India Increases Gold and Silver Import Base Prices

The Indian government has increased the base import price of gold and silver in response to rising global prices. According to a notification from the Central Board of Indirect Taxes and Customs (CBIC) issued on February 14, the base price of gold has been raised by $41 per 10 grams to $938, while the base price of silver has gone up by $42 per kilogram.

Adjustment in Line with Trends

Gold prices have been increasing due to economic uncertainty and geopolitical factors, including trade tensions between the US and China. The higher base import price will help with import duties, which are calculated as a percentage of the base price, and stay aligned with international prices. 

Silver prices have also gone up, prompting an adjustment in its import cost.

Gold Prices in India

Following the global trend, gold prices in India also saw an increase on Monday, February 17. The updated rates are:

  • 24K gold – ₹8,662 per gram
  • 22K gold – ₹7,940 per gram
  • 10 grams of 22K gold – ₹79,400 (increase of ₹500)
  • 100 grams of 22K gold – ₹7,94,000 (increase of ₹5,000)

With the revision in base prices, traders are likely to adjust domestic gold rates accordingly. This could influence overall pricing in the retail market, particularly with ongoing demand fluctuations.

Silver Price Adjustment

Like gold, silver has also seen a price increase internationally. The government’s decision to raise the base import price of silver shows these global shifts. The change in import pricing helps maintain consistency in the taxation system by ensuring duties are levied on a market-aligned base price.

The new base import prices will apply until the next revision, depending on further changes in global market conditions.

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. 

Check Gold and Silver Prices in Your City on February 17, 2025

Gold prices have increased on February 17. In the international market, the spot gold price has risen by 0.54%, reaching $2,899.51 per ounce as of 1:24 PM on 17 February.

Gold prices had also increased on February 17, 2025, with both Indian and international markets witnessing an upward trend. In India, gold prices have surged by over ₹300 per 10 grams in major cities.

In Mumbai, 24-carat gold is priced at ₹8,506 per gram, while 22-carat gold now costs ₹7,797 per gram. The price of 24-carat gold stands at ₹85,060 per 10 grams as of 1:24 PM on February 17, 2025.

In Delhi, the price of 22-carat gold is currently ₹77,807 per 10 grams, while 24-carat gold is trading at ₹84,880 per 10 grams.

Gold Prices Across Major Indian Cities on February 17, 2025

Here is a detailed breakdown of gold prices as of February 17, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 85,300 78,192
Hyderabad 85,190 78,091
Delhi 84,880 77,807
Mumbai 85,060 77,972
Bangalore 85,120 78,027

Silver Prices in India on February 17, 2025

The international silver price has increased marginally to $32.21 as of 1:28 PM on February 17, 2025. However, in India, silver prices have decreased by ₹150 per kilogram.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/kg 
Mumbai 95,660
Delhi 95,420
Kolkata 95,530
Chennai 95,940

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have increased across major cities in India. The international spot price of gold is trading near $2,900 per ounce.
  • Silver Prices: Silver prices have declined in India, while in the international market, prices have increased marginally.

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.

BSE Sensex Slides Amid Market Turmoil: Investor Wealth Shrinks by Over ₹27 Lakh Crore

The Indian stock market remained under pressure as the BSE Sensex slipped by 0.30% or 222 points, trading near 75,700 by midday on February 17, 2025. The benchmark index opened lower and extended its decline, falling below the previous session’s low. However, partial recovery was seen from the day’s lows, led by HDFC Bank and Reliance Industries, which provided some support to the index.

On the flip side, ICICI Bank and Mahindra & Mahindra (M&M) weighed on the Sensex, limiting the extent of the rebound.

