INDIA MACRO DASHBOARD FEB 2025 @ALLIESFIN
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TIME IN MARKET > TIMING MARKET @ALLIESFIN
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*News Headlines from Business News Agencies:*
*Business Standard*
📝 ONGC seeks joint venture partners to foray into ethane carrier business
📝 HAL, DIAT forge partnership to boost aerospace research, innovation
📝 Listed realtors report mixed bag Q3 as home sales moderate in top cities
📝 Ex-SBI chairman Khara to head panel to implement amendment to insurance law
📝 HSBC India's profit before tax rises 11.27% to $1.68 billion in 2024
📝 Plum to invest $6 mn over next 2 yrs to enter personal insurance segment
📝 Oyo-owned European holiday home brand 'DanCenter' debuts in India
📝 India-Qatar potential FTA must be approached with caution, says GTRI
📝 Carlyle-backed IT exporter Hexaware valued at $5 bn on market debut day
📝 Ikea expands to Delhi-NCR: Online sales to begin before stores open
📝 Arkade Developers aims for Rs 740 cr from redevelopment project in Mumbai
📝 UK inflation unexpectedly jumps to 3%, reaching a 10-month high in Jan
*Economic Times*
📝 Tata Group to invest Rs 500 crore in Breach Candy Hospital Expansion
📝 UAE’s Invest Bank onboards Veefin Solutions to digitise their SCF operations
📝 India's mobile phone exports surge 50% driven by record iPhone production
📝 Cognizant accuses Infosys of trade secret misappropriation in legal fight
📝 Hyundai India aims to be production hub for exports to emerging markets
📝 ONGC plans foray into ethane carrier business, seeks partner
📝 Matel partners Honda Power Pack Energy for swappable battery solutions for EVs
📝 Meesho launches creator marketplace to boost influencer-driven sales
📝 Facility modification at Halol plant to meet demand, slowdown in Feb output likely: JSW MG Motor
📝 Raymond reports cyber security incident, IT assets affected
📝 JioStar secures 11 major sponsors while Champions Trophy returns after eight years
*Mint*
📝 Indian economy to grow 6.2-6.3% in December quarter of FY25 on capex boost: SBI
📝 Govt to roll out credit rating for rural borrowers in six months
📝 India already exceeding key climate targets, can grow faster using clean energy: UN climate chief
📝 New solar projects to have 2-hour energy storage capacity to ensure stable grid
📝 Indian Electronics Manufacturing Companies Slump In Ongoing Market Rout
📝 HSBC Delays Climate Targets to 2050 as Green Progress Slows
📝 Maxvolt Energy makes a flat debut, lists at IPO price of ₹180 on NSE SME
📝 HSBC Sees $1.8 Billion Cost Over Two Years in Elhedery Revamp
📝 Trump is scrambling global automakers’ reliance on America
📝 Motor insurance claim processing time reduced to 3-4 days with AI integration: Policybazaar
📝 India's power sector needs USD 700 bn investment to achieve net-zero pledge, says Moody's.
*Business Standard*
📝 ONGC seeks joint venture partners to foray into ethane carrier business
📝 HAL, DIAT forge partnership to boost aerospace research, innovation
📝 Listed realtors report mixed bag Q3 as home sales moderate in top cities
📝 Ex-SBI chairman Khara to head panel to implement amendment to insurance law
📝 HSBC India's profit before tax rises 11.27% to $1.68 billion in 2024
📝 Plum to invest $6 mn over next 2 yrs to enter personal insurance segment
📝 Oyo-owned European holiday home brand 'DanCenter' debuts in India
📝 India-Qatar potential FTA must be approached with caution, says GTRI
📝 Carlyle-backed IT exporter Hexaware valued at $5 bn on market debut day
📝 Ikea expands to Delhi-NCR: Online sales to begin before stores open
📝 Arkade Developers aims for Rs 740 cr from redevelopment project in Mumbai
📝 UK inflation unexpectedly jumps to 3%, reaching a 10-month high in Jan
*Economic Times*
📝 Tata Group to invest Rs 500 crore in Breach Candy Hospital Expansion
📝 UAE’s Invest Bank onboards Veefin Solutions to digitise their SCF operations
📝 India's mobile phone exports surge 50% driven by record iPhone production
📝 Cognizant accuses Infosys of trade secret misappropriation in legal fight
📝 Hyundai India aims to be production hub for exports to emerging markets
📝 ONGC plans foray into ethane carrier business, seeks partner
📝 Matel partners Honda Power Pack Energy for swappable battery solutions for EVs
📝 Meesho launches creator marketplace to boost influencer-driven sales
📝 Facility modification at Halol plant to meet demand, slowdown in Feb output likely: JSW MG Motor
📝 Raymond reports cyber security incident, IT assets affected
📝 JioStar secures 11 major sponsors while Champions Trophy returns after eight years
*Mint*
📝 Indian economy to grow 6.2-6.3% in December quarter of FY25 on capex boost: SBI
📝 Govt to roll out credit rating for rural borrowers in six months
📝 India already exceeding key climate targets, can grow faster using clean energy: UN climate chief
📝 New solar projects to have 2-hour energy storage capacity to ensure stable grid
📝 Indian Electronics Manufacturing Companies Slump In Ongoing Market Rout
📝 HSBC Delays Climate Targets to 2050 as Green Progress Slows
📝 Maxvolt Energy makes a flat debut, lists at IPO price of ₹180 on NSE SME
📝 HSBC Sees $1.8 Billion Cost Over Two Years in Elhedery Revamp
📝 Trump is scrambling global automakers’ reliance on America
📝 Motor insurance claim processing time reduced to 3-4 days with AI integration: Policybazaar
📝 India's power sector needs USD 700 bn investment to achieve net-zero pledge, says Moody's.
🇮🇳India Daybook Stocks in News
Bharat Forge: Kalyani Strategic Systems signs LoI with AM General, USA, for supply of artillery cannons to the US (Positive)
Rites: Company signs MoU with the Central Water and Power Research Station (Positive)
Arkade Developers: Company announces that it will redevelop a property in a Mumbai suburb that has a revenue potential of Rs 740 crore. (Positive)
Waaree Energies: Company gets order for supply of solar modules for 362.5 MWp from a renowned customer. (Positive)
Happiest Minds: Company unveils generative AI solution to reshape research across industries. (Positive)
Thomas Cook: Company and its group company, SOTC Travel, announced a strategic partnership with the Korea Tourism Organization. (Positive)
Espire Hospitality: Company announced the opening of Country Inn Premier, Amritsar. (Positive)
Maruti: Strengthening presence in India, aiming for a 50% market share in the Indian automobile industry. (Positive)
Manglam Infra: Company has received a Letter of Award from the National Highways Authority of India (NHAI), RO – Vijayawada. (Positive)
Mahindra & Mahindra: Company and Anduril Industries Partner to Develop Autonomous Maritime Systems & AICounter-UAS Technology. (Positive)
JBM Auto: JBM Ecolife Mobility has landed a massive order for 1,021 electric buses worth ₹5,500 Crore (Positive)
Reliance Infrastructure: Company is evaluating manufacturing in solar and battery businesses, creating Reliance Battery GreenTech Pvt. Ltd. and Reliance Zetta SolarTech Pvt. Ltd (Positive)
H M Electro: Company received a new work order of Rs.13.85 Cr (Positive)
India Glycols: Company allocated 180.6 mn ltr of ethanol supply through tender. (Positive)
ONGC: Company plans foray into ethane carrier business, seeks partner: Reuters. (Positive)
Servotech Renewable: Company signs agreement with France-based Watt & Well SAS to develop & manufacture EV charger components in India. (Positive)
BSE: Goldman Sachs (Singapore) PTE bought 7.29 lakh shares at Rs 5504.42 (Positive)
Cyient: Sukumal Banerjee appointed as CEO (Positive)
Patanjali: The demands of Rs. 186 crores for CIRP period raised by Income Tax Dept has been quashed by Hon’ble Supreme Court of India (Positive)
NFL: Company announced JV for a new Ammonia-Urea Complex Namrup IV Fertilizer Plant in Assam. (Positive)
C.E. Info: Mappls App now available in 9 regional languages for a seamless, native experience. (Positive)
Medicamen: Company has entered into a Manufacturing & Supply Agreement with a leading Pharma distributor and marketing Company in US & Europe. (Positive)
Bartronics: Company enters into Memorandum of Understanding with PTW Group. (Positive)
Bharat Global: Ms. Simoli Raval, appointed as an additional Independent Director, will serve a 5-year term. (Neutral)
Orchid Pharma: US FDA issues seven minor observations for company’s API manufacturing facility in Alathur, Tamil Nadu. (Neutral)
Raymond: NCLT has fixed 25th March 2025 for final hearing on the approval of demerger scheme for Realty business. (Neutral)
Flomic Global Logistics: Company appointed Mr. Abhinandan Gupta as Chief Financial Officer effective 19th Feb, 2025. (Neutral)
JK Cement: Company received a tax demand of Rs. 13.46 Cr for the assessment year 2020-21 from theState Goods & Service Tax department in Jaipur. (Neutral)
