Om Infra Share Price Jumps 10% After Securing ₹448 Crore Water Infrastructure Projects

Om Infra Ltd, a leading infrastructure development company specialising in water management and engineering projects, has been awarded two significant water supply infrastructure contracts by Uttar Pradesh Jal Nigam (Rural). The total project value stands at ₹448 crore, contributing to the company’s expanding portfolio of infrastructure projects.

Project Details: Strengthening Water Infrastructure Across Key Regions

The awarded projects encompass 2 major contracts in Uttar Pradesh:

  1. Moradabad Circle (Amroha and Sambhal districts) – A water supply project valued at ₹106.10 crore, covering the restoration and operational enhancement of defunct and partially operative rural water supply schemes.
  2. Lucknow Circle (Hardoi, Lakhimpur Kheri, Sitapur, and Lucknow districts) – A larger-scale initiative worth ₹342 crore, focusing on the development and long-term maintenance of water supply networks across multiple districts.

Both projects include a comprehensive scope of work, ranging from surveying and design preparation to procurement, construction, trial runs, and long-term operations and maintenance.

Strengthening Om Infra’s Position in the Infrastructure Sector

The latest project wins reaffirm Om Infra’s strategic focus on critical infrastructure development. The company’s Managing Director & CEO, Vikas Kothari, highlighted the significance of these contracts, stating:

“We are pleased to have secured these projects, which align with our strategic vision of expanding our footprint in infrastructure, including hydroelectric power, pumped storage, and water management. These projects further strengthen our order book and reaffirm our technical expertise in delivering large-scale, sustainable infrastructure solutions.”

Om Infra has played a pivotal role in national infrastructure development, with a portfolio spanning hydroelectric projects, water treatment plants, irrigation systems, and pumped storage projects. The company remains committed to contributing to India’s infrastructure growth, aligning with key government initiatives such as the Jal Jeevan Mission.

Potential Impact on Om Infra’s Growth Trajectory

The acquisition of these contracts is expected to enhance Om Infra’s revenue visibility and profitability, reinforcing its leadership in the water infrastructure space. With a strong technical foundation and project execution capabilities, the company continues to focus on delivering sustainable and impactful solutions.

Om Infra’s share price surged by 10% following the announcement as of 9:50 AM on March 6, 2025. 

Conclusion

Om Infra Ltd’s latest project wins highlight its growing role in India’s infrastructure landscape. As the company continues to execute large-scale projects, its focus on sustainability and innovation will likely drive further growth and expansion.

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.

5 Major Changes in TDS and TCS Rules from April 1: Know the Details

The Union Budget 2025 has introduced several important amendments to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations, effective from April 1, 2025. These changes are designed to reduce unnecessary complexities in tax deduction and collection, offering relief to common taxpayers, traders, and businesses.

The modifications primarily focus on raising deduction limits, easing foreign remittances, removing specific compliance burdens, and improving overall cash flow. Here are the 5 key changes you should be aware of.

1. Revised Limits for TDS Deduction

TDS is deducted when earning interest from banks, paying rent, or making large payments. The latest budget proposes to rationalise these limits to ensure cash flow remains smooth and unnecessary tax deductions are minimised.

This change will particularly benefit individuals who frequently face TDS deductions on smaller transactions, as the revised limits will help reduce compliance burdens.

2. Higher Threshold for Sending Money Abroad Without TCS

If you send money overseas for purposes such as education, family support, or travel, there is now a relief.

  • Previously, TCS was applicable on remittances exceeding ₹7 lakh.
  • This threshold has now been increased to ₹10 lakh, allowing individuals to send more money abroad without incurring additional tax burdens.
  • Additionally, if the funds are being sent through an education loan, no TCS will be levied, providing further relief to students and parents managing overseas education expenses.

3. TCS Exemption for Traders on Sales Above ₹50 Lakh

For businesses engaged in large-scale sales, a significant change has been introduced:

  • Until now, traders had to deduct 0.1% TCS on sales exceeding ₹50 lakh.
  • This requirement has now been completely abolished, effective 1st April 2025.
  • This move aims to enhance cash flow for businesses and ease tax compliance.

For traders dealing with high transaction volumes, this change will reduce financial burdens and improve operational efficiency.

