entered into an agreement with India to exclude Chinese companies from a hybrid power project on three islands near Jaffna.

According to market experts, small Indian companies tend to focus on Lanka. There is a huge opportunity especially for MSMEs. Lanka's own market is small but large business can be done as the major ports of the Indian Ocean are in Lanka. Since Lanka is very close, the cost of transportation will be negligible so the profit margin will be good.

Paytm is another Reliance Power

Paytm investors are weeping but their woes are not expected to end in the near future. With the introduction of various investigations against Paytm, there is no hope of improvement now. According to market insiders, Paytm has proved to be the second Reliance Power in the history of the stock market.

The stock, which was found at Rs 4,150 in the IPO, has fallen by a whopping 5 per cent to around Rs 500. The Reserve Bank has ordered an inquiry into the Paytm Payments Bank scandal. The BSE has also asked the company to explain why the share price has plummeted so much. Experts are now advising to stay away from Paytm as all these investigations are likely to come out in a big way.

'Shark' Ashnir to venture into digital tech?

The company has appointed an interim CFO following the departure of 'Shark Tanks of India' fame Ashneer Grover and his wife Madhuri Jain from India over allegations of financial misconduct. The company wants to come up with its own IPA in a year and a half.

Ashneer, on the other hand, is seen with his show host Ranvijay Singh. Because of this, there is speculation that Grover will soon come up with a new big project on the entertainment and digital platforms.

Grover has a lot of followers on social media, including Instagram. He has gained popularity across the country due to 'Shark Tanks of India' which could benefit him in a new project.

Adani's new move to inspire Ambani

After talks between Mukesh Ambani's Reliance Industries and Saudi Arabia's Aramco, Aramco will now join hands with Ambani's rival Gautam Adani. Gautam Adani is reportedly considering investing in Aramco.

As of now, Adani and Aramco will be working together in the field of crop nutrients, including renewable energy chemicals and fertilizers. It is rumored that Adani wants to join hands with Aramco to set up its own refinery in India. Aramco and Adnock, a UAE-based state-owned company, were to build a refinery in Maharashtra at a cost of ૪૪ 3 billion in collaboration with the Indian government's Petro Company. The project was shelved due to opposition from local politicians. Now that Adani has managed the politician, it is said that Aramco-Adani will set up a refinery.

Anil Ambani moving Rila. Cap. Lifted

Even though Anil Ambani's Reliance Capital is mired in debt, stock market experts believe that investing in Reliance Capital's stock could make money. The reason is that Anil has left and now the company will be in the hands of new management.

A total of six players, including a bigwig like Tata and Adani, are in the fray to acquire Reliance Capital. The fact that such a large group is interested in the company means that the company is likely to make money. The share price has been rising steadily due to the possibility of a large group buying, but if Tata or Adani enters, the price will jump at a rocket speed.

The Modi government will raise interest rates on small savings

The Modi government needs huge sums of money for infrastructure projects. To this end, the government is now considering raising interest rates on small savings. The Modi government has signaled that it will keep interest rates on small savings unchanged for the first quarter of the new financial year.

In India, people place great importance on saving. People are also more interested in investing in government instruments as government investment is considered safe. Due to this, despite very low interest rates, PPF, NSC, Sukanya Samrudhi Yojana, Post Office Deposits etc. still make safe investments. Raising interest rates will increase people's investment so the government will get more money at cheaper interest rates.

Tesla slammed the Modi government

The Modi government has succeeded in wooing Tesla, the world's largest electric car maker. Tesla wanted to sell cars in India without any investment. The government had conditionally approved the sale only if it was manufactured in India. Alan Musk is said to have finally agreed to the government's terms after a few flirtations. It has not been officially announced yet but Tesla will make Model 8 in India. Tesla will set up a giga factory in India for lithium-ion batteries and other electric components. The car will be sold not only in India but in the entire Indian subcontinent. In the future, cars for the South East Asia and Africa market will be made in India.