Shalby announced that its step-down Subsidiary Advanced Technologies (SAT) Inc. secured U.S. Food and Drug Administration 510(k) Premarket Notification clearance for its Duraniom Primary Total Knee Replacement device, equipped with TiNbN coating.
FDA Approval Boosts Shalby’s Expansion
The clearance was based on safety and effectiveness data showing that the device is substantially equivalent to legally marketed predicate devices. This is a significant achievement for Shalby Ltd. as it expands its presence in the medical devices market.
Q2 FY25 Financial Highlights
The company’s net profit plunged 87.71% to ₹3.39 crore, despite a 12.42% rise in revenue from operations, which amounted to ₹267.53 crore for Q2 FY25 compared to Q2 FY24.
Profit before tax (PBT) rose 67.86% year-on-year (YoY) to ₹13.70 crore, although it showed a 54.95% decline quarter-on-quarter (QoQ). EBITDA also saw a YoY decline of 31.5%, reaching ₹39.8 crore.
Revenue from the healthcare services segment grew by 7.37% YoY to ₹239.78 crore, while revenue from the company’s implant manufacturing business surged by 89.48% YoY to ₹27.74 crore.
Shalby’s continued focus on expanding its product pipeline, enhancing operational efficiency, and reducing procurement costs is expected to further support its growth trajectory.
About Shalby
Shalby operates the largest chain of multi-specialty hospitals in Western and Central India and is known for its expertise in arthroplasty, having performed more than 145,000 joint replacements over the last 29 years. The company operates under three verticals: hospital business, Shalby Orthopedics Centre of Excellence (SOCE) franchise, and implant business.
Share Price Performance
Shalby share price traded 3.17% higher at ₹229.72 at 11:25 AM on the NSE. The stock opened at ₹227 higher than ₹226.66 at its previous close.
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.
Quadrant Future Tek’s share price slipped 1.93%, trading at ₹522.50 at 10:30 AM on the BSE, after opening at ₹550.05, up from the previous close of ₹532.80. The stock reached an early high of ₹564.05 before cooling off to ₹507.95. Following a strong market debut on Tuesday, the stock has gained more than 80% from its issue price of ₹290 on the BSE.
IPO Pricing and Subscription Highlights
The company, involved in the development of advanced train control and signalling systems for the Indian Railways’ KAVACH project, raised ₹290 crore through a new issue in its IPO.
The offering, priced between ₹275 and ₹290 per share, was open for subscription from January 7 to 9, 2025, and received a remarkable subscription rate of 186.66 times.
Share Price Performance
On its debut day, the stock opened at ₹370 on the National Stock Exchange, reflecting a 27.6% gain over its issue price of ₹290.
On January 14, 2025, the stock ended at ₹448.75, up 54.74% on BSE, with a volume of 15.38 lakh shares, gaining 20% from its opening price of ₹374.
As the issue size exceeded ₹250 crore, the stock’s upper and lower circuit limits were set at 20% by the exchanges.
About Quadrant Future Tek
The company’s expertise in train control and signalling systems, combined with its deep understanding of railway operations, reduces potential failures and boosts reliability. It manufactures specialty cables for the railway, rolling stock, and naval (defence) industries, and also produces solar and EV cables with comprehensive infrastructure capabilities.
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.
Bengaluru-based Infosys is scheduled to announce its Q3 FY25 results today.
Infosys is expected to report flat quarter-on-quarter revenue of $4,895 million in USD for Q3 FY25.
Infosys Q3 Earnings Preview
As per news reports, Infosys is expected to see a modest 0.7% quarter-on-quarter revenue growth in rupee terms, reaching ₹41,281 crore compared to ₹40,986 crore last quarter.
EBIT is projected at ₹8,791 crore, a slight increase from ₹8,649 crore in the previous quarter, with margins rising to 21.3% from 21.1%.
Profit after tax is anticipated to grow by 3.8% to ₹6,753 crore from ₹6,506 crore in the prior quarter.
In terms of constant currency, Infosys is forecasted to report a 0.9% growth, outperforming TCS, whose growth was flat, but trailing HCLTech’s 3.8% rise.
Key Factors to Watch in Infosys’s Q3 Performance
In Infosys’ Q3 FY25 results, key factors to watch include the company’s revenue growth, particularly in constant currency terms.
