India Among Top 3 Source Markets for Singapore Tourism in 2024: 1.2 Million Visitors Recorded

Singapore has witnessed a strong resurgence in international tourism, with India emerging as one of its top three source markets in 2024. According to the Singapore Tourism Board (STB), 1.2 million Indian visitors travelled to the city-state this year, reaffirming India’s importance in Singapore’s tourism landscape.

China remained the top source market with 3.08 million arrivals, followed by Indonesia with 2.49 million arrivals, and India in third place. The increase in visitor numbers highlights India’s growing outbound travel trend, with Singapore being a preferred destination for both leisure and business travellers.

International Tourism Rebounds Strongly

The overall tourism sector in Singapore saw a remarkable recovery, with 16.5 million international visitors in 2024, marking a 21% year-on-year (YoY) growth. However, despite the surge, total arrivals still remained below the pre-pandemic high of 19.1 million in 2019.

Apart from India, other key markets such as Japan, Taiwan, the United Kingdom, and the United States also recorded strong YoY growth, demonstrating a global revival in travel demand.

Surge in Tourism Receipts: Economic Impact

Tourism receipts for 2024 are projected to range between ₹1,765.31 crore (SGD 27.5 billion) and ₹1,861.82 crore (SGD 29 billion). By September 2024, Singapore had already recorded ₹1,437.96 crore (SGD 22.4 billion) in tourism revenue, reflecting a 10% increase from the same period in 2023.

This increase in spending can be attributed to a rise in leisure and business travel, with tourists contributing significantly to sectors such as accommodation, retail, food & beverage, and entertainment.

Events and Attractions Driving Tourism Growth

Singapore’s tourism board credits this robust performance to multiple factors, including:

  • Refreshed tourism offerings with innovative attractions and upgraded experiences.
  • Strategic collaborations with global travel and hospitality brands.
  • High-profile concerts and events, such as performances by Coldplay, Ed Sheeran, and Taylor Swift, which attracted large international audiences.

These large-scale events not only boosted tourism arrivals but also had a positive economic spillover effect on sectors like retail, dining, and hospitality, reinforcing Singapore’s appeal as a global travel hub.

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

7th Pay Commission vs 8th Pay Commission: Projected Salary Revisions for Government Employees

The announcement of the 8th Pay Commission by Prime Minister Narendra Modi has sparked widespread interest among central government employees. With the 7th Pay Commission set to conclude on December 31, 2026, the formation of the 8th Pay Commission marks a significant step towards revising salaries and pensions. This blog delves into the potential salary revisions under three projected fitment factors: 2.08, 2.28, and 2.57, for employees with basic pays of ₹18,000, ₹29,200, and ₹44,900.

Understanding Pay Commissions

Pay commissions are constituted to review and revise the salaries, allowances, and pensions of central government employees. These revisions are based on a key multiplier known as the fitment factor, which determines the increase in basic pay. While the central government sets the precedent, state governments often follow suit to adjust their employees’ salaries accordingly.

The Role of the Fitment Factor

The fitment factor is a crucial element in calculating revised salaries and pensions. It is multiplied by the existing basic pay to determine the new salary structure. For instance, a fitment factor of 2.57 means the basic pay will increase by 2.57 times its current value.

Salary Revisions Without a Pay Commission

Even in the absence of a pay commission, central government employees experience salary increments through the dearness allowance (DA). When the DA reaches 50% of the basic pay, it merges with the basic salary, effectively increasing the overall pay. This mechanism ensures periodic salary revisions, independent of pay commission recommendations.

The 7th Pay Commission: A Recap

The 7th Pay Commission, implemented in 2016, introduced a fitment factor of 2.57. This resulted in a significant hike in basic salaries and pensions for central government employees. The commission’s recommendations have been in effect for nearly a decade, making the announcement of the 8th Pay Commission a highly anticipated development.

The 8th Pay Commission: What to Expect

While the 8th Pay Commission has been announced, its recommendations are yet to be finalised. The commission’s formation, appointment of members, and submission of reports will take time, with the entire process likely extending beyond a year. Speculations suggest potential fitment factors of 1.92, 2.08, 2.28, or 2.57.

Projected Salary Revisions Under Different Fitment Factors

Below, we explore the projected salary revisions for employees with basic pays of ₹18,000, ₹29,200, and ₹44,900 under three fitment factors: 2.08, 2.28, and 2.57.

