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Wednesday, July 3, 2024

India's largest infrastructure company, L&T, has secured orders worth over $4 billion from Saudi Aramco to expand its gas projects.

 

India's largest infrastructure company, L&T, has secured orders worth over $4 billion from Saudi Aramco to expand its gas projects. The Rs 35,000 crore order includes significant work on gas compression systems and is part of a larger $25 billion engineering, procurement, and construction (EPC) contract. This development has positively impacted L&T shares, which rose over 2.5% in morning trade on July 2.

















Key Points:


According to MEED, L&T won two packages from Saudi Aramco for the Jafurah gas project expansion.


Package 1: $2.9 billion for a gas processing plant and main process units.


Package 3: $1 billion for gas compression units.


Both orders were awarded to L&T's energy hydrocarbon division.


Other winners include Hyundai Engineering ($2.4 billion) and Tecnicas Reunidas ($3.2 billion).


In September, L&T previously secured nearly $4 billion in EPC orders from Saudi Aramco for Jafurah.


Jafurah basin holds the largest liquid-rich shale gas field in the Middle East, with estimated reserves of 200 trillion cubic feet of gas over 17,000 square kilometers.

Subramanian Sarma, Whole-time Director and President (Energy) at L&T, confirmed the receipt of these orders, noting that the recent event was a formal commemoration of previously announced awards. He expressed optimism about the strong pipeline of future prospects, anticipating further awards in the near future.







According to a report by Middle East business publication MEED, L&T has won two specific packages from Saudi Aramco as part of the Jafurah gas project expansion. Package 1, valued at $2.9 billion, is designated for a gas processing plant and main process units. Package 3, a $1 billion order, focuses on gas compression units. Both orders have been awarded to L&T's energy hydrocarbon division.


Other companies have also secured significant orders as part of the Jafurah expansion. Hyundai Engineering of South Korea received a $2.4 billion order, while Spain's Tecnicas Reunidas secured two orders totaling $3.2 billion. This extensive project is part of Saudi Aramco's ambitious plans to develop the Jafurah basin, which holds the largest liquid-rich shale gas field in the Middle East. The basin is estimated to contain 200 trillion cubic feet of gas reserves, spread over 17,000 square kilometers.


In September last year, L&T had previously bagged two EPC orders worth nearly $4 billion from Saudi Aramco, underscoring the company's significant role in the expansion of the Jafurah gas project. The latest orders further solidify L&T's position as a key player in the region's energy sector.

Sunday, September 10, 2023

SEBI Initiates Measures to Control Finfluencers

 

Securities and Exchange Board of India (SEBI), the country's regulatory authority for financial markets, has recently taken steps to address the activities of financial influencers, commonly referred to as influencers in the finance sector. 


In a recent development, SEBI released a consultation paper aimed at imposing stricter regulations and oversight on these influencers. The move comes in response to the increasing influence and reach of such individuals on social media platforms like Instagram, Facebook, YouTube, and Twitter. 




SEBI's Proposed Regulatory Steps: 

Mandating the Display of SEBI Registration Details by Finfluencers. 


Prohibiting Any Collaborations Between SEBI-Registered Entities and Unregistered Finfluencers. 


Restricting the Payment of Referral-Based Commissions to Unregistered Finfluencers. 


Requiring Registered Entities to Vigilantly Distance Themselves from Unregistered Entities Utilizing Their Name.


SEBI's consultation paper highlights concerns over the potential for these financial influencers to have a significant impact on their followers and the financial decisions they make. This has raised questions about the need for transparency, accountability, and responsible practices within this space. One of the key proposals outlined in the consultation paper is the requirement for financial influencers to prominently display their SEBI registration details.


This measure aims to provide greater clarity to the audience about the qualifications and regulatory standing of these influencers. Additionally, SEBI intends to prevent any form of association between SEBI-registered entities and financial influencers who may not be subject to the same regulatory standards. This step is taken to ensure that financial advice and information provided by influencers adhere to the established guidelines and do not mislead or harm the interests of investors.


The move by SEBI is seen as a significant step toward enhancing the credibility and trustworthiness of financial influencers in the digital space. It seeks to strike a balance between the freedom of expression on social media and the protection of the interests of investors and consumers. The consultation paper is currently open for public comments, with stakeholders and the general public invited to provide their input until a specified deadline. This signifies SEBI's commitment to engaging with various stakeholders and considering diverse perspectives before finalizing any regulatory changes in this domain.

Tuesday, August 15, 2023

How do I start trading in the share market without a loss?

