Kondal Kolipaka

Technology

[Kondal Kolipaka @kondalk]

Claude Opus 4.6 & GPT Codex 5.3 out!, and OpenClaw recently. And I'm sure xAI/Grok & Google/Gemini will soon be out with more. What an exciting time to build stuff!

[Kondal Kolipaka @kondalk]

@sudhakarudumula I support #Hyderabad #HYDRAA activities. All the highly influential people are looting government lands and lakes. I don’t understand why the BJP wants to get involved in this matter! There are other issues where you can confront them.

[Kondal Kolipaka @kondalk]

Espressif-IDE v3.0.0 — LSP Support for C/C++ Editor

https://t.co/w8cQuvUpUm

#espressif #ide

[RJ Stocks @RakJhun]

Pulak Prasad's Nalanda Fund has 25 stocks in its portfolio valued at ₹40,200 Cr. Top 10 account for 71% of the value. Havells is the most valuable. Matrimony is the least valuable. Page is held for the longest (14 years) & has given biggest 82X return. 7 stocks failed (<10% RoI)

[Tijori @Tijori1]

Companies in Waste Water Management and their market cap

1. Ion Exchange ~6840 Crs
2. VA Tech Wabag ~6000 Crs
3. EMS Ltd ~2500 Crs
4. Jash Eng ~2300 Crs
5. De Nora ~1000 Crs
6. Felix Industries ~500 Crs

[Kondal Kolipaka @kondalk]

IntelliJ IDEA Conf 2024. Day 1 https://t.co/24GX0uQ697 via @YouTube

[The Kaipullai @thekaipullai]

The tirelessness and Energy of Modiji is fascinating that it is close to legendary.

In the last one month, he has been to

Uttarakhand, MP, Chattisgarh, Rajasthan, Gujarat, UP, UP again, TN, Lakshadweep, Kerala, Rajasthan, Gujarat, Maharashtra, AP, Kerala again, TN again and will go to UP.

And here i am, where One trip to Andheri west and I need three days with steam and a jacuzzi to recover.

If he is a hero in acomputer game, his energy meter will forever be at 100% without any power ups or cheat codes.

[Kondal Kolipaka @kondalk]

In less than 24 hrs my kids passport delivered for new passport and renewal. Amazing India! Great work @passportsevamea 👏

[Kondal Kolipaka @kondalk]

#TelanganaCM

#Telangana people now regret that they would have not voted for #CongressParty

I don't think they will work together considering internal conflicts!

@KTRBRS Get ready with the Plan B :-)

[Kondal Kolipaka @kondalk]

#RIP Charlie Munger

[Kondal Kolipaka @kondalk]

terrific!

[Dale Vaz @dale_vaz]

Copy Paste may cost TCS 1,750 crores in fines!!

A US Jury has asked TCS to pay $210mn (about 1,750 cr INR) in fines for allegedly accessing code and trade secrets of a competitor in the US. Apparently, TCS employees accessed and shared content of the manual and actual source code of US IT Services company, DXC, in order to help their BANCS team build a competing platform.

Copy pasting content and sharing it over email is a common practice in many IT firms, with most teams unaware of implications of copyright and IP. This case may be a wake up call for IT service companies to educate and train their employees.

On a related note, the client, that TCS was building this platform for, Transamerica, seperately cancelled their $2bn deal with TCS in June 2023.

So no client + a court case to fight.

https://t.co/wOXS8U6tLL

[Kondal Kolipaka @kondalk]

#espressif #brno

[Kondal Kolipaka @kondalk]

#ChandrababuNaidu is a great leader and visionary. He is much needed for AP and for our country.

[Kondal Kolipaka @kondalk]

Amazed by how the technology is evolving with #GenAI

[OC for Tooling @ocfortooling]

Leveraging WebSerial with Espressif IDF Web IDE: Learn about WebSerial and Espressif IDF Web IDE at #EclipseCon2023 ! @kondalk https://t.co/My3obQMhyu

[Deepak Shenoy @deepakshenoy]

Why is Jio financial services, JIOFIN at lower circuit every day? It's one of the pitfalls of having so much money in index funds - forced selling.

