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India and Israel fta: India, Israel Agreed To Start Free Trade Talks Starting Next Month

India and Israel on Monday agreed to begin free trade agreement (FTA) negotiations starting next month, with both sides relying on a long-awaited agreement in June next year.

“Our officials have actually agreed to restart free trade talks between India and Israel in November. They are very confident that we can end the talks next June,” Foreign Minister S Jaishankar said after meeting the Vice President. Minister and Minister of Foreign Affairs Yair Lapid.

Negotiations on a free trade agreement have been going on between the two parties for more than a decade, but this is the first time a specific deadline has been set that gives seriousness to the process.

Several notifications about the case have been sent from both sides over the years, but the deal is incomprehensible.

For his part, Lapid also stressed that the free trade agreement would be “concluded as soon as possible” in the interests of both the country and the economy.

“I hope to strengthen our national friendship more deeply,” he said, describing India as “one of our great partners, not only a strategic partner but also a partner.

“We have seen India as an important ally for many years,” Lapid said. “India also offers new opportunities for cooperation.”

The two ministers also discussed further cooperation in the fields of water and agriculture.

India and Israel fta: Israel has also joined the International Solar Alliance (ISA), an international initiative spearheaded by India, signed by Jaishankar and Israeli Energy Minister Karine Elharrar.

“First of all, let me say how great it is to see Israel join the International Sun Alliance. I think you bring a lot of value and as we approach COP 26, it is very important in our agenda of a growing and green., Green economy,” Jaishankar said.

“We understand that only international action will address the climate problem, guarantee the future of our children and loved ones,” Elharrar said after signing the agreement.

“Joining the ISA, along with more than 80 countries blessed with sunshine and sunshine, will enable Israel to contribute and benefit from the global struggle against climate change and work together for a greener future,” he said. Elharrar.

Former Israeli Prime Minister Benjamin Netanyahu in November last year said his country was India’s partner in finding less carbon and less pollution while attending an ISA digital conference at the personal invitation of Prime Minister Narendra Modi.

The ISA, which seeks to harness the power of the sun to control pollution and reduce its carbon footprint, is Prime Minister Modi’s initiative and is said to have included around 80 countries in its group.

To facilitate travel between countries in the COVID outbreak, India and Israel have also agreed to recognize joint vaccination certificates.

Also Read : Bitcoin prices: Bitcoin hovered near the 6-month high in ETF expectations, inflation worried

India and Israel  helped each other during the COVID-19 pandemic, Lapid said. “This is the behavior of friends and acquaintances.”

Jaishankar, who arrived here on Sunday during his inaugural visit to the country, will also call on President Isaac Herzog and Prime Minister Naftali Bennett.

He will also hold talks with leading scholars from across Israel, business leaders and interact with the Indian Jewish community.

Jaishankar will also visit historical places with India and show his long presence in the region and his constructive role in shaping the history of the region.

India and Israel enhanced bilateral ties in strategic cooperation during Prime Minister Narendra Modi’s historic visit to Israel in July 2017.

Since then, relations between the two countries have focused on enhancing knowledge-based cooperation, which includes cooperation in innovation and research, including strengthening the “Make in India” initiative, the Foreign Ministry said in a statement before leaving.

Bitcoin prices: Bitcoin hovered near the 6-month high in ETF expectations, inflation worried

Cryptocurrency or bit-coin has come in a lot of trends in today’s time, many people are investing in it in today’s time, in this blog we are going to talk about its price which is very important for you to know.If you invest in cryptocurrency or bit-coin.

TOKYO: Bit-coin soared to a six -month high on Monday ahead of the listing of the first U.S. futures fund (ETF) to be listed in the near future, which investors hope will boost cryptocurrency trading volumes.

If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bit-coin Strategy ETF will expire 75 days since the fund manager announced plans and be able to begin trading on Tuesday.

Other fund managers may list bitcoin ETFs in the next few days and weeks and this could lead to wider investment in digital assets.

The world’s largest cryptocurrency last stood at $ 62,288, close to Friday’s six -month high of $ 62,944 and nearly hitting a total of $ 64,895 in April.

Ether, another popular token used on the Ethereum blockchain, traded at $ 3,866 and has been rising alongside bit-coin prices since mid -September.