 

"You cannot start trading without experiencing losses, but you can trade without experiencing constant failure. The Profit and Loss aspect of trading is not only a part of trading itself but is also integral to any business or trade endeavor. 


Begin by acquiring foundational knowledge through activities like reading blogs and watching YouTube videos to familiarize yourself with trading. Start with a modest capital investment, as the process of learning about investing begins as soon as you start investing.



Employ stop-loss orders for every trade and gradually learn about different segments. Do not lose hope if faced with setbacks. Dedicate ample time to learning about the stock market. It is essential to adhere to stock market principles. 


Before placing orders, establish entry and stop-loss points. Stick to your trading strategy without frequent modifications. Do not allow emotions to sway your decisions, regardless of whether you make a profit or a loss. Avoid overtrading and limit the number of simultaneous trades you engage in."

Tuesday, July 4, 2023

How can I become proficient in day trading and accurately predict price movements in the stock market?

 

Successful intraday trading requires patience to wait for optimal setups and discipline to stick to your trading plan. Intraday trading is understanding how the emotions, behaviors and decisions of buyers and sellers influence price movements.




Technical analysis such as candlestick patterns, support and resistance levels, trend lines and indicators. These tools help you interpret price charts and identify right entry and exit level.



Volume chart indicate volume reflects the level of market participation. High volume during price movement indicates strong conviction, while low volume indicates caution or lack of interest. You need to study price patterns like heads and shoulders, double tops/bottoms, flags and triangles. These patterns reflect the collective psychology of traders and can indicate potential reversals or continuations. 


Historical price movements to identify patterns and reactions to specific market conditions. It helps to anticipate future price movements. Identify support and resistance levels, Buyers and sellers usually react at pivot points. Identify these levels and understand how price behaves.





Focus on New and events. how news affects market sentiment. Economic data releases, earnings reports, geopolitical events and market news can trigger rapid price movements. Monitor bid and ask orders in watch list window. Unusual order flow provides insights into short-term price direction.




Emotional trading often causes from inadequate risk management. Determine the maximum amount you are willing to lose on a trade and adjust your position size accordingly. Maintain emotional discipline. Fear and greed are common emotional drivers. Having a clear business plan and sticking to it can reduce impulsive decisions.


Use multiple time frames in chart to know short-term and long-term trends. It helps you make informed decisions based on different perspectives. Document your transactions, including the reasoning behind them and your emotional state. This will help you identify patterns in your decision making process.

Thursday, June 24, 2021

Highlights of Reliance Industries Limited 44th Annual General Meeting 2021

 

Reliance Industries Limited has performed well in the midst of the Covid 19 hardship, earning a total income of Rs 540,000 crore. Reliance Industries Chief Mukesh Ambani said the EBITDA stood at Rs 98,000 crore, about half of which came from consumer transactions.


Reliance Industries Ltd said its net profit stood at Rs 53,739 crore. This is more than the previous year. An increase of 34.8%.




Mukesh Ambani said Yasir Al-Rumayyan, head of Saudi Aramco and Public Investment Fund, will join Reliance Industries Limited's board of directors as an independent director. His addition to the board of directors is also the beginning of the internationalization of Reliance.


Jio has revolutionized digital connectivity in India by offering high quality 4G broadband services at a very low price and is now introducing affordable 4G smartphone with the aim of making India 2G-free.

Mukesh Ambani said that Jio has made significant strides in developing indigenous 5G technology and testing activities are continuing.


"We are testing the use of 5G technology for a variety of purposes including education and health care. With the introduction of 5G across India, our technology will be used by many other countries.


Jio and Google have signed an agreement for the implementation of 5G across the country, while Jio's 5G network and services will use the Google Cloud platform. As part of the deal, Reliance's retail business will make extensive use of Google Cloud.


The 'Geophone Next Phone' was jointly developed by Jio and Google teams and will be available in the market on September 10 during Ganesh Chaturthi.


Smartphone has many unique features, including voice assistant, screen reading, translation capability, smart camera with Augmented Reality filters, as well as Google and Jio App, as well as apps on the Android Play Store.


It will be the cheapest smartphone not only in India but in the whole world, Mukesh Ambani said. Speaking on the occasion, CEO of Google Sundar Pichai said, "This smartphone is made from India and will open up new possibilities to millions of new users for the first time."


Reliance continues to partner not only with Google, but also with Facebook and Microsoft. Mukesh Ambani said the launch of Jio Mart services through WhatsApp is continuing and the initial feedback from customers of both Jio Mart and WhatsApp is good. He also said that Microsoft has launched two Geo-cloud Cloud Data Centers in Jamnagar and Nagpur in collaboration with Microsoft.


