Venkat

#ITJob | #Investor | #PartTimeTrader | #NeverGiveUp | #Chess

[Venkat @VenkatStocks]

Lichess first time crossed 2k rating in all formats.
😍😍😍#chess #lichess

[Muthukrishnan Dhandapani @dmuthuk]

I honestly don’t know if the government will undertake any tax reforms for the capital markets.

If they do so at all, the changes should benefit local investors as well, not only foreign investors.

We are not lesser mortals.

Indian retail investors take risks even with small amounts of capital.

In a capital starved nation, risk capital should be rewarded regardless of whether it comes from foreign or local sources.

[ɴᴀɢᴀʀᴀᴊᴜ @Bezawada_Alludu]

నిద్ర లేచేటప్పటికీ
Shocking News
Microsoft లో lay offs అంట
60000 పీపుల్ equal to 27% of Global work force

VEO details
1 month base Salary per year of service + 3 months శాలరీ

Two quick points
1. ఇన్ని సం.. రాలు Income tax కట్టించుకున్న Govt పైసా ఇవ్వదు
2. పైపెచ్చు severance బెనిఫిట్స్ మీద కూడా tax లాగేస్తారు

No Job సెక్యూరిటీ...Zero Govt support... Then why we have to pay Tax?

మొన్న Oracle, నేడు Microsoft, రేపు ఇంకో కంపెనీ

So point of discussion is సోషల్ సెక్యూరిటీ ఇన్ our country...

వికసిత భారత్ అంటే మురిసిపోవడం కాదు, మన ఫండమెంటల్ rights వికసించాయా లేదో చూసుకోవాలి..

[Venkat @VenkatStocks]

@nsitharaman Tax relief on severance is the minimum benefit you could give for middle class IT tax payers in their tough time. PLEASE THINK. @nsitharamanoffc @narendramodi

[Muthukrishnan Dhandapani @dmuthuk]

Rarely tweet at this time.

When my sleep got disturbed, I looked at the phone.

Microsoft is laying off 60,000 employees, 27% of its workforce across the world. This includes India as well.

The term used is Voluntary Exit Offers (VEOs).

Mails are already out to these employees.

They are offered some separation benefits and asked to leave.

Usually what happens in the industry is that if they don’t accept the voluntary exit offer, they are subsequently laid off. When you get laid off, separation benefits are not provided.

Though called voluntary, in all likelihood these 60,000 people would have no option but to leave the company.

At least from now on, the Finance Minister should consider not taxing severance benefits.

Suddenly overnight, a huge number of employees in one of the world’s largest companies are facing an uncertain future.

Already Oracle, including their Indian operations, has laid off a huge number of people.

The trend is expected to follow.

At least now you would understand why I’ve been saying for the last couple of years to create safe money worth 3 years of living expenses and not to go for any loans, including buying a house.

The impact of IT professionals losing jobs would start showing on premium consumption, real estate prices and reduced demand across the economy.

As I said, things would become worse before they become better.

Newer industries and opportunities would come in the future. But the transition period is going to be painful.

[Sandeep Manudhane @sandeep_PT]

Microsoft offer voluntary retirement to 27%
1) MS wants ~60,000 employees (27% global workforce) to consider voluntary exit offers (VEO)
2) Employees can choose to leave with financial compensation (or may not choose to)
3) Four countries: US, UK, Canada and India. Only selected teams qualify (level 70 and below)
4) Depts. affected: Copilot, AI, Windows, Xbox, Finance and HR, among others
5) Compensation: Severance based on seniority and tenure; no universal payout announced.
Reason?
Microsoft is controlling costs while pouring billions into AI infrastructure.
Why termed "buyout"?
A buyout is an offer by an employer to pay employees money and benefits to voluntarily leave their jobs, helping the company reduce workforce costs without imposing compulsory layoffs on employees.
A warning
As expected, tech companies will see the impact of AI restructuring first. The jobs landscape may change beyond tech, soon.

#Microsoft #AI #Jobs #India #FutureOfWork

[Venkat @VenkatStocks]

This is NOT good for IT industry. Job market is becoming very scary these days. 60k is very big number.
People now prefer volutnary exit rather #Layoff .

