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Dec 29 2020 . ISSUE 43
THE DAILY NEWSLETTER

Good morning😊 Well, what can we say? "Market is overvalued and gonna crash", they said with nifty at 12000. We are now talking about 14000. Morning mantra: stay invested and enjoy the rally.


Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.


– Warren Buffett


GAINERS & LOSERS

NIFTY

13873.20

+ 123.90

SENSEX

47353.75

+ 380.21

GOLD

50,062.00

- 11.00

CRUDE OIL

3,535.00

- 19.00

HOT STOCKS IN NEWS

Biocon launches Tacrolimus capsules in US. Tacrolimus is an immunosuppressant used in the treatment of organ transplant patients.

DAILY FLICKS
Farmer groups cut power supply of 1,300 Jio towers
Documents in a folder with Trump Organization insignia

The Farmers protest had led to thousands unsubscribing and porting from Jio network, but now the Farmers and their supporters have taken their actions against Reliance Jio up a notch. 


Cutting Jio Out


Agitating farmers and supporting groups  in Punjab have cut off power supply of around 1,300 mobile towers of Jio in the state. There are around 9,000 towers of Jio in Punjab. The actions have led to the  disruption of mobile and internet services of Reliance Jio, causing inconvenience to the consumers.


The Punjab Chief Minister has urged the farmers to not take law into their hands and cause inconvenience to the general public. 


The story so far


The farmers are still at large protesting against the new farm laws and want the government to repeal them. As a show of protest and dissent, the farmers had given a call of action to boycott products of Reliance Industries’ and Adani Group.


Bottom line: The farmer's might've crossed the non-violent line by causing ruckus to the Jio towers but nonetheless it's high time the government sat down with the farmers and listen to them. 

Brand new tourist coaches for Indian Railways by ICF
walmart shopping

Brand new coaches are coming to the Indian Railway, and with what we've heard so far, they're bound to be amazing. 


Vistadome Coaches


Indian Railways' Integral Coach Factory(ICF) the coach manufacturing unit located in Chennai has successfully completed the speed trials of the new design Vistadome tourist coaches.


The new design has successfully completed an 180km/h oscillation trial. 


The Design 


The Vistadome coaches have large glass windows, glass roof, observation lounge and rotatable seats allowing passengers to experience breathtakingly beautiful locations and sites enroute the journey. 


The Vistadome coaches will be made available only at tourist locations where passengers want to enjoy sightseeing.


Bottomline: A great opportunity to revel in the beautiful sights a railway journey could offer us. 


Board of 3i Infotech approves sale of its global software products business
walmart shopping

3i Infotech has sold their global software products company. 


Done Deal


The Board of the company has approved the slump sale of the software products arm, including its worldwide subsidiaries to Azentio Software, wholly owned by Apax Partners. 


The sale is expected to close by 31 March 2021. The deal is expected to be around  Rs 1000 crore for the software business and intellectual property. 


Bottomline: The deal will help 3i Infotech  to facilitate repayment of all existing debt, and to scale up other existing business. 


OTHER FLICKS
  • A two-day dry run for coronavirus vaccine program started this morning in Andhra Pradesh, Punjab, Gujarat and Assam.
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