RBI New Gold Loan Rules Explained | LTV 85% on Gold

0:02 Hello friends, welcome to today's Telugu good evening. Sensex gained 256 points to close at 82445, while Nifty gained 100 points to close at 25,103, while Yes Bank Nifty gained 261 points to close at 56,840. Today's market price activity opened with a gap up and almost reaching 25.16, but the market tried to consolidate below those levels throughout the day . If you observe the markets last week, the entire week's gain in the market was solely due to Friday . You also know the reason. If the RBI 's rate cut of 50 basis points surprises the market, along with cutting the cash reserve ratio by 100 basis points, bringing the CRR to 3%, then around 1% of the

0:47 entire banking-related funds of Rs 250 lakh crore will be released now, so around Rs 2,50,000 crore will be released, so that will be good for most of the banking and financial institutions. You will have seen most of the data points on Friday . But I said it in Friday's video . This is not for banks but for NBFCs immediately because they borrow at high interest rates and if the RBI cuts interest rates, then the rates from wherever they borrow will also fall. They have an immediate positive impact, but the slow and steady cut in interest rates for banks is also included in the business. We clearly discussed all these topics in Friday's video, which banks and NBFCs are good for. Here in today's video, I want to bring to your attention an important element . That is US

1:33 exceptionalism, meaning the US performs much better than other nations. It performs very strongly. Trump made strong statements at the start of his inauguration saying that there is no turning back for the US, so you can invest in the US. A golden era is about to begin. You often hear him say in his press conferences that he will have a very strong economy. But will it fade out slowly? Because of the different tax-related resume updates he has been taking in recent times, like the Big Beautiful Bill, a new bill has been introduced, which is why Trump and Elon Musk are also distancing themselves, and now Trump is giving Elon Musk a warning . If you try to block that bill with the Democrats, you will face serious consequences. But I don't think Elon Musk is afraid of such things . It certainly seems like the

2:19 issue between the two of them is getting more complicated if you look at their way of moving, but back to the point, if you look at US exceptionalism, the investors who are FIS and global, after taking the chair and Trump being elected as the US President, thought that the US would grow as much as they thought it would, but instead the US did not grow as much as they thought it would, and instead the fears that it would slow down due to the tensions of these trade tariffs are increasing, which damages US exceptionalism to some extent . All this is okay, why are you saying this now? Because if you think that US exceptionalism will cause damage, should the money that went there be returned? If so, what comes back will come back to India . Because I am not saying that India is a strong growing nation. They go to all countries. India is also included. Why does India have a chance to exist? Looking at our India- related macroeconomic data points in recent times, none of them have

3:04 created any major disruptions, except for one . Recent IIP data is somewhat weak . But if you look at it, the GDP data completely broke expectations . Look at the measures being taken by the RBI related to this. Are they trying to push the economy forward or are they trying to stop it ? If you take the same US Fed, I would say that I will take steps until I have clarity on inflation data for a long time. But the RBI may have cut it by 25 basis points . No one in the market expected CRR either. But the way the RBI is trying to change the environment here is that India looks a bit better for these foreign institutional players. In a big way, if the funds of FIs flow into the market, it will obviously push the markets higher. But my only concern is that when the market fell sharply in recent times, small-cap ESME stocks were all at very attractive valuations. But it's not like they're coming back from where they fell from, and they've

3:50 even surpassed that price. Many companies have passed. So the market is very attractive now. There is no point in the market where you can invest all your money and it will only increase from here . It falls down just as badly . Because there is no market in India to claim that there are such negatives . What is this? What is the current market situation? If you are fully invested in the market and something happens to you with an expansive valuation, that is, if you book some profit, maintain some cash reserves, like 20% cash reserves, and in any situation, if this happens globally, the market panics and falls. That creates value for us. And when it will happen, no one knows what will happen globally. When there are such uncertainties, while everyone else panics and sells, we should set aside some capital to buy. But the theme is that the current market is falling, and I don't see any reason for it, but in the long term, the Indian growth story will be