The largest Indian mutual fund scheme is the SBI Nifty 50 ETF. It has 160,000 cr. in assets. It tracks the NIFTY 50 Index. Also, if you just add the list of funds that track the Nifty 50, you will see over 270,000 crore in Indian mutual funds that track the Nifty.

In the Nifty is Reliance Industries at a weightage of about 10%. It used to be 11%, but then JIOFIN was demerged out of it, and effectively, 1% of the NIFTY is in JIOFIN.

Because Reliance was in the index, JIOFIN, as a demerger result, is also kept in the index. In a set of rules in March 2023, the NSE said this:
* when an index stock demerges, the demerged stock will be part of the index till it lists
* after it lists, it will still be there for three days after which it will be removed from the index
* if it hits circuits for the first two days, it remains in the index for another two days.

JIOFIN listed on Monday. It hit the lower circuit on Monday and Tuesday, so it will stay in the index till Friday. If it keeps hitting the lower circuit, it will remain in the index until a day when it doesn't hit the circuits and boom, the next day it's out.

Complex? That's because of the index funds. JIOFIN doesn't qualify to be in the index (not enough listed history etc) So it should be removed. But because Index Funds own all the stocks in the Nifty, they will also have JIOFIN through the demerger. Remember all shareholders of Reliance got an equal number of shares of JIOFIN.

You can't remove JIOFIN from the index. Because the funds can't sell JIOFIN. If you removed JIOFIN from the index, the weights of all stocks would change but because Index funds can't sell it, they would have the wrong weights and not be able to track the index properly.

So the rule explains things: when JIOFIN lists and there's some time to sell it (assuming no circuits) then JIOFIN is removed.

Why is JIOFIN falling? Because these index funds want to sell it - the minute it is out of the lower circuit, it's out of the index so they need to be out of it by then.

Basically, they don't care if JIOFIN is a good co. It's like hello, it's not in the index, so I sell boss, don't care about anything else. This is "forced selling".

Now how much is there? Consider that 270,000 cr. is in Indian index funds (apart from active mutual funds that hold Reliance - those funds don't have to sell and can hold it for longer)

1% of that is 2,700 crores. That's the quantity that will be forced to sell, roughly. At Rs. 224 per share, that is roughly 12 crore shares that index funds must sell.

The current sell quantities on the exchange (NSE) are around 14 crore shares. Only 42 lakh shares have actually traded. Until this selling is absorbed, we'll see these lower circuits. It doesn't matter how good or bad the company is.

Disclosure: we own it.

[ISRO @isro]

Chandrayaan-3 Mission:
All set to initiate the Automatic Landing Sequence (ALS).
Awaiting the arrival of Lander Module (LM) at the designated point, around 17:44 Hrs. IST.

Upon receiving the ALS command, the LM activates the throttleable engines for powered descent.
The mission operations team will keep confirming the sequential execution of commands.

The live telecast of operations at MOX begins at 17:20 Hrs. IST

[Kondal Kolipaka @kondalk]

What mistake this little girl has done?

@kp_vivekanand @RajuShambipur @KTRBRS @KTRoffice

#Bachupally #badroads #RoadSafety

[Kondal Kolipaka @kondalk]

Here is the real situation

Thousands of children endure unimaginable suffering while traveling on this road every day.

#RoadSafety #Bachupally

@RajuShambipur @kp_vivekanand @KTRBRS

[Romeen Sheth @RomeenSheth]

"What does the rest of the world not get about India?"

I asked this question to @kunalb11.

Kunal founded @CRED_club - a leading Indian fintech valued at $1B+.

This list is a must read if you're interested in Indian startups.

Here were my favorite insights he shared: