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Burger King IPO: triple the money in just 7 months

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Burger King IPO: triple the money in just 7 months

Burger King IPO was launched in December-2020. Its IPO got an overwhelming response from investors. Despite the great listing, Burger King’s shares are seeing a rise. In such a situation, this company has given great returns to the investors in just 7 months.

Burger King IPO: triple the money in just 7 months
Image Source- Google | Image By- The Financial Express

Actually, Burger King IPO opened in December, and its price band was Rs 59-60 per share. While its listing in the stock market was done at Rs 108.40. At present, this share is around Rs 180.

So far, Burger King’s stock has climbed nearly 200 per cent from its issue price, and that is, the IPO investment money has tripled in just 7 months. The lot size of Burger King’s IPO was 250 shares. Those retail investors who would have invested Rs 15,000, their money would have increased to about Rs 45 thousand now.

Burger King IPO: triple the money in just 7 months
Image Source- Google | Image By- The Economic Times

Market experts say that given the kind of business the company has, there is a possibility of further growth in the stock. Business can see a boom as soon as the corona cases stop.

Burger King IPO: triple the money in just 7 months
Image Source- Google | Image By- The Economic Times

Burger King raised Rs 810 crore through its IPO. Burger King’s IPO was the second most subscribed issue in the year 2020. This issue got 354 times the bids. The company is using this fund for opening new restaurants and for repayment or prepayment of loans.

Significantly, the company opened its first restaurant in India in November 2014. The company currently has 268 restaurants in 17 states and 57 cities of the country out of which 8 are franchised at airports and the rest are company-owned.

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Then the last date for linking PAN-Aadhaar increased, this decision was taken on benami property

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PAN-Aadhaar

In view of the continuous problems being faced by the taxpayers due to the covid epidemic, the Income Tax Department has once again extended the last date for linking PAN-Aadhaar.

Here is the new date for linking PAN-Aadhaar

PAN-Aadhaar
Image Source- Google | Image By- DNA India

The Income Tax Department has informed about extending the last date for linking PAN Card and Aadhaar on Twitter. Now its last date is 31 March 2022 instead of 30 September 2021. That is, taxpayers have got another 6 months for this.

PAN-Aadhaar
Image Source- Google | Image By- Times Of India

Not only this, the Income Tax Department has also extended the last date for completing the penalty procedures under the Income Tax Act from 30 September to 31 March 2022.

This decision came regarding benami property

Apart from this, the last date for issuing notices and passing orders by the concerned authority under the Prevention of Benami Property Transactions Act, 1988 has also been extended to 31 March 2022.

PAN-Aadhaar
Image Source- Google | Image By- TaxGuru

 The Income Tax Department had launched its new website on June 7 this year. Since its launch, taxpayers are facing many difficulties in filing Income Tax Return. In such a situation, this is also likely to be one of the reasons for extending the last date for linking Aadhaar and PAN.

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Only women will run Ola’s electric scooter factory, 10 thousand will be recruited

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Ola, which launched electric scooters on August 15 this year, has announced plans to set up a special factory with 10,000 women employees for their manufacturing. Its work will be completely in the hands of women only.

Ola says that self-reliant women are needed for a self-reliant India. Ola CEO Bhavish Aggarwal said in a tweet, “Today I am proud to announce that Ola Future Factory will be completely run by women. We welcomed the first batch of this workforce this week and the factory will have 10,000 women when it starts at full capacity. I am proud to announce Ola Woman Only Factory and the first such factory in the world.

electric scooter
Image Source- Google | Image By- Daily India

Ola has launched two electric scooters Ola S1 and Ola S1 Pro. In this, the ex-showroom price of Ola S1 is Rs 99,999 and the price of Ola S1 Pro is Rs 1,29,999.

loan without paperwork

Bhavish Aggarwal said in a tweet a few days ago that the company has completely digitized the purchase of Ola S1. Even the loan process has been made completely digital and paperless. We aim to provide our customers this first-of-its-kind digital purchase experience.

Sale will open from September 15

electric scooter
Image Source- Google | Image By- The Economic Times

Now the sale of the company will start from 8 am on 15 September 2021. In this, priority will be given to those people who have booked it earlier for Rs 499. During this purchase, the reservation of customers and their purchase line will remain as before. At the same time, the delivery date will also remain the same.