4:37 built strong, brick by brick . We definitely need to be involved in this . And if we want to gain additionally, we need to maintain some capital at 10 to 20% of the portfolio level to buy when the price is good. If Trump is there, he will give us an opportunity at some point, then there will be a good opportunity to buy . Trite and simple, the market will grow in the long term. But due to the strong market recovery in recent times, most small-cap and mid-cap SME stocks have also recovered well. We see opportunity in very few pockets . The main reason for that is that their related recent numbers are week. So for these reasons, FIS is more expensive than most pockets. Why do they stop investing now? The markets will always fall strong, you see. Then they will have the opportunity to buy in large quantities at lower levels in the markets. So

5:27 I strongly believe that inflows of FIs will come into our market in the near and next months . So, if you have some money, just keep it aside and don't buy it when it drops. If you don't, just leave the markets and take care of your own business. Even if you do, over the period, our Indian equity markets will still give us profits in a good way. But the only thing I expect from our people is not to rush to sell when the market panics, even in such situations. If you want, you can book some profit and put it aside when the market is rising well at such points, but please don't panic and get out when it's falling. Elon Musk and some economists in the US are all saying the same thing. Now, the bill Trump wants to bring will destabilize the economy, increase the fiscal deficit, increase the debt burden, and Elon Musk's direct statement that it will break the US economy, he has been making statements that he doesn't want the US economy to go bankrupt.

6:16 We will have to see how this big beautiful bill will shape the US economy. Whether it will hit the US economy as badly as Elon Musk and some other economists think, or whether the tax cuts I made will go directly to the people and boost the economy, as Trump believes, will keep the US running in a strong way . That is for the future to decide. But in the meantime, in the fight over this bill, Trump has lost a segment of people from his close circle . A prominent figure in it is Elon Musk. Next, if you observe the US markets, Friday's markets rose close to 1%. Specifically, the SNP 500 closed above 6000 at that point, say in February 2025 . Four months later, US markets closed above 6,000 again . And global equity markets also appear in green. And whether it's crude oil, gold, bond deals, or the dollar index,

7:02 all of these are cooling off somewhat. There are some downsides, though. All of this is good for the markets. Crude oil fell, bond deals fell, the dollar index fell, and the out-and-out, all of these things stabilize the markets, so we should take this as a positive for the markets. But my focus is on this, as I said before. If the FIS turns back on US exceptionalism, there is a possibility that the FIS will have big inflows into whichever country they see first. But the only logic is that the valuations should appear reasonable to them. And I said in the last trading session that they had a short side of close to 100,000 contracts, of which they covered close to 14,000 contracts . Their short positions have decreased from almost 84% net shot to now 79% net short . So, whatever move was seen in the market on Friday, short covering appears to have played a major role in the entire move . Now, when it comes to the next

7:49 events we need to watch, there are trade tariffs related to the US and China. Those who sat down in London, the UK, and Geneva last time and made a deal are going to meet this time too, from the Chinese side and the US side . There was actually a positive outcome in Geneva. But they couldn't continue. It will now take place again in London, UK. Any positive update from here will push global markets even higher. Also, important data related to the US is their CPI inflation data coming out on Wednesday. Which is June 11th and PPI data is Producer Price Index data is coming on June 12th. The main one is the US CPI inflation data coming on June 11th. That's what impacts a Fed decision . So, with the data coming out on the 11th, the Fed's decision on June 18th, the tone they

8:35 use, and the kind of steps they take related to the economy in the coming times will determine their behavior . And Michigan consumer sentiment data will also be released on Friday . It's not a big deal, but the ECPI, PPI, and Michigan consumer sentiment data are the important things we should focus on in this mood . And Friday's US- related jobs data release was the last time private payroll data came in, and it came in very late. The PET raised hopes that they would cut interest rates. But the recent Friday jobs data from the government side was strong, as was the non-farm payroll data . That means it came out well, better than expected. At this point, if inflation data doesn't come in for the week, meaning it's not cooling off as much as expected, then obviously the Fed will take a step back. So this time the upcoming CPI inflation data, the data coming on 11th June, the data coming on Wednesday should

