10 March 2021

The Securities and Exchange Board of India (Sebi) in a circular today set a limit of 10% of AUM on mutual fund investment in debt with special features such as debt that converts to equity.

 The Securities and Exchange Board of India (Sebi) in a circular today set a limit of 10% of AUM on mutual fund investment in debt with special features such as debt that converts to equity.

This includes Additional Tier 1 (AT 1) and Additional Tier (AT2) bonds, the regulator specified. Investment in a single issuer of such debt cannot exceed 5% of assets. Funds with such investments or even enabling provisions for such investments should enable side pocketing in their schemes, the regulator said. However existing investments above the limits will be grandfathered (permitted to continue) and the limit will only apply to fresh investments. The circular will come into effect from 1st April 2021.

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The portfolio the executives administration (PMS) firms of two pro financial backers are set to invasion into common asset business

 MUMBAI: The portfolio the executives administration (PMS) firms of two pro financial backers are set to invasion into common asset business. Helios Capital Management, established by Singapore-based Samir Arora, and Alchemy Capital Management, a firm helped to establish by Rakesh Jhunjhunwala, has applied for a common asset permit with the Indian capital market controller Securities and Exchange Board of India (Sebi). 


The advancement comes when retail craze has seen a huge ascent on Dalal Street, because of ..

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09 March 2021

Welspun declares new capex plans

Welspun declares new capex plans 


~ Welspun has affirmed limit extension plan for the Home Textile business through debottlenecking and rebalancing of offices at Vapi and Anjar. It will be a capital light, speedy turnaround development, bringing about expanded limit of Towels by 7%, Bed Linen by 20% and Rugs and Carpets by 80%. The organization is relied upon to spend around ₹ 2,250 mn for the development over FY 21 and FY 22. The advantages of this development will begin accumulating in stages from as right on time as Q1 FY22. This extension has an income capability of ₹ 12,000 mn from second year of activity. 


Welspun has re-adjusted its interest in Advanced Textile development project diminishing the size of venture from ₹ 4,957 mn to ₹ 2,996 mn. The new Disinfectant wipes line is relied upon to begin creation in February 2021 while the extension of Spunlace business is required to initiate tasks by September 2021. These would assist this business with accomplishing topline of around ₹ 6,000 mn by FY 23. 


Capex: 


Till date Welspun has spent ₹ 2,930 mn in capex and for the entire year it is required to be near ₹ 5,000 mn including the venture reported for the home material business. The organization's net obligation is required to stay underneath ₹ 24,000 mn as on 31st March 21. 


Welspun's flooring business has been seeing consistent development. Hard deck plant is running at ideal limit because of the solid interest and request book. While the limit of the hard deck plant has been multiplied in January 2021, it is as a rule additionally multiplied by Q2FY22 to oblige the developing interest. Delicate deck has likewise begun acquiring foothold with solid enquiries from US, Canada and ROW. To improve limit usage of the delicate deck plant, Welspun plans to deliver mats and covers for its Home Textile clients from Welspun flooring office, as its office at Vapi is running at top limit. 


— 


"I'm satisfied with the inside and out presentation during the quarter. In difficult stretches, the Welspun family has been at the front line changing over difficulties into promising circumstances and 2020 was the same. We worked more diligently than any time in recent memory and our endeavors are being perceived by customers and other partners. 


In the course of recent years we have made critical interests in the territories of supportability, circularity, "Turned" including among others, and going ahead we are bringing all such activities under overall system of ESG. We have accomplished high evaluating for ESG by one of the main worldwide rating offices and the Board is resolved to speed up this interaction to take it to the following level. 


We keep on pursueing our separation procedure through marking and development, combined with the push on digitalization and E-business activities. We are very much ready to fulfill the expanding need radiating from the underlying movement in the worldwide home material industry". 


Mr. B.K. Goenka, Chairman, Welspun Group

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08 March 2021

Why should you use a covered call strategy?

Why should you use a covered call strategy?
A covered call strategy can be initiated by simultaneously purchasing a stock and selling a call option. It
can also be used by someone who is holding a stock and wants to earn a regular income. Generally, the
call option which is sold/written will be of at-the-money or out-the-money strike price and it will not get
exercised unless the stock price increases above the strike price.
How should you use the covered call strategy?
Choosing between the ideal strikes involves a trade-off between priorities. An investor can select higher
out-the-money strike price and preserve some more upside potential. However, more out-the-money
would generate less premium income, which means that there would be a smaller downside protection in
case of stock decline. The expiration month reflects the time horizon of his market view.
Strategy
Delivery Holdings in a stock & Sell call option
Long Ultra Tech & Short Ultra Tech 7500 CE
Expiry Date 25th Mar 2021
Market Outlook Moderately bullish
Breakeven (Rs.) at expiry Stock price paid-premium received
Maximum Risk Stock price paid-call premium
Reward Limited
Margin required No – If one can pledge the stock holding
Let’s try to understand the Strategy:
Ultra Tech 6870
Strike price Rs.7500
Premium Received (per share) Rs.62
BEP (Current Market Price - Premium paid) Rs. 6808
Lot size (in units) 200
Let us consider the following scenario: Mr. A has a delivery holding of 200 shares of Ultra Tech. Mr A sells
a 9.17% out of the money call option with a strike price of Rs.7500 for Rs.62. The upside profit potential is
limited to the premium received from the call option sold plus the difference between the current market
price of stock at the time of option writing and its strike price.
In the above example, if stock price surges above the 7500 level, then the maximum profit would be
calculated as:(7500-6870+62)*200 = (692*200) = Rs. 1,38,400. If the stock price stays at or below Rs.
7500, the call option will not get exercised and Mr. A can retain the premium of Rs. 12,400 per lot, which
is an extra income. Mr. A can do the similar strategy every month to generate addition income on his stock

holding. For the ease of understanding, concepts such as commission, dividend, margin, tax and other
transaction charges have not been included in the above example.
What to do if the stock price surge above the Call writing strike price?
As we are selling 19 delta OTM strike price, the probability of the stock expiring below the Call writing strike
price is approximately 19%. However, there will be occasions when the Stock could breach the mentioned
strike price, in that case one must follow the following approaches.
1. Give the stock delivery
2. Hold the stock & rollover the call writing positions to the next series
Payoff Schedule:
Note: The covered call strategy is best used when an investor wishes to generate income in addition to
any dividends from shares of stocks he or she owns. However, it may not be a very profitable strategy for
an investor whose main interest is to gain substantial profit and who wants to protect downside risk.


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11 December 2020

Gujarat State (HTAT) Head Teachers Union Statement Related To Higher Pay Scale

 

Gujarat State 'HTAT' head Teachers Union Statement Related To Higher Pay Scale

Casually the part of educator might be taken on by anybody (for example when telling an associate the best way to play out a particular errand). In certain nations, instructing youngsters of school age might be done in a casual setting, for example, inside the family (self-teaching), instead of in a proper setting, for example, a school or school. Some different callings may include a lot of educating (for example youth laborer, minister). 

In many nations, formal educating of understudies is typically completed by paid proficient instructors. This article centers around the individuals who are utilized, as their primary function, to show others in a conventional instruction setting, for example, at a school or other spot of starting proper training or preparing.

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09 December 2020

Indian Army Open Bharati Melo Devbhumi Dwarka 2020

 

Indian Army Open Bharati Melo Devbhumi Dwarka 2020

Army Bharti 2020 : Army Recruitment Rally will be held for eligible candidates of districts Jamnagar, Porbander, Rajkot, Amreli, Bhavnagar, Junagarh, Surendranagar, Kutch, Gir Somnath, Batod, Morbi, Devbhumi Dwarka & Diu (UT) Rally will be held 22 Jan 2021 to 27 Jan 2021 at NDH, High School, Devbhumi Dwarka. Candidates who had registered earlier for the Rally at Devbhumi Dwarka has to REGISTER AGAIN as previous notification has been cancelled due to postponement of rally. Candidates will login after 24 Jan 2021 and take printout of the admit card which they will carry to Rally Site. 

Indian Army Open Bharati Melo Devbhumi Dwarka 2020

Post Name

Indian Army Open Bharati Melo Devbhumi Dwarka 2020

Post Type

JOB

Department

Ministry of Defence

Job Location

India

Announced Date

08-12-2020

Official Site

http://www.joinindianarmy.nic.in 

Post Date

08-12-2020

The screening of candidates will be carried out from above mentioned districts for following categories as per qualitative requirement. In view of the present Covid-19 Situation, the candidates are advised to carry out COVID test and bring test report along with Admit Card. Candidate who had not undergone the test will not be permitted.

