TVS Motor to Invest ₹2,000 Crore in Karnataka, Set Up Global Capability Centre

TVS Motor Company (TVSM), a global leader in two- and three-wheelers, has announced a ₹2,000 crore investment in Karnataka over the next five years. As part of this expansion, the company will establish a Global Capability Centre (GCC) in the state. Additionally, it will enhance production and engineering facilities in Mysuru, build a new test track, and develop office infrastructure.

At the Invest Karnataka 2025 Global Investors Meet, TVSM signed a memorandum of understanding (MoU) with the Karnataka government to support these initiatives.

Vision for Innovation

TVS Motor’s Managing Director, Sudarshan Venu, emphasised that the new capability centre will attract top talent and foster innovation. It will serve as a hub for engineers, designers, and experts in artificial intelligence (AI) and machine learning (ML) to develop the next generation of two-wheelers.

“As we move towards our 2030 goals, these initiatives will help create new and impactful solutions for personal and commercial mobility,” said Venu.

Mysuru Facility and Growth Plans

TVSM currently operates a state-of-the-art factory in Mysuru, employing over 3,500 people with an annual production capacity of 1.5 million vehicles. The factory caters to both domestic and international markets, contributing ₹1,200 crore in export revenue from a total of ₹7,600 crore. With the new investment, TVSM aims to double its exports and overall revenue from Mysuru.

Other Manufacturing Facilities

Apart from Mysuru, TVS Motor has two other manufacturing plants:

  • Hosur, Karnataka – Spanning 300 acres on the outskirts of Bengaluru
  • Nalagarh, Himachal Pradesh – Supporting production for northern markets

With these expansions, TVS Motor aims to strengthen its position as the world’s fourth-largest two-wheeler manufacturer, currently serving 58 million customers worldwide.

TVS Motor Company share price is currently trading at ₹2,479.70, down by ₹5.30 (0.21%) as of 1:35 PM on February 12. The stock opened at ₹2,500.00, reached a high of ₹2,502.50, and a low of ₹2,420.00. With a market capitalization of ₹1.18 lakh crore, the company has a P/E ratio of 59.67 and a dividend yield of 0.32%. The 52-week high stands at ₹2,958.00, while the 52-week low is ₹1,873.00.

 

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.

HAL’s Order Book to Reach ₹2.5 Trillion in FY26, Exports Remain a Challenge

Hindustan Aeronautics Limited (HAL) expects its order book to grow to ₹2.5 trillion in FY26, as orders for 97 Light Combat Aircraft (LCA) Tejas Mk-1A and 156 Light Combat Helicopters (LCH) Prachand, worth ₹1.3 trillion, are nearing final clearance. These orders are expected to be confirmed within the next 3-6 months, HAL Chairman and Managing Director (CMD) DK Sunil announced during a press conference at Aero India 2025 in Bengaluru.

Upcoming Orders and Growth Outlook

HAL is actively working on securing additional orders, with an expected ₹1.65 trillion worth of contracts in the next 12 months. These include:

  • Su-30MKI fighter jet upgrades
  • Design and development (D&D) sanction for the Indian Multi-Role Helicopter (IMRH)
  • Regular repair and overhaul (ROH) contracts

With these additions, HAL’s total order book is projected to reach ₹2.5 trillion by the end of FY26, even after considering the execution of ongoing projects.

Orders Secured in FY25 So Far

In the first 9 months of FY25, HAL received new orders worth ₹55,800 crore, including:

  • ₹39,000 crore in manufacturing orders
    • 240 AL 31 FP engines worth ₹25,350 crore
    • 12 Su-30MKI fighter jets valued at ₹12,573 crore
  • ₹16,500 crore in ROH, spares, and D&D orders

As of December 2024, HAL’s total order book stands at approximately ₹1.33 trillion.

HAL’s Growth and Production Plans

HAL has achieved Maharatna status, making it the first defence public sector company to earn this recognition. In FY24, it recorded the highest-ever revenue from operations of ₹30,381 crore, with double-digit growth.

Addressing concerns over production delays, the CMD confirmed that HAL will ramp up its LCA Tejas manufacturing capacity. From FY26, the company plans to produce 24 LCAs annually, operating from three production facilities—2 in Bengaluru and 1 in Nasik. The first LCA from the Nasik facility is expected to roll out by March 2025.

