Latest news with #AjayShrivastava
Time of India
2 days ago
- Business
- Time of India
MPTDC hotels' occupancy rate crosses 80% this Shravan
1 2 3 Indore: Madhya Pradesh tourism department has reported around 12 per cent increase in hotel occupancy across Ujjain, Omkareshwar, and Maheshwar for July and Aug due to a surge in visitor footfall during Shravan. The occupancy rate in the circuit surpassed 80% in July and Aug, showing a notable improvement from the previous year's figures. Madhya Pradesh Tourism Development Corporation (MPTDC) stated that their hotels experienced near-complete occupancy due to substantial number of religious visitors during this period, with most properties in Ujjain getting sold out, particularly during weekends. MPTDC Indore regional manager Ajay Shrivastava said, "July and Aug bookings are showing strong numbers, indicating increased interest in the spiritual circuit of Ujjain, Omkareshwar and Maheshwar. Overall, there is a jump of around 12 per cent for July and Aug compared to the same period a year ago. Ujjain leads in booking numbers, largely due to the recently established Shri Mahakal Mahalok, which has emerged as a primary attraction for visitors. " "The newly opened premium property in Ujjain is also experiencing encouraging bookings, underlining the area's appeal and the positive trend in religious tourism," Srivastava added. According to a data released by the department, last year, MP received 13.41 crore tourists which was 19.6 per cent more than in 2023. Pilgrims also set records at religious sites, with 10.7 crore visitors. Ujjain led the way with 7.32 crore pilgrims, while Omkareshwar saw 24 lakh visitors.
Time of India
07-07-2025
- Business
- Time of India
One Jane Street does not mean Sebi will throw baby out with bathwater; wealth management stocks in, brokerage out: Ajay Srivastava
Ajay Shrivastava of Dimensions Corporate believes the Indian market will continue to grow. He says penalizing wrongdoers is important. However, overregulation could hurt growth. He suggests wealth management firms are better investments than pure brokerages. He advises investors to be cautious and buy wealth management stocks at cheaper valuations. The F&O market provides depth, and its potential is vast. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads , CEO,, says despite market misconduct concerns and the rise of algo trading, the speaker believes the Indian market will persist. Penalizing wrongdoers is crucial, but overregulation could stifle growth and depth. F&Os provide market depth, benefiting wealth management, while pure brokerages face challenges. The market's potential remains vast, and volatility is an inherent aspect to us be honest, every market in the world including the US market, had these problems of having these bad guys like Milken. At the end of the day, every market will have its bad apples. We still do not know what is going to happen legally. But we are in an era of algo trading. Like it or not, machines trade faster than humans, they decide faster than humans, they analyse faster than humans, that is the fact, the question remains that did a player become so dominant that he could influence the market and if it did and whatever comes out, he should be penalised. I do not think it is going to impact the market, barring temporarily affecting F&O volumes by and large because there are different institutions. There are 150-200 people who want to play in this market, large institutions, a couple of million individuals, HNIs, and portfolio offices. It is not that people are going to run away from issue comes back to what happens to the SEBI regulators. If they want to come down heavily on F&O trading, algo trading, sure the volumes will go down. Long term, I do not see a reason for them to do this. Let them open the market. It has given you depth in the Indian market. We have been able to trade and become a global trading destination. Why do you want to destroy it? You saw what the previous Sebi chief did was destroying volumes left, right, and centre. We need to open it up. Temporarily, yes, there could be a shortfall. But broadly speaking, F&Os give depth to the still have to rein in the bad guys, and that is a job for SEBI. But dealing with bad guys does not mean you throw the baby out of the bath water at the end of the day. Just because the plane crashed, does not mean you stop flying. Similarly, just catch the bad guy, penalise him, find the brokerages which are part of the issue and penalise them heavily, make an example of them so that no one dares to do it again. But that does not mean the market is going to die down. Market is much bigger than all of us and all of the do not worry, the party will continue and it has just started. How many people actually participate in the F&O market in this country of 1.3 billion people? It is a very-very long way to have to differentiate between brokerage stocks and wealth management stocks because some of them have become quasi brokerage and wealth managers. You would tend to invest on the side of wealth managers because that is the business which is growing and growing leaps and bound. It is going to get competitive, margins are going to go down but the volumes are growing it becomes more difficult to make money in the market, like right now, people are going to go to the professionals and park my money. The PE industry has shown globally that returns upwards of 25% per annum are a norm in the PE industry in equity is not an exception. Therefore, people who are doing wealth management will keep growing. But pure brokerages is a no-go because that is a no-way street to make money. You cannot make money in brokerages anymore. So, standalone brokerages are not going to work for you. We are not going to invest for wealth management companies, the answer is yes. But learn to live with volatility. One of the stocks you named was down almost 40% in September after the bad result and in the December quarter and since then has recovered back almost everything. Now the question is when were you the buyers? Were you buying at Rs 900, 600, 700, or did you buy at Rs 900, sell at Rs 600 and wait till Rs 900 to buy back? Wealth management companies are very interesting buys, but do not buy them at a market peak. You will get a chance to buy these companies at a much cheaper valuation. Wealth management is in, brokerage is out.