Sectoral Performance: All Sectors in the Red

The market-wide weakness was reflected across all sectors, with every BSE sectoral index trading in negative territory. The decline was led by:

  • BSE Industrials (-1.24%)
  • BSE Telecom (-1.2%)

Investor Wealth Shrinks by Over ₹27 Lakh Crore

The ongoing downturn has significantly impacted investor sentiment, with a total market capitalisation of BSE-listed companies falling sharply. As per data from the Bombay Stock Exchange (BSE):

  • On February 5, 2025, the total market capitalisation stood at ₹428,03,611.66 crore.
  • By February 14, 2025, after eight consecutive sessions of losses, it had dropped to ₹400,99,281.11 crore, marking a decline of over ₹27 lakh crore.

With February 17, 2025, extending the downtrend, India’s market capitalisation hit an 8-month low, falling below ₹400 lakh crore for the first time since June 2024.

Foreign Investor Sell-Off Intensifies

One of the major contributors to the persistent market decline has been the aggressive selling by Foreign Institutional Investors (FIIs).

  • FIIs have pulled out over ₹1 lakh crore from Dalal Street in 2025 alone.
  • The outflows reflect growing caution amid global economic uncertainties and trade war concerns, which continue to impact emerging markets like India.

With global markets facing volatility and uncertainty, FIIs are expected to remain cautious, further influencing market sentiment in the near term.

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.

Cyient DLM to Manufacture Avionics PCBAs for Thales

Cyient DLM has secured a long-term avionics manufacturing program from Thales, a global technology company. The announcement was made during Aero India 2025, talking about Cyient DLM’s role in aerospace and defence manufacturing.

As of February 17, 12:55 PM, Cyient DLM Ltd is trading at ₹420.45, down ₹13.85 (3.19%) today, with a 29.78% decline over the past month and a 47.31% drop in the past year.

Manufacturing High-Reliability PCBAs

Under this agreement, Cyient DLM will manufacture Printed Circuit Board Assemblies (PCBAs) for Thales’s next-generation flight avionics systems. These components will be used in commercial aircraft platforms. The PCBAs are to meet the reliability and safety standards required in the aerospace sector.

Support for ‘Make in India’

Deepak Talwar, Vice-President of Group Procurement – Engineering, and India, Middle East & Africa at Thales, said that the company’s focus is on strengthening its supply chain in India. He stated, “Cyient DLM has demonstrated strong technical capabilities over the years. We are pleased to have them on board to manufacture high-reliability PCBAs for our next-gen flight avionics systems.”

Industry Presence 

Cyient DLM is into safety-critical electronics and has been involved in design, manufacturing, testing, precision machining, and certification support for regulated industries. The company has worked with global aerospace firms, providing components that meet industry standards.

Anthony Montalbano, CEO of Cyient DLM, said, “We are honoured to have been chosen by Thales for this program. This collaboration highlights our capability to deliver high-reliability electronics for aerospace applications.”

Aerospace and Defense Expansion

With experience in design-led manufacturing, Cyient DLM is expanding its presence in aerospace and defence. The company has worked on similar programs, supplying electronic components for commercial and defence aircraft.

The financial details of the agreement were not disclosed.

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.

Zen Technologies Shares Hit 20% Lower Circuit Amid Q3 Results and Strategic Acquisitions

Shares of Zen Technologies Limited were locked in a 20% lower circuit at ₹1,080 on February 17, 2025, following the release of its Q3 financial results. While the company’s earnings reflected year-on-year growth, a sequential decline compared to the previous quarter contributed to investor concerns.

Despite this short-term market reaction, Zen Technologies has made significant strategic moves, announcing the acquisitions of Vector Technics Private Limited and Bhairav Robotics Private Limited. These investments aim to enhance its position in UAV propulsion, autonomous robotics, and aerospace components, reinforcing its role in India’s defence technology landscape.

Key Details of the Acquisitions

Vector Technics Private Limited

Zen Technologies has acquired a 51% controlling stake in Vector Technics, a company specialising in propulsion and power distribution solutions for drones and UAVs. This acquisition expands Zen’s footprint in aerospace components, enabling it to cater to the growing demand in global drone and robotics markets.