Comfort Commotrade: Company received a demand order from the State Tax Officer, GST, Maharashtrafor Rs. 2.25 Cr. (Neutral)
Torrent Power: Company announced the incorporation of a new step-down subsidiary, Torrent Urja 30 Private Limited. (Neutral)
Viaan Industries: Company’s CFO, Mr. Hemant Seth, resigned with immediate effect on Feb 14, 2025, due to personal reasons. (Neutral)
Cyient Ltd: Company appointed Mr. Sukamal Banerjee as Executive Director and CEO, effective Feb 19, 2025. (Neutral)
ZEE Entertainment: Company secures high S&P Global ESG score; outperforms the industry. (Neutral)
IREDA/ Tata Tech: NSE announced inclusion of 2 securities in F&O segment effective February 28. (Neutral)
Bharat Forge: Kalyani Strategic Systems signs LoI with AM General, USA, for supply of artillery cannons to the US (Positive)
Rites: Company signs MoU with the Central Water and Power Research Station (Positive)
Arkade Developers: Company announces that it will redevelop a property in a Mumbai suburb that has a revenue potential of Rs 740 crore. (Positive)
Waaree Energies: Company gets order for supply of solar modules for 362.5 MWp from a renowned customer. (Positive)
Happiest Minds: Company unveils generative AI solution to reshape research across industries. (Positive)
Thomas Cook: Company and its group company, SOTC Travel, announced a strategic partnership with the Korea Tourism Organization. (Positive)
Espire Hospitality: Company announced the opening of Country Inn Premier, Amritsar. (Positive)
Maruti: Strengthening presence in India, aiming for a 50% market share in the Indian automobile industry. (Positive)
Manglam Infra: Company has received a Letter of Award from the National Highways Authority of India (NHAI), RO – Vijayawada. (Positive)
Mahindra & Mahindra: Company and Anduril Industries Partner to Develop Autonomous Maritime Systems & AICounter-UAS Technology. (Positive)
JBM Auto: JBM Ecolife Mobility has landed a massive order for 1,021 electric buses worth ₹5,500 Crore (Positive)
Reliance Infrastructure: Company is evaluating manufacturing in solar and battery businesses, creating Reliance Battery GreenTech Pvt. Ltd. and Reliance Zetta SolarTech Pvt. Ltd (Positive)
H M Electro: Company received a new work order of Rs.13.85 Cr (Positive)
India Glycols: Company allocated 180.6 mn ltr of ethanol supply through tender. (Positive)
ONGC: Company plans foray into ethane carrier business, seeks partner: Reuters. (Positive)
Servotech Renewable: Company signs agreement with France-based Watt & Well SAS to develop & manufacture EV charger components in India. (Positive)
BSE: Goldman Sachs (Singapore) PTE bought 7.29 lakh shares at Rs 5504.42 (Positive)
Cyient: Sukumal Banerjee appointed as CEO (Positive)
Patanjali: The demands of Rs. 186 crores for CIRP period raised by Income Tax Dept has been quashed by Hon’ble Supreme Court of India (Positive)
NFL: Company announced JV for a new Ammonia-Urea Complex Namrup IV Fertilizer Plant in Assam. (Positive)
C.E. Info: Mappls App now available in 9 regional languages for a seamless, native experience. (Positive)
Medicamen: Company has entered into a Manufacturing & Supply Agreement with a leading Pharma distributor and marketing Company in US & Europe. (Positive)
Bartronics: Company enters into Memorandum of Understanding with PTW Group. (Positive)
Bharat Global: Ms. Simoli Raval, appointed as an additional Independent Director, will serve a 5-year term. (Neutral)
Orchid Pharma: US FDA issues seven minor observations for company’s API manufacturing facility in Alathur, Tamil Nadu. (Neutral)
Raymond: NCLT has fixed 25th March 2025 for final hearing on the approval of demerger scheme for Realty business. (Neutral)
Flomic Global Logistics: Company appointed Mr. Abhinandan Gupta as Chief Financial Officer effective 19th Feb, 2025. (Neutral)
JK Cement: Company received a tax demand of Rs. 13.46 Cr for the assessment year 2020-21 from theState Goods & Service Tax department in Jaipur. (Neutral)
Comfort Commotrade: Company received a demand order from the State Tax Officer, GST, Maharashtrafor Rs. 2.25 Cr. (Neutral)
Torrent Power: Company announced the incorporation of a new step-down subsidiary, Torrent Urja 30 Private Limited. (Neutral)
Viaan Industries: Company’s CFO, Mr. Hemant Seth, resigned with immediate effect on Feb 14, 2025, due to personal reasons. (Neutral)
Cyient Ltd: Company appointed Mr. Sukamal Banerjee as Executive Director and CEO, effective Feb 19, 2025. (Neutral)
ZEE Entertainment: Company secures high S&P Global ESG score; outperforms the industry. (Neutral)
IREDA/ Tata Tech: NSE announced inclusion of 2 securities in F&O segment effective February 28. (Neutral)
👍1
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 L&T secures major Hindalco order to build alumina refinery in Odisha
📝 Renault beats profit forecast in 2024, warns on EU emissions rules
📝 India's GDP growth rate to slow to 6.4% in 2025: Moody's Analytics
📝 Tata Motors announces special offers on EVs as Tesla prepares India entry
📝 EPC companies raise concern over longer payment cycles for water projects
📝 BPTP Group targets Rs 6,500 cr from new luxury housing project in Gurugram
📝 Oil prices see minor dip as US crude stocks rise, easing supply concerns
📝 India tops global private capital exits with $27.9 bn in 2024: GPCA report
📝 Hydropower firm SJVN to expand its lone coal project in Bihar: Chairman
📝 India's e-commerce to reach $550 bn by 2035 driven by Tier II-III demand
📝 Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs
*Economic Times :*
📝 SIA and Air India explore opportunities to deepen recently confirmed relationship
📝 Ministry of Defence inks contract worth Rs 1220.12 cr with Bharat Electronics Limited
📝 Skoda Auto Volkswagen must fall in line and not play victim: Customs dept to Bombay HC
📝 Govt extends Chief Economic Adviser Nageswaran's term until March 2027
📝 Indian refiners cancel palm oil orders due to price surge
📝 Sebi mulls framework for fast track follow-on offer by REITs, InvITs
📝 Hiranandani, Krisala ink development JV for 105-acre township in Pune’s Hinjewadi
📝 Auto sector demand hinges on marriage season, infrastructure revival: Report
📝 Yuma Energy acquires Chennai-based Grinntech to boost battery solutions
📝 Chennai’s office stock set to exceed 100 million sq ft by 2026 end
📝 Crompton looks to join billion dollar sales club in FY25, launches new vision
*Mint :*
📝 India’s Economic Growth Set to Pick Up Pace, RBI Says
📝 Major auto component firms likely to invest up to ₹30K cr next fiscal: ICRA
📝 Ayala Land Plans $1.3 Billion Debt, to Focus on High-End Homes
📝 Alibaba Q3 Results: Company posts higher-than-expected revenue of $38.5
📝 Automotive ER&D firms struggle as tariffs, Chinese carmakers disrupt markets
📝 US becomes India's fifth largest oil supplier, Russia retains top spot: Report
📝 NCLT admits Aviom India Housing Finance into bankruptcy on RBI’s plea
📝 Norinchukin CEO to Resign as Bank Forecasts Bigger Annual Loss
📝 Paytm launches India’s first solar soundbox for merchants
📝 Inox Group companies prepare for semiconductor boom, LNG growth prospects
📝 India’s Wheat Crop Under Threat from Warm Weather Before Harvest
*Business Standard :*
📝 L&T secures major Hindalco order to build alumina refinery in Odisha
📝 Renault beats profit forecast in 2024, warns on EU emissions rules
📝 India's GDP growth rate to slow to 6.4% in 2025: Moody's Analytics
📝 Tata Motors announces special offers on EVs as Tesla prepares India entry
📝 EPC companies raise concern over longer payment cycles for water projects
📝 BPTP Group targets Rs 6,500 cr from new luxury housing project in Gurugram
📝 Oil prices see minor dip as US crude stocks rise, easing supply concerns
📝 India tops global private capital exits with $27.9 bn in 2024: GPCA report
📝 Hydropower firm SJVN to expand its lone coal project in Bihar: Chairman
📝 India's e-commerce to reach $550 bn by 2035 driven by Tier II-III demand
📝 Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs
*Economic Times :*
📝 SIA and Air India explore opportunities to deepen recently confirmed relationship
📝 Ministry of Defence inks contract worth Rs 1220.12 cr with Bharat Electronics Limited
📝 Skoda Auto Volkswagen must fall in line and not play victim: Customs dept to Bombay HC
📝 Govt extends Chief Economic Adviser Nageswaran's term until March 2027
📝 Indian refiners cancel palm oil orders due to price surge
📝 Sebi mulls framework for fast track follow-on offer by REITs, InvITs
📝 Hiranandani, Krisala ink development JV for 105-acre township in Pune’s Hinjewadi
📝 Auto sector demand hinges on marriage season, infrastructure revival: Report
📝 Yuma Energy acquires Chennai-based Grinntech to boost battery solutions
📝 Chennai’s office stock set to exceed 100 million sq ft by 2026 end
