Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
Ek aur mil gaya 
Now, Microsoft looks to grab a $2 billion stake in RIL’s Jio Platforms
Microsoft Corp. is negotiating an investment of as much as $2 billion in billionaire Mukesh Ambani’s Jio Platforms Ltd, the digital unit of India’s most valuable company, said two people aware of the discussions.
“Microsoft has been in discussions with several players in the digital payments services space. With Reliance, Microsoft is interested in buying more than a 2.5% stake in Jio Platforms," one of the two people cited above said, seeking anonymity.
If the negotiations are successful, the world’s most valuable company will get a slice of Jio Platforms that has already attracted investments worth $10 billion in just a month from marquee investors, including Facebook Inc., KKR & Co., Silver Lake, Vista Equity Partners and General Atlantic.
While Microsoft has shown a keen interest in cementing its partnership with Jio Platforms by buying a stake in the company, there is no guarantee that the investment will go through, the second person said, also requesting anonymity.
In February, Microsoft’s chief executive Satya Nadella said the company has forged a partnership with Reliance Jio. As part of the deal, Reliance Jio plans to set up data centres across the country and use Microsoft Azure’s cloud services for enterprise clients.
While a Microsoft spokesperson said the company does not “have any information to share here", an email sent to Reliance Industries did not elicit a response.
Foreign investors are making a beeline for Jio Platforms as they seek to tap India’s fast-growing digital market. Jio Platforms combines all of Reliance’s digital and telecom initiatives, including Jio digital services (mobile, broadband), apps, tech capabilities (artificial intelligence, Big Data, Internet of Things, etc.,) and other investments such as in Den Networks, Hathway Cable and Datacom Ltd.
https://www.livemint.com/companies/...take-in-ril-jio-platforms-11590606139861.html
Now, Microsoft looks to grab a $2 billion stake in RIL’s Jio Platforms
Microsoft Corp. is negotiating an investment of as much as $2 billion in billionaire Mukesh Ambani’s Jio Platforms Ltd, the digital unit of India’s most valuable company, said two people aware of the discussions.
“Microsoft has been in discussions with several players in the digital payments services space. With Reliance, Microsoft is interested in buying more than a 2.5% stake in Jio Platforms," one of the two people cited above said, seeking anonymity.
If the negotiations are successful, the world’s most valuable company will get a slice of Jio Platforms that has already attracted investments worth $10 billion in just a month from marquee investors, including Facebook Inc., KKR & Co., Silver Lake, Vista Equity Partners and General Atlantic.
While Microsoft has shown a keen interest in cementing its partnership with Jio Platforms by buying a stake in the company, there is no guarantee that the investment will go through, the second person said, also requesting anonymity.
In February, Microsoft’s chief executive Satya Nadella said the company has forged a partnership with Reliance Jio. As part of the deal, Reliance Jio plans to set up data centres across the country and use Microsoft Azure’s cloud services for enterprise clients.
While a Microsoft spokesperson said the company does not “have any information to share here", an email sent to Reliance Industries did not elicit a response.
Foreign investors are making a beeline for Jio Platforms as they seek to tap India’s fast-growing digital market. Jio Platforms combines all of Reliance’s digital and telecom initiatives, including Jio digital services (mobile, broadband), apps, tech capabilities (artificial intelligence, Big Data, Internet of Things, etc.,) and other investments such as in Den Networks, Hathway Cable and Datacom Ltd.
https://www.livemint.com/companies/...take-in-ril-jio-platforms-11590606139861.html
Maruti looks at leasing option as sales decline
- India’s largest car maker will follow some of its closest rivals such as Hyundai Motor India Ltd and Mahindra and Mahindra Ltd, who already offer their vehicles on lease
- The plan has been in the works for about a year and is being spearheaded by a special projects team of the company
More firms may opt for delisting
Anil Agarwal’s Vedanta Ltd was the first off the block since the coronavirus pandemic hit India’s economy. Agarwal has offered to purchase the 49% stake held by public shareholders in the company.
Given the sharp fall in the value of their stocks, more companies could look at the option of delisting their shares in the coming months, capital market advisers said. Adani Power Ltd and Diageo Plc-owned United Spirits Ltd are also considering going private, according to media reports.
