Why we are obsessed with money

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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What a way to exist!

For most of us, practically the whole day all we are thinking is about money and more specifically how to have more money!

As if money was the only thing in life. Unfortunately for most of us, circumstances just do not permit any other thought!

We are running behind money most of the time which is almost akin to have become obsessed with money. Everything that we are doing in life is centred around money.

Unfortunately, this is because we need money for anything and everything that we do. There’s nothing wrong and what are you doing, however the problem is that over time, it becomes a compulsive habit to keep earning more.

That’s where the danger is. The problem is that there is a point where from we chase money as an addiction, we chase money because we like to do so. If we did not chase money we would not know what to chase now because we get out identity from money and the amount of money we have.

Another thing is that right from childhood we are always taught and our minds are conditioned that everything that we are doing is going to be for the sake of earning money.

There is no one who told you that money is just a means, and then there is something greater in life to achieve. Some examples are legacy; building something, charity; to giving something / helping someone, passion; pursuing something and living; simply to enjoy life and your money

We have got addicted to this and how!

There are three reasons for this:

First, we are what we do. It is the human behaviour. I know I should exercise and I don’t. I know I should eat healthy and I don’t. I know I should spend time with my kids and I don’t. I know that, yes, money isn’t going to make me happy and I still keep trying to make money.

We live by the laws of inertia, in a pattern which is hard to break. But we have to break it. For ourselves and for the sake of people and reasons for which we are chasing money.

Secondly, we need signals of progress. Money is a measure of how far you have progressed in life. The more the money you have the more you can make sure your progress. It’s simply the logic of evolution. People need validation of their success. Bigger house, bigger car, branded goods and list goes on.

Thirdly, it’s the easy way out. It’s only human to avoid difficult things. Important things are very difficult to measure.  Have I been a good father or husband? Have I groomed my child well?  Such things take years to measure and we still don’t have answers.

So, should we not be focused on creating money for ourselves?

I’m not saying that. Definitely create. Take care of yourself for sure!! Use it to the maximum to make yourself happy!!! You need a certain amount and beyond that is extra.

The definition of their certain amount is naturally different from one person to another. If that extra is going to happen easily, without stress and without your involvement, then its fine. Basically don’t kill yourself for that extra. Be Smart.

Kartik Jhaveri is an expert at planning money, life and aspirations. He is a certified financial planner, wealth manager and financial freedom coach.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

How the RBI actually helps you

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Most of us in Mumbai, see this huge structure called the Reserve Bank of India and wonder what it really does. It’s also a tourist attraction!! It has so many other offices and again one wonders why they need to have so many offices. I’m going to try and highlight a very interesting part of RBI’s work and how it helps us directly on a day-to-day basis.

The RBI does a review of the monetary policy of the country at frequent intervals during the year. So how does the monetary policy help us investors to take smart decisions?

Monetary policy is a tool by which the RBI decides to raise interest rates or reduce interest rates or keep them steady.

In our country, as we’re an oil importing nation, this decision is very closely linked to Oil. Oil to a large extent contributes to inflation. We all know what happens when inflation keeps rising. We in India unfortunately do not see too much of inflation falling and things becoming cheaper.

Oil is Not Well

So when oil prices rise i.e. we see a rise in crude oil prices almost instantly we can expect rising food prices. This is because there is going to be a rising cost pressure for manufacturing & services. This rise obviously gets passed onto the retail consumers.

When this happens RBI adopts a hawkish stance, tries to pull money out of the system by raising interest rates. Now when interest rates rise no one seems to be interested in borrowing. This immediately puts a brakes on money circulation.  Less money chasing goods decreases the demand for money. This way it controls inflation.

There is yet another tool that the RBI has and that is known as the CRR or the cash reserve ratio.  This ratio in simple words means the amount of cash that the bank must maintain with the RBI as the percentage of the total assets. So when this increases banks are forced to park more with the RBI and this is also a way to control inflation.

On the other hand when things look dull, when there is a recession of sorts, the RBI comes to the rescue and gets into action to kickstart growth in the country. It does this by lowering the interest rates. This we all will understand quite easily because we see a direct benefit of this happening. We see a fall of interest outgo in our EMI’s for the home loan that we are carrying. New loans become cheaper.