“News of the futures stock chain is nothing new for those who monitor the space closely, and for many, this is a step forward, not a change felt by some,” said Chris Weston, head of research at Pepperstone in Melbourne, Australia.

“We were very happy with the previous local ETFs and this may require more work on the rules.”

Fund managers who have applied to market bitcoin ETFs in the United States include VanEck Bitcoin Trust, ProShares, Invesco, Valkyrie and Galaxy Digital Funds.

The Nasdaq on Friday approved the listing of the Valkyrie Bitcoin Strategy ETF. Grayscale, the world’s largest digital currency operator, plans to replace its flagship product, Grayscale Bitcoin Trust, with a bitcoin ETF, CNBC reported on Sunday.

After months between the SEC and potential bitcoin issuers in the future, regulators seem poised to roll out a handful of files that will open the door to wider access to cryptocurrency for retail and institutional investors.

Under the rules used by ETF issuers, the SEC is not required to provide explicit approval to ETFs, which can be initiated at the end of the 75 -day period if U.S. regulators. do not argue.

Financial investors expect that the approval of the first US bitcoin ETF will require an inflow of money from institutional players who are currently unable to invest in digital currencies.

Growing concerns about global inflation have also heightened appetite for bitcoin, which is in limited supply, in contrast to the large number of currencies issued by central banks in recent years as monetary authorities print money to stimulate their economies.

“Unlike previous tournaments, there isn’t much turmoil in the market. More and more investors are starting to think that inflation may not be temporary and bitcoin can be chosen as a hedge against inflation,” said Makoto Sakumra, a researcher at the NLI Research Institute.

How The Swedish Green Champion Was Finally Able To Carry Out His Carbon Sins

When a Swedish court ordered the country’s largest cement producer to stop lime production from large defense stations on Gotland to prevent pollution, ecologists rejoiced.

In addition to protecting wildlife and water supplies, the decision could force the plant, which produces 75% of Sweden’s cement and the country’s second -largest carbon emitter, to stop production while looking for raw materials elsewhere or even shut down altogether.

This may be good for the Swedish emissions target, but not good news for the outside world.

A government report released by Reuters says it could force Sweden to import cement from countries that emit more emissions throughout the production process – or risk losing big jobs in the domestic construction industry.

“Imports outside the EU tend to have a greater environmental impact due to lower CO2 emission standards and lower land use standards,” the report said.

The Swedish problem is one of the challenges facing the Glasgow states in the UN climate debate, COP26: how to show that they are not reducing emissions by simply exporting the problem elsewhere – a phenomenon called “carbon leakage”.

Sweden, a rich and stable Nordic democracy, has long been at the forefront of the world environment and has managed to reduce greenhouse gases over the years while maintaining economic growth toward its 2045 net emissions target.

It has the highest carbon tax in the world at $ 137 per ton and is a leader in the use of renewable energy. In 2018, CO2 emissions per capita were 3.5 tonnes, well below the European Union average of 6.4 tonnes, according to World Bank data.

But the state of the Slite cement plant illustrates growing tensions between environmental goals and the 2015 Paris Agreement signed by nearly 200 countries to try to limit global warming to 1.5 degrees Celsius.

“We have to pay attention to visits – to do as much as possible for the climate – but also to maintain great ideals when it comes to our local environment,” Per Bolund, Sweden’s environment and climate minister, told Reuters. “It is possible to balance the two.”

FULL OF PETROL

Most of the cement imported from Europe comes from Turkey, Russia, Belarus and countries in North Africa.

They differ from the EU Emissions Program (ETS), the world’s largest carbon market, and the market that determines the carbon footprint of energy -intensive industries, including cement, in 27 national organizations.

The World Bank says only 22% of world emissions were subject to price controls last year, and the International Monetary Fund set the world average carbon price at $ 3 per tonne – a fraction of Sweden’s carbon tax.

Although Swedish courts are not concerned with Slite’s carbon footprint, but with the risks posed by quarries, local groundwater, the impact on emissions depends on the efficiency and energy composition of producers who tend to supply Swedish cement.

Slite’s owner, HeidelbergCement in Germany, also plans to make it the world’s first carbon fiber cation plant by 2030, but uncertainty about its future after the decision could delay or even destroy it.