📝 Crompton looks to join billion dollar sales club in FY25, launches new vision
*Mint :*
📝 India’s Economic Growth Set to Pick Up Pace, RBI Says
📝 Major auto component firms likely to invest up to ₹30K cr next fiscal: ICRA
📝 Ayala Land Plans $1.3 Billion Debt, to Focus on High-End Homes
📝 Alibaba Q3 Results: Company posts higher-than-expected revenue of $38.5
📝 Automotive ER&D firms struggle as tariffs, Chinese carmakers disrupt markets
📝 US becomes India's fifth largest oil supplier, Russia retains top spot: Report
📝 NCLT admits Aviom India Housing Finance into bankruptcy on RBI’s plea
📝 Norinchukin CEO to Resign as Bank Forecasts Bigger Annual Loss
📝 Paytm launches India’s first solar soundbox for merchants
📝 Inox Group companies prepare for semiconductor boom, LNG growth prospects
📝 India’s Wheat Crop Under Threat from Warm Weather Before Harvest
🇮🇳 India Daybook Stocks in News
V.L. Infraprojects: Company has secured a significant contract for a water infrastructure project in Gujarat, Project Value of Rs 214.92 Cr. (Positive)
Crompton Greaves Consumer: Company announced the launch of its "TechWithHeart" initiative, showcasing new energy-efficient and smart product lines. (Positive)
NTPC Green: Company in pact with Bharat Light to explore offtake of green hydrogen. (Positive)
Lemon Tree: Company subsidiary received an arbitration award for Rs. 11.47 Cr in a claim against Hind Inns & Hotels Ltd. and Hind Motors. (Positive)
ITI: Company gets initial tranche of ₹100 crore from C-DoT for land at Electronic City, Bangalore. (Positive)
RVNL/HFCL: In a consortium signed a Project Implementation Agency (PIA) agreement with BSNL on Feb 20, 2025, for Packages 6 (UP W) & 3 (UP E) of BSNL's tender. (Positive)
ACE: Company secures ₹420 crore contract from Ministry of Defence. (Positive)
Coforge: Company acquires Xceltrait Inc. for $17.85 million. (Positive)
Cipla: Company receives USFDA approval for Nilotinib Capsules. (Positive)
Senores: Company acquires ANDA for Roflumilast tablets. (Positive)
Kamat Hotels: Company signed management agreement for Orchid Hotel, Mandavi. (Positive)
Delta Corp: Company has signed a deal to sell Deltatech Gaming (Adda52) to Head Digital Works (A23) for Rs 491 crore (Positive)
Solarium Green: Company wins two orders worth Rs 72 crore. (Positive)
ISGEC: Nippon India Smallcap Fund bought 832923 at Rs. 915.0 of the company. (Positive)
Sai Life: Smallcap World Fund bought 1055329 at Rs. 684.9 of the company. (Positive)
Windlas Biotech: Ajay Aggarwal bought 144995 at Rs. 787.4 of the company. (Positive)
Thomas Cook: Company, SOTC Travel, Fairfax Digital Services, LTIMindtree & Voicing.AI collaborate to build India’s first multi-modal, multi-lingual, agentic voiceenabled, GenAI advisor – Dhruv (Positive)
ONGC: Company eyes 60% output boost at Mumbai High via BP tie-up: Arun Kumar Singh. (Positive)
Narayana Hrudayalaya: Company announced the foundation stone laying ceremony for a new 1,100-bed hospital in Kolkata, named Narayana Health City, Kolkata. (Positive)
JM Financial: Company Gets Tax Department Order for Refund of Rs 230 Cr for Assessment Year 2008-09. (Positive)
LIC: Dinesh Pant, Ratnakar Patnaik have been appointed managing directors in Company. (Neutral)
CDSL: Company and National Securities Depository Limited have launched the unifying features in the investor apps of CDSL and NSDL (Neutral)
Josts Engineering: Company entered into a Trademark License Agreement with its wholly-owned subsidiary, JECL Engineering Limited. (Neutral)
M&M:* To subscribe to the Equity Shares of MMFSL and MLDL to the full extent of the Company’s Rights Entitlement upto Rs 3000 crore (Neutral)
M&M Financial: Company to raise up to Rs 3,000 crore via rights issue. (Neutral)
Kotak Mahindra: S&P affirms ratings; outlook positive. (Neutral)
BSE Ltd: Company announced the resignation of Sameer Patil as Chief-Special Projects, effective May 21, 2025. (Neutral)
Power Finance Corp: Company incorporates new unit Kakinada I Transmission. (Neutral)
Kotak Mahindra Bank: Appoints Vyomesh Kapasi as Head of Products - Consumer Bank. (Neutral)
Parag Milk: Company received penalty orders from the Income Tax Department, Central Range 2, Pune. Penalties totaling Rs. 10.57 Cr were levied (Neutral)
TGB: Company received a GST order imposing a demand of Rs. 5.16 Cr (including tax, interest, and penalty) on various GST issues. (Neutral)
Tata Steel: Company acquires equity stake in T Steel Holdings for $300 Million. (Neutral)
Brainbees Solutions: Company Secretary and Compliance Officer, Ms. Neelam Jethani, resigned, effective March 15, 2025. (Neutral)
Grindwell: Appoints Venugopal Shanbhag as Managing Director of the company w.e.f. April 1, 2025 (Neutral)
Repco Home Finance: Company’s Managing Director & CEO, Mr. K.Swaminathan, tenure ends today, Feb 20, 2025.
V.L. Infraprojects: Company has secured a significant contract for a water infrastructure project in Gujarat, Project Value of Rs 214.92 Cr. (Positive)
Crompton Greaves Consumer: Company announced the launch of its "TechWithHeart" initiative, showcasing new energy-efficient and smart product lines. (Positive)
NTPC Green: Company in pact with Bharat Light to explore offtake of green hydrogen. (Positive)
Lemon Tree: Company subsidiary received an arbitration award for Rs. 11.47 Cr in a claim against Hind Inns & Hotels Ltd. and Hind Motors. (Positive)
ITI: Company gets initial tranche of ₹100 crore from C-DoT for land at Electronic City, Bangalore. (Positive)
RVNL/HFCL: In a consortium signed a Project Implementation Agency (PIA) agreement with BSNL on Feb 20, 2025, for Packages 6 (UP W) & 3 (UP E) of BSNL's tender. (Positive)
ACE: Company secures ₹420 crore contract from Ministry of Defence. (Positive)
Coforge: Company acquires Xceltrait Inc. for $17.85 million. (Positive)
Cipla: Company receives USFDA approval for Nilotinib Capsules. (Positive)
Senores: Company acquires ANDA for Roflumilast tablets. (Positive)
Kamat Hotels: Company signed management agreement for Orchid Hotel, Mandavi. (Positive)
Delta Corp: Company has signed a deal to sell Deltatech Gaming (Adda52) to Head Digital Works (A23) for Rs 491 crore (Positive)
Solarium Green: Company wins two orders worth Rs 72 crore. (Positive)
ISGEC: Nippon India Smallcap Fund bought 832923 at Rs. 915.0 of the company. (Positive)
Sai Life: Smallcap World Fund bought 1055329 at Rs. 684.9 of the company. (Positive)
Windlas Biotech: Ajay Aggarwal bought 144995 at Rs. 787.4 of the company. (Positive)
Thomas Cook: Company, SOTC Travel, Fairfax Digital Services, LTIMindtree & Voicing.AI collaborate to build India’s first multi-modal, multi-lingual, agentic voiceenabled, GenAI advisor – Dhruv (Positive)
ONGC: Company eyes 60% output boost at Mumbai High via BP tie-up: Arun Kumar Singh. (Positive)
Narayana Hrudayalaya: Company announced the foundation stone laying ceremony for a new 1,100-bed hospital in Kolkata, named Narayana Health City, Kolkata. (Positive)
JM Financial: Company Gets Tax Department Order for Refund of Rs 230 Cr for Assessment Year 2008-09. (Positive)
LIC: Dinesh Pant, Ratnakar Patnaik have been appointed managing directors in Company. (Neutral)
CDSL: Company and National Securities Depository Limited have launched the unifying features in the investor apps of CDSL and NSDL (Neutral)
Josts Engineering: Company entered into a Trademark License Agreement with its wholly-owned subsidiary, JECL Engineering Limited. (Neutral)
M&M:* To subscribe to the Equity Shares of MMFSL and MLDL to the full extent of the Company’s Rights Entitlement upto Rs 3000 crore (Neutral)
M&M Financial: Company to raise up to Rs 3,000 crore via rights issue. (Neutral)
Kotak Mahindra: S&P affirms ratings; outlook positive. (Neutral)
BSE Ltd: Company announced the resignation of Sameer Patil as Chief-Special Projects, effective May 21, 2025. (Neutral)
Power Finance Corp: Company incorporates new unit Kakinada I Transmission. (Neutral)
Kotak Mahindra Bank: Appoints Vyomesh Kapasi as Head of Products - Consumer Bank. (Neutral)
Parag Milk: Company received penalty orders from the Income Tax Department, Central Range 2, Pune. Penalties totaling Rs. 10.57 Cr were levied (Neutral)
TGB: Company received a GST order imposing a demand of Rs. 5.16 Cr (including tax, interest, and penalty) on various GST issues. (Neutral)
Tata Steel: Company acquires equity stake in T Steel Holdings for $300 Million. (Neutral)
Brainbees Solutions: Company Secretary and Compliance Officer, Ms. Neelam Jethani, resigned, effective March 15, 2025. (Neutral)
Grindwell: Appoints Venugopal Shanbhag as Managing Director of the company w.e.f. April 1, 2025 (Neutral)
Repco Home Finance: Company’s Managing Director & CEO, Mr. K.Swaminathan, tenure ends today, Feb 20, 2025.
