The Capital Chronicles No. 5 - Moonshots and Magic Numbers

ONE TREE HILL
PRIME WEALTH
Introducing
The Capital Chronicles #5
A Newsletter with Bite-sized
Market Insights
India’s First Solar Mission, Biggest IPO of 2023, and World’s First Ethanol-run Car
On August 23, 2023 India created history. India became the first country to successfully land a spacecraft
near the south pole of the moon.
(Source: https://www.isro.gov.in/Chandrayaan3_Details.html)
This is a proud moment for every single Indian. As the lander touched down on the lunar surface, the
chairman of ISRO S. Somanath said, “India is on the moon.”
But this is just the beginning. As our PM Narendra Modi says, for India even the sky is not the limit. India’s
lunar mission is just the first step in exploring space and the universe.
After the Moon, ISRO is planning missions to the Sun, Venus and beyond. India’s first solar mission
Aditya-L1 is scheduled to lift off on September 2, 2023 by ISRO's PSLV XL rocket from Satish Dhawan Space
Centre in Sriharikota.
So, don’t forget to mark your calendar for this date to watch another spectacular launch. Now, let us see
what happened on earth in the last two weeks.
Top 10 Stories of this Fortnight
Jio Financial Services made debut on bourses on August 21 as the second-largest listed NBFC
The largest listed NBFC in India is Bajaj Finance with a market cap of around Rs 4.15 lakh crore. After its
demerger from Reliance, Jio Financial Services became the second largest listed NBFC with market cap of
Rs 1.66 lakh crore…
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That’s greater than the market cap of giants like Hero MotoCorp, IndusInd Bank, Britannia, and Tech
Mahindra.
Ministry of Road Transport and Highways rolls out Bharat NCAP, India’s own crash-testing
norms for cars
Starting from October 1, car manufacturers can volunteer to get a star rating indicating the safety of their
models.
The Bharat New Car Assessment Programme (Bharat NCAP) is modeled on the Global New Car
Assessment Programme (Global NCAP).
The programme is voluntary except in certain cases such as a base variant of a popular vehicle model, or
when the Ministry recommends a model for testing based on market feedback or in the interest of public
safety.
Possibly the biggest IPO of 2023

Softbank Group owned chip designer ARM filed for an IPO on the NASDAQ exchange. Softbank Group
estimates the market capitalization of over $60 billion. It could possibly be the biggest IPO of 2023.
When ARM is listed, Apple, Samsung Electronics, Nvidia and Intel are expected to take stakes in the
company as long-term investors.
ARM is one of the biggest chip designers. About 70% of the world's population uses products containing
ARM-designed chips.
NSE adds over 10 lakh active users in July, highest in 13 months

The number of active users on NSE reached 3.19 crore in July. That’s 10 lakh more active users than the
number recorded for the month of June.
This gain of around 10.4 lakh active users is the largest since June 2022. This increase comes on the back
of a widespread rally in the Indian stock market.
In July, around 30 lakh new demat accounts were opened with two depositories, CDSL and NSDL. The total
count of demat accounts also hit a new high of 12.35 crore.
Japan releases Fukushima radioactive water into the Pacific Ocean

Japan’s Fukushima nuclear reactor was destroyed in the 2011 earthquake and tsunami. When the reactor
was destroyed, it contaminated the water that came in contact with its fuel rods.
But Japan and scientific organizations have said that the contaminated water is distilled and it is now safe
for releasing into the sea.
Right now, only 1% of the water is getting released into the ocean. The full water discharge could take
decades.
Innovative wind-powered cargo ship sets sail

A cargo ship, Pyxis Ocean, with giant sails embarks on its journey from China to Brazil. This journey will be a
real-world test to see whether the traditional way of propelling ships could be the way forward for moving
cargo at sea.
The sail enables the ship to be blown along by the wind, rather than rely solely on its engine. It is estimated
that this could potentially reduce a cargo ship's lifetime emissions by 30%.

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PRIME WEALTH
S&P downgrades multiple U.S. banks

S&P cut ratings on several U.S. regional banks with high commercial real estate exposure. It is believed that
S&P's action will make borrowing more costly for the banking sector. The cost of insuring against a default
on U.S. banks has also increased.
S&P's downgrade came weeks after similar downgrades by its peer Moody's, which lowered ratings on
several banks and even warned of potential downgrades for some large lenders.
Have you started using the magic number of 72

72 helps you determine either how much time your money will double at a particular interest rate or even
vice versa; Very simple to use and super effective!
India clears doubts around BRICS common currency talks
BRICS is a grouping of five major emerging economies: Brazil, Russia, India, China, and South Africa.
Recently, there were rumors that BRICS countries are planning to create their own common currency.
A few posts floating around on social media also showed how BRICS currency would be more powerful than
the U.S. dollar.
But India’s foreign secretary Vinay Mohan Kwatra cleared the doubts around the topic of BRICS common
currency. He stated that the BRICS deliberations have focused on boosting trade in national currencies
instead of on developing a common currency.
World's first ethanol-run car, Toyota Innova, launched in India
On August 29, 2023, Union Road Transport and Highways Minister Nitin Gadkari launched the world's first
100% ethanol-run car, Toyota Innova.
This car is said to be the world's first flex-fuel vehicle. Flex-fuel vehicles have an internal combustion engine
capable of operating on pure petrol and even on a combination of petrol and ethanol.
India is promoting ethanol powered flex-fuel vehicles to reduce its dependence on foreign oil. Plus, a biofuel
like ethanol also helps in reducing the pollution.
Watchlist for the Next Two Weeks
· ISRO’s Aditya L1 mission launch on September 2

· India Service PMI Figures on September 5
· The G20 Summit in Delhi on September 9 & 10
· India CPI Data on September 12
· India WPI Data on September 12
Well, that’s it for now in this edition of the Capital Chronicles.
I’ll see you soon with new stories and updates.
Regards,
Jay Shah
Disclaimer : Investments in securities market are subject to market risks. Read all the related documents carefully before investing. The
securities quoted are for illustration only and are not recommendatory.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

AMFI Registered Mutual Fund Distributor
Maharashtra 400013 https://www.onetreehill.in

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ONE TREE HILL

Top 10 Stories of this Fortnight

902 Marathon Icon Off GK Marg, 098208 28822

Possibly the biggest IPO of 2023

NSE adds over 10 lakh active users in July, highest in 13 months

Japan releases Fukushima radioactive water into the Pacific Ocean

Innovative wind-powered cargo ship sets sail

902 Marathon Icon Off GK Marg, 098208 28822

S&P downgrades multiple U.S. banks

Have you started using the magic number of 72

India clears doubts around BRICS common currency talks

World's first ethanol-run car, Toyota Innova, launched in India

Watchlist for the Next Two Weeks

· ISRO’s Aditya L1 mission launch on September 2

902 Marathon Icon Off GK Marg, 098208 28822

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