“We need a long -term decision on this operation if it is not delayed,” Magnus Ohlsson, CEO of Swedish subsidiary HeidelbergCement, Cementa, said last month.

Koen Coppenholle, head of European cement group Cembureau, says he is confident that European factories as a whole are “cleaner” because high EU carbon taxes on producers have prompted them to invest to reduce their emissions.

“In Europe, right now, we replace 50% of our primary fuel needs with other fuels,” he said.

According to Cembureau, however, cement imports outside the EU have jumped 160% in the last five years, although the overall volume is relatively small.

But carbon leakage, where emissions are shifted from countries with stricter environmental regulations to countries with more relaxed and cheaper controls, is a problem for dozens of industries and policymakers trying to address it.

In July, the EU announced plans for the world’s first carbon tax to protect European industries, including cement, from competitors abroad where producers produce at lower costs because they are not charged for their carbon production.

The cement industry in Europe supports the move but warns that it is difficult to address, such as how to measure emissions in different countries where processes and fuels differ.

“If you set strict requirements for CO2 and emissions, you have to make sure that you do it de

In a country like Sweden, which has reduced emissions by 29% in the last three decades, the issue of domestic action on global impacts is much higher than that of cement.

Emissions from domestic production are already declining and will drop to nearly 60 million tonnes of carbon equivalent by 2018.

But if you measure what Swedes eat, including goods and services produced abroad, the figure is about a third higher, according to Statistics Iceland, which sets so-called emissions based on consumption at 82 million tonnes that year.

The climate is global

The local versus international perspective also raises the question of which industry policy is greener.

Sweden’s leading steel company SSAB, state -owned company LKAB and utility Vattenfall, for example, have invested heavily in developing processes to produce fertilizer without using fossil fuels.

They say that switching to the green hydrogen energy mentioned above will reduce Sweden’s emissions by around 10%, a key step towards achieving the country’s goal of 2045 net emissions.

But for scientists Magnus Henrekson at the Industrial Economics Research Institute, Christian Sandstrom at the Jonkoping International Business School and Carl Alm at the Ratio Institute, this is an example of “environmental nationalism” that benefits one country, not the world.

 Swedish green champion 

They estimate that if Sweden exports the renewable energy it will use to produce hydrogen for Poland and Germany – so they can reduce coal production – then total CO2 emissions will be reduced 10 to 12 times more than by producing “green” fertilizer.

Although the EU’s carbon footprint will only be maintained after 2026, it may be too late to affect the fate of the Cementa limestone mine.

The Swedish parliament has approved the government’s proposal to harmonize the country’s environmental laws to delay construction of Cementa, but no long-term solution has been found.

Environmentalists such as David Kihlberg, head of climate change at the Swedish Environmental Protection Agency, say the easing of regulations is a reason for the industry to delay the changes that need to happen now.

“It would be terrible for climate activists if Sweden reached the summit of the Glasgow climate conference and said that our climate policy is to increase emissions and environmental impacts to pull the carpet under Chinese cement producers,” he said, referring to the violent -scenario.

“Climate change is global in nature and must be resolved internationally cooperation.

Imports Of Coal From India Declined In August Despite Higher Fuel Demand From Energy Sector

The problem of electricity is clearly visible in the country, in fact, the lack of coal in the country has had a great impact on electricity production.

India’s coal imports fell by 2.7 per cent to 15.22 million tonnes (MT) in August this year amid power plants in the country struggling with fuel shortages.

The country imported 15.64 tonnes of coal in the corresponding month last year.

According to data compiled by mjunction services, “Imports in August 2021 were about 15.22 million tonnes … imports in August 2021 also decreased by 2.7 percent from August 2020.”

The CEO of Mjunction and MD Vinaya Varma attribute the reduction in volume to a steady rise in sea coal prices as well as the initiative of domestic miners to import imports.

However, he said that there was a great demand for the power-intensive industry.

“What effect this will have on imports, given the volatility in international prices, remains to be seen,” he added.

Of the total imports in August 2021, 9.08 MT carbon without coke was imported against 10.33 MT in August last year. Imports of coke were 4.37 tonnes, compared to 3.17 tonnes in August 2020.