Bhairav Robotics Private Limited

The company has also acquired a 45.33% stake in Bhairav Robotics, a specialist in autonomous robotic systems and defence technology. Bhairav Robotics is known for developing quadrupedal robots and autonomous weapon systems, aligning with Zen Technologies’ focus on ‘Made in India’ innovation in the defence sector.

Strategic Growth Amid Market Challenges

Zen Technologies’ latest acquisitions are designed to strengthen India’s self-reliance in defence manufacturing while expanding its global presence in next-generation warfare solutions.

Chairman & Managing Director, Ashok Atluri, commented on the developments, stating: “These strategic acquisitions mark a significant step in our mission to build a self-reliant and globally competitive defence ecosystem. By integrating cutting-edge robotics, propulsion, and aerospace technologies, we are not only strengthening India’s defence capabilities but also positioning Zen Technologies as a leader in next-generation defence innovation.”

While the Q3 results triggered a negative market reaction, Zen Technologies remains focused on long-term growth and innovation.

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.

KBC Global Approves 1:1 Bonus Share Issue

Nashik-based KBC Global Ltd, a construction and real estate development firm, has announced a 1:1 bonus equity share issue, granting one bonus share for every fully paid equity share. The proposal awaits shareholder approval and aligns with the company’s broader strategy to accelerate expansion and reduce debt.

Additionally, the board has proposed renaming the company to Dharan Infra-EPC Ltd, subject to regulatory approval, as part of its strategic rebranding efforts.

The share price of KBC Global was trading approximately 1% higher as of 12:32 PM on February 17, 2025.

Capital Expansion and Bonus Share Details

The bonus issue will be funded through the company’s reserves, including the Free Reserves, Securities Premium Account, and Capital Redemption Reserve, as of March 31, 2024. The estimated capital required for the issue is ₹261.43 crore, which will double the current share capital from ₹261.43 crore to ₹522.87 crore.

The record date for shareholders’ eligibility will be announced soon, in compliance with SEBI regulations.

Preferential Allotment of Convertible Warrants

KBC Global Ltd has also secured ₹99.50 crore through the preferential issue of 45.23 crore convertible warrants at ₹2.20 per warrant. The proceeds will be primarily utilised for debt repayment. Investors participating in this preferential allotment include:

  • Falcone Peak Fund (CEIC) Ltd – 26 crore warrants
  • Patanjali Parivahan Pvt Ltd and Patanjali Food & Herbal Park – 4.55 crore warrants
  • Foresight Holding Pvt Ltd – 2.28 crore warrants

Once converted, Falcone Peak Fund (CEIC) Ltd will hold 8.48%, Patanjali companies 1.48%, and Foresight Holding Pvt Ltd 1.04% of the company’s total equity.

This issue is in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Warrants must be converted into equity shares within 18 months of allotment.

Expanding Global Footprint with New Infrastructure Projects

KBC Global Ltd has been making significant international strides:

  • KBC International Ltd, Ghana, a subsidiary, has signed a $12.5 million MoU with the Liberia Special Economic Zone Authority to develop residential and commercial spaces. The project is expected to commence in Q2 2025 and be completed within three years.
  • In June 2024, the company’s subsidiary Karda International Infrastructure Ltd secured a $20 million subcontract in civil engineering from CRJE (East Africa) Ltd, marking its entry into Africa’s infrastructure sector.

Domestic Expansion and Real Estate Projects

On the domestic front, KBC Global Ltd has recently launched a new project in Deolali, Nashik, covering an area of 31,998 sq ft, featuring six commercial and twenty-two residential units.

The company has also been actively delivering projects, handing over 135+ residential and commercial units in Maharashtra since April 2024. Some key handovers include:

  • 91 units from Hari Kunj Mayflower
  • 28 units from Hari Krishna Phase IV
  • Additional units from Hari Vishwa and Hari Sanskruti Phase II

Leadership and Governance Updates

  • Mr Naresh Karda has been appointed Chairperson of KBC Infrastructure Ltd, a UK-based wholly owned subsidiary.
  • Ms Muna Makki has been appointed as Executive Director, subject to shareholder approval.

