As Tesla Prepares for India, Tata Motors Unveils Special EV Offers for Buyers

Tata Motors, India’s top EV brand, announces special benefits for new and existing buyers after hitting 2 lakh sales, offering exchange bonuses, financing, and charging perks as Tesla eyes its India debut.

Tata Motors Responds to Tesla’s Arrival with Special EV Offers

As Tesla gears up for its anticipated entry into India, Tata Motors, the country’s leading EV manufacturer, has introduced exclusive benefits for both existing and new customers. This move comes after Tata Motors surpassed 2 lakh electric vehicle sales in India, marking a significant milestone.

To commemorate this achievement, the company has launched limited-time offers that will be available for the next 45 days. These benefits include exchange bonuses, competitive financing options, complimentary charging access, and loyalty rewards. The initiative is aimed at promoting Tata’s electric models, including the Nexon EV and the Curvv EV.

Tata Motors’ special offers

Tesla is expected to make its India debut in April 2024, as per news reports with plans to import cars from Germany, with prices starting at approximately ₹21 lakh.

Meanwhile, Tata Motors currently dominates the Indian EV market, offering five electric models the Tiago EV, Tigor EV, Punch EV, Nexon EV, and Curvv EV—with starting prices from ₹7.99 lakh.

At the Bharat Mobility Global Expo 2025, Tata showcased its upcoming electric lineup, including the much-anticipated Harrier EV and Sierra EV, both set to launch in fully electric versions.

Loyalty benefits are also available for current Tata vehicle owners. Existing Tata EV owners upgrading to the Nexon EV or Curvv EV can avail of a ₹50,000 loyalty bonus, while owners of Tata’s ICE (internal combustion engine) vehicles switching to an EV will receive a ₹20,000 bonus.

Conclusion

As Tesla gears up for its much-anticipated entry into India, Tata Motors is reinforcing its position as the country’s leading EV brand with exclusive benefits for new and existing customers.

While Tesla’s arrival may bring more competition, Tata Motors’ strong market presence, diverse EV portfolio, and customer-centric incentives put it in a solid position to retain its leadership. The coming months will be crucial in shaping India’s EV landscape

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Godrej Capital’s Growth Accelerates, IPO on the Horizon

Godrej Capital, with an AUM of ₹15,000 crore, is eyeing an IPO in three years. CEO Manish Shah expects profits to triple to ₹175 crore by March 2025, as expansion continues nationwide, as per news reports.

Godrej Capital Sets IPO Plans

Mumbai-based Godrej Capital is setting its sights on an initial public offering (IPO) in the next 3 years, according to Nadir Godrej, Managing Director of Godrej Industries.

Speaking at a conclave in Mumbai, he stated that the company would consider an IPO once it reaches a certain scale, with assets under management (AUM) playing a key role in the decision.

Godrej indicated that the company views ₹10,000–₹15,000 crore in AUM as a milestone in the journey toward becoming a publicly listed entity.

The company has already surpassed ₹15,000 crore in AUM as of January 2025 and is now targeting ₹30,000 crore by March 2026, according to Godrej Capital Managing Director and CEO Manish Shah.

Godrej Capital Expands Rapidly in Tamil Nadu

Shah highlighted the company’s rapid expansion, particularly in Tamil Nadu, where AUM has more than doubled to ₹800 crore and is expected to cross ₹1,000 crore by March 2025. He also shared that Godrej Capital’s profit of ₹55 crore in the last financial year is projected to triple to ₹175 crore by March 2025.

The company currently has 3,800 channel partners and plans to expand this network to over 10,000 in the next two years.

Godrej Capital, launched in 2022, serves as the financial services arm of the Godrej Group, holding Godrej Housing Finance and Godrej Finance. It primarily focuses on home loans and loans against property.

Conclusion

Godrej Capital is positioning itself for an IPO within the next three years, having already surpassed ₹15,000 crore in AUM as of January 2025. Its growing channel partner network and continued investments in home loans and loans against property highlight its strategic push in the financial services sector.

As the company progresses toward its public listing, its expansion and financial performance remain key areas to watch.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Who Will Head the 8th Pay Commission?

With the 8th Pay Commission appointment on the horizon, curiosity is growing over who will be chosen as its chairman and members.

The Pay Commission, a government-appointed body, is responsible for reviewing and revising the salary structures of central government employees, defence personnel, public sector workers, and pensioners. These revisions take into account inflation, economic conditions, and living standards to ensure fair compensation.

Who Will Head the 8th Pay Commission?