Individuals are motivated to go out and make purchases, whether it is for a washing machine or a piece of real estate. Businesses are motivated to go out and borrow to buy more machinery, to expand capacity, to hire more staff and manpower and basically do everything that will add to the growth of business.

Economic growth results as a result of all this. It is also during this time that stock market rises, we see a rally in stock prices and mutual fund NAV’s jumping higher and higher each day. There is prosperity all around.

Critical Role

As you can see that the central bank of the country has a very very important role to play.  If it makes a mistake, things can go really wrong.  Imagine like the USA or Japan if our interest rates were very low; everyone would run to borrow, they would borrow more than they require because it would be cheap and easy to borrow. And that is very individuals would run into what is known as the debt trap, because someday you’ll have to pay back.

Each day the central bank attempts to make sure that everything in our country remains stable and financially there’s nothing that goes wrong dramatically.

Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager & Financial Freedom Coach.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

The year of the bond, once again!

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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We are not talking of James Bond, we are talking of investment bonds.

We are in a situation where the fixed deposit rates are at a general low and there is a lot of discontent among depositors of fixed deposits.

Whenever we see a situation like this, one way or the other, the bond markets come to the rescue. It comes to the rescue of smart depositors, who are agile to move their money from fixed deposits to bond funds.

Let’s understand what is happening and why.

What Exactly is Happening in the Bond Markets?

It is likely that in this year, investors of bond funds will make handsome gains. Bond prices may rise and there may be capital gains. Investors of bond funds not only earn the rate of interest, but also earn capital gains. So that way, they make more than the return they would make on fixed deposits. The returns could be a high single digit or sometimes as high as double digits.

Over three years, this will become practically tax free or the tax would be a very small amount. So, basically, I am thinking that a rally will happen in the bond market. There are three main reasons for this — reduction in government borrowing (which is favourable), recovery of trading losses (which is favourable) and no change in monetary policy (which is neutral).

A word of caution, however, that such bond market investments are also subject to bond-market volatility and should be considered ideally with the help of a financial expert.

Before proceeding further, let us, therefore, quickly explain a bond, bond fund and bond market. We need to do this because few people understand the bond markets and even fewer invest in the bond markets.

Bond is nothing, but a commercial transaction where the borrower is issuing a bond to the lender and the lender will earn a certain rate of interest. When interest rates fall, everyone becomes interested in owning that bond.

As a result, the demand for the bond increases, the price of the bond increases and the bondholder makes capital gains.

A bond fund is a fund where ordinary investors pool in their money and a fund manager buys them a portfolio of bonds.

Moving onto the Reasons For a Rally in Bond Funds…

Now, the fundamental reason for a rally is reduction in interest rates as it stimulates economy and growth.

Firstly, the government is a massive borrower of funds. So a reduction in government borrowing reduces the demand for money in the economy. As a result, prices of bonds rise and this contributes to capital gains for bond holders.

Secondly, the Reserve Bank of India (RBI) recently announced that the commercial banks and RBI, which are the largest lenders to the government, will have another year to offset losses they have incurred on account of buying government bonds in the past. This action will lead to a rise in the price of bonds and this contributes to capital gains for bond holders.

Lastly, on one side due to the rise in oil prices, there is more inflation and thus more money is needed for circulation in the economy. On the other side, many government bonds are maturing, which will provide money supply. So, it is likely that we see a neutralising effect and thus RBI will take no action. This inaction here will support capital gains as explained above. Hence, this year might be a year of good gains for the bond investors.

Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager & Financial Freedom Coach.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Five new financial goals for you this summer

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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I am going to try and explain to you why the summer holidays of April and May are great months to get a lot of things started, financially speaking.

This time period in a way resets the financial clock. You also have the option to hit the reset button on everything you have done so far; financially speaking of course and hope to do better things better than you did last year.

Let’s look at some of the new and unusual things to do in April.

• Make a learning budget

Learn something about money or anything you like. The best way to make money is to learn something about money. Just like if you wanted to learn cooking you will get into the cooking class. If you wanted to learn swimming you would enrol in the swimming class. If you find learning about money is too daunting task than learn something which is close at to your heart or related to your work. If you learn something new, there’s a possibility that you will use your new ideas to generate new income and in turn that will generate new wealth for you.  So make a budget, enrol somewhere and spend that budget. How about a % of your annual income? Spend it for sure!

• Plan a unique holiday 

When you’re by yourself and without your mobile phone you will have the opportunity to think! When you have time to think, suddenly good ideas will come to your mind.  You may think this is silly but you can be sure that you will be amazed if your drivers experiment just once. So it might be a good idea to go for a holiday just by yourself. If you find that too intimidating, join a group of strangers. You can combine that with the adventures experience if you like.  Be extra careful if you’re going with your special buddies. Do this only if they are going to be in a position to help you discuss your idea and make it bigger. They must play the role of complimenting your thoughts. So make a schedule to do this holiday and obviously make a budget to make it happen. Think & create new ways of making wealth.

• Make a prediction and make it happen

Be brave. Let’s aim to grow and multiply net worth by 50% by the time you come to the end of this financial year. This is not a joke and it is easier than you can imagine.  I’m speaking about NETWORTH and I’m not talking about return on investment. If your networth is Rs. 100 today, all I’m saying is that let’s aim to make this a 150 by the end of this year. This networth comprises of all your savings till date. This can be achieved by simply saving aggressively every month for the next twelve months. Just put this into a recurring deposit or liquid fund so you don’t spend it.  We just have to prove to ourselves that this is possible. Where and how we will invest this money will think about that later.

• Eliminate a negative belief 

I want to give you an exercise here. Write down all your negative beliefs you have about money and wealth. Most people are not able to achieve the desired level of wealth because they think about wealth negatively. So even if you are earning a good amount of income you will never see yourself becoming wealthy. Examples are money causes problems, money causes a fight, managing money is complicated etc. Then for each negative thought, you have written down the positives i.e. the opposite for a few months. Soon negatively biased feelings will evaporate.

• Make a new investment; something you have not done before

Again here you do not have to be a financial expert. The idea is to learn something new. There are hundreds of investment options. Our objective here is to learn something new. Talk to your advisor and seek his or her guidance. Just a word of caution here; don’t do anything which is speculative or is something that you just can’t understand. Do what do find easy you understand and do that then.

Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager & Financial Freedom Coach.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Seeking financial freedom? The time is NOW!

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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John Lewis famously remarked, “If not now, then when? If not us, then who?” This is so appropriate in the current financial world that we live in.

That statement will leave to rest every other argument that is conservative and against the idea of wealth creation. We are often faced with the situation where there is no option but to create wealth. Read on to know why!

Interest rates are painfully low. For all those diehard fans of guaranteed investment returns, there’s hardly any place to go to. Thinking of fixed deposits? Feeling happy with 7%? And fully taxable? That period is over. Period.

That doctrine of investing into pure fixed deposits and similar instruments is unfortunately standing challenged. There is no option but to sprinkle it with a combination of a little something that will add to the returns earned from fixed income type of securities. In fact this category of investors are in a way, best placed in terms of the current tax laws.

They can earn about 9-10% with minimal or near zero tax over about five years and more. Starting to generate rate of return above the inflation level of 7% is starting to create wealth. So there it is; there is no option but to move in the direction of creating wealth.

For more evolved investors, who invest in equities and who and still sitting on the sidelines tend to run out of patience every now and then. They are sometimes waiting for the right time, sometimes waiting for correction, sometimes waiting for valuation and sometimes waiting for just nothing. Sometimes, just too busy to take action!

I totally understand not wanting to lose hard-earned money. But if the money does not move it will stagnate. That’s the problem with money.

Hit the Ground Running

Inaction and inactivity kills it. Makes it costly to hold. Makes us lose opportunities, sometimes small and sometimes significant. I know of many people including my dad, who just kept investing into equities and holding forever. No doubt they were hugely (big HUGELY) better off then the people in the same time zone. I think they could have done far better with some smart lessons on asset allocation. This is because if they compare the growth rate of their holding over a period of 20 or maybe 30 years the compounded rate of return earned is often not impressive.

It is just marginally better or a few percentage points above the fixed deposit rate. Hence the need for asset allocation, which simply put is not to have all eggs in one basket at any given point in time. These sections of investors anyways create wealth, and, asset allocation is the tool that ensures that the process of wealth creation continues uninterrupted. So again there it is; even for this section there is not option but to start enhancing their wealth creation activities, else returns will continue to remain forever mediocre.

Then there are skeptics and there is nothing much for skeptics of everything, except that they need a serious dose of financial education. Perhaps what if needed is a proof of concept and for that, which better country to live in other than India where financial transparency in investments is so high that I sometimes feel, it comes from another planet.

 Your Money Needs Action

Today, there is a whole lot of variety to choose from and we have never been more spoilt for choice. But the most important thing in all this is to understand that your money needs action. It needs activity and for that the time is now!

And furthermore, if you asked me this question 10 years ago; I would have said that, the Time is NOW. If you ask this question 10 years hence, I will still say the Time is NOW. Any time is the right time to start the process of creating wealth. All that is important is that you take your first step; then continue it all the way with zeal and determination… till you have the level of wealth that you desire. And if you accumulate more than you need, still do it and share it with the world.

If you want your financial freedom; then the Time is NOW!

Kartik Jhaveri is an expert at planning money, life and aspirations. He is a Certified Financial Planner, Wealth Manager and Financial Freedom Coach.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Young Turks: Here’s the success story of venture fund Aspada

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Venture fund Aspada was co-founded by Kartik Srivatsa and Thomas Hyland in 2012 and has made 17 investments so far across Fin-tech, agriculture, health and edu-tech startups.

Young Turks takes a look at their investment thesis, their differentiated VC model and meet three of their portfolio companies – Capital Float that underwrites unsecured loans to startups and SMEs; Dunzo, a hyper local concierge and delivery player that is also Google’s first direct startup investment in India; WayCool, a Chennai-based agriculture-tech startup.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Twitter Reactions: Kyle Mayers plays an absolute blinder as LSG get off to a flying start vs DC

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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West Indian opener Kyle Mayers scored 73 off 38 deliveries as he steered the Lucknow Super Giants (LSG) to a flying start in their first game of the ongoing Indian Premier League (IPL) season against the Delhi Capitals (DC).

The southpaw hit seven sixes and struck two boundaries as he made up for skipper KL Rahul’s early dismissal by taking the Capitals’ bowlers to the cleaners at the Arun Jaitley Stadium in New Delhi.

Interestingly, Mayers had a rather quiet powerplay as Lucknow was struck at 30/1 at the end of six overs with the 30-year-old scoring only 17 off 17 deliveries until that point in time. However, he accelerated straight from the seventh over onwards and hit multiple maximums off Mukesh Kumar, Axar Patel, and Kuldeep Yadav.

Patel eventually got the better of him by bowling him over in the 12^th over but Lucknow had already gotten to 100 till then with Mayers scoring the bulk of those runs.

Twitterati naturally went berserk at the knock and here are some of the most viral reactions to his innings.

Well played, Kyle Mayers – 73 in just 38 balls with 2 fours and 7 sixes. He put on a show at the Ekana Stadium. pic.twitter.com/MBY9MWlR75

— Mufaddal Vohra (@mufaddal_vohra) April 1, 2023

End of a crazy knock from Kyle Mayers, 73 runs from just 38 balls.

He has arrived in IPL. pic.twitter.com/kwVuPl2Txa

— Johns. (@CricCrazyJohns) April 1, 2023

At the moment, Kyle Mayers is playing on a different pitch when compared to his batting partners.

— Bharath Ramaraj (@Fancricket12) April 1, 2023

Half-century on IPL debut for Kyle Mayers 🔥🔥

He's entertaining the Lucknow crowd here with some big blows!

Follow the match ▶️ https://t.co/086EqX92dA #TATAIPL#TATAIPL | #LSGvDC pic.twitter.com/ZXtNlGMTXS

— IndianPremierLeague (@IPL) April 1, 2023

Fifty for Kyle Mayers on his IPL debut.

50* from just 28 balls, some ball striking from the man from West Indies.

— Johns. (@CricCrazyJohns) April 1, 2023

Highest score on IPL debut
(excluding inaugural season)

73 – Kyle Mayers today
58* – Owais Shah in 2010
56 – Devdutt Padikkal in 2020
55 – Ambati Rayudu in 2010#IPL2023 #LSGvDC

— Kausthub Gudipati (@kaustats) April 1, 2023

Kyle Mayers makes it to an elite #IPL list 💪💪#IPL2023 #DC #LSG #LSGvDC pic.twitter.com/6DilY9xSnb

— Cricbuzz (@cricbuzz) April 1, 2023

What a memorable IPL debut for Kyle Mayers, who hit seven sixes in his 38-ball 73 for LSG against DC! #LSGvDC #IPL2023 pic.twitter.com/TABSrP7q3O

— Wisden India (@WisdenIndia) April 1, 2023

Kyle Mayers continues his hard hitting form from South Africa to Lucknow. Incredible hitting.#LSGvDC

— Farrago Abdullah Parody (@abdullah_0mar) April 1, 2023

An exceptional batting by Kyle Mayers!
What an entertaining knock it was⚡️#LSGvDC #KyleMayers #IPL2023 #LSG pic.twitter.com/A2KqCI5Gla

— OneCricket (@OneCricketApp) April 1, 2023

An innings exhibiting pure dominance from Kyle Mayers.
73 (38) with 7 maximums in his first IPL game.

Was part of the franchise for the entire season last year but didn’t get a game but this is exactly why #LSG retained him.

Sometimes it just takes one opportunity 🙌 #LSGvDC pic.twitter.com/GV334Uv18a

— Nikhil Uttamchandani (@NikUttam) April 1, 2023

Kyle Mayers has gone ballistic after Khaleel Ahmed dropped an absolute dolly off him. Still can't believe he put that down!#IPL2023

— CricBlog ✍ (@cric_blog) April 1, 2023

Kyle Mayers is such an incredible player and can also bowl with the new ball. Unbelievable that he may still have to make way for Quinny when he comes back.

— Anuj Nitin Prabhu (@APTalksCricket) April 1, 2023

Unfortunately, we Mumbaikars won't be able to see Kyle Mayers as there is no MI vs LSG in Mumbai

— Vinesh Prabhu (@vlp1994) April 1, 2023

So, how can LSG accommodate Kyle Mayers in their next game? 🤔

— Narbavi (@Narbavi) April 1, 2023

Lucknow will now face the uphill task of accommodating Mayers in the XI when South African opener Quinton de Kock joins the squad after rounding off his international commitments. The 30-year-old finished at the third spot in the run-scoring charts last year.

He finished the season at 508 runs in 15 matches and will be a definite starter in the XI to partner Rahul at the top. Marcus Stoinis, Nicholas Pooran, and Mark Wood will most likely occupy the other three overseas spots and that doesn’t leave a space for Mayers on the side. Regardless, the Caribbean star has made a strong case for his inclusion in the team in case the think-tank looks to shake things up at any point in this campaign.

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3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Palm Sunday: History, significance and wishes

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Palm Sunday marks the beginning of the most sacred time for the Christian community, Holy Week. It is celebrated by Catholic and Protestant communities on the first day of Holy Week and the Sunday before Easter. It celebrates the triumphal entry of Jesus Christ into Jerusalem holding a procession in which they carried palm branches.

Palm Sunday: History

The blessing of palms and the parade on Palm Sunday appear to have their roots in the Frankish Kingdom. The Sacramentary of the Abbey of Bobbio in northern Italy contains the oldest reference to these rituals. The ceremony for blessing the palms was elaborate during the Middle Ages. The procession started in one church, proceeded to another church where the palms were blessed, and then returned to the first church for the singing of the liturgy.

Palm day is now also known as Passion Day.

Palm Sunday: Significance

Palm Sunday commemorates a scene from the New Testament, in which people waved palm branches when Jesus entered Jerusalem. It serves as a reminder for Christians of their willingness to accept Jesus into their souls and to follow him.

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Palm Sunday: Wishes and messages 

Have a blessed Palm Sunday. May Jesus keep your name on his list now and always.

May the spirit of this holy occasion, the warmth of the season, bless you with joy and happiness. Have a blessed Palm Sunday.

May Lord bless you and make you stay out of negativism and also look on the bright side of everything. Have a blessed Palm Sunday.

On this holy occasion, I pray that you may enjoy the favour and blessings of God throughout your life.

May the colours of spring enchant your heart, and the angels guide you towards eternal light. I wish you a delightful Palm Sunday.

On the occasion of Palm Sunday, I pray to God to always have his hand on us, to protect us and keep us together…. Best wishes on Palm Sunday.

May the spirit of the holy week touch your soul and all your troubles fade away. Have a blessed Palm Sunday.

May the mercy and blessings of God find a way for each of us. Happy Palm Sunday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

March Auto Sales: Hero MotoCorp sales rise 15%, exports decline

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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India’s largest manufacturer of motorcycles and scooters Hero MotoCorp on Saturday announced that sold 519,342 units in March 2023. The homegrown company witnessed a 15 percent growth in sales over the corresponding month of 2022 when it sold 450,154 two-wheelers.

Hero MotoCorp further added that it had surpassed 5.3 million unit sales in FY23. The company sold 53,28,546 units in FY23 and registered a growth of 8 percent over FY22 when it sold 49,44,150 units.

However, the company saw a decline in exports and managed to dispatch only 16,612 units in March 2023, compared to 34,390 in the same month last year.

Also Read: March Auto Sales: Hyundai sales up 11%, records highest-ever dispatches in FY23

Recently, the Board of Hero MotoCorp appointed Niranjan Gupta as the new Chief
 Executive Officer (CEO) of the company, effective from May 1, 2023. Gupta will be elevated from his current position as its Chief Financial Officer (CFO), Head – Strategy and M&A.

Pawan Munjal will continue as Executive Chairman and Whole-time Director on the Board.

The fiscal year also saw Hero MotoCorp announce its first foray into the South East Asian Market by forging a partnership with Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, to launch its products in the Philippines.

Also Read: Maruti posts its highest total annual sales riding on uptick in exports

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Watch: Arshdeep gives death stare after taking Anukul Roy’s wicket, video goes viral

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian pacer Arshdeep Singh began his Indian Premier League (IPL) 2023 campaign on a terrific note by dismissing Kolkata Knight Riders (KKR) opener Mandeep Singh in his very first delivery. The pacer straightaway hit a delivery on the short length and cramped Mandeep for a room whose miscued pull shot landed in the hands of English all-rounder Sam Curran at the boundary line.

However, it was his silent yet aggressive reaction after dismissing KKR batsman Anukul Roy that has been catching everybody’s attention on the internet.  Arshdeep yet again banged in a short ball outside off in the last delivery of that very same over and Roy ended up mistiming his shot that resulted in a catch to Zimbabwean all-rounder Sikandar Raza at mid-wicket.

ALSO READ: PBKS vs KKR LIVE, IPL 2023 Score: Rain halts play, Kolkata Knight Riders trail by 7 runs on DLS rule

The fast bowler then stood his ground and stared straight at Roy who walked back to the pavilion with Kolkata struck at 17/2 at the end of the second over. Arshdeep conceded four and took two key wickets in that over to help the Punjab Kings begin the defense of their total of 191 runs on a positive note.

Watch the video here:

Two wickets for Arshdeep Singh… Two big ones!
First Mandeep Singh, then Anukul Roy…

That Cold Stare tho 🥶❄️#IPL2023 #PBKS #PBKSvsKKR #KKRvsPBKS #TataIPL #AmiKKR #PunjabKingspic.twitter.com/CHdEIBSYDq

— OneCricket (@OneCricketApp) April 1, 2023

The stare by Arshdeep Singh after getting Anukul Roy. pic.twitter.com/rer7ntkac3

— Mufaddal Vohra (@mufaddal_vohra) April 1, 2023

The 24-year-old rose to prominence in the lead-up to the T20 World Cup last year and emerged as one of India’s bowling mainstays in the tournament in Australia in the absence of Jasprit Bumrah. Skipper Rohit Sharma entrusted him to pick important wickets with the new ball and contain runs at the death but his form has arguably faltered following the tournament.

The Punjab pacer will be edging to get back in the groove in this IPL and hold on to his spot in the Indian T20I team on the back of his performances for the franchise. He has kicked off that pursuit well enough and will have to sustain this form if the Shikhar Dhawan-led side hopes to secure victories at the start of the tournament in the absence of their South African bowler Kagiso Rabada.

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March Auto Sales: Royal Enfield grew 7%; registers highest sales volume in FY23

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Eicher Motors on Saturday announced the sales report of Royal Enfield and unlisted entity VE Commercial Vehicles (VECV) for the month and fiscal year that ended on March 31, 2023. The automotive company has reported a 6.73 percent rise in the sales of its motorcycle, Royal Enfield at 72,235 motorcycles in March 2023 as against 67,677 motorcycles sold during the same period last year.

For the Financial year ended March 2023, Royal Enfield recorded total sales rose by 39 percent at 8,34,895 motorcycles, registering its highest ever overall sales in history; beating its previous high of 2018-19.

The manufacturer of motorcycles and commercial vehicles said it has posted spectacular growth in the international markets, as it crossed the one lakh mark in export volumes for FY23. This is the first time that it has exported more than 1 lakh motorcycles in a year. The company’s export increased by 23 percent over the previous financial year.

Also Read: March Auto Sales: Hyundai sales up 11%, records highest-ever dispatches in FY23

With a 41 percent growth over the previous year, Royal Enfield registered sales of 7,34,840 in the domestic market.

Besides, Eicher Motors’ VECV sales numbers also registered a 35.2 percent growth at 11,906 units in March 2023 against 8,803 units sold in the same month last year. The sales volume of VECV grew by 39.5 percent at 79,623 units in the complete financial year 2022-23 against 57,077 units sold in the corresponding financial year.

However, the company’s export in the case of VECV declined by 36.5 percent at 414 units in March 2023 against 652 units last year. Exports dropped by 41.5 percent at 4,933 units in FY23 against 8,426 units posted in FY22.

VE Commercial Vehicles Limited is a material subsidiary of Eicher Motors Limited.

Also Read: Maruti posts its highest total annual sales riding on uptick in exports

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March Auto Sales: Honda reports 2% growth in domestic wholesales

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Honda Cars India on Saturday said its domestic sales increased by 2 percent to 6,692 units in March. The company had dispatched 6,589 units to dealers in March 2022, the automaker said in a statement.

Exports stood at 3,189 units last month as compared with 2,243 units in March 2022, it added.

The company said its domestic wholesales rose 7 percent to 91,418 units last fiscal, as compared with 85,609 units in FY22.

The automaker exported a total of 22,722 units during 2022-23 as compared with 19,401 units in 2021-22, registering 17 percent growth, it added.

Also Read: March Auto Sales: Hyundai sales up 11%, records highest-ever dispatches in FY23

”The company has achieved a domestic sales growth of 7 percent, driven by the strong and positive sales momentum of our models, specifically the Amaze and City,” Honda Cars India Director, Marketing and Sales Yuichi Murata said.

Despite the persistent challenges posed by the global chip shortage and its impact on production volumes, the Indian automobile industry has had one of its strongest years in terms of sales, he noted.

”We believe that India holds significant potential and anticipate even greater demand in the years ahead,” Murata said.

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March Auto Sales: TVS Motor Company sales rise 3%, domestic sales up 22%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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TVS Motor Company on Saturday reported a 3 percent growth in sales at 3,17,152 units in March 2023, as against 3,07,954 units sold in the same month last year.

Total two-wheelers sales grew 5 percent last month to 3,07,559 units, as compared to 2,92,918 units in March 2022, TVS Motor Company said in a statement.

Domestic two-wheeler sales were at 2,40,780 units last month, as compared to 1,96,596 units in the year-ago period, up 22 percent, it added.

