Mahindra Group and Anduril Industries Join Forces for Maritime Innovation

Mahindra Group has teamed up with Anduril Industries, a US-based firm specialising in autonomous systems, to enhance maritime and aerial security. The collaboration focuses on AI-driven Autonomous Maritime Systems, Counter-Unmanned Aerial System (CUAS) technologies, and advanced Command and Control (C2) software to strengthen regional defence capabilities.

Advancing Autonomous Defence Technologies

The partnership will develop modular Autonomous Underwater Vehicles (AUVs) designed for security, surveillance, and reconnaissance missions. These AUVs will significantly enhance underwater operational efficiency. Additionally, CUAS technologies will be developed to detect and neutralise aerial threats posed by drones, ensuring robust protection against evolving security challenges.

Smart Sensor Integration for Security

A key aspect of the collaboration is the creation of a sensor fusion platform that integrates multiple sensor technologies into an open API architecture. This approach will streamline integration processes and accelerate the deployment of advanced security solutions.

Vinod Sahay, Group Executive Board Member of Mahindra Group said, “Partnering with Anduril Industries marks a significant milestone in Mahindra Group’s commitment to developing advanced security and autonomous technologies. This collaboration combines our deep engineering expertise with Anduril’s innovative solutions to deliver cutting-edge capabilities that enhance security and address emerging threats.”

Greg Kausner, Senior Vice President of Global Defence at Anduril, stated “Global security forces face a rapidly evolving set of threats from both emerging unmanned systems and legacy manned platforms, and Autonomy is key to maintaining credible protection. Anduril is thrilled to announce our partnership with Mahindra. We believe that our two companies are well poised to bring cutting-edge autonomy-enabled capabilities to the Indian market.”

M&M Share Performance

As of February 20, 2025, at 11:55 AM, the shares of M&M are trading at ₹2,827.25 per share, reflecting a surge of 2.53% from the previous day’s closing price.

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.

ICICI Prudential Files for CRISIL-IBX Financial Services 9-12 Months Debt Index Fund

ICICI Prudential Mutual Fund has filed a draft offer document with SEBI for an open-ended target duration index fund. The ICICI Prudential CRISIL-IBX Financial Services 9-12 Months Debt Index Fund aims to track the CRISIL-IBX Financial Services 9-12 Months Debt Index, subject to tracking errors.

The fund is designed for investors looking for short-term regular income with relatively low interest rates and credit risk. The scheme does not guarantee returns.

Offer Price 

The New Fund Offer (NFO) price is set at ₹10 per unit. The scheme offers two investment options:

  • Growth Option
  • Income Distribution Cum Capital Withdrawal (IDCW) Option

The minimum application amount is ₹1,000, with additional investments allowed in multiples of ₹1. The scheme seeks to collect a minimum target amount of ₹10 crore.

Benchmark 

The scheme will be benchmarked against the CRISIL-IBX Financial Services 9-12 Months Debt Index, which consists of debt securities from the financial services sector with a duration of 9 to 12 months.

The scheme has no entry or exit load. Investors can enter and exit the fund without additional charges.

Liquidity and Redemption

Since it is an open-ended scheme, it will allow purchases and redemptions on all business days. Redemption proceeds will be dispatched within three business days from the request date.

ICICI Prudential’s filing is part of a broader trend of fund houses introducing debt index funds with specific target durations.

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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.

Waaree Energies Bags 362.5 MWp Solar Module Order

Waaree Energies has secured an order to supply 362.5 megawatt peak (MWp) of solar photovoltaic (PV) modules to a domestic company engaged in renewable power projects. The order was announced in a regulatory filing on Wednesday, though the name of the company placing the order has not been disclosed.

This is a one-time contract, and the supply of modules is scheduled to begin in fiscal 2025-26. The company confirmed that the transaction does not involve any related-party dealings, and there is no involvement from its promoters or group companies.

Manufacturing and Projects

Earlier this month, Waaree Energies began operations at its 1.40 GW solar cell manufacturing facility in Gujarat. The company has been increasing production capacity to meet the rising demand for solar modules.

