New IPOs and Listings Next Week: Nukleus, Shreenath & More

IPO Calendar: New Issues and Listings to Track Next Week

The primary market remains active with two new IPOs opening for subscription, both in the SME segment. Additionally, investors will be watching five listings, including Quality Power Electrical's debut in the mainboard segment.

New IPOs Opening Next Week

Here's a look at the new IPOs launching next week:

Nukleus Office Solutions IPO

• Opening Date: February 24
• Price: Rs 234 per share
• Issue Type: Fresh Equity Sale of 13.54 lakh shares (no OFS component)
• Listing Platform: NSE SME

Nukleus Office Solutions offers co-working and managed office spaces in Delhi NCR. They provide furnished and flexible workspaces for startups, SMEs, large enterprises, professionals, and entrepreneurs. Sundae Capital Advisors is managing the IPO, with Bigshare Services as the registrar.

Shreenath Paper Products IPO

• Issue Size: Rs 23 crore
• Price: Rs 44 per share
• Issue Type: Fresh Equity Sale of 53.1 lakh shares
• Minimum Lot Size: 3,000 shares

Shreenath Paper Products provides supply chain solutions to industries where paper is a major raw material. The net proceeds from the IPO will be used for meeting incremental working capital requirements and general corporate purposes. Galactico Corporate Services is the book-running lead manager, while Bigshare Services is the registrar.

Check more details about Latest IPO this week in our main page.

Listings to Watch

In addition to the new IPOs, the market will witness five listings, with Quality Power Electrical debuting in the mainboard segment. Investors will be tracking these listings closely.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Buffett's Letter: Berkshire's $334B Cash, Successor & Insights

Warren Buffett Celebrates Berkshire Hathaway's 60-Year Success, Acknowledges Mistakes

In his annual letter to shareholders, Warren Buffett celebrated the remarkable success of Berkshire Hathaway over the past year and the six decades since he transformed a struggling textile company into a massive conglomerate. Buffett reflected on his tenure while also looking ahead to the future leadership of the company.

Succession and Leadership

Buffett acknowledged making occasional mistakes throughout his career but reassured shareholders that his chosen successor, Greg Abel, is well-prepared to seize investment opportunities. He emphasized Abel's ability to act decisively when compelling opportunities arise.

Financial Strength

Berkshire Hathaway boasts an impressive $334.201 billion in cash, driven by selling off significant portions of its Apple and Bank of America stock and continuous revenue generation from its diverse subsidiaries, including Geico insurance, BNSF railroad, major utilities, and well-known retail brands like Dairy Queen and See's Candy. This cash reserve is almost double the $167.6 billion held a year ago.

Recent Investments

Buffett deployed some of this cash last year by:

• Spending $3.9 billion to acquire the remaining portion of its utility business.
• Investing $2.6 billion to purchase the rest of the Pilot truck stop chain.
• Increasing Berkshire's investment in five major Japanese conglomerates.

Berkshire's investments in these Japanese conglomerates now total $13.8 billion over the past six years and are currently valued at $23.5 billion.

No Dividends Planned

Despite the significant cash reserves and difficulty in finding major acquisitions, Buffett reaffirmed that Berkshire Hathaway has no plans to offer a dividend.

Shareholder Meeting Changes

Acknowledging his age, Buffett announced that this year's shareholder meeting in May, which typically attracts tens of thousands of attendees, will be shorter. The question-and-answer session with Buffett and Berkshire's two vice chairmen will be reduced by several hours.

Buffett also mentioned his increased reliance on a cane to prevent falls.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Schneider Electric to Add 3 Plants in India: Expansion Plans

Schneider Electric to Open Three New Manufacturing Plants in India

Energy management and automation giant Schneider Electric has announced its plan to open three more manufacturing plants in India. This move signifies the company's commitment to expanding its industrial footprint and capitalizing on India's growth opportunities.

Expansion Details

The three new plants will be located in:

• Kolkata
• Hyderabad
• Ahmednagar

The announcement was made by Schneider Electric CEO Olivier Blum at the inaugural session of Elecrama 2025, organized by industry body IEEMA in Greater Noida.

Investment and Growth Strategy

Schneider Electric has already committed investments of Rs 3,200 crore to expand its industrial presence in India, with plans to add nearly 1.2 million sq.ft. area by 2026. The company currently operates 31 manufacturing plants in the country.

India's Market Potential

Olivier Blum highlighted India's focus on digitalization, sustainability, energy transition, and infrastructure modernization as providing unparalleled opportunities for growth. Schneider Electric aims to leverage AI and digitization to accelerate growth in the Indian energy sector.

The company believes that advanced technologies such as digital grids, IoT-enabled distributed energy resources, microgrids, smart buildings, and smart cities will reduce emissions by 75% over the next 25 years.

Strategic Hub for Global Growth

India is Schneider Electric's third-largest market globally and one of its four global hubs. The company is dedicated to investing in India's future, creating jobs, and contributing to sustainable development.

Product Showcase at ELECRAMA

Schneider Electric showcased a range of electrical and automation products and solutions at ELECRAMA, designed to accelerate India's energy transition. Deepak Sharma, Zone President - Greater India, managing director & chief executive officer, emphasized that the company's efficient, resilient, and sustainable portfolio will empower Indian companies on their digitization and decarbonization journey.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Granules Acquires Swiss Firm Senn: Peptide, CDMO Foray

Granules India Expands into Peptide Segment with Acquisition of Swiss Firm

Granules India is set to enter the peptide segment and Contract Development and Manufacturing Organisation (CDMO) business through the acquisition of Swiss firm Senn Chemicals AG for ₹192.5 crore (CHF 20 million).

Acquisition Details

Founded in 1963 and headquartered in Dielsdorf, Switzerland, Senn Chemicals AG specializes in custom peptide manufacturing, serving global clients in pharmaceuticals, cosmetics, and theragnostics. The acquisition, subject to certain conditions, is expected to close in the first half of 2025.

Strategic Rationale

The acquisition brings Senn's expertise in Liquid-Phase Peptide Synthesis (LPPS) and Solid-Phase Peptide Synthesis (SPPS), along with a strong CDMO business and established customer relationships. This will enable Granules to enter the high-growth peptide-based therapeutics market, including the rapidly expanding peptide-based anti-diabetic and anti-obesity sector, focusing on Glucagon-like peptide-1 (GLP-1) receptor agonists and other next-generation therapeutics.

GLP-1 Based APIs

Granules and Senn are jointly developing two GLP-1 based active pharmaceutical ingredients (APIs), with plans to expand the portfolio using Senn’s R&D capabilities.

Expansion of CDMO Capabilities

With this acquisition, Granules will leverage Senn’s European presence and innovation-driven peptide platform to accelerate its CDMO expansion. This aims to meet the growing demand for Amino Acid Derivatives (AAD), peptide fragments, and peptide-based therapeutics.

CMD's Perspective

Granules CMD Krishna Prasad Chigurupati stated that the acquisition marks a significant milestone, allowing the company to enter the rapidly growing peptide therapeutics segment and acquire CDMO capabilities. He emphasized that Senn’s expertise in peptide synthesis, combined with Granules' large-scale, cost-efficient manufacturing capabilities, will position them to deliver high-quality peptide-based solutions globally.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Gold Price Outlook: India (Feb 23-28) - Will Prices Keep Rising

Gold Prices in India: Weekly Outlook (Feb 23-28) - Will the Rally Continue?