As of now, the official chairman and members of the 8th Pay Commission have not been confirmed.

But here’s information about the appointment structure and related details.

What Is the Member Structure of the 8th Pay Commission?

Typically, the government appoints a team that includes:

  1. A senior finance expert as the Chairman
  2. Administrative and economic experts
  3. Representatives from employees’ unions
  4. Defence and public sector representatives

Past Pay Commissions and Their Key Members

The 7th Pay Commission in India comprised eight members, including a chairman, three members, and a member secretary.

  • Justice Ashok Kumar Mathur – Chairman
  • Shri Vivek Rae – Member
  • Dr. Rathin Roy – Member
  • Smt. Meena Agarwal – Member Secretary

The 6th Central Pay Commission (CPC) had a smaller panel of four members, including a chairman and a member secretary:

  • B. N. Srikrishna – Chairman
  • Prof. Ravindra Dholakia – Member
  • J. S. Mathur – Member
  • Sushama Nath – Member Secretary

Conclusion

Past Pay Commissions have been led by experienced economists, judges, and financial experts, ensuring a balanced approach to wage adjustments based on inflation, economic conditions, and living standards.

Until official announcements are made, all eyes remain on the government’s decision and the potential impact of the 8th Pay Commission’s recommendations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Closing Bell: Sensex Down 203 Points, Nifty Down at 22,913 on February 20, 2025

The BSE Sensex closed at 75,735.96, down 203.22 points (-0.27%), while the Nifty 50 ended at 22,913.15, declining 19.75 points (-0.09%).

Indian benchmark indices ended lower on Thursday, weighed down by declines in major banking stocks and Maruti Suzuki, as concerns over US tariffs impacted market sentiment.

Top Gainers and Losers

Shriram Finance emerged as the top gainer, rising 4% to ₹580.1, followed by NTPC, which gained 3.26% to ₹325.05, with a high trading volume of 2.28 crore shares.

On the losing side, HDFC Bank declined 2.39% to ₹1,685.95, while Maruti Suzuki dropped 2.10% to ₹12,420, reflecting pressure on banking and auto stocks.

Broader Market Indices Performance

The Nifty Next 50 gained 1.47 points, closing at 61,039.10, while the Nifty 50 slipped 0.09 points to 22,913.15.

Sectoral indices showed divergent trends, with the Nifty Auto index rising 1.22% to 22,074.90, while the Nifty Private Bank index declined 0.48% to 24,659.30, reflecting pressure on banking stocks.

Oil Prices

As of February 20, 2025, at 04:00 PM, Brent Crude was trading at $76.18, up by 0.18%.

Conclusion

Broader market indices showed divergent performances, with Nifty Auto gaining 1.22%, while Nifty Private Bank declined 0.48%, indicating pressure on banking stocks.

Overall, the market remained cautious amid global trade concerns and sector-specific movements, influencing investor sentiment throughout the session.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Is Jio Hotstar the Same as Disney Hotstar?

Reliance seems to be everywhere in the news these days—from telecom and streaming with the new Jio Hotstar platform, to toys and fast fashion, making headlines across industries. With so many ventures under its umbrella, it’s easy to get confused about what’s changing and how it affects you.

One of the latest buzzworthy topics is Jio Hotstar and its connection to Disney+ Hotstar. Just when you think you’ve got it all figured out, new partnerships, rebranding, and exclusive deals shake things up.

Now, with Jio and Disney+ Hotstar joining forces, you might be wondering—are they the same, or has something changed? If you’ve seen terms like Jio Hotstar floating around, it’s natural to feel confused.

Let’s dive into the details and clear up the confusion, starting from the very beginning.

From Hotstar to Disney+ Hotstar: A Streaming Evolution

Hotstar established itself as one of India’s leading streaming platforms in 2015, offering a diverse mix of sports, Bollywood films, and international TV shows. It served as a platform for sports fans to watch matches.

Then came a major shift in ownership—in 2019, The Walt Disney Company acquired Star India. This acquisition revolutionised the platform, and in 2020, Hotstar was officially rebranded as Disney+ Hotstar and launched in India.

With this transformation, the platform became the go-to destination for Disney’s extensive content library in India, featuring Marvel Studios content, while also remaining the preferred platform for IPL streaming on Hotstar.

So, this is how you would remember the Disney+ Hotstar brand—what started as Hotstar and was transformed after Disney acquired Star India in 2019.

