Reliance Industries has temporarily stopped purchasing oil from Venezuela after US President Donald Trump approved a 25% tariff on countries importing crude from the South American nation.

Existing Shipment to Be Delivered

India’s largest private refiner is set to receive a shipment of Merey crude that is already on its way from Venezuela. However, any further purchases have been paused, according to sources familiar with the matter.

US Sanctions and Waivers

Reliance had received waivers from the US last year, allowing it to import Venezuelan crude. According to reports, since the start of 2025, the company has imported 6.5 million barrels. However, Trump’s latest executive order will impose secondary tariffs on nations importing Venezuelan oil starting April 2.

Shift Towards Other Oil Sources

Some Indian refiners previously bought Venezuelan oil through traders rather than directly from the country. However, Russian crude remains a preferred choice due to its lower cost and easy availability. Reliance continues to buy oil from Russia as well.

China’s Role in Venezuelan Oil Trade

China remains the biggest buyer of Venezuelan crude, accounting for over 40% of its exports in February. While some Chinese refiners may temporarily reduce purchases due to increased scrutiny, the overall trade in sanctioned oil is unlikely to stop.

About Reliance Industries Limited

Reliance Industries Limited is a multinational conglomerate based in Mumbai, Maharashtra, India. It operates across various sectors, including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, media, and textiles.

As of March 27, 9:28 AM IST, Reliance Industries share price is trading at ₹1,280.65, up ₹7.60 (0.60%) for the day. The stock opened at ₹1,278.15, reached a high of ₹1,282.90, and a low of ₹1,271.30. The company has a market capitalisation of ₹17.33 lakh crore, a P/E ratio of 25.05, and a dividend yield of 0.39%. Over the past year, the stock has touched a 52-week high of ₹1,608.80 and a 52-week low of ₹1,156.00.

Conclusion

Reliance’s decision reflects the growing impact of US trade policies on global oil markets. While Venezuelan crude faces hurdles, alternative sources like Russian oil remain key.

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.

Indian stock markets may open cautiously on Thursday due to weak global cues. While foreign inflows are improving, concerns over US trade policies have impacted global markets. The GIFT Nifty rose 17 points to 23,510.5 at 7:50 AM, suggesting a slightly positive start.

Asian markets declined following Wall Street losses. Japan’s Nikkei dropped 1.16%, and South Korea’s Kospi fell 0.73%. US markets slipped after President Trump imposed a 25% tariff on auto imports, with the S&P 500 losing 1.12%, the Nasdaq 100 down 2.04%, and the Dow Jones declining 0.31%.

On Wednesday, Indian markets ended their seven-day winning streak. The Nifty 50 dropped 0.77% (181.8 points) to 23,486.8, while the Sensex fell 0.93% (728.6 points) to 77,288.5.

Here are key stocks to focus on today: 

Infosys

Infosys laid off 40–45 additional trainees from the 1,200 engineers hired in late 2024 after an assessment on March 18.

Wipro

Wipro secured a ₹5,500 crore (£500 million) contract with Phoenix Group, the UK’s largest retirement services provider. This is one of Wipro’s biggest deals since 2020.

NBCC

NBCC signed a ₹25,000 crore deal with Mahatma Phule Renewable Energy and Infrastructure Technology for housing and urban projects in Maharashtra.

Bharat Forge

Bharat Forge received a ₹6,900 crore defence contract for supplying advanced towed artillery guns and high-mobility gun towing vehicles to the Indian Army.

Torrent Power

Torrent Power transferred shares of 10 subsidiaries to its wholly owned unit, Torrent Green Energy, for ₹474.26 crore.

Ashok Leyland

Ashok Leyland’s electric bus unit, Switch Mobility, may shut one UK plant to improve profitability. The plant contributed just 0.60% of total sales in FY23.

JSW Infrastructure

JSW Infra is acquiring a slurry pipeline business from JSW Utkal Steel for ₹1,617 crore to transport iron ore from Nuagaon mines to Jagatsinghpur, Odisha.

Conclusion

With weak global cues and US trade concerns weighing on sentiment, Indian markets may see cautious movements. Investors will closely track key deals, layoffs, and acquisitions across major stocks like Infosys, Wipro, NBCC, and Bharat Forge for further market direction.