Gold prices in India have been on a strong upward trajectory, surging for seven consecutive weeks amidst global uncertainties. This analysis provides a weekly outlook for gold and silver prices in India from February 23 to 28, 2025.

Gold and Silver Price Range

Experts predict that gold and silver may trade within the following ranges:

• Gold: Rs 84,500 - Rs 86,500 per 10 grams
• Silver: Rs 94,000 - Rs 98,000 per kilogram

Recent Performance

Last week, gold prices in India reached a new all-time high of Rs 88,040 per 10 grams before slightly retreating. On the MCX, gold hit a record high of 86,592, while silver closed above 97,000.

Current Gold Prices (February 22)

• 24K Gold: Rs 87,770 per 10 grams
• 22K Gold: Rs 80,450 per 10 grams
• 18K Gold: Rs 65,820 per 10 grams

Gold prices have surged by nearly 4% so far in February.

Silver Prices

The price of silver in India is currently at Rs 100.50 per gram and Rs 1,00,500 per kilogram.

MCX Gold and Silver Prices

Last week, MCX gold (April 2025) stood at Rs 86,020 per 10 grams. MCX silver (March 2025) closed at Rs 96,156 per kilogram.

Spot Gold Price

Trading Economics reported that spot gold traded around $2,930 per ounce on Friday, near its record high of $2,950. The surge is attributed to gold's safe-haven appeal amid rising global uncertainties.

Factors Driving Gold Prices

Several factors are contributing to the ongoing surge in gold prices:

• Global Uncertainty: Escalating trade tensions due to potential additional tariffs on lumber, cars, semiconductors, and pharmaceuticals.
• Geopolitical Risks: Concerns about the US potentially withdrawing support for Ukraine.
• Safe-Haven Demand: Gold is considered a safe-haven asset during times of uncertainty.

Potential Influences on Gold Prices

• US Treasury Yields: A decline in US Treasury yields could weaken the US dollar, supporting gold prices.
• Ukraine Negotiations: A concrete peace agreement between the US and Russia regarding Ukraine could weigh on gold prices.
• Inflationary Pressures: Policymakers' concerns about trade policy shifts and higher tariffs contributing to inflationary pressures could support higher gold prices.

Gold-Silver Ratio

The gold-silver ratio recently declined, indicating that silver is likely to continue outperforming gold in the near term. SMC expects gold and silver to trade within the ranges of 84,000-87,000 and 94,000-98,500, respectively.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Rail Vikas Nigam Signs Major Agreement with BSNL for BharatNet Project Despite Q3 Profit Decline

Rail Vikas Nigam Limited (RVNL) has marked a significant milestone by signing a crucial Project Implementation Agency (PIA) agreement with BSNL, while simultaneously navigating through challenging quarterly results. The state-owned enterprise continues to demonstrate its strategic expansion beyond traditional railway infrastructure development.

Major BharatNet Project Agreement

In a significant development, RVNL has formed a consortium with HFCL Ltd and Aerial Telecom Solutions Pvt. Ltd to execute a major digital infrastructure project:

• Project value: ₹13,253 crore
• Implementation timeline: 3-year construction period followed by 10-year maintenance
• Maintenance fees structure:
  • First five years: 5.5% of capital expenditure annually
  • Next five years: 6.5% of capital expenditure annually

Q3 FY25 Financial Performance

The company's third-quarter results for FY25 showed mixed performance:

• Net profit declined by 13.1% YoY to ₹311.6 crore
• Revenue decreased by 2.6% YoY to ₹4,567.4 crore
• EBITDA fell by 3.9% to ₹239.4 crore
• EBITDA margin maintained at 5.2%

Stock Performance Analysis

RVNL's stock has shown mixed performance across different time frames:

• Current trading price: ₹380.05 on NSE
• Daily performance: +0.85%
• Year-to-date correction: -11%
• One-year return: +42%

Future Outlook and Business Prospects

Despite the quarterly decline, RVNL maintains a positive outlook:

• Revenue guidance for FY25 maintained at ₹22,000 crore
• The BharatNet project positions RVNL strategically in India's digital infrastructure development
• Diversification beyond core railway infrastructure indicates potential new revenue streams

Company Background and Achievements

As a Navratna CPSE under the Ministry of Railways, RVNL has established itself as a crucial player in India's infrastructure development:

• Established in 2003 with a focus on rail infrastructure development
• Successfully completed major projects including:
  • Patna-Mughalsarai section doubling
  • Lucknow-Kanpur high-speed rail corridor
• Operates with independent board and management structure

Strategic Implications

The new BSNL agreement represents a strategic expansion of RVNL's capabilities and market presence:

• Diversification into digital infrastructure development
• Long-term revenue visibility through the 13-year project duration
• Contribution to the Digital India mission through BharatNet implementation
• Enhanced position in government infrastructure projects beyond railways

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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India's Revolutionary EV Policy: Import Duties Slashed from 110% to 15% as Global Automakers Show Interest

In a landmark move set to transform India's electric vehicle landscape, the government is preparing to introduce a groundbreaking policy that will dramatically reduce import duties on premium EVs. This strategic decision aims to attract major global automakers and accelerate the country's transition to electric mobility.

Revolutionary Import Duty Reduction

The centerpiece of the new policy is a dramatic reduction in import duties for premium electric vehicles. Under the proposed changes, import duties will be slashed from 110% to just 15% for EVs priced above USD 35,000. This substantial reduction represents one of the most significant policy shifts in India's automotive sector in recent years.

Investment and Performance Requirements

To qualify for these reduced import duties, manufacturers must meet several stringent criteria:

• Make a minimum investment of Rs 4,150 crore in India, excluding existing investments and real estate costs
• Achieve a turnover of Rs 2,500 crore by the second year of operations
• Scale up to Rs 5,000 crore by the fourth year
• Reach Rs 7,500 crore by the fifth year

Implementation Timeline and Localization Goals

The policy includes specific timelines and localization requirements:

• A 120-day application window once the policy is officially announced
• Permission to import up to 8,000 premium EVs annually at the reduced duty rate
• Mandatory achievement of 25% local value addition in the first year
• Requirement to reach 50% localization within 5 years
• Establishment of local manufacturing facilities within 3 years of approval

Tesla's Strategic Entry Plans

Tesla, one of the most anticipated beneficiaries of this policy, has already outlined ambitious plans for the Indian market:

• Launch of a new affordable EV model priced between Rs 21-22 lakh by April 2025
• Initial showroom launches in Delhi and Mumbai
• Establishment of import operations near Mumbai
• Market expansion to Bengaluru by Q3 2025

Global Automakers' Interest

The policy has attracted attention from other major automotive players:

• Hyundai and Volkswagen have engaged in preliminary discussions with the government
• Both companies are exploring opportunities to bring their premium EV models to India
• The reduced import duties could lead to a wider range of global EV brands entering the Indian market

Market Impact and Future Outlook

This policy initiative is expected to have far-reaching effects on India's automotive sector:

• Significant reduction in premium EV prices, making them more accessible to Indian consumers
• Acceleration of EV adoption across different market segments
• Development of a robust EV manufacturing ecosystem in India
• Creation of new employment opportunities in the automotive sector

Approval letters for eligible manufacturers are expected to be issued by July or August 2025, potentially leading to a substantial increase in premium EV offerings in the Indian market by late 2025 or early 2026.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Gold Prices Retreat After Four-Day Rally: Analysis of Price Movements Across Major Indian Cities

In a significant market development, gold prices across India experienced a sharp decline on Friday, February 21, 2025, following an impressive rally that saw prices surge by Rs 19,700 over the previous four days. This retreat from record highs comes amid steady dollar performance and evolving global trade dynamics.