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.

PCBL Chemical Expands Specialty Portfolio with Acetylene Black Technology

PCBL Chemical Ltd has taken a significant step in enhancing its speciality product offerings by signing a technology transfer agreement with China’s Ningxia Jinhua Chemical Co. This move enables PCBL to manufacture Acetylene Black in India, a high-end conductive material with critical applications in power cables, lithium-ion batteries, electric vehicle (EV) charging, semiconductor packaging, and conductive coatings.

At 12:07 PM on February 17, 2025, PCBL’s share price was trading marginally lower at ₹346.70.

Strengthening India’s Battery and Semiconductor Supply Chain

With the Indian battery industry witnessing exponential growth, PCBL’s decision to establish its first Acetylene Black plant in the country aligns with the increasing domestic and global demand for conductive materials. This strategic move is aimed at building resilient supply chains for critical materials used in batteries, semiconductors, and electrical applications.

Expansion of PCBL’s Specialty Portfolio

PCBL has been actively diversifying its speciality product line in recent years. The company has introduced over 50 grades under its Bleumina brand for engineered plastics, Nutone for inks, paints, and coatings, and Energia for conductive applications such as electrostatic discharge and battery components. The inclusion of Acetylene Black will significantly reinforce its position in the fast-growing conductive materials segment.

Investment in Advanced Technology and Innovation

Furthering its commitment to innovation, PCBL has also set up a joint venture company, Nanovace Technologies Ltd, to develop nano-silicon products for lithium-ion battery anodes. A pilot plant at PCBL’s Palej site is expected to be operational in the coming months. The addition of Acetylene Black technology complements PCBL’s focus on macro trends such as energy transition, grid renewal, automotive electrification, and semiconductor industry expansion.

Market Potential

The global market for Acetylene Black, currently estimated at 60,000 metric tonnes (MT), is projected to grow at a compound annual growth rate (CAGR) of 19-20%, reaching approximately 1,50,000 MT by 2030. By acquiring this technology, PCBL is positioning itself to capitalise on high-growth sectors, enriching its product mix, and enhancing its profit margins.

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.

Which Life Insurers in India Have Settled the Most Claims?

A key factor in assessing the reliability of a life insurer is its claim settlement ratio. This ratio indicates the percentage of claims an insurer has successfully settled over a specific period. A high claim settlement ratio suggests that the insurer honours the majority of claims, instilling confidence among policyholders.

For example, an insurer with a 99% claim settlement ratio has successfully settled 99 out of 100 claims received. Thus, the higher the ratio, the greater the assurance for policyholders and their families.

Leading Life Insurers in Claim Settlement

As per the data up to September 2024, ICICI Prudential Life has emerged as the leader in individual death claim settlements, boasting an impressive 99.3% settlement ratio. Close behind is Ageas Federal Life with a 99.2% settlement ratio.

Other top-performing insurers include:

Life Insurer Individual death Claim Settlement Ratio
ICICI Prudential Life* 99.3%
Ageas Federal Life* 99.2%
Edelweiss Life* 98.8%
HDFC Life 98.4%
Bajaj Allianz Life 98.3%
Tata AIA Life 98.3%
SBI Life 98.1%

*Data for ICICI Prudential Life and Ageas Federal Life is for the period from April to September 2024.

These figures indicate the insurers with the highest reliability in claim settlements, ensuring timely financial support for policyholders’ families.

The Role of Claim Rejection Ratio

While the claim settlement ratio highlights an insurer’s reliability, the claim rejection ratio offers insights into the likelihood of a claim being denied. A lower rejection ratio signifies that fewer claims are turned down, which is a positive indicator for policyholders.

For example, an insurer with a 5% claim rejection ratio would have denied 5 out of every 100 claims received. The lower the rejection ratio, the better it is for policyholders.