Forwarded from 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin (۞ A X i T D S H A H ۞)
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iNVESTORS HELPDESK +919869958999
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Mkt. Updates :
GIFT Nifty -120 pts (22680) from last trade 22800 ,
Nikkei -666 pts ,
Hangseng -6 pts ,
Dow -748.63 pts ,Nsdq -438.36 pts, S&P
-104.39 pts , Bovespa -472 pts , Ftse -3 pts , Dax -27 pts , Cac +31 pts , Crude @ $70.23 brl (-0.17), Brent @ $74.32 brl (+0.00) , Gold @ 2941.80 (-11.40), Silver $32.80 (-0.21), Euro @ $1.0507, JPY @ $148.95, INR @ 86.625
US GOVT. 10-YR YIELD : 4.43%
Today's Corporate Action, 24 Feb Ex Date :
ASMTEC
Interim Dividend - Rs. - 1.0000
PRITHVIEXCH
Interim Dividend - Rs. - 1.0000
Today's Key Results/Board Meetings, 24-Feb-25 :
ADESHWAR
General
DPL
Issue Of Warrants;General;Preferential Issue of shares
GNRL
Issue Of Warrants;General;Increase in Authorised Capital
LUCENT
Amalgamation
MANJEERA
Quarterly Results
PRESSURS
General;Rights Issue;Increase in Authorised Capital
RFSL
General
RITHWIKFMS
General
RRECL
Issue Of Warrants;Increase in Authorised Capital;Preferential Issue of shares
THREEMPAPE
General
WELSPLSOL
Rights Issue
SEC. IN F&O BAN FOR 24-FEB.-2025 :
1. MANAPPURAM 2. CHAMBLFERT
GIFT Nifty -120 pts (22680) from last trade 22800 ,
Nikkei -666 pts ,
Hangseng -6 pts ,
Dow -748.63 pts ,Nsdq -438.36 pts, S&P
-104.39 pts , Bovespa -472 pts , Ftse -3 pts , Dax -27 pts , Cac +31 pts , Crude @ $70.23 brl (-0.17), Brent @ $74.32 brl (+0.00) , Gold @ 2941.80 (-11.40), Silver $32.80 (-0.21), Euro @ $1.0507, JPY @ $148.95, INR @ 86.625
US GOVT. 10-YR YIELD : 4.43%
Today's Corporate Action, 24 Feb Ex Date :
ASMTEC
Interim Dividend - Rs. - 1.0000
PRITHVIEXCH
Interim Dividend - Rs. - 1.0000
Today's Key Results/Board Meetings, 24-Feb-25 :
ADESHWAR
General
DPL
Issue Of Warrants;General;Preferential Issue of shares
GNRL
Issue Of Warrants;General;Increase in Authorised Capital
LUCENT
Amalgamation
MANJEERA
Quarterly Results
PRESSURS
General;Rights Issue;Increase in Authorised Capital
RFSL
General
RITHWIKFMS
General
RRECL
Issue Of Warrants;Increase in Authorised Capital;Preferential Issue of shares
THREEMPAPE
General
WELSPLSOL
Rights Issue
SEC. IN F&O BAN FOR 24-FEB.-2025 :
1. MANAPPURAM 2. CHAMBLFERT
🇮🇳India Daybook – Stocks in News
RVNL: Company emerged lowest bidder for a South Western Railway project worth Rs 156.35 crore. (Positive)
Lupin: US FDA issues Establishment Inspection Report (EIR) for company’s manufacturing facility in Somerset, New Jersey (Positive)
RailTel: Company bags work order worth Rs 288 crore from East Central Railway. (Positive)
JTL Industries: Company Enters MOU with RCI for 200 Mt/Month Copper And Brass Alloys. (Positive)
Onesource Specialty: Care Ratings Ltd upgraded Company’s long-term bank facilities to CARE BBB+ from CARE BB+. (Positive)
Vedanta: Company has been declared as the preferred bidder for Madhya Pradesh’s Kauhari Diamond block. (Positive)
Ami Organics: Board approved the sub-division of existing equity shares (face value Rs. 10) into two equity shares (face value Rs. 5). (Positive)
Mahindra EPC: Company has been awarded a contract for the supply of micro irrigation systems under a community micro irrigation project with contract value Rs 11.11 cr. (Positive)
Crompton Greaves: Company launched new products "Surebreeze Super Briz Royale" and "Eco Deco". (Positive)
Vesuvius: Company’s board meeting to review FY24 financials, recommend dividends, and propose a stock split/sub-division. (Positive)
Zee Media: Shareholders vote to increase FPI investment limit to 49%. (Positive)
Hazoor Multi Projects: Company has been awarded a project for reinforcement steel cutting, bending, fixing, and structural steel fabrication for the Versova Bandra Sea Link project in Mumbai. The total value of the awarded order is Rs 102.1 crores. (Positive)
Zaggle: Company entered into a customer service agreement with Indus Tower. (Positive)
TCS: Company Partners with Salesforce to Unlock the Power of AI for Manufacturers, semiconductor chip makers. (Positive)
Balrampur Chini: Company has started building India's first Polylactic Acid (PLA) biopolymer plant in Uttar Pradesh. (Positive)
Zydus Lifesciences: Company has received USFDA approval to manufacture Ibuprofen and Famotidine tablets (Positive)
Optiemus: Company is subscribing to 2.38 Cr shares in Bharat Innovative Glass Technologies Pvt Ltd (Positive)
Lemon Tree: Company signs a new property in Rajasthan (Positive)
Oil India: Company to form a JV with Assam Power Generation Corporation (Positive)
Gabriel: Company has signed a Technical Assistance Agreement with Tractive suspension BV. (Positive)
Bikaji Foods: USA subsidiary, to expand and strengthen distribution in the USA. (Positive)
Som Distilleries: Company announced the allotment of 2,428,040 equity shares to promoters. (Positive)
PI Ind: Company and C-CAMP Announce Strategic Partnership to Drive Innovation in Biocontrol Technologies (Positive)
FTSE review inclusions: Ajanta Pharma, Apar Ind, Bajaj Housing Finance, Blue Star, NALCO, BSE, CRISIL, CDSL, Fortis, FACT, Indusind Bank, Premier Energies and Kaynes. (Positive)
Adani Green Energy: Company has launched a 250 MW solar power project in Rajasthan (Positive)
Coal India/PSP Projects: Coal India signs non-binding shareholders agreement with EDF India to form a JV to undertake PSP projects and renewable energy projects in India and neighboring countries (Positive)
KP Energy: Company has successfully commissioned further 2.8 MW wind power project consisting of one number of wind turbine generator, at Vagra Site (Neutral)
ABB India: Company Aims To Sustain Up to 15% Margin In FY26 As Backlog Conversion Impact Eases. (Neutral)
Tata Steel: CEO flags risks from US trade policies on steel sector. (Neutral)
Ujjivan Small Finance Bank: Board approves sale of NPA & written-off loans to Asset Reconstruction Company (ARC) (Neutral)
Brigade: Group to invest ₹1,500 crore in Kerala over next 5 years. (Neutral)
Niva Bupa Health: Company has received communication(s) from an anonymous sender. The threat actor claims to have the customer data of Niva Bupa (Neutral)
M&M Financial: Company approved Issue of Non-Convertible Debentures on Private Placement Basis, NCD Base Issue Worth 3b Rupees. (Neutral)
RVNL: Company emerged lowest bidder for a South Western Railway project worth Rs 156.35 crore. (Positive)
Lupin: US FDA issues Establishment Inspection Report (EIR) for company’s manufacturing facility in Somerset, New Jersey (Positive)
RailTel: Company bags work order worth Rs 288 crore from East Central Railway. (Positive)
JTL Industries: Company Enters MOU with RCI for 200 Mt/Month Copper And Brass Alloys. (Positive)
Onesource Specialty: Care Ratings Ltd upgraded Company’s long-term bank facilities to CARE BBB+ from CARE BB+. (Positive)
Vedanta: Company has been declared as the preferred bidder for Madhya Pradesh’s Kauhari Diamond block. (Positive)
Ami Organics: Board approved the sub-division of existing equity shares (face value Rs. 10) into two equity shares (face value Rs. 5). (Positive)
Mahindra EPC: Company has been awarded a contract for the supply of micro irrigation systems under a community micro irrigation project with contract value Rs 11.11 cr. (Positive)
Crompton Greaves: Company launched new products "Surebreeze Super Briz Royale" and "Eco Deco". (Positive)
Vesuvius: Company’s board meeting to review FY24 financials, recommend dividends, and propose a stock split/sub-division. (Positive)
Zee Media: Shareholders vote to increase FPI investment limit to 49%. (Positive)
Hazoor Multi Projects: Company has been awarded a project for reinforcement steel cutting, bending, fixing, and structural steel fabrication for the Versova Bandra Sea Link project in Mumbai. The total value of the awarded order is Rs 102.1 crores. (Positive)