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.

Bharat Dynamics Limited (BDL) share price rose by 3% on Wednesday after the company secured a ₹4,362.23 crore contract from the Ministry of Defence. The deal involves the supply of armaments to the Indian Armed Forces. Due to security reasons, the company has not disclosed further details about the order.

Official Announcement

In a stock exchange filing, Bharat Dynamics confirmed the signing of the contract, stating, “We wish to inform that today BDL has signed a contract worth ₹4,362.23 crore with the Ministry of Defence for the supply of armaments to Indian Armed Forces.”

Previous Defence Contracts

Earlier in January, the Defence Ministry had signed a ₹2,960 crore agreement with a state-owned company for the procurement of medium-range surface-to-air missiles (MRSAM) for the Indian Navy. The contract was finalised in the presence of Defence Secretary Rajesh Kumar Singh.

Strong Financial Performance

Bharat Dynamics reported strong financial results for the December quarter:

• Revenue Growth: Increased by 38% year-on-year, reaching ₹832 crore (from ₹602 crore last year).

• Net Profit: Rose by 9% to ₹147 crore compared to the same period last year.

Bharat Dynamics Share Price Today

As of March 26, 2025, at 3:21 PM IST, Bharat Dynamics share price stood at ₹1,322.80, up by ₹7.20 (0.55%) for the day. The stock opened at ₹1,315.60, reached an intraday high of ₹1,357.70, and touched a low of ₹1,304.75. The company’s market capitalisation is ₹48,490 crore, with a P/E ratio of 85.74 and a dividend yield of 0.33%. Over the past 52 weeks, the stock has traded between a high of ₹1,794.70 and a low of ₹836.50.

The recent order win strengthens Bharat Dynamics’ position in the defence sector, further boosting investor confidence.

Conclusion

With a robust order book and steady financial growth, Bharat Dynamics continues to solidify its role in India’s defence manufacturing sector. The latest contract further strengthens its market position.

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.

Bank of India (BOI) has raised $400 million through a dollar-denominated syndicated loan, marking its first such deal in over a decade. The bank last accessed offshore loan markets in 2012 when it secured a $200 million two-year facility.

Strong Demand Increases Loan Size

The loan, initially planned at $300 millio,n was increased by $100 million using a greenshoe option due to strong demand from lenders. The deal attracted participation from 22 banks, including key arrangers CTBC Bank Co. and Standard Chartered Plc.

Loan Structure and Location

The loan is divided into 2 tranches—one with a 3-year tenure and the other with a 5-year tenure. It was raised through BOI’s branch at Gujarat International Finance Tec-City (GIFT City).

Global Investors Show Confidence in Indian Markets

The successful deal highlights the growing interest in Indian assets among global investors. Indian bonds have seen strong inflows, and stock markets have rebounded after a major selloff. Improving economic indicators, liquidity support from the Reserve Bank of India (RBI), and expectations of an interest rate cut next month are boosting investor confidence.

Foreign-Currency Borrowings May Rise Again

Foreign-currency loans by Indian borrowers have dropped 30% year-on-year to $3.2 billion in 2025, hitting a 4-year low. However, the trend may reverse as large Indian firms seek overseas funding. Reliance Industries Ltd. is reportedly looking to raise up to $3 billion, while Shriram Finance Ltd. is in discussions to secure $250 million through a three-year loan, along with a $1.28 billion multi-currency social loan.

About Bank of India (BoI)

Bank of India (BoI) is a public sector bank based in Bandra Kurla Complex, Mumbai. Established in 1906, it became government-owned after nationalization in 1969. BoI is one of the founding members of SWIFT, which provides efficient financial processing and communication services.

On March 26, at 1:47 PM IST, Bank of India share price was ₹106.65, up 0.65%. The stock opened at ₹105.92, reached a high of ₹107.41, and a low of ₹105.17. The bank has a market capitalisation of ₹48.55K crore, a P/E ratio of 5.70, and a dividend yield of 2.63%. Over the past 52 weeks, the stock has traded between a high of ₹157.95 and a low of ₹90.05.

Conclusion

BOI’s successful fundraising highlights renewed global interest in Indian assets. With major firms also seeking foreign loans, the trend of offshore borrowing may soon rise again.

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.