1. Revised Salary for ₹18,000 Basic Pay

  • Fitment Factor 2.08: ₹37,440
  • Fitment Factor 2.28: ₹41,040
  • Fitment Factor 2.57: ₹46,260

2. Revised Salary for ₹29,200 Basic Pay

  • Fitment Factor 2.08: ₹60,736
  • Fitment Factor 2.28: ₹66,576
  • Fitment Factor 2.57: ₹75,044

3. Revised Salary for ₹44,900 Basic Pay

  • Fitment Factor 2.08: ₹93,392
  • Fitment Factor 2.28: ₹1,02,372
  • Fitment Factor 2.57: ₹1,15,393

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

National Manufacturing Mission to Boost “Make in India” Across Small, Medium, and Large Industries

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced a National Manufacturing Mission to strengthen India’s manufacturing capabilities. The initiative aims to provide a structured policy framework, execution roadmap, governance model, and monitoring system for both central ministries and state governments. This mission is expected to enhance industrial growth across small, medium, and large enterprises, reinforcing the “Make in India” vision.

Key Objectives of the National Manufacturing Mission

The National Manufacturing Mission is built on 5 core pillars to accelerate industrial progress:

  1. Ease and Cost of Doing Business – Reducing regulatory bottlenecks and streamlining business processes.
  2. Future-Ready Workforce – Developing skills aligned with evolving industry demands.
  3. MSME Growth – Strengthening micro, small, and medium enterprises to foster innovation and economic growth.
  4. Technology Adoption – Encouraging investment in advanced manufacturing technologies.
  5. Quality and Standardisation – Ensuring global competitiveness through superior product quality.

Additionally, the mission will provide strategic support for Clean Tech manufacturing, boosting domestic value addition in sectors such as solar PV cells, electric vehicle (EV) batteries, motors and controllers, electrolyzers, wind turbines, high-voltage transmission equipment, and grid-scale batteries.

Focus Product Scheme for the Footwear & Leather Sector

Recognising the potential of labour-intensive industries, the government has introduced a Focus Product Scheme to enhance productivity, quality, and global competitiveness in India’s footwear and leather industry.

Key Features of the Scheme:

  • Support for Non-Leather & Leather Footwear – The initiative will boost component manufacturing, design capabilities, and machinery production.
  • Employment Generation – The scheme is expected to create 22 lakh jobs.
  • Economic Impact – Projected turnover of ₹4 lakh crore and exports exceeding ₹1.1 lakh crore.

This initiative aims to make India a leading manufacturer in the global footwear and leather industry.

National Action Plan for Toys – Aiming for Global Leadership

To position India as a global hub for toy manufacturing, the government has announced a National Action Plan for Toys.

Key Focus Areas:

  • Cluster Development – Establishing dedicated toy manufacturing zones.
  • Skill Enhancement – Training and upskilling workers to meet global quality standards.
  • Manufacturing Ecosystem – Encouraging the production of unique, innovative, and sustainable toys under the ‘Made in India’ brand.

The initiative aligns with India’s push for self-reliance (Atmanirbhar Bharat) and aims to reduce dependence on imports while promoting domestic toy manufacturers.

Strengthening the Food Processing Sector

The Union Budget 2025-26 also prioritises food processing as part of the broader economic strategy. A National Institute of Food Technology, Entrepreneurship and Management will be established in Bihar, focusing on:

  • Enhancing agricultural value addition to increase farmer incomes.
  • Promoting skill development and entrepreneurship in food processing.
  • Providing employment opportunities in the eastern region under the ‘Purvodaya’ initiative.

This move is expected to boost food processing activities and create a stronger ecosystem for agribusiness.

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

1 in 5 Indian Homes Invest in Stocks; ₹40 Lakh Crore Added to Household Wealth in 5 Years: NSE

The Indian stock market has seen an unprecedented rise in retail participation, with every fifth home now directly or indirectly linked to equities. According to a recent report by the National Stock Exchange (NSE), the number of stock market-linked accounts has exceeded 21 crore, with more than 18 crore demat accounts. This signifies a paradigm shift in how Indian households are embracing equity investments as a key component of wealth creation.

Record-Breaking Investor Growth in 2024

The year 2024 witnessed a record-breaking influx of new investors, with 2.32 crore individuals joining the stock market—the highest-ever in a single year. This surge underscores the growing financial literacy and accessibility of stock investments, driven by technology, regulatory reforms, and widespread internet penetration.

