Swiggy Instamart Introduces ‘Maxxsaver’ for Bigger Savings on Large Orders

Swiggy Instamart, the quick commerce service of Swiggy, has introduced a new in-app feature called ‘Maxxsaver’ to help customers save more on large purchases. The feature applies automatically at checkout, allowing users to maximise their savings without any extra steps.

Wide Range of Products

Swiggy Instamart offers over 35,000 products, including groceries, daily essentials, electronics, smartphones, fashion, makeup, and toys. With the launch of Maxxsaver, the company aims to make shopping more affordable by offering savings of up to ₹500 once a certain order value is reached.

Know More Why is the Indian Stock Market Rising on April 08? Five Key Reasons Explained. 

Exclusive Benefits for Swiggy BLCK Members

The company plans to extend this feature to customers who are part of Swiggy’s premium membership program, BLCK, in the near future.

Swiggy’s Commitment to Affordable Shopping

Amitesh Jha, CEO of Swiggy Instamart, emphasised the company’s focus on delivering value to customers. He stated that as more people rely on Swiggy Instamart for essentials and other products, the company is committed to offering better pricing and affordability. Maxxsaver rewards customers who place larger orders by unlocking greater savings, making both small and bulk purchases more cost-effective.

Expanding Reach Amid Growing Competition

Swiggy Instamart has expanded to 100 cities, driven by increasing demand from smaller towns. The quick commerce industry is becoming more competitive, with companies expanding their product range and preparing for potential competition from major e-commerce players like Flipkart and Amazon.

Similar to Zepto’s SuperSaver

Maxxsaver is similar to Zepto’s SuperSaver, which launched in September 2024. As competition grows, quick commerce platforms are continuously introducing new features to attract customers and stay ahead in the market.

About Swiggy 

Swiggy is an Indian food delivery and online ordering platform. Established in 2014, the company is based in Bangalore and, as of July 2023, serves over 580 cities across India.

As of April 8, 2025, Swiggy share price stands at ₹329.55, up by ₹7.85 (2.44%). The stock opened at ₹329.00, reached a high of ₹333.00, and a low of ₹322.55. The company has a market capitalisation of ₹75,500 crore. While the P/E ratio and dividend yield are unavailable, the stock’s 52-week high is ₹617.30, and the 52-week low is ₹306.95.

Conclusion

With the launch of Maxxsaver, Swiggy Instamart is enhancing affordability and convenience for customers. As competition in quick commerce intensifies, such features will play a key role in attracting users and boosting customer loyalty.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

NACL Soars 120% in a Month as Coromandel Acquires 53% Stake

NACL Industries share price soared 5% in Tuesday’s intra-day trade, hitting a new high of ₹149.10 on the BSE. The stock has been on an impressive rally, locked in the upper circuit for 6 consecutive trading days, gaining 52% during this period. Over the past month, it has surged by 112%, significantly outperforming the BSE Sensex, which fell by 1% in the same period.

At 11:03 AM, around 258,000 shares were traded, with buy orders pending for nearly 1.5 million shares on both the NSE and BSE.

Coromandel’s Acquisition of NACL

On March 12, 2025, Coromandel International, a Murugappa Group company, announced its plan to acquire a 53% stake in NACL for ₹820 crore. The transaction is expected to be completed by the first half of fiscal 2026, subject to regulatory approvals.

This acquisition will improve NACL’s business and financial position by enhancing sourcing efficiency, consolidating research and development (R&D) efforts, and leveraging Coromandel’s strong management and financial reputation.

Read More: Are Stock Markets and Banks Open on 14 April, Ambedkar Jayanti?

About NACL Industries

NACL Industries is a crop protection company with a strong presence in the Indian market. It manufactures branded agrochemical formulations for domestic use and exports technical-grade pesticides to key global markets. The company is also involved in contract manufacturing for multinational agrochemical firms.

Impact on Coromandel International

Coromandel sees this acquisition as a strategic move to strengthen its position in India’s crop protection industry. The deal will help the company:

  • Expand its technical-grade agrochemical portfolio 
  • Strengthen its domestic formulation business 
  • Scale up operations and enter contract manufacturing 
  • Speed up new product development and commercialisation 

Coromandel’s management believes this move will boost its presence in both domestic and export markets. The company plans to leverage its expertise, sourcing capabilities, and global reach to enhance NACL’s performance and create more value for shareholders.

