Uno Minda, Inovance Automotive Set Up JV for High-Voltage EV Powertrains

Shares of Uno Minda rose 2% to ₹909 in early trade on February 18, reversing a three-day losing streak. The increase followed the company’s announcement of a joint venture with Suzhou Inovance Automotive Co. Ltd and its subsidiary, Inovance Automotive (HK) Investment Co. Ltd. 

The stock had declined over 8% in the past week and 17% in the last month.

Details of the Joint Venture

Uno Minda Auto Innovations Private, a wholly owned subsidiary of Uno Minda, will be converted into a joint venture. Inovance Automotive (HK) Investment Co. will acquire a 30% stake, while Uno Minda will hold the remaining 70%. 

The venture will focus on manufacturing high-voltage EV powertrain components, including combined charging units, E-axles, inverters, and motors.

Manufacturing and Governance

The joint venture will operate in India, with products sold under both Uno Minda and Inovance Automotive brands. It will have an eight-member board, five appointed by Uno Minda, including the chairman, and three by Inovance Automotive. Governance provisions include share transfer restrictions, board representation rights, and regulations related to capital structure changes.

Previous Agreement 

Uno Minda had previously signed a technical license agreement with Inovance Automotive in June 2024. The new joint venture builds on that arrangement, expanding collaboration between the companies in the EV powertrain segment.

Financial Performance

Uno Minda reported a 20% increase in net profit year-on-year, reaching ₹157 crore from ₹131 crore. Revenue also rose 20% to ₹3,136 crore, compared to ₹2,611 crore in the same quarter last year. EBITDA stood at ₹301 crore, with margins declining slightly to 9.6% from 10.2% in the previous year.

At 9:40 am, Uno Minda’s stock was trading at ₹900, up 1.2% from the last close on the NSE.

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.

KIMS to Manage UAIMS Hospital in Sangli Under 7-Year Agreement

Krishna Institute of Medical Sciences Ltd (KIMS) has entered into an operations and management agreement with Ushahkal Abhinav Institute of Medical Sciences (UAIMS) Hospital in Sangli, Maharashtra. The agreement is for an initial period of seven years, with an option to extend it by another three years. 

KIMS will handle the hospital’s management and service operations while retaining exclusive rights over its medical services.

Expansion Plans

UAIMS Hospital, established in 2022, is a quaternary care facility with 316 beds. It has plans to expand beyond 500 beds in the future. The hospital is equipped with CT and MRI facilities, 15 operation theatres, and a mother and child care unit occupying an entire floor. UAIMS has over 100 critical care beds.

As per the filling, a daycare oncology centre is also under development near the hospital. It is expected to be completed and become operational in 2025.

Financial Terms and Rights

As per the agreement, KIMS will receive 9% of UAIMS Hospital’s net revenue. KIMS and its affiliates will also have the first right of refusal (ROFR) to acquire profit-sharing interests from existing partners during the contract period. Additionally, KIMS has a call option to acquire a majority profit share in UAIMS at its discretion.

KIMS’ in Maharashtra

KIMS has been expanding its presence in Maharashtra in recent years. It acquired Kingsway Hospital in Nagpur in 2022 and started operations at its Nashik hospital in 2024. It has also announced a new 300-bed multi-specialty hospital in Thane, which is to begin operations in the next financial year.

Market Impact

On February 18, 2025, shares of Krishna Institute of Medical Sciences Ltd traded at ₹549.00, down ₹12.25 (2.18%) at 12:47 PM. The stock has declined 11.89% over the past month but remains up 23.11% 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.

Biocon Biologics Secures EC Approval For YESINTEK, Expanding Its European Markets Reach

Biocon Biologics Ltd (BBL), a part of Biocon Ltd, has received marketing approval from the European Commission (EC) for its Ustekinumab biosimilar, YESINTEK. in Europe. This approval enables Biocon to distribute the drug across the European Union (EU), offering an alternative treatment for various inflammatory diseases.

YESINTEK: A New Treatment Option

YESINTEK is a medicine for adults and children with plaque psoriasis and for adults with psoriatic arthritis and Crohn’s disease. Tests have shown that it works just as well and is as safe as the original Ustekinumab drug, making it a good option for patients.

Strengthening Biocon’s Global Position

This milestone reinforces Biocon Biologics’ commitment to providing affordable and high-quality biosimilars worldwide. The company continues to expand its global footprint, leveraging its expertise in biosimilars to improve healthcare accessibility and offer cost-effective treatment options to patients in need.

About Biocon Biologics

Biocon Biologics Ltd is a global company specialising in biosimilars, offering affordable and high-quality medicines for various diseases. As a subsidiary of Biocon Ltd, it focuses on developing and supplying innovative treatments worldwide, improving healthcare access for patients.