9:20 definitely cool off. Inflation in the US, the recent Friday, that is, the jobs data released last Friday, is strong, so the Fed is not likely to make any positive comments related to the interest rate cut. Therefore, traders in the stock market, particularly the CPI inflation data coming after the close of our markets on 11th June, will impact the global markets and our Indian market opening as well. Therefore, if you have positions ending on 11th June, be careful to keep them balanced, to hedge them, and if possible, try to get away from that overnight position risk. I am telling beginners, those who think they have experience, yes, you can go ahead with the logic you have. If, on the other hand, the Fed makes even a small positive comment related to this rate cut, the next resistance we can expect in terms of Nifty is

10:05 25,700, and in terms of Bank Nifty, around 57,600. These are major levels of resistance for the market in the near term, meaning that everything is good and positive and the market is going up . Keep this in mind. If you find our efforts to bring you content that analyzes the entire data in the market, such as these two levels of near-term resistance in terms of Nifty Bank Nifty, friends, and others, valuable, then be sure to like our video . Friends, before we talk about news updates, a very important update. If you are ordering food on Swiggy or Zomato, a very big change is coming. Those who are holding Zomato and Swiggy stocks should also observe this carefully. Updates suggest that Rapido is entering the food delivery segment and is also planning to launch a pilot project in Bengaluru in the coming week . I will tell you the logic. Particularly those who are in the restaurant industry, please share your comments

10:51 in the comments section of this video. This is a very important observation. It will be very helpful for those who have invested in Swiggy. I will explain all the data to you . I will ask a question at the end . Please answer as soon as possible. What is the percentage of commission for Swiggy Zomato? We are getting 15% to 30% or above for these restaurants, but now what Rapido is saying is that we should go with a fixed fee model. If the order is under ₹400, pay ₹25 and if the order is more than that, pay ₹50. So if we look at 25/400, we get 6% of the raffles. They say 50% above 400, so roughly 6 to 13 to 14%, or a maximum of 15%, and they say they don't take commissions from restaurants . When it comes to Where is Swiggy and Jomo,

11:36 it's the base. The 15% minimum commission also goes to 30 31. And the pain that restaurant partners have faced so far is that discounts are given without their involvement. Those restaurants themselves must bear that pressure and that pain. No one does business at a loss. So what do restaurants do? They charge high prices for their products and sell them. So, these Rapido people, who considered all these as loopholes, gave us ₹25 in the fixed fee model, if it is under 400 B, if it is above 400, then ₹50, and also take into account the prices related to the restaurant, keep it at a good low price, if you put it in a way that is similar to how you sell, more people will come to this platform from other platforms . So that's a benefit to us and we won't charge you too much, so it's a benefit to you. Let's do business together. It appears that Rapido is going through a process of gaining market share in a way that is similar to Swiggy and Zomato

12:22 . Now, whoever is running the restaurants, who are you related to Swiggyomato, if you have partnerships with, one thing is clear. If a Rapido executive comes to you and proposes this same business model to you, will you try to get listed on Rapido as well or since you are already on Swiggyomato, will there be any special benefits for you? Is there any chance that a new player like Rapido will come and shake up the entire market share? Because now, the main focus of Zomato and Swiggy is not on food delivery but on quick commerce. They are fighting there. This business is now trying to enter the market quickly. The main question that comes to my mind here is that if they take an entry in food delivery, they will try to make it a hit in Quick Commerce as well. There is intense competition again and there is also cash burning. So this entire space, the