In another development, Waaree Clean Energy Solutions, a wholly owned subsidiary, received a Notification of Award (NOA) from the Solar Energy Corporation of India (SECI) for setting up a 90,000 MT per annum green hydrogen production facility. This project falls under the Strategic Interventions for Green Hydrogen Transitions (SIGHT) Scheme.

Financial Performance

Waaree Energies reported a four-fold increase in net profit for the December quarter, reaching ₹492.7 crore, compared to ₹124.5 crore in the same period last year. Revenue for the quarter rose 116% year-on-year to ₹3,457.28 crore, up from ₹1,596.18 crore.

Following the announcement of the new order, Waaree Energies’ share price was at ₹2,225.00 at 9:08 AM on February 20, 2025, up ₹4.70 (0.21%) in early trade but has declined 15.55% over the past month and 4.87% over the past year.

Solar Power Growth in India

India has been increasing its focus on renewable energy, particularly solar power. Large-scale projects and manufacturing expansions have been a priority as the country works toward reducing dependence on fossil fuels. The order adds to the demand for solar modules in the Indian market.

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.

Bajaj Allianz Life Introduces Pension Plan with 30-Year Deferment Option

Bajaj Allianz Life Insurance has launched a new annuity plan, Bajaj Allianz Life Guaranteed Pension Goal II, to offer flexible retirement planning options.  Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. One of the features of this plan is its industry-first 30-year deferment option, allowing individuals as young as 35 to start.

Addressing the Need for Retirement Planning

With increasing life expectancy, people today may spend 20 to 30 years in retirement without a steady income. Unlike retirees in countries with strong social security systems, most Indians rely on personal savings and insurance plans for post-retirement income. 

The plan includes special benefits for National Pension System (NPS) subscribers, such as a Family Pension option that helps make sure that financial support continues for dependents, including spouses and parents.

Annuity Options 

The plan provides multiple annuity payout options, including:

  • Life annuity – Provides income for as long as the policyholder lives.
  • Joint life annuity – Extends coverage to a spouse.
  • Return of purchase price (ROP) option – Offers a payout of 50% to 100% of the initial investment amount to the nominee.

The 30-year deferment option allows individuals to choose when to start receiving their annuity, making early retirement planning more flexible.

Trends in Retirement Planning

According to a Bajaj Allianz Life study, 77% of Indians prefer life insurance as a financial tool for a secure retirement. The survey also highlighted growing awareness about early retirement planning, especially among young professionals.

Bajaj Allianz Life Guaranteed Pension Goal II is a non-linked, non-participating immediate and deferred annuity plan aimed at providing structured income post-retirement. 

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.

Nava Ltd Board Approves Share Buyback Worth ₹360 Crore

Nava Ltd has approved a share buyback of ₹360 crore, with the company set to repurchase 72 lakh fully paid-up equity shares at ₹500 per share. The buyback represents 2.48% of the company’s total paid-up equity capital. It also accounts for 9.87% of the total paid-up equity share capital and 5.78% of free reserves, based on financials for the year ending March 31, 2024.

Record Date and Eligibility

The company has set February 28, 2025, as the record date to determine eligible shareholders. Promoters and members of the promoter group will not participate in the buyback.

Execution and Management

Anand Rathi Advisors Ltd, a SEBI-registered merchant banker, has been appointed as the manager for the buyback. The final number of shares and percentage of capital repurchased will be confirmed after the process is completed.

A Buyback Committee has been formed to look into the whole process, and the Board has the discretion to increase the buyback price while reducing the number of shares to be repurchased, provided that the total buyback amount remains unchanged.

A public announcement and letter of offer outlining the buyback process and timelines will be released in accordance with regulatory requirements.

Financial Performance

Nava Ltd reported a 24% year-on-year (YoY) decline in profit after tax (PAT) for Q3 FY25, with PAT falling to ₹353.3 crore from ₹465 crore in the same quarter of the previous year. Revenue declined 11.7% YoY, dropping from ₹995 crore to ₹878.1 crore.