4. No Higher TDS/TCS for Non-Filers of ITR

Previously, individuals who did not file their Income Tax Returns (ITR) were subject to higher TDS and TCS rates.

  • The Budget 2025 proposes to remove this provision, ensuring that those who miss filing returns will not be penalised with excessive deductions.
  • This will be particularly beneficial for small businesses and individuals who face cash flow issues but are otherwise compliant taxpayers.

This change simplifies tax compliance and removes unnecessary financial strain on those with genuine reasons for delayed filings.

5. No Criminal Charges for Delay in Depositing TCS

Under the previous tax regime, failure to deposit collected TCS on time could result in legal consequences, including imprisonment for up to seven years.

  • Budget 2025 modifies this rule, ensuring that if the pending TCS is deposited within the stipulated time, no criminal action will be taken.
  • This amendment removes the fear of harsh legal consequences for businesses dealing with cash flow issues.

By eliminating extreme penalties, this reform ensures that businesses have adequate time to comply without undue pressure.

Conclusion

The Budget 2025 brings substantial relief to common taxpayers, traders, and businesses by simplifying tax compliance and reducing financial burdens. Overall, these changes streamline taxation, enhance ease of doing business, and reduce compliance stress for taxpayers across various sectors.

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.

Tata Electronics, PSMC, and Himax Partners to Manufacture Display Semiconductors in India

Tata Group Company Tata Electronics has signed a memorandum of understanding (MoU) with Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) and Himax Technologies to manufacture display semiconductors and ultralow power AI sensing products in India. 

The agreement was announced at the IESA Vision Summit, where Tata Electronics CEO Randhir Thakur confirmed that the partnership includes setting up a display chip manufacturing unit in Dholera, Gujarat.

Semiconductor Manufacturing in Dholera

Under this agreement, Tata Electronics will manufacture display chips for Himax using PSMC’s technology. The plant in Gujarat will focus on producing display-related semiconductors for various applications, including televisions, mobile phone screens, camera image sensors, LEDs, and OLEDs.The project is part of Tata Electronics’ broader expansion into semiconductor manufacturing.

The company is also setting up a semiconductor fabrication plant in Gujarat with an investment of ₹91,000 crore, in collaboration with PSMC. The Indian government is providing 50% of the investment as part of its semiconductor manufacturing initiative. The plant will have a production capacity of 50,000 wafers per month, catering to sectors such as electric vehicles, telecom, and defense.

Additional Investments in Assam

In addition to the Dholera facility, Tata Electronics is setting up a testing and packaging (TSAT) plant in Assam with an investment of ₹27,000 crore. This facility aims to produce 48 million chips per day and support semiconductor packaging and testing operations.

PSMC and Himax’s Role

PSMC is the seventh-largest pure-play foundry in the world, operating four 12-inch fabs and two 8-inch fabs in Taiwan. It has an annual production capacity of 2.1 million 12-inch equivalent wafers.

Himax Technologies is a fabless semiconductor company specializing in display drivers and AI sensing solutions. The partnership will allow Himax to manufacture its display chips in India under Tata Electronics’ production capabilities.

India’s Display Semiconductor Expansion

As per the reports, the partnership aligns with India’s goal of expanding its semiconductor industry and building a domestic supply chain. Tata Electronics’ entry into display semiconductor manufacturing comes at a time when other companies, including Vedanta, have also proposed semiconductor projects in Gujarat. However, Vedanta’s planned display fabrication unit has not yet received government approval.

Conclusion

This agreement enables Tata Electronics, PSMC, and Himax to offer end-to-end semiconductor solutions, covering chip design, manufacturing, packaging, and electronics manufacturing 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.

Ajit Ratnakar Joshi Takes Over as RBI’s Executive Director, Effective March 3

The Reserve Bank of India (RBI) has appointed Dr. Ajit Ratnakar Joshi as its Executive Director (ED), effective March 3, 2025. The central bank announced the appointment on March 5, 2025.

Role and Responsibilities

In his new role, Dr. Joshi will oversee the Department of Statistics and Information Management (DSIM) and the Financial Stability Department. His responsibilities will include managing statistical data used for policy decisions and taking care of financial stability measures within the banking sector.

The Financial Stability Department monitors risks to the banking system and ensures financial resilience. The DSIM manages statistical analysis and provides data for monetary policy and regulatory decisions.

