India is still “Golden Bird” with 101 billionaires Forbes 2017

India is still “Golden Bird” with 101 billionaires Forbes 2017

The Forbes list of the ‘World’s Billionaires’ 2017 consists of 2,043 of the richest people in the world who have a combined net worth of $7.67 trillion, a record 18% increase over the past year.

The list has been topped by Microsoft co-founder Bill Gates for the fourth year in a row. He has been the richest person in the world for 18 out of the past 23 years.

Top 10 World Billionaires

Gates has a fortune of $86 billion, up from $75 billion last year, followed by Berkshire Hathaway chief Warren Buffet with a new worth of $75.6 billion. Amazon’s Jeff Bezos added $27.6 billion to his fortune; now worth $72.8 billion, moving into the top three in the world for the first time, up from number five a year ago.

US President Donald Trump is ranked 544th on the list with his net worth of $3.5 billion. India is home to 101 billionaires, the first time it has more than 100 super rich individuals.

The US continues to have more billionaires than any other nation, with a record 565, up from 540 a year ago. China is catching up with 319, Germany has the third most with 114 and India has the fourth highest number of billionaires.

Click here to view to The World’s Billioniare’s List

Indian Billionaires with their Net Worth

There are nearly 20 people of Indian-origin who have made fortunes in various nations across the world, led by UK-based Hinduja brothers ranked 64th with $15.4 billion net worth, Indian-born tycoon Pallonji Mistry, who controls the 152-year-old Mumbai-headquartered engineering giant Shapoorji Pallonji Group at the 77th spot with $14.3 billion net worth and petrochemicals major Indorama co-founder Sri Prakash Lohia at the 288th spot with $ 5.4 billion net worth.

Mistry’s younger son Cyrus is embroiled in a legal battle with the Tata Group after he was suddenly ousted as chairman of Tata Sons, a position he had held since 2012.

WHAT FORBES SAID ABOUT INDIAN BILLIONAIRES?

Ambani, 59, leads the pack of Indian billionaires, coming in at the 33rd position with a net worth of $23.2 billion. Forbes said the “oil and gas tycoon” sparked a price war in India’s hyper-competitive telecom market with the launch of 4G phone service Jio last September.

His younger brother Anil is ranked 745th with a net worth of $2.7 billion. The younger Ambani sibling “orchestrated the merger of his Reliance Communication’s telecom business with that of rival Aircel, controlled by Malaysian billionaire Ananda Krishnan. The combine, which awaits regulatory approvals, will be the country’s fourth-largest mobile phone operator,” Forbes said.

Next on the list of Indian billionaires is ArcelorMittal Next on the list of Indian billionaires is ArcelorMittal chairman and CEO Lakshmi Mittal on the 56th spot with a net worth of $16.4 billion. Forbes said the Indian steel baron regains his status as the world’s second richest Indian on an uptick in steel prices and demand.

The list includes only four women billionaires from India, led by Savitri Jindal and her family at the 303rd position with a net worth of $5.2 billion.

Shocking elements in Forbes List

Founder of mobile wallet Paytm Vijay Shekhar Sharma is ranked 1567 with his net worth of $ 1.3 billion. Forbes said Paytm was “one of the biggest beneficiaries of the government’s decision to demonetise 86% of India’s rupees and move to a cashless economy”, notching up 200 million registered users and five million transactions daily.

Making his debut on the list at 814th spot is Acharya Balkrishna, friend of yoga guru Baba Ramdev, who holds 97% stake in the fast-growing consumer goods firm Patanjali Ayurveda. His net worth is $2.5 billion.

Forbes said Facebook founder Mark Zuckerberg moved up to number five for the first time, after his fortune raised $11.4 billion in 12 months.

 

Click here to view to 101 Indians in The World’s Billioniare’s List

Profitaim-  Sure shot Stock future trading tips for intraday

Profitaim- Sure shot Stock future trading tips for intraday

Sure shot Stock Future Trading Tips

  • Are you trade in Stock Market?
  • Want to know sure-shot trading tips?
  • Yet to Know Sure shot Stock future trading tips for intraday?