The Birth of JioHotstar: A Game-Changing Alliance

JioHotstar emerged from a landmark joint venture between Reliance and Disney, officially completed after its initial announcement on February 28. This strategic merger combined the businesses of Viacom18 and Star India, creating one of India’s largest TV and digital streaming platforms.

As part of the IPL media rights auction, Disney Star retained the Indian subcontinent TV rights for ₹23,575 crore (₹57.5 crore per match). Meanwhile, Reliance-backed Viacom18 secured the highly coveted India digital streaming rights for ₹20,500 crore and also acquired Package C, a non-exclusive streaming deal, for an additional ₹2,991 crore.

With these acquisitions, JioHotstar now exclusively holds the domestic digital broadcasting rights for the IPL until the end of the 2023–2027 cycle, making it the go-to platform for IPL streaming in India.

To capitalise on its new position, Reliance Jio has launched prepaid recharge plans that offer free access to JioHotstar. For users seeking an ad-free experience or the ability to stream on multiple devices, standalone JioHotstar Premium plans are available, priced at ₹499 per month or ₹1,499 annually.

And this is the new name you will now see on the streaming app—JioHotstar, the home of IPL digital streaming in India.

Conclusion

The evolution from Hotstar to Disney+ Hotstar and now JioHotstar marks a significant shift in India’s streaming landscape. With JioHotstar now holding exclusive IPL digital broadcasting rights and being bundled with Jio recharge plans, the platform is set to reshape the way Indian audiences consume content.

Whether you’re a casual viewer or a premium subscriber, these changes signal a new era of streaming in India, one that blends global entertainment with homegrown digital dominance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mid-Day Top Gainers and Losers on Feb 20, 2025: NTPC, Leads the Gains, HDFC Bank Among Top Losers

On February 20, 2025, as of 12:30 PM, the Sensex had dropped 236.41 to 75,707.47, while the Nifty50 was down 37.45 points at 22,895.45.

Mid-Day Top Gainers

Symbol LTP (₹) % Change Volume
NTPC 325.3 3.34% 1,46,93,117
SHRIRAMFIN 573.4 2.80% 34,09,181
ADANIPORTS 1108.85 2.40% 11,92,019
M&M 2822.5 2.36% 25,23,965
HINDALCO 638.9 2.01% 34,66,422

  • NTPC

NTPC opened at ₹312.55 and reached a high of ₹326.15, while the low for the day was ₹311.50. The previous close was ₹314.80, marking a current increase of ₹10.50 (3.34%).

  • Shriram Finance

Shriram Finance opened at ₹557 and reached a high of ₹573.65, while the low for the day was ₹557.00. The previous close was ₹557.80, showing a gain of ₹15.60 (2.80%).

  • Adani Ports

Adani Ports opened at ₹1,074.20 and hit a high of ₹1,112, with a low of ₹1,074. The previous close was ₹1,082.85, reflecting a rise of ₹26.00 (2.40%).

  • M&M

M&M opened at ₹2,745.10 and reached a high of ₹2,833.15, while the low was ₹2,690.05. The previous close was ₹2,757.40, recording an increase of ₹65.65 (2.38%).

  • Hindalco

Hindalco opened at ₹627 and climbed to a high of ₹640.40, with a low of ₹625. The previous close was ₹626.30, gaining ₹12.60 (2.01%).

Mid-Day Top Losers

Symbol LTP (₹) % Change Volume
HDFCBANK 1688.15 -2.26% 72,90,493
MARUTI 12448.55 -1.87% 2,09,335
TATACONSUM 1007 -1.78% 2,84,552
ITC 401.6 -1.18% 96,09,162
ICICIBANK 1247.35 -1.13% 48,11,793

  • HDFC Bank

HDFC Bank opened at ₹1,711 and recorded a high of ₹1,714.70, while the low was ₹1,687.65. The previous close was ₹1,727.20, showing a decline of ₹39.05 (-2.26%).

  • Maruti Suzuki

Maruti Suzuki opened at ₹12,650 and touched a high of ₹12,650, with a low of ₹12,380. The previous close was ₹12,686.15, dropping ₹245.90 (-1.94%).

  • Tata Consumer

Tata Consumer opened at ₹1,020 and reached a high of ₹1,030.25, while the low was ₹1,004.55. The previous close was ₹1,025.30, reflecting a decrease of ₹18.00 (-1.76%).

  • ITC

ITC opened at ₹399.95 and hit a high of ₹403.90, with a low of ₹396.20. The previous close was ₹406.40, marking a fall of ₹4.75 (-1.17%).