Post Name

  • Soldier General Duty
  • Soldier Tradesman
  • Soldier Technical
  • Soldier Nursing Assistant/Nursing Assistant Veterinary
  • Soldier Clerk/Store Keeper Technical/ Inventory Management

Education Qualification 

  • 8th Pass, 10th Pass, 12th Pass

Selection Process

  • Physical Test
  • Medical Test
  • Written Exam

How To Apply Devbhumi Dwarka Bharati Mela

  • First visit atwww.joinindianarmy.nic.in.
  • Enter the captcha code.
  • In the homepage, you will see JCO/OR Login Apply option and click on it.
  • Then a new page of login and registration will open.
  • your username and password and click on login.
  • New user or candidates need to register first and then login in their army profile.
  • Once you login then clicks on apply online.
  • Fill all details and upload your photo and signature.
  • Then in the last click on the submit button.
  • Take a print out of application form for further use.

Army Bharati Melo 2020

Rally Time Required Document

  • Admit Card : Printed on Laser Printer on good quality paper (Do not shrink the size)
  • Photograph : Twenty (20) copies of unattested Passport size colour photographs developed on good quality photographic paper in white background not more than three months old. Computerised/photocopied/shopped photographs will NOT be accepted. Photographs must be with proper hair cut and clean shave (except Sikh Candidates).
  • Education Certificates :
    • Education Certificate with marks sheet of all educational qualifications achieved by candidate i.e Matric/Intermediate etc from recognized School/College/Board/University. 
    • Provisional/online education certificate should be certified ink signed by the head of the educational institution of concerned Board/University. 
    • Candidates with matric certificate from Open School should bring School Leaving Certificate countersigned by BEO/DEO. 
    • List of Education Board recognized by State Governments / UT administrations attach as Appendix ‘A’ will only be accepted.
  • Domicile Certificate : Domicile Certificate with photograph issued by Tehsildar/District Magistrate.
  • Caste Certificate : Caste Certificate affixed with photograph of the candidate issued by the Tehsildar/District Magistrate.
  • Religion Certificate : Religion Certificate to be issued by the Tehsildar/ SDM (if religion as “SIKH/ HINDU/ MUSLIM/ CHRISTIAN” is not mentioned in caste certificate).
  • School Character Certificate : School Character Certificate issued by the School/College Principal/Headmaster where the candidates last studied.

  • Character Certificate : Character Certificate with photograph issued by Village Sarpanch/Municipal Corporation within last six months. 
  • Unmarried Certificate : Unmarried Certificate for candidates less than 21 years of age with photograph issued by Village Sarpanch/Municipal Corporation within last six months. 
  • Relationship Certificate :SOS/SOEX/SOW/SOWW Candidates are required to produce the following documents.
    • Relationship certificate issued from respective Record Office only duly signed by Record Officer with Personal Number, Rank, Name and particular of the Record Officer issuing the Relationship Certificate with office seal/stamp is endorsed. Relationship certificate should bear water marks of the concern Records. 
    • A declaration to the effect as mentioned in Affidavit on Ten Rupees Non-Judicial Stamp paper prepared by the ESM duly signed by 1st Class/Executive/Judicial Magistrate is required to be submitted by the candidate at rally site. Format of affidavit is attached as per Appendix ‘B’. 
    • Original Discharge Book of Ex-Servicemen also to be produced. Name and date of birth of the candidate must have been recorded in it. 
  • NCC Certificate : NCC A/B/C Certificate and Republic Day Parade certificate should have photograph of the candidate duly attested by issuing authority. Provisional NCC A/B/C pass certificates will only be accepted if authenticated by concerned NCC Group Commanders. No bonus marks are to be allotted unless the certificate (Relationship/Sports/NCC) have been verified. An undertaking to the effect will be obtain from the candidate. Provisional certificates are accepted only during the notified rally duration neither earlier nor late.
  • Sports Certificate : 
    • Sportsmen who have represented India at international level and State at National level within the last two years (for list of sports under which relaxation in physical standards is admissible, attention is invited to www.joinindianarmy.nic.in website).
    • Sportsmen who have represented District at State level and University team or regional team at District level with 1st / 2nd position within last two years (Sports Certificate should be with registration number and from government recognized sport institutes / bodies as under).
    • List of Sports. List of Sports for enrolment is attached as Appendix ‘C’
  •  Affidavit : Duly signed by candidate on Rs 10/- Non-Judicial Stamp Paper as per specimen duly attested by notary will be submitted by candidate at the Rally Site without fail. Format of affidavit attached as per Appendix ‘D’. Submission of Affidavit is Mandatory to gain entry into the Rally. Candidates WILL NOT BE PERMITTED to enter the rally without affidavit.
  • Certificate of Bonus Marks : All original certificates / photocopies duly attested pertaining to Bonus marks will be accepted only during the Rally. No certificates to include NCC Certificates, Sports Certificate, Relationship Certificate or any other certificates to claim Bonus Marks / Relaxation would be accepted after termination of the Rally. 
  • Single Bank A/C, PAN Card & AADHAR Card : Single Bank A/C, PAN Card & Aadhar Card are mandatory documents for final enrolment for purpose of Pay & allowances and other social benefits scheme. 
  • Police Character Certificate
  • Sarpanch/Nagar Sewak (Residence Proof)