Share Performance 

As of February 18, 2025, at 11:10 AM, the shares of Biocon are trading at ₹336.65 per share, down 3.14% from yesterday’s closing price. Over the last month, the stock has declined by 16.16% and over the last year it has fallen by 8.80%. The stock’s 52-week high is ₹404.70 and its low is ₹244.55.

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.

Deepak Fertilisers Increases Stake in Australian Subsidiary Platinum Blasting Services

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has strengthened its presence in the Australian mining solutions market. On 17 February 2025, its wholly-owned subsidiary, Deepak Mining Solutions Ltd (DMSL), increased its stake in Platinum Blasting Services Pty Ltd from 65% to 85%.

Strategic Investment for Expansion

The transaction, valued at AUD 11.78 million (₹64.1 crore), involved acquiring shares from existing stakeholders. Platinum Blasting Services, a profitable and dividend-paying entity, plays a key role in providing end-to-end mining solutions. This acquisition aligns with DMSL’s long-term strategy of evolving from a commodity-driven model to a full-fledged mining solutions provider.

Valuation and Regulatory Approval

The share purchase was executed based on an earnings multiple valuation, as per guidance from a Big 4 accounting firm in Australia. The deal received formal approval from Platinum Blasting Services Pty Ltd on 17 February 2025 at 1:33 p.m., as confirmed in a stock exchange filing.

Deepak Fertiliser Share Performance

As of February 18, 2025, at 12:55 PM, the shares of Deepak Fertiliser are trading at ₹948.00 per share, down 3.73% from yesterday’s closing price. Over the last month, the stock has declined by 19.30% and over the last year it has surged by 92%. The stock’s 52-week high is ₹1,443.10 and its low is ₹450.00.

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.

Lloyd Metals and Energy Acquire 79.82% Stake in Thriveni Earthmovers

LMEL, a prominent player in the metals and energy sector, has completed a major acquisition by securing a substantial stake in TEIL. This action supports LMEL’s strategic goals for development and broader market reach.

Acquisition Approval

Lloyds Metals and Energy Limited (LMEL) has decided to acquire a majority stake in Thriveni Earthmovers and Infra Private Limited (TEIL). The company will subscribe to 70 crore equity shares, representing 79.82% of TEIL’s total share capital for an investment of ₹70 crore. This step aligns with its growth strategy and expansion plans.  

Company’s Next Steps

With this acquisition, LMEL is set to expand its operations and enhance its capabilities. The strategic move is expected to create synergies, drive growth and contribute to long-term business success. The company remains committed to its vision and industry leadership.  

About the company

Lloyds Metals and Energy Limited (LMEL) is a growing player in the metals and energy sector, focused on expansion, efficiency and transparency. Through strategic investments, the company aims to strengthen its market position and drive long-term growth. 

Share Performance 

As of February 18, 2025, at 12:35 PM, with a market capitalisation of ₹577.19 billion, the shares of LMEL are trading at ₹1,107 per share, down 2.01% from the previous day’s closing price. Over the past month, the stock has registered a loss of 20.71%. The stock’s 52-week high stands at ₹1,478 per share, while its 52-week low is ₹531 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.

DCX Systems Secures Major Purchase Orders Worth ₹24.51 Crores

DCX Systems Limited has recently announced the receipt of multiple domestic and export purchase orders, cumulatively valued at approximately ₹24.51 crores. These orders are part of the company’s routine business operations and signify its growing presence in the defence and aerospace sectors.

Significant Contracts from Defence Giants

The latest orders highlight DCX Systems’ strong business relationships with leading defence and aerospace organisations. Notably, Bharat Electronics Limited (BEL), a premier Indian defence PSU, has placed an order worth ₹9.33 crores for cable and wire harness assemblies. 

Additionally, major international clients, including Rafael Advanced Defence Systems (Israel) and Elbit Systems Ltd (Israel), have collectively contributed to orders exceeding ₹9 crores.

Strengthening Market Position

The procurement of these orders not only reinforces DCX Systems’ credibility in the market but also reflects its capabilities to cater to both domestic and global defence needs. Other key clients such as Alpha-Elsec Defence & Aerospace Systems Pvt. Ltd. and India Optel Limited have also placed significant orders, further bolstering the company’s financial prospects and industry reputation.

DCX Systems Share Performance

As of February 18, 2025, at 2:12 PM, the shares of DCX Systems are trading at ₹242.80 per share, down 3.34% from yesterday’s closing price. Over the last month, the stock has declined by 33.68% and over the last year it has declined by 27.62%. The stock’s 52-week high is ₹451.90 and its low is ₹235.30.