Profitability metrics such as profit after tax (PAT) and EBIT margin will be important, with expectations of growth driven by pricing improvements and the impact of Project Maximus.
Any updates to Infosys’ full-year revenue and margin guidance will also be closely monitored.
Comparisons with peers like TCS and HCLTech, along with performance in key business segments such as cloud and digital transformation, will also provide valuable context for assessing Infosys’ growth prospects.
Q2 FY25 Financial Highlights
Infosys, India’s second-largest software exporter, reported a 5% year-on-year (YoY) increase in its consolidated net profit, which reached ₹6,506 crore for the second quarter (Q2) of fiscal year 2025.
The company also saw a 5% YoY rise in its revenue from operations, totalling ₹40,986 crore. Infosys revised its FY25 revenue growth guidance to 3.75%-4.5%, up from the earlier forecast of 3%-4%.
Despite this revenue growth, operating margins showed a slight decline of 0.1% YoY but remained stable QoQ. In terms of employee performance, Infosys had 317,000 employees by the end of the September quarter, and its voluntary attrition rate increased to 12.9%.
Share Price Performance
Infosys share price traded 0.06% lower at ₹1,948.50 at 10:00 AM on the NSE. The stock opened at ₹1,965.95 up against ₹1,949.65 at the previous close.
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.
Reliance Industries Ltd (RIL) is expected to report strong Q3 FY25 earnings, driven by improvements in its oil-to-chemicals (O2C) and digital services sectors. Retail revenue may dip slightly, but Jio’s ARPU is expected to grow. The growth in subscriber numbers will be an important factor to monitor.
Reliance Industries Q3 Earnings Preview
As per news reports, Reliance Industries‘ earnings before interest, tax, depreciation, and amortisation (EBITDA) are expected to benefit from a 10% rise in the O2C segment, a 7% increase in Jio, driven by the full impact of recent tariff hikes, and an 8% to 9% growth in the retail division, fueled by strong festive season demand.
The company’s EBITDA margin is projected to increase by 150 basis points from the previous quarter, reaching 18.4%, up from 16.9% in the same period last year.
Net profit is also anticipated to grow by 8%, reaching ₹17,853 crore, according to the news reports.
After a decline in the first half of the year, Reliance’s O2C sector is poised for a recovery, with refining margins improving from $5.6 per barrel in the prior quarter to $7.6 per barrel.
Key Factors to Watch in RIL’s Q3 Performance
Key points to watch in Reliance Industries’ Q3 FY25 results include the performance of its refining and O2C sectors, with an anticipated improvement in refining margins.
Jio’s telecom performance, particularly in terms of ARPU growth and subscriber additions, will be crucial, as will be the retail segment’s performance, which is expected to benefit from festive season sales.
Additionally, the outlook for the upstream oil and gas segment, particularly from the KG-D6 block, and consolidated earnings will be important indicators.
Finally, the impact of recovery on refining margins and the performance of the petrochemical business will provide insights into the overall growth of the company.
Q2 FY25 Financial Highlights
Reliance Industries Ltd (RIL), led by Mukesh Ambani, saw a 5% decline in its consolidated net profit for the second quarter ending September 2024, which stood at ₹16,563 crore, compared to ₹17,394 crore in the same period last year.
Reliance Jio Infocomm reported a 23.4% increase in its consolidated net profit for the September quarter, reaching ₹6,539 crore, up from ₹5,299 crore in the previous year.
The company’s revenue from operations surged 18%, rising to ₹31,709 crore from ₹26,875 crore in the same quarter of the previous year.
Share Price Performance
Reliance Industries share price traded 0.16% higher at ₹1,254.25 at 9:20 AM on the NSE. The stock opened at ₹1,258.90 up against ₹1,252.20 at the previous close.
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.
You must have heard about the success stories of India’s most successful and valuable startups, including Razorpay, CRED, Pine Labs, OYO, Acko, Swiggy, Dream11, Mobile Premier League (MPL), Livspace, Cars24, Cardekho, and Mobikwik. These companies have not only reshaped industries, raised billions in funding, but also created substantial employment.
As the 3rd largest startup ecosystem in the world, with an expected annual growth rate of 12%-15%, the country’s dynamic startup landscape continues to thrive.
On this National Startup Day, let’s delve into the dynamic startup ecosystem of India, exploring how the rise of unicorns, the influence of platforms like Shark Tank, and government initiatives are accelerating economic growth and innovation.
