P K

...mostly thinking about markets!

[P K @shareswalla]

There's NO margin of safety IMO for the current/ next generation to expect human life/society to remain the same. All we need is one black swan event & butterfly effect can wipe out sizeable population.

Especially for densely populated countries...

#antinatalism #childfree

[Adam Nash @adamnash]

Bubble. 😉

[Nithin Kamath @Nithin0dha]

One of the reasons filing takes time is the constant back-and-forth with your accountant. @zerodha’s Tax P&L reports were already largely tax-ready, but over the last few months, we’ve spent quite a bit of time making them even better.

Btw, historically, brokers didn’t really provide good tax statements, which made filing taxes on trading and investing a pain in the ***. Around 2013, we realised that this could be a significant value-add for customers, and we became the first broker to offer a dedicated Tax P&L statement.

We also created a dedicated @ZerodhaVarsity module on taxation related to trading and investing to make customers’ lives a little easier.

Taxation on market activity has changed significantly since then and has only become more complicated. Our tax reports account for these changes, so you don’t have to worry about figuring everything out yourself.

Some new things we’ve added recently:

1. The Trade-wise Entry/Exit and Equity sheets now classify investments as equity, non-equity, and debt ETFs.
2. Short-term and long-term capital gains from non-equity transactions are now shown separately.
3. Dividend income now comes with a quarter-wise breakup, while interest received from debt securities is available in a dedicated Debt Interest Statement along with dividends.
4. You can now download quarterly Tax P&L reports aligned with advance-tax due dates.
5. The Tax P&L page now also includes a summary of profits and losses from non-equity transactions.

So, you can now pretty much download the reports and send them directly to your CA without worrying that something important might be missing.

You can also check out @Quicko_official in case you need help.

[Barchart @Barchart]

Global Bond Yields hit highest level since the Global Financial Crisis 🚨 🚨

[P K @shareswalla]

@myvaluepicks Obviously its a function of one's monthly expenses.

[P K @shareswalla]

@myvaluepicks Who would listen to these podcasters, if excel sheets only showed 2+ Cr? [I did this FUM calculation a decade back, before quitting my last corporate job].

[Fundoo Professor @Sanjay__Bakshi]

Recall Wikipedia killed all encyclopaedias including Encyclopaedia Britannica, World Book Encyclopaedia, and Microsoft Encarta. Defective but free is often good enough for most customers, existing and potential.

[Adani Group @AdaniOnline]

Media Statement

24 July 2026, Ahmedabad

We would like to categorically deny the recent media reports and market speculation suggesting that Adani Enterprises is planning to launch an airline. These reports are entirely baseless and factually incorrect.

Adani Enterprises is not evaluating any proposal to enter the airline business.

[Ankur Singh @AnkurSingh]

April 2010

Naxals killed 76 Jawans in Dantewada, Chhattisgarh. Then Home Minister P. Chidambaram offered to resign.

BJP was in Opposition, but asked Chidambaram not to Resign.

Do you know why?

BJP said if Chidambaram quits, Maoists will hail it as their victory. Also, home minister "cannot be seen as retreating".

"We expect him to face the situation boldly. We cannot see the country standing defeated by Maoists"

"Chidambaram should make aspirational statements to boost the morale of the security forces. The BJP will support all the endeavours of the government in its battle to finish the Leftist rebels."

[P K @shareswalla]

@a_basumallick JIT for WB to finally acknowledge (implicitly) that how Tech is eating everything else & he has to look for the ephemeral MOAT in the Tech industry!

[UnlistedZone @UnlistedZone]

In 2015, a man who sold imported beer out of a small Delhi operation decided India deserved its own craft beer. He called it Bira 91. The monkey mascot showed up on bar taps from Gurgaon to Bandra. Kirin Holdings put money in. So did Peak XV and Sofina.

Last week, that man, Ankur Jain, walked off his own board.

Not fired, exactly. Not resigned, exactly. Settled.

And buried inside B9 Beverages' FY24 annual report is the reason his exit looked less like a negotiation and more like a foregone conclusion.

