Rounaq Bakshi notes

Agarwal Industrial Corporation Ltd: manufacturer and trader of bituminous products   Strengths : Established market position in the bitumen industry:   AICL group benefits from the extensive business experience of the promoters of over four decades, their understanding of the dynamics of the local and global bitumen market, and established relationships with suppliers and customers.  The group’s strategically located manufacturing facilities and storage units has helped in reduction of transportation cost.   Diversified revenue profile with established clientele:   Apart from being a manufacturer and trader of bituminous products, AICL group provides integrated solution to its customers in terms of transportation.  AICL group is also engaged in transportation of LPG cylinders, power generation through windmill and ship chartering business.  The parent company - AICL’s freight expenses are expected to be moderated to the extent of 60-70% in the form of ...

After 30 years of zero rates… Japan’s 30-year 𝗯𝗼𝗻𝗱 𝘆𝗶𝗲𝗹𝗱 𝗷𝘂𝘀𝘁 𝗵𝗶𝘁 𝟯.𝟮𝟵% — an all-time high. One election. One policy shift. And the 𝘄𝗼𝗿𝗹𝗱’𝘀 𝗹𝗼𝘄𝗲𝘀𝘁-𝘆𝗶𝗲𝗹𝗱 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 𝗷𝘂𝘀𝘁 𝗳𝗹𝗶𝗽𝗽𝗲𝗱 𝘁𝗵𝗲 𝘀𝘄𝗶𝘁𝗰𝗵. Why it matters: Japan has quietly been the world’s bond anchor. When their yields rise → global yields rise → the cost of money everywhere goes up. The chain reaction: 𝗝𝗚𝗕𝘀 𝗮𝗿𝗲 𝗻𝗼𝘄 𝗲𝘅𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝗴𝗹𝗼𝗯𝗮𝗹 𝗯𝗼𝗻𝗱𝘀. ✔️U.S. 10Y is climbing. , ✔️Expensive tech ($QQQ) is feeling the squeeze. The real story? The legendary Yen Carry Trade — borrowing cheap yen to buy global risk assets — is breaking. 𝗛𝗶𝗴𝗵𝗲𝗿 𝗝𝗚𝗕 𝘆𝗶𝗲𝗹𝗱𝘀 = 𝗵𝗶𝗴𝗵𝗲𝗿 𝘆𝗲𝗻 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗰𝗼𝘀𝘁 = 𝗴𝗹𝗼𝗯𝗮𝗹 𝗱𝗲𝗹𝗲𝘃𝗲𝗿𝗮𝗴𝗶𝗻𝗴 𝘄𝗮𝘃𝗲 𝗶𝗻𝗰𝗼𝗺𝗶𝗻𝗴. Watch these levels: 💱 USD/JPY below 145 📈 U.S. 10Y > 4.8% Bottom line: This isn’t “just Japan, It’s a global monetary shock

Mark Cuban, a billionaire Shark tank investor, once said: “If you want to be rich, you need to find a way to make money while you sleep. A job will never do that.” And he isn’t alone. Robert Kiyosaki calls jobs a trap that keep you poor. Naval Ravikant says renting out your time will never make you wealthy. Warren Buffett reminds us that unless money works while you sleep, you’ll work till you die. Elon Musk believes wealth flows to those solving hard problems at scale, not to those clocking hours. Jobs give you linear growth. Promotions raise income slowly, but lifestyle expenses grow just as fast. That’s why most “successful” professionals are still stuck in EMIs and savings accounts. Business gives you exponential growth. When you run a business, you control leverage: people, systems, assets, compounding. That’s how wealth gets built. The formula is simple but not easy: Pick a business that excites you. Something you notice, study, and can stick with when it gets hard. Dissect the ...

Gujarat Industries Power Company Limited: 40th ANNUAL REPORT OF THE COMPANY FOR F.Y. 2024-25.  Company, which began as the first group captive power plant in the country, has transformed into a dynamic Independent Power Producer (IPP) with total installed generation capacity of 1184.4 MW including RE capacity of 374.4 MW Company has signed MoU with Government of Gujarat in Vibrant Gujarat Global Summit 2024 to set up projects having investment worth of ` 7,953Cr Company’s total income for the year ended 31st March,2025 was ` 132508 Lakhs as compared to ` 142504 Lakhs in the previous year.  The total income of the current year includes earnings from sale of electrical energy of ` 124795 Lakhs as compared to ` 134053 Lakhs recorded in the previous year.  The Profit Before Tax was ` 27295 Lakhs as compared to ` 25252 Lakhs (after exceptional item) in the previous year.  The Net Profit of ` 21143 Lakhs has been arrived at after taking into account the Current Income Tax ...

  National Aluminium Company Limited Transcripts of the Earnings Conference Call held on 08.08.2025  NALCO is a Navratna CPSE with Govt. of India holding is 51.28%.  It represents bauxite,  alumina,  aluminium  power  core  complex  in  the  country,  and  it  is  a  global  leader  in  producing bauxite and alumina at the lowest cost.  The lowest cost producer since  about seven to eight years.  Have been continuously rated as the lowest cost producer  in bauxite and alumina.  Assets, bauxite and refining assets are at Damanjodi.  It's 7.5 million we are producing  right now bauxite as pe...