Market Capitalisation Surges Sixfold in a Decade

Over the past 10 years, the market capitalisation of listed Indian companies has expanded sixfold, reflecting strong corporate earnings growth, structural reforms, and increased retail participation. This expansion has played a crucial role in boosting household wealth, with ₹40 lakh crore (US$ 459.24 billion) added over five years and ₹13.2 lakh crore (US$ 151.55 billion) in 2024 alone.

Retail Investors Gain Influence in Indian Equities

As of September 2024, individual investors collectively hold 17.6% of the Indian stock market, nearing the ownership levels of foreign portfolio investors (FPIs). This is a remarkable shift, as FPIs traditionally dominated Indian equities. However, despite periodic foreign fund withdrawals, domestic inflows have provided market stability and reduced reliance on foreign capital.

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

Top 5 International Mutual Funds Based on 5-Year CAGR

International mutual funds invest in global equities and fixed-income securities, allowing investors to diversify beyond domestic markets. They help mitigate country-specific risks and provide exposure to global economic growth.

With the rupee depreciating over time, investing in international funds can also provide a hedge against currency risk. Moreover, they allow investors to capitalise on opportunities in different economies and sectors, which may not be available in the Indian stock market.

Top 5 Best Performing International Mutual Funds

Here are the best-performing international mutual funds based on their 5-year CAGR (Compounded Annual Growth Rate): 

Mutual Fund Scheme Name Fund Size ₹ in Cr 5-year CAGR
PGIM India Global Equity Opportunities Fund 1,349 16.88%
Franklin India Feeder Franklin US Opportunities Fund 3,749 16.84%
ICICI Prudential US Bluechip Equity Fund 3,228 15.25%
Aditya Birla Sun Life Global Emerging Opportunities Fund 244 13.83%
Edelweiss Europe Dynamic Equity Offshore Fund 74 11.43%

Impact of TCS Changes on International Investments

The recent announcement by Finance Minister Nirmala Sitharaman regarding the increase in the threshold for tax collected at source (TCS) on remittances under the RBI’s Liberalised Remittance Scheme (LRS) from ₹7 lakh to ₹10 lakh is expected to ease the tax burden on investors.

While this does not affect mutual fund returns directly, it makes investing in international markets slightly more convenient for Indian investors, reducing the upfront tax outflow.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

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. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

How Soon Can You Build Over ₹1.5 Crore Corpus with SIP of ₹5,000, ₹7,500, and ₹10,000?

Building wealth through Systematic Investment Plans (SIPs) is a disciplined approach that offers the power of compounding over time. But how long does it take to accumulate over ₹1.5 crore corpus with different monthly investments?

We break it down into three scenarios—investing ₹5,000, ₹7,500, and ₹10,000 per month—assuming an estimated annual return of around 12%. Let’s explore how time and contributions impact wealth creation. The calculations were done using a calculator. 

Scenario 1: SIP of ₹5,000 – Reaching ₹1.5 Crore in 29 Years

For those investing ₹5,000 per month, patience is key. It takes approximately 29 years to build a corpus of ₹1.56 crore. Here’s how the numbers stack up:

  • Total Invested Amount: ₹17,40,000
  • Estimated Returns: ₹1,38,66,258
  • Total Corpus After 29 Years: ₹1,56,06,258

Key Takeaway: Even with a modest SIP, long-term investing can yield significant wealth. However, the journey is lengthy, and increasing contributions could accelerate wealth accumulation.

Scenario 2: SIP of ₹7,500 – Reaching ₹1.5 Crore in 26 Years

Increasing the SIP to ₹7,500 per month speeds up the journey. It takes 26 years to reach a corpus of ₹1.61 crore.

  • Total Invested Amount: ₹23,40,000
  • Estimated Returns: ₹1,37,93,340
  • Total Corpus After 26 Years: ₹1,61,33,340

Key Takeaway: A slightly higher investment reduces the timeframe while maintaining a similar proportion of returns. Increasing SIPs gradually can make a huge difference.

Scenario 3: SIP of ₹10,000 – Reaching ₹1.67 Crore in 24 Years

With a ₹10,000 monthly SIP, the goal is achieved even faster—24 years to build a corpus of ₹1.67 crore.

  • Total Invested Amount: ₹28,80,000
  • Estimated Returns: ₹1,38,46,872
  • Total Corpus After 24 Years: ₹1,67,26,872

Key Takeaway: Investing a higher amount significantly reduces the time to reach financial goals. If one has the capacity, starting with a higher SIP or increasing it periodically can yield faster results.

Conclusion: The Power of Compounding and Time

The key takeaway from these scenarios is the power of long-term investing and compounding. While the returns remain consistent, starting early and investing more can help achieve financial goals much faster.

