Akash Patil

[Akash Patil @akashspeaks3]

Gold prices are falling, but ETF holdings are refusing to let go.
A clear divergence worth watching.

The question is: which one catches up with the other? 👀📈

[Akash Patil @akashspeaks3]

@ppfaspension Is PPFAS nps scheme available investment in tier 1 in nps?

[Tamal Bandyopadhyay @TamalBandyo]

Three-Day Bank Strike has been deferred. But five-day week is a good idea for bank employees and bank balance sheets. Customers will not suffer in a digital economy, if planned with care. Win-win-win for all three. Latest #BankersTrust in @bsindia

[M K Venu @mkvenu1]

Why India's 7.8% GDP Growth Wonder Is Much Ado About Nothing - The Wire https://t.co/56114c88OJ

[Akash Patil @akashspeaks3]

@mine___apple Send

[Prashanth Rangaswamy @itisprashanth]

Ego has no place on the highway .

[Aakanksha Gupta @aakankshalovely]

Seems like I will now have to pay GST on paani puri also!!

#PaniPuri

[Prashant Bhushan @pbhushan1]

Sitharaman says you will be charged 18% GST only on the margin of difference between the purchase and sale price of your old car. So if you bought your car 10 years ago for 10L & manage to sell it today for 1L, you need to pay 18% only on ‘margin of 9L
You thus pay GST of 1,62,000 on a sale of 1 L! So you need to sell your clothes to pay this GST!
Sitharaman is a genius! Figured out how to disrobe people in the winter!

[Mitesh Patel @Mitesh_Engr]

इंसान ने तो सिर्फ १६ घंटे काम करने के लिए जन्म लिया है।
जिंदगी का मजा लेना तो सिर्फ काम देने वालो को ही लेना चाहिए।
नारायणभाई यही कहना चाहते हैं।

[Nilesh Pawar @nilesh_pawar15]

Even after your clarification @ChairmanPFRDA and @PFRDAOfficial to @ChiefIba and inturn their clarification to Public Sector Banks,employees of PSBs are denied the legitimate option to switch their NPS Corpus Fund like others?

While other funds earn around 14% returns, PSB Bankers’ corpus generates only 8%. This inequality needs to be addressed and your advisory needs to be strictly implemented to stop #NPS_Discrimination

If #OldPensionScheme can't be provided as of now, at least give bankers the choice to change NPS Corpus Fund and asset allocation.
@nsitharamanoffc
@DFS_India @nsitharaman @PMOIndia

[Rahul Kulkarni @RahulAsks]

आवडल…

[Porinju Veliyath @porinju]

Next PM of Canada, @PierrePoilievre explains 'Inflation' in the simplest way. He is not pro-terrorist!

[Akash Patil @akashspeaks3]

India has lost a great leader today. Ratan Tata was not just a business icon but a symbol of kindness and integrity. His work in business and helping others will continue to inspire us all. Rest in peace. Your legacy will live on. 💔 #RatanTata #Legend #Legacy

[Prashant Kadam @_prashantkadam]

भर चौकात हे असं मस्त, निवांत चित्र एकाच शहरात दिसू शकतं…पुरेपूर कोल्हापूर🙂

शुद्ध, विनाभेसळीच्या परंपरा तशा माणसांच्या शहरातच टिकू शकतात ना

दूध कट्टा!

[Akash Patil @akashspeaks3]

@deepakshenoy half knowledge is more dangerous than no knowledge..

[Mitesh Patel @Mitesh_Engr]

There is a worst customer policy in India.
Companies are taking benefit of this.

If the product is faulty and company is not able to resolve it then why govt is not forcing company to pay back amount of product?

Govt should look into this.

https://t.co/WCoJKpgNFn

[The Kobeissi Letter @KobeissiLetter]

Here are the S&P 500's returns of rate cut cycles depending on if a recession hit or not.

History says starting with a 25 bps cut results in an average S&P 500 return of +10% in 3 months in +15% in 12 months.

This compares to -15% in 12 months when starting with a 50 bps cut.

[Nithin Kamath @Nithin0dha]

The number of companies with a market cap >$1 billion is at an all-time high. Along with this, the allocation of Indian households' investments in the stock market has also increased substantially. There are now 10 crore unique investors, compared to 3 crore in 2020. Thanks to the bull market and the ease of going public, there's a 'ghar-wapsi' of Indian companies incorporated outside.

To add to this, the Ministry of Corporate Affairs (MCA) formally opened the doors of 'reverse flipping' or coming home to India yesterday.

Three years ago, I shared the problem of Indian companies building for India but incorporating outside the country. Now, things are the other way around. How the tables turn! What we need now are more Indian businesses, located in India, building products and services for the global market.

By the way, here’s a relevant tidbit from the recent report by Mario Draghi, the former president of the European Central Bank: between 2008 and 2021, close to 30% of unicorns founded in Europe relocated their headquarters abroad, with the vast majority to the US.

[Deepak Shenoy @deepakshenoy]

Credit card growth has slowed, and is still strong at 22% but it's mellowed from the recent 40% yoy numbers:

[Deepak Shenoy @deepakshenoy]

From Michael D. Patra's speech, a very interesting insight. MSMEs have a $1.5 trillion demand for debt (120 lakh cr) with half financed informally

Only about 35% of the remaining $820bn (68 lakh cr) is fulfilled by formal finance= 289 bn (24 lakh cr) so a gap of 44 lakh cr!