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First understand  What the NUE is? As per Draft framework released by RBI , NUE (New Umbrella Entity) for retail payment system is a company incorporated under companies act and authorised by RBI under Payment and Settlement Act. Why NUE? As of now, the government-owned National Payments Corporation of India (NPCI) is the sole umbrella body to facilitate retail payments which owns and operates the UPI Interface, the RuPay network etc. for settlement. But, the RBI feel that NPCI alone won’t be able to carry out all the volume of transactions in the retail segment and Government also feel that monopoly in this sector can be harmful. So, NUE  will offer competition to NPCI and offer similar product like UPI and other payment modes. Steps taken by RBI for NUE   The central bank Reserve Bank of India had released the framework for the authorisation of NUEs on August 18, 2020. Since then, many Private players in the Indian banking and payments landscape have formed consortium ...

Adani Green : Sunrise or Sunset Covers Adani Green and Total SE deal highlights Valuation of Deal How Adani Sold Adani Green 20% stake at Rs 456 per share  Fishy Facts about Adani Green Networth , Debt and Valuation Business Risk  Peer Comparison Adani Green Q3 Analysis Introduction  Founded by Gautam Adani in 2015,  Adani green  is one of the largest and fastest growing renewable company in India. “The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects”- .They are generally into solar and wind power plants- they built these plants and sell the energy generated from this powerplants. Key customers of AGEL include the National Thermal Power Corporation (NTPC) and Solar Energy Corporation of India (SECI) and various State Discoms In Jan-21, Adani Green and its promoters entered into binding agreement with French energy major Total SA for investment  of $2.5 billion. Adani Green and Total SE Deal hi...

 What happened? Tesla announced their investment of $1.5 Billion in Bitcoin along with that co. also intends to accept biggest crypto currency as a form of payment for their products and services. Bitcoin so received against product and services may or may not liquidate . So Tesla became  first non-fintech Fortune 100 company to load up on bitcoin   Here is the snapshot of this mega news from Tesla's annual report  Source:  Tesla Annual Report The Reactions from all over the world: 1.B itcoin price jumped to an all-time high of above $48,00 0 on Tuesday morning as investors rushed into the asset after  Elon Musk 's Tesla said it had bought up $1.5 billion of the cryptocurrency. The news led to surge in Tesla's Bitcoin investment by $561 million (37% gain). 2.  Other major cryptocurrencies, such as ethereum, tether and ripple, were also trading up to 3% in the green 3.  "You're going to see every company in America do the same thing [as Tesla]," No...

In todays blog, we will discuss about recent insights from Zomato's Rewind 2020: 1. Largest Order : Rs. 1.99 Lakhs (after discount of 66k) 2. Smallest Order :  Rs. 10 (after discount of 39) 3. Pizza order : May - 4.5 lakh  July- 9 lakh  Sept - 12 lakh  Nov - 17 lakh  Someone from Jalgaon ordered 369 pizzas together. 4.  22 biryanis delivered every minute (Veg Biryani : 19Lakh orders ) 5. Favorite Desert : Gulab Jamun (Mumbai ordered most) 6. Delhi ordered more momos than Pune, Mumbai, Bengaluru combined. 7. Darjeeling has highest order value with average of around 500 Rs per order. 8. Yash from Bengaluru placed 1380 order in 2020 (almost 4 order per day). 9. A pro member saved Rs. 1.94 Lakh this year Blog by Nimish Maheshwari & Sudarshan Bhandari Beat The Street Join us : YouTube  |  Twitter  |  Telegram  |  Instagram  |  Facebook Open Dmat account with us :   Zerodha  |  Upstox  |  Alice...

Public means persons other than – (i) the promoter and promoter group; (ii) subsidiaries and associates of the company. Public shareholders could be individual or financial institutions and they normally buy shares through public offer or secondary markets. In order to bring more transparency in the working of listed companies, the concept of minimum public shareholding(MPS) has been introduced. The timeline for achieving MPS varies for listed public sector companies and listed companies. With regard to the listed public sector companies, the deadline to meet the MPS was 2 years from the commencement of the Securities Contracts (Regulation) (Second Amendment) Rules, 2018 which expired on 2nd August, 2020. Considering the unfavorable market conditions and difficulty in meeting the MPS requirement during the outbreak of the Corona Virus, the Ministry of Finance has vide its notification dated July 31, 2020 has extended the time period by 1 year i.e. till August 2, 2021 for listed public ...

We can’t really call it post-COVID travel yet, so we will stick to travel during COVID times for now. In this regard, Indians are doing a great job, and we are hopeful that it is done with the seriousness of the times. Lately, a new trend has surfaced among Indian travellers that is being called  Revenge Travel . Travellers have not been able to strike their bucket lists in the last three months, which surely has created a strong urge for tourism. Also, hotels, resorts, car rental companies, tourism boards and every stakeholders involved in tourism have clearly understood that the future game plan will be only to majorly focus on safety, physical distancing and visible hygiene, and are working to come up with very advanced level of cleanliness and contactless services. With these new protocols and SOPs in place, the major requirement of the day is to instill confidence in the minds of travellers. As per a report by McKinsey & Company , titled ‘The way back: What the world can l...