Passive income is unearned income that is acquired automatically with minimal labor to earn or maintain. It is often combined with another source of income, such as a side job. Discover the Benefits of a Stream of Automatic Unearned Revenue Today from Passive ways income.
Incorporated in 1996, Tatva Chintan Pharma Chem Limited is a chemical manufacturing company that manufactures structure directing agents (SDAs), phase transfer catalyst (PTCs), pharmaceutical and agrochemical intermediates, and other specialty chemicals. It is among the largest manufacturer of SDAs for zeolites in India.
The company serves customers across industries i.e. automotive, petroleum, agrochemicals, dyes and pigments, paints and coatings, pharmaceutical, personal care, and others. Its products are not only sold in India but also export to 25+ countries all over the world such as the USA, Germany, South Africa, China, and the UK. In FY 2020, total export contributed to 76% of total revenue from operations.
Merck, Bayer AG, Ipox Chemicals, Laurus labs, Navin Fluorine International Limited, Atul Limited, Otsuka Chemicals, SRF Limited, Hawks Chemical Company, Firmenich Aromatics Prod Pvt Ltd, and Divi's laboratories are a few of customers of the company. Currently, it has two manufacturing facilities at Ankleshwar and Dahej in Gujarat.
Competitive strengths
Leading manufacturer of structure directing agents and phase transfer catalyst.
Diversified product portfolio.
Global market presence with customer base across industries.
Strategically located manufacturing facility in Gujarat with close proximity to Hazira Port.
Experienced promoters and managers team.
Strong financial performance track record.
Company Promoters:
Ajaykumar Mansukhlal Patel, Chintan Nitinkumar Shah, and Snehkar Rasiklal Somani are the company promoters.
Company Financials:
Summary of financial Information (Restated Consolidated)
Particulars
For the year/period ended (₹ in million)
31-Mar-21
31-Mar-20
31-Mar-19
Total Assets
3,148.03
2,489.38
1,875.08
Total Revenue
3,062.92
2,646.22
2,068.01
Profit After Tax
522.62
377.89
205.43
Objects of the Issue:
Funding capital expenditures requirements for expansion of Dahej manufacturing facility.
Funding capital expenditures requirements to upgrade R&D facilities in Vadodara.
To meet general corporate purposes.
Particulars
For the year/period ended (₹ in million)
31-Mar-21
31-Mar-20
31-Mar-19
Total Assets
3,148.03
2,489.38
1,875.08
Total Revenue
3,062.92
2,646.22
2,068.01
Profit After Tax
522.62
377.89
205.43
Objects of the Issue:
Funding capital expenditures requirements for expansion of Dahej manufacturing facility.
Funding capital expenditures requirements to upgrade R&D facilities in Vadodara.
Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Its B2C offerings include food delivery anddining-outservices where customers can search and discover restaurants, order food delivery, book a table, and make payments for dining out at restaurants while under the B2B segment, it generates revenue fromHyperpure(supply of high-quality ingredients and kitchen products to restaurants) andZomato Pro, customer loyalty program. As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.
Competitive Strengths
Among the leading Food Service Delivery platforms.
Recognized consumer brand equity across India.
Widespread and efficient on-demand hyperlocal delivery network.
A strong network of 131,233 restaurants and 161,637 delivery partners.
Company Promoters:
Zomato is a professionally managed company with no identifiable promoters under the SEBI ICDR Regulations and Companies Act.
Zomato IPO Tentative Timetable
The Zomato IPO open date is Jul 14, 2021, and the close date is Jul 16, 2021. The issue may list on Jul 27, 2021.
IPO Open Date
Jul 14, 2021
IPO Close Date
Jul 16, 2021
Basis of Allotment Date
Jul 22, 2021
Initiation of Refunds
Jul 23, 2021
Credit of Shares to Demat Account
Jul 26, 2021
IPO Listing Date
Jul 27, 2021
Zomato IPO allotment status is expected on Jul 22, 2021. Click the green button Zomato IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.