Coromandel’s Stock Performance

Coromandel International share price gained 4% to ₹2,055 on the BSE during intra-day trading. The stock hit a 52-week high of ₹2,125 on April 3, 2025. Since March 2025, Coromandel’s stock has rallied 19%.

Financial and Operational Impact

According to Crisil Ratings:

  • NACL’s operating profitability was weak in fiscal 2024 and 2025 due to lower realisations and provisions for bad debts. 
  • However, this acquisition is not expected to significantly impact Coromandel’s near-term performance, as NACL will contribute around 10% of the combined entity’s revenue and profits. 
  • Coromandel remains India’s largest single-super phosphate producer, holding a 15% market share in fiscal 2024. It is also the second-largest player in complex phosphatic fertilisers (DAP + NPK), with a 15% market share. 
  • Coromandel has a strong financial position with a net cash surplus as of December 2024. 

Government Support and Future Outlook

The Indian government has provided significant financial support to the fertiliser sector, allocating ₹1.67 trillion in subsidies for fiscal 2026. This should help companies like Coromandel maintain a strong financial position.

Crisil Ratings expects Coromandel’s EBITDA per tonne to remain above ₹5,000, supported by adequate Nutrient-Based Subsidy (NBS) rates aligned with raw material prices. However, any major change in NBS rates or delays in subsidy payouts could impact profitability and will be closely monitored.

Conclusion

With Coromandel’s acquisition, NACL is set for significant business growth and stronger financial stability. The deal will help expand Coromandel’s agrochemical business, boost contract manufacturing, and improve its product portfolio. Meanwhile, government subsidies and Coromandel’s solid financial standing ensure a stable outlook for the company.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Shriram Finance Share Price Gain 5% on Strong Outlook

On Tuesday, Shriram Finance share price surged 5% to ₹648.45 on the BSE during intra-day trade, backed by strong volumes. This rise helped the stock recover most of its recent losses of 6% over the past 3 trading sessions. The stock had earlier touched a 52-week high of ₹730.43 on September 27, 2024.

At 10:14 AM, Shriram Finance was the top gainer in the Nifty Financial Services Index, which was up 1.6%. Meanwhile, the benchmark Nifty 50 also gained 1.62%.

Outperforming the Market

Shriram Finance has outperformed broader markets in recent times. In the past week, it gained 1%, whereas the Nifty 50 declined by 3.3%. Over the last 3 months, the stock has risen by 11%, while the benchmark index has fallen by 5.4%.

Know More Why is the Indian Stock Market Rising on April 08? Five Key Reasons Explained. 

About Shriram Finance

Shriram Finance is the flagship company of the Shriram Group, which has a presence in consumer finance, life insurance, general insurance, stock broking, and distribution businesses. It is one of India’s largest retail asset financing Non-Banking Finance Companies (NBFCs), with Assets Under Management (AUM) exceeding ₹2.54 trillion.

The company operates a vertically integrated business model and provides financing for:

  • Commercial vehicles (passenger and goods transport)

  • MSME loans (micro, small, and medium enterprises)

  • Farm equipment and tractors

  • Gold loans, personal loans, and working capital loans

Credit Rating Upgrade

On March 18, 2025, S&P Global Ratings upgraded Shriram Finance’s credit rating from ‘BB/B’ to ‘BB+/B’, reflecting its belief that the company will benefit from a stronger regulatory environment for top-tier financial companies in India.

The agency expects Shriram Finance to maintain its leadership in the used-commercial vehicle segment, supported by:

  • Long-standing relationships with borrowers

  • Deep market knowledge

  • Strong presence in rural and semi-urban areas

Growth Outlook and Asset Quality

Shriram Finance operates in high-risk, high-return segments, catering to low-income, underbanked customers in rural India. However, India’s economic growth is expected to support the company’s asset quality.

S&P Global Ratings predicts that:

  • Credit costs will improve slightly to 1.9% of average loans in the next two years (compared to 2.1% currently).

  • Non-performing loans and credit costs will remain higher than peers due to the financial vulnerability of its borrowers.