    Army Raily Venue 

    • NDH Highschool Ground, Devbhumi Dwarka

    The Serum Institute of India on Sunday became the first indigenous company to apply to the Drugs Controller General of India (DCGI) seeking emergency use authorisation for the Oxford  vaccine in the country citing unmet medical needs due to the pandemic and in the interest of the public at large, official sources said.

    A day earlier, the Indian arm of US pharmaceutical giant Pfizer became the first to seek a similar approval from India's drug regulator for its own  vaccine in the country, after securing such clearance in the UK and Bahrain.

    Army Bharti 2020 : Army Recruitment Rally will be held for eligible candidates of districts Jamnagar, Porbander, Rajkot, Amreli, Bhavnagar, Junagarh, Surendranagar, Kutch, Gir Somnath, Batod, Morbi, Devbhumi Dwarka & Diu (UT) Rally will be held 22 Jan 2021 to 27 Jan 2021 at NDH, High School, Devbhumi Dwarka. Candidates who had registered earlier for the Rally at Devbhumi Dwarka has to REGISTER AGAIN as previous notification has been cancelled due to postponement of rally. Candidates will login after 24 Jan 2021 and take printout of the admit card which they will carry to Rally Site. 

    Indian Army Open Bharati Melo Devbhumi Dwarka 2020

    Post Name

    Indian Army Open Bharati Melo Devbhumi Dwarka 2020

    Post Type

    JOB

    Department

    Ministry of Defence

    Job Location

    India

    Announced Date

    08-12-2020

    Official Site

    http://www.joinindianarmy.nic.in 

    Post Date

    08-12-2020

    The screening of candidates will be carried out from above mentioned districts for following categories as per qualitative requirement. In view of the present Covid-19 Situation, the candidates are advised to carry out COVID test and bring test report along with Admit Card. Candidate who had not undergone the test will not be permitted.

    Post Name

    • Soldier General Duty
    • Soldier Tradesman
    • Soldier Technical
    • Soldier Nursing Assistant/Nursing Assistant Veterinary
    • Soldier Clerk/Store Keeper Technical/ Inventory Management

    Education Qualification 

    • 8th Pass, 10th Pass, 12th Pass

    Selection Process

    • Physical Test
    • Medical Test
    • Written Exam

    How To Apply Devbhumi Dwarka Bharati Mela

    • First visit atwww.joinindianarmy.nic.in.
    • Enter the captcha code.
    • In the homepage, you will see JCO/OR Login Apply option and click on it.
    • Then a new page of login and registration will open.
    • your username and password and click on login.
    • New user or candidates need to register first and then login in their army profile.
    • Once you login then clicks on apply online.
    • Fill all details and upload your photo and signature.
    • Then in the last click on the submit button.
    • Take a print out of application form for further use.

