Ganesha Ecosphere To Setup Greenfield Project in Odisha

Ganesha Ecosphere Limited (GESL), a leading company in sustainable plastic recycling, is expanding its operations. The company is setting up a new plant in Odisha to increase production and meet the growing demand for eco-friendly PET products.

Greenfield Project in Odisha  

Ganesha Ecosphere Limited (GESL) is expanding through its wholly owned subsidiary, Ganesha Ecopet Private Limited. The company is building a new greenfield project in Odisha to increase the production of rPET chips and granules.

Earlier, it had planned a 45,000 tons per annum (TPA) facility, but now it has decided to expand the project. The new plant in Odisha will have a larger capacity of 67,500 TPA, showing the company’s commitment to sustainable manufacturing.  

Investment and Project Scope  

Along with the Odisha greenfield project, GESL is also expanding its Warangal plant from 42,000 TPA to 64,500 TPA, bringing the total additional capacity to 90,000 TPA. 

The company currently utilises around 75% of its existing production capacity and aims to expand to meet growing demand. 

The project will cost around ₹700-750 crore which will be funded through a mix of debt, equity and internal resources. The expansion is expected to be completed in about 18 months.

Strengthening Market Presence  

GESL’s new greenfield project in Odisha is part of its long-term plan to grow in the recycled PET industry. This expansion will improve production, meet rising demand and support sustainability.

By increasing its manufacturing capacity, GESL aims to strengthen its position in the eco-friendly plastics market. The company has also informed stock exchanges about this development, showing its focus on business growth and environmental responsibility.

GESL Share Performance 

As of February 04, 2025, at 2:45 PM, GESL shares are trading at ₹1,733 per share, up 0.36% from yesterday’s closing price. Over the last month, the stock has fallen by 7.13% and over the last year, it has declined by 12.50%. The stock has a 52-week high and 52-week low of ₹2,484.20 per share and ₹900 per share respectively.

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.

Welspun Enterprises Sells 19% Stake in Welassure Private Limited

Welspun Enterprises Limited has announced the sale of a 19% equity stake in Welassure Private Limited to Rakshak Securitas Private Limited. The decision was approved during the company’s board meeting held on February 3, 2025, marking a strategic move in its financial operations.

Transaction Details and Financials

The sale involves 1,900 equity shares valued at ₹10 each, amounting to a total transaction of approximately ₹0.95 crore. The agreement for the sale is yet to be formalised, with the completion of the transaction expected by 31st March 2025. 

 

The deal does not involve any related-party transactions, and Welassure Private Limited is neither an associate nor a subsidiary of Welspun Enterprises.

Implications and Compliance

The sale aligns with the regulatory requirements of SEBI’s Listing Obligations and Disclosure Regulations (LODR). Since the transaction falls outside any Scheme of Arrangement, compliance with Regulation 37A of LODR is not applicable. Furthermore, the details of the sale have been made publicly available on the company’s website as per the disclosure norms.

Welspun Share Performance

As of February 03, 2025, at 3:10 PM, the shares of Welspun Living Ltd are trading at ₹131.30 per share, reflecting a decline of 0.58% from its previous day’s closing price. The stock has experienced notable fluctuations over the recent months, with a sharp decline of 15.96%. The stock has a 52-week high and low of ₹212.95 and ₹122.65 per share respectively.

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.

TVS Holdings Take Overs 80.74% Stake in Home Credit India

TVS Holdings Limited is a distinguished Indian automotive components company based in Chennai. As a pivotal entity within the TVS Group, it excels in the production of high-quality aluminium and magnesium castings for the automotive industry.

Acquired an 80.74% equity stake in Home Credit India 

On February 3, 2025, TVS Holdings announced the successful acquisition of an 80.74% equity stake in Home Credit India Finance for ₹554 crore, with the remaining 19.26% secured by Premji Invest and other TVS Holdings associates. 

This strategic move underscores the company’s ambitious goal to expand its lending book size to ₹50,000 crore over the next three years, up from the current ₹33,000 crore.

Details of Acquisition 

The acquisition aligns seamlessly with TVS Holdings’ mission to fortify its footprint in the financial services sector. Home Credit India, a leading player in the consumer finance market, boasts a formidable AUM of ₹5,535 crore as of March 2024, with a vast network of over 50,000 points-of-sale (PoS) across 625 cities and an employee base of 3,800. 