It is estimated that India’s coal imports in August 2021 through major and other major ports will decrease by 6.71 percent over July 2021.

Imports in July amounted to 16.31 MT.

In April-August 2021, coal imports stood at 92.49 MT, about 21.27 percentage points higher than 76.27 MT imported in April-August 2020.

In April-August 2021, imports of coke-free coal were 60.85 MT, compared to 51.23 MT imported in April-August 2020.

Coke imports were 22.19 MT and 14.38 MT were imported during the same period last year.

Indian coal, which accounts for over 80 percent of domestic coal production, had previously said that as coal prices rose in international markets, all consumers competed for domestic coal and increased demand.

Coal Minister Pralhad Joshi said on Thursday that the closure of some mines and the flooding of several others due to the monsoon led to the crisis, but that there was no need to despair when the situation improved.

How To Deal With Employment Crises And Climate Change COVID-19? Invest In Clean Energy

During covid, there has been a lot of impact on the economy of the country and during the same time there has been a lot of impact on employment, which we are going to know in this blog, basically in this blog you will be told how you can deal with the problem of employment crisis. Is

Investing in clean energy could help offset the slowdown caused by the COVID-19 pandemic as it will add more jobs backed by fossil fuels, researchers said Monday.

A report by the US -based think tank World Resource Institute (WRI) says, “Green investment can be an important part of the recovery package, leading to job creation and positive economic outcomes and helping tackle climate change.”. ”

But to spur growth after millions lost their jobs during coronavirus closures around the world, governments are spending more on heavy-carbon industries that don’t address climate change and don’t give workers sustainability.

Analyzing more than a dozen studies done in the past decade, the WRI report estimates that a $ 1 million green investment will create more short -term jobs than the amount invested in roads and fossil fuels.

But the quality of jobs created in climate -positive regions should be protected by ensuring fair wages and working conditions, the report said, which called on the government to engage with trade unions and employers on the issue.

Researchers say that as the world struggles with rising heat and more extreme weather as well as job losses, greening will provide an opportunity to overcome both of those problems.

“Investing in a climate is not a cost but an economic opportunity,” Joel Jagger, lead author of the WRI report, told the Thomson Reuters Foundation.

According to the International Labor Organization, the outbreak eliminated nearly 255 million full -time jobs last year and caused revenue losses of about $ 3.7 trillion for workers worldwide.

But the stimulus package to revive the pandemic -hit sector tells the story of green apathy, the WRI report said.

According to data from the Energy Policy Tracker cited in the report, industries that rely on fossil fuels have amassed $ 334 billion in government investment, compared to $ 276 billion for renewable energy and public transportation.

It is estimated that Indonesia could add 15.3 million jobs by 2045 and the United States could add 4.5 million jobs per year over 10 years if those countries invest in clean energy and implement low-carbon development strategies.

pandemic benefits
The report says climate -friendly industries have offered better jobs and salaries during the outbreak.

For example, electric vehicle manufacturing in China has attracted people because of high wages, and in Pakistan, the country’s $ 135 million investment in plantations and forest protection has created 85,000 daily wage jobs in the past year.

More broadly, investment in the manufacture of solar-photovoltaic equipment generates 1.5 times more jobs than the amount spent on fossil fuel production, while for wind energy the amount is 1.2 times, according to a study analyzed by WRI. Find out from.

According to the International Renewable Energy Agency, which promotes clean energy and technology, the renewable energy sector has increased the number of jobs in recent years to 11.5 million in 2019, up from 11 million the previous year.

Jaeger researchers say installing solar panels or re -installing buildings to make them more energy efficient is a labor -intensive activity that has the potential to create more jobs.

The report urges that communities and workers who depend on fossil fuels should be retrained and offer alternative lifestyles as the world transitions to clean energy while ensuring quality jobs in renewable energy.

“We should avoid a race to the bottom line where a reduction in the cost of green technology is achieved by cutting wages, job security or working conditions,” the report said.

‘Winners and Lossers’
Proponents say the transition from coal, gas and oil to green energy will create millions of new jobs, redeeming those lost in dirty areas.

But the transition faces political resistance as well as opposition from those whose livelihoods depend on mining and fossil fuel extraction.