  • ICICI Bank

ICICI Bank opened at ₹1,255.35 and recorded a high of ₹1,264, while the low was ₹1,246.75. The previous close was ₹1,261.65, showing a drop of ₹14.05 (-1.11%).

Conclusion

As of midday on February 20, 2025, the stock market experienced mixed trends, with NTPC, Shriram Finance, and Adani Ports leading the gains, while HDFC Bank, Maruti Suzuki, and Tata Consumer were among the top losers. The Sensex and Nifty50 reflected moderate declines, influenced by sectoral shifts and investor sentiment.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

SIAM: Passenger Vehicle Sales to See Modest Growth in FY26, SUVs, EVs Drive Demand

Passenger vehicle sales are projected to grow by 1%-4% in FY26, supported by SUV demand and EV launches. Despite tax reliefs and a repo rate cut, entry-level car sales remain sluggish due to affordability issues.

Passenger Vehicle Sales Expected to See Modest Growth in FY26

Passenger vehicle sales in FY26 are expected to grow in low single digits due to a high base effect, with demand largely driven by sport-utility vehicles (SUVs) and new electric vehicle (EV) launches.

However, sales of entry-level cars are likely to remain sluggish as affordability concerns persist. According to automakers’ projections presented at an industry meeting organized by the Society of Indian Automobile Manufacturers (SIAM), the sales of cars, SUVs, and vans may rise by 1%-4% in FY26.

Although the recent repo rate cut by the central bank and income tax reliefs in the budget are expected to boost middle-class consumer spending, concerns remain regarding affordability at the entry level.

Leading Automakers Set Conservative Growth Targets

Key automakers have shared their growth estimates for FY26. Maruti Suzuki and Hyundai Motor India expect passenger vehicle sales to grow by 1%-1.5%, while Mahindra & Mahindra anticipates 1%-2% overall PV growth, with SUV sales expected to surge by 8%. Mahindra, the maker of Thar and XUV700 SUVs, aims to outperform industry growth.

Tata Motors projects 2%-4% growth, while Kia India forecasts industry expansion of 2%-3%.

An industry expert, speaking anonymously, highlighted that the growth is coming from an already high base, making even small percentage increases significant. The market, in terms of demand and supply, has stabilized, and future sales will depend on overall economic conditions.

Luxury Car Market Poised for Steady Growth

On the luxury front, BMW anticipates high-single-digit growth in FY26, contingent on policy stability, a consistent tax and regulatory framework, and increased government spending on infrastructure. Luxury car sales grew 8% in CY2024, reaching 54,000 units.

Conclusion

Leading automakers have lowered their growth projections, citing a high base effect and market stabilisation. Despite supportive economic measures like repo rate cuts and tax reliefs, mass-market expansion remains limited by stagnant first-time buyer participation. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gujarat Toolroom Share Price Hits Lower Circuit; Releases Q3 FY25 Results

Gujarat Toolroom’s share price hit the lower circuit at ₹2.34, marking a 4.88% decline (-₹0.12) on February 20, 2025 at 10:10 AM on the BSE. The stock opened at ₹2.34, with an intraday high of ₹2.43 and a low of ₹2.34.

Gujarat Toolroom Q3 FY25

The Quarter-on-Quarter (QoQ) comparison of Gujarat Toolroom Limited’s consolidated unaudited financial results for Q3 FY 2024-25 (ended December 31, 2024) and Q2 FY 2024-25 (ended September 30, 2024) shows a decline in performance.

The company’s revenue from operations fell from ₹27,050.76 Lakhs in Q2 to ₹23,073.77 Lakhs in Q3, indicating a decrease of ₹3,976.99 Lakhs. Additionally, the net profit dropped sharply from ₹2,678.76 Lakhs to ₹142.88 Lakhs, suggesting a significant decline in profitability.

Auditors Raise Concerns Over Financial Transparency

Auditors noted that ₹63.17 lakh worth of purchase invoices were missing, stock verification could not be conducted due to a lack of documentation, and certain agricultural goods transactions lacked proper invoices.

Additionally, financials of GTL GEMS DMCC, a subsidiary, were not audited independently but were based on management-provided data.

Gujarat Toolroom’s Four Key Business Segments

Gujarat Toolroom Ltd. operates in 4 key business segments, diversifying its revenue streams across different industries.

These segments include Construction Material, Rough Diamonds & Gold, Agricultural Products, and Others (Fabrics, Shares Trading, Pharma, etc.). Among these, Rough Diamonds & Gold is the most significant revenue driver.

