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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 for planning d

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 highlights French energy compan

 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]," Novogratz, the