LCA Mk-1A Deliveries and Engine Supply Issues

The delivery of LCA Mk-1A aircraft was initially scheduled for February 2024 but faced delays due to supply chain issues with GE Aerospace’s F404-IN20 engines. To continue production, HAL used reserve engines from previous Tejas variants. GE has now resolved the supply issue and committed to delivering 12 engines this year.

HAL has already built 3 LCA Mk-1A jets, with a total of 11 aircraft expected to be completed by the end of FY26. The company aims to deliver all LCA Mk-1As by 2031-32.

Export Challenges and Expansion Plans

Despite its strong domestic order pipeline, HAL faces challenges in securing export contracts for its indigenous aircraft. The company is focusing on international markets in Southeast Asia, North Africa, and South America. To boost exports, the Indian government is working on providing lines of credit (LoCs) to potential buyers.

Indian Air Force’s LCA Plans

The Indian Air Force (IAF) has already placed an order for 83 LCA Mk-1A jets at ₹36,468.63 crore. Additionally, it has moved forward with plans to acquire 97 more LCA Mk-1A aircraft, for which an Acceptance of Necessity (AoN) has been granted. The estimated cost for this order is ₹65,848 crore, and the Contract Negotiation Committee (CNC) process is ongoing.

Once all these orders are finalised, the IAF will have a total of 220 Tejas fighter jets across Mk-I and Mk-1A variants.

HAL share price is trading at ₹3,597.00, down 1.44% as of 12:22 PM on February 12. The stock opened at ₹3,639.05, reached a high of ₹3,641.95, and a low of ₹3,470.05. HAL has a market capitalisation of ₹2.41 lakh crore, a P/E ratio of 28.24, and a dividend yield of 0.97%. The stock’s 52-week high stands at ₹5,674.75, while its 52-week low is ₹2,824.85.

Conclusion

HAL is on track for significant order growth in the coming years, with plans to expand production and meet the needs of the Indian defence sector. However, export opportunities remain a key challenge, and the company is actively working to secure deals with friendly foreign nations.

 

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.

NBCC Q3 FY25 Results: Profit Rises 25% YoY, Declares Interim Dividend

NBCC, a Navratna PSU, reported a 25% YoY increase in its consolidated net profit for the December 2024 quarter (Q3FY25). The profit rose to ₹138.48 crore, compared to ₹110.74 crore in the same quarter last year.

Revenue Growth

The company’s total revenue from operations improved by 16.65% YoY to ₹2,826.96 crore, up from ₹2,423.52 crore in Q3FY24.

Dividend Announcement

NBCC announced an interim dividend of ₹0.53 per share for FY25. The record date for the dividend payment is February 18, 2025.

Expenses and EPS

  • Total expenses increased by 16.4% YoY to ₹2,686.1 crore from ₹2,307.51 crore last year.
  • Earnings per share (EPS) rose to ₹0.51, up from ₹0.41 YoY and ₹0.45 QoQ.

Standalone Performance

  • Net profit increased by 37% YoY to ₹128.60 crore from ₹93.67 crore in Q3FY24.
  • Revenue rose 6.73% YoY to ₹2,047.77 crore from ₹1,918.60 crore.

About NBCC (India) Limited

NBCC (India) Limited, previously called National Buildings Construction Corporation, is a public sector enterprise under the Ministry of Housing and Urban Affairs, Government of India.

As of February 12, 2025, at 11:54 AM, NBCC (India) share price is trading at ₹86.17, up ₹0.81 (0.95%) for the day. The stock opened at ₹86.90, reaching a high of ₹87.00 and a low of ₹82.93. NBCC has a market capitalisation of ₹23,250 crore, a price-to-earnings (P/E) ratio of 48.89, and a dividend yield of 0.49%. The stock’s 52-week high stands at ₹139.83, while its 52-week low is ₹70.07.

 

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.

 

Karnataka Unveils New Industrial Policy 2024-29 to Boost Jobs and Investment

The Karnataka government has launched its Industrial Policy 2024-29, aiming to generate 20 lakh employment opportunities by 2029. The policy was unveiled at the Global Investors Meet – Invest Karnataka 2025 and focuses on boosting manufacturing growth, attracting investments, and making the approval process easier for businesses.