Following the buyback announcement, as of February 20, 9:27 AM, Nava Ltd is trading at ₹419.75, down ₹3.50 (0.83%) for the day. Over the past month, the stock has declined 3.89%, but it remains up 62.16% over the past year.

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.

HDFC Mutual Fund Announces Income Distribution for Select Schemes

HDFC Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for a few of its schemes. The record date for eligibility is February 20, 2025. Investors holding units of these funds as of this date will receive the distribution.

Income Distribution 

The declared distribution per unit for each scheme is as follows:

Understanding IDCW

Under the IDCW option, mutual funds distribute a portion of their profits to investors rather than reinvesting them. This payout is not an additional return but comes from the fund’s net asset value (NAV), which reduces accordingly.

IDCW payouts are taxable in the hands of investors, depending on their income tax slab. Unlike capital appreciation, which benefits from indexation in some cases, IDCW earnings are taxed as regular income.

Record Date and Implications

The record date is the cutoff for determining investor eligibility. Anyone holding units in these funds at the end of February 20, 2025, will receive the distribution. If units are bought after this date, the investor will not be eligible for the payout.

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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.

Income Distribution Announced for Two Equity Schemes by Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for two of its equity schemes. Investors holding units under the IDCW option of these schemes as of the record date, February 21, 2025, will be eligible for the announced payout.

Payout Details for Investors

The distribution per unit varies based on the scheme and its investment plan. Under Franklin India Flexi Cap Fund, unitholders in the Direct-IDCW plan will receive ₹5.0 per unit, while those in the regular IDCW option will get ₹4.0 per unit. Similarly, for Franklin India Smaller Companies Fund, the income distribution is set at ₹5.0 per unit for the Direct-IDCW plan and ₹4.0 per unit for the regular IDCW option.

Scheme Distribution (₹/unit)
Franklin India Flexi Cap Direct-IDCW 5.0
Franklin India Flexi Cap-IDCW 4.0
Franklin India Smaller Companies Direct-IDCW 5.0
Franklin India Smaller Companies-IDCW 4.0

Understanding IDCW in Mutual Funds

The Income Distribution cum Capital Withdrawal (IDCW) option allows investors to receive periodic payouts from mutual fund schemes. These payouts primarily come from the profits earned by the fund and may include portions of capital gains. 

However, investors should be mindful that IDCW is subject to dividend distribution tax (DDT) and may impact long-term wealth creation.

About the Two Franklin Templeton Schemes

Franklin India Flexi Cap Fund is an open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks. Whereas, Franklin India Smaller Companies Fund, on the other hand, focuses on high-growth potential small-cap stocks, making it a riskier but rewarding option for investors with a higher risk appetite.

Takeaways for Investors

With February 21, 2025, as the record date, investors should check their holdings under the IDCW option to ensure eligibility for the payout. 

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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.

UTI India Mutual Fund Declares ₹0.90 per Unit Income Distribution Under Aggressive Hybrid Fund

UTI Mutual Fund has announced an income distribution of ₹0.90 per unit under the IDCW option (both regular and direct plans) of its UTI Aggressive Hybrid Fund. Investors should note that the record date for this payout is February 20, 2025.

Investment Approach

The UTI Aggressive Hybrid Fund follows a dual-investment strategy, aiming for long-term capital appreciation while maintaining a steady income stream. It primarily invests in equities across market capitalisations while also allocating a portion to debt and money market instruments. 

The Fund

For those considering investing, here are the essential details:

  • Minimum Investment: ₹1,000
  • Minimum Additional Investment: ₹1,000
  • Minimum SIP Investment: ₹500
  • Exit Load: 1% on redemption of units exceeding 10% of the investment within 365 days
  • Lock-in Period: None

Performance

Launched on January 1, 2013, the UTI Aggressive Hybrid Fund has delivered a return of 13.30% since inception. It tracks the CRISIL Hybrid 35+65 Aggressive Index and is categorised as a very high-risk investment. The fund’s total assets under management (AUM) stand at ₹5,956 crore as of January 31, 2025.