WazirX claims to be India's fastest growing cryptocurrency exchange with over 400,000 users, with an average app rating of 4.6. WazirX is a part of the Binance ecosystem. WazirX and Binance have launched a $50 Million USD ‘Blockchain For India’ fund. The exchange is available for the global audience, and key features include:
Instant INR (fiat) deposit and withdrawal options
Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio
World’s first auto-matching P2P engine with high liquidity
Let’s see how we can make money from WazirX exchange:
1. Buying And Selling Cryptocurrency [ Trading ]
This is an ordinary method that each exchange offer to its user. Through this method, you can buy the cryptocurrency at a low price and sell it at a high price. Buy this trading service exchange charge any trading fees that is approx 0.1 to 0.2 %.
2. Invest And Hold For a Long Time
Invest and hold for a long time is one of my favorite methods for earning money from cryptocurrency. In this method, they buy the top performing coin like Ethereum ( ETH ) or BTC and hold it for approx 6 months. Then we check the price of this coin it becomes 4 to 5 times higher than the buying price.
It is risk-free and no extra effort is required as you have to invest and forget for 6 months. But deep knowledge of the market is necessary otherwise you may lose your money.
3. Invite Friends Referral Earning Without Investment
Referral earning is also known as passive earning. You don’t need to invest money or trade coins. Just make your account with WazirX exchange. Do your KYC and get approval from there.
After approval share your invite link or referral link with friends and family members. Through this method, you will earn a 50% commission from their trading fee. Suppose your friends are trading 1,00,000 rupees daily on cryptocurrency exchanges. It means they are buying coins with 100000 rupees and then selling coins worth 1,00,000 rupees.
WazirX exchange charge a 0.2% trading fee per time buying or selling. On 1,00,000 rupees coin buying, you will pay 200 rupees to WazirX. And in the same way, you will pay 200 rupees to WazirX for selling your coins. In this way, you totally pay 400 rupees to exchange.
If your referral friend will pay 400 to WazirX then you will get the 50 % amount (200 Rupees) without any trading and any activity. Suppose you invite 10 friends, then your earning will be 10 times higher. Now you will earn 200X10 = 2000 Rupees. It is very interesting.
4. Trade With Offers
Sometimes on newly launched coins and pairs, the WazirX exchange offers cryptocurrency rewards for trading a special coin or special coin pair. This is a kind of sponsor trading. They offer that if you will trade WRX with an ETH pair worth 1,00,000 then you will get 10 WRX coins.
This offer is very interesting. Many people invest in these kinds of activities. As the number of investors increases price goes up. Because it works on demand and supply methods. This is quite an amazing and interesting way to earn money with WazirX.
5. Staking
WazirX Staking
Staking is a process like a fixed deposit in cryptocurrency. You can invest your money in stacking coins for a long time period like 5 years or 10 years. After your maturity period you will get 2% to 10% it fixes interest on your holding.
This method is one of the best and safest methods to earn money from cryptocurrency. As many people say the cryptocurrency market is very volatile you can’t trust it. All such kinds of people can invest their money in staking coins.
Incorporated in 2003, Clean Science and Technology Ltd is one of the leading chemical manufacturers globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole).
The company supplies its products to manufacturers and distributors in India as well as overseas markets i.e. China, Europe, USA, Korea, Taiwan, and Japan. Bayer AG, Genex Laboratories Limited, Nutriad International NV, SRF Limited, Vinati Organics are a few of its customers. In fiscal 2020, it generated 69% of revenues through export outside India.
Clean Science has two production facilities at Kurkumbh (Maharashtra) with an aggregated installed production capacity of 29,900 MTPA as of Dec 31, 2020.
Competitive Strengths
Globally leading supplier of certain chemicals; Ansole, 4-MAP, MEHQ, BHA, DCC, etc.
Strategically located manufacturing facility with close proximity to JNPT port to export products.
Strong long-term relationship with key customers.
Consistent track record of financial performance.
International presence with export to several countries i.e. China, USA, Korea, Japan, Taiwan, etc.
Company Promoters:
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.
Check G R Infraprojects IPO allotment status online by clicking the button below. If you have difficulties finding the G R Infraprojects Limited IPO allotment status, please visit the website of the IPO registrar.
Note: Registrar of the G R Infraprojects IPO is responsible for IPO allotment. Please contact the registrar with any quires related to stock allocation or refund related problems. To understand the allocation of shares for G R Infraprojects Limited IPO, check the 'basis of allotment' document.