Having served 16 million customers, it focuses primarily on New-to-Credit (NTC) clientele, offering consumer durable loans for affordable smartphones alongside personal loans.

Statement From Managing Director 

“This acquisition marks a defining milestone for us. We are delighted to welcome Home Credit India’s talented team and extensive customer base of 16 million to the TVS family. This transaction underscores our resolve to deliver innovative and inclusive financial solutions. 

With this acquisition, our lending book now stands at ₹33,000 crore, bringing us closer to achieving our ₹50,000 crore target over the next three years.”

Share Price Performance 

At 3:12 PM today, TVS Holdings’ shares traded at ₹9,334.95 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.

Royal Orchid Hotels Launches Regenta Resort Near Statue of Unity, Gujarat

Royal Orchid Hotels Limited (ROHL), founded in 1986 by Chander K. Baljee, is a leading Indian hospitality brand known for its premium, mid-market, and business hotels. Renowned for blending luxury, comfort, and personalised service, it holds a prominent position in the country’s hotel industry.

About Regenta Resort 

ROHL has unveiled the Regenta Resort, a luxurious five-star retreat near the iconic Statue of Unity in Kevadia, Gujarat. As the company’s 15th branded property in the state, the resort is strategically positioned to cater to the surging demand for premium accommodations amid Gujarat’s booming tourism and infrastructure growth.

Nestled amidst serene landscapes, the resort boasts 49 rooms, including spacious suites with private balconies offering captivating mountain views.

Exclusive Presidential Villas featuring private pools and verdant gardens are tailored for guests seeking the pinnacle of luxury. The property seamlessly combines tasteful decor with modern amenities and is complemented by ROHL’s hallmark hospitality and impeccable service.

Events and Leisure Amenities

The Regenta Resort offers over 3,000 sq. ft. of indoor event space, along with a sprawling 35,000 sq. ft. poolside lawn, making it a premier destination for weddings, corporate events, and social gatherings. 

Guests can enjoy a temperature-controlled swimming pool, a fully equipped fitness centre, and a curated selection of indoor and outdoor activities for both adults and children. With these amenities, the resort sets a new benchmark for luxury hospitality near one of India’s most iconic tourist attractions.

Company Statement

Chander K. Baljee, Chairman and Managing Director of ROHL, highlighted the company’s commitment to expanding in western India, driven by rising demand for premium stays. He noted Gujarat’s growing tourism potential, enhanced by infrastructure upgrades, and expressed confidence that Regenta Resort near the Statue of Unity would cater to discerning travellers seeking unique, high-end experiences.

Share Price Performance 

At 3:01 PM today, Royal Orchid Hotels Ltd. shares traded at ₹363.00 per share 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.

Shakti Pumps Secures Solar Module Supply Deal with ReNew Photovoltaic

Shakti Pumps (India) Ltd. is a distinguished manufacturer and exporter of energy-efficient pumps and motors in India. Established in 1982, the company has built a formidable reputation as a pioneer in stainless steel pumps, solar-powered solutions, and advanced water management systems.

Strategic Partnership for Renewable Growth

Shakti Pumps recently announced an ambitious partnership with ReNew Photovoltaic Private Limited for the supply of DCR cell-based solar modules valued at an impressive ₹1,300 crore for FY 2025-26. This strategic alliance complements existing collaborations with industry giants Mundra Solar PV Ltd (Adani) and Premier Energies Ltd.

These alliances are set to catalyse Shakti Pumps’ growth trajectory in the renewable energy domain, reinforcing its leadership in the solar module market and bolstering its contribution to India’s sustainable energy agenda.

Proactive Fundraising Initiative

On January 7, 2025, Shakti Pumps secured board approval for a ₹400 crore capital raise through a Qualified Institutional Placement (QIP). This financial infusion will underpin the company’s expansion plans, supported by a robust order book worth ₹1,800 crore.

Shakti Pumps Share Price Performance 

Despite a recent 16.6% decline in share price over the past week, Shakti Pumps has demonstrated formidable resilience and long-term profitability. 