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Now Amazon will deliver fertilizers and seeds to farmers’ homes, questions raised on social media

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fertilizers seeds

Amazon India has started an online sale of about 8 thousand products related to farming like fertilizers, seeds, and agricultural equipment. On Thursday, Agriculture Minister, Agriculture and Farmers Welfare Minister Narendra Singh Tomar himself inaugurated this Amazon Kisan Store. Many questions are being raised on social media regarding this.

fertilizers seeds
Image Source- Google | Image by- The Economic Times

 Through this step, the government has opened the market of fertilizers and seeds for e-commerce companies. Amazon claims that with this launch, farmers across the country will have easy access to agri-related items like fertilizers, seeds, farm equipment and accessories, plant protection, nutrition, etc., at affordable prices, along with doorstep delivery. .

Farmers can shop on Amazon.in in any of the five Indian languages ​​including Hindi, Telugu, Kannada, Tamil and Malayalam. Farmers can also visit over 50,000 Amazon Easy stores across the country. Amazon Easy Store owners will help farmers find products, identify the product of their choice, create their Amazon account, place orders and shop.

what did the agriculture minister say

Speaking at the launch, Agriculture Minister Narendra Singh Tomar said, “It is hoped that Amazon India’s initiative to engage Indian farmers in the modern era of digital economy, enhance productivity of agricultural produce, provide services like logistics industry to farmers and agriculture- It will prove beneficial for the people associated with agriculture.

fertilizers seeds
Image Source- Google | Image By- Amazon

why questions arise

On the one hand, farmers in the country are agitating to abolish the three laws, while on the other hand, the Agriculture Minister himself is starting a store for the sale of essential items like fertilizers and seeds by a foreign retail chain. Many questions are being raised regarding this.

Ajit Singh, a Facebook user, writes, ‘Manure-seed also handed over to e-commerce. The urea that IFFCO sells 45 kg for Rs 266.50 is selling a kg on Amazon for Rs 199. Isn’t this openly black marketing of fertilizers? Agriculture Minister Narendra Singh Tomar himself has launched the sale of seeds and fertilizers at Amazon’s Kisan Store.

Is there any difference between selling groceries and selling fertilizer? Can any company sell essential fertilizer like urea at the desired price? No license needed for this? It seems that now the good days of the people of fertilizers and seeds are about to come. The government has opened the market for seeds and fertilizers for e-commerce companies. That too without any discussion and assessment of pros and cons. The same happened in the case of agricultural laws as well.

A Twitter user Jitender says, ‘Whoever asks why farmers do agitation, they do so because the urea that IFFCO sells 45 kg of 266.5 kg to farmers, is selling 1 kg for Rs 199 on Amazon. Agriculture Minister Narendra Singh himself launched the sale of fertilizers and seeds at Amazon’s store.

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Dry fruits prices increase drastically in India

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As the Taliban has established their power in Afghanistan, the trade between India and Afghanistan has come to a halt. With this both the countries have been affected. While Afghans relied heavily on agriculture and agricultural products for a source of income, India also is facing a surge in the prices of things like asafetida and dry fruits.

India and Afghanistan have been trading for years and in last 2 decades, this trade was constantly facing progress. In the financial year 2019-20, there was a trade of $ 1.5 billion between these two countries. However, now due to the stagnation in the trade, people in Afghanistan are facing trouble as exports have been curtailed.

Dry fruits
Image Source- Google | Image By- Business Standard

Afghanistan is the source of about 85% of total India’s dry fruits and spicy herbs. These include, but are not limited to, dry fruits, walnuts, raisins, asafetida, almonds, apricots and more. On the other hand, India exports clothing, medicines, computers, cement, synthetic fiber etc to Afghanistan.

Dry fruits
Image Source- Google | Image By- Times Of India

As the trade isn’t going on at present and Taliban has not talked about any trade agreement with India, the prices of dry fruits have increased 2-3 times in India in only a week. This is bad news for both consumers as well as traders.

Dry fruits
Image Source- Google | Image By- The Economic Times

Although it is kind of a loss to both the countries but the bigger one is for Afghanistan. During the recent financial year, India’s export to Afghanistan accounted for $825 millions while import was about $509 millions.

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PM Narendra Modi announced Rs 100 lakh crore Gati Shakti Yojana

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PM Narendra Modi announced Rs 100 lakh crore Gati Shakti Yojana

Yesterday, on the occasion of Independence day, PM Narendra Modi hoisted the Indian national flag at Red Fort in New Delhi, celebrating the 75th Independence day of India. He also addressed the nation, during which the Prime Minister announced a plan of Rs 100 lakh crore.

He said that 75 Vande Bharat trains will connect every corner of the country in 75 weeks of the Amrit festival of Independence. PM also announced the news of airport being constructed at a fast face in the country as a part of the Udan Yojana that has inspired many people’s dreams.