Current Gold Price Analysis

The precious metal witnessed notable corrections across various purity levels:

• 24K Gold experienced a decrease of Rs 2,900 per 100 grams, settling at Rs 8,77,500, while the 10-gram rate adjusted to Rs 87,750
• 22K Gold saw a more substantial decline of Rs 4,500 per 100 grams, reaching Rs 8,02,500, with 10-gram prices at Rs 80,250
• 18K Gold decreased by Rs 3,700 per 100 grams, settling at Rs 6,56,600, with 10-gram rates at Rs 65,660

Regional Price Variations

Major Indian cities showed interesting price variations in the gold market:

• Mumbai and Delhi maintained consistent pricing with 24K gold at Rs 87,750 per 10 grams
• Chennai reported slightly lower rates at Rs 87,550 per 10 grams for 24K gold
• Hyderabad stood out with higher prices, offering 24K gold at Rs 88,100 per 10 grams
• Vadodara and Ahmedabad showed uniform pricing at Rs 87,600 per 10 grams for 24K gold

Silver Market Performance

The silver market also experienced adjustments, with prices showing regional variations:

• Most major cities reported silver prices at Rs 1,00,400 per kg
• Southern cities including Chennai, Hyderabad, and Kerala saw higher rates at Rs 1,07,900 per kg
• The per-gram silver rate stabilized at Rs 100.40

MCX Trading Insights

The futures market reflected the overall bearish sentiment:

• MCX Gold (April 2025 expiry) traded at Rs 85,641 per 10 grams, showing a decline of 0.5%
• MCX Silver (March 2025 expiry) settled at Rs 96,566 per kg, recording a 0.6% decrease

Global Market Factors

Several key factors are currently influencing gold prices:

• International spot gold prices hover around $2,930 per ounce, near the recent record high of $2,950
• Growing global trade tensions following announcements of potential new tariffs on various sectors
• Geopolitical uncertainties surrounding international relations and policy shifts
• Increased gold exports from Switzerland, particularly to the US market

Market Outlook

According to technical analysis from market experts, gold prices are expected to see continued correction in the short term. Trading recommendations suggest potential selling opportunities at Rs 86,300 with specific target ranges. However, the overall market sentiment remains influenced by global economic factors and geopolitical developments.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Aster DM Healthcare Announces Massive Rs 850 Crore Investment Plan for Kerala's Healthcare Sector

In a significant move that promises to reshape Kerala's healthcare landscape, Aster DM Healthcare has unveiled an ambitious investment plan worth Rs 850 crore over the next three years. This announcement, made during the prestigious Invest Kerala Global Summit 2025, demonstrates the company's strong commitment to enhancing healthcare infrastructure and services in the state.

Building on Previous Success

This latest investment initiative follows Aster DM Healthcare's successful deployment of Rs 500 crore in Kerala over the past three years. The company has already established a robust presence in the state through its network of seven hospitals, which currently maintain a total capacity of 2,635 beds. These existing facilities have proven their significance, contributing to an impressive 53 percent of the company's total revenue in India.

Strategic Expansion Plans

The healthcare provider has outlined several key objectives for this substantial investment:

• Infrastructure Development: A significant portion of the investment will be directed towards upgrading and expanding existing healthcare facilities while potentially establishing new ones to meet growing demand.
• Enhanced Bed Capacity: The company aims to increase its total bed count in Kerala to 3,453 beds by fiscal 2027, representing a substantial expansion of their current capabilities.
• Employment Generation: The investment is expected to create 4,200 new job opportunities, contributing significantly to the state's healthcare workforce and economic growth.

Leadership Vision

Dr. Azad Moopen, Founder and Chairman of Aster DM Healthcare, expressed his optimism about the investment during the summit, stating, "We plan to invest an additional Rs 850 crore in the next three years to further strengthen Kerala's healthcare landscape. Our expansion plans reflect our unwavering belief in Kerala's potential as a leader in healthcare innovation and accessibility."

Economic and Social Impact

This strategic investment is expected to deliver multiple benefits to Kerala's healthcare sector and economy:

• Enhanced Healthcare Access: The expansion will improve healthcare accessibility for residents across different regions of Kerala, potentially reducing waiting times and improving patient care.
• Economic Growth: The creation of 4,200 new jobs will provide significant employment opportunities for healthcare professionals and support staff, contributing to local economic development.
• Healthcare Innovation: The investment in infrastructure and medical services is likely to bring advanced medical technologies and innovative healthcare solutions to the state.

Looking Ahead

As Aster DM Healthcare continues to strengthen its presence in Kerala, this investment marks a significant step toward establishing the state as a premier healthcare destination. The company's commitment to expanding its infrastructure while creating substantial employment opportunities demonstrates its long-term vision for healthcare development in the region.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Swiggy Injects Rs 1,000 Crore into Logistics Arm Scootsy for Strategic Expansion

Swiggy Announces Rs 1,000 Crore Strategic Investment in Logistics Arm to Fuel Growth

In a significant move to strengthen its delivery infrastructure, Swiggy Ltd. has announced a major capital injection of Rs 1,000 crore into its wholly-owned logistics subsidiary, Scootsy Logistics Private Limited. This strategic investment, approved by the company's board, aims to support the expansion of its delivery network and enhance operational capabilities.

Investment Structure and Purpose

The investment will be executed through a rights issue subscription, with the funds being deployed in multiple tranches. According to the company's regulatory filing, this substantial capital infusion is specifically earmarked for working capital requirements and capital expenditures to support Scootsy's ambitious growth plans.

Scootsy's Growth Trajectory

Scootsy Logistics, established in November 2014, has demonstrated remarkable growth in recent years. The company's financial performance shows a consistent upward trend:

• FY 2024: Achieved a turnover of Rs 5,795.7 crore, marking significant growth from previous years
• FY 2023: Recorded revenue of Rs 3,686.2 crore, showing substantial year-over-year growth
• FY 2022: Posted revenue of Rs 1,580.3 crore, establishing a strong foundation for future growth

Swiggy's Current Financial Position

While investing heavily in its logistics subsidiary, Swiggy's own financial metrics present a mixed picture. The company reported:

• Q4 2024 Revenue: Rs 3,993.07 crore, representing a 10.9% increase quarter-over-quarter
• Q4 2024 Loss: Rs 799 crore, compared to Rs 625.5 crore in the previous quarter

Market Performance and Analyst Outlook

Swiggy's stock performance has faced some headwinds since its November listing, with shares currently trading at Rs 360.55 on the National Stock Exchange, marking a 20.9% decline from its listing price. However, analyst sentiment remains predominantly positive:

• 12 analysts maintain a 'buy' rating
• 2 analysts suggest a 'hold' position
• 3 analysts recommend a 'sell' rating

The consensus among analysts suggests a potential upside of 47.7% over the next 12 months, indicating strong confidence in the company's long-term prospects despite current market challenges.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Nifty Next50 Index Revision: Swiggy, Hyundai Join as Jio Financial, Zomato Exit

Major Reshuffle: Swiggy, Hyundai Among Seven New Entrants in Nifty Next50 Index

The National Stock Exchange (NSE) has announced significant changes to its Nifty Next50 index, introducing seven new companies while removing an equal number in its latest semi-annual review. This restructuring reflects the dynamic nature of India's evolving corporate landscape and the emergence of new-age companies in the market.

