On April 3, 2025, both JFSL and BlackRock subscribed to 6.65 crore equity shares each of the joint venture. The shares have a face value of ₹10 per share. The total capital raised in this round stands at ₹66.5 crore, equally contributed by both partners.

Including this latest round, the total cumulative investment in the JV now amounts to ₹84.5 crore. The ownership structure remains unchanged, with both entities holding a 50% stake.

As of 10:07 AM on April 4, 2025, Jio Financial Services share price was trading at ₹224.36, 2.36% down, but down 31.92% over the past six months and 36.16% over the past year.

Purpose of Funds

The capital will be used by the joint venture to support its business operations. No additional breakdown of fund utilization was provided in the disclosure.

Nature of the Transaction

The transaction is classified as a related party transaction. According to JFSL, it was carried out on an arm’s length basis. The company also stated that none of its promoters, promoter group, or other group companies have any interest in the investment. No government or regulatory approvals were required for this investment. The transaction was completed at 1:16 PM on April 3, 2025.

Financial Performance

Jio Financial Services announced a net profit of ₹294.8 crore for the third quarter ending December 31, 2024, representing a 0.3% year-over-year (YoY) increase from ₹293.8 crore. The company’s revenue from operations also saw a 6% YoY rise, reaching ₹438.4 crore compared to ₹413.6 crore.

Jio Financial Services significantly expanded its operations, with assets under management more than tripling to ₹4,199 crore from the previous quarter’s ₹1,206 crore. The company’s payments bank also saw substantial growth, increasing its CASA customer base by 25% to 1.89 million. Furthermore, Jio Financial Services integrated its payment functionalities into the JioBharat platform.

Conclusion

The joint venture has now received a total investment of ₹84.5 crore from its two shareholders. The latest round of ₹66.5 crore was completed without regulatory hurdles and maintains the 50:50 ownership between Jio Financial and BlackRock.

 

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.

 

Zaggle Prepaid Ocean Services Ltd has entered into an agreement with Thomas Cook (India) Ltd, as disclosed to the National Stock Exchange (NSE) and BSE on April 3, 2025. The partnership falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As of 9:43 AM on April 4, 2025, Zaggle Prepaid Ocean Services share price was trading at ₹349.95, a 2.21 % down for the day, but down 22.15% over the past 6 months and up 20.83% over the past year.

Agreement Details

The agreement involves the integration of Thomas Cook’s corporate travel services with Zaggle’s expense management platform. The collaboration will focus on offering a single platform for travel bookings, real-time expense tracking, and compliance features for businesses.

The nature of the contract is domestic, but its services will extend to both domestic and international travel requirements. The time period for the execution of this agreement is two years.

Points from the Disclosure

• Name of the awarding entity: Thomas Cook (India) Ltd
• Type of contract: Agreement
• Contract awarded by: Domestic entity
• Nature of services: Domestic and international corporate travel management, integrated with expense tracking
• Execution timeline: 2 years
• Promoter involvement: No promoter, promoter group, or related party interest involved
• Related party transaction: Not applicable

Purpose of the Agreement

According to the official disclosure, the agreement is intended to provide a tech-enabled platform for business travel and expense management. It combines Thomas Cook’s travel management services with Zaggle’s software infrastructure to deliver a unified offering to enterprises.

Regulatory Compliance

The information was disclosed in line with SEBI’s circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which outlines the format and process for disclosing material events to stock exchanges.

Conclusion

This is a formal collaboration between a travel service provider and a fintech firm aimed at boosting enterprise travel and expense management solutions. There is no commentary on the development at this time.

 

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.

Advait Energy Transitions Limited has been confirmed as the L1 (lowest) bidder for a turnkey power infrastructure contract issued by Dakshin Gujarat Vij Company Limited (DGVCL). The project falls under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme, which focuses on improving the electricity infrastructure in the tribal areas of Gujarat.

As of 9:40 AM on April 4, 2025, Advait Energy Transitions share price was trading at ₹1,235.10, up ₹95.05 (8.13%) for the day, though down 29.56% over the past 6 months and 5.69% over the past year.

Scope of Work

The contract includes the supply, installation, testing, and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) and associated accessories. The total project will cover 580 circuit meter kilometers (CMK). Poles and related fabrications required for the project will be provided by DGVCL.

The work is to be executed and completed within a 15-month period from the date of commencement. No start date has been announced yet, as the Letter of Intent or Award is awaited.

Official Confirmation

In an exchange filing dated April 3, 2025, Advait Energy informed BSE that it had received confirmation as the L1 bidder. The company mentioned that further details as required under Regulation 30 of the SEBI (LODR) Regulations, 2015, will be disclosed in a separate announcement once the formal award or Letter of Intent is issued.

The execution of the project will be carried out within the jurisdiction area of DGVCL, which operates in the southern part of Gujarat.

Background on VKY-2

The Vanbandhu Kalyan Yojana-2 (VKY-2) is a state government scheme aimed at enhancing development infrastructure in tribal areas, including improvements in power distribution and reliability.

Conclusion

Advait Energy Transitions Limited will proceed with the project upon receiving the Letter of Intent. The project, once started, will span 15 months and will cover a length of 580 CMK with MVCC installation under the VKY-2 scheme.

 

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.

A consortium of Hitachi Energy India Ltd and Bharat Heavy Electricals Limited (BHEL) has been awarded a high-voltage direct current (HVDC) transmission contract by Rajasthan Part I Power Transmission Ltd, a subsidiary of Adani Energy Solutions Ltd (AESL).