    Army Bharati Melo 2020

    Rally Time Required Document

    • Admit Card : Printed on Laser Printer on good quality paper (Do not shrink the size)
    • Photograph : Twenty (20) copies of unattested Passport size colour photographs developed on good quality photographic paper in white background not more than three months old. Computerised/photocopied/shopped photographs will NOT be accepted. Photographs must be with proper hair cut and clean shave (except Sikh Candidates).
    • Education Certificates :
      • Education Certificate with marks sheet of all educational qualifications achieved by candidate i.e Matric/Intermediate etc from recognized School/College/Board/University. 
      • Provisional/online education certificate should be certified ink signed by the head of the educational institution of concerned Board/University. 
      • Candidates with matric certificate from Open School should bring School Leaving Certificate countersigned by BEO/DEO. 
      • List of Education Board recognized by State Governments / UT administrations attach as Appendix ‘A’ will only be accepted.
    • Domicile Certificate : Domicile Certificate with photograph issued by Tehsildar/District Magistrate.
    • Caste Certificate : Caste Certificate affixed with photograph of the candidate issued by the Tehsildar/District Magistrate.
    • Religion Certificate : Religion Certificate to be issued by the Tehsildar/ SDM (if religion as “SIKH/ HINDU/ MUSLIM/ CHRISTIAN” is not mentioned in caste certificate).
    • School Character Certificate : School Character Certificate issued by the School/College Principal/Headmaster where the candidates last studied.

    • Character Certificate : Character Certificate with photograph issued by Village Sarpanch/Municipal Corporation within last six months. 
    • Unmarried Certificate : Unmarried Certificate for candidates less than 21 years of age with photograph issued by Village Sarpanch/Municipal Corporation within last six months. 
    • Relationship Certificate :SOS/SOEX/SOW/SOWW Candidates are required to produce the following documents.
      • Relationship certificate issued from respective Record Office only duly signed by Record Officer with Personal Number, Rank, Name and particular of the Record Officer issuing the Relationship Certificate with office seal/stamp is endorsed. Relationship certificate should bear water marks of the concern Records. 
      • A declaration to the effect as mentioned in Affidavit on Ten Rupees Non-Judicial Stamp paper prepared by the ESM duly signed by 1st Class/Executive/Judicial Magistrate is required to be submitted by the candidate at rally site. Format of affidavit is attached as per Appendix ‘B’. 
      • Original Discharge Book of Ex-Servicemen also to be produced. Name and date of birth of the candidate must have been recorded in it. 
    • NCC Certificate : NCC A/B/C Certificate and Republic Day Parade certificate should have photograph of the candidate duly attested by issuing authority. Provisional NCC A/B/C pass certificates will only be accepted if authenticated by concerned NCC Group Commanders. No bonus marks are to be allotted unless the certificate (Relationship/Sports/NCC) have been verified. An undertaking to the effect will be obtain from the candidate. Provisional certificates are accepted only during the notified rally duration neither earlier nor late.
    • Sports Certificate : 
      • Sportsmen who have represented India at international level and State at National level within the last two years (for list of sports under which relaxation in physical standards is admissible, attention is invited to www.joinindianarmy.nic.in website).
      • Sportsmen who have represented District at State level and University team or regional team at District level with 1st / 2nd position within last two years (Sports Certificate should be with registration number and from government recognized sport institutes / bodies as under).
      • List of Sports. List of Sports for enrolment is attached as Appendix ‘C’
    •  Affidavit : Duly signed by candidate on Rs 10/- Non-Judicial Stamp Paper as per specimen duly attested by notary will be submitted by candidate at the Rally Site without fail. Format of affidavit attached as per Appendix ‘D’. Submission of Affidavit is Mandatory to gain entry into the Rally. Candidates WILL NOT BE PERMITTED to enter the rally without affidavit.
    • Certificate of Bonus Marks : All original certificates / photocopies duly attested pertaining to Bonus marks will be accepted only during the Rally. No certificates to include NCC Certificates, Sports Certificate, Relationship Certificate or any other certificates to claim Bonus Marks / Relaxation would be accepted after termination of the Rally. 
    • Single Bank A/C, PAN Card & AADHAR Card : Single Bank A/C, PAN Card & Aadhar Card are mandatory documents for final enrolment for purpose of Pay & allowances and other social benefits scheme. 
    • Police Character Certificate
    • Sarpanch/Nagar Sewak (Residence Proof)

      Army Raily Venue 

      • NDH Highschool Ground, Devbhumi Dwarka
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