India Gazette
18-05-2025
- Business
- India Gazette
US President Trump's 5% tax on remittances to significantly impact Indian households: GTRI
New Delhi [India], May 18 (ANI): US President Donald Trump's decision to impose a 5 per cent tax on international remittances sent by non-citizens will significantly impact Indian households, said Global Trade Research Initiative (GTRI), a trade-focused research Group, in its latest report. The proposed US legislative move has triggered alarm across the globe, particularly in India, which has been one of the biggest beneficiaries of the US remittances. These provisions are part of a major legislative package titled 'The One Big Beautiful Bill', introduced in the US House of Representatives on May 12. If enacted, the legislation would target money transfers made by non-US citizens, including green card holders and workers on temporary visas like H-1B and H-2A. The proposed legislation exempts American citizens. As per the rules, the tax would be collected by banks and remittance service providers, who would remit the funds quarterly to the US Treasury. For India, the stakes are high. The country received USD 120 billion in remittances in 2023-24, with nearly 28 per cent originating from the United States. A 5 per cent tax could significantly raise the cost of sending money home, GTRI said in the statement, which is prepared by its founder and former Indian trade service officer Ajay Shrivastava. The report anticipates that a 10-15 per cent drop in remittance flows could result in a USD 12-18 billion shortfall for India annually. That loss would tighten the supply of US dollars in India's foreign exchange market, putting modest depreciation pressure on the rupee, the report added. The Reserve Bank of India may be forced to intervene more frequently to stabilise the currency. The rupee could weaken by Rs 1-1.5 per US dollar if the remittance shock plays out fully, the report added. 'The pain wouldn't stop at the exchange rate. In states like Kerala, Uttar Pradesh, and Bihar, millions of families rely on remittances to cover essential expenses such as education, healthcare, and housing. A sudden decline in these flows could hit household consumption hard--at a time when the Indian economy is already navigating global uncertainty and inflation pressures,' the GTRI report added. Globally, India is not alone. Countries like El Salvador, where remittances account for over 25 per cent of GDP, and Mexico (4 per cent of GDP) could also see painful repercussions, the GTRI added in the report. (ANI)
Times of Oman
18-05-2025
- Business
- Times of Oman
US President Trump's 5% tax on remittances to significantly impact Indian households: GTRI
New Delhi: US President Donald Trump's decision to impose a 5 per cent tax on international remittances sent by non-citizens will significantly impact Indian households, said Global Trade Research Initiative (GTRI), a trade-focused research Group, in its latest report. The proposed US legislative move has triggered alarm across the globe, particularly in India, which has been one of the biggest beneficiaries of the US remittances. These provisions are part of a major legislative package titled 'The One Big Beautiful Bill', introduced in the US House of Representatives on May 12. If enacted, the legislation would target money transfers made by non-US citizens, including green card holders and workers on temporary visas like H-1B and H-2A. The proposed legislation exempts American citizens. As per the rules, the tax would be collected by banks and remittance service providers, who would remit the funds quarterly to the US Treasury. For India, the stakes are high. The country received $120 billion in remittances in 2023-24, with nearly 28 per cent originating from the United States. A 5 per cent tax could significantly raise the cost of sending money home, GTRI said in the statement, which is prepared by its founder and former Indian trade service officer Ajay Shrivastava. The report anticipates that a 10-15 per cent drop in remittance flows could result in a $12-18 billion shortfall for India annually. That loss would tighten the supply of US dollars in India's foreign exchange market, putting modest depreciation pressure on the rupee, the report added. The Reserve Bank of India may be forced to intervene more frequently to stabilise the currency. The rupee could weaken by Rs 1-1.5 per US dollar if the remittance shock plays out fully, the report added. "The pain wouldn't stop at the exchange rate. In states like Kerala, Uttar Pradesh, and Bihar, millions of families rely on remittances to cover essential expenses such as education, healthcare, and housing. A sudden decline in these flows could hit household consumption hard--at a time when the Indian economy is already navigating global uncertainty and inflation pressures," the GTRI report added. Globally, India is not alone. Countries like El Salvador, where remittances account for over 25 per cent of GDP, and Mexico (4 per cent of GDP) could also see painful repercussions, the GTRI added in the report.