What is giving Push to Indian Startups?
Government Initiatives
The Indian government has played a pivotal role in fostering the growth of startups through various initiatives and policies aimed at encouraging entrepreneurship. Startup India, launched in 2016, has been a major driving force, offering a host of benefits such as tax exemptions, easy registration processes, and financial support. As of June 30 2024, DPIIT has recognised 1,40,803 entities as startups. Since the launch of the Startup India initiative in 2016.
Access to Funding
As per news reports, foreign investments account for approximately 36% of the total investments for startups in the last decade. Venture capital (VC) and private equity (PE) investors have shown increased confidence in Indian startups, especially after the emergence of several unicorns (startups valued at over $1 billion). Additionally, angel investors and accelerators like Shark Tank India have empowered early-stage startups by providing them with capital, mentorship, and exposure.
Access to Mentorship and Incubators
IIM Bangalore’s NSRCEL incubator and the Centre for Research on Start-ups and Risk Financing (CREST) at IIT Madras have conducted a study revealing that India is home to over 1,100 active startup incubators. The research, titled India Incubator Kaleidoscope 2024, indicates that the southern part of the country is at the forefront, with 45% of the incubators located in this region. Incubators provide essential resources such as office space, technical support, and business guidance.
List of Indian Startups Achieving Unicorn Status in 2024
A unicorn startup refers to a privately held startup company valued at over $1 billion. Below is a list of startups that have achieved unicorn status in 2024, highlighting the remarkable growth and innovation happening within India’s startup ecosystem.
Company
Sector
Month-Year
Money View
Financial Technology
September-2024
Rapido
Transportation
August-2024
Ather Energy
Automotive (Electric Vehicles)
August-2024
Porter
Logistics
May-2024
Perfios
Financial Technology
March-2024
Krutrim
Enterprise Applications
January-2024
How Startups are Shaping India’s Economic Future?
From FY16 to FY23, startups contributed 10% to 15% to India’s gross domestic product (GDP) growth, according to KPMG’s whitepaper. Let’s take a look at how these startups have played a pivotal role in driving economic progress during this period.
Job Creation through Startups
Since the launch of the Startup India Initiative in January 2016, over 1.49 lakh startups have been recognised, making a significant contribution to employment. These startups have collectively created over 16 lakh direct jobs, demonstrating their critical role in the Indian economy.
Achieving Gender Diversity
This massive job creation spans multiple industries, from technology to manufacturing, offering diverse opportunities for individuals across the country. With 48% of these startups having at least one woman director, they are also fostering gender diversity in the entrepreneurial space.
Boosting Regional Development
Startups are not just concentrated in metropolitan areas but are also helping to drive growth in tier 2 and tier 3 cities. Around 50% of startups are based outside the major urban centres, contributing to the decentralisation of economic growth.
Boost in IT Services, Healthcare Sectors
The growth of startups in the IT services, healthcare and life sciences, and education sectors has driven significant advancements in these industries. As of October 3, 2023, the IT services sector leads the startup ecosystem, accounting for 13% of all startups, followed by healthcare and life sciences at 9%, and education at 7%.
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.
On Wednesday, January 15, 2025, the Indian benchmark indices Sensex gained by 224.45 points, or 0.29%, to close at 76,724.08, while the Nifty 50 surged by 37.15 points, or 0.16%, ending at 23,213.20. Check out a few stocks that might be in focus during the trading session on Thursday.
L&T Technology Services
L&T Technology Services (LTTS) reported a modest increase in profit for the third quarter, rising by 0.87% to reach ₹322.4 crore, compared to ₹319.6 crore in the previous quarter. The company’s revenue grew by 3.1%, totalling ₹2,653 crore, up from ₹2,572.9 crore. EBIT saw a notable increase of 8.8%, reaching ₹421.9 crore, versus ₹387.7 crore in the prior period.
Rail Vikas Nigam
RVNL has been awarded a letter of acceptance for a contract valued at ₹3,622 crore from Bharat Sanchar Nigam Limited (BSNL). The project involves the development, enhancement, and ongoing management of the Middle Mile network under BharatNet, following the Design, Build, Operate, and Maintain (DBOM) framework.