Previous Experience

Before his promotion, Dr. Joshi served as the Principal Adviser in the DSIM. He has over 30 years of experience in statistics, information technology, and cyber risk management. He has also been a faculty member at the Institute of Development and Research in Banking Technology (IDRBT), Hyderabad.

Additionally, he has contributed to multiple committees and working groups related to macroeconomic statistics and policy matters.

Educational Background

Dr. Joshi holds a master’s degree in statistics from Nagpur University and a Ph.D. in monetary economics from IIT Madras. He has also earned a diploma in Development Policy and Planning from the Institute of Economic Growth, Delhi. In addition, he is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB).

Additional Government Appointment

In a separate development, former RBI Governor Shaktikanta Das has been appointed as Prime Minister Narendra Modi’s Principal Secretary-2. This is the first time two officials will serve as principal secretaries to the prime minister simultaneously.

According to the Appointments Committee of the Cabinet (ACC), Das’s term will be co-terminus with the PM’s tenure or until further orders.

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.

Zydus Lifesciences Gets USFDA Approval for Generic Dasatinib Tablets

Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Dasatinib Tablets in multiple strengths: 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg. This is a generic version of Sprycel Tablets, which is used for treating Philadelphia chromosome-positive (Ph+) chronic myeloid leukemia (CML) and acute lymphoblastic leukemia (ALL).

Dasatinib Market in the US

According to IQVIA MAT January 2025 data, Dasatinib tablets had annual sales of $1.81 billion in the United States. The approval allows Zydus to enter this segment with its generic version, adding to its portfolio of 415 USFDA approvals. Since FY 2003-04, the company has filed 483 Abbreviated New Drug Applications (ANDAs).

Manufacturing and Distribution

The Dasatinib tablets will be manufactured at Zydus Lifesciences’ facility in Ahmedabad. The plant has been producing various pharmaceutical products for global markets and is part of the company’s USFDA-approved manufacturing network.

Financial Performance

In the third quarter of FY25, Zydus reported a 29.62% increase in net profit, reaching ₹1,023.5 crore, compared to ₹789.6 crore in the same quarter of the previous year. Revenue from operations grew by 16.96% YoY, standing at ₹5,269.1 crore. The company attributed this growth to strong sales in India and the US.

As of March 6, 11:23 AM, Zydus Lifesciences Ltd is trading at ₹905.80, up ₹18.35 (2.07%) for the day. However, the stock has declined 10.16% over the past month and 5.83% over the past year.

Additional Product Launch in India

Zydus has also introduced ANVIMO (Letermovir) in India, a drug aimed at preventing Cytomegalovirus (CMV) infections in transplant patients. The company claims it has reduced the cost of CMV treatment by 91%, making it more accessible.

Conclusion

Bringing it all together, the approval of generic Dasatinib adds another product to Zydus’ US portfolio, increasing its presence in the oncology segment.

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.

NFO Alert: Bandhan Mutual Fund Launches CRISIL-IBX Financial Services 3-6 Months Debt Index Fund

Bandhan Mutual Fund has launched the Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended Constant Maturity Index Fund. The fund tracks the CRISIL-IBX Financial Services 3-6 Months Debt Index, which consists of debt securities with maturities between three to six months.

NFO Details

The New Fund Offer (NFO) details are as follows:

  • Opening Date: March 6, 2025
  • Closing Date: March 11, 2025
  • Fund Category: Debt – Ultra Short Duration
  • Fund Type: Open-ended
  • Minimum Investment: ₹1,000 (multiples of ₹1 thereafter)
  • Exit Load: Nil
  • Lock-in Period: Not applicable
  • Risk Level: Low to Moderate
  • Benchmark: CRISIL-IBX Financial Services 3-6 Months Debt Index

The scheme is managed by Brijesh Shah and Harshal Joshi. The Registrar & Transfer Agent for the fund is Computer Age Management Services Ltd (CAMS).

Investment Objective

The fund aims to generate returns that correspond to the total returns of the CRISIL-IBX Financial Services 3-6 Months Debt Index, subject to tracking errors. It primarily invests in financial services sector debt instruments within the specified maturity range.

Investment Strategy

The scheme follows a passive investment approach, holding a portfolio that replicates the CRISIL-IBX Financial Services 3-6 Months Debt Index. The securities in the fund have a short maturity period, which helps in reducing interest rate risk.