Key Objectives of the Policy

  • Increase the manufacturing sector’s growth rate to 12% per year.
  • Attract investments worth ₹7.5 lakh crore.
  • Improve investor experience through digitalisation and a Single Window System.
  • Promote green manufacturing with sustainability incentives.
  • Strengthen electronics system design & manufacturing (ESDM), aerospace, defence, and future mobility sectors.
  • Ensure balanced regional growth by developing industries in underdeveloped areas.

Special Incentives and Benefits

  • Logistics & Warehousing Industry: Given ‘industry’ status to attract investment and support growth.
  • Skill Development: Workforce upskilling initiatives to bridge skill gaps and improve industry competency.
  • Research & Development (R&D) Support: Industries co-locating R&D or Global Capability Centres (GCCs) with manufacturing units will get 10% additional incentives.
  • Women Workforce Incentives: Special benefits for companies with higher female workforce participation.
  • Backward Region Development: Additional incentives for industries in less developed talukas.
  • Capital Subsidies: Warehousing projects can get up to 20% subsidy on fixed capital investments.
  • Electricity and Stamp Duty Benefits: Five-year exemptions on stamp duty and electricity duty.
  • Worker Housing: Industrial dormitories can receive up to ₹1 crore subsidy or production-linked incentives (PLI) per 1,000-person accommodation.
  • Expanded Zone 1: Now includes 199 talukas (previously 152), ensuring a wider reach of industrial benefits.

Top 20 Investments Announced at Invest Karnataka 2025

  1. JSW Neo Energy Ltd: ₹56,000 crore for renewable energy projects.
  2. Baldota Steel & Power Ltd: ₹54,000 crore for an integrated steel plant.
  3. Tata Power Renewable Energy Ltd: ₹50,000 crore for solar and rooftop solutions.
  4. ReNew Pvt Ltd: ₹50,000 crore for 4 GW renewable energy projects.
  5. Serentica Renewables India Pvt Ltd: ₹43,975 crore for green energy projects.
  6. JSW Group: ₹43,900 crore for cement and steel projects.
  7. Mahindra Susten Pvt Ltd: ₹35,000 crore for renewable energy projects.
  8. Hero Future Energies: ₹22,200 crore for renewable energy and green hydrogen projects.
  9. Suzlon Energy Ltd: ₹21,950 crore for wind power projects.
  10. Essar Renewables Ltd: ₹20,000 crore investment.
  11. Avaada Energy Pvt Ltd: ₹18,000 crore investment.
  12. Epsilon Group: ₹15,350 crore for anode and cathode materials.
  13. Emmvee Energy Pvt Ltd: ₹15,000 crore for solar cell and module manufacturing.
  14. Lam Research: ₹10,000 crore for semiconductor equipment manufacturing.
  15. AMPIN Energy Transition Pvt Ltd: ₹10,000 crore investment.
  16. ACME Solar Holdings Ltd: ₹10,000 crore investment.
  17. O2 Power Pvt Ltd: ₹10,000 crore for renewable energy projects.
  18. Continuum Green Energy Group: ₹10,000 crore for renewable energy.
  19. Sotefin Bharat: ₹8,500 crore for robotic car and bus parking systems.
  20. Shree Cement Ltd: ₹8,350 crore for a cement plant and grinding unit.

Other Key Investments

  • Safran: ₹225 crore for avionics manufacturing.
  • Schneider Electric: ₹2,247 crore for electrical product manufacturing and R&D.
  • Honda: ₹600 crore for electric vehicle manufacturing.
  • Hitachi Energy: ₹1,000 crore for manufacturing and R&D.
  • Bosch: ₹450 crore for manufacturing and R&D.
  • Havells: ₹710 crore for a new R&D centre and expansion in Tumkur.
  • TVS Motor Company: ₹2,000 crore for an advanced R&D facility.
  • UltraTech Cement: ₹4,500 crore for cement manufacturing.
  • Dalmia Cement: ₹3,000 crore for cement projects.
  • Samvardhana Motherson: ₹3,700 crore for manufacturing and assembly.
  • Balaji Wafers: ₹550 crore for snack and wafer production.
  • ESR Advisers: ₹2,500 crore for industrial parks and data centres.
  • KWIN City: Nine universities, including St John’s University of New York City, will establish campuses.

Karnataka’s Commitment to Industrial Growth

The Industrial Policy 2024-29 reinforces Karnataka’s goal of becoming a leading industrial hub by focusing on sustainability, inclusivity, and innovation. The state is set to benefit from record-breaking investments, enhanced industrial infrastructure, and job creation, strengthening its position as a key player in India’s economic growth.