For Beginners: Learn” Types of trading”

In stock Market, you can trade in shares and commodities. However, in India, due to absolute volumes investors mainly trade in stock futures and options. Trading means buying and selling a stock the same day or holding it for just 2-3 days. The former is called intra-day trade. The latter is called swing trade. Positional trade generally involves taking a longer position and holding a stock for 2-3 weeks.

Get Stock Future Trading Tips by Profitaim

  • Make sure that your leverage is at acceptable levels
  • Make sure that you don’t risk more than 1% to 2% of your capital on any single trade.
  • Use world news, data and technical trend updated
  • Market indicators– SGX Nifty gives clue about opening trend of Nifty(positive or negative opening) before market opens.
  • To trade in nifty you should have basic idea about Futures and options. Then you should track nifty trend first to take position in buy/sell side.

Most Reliable Stock Market Indicators

The two most reliable stock market indicators for determining the strength of the market are price and volume. Using price and volume to analyze stock market trends, while incorporating historical stock market data, should be all you need to discern the current market’s strength and direction.

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We are Providing Sure Shot Equity Tips, Live Equity Market Trading Tips,  Equity Trading Strategy, StockCash Tips, Indian Stock Market Tips, Indian Equity Market Research Calls, Stock Tips For Today ,Free Equity Tips on Mobile, Commodity Trading tips, Commodity Trading Tips for today, Commodity Trading Advice tips, MCX commodity day trading tips, Commodity live trading tips from experts, Commodity trading tips free trial. 

Stock Market key to Success: Profitaim Reviews

Stock Market key to Success: Profitaim Reviews

The best place to make money with minimum investment and instant return is the Stock Market and this statement is assured by Profitaim Research Advisory.

1.For stock investing the fundamental analysis is very crucial

Financial Perfomance analysis with Profitaim

Fundamental analysis involves the evaluation of the long term prospects of a company and its competitive advantage. Most importantly analyze the financial performance of a company which involves Profit-earning ratio, Profit-to-sales ratio and cash flow generation.

2. Investors have to understand the financial terms and the companies’ annual report

Self-Analysis of Companies' Annual report

To understand the financial terms might be time- consuming for investors but the self –analysis of companies’ annual report is very beneficial and crucial before investing in a particular company. In the self-analysis of companies’ annual report you have to do the maths with ratios as well as should consider all the factors affecting the company’s performance like profitability, capital adequacy, debt burden and ability to service debts.

3. Stock investing demands Patience from Investors

Patience is Trader's Asset Profitaim Research

In Stock market trading, “Patience is a Trader’s Asset”. If the traders loose patience then they have to bear losses in trading. As said by Legendary investor Warren Buffett says his favorite holding period is “forever”. Proper patience is needed throughout the lifecycle of the trade, at entry, while holding and exit.

4. Keep update yourself with World News

World News Update with the help of Profitaim

As an investor you have to update yourself with the world news because all are aware with the fact that the company with news shows upward and downward movement in stock market, which is essential for trading.

5. Sell the stocks at the right time is equally important than buying good stocks

Take Buying-Selling decision at right time in stock market

Successful investors always know when to sell stocks based on the value of the underlying companies. They sell when the thing that makes a company great no longer applies. A company falling out of favor with a consumer or having a market capitalization that exceeds other companies within its industry can be an indication the company is no longer great. However, all investing is subjective, and there is no universal rule that tells investors when to sell.

Trading Tips according to Today’s Market Movement by Profitaim

Trading Tips according to Today’s Market Movement by Profitaim

Stock market Prediction by Profitaim
Stock Market Prediction by Profitaim

CEAT: Buy

Stoploss – Rs 1202, target – Rs 1290

AB NOVO: Buy

Stoploss – Rs 1475, Target – 1520

ITC: Buy

Stoploss – 263.80 rupees, target – 271/273 rupees

APOLLOTYRE: Buy

Stoploss –  6 Target – 9.3/10.5

JETAIRWAYS: Buy

Stoploss – 449, Target – 460/465

After elections, Sensex and Nifty breaks two years record

After elections, Sensex and Nifty breaks two years record

In the state assembly elections held in 5 states, due to the huge win in UP-Uttarakhand, the start of the domestic market has been a great start. Sensex and Nifty open at record highs. After March 2015 the market is at record high.