Mukesh Ambani said that in the last one year, it has been available at more than twenty lakhs new sites. With over three million users in total, Jio Fiber has emerged as India's largest and fastest growing fixed broadband service provider.


With the addition of 1,500 new stores in the last year, one out of every eight customers in India is now dealing with Reliance Retail, Mukesh Ambani said. Reliance Retail has also seen significant gains during the Covid hardship, creating more than 65,000 new jobs. Mukesh Ambani said that Jio Mart services are also getting better and it has set a record of 6.5 lakh orders in a single day.

Monday, February 1, 2021

Union Budget 2021: Few important things to know about Nirmala Sitharam presented 2021 Budget

 

Today Finance Minister Nirmala Sitharamn presented union budget 2021 in parliament at 11 PM


In the budget presented by Union Finance Minister Nirmala Sitharaman, prices of many commodities are raised while prices of some commodities reduced.


Refrigerators and air conditioning , alcoholic beverages, raw silk, spandex fiber, LED lights, solar lanterns, mobile phones and power banks will cost more and  gold, silver, nylon fiber, copper scrap and naphtha products become cheaper. Customs tariffs on gold and silver have been reduced, although price declines are likely less.



Agricultural Infrastructure and Development Cess (AIDC) is imposed on petrol and diesel, Rs 4 per liter on diesel and 2.5 per cent on petrol. However, Finance Minister Nirmala Sitharaman has said that the cess levy on petrol and diesel will also not burden the consumers as other taxes and cesses have been revised.


Minimum support price does not stop, government committed to farmers' development and opportunity for consumers to choose the electricity supplier, Hydrogen Energy Mission Initiative: Nirmala Sitharaman.


Major Highlights in Union Budget 2021


Government will provide of the capital expenditure for 2021-22 to Rs 5.54000 Crore.


Allocation of Rural Infrastructure has been raised to Rs 40,000 crore in the next financial year.


One Nation, One Ration Card Scheme implemented in all State and Union Territories.


Central University will be established in Leh.


Central government proposes deep ocean operation by investing more than Rs 4,000 crore in five years.


Tax exemption for NRIs from two-way tax and Charitable trusts up to transaction at Rs 5 crore.


Incentives for startups: Eligibility for tax holiday is extended by 1 more year; The capital gains exemption for startup investment extends one more year until March 22.


Fund for Agricultural Infrastructure has risen to Rs 40,000 crore and Rs 10,000 crore for a small irrigation crop.


Minimum Wage Act applicable to all sector workers.


1,500 crore for a project to promote digital payments.


As per the 15th Finance Commission, the states will get 41 per cent Tax share, Government has approved the Commission's recommendation.


Rs 3000 crores grant for skill development. Skill Development Agreement between Bharat Japan.


Affordable housing is a priority area.


Rs1.5 lakh for loans to purchase affordable house is now extended by one more year.


GST has been in effect for four years. 400 old and irrelevant taxes on GST have been removed.


Forthcoming #census is the first digital census in India's history. For this purpose, a total of Rs 3,768 crore is earmarked for 2021-22.


National Research Foundation to be set up at Rs. 50,000 crores to strengthen the research ecosystem.


Customs duty on foreign fabrics increases, customs duty on gold and silver declines.


Govt is committed to the welfare of farmers. The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities.


Propose to reduce time allowed to re-open tax investigation to 3 years.


Nirmala Sitharaman announced Relief to senior citizens. For senior citizens who have pensions and interest income, exemption from filing returns.


National Language Translation Mission will be established to enhance our regional languages.


Government has expanded its resources for the benefit of the poor. PM Garib Kalyan Scheme and the three Atma Nirbharat Bharat packages were presented as mini budgets.


Government decide to privatize 2 PSU banks, a general insurance company in 2021-22.


Government to implement the Jaljeevan Mission Urban, which aims to provide universal water supply to 4,378 ULBs, which include 2.86 crore households; Will be executed within 5 years.


This budget was the first budget of the decade. This is also the first digital budget. Finance Minister Nirmala Sitharaman said at the beginning of the budget speech.


Nirmala Sitharaman said projects worth Rs 1.1 lakh crore have been completed under the National Infra Pipeline.


Nirmala Sitharaman said the preparation of this Budget was taken under circumstances like never before.


Finance Minister says an outlay for capital expenditure amounting to Rs 1,07, 100 lakh crore.


Declaration of the National Infectious Disease Control Center. High level lab construction in all districts.


Total financial cost of all the self-financing Bharat packages, including the measures taken by the RBI, is about Rs 27.1 lakh crore.


Two more #Covid19 #Vaccines will soon be available in India.