Researchers studying coal -dependent communities around the world warn that change will not be quick or easy.

“More and more studies show that there will be more jobs in renewable and clean energy – but they won’t go to the same people who will lose jobs in fossil fuels,” said Sandeep Pai of the Washington -based Center for Strategic and International Studies. .

New jobs will not necessarily be created in the same geographic location, and some of them – such as making solar panels – may not provide high -skilled and sustainable jobs.

“When countries are carbonated, there will be winners – more jobs for people, healthier air and water – but (the losers) will be huge,” Pai said, referring to efforts to diversify the economy of coal -rich regions. Called to start immediately.

PNB Housing Finance Share Price: PNB Housing reports sharp drop in target, “sell” rating, as a contract with Carlisle was canceled

New Delhi: The NBFC is seeing a significant difference after the board decided not to pursue a proposed preference issue of Rs 4,000 million per share to Carlyle Group, General Atlantic, SSG Group and other investors.

Some brokers have lowered their ratings to ‘sell’ and lowered price targets significantly due to lack of growth capital, weak balance sheets and uncertainty about high NPAs.

The stock has seen a rebound and nearly doubled since the capital infusion was announced in May. But now that the deal has been canceled, ICICI Securities says at the moment the stock is likely to decline 0.75x from 1 in the FY23 book, as growth momentum has stalled.

The brokerage said the priority issue was an important trigger for the stock revaluation as it would strengthen PNB Perumahan’s balance sheet and support growth.

“We have reduced our earnings estimates by more than 10 per cent for FY22 and more than 20 per cent for FY23. Given this unfavorable growth, we revised our target price from Rs 848 to Rs 485. We downgraded the stock from ‘buy’ to ‘buy’. sell ‘, “said ICICI Securities. ICICI’s latest target is 42 percent lower than the previous target.

PNB Housing Finance Share Price: PNB Housing reports sharp drop in target, “sell” rating, as a contract with Carlisle was canceled

Another brokerage firm, Nirmal Bang Institutional Equities said NBFC had struggled to raise capital for more than two years, which had impacted new business generation and AUM’s growth, especially at a time when profits were declining due to preparation. I have come.

“At the moment, the company is back from before the capital increase announcement, which means uncertainty has returned. With the stock more than doubling (120 percent at its peak) since the deal was announced. The transaction is closed, we expect a sharp decline in value for the stock,” he said.

PNB Perumahan, Nirmal Bang said, concerns about lack of growth capital, weak balance sheet and underperforming assets need to be addressed.

Bitcoin: Millennials Pull Crypto Out Of The Shadows In India

In hundreds of small towns and cities in India, a generation that has almost no experience with stocks and bonds is moving directly to bitcoin, ethereum, cardano and solana. The average age of 11 million users of CoinSwitch Kuber, a cryptocurrency trading application that didn’t exist 18 months ago, is 25 years old, and 55% of them are from major cities like New Delhi or Mumbai.

The widespread acceptance of digital tokens by Millennials and Generation Z is helping to lift the industry out of the shadows since 2018, when the founder of the crypto stock exchange was briefly in police custody for daring to set up a kiosk in a Bangalore mall, Where people could trade their bitcoins for money. Now business is very public and very visible. CoinSwitch Kuber has joined the popular Bollywood youth icon for an ad campaign titled “Kuch Toh Badlega” – Kuch Toh Badlega.

For CoinSwitch, which began as an aggregator of the best real-time prices for digital assets around the world, something already exists. In 2018, the newly launched venture could not run on its turf as the Monetary Authority of India directed banks not to entertain customers dealing in virtual currency. It was not until March last year that the Supreme Court lifted the ban. CoinSwitch, whose application was released in June, bought 11 million customers in 16 months. Investors eye the startup: It recently became the first in the country to raise $1.9 billion in Silicon Valley venture capitalist Andreessen Horowitz.

After becoming mainstream in such a short period of time, the industry is looking to regulate itself. “We have decided to show our face,” said Ashish Singhal, one of the three co-founders of CoinSwitch. “Even if regulation hurts our business in the short term, it is better than being forced to operate in a gray area with less security and without much room for growth.”