Life Insurers with the Lowest Claim Rejection Ratios

As per available data, HDFC Life exhibits the lowest claim rejection ratio at just 0.2%, followed closely by Tata AIA Life at 0.3%. Axis Max Life and Edelweiss Life share the third position, each with a rejection ratio of 0.4%.

 

Life Insurer Claim Rejection Ratio
HDFC Life 0.2%
Tata AIA Life 0.3%
Axis Max Life 0.4%
Edelweiss Life* 0.4%
Bajaj Allianz Life 0.5%
Aviva Life 0.5%

The above data underscores the importance of choosing insurers with a low rejection ratio, as it reflects their commitment to honouring claims efficiently.

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.

Dilip Buildcon Share Price Surges After Settlement with NHAI

Dilip Buildcon Ltd (DBL) saw its stock rise 4.40% to ₹410.10 at 11:27 AM,  February 17, 2025, following a settlement with the National Highways Authority of India (NHAI). The company’s shares had been under pressure in the past month, down 3.26%, and have fallen 17.16% over the past year.

Background of the Dispute

The dispute was related to an EPC contract for the six-laning of the Nidagatta-Mysore section of NH-275 in Karnataka, awarded under the Hybrid Annuity Model in 2018. DBL had claims against DBL Nidagatta – Mysore Highways Private Limited (DNMHPL), which were referred for conciliation. 

The case was reviewed by the Conciliation Committee of Independent Experts (CCIE), which led to a settlement between DBL, DNMHPL, and NHAI.

Settlement Terms

As per the agreement, NHAI will disburse ₹176.90 crore, with ₹117.41 crore directly related to DBL’s claims. The amount is expected to be paid within 30 days.

The settlement covers multiple claims, including:

  • Compensation for project delays due to issues with Right of Way (ROW).
  • Reimbursement of additional costs incurred during an extended construction period.
  • Compensation for Change-in-Law costs, such as Royalty and GST.
  • Release of withheld GST payments.
  • Revision of rates for Change of Scope (COS) work and payment adjustments.
  • Restoration of annuity and interest adjustments.
  • Compensation for price escalation in works between provisional and final completion.
  • Payment of additional interest accrued during the project.

Impact on the Company

The settlement resolves a long-pending issue and provides DBL with additional funds. While the stock saw a short-term jump, it remains lower than its level a year ago. The broader impact on the company’s financials will depend on how it manages future projects and cash flow.

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.

Odisha Government Urges Subhadra Yojana Beneficiaries to Complete DBT, eKYC for Payments

The Odisha government has asked all Subhadra Yojana beneficiaries who have not received their payments to complete their Direct Benefit Transfer (DBT) process and eKYC verification. Those who fulfill these requirements will receive their first or second installment by March 8, as per the reports.

Over 2.5 Lakh Beneficiaries Yet to Complete Verification

According to a statement from the Information & Public Relations (I&PR) Department, more than 2.5 lakh eligible beneficiaries have either not completed their eKYC or do not have DBT-enabled bank accounts. The government has published a list of these beneficiaries at block, municipality, and municipal corporation offices, as well as on the Subhadra portal.

eKYC and DBT Requirements

To receive the funds, a beneficiary must:

  • Have a single-holder bank account linked to her Aadhaar number and DBT-enabled.
  • Complete eKYC verification using the biometric method on the Subhadra portal.
  • Visit a Jana Seva Kendra or Mo Seva Kendra to complete the eKYC process.

Lists Available for Beneficiaries to Check

Women who have not received their payments can check the published lists to verify if they need to complete the eKYC and DBT process. Those who do so before the deadline will receive their first installment before March 8, or their second installment on that date.

Deadline and Government Instructions

The state government has set a March 8 deadline for all pending verifications. Beneficiaries who fail to complete the process in time may face delays in receiving their payments. The government has advised all affected women to complete their eKYC at the earliest to avoid disruptions.

The Subhadra Yojana aims to provide financial assistance, but pending verifications have delayed disbursements for many. With the list of incomplete cases now made public, beneficiaries are expected to act before the deadline to ensure they receive their entitled funds.

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.