GAIL India
GAIL India has reached a settlement with SEFE Marketing & Trading Singapore Pte Ltd. As part of the agreement, SEFE Marketing & Trading Singapore will pay $285 million to GAIL, and in return, the arbitration case pending before the London Court of International Arbitration will be withdrawn.
CEAT
CEAT, a tyre manufacturer and part of the RPG Group, reported a 46.5% year-on-year (YoY) drop in net profit, which amounted to ₹97.1 crore for the third quarter ending December 31, 2024. In the same quarter of the previous year, the company had recorded a net profit of ₹181.5 crore, according to a regulatory filing. However, CEAT’s revenue from operations saw a growth of 11.4%, reaching ₹3,299.9 crore, compared to ₹2,963.1 crore in the same period of the prior fiscal year.
Happiest Minds
Happiest Minds, an IT company, has entered into a strategic partnership with Coca-Cola Beverages Vietnam to create generative AI (GenAI) solutions focused on improving organisational productivity and operational efficiency. As part of its GenAI business services (GBS), Happiest Minds collaborated with Coca-Cola’s strategic team during an initial discovery phase to assess business needs and design customised solutions.
Exide Industries
Exide Industries, a prominent battery manufacturer, has made an investment of ₹149.99 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. This increases Exide’s total stake in EESL to ₹3,302.23 crore. The company subscribed to 4.17 million shares of EESL at a price of ₹10 per share, with an additional premium of ₹26 per share.
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.
To tackle liquidity challenges, IDBI Bank and Bank of Baroda have raised FD rates, introducing special schemes like higher rates for senior citizens and flexible withdrawal options in liquid FDs.
What Is Causing the Liquidity Crunch?
Recently there has been a strain on rupee liquidity in India, driven by companies settling their tax obligations and investors borrowing funds to purchase stocks, the demand for the local currency has surged.
In response to ongoing liquidity challenges, banks are revising their fixed deposit (FD) offerings to attract customers and boost deposit growth. IDBI Bank and Bank of Baroda have both introduced enhanced FD rates, targeting specific customer segments and offering more flexible terms.
IDBI’s Special FD Scheme for Senior Citizens
IDBI Bank has recently rolled out the IDBI Chiranjeevi-Super Senior Citizen FD scheme, tailored for individuals aged 80 and above. This product provides higher interest rates, offering an additional 65 basis points (bps) over the standard FD rates and 15 bps more than the regular senior citizen rates.
Some of the interest rates include 8.05% for a 555-day tenure, 7.9% for 375 days, 8% for 444 days, and 7.85% for 700 days. This scheme came into effect on January 13, 2025.
BOB Introduces Flexible FD with Senior Citizen Benefits
Meanwhile, the Bank of Baroda introduced a liquid FD scheme that allows customers to make withdrawals in units of ₹1,000, offering flexibility for those needing access to funds.
A minimum deposit of ₹5,000 is required to open an account, with subsequent deposits also in multiples of ₹1,000. The tenure for these deposits ranges from 12 to 60 months, with varying interest rates depending on the duration.
Senior and super senior citizens enjoy additional interest benefits under this scheme, including extra returns for longer deposit periods. For example, senior citizens can earn an additional 0.5% on deposits up to three years and 0.6% on deposits over 3 years and up to 5 years, while super senior citizens enjoy an additional 0.1% on deposits longer than a year.
Conclusion
With liquidity shortages still affecting the banking sector, these initiatives reflect banks’ efforts to stay competitive and attract depositors by offering higher returns and specialised 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.
January 16, 2025 04:50 PM
Union Budget 2025 Live Updates: Angel One’s Coverage Begins
Welcome to Angel One’s everyday developments on the economy, stock market, and taxation ahead of Union Budget 2025. Get insights on the latest events and expectations right here.
January 16, 2025 04:50 PM
Union Budget 2025 Live: When FM Nirmala Sitharaman Will Present This Year’s Budget?
Finance Minister Nirmala Sitharaman is all set to present her 8th consecutive Union Budget on Saturday, February 1, 2025, at 11:00 AM in Parliament. However, the central government has yet to officially confirm the date and time.
January 16, 2025 04:50 PM
Budget 2025 Live: Stock Market NSE, BSE Will Be Open on Saturday, February 1 for Union Budget 2025
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have confirmed that stock markets will remain open on Saturday, February 1, 2025, during the presentation of the Union Budget for the fiscal year 2025-26 by Finance Minister Nirmala Sitharaman.