  • Loan growth is expected at 17%-19% over the next two years, while its capital base will remain strong.

  • The company’s Risk-Adjusted Capital (RAC) ratio is estimated to be between 13.5% and 14% in the coming years.

Shriram Finance is focusing on steady, sustainable growth, avoiding overly aggressive expansion. Management remains confident in maintaining stable asset quality in its commercial vehicle loan portfolio while keeping credit costs in check.

Conclusion

With a stable financial outlook, diversified portfolio, and leadership in the used-commercial vehicle market, Shriram Finance is positioned for steady growth. The recent rating upgrade and the company’s strong market presence further boost investor confidence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Why is the Indian Stock Market Rising on April 08? Five Key Reasons Explained

After a sharp decline on Monday, the Indian stock market saw strong buying interest on Tuesday morning. The Nifty 50 index opened higher at 22,446 and quickly climbed to an intraday high of 22,577, gaining 1.88%. Similarly, the BSE Sensex opened at 74,013 and touched 74,421, recording an intraday gain of 1.75%. The Bank Nifty also witnessed a gap-up opening at 50,388 and surged to 50,793, registering a 1.87% rise compared to Monday’s closing price.

This rally is being driven by multiple factors, including easing trade war concerns, strong global markets, short covering by traders, expectations of an RBI rate cut, and positive Q4 2025 earnings reports.

Know More Sensex Weekly Expiry Today: Hindustan Copper, Manappuram Finance and More under F&O ban on Apr 8. 

Let’s explore the five crucial reasons behind today’s market surge.

Trade War Tensions Have Eased

One of the biggest reasons for today’s stock market rise is the reduction in trade war fears. On Monday, former US President Donald Trump stated that several countries, including Vietnam, are ready to negotiate tariffs imposed by the US. This has reduced concerns about an escalating trade war and has shifted the focus toward trade negotiations.

This statement from Trump has brought relief to investors, leading to a positive sentiment in the market. A decline in trade war fears has encouraged traders to take new positions in the market, fueling today’s rally.

Strong Performance in Global Markets

Another major factor contributing to the market’s rise is the strong performance of global stock markets.

After facing a massive selloff on Monday, Asian stock markets rebounded sharply today. The Japanese Nikkei index surged over 5% in early trading, and Hong Kong’s Hang Seng index gained around 1.50%. Other Asian markets also saw strong buying interest, helping to reverse the negative trend in global markets.

Short Covering by Traders After Monday’s Selloff

Monday’s market crash led to many traders taking short positions (betting that stock prices would fall further). However, today’s strong recovery forced these traders to buy back their positions (short covering), further boosting the market’s momentum.

Market Expectations of an RBI Rate Cut

The Reserve Bank of India (RBI) policy meeting is currently underway, and the market is expecting an interest rate cut of at least 25 basis points (BPS).

According to reports, the RBI is likely to take measures to tackle liquidity challenges and control potential inflation risks caused by Trump’s tariff policies. The anticipation of a 25 to 50 BPS rate cut has increased investor confidence, leading to aggressive buying in the stock market.

Investors believe that a rate cut would make borrowing cheaper for businesses, leading to higher corporate earnings and further boosting stock prices.

Strong Q4 2025 Earnings Expectations

The fourth-quarter earnings (Q4 2025) of many Indian companies, especially banks, are expected to be strong, which has boosted investor confidence.

Many Indian banks have already given positive business updates, indicating strong financial performance in Q4. Several banks have also announced plans to raise funds, which suggests that they expect sustained growth in upcoming quarters. This has created optimism in the market, especially in the banking and financial sector stocks.

Conclusion

The Indian stock market’s sharp recovery today is driven by multiple factors, including the easing of trade war concerns, strong global market performance, short covering by traders, expectations of an RBI rate cut, and better-than-expected Q4 2025 earnings reports.

These factors have created positive sentiment in the market, leading to a strong rally across major indices. Investors are now closely watching the RBI policy meeting and upcoming corporate earnings reports, which will determine the market’s direction in the coming days.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Genesys International Share Price Jumps 8% After Bulk Deal by Florida Retirement

On Tuesday, April 8, 2025, Genesys International share price jumped 8.1% to an intraday high of ₹595 per share on the BSE. This surge came after the Florida Retirement System offloaded shares in a bulk deal on the NSE.