The fear of being banned has increased since last year’s court order gave new life to a dying industry. But now this danger is decreasing. While Beijing announced last month in the clearest terms that it was determined to root out all virtual currency transactions, the general consensus is that New Delhi would be reluctant to take such an extreme step. This is partly because the relationship between private business and the state is different in India, where politicians need corporate donations to contest expensive elections, and citizens do not like being told by the government whether tuition, online games – or owning cryptocurrencies – is bad. for them.

But part of the industry’s confidence stems from the belief that policymakers are confident about the benefits of a blockchain-based innovation economy. iSPIRT, an influential Bangalore-based think tank, advises India to embrace the growing sector of decentralized finance to close the $250 billion financing gap for small and medium-sized enterprises and all like Balaji Srinivasan, former chief technology Online Wall Street builds for. This is described by executives from the largest US cryptocurrency exchange Coinbase Global Inc.

“We, as a country, have missed Internet 1.0,” Singhal said. “We gave Google and Microsoft world-class talent, including their current CEOs, but we didn’t create those titans. With blockchain, we can build some global giants.”

However, the widespread adoption of crypto trading is making authorities – especially central banks – uneasy. CoinSwitch isn’t the only company that uses celebrity endorsements to promote trading ahead of Diwali, the traditional gold buying season. According to Bloomberg News, executives recently met Amitabh Bachchan and informed the Bollywood superstar about their concerns regarding his deal with another Indian crypto-exchange CoinDCX as the brand ambassador.

The current speculative enthusiasm could use some tension, although it is too late to try something more drastic. “It would not be fair for Generation Z investors to defer the entire asset class beyond sanctions,” said Sharan Nair, chief business officer at CoinSwitch. I want to solve the problems in the world. What can they do as a shareholder of a bank whose website they do not like? ”

According to a survey by data analytics firm Kantar, around 83% of urban Indians are aware of digital currencies, while 16% actually have them. They want more – cryptocurrency extraction is now half as strong as mutual funds, a product with which older generations have a very close relationship. It offers a glimpse into the future of investors’ portfolios: a mix of digital assets and traditional financial products. Even without the reflected light of Bollywood stars, the crypto industry in India is not going dark again.

Top Cryptocurrency Prices Today: Bitcoin, Binance coin, Dogecoin add 2%

New Delhi: The major cryptocurrencies lacked strong action on Monday after rising sharply over the weekend. However, most of them traded in the red as investors remain cautious.

Six of the top 10 cryptocurrencies were down at 9.30 am. Bitcoin and Binance Coin were the main coins that maintained their gains, while Solana and Cardano each lost 2%.

The global crypto market has grown marginally over the past day, hovering near $2.5 trillion. However, the total volume of the crypto market declined by 4% to $87.71 billion.

Mudrex CEO and co-founder Edul Patel said that the consolidation of bitcoin over the past few days has given investors anticipation of a move higher, as BTC crossed the $62,000 mark in the past 24 hours.

“The rest of the cryptocurrency market remains cautious about movements in BTC and ETH. The cryptocurrency spectrum is likely to be volatile over the next 24 hours,” he added.

Over the weekend, the U.S. The Securities and Exchange Commission announced the first U.S. approved exchange-traded futures fund. This is a turning point for crypto, said the CoinDCX research team.

“Other virtual currencies have also responded positively, with Ethereum reaching nearly $4,000 and Solana trading green over the weekend. The launch of the Bitcoin Futures ETF will open up crypto to a wider investor base, especially for crypto start-ups. Want to enter the crypto market., say.

Cryptocurrency is waiting to explode in India, and Ashish Singhal, co-founder and CEO of major cryptocurrency exchange CoinSwitch Kuber, aims to track at least 50 million users in India over the next two years, educating them about cryptocurrencies. And to help them build wealth.

In hundreds of India’s small cities and towns, a generation that has hardly had any experience with stocks and bonds is heading straight for Bitcoin, Ethereum, Cardano and Solana. The average age of the 11 million users of CoinSwitch Kuber, a cryptocurrency trading app that didn’t exist 18 months ago, is 25, and 55% of them are from outside large metropolises like New Delhi or Mumbai.