Also Read: March Auto Sales: Hyundai sales up 11%, records highest-ever dispatches in FY23

The company said sales of its TVS iQube electric scooter were at 15,364 units in March 2023, as against sales of 1,799 units in the same month last year.

Three-wheeler sales were down at 9,593 units last month, as against 15,036 units in March 2022, it added.

Total exports were also lower at 75,037 units in March 2023, as against 1,09,724 units in March 2022. Two-wheeler exports stood at 66,779 units last month, as against 95,962 units a year ago.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

March Auto Sales: Tata Motors domestic sales up 3% at 89,351 units

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Tata Motors on Saturday said its total domestic wholesales increased by 3 percent to 89,351 units in March compared to the same month last year. The company sold 86,718 units in March 2022.

The auto major said its passenger vehicle sales in the domestic market stood at 44,044 units last month, as compared to 42,293 units in the same month last year.

Commercial vehicle sales in the domestic market stood at 46,823 units as against 47,050 units in March 2022, it added.

For the financial year ended March 31, 2023, the company sold a total of 9,31,957 units in the domestic market, an increase of 35 percent over 6,92,554 units in 2021-22.

Passenger vehicle dispatches rose 45 percent to 5,38,640 units as compared with 3,70,372 units in FY22.

”FY23 has set a new record for passenger vehicle sales in India. The steep growth witnessed by the industry was driven by post COVID pent up demand in early part of the year, the launch of several new vehicles and easing of the semiconductor shortage,” Tata Motors Passenger Vehicles Managing Director Shailesh Chandra stated.

While SUVs and EVs led this growth, customers’ rising preference for safe vehicles and smart technology features was equally pronounced, he added.

Tata Motors scaled a new sales peak by posting its highest-ever annual domestic sales of 5,38,640 units, achieving a robust 46 percent sales growth over FY22 and registering its third successive year of industry-beating growth, Chandra said.

”Looking ahead, we expect the demand for personal vehicles to remain robust with the trend of electrification further strengthening as more options are made available to customers plus support from a rapidly growing and improving ecosystem,” he said.

Also Read: March Auto Sales: Hyundai sales up 11%, records highest-ever dispatches in FY23

However, the growth rate of the passenger vehicle industry may moderate due to a strong base effect as well as macro factors including hardening interest rates, rising inflation, and the cost impact from progressive regulatory norms, he added.

”We continue to stay agile, carefully monitoring the supply situation, particularly semiconductors and any potential waves of Covid,” Chandra said.

Commercial vehicle sales in the domestic market increased by 16 percent year on year to 4,13,539 units in FY23.

”With the government’s continuing thrust on infrastructure development, we remain optimistic about the overall CV demand in FY24 while maintaining a close watch on geopolitical developments, interest rates, fuel prices and inflation,” Tata Motors Executive Director Girish Wagh said.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

LSG vs DC highlights IPL 2023 Score: Kyle Mayers’s remarkable 73 and Mark Wood’s five-wicket haul gives Lucknow first win

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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LSG vs DC highlights: Lucknow Super Giants defeat Delhi Capitals by 50 runs. Kyle Mayers’s remarkable 73 runs and Mark Wood’s five-wicket haul gave a brilliant start to Lucknow Super Giants (LSG) in this IPL season. West Indies opener Kyle Mayers had a brilliant IPL debut as his 73 off 38 balls propelled Lucknow Super Giants to a solid 193 for six against Delhi Capitals in an IPL match.

Mayers, who is playing in place of Quinton de Kock, who is currently on national duty, smashed seven sixes apart from a couple of boundaries while adding 79 runs with Deepak Hooda (17). Nicholas Pooran, a Rs 16 crore recruit, scored a quickfire 36 off 21 balls as Axar Patel (1/38) and Kuldeep Yadav (1/35) got some turn off the surface. Khaleel Ahmed was the most successful bowler with figures of 2 for 30.

Both teams are entering the league in absence of a few key players. Delhi will head into this tournament in the absence of their captain-wicketkeeper Rishabh Pant with Australian opener David Warner set to lead the Capitals this year. Lucknow will be missing their South African star Quinton de Kock in this game as the southpaw is engaged in international commitments for South Africa at this moment.

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