Zaggle: Company entered into a customer service agreement with Indus Tower. (Positive)
TCS: Company Partners with Salesforce to Unlock the Power of AI for Manufacturers, semiconductor chip makers. (Positive)
Balrampur Chini: Company has started building India's first Polylactic Acid (PLA) biopolymer plant in Uttar Pradesh. (Positive)
Zydus Lifesciences: Company has received USFDA approval to manufacture Ibuprofen and Famotidine tablets (Positive)
Optiemus: Company is subscribing to 2.38 Cr shares in Bharat Innovative Glass Technologies Pvt Ltd (Positive)
Lemon Tree: Company signs a new property in Rajasthan (Positive)
Oil India: Company to form a JV with Assam Power Generation Corporation (Positive)
Gabriel: Company has signed a Technical Assistance Agreement with Tractive suspension BV. (Positive)
Bikaji Foods: USA subsidiary, to expand and strengthen distribution in the USA. (Positive)
Som Distilleries: Company announced the allotment of 2,428,040 equity shares to promoters. (Positive)
PI Ind: Company and C-CAMP Announce Strategic Partnership to Drive Innovation in Biocontrol Technologies (Positive)
FTSE review inclusions: Ajanta Pharma, Apar Ind, Bajaj Housing Finance, Blue Star, NALCO, BSE, CRISIL, CDSL, Fortis, FACT, Indusind Bank, Premier Energies and Kaynes. (Positive)
Adani Green Energy: Company has launched a 250 MW solar power project in Rajasthan (Positive)
Coal India/PSP Projects: Coal India signs non-binding shareholders agreement with EDF India to form a JV to undertake PSP projects and renewable energy projects in India and neighboring countries (Positive)
KP Energy: Company has successfully commissioned further 2.8 MW wind power project consisting of one number of wind turbine generator, at Vagra Site (Neutral)
ABB India: Company Aims To Sustain Up to 15% Margin In FY26 As Backlog Conversion Impact Eases. (Neutral)
Tata Steel: CEO flags risks from US trade policies on steel sector. (Neutral)
Ujjivan Small Finance Bank: Board approves sale of NPA & written-off loans to Asset Reconstruction Company (ARC) (Neutral)
Brigade: Group to invest ₹1,500 crore in Kerala over next 5 years. (Neutral)
Niva Bupa Health: Company has received communication(s) from an anonymous sender. The threat actor claims to have the customer data of Niva Bupa (Neutral)
M&M Financial: Company approved Issue of Non-Convertible Debentures on Private Placement Basis, NCD Base Issue Worth 3b Rupees. (Neutral)
Bharti Airtel: Company to increase its shareholding in arm Airtel Africa Plc by Up To 5% Via Airtel Africa Mauritius. (Neutral)
Adani Green Energy: Company Unit Operationalized Solar Power Project of 250 Mw at Bhimsar & Dwada. (Neutral)
East West Freight: Company’s board approved a Rs. 30 Cr fund raising proposal through private placement or other permissible mod. (Neutral)
Bajaj Auto: Company to invest up to €150 Million in arm Bajaj Auto International Holdings BV, Netherlands (Neutral)
Dhunseri Investments: Company has entered into a MoU with M/s. Hatibari Tea Company on Feb 21, 2025, for the sale of Hatibari Tea Factory. (Neutral)
Plaza Wires Ltd: Company has received confirmation of its credit rating from CRISIL Ratings Ltd. The long-term bank facilities rating remains CRISIL BBB-/ (Neutral)
Swiggy: Board approved investing up to INR 1,000 Cr in its subsidiary, Scootsy Logistics Private Limited. (Neutral)
Eris Lifesciences: Company redeemed ₹437.50 Cr of 8% secured unlisted redeemable non-convertible debentures. (Neutral)
Granules: Board approved the acquisition of a 100% stake in Swiss company Senn Chemicals AG for approximately INR 1,925 million. (Neutral)
Nifty 50 changes: Zomato and Jio Financial to Replace Britannia and BPCL in Nifty 50 Effective March 28, 2025. (Neutral)
Nifty Next 50 changes: Swiggy, Britannia, IHCL, Hyundai, Bajaj Housing, BPCL and CG Power to Replace ATGL, BHEL, NHPC, IRCTC, Union Bank, Zomato and Jio FIn in Nifty Next 50 Effective March 28, 2025. (Neutral)
PayTm: Mobiquest Mobile Technologies, has sold its 100% stake in Xceed IT Solutions. (Neutral)
Nesco: Company has announced the incorporation of its wholly-owned subsidiary, Nesco Retail Private Limited, based in Mumbai, Maharashtra. (Neutral)
Rishabh Instruments: Company has announced a partnership with ASPIRE-IITB Research Park Foundation to open its sixth R&D center at IIT Bombay (Neutral)
SRF: Company has completed the expansion of its Fluorocarbon Refrigerant Gas Capacity at Dahej, with a total cost of around Rs. 361 Crores. (Neutral)
Aster DM: Company to invest Rs 850 cr in Kerala in next 3 years (Agencies) (Neutral)
FIEM Ind: Company has received a sum of Rs. 20 Crores (Rupees Twenty Crores) as ad-hoc payment from the Insurer (Neutral)
Maithan Alloys: Company acquired 48,000 shares of Power Finance Corporation Ltd. (Neutral)
Medplus Health: Company subsidiary, Optival Health Solutions Pvt Ltd, received four drug license suspension orders
Solara Active Pharma: Company announced the resignation of its Managing Director, Mr. Poorvank Purohi.
Jagsonpal Pharmaceuticals: Company received a warning letter from the USFDA, regarding observations during the inspection of its contract manufacturing facility.
Fusion: ICRA Limited has downgraded the credit rating of Fusion Finance Ltd's instruments.
Flex Foods: India Rating has downgraded the rating for fund based working capital limits.
Syngene: Company received 5 form 483 observations from USFDA for Bengaluru facility
Adani Green Energy: Company Unit Operationalized Solar Power Project of 250 Mw at Bhimsar & Dwada. (Neutral)
East West Freight: Company’s board approved a Rs. 30 Cr fund raising proposal through private placement or other permissible mod. (Neutral)
Bajaj Auto: Company to invest up to €150 Million in arm Bajaj Auto International Holdings BV, Netherlands (Neutral)
Dhunseri Investments: Company has entered into a MoU with M/s. Hatibari Tea Company on Feb 21, 2025, for the sale of Hatibari Tea Factory. (Neutral)
Plaza Wires Ltd: Company has received confirmation of its credit rating from CRISIL Ratings Ltd. The long-term bank facilities rating remains CRISIL BBB-/ (Neutral)
Swiggy: Board approved investing up to INR 1,000 Cr in its subsidiary, Scootsy Logistics Private Limited. (Neutral)
Eris Lifesciences: Company redeemed ₹437.50 Cr of 8% secured unlisted redeemable non-convertible debentures. (Neutral)
Granules: Board approved the acquisition of a 100% stake in Swiss company Senn Chemicals AG for approximately INR 1,925 million. (Neutral)
Nifty 50 changes: Zomato and Jio Financial to Replace Britannia and BPCL in Nifty 50 Effective March 28, 2025. (Neutral)
Nifty Next 50 changes: Swiggy, Britannia, IHCL, Hyundai, Bajaj Housing, BPCL and CG Power to Replace ATGL, BHEL, NHPC, IRCTC, Union Bank, Zomato and Jio FIn in Nifty Next 50 Effective March 28, 2025. (Neutral)
PayTm: Mobiquest Mobile Technologies, has sold its 100% stake in Xceed IT Solutions. (Neutral)
Nesco: Company has announced the incorporation of its wholly-owned subsidiary, Nesco Retail Private Limited, based in Mumbai, Maharashtra. (Neutral)
Rishabh Instruments: Company has announced a partnership with ASPIRE-IITB Research Park Foundation to open its sixth R&D center at IIT Bombay (Neutral)
SRF: Company has completed the expansion of its Fluorocarbon Refrigerant Gas Capacity at Dahej, with a total cost of around Rs. 361 Crores. (Neutral)
Aster DM: Company to invest Rs 850 cr in Kerala in next 3 years (Agencies) (Neutral)
FIEM Ind: Company has received a sum of Rs. 20 Crores (Rupees Twenty Crores) as ad-hoc payment from the Insurer (Neutral)
Maithan Alloys: Company acquired 48,000 shares of Power Finance Corporation Ltd. (Neutral)
Medplus Health: Company subsidiary, Optival Health Solutions Pvt Ltd, received four drug license suspension orders
Solara Active Pharma: Company announced the resignation of its Managing Director, Mr. Poorvank Purohi.