IndusInd Bank share price gained over 3.5% on March 26 after reports suggested that the bank is hiring global recruitment firms to find new leadership, including a CEO.

Hiring Firms to Scout for Key Positions

According to sources, IndusInd Bank has approached 2 global recruitment firms—Egon Zehnder and Korn Ferry—to help find candidates for important roles. The bank is looking to replace:

• CEO & MD: Sumant Kathpalia

• Deputy MD & Executive Director: Arun Khurana (also serving as CFO)

• Chief Financial Officer (CFO): Replacement for Gobind Jain, who resigned on January 17

• Other key roles: Chief Compliance Officer (CCO) and Chief Operations Officer (COO)

Reports suggest that Egon Zehnder may focus on finding candidates for the CEO and deputy CEO roles, while Korn Ferry could handle recruitment for executive directors and business heads for commercial and consumer banking.

Stock Performance

As of 1:35 PM IST on March 26, IndusInd Bank share price stood at ₹655.85, rising by ₹18.80 or 2.95% for the day. The stock opened at ₹637.40, reaching a high of ₹662.50 and a low of ₹637.40. IndusInd Bank has a market capitalisation of ₹51,100 crore, a P/E ratio of 7.05, and a dividend yield of 2.52%. Over the past year, the stock has traded between a 52-week high of ₹1,576.35 and a 52-week low of ₹606.00.

RBI’s Alleged Directive and Bank’s Response

Last week, as per reports, the Reserve Bank of India (RBI) asked Sumant Kathpalia and his deputy to step down once replacements were approved. However, IndusInd Bank denied these claims, calling them “factually incorrect.”

Derivatives Valuation Issue

On March 10, IndusInd Bank revealed that its derivatives portfolio was overvalued by about 2.35%, amounting to approximately ₹1,500 crore due to non-compliant internal trades.

Conclusion

IndusInd Bank’s leadership transition and valuation concerns have drawn market attention. Investors will closely monitor upcoming executive appointments and regulatory developments.

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.

MSTC Ltd, a Miniratna PSU, is set to declare its third interim dividend for the financial year 2024-25 today (March 26, 2025). The company’s board will meet to finalise the dividend amount and details.

MSTC Share Price Movement

As of March 26, 2025, MSTC share price is trading at ₹521.75, up 0.62% for the day. The stock opened at ₹522, reached a high of ₹533.50, and a low of ₹519.05. MSTC has a market capitalisation of ₹3,670 crore, a P/E ratio of 8.80, and a dividend yield of 7.86%. 

Over the past year, the stock has fluctuated between a 52-week high of ₹1,036.90 and a low of ₹411.10. In the last month, MSTC has gained 15.30%, while over the past 5 years, it has surged by 585.42%.

MSTC Dividend History

MSTC has a strong history of rewarding shareholders with dividends:

• February 2025: ₹32 per share 
• 2024: ₹4 in November, ₹5 in September, ₹5 in February 
• 2023: ₹5.50 in November, ₹3.20 in September, ₹6.30 in February 

MSTC Q3 FY25 Performance

MSTC reported a massive 506.04% YoY jump in net profit, reaching ₹250.9 crore in Q3 FY25, compared to ₹41.4 crore in Q3 FY24. The company recorded an exceptional gain of ₹275.5 crore, a significant turnaround from a loss of ₹1.9 crore in the same quarter last year.

• Revenue Growth: ₹81.1 crore (up 12.8% YoY) 
• EBITDA Growth: ₹48.7 crore (up 18.5% YoY) 

MSTC’s strong financials and consistent dividend payouts make it a stock to watch for investors.

Conclusion

With strong financial growth and consistent dividends, MSTC remains an attractive PSU stock for investors. The upcoming dividend declaration could further boost investor sentiment.

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.

EaseMyTrip has signed an agreement with Tourism New Zealand to encourage more Indian tourists to visit the country. This Memorandum of Understanding (MoU) aims to simplify travel for Indian visitors by offering special packages, exclusive deals, and easier booking options.

Exciting Travel Experiences for Indian Tourists

As part of this partnership, EaseMyTrip will introduce customised travel packages, seasonal promotions, and hassle-free booking options. These initiatives will help Indian travellers explore New Zealand’s stunning landscapes, adventure activities, and cultural heritage. The focus is on making travel easier while increasing awareness about New Zealand as a top international destination.