Image Source- Google | Image By- DNA India

Mr. Narendra Modi also said that soon ‘Pradhan Mantri Gati Shakti Yojana’ will start in the country. He added by saying the foundation of the progress stands on the modern infrastructure and it has shown to work in an impressive speed in water, land and sky. Indian Railways is also being modernized rapidly and in 75 weeks of Amrit Mohotsave, 75 Vande Bharat trains will run.

He said it is the speed at which the new airport is being built is phenomenal.  In a few days, the plan of Prime Minister’s speed power will be presented and it will include 100 lakh crore, which will bring numerous employment opportunities to the youth of the country.

Image Source- Google | Image By- The Indian Express

Talking about the advantages of the scheme, PM Modi said that it will reduce the travel time and increase the speed of industries. Moreover, it will empower the local manufacturers and make them worthy of global competition.

Image Source- Google | Image By- ET Government

He also mentioned that the government is trying to ease the rules for the industry and so is being done for the start-ups.

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Ola Scooter to be delivered straight at home!

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Ola Scooter to be delivered straight at home!

Ever since the Ola Scooter has entered the market, it has been a rage. Although it has not been officially launched yet, the company has started the booking and now the company has said that it will deliver this electric scooter directly to the customers’ homes.

According to the news of Firstpost, Ola Electric will adopt the ‘Direct-2-Consumer’ (D2C) model for the delivery of its Series-S scooter and will deliver the scooter directly at the customer’s doorstep.

Ola Scooter to be delivered straight at home!
Image Source- Google | Image By- Indian News Live

Ola Electric calls itself a tech-mobility startup rather than a vehicle manufacturing company. According to the news, not only will Ola Scooter deliver at home but will also provide doorstep service. With this, the company will not have to set up a traditional dealership network, which involves a lot of resource expenditure.

Ola Electric will create a separate logistics department for door step delivery of Ola Scooter. It will provide direct purchase and documentation, loan and other facilities to the customers.

Ola Scooter to be delivered straight at home!
Image Source- Google | Image By- Nation World News

Luxury car makers Mercedes-Benz and Jaguar Land Rover have recently started home delivery of the car. But Ola Electric will be the first company that will use the home delivery model on such a large scale.

Ola Scooter has released a new video. Earlier there was news that this scooter of the company will be available in 4 colors. But now the company says that this scooter will be available in 10 unique colors. It is likely to be launched in the month of July itself.

The booking of Ola Scooter has been opened. The company has received 1 lakh bookings in 24 hours. Its two models Ola S1 and Ola S2 are expected to be priced between Rs 80,000 to Rs 1,10,000. You can book it like this.

Ola Scooter to be delivered straight at home!
Image Source- Google | Image By- The Economic Times

The Ola Scooter can be booked on the company’s website for just Rs 499. This amount will also be fully refundable. Those who book early will be given priority in delivery.

By going to the company’s website olaelectric.com, you have to click on ‘Reserve for 499’. After that you will have to give your mobile number, on which login will be done after OTP. After this you will be asked for your name and email id. All the scooters out there in the market so far can only have a helmet in their trunk. In such a situation, a separate helmet has to be carried for the ride seated behind. Ola Scooter is going to create panic in the market with this. The 2 half helmets will fit snugly in the trunk of the Ola Scooter.

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Reliance Retail bought such a stake in Justdial!

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Reliance Retail bought such a stake in Justdial!

The country’s richest man and billionaire businessman Mukesh Ambani is playing big bets regarding the retail sector. Reliance Retail Ventures, a subsidiary of his Reliance Group, recently bought a controlling stake in local search engine Justdial Limited.

‘Data is New Oil’

American data analyst Clive Humby’s famous sentence is ‘Data is New Oil’, Mukesh Ambani had mentioned this sentence at the time of Jio’s launch and since then it has become clear how seriously he is proceeding with data. Huh. This deal with Justdial is also related to access to data.

Reliance Retail bought such a stake in Justdial!
Image Source- Google | Image By- 91Mobiles

Reliance Retail Bought this much stake in Justdial

3497 crore stake in Justdial bought by Reliance Retail. The company will hold 40.95% stake in Justdial. Apart from this, according to the rules related to takeover of a company, up to 26% of the shares will be bought from the market. In this way, Reliance Retail will have about 66% stake in Justdial.

Mani will remain in his post

Reliance Retail bought such a stake in Justdial!
Image Source- Google | Image By- Entrackr

Reliance Retail says that Justdial’s founder and CEO VSS Mani will continue in his post. The company will make a public announcement to buy shares from the existing shareholders of Justdial. It will buy up to 26% or 2.17 crore shares from public shareholders.