Trading will be conducted as usual, from 9:15 AM to 3:30 PM. This follows the precedent set in previous years, including February 1, 2020, and February 28, 2015, when the Union Budget was presented on a Saturday.
January 16, 2025 04:50 PM
Union Budget 2025 Live Update: India Proposes PLI Scheme for Electronics Components
India is gearing up to strengthen its electronics manufacturing sector with a Production Linked Incentive (PLI) scheme worth ₹25,000 crore, aimed at boosting domestic production of key electronic components.
As per news reports, the Finance Ministry has already approved the proposal, and the Ministry of Electronics and Information Technology (MeitY) is set to seek Cabinet approval ahead of its announcement in the Union Budget 2025.
The PLI scheme, which targets the manufacturing of components such as printed circuit boards (PCBs), batteries, camera modules, and display units, is expected to significantly enhance India’s electronics ecosystem.
January 16, 2025 04:50 PM
Union Budget 2025 Live: AMFI’s 15-Point Tax Proposal to Drive Mutual Fund Investments
The Association of Mutual Funds in India (AMFI) has outlined a 15-point proposal ahead of Union Budget 2025-26 to encourage mutual fund investments and enhance investor confidence.
As part of the proposal, AMFI has called for tax reforms including restoring indexation benefits for debt funds, revising capital gains tax rates, and launching new pension-oriented schemes. The aim is to create a more attractive tax environment and provide long-term benefits to investors.
Key recommendations include recognising Fund of Funds as equity-oriented schemes, allowing pension schemes with NPS-like benefits, and introducing debt-linked savings plans to incentivise investments in high-rated bonds.
January 16, 2025 04:50 PM
Union Budget 2025 Live Update: Government Announces Major Reshuffle in Ministry of Finance
In a key development ahead of the Union Budget 2025-26, the government has made strategic changes within the Ministry of Finance, including new appointments to strengthen the leadership team. The reshuffle is aimed at enhancing the ministry’s capacity to handle complex fiscal policies and reforms for the upcoming budget.
This reshuffle comes at a critical juncture, with the Union Budget 2025-26 on the horizon. It signals the government’s commitment to having experienced leadership in place to navigate fiscal challenges and implement key reforms that will shape India’s economic future.
Tuhin Kanta Pandey has been appointed as Secretary of the Department of Revenue while continuing his role as Finance Secretary. Arunish Chawla has been appointed Secretary of the Department of Investment and Public Asset Management (DIPAM), and will also oversee the Department of Public Enterprises (DPE) and Ministry of Culture.
January 16, 2025 04:50 PM
Union Budget 2025 Live: Evolution of Income Tax in India Under FM Nirmala Sitharaman
In the past 4 years, Finance Minister Nirmala Sitharaman has rolled out transformative reforms to make India’s income tax system simpler and more efficient. The new tax regime, introduced with significant relief, offered tax exemptions for salaried individuals earning up to ₹7.75 lakh for salaried.
Beyond income tax, Sitharaman’s reforms have also boosted the National Pension System (NPS), with private-sector employees who were able to claim up to 14% of their basic salary as a deduction, making long-term savings more attractive. The Tax Collection at Source (TCS) mechanism was modernised, simplifying the tax calculation process for employees.
January 16, 2025 04:50 PM
Union Budget 2025 Live: RBI Reshuffles Deputy Governors’ Portfolios
The Reserve Bank of India (RBI) announced a reshuffle of portfolios among its deputy governors following the retirement of Dr. Michael Debabrata Patra, its senior-most deputy governor. The key Monetary Policy Department has been handed over to M Rajeshwar Rao, the senior-most deputy governor.
The reshuffle has impacted 33 departments, which have now been distributed among the three deputy governors—Rao, T Rabi Sankar, and Swaminathan Janakiraman. As part of the rejig, Rabi Sankar will manage 13 departments, including Currency Management, Information Technology, Financial Markets Operations, and Financial Markets Regulation.
Meanwhile, Swaminathan Janakiraman will take charge of nine departments, including Supervision and the Deposit Insurance and Credit Guarantee Corporation.
January 16, 2025 04:50 PM
Union Budget 2025 Live: NAREDCO Proposes Hike in Housing Loan Interest Deduction
The National Real Estate Development Council has proposed significant reforms ahead of the Union Budget 2025, focusing on the housing sector. NAREDCO has called for an increase in the housing loan interest deduction limit from ₹2 lakh to ₹5 lakh to boost affordable housing.