“We are seeing growing interest in delisting. While it is surely a play of depressed valuations, it could also be a strategic move to reward shareholders and have better control over the company," said Yash Ashar, partner and head of capital markets at law firm Cyril Amarchand Mangaldas.
He added that the recent changes made by regulator Securities and Exchange Board of India (Sebi) to delisting norms, including allowing the acquirer to make a counter offer if the price discovered under the reverse book building process is not acceptable and a clarification on the reference date for computing the floor price, have helped ease the delisting process.
“While certain issues such as requirement of 90% shareholding of the promoter and promoter group post delisting—higher than global requirements—and clarity on counter offer mechanism remain, we expect there will be more activity on the delisting front in the coming months, till the companies see significant recovery in market capitalization," added Ashar.
To be sure, while depressed valuations might be an attractive reason for the promoter to take the company private, the move might not be the best from the point of view of minority shareholders.
Vedanta’s move to buy shares from public shareholders at an indicative price of ₹87.5 has not been received positively as shareholders feel that the price offered is not reflective of the true value of the company, Mint reported on 21 May. The final price of delisting will be determined by a reverse book-building process.
“On pricing, we don’t like companies to be opportunistic about delisting," said Amit Tandon, chief executive of proxy advisory firm Institutional Investor Advisory Services.
Tandon said that the market can be divided into two sets of companies, those that are important for the markets that they stay listed and those that are better off delisted.
“Then you have the broader issue of the integrity of the market. Here you begin by classifying companies into two sets. The first set of companies are those who you want to continue to remain listed and the second is the set with sharp practices and unreliable accounts. We need to find a way to encourage the first set to continue to remain listed and the second set of companies to delist," said Tandon.
Under this framework, even if a firm is being opportunistic but has questionable governance practices, you may be indifferent if they delist, he said.
https://www.livemint.com/market/sto...rms-may-opt-for-delisting-11590606762524.html
- Given the sharp fall in the value of their stocks, more companies may seek to take their firms private
- Anil Agarwal’s Vedanta Ltd was the first off the block since the coronavirus pandemic hit India’s economy
Anil Agarwal’s Vedanta Ltd was the first off the block since the coronavirus pandemic hit India’s economy. Agarwal has offered to purchase the 49% stake held by public shareholders in the company.
Given the sharp fall in the value of their stocks, more companies could look at the option of delisting their shares in the coming months, capital market advisers said. Adani Power Ltd and Diageo Plc-owned United Spirits Ltd are also considering going private, according to media reports.
“We are seeing growing interest in delisting. While it is surely a play of depressed valuations, it could also be a strategic move to reward shareholders and have better control over the company," said Yash Ashar, partner and head of capital markets at law firm Cyril Amarchand Mangaldas.
He added that the recent changes made by regulator Securities and Exchange Board of India (Sebi) to delisting norms, including allowing the acquirer to make a counter offer if the price discovered under the reverse book building process is not acceptable and a clarification on the reference date for computing the floor price, have helped ease the delisting process.
“While certain issues such as requirement of 90% shareholding of the promoter and promoter group post delisting—higher than global requirements—and clarity on counter offer mechanism remain, we expect there will be more activity on the delisting front in the coming months, till the companies see significant recovery in market capitalization," added Ashar.
To be sure, while depressed valuations might be an attractive reason for the promoter to take the company private, the move might not be the best from the point of view of minority shareholders.
Vedanta’s move to buy shares from public shareholders at an indicative price of ₹87.5 has not been received positively as shareholders feel that the price offered is not reflective of the true value of the company, Mint reported on 21 May. The final price of delisting will be determined by a reverse book-building process.
“On pricing, we don’t like companies to be opportunistic about delisting," said Amit Tandon, chief executive of proxy advisory firm Institutional Investor Advisory Services.
Tandon said that the market can be divided into two sets of companies, those that are important for the markets that they stay listed and those that are better off delisted.
“Then you have the broader issue of the integrity of the market. Here you begin by classifying companies into two sets. The first set of companies are those who you want to continue to remain listed and the second is the set with sharp practices and unreliable accounts. We need to find a way to encourage the first set to continue to remain listed and the second set of companies to delist," said Tandon.
