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Table of Contents

  1. Introduction
  2. Google Bard Update
  3. Global Rich List of 2023
  4. Special Fixed Deposit Schemes
  5. Mutual Fund Accounts Freeze
  6. Hindustan Zinc's Dividend
  7. BSNL's Financial Status
  8. Ola Electric's Funding
  9. Nokia's C12 Pro Launch
  10. Professional Services Organization's Report
  11. Infra Limited IPO

Google Bard Update

Google Bard has been facing intense competition from Microsoft's artificially intelligent chatbox. To make the Google Bard accessible to more users, Google has kick-started the process of making it available to more users. Citizens can visit bar.google.com and log into their Google account. They will then have to select the option of joining the waitlist option, after which they need to select the "Yes, I'm in" option. The user will be added to the waitlist, and Google will send an email notification. Users can use Bard to get information on any topic of their choice.

Global Rich List of 2023

Leading research firm Horan India has released the Global Rich List of 2023. Mukesh Ambani is the only Indian to feature in the top 10. In its global rich list of 2023, the Reliance Industry Chairman dethroned Gotham Adani and reclaimed the tag of being the richest Asian once again. The highest number of billionaires are in China, followed by the USA and India. China has also added the most number of billionaires in 2022. Overall, there are more than 3,000 billionaires in the world, out of which six percent are from India, whereas the US and China together constitute more than half of the total billionaires on planet Earth.

Special Fixed Deposit Schemes

The last day of special fixed deposit schemes extended by various banks is March 31st, 2023. Punjab and Sind Bank is giving one of the highest rates under the special fixed deposit schemes. Account holders can get an eight percent interest rate on the Punjab and Sind Bank Utkarsh 2 to a triple two days FD scheme, and SBI is giving 7.10 on SBI 400 Days Amit Kalash FD scheme. Indian Bank, on the other HAND, is giving seven percent on IND Shakti triple five days FD scheme, and senior citizens will get an additional 0.5 percent with respect to FT schemes of each of these banks.

Mutual Fund Accounts Freeze

Mutual fund accounts will be frozen if the declaration form for filing nomination details is not submitted by March 31st, 2023. This does not mean it has become mandatory for retail investors to add a nominee to their mutual fund folios. If they don't want to add a nominee, they just have to fill a declaration form. They can state that they don't want to add any nominee. The declaration form can be filed both online and offline, but if nomination details are missing from the declaration form, then their accounts may be frozen. As a result, investors will not be able to sell units of their schemes.

Hindustan Zinc's Dividend

Vedanta group firm Hindustan Zinc has approved a fourth interim dividend of 26 rupees per share for FY 23. In the ongoing fiscal, the Vedanta group company has paid a total dividend of 32,000 crore rupees to shareholders. With this, Hindustan Zinc has become one of the top dividend payers in the country. The company is the largest producer of zinc, lead, and silver in the country. The Record date of finalizing shareholders eligible for a receipt of dividend is Wednesday, which is March 29, 2023. So far, the company has not disclosed the payment date.

BSNL's Financial Status

The Department of Telecom has said that debt-laden Telecom BSNL is expected to be profitable in the financial year 2026-27. But for the time being, in the next fiscal, its loss is expected to widen to more than 7,700 crore rupees. The Telecom Department also Mentioned that BSNL is required to pay total AGR dues of 33,111 crore rupees to the government in April-June quarter of next fiscal. Telecom is likely to be able to make this payment as the finance ministry has allocated more than 1.08 lakh crore rupees under the Revival Package. BSNL's bounce back will benefit the Telecom sector, which is left with only two profitable telecasts currently.

Ola Electric's Funding

E-vehicle manufacturer Ola Electric is in Talks with marquee investors to Raise around 300 million dollars in a fresh round of funding. The electric arm of Ola is expected to break even soon and turn profitable. According to sources, the electric two-wheeler manufacturer is in talks with existing and marquee global investors as well as sovereign funds for fresh funding. Ola Electric is the leading electric two-wheeler manufacturer in the country, and it is clocking close to a billion-dollar annual revenue. The company has said that it will soon launch its first electric four-wheeler in India.

Nokia's C12 Pro Launch

Nokia has launched the affordable C12 Pro, the C Series smartphone at 6,999 rupees. The higher variant, which houses 3GB RAM and 64 GB internal storage, will come at a price of 7,499 rupees. The smartphone is live on sale on nokia.com, online e-commerce portals, and also on offline stores. Some of the other striking features include a 6.30-inch display, Android 12, 8-megapixel back camera, and 5-megapixel front camera. The handset will be available in three different shades, and customers will also get a 12-month replacement guarantee.

Professional Services Organization's Report

According to a report by Professional Services organization EY, employees in India are expected to get a double-digit pay hike of more than 10 percent in 2023. This is about similar to what employees got in 2022. The Professional Services Company has also said that e-commerce and I.T companies are expected to hand over the highest pay hike this year. Sectors that are anticipated to grow and provide a wide range of employment opportunities are renewable energy, e-commerce, digital services, healthcare, telecommunications, educational services, retail, and logistics.

Infra Limited IPO

The last one that made it to the block today is Infra Limited IPO, which has got a robust response on D Street. The initial shared sale process was subscribed more than four-fold by 4 pm on the third day. The quota of retail investors was subscribed almost four times its size. Non-institutional investors' quota was subscribed North of seven times, and its GMP remains steady at 10 rupees. The price range for the offer is 33 to 35 rupees a share. Uday Shiva Kumar Infra is in the business of construction of infrastructure projects and is mainly operational in Karnataka. Another firm, Moby Quick, has also said that it is planning to bring its IPO in the next 12 to 15 months.

Conclusion

In conclusion, the financial world is always buzzing with activity, and it is essential to stay updated with the latest news and trends. From Google Bard's update to Hindustan Zinc's dividend, there is a lot happening in the financial world. The Professional Services Organization's report predicts a double-digit pay hike for employees in India, and sectors like renewable energy, e-commerce, and digital services are expected to grow and provide employment opportunities. The Infra Limited IPO has also received a robust response on D Street, indicating a positive outlook for the construction industry.

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