Nishant Pitti, Chairman & Founder of EaseMyTrip, expressed enthusiasm about the deal, stating, “New Zealand is a dream destination for nature lovers, offering breathtaking scenery, adventure, and culture. We are excited to provide Indian tourists with exclusive travel experiences, ensuring a smooth and affordable journey to the ‘Land of the Long White Cloud’.”

Growing Indian Tourism to New Zealand

Indian travel to New Zealand is experiencing strong growth, and this MoU will focus on attracting tourists during autumn, winter, and spring, which align with India’s holiday seasons.

About EaseMyTrip

EaseMyTrip is one of India’s largest online travel agencies and has been growing rapidly. The company provides end-to-end travel solutions, including flight tickets, hotel bookings, holiday packages, rail & bus tickets, and taxi rentals. It has offices in major Indian cities and operates internationally in the Philippines, Singapore, Thailand, the UAE, the UK, the USA, and New Zealand.

Through this strategic partnership, EaseMyTrip continues to expand its presence globally and strengthen its position as a preferred travel platform for Indian travellers exploring international destinations.

Share Price Movement

As of March 26, 2025, at 11:28 AM IST, Easy Trip Planners share price is trading at ₹12.75, down ₹0.20 (1.54%) for the day. The stock opened at ₹12.95, reached a high of ₹13.03, and a low of ₹12.65. The company has a market capitalisation of ₹2,260 crore, a P/E ratio of 59.10, and does not offer a dividend yield. Over the past month, the stock has gained 4.51%, while it has declined 30.29% in the past 6 months and dropped 42.12% over the past year. The stock’s 52-week high is ₹23.90, and its 52-week low is ₹10.80.

Conclusion

This collaboration enhances travel accessibility for Indian tourists, promoting New Zealand as a prime holiday destination while strengthening EaseMyTrip’s global reach.

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.

Indian Renewable Energy Development Agency (IREDA) shares surged 8% in 5 trading sessions before falling 2% to ₹166.55 on Wednesday. The rally was driven by the company’s announcement of a major borrowing plan and successful fundraising efforts.

IREDA’s ₹30,800 Crore Borrowing Plan

IREDA’s board has approved a borrowing program of ₹30,800 crore for FY 2025-26. The company plans to raise funds through various financial instruments, including taxable and green taxable bonds, subordinated Tier-II bonds, perpetual debt instruments, public and private placement of tax-free bonds, and capital gains tax bonds. Additionally, it will explore Green Masala Bonds, foreign currency bonds (USD/EUR/JPY), and external commercial borrowings (ECB) to support its funding needs.

Successful Fundraising Through Bonds

IREDA recently raised ₹910.37 crore through the issuance of privately placed Subordinated Tier-II Bonds. These bonds have a 10-year tenure and offer an annual interest rate of 7.74%. The company’s Chairman and Managing Director, Shri Pradip Kumar Das, highlighted that this successful fundraising reflects strong investor confidence in IREDA’s financial strength and long-term strategy. The additional capital will help accelerate green energy financing, supporting India’s goal of achieving 500 GW of non-fossil fuel energy capacity by 2030.

Q3 Financial Performance

IREDA reported strong financial results for Q3 FY25, with net profit rising 27% year-on-year to ₹425.38 crore, compared to ₹335.53 crore in the same quarter last year. The company’s revenue saw significant growth, increasing by 35.6% YoY to ₹1,698.45 crore from ₹1,252.85 crore in Q3 FY24. This robust performance indicates IREDA’s growing role in the renewable energy sector.

IREDA Share Price Performance

The share price of IREDA has shown mixed trends over different time periods. In the last 5 days, the IREDA share price has gained 8%, while in the past month, it has increased by 2%. However, over the last 6 months, the stock has declined by 24%. Despite this short-term fall, it has delivered over 20% returns to investors in the past year.

With strong financial backing and a clear focus on green energy financing, IREDA continues to strengthen its position in India’s renewable energy sector.

Conclusion

IREDA’s strong financial performance and strategic fundraising efforts highlight its commitment to green energy financing. Despite recent stock fluctuations, its long-term growth outlook remains positive.

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.