Conclusion

Gujarat Toolroom Ltd’s Q3 FY25 results reflect a challenging financial quarter, with a notable decline in revenue and net profit, triggering a sharp sell-off and hitting the lower circuit at ₹2.34.

The auditors’ concerns over missing invoices, stock verification issues, and unaudited subsidiary financials have further raised red flags for investors.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Servotech Share Price in Focus; Partners with Watt & Well to Develop EV Charger Components in India

Servotech has teamed up with Watt & Well to design and manufacture EV charger components in India. The partnership will focus on producing a 30kW Power Module and assess V2G tech for the Indian market.

Develop, Manufacture, and Sell EV Charger Components in India

Servotech Renewable Power System, a prominent provider of sustainable energy solutions in India, has signed a strategic agreement with France-based company Watt & Well SAS.

The partnership aims to develop, manufacture, and sell EV charger components in India, starting with the production of a 30kW Power Module specifically designed for the Indian electric vehicle (EV) market.

The collaboration will also explore the potential for producing a Bidirectional Power Module for Vehicle-to-Grid (V2G) applications. As part of the agreement, Servotech will manufacture these Power Modules locally in India, aligning with the country’s Make in India initiative, while Watt & Well will provide full technical support. Servotech will hold exclusive marketing and sales rights for these components in India.

Reduce India’s Dependence on Imported EV Technology

Raman Bhatia, Founder and Managing Director of Servotech Renewable Power System Ltd, expressed his excitement about the collaboration, highlighting that it would enable the company to scale up manufacturing of innovative and cost-effective EV charging solutions.

The partnership also reduces India’s dependence on imported Electric Vehicle technology, positioning the country as a key player in the global EV charger supply chain.

Benoit Schmitt, CEO of Watt & Well SAS, welcomed the collaboration, confident that their expertise in power electronics will significantly benefit the rapidly expanding Indian EV market.

About Watt & Well SAS

Watt & Well specializes in the design, manufacture, and marketing of high-performance power electronics solutions, particularly for e-mobility, energy, oil & gas, and aerospace industries. They focus on innovation and product reliability.

Share Price Performance

Servotech Renewable Power System Limited’s share price stood at ₹121.88, reflecting a gain of ₹0.55 or 0.45% at 9:50 AM on the NSE from its previous close of ₹121.33.

The stock opened higher at ₹124.78 and reached a high of ₹126.97 during the session, with the low recorded at ₹120.50. Despite the fluctuations, the stock is currently trading closer to the high of the day.

Conclusion

This collaboration is poised to enhance local manufacturing of advanced EV charger components, with a focus on developing cost-effective and innovative solutions for the rapidly growing Indian market.

With Servotech holding exclusive marketing rights and leveraging the Make in India initiative, the alliance is well-positioned to make an impact on the electric vehicle charging sector, both locally and globally.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

ONGC Share Price in Focus; Looks for Partners to Develop Very Large Ethane Carriers

India’s Oil and Natural Gas Corp ONGC plans to enter the ethane carrier business by partnering with firms to build VLECs for its western India petrochemical plant. The company aims to source 800,000 tons of ethane annually starting in 2028.

ONGC Explores Joint Ventures to Secure Ethane Supply

India’s Oil and Natural Gas Corp (ONGC) is exploring joint venture opportunities to enter the very large ethane carriers (VLECs) sector, with the goal of transporting feedstock to its petrochemical plant located in western India, as per news reports.

According to a document posted on the company’s website, ONGC Petro additions Ltd (OPaL), a subsidiary of ONGC, currently operates a dual feed cracker and plans to secure 800,000 tons per year (tpy) of ethane to ensure a steady feedstock supply for the plant starting in May 2028.

ONGC to Control Ethane Delivery and VLEC Leasing Following JV

ONGC is actively seeking a partnership with companies that have expertise in operating and managing VLECs, very large gas carriers (VLGCs), and liquefied natural gas carriers (LNGCs) in the global market.

The joint venture will work on securing both local and international funding and select shipyards for the construction of these VLECs. ONGC will handle the shipping of the ethane and the chartering of the VLECs once the proposed joint venture is established.

The last date for submitting interest in the partnership opportunity is March 27.

Share Price Performance

Oil & Natural Gas Corporation Limited (ONGC) saw its share price reach ₹238.95, reflecting a modest gain of ₹0.65 or 0.27% at 9:30 AM on the NSE from the previous close of ₹238.30. The stock opened at ₹236.80 and hit a high of ₹239.15 during the session, with the low recorded at ₹236.50.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.