New Additions to Nifty Next50

The following companies have secured their positions in the prestigious index:

• Bajaj Housing Finance
• BPCL (Bharat Petroleum Corporation Limited)
• Hyundai Motor India
• Indian Hotels
• Swiggy
• CG Power
• Britannia Industries

Companies Exiting the Index

To accommodate the new entrants, the following companies will exit the Nifty Next50:

• Adani Total Gas
• BHEL (Bharat Heavy Electricals Limited)
• IRCTC (Indian Railway Catering and Tourism Corporation)
• Jio Financial Services
• NHPC
• Union Bank of India
• Zomato

Related Nifty50 Changes

In a parallel development, the flagship Nifty50 index is also witnessing significant changes:

• New Entrants: Zomato and Jio Financial Services will join the Nifty50
• Exits: BPCL and Britannia Industries will move out of the index

Expected Market Impact

According to JM Financial's projections, these changes will trigger substantial fund flows:

• Zomato could see passive inflows of $702 million
• Jio Financial Services may attract $404 million in inflows
• BPCL and Britannia Industries might face outflows of $240 million and $260 million respectively

Implementation Timeline

All these changes will become effective from March 28, 2025, giving market participants adequate time to adjust their portfolios accordingly.

About Nifty Next50 Index

The Nifty Next50 serves as a crucial bridge between large-cap and mid-cap segments, comprising companies ranked from 51 to 100 by market capitalization on the NSE. The index undergoes semi-annual reviews based on multiple factors:

• Market capitalization
• Trading liquidity
• Sector representation
• Overall market relevance

This rebalancing ensures the index maintains its relevance and provides investors with exposure to emerging large-cap opportunities in the Indian market.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Nifty Smallcap 100 Index Adds 22 New Stocks: FirstCry, Reliance Power Join, Zee Entertainment Exits

Major Reshuffle in Nifty Smallcap 100: FirstCry, Reliance Power Among 22 New Entrants

The National Stock Exchange (NSE) has announced significant changes to its Nifty Smallcap 100 index as part of its semi-annual review. Twenty-two new stocks will be added to the index, while an equal number will exit, marking one of the most substantial reshuffles in recent times.

Key New Inclusions

The latest revision brings several notable companies into the smallcap index, including:

• Brainbees Solutions (FirstCry operator)
• Afcons Infrastructure
• Delhivery
• Devyani International
• Reliance Power
• Tata Chemicals
• IDBI Bank
• Poonawalla Fincorp

Notable Exclusions

Several prominent companies will exit the index, including:

• Zee Entertainment Enterprises
• NMDC Steel
• Central Bank of India
• Blue Star
• Happiest Minds Technologies
• RBL Bank
• Glenmark Pharmaceuticals

Implementation Timeline

The changes will take effect from March 28, 2025 (after market close on March 27, 2025). This four-week notice period allows market participants adequate time to adjust their portfolios accordingly.

Index Rebalancing Process

NSE Indices, a subsidiary of India's largest stock exchange, follows a structured approach for index rebalancing:

• Semi-annual evaluation periods with cut-off dates on January 31 and July 31
• Assessment based on six-month average performance metrics
• Focus on reflecting current market dynamics accurately
• Four-week advance notice period for all changes

Complete List of New Entrants

Additional companies joining the index include:

• Godfrey Phillips India
• Himadri Speciality Chemical
• International Gemmological Institute (India)
• Kfin Technologies
• Neuland Laboratories
• Newgen Software Technologies
• Nuvama Wealth Management
• PCBL Chemical
• PG Electroplast
• Sagility India
• Welspun Corp
• Zen Technologies

This comprehensive revision of the Nifty Smallcap 100 index reflects the dynamic nature of India's equity markets and the evolving landscape of small-cap companies.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Cube Highways Trust Successfully Raises Rs 600 Crore Through Long-Term Bond Issue

Cube Highways Trust Successfully Raises Rs 600 Crore Through Bond Issue

Cube Highways Trust has successfully completed a significant bond issuance of Rs 600 crore, arranged by Axis Bank Ltd. The offering attracted diverse institutional investors, marking a notable achievement in infrastructure financing.

Bond Issue Details

The Infrastructure Investment Trust's board has approved the allotment of Non-Convertible Debentures (NCDs) with the following specifications:

• Number of NCDs: 60,000 units
• Face Value: Rs 1 lakh per unit
• Total Value: Rs 600 crore
• Tenure: 19 years and 1 month
• Issuance Type: Private placement
• Date of Allotment: February 21, 2025

Investment Participation

The bond issue garnered strong interest from various institutional investors, including:

• Banks
• Insurance companies
• Development financial institutions

Purpose and Utilization

The funds raised through these listed, secured Non-Convertible Debentures will be utilized for refinancing the debt of Cube InvIT's recently acquired Special Purpose Vehicle. This strategic refinancing is expected to optimize the trust's debt structure and enhance financial efficiency.

Management Perspective

Pankaj Vasani, Group CFO of Cube InvIT, expressed satisfaction with the market response, stating that "The feedback from capital markets during this raise accentuates strong investor confidence in Cube InvIT's financial prudence and growth potential."

About Cube Highways Trust

Cube Highways Trust operates as an irrevocable trust established under the Indian Trusts Act, 1882, and is registered with SEBI as an Infrastructure Investment Trust. The organization is backed by a prestigious group of international investors:

• I Squared Capital
• A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA)
• British Columbia Investment Management Corporation
• Mubadala Investment Company (Abu Dhabi's sovereign investor)

The successful completion of this bond issue was supported by key financial and legal partners, including Trilegal and Cyril Amarchand Mangaldas as legal advisors, and Catalyst Trusteeship Limited as the debenture trustee.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Brigade Group to Invest Rs 1,500 Crore in Kerala: WTC and Luxury Resort Plans Unveiled

Brigade Group Announces Massive Rs 1,500 Crore Investment Plan for Kerala Expansion

In a significant boost to Kerala's real estate and hospitality sectors, Brigade Group has announced an ambitious investment plan worth Rs 1,500 crore for the state. This strategic expansion is expected to generate substantial employment opportunities and strengthen the company's presence in the region.

Investment Details and Job Creation

The expansion plan, formally presented through an Expression of Interest at the Invest Kerala Global Summit 2025, demonstrates Brigade Group's strong commitment to the state's development. The investment is projected to create approximately 12,000 new jobs over the next five years, making it a significant contributor to Kerala's employment landscape.

