@moneyworks4u_fa I think money works that way only, money attract more money, high price goes more higher. That's why people miss rally or something exit early, by thinking it was overbought. Same for downside. People are thinking from 3000 level, TCS can't go down, HDFC can't go below 1000.But.!
Indiaโs declining economy. Since year 2020 it has been losing strength. A collapse this year in October may happen if strict economic reforms are not introduced. Modi is clueless and Finance Ministry is bewildered. Our Nation may soon be seen internationally as being led of economist clowns. Time for our patriotic scholars to suggest the way out.
Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
Itโs a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.
@udaykotak They will use this amount for AI expenditure, not sure if this is a good move by Google. Companies already spent huge in AI and still clueless about actual revenue or profit model. Let's see how things get unfold.
@REDBOXINDIA India always saying "yes Sir" to USA. Which is really bad things for any deals in future. The problem is - india became dependent on USA and China, and has no words to say. All because of the economic situation, trade deals , export import numbers.