SpellCaster Financial Services is a financial planning company that uses a variety of financial instruments to help its clients achieve their financial goals. These instruments include mutual funds, shares, NPS, unlisted equity, bonds, insurances, and real estate, etc. SpellCaster Financial Services takes a holistic approach to financial planning, considering all aspects of a client's financial situation, including their income, expenses, assets, liabilities, risk tolerance, and financial goals. The company's experienced financial planners work with clients to develop a personalized financial plan that meets their specific needs.
External link for SpellCaster Financial Services
Pune, Maharashtra, IN
It's a pleasure to be a part of INTERNATIONAL TRADE COUNCIL!! #internationaltradecouncil #itc
Welcome, Taral Bhole, Director at SpellCaster Financial Services to the International Trade Council. SpellCaster Financial Services helps clients achieve their financial goals using instruments like mutual funds, shares, bonds, insurance, and real estate.
Kaynes Tech #KaynesTechnology #India has acquired a **100% #stake** in #IskraemecoIndia, a provider of #smart #meter solutions, for approximately ₹42.98 crore. This acquisition is expected to be #finalized within 30 days from the signing of the agreement on September 28, 2024. Additionally, #Kaynes plans to #commence commercial semiconductor production in 2026, expanding its #capabilities in #electronics manufacturing and smart meter #technologies.
SIGNIFICANT SETBACK FOR ZYDUS & LUPIN #Zydus #Cadila and #Lupin have faced a significant #setback in their efforts to launch #generic versions of the #drug #mirabegron, marketed as #Myrbetriq by #AstellasPharma. The U.S. #Federal Circuit #Court recently revived Astellas' patent for Myrbetriq, which had been previously invalidated by a #lower court. This ruling is critical as it #protects a market opportunity valued at approximately $1.6 billion. Both companies were poised to benefit from this #lucrative market, with estimates suggesting a potential #profit of around $120 #million for Zydus and about 10% of #EBITDA for Lupin. However, the revival of the patent means that their plans to introduce generics may be #delayed or complicated by ongoing litigation. Astellas is #appealing the lower court's decision and has asserted that its patents remain valid until at least 2030, which could #hinder the entry of generics into the market.
#Madhuri #Dixit has made a significant #investment in #Swiggy, the food delivery #giant, ahead of its upcoming #IPO. Along with #RiteshMalik, #founder of #Innov8, she purchased shares worth ₹3 crore (approximately $360,000), with each #contributing ₹1.5 crore (around $180,000). This transaction was facilitated through the #secondary market at a price of ₹345 per share. Dixit's investment comes as Swiggy prepares for a #public #offering aiming to raise around $1.4 billion, following a period of strong revenue #growth and reduced #losses. In the financial year 2023-24, Swiggy's revenue increased by 36% to ₹11,247 crore, while its losses decreased by 44% to ₹2,350 crore. Dixit is the second prominent celebrity investor in Swiggy, following #Amitabh #Bachchan's recent stake acquisition. This move reflects a #growing trend among Indian celebrities to diversify their investments in the #tech and #food delivery sectors.
US FEDERAL RESERVE CUTS INTEREST RATES BY 50BPS FOR THE FIRST TIME IN 4 YEARS. EXPECTATION WAS 25 BPS CUT - POSITIVE FOR MARKETS + GOLD, SILVER 💹 The #US. #FederalReserve has #cut #interest #rates by 50 #basis points for the first time in over four years, reducing the federal funds rate to a range of 4.75% to 5% as of #September 18, 2024. This decision aims to address signs of a cooling #labor market and to support #economic growth as #inflation shows signs of #easing, currently at 2.5%. The Fed's #decision was influenced by recent economic indicators, including robust job growth and higher-than-expected #retail #sales and industrial #production. The central bank had previously raised rates 11 times since March 2020 to #combat inflation, which peaked at 9.1% in June 2022. Market reactions have been positive, with #expectations that this rate cut could lead to further reductions by year-end, potentially lowering the rate by an additional #percentage point by the end of 2025. This shift is likely to benefit various #sectors, including housing and consumer credit, as #borrowing costs #decrease. [
RELIANCE POWER WINS LARGE ORDER IN RENEWABLE ENERGY SECTOR RELIANCE POWER: CO SECURES MAJOR BATTERY STORAGE CONTRACT OF 500 MW/1000 MWH #ReliancePower has secured a #significant contract to #establish a 500 MW/1000 MWh #Battery #Energy #Storage System (#BESS) as part of India's push for renewable energy. This contract was awarded by the #Solar #Energy Corporation of India (#SECI) and involves the installation of standalone BESS units under a build-own-operate (#BOO) model. The project aims for "#OnDemand" usage and is based on a #competitive bidding process held on September 11, 2024. The company submitted a tariff bid of ₹3.81999 lakh per #MW per month, which is among the lowest rates for #BESS tenders at the 400 kV level in #India. The project will be based at the 400 kV #Fatehgarh (#ATL) PS in #Rajasthan, with a scheduled commissioning date set for 24 months from the #effective date of the Battery Energy Storage Purchase #Agreement. Following this announcement, #Reliance Power's shares surged by 5%, reflecting investor confidence in this new #venture into #renewable energy and #storage.