Major Development Projects

The investment strategy encompasses several major projects:

• A second World Trade Center in Kerala, complementing the existing WTC in Kochi, further establishing the state's position in global business infrastructure
• A new residential development project in Kochi, addressing the growing demand for quality housing in the region
• An exclusive luxury island resort at Vaikom, enhancing Kerala's premium hospitality offerings

Project Timeline and Government Support

The company has set an ambitious target to complete these projects by 2030. The Kerala government has pledged its support for these initiatives, promising necessary regulatory facilitation within the framework of applicable laws. This collaboration between the public and private sectors is expected to expedite project implementation and ensure smooth execution.

Company Background and Track Record

Brigade Enterprises Ltd., the flagship company of Brigade Group, brings considerable expertise to these projects. Established in 1986, the group has built a strong reputation in property development across South India. Their portfolio includes successful projects in major cities including:

• Bengaluru
• Mysuru
• Hyderabad
• Chennai
• Kochi

The group's diverse experience spans residential developments, office spaces, retail establishments, and hospitality projects, positioning them well for this major expansion in Kerala.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Tata Capital Announces Rights Issue Plans, Prepares for Rs 15,000 Crore IPO

Tata Capital Plans Rights Issue Amid Preparations for Major IPO Launch

In a significant development for India's financial sector, Tata Capital, the non-banking finance arm of the prestigious Tata Group, has announced plans to discuss a potential rights issue in its upcoming board meeting. This strategic move comes as part of the company's broader financial planning initiatives, which include preparation for a substantial initial public offering (IPO).

Rights Issue Consideration

The board of directors will convene on Tuesday to evaluate the possibility of raising capital through a rights issue to existing shareholders. This decision is particularly notable given that Tata Sons currently holds a dominant 93% stake in the company, making them the primary beneficiary of any rights issue that may be approved.

Strategic IPO Preparations

The rights issue discussion comes at a crucial time as Tata Capital gears up for a significant market debut. The company is working on an initial public offering expected to exceed Rs 15,000 crore, a move that aligns with regulatory requirements set by the Reserve Bank of India (RBI). The IPO preparation has already gained momentum with the appointment of Kotak Mahindra Bank as the investment banker for the offering.

Regulatory Compliance and Timeline

The planned IPO is not merely a strategic choice but a regulatory necessity. As per RBI guidelines, upper-layer NBFCs are required to list their shares by September 2025. This regulatory framework aims to enhance transparency and governance in India's growing non-banking financial sector.

Additional Funding Initiatives

Beyond the rights issue and IPO plans, Tata Capital has outlined ambitious funding goals. The company recently announced its intention to raise Rs 15,000 crore through a combination of green bonds and non-convertible debentures. This multi-pronged approach to capital raising demonstrates the company's comprehensive strategy for growth and market expansion.

Market Implications

These developments at Tata Capital, a subsidiary of the $165 billion Tata Group, are likely to have significant implications for India's financial markets. The successful execution of these funding initiatives could potentially strengthen the company's position in the competitive NBFC sector while providing new investment opportunities for market participants.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Google Pay Introduces Convenience Fees on Card Payments: What Users Need to Know

Google Pay Introduces Convenience Fees for Card-Based Bill Payments in India

In a significant shift in its payment service model, Google Pay has announced the implementation of convenience fees for specific transaction types on its platform. This development marks a notable change in the digital payments landscape, particularly affecting users who rely on card-based payments for utility bills.

New Fee Structure Explained

Google Pay users will now face charges ranging from 0.5% to 1% of the transaction value, plus applicable GST, when making bill payments using credit or debit cards. This move represents a strategic shift from the platform's previous policy of absorbing these costs internally.

Impact on Different Payment Methods

It's crucial for users to understand that not all transactions will be affected by this new fee structure. Here's what you need to know:

• Card-based payments for utilities such as electricity and gas bills will now incur the convenience fee, making these transactions slightly more expensive for users.
• Direct bank account payments through UPI remain completely free, maintaining the platform's commitment to zero-cost basic digital transactions.

Industry Context and Market Trends

This decision aligns with broader industry practices, as other major players in the digital payments space, including PhonePe and Paytm, have already implemented similar fee structures for comparable services. The move comes against the backdrop of mounting operational costs in the fintech sector.

According to PwC analysis, the fintech industry absorbed approximately Rs 12,000 crore in costs for processing UPI transactions in FY24. This substantial financial burden has prompted platforms to explore sustainable revenue models while maintaining their service quality.

Current State of UPI Transactions

Despite these new fees, the UPI ecosystem continues to demonstrate robust growth. January 2025 witnessed an impressive 16.99 billion transactions, amounting to Rs 23.48 lakh crore, marking a substantial 39% increase compared to the previous year. This growth underscores the continuing popularity and reliability of UPI-based payment systems in India.

Government Policy and Digital Payments

It's worth noting that the Indian government's 2020 mandate waiving Merchant Discount Rate (MDR) for UPI transactions below Rs 2,000 remains in effect. While the government provides reimbursement for these costs, payment platforms are actively seeking additional revenue streams to ensure long-term sustainability.

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Maruti Suzuki Aims for 50% Indian PV Market Share by 2030

Maruti Suzuki Targets 50% Share in Indian PV Market by 2030 with Bold Expansion Plans

A Strategic Roadmap to Dominance

Maruti Suzuki, India’s leading carmaker, has set an ambitious goal to reclaim a 50% share of the Indian passenger vehicle (PV) market by 2030. Backed by its parent company, Suzuki Motor Corporation (SMC), Maruti aims to double its annual production capacity to 4 million units, diversify its vehicle lineup, and expand its manufacturing footprint to achieve this milestone.

This announcement reflects Maruti’s determination to solidify its position as the top automaker in India’s domestic market, lead the electric vehicle (EV) segment, and boost exports over the next five years. With rising competition and evolving consumer demands, the company is gearing up for a transformative journey.

Ramping Up Production and Infrastructure

To meet growing demand and position India as a global export hub, Maruti Suzuki plans to enhance its supply chain and production capabilities. The company is set to commission two new manufacturing facilities in Kharkhoda and Gujarat. These plants will gradually scale up to support the target of 4 million units per year, with timelines adjusted based on market conditions.

SMC emphasized that India remains its “most important market,” driving the company’s future growth. However, it also acknowledged the challenges: a fiercely competitive landscape and increasing customer expectations for quality, features, and services.

Strengthening the Product Lineup

Maruti Suzuki is sharpening its focus on key segments:

• SUVs and MPVs: Enhanced offerings in medium and large categories to capture a broader audience.
• Entry-Level Models: Tailored products designed to appeal to budget-conscious buyers.
• Green Mobility: A mix of battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), compressed natural gas (CNG), and fossil fuel vehicles (FFVs) suited to regional needs.

A notable highlight is the unveiling of the e-VITARA, Maruti’s first BEV, at the Bharat Mobility Show in January. The company plans to launch four BEV models by FY2030, signaling a strong push toward sustainable transportation.

Customer-Centric Innovation

Maruti Suzuki is investing heavily in product planning and development to align with Indian preferences. By introducing vehicles that resonate with local tastes, the company aims to stay ahead of competitors. Additionally, it’s redefining its sales channels: Nexa will cater to premium buyers, while Arena will serve a wider customer base, ensuring a seamless and tailored buying experience.