Under this framework, even if a firm is being opportunistic but has questionable governance practices, you may be indifferent if they delist, he said.
https://www.livemint.com/market/sto...rms-may-opt-for-delisting-11590606762524.html
Ek aur mil gaya
Now, Microsoft looks to grab a $2 billion stake in RIL’s Jio Platforms
Microsoft Corp. is negotiating an investment of as much as $2 billion in billionaire Mukesh Ambani’s Jio Platforms Ltd, the digital unit of India’s most valuable company, said two people aware of the discussions.
“Microsoft has been in discussions with several players in the digital payments services space. With Reliance, Microsoft is interested in buying more than a 2.5% stake in Jio Platforms," one of the two people cited above said, seeking anonymity.
If the negotiations are successful, the world’s most valuable company will get a slice of Jio Platforms that has already attracted investments worth $10 billion in just a month from marquee investors, including Facebook Inc., KKR & Co., Silver Lake, Vista Equity Partners and General Atlantic.
While Microsoft has shown a keen interest in cementing its partnership with Jio Platforms by buying a stake in the company, there is no guarantee that the investment will go through, the second person said, also requesting anonymity.
In February, Microsoft’s chief executive Satya Nadella said the company has forged a partnership with Reliance Jio. As part of the deal, Reliance Jio plans to set up data centres across the country and use Microsoft Azure’s cloud services for enterprise clients.
While a Microsoft spokesperson said the company does not “have any information to share here", an email sent to Reliance Industries did not elicit a response.
Foreign investors are making a beeline for Jio Platforms as they seek to tap India’s fast-growing digital market. Jio Platforms combines all of Reliance’s digital and telecom initiatives, including Jio digital services (mobile, broadband), apps, tech capabilities (artificial intelligence, Big Data, Internet of Things, etc.,) and other investments such as in Den Networks, Hathway Cable and Datacom Ltd.
https://www.livemint.com/companies/...take-in-ril-jio-platforms-11590606139861.html
Now, Microsoft looks to grab a $2 billion stake in RIL’s Jio Platforms
Microsoft Corp. is negotiating an investment of as much as $2 billion in billionaire Mukesh Ambani’s Jio Platforms Ltd, the digital unit of India’s most valuable company, said two people aware of the discussions.
“Microsoft has been in discussions with several players in the digital payments services space. With Reliance, Microsoft is interested in buying more than a 2.5% stake in Jio Platforms," one of the two people cited above said, seeking anonymity.
If the negotiations are successful, the world’s most valuable company will get a slice of Jio Platforms that has already attracted investments worth $10 billion in just a month from marquee investors, including Facebook Inc., KKR & Co., Silver Lake, Vista Equity Partners and General Atlantic.
While Microsoft has shown a keen interest in cementing its partnership with Jio Platforms by buying a stake in the company, there is no guarantee that the investment will go through, the second person said, also requesting anonymity.
In February, Microsoft’s chief executive Satya Nadella said the company has forged a partnership with Reliance Jio. As part of the deal, Reliance Jio plans to set up data centres across the country and use Microsoft Azure’s cloud services for enterprise clients.
While a Microsoft spokesperson said the company does not “have any information to share here", an email sent to Reliance Industries did not elicit a response.
Foreign investors are making a beeline for Jio Platforms as they seek to tap India’s fast-growing digital market. Jio Platforms combines all of Reliance’s digital and telecom initiatives, including Jio digital services (mobile, broadband), apps, tech capabilities (artificial intelligence, Big Data, Internet of Things, etc.,) and other investments such as in Den Networks, Hathway Cable and Datacom Ltd.
https://www.livemint.com/companies/...take-in-ril-jio-platforms-11590606139861.html
Torrential downpour since early morning. It is making me lazy. Traders have the benefit of not having to ask for leave permission from boss. 
Trading should not be done as a duty. You should constantly search for the set ups. That is the duty. That can even happen during non-trade hours.
To cut a tree there are two strategies:
1. Grind the axe for 4 hours and chop the tree in 1 hour
2. Chop the tree for 5 hours.
I prefer the first strategy. It works. The second one may or may not work. It may even fail, or leave one exhausted.
So you cannot put any time value to trading. If you don't feel like trading, do not trade. Just turn your computer on and make note of set ups. You should basically enjoy the trading work and have fun.
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