 

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.

8th Pay Commission to Begin Work in April FY2026, Says Expenditure Secretary

The 8th Pay Commission is expected to begin its work in April of the financial year 2025-26, according to Expenditure Secretary Manoj Govil.  Govil stated that the commission’s terms of reference (ToR) will need approval from the Union Cabinet before proceeding.

No Immediate Financial Impact Expected

Govil clarified that the government does not anticipate any financial impact from the 8th Pay Commission during FY2026. However, key ministries will seek views, including the Department of Personnel & Training and the Ministry of Defence. The financial impact of the revised pay structure will be included in the Union Budget for FY2026-27.

What is the 8th Pay Commission?

The central government sets up the Pay Commission to review and revise government employees’ and retirees’ salaries, pensions, and allowances. This revision aims to adjust salaries in line with inflation and ensure fair compensation.

Expected Salary and Pension Hikes

Although the government has not specified the exact salary hike percentage, reports suggest that the minimum basic salary could increase from ₹18,000 to ₹51,480. Nearly 50 lakh central government employees, including defence personnel, and around 65 lakh pensioners, including retired defence staff, are expected to benefit from these revisions.

A Decade-Long Tradition

Since 1946, the government has formed a new Pay Commission approximately every 10 years to review and adjust salaries. The 8th Pay Commission will continue this practice, ensuring periodic revisions in government pay structures.

 

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.

How the ₹1 Lakh TDS Limit Affects Senior Citizens’ FD Earnings

The government has raised the Tax Deducted at Source (TDS) limit on fixed deposit (FD) interest for senior citizens from ₹50,000 to ₹1 lakh per year. This change, effective from April 1, 2025, aims to reduce the administrative burden on senior citizens. However, tax experts emphasise that this is only a procedural change, and senior citizens must still report their total interest income in their Income Tax Returns (ITR).

TDS Limit Increased, But Tax Obligation Remains

Previously, banks deducted TDS if a senior citizen earned more than ₹50,000 in annual FD interest. Now, no TDS will be deducted if the interest is up to ₹1 lakh per year from a single bank. While this means fewer deductions at the source, it does not exempt senior citizens from paying tax on their income.

Senior citizens must still report their full interest earnings in their ITR to avoid penalties. The Income Tax Department tracks high-value transactions, so underreporting can result in scrutiny and fines.

Why Accurate Income Disclosure is Important

Banks and financial institutions report interest payments to the tax authorities. If a taxpayer underreports their interest income, it may be flagged, leading to tax scrutiny.

For example, if a senior citizen earns ₹1.2 lakh in FD interest but only reports ₹1 lakh, this discrepancy may trigger an inquiry. If found guilty of intentional underreporting, the taxpayer could face a penalty of up to 200% of the evaded tax.

Use TDS Calculator to check the calculation.

How Form 15H Can Help

Senior citizens whose total taxable income is below ₹3 lakh per year can submit Form 15H to their bank. This prevents TDS deductions. However, this does not mean they are exempt from tax. If their total income exceeds the exemption limit, they must still pay tax on their interest income.

For example, if Mr Malhotra earns ₹90,000 from his pension and ₹80,000 from FD interest (totalling ₹1.7 lakhs), he can submit Form 15H to avoid TDS. But he must still report this income while filing his ITR.

Ways to Minimise TDS on FD Interest

Senior citizens who expect to earn over ₹1 lakh in FD interest per year can use smart financial strategies to reduce TDS deductions:

  1. Spread FDs Across Multiple Banks – If total interest earnings exceed ₹1 lakh, splitting FDs between different banks can keep interest from any one bank below the TDS threshold.
  2. Opt for Periodic Interest Payments – Choosing monthly or quarterly interest payouts instead of cumulative interest can help manage taxable income.
  3. Apply for a Lower Tax Deduction Certificate – Senior citizens can request a certificate from the Income Tax Department to reduce TDS on their interest earnings.

For instance, if Mr Tyagi plans to invest ₹20 lakh in FDs at an 8% interest rate, a single FD would generate ₹1.6 lakh in interest, attracting TDS. However, by splitting the investment across two banks, earning ₹80,000 from each, he can avoid TDS deductions.