Rs 55000 crores of 1,100 km National Highway in Kerala. 1,18,000 crores cost to National Highways.


Establishment of DFI in the next 3 years with investment of Rs. 20000 crore as the original capital for PGCIL is 7000 Crore.


Rs 35000 crore has been given for #Covid19 #Vaccine by the Central Government - Nirmala Sitharaman.


May 2020- Govt announced Atmanibhar Bharat Package, which brought out 2 more Atmanibhar packages to help Covid-19 recover from the economic strain. 


Government to introduce bill to set up development financial institution with outlay of Rs 20,000 cr.


Nirmala Sitharaman introduces Aatmanirbhar Health Yojana with outlay of Rs. 64,180 cr.


Govt allocates Rs 35,400 cr towards #COVID19 #Vaccines.


Total economic cost of all packages including the measures taken by the RBI is estimated at about Rs 27.1 lakh crore.

*************

Tuesday, April 28, 2020

Trade Report: Sensex traded at 32,114.52 with 371.44 points. Even today Nifty Pvt Bank traded higher than other Indices.

 
Market Update| Nifty50 index gains 98.60 points & closed at 9,380.90. BSE Sensex traded at 32,114.52 with 371.44 points. Even today Nifty Pvt Bank sector stocks traded higher than other Indices. INDUSINDBK, BAJFINANCE, HDFC, AXISBANK, BAJAJFINSV are top gainer of the day and SUNPHARMA, IOC, NTPC, VEDL, NESTLEIND are top losses of the day.  Indusind Bank Ltd stocks has traded in top level in NSE from morning to end of the day. NIFTY PHARMA index is down 2.25%.


  Capital Report Stock Performance Sheet

























Note: Capital Report states that it has no financial liability of information provided on this blog. Investing in stock market are subject to market risk. Seek a professional advisor before taking any investment decision. Capital Report will not be liable for any losses incurred or investments made or decisions taken or not taken based on the information provided.

Monday, April 27, 2020

Market Update: BSE Sensex closed at 31,743.08 with 415.86 points higher. Nifty50 gains 127.90 points

 
Benchmark index closed at 31,743.08 with 415.86 points higher. Nifty50 gains 127.90 points & trade ended at 9,282.30. Nifty Private Bank sector stocks leads Nifty Index & Nifty Private bank index raised 2.99% and RBL Bank top gainer of the day Private Bank sector.



All NSE indices traded in green. BRITANNIA, INDUSINDBK, BAJAJFINSV, KOTAKBANK, AXISBANK top gainer of the day. NTPC, HDFCBANK, M&M, DRREDDY, BHARTIARTL top losses of the day.

  Capital Report Stock Performance Sheet


https://docs.google.com/spreadsheets/d/1SPDCeKOqRWPxBe8TqP6V7Vkktpt4nFIWrxKyiy4_hnM/edit#gid=1544991498
Note: Capital Report states that it has no financial liability of information provided on this blog. Investing in stock market are subject to market risk. Seek a professional advisor before taking any investment decision. Capital Report will not be liable for any losses incurred or investments made or decisions taken or not taken based on the information provided.

Wednesday, April 22, 2020

Facebook investing $5.7 billion or INR 43,574 crore in Jio Platforms Limited, RIL share up 125.95 points

 
Social media giant Facebook investing Facebook investing $5.7 billion, or INR 43,574 crore and takes 10 per cent share in Jio Platforms Limited. The investment gives Facebook 9.99 percent share in Jio. This investment will help reduce the burden of debt for Jio and enable Facebook to take the first step in telecommunications in India.

Mukesh Ambani, Chairman and Managing Director, Reliance Industries, reacted on the partnership with Facebook. Reliance are humbled by the opportunity to welcome Facebook as our long-term partner In developing and transforming India's digital ecosystem for the benefit of all Indians.



Reliance Industries Limited is up +126.25 (+10.20%) at 1,363.60. RIL stock gap up open at 1320 and reached maximum 1,384.90. finally closed end of the day 1363.60.



Facebook said in its statement

This investment underscores our commitment to India, and our excitement for the dramatic transformation that Jio has spurred in the country. In less than four years, Jio has brought more than 388 million people online, fueling the creation of innovative new enterprises and connecting people in new ways. We are committed to connecting more people in India together with Jio.

We are excited about furthering our investment in India’s vibrant digital economy. Our efforts with Jio will be focused on opening new doors and fueling India’s economic growth and the prosperity of its people. We look forward to working with Jio, and to future collaborations in India to advance this vision.

Further facebook said, its aim is enable new opportunities for businesses of all sizes, especially for the small businesses across India.


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