13:08 entire space, heat rises. So, if anyone who runs restaurants or has typed in Swiggy Zomato has been able to create a particular niche in Zomato or Swiggy in this food delivery space, please tell us in the comments section. And if Swiggy and Zomato are following in the coming times, investors should keep these fast changes happening in this industry in mind before taking any further decision . I don't know if they will change the data that Yes of Now has . But as of now, Zomato is the leader, with Swiggy in second position. Even if they grow in the same set, the stocks will definitely grow well. But the whole point here is that if a third player enters and tries to grab the share that is between the two of them, that will definitely hurt margins. They have already posted recent numbers as a week and the next numbers will also be a week . Because when we talk about quick commerce related high spending or their aggressive

13:54 business plans, these two companies are competing with each other and bleeding cash. When the third player, fourth player, fifth player are trying to grab this market share, both of them are being sustained . These two are not going anywhere. But the market expects how much market share they will lose in an attempt to compete with them, how much additional cash they will burn, and how many more quarters they will maintain their losses . It remains to be seen how restaurants will receive it and even users have already installed both Zomato and Swiggi apps . And now, if you already have Rapido installed, okay, but do you also install Rapido for food delivery? You have to see, but once this is clicked, it will be a major breakthrough related to Rapido and a strong jump in terms of business and valuations, and we will see it in terms of Rapido . We will find out in the next six months. Please share your opinions on this particular topic

14:40 in the comments section if possible. Those of you who are in this food space, both as a SA consumer and a SA restaurant owner, should definitely comment. Friends, if you find the efforts our team is making to analyze news updates and bring you content like this valuable, be sure to like the video. Friends, please observe carefully . ACX people are entering a big business that is global. Along with ACX, NS people will also enter in the coming times. But the focus here seems to be more IA related than MCXs . So the stock has increased today, but along with this, let's talk about the MXX related update step by step. First, let's look at the real update that is actually happening: MCX. MCX has received approval from SABI. Like to launch electricity derivatives related to something, now suppose you have Reliance Industries,

15:25 it is a stock spot, there will be fno related to it, there will be futures and options, right? So now in relation to Reliance Industries, you can be a buyer, I can be a seller, you can be a seller, I can be a stock, you can be a buyer, I can be a seller, we will decide the price. We decide the price of the stock . Futures are based on that price being underlined. If the stock goes up, the futures go up. If the stock falls, the futures fall. In some cases, the opposite happens. That's very rare, but this is the logic. And futures decide whether a call will rise or a put will rise, or a call will fall or a put will fall, depending on the moment. Similarly, in the coming times, they say that MXX will launch derivatives related to electricity. What are you launching? Derivatives, i.e. futures and options. In the example I gave you, if there was Reliance stock, there would be futures and options related to it. Now that MCX is launching electricity-

16:10 related derivatives, i.e. futures and options, what should be the basis for the spot price and base price of those futures and options? This is important, isn't it? Power trading is done in IS. In terms of electricity, whatever price is discovered in it, MCX is taking it as the spot price and based on it, they want to launch futures and options. Friends, globally, there is a very good market in power-related derivatives. So now, when this comes, even in our India, most consumers, thinking that these fluctuations will impact their business, buy it for hedging purposes. For trading purposes, traders enter if they see volatility in it. Therefore, NCX benefits from it. If a new segment is entered, NCX benefits from it. But here, IA does clean business by just sharing data without doing any work.

16:58 See the agreement with MCX. According to the agreement between them, IA has to share 10% of the revenue fee with MCX, which is how much MCX earns. MCX has to share 10% of the transaction fee. So, IA is not struggling here. It is not designing contracts. It shares existing data. MC is not done with this. Last month, SEBNC also granted a grant to launch electricity derivatives. So there seems to be a possibility that NS will also reach an agreement with IA . If in case it is possible here too, business IA comes from NS. From Mcx to Business IA . They happily earn money from both. It makes sense, right? MCX and NS can launch FNO. But I like the spot related to it, that's why I gave you the first example, that's why instead of giving an example that gives the entire data, I said that if you give an example and give the data, you will understand.