There is no entry load or exit load applicable for this fund. Investors can enter or exit the scheme without additional charges.

Conclusion

All in all, the fund is structured as an ultra-short-term debt exposure with relatively lower risk. The subscription window for this NFO closes on March 11, 2025.

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

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. 

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

ICICI Prudential Nifty Top 15 Equal Weight Index Fund Filed Draft With SEBI

ICICI Prudential Mutual Fund has filed a draft for the ICICI Prudential Nifty Top 15 Equal Weight Index Fund, an open-ended index scheme. The fund aims to track the Nifty Top 15 Equal Weight Index, which consists of 15 stocks from the Nifty 50 index, each given equal weight.

Fund Structure 

The fund will invest at least 95% of its assets in stocks that are part of the Nifty Top 15 Equal Weight Index. Up to 5% may be allocated to money market instruments, including TREPs (Tri-Party Repos) and debt schemes. The fund follows a passive investment strategy, meaning it will mirror the composition of the index rather than actively selecting stocks.

Benchmark and Liquidity

The scheme will use the Nifty Top 15 Equal Weight TRI (Total Return Index) as its benchmark. Since it is an open-ended scheme, units will be available for purchase and redemption on all business days at NAV-based prices. The redemption proceeds must be dispatched within three business days, as per SEBI regulations. 

A penal interest of 15% per annum applies if redemptions are delayed.

Minimum Investment

  • During NFO: ₹100 minimum investment, with additional investments in multiples of ₹1.
  • Ongoing Offer: ₹100 minimum investment for lump sums and SIPs.
  • Exit Load: None.

Plans and Options

The scheme will have:

  • Direct Plan (for investors who invest without distributors).
  • Regular Plan (for investments routed through intermediaries).
  • Growth and IDCW (Income Distribution cum Capital Withdrawal) options under both plans.

Conclusion

The riskometer places this fund in the high-risk category. There are no guarantees of returns, and actual performance depends on market conditions and tracking error.

Further details, including fund manager information and specific dates for the New Fund Offer (NFO), are expected after regulatory approvals.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

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. 

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

ICICI Prudential Nifty200 Quality 30 Index Fund Filed Draft

ICICI Prudential Mutual Fund has filed a draft for the ICICI Prudential Nifty200 Quality 30 Index Fund, an open-ended index fund that will track the Nifty200 Quality 30 Index. The scheme aims to mirror the index’s returns by investing in the stocks that make up the index, maintaining the same weightage, and following a passive investment approach.

Investment Strategy

The fund will invest 95-100% of its assets in equity and equity-related securities from the Nifty200 Quality 30 Index. The remaining 0-5% will be in money market instruments, including TREPs (Tri-Party Repos) and units of debt schemes. The benchmark for this scheme is the Nifty200 Quality 30 TRI (Total Return Index).

The index consists of 30 stocks from the Nifty200, selected based on:

  1. Return on Equity (ROE)
  2. Earnings growth stability
  3. Low financial leverage (Debt-to-Equity ratio)

The index is reviewed periodically, and stocks are added or removed based on these factors.

Fund Structure

  • Category: Index Fund
  • Investment Objective: To replicate the performance of the Nifty200 Quality 30 Index, subject to tracking error
  • Fund Managers: Nishit Patel and Ashwini Shinde
  • Liquidity: Open-ended structure with daily purchases and redemptions
  • Exit Load: NIL
  • Plans: Direct and Regular
  • Plan Options: Growth, IDCW(IDCW Payout & IDCW Reinvestment)

Minimum Investment

  • New Fund Offer (NFO) Minimum Investment: ₹1,000 (plus multiples of ₹1)
  • Additional Purchase: ₹1,000 and above
  • Switch-in Minimum Amount: ₹1,000

Focus on Semi-Urban Reach

The fund aims to expand into semi-urban and smaller cities (B30 cities). SEBI regulations allow mutual funds to charge additional expenses for attracting retail investors from these regions, subject to conditions. The  AMC  will calculate and disclose the first  NAV within 5 business days from the date of allotment. Subsequently,   the NAV will be calculated and disclosed at the close of every Business Day.

Conclusion

Since this is a new fund, performance will depend on how closely the scheme tracks its underlying index.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

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. 