At 9:46 AM, the stock was trading at ₹577.90, up 5.03%, while the BSE Sensex gained 1.32% to 74,104.64. The company’s market capitalisation stood at ₹2,300.17 crore. The stock’s 52-week high was ₹1,054.8, and the 52-week low was ₹421.

Know More ChatGPT Can Generate Fake Aadhaar and PAN Cards: How to Verify Them.

Bulk Deal Details

As per NSE data, the Florida Retirement System sold 2,25,192 shares of Genesys International at an average price of ₹547.13 per share.

Strong Q3 Financial Performance

Genesys International reported strong growth in Q3:

  • Revenue: ₹90.93 crore, up 29.06% YoY from ₹61.87 crore. 
  • Net Profit: ₹20.66 crore, a 30.33% increase from ₹15.86 crore. 
  • EBITDA: ₹44.4 crore, up from ₹33.3 crore in the same quarter last year. 

Management’s View

Chairman & MD Sajid Malik highlighted the growing adoption of the company’s mapping solutions. He stated that location intelligence is becoming more crucial for businesses and governance. He also noted that their expertise in 3D digital twin technology is driving future growth.

About Genesys International

Genesys International is a top geospatial solutions provider in India, specialising in high-precision 3D Digital Twin mapping and LiDAR-based GIS platforms. Its mapping solutions support industries like urban planning, transportation, and environmental monitoring.

As of 10:29 AM IST on April 8, 2025, Genesys International Corporation share price is trading at ₹577.35, up 4.96% or ₹27.30. The stock opened at ₹570.00, reaching a high of ₹597.20 and a low of ₹570.00. The company has a market capitalisation of ₹2,300 crore, with a price-to-earnings (P/E) ratio of 44.54. It has no recorded dividend yield. The stock’s 52-week high stands at ₹1,055.00, while the 52-week low is ₹420.55.

Despite the recent jump, the stock has fallen 22% in the past year, whereas the BSE Sensex has declined by 2.1%.

Conclusion

Genesys International’s stock saw a sharp rise despite the bulk deal by Florida Retirement System. Strong Q3 earnings and growing adoption of its mapping solutions could drive future growth. However, long-term investors should consider its past year’s decline before making investment decisions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Mazagon Dock to Declare Interim Dividend Today Amid OFS Update

Navratna PSU Mazagon Dock Shipbuilders is in focus as its board meets today, April 8, 2025, to decide on the declaration of a second interim dividend for the financial year 2024-25.

Board Meeting for Interim Dividend

In a regulatory filing on March 28, 2025, Mazagon Dock Shipbuilders informed the stock exchanges that its Board of Directors would meet to consider the second interim dividend for the financial year.

Know More ITR Filing 2025: 5 Important Things to Do Before Filing Online.

Mazagon Dock’s Dividend History

If approved, this will be the second interim dividend by the company in FY25. Earlier, Mazagon Dock had declared an interim dividend of ₹23.19 per share, with a record date of October 30, 2024.

According to reports, the company has announced 9 dividends since February 2021. In the past 12 months, Mazagon Dock has paid ₹35.30 per share as dividends, offering a dividend yield of 1.52% at its current market price.

Recent Offer for Sale (OFS) by the Government

Mazagon Dock recently completed a 2-day Offer for Sale (OFS), where its promoter, the Government of India, planned to sell a 2.83% stake with an option to sell an additional 2% stake if demand was high.

After exercising the oversubscription option, the total OFS size increased to 1,61,80,354 shares, representing 4.01% of the company’s total shares. The floor price was set at ₹2,525 per share.

OFS Subscription Details

  • April 4, 2025: The OFS opened for non-retail investors, and their quota was fully subscribed by the end of the day.
  • April 7, 2025: The OFS opened for retail investors, employees, and non-retail investors who carried forward their unallotted bids from April 4. However, the retail portion saw a low response, with only 1,127 shares subscribed, covering just 0.07% of the retail offer size.

With the dividend announcement expected today, investors will be closely watching Mazagon Dock’s stock performance.

About Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders, located in Mazagaon, Mumbai, specialises in constructing warships and submarines for the Indian Navy, along with offshore platforms and support vessels for oil drilling.

As of April 8, 2025, at 10:06 AM IST, Mazagon Dock Shipbuilders share price is trading at ₹2,379.15, up by ₹61.85 or 2.67% for the day. The stock opened at ₹2,410.00 and recorded a high of ₹2,447.55 and a low of ₹2,372.00. The company’s market capitalisation stands at ₹96,090 crore, with a price-to-earnings (P/E) ratio of 34.93 and a dividend yield of 0.74%. Over the past 52 weeks, the stock has reached a high of ₹2,930.00 and a low of ₹1,045.00.

Conclusion

With the interim dividend decision expected today, Mazagon Dock Shipbuilders remains in focus. Investors will watch for updates on payouts and stock movements. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

ChatGPT Can Generate Fake Aadhaar and PAN Cards: How to Verify Them

OpenAI’s ChatGPT has gained attention for its advanced image-generation abilities. While impressive, these capabilities have raised security concerns, as people have used AI to create fake Aadhaar and PAN cards. This has led to discussions about AI misuse and the need for stricter rules to prevent fraud.

Can AI Really Create Aadhaar and PAN Cards?

Legal experts say AI can make identity cards that look real but cannot generate actual Aadhaar or PAN numbers linked to government databases. This means that while the card may appear authentic, it will not pass official verification. Using such fake identity cards can result in legal action, including fraud charges.

Know More ITR Filing 2025: 5 Important Things to Do Before Filing Online.

How to Verify Aadhaar and PAN Cards

Check Aadhaar Online

You can verify an Aadhaar number through the UIDAI website:

  1. Visit the official UIDAI website.
  2. Enter the 12-digit Aadhaar number and the captcha code.
  3. The system will confirm if the Aadhaar number is valid.

This process helps detect fake Aadhaar cards and ensures that the number is legitimate.

Use QR Code Scanning

Government-issued Aadhaar and PAN cards come with secure QR codes that prevent fraud. To verify a document:

  • Scan the QR code using a government-approved app.
  • The system will check if the details match official records.
  • If the QR code is missing or does not work, the card might be fake.

How to Stay Safe from AI-Generated Fake IDs

Verify Through Official Portals

Always check your Aadhaar and PAN details using government websites before accepting them.

Educate Employees and Customers

Companies should train their staff to recognise fake documents and understand security risks.

Use Secure KYC Platforms

Choose verification systems that include biometric and OTP-based authentication to prevent fraud.

Mask Sensitive Information

Never share Aadhaar or PAN details without hiding important information to reduce the risk of misuse.

Conclusion

As AI technology improves, the risk of fake identity cards increases. However, by using government verification tools, QR code scanning, and secure KYC methods, individuals and businesses can stay protected. Always verify documents before trusting them, and be cautious when sharing personal information.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

ITR Filing 2025: 5 Important Things to Do Before Filing Online

Filing an Income Tax Return (ITR) is necessary for all taxpayers who fall under the taxable income category. As the new assessment year 2025-26 begins, salaried individuals and other taxpayers can start filing their returns for the previous financial year. Like previous years, the deadline for ITR filing is expected to be 31st July 2025. However, taxpayers requiring an audit have time until 31st October 2025. In exceptional cases, the government may extend these deadlines.

Know More ChatGPT Can Generate Fake Aadhaar and PAN Cards: How to Verify Them.

Who Needs to File an ITR?

Individuals must file an ITR if their annual income exceeds the basic exemption limit.

  • Old Tax Regime:
    • For individuals below 60 years: ₹2.5 lakh
    • For senior citizens (60+ years): ₹3 lakh
  • New Tax Regime:
    • The basic exemption limit is ₹4 lakh.

Even if a person’s income is below these limits, they must file an ITR in certain cases, such as:

  • If they have a savings account balance above ₹50 lakh.
  • If total bank deposits exceed ₹1 crore.

New Tax Slabs Under the New Tax Regime (FY 2025-26)

Annual Income (₹) Tax Rate
Up to ₹4,00,000 Nil
₹4,00,001 to ₹8,00,000 5%
₹8,00,001 to ₹12,00,000 10%
₹12,00,001 to ₹16,00,000 15%
₹16,00,001 to ₹20,00,000 20%
₹20,00,001 to ₹24,00,000 25%
Above ₹24,00,000 30%

Note: No changes were announced in the Old Tax Regime tax slabs in the latest Union Budget.