Despite its below-average risk grade, the fund has maintained an above-average return grade, making it an option for investors with a higher risk appetite. 

The expense ratio is 1.23% (as of January 31, 2025).

Other Details 

The UTI Aggressive Hybrid Fund is managed by V. Srivatsa, and KFin Technologies Ltd. serves as the Registrar & Transfer Agent. The fund’s open-ended structure provides investors with the flexibility to enter and exit without a lock-in period.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

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.

Thomas Cook India signs MoU with Korea Tourism Organisation

Thomas Cook Partners With KTO

Thomas Cook (India) and its group company SOTC Travel have entered a strategic 24-month partnership with the Korea Tourism Organisation (KTO) to enhance Korea’s visibility in the Indian market. This exclusive collaboration focuses on Special Projects aimed at fostering year-round awareness and increasing interest among Indian travellers. 

The partnership encompasses knowledge exchange, best practices, and the development of innovative travel products tailored to Indian preferences, strengthening Korea’s presence in the leisure, business, and MICE (Meetings, Incentives, Conferences, and Exhibitions) sectors.

Korea’s Growing Appeal for Indian Travellers

Korea offers an enriching experience for Indian tourists, blending luxury, culture, wellness, and diverse cuisine. The global influence of the Hallyu wave, driven by K-pop, K-drama, and the K-beauty industry, has significantly boosted Korea’s appeal. Additionally, Hansik, Korea’s traditional cuisine known for its bold flavours and healthy ingredients, enhances its attractiveness as a culinary destination. 

While Seoul and Busan remain popular, regions like Jeju Island, Gangwon Province, and Jeollanam-do provide immersive wellness and relaxation experiences, featuring world-class spas and wellness centres. These elements position Korea as a premier destination for India’s affluent and wellness-conscious travellers, promoting long-term tourism growth.

Thomas Cook Share Performance

As of February 20, 2025, at 10:05 AM, the shares of Thomas Cook are trading at ₹127.10 per share, reflecting a surge of 6.38% from the previous day’s closing price. Over the past month, the stock has registered a loss of 23.33%. The stock’s 52-week high stands at ₹264.00 per share and its low is ₹118.25 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.

63 Moons Share Price Hits Upper Circuit; Here’s Why

Shares of 63 Moons Technologies Limited hit the upper circuit following a significant announcement from the company’s board. The board approved its participation in the One-Time Settlement (OTS) Scheme proposed by the NSEL Investors Forum (NIF). This move is expected to address long-standing legal disputes and provide a structured approach to settlements.

Key Highlights of the Decision

In a regulatory filing dated February 18, 2025, 63 Moons Technologies disclosed that its board has agreed to support the Scheme of Arrangement between NSEL and Traders. This scheme will be filed before the National Company Law Tribunal (NCLT), Mumbai, which has been identified as the appropriate forum for addressing the settlement process.

The key aspects of this participation include:

  • Closure of legal proceedings against the company as per the scheme’s provisions.
  • Assignment of all claims and rights of NSEL traders to 63 Moons, enabling it to pursue recoveries from defaulters through decrees, liquidation of attached assets, or other means.

Key Aspects of the One-Time Settlement (OTS)

The approved ₹1,950 crore OTS is structured to address unpaid claims and bring financial closure to longstanding issues. The key elements include:

  1. Closure of Specific Legal Cases
    • The settlement will result in the withdrawal of legal proceedings against 63 Moons Technologies and other related entities.
  2. Recovery of Dues from Defaulters
    • The company will be assigned the rights and claims of the NSEL traders, allowing it to pursue recoveries from defaulters.
    • The process may involve legal decrees, liquidation of attached assets, or other judicial means to ensure the collection of pending dues.

Why Does This Matter?

The approval of this scheme could mark a turning point for 63 Moons, as it aims to resolve outstanding legal battles that have weighed on the company for years.

As of 3:09 PM on February 19, 2025, shares of 63 Moons Technologies are trading at ₹646.55.

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.