17:46 Reliance futures are decided based on the stock of the company, and the options are decided based on that, right? That's why Sabi has allocated electricity-related futures and options to NXX . SEBI has already approved NSC in the past . Where does futures and options come from? Right from IA. You may have seen a buzz today about INCA being related to these reasons . The only drawback related to the stock is that it should be very good with these updates . The only thing is that if a market coupling-related decision goes against IA, IA will lose share, but with the major data coming out in recent times, it has not been seen anywhere that their business is being really impacted. But what you have to do is tell me what happens in terms of iA and if anyone is holding iA shares, try to tell me who they are and at what price you bought them. I also understand if they

18:32 are still in the loss, if they were recently added when they fell, or if they are among the most popular of our subscribers . We talked about it on our channel a long time ago, but at one point, I even made a video about coming out of IA when all these regulatory issues were coming up. But after that, their business developed much better than the point I was coming up with, but the stock price went lower than expected . And now some interesting updates are evolving in terms of stock . And I am reminding IIA investors once again . Most of the talk is about electricity, but they have also recently presented their plans to investors to start businesses related to the Indian Gas Exchange, the International Carbon Exchange, and the Coal Exchange . They already have IIG and IICA, but they say the coal exchange will also be available in the coming times. But I don't have much hope for any of this . IA's core business is based on your hopes

19:18 . And there is some scope for their gas exchange, but as of now, I don't have high expectations for the International Carbon Exchange or Coal Exchange. And you can see their entire business here on the screen. Apart from their electricity business, what are the diversifications that friends are seeing, this is a very important update related to gold loans . I told you on Friday that the RBI has brought the LTV loan-to-value to 85%, but the related final rules were updated for us this weekend, Saturday and Sunday. Here I am showing you the entire article on the screen, but if I simplify all this data, what you need to know, those who are taking gold loans, is that if you want to take a loan of up to 2,50,000, the RBI had previously proposed 75% on the gold you have, but now they are bringing it to 85% . This means that if you pledge gold worth ₹2,50,000,

20:07 you will be given 85% of it, which is ₹2,12,000, as a loan. Before that, it would have only earned ₹1,87,000. It doesn't end here. Even though it was last Friday, the data is only available up to this point. Now, even those who pledge gold worth Rs 2,50,000 to Rs 5 lakh will have a loan-to-value of 80% LTV, but if someone pledges more than Rs 5 lakh, they will have a loan-to-value of closer to 75%, according to the final rules from RBI. And one important thing here is that you need to maintain this percentage throughout the entire tenure of the loan, from the time you start until the loan ends. If the gold price drops or the ratio changes for any other reason, they should inform the customer immediately and take steps to maintain that ratio. In addition, the

20:59 RBI has also given relaxations to those who borrow money by depositing small amounts of gold, whether it is existing loans or bullet repayment loans, in terms of collateral ownership, documentation, and other rules. Overall, this is a positive for the majority of NBFCs that lend money against gold, with Muthoot Finance set to benefit the most . So even today, there are many companies that offer gold financing. The Birlas and Aditya Birlas are filing a case against Next Asian Paints, which is a listed company, with the Competition Commission of India. What we have recently brought out is a new paint . They brought Opus, didn't they? Birla brought a new paint called Opus. If we were trying to sell that paint to distributors, Asian Paints would come and tell dealers that if you sell this Birla Opus paint, if you give them space at your place, we would cut you off, we would cut your dealership, otherwise we would cut the margins we were giving you, we would blacklist you. They are scaring dealers into selling our paints