Jagsonpal Pharmaceuticals: Company received a warning letter from the USFDA, regarding observations during the inspection of its contract manufacturing facility.
Fusion: ICRA Limited has downgraded the credit rating of Fusion Finance Ltd's instruments.
Flex Foods: India Rating has downgraded the rating for fund based working capital limits.
Syngene: Company received 5 form 483 observations from USFDA for Bengaluru facility
News Headlines From Business News Agencies:
Business Standard
📝 India to harvest bumper wheat crop this year: Agriculture Minister Chouhan
📝 Pump Rs 300 crore into Bima Sugam by February-end: Irdai to insurers
📝 EPF is in urgent need of an overhaul for flexibility and portability
📝 CDSCO withdraws export NOC, bans drugs linked to West Africa opioid crisis
📝 Maha govt to give additional Rs 50k subsidy for rural homes under PMAY
📝 UK, EU step up FTA talks with India in US President Donald Trump era
📝 Tesla's entry not a significant threat to Indian EV OEMs, says CLSA
📝 Eupheus Learning narrows loss to Rs 9 cr, revenue at Rs 225 cr in FY2024
📝 US federal workers must justify job or risk dismissal, says Elon Musk
📝 USAID funded 7 projects worth $750 mn in India in FY24: FinMin report
📝 Yunus invites Musk to visit Bangladesh, launch Starlink satellite service
📝 NewMe plans to launch 20 new stores by 2025, aspires for IPO in 3-5 years
Economic Times
📝 NTPC, EDF India collaborate for PSP, hydro projects, to explore avenues in distribution
📝 Indian drugmakers can retain US dominance even with tariffs, says industry body
📝 Coal India and France's EDF to form renewables joint venture
📝 Qatar signs deal with Scale AI to use AI to boost government services
📝 KKR to buy cancer care hospital chain HCG from CVC for $400 million
📝 Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years
📝 Union budget aims to build healthy economy with long-term vision: Mansukh Mandaviya
📝 Rural market at inflection point offers headroom, long-term potential for growth: Marico MD & CEO
📝 Assam Cabinet clears investment proposals worth Rs 1.22 lakh crore ahead of Summit
📝 Shein's annual profit down by more than a third: report
📝 Meta to open India office, hire for engineering and AI roles in Bengaluru
Mint
📝 Wall Street week ahead: Spotlight on PCE inflation, Q4 GDP, Nvidia earnings
📝 Sebi mulls expanding investors pool for angel funds
📝 L'Oréal, Colgate eye opportunity as preference for premium products rises
📝 Robust infra, business friendly environment make TN key investment hub, says Study
📝 Non-stop renewable energy key to lowering green hydrogen prices: Gentari CEO
📝 Satya Nadella reveals one web trend Microsoft missed, but Google didn't
📝 India forex reserves snap three-week gains; decline USD 2.5 billion in latest week
📝 US news: Donald Trump to name FBI chief Kash Patel as acting ATF director
📝 FBI Director Kash Patel pushes back against Elon Musk’s productivity questions
📝 Indian VCs join a global race to back the next big AI disruptor
📝 Elon Musk's DOGE set to inspect Fort Knox gold reserves.
Business Standard
📝 India to harvest bumper wheat crop this year: Agriculture Minister Chouhan
📝 Pump Rs 300 crore into Bima Sugam by February-end: Irdai to insurers
📝 EPF is in urgent need of an overhaul for flexibility and portability
📝 CDSCO withdraws export NOC, bans drugs linked to West Africa opioid crisis
📝 Maha govt to give additional Rs 50k subsidy for rural homes under PMAY
📝 UK, EU step up FTA talks with India in US President Donald Trump era
📝 Tesla's entry not a significant threat to Indian EV OEMs, says CLSA
📝 Eupheus Learning narrows loss to Rs 9 cr, revenue at Rs 225 cr in FY2024
📝 US federal workers must justify job or risk dismissal, says Elon Musk
📝 USAID funded 7 projects worth $750 mn in India in FY24: FinMin report
📝 Yunus invites Musk to visit Bangladesh, launch Starlink satellite service
📝 NewMe plans to launch 20 new stores by 2025, aspires for IPO in 3-5 years
Economic Times
📝 NTPC, EDF India collaborate for PSP, hydro projects, to explore avenues in distribution
📝 Indian drugmakers can retain US dominance even with tariffs, says industry body
📝 Coal India and France's EDF to form renewables joint venture
📝 Qatar signs deal with Scale AI to use AI to boost government services
📝 KKR to buy cancer care hospital chain HCG from CVC for $400 million
📝 Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years
📝 Union budget aims to build healthy economy with long-term vision: Mansukh Mandaviya
📝 Rural market at inflection point offers headroom, long-term potential for growth: Marico MD & CEO
📝 Assam Cabinet clears investment proposals worth Rs 1.22 lakh crore ahead of Summit
📝 Shein's annual profit down by more than a third: report
📝 Meta to open India office, hire for engineering and AI roles in Bengaluru
Mint
📝 Wall Street week ahead: Spotlight on PCE inflation, Q4 GDP, Nvidia earnings
📝 Sebi mulls expanding investors pool for angel funds
📝 L'Oréal, Colgate eye opportunity as preference for premium products rises
📝 Robust infra, business friendly environment make TN key investment hub, says Study
📝 Non-stop renewable energy key to lowering green hydrogen prices: Gentari CEO
📝 Satya Nadella reveals one web trend Microsoft missed, but Google didn't
📝 India forex reserves snap three-week gains; decline USD 2.5 billion in latest week
📝 US news: Donald Trump to name FBI chief Kash Patel as acting ATF director
📝 FBI Director Kash Patel pushes back against Elon Musk’s productivity questions
📝 Indian VCs join a global race to back the next big AI disruptor
📝 Elon Musk's DOGE set to inspect Fort Knox gold reserves.