5 Must-Do Things Before Filing ITR Online

1. Gather All Income-Related Documents

Before filing your ITR, collect all necessary documents, such as:

  • PAN and Aadhaar
  • Form 16 (for salaried individuals)
  • Salary slips
  • Bank interest certificates
  • Capital gains statements
  • Rental income records

2. Choose the Correct ITR Form

Selecting the right ITR form based on your income source and residential status is crucial. Filing an incorrect form may result in rejection or even an income tax notice. This year, the government has made changes to ITR-2, so taxpayers should carefully review the latest updates before filing.

3. Link PAN with Aadhaar & Verify Personal Details

Make sure your PAN is linked with Aadhaar, as this is mandatory for e-verification. Also, check that your name, date of birth, and gender match across all official documents to avoid issues.

4. Check for Available Exemptions and Deductions

Before filing, understand the deductions and exemptions you are eligible for:

  • Basic exemption limit (as per the selected tax regime)
  • Standard Deduction: ₹50,000 (Old Regime) | ₹75,000 (New Regime)
  • Other rebates and tax-saving investments

5. Be Aware of Enhanced I-T Scrutiny

The Finance Bill 2025 allows the Income Tax Department to compare current-year tax returns with previous years to check for discrepancies. This move aims to improve tax compliance and curb tax evasion.

How to File ITR Online?

Follow these steps to file your ITR online:

  • Step 1: Visit the official Income Tax e-filing portal.
  • Step 2: Log in or register on the website.
  • Step 3: Enter your PAN and required details.
  • Step 4: Select your filing mode and tax status.
  • Step 5: Choose the correct ITR form.
  • Step 6: Read all instructions carefully and fill in the required details.
  • Step 7: Review and confirm all information before clicking “Proceed”.
  • Step 8: Validate the form and submit your ITR online.

Once submitted, ensure you verify the ITR within 30 days, either electronically or by sending a signed copy to the Income Tax Department.

By following these steps, you can file your ITR smoothly and avoid any penalties! 

Conclusion

Filing your ITR correctly ensures hassle-free compliance and avoids penalties. Stay updated on tax changes, review details carefully, and file on time for a smooth process! 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Closing Bell: Sensex Drops 2,226 pts, Nifty Sinks 742 pts; Investors Lose ₹14 Lakh Crore

Indian stock markets faced a sharp decline on Monday, April 7, 2025, as a widespread sell-off pulled down major indices for the third straight session. Concerns over economic growth and rising trade tensions between the US and China worsened the situation, leading to heavy losses across sectors.

The BSE Sensex tumbled 2,226.79 points (2.95%), closing at 73,137.90. During the session, it fluctuated between 73,284.24 and 71,425.01. All 30 Sensex stocks ended in the red, with Tata Steel suffering the most, dropping 7.16%. Similarly, the NSE Nifty50 nosedived 742.85 points (3.24%) to settle at 22,161.60.

₹14 Lakh Crore Wiped Out as Trump Tariffs Trigger Market Meltdown

Indian stock markets faced a sharp sell-off on April 7 as US tariffs triggered panic. Sensex plunged 2,226 pts (2.95%) to 73,137.90, while Nifty dropped 742.85 pts (3.24%) to 22,161.60. The crash wiped out ₹14 lakh crore in investor wealth, bringing BSE’s market capitalization down to ₹389.25 lakh crore from ₹403.34 lakh crore.

Read More India VIX Surges 59% Amid Global Market Turmoil; Sensex Crashes 3,900 Points. 

Why Did the Market Fall?

The steep fall was triggered by worries over economic growth and trade tensions between the US and China. US President Donald Trump announced new tariffs, prompting China to impose retaliatory measures. This escalated fears of a prolonged trade war, leading to a risk-averse sentiment among investors.

Top Gainers and Losers

At the end of the trading session, Zomato was the only stock to close in the green on the BSE Sensex, while all other stocks ended in the red.