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

RPP Infra Secures Water Supply Contract in Chennai Worth ₹81 Crore

RPP Infra Projects Limited, established in 1995, is an Indian company specialising in infrastructure development across various sectors, including roads, buildings, industrial structures, power, irrigation, and water management. 

Contract Details

RPP Infra has secured a Letter of Acceptance (LoA) for a substantial contract valued at ₹80.98 crore (inclusive of GST) from the Chennai Metropolitan Water Supply and Sewerage Board. The project, awarded under the Vada Chennai Valarchi Thittam initiative in Tamil Nadu, aims to enhance the region’s water supply infrastructure. 

The scope of work encompasses the construction of underground water storage tanks, the establishment of water distribution stations, the installation of feeder mains, and the replacement of ageing PVC water mains. Additionally, it includes the reinforcement of existing water infrastructure across multiple depots within Areas IV and V.

Scope of the Project

According to the company’s stock exchange filing, “RPP Infra Projects Ltd. has received a Letter of Acceptance for a new project focusing on the enhancement of water supply through the construction of underground tanks, water distribution stations, and the laying of feeder mains in Areas I and V. 

The contract also involves the replacement of obsolete PVC water mains, the renewal of checked-up pipelines, and the strengthening of various water mains in multiple depots across Areas IV and V under the Vada Chennai Valarchi Thittam in Tamil Nadu.”

Deadline of the Project

The contract encompasses stormwater drainage works within the Kovalam Basin (Package 16), financed through the KfW Fund, benefiting several streets in Zone 15 of the Greater Chennai Corporation. The project is slated for completion within 12 months.

This strategic contract underscores RPP Infra Projects’ expertise in delivering high-impact infrastructure solutions, reinforcing its commitment to sustainable urban development in India.

Share Price Performance 

At 9:37 AM on March 6, 2025, RPP Infra Projects Ltd shares hit 5% upper circuit and were trading at ₹138.09 per share on the NSE.

Conclusion

This project reinforces RPP Infra’s expertise in infrastructure development, contributing to sustainable urban growth in Chennai by enhancing water supply and drainage systems.

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.

Wipro Launches TelcoAI360 to Transform Operations for Telcos By Leveraging AI

A well-known multinational company in India, Wipro Ltd. offers BPO, consulting, and IT services. Wipro is a leading IT company in India with its headquarters located in Bengaluru. It competes with TCS, Infosys, and HCL Technologies.

Wipro Launched TelcoAI360

Wipro has unveiled TelcoAI360, an AI-first Managed Services platform designed to revolutionise telecom operations, empowering telcos to deploy cutting-edge technology solutions at unparalleled scale and speed while dramatically enhancing customer experience at a fraction of the cost.

Seamlessly integrating Wipro’s domain expertise with state-of-the-art AI-driven tools, TelcoAI360 enables Communication Service Providers (CSPs) to slash operational costs, optimise workflows through intelligent automation, and orchestrate resources with unrivalled efficiency. 

This groundbreaking platform accelerates time-to-market for new offerings, amplifying revenue potential. Recognising the unique challenges of telecom operators, TelcoAI360 will be delivered as an ‘as-a-Service’ model with composable, customisable components, ensuring seamless deployment tailored to each CSP’s needs.

TelcoAI360 Offers

Developed in collaboration with Wipro’s AI partner ecosystem and leveraging ServiceNow’s Telecommunications industry solutions suite, TelcoAI360 offers:

An AI-powered framework seamlessly integrates diverse telecom technologies, enhancing market expansion while optimising network performance through automation, real-time monitoring, and predictive maintenance. 

It fortifies security with real-time threat detection and fraud prevention, ensuring data resilience. Bespoke customer portals provide an intuitive experience with real-time insights, while standardised APIs enable seamless integration and regulatory compliance.

Effortless interoperability across multi-cloud environments allows telcos to scale dynamically based on real-time demand.

Share Price Performance 

At 9:34 AM on March 6, 2025, Wipro Ltd shares traded 0.26% up at ₹285.85 on the NSE.

Conclusion

TelcoAI360 gives Communication Service Providers access to an AI-driven, future-ready framework that boosts productivity, lowers expenses, and spurs innovation. By offering a flexible ‘as-a-Service’ model with customisable components, it ensures seamless integration and adaptability to evolving telecom demands.

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.