  • If you start early, even small investments grow exponentially over time.
  • If you can increase contributions, your wealth-building journey accelerates significantly.

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. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

SEBI Approves IPOs of Eight Companies, Including Brigade Hotel Ventures

The Securities and Exchange Board of India (SEBI) has approved the initial public offerings (IPOs) of eight companies, including defence equipment manufacturer SMPP Ltd, Aditya Infotech Ltd, Brigade Hotel Ventures Ltd, Kumar Arch Tech Ltd, Solarworld Energy Solutions Ltd, Indogulf Cropsciences Ltd, Globe Civil Projects Ltd, and Prostarm Info Systems Ltd.

Key Details of the IPOs

Together, these companies plan to raise over ₹7,800 crore through their public offerings, with their shares set to be listed on both the BSE and NSE. Notably, auto component maker Viney Corp. withdrew its draft IPO papers on January 27 without providing a reason.

SMPP Ltd

SMPP Ltd’s ₹4,000 crore IPO consists of a fresh issue of ₹580 crore and an offer-for-sale (OFS) of ₹3,420 crore by its promoter, Shiv Chand Kansal, who currently holds a 50% stake in the company. 

The funds from the fresh issue will primarily be used for capital expenditure of ₹437.04 crore, which includes building construction, land development, and procurement of machinery for an ammunition manufacturing facility via a subsidiary. The remaining funds will be allocated for general corporate purposes.

Aditya Infotech Ltd

Aditya Infotech’s IPO includes a fresh issue of ₹500 crore and an OFS of ₹800 crore by promoters. Of the fresh issue proceeds, ₹375 crore will be used to repay debt, while the remaining funds will be utilised for general corporate purposes.

Brigade Hotel Ventures Ltd

Brigade Hotel Ventures aims to raise ₹900 crore through a fresh issue of shares. The proceeds will be used for debt repayment (₹481 crore), funding for the company (₹412 crore) and its subsidiary SRP Prosperita Hotel Ventures Ltd. (₹69 crore).

Additionally, ₹107.52 crore will be spent on purchasing an undivided share of land from the promoter, BEL, while the remaining funds will be used for acquisitions and strategic initiatives.

Kumar Arch Tech Ltd

Kumar Arch Tech’s IPO comprises a fresh issue of ₹240 crore and an OFS of ₹500 crore by promoters. The company plans to invest ₹182.09 crore in its subsidiary, Taylias Industry Pvt., to finance capital expenditure for a greenfield project.

Solarworld Energy Solutions Ltd

The IPO of Solarworld Energy Solutions consists of a fresh issue of ₹550 crore and an OFS of ₹50 crore.

Indogulf Cropsciences Ltd

Indogulf Cropsciences seeks to raise ₹200 crore through a fresh issue of shares, alongside an OFS of up to 38.55 lakh shares by selling shareholders. If the placement is completed, the fresh issue size will be reduced. The Delhi-based firm plans to utilise proceeds for working capital, debt repayment, setting up a dry flowable plant in Haryana, and general corporate purposes.

Globe Civil Projects Ltd

Globe Civil Projects’ IPO is a fresh issue of 1.9 crore equity shares with no OFS. The proceeds will be allocated for working capital, equipment purchases, and general corporate expenses.

Prostarm Info Systems Ltd

Prostarm Info Systems’ IPO will be a fresh issue of 1.6 crore shares. The Maharashtra-based power solutions firm plans to use the funds for working capital, debt repayment, acquiring a further stake in a subsidiary to make it wholly owned, inorganic growth, and general corporate purposes.

Conclusion

SEBI’s approval of these 8 IPOs highlights the increasing activity in India’s primary markets. With these firms collectively targeting over ₹7,800 crore

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. 

Hero MotoCorp Hit with ₹456 Crore GST Penalty

Hero MotoCorp received two orders from Rajasthan’s CGST authorities, the larger demand imposing a substantial penalty related to the alleged misclassification of supplied parts and accessories leading to a dispute over applicable tax rates. 

GST Demand Notices Issued to Hero MotoCorp

Hero MotoCorp has received two tax demand orders from the Additional Commissioner of Central Goods and Services Tax (CGST), Alwar, Rajasthan. These orders impose substantial penalties under Section 74 of the CGST Act, 2017.

The primary issue concerns the tax classification of certain parts and accessories supplied by the company, with authorities disputing the applicable tax rates. One order demands ₹456.06 crore in penalties along with an equivalent GST amount and interest. The second order imposes a penalty of ₹8.5 crore for after-sales parts supplied.