THERMAX: CO PARTNERS WITH CERES FOR GREEN HYDROGEN PRODUCTION WITH LARGE-SCALE SOLID OXIDE ELECTROLYSIS CELL (SOEC) MANUFACTURING IN INDIA THERMAX: CO TO PROVIDE GREEN HYDROGEN SOLUTIONS FOR INDUSTRIAL CUSTOMERS #Thermax has announced a strategic #partnership with #Ceres Power to advance #GreenHydrogen production in #India through large-scale manufacturing of #Solid Oxide Electrolysis Cells (#SOEC). This #collaboration aims to enhance the #efficiency and #affordability of green hydrogen solutions for #industrial customers, leveraging #Ceres' advanced SOEC technology, which #boasts efficiencies between 80% and 90% and #utilizes waste heat from industrial processes. The partnership is expected to significantly contribute to the growing demand for hydrogen, projected to double by 2050, positioning both companies as leaders in the green energy sector. Thermax's role will #focus on providing tailored #green hydrogen solutions, enhancing their existing #capabilities in energy and environmental management. Following the announcement, Thermax's #stock saw an #increase of over 3%, reflecting #positive #investor sentiment regarding this initiative.
GE T&D: CO BAGS ORDER WORTH 55M EUROS FROM GRID SOLUTIONS MIDDLE EAST FZE, DUBAI || CO BAGS ORDER WORTH 100M EUROS FROM GRID SOLUTIONS SAS, FRANCE #GE T&D India has secured two #significant #orders totaling €155 million from its #overseas group entities. - Order from #GridSolutions Middle East FZE, #Dubai: GE T&D has received an order worth €55 million** for the supply and supervision of high-voltage products. This order is part of a larger project and is scheduled for completion within two years. - Order from #Grid Solutions #SAS, #France: The company also bagged a €100 million** order for similar high-voltage products. This contract is also expected to be executed over a two-year period. These orders reflect GE T&D's ongoing #expansion in the power transmission and distribution sector, #contributing to its robust order #inflow and #revenue growth.
SAH POLYMERS: CO SAYS MANUFACTURING FACILITY WAS AUDITED BY INTERTEK CERTIFICATION LTD AUDIT IN RELATION TO COMPLIANCE WITH BRC STANDARDS CO GIVEN GRADE A RANKING FOR COMPLIANCE WITH GLOBAL STANDARDS Sah Polymers announced that its manufacturing facility underwent an audit by Intertek Certification Ltd, focusing on compliance with BRC (British Retail Consortium) standards. The audit resulted in the company receiving a Grade A ranking, indicating strong adherence to global standards for packaging materials. BRC standards are crucial for ensuring the safety and quality of products within the food supply chain, and achieving a Grade A ranking signifies that Sah Polymers meets high industry benchmarks. This certification not only enhances the company's credibility but also positions it favorably in the competitive market for packaging solutions.
Premier Energy Wins Order Worth 215 Cr Rupees. #PremierEnergies has secured an order worth ₹215 crore from the #Uttar #Pradesh #government to supply and install solar #pumps. This project aligns with the company's focus on #renewable #energy solutions and enhances its portfolio in the #solar sector. The recent order comes on the heels of a successful initial public offering (IPO), where Premier Energies #raised approximately ₹2,830 crore. The IPO was met with #overwhelming demand, being subscribed 75 times, reflecting strong investor confidence in the company's growth potential. As of now, Premier Energies has an order book totaling ₹5,926 crore, indicating a #robust pipeline for future projects and #reinforcing its position as a significant player in the solar #energy market in India.