Midcap and Smallcap Stocks Also Hit

The broader markets were not spared, with the Nifty Midcap100 and Smallcap100 indices tumbling over 3% each.

Sectoral Indices Face Heavy Losses

  • Nifty Metal was the worst performer, sinking 6.75%.
  • Nifty Realty followed with a 5.69% decline.
  • Other sectors, including Nifty IT, Bank, Auto, and Financial Services, also suffered losses of up to 4%.

Oil Prices

As of April 07, 2025, at 03:31 PM, Brent Crude was trading at $63.13, down by 3.74%.

Conclusion

Monday’s market crash was fueled by global trade concerns, leading to heavy losses across all sectors. Investors are now watching for further developments in US-China trade relations and economic policies that could impact market stability in the coming days.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

JSW Steel Reports Record Q4 FY25 Steel Production, Up 12% YoY

JSW Steel achieved its highest-ever consolidated crude steel production in Q4 FY25, reaching 7.63 million tonnes (MT). This marks a 9% increase compared to Q3 FY25 and a 12% rise year-on-year (YoY).

Strong Growth in Indian Operations

The company’s Indian operations also recorded their highest-ever quarterly crude steel production at 7.40 MT, reflecting a 9% growth quarter-on-quarter (QoQ) and a 13% increase YoY. The capacity utilisation, excluding trial runs, stood at 93% for the quarter.

Read More Hexaware Tech Shares in Focus; Declare ₹5.75 Dividend for FY25, Record Date April 15. 

Production Breakdown (in million tonnes – MT)

Particulars Q4 FY25 Q3 FY25 Q4 FY24 QoQ Growth YoY Growth
Indian Operations 7.40* 6.82 6.54 9% 13%
JSW Steel USA – Ohio 0.23 0.21 0.25 – –
Consolidated Production 7.63 7.03 6.79 9% 12%

(Includes trial run production of 0.21 MT in Q4 FY25 vs. 0.12 MT in Q3 FY25.)

Expansion at Vijayanagar Steel Plant

JSW Steel is making significant progress in expanding its 5 MTPA integrated steel project at Vijayanagar through its subsidiary, JSW Vijayanagar Metallics Ltd. (JVML).

  • The 4.5 MTPA Blast Furnace, Raw Material Handling System, and Sinter Plant were commissioned in Q2 FY25.

  • One out of two Converters and Casters at the Steel Melt Shop was commissioned in Q3 FY25.

  • Once fully ramped up, this project will increase Vijayanagar’s crude steel capacity to 17.5 MTPA, boosting JSW Steel’s total Indian operations crude steel capacity to 34.2 MTPA.

Full-Year Production Performance (FY25)

JSW Steel’s total steel production for FY25 showed steady growth compared to the previous year.

Annual Production Breakdown (in MT)

Particulars FY25 FY24 Growth %
Indian Operations 26.98* 25.55 6%
JSW Steel USA – Ohio 0.81 0.87 –
Consolidated Production 27.79 26.42 5%
JSW Ispat Special Products (Merged from July 31, 2023) – 0.26 –
Total Combined Volumes 27.79 26.68 4%

(Includes trial run production of 0.33 MT in FY25.)

About JSW Steel

JSW Steel is the flagship business of the US$ 24 billion JSW Group, a diversified conglomerate with interests in energy, infrastructure, cement, paints, real estate, e-platforms, mobility, defence, sports, and venture capital. The company has expanded from a single manufacturing unit to become India’s leading integrated steel producer, with a consolidated crude steel capacity of 35.7 MTPA, including 1.5 MTPA in the US.

As of April 7, 2025, at 2:29 PM IST, JSW Steel share price traded at ₹925.05, down 8.02% (-₹80.70). The stock opened at ₹906, hit a high of ₹959, and a low of ₹905.20. It has a market cap of ₹2.26 lakh crore, a P/E ratio of 68.56, and a dividend yield of 0.79%. The 52-week high and low stand at ₹1,074.90 and ₹823.80, respectively.

Conclusion

JSW Steel’s record-breaking Q4 FY25 production highlights its strong growth trajectory. With capacity expansion at Vijayanagar and an aim to reach 43.5 MTPA in the next three years, the company is set to strengthen its position as a global steel leader.

 

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