GIFT Nifty -20 pts (22584) from last trade 22604 ,
Nikkei -423 pts ,
Hangseng -625 pts ,
Dow +33.19 pts ,Nsdq -237.08 pts, S&P
-29.88 pts , Bovespa -1726 pts , Ftse -0.39 pts , Dax +138 pts , Cac -63 pts , Crude @ $70.78 brl (+0.08), Brent @ $74.78 brl (+0.00) , Gold @ 2964.90 (+1.70), Silver $32.59 (-0.01), Euro @ $1.0462, JPY @ $150.15, INR @ 86.705
Today's Corporate Action
25th Feb Ex Date
GBLINFRA
Resolution Plan -Suspension
SBICARD
Interim Dividend - Rs. - 2.5000
Today's Key Results/Board Meetings
25-Feb-25
AAYUSH
Interim Dividend;General
DARSHANORNA
Right Issue of Equity Shares;General
DEL
Preferential Issue of shares
EMBDL
General
ENKEIWHEL
Audited Results
INDONG
General
RAIN
Audited Results
RTFL
General
SHYMINV
Increase in Authorised Capital;Preferential Issue of shares
SPICEJET
Quarterly Results
STAL
General
VUENOW
General;Quarterly Results
YASTF
General;Preferential Issue of shares
Stock under F&O ban on NSE
25-Feb-25
1 CHAMBLFERT
2 MANAPPURAM
Nikkei -423 pts ,
Hangseng -625 pts ,
Dow +33.19 pts ,Nsdq -237.08 pts, S&P
-29.88 pts , Bovespa -1726 pts , Ftse -0.39 pts , Dax +138 pts , Cac -63 pts , Crude @ $70.78 brl (+0.08), Brent @ $74.78 brl (+0.00) , Gold @ 2964.90 (+1.70), Silver $32.59 (-0.01), Euro @ $1.0462, JPY @ $150.15, INR @ 86.705
Today's Corporate Action
25th Feb Ex Date
GBLINFRA
Resolution Plan -Suspension
SBICARD
Interim Dividend - Rs. - 2.5000
Today's Key Results/Board Meetings
25-Feb-25
AAYUSH
Interim Dividend;General
DARSHANORNA
Right Issue of Equity Shares;General
DEL
Preferential Issue of shares
EMBDL
General
ENKEIWHEL
Audited Results
INDONG
General
RAIN
Audited Results
RTFL
General
SHYMINV
Increase in Authorised Capital;Preferential Issue of shares
SPICEJET
Quarterly Results
STAL
General
VUENOW
General;Quarterly Results
YASTF
General;Preferential Issue of shares
Stock under F&O ban on NSE
25-Feb-25
1 CHAMBLFERT
2 MANAPPURAM
News Headlines from Business News Agencies:
Business Standard
📝 Citigroup upgrades Indian stocks from neutral to overweight, sours on Asean
📝 Retail inflation eases to 4.61% for farm workers, 4.73% for rural labourers
📝 Defence Ministry forms high-level panel to speed up Tejas jet deliveries
📝 CEAT Specialty expands globally, targets 70-30 export-domestic split
📝 India's IT sector must revamp biz, create own language models: HCLTech CEO
📝 Indorama Ventures to buy minority stake of 25% in EPL from Blackstone
📝 DBS Bank to cut 10% workforce in 3 years as AI transforms operations
📝 Qualcomm brings Snapdragon X platform to India for more affordable AI PCs
📝 India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
📝 Several APAC economies like India, Korea could face higher US tariffs: S&P
📝 India Inc revenue to grow 7-8% in Q4 on demand revival, govt spend: ICRA
Economic Times
📝 India’s IT industry to hit $300-billion revenue mark in FY26: Nasscom report
📝 India-UK FTA: Immigration has never been a part of trade negotiations, says Piyush Goyal
📝 Apple plans Texas factory for AI servers, 20,000 research jobs
📝 Dabur India plans to invest Rs 550 crore in Madhya Pradesh
📝 Parle, Rasna anticipate double-digit growth this summer season
📝 Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
📝 India’s GCC sector surges: 24 centres cross $1 bn revenue, on path for further growth
📝 India sets strategic path for AI growth with nuclear energy investments
📝 India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says
📝 26% equity mutual funds outperformed respective benchmarks in January
📝 Ashok Leyland targets ₹2,000 crore in savings with focus on leaner financial structure and profit growth
Mint
📝 Railways will achieve 100 pc electrification in FY26: Ashwini Vaishnaw
📝 Maruti Suzuki to launch three more EVs after e Vitara, aims 50% market share
📝 India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
📝 Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
📝 Canadian banks expected to build reserves to cushion tariff uncertainty
📝 Byju’s insolvency: NCLT approves new resolution professional
📝 Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
📝 ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India
📝 Bharat Forge Arm Kalyani Powertrain collaborates with AMD to enter the Indian server market
📝 Amid global risks, Indian retail investors increase allocation to bonds, FDs
📝 EaseMyTrip to invest ₹200 cr for manufacturing electric buses in MP, says CEO
Business Standard
📝 Citigroup upgrades Indian stocks from neutral to overweight, sours on Asean
📝 Retail inflation eases to 4.61% for farm workers, 4.73% for rural labourers
📝 Defence Ministry forms high-level panel to speed up Tejas jet deliveries
📝 CEAT Specialty expands globally, targets 70-30 export-domestic split
📝 India's IT sector must revamp biz, create own language models: HCLTech CEO
📝 Indorama Ventures to buy minority stake of 25% in EPL from Blackstone
📝 DBS Bank to cut 10% workforce in 3 years as AI transforms operations
📝 Qualcomm brings Snapdragon X platform to India for more affordable AI PCs
📝 India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
📝 Several APAC economies like India, Korea could face higher US tariffs: S&P
📝 India Inc revenue to grow 7-8% in Q4 on demand revival, govt spend: ICRA
Economic Times
📝 India’s IT industry to hit $300-billion revenue mark in FY26: Nasscom report
📝 India-UK FTA: Immigration has never been a part of trade negotiations, says Piyush Goyal
📝 Apple plans Texas factory for AI servers, 20,000 research jobs
📝 Dabur India plans to invest Rs 550 crore in Madhya Pradesh
📝 Parle, Rasna anticipate double-digit growth this summer season
📝 Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
📝 India’s GCC sector surges: 24 centres cross $1 bn revenue, on path for further growth
📝 India sets strategic path for AI growth with nuclear energy investments
📝 India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says
📝 26% equity mutual funds outperformed respective benchmarks in January
📝 Ashok Leyland targets ₹2,000 crore in savings with focus on leaner financial structure and profit growth
Mint
📝 Railways will achieve 100 pc electrification in FY26: Ashwini Vaishnaw
📝 Maruti Suzuki to launch three more EVs after e Vitara, aims 50% market share
📝 India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
📝 Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
📝 Canadian banks expected to build reserves to cushion tariff uncertainty
📝 Byju’s insolvency: NCLT approves new resolution professional
📝 Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
📝 ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India
📝 Bharat Forge Arm Kalyani Powertrain collaborates with AMD to enter the Indian server market
📝 Amid global risks, Indian retail investors increase allocation to bonds, FDs
📝 EaseMyTrip to invest ₹200 cr for manufacturing electric buses in MP, says CEO
🇮🇳 India Daybook – Stocks in News
Texmaco Rail: Company signs MoU with Nevomo for high-speed rail solutions and predictive track maintenance. (Positive)
NTPC Green Energy: Company signs deal to develop 20GW renewable projects in Madhya Pradesh (Positive)
Biocon: Company’s arm Biocon Biologics launches Yesintek Biosimilar in the United States. (Positive)
Madhav Infra Projects: Company announced the partial commissioning of a 12.5 MW solar power project out of 35 MWp total for GSECL in Gujarat. (Positive)
USL/UBL: Government is considering review of duties on import of alcohol; especially Scotch from the UK. (Positive)
Shipping stocks: India plans its own shipping fleet; wants to provide assured demand for ships built in the country from state-run firms: Mint (Positive)
Bharti Airtel: Tata Play, Airtel Digital TV in merger talks as DTH industry struggles amid streaming boom (Positive)
Torrent Power: Company Incorporation of Subsidiary Torrent Green Energy Pvt. Ltd. Incorporated entity To Focus on Renewable energy, including hydrogen, ammonia, and power generation/distribution. (Positive)
CERA: Mr. Ramesh Baliga Has Been Appointed As ‘Chief Business Officer- Polymers and Emerging Business India’ W.E.F. 24th February, 2025. (Neutral)
Shelter Pharma: Company’s board meeting on Feb 24, 2025, appointed CS Aarefa Kutub Kapasi as Company Secretary and Compliance Officer, effective Feb 24, 2025 (Neutral)
Muthoot Capital: Srikanth G Menon resigned as company Secretary and Compliance Officer and Chief Compliance Officer, effective Feb 28, 2025. (Neutral)
APL Apollo: Company announced that Charu Malhotra, Chief Brand Officer, resigned from her position, effective February 24, 2025. (Neutral)
Hitech Corporation: Company has announced the acquisition of 100% of the paid-up share capital of Thriarr Polymers Private Limited. (Neutral)
Cosmo Ferrites: Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Niharika Gupta, and effective April 18, 2025 (Neutral)
Nureca Ltd: Company’s board approved a plan to purchase land in India for manufacturing, R&D, and warehousing facilities. The total investment will be up to Rs. 30 Crores. (Neutral)
Welspun Specialty: Company has set the record date for its rights issue as March 1, 2025. (Neutral)
MPS: Board meeting on Feb 28, 2025, to consider and approve potential fund-raising proposals, including equity share issuance or other equity-linked instruments. (Neutral)
Tata Communications: Company issued and allotted ₹465 Cr Commercial Paper. (Neutral)