21:45 . Birla Opus filed a case with the Competition Commission of India, alleging that they are trying to maintain a monopoly, eliminate competition, and crush our brand so that they can profit at the expense of consumers. This is not the first time that Asian Paints has filed for bankruptcy. Many paint companies from our south have filed for bankruptcy in the past . Asian Paints' monopoly tactics have not been successful anywhere else, but big business has not fallen to Asian Paints. Now that Birla has come to compete, let's see what kind of hurdles Asian Paints will face in the form of the Competition Commission of India . It would appear that the Birlas have filed an antitrust complaint against Asian Paints . Next we need to talk about Sujilan. Updates suggest that the Tanti family, the promoter family of Sujalan, sold nearly 20 crore shares related to them and today sold them in a block deal, raising the price to close to 1300 crores

22:33 . The promoters believe that it's not good for the stock, but recently they have posted very strong numbers. Probably for this reason, we did not see a big fall in the stock even after this update . Even in the morning, we see a confirmation at the opening time . We see that 20 crore shares were traded in the black window at exactly 9 am . And now the question is why did they sell everything? What did they do with that money? But the more important question is, who bought it if they were selling it? We can also understand that the promoters are selling so that the buyers, assuming they are big institutional players, will probably buy . If you want to buy a share in a particular company, say you buy it on the open market, 20 crore shares will go somewhere. If there is no interest, talk to the promoters and say that if you sell your stake, we will participate in the black window and buy it.

23:20 Even at such times, the promoters will try to sell . To add more institutions . It is only when you know who bought what that is that you understand why it was sold for those reasons, that I will share with you the data that is being updated in the End of the Day NSC Block Deal Bulk Deal section in tomorrow's video. If there are any very important names, I will immediately give them in the comment section. You can also check them in the comment section . Friends, please observe carefully on the screen. The Government of India has imposed anti- dumping duty on imports of insoluble sulfur from China and Japan . In addition, updates indicate that anti-dumping duties have also been imposed for five years on imports of vitamin A palmitate related products from China, Switzerland, and the European Union . Who benefits from this? If you look at the business of OCL Limited, go to Screener and

24:06 look at it, you can see their manufacturing and selling of insoluble sulfur-related products. When it comes to butt sales, the numbers have been somewhat stagnant in recent times. Margins remain stable and profitability is also in the range of around 7 to 8 crores. The market is likely to see a stock-related gain with this update, and an attempt has already been made to reflect this in the stock today . Similarly, we can expect an advantage in terms of vitamin A palmitate and Perumal Pharma . An important update is coming from NextDRO. RDO is under the RND Research and Development Ministry of Defense. They are designing new technologies related to this defense . It's not enough to just know how to design and manufacture that technology. They research missiles or new equipment and

24:52 transfer that technology to companies. And those companies manufacture them like BL or BEL or TATA Advanced Systems Bharat Fourch, all of them also manufacture them and provide them to our Indian Army and they make a profit, they do business but it is related to our Indian integrity so DRDO transfers their technology to the companies . If you look at the screen here, you will see that they have transferred which technologies to which companies. Among those companies, there is BL, Bharat Forge, BAL, Tata, etc., and Das Hith Limited. We can see the names of some companies here . So, due to the recent events like Operation Sindhur, the world has come to know about our defense capabilities and the strong DRDO is developing wall technology and transferring it to these companies, which is

25:38 not only for India but also globally, there is a possibility of a mega opportunity arising in defense related matters . But the problem is that the defensive space has been running up quite a bit in recent times . Whatever we see in it, it will be a good value. Else, it will take time for all of this theme to be reflected in the numbers, but in the meantime, investors' price-related range bond strength is likely to be impacted if it follows some. This is something investors should keep in mind. The opportunity is huge, but stocks have also run up very strongly. Those who hold shares of Babaz Finance should observe this carefully . They set June 16th as the record date . The stock split is 1:2 with bonus shares being 4:1, which means that if you have one stock, 1:2 means that each stock becomes two stocks. Now, these two stocks will become eight stocks, with each stock becoming four stocks at a 4:1 bonus.