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

SBI Mutual Fund Launches ‘JanNivesh SIP’ to Promote Micro-Investing

A Vision for Financial Inclusion

SBI Mutual Fund, in collaboration with SBI Bank, has introduced the ‘JanNivesh SIP’ scheme, allowing investments as low as ₹250 per month. SEBI Chairperson Madhabi Puri Buch described this initiative as a long-held aspiration, aimed at bringing wealth-creation opportunities to millions of Indian households. This micro-SIP initiative addresses a key challenge in the industry—ensuring that small investments remain economically viable.

Previously, financial institutions had introduced SIPs with amounts as low as ₹100 and ₹500, but high operational costs hindered their widespread adoption. To counter this, SBI Bank has waived transaction charges for micro-SIPs, ensuring that every rupee invested contributes directly to wealth accumulation. Buch emphasised that the entire mutual fund ecosystem—including RTAs, KRAs, and depositories—collaborated to make this model sustainable, with a break-even period of two to three years ensuring its economic feasibility.

Leveraging Technology for Mass Adoption

Technology has played a critical role in making low-ticket investments viable. Buch highlighted how India’s financial ecosystem has leveraged technology to achieve the necessary scale, making these investments profitable. She also noted that initiatives like JanNivesh SIP would help bridge the wealth gap between urban and rural India, ensuring financial inclusion for all.

Initially, JanNivesh SIP will be available exclusively for the SBI Balanced Advantage Fund. Investors can access the scheme through digital platforms such as SBI YONO, Paytm. 

Paytm founder Vijay Shekhar Sharma expressed excitement about the launch, revealing that 550 registrations had already been recorded on their platform during the event. Paytm also aims to extend this opportunity to its merchant partners, enabling them to start their investment journey and build long-term financial security.

Conclusion

The JanNivesh SIP initiative marks a significant step towards making investment accessible to all, reinforcing India’s commitment to financial inclusion, with strong institutional support and the elimination of transaction charges.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start 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 are subject to market risks, read all scheme related documents carefully.

Bharat Forge Defence Subsidiary Unveiled MArG 45, Cal Mounted Gun System

A wholly-owned defence subsidiary of Bharat Forge, Kalyani Strategic Systems Limited (KSSL), has unveiled its latest innovation, the MArG 155mm/45 Cal Mounted Gun System at IDEX 2025, held in Abu Dhabi. This launch marks a significant step in advancing artillery technology, reinforcing India’s commitment to self-reliance in defence manufacturing.

A Technological Milestone in Mobile Artillery

The MArG 155mm/45 Cal, mounted on a 4×4 high-mobility vehicle (HMV), is engineered to provide unmatched mobility, firepower, and range. Designed for rapid deployment, the system features advanced shoot-and-scoot capabilities, allowing for superior manoeuvrability in various combat environments.

During the launch event, the system was inaugurated by H.E. Shri Sunjay Sudhir, Ambassador of India to the UAE, symbolising India’s growing prominence in the global defence sector.

Features and Capabilities

The MArG 45 integrates cutting-edge firepower with mobility, making it a strategic asset for modern warfare. Some of its key features include:

  • Enhanced Firepower: The gun system can fire beyond 36 km using conventional ammunition.
  • Rapid Deployment: The system can be operational in 1.5 minutes during daylight and 2 minutes at night.
  • High Mobility: The tailor-made 23.5-ton chassis, developed in-house, ensures adaptability across diverse terrains.
  • Versatile Compatibility: It supports NATO-standard and in-service ammunition, enhancing operational flexibility.
  • Effective Rate of Fire: Capable of firing 10 rounds in 3 minutes, with a sustained rate of 42 rounds per hour.

With an elevation range of -2° to +72° and a traverse of 25° left and right, the MArG 45 provides exceptional battlefield adaptability.

About Kalyani Strategic Systems Limited

A wholly owned subsidiary of Bharat Forge, Kalyani Strategic Systems Limited (KSSL) is a leader in the Indian defence sector. The company specialises in developing indigenous weapon platforms, protected mobility solutions, and high-technology military products. It has also expanded its global reach by exporting artillery systems, munitions, and mobility solutions.

About Bharat Forge

Bharat Forge Limited (BFL) is a Pune-based multinational and a leading provider of high-performance components for various industries, including automotive, power, oil & gas, construction, rail, marine, defence, and aerospace. With a global footprint spanning five countries, BFL continues to drive innovation, offering full-service supply capabilities from concept to production.

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.

Green Jobs on the Rise: Bengaluru, Delhi, and Pune Emerge as Leading Hubs

India’s white-collar job market witnessed a significant 32% year-on-year (YoY) growth in January 2025, as per recent reports. This expansion was primarily fuelled by key sectors such as semiconductors, energy, waste management, and manufacturing. Several factors contributed to this surge, including rising consumer demand, incentives introduced in the Union Budget FY26, and an increasing emphasis on sustainability initiatives.