Read whole report here:

https://t.co/kN9q1dHfbJ

[Barchart @Barchart]

Gold has overtaken U.S. Treasuries as the World's Top Reserve Asset 🤯👀

[P K @shareswalla]

So, EU has to import its gas at much higher cost from #UKnowWho 🤑🤑🤑

Will this conflict end???🤔

[Charlie Bilello @charliebilello]

Price increases since start of the Iran war...
Sulfur: +142%
European Natural Gas: +97%
Heating Oil: +62%
Jet Fuel: +44%
Diesel: +38%
Gasoline: +36%
Rice: +36%
WTI Crude Oil: +30%
Brent Crude Oil: +29%
Diammonium Phosphate: +25%
Cotton: +23%
Wheat: +18%
Palm Oil: +14%

[Naresh Katariya @KhivrajNaresh]

Bombed out sentiment for Gold appears to be a favourable setup, from a contrarian perspective

[P K @shareswalla]

@raamki https://t.co/vgGRuc0j9f

[Zara Quinn @_Zaraquin]

Spanish goalkeeper in the world cup finals 😂😂

[P K @shareswalla]

@raamki After many many decades, I watched a football game's live broadcast. And I was left wondering how Argentina even got to finals!

[Charlie Bilello @charliebilello]

Price increases since start of the Iran war...
Sulfur: +142%
European Natural Gas: +97%
Heating Oil: +62%
Jet Fuel: +44%
Diesel: +38%
Gasoline: +36%
Rice: +36%
WTI Crude Oil: +30%
Brent Crude Oil: +29%
Diammonium Phosphate: +25%
Cotton: +23%
Wheat: +18%
Palm Oil: +14%

[Rahul Mathur @Rahul_J_Mathur]

Mukesh Bansal wrote a ₹5.15 cr cheque into Skyroot Aerospace on 23rd July 2018.

He was the only investor to back ISRO scientists Pawan and Naga.

During the ET Young Turks interview, Pawan described this as “I remember googling how to raise capital. I didn't even know what equity was. I sent a LinkedIn message to Mukesh Bansal.”

Mukesh would add more capital twice - another ₹5.15 cr in April 2019 and ₹2 cr in Nov 2020.

In 2019, he was once again the ONLY investor. In 2020, he was the largest cheque.

Deep conviction demonstrated across 3 rounds - his peak ownership in the business was ~28.1%.

Mukesh’s total holdings in Skyroot Aerspace is worth ~₹708.99 crore as of Skyroot’s Series C funding round on 7th May 2026

[DSP Mutual Fund @dspmf]

308 goals were scored at this world football tournament, but only one of them was scored against the team that won the championship.

Seven matches. Six clean sheets. One goal let in.

There is no highlight reel of goals that weren’t scored. No viral videos of a defence strategy that seemed boring to watch. Defence isn’t exciting.

But defence also helps set up big wins. In football, and in investing too.

We celebrate funds that returned 60% in a year. The stock that doubled or even tripled.

But we rarely talk about the portfolio that didn't fall 30% when everything else did. Investors who lose less during the big drawdowns are not labelled heroes.

Champion investors know this, and that’s why their portfolios win by conceding less.

That's why they are unaverage.

[Nithin Kamath @Nithin0dha]

This is my first long conversation in a very, very long time.

The idea was to talk about all the things that make Zerodha what it is today, because a lot of people don’t really know how differently Zerodha has been built compared to most other companies.

We’ve never raised external capital. We don’t advertise. We don’t have a sales team with sales targets. We don’t do much marketing. We don’t push people to trade or invest. And we have a relatively small team that has remained at roughly 1,000 people since around 2018–19, even though the business has grown five or six times since then.

In this conversation, I spoke about all these things and more: how we think about growth, risk, competition, and the future of Zerodha.

This is also the beginning of a new series where we want to shine a spotlight on the people who have made @zerodha what it is today. A lot of them aren’t very well known, so the idea is to put them on the spot and tell their stories.

Check out the full conversation on the Zerodha YouTube channel. The link is in the comments.

[Narendra Modi @narendramodi]

A historic new frontier for India’s space journey!

At 11:30 AM today, Skyroot Aerospace will undertake the maiden orbital launch of Vikram-1, India’s first privately developed launch vehicle.

This four-stage rocket is designed to provide rapid and on-demand launch services. This mission highlights the talent, determination and entrepreneurial spirit of our youth. It also shows how our space-sector reforms are unlocking new opportunities for innovation and enterprise.

My best wishes to the entire Skyroot Aerospace team for a successful launch. May Vikram-1 soar high, create history and inspire a generation of innovators.

I urge all Indians, especially my young friends, to follow this historic mission and join in wishing Team Skyroot success using #IndiaWithVikram1.

@SkyrootA

[P K @shareswalla]

Those who haven't seen CONgress's rule...

ICYDK: CONgress would NOT have ever done it! EVER!!!

[Sanjeev Sanyal @sanjeevsanyal]

Just 6 years since the sector was fully opened up ….