Additionally, NAREDCO is advocating for granting infrastructure status to the housing sector, which would help attract more funds and foster growth in affordable housing, urban development, and road infrastructure. NAREDCO’s Chairman, Niranjan Hiranandani, expressed concerns about the stagnation in the affordable housing sector, marking the first decline in growth during his 40-year career.
HCLTech’s strategy of hiring 80% local talent in the U.S. ensures minimal impact from potential changes in the H1B visa program, as reported in news coverage quoting a senior company executive. This reflects the company’s resilience and adaptability in the face of shifting policies
HCLTech’s Local Hiring Strategy
HCLTech, a leading global IT services company, remains confident about its U.S. operations, even in light of potential changes to the H1B visa policy under the new US administration.
A senior executive confirmed that HCLTech relies on a workforce composition that minimises its dependence on H1B visas, with approximately 80% of its US employees being local hires, as per news reports
This strategic move has been in place for the last four years and is expected to shield the company from any significant disruptions if the policy environment shifts.
Why H1B Visa is a Concern for IT Companies?
The H1B visa program allows U.S. companies to hire foreign workers temporarily for specialised roles. Indian firms, particularly in the tech industry, have been major beneficiaries of this program.
While Indian IT firms have traditionally benefited from the H1B visa program, changes proposed by former U.S. President Donald Trump during his administration, which prioritised American workers, might bring more challenges.
However, HCLTech’s focus on local talent-hiring has allowed the company to keep its H1B applications to a modest number, between 500 and 1,000 annually.
HCLTech’s proactive approach has not only reduced its reliance on foreign workers but also provided it with a competitive edge as immigration policies continue to evolve.
The company’s recent financial growth, including a 5.54% profit increase, further underscores the resilience of its business model.
Indian Tech Giants Dominate US H-1B Visa Allocations
According to data from the U.S. Citizenship and Immigration Services, Indian-origin tech companies secured 20% of all H-1B visas issued by the U.S., with Infosys and Tata Consultancy Services at the forefront.
During the April-September 2024 period, out of the 130,000 H-1B visas granted, approximately 24,766 were allocated to companies based in India.
Share Price Performance
HCL Technologies share price traded 0.69% higher at ₹1,826 at 2:45 PM on the NSE. The stock opened at ₹1,836 up from its previous close of ₹1,813.55.
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.
Blue Dart, South Asia’s premier express air and integrated transportation and distribution company, has launched its largest low-emission integrated facility in Bijwasan, Delhi, marking a significant step towards sustainability and operational excellence. The 2.5 lakh sq. ft. hub optimises logistics and supports decarbonisation.
Introduction to the Facility
The facility is equipped with solar power installations and connects multiple air and ground services between North India and the rest of the country.
Strategically located along the prominent Dwarka Expressway, the facility is just 20 minutes from Indira Gandhi International Airport, making it a key logistics hub that enhances connectivity across the Northern region and beyond.
The facility has direct access to the IGI Airport, Indian Railways, metro corridors, and major national highways, seamlessly integrating with the upcoming Gati Shakti Logistics Corridor, the company said in a press release on stock exchanges.
Facility Design and Capacity
The 2.5 lakh sq. ft. facility aligns with the PM Gati Shakti National Master Plan and emphasises Blue Dart’s commitment to India’s express logistics infrastructure.
It is designed for efficient palletised cargo handling with a capacity to process over 5.5 lakh shipments per day. Additionally, the facility integrates state-of-the-art automated systems to ensure quick and precise sorting, reducing manual handling.
Sustainability Focus and Solar Power
This facility also features solar power installations with a 600-kW capacity, focusing on sustainability by minimising carbon emissions. The new hub strengthens Blue Dart’s extensive network, supporting over 19,000 pin codes and more than 56,000 locations nationwide.
About Blue Dart
Blue Dart has a fleet of over 250 ground network routes and eight dedicated freighters. The company offers innovative solutions like the GoGreen Plus service, providing decarbonisation options to customers and encouraging subcontractors to adopt sustainable transport solutions.
Share Price Performance
Blue Dart’s share price traded 0.99% lower at ₹6,163.24 at 2:00 PM on the NSE, opening at ₹6,290 up from its previous close of ₹6,224.60.
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.