Rakesh jhunjhunwala portfolio shares: 5 shares jhunjhunwala remained in K2, despite rally up to 330%

New Delhi: Veteran investors Rakesh jhunjhunwala and his wife Reha jhunjhunwala remained on five stocks that gave 330 per cent returns last year. Available data shows that jhunjhunwala retained his stake in these companies for at least three quarters.

MAN Infrastructure has collected 332 per cent last year. jhunjhunwala has kept its stake stable at 1.21 per cent since December 2015.

NCC has collected 159 percent last year. As of September 30, Rakesh jhunjhunwala`s wife Reha held 12.84 per cent stake in the company as in the previous quarter.

jhunjhunwala`s stake in Orient Cement has not changed since March 2016. As of September 30, Big Bull held 1.22 percent of the company’s shares, according to publicly available data with Ace Equity.

Wokhart had won 57 per cent last year. The veteran investor holds 2.26 per cent stake in the drugmaker since the December quarter.

Meanwhile, the two together held 8.2 per cent stake in Agro Tehnica Harana as of September 30, which was the same for the June and March quarters. Last year, this record has increased by 44 per cent, which is less than 49.7 per cent of the Sensex returns in the same period.

As per data publicly available to Trendlin,  rakesh jhunjhunwala`s stake in five shares stood at Rs 1,040 crore as of trading on Thursday.

The average estimate of 15 analysts suggests a potential growth of 36.51 percent over the next 12 months. Orient Cement’s target suggests a 9 per cent upside, while Agro Tehnika suggests a 7 per cent upside potential. Many brokerage houses do not cover Man Infraconstruction and Walkard.

Meanwhile,  rakesh jhunjhunwala was seen selling stake in Lupine as it entered into Nalco and Canara Bank in the last quarter, preliminary data showed. According to Trendlin’s data, his portfolio was valued at Rs 25,393 crore as on Thursday, while his portfolio was valued at Rs 22,137 crore as of September 30.

Apple iPhone maker Foxconn now wants to make electric vehicles

Taiwanese company Foxconn on Monday unveiled its first three prototype electric vehicles, highlighting ambitious diversification plans that go far beyond its role in manufacturing electronics for Apple Inc. and other technology firms.

The vehicles – SUVs, sedans and buses – are made by Foxtron, a venture between Foxconn and Taiwanese carmaker Yulon Motor Co., Ltd.

Foxtron’s vice president Tso Chi-sen told reporters he expects electric vehicles to cost Foxconn a trillion Taiwan dollars in five years — a figure roughly equivalent to $35 billion.

Formally called Hon Hai Precision Industry Co., Ltd., the world’s largest manufacturer of electronics contracts aims to become a major player in the global EV market, although it admits to beginning in the automotive industry.

He first mentioned his EU ambitions in November 2019 and moved relatively quickly, this year with US startup Fisker Inc. and announced car deals with Thai energy group PTT Pcl.

“Hon Hai is ready and no longer the new kid in town,” Foxconn President Liu Yangwei said at an event to mark the birthday of the company’s founder, billionaire Terry Gou. Happy Birthday “.

The sedan, which was jointly developed with Italian design firm Pininfarina, will be sold by an unspecified automaker outside of Taiwan in the coming years, while the SUV will be sold under one of Yulon’s brands and in the Taiwanese market in 2023. should come in. Year.

Buses with the Foxtron badge will start operating in several cities in southern Taiwan next year in partnership with a local transportation service provider.

“Foxconn has made a lot of progress so far,” said Kylie Huang, a technology analyst at Daiwa Capital Markets.

Foxconn aims to provide components or services for 10% of the world’s electric vehicles by 2025 and 2027.

This month it bought a factory from American startup Lordstown Motors Corp to produce electric cars. In August, it bought a chip factory in Taiwan to meet future demand for automotive chips.

Apple iPhone maker Foxconn now wants to make electric vehicles

Successful pressure on contractors in the automotive industry has the potential to bring in many new players and undermine the business models of traditional car companies. Chinese carmaker Gili also plans to become a major contract manufacturer this year.

Industry watchers are eyeing clues as to which companies might make Apple’s electric cars. Although sources have previously said that the tech giant wants to launch a car by 2024, Apple has not disclosed specific plans.