As of 9:33 AM on April 4, 2025, Hitachi Energy India share price was trading at ₹12,364.80, a 0.20% down for the day, with a 6-month decline of 11.70% but a 79.95% gain over the past year. Bharat Heavy Electricals Ltd (BHEL) share price was trading at ₹220, a 0.60% up for the day, though down 17.86% over the past 6 months and 12.60% over the past year.

Project Details

The project involves the development of a 6,000 MW, ±800 kilovolt (kV), bi-pole, bi-directional HVDC transmission link. The transmission system will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh, covering a distance of approximately 950 kilometers. This infrastructure is part of the national renewable energy evacuation plan and supports India’s target of reaching 500 GW of renewable capacity by 2030.

Scope of Work

The project includes the supply and installation of converter transformers, AC/DC control and protection systems, thyristor valves, 765 kV/400 kV grid connections, and auxiliary systems. Hitachi Energy and BHEL will jointly execute the design and delivery. 

The link is scheduled for completion by 2029.

BHEL’s Contribution

BHEL will manufacture components at its Bhopal and Bengaluru units. The Bhopal facility will supply converter transformers, shunt reactors, filter bank capacitors, medium-voltage switchgear, and instrument transformers. Thyristor valves required for current conversion will be produced at BHEL’s Electronics Division in Bengaluru. BHEL’s Transmission Business Group will manage the installation of the 765 kV/400 kV grid at Fatehpur and the 400 kV AC substations at Bhadla and Bhadla Extension.

Background

This is the fourth Ultra High Voltage Direct Current (UHVDC) transmission project awarded to BHEL. The company has previously executed the North-East Agra and Raigarh-Pugalur HVDC links and is currently working on the Khavda-Nagpur HVDC link in partnership with Hitachi Energy.

Conclusion

The project is part of India’s renewable energy transmission infrastructure and is to facilitate power transfer from a major renewable zone in Rajasthan to northern industrial hubs.

 

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.

Shilpa Medicare Limited, a leading pharmaceutical company, has expanded its global footprint with the launch of BORUZU™ (Bortezomib for Injection 3.5mg/1.4ml) in the United States. Partnering with Amneal Pharmaceuticals, this launch marks a significant step in providing more efficient and accessible oncology treatments. The ready-to-use formulation aims to enhance patient care by reducing preparation time and improving administration convenience.

A Milestone in Oncology Treatment

Shilpa Medicare, in collaboration with its marketing partner Amneal Pharmaceuticals, has introduced BORUZU™, a novel oncology drug designed for both subcutaneous and intravenous administration. Unlike traditional bortezomib formulations that require reconstitution before use, BORUZU™ comes in a ready-to-use form, eliminating complex compounding steps. This advancement is expected to improve operational efficiency in healthcare settings and reduce patient wait times.

BORUZU™ is a proteasome inhibitor used for the treatment of multiple myeloma and mantle cell lymphoma. The drug has received a permanent J-code from the U.S. Centers for Medicare & Medicaid Services (CMS), ensuring streamlined reimbursement for medical providers. The molecule was developed by Shilpa Medicare, while Amneal Pharmaceuticals will handle its manufacturing and commercial distribution in the US market.

Shilpa Medicare’s Vision in the Pharmaceutical Industry

Shilpa Medicare has consistently demonstrated its commitment to innovation by developing advanced pharmaceutical solutions. The company specialises in niche oncology and non-oncology Active Pharmaceutical Ingredients (APIs), peptides, and differentiated dosage forms, including injectables and transdermal patches. With multiple R&D centres and manufacturing facilities, it also provides Contract Development and Manufacturing Organisation (CDMO) services to global pharmaceutical firms.

According to Vishnukant Bhutada, Managing Director of Shilpa Medicare, the launch of BORUZU™ highlights the company’s focus on introducing pharmacy-efficient solutions that enhance compliance and accessibility for patients. This development aligns with Shilpa’s broader mission to improve healthcare by delivering high-quality and innovative pharmaceutical products worldwide.

Shilpa Medicare Share Performance 

As of April 03 2025, at 1:00 PM, Shilpa Medicare share price was trading at ₹679.70, reflecting a surge of 4.88% from its previous closing price. Over the past month, it has surged by 12.60%.

Conclusion

The introduction of BORUZU™ in the US market represents a major achievement for Shilpa Medicare, reinforcing its position as a key player in the oncology pharmaceutical sector. By offering a ready-to-use formulation, the company is enhancing the efficiency of cancer treatment while improving patient experience. This milestone reflects Shilpa Medicare’s ongoing commitment to pharmaceutical excellence 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.

As per the latest clarification by the Central Board of Indirect Taxes and Customs (CBIC), restaurants located within hotels that charge over ₹7,500 per day for rooms are now categorised as operating within “specified premises”. Consequently, restaurant services in such establishments will attract an 18% Goods and Services Tax (GST), with the benefit of input tax credit (ITC).

In contrast, standalone restaurants or those situated in hotels with room tariffs below ₹7,500 will continue to attract a lower GST rate of 5%, but without ITC.

What Qualifies as a “Specified Premises”?

The CBIC defines “specified premises” as hotel properties where the actual transaction value of accommodation exceeded ₹7,500 per night in the preceding financial year. This classification directly affects the GST rate applied to restaurant services within the premises.

Notably, this threshold is determined not by the listed tariff, but by the actual price charged — offering more clarity and uniformity in implementation.

Voluntary Declaration: Can Hotels Choose to be ‘