India-China flights to resume, Kissht's Rs 1,000 cr IPO, & more — Daily Digest
Wednesday, 20 August 2025
Markets opened below yesterday’s closing point.
Nifty 50 gradually rose throughout the day and closed in green.
IT stocks and FMCG stocks rose the most. Media stocks and pharma stocks fell the most.
Global markets: US markets fell. Asian markets showed a mixed trend. European markets were flat (as of 6 pm IST).
News
India and China have agreed to resume direct flights between the two countries which were suspended in 2020. They have also agreed on easing visa access for various travelers and finalising an updated Air Services Agreement.
Japan’s exports fell 2.6% year-on-year in July, the biggest fall in 4 years (vs a fall of 0.5% in June). Imports also fell by 7.5% (vs a rise of 0.3% in June).
The UK’s inflation rose to 3.8% year-on-year in July (vs 3.6% in June).
Kissht, the digital lending platform, applied for a Rs 1,000 crore IPO with SEBI.
Vikram Solar IPO has been subscribed 4.57 times. Retail subscription: 3.47 times. IPO closes tomorrow (21 Aug).
Gem Aromatics IPO has been subscribed 2.90 times. Retail subscription: 3.19 times. IPO closes tomorrow (21 Aug).
Stocks Updates
Vedanta: the NCLT deferred the hearing of the company’s demerger plans to 17 Sept.
UltraTech: board approved a sale of 6.49% stake in India Cements via offer-for-sale. It currently holds 81.49% stake in India Cements.
Shree Cement: company’s income tax demand for FY 2021-22 was revised from Rs 588.65 crore to Rs 221.72 crore. The company has fulfilled the tax demand.
TCS: partnered with Finland-based retail company, Kesko, to provide AI solutions across the Nordics and Baltics. Kesko majorly operates in trading groceries, cars, tech and more.
NTPC: company subsidiary NTPC Green Energy commenced operations for 212.5 MW capacity at its Khavda-I Solar Project and 52.8 MW of wind capacity by a group company.
Word of the Day
Foreign Exchange Reserves
They are assets held in a foreign currency by a central bank
These can be foreign currencies, gold, government bonds of other countries, etc.
Forex reserves help a country pay for imports, keep the value of its currency stable, and act as a safety fund during global crises.
Strong reserves can also make foreign investors more confident about the country’s economy.
Most reserves are held in US dollars.
China holds the largest forex reserves, with over $3 trillion worth of assets. India is also among the top holders, with reserves close to $700 billion (2025).
6 Day Course
Theme: how demat works
Day 3: Wednesday
The central depositors are servers where all digital records of demat accounts are stored.
Multiple steps are taken to ensure everything is absolutely secure.
The facilities where these servers are located are housed in high security complexes which are highly guarded and free from intrusion.
They also use encryption and data segregation to ensure no fudging of data takes place.
The data stored is duplicated and backed up in different locations in real time — as the trades take place.
All records, procedures, and protocols are audited to ensure there are no lapses in the system.
SEBI keeps a regular and close watch on the operations and functioning of the depositories.
Featured Question
Q. “With relation to todays 6 days course, Can you please elaborate on Trading account v/s Demat account? And the difference between the two.”
Trading account is needed to trade — buy and sell securities (shares, ETFs, etc).
Demat account is needed to store the securities.
Think of trading account as the shop where the buying/selling takes place; and the demat account is the warehouse where the goods are stored.
Whenever an item is bought, the deal happens at the shop and then the item is brought to the warehouse for storage.
Whenever an item is sold, the item is brought from the warehouse to the shop where the sale/deal takes place.
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