Key Takeaways

  • The new ₹1 lakh TDS threshold helps reduce tax deductions at the source but does not exempt interest income from taxation.
  • Senior citizens must report all their interest earnings in their ITR.
  • Filing Form 15H can prevent TDS for those with income below ₹3 lakh per year.
  • Distributing FDs across multiple banks or opting for periodic interest payments can help minimise TDS deductions.

While this new rule makes tax filing easier, senior citizens must remain vigilant about compliance to avoid penalties.

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.

Dividend Stocks: Page Industries, NHPC and 4 Others to Trade Ex-Dividend on February 13, 2025

Several dividend-paying stocks, including Page Industries, Eris Lifesciences, NHPC, Sun TV Network, United Van Der Horst, and Veedol Corporation, will be in focus on Wednesday as they prepare to trade ex-dividend on February 13, 2025.

Page Industries Declares Highest Dividend

Among these companies, Page Industries has announced the highest interim dividend of ₹150 per share. The eligibility of shareholders for the dividend will be determined based on the record date of February 13, 2025.

Other Interim Dividends Announced

Each of these companies has set February 13, 2025, as the record date for dividend eligibility.

Other Stocks in Focus

Apart from these, stocks of Hero MotoCorp, Cochin Shipyard, Expleo Solutions, Torrent Power, ITC, Minda Corporation, TCI Express, Man Infraconstruction, Uniparts India, and UNO Minda will also remain in focus as they trade ex-dividend today.

Understanding the Ex-Dividend and Record Date

The ex-dividend date is when a stock begins trading without the right to receive a dividend. To qualify for the payout, investors must purchase the stock before this date. The record date is when the company confirms the list of eligible shareholders for the dividend.

Check: List of Dividend Stocks with their record date.

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.

Top Gainers and Losers on February 11, 2025: Sensex and Nifty Fall Over 1%; Eicher Motors Down 6.7%, Adani Ent Gains 1.32%

On February 11, 2025, the Indian stock market continued its downward trend, with both the BSE Sensex and NSE Nifty50 closing over 1% lower. Investors were worried about US President Donald Trump’s new tariff policies, which led to a sharp sell-off.

The Sensex dropped 1,018.20 points (1.32%) to close at 76,293.60 after swinging between a high of 77,387.28 and a low of 76,030.59 during the day. Similarly, the Nifty50 fell 309.80 points (1.32%) to end at 23,071.80. It hit a high of 23,390.05 and a low of 22,986.65.

Broader markets also faced heavy losses, with the Nifty Smallcap100 and Nifty Midcap100 falling 3.45% and 3.02%, respectively.

Here are the top gainers and losers on February 11, 2024: 

Top Gainers of the Day

Symbol Open High Low LTP %chng
ADANIENT 2,312.00 2,397.00 2,306.00 2,321.00 1.32
GRASIM 2,460.00 2,542.00 2,456.05 2,492.00 0.76
TRENT 5,211.55 5,250.00 5,135.00 5,223.80 0.52
BHARTIARTL 1,706.00 1,706.65 1,686.20 1,695.90 0.17
BRITANNIA 4,910.95 4,939.55 4,854.00 4,914.00 0.09

Adani Enterprises

Adani Enterprises led the gainers with a 1.32% rise, opening at ₹2,312.00, hitting a high of ₹2,397.00, and closing at ₹2,321.00.

Grasim Industries

Grasim gained 0.76%, reaching a high of ₹2,542.00 before settling at ₹2,492.00.

Trent

Trent saw a 0.52% gain, touching ₹5,250.00 before closing at ₹5,223.80.

Bharti Airtel

Bharti Airtel ended slightly higher at ₹1,695.90, up 0.17%.

Britannia

Britannia inched up 0.09%, closing at ₹4,914.00.

Top Losers of the Day

Symbol Open High Low LTP %chng
EICHERMOT 5,138.85 5,139.50 4,954.95 4,977.95 -6.7
APOLLOHOSP 6,799.90 6,815.00 6,282.50 6,314.00 -6.61
SHRIRAMFIN 566 566 534 535.5 -4.51
COALINDIA 370 370.5 357.5 358 -3.37
BEL 273.80 274 262.75 264.45 -3.29

Eicher Motors

Eicher Motors led the losers, plunging 6.70% as it dropped from ₹5,138.85 to ₹4,977.95.