Ganesh Housing: NDS family trust acquired 31.33 lakh shares through off market transaction on 20th February. (Neutral)
Godrej Ind: Anamudi Real Estate LLP has acquired 23.05 lakh shares of the company through open market purchase on 20th February. (Neutral)
Steel Strips: Company announced the resignation of Sandeep Sharma, Senior Executive Director (Commercial) (Neutral)
LIC: Company gets GST, interest & penalty notice of ₹57.3 crore for FY2020-21 (Neutral)
Adani Energy: Adani Electricity Mumbai tops three separate national rankings by the Ministry of Power in performance excellence, customer service, and overall performance. (Neutral)
IREDA: Company shareholders approve raising ₹5,000 crore via QIP (Neutral)
ONGC: Board approved investing ₹1,200 Cr in ONGC Green Limited (OGL) through a rights issue. (Neutral)
LIC Housing: Board Meeting to be held on 05-Mar-2025 to consider Fund raising. (Neutral)
Akzo Nobel: India's board approved the sale of its Powder Coatings business and R&D center for ₹2073 Cr and ₹70 Cr to promoter. (Neutral)
UPL: UPL Global Ltd, UK, has made a further investment in Origeo Comercio de Produtos Agropecuarios S.A., a joint venture in Brazil. (Neutral)
SBI Life: Company appoints Dorababu Daparti as Deputy Chief Executive Officer of the company w.e.f. Monday, February 24. (Neutral)
Shree Cement: Company faces ₹41 crore GST demand over valuation, excess Input Tax Credit
Texmaco Rail: Company signs MoU with Nevomo for high-speed rail solutions and predictive track maintenance. (Positive)
NTPC Green Energy: Company signs deal to develop 20GW renewable projects in Madhya Pradesh (Positive)
Biocon: Company’s arm Biocon Biologics launches Yesintek Biosimilar in the United States. (Positive)
Madhav Infra Projects: Company announced the partial commissioning of a 12.5 MW solar power project out of 35 MWp total for GSECL in Gujarat. (Positive)
USL/UBL: Government is considering review of duties on import of alcohol; especially Scotch from the UK. (Positive)
Shipping stocks: India plans its own shipping fleet; wants to provide assured demand for ships built in the country from state-run firms: Mint (Positive)
Bharti Airtel: Tata Play, Airtel Digital TV in merger talks as DTH industry struggles amid streaming boom (Positive)
Torrent Power: Company Incorporation of Subsidiary Torrent Green Energy Pvt. Ltd. Incorporated entity To Focus on Renewable energy, including hydrogen, ammonia, and power generation/distribution. (Positive)
CERA: Mr. Ramesh Baliga Has Been Appointed As ‘Chief Business Officer- Polymers and Emerging Business India’ W.E.F. 24th February, 2025. (Neutral)
Shelter Pharma: Company’s board meeting on Feb 24, 2025, appointed CS Aarefa Kutub Kapasi as Company Secretary and Compliance Officer, effective Feb 24, 2025 (Neutral)
Muthoot Capital: Srikanth G Menon resigned as company Secretary and Compliance Officer and Chief Compliance Officer, effective Feb 28, 2025. (Neutral)
APL Apollo: Company announced that Charu Malhotra, Chief Brand Officer, resigned from her position, effective February 24, 2025. (Neutral)
Hitech Corporation: Company has announced the acquisition of 100% of the paid-up share capital of Thriarr Polymers Private Limited. (Neutral)
Cosmo Ferrites: Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Niharika Gupta, and effective April 18, 2025 (Neutral)
Nureca Ltd: Company’s board approved a plan to purchase land in India for manufacturing, R&D, and warehousing facilities. The total investment will be up to Rs. 30 Crores. (Neutral)
Welspun Specialty: Company has set the record date for its rights issue as March 1, 2025. (Neutral)
MPS: Board meeting on Feb 28, 2025, to consider and approve potential fund-raising proposals, including equity share issuance or other equity-linked instruments. (Neutral)
Tata Communications: Company issued and allotted ₹465 Cr Commercial Paper. (Neutral)
Ganesh Housing: NDS family trust acquired 31.33 lakh shares through off market transaction on 20th February. (Neutral)
Godrej Ind: Anamudi Real Estate LLP has acquired 23.05 lakh shares of the company through open market purchase on 20th February. (Neutral)
Steel Strips: Company announced the resignation of Sandeep Sharma, Senior Executive Director (Commercial) (Neutral)
LIC: Company gets GST, interest & penalty notice of ₹57.3 crore for FY2020-21 (Neutral)
Adani Energy: Adani Electricity Mumbai tops three separate national rankings by the Ministry of Power in performance excellence, customer service, and overall performance. (Neutral)
IREDA: Company shareholders approve raising ₹5,000 crore via QIP (Neutral)
ONGC: Board approved investing ₹1,200 Cr in ONGC Green Limited (OGL) through a rights issue. (Neutral)
LIC Housing: Board Meeting to be held on 05-Mar-2025 to consider Fund raising. (Neutral)
Akzo Nobel: India's board approved the sale of its Powder Coatings business and R&D center for ₹2073 Cr and ₹70 Cr to promoter. (Neutral)
UPL: UPL Global Ltd, UK, has made a further investment in Origeo Comercio de Produtos Agropecuarios S.A., a joint venture in Brazil. (Neutral)
SBI Life: Company appoints Dorababu Daparti as Deputy Chief Executive Officer of the company w.e.f. Monday, February 24. (Neutral)
Shree Cement: Company faces ₹41 crore GST demand over valuation, excess Input Tax Credit
OVERNIGHT UPDATES 25th-FEB-2025
S&P 500 closes lower Monday as market’s comeback attempt fizzles
US stock futures steady after Wall St falls ahead of Nvidia eranings
Treasury Yields inch lower as investors await a flurry of economic data this week
Euro backs off highs as German coalition talks eyed, dollar edges up
Oil settles higher on fresh Iran sanctions, Iraq commitments to OPEC+
Gold prices retreat as traders lock in proifts; U.S. data in focus
Apple to invest $500bn in US expansion, adding 20,000 jobs and AI facilities
Japan trading houses shares surge after Buffett flags investment plans
Chinese firms boost Nvidia H20 chip orders amid DeepSeek AI boom-Reuters
Trump says tariffs on Canada and Mexico “will go forward”
DeepSeek has stoked a rotation out of India stocks into Chinese equities- but experts advise caution
Chinese navy drill in Tasman Sea forced 49 flights to change paths, Australian Official says
Bank of Korea cuts interest rates by 25bps as expected
RBI relaxes certain norms for urban co-operation banks
Oil PSU spend 98% of annual capex target by December amid rising energy demand
Business visas part of India-UK FTA talks but not immigration
India’s Feb gold imports to hit 20-year low on record high prices, says sources
S&P 500 closes lower Monday as market’s comeback attempt fizzles
US stock futures steady after Wall St falls ahead of Nvidia eranings
Treasury Yields inch lower as investors await a flurry of economic data this week
Euro backs off highs as German coalition talks eyed, dollar edges up
Oil settles higher on fresh Iran sanctions, Iraq commitments to OPEC+
Gold prices retreat as traders lock in proifts; U.S. data in focus
Apple to invest $500bn in US expansion, adding 20,000 jobs and AI facilities
Japan trading houses shares surge after Buffett flags investment plans
Chinese firms boost Nvidia H20 chip orders amid DeepSeek AI boom-Reuters
Trump says tariffs on Canada and Mexico “will go forward”
DeepSeek has stoked a rotation out of India stocks into Chinese equities- but experts advise caution
Chinese navy drill in Tasman Sea forced 49 flights to change paths, Australian Official says
Bank of Korea cuts interest rates by 25bps as expected
RBI relaxes certain norms for urban co-operation banks
Oil PSU spend 98% of annual capex target by December amid rising energy demand
Business visas part of India-UK FTA talks but not immigration
India’s Feb gold imports to hit 20-year low on record high prices, says sources
GIFT Nifty +24 pts (22590) from Tuesday's last trade 22566 ,
Nikkei +118 pts ,
Hangseng -4 pts ,
Dow -188.04 pts ,Nsdq +48.88 pts, S&P
+0.81 pts , Bovespa -1210 pts , Ftse +62 pts , Dax +363 pts , Cac +92 pts , Crude @ $68.77 brl (+0.15), Brent @ $72.53 brl (+0.00) , Gold @ 2931.90 (+1.30), Silver $32.53 (-0.04), Euro @ $1.0481, JPY @ $148.87, INR @ 87.105
Today's Corporate Action
27th Feb Ex Date
None
Today's Key Results/Board Meetings
27-Feb-25
BRIGHT
General
GUJCOTEX
Issue Of Warrants;Preferential Issue of shares
KSB
Audited Results;Final Dividend
SANOFI
Audited Results;Final Dividend
SCHAEFFLER
Audited Results;Final Dividend
SHANTAI
General;Stock Split;Increase in Authorised Capital
TRL
Issue Of Warrants;General;Preferential Issue of shares
Stock under F&O ban on NSE
27-Feb-25
1 MANAPPURAM
Nikkei +118 pts ,
Hangseng -4 pts ,
Dow -188.04 pts ,Nsdq +48.88 pts, S&P
+0.81 pts , Bovespa -1210 pts , Ftse +62 pts , Dax +363 pts , Cac +92 pts , Crude @ $68.77 brl (+0.15), Brent @ $72.53 brl (+0.00) , Gold @ 2931.90 (+1.30), Silver $32.53 (-0.04), Euro @ $1.0481, JPY @ $148.87, INR @ 87.105
Today's Corporate Action
27th Feb Ex Date
None
Today's Key Results/Board Meetings
27-Feb-25
BRIGHT
General
GUJCOTEX
Issue Of Warrants;Preferential Issue of shares
KSB
Audited Results;Final Dividend
SANOFI
Audited Results;Final Dividend
SCHAEFFLER
Audited Results;Final Dividend
SHANTAI
General;Stock Split;Increase in Authorised Capital
TRL
Issue Of Warrants;General;Preferential Issue of shares
Stock under F&O ban on NSE
27-Feb-25
1 MANAPPURAM