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๐งพ The Curious Case of Unused Billions in India In June 2024, SEBI ordered Jane Street to return โน4,843 crore earned via alleged Nifty expiry manipulation. But even if recovered, the money wonโt go to investorsโitโll sit in SEBIโs Investor Protection and Education Fund (IPEF), which remains vastly underused. As of March 2024: ๐ฐ IPEF corpus: โน533 crore ๐ Spent in FY24: โน2.8 crore Indiaโs financial system holds vast idle sums: ๐ฆ RBIโs DEA Fund โ โน35,000+ crore from unclaimed deposits; most people unaware. ๐ Stock Exchange IPFs โ NSE: โน2,700+ crore, BSE: โน127 crore; <5% used. ๐๏ธ EPF/ESIC โ Crores unclaimed due to dormant accounts and surplus. ๐งพ Tax Refunds โ Billions stuck in TDS mismatches or outdated filings. These funds were meant to protect citizensโbut end up unused due to poor awareness and red tape. Whether Jane Street fines or forgotten accounts, public money remains frozen.
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Medialย โขย 8m
lndia's startup scene is booming with over 157,000 startups and billions in funding, but here's the reality check over 5,000 startups shut down in 2024 alone, with Maharashtra leading at 929 closures. Despite a 6.5% funding dip in 2024, investments s
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๐ 2024 In Review: Indiaโs Startup Ecosystem Flourishing Despite Challenges ๐ฎ๐ณ ๐ฆ Unicorn Club of 2024: Six New Additions This year, six startups crossed the coveted $1 billion valuation mark, bringing India's total unicorn count to 118. Together
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Dexter Capital Advisorsย โขย 4m
I am asking this to Ola Electricโs 17 lakh shareholders: Do you even know why the founder is back to raising money mere 9 months after IPO, when 52% of the money he had raised remains untouched? I have the answer that no analyst or media is telling
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Medialย โขย 10m
Top News of the Day: 1. Indian audio platform Kuku FM, backed by Vertex Ventures, recently underwent a restructuring exercise affecting approximately 300 employees. 2. Honasa Consumer slips into Rs 19 crore loss on restructuring; operating revenue
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Kiyosakiโs Bold Bitcoin Predictions: Did They Hit the Mark? Robert Kiyosaki, author of Rich Dad Poor Dad and a well-known financial commentator, made waves with his ambitious Bitcoin predictions throughout 2024. While some of his forecasts remain un
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Dexter Capital Advisorsย โขย 1d
In December, I wrote an open letter on LinkedIn to our new RBI Governor, Sanjay Malhotra. And, this post is to thank him - Genuine praiseworthy action โค๏ธ .. My open letter was penned just a day after Sanjay Sir took over as RBI Governor. - And, m
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Set2Scoreย โขย 3m
๐๐ผ๐ ๐๐ต๐ฒ ๐ฆ๐ฒ๐บ๐ถ๐ฐ๐ผ๐ป๐ฑ๐๐ฐ๐๐ผ๐ฟ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐๐ฎ๐ป ๐๐ฒ ๐ฎ ๐๐ถ๐ด ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ณ๐ผ๐ฟ ๐๐ป๐ฑ๐ถ๐ฎ'๐ ๐๐ฐ๐ผ๐ป๐ผ๐บ๐ ? Global semiconductor market projected to reach $1 trillion by 2030 from $600 billion in 2024 Indiaโs semic
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Medialย โขย 1y
Top News of the Day: 1. OpenAI to become for-profit firm, Altman to get 7% stake 2. NASA and SpaceX postponed the launch of Crew-9 mission to September 28 due to Tropical Storm Helene. 3. Furniture Rental Startup RentoMojo To Suit Up For IPO In T
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