Green Jobs on the Rise: A 41% Increase in 2 Years

One of the standout trends in India’s employment landscape has been the sharp rise in green jobs, which grew by 41% over the past two years. This growth is closely linked to the global push towards net-zero targets and the expansion of clean energy projects. With industries shifting towards sustainability, companies are actively recruiting professionals skilled in energy auditing, carbon footprint assessment, and sustainability strategy.

The cities of Bengaluru, Delhi, and Pune have emerged as leading hubs for green jobs, given their strong renewable energy and electric vehicle (EV) ecosystems. The demand for green job roles is expected to increase by another 11% in 2025, primarily due to projects focused on solar energy, green hydrogen, and sustainable urban development.

Retail and Travel Sectors See Hiring Growth

Apart from sustainability-focused roles, the retail and travel sectors also recorded strong hiring growth, with 24% and 17% YoY increases, respectively. The resurgence in hiring within these sectors can be attributed to:

  • Increased consumer spending in retail.
  • The digital transformation of the travel industry, leading to greater efficiency and enhanced customer experiences.

Tier II Cities Emerging as Employment Hubs

While metro cities remain the epicentre of white-collar job creation, hiring trends are now expanding beyond major urban centres. Several Tier II cities are fast becoming key employment hubs, driven by:

  • Improved infrastructure and business incentives.
  • Government-led initiatives to decentralise economic growth.
  • Lower operational costs for businesses, making them attractive locations for expansion.

This shift is playing a crucial role in supporting India’s transition to a greener and more future-ready economy.

Government Policies Driving Employment Growth

The Indian government’s emphasis on renewable energy and sustainability has played a vital role in shaping employment trends. Incentives introduced in the Union Budget FY26 have further propelled hiring in green energy, semiconductors, and manufacturing. Policy-driven investments in these sectors are expected to continue fostering job creation across various industries.

According to Pranay Kale, Chief Revenue and Growth Officer at foundit, these policies have significantly influenced hiring patterns, leading to a sustained increase in high-skill job opportunities.

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.

Lenskart’s IPO Ambition: When Will the Eyewear Giant Go Public?

Lenskart, India’s leading omnichannel eyewear retailer, is reportedly gearing up for a public listing, targeting a potential $10 billion valuation—double its last funding round. According to news reports, the company is preparing to file its Draft Red Herring Prospectus (DRHP) by May 2025, setting the stage for a significant market debut.

Discussions around the valuation and IPO structure are ongoing between Lenskart’s chief executive Peyush Bansal, key investors, and bankers managing the offering. However, the final valuation and launch will depend on market conditions closer to the listing date.

Valuation and Investor Interest

Lenskart has seen a surge in investor interest over the past few years. Unlike traditional primary funding rounds, the company’s recent capital infusions have been driven by secondary deals, where existing investors offload stakes to new investors.

In June 2023, Lenskart closed a $200 million secondary funding round at a $5 billion valuation, up from its previous primary capital round valuation of $4.5 billion. Typically, secondary share sales occur at a discount, but in Lenskart’s case, strong demand from investors has maintained its valuation trajectory.

IPO Market Sentiment and Competitive Landscape

Lenskart’s IPO ambitions align with a broader trend of late-stage startups heading for public listings in FY26, indicating a growing acceptance of new-age companies among institutional and retail investors.

The eyewear retailer, backed by prominent investors such as SoftBank and Temasek, dominates the Indian market and is expanding internationally. Its acquisition of Japanese brand Owndays in 2022, in a $400 million deal, marked its foray into premium eyewear. Thailand is also emerging as a key growth region for the brand.

Scaling Operations and Revenue Growth

Founded 15 years ago, Lenskart has achieved an annual revenue run rate of $1 billion (₹ 8,400 crore). The company produces 25 million frames and between 30-40 million lenses annually.

In FY24, its operating revenue surged 43% year-on-year to ₹5,428 crore, while EBITDA more than doubled to Rs 856 crore, up from ₹403 crore in FY23. Additionally, net losses reduced significantly from ₹64 crore in FY23 to ₹10 crore in FY24, highlighting operational efficiencies.

The company has been investing heavily in manufacturing, shifting most of its production to its Rajasthan facility and allocating $200 million towards a new plant in Telangana to bolster its export capabilities.

Omnichannel Expansion Strategy

Lenskart’s business model is deeply integrated with technology, allowing for a seamless omnichannel experience. While online sales have driven substantial growth, the company remains committed to offline expansion, planning to add 400 more stores to its existing 2,500-store network.

The company also holds a significant stake in the Paris-based eyewear brand Le Petit Lunetier, reinforcing its global presence.

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.