Dispute Over Tax Classification

Hero MotoCorp argues that it has correctly classified its products based on the General Rules of Interpretation (GRI Rules), chapter notes and HSN (Harmonized System of Nomenclature) explanatory notes. These classifications are supported by several Supreme Court judgments. 

However, the tax department has challenged this classification, asserting that different tax rates should apply. 

Company’s Response and Legal Action  

In response to these tax demands, Hero MotoCorp plans to take legal action by filing appeals with the appropriate authorities. The company is confident that it has a strong case and will follow due process to challenge the tax orders.

 

It believes that the demand doesn’t have a strong legal basis and expects a positive outcome through the appeals process.

Impact on Business and Financials

Despite the significant amount involved, Hero MotoCorp asserts that these tax demands will not materially impact its financial position or day-to-day operations. The company remains committed to maintaining smooth business activities while addressing legal challenges. By pursuing legal remedies, Hero MotoCorp aims to resolve the matter without affecting its overall performance.

Hero MotoCorp Share Performance 

As of February 05, 2025, at 11:10 AM, the shares of Hero MotoCorp are trading at ₹4,240 per share, up 0.068% from yesterday’s closing price. Over the last month, the stock has risen by 0.89% and over the last year, it has surged by 1.33%. The stock has a 52-week high and 52-week low of ₹6,246.25 per share and ₹3,997.50 per share respectively.

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.

NLC India Secures Third Commercial Coal Mine in Odisha

NLC India Limited, a Navratna public sector enterprise, has successfully acquired its third commercial coal mine, the New Patrapara South Coal Mine in Angul, Odisha. This achievement follows a competitive e-auction process conducted by the Ministry of Coal. The official vesting order was issued on February 4, 2025, marking a significant milestone in the company’s ambitious mining expansion plans.

Successful Acquisition of New Patrapara South Coal Mine

The e-auction for the New Patrapara South Coal Mine was held on November 21, 2024, where NLC India Limited emerged as the highest bidder. Following this, the company signed the Coal Mine Development and Production Agreement (CMDPA) with the Ministry of Coal’s Nominated Authority on December 5, 2024.

The vesting order was formally handed over at a ceremony held at Shastri Bhavan, New Delhi, solidifying NLCIL’s commitment to increasing its coal production capacity.

Expansion and Future Commitments

The New Patrapara South Coal Mine boasts an estimated geological reserve of approximately 720.87 million tonnes, with a peak-rated capacity of 12 million tonnes per annum. With this acquisition, NLCIL has surpassed the 100 million tonnes mining capacity mark, aligning with its Corporate Plan 2030. This strategic expansion underscores the company’s dedication to securing energy resources and enhancing its role in India’s energy sector.

NLC India Share Performance

As of February 05, 2025, at 2:45 PM, the shares of NLC India Ltd are trading at ₹224.73 per share, reflecting a decline of 1.31% from its previous day’s closing price. 

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.

Jammu and Kashmir Bank Shares Dip Amidst ₹16,000 Crore GST Notice

Jammu and Kashmir Bank witnessed a decline in its share price during Wednesday’s trading session following the receipt of a significant ₹16,000 crore GST demand. The notice, issued by the Joint Commissioner of Central GST Commissionerate, Jammu, includes both tax liability and a penalty amount.

Market Reaction to the GST Notice

The bank has received a demand notice dated February 4, 2025, outlining GST liability of ₹8,130 crore along with an equal penalty of ₹8,130 crore. Despite the magnitude of the demand, the bank has clarified in a regulatory filing that the notice will not have any material impact on its financial position, operations, or overall business activities.

Financial Performance and Outlook

The bank also reported financial results for the December 2024 quarter. It recorded a 26% year-on-year rise in net profit, reaching ₹532 crore. Additionally, the net interest margin improved to 4.04%, reflecting a 14-basis-point increase sequentially.

J&K Bank Share Performance

As of February 05, 2025, at 2:30 PM, the shares of J&K Bank are trading at ₹101.30 per share, reflecting a decline of 2.12% from its previous day’s closing price. While over the month, the stock has surged over 3%. The stock has a 52-week high and low of ₹152.50 and ₹86.61 per share respectively

Conclusion

Jammu and Kashmir Bank’s stock experienced volatility following the GST notice but managed to recover some losses. While the bank maintains that the order will not materially affect its business, market participants remain watchful of further developments.

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.