Over the last six months, the stock has risen by 17.5%, with a remarkable 264% surge over the past year, reflecting its exceptional value proposition. As of 2:23 PM today, Shakti Pumps (India) Ltd’s share price traded at ₹934.90 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.

Changes in Fund Management for Nippon India Mutual Fund’s Passive Schemes

Nippon India Mutual Fund has announced changes in the fund management of several passive schemes, effective February 1, 2025. Jitendra Tolani will replace Himanshu Mange as the fund manager for multiple exchange-traded funds (ETFs) and index funds.

List of Affected Schemes

The following schemes will now be managed by Jitendra Tolani:

Effective Date

The change took effect from February 1, 2025. Investors in these schemes do not need to take any action, but they can review fund updates for any modifications in execution.

These changes are part of routine fund management realignments, with the core investment strategy of these funds remaining intact.

About Nippon India Mutual Fund

Nippon India Mutual Fund (NIMF), formerly Reliance Mutual Fund, is an asset management company offering multiple investment options, including equity, debt, hybrid, and commodity funds. Established in 1995, it became Nippon India MF in 2019 after Nippon Life acquired a 75% stake. It is managed by Nippon Life India Asset Management Limited (NAM India).

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 are subject to market risks, read all scheme-related documents carefully.

No Tax on Earnings up to ₹13.7 Lakh: Here’s How You Can Achieve It

In her Budget speech, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually are now exempt from income tax. However, for salaried taxpayers, the threshold is slightly higher at ₹12.75 lakh due to a standard deduction of ₹75,000. Additionally, by making use of the National Pension System (NPS), salaried individuals can legally increase their tax-free income to ₹13.7 lakh.

A salaried individual with an annual income of ₹13.7 lakh can lower their tax liability by approximately ₹96,000 through contributions to the pension scheme. However, this benefit is available only if the employer includes NPS as part of the cost-to-company (CTC) structure, as employees cannot independently enrol in it.

How NPS Helps in Reducing Taxable Income?

Under Section 80CCD(2) of the Income Tax Act, up to 14% of an employee’s basic salary contributed to NPS by the employer is tax-deductible. In contrast, under the old tax regime, this benefit was limited to 10% of the basic pay. This allows employees to lower their taxable income significantly.

For instance, if an individual earns ₹13.7 lakh annually, the following deductions apply:

Salary Component Amount (₹)
Basic Salary 6,85,000
NPS Employer Contribution 95,900
Other Salary Components 5,89,100
Total Salary 13,70,000
Less: Standard Deduction -75,000
Less: NPS Contribution -95,900
Taxable Salary 11,99,100

With these deductions, the taxable salary falls below ₹12 lakh, ensuring that no income tax is payable. However, this benefit is only applicable if the employer includes NPS as part of the cost-to-company (CTC) structure. 

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

NTPC Stock in Focus as Delhi High Court Overturns ₹1,891 Crore Arbitration Award

Share Price of NTPC Limited was in focus on Tuesday, February 4, 2025, after the company secured a favourable ruling from the Delhi High Court in a long-standing contractual dispute with Jindal ITF Limited (JITF). The stock opened at ₹314.85, touched an intraday low of ₹310.30, and was trading over 2% higher at ₹1:15 PM.

The case pertained to an infrastructure project involving coal transportation through waterways for NTPC’s Farakka Super Thermal Power Project (STPP). In 2019, an arbitral tribunal ruled against NTPC, awarding ₹1,891 crore plus interest to JITF. However, NTPC challenged the decision in the Delhi High Court under Section 34 of the Arbitration & Conciliation Act, 1996.

High Court’s Ruling: Arbitration Award Declared ‘Perverse’

On January 30, 2025, the Delhi High Court delivered its judgment, which was uploaded on 1st February. The court ruled in favour of NTPC, setting aside the arbitral award entirely. The verdict deemed the original arbitration decision “perverse” and “patently illegal,” thereby relieving NTPC of the financial burden.

This ruling marks a significant development for NTPC, as a reversal of such a large financial liability could positively impact its balance sheet and investor sentiment.

Share Price Reaction

Following the news, NTPC’s share price experienced a positive uptick, gaining over 2% during the day’s trade. Share price of NTPC is down by 4.5% as of February 4, 2025, on a YTD basis. 