26:25 Eventually, the one stock you have will turn into 10 stocks . The record date for this is June 16. This means that those who have purchased these stocks and held them in their demat account till then will have these bonuses split and will be reflected in their coming times. To put it more simply, if the share price of Bajaj Finance is close to ₹9000, it will appear as ₹900 in the coming times. So if you bought this stock when it was close to ₹9,000, your portfolio would show that the stock had suddenly fallen a lot . Don't worry, you will get enough when those split and bonus related shares are added in the coming times. If you bought it the day you saw it for ₹900, we are not applicable to any of these because it is like we are buying it after it has already been divided. Hope you understand the logic. Once again, the record date is June 16, friends. A very important

27:10 update is silently in the market. No stocks have reacted in a big way to this, but some companies have made a profit due to this. If you notice here, IRDI is planning to increase the price of motor third party insurance by close to 18%, or even close to 25%, the data shows that there is a probability of a hike of 18 to 25% . We see that some insurance companies are growing due to this, but this needs to be understood well. Once it is grown, it is not grown again year after year. In fact, the last hike came six years ago, but due to this, general insurance companies, for example, Go Digit and ICICI Lombard, would have had an additional advantage if they were majors in it . Big players have a greater advantage . So we should keep in mind that general insurance companies will have the

28:02 opportunity to improve their combined ratios and outlook in the coming times due to this third-party motor insurance hike. Next rn pro said that they have signed an iCash Pro deal worth 2.5-5 million dollars with Sri Lankan bank clients. This is a second major deal with a Sri Lankan bank client. They have an iCash Pro platform. AI Power. The banking system there is a growth and business opportunities related to cash management and transaction banking platform. They have provided services to them with the iCash Pro platform and they will get business. They have made updates. Next, Glenmark is going to launch Janu Brutenibrillated in India. This is a drug used in the treatment of five blood cancers, like chronic lymphocytic leukemia, and I have highlighted what those blood cancers are here on the screen . Glenmark is updating that they are planning to launch this drug in India and have

28:54 received approval from the Drug Controller General of India (DGI) . Enter Technologies has received an order worth 19 crore 20 lakhs from Clean Energy and Aerospace. Where did it come from? Their major client is Bloom Energy. They are updating it as if it came from ISRO. It is said that 17 crore 80 lakh orders were received in terms of clean energy and 1 crore 40 lakh orders were received in terms of aerospace. Kalpataru Projects is also reporting strong growth in its power transmission and distribution space, with new orders worth Rs 3,789 crore . Friends, you must have heard that Shashidhar Jagadeeshan, who has been with HDFC Bank since 1996 and is the current MD and CEO, owns the Lilavati Hospital in Mumbai . The trust that manages it has made serious allegations.

29:42 Very strong allegations have been made that he committed fraud and financial fraud. HDFC Bank responded to this by asking if their MD and CEO would make such statements. They are registering an FIR against the Mehta family trust and the Lilavati Karithilal Medical Trust. They are making such statements to avoid paying the 65 crore 22 lakhs they owe. Updates are being made to ensure that HDFC Bank is taking appropriate legal action in this regard. HDFC Bank responded by saying that they have not honored the payments they were supposed to make financially, even though they had a recovery certificate from 2004. Instead, they are making such worst statements about our MD&CO in retaliation against us . And the market believed those statements, which is why the stock didn't fall today. Next Infosys was previously related to an

30:29 IJST invoice of around Rs 32,403 crore. It means that they have to pay an IJST invoice, not an IJST notice. The GST people have updated it to say that they are closing it now. Which is very good news for Infosys. All the proceedings in terms of IJST, which they were previously related to, are now being closed. We should talk about Next Silchar Technologies. They approved the bonus in a 1:2 ratio. And they are also saying that the record date for it is June 6th. The 1:2 bonus means that the company gives one free share to anyone who owns two shares. Next we need to talk about Olactra Green Tech. Updates are being made that the chairman and managing director of this company, KV Pradeep, has resigned, citing personal reasons . I will come back to you again with another interesting video.

31:15 Until then, take care. Jai Hind.