Reliance will get access to data

After taking the stake of Justdial, Reliance will get access to the data of this 25 year old local search engine company. On this the database of List Merchant will come in handy for Reliance.

There are small, medium and big businessmen, business lists from many cities across the country on Justdial. Reliance’s access to this data will help it grow its retail sector faster and make these merchants a part of its digital ecosystem.

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After Amul, now Mother Dairy increased the price of milk by 2 rupees per litre

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After Amul, now Mother Dairy increased the price of milk by 2 rupees per litre

Prices of almost everything are on a hike these days. We all are witnessing a constant rise in the prices of petrol and diesel in the country. Amidst all this, recently Amul has announced a hike in the prices of their milk and now so have Mother Dairy.

After Amul, now Mother Dairy increased the price of milk by 2 rupees per litre
Image Source- Google | Image By- Times of India

They have increased the price in different milk vairants by 2 rupees. These new rates have become effective from midnight yesterday.

The reason behind the hike in milk prices in also the hike in the price of fuel sources. After Amul increased the prices of their milk in all the states from July 1, now Mother dairy has also taken the same step.

After Amul, now Mother Dairy increased the price of milk by 2 rupees per litre
Image Source- Google | Image By- AnyTv News

Inflation is already affecting people so much, especially because of the circumstances caused by the coronavirus. Many people are either unemployed or working on a reduced salary and amid all this, inflation is making the situation worse.

Petrol and diesel prices have increased about 16 times recently. The impact of these hikes in prices is causing misery to the middle-class and poor-class people.

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Zomato IPO to come next week

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Zomato IPO to come next week

If you are waiting for the IPO of food delivery company Zomato, then there is good news for you. Zomato IPO is opening next week only on July 14.

The company has given this information in the red herring prospectus being prepared for the IPO. This offer will close on 16th July. So if you are thinking of making money by investing in the Zomato IPO, then keep money ready in your account.

Zomato IPO to come next week
Image Source- Google | Image By- The Financial Express

The company is planning to raise Rs 9,375 crore through IPO. Under this, new shares worth Rs 9,000 crore will be issued, while an offer for sale (OFS) of Rs 375 crore will be issued to Info Edge Company.

what will be the price

The company has kept the price band of Rs 72 to 76 per share for this IPO. The lot size for this will be 195 shares. That is, the investor can invest for at least 195 shares. In this way, you will have to keep an amount of about 15 thousand rupees ready in your account for investing in Zomata’s IPO.

It is worth noting that in February this year itself, Zomato had raised an amount of $ 250 million under Pre IPO Fund Raising from several investors like Quora Management, Tiger Global, Fidelity, Dragoneer and Bow Wedge. In April this year, Zomato had filed the Red Herring Prospectus Draft (DRHP) for the IPO.

Zomato IPO to come next week
Image Source- Google | Image By- TimeIsnow News

The company is currently in loss

The company had a consolidated loss of Rs 2,385.6 crore in the financial year ended March 31 this year. However, its income doubled from a year ago to Rs 2,604.7.

Despite the losses, if people are showing interest in this company, then it is because its business concept is unique and it is expected to grow a lot in the future.

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Canadian government Extend Ban on Flights from India

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Canadian government Extend Ban on Flights from India

Canadian government may extend the suspension on flights coming directly from India. Although it has not been announced, Canadian officials are going to make an announcement in this regard soon.

This suspension began from April 22 which was later extended for another 30 days on May 21 and now on June 21, it will be extended again for 30 days.

Canadian government Extend Ban on Flights from India
Image Source- Google | Image By- The Economic Times

Ban was put since India has been hit severely by the second wave of coronavirus. To prevent it from spreading Canadian government announced a ban on flights coming directly from India. This delta variant of coronavirus was called 150% more transmissible than the original version.

Before the flight ban, both Air Canada and Air India were operating daily flights between the Toronto & Vancouver and New Delhi in India. It was being done in an air corridor arrangement that came into place last summer. Passengers from India who arrive via an indirect route, through a third country, will have to provide a pre-departure negative coronavirus test result from the last port before they got to continue their journey.

Canadian government Extend Ban on Flights from India
Image Source- Google | Image By- Business Standard

 It is expected that now there will be an ease in the norms for air travel. Especially, with regards to the previously mandatory hotel quarantine for those who are fully vaccinated.

So far, a negative RT-PCR test is required before boarding and another test is taken on arrival and by the time result comes, one is to stay in a designated hotel. Even if the report comes negative, a 14-day self-isolation is compulsory.

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