Why This Matters for Investors

For retail investors and market enthusiasts, Maruti’s aggressive growth strategy offers a compelling narrative. Doubling production capacity and venturing into EVs could enhance its market valuation, especially as India’s automotive sector shifts toward electrification. The focus on exports also positions Maruti as a global player, potentially boosting revenue streams.

However, challenges remain. Rising competition from rivals like Tata Motors and Hyundai, coupled with the costs of scaling infrastructure, could test Maruti’s execution. Investors should monitor how effectively the company balances innovation with profitability in this high-stakes plan.

Key Highlights

• Production Goal: 4 million units annually by 2030.
• EV Push: Four BEV models planned by FY2030.
• Market Share Target: Reclaim 50% of the Indian PV market.

Maruti Suzuki’s roadmap to 2030 is a bold bet on India’s automotive future. With a blend of capacity expansion, eco-friendly vehicles, and customer-focused innovation, the company is poised to reclaim its crown—if it can navigate the road ahead.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Burmans of Dabur Take Control of Religare Enterprises in 2025

Burmans of Dabur Secure Control of Religare Enterprises After 18-Month Battle

A Milestone Victory for the Burman Family

After an intense 18-month struggle, the Burman family, renowned for their leadership at Dabur, has successfully taken control of Religare Enterprises. This pivotal move marks a significant shift in their role from public shareholders to official promoters of the financial services company, amplifying their influence in India’s growing financial sector.

The Burmans’ journey to this achievement has been anything but smooth. With regulatory hurdles and boardroom challenges behind them, their persistence has paid off, positioning them as key players in Religare’s future. This transition not only strengthens their foothold but also opens new avenues for growth in financial services.

Ownership and Strategic Power

Currently, the Burman family holds a 25.2% stake in Religare Enterprises. This ownership level grants them the authority to pass special resolutions, a critical threshold for steering the company’s strategic direction. However, any plans to increase their stake beyond 26% will require approval from the Reserve Bank of India (RBI), ensuring regulatory oversight remains a key factor in their expansion ambitions.

Despite their newfound control, the Burmans have yet to appoint representatives to Religare’s board. Earlier attempts to nominate directors—Arjun Lamba, Abhay Agarwal, Ramanathan Gurumurthy, and Suresh Mahalingam—were stalled due to lack of RBI approval. Moving forward, they’ll need to propose new candidates or resubmit names that align with the regulator’s stringent criteria.

Who’s Leading the Charge?

Among the previously proposed directors, Arjun Lamba stands out as a trusted confidant of Dabur Chairman Mohit Burman. Lamba’s role as a director at Eveready Industries highlights his experience in corporate governance, making him a potential contender for Religare’s board once regulatory clearance is secured.

A Vision for Stability and Growth

A spokesperson for the Burman Group expressed optimism about this milestone, stating: “We are pleased to announce that we have acquired control of Religare and been designated as its promoters. Our priority is to instill stability, strengthen governance, and drive sustainable growth at Religare.” This vision underscores their commitment to transforming Religare into a robust financial services platform.

The Burmans aim to leverage Religare’s diverse portfolio, which spans lending, insurance, and broking services, to compete with industry giants. Their track record with Dabur, a household name in consumer goods, suggests they bring a wealth of business acumen to this venture.

What Lies Ahead for Religare?

While the Burmans have crossed a major hurdle, the road ahead involves navigating regulatory approvals and establishing a cohesive board. Their immediate focus will likely be on stabilizing operations and enhancing governance structures to rebuild investor confidence. For retail investors, this development signals potential growth opportunities as Religare evolves under new leadership.

• Key Takeaway #1: The Burmans’ 25.2% stake empowers them to influence Religare’s strategic decisions.
• Key Takeaway #2: RBI approval remains crucial for further stake increases and board appointments.
• Key Takeaway #3: Stability and sustainable growth are top priorities for Religare’s new promoters.

As the Burman family steps into this prominent role, their success will depend on balancing regulatory compliance with ambitious growth plans. For now, their control of Religare Enterprises marks a turning point in their pursuit of a stronger presence in India’s financial landscape.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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PhonePe Prepares for IPO with 73% Revenue Growth in FY24

PhonePe Gears Up for IPO on Indian Stock Exchanges

A Milestone Move for India’s Fintech Leader

India’s fintech sector is abuzz as PhonePe, a dominant force in digital payments, embarks on its journey toward an initial public offering (IPO) on Indian stock exchanges. Announced on February 20, 2025, this step marks a significant milestone for the Walmart-backed company, aligning it with other tech unicorns tapping into India’s thriving public markets.

Strategic Relocation and Restructuring

In a bold move, PhonePe shifted its base from Singapore to India in December 2022. This transition wasn’t just geographic—it came with a revamped corporate structure. The company now operates its non-payment businesses as fully owned subsidiaries, setting a strong foundation for its IPO ambitions. This reorganization showcases PhonePe’s commitment to scaling operations in its home market.

Financial Strength Drives IPO Momentum

PhonePe’s financial performance is a key driver behind its public listing plans. In FY24, the company achieved a remarkable 73% surge in revenue, hitting Rs 5,064 crore. This growth stems from smarter cost management and a broader product lineup. Even more impressive, PhonePe posted an adjusted profit after tax of Rs 197 crore, reversing a Rs 738 crore loss from the prior year. These figures signal a maturing business ready for the public stage.

Ruling the UPI Landscape

PhonePe isn’t just growing—it’s leading. The Bengaluru-based fintech holds a commanding 48% share of India’s Unified Payments Interface (UPI) market, outpacing its nearest rival at 37%. Despite regulatory efforts to limit any single player to a 30% cap, deadline extensions—now set for December 31, 2024—have eased concerns, giving PhonePe room to pursue its IPO without immediate pressure.

Timing the Market Perfectly

Why now? PhonePe’s leadership has long eyed profitability as a prerequisite for going public. With a valuation of $12 billion from its last funding round and consistent profit trends in the current fiscal year, the timing feels right. The company’s diverse offerings and India’s booming investor appetite for tech stocks add further fuel to this strategic leap.

Overcoming Regulatory Hurdles

Uncertainty around UPI market share caps once cast a shadow over PhonePe’s IPO plans. Founder Sameer Nigam previously expressed reluctance to list without clarity on the 30% limit, citing risks to retail investors. Yet, with extensions in place and speculation that the cap may never fully materialize, PhonePe is moving forward confidently.

What’s Next for PhonePe?

For retail investors and market watchers, PhonePe’s IPO journey is one to watch. Its blend of market leadership, financial turnaround, and strategic restructuring makes it a standout candidate in India’s fintech space. As the company progresses through the IPO process, it could redefine benchmarks for tech listings in the country.

Check Latest IPO this week in our main page.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Vedanta Demerger Approved: Creditors Greenlight Restructuring Plan

Vedanta Secures Creditors' Approval for Demerger

Vedanta, controlled by Anil Agarwal, has received approval from its creditors for its planned demerger, surpassing the required 75% support with an overwhelming 83%. This significant milestone clears the path for Vedanta to divide the mining conglomerate into five distinct businesses.

Restructuring for Enhanced Value

The restructuring aims to enable separate listings of the divided businesses, which include:

• Aluminum
• Oil & Gas
• Power
• Steel
• Semiconductors

This strategic move is expected to enhance the overall worth of the Vedanta group by attracting investors particularly interested in specific sectors, including the company's newer and potentially riskier venture into semiconductors.

Demerger Details

• Vedanta's parent company, Vedanta Resources, will remain the holding entity.
• Shareholders will receive one share in each new entity for every Vedanta share they own.

Approvals and Modifications

The demerger scheme, initially approved by the board in September 2023, has received No Objection Certificates from both the BSE and NSE. While the initial plan involved a six-way division, it was later modified to create five separate entities.

Debt Reduction Efforts

The London-based parent company has successfully reduced its debt by over $4 billion in the past two years and intends to clear an additional $3 billion over the next three years. On Tuesday, Vedanta's shares closed at Rs 417 on the BSE, reflecting a modest increase of 0.3%.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Bharat Global Developers Q3 Results: Revenue Soars, Profit Up

Bharat Global Developers Q3 Results: Profit Surges 189.58% YoY, Revenue Reaches ₹276.03 Crore

Bharat Global Developers announced its Q3 results for 2025, showcasing a remarkable increase in topline revenue by 26188.57% year-on-year and a profit surge of 189.58% year-on-year. The profit for the quarter stood at ₹1.39 crore, with revenue reaching ₹276.03 crore.

Key Financial Highlights

• Revenue: ₹276.03 crore
• Profit: ₹1.39 crore
• Revenue Growth (YoY): 26188.57%
• Profit Growth (YoY): 189.58%

Quarter-on-Quarter Performance

While the year-on-year performance was exceptional, the company's quarter-on-quarter results present a mixed picture. Revenue grew by 27.58% compared to the previous quarter, but profit experienced a significant drop of 86.25%. This highlights the volatility in the company's financial performance.

Expense Management

The Selling, General & Administrative expenses rose by 11.11% quarter-on-quarter but remained unchanged year-on-year. This suggests a stable cost structure despite fluctuating revenues.

Operating Income

The operating income for the quarter saw an impressive increase of 1530% quarter-on-quarter and 158.73% year-on-year, indicating a strong operational performance amidst the overall financial landscape.

Earnings Per Share (EPS)

The Earnings Per Share (EPS) for Q3 was recorded at ₹0.14, reflecting a decrease of 83.53% year-on-year. This decline in EPS may raise concerns among investors regarding the sustainability of profit margins in the upcoming quarters.

Financial Table

Period	Q3 (FY25)	Q2 (FY25)	Q-o-Q Growth	Q3 (FY24)	Y-o-Y Growth
Total Revenue	276.03	216.35	+27.58%	1.05	+26188.57%
Selling/ General/ Admin Expenses Total	0.1	0.09	+11.11%	0	+0%
Depreciation/ Amortization	0.07	0.01	+600%	0	+0%
Total Operating Expense	274.39	216.25	+26.89%	0.42	+65230.95%
Operating Income	1.63	0.1	+1530%	0.63	+158.73%
Net Income Before Taxes	1.87	13.64	-86.29%	0.64	+192.19%
Net Income	1.39	10.11	-86.25%	0.48	+189.58%
Diluted Normalized EPS	0.14	1.03	-86.41%	0.85	-83.53%

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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FPI Selling Resumes: Rs 1,881 Cr Outflow, Market Trends

FPIs Resume Selling, Net Offload Equities Worth Rs 1,881 Crore

Foreign portfolio investors (FPIs) have resumed their selling spree in Indian equities, becoming net sellers again on Wednesday after a single session of net buying. They net offloaded stocks worth approximately Rs 1,881.3 crore.

On Tuesday, FPIs had been net buyers of equities, purchasing stocks worth Rs 4,786.6 crore.

Domestic Institutional Investors Continue Buying

Meanwhile, domestic institutional investors (DIIs) continued their buying streak for the eleventh consecutive session on Wednesday, net buying equities worth Rs 1,957.7 crore, according to provisional data from the National Stock Exchange.

February and 2025 Trends

So far in February, overseas investors have net sold stocks worth Rs 28,418 crore, according to data from the National Securities Depository Ltd (NSDL).

In 2025 to date, FPIs have sold equities worth Rs 1.06 lakh crore. In January alone, they offloaded stocks worth Rs 78,027 crore, as per the data.

Market Performance

India's benchmark indices experienced another session of muted performance on Wednesday, fluctuating between gains and declines within a rangebound trading pattern. Information technology and pharmaceutical stocks declined, while realty and metal stocks climbed.

• The NSE Nifty 50 ended 12.4 points or 0.05% lower at 22,932.9.
• The BSE Sensex closed 28.21 points or 0.04% lower at 75,939.18.

Intraday, the Nifty 50 fell 0.57% but remained above the critical support level of 22,800, while the Sensex lost 0.51% to stay just above 75,500.

Market Outlook

According to Aditya Gaggar, director of Progressive Shares, the Nifty 50 has remained within its established range of 22,800 to 23,100, indicating that the market is awaiting a breakout on either side to determine its next directional move.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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India Glycols: Rs 1,264 Crore Ethanol Contract & Q3 Results

India Glycols Secures Ethanol Supply Contract Worth Rs 1,264.20 Crore

India Glycols Ltd. has been awarded a significant contract to supply 18.06 crore liters of ethanol for Rs 1,264.20 crore under the Ethanol Blended Petrol (EBP) programme.

The company received an order for 17.53 crore liters of ethanol, valued at Rs 1227.10 crore, from major oil marketing companies including Bharat Petroleum Corp., Indian Oil Corp., and Hindustan Petroleum Corp.

In addition to this, India Glycols secured a further ethanol supply contract for 1227.10 crore liters worth Rs 37.10 crore from private oil companies, comprising Reliance Industries Ltd. and Nayara Energy Ltd.

Previous Orders

Earlier in December, India Glycols had already bagged orders worth Rs 1,164 crore for the supply of ethanol under the EBP programme. This included orders worth Rs 896 crore from Bharat Petroleum Corporation Ltd., Indian Oil Corporation Ltd., and Hindustan Petroleum Corporation Ltd., along with a remaining order of Rs 268 crore from Reliance Industries Ltd. and Nayara Energy Ltd.

India Glycols Q3 Performance

India Glycols has also demonstrated strong financial performance in the third quarter of the current fiscal year 2025:

• Net profit surged by 26% to Rs 56.81 crore, compared to Rs 41.63 crore in the same period last year.
• Revenue rose by 14.4% to Rs 975.20 crore, compared to Rs 904.22 crore in the year-ago period.
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) soared by 21% to Rs 123.66 crore.
• Margins expanded from 11.3% to 12.7%.

Stock Performance

Shares of India Glycols closed 7.62% higher at Rs 1,158.50 apiece on the NSE on Wednesday, compared to a 0.05% fall in the benchmark Nifty 50. The stock has risen by 32.54% in the last 12 months.

Analyst Ratings

Analysts tracking India Glycols suggest a 'buy' rating. The average 12-month analysts' price target implies a potential upside of 69.3%.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Goldman Sachs Invests Rs 401 Crore in BSE Shares: Details & Impact

Goldman Sachs Acquires BSE Shares for Rs 401 Crore in Open Market Deal

Goldman Sachs, a prominent banking and financial services firm, has purchased shares of the leading stock exchange BSE (formerly Bombay Stock Exchange) for Rs 401 crore through an open market transaction. The deal was executed on Wednesday, February 19, 2025.