NTPC Financial Performance

For NTPC on a standalone basis, total income for Q3 FY25 is ₹42,303 crore as against ₹40,288 crore in the corresponding quarter of the previous year, registering a growth of 5%. For 9M FY25, the total income increased by 6% to ₹1,28,601 crore from ₹1,21,486 crore in the corresponding previous period. 

NTPC’s Profit after tax for Q3 FY25 is ₹4,711 crore, as against ₹4,572 crore in the corresponding quarter of the previous year, registering an increase of 3%. On a 9-month basis, PAT is ₹13,871 crore as against ₹12,523 crore in 9M FY24, registering an increase of 11%. 

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

How Mutual Funds and ULIPs Will Be Taxed After Union Budget 2025

With the enactment of the Finance Bill, 2025, investors must reassess how their capital gains from mutual funds and Unit Linked Insurance Plans (ULIPs) will be taxed. The distinction between long-term and short-term capital gains remains crucial, directly affecting the tax rates applicable upon redemption or sale of investments. Here’s an in-depth look at the revised taxation structure for the financial year 2025-26.

Long-Term Capital Gains Tax

Equity-Oriented Mutual Funds

Mutual funds that allocate at least 65% of their assets to listed domestic equity shares fall under the category of equity-oriented schemes. Gains from investments held for more than 12 months qualify as long-term capital gains and are subject to a 12.5% tax rate, with some exceptions for specific mutual fund categories.

Non-Equity-Oriented Mutual Funds

For debt funds and other non-equity-oriented mutual funds, the required holding period to qualify as long-term capital gains is 24 months. Gains from these investments held beyond 24 months will also be taxed at 12.5%.

Short-Term Capital Gains Tax

Equity-Oriented Mutual Funds

If investors redeem or sell their equity-oriented mutual fund investments before completing 12 months, they will incur a 20% short-term capital gains tax.

Non-Equity-Oriented Mutual Funds

For non-equity-oriented schemes, short-term capital gains (redemption before 12 months) will be taxed at the investor’s applicable income tax slab rate.

Taxation of ULIPs Post Budget 2025

From April 1, 2026, ULIPs with annual premiums exceeding ₹2.5 lakh will be taxed at a 12.5% long-term capital gains (LTCG) rate. This change aims to bring more clarity and fairness to ULIP taxation.

Why This Change Was Introduced?

Previously, there was ambiguity regarding whether ULIP gains should be classified under long-term capital gains or income from other sources. This was especially relevant for high-premium ULIPs, where a large portion of the premium was invested in equity markets.

Unlike traditional life insurance policies that predominantly invest in debt instruments, ULIPs allocate a significant portion of their premiums to equity assets. Consequently, treating them as regular insurance policies for tax purposes was deemed inappropriate. The Budget 2025 framework has now clearly defined their taxation structure, aligning them with equity-linked investments.

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 are subject to market risks, read all scheme-related documents carefully.

Gold and Silver Prices on February 4: Check Rates in Your City

Gold spot prices declined in both global and domestic markets on Tuesday, February 4, due to a strong US dollar.

In the international market, spot gold fell by 0.19% to $2,813.47 per ounce as of 12:29 PM.

In India, gold prices dropped by ₹160 across major metro cities. In Mumbai, 24-carat gold is priced at ₹8,304 per gram, while 22-carat gold costs ₹7,612 per gram. The 24-carat gold price per 10 grams is ₹83,040, down by ₹160 as of 12:29 PM on February 4, 2025.

In Delhi, 22-carat gold is priced at ₹75,983 per 10 grams, while 24-carat gold trades at ₹82,890 per 10 grams.

Gold Prices Across Major Indian Cities (February 4, 2025)

Here is a detailed breakdown of gold prices as of February 4, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 83,280 76,340
Hyderabad 83,170 76,239
Delhi 82,890 75,983
Mumbai 83,040 76,120
Bangalore 83,100 76,175

Silver Prices in India on February 4, 2025

International silver prices fell by 0.33% to $31.49 per ounce as of 12:29 PM. In India, silver prices declined by ₹240 per kg.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/kg 
Mumbai 94,140
Delhi 93,980
Kolkata 94,020
Chennai 94,420

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have fallen in India; international spot gold trades above $2,800.
  • Silver Prices: Silver rates have dropped in major Indian cities.

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