HENCY R SHAH AND ASSOCIATES

Reliance is on a War with every large business in India   Mukesh Ambani's Reliance is making bold moves across India's top industries. He is acquiring one industry at a time and keeps the customer on his own side. Jio 4G disrupted Indian telecommunication industry and killed many players, but customers love it! Jio TV is now taking over Indian OTT with free IPL, almost killed Hotstar, but customers love it! This is crazy, but it's happening! Here's a snapshot of how they're taking on the biggest players targeting the largest market share: 📈  Finance - Jio Financial Services vs Bajaj Finance Market Size: $350B | Growth: 22% | Leader: Bajaj Finance (30%)   🥤  Soft Drink - Campa Cola vs Coca-Cola Market Size: $8B | Growth: 9% | Leader: Coca-Cola (40%)   💄  Cosmetics - Tira vs Nykaa Market Size: $20B | Growth: 15% | Leader: Nykaa (25%)   👗  Clothing - Ajio vs Myntra Market Size: $70B | Growth: 12% | Leader: Myntra (35%)   🎬  Streaming -...

G20, IMF, FSB to work on policy formulation of crypto assets The Indian Administration has proposed a joint specialized paper by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) to "integrate the macroeconomic and administrative points of view of crypto-resources". These associations are supposed to introduce their joint paper during the fourth G20 Money Clergymen and National Bank Lead representatives Meet, planned next October. This would assist in the detailing of a planned and far reaching strategy with drawing closer to crypto resources, when numerous nations including India didn't have an administrative system for crypto resources. A few conversations on the issue are normal over the span of G20 gatherings this year, which will help "construct informed banter inside the G20 gatherings and lead to the detailing of composed and extensive strategy approach," as per a Press Data Department discharge. The IMF-JSB paper is "expe...

₹ to use as foreign trade currency   Use of rupee in foreign trade:  In order to facilitate international trade, Sri Lanka has agreed to utilize ₹. It occurs shortly after the Indian government announced it was looking into ways to include nations who are particularly short on dollars in the Indian rupee trade settlement process. Notably, the Indian government has been attempting to entice nations with dollar shortages to use its rupee settlement system since July of this year. The Indian rupee trade settlement system allows for the use of the Indian rupee in place of dollars and other major currencies in all international transactions. The RBI announced the creation of a system to conduct foreign trade in Indian rupees on July 11. While the market determines the exchange rate between the trading partners, the method will allow all exports and imports to be denominated and billed in Indian rupees. In order to educate stakeholders on the rupee trade, the Indian Fina...

  SUBSCRIBERS’ WIN OVER TELECOM OPERATORS Buying a recharge plan with 28 days validity or less is like paying for pizza with less or no cheese. A 30 days validity plan sounds like a more complete package. Following the concerns expressed by several telecom subscribers over such 28 days validity plans, the Telecom Regulatory Authority of India decided to take an action on this and therefore, asked telecom operators to offer vouchers with a validity of 30 days. “Every Telecom Service Provider shall offer at least one Plan Voucher, one Special Tariff Voucher, and one Combo Voucher which shall be renewable on the same date of every month, and if the date of such renewal is not available in a month, the date of renewal shall be the last date of that month,” the telecom regulator said in a release. Abiding by these rules, telcos launched monthly validity plans for their customers that offer either 30 days of validity or 1-month validity. Now TRAI in its latest press release has liste...

In a crackdown on illegal digital lending platforms, the Reserve Bank of India (RBI) will soon prepare a ‘whitelist’ of all legal applications (apps) that offer loans, and the Ministry of Electronics and Information Technology (MeitY) will ensure only these apps are hosted on app stores. “The RBI will monitor the ‘mule/rented’ accounts that may be used for money laundering and review or cancel dormant NBFCs (non-banking financial companies) to avoid their misuse. The RBI will ensure that registration of payment aggregators be completed within a timeframe and no unregistered payment aggregator be allowed to function after that,” the finance ministry said in a statement on Friday. The decisions were taken in a meeting chaired by Finance Minister Nirmala Sitharaman on Thursday. The steps by the government come after illegal loan apps hosted on app stores have been found offering micro-credit to the pandemic-hit people and low-income g...