Apollo Hospitals

Apollo Hospitals fell 6.61%, hitting a low of ₹6,282.50 before closing at ₹6,314.00.

Shriram Finance

Shriram Finance lost 4.51%, declining to ₹535.50.

Coal India

Coal India dipped 3.37%, closing at ₹358.00 after reaching a low of ₹357.50.

Bharat Electronics Ltd (BEL)

BEL declined 3.29%, ending the session at ₹264.45.

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.

Adani Group Stocks Surge After US Congressmen Request Probe Into Indictment

Adani Group stocks saw a surge of up to 4% on February 11, 2025, following reports that several US Congressmen had written to the newly appointed US Attorney General, requesting a probe into the previous Department of Justice’s (DoJ) indictment of Adani Group officials.

Stock Gains Across Adani Group

Adani Enterprises and Adani Power saw more than 4% gains, while Adani Green Energy and Adani Energy Solutions stocks rose over 3% each. Other Adani Group stocks, including Adani Ports and Adani Total Gas, also saw increases of more than 1%. This rally took place despite a decline in the broader Indian stock market on the same day.

US Congressmen Challenge Adani’s Indictment

The rally in Adani Group stocks was fueled by reports that 6 US Congressmen had written a letter on February 10 to Pamela Bondi, the new US Attorney General. The Congressmen raised concerns about the previous DoJ’s decision to indict Adani Group executives in an alleged bribery case. The letter highlighted the questionable nature of the indictment and its potential to damage the relationship between the US and India, a key ally.

Allegations and Concerns

The DoJ had charged Adani Group’s billionaire founder, Gautam Adani, with allegedly orchestrating a $250 million (₹2,100 crore) bribery scheme to secure favourable terms for solar power contracts in India. However, the Adani Group denied the charges, calling them baseless. The Congressmen criticised the DoJ for pushing the case without deferring it to the appropriate Indian authorities, suggesting that it could harm US-India relations.

The Congressmen expressed concerns that such actions could jeopardise America’s relationship with India, an important partner in trade, economics, and geopolitics, especially ahead of President Trump’s potential return to office.

 

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.

Redington Share Price in Focus as It Declines 4.35% Amid Strong Growth and New Investments

Redington share price is trading at ₹231.43 on February 11, down 4.35% (-₹10.53) as of 1:45 pm on February 11, 2025. The stock opened at ₹242.00, reaching a high of ₹242.37 and a low of ₹229.63. The company has a market capitalisation of ₹18,120 crore, a P/E ratio of 14.29, and a dividend yield of 2.68%. Its 52-week high is ₹244.80, while the 52-week low is ₹158.61. Over the past 5 days, the stock has gained 12.34%, rising by 16.14% in 6 months, 26.80% in one year, and an impressive 286.00% over the past five years.

Financial Highlights

Redington Ltd posted a 15.8% year-on-year (YoY) increase in net profit for Q3 FY25, reaching ₹403 crore compared to ₹347.9 crore in the same period last year. Revenue grew 13.7% YoY to ₹26,716 crore, while EBITDA rose 16.5% to ₹602.4 crore, with the EBITDA margin improving slightly to 2.3% from 2.2%.

The company’s cloud business recorded a strong 42% YoY growth, while its technology solutions group (TSG) segment expanded by 28% due to increased demand and major project wins. Regionally, revenue surged by 24% YoY in the UAE, with positive recovery signs in Saudi Arabia and Turkey. Africa continued its growth trend, while India’s revenue rose 18% YoY.

Recent Developments

Redington Ltd announced a SAR 2 billion (₹4,400 crore) investment plan in Saudi Arabia over the next 10 years. The investment will cover the development of a new headquarters, an advanced automated distribution center, and initiatives to nurture local talent.

Viswanath Pallasena, CEO of Redington MEA, emphasised the company’s dedication to Saudi Vision 2030, which focuses on creating a vibrant society, a strong economy, and an ambitious nation. He stated that Redington aims to support the country’s transformation by aligning its efforts with this vision.

Redington’s Business and Global Presence

Redington is a global technology solutions provider specialising in IT, mobility, and supply chain services. The company has evolved from a traditional IT distributor into a full-service supply chain solutions provider, managing over 45,000 stock-keeping units (SKUs). It operates across India, the Middle East, Turkey, Africa, and South Asia, offering logistics, inventory management, and technology distribution services.

 

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.