At the moment, the Sensex is climbing 537 points at 29,483 points, while the Nifty is at 9,092 points, with 157 points higher.

Nifty breaks record.png
Profitaim: Sensex and Nifty breaks records after 2 long years

Upward movement will be observed in these stocks

Stocks in ICICI Bank, HDFC, L & T, ITC, Adani Ports, Hero Motto, NTPC, M & M, Asian Paints, Power Grid, Maruti, Reliance Industries, HUL, Infosys, SBI, and Sensex were up in the early trading on the Sensex.

Rupee open with record high of 40 paise

-The rupee has a fantastic start on Tuesday. The rupee appreciated by 40 paise to 66.20 against the dollar. That is why the currency market has got a great jump.

– Rupee has been the strongest since April 20. With this fast, the rupee has reached the 1-year high level.

– On Friday, the rupee had closed at a 66.60 level with a gain of 12 paise against the dollar.

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Side effect of Donald trump in India for American NRI Grooms: Profitaim

Side effect of Donald trump in India for American NRI Grooms: Profitaim

The decisions made by Donald Trump in America show their side effects in India as well.

Till previous two months, there is great demand for NRI Grooms. Many parents arrange their daughter’s marriage to get American citizenship, but after implementation of new rules in America instead of prosperous and lavish life parents think about safety of their daughter’s future.

Falling trend in demand for NRI Grooms: Profitaim

Reason for change in this trend

In addition to the strictness in immigration as well as the rise in “Hatecrime” activities in America has also reduced the craze of American grooms. According to matrimonial sites, now the demand has dropped by 30-40%.

NRI from Canada, UK and Australia still in demand

At the same time, those who want to marry to NRI prefer grooms from Canada, UK and Australia.

Indian Grooms becomes priority

America’s attraction is actually bringing about better lifestyle. But now security is becoming a priority. NRI Groom used to be the first choice of every parents in the United States to marry his daughter, but things have changed in the past few times and parents, or brides, everyone wants Groom, who lives in India.

Good News for Indian Grooms!!

SBI’s reason behind the decision of “Minimum Balance” Profitaim

SBI’s reason behind the decision of “Minimum Balance” Profitaim

As we all are now aware that, from April 1 SBI will charge customers for cash transactions and penalize them when they don’t maintain a minimum balance in their bank accounts.

SBI’s reason behind the decision of “Minimum Balance” Profitaim
Profitaim News: Minimum Average Balance

Statement by SBI bank’s chairman

The SBI bank’s chairman Arundhati Bhattacharya said that- “We have 11 crore financial inclusion accounts — Basic savings and Jan Dhan accounts – and have to manage them as well” and also add that SBI’s requirement for minimum balance is lowest among all banks.

Till 1 March, the total numbers of PMJDY accounts opened by SBI are at 83.6 million.

Valid Reason

According to her- “As the costs associated with handling, maintaining, transporting, counting, security and recycling will be paid by the taxpayers. And the more cash is used, the more obstacles in inclusion. There is more credit history when cash goes away. . We need credibility on the loans we give so a transparent credit history of the customer helps,” the SBI chief said adding that most of their customers keep more than Rs 5000 in their account and they don’t need to worry.

Read her full interview

Applicable on all depositors

In the last week, SBI declared that from April 1 will penalize for non-maintenance of a monthly average balance (MAB) of Rs 5,000 for branches to 310 million depositors, including pensioners and students.

Government urges SBI for reconsideration

Some sources said that the government had urged SBI to reconsider on their decision on minimum balance requirement.

Rajnish Kumar, Managing Director- National Banking at SBI, said that if a formal communication comes, “We will see. Every product is reviewed but this has to be looked at from a certain perspective… There are many superfluous accounts and create pressure on the system. It was allowed in 2012 by RBI and we review this product every year.”

Charges by different banks

From March 1, some private banks such as HDFC Bank, ICICI Bank and Axis Bank have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

From April 1, SBI will also charge Rs 50 after the first three cash deposits of the month while the for current account holders the cash transaction charges can be as high as Rs 20,000.

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