According to bulk deal data available on the National Stock Exchange (NSE), Goldman Sachs, through its arm Goldman Sachs (Singapore), acquired 7.28 lakh shares of BSE Ltd.

Details of the Transaction

• Buyer: Goldman Sachs (Singapore)
• Shares Purchased: 7.28 lakh
• Average Price: Rs 5,504.42 per share
• Total Deal Value: Rs 401.19 crore

The identities of the sellers involved in the transaction could not be immediately ascertained on the exchange.

BSE Stock Performance

Following the announcement of the bulk deal, shares of BSE experienced a significant rally, closing 8.14% higher at Rs 5,608.50 per share on the NSE on Wednesday.

BSE's Financial Performance

On February 6, BSE reported a doubling of its net profit to Rs 220 crore for the three months ended December 2024. In the corresponding quarter of the previous fiscal year, the company posted a net profit of Rs 108.2 crore.

The exchange also recorded its highest-ever quarterly revenue of Rs 835.4 crore in the October-December period of the current financial year (FY25), representing a 94% jump from Rs 431.4 crore in the same period of the preceding fiscal.

BSE's average daily turnover for the quarter under review was Rs 6,800 crore, compared to Rs 6,643 crore a year ago.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Godrej Capital IPO: AUM Crosses Rs 15,000 Crore, Plans Unveiled

Godrej Capital Targets IPO in Three Years After AUM Surpasses Rs 15,000 Crore

Godrej Capital, the financial services arm of the Godrej Group, is aiming for an initial public offering (IPO) in approximately three years. This announcement comes as the company's assets under management (AUM) have crossed the Rs 15,000 crore mark.

Nadir Godrej, Managing Director of Godrej Industries, shared this timeline at the NDTV Profit Conclave in Mumbai. He emphasized that Godrej Capital is already generating significant profits and will continue to receive investments to fuel its expansion.

Key Milestones

Godrej highlighted that reaching an AUM of Rs 10,000-15,000 crore is a crucial milestone in the company's journey towards going public. With the recent achievement of surpassing Rs 15,000 crore, the company is well on its way to meeting this target.

Manish Shah, Managing Director and CEO of Godrej Capital, reported earlier this month that the company's AUM had exceeded Rs 15,000 crore in January 2025. He also projected that the AUM would reach Rs 30,000 crore by March 2026. Notably, in Tamil Nadu, the company has experienced growth exceeding 100%, with AUM rising to Rs 800 crore and expected to surpass Rs 1,000 crore by March 2025.

Profitability and Expansion Plans

Shah also revealed that Godrej Capital reported a profit of Rs 55 crore in the last financial year, with expectations to triple this figure to Rs 175 crore by March 2025. Furthermore, the company has 3,800 channel partners and plans to expand this network to over 10,000 in the next two years.

About Godrej Capital

Launched in 2022, Godrej Capital serves as the holding company for Godrej Housing Finance and Godrej Finance, focusing on home loans and loans against property. The company has received Rs 3,000 crore in equity from the Godrej Industries Group and has raised debt through banks and other financial institutions.

Current and Planned Operations

Godrej Capital currently operates in Mumbai, Bengaluru, Delhi-NCR, Ahmedabad, and Pune. The company is poised to expand its presence into Jaipur, Chandigarh, Hyderabad, Chennai, Indore, and Surat.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Mahindra & Anduril Partner on Autonomous Maritime & CUAS Tech

Mahindra Partners with Anduril to Develop Autonomous Maritime Systems

Mahindra Group has announced a strategic alliance with Anduril Industries, a U.S.-based technology company specializing in autonomous systems. The collaboration will focus on co-developing and co-producing Autonomous Maritime Systems, advanced AI-enabled Counter Unmanned Aerial Systems (CUAS) technologies, and Command and Control (C2) software.

This partnership aims to enhance regional security by deploying next-generation autonomous solutions and strengthening maritime operational capabilities.

Key Areas of Collaboration

The Mahindra-Anduril alliance will concentrate on several critical areas:

• Autonomous Underwater Vehicles (AUVs): Developing modular AUVs that can be rapidly deployed for security, surveillance, survey, and reconnaissance missions, significantly enhancing underwater operational capabilities.
• Counter-Unmanned Aerial Systems (CUAS): Creating advanced CUAS technologies capable of detecting and neutralizing drone threats, providing enhanced protection against unmanned aerial systems.
• Sensor Fusion Platform: Developing a sensor fusion platform to integrate multiple sensor technologies into a flexible, open API architecture, streamlining integration processes and accelerating the adoption of advanced technologies across complex security programs.

Leadership Insights

Vinod Sahay, Group Executive Board Member, Mahindra Group, emphasized the synergy between the two companies, stating, "This collaboration combines our deep engineering expertise with Anduril’s innovative solutions to deliver cutting-edge capabilities that enhance security and address emerging threats."

Greg Kausner, SVP- Global Defence, Anduril Industries, highlighted the evolving security landscape, stating, "Global security forces face a rapidly evolving set of threats from both emerging unmanned systems and legacy manned platforms, and Autonomy is key to maintaining a credible protection. We believe that our two companies together are well poised to bring cutting edge autonomy-enabled capabilities to the Indian market."

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Tata Steel's £1.25B UK Project Approved: Electric Arc Furnace

Tata Steel's Electric Arc Furnace Project in Port Talbot Receives Approval

Tata Steel UK's proposal to construct a £1.25 billion electric arc furnace steelmaking facility at Port Talbot in South Wales has been approved by the Neath Port Talbot Council’s Planning Committee.

Rajesh Nair, CEO of Tata Steel UK, expressed his satisfaction with the approval, stating, "We are very pleased to have secured approval to build sustainable steelmaking in Port Talbot. This is a significant milestone for the project, and we are committed to beginning large-scale work on-site this summer, ahead of the electric arc furnace starting up from the end of 2027."

Significant Investment in UK Steel Industry

The £1.25 billion investment is the most substantial in the UK steel industry in decades. It aims to secure high-quality steel production, preserve thousands of jobs, and safeguard steelmaking in Port Talbot for future generations.

Government Support and Job Preservation

The project is supported by £500 million of UK government funding. This investment will preserve 5,000 Tata Steel UK jobs and reduce on-site carbon dioxide emissions by 90% compared to previous blast furnace-based steelmaking – equivalent to 1.5% of the UK’s total direct carbon dioxide emissions.

Potential Job Impact

Tata Steel had previously indicated that the transition from blast furnace steelmaking to an electric arc furnace could potentially impact approximately 2,800 jobs.

Government Perspective

Business and Trade Secretary Jonathan Reynolds commented, “This is a major step forward in securing a bright, long-term future for steel in South Wales, following the improved deal for Port Talbot’s transition we agreed with Tata Steel and the next phase of our Plan for Steel – unveiled last week.”

He added, “Today’s news will provide security for Port Talbot’s green steel transition and help give Welsh steelmaking the certainty it needs to drive growth and attract investment, as part of our Plan for Change.”

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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