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Microsoft, $MSFT, is offering buyouts to 60,000 workers as part of the company’s efforts to cut costs amid AI adoption, per Bloomberg.

Personnel on select teams in the US, Canada, India, and the UK at a vice president level and below will be eligible.

This reflects ~27% of Microsoft's total workforce.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Brazil's stock market collapses nearly -30% and the Brazilian Real loses -10% after President Lula da Silva is unexpectedly re-elected.

Brazil's stock market has lost over $200 billion of market cap today.

[Venkat @VenkatStocks]

GiftNifty up by 140 points. Can we see some relief rally tomorrow towards 22900+ ??? #Nifty

[Venkat @VenkatStocks]

@InvestorOfJAMMU Any doubt

[Venkat @VenkatStocks]

@ThetaVegaCap This too shall pass

[Venkat @VenkatStocks]

@TA_Purvesh Let CAS decide

[Venkat @VenkatStocks]

@SarangSood Let it bless, will accumulate more.

[Venkat @VenkatStocks]

US India trade deal news,
US Iran peace deal news,
Crude fall 5% from yesterday high,
Why none of these positve triggers worked today.
Almost 500 point fall from intraday high.
Something seriously wrong with Indian markets. #Nifty #stockmarketcrash

[⭐JC 🏹 @niftywizard]

My humble advice don’t trade Indian markets for sometime!

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US oil prices rebound on reports stating that other reports claiming the US and Iran have reached a deal are false.

We now have reports on reports that are moving hundreds of billions of dollars in market cap.

[Kirubakaran Rajendran @kirubaakaran]

Finance With Harish, 1.3 million followers on Instagram. One of the biggest finance creators in Tamil Nadu. Gone.

I did not know him personally. But I know this world. I have been creating trading content for years and I know exactly how much of yourself goes into it.

From what I understand, his Instagram account was recently taken down by Meta. For a creator, that’s a huge blow. That is losing years of work, your income, your community and your routine, all gone. Nobody around you fully understands what that does to your head.

Around the same time, a video was released calling out finance influencers giving advice without SEBI registration. Within two days, this happened.

Jason Samuel who made that video was doing what many people, including SEBI, have been asking for. He did not do anything wrong. I hope he is not carrying this guilt.

Your social media account is not your identity.
Your follower count is not your identity.
Your P&L is not your identity.
Your job title is not your identity.
Work is one part of life.

The moment work becomes your entire life, one bad day at work becomes one bad day for your whole existence.

I have seen traders go into deep depression after a blown account. I have seen creators lose sleep over one negative comment. If you are in that place right now, please talk to your loved ones.

And for everyone else, be a little careful with what you post about people. Call out wrong practices, yes nothing wrong in it. But you never know what the person on the other side is already going through.

This is a huge loss for Harish’s family and friends.

[Venkat @VenkatStocks]

#Crude Insane volatility in just 1 hour.
Enjoy fun on Dussehra day!

[galgotia.ai parody @GalgotiaAI]

In last 12 years personal income tax collection went up from 21% to 30% of total government revenue.

They are just squeezing the salaried middle class

Draconian taxation
Tax Terrorism by Modi government

#abolishincometax

[Muthukrishnan Dhandapani @dmuthuk]

The Finance Minister is very casual in her remarks that excess liquidity and easy exits are causing the market's underperformance.

She also says the underperformance may continue.

This is nothing surprising given how she has been treating capital markets.

What is surprising is that investors are still hopeful about the removal of long term capital gains tax, a reduction in STT, and so on.

No further damage from any increase in taxation is the best case scenario.

[Venkat @VenkatStocks]

Every bear should thank to FM. #Nifty

[Venkatesh Alla @venkat_fin9]

It seems the moment the FM opens her mouth, the stock market starts collapsing. Investors have clearly lost confidence in her endless nonsense. Can someone from @PMOIndia ask NS to stop making such damaging statements, at least while collecting a full salary paid by taxpayers? Public money deserves better than this incompetence!