Tuesday, July 13, 2021
Nexo Doubles Earn on Crypto Interest Rates
Nexo's newly released Earn UP and Earn in NEXO features deliver interest rates of up to 12% APY to the platform's clients.
Nexo, the leading regulated financial institution for digital assets, today announced a two-fold increase on savings interest rates for cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, and PAXG, offering yields of up to 8% APY through its Earn on Crypto product.
The addition of Earn in NEXO to the company’s lineup – a feature allowing clients to collect interest in Nexo’s native token, regardless of the assets held and their volume – also marks the launch of the company’s Nexonomicscampaign.
“With volatility rife around the second COVID wave and exacerbated by the US elections, we want to give our clients the financial stability and opportunities to guarantee their peace of mind – now and for the future. Few financial service providers can offer this. That Nexo can raise interest rates and scale up the NEXO’s tokenomics in times like these confirms how vital it is to maintain a sustainable business model and the importance of a market-neutral strategy,” said Nexo Co-founder and Managing Partner Antoni Trenchev.
The interest rate increase and Earn in NEXO launch are the first of a series of announcements under the lender’s Nexonomics initiative, devised to expand Nexo’s tokenomics model and boost NEXO, the enterprise’s token utility and value, while simultaneously amplifying the potential of the Earn on Crypto & Fiat suite. The full scope of Nexonomics, including a variety of upcoming upgrades and functionalities, will be revealed within December 2020.
Previously, Nexo interest rates ranged between 4% and 5% on cryptocurrencies, and 8% to 10% on fiat and stablecoins. The launch of Nexonomics also comes hot on the heels of several upgrades to Nexo's Earn on Crypto & Fiat suite, including the decision to introduce a PAX Gold earn offering to satisfy the community's interest in tokenized gold.
Sunday, July 11, 2021
passive Income: get rewarded Paying Credit Card Bills In India
CRED was the first app in India through which you can earn reward points or cash back by paying your credit card bills.
Now you can pay credit card bills through Amazon, Paytm, phonepe app.
But, should you trust these apps for providing your credit card details & other information?
I am going to review CRED app keeping the same question in mind.
Major benefits of CRED App
#1. Credit Card Payments
You can add all of your credit cardsin the app, track the payment due dates and pay the bills directly from the app.
You don’t need to check your credit card statement every month separately. For payments, you can use net-banking or UPI apps.
The whole process of payments is very swift and smooth.
#2. Cashback on Paying Bills
You would earn cashback on your bill payment transaction. You would see the option to #killthebill just after making a payment of more than Rs. 1000.
This works like a scratch card, where you can win cashback up to 1000. In earlier days people actually earned Rs 1000 cashback as but now the cashback doesn’t go beyond Rs 10.
You can earn a maximum of 5 scratch cards of cashback value up to Rs 1000 in a calendar month.
You can also earn scratch cards on payment for
OnPayment
Earn Up to
Rs 50,000
1,00,000
Rs 20,000
10,000
Rs 5,000
5,000
In reality, you can expect a small cashback from these scratch cards, like under Rs 20 from the 5000 scratch card.
#3. Earn CRED coins to redeem gifts
You would earn CRED coins equal to your credit card payment. For example, you will earn 15,000 cred points on payment of Rs 15,000.
You can use the CRED points to get a product discount. The offers keep changing on regular basis.
I will share the details in the later section of the article.
#4. Upto Rs 500 Cashback on referring your friends
You and your referred friend would earn upto Rs 500 cashback on their next bill payment.
You would be approved only if you have a good CIBIL score
The application starts with your primary mobile number that is registered with banks
Your application may get denied if your mobile number details could not match with the CIBIL report or your credit score is not good.
If approved,
Start adding your credit card information in the app.
CRED is very smart to give you a hint of your credit card numbers. Just fill the missing numbers.
The app would validate the credit cards by depositing Rs. 1 into your card (that would appear into your credit card statement)
Start paying the bills of your credit cards
If rejected,
Change the contact details if you are using multiple mobile numbers for banking
Contact their customer support if you believe the information is correct
Wait & Apply after a few months if your credit score is low
How to earn & redeem CRED coins
You would earn 1 CRED coin for each rupee payment through the app. If you are paying 5000 rupees for 3 credit cards then you would earn 15,000 CRED coins.
Redeem Option #1
You would also get a chance to earn additional cashback on each payment above 1000 rupees. You can see the option of burning your CRED coins to win upto 1000, 5000 or 10,000 rupees. The options vary as per your payment amount.
Some people have won 1000 rupees in a single chance while I earned a max of Rs. 488 in single transaction.
But now the casback remains under Rs 10. You can earn 5 #killthebill scratch card mystery reward systems in a calendar month.
You can try your luck. It’s pure FREE money that you get just by paying credit card bills.
Redeem Option #2
The second option is redeeming CRED coins for the rewards catalog that keeps updating with new options every month.
Currently CRED is offering discount on
Leaf Hush ANC
Kiehl’s
OnePlus TV
Easydiner
Pepperfy
So far I have claimed 10 rewards by redeeming CRED coins.
Swiggy Super for one year
Rs. 100 off on 5 meals from Swiggy
Rs. 500 products from Moms Co
Free gift from Bodycraft
Discount on groceries from Grofers
Rs. 500 gift from EazyDiner
Dineout Gourmet Passport for 3 months
20% off on Zoom Car
Rs. 150 off on Uber rides
25% discount on hotels from Yatra
Two types of rewards
I love the fact that CRED has clearly defined the terms & conditions for reward redemption.
You would find the rewards with “No TnC” label, that means there is no trick. It’s pure money without any condition.
Use points to get the reward
Check on the details
Click on the redemption link
And order the products
The second type of rewards have ‘Terms & Conditions’
For example, You can see that Rs. 1500 gift card is ‘valid only on shirts’.
I prefer to use CRED coins for rewards that have ‘No TnC’. You can pick the rewards as per your requirement.
Safety & Privacy Concerns
I am using the app and love the benefits. But there are some concerns that I want to clarify to the best of my knowledge.
#1. Credit Card Information Safety
CRED app does not save the complete credit card information. You only need to add the credit card number in the app for bill payments. No one can misuse your card without expiry date and cvv.
In my opinion, CRED app seems safe.
#2. Email Access for Statements
CRED app needs to access your email to fetch the details of credit card statements that you receive via emails. CRED claims that they won’t read anything in the emails other than credit card statements.
If you have critical information in your email then don’t give access to CRED app. You would only lose one feature, notifications of the credit card due date and amount.
After 3 years of launch, CRED must have build the partnerships with the banks for getting the credit card statement balance. They could build a system to get the authorisation from the user to get the information from the bank.
#3. Failed Payment Refunds
It may happen that payments fail due to technical or banking issues. Your money would be refunded back to your account within 1 to 3 days (or faster).
I have never faced payment failure issue but many community members have faced payment failure/delay with CRED app.
Use at your own risk. CRED is run by credible people so your money would be safe and come back to your account.
It’s an inconvenience that money gets deducted from your saving account and you have to wait for a few days to get that back. My suggestion is that if you have a big amount to pay then pay in small chunks. (maybe in multiple of 10,000 as shown in the snapshot below)
#4. Delayed Payment Credit
Don’t pay the credit card bills on the last day of the due date. Delays may happen in reflecting the payments in your credit card statement. However, I have seen that all the payments made through CRED appeared on the same day in my credit card statement.
To be on the safe side, always pay 2-3 days before the last date of the credit card. My suggestion is to complete the credit card bill payments as soon as you get the salary.
What Needs to be Improved
#1. No Email Access Requirement
CRED should work on their partnership with the bank to get the credit card bill statement directly from the bank. Currently, CRED asks for email access to fetch the details of credit card statements which is definitely a security concern for some people.
#2. Better Offers
Deals under the reward catalog are actually not much useful these days. You would get a higher discount directly on other shopping sites for similar products.
CRED should bring some good deals that actually benefit the user. They can bring some exclusive launch deals which would benefit the user and the partner companies as well. Like AppSumo brings deals for SAAS products.
Verdict
CRED app benefits are over and above the credit card rewards & cashback. There is no reason to miss the extra cashback & rewards that come by just paying the bills through the app.
You are anyways going to use net-banking to pay your credit cards, why not to double the benefits.
I would give 3 out of 5 to CRED app for its beautiful design, ease of payments and value of reward points. 1 point deducted because of delayed/failed payment experience of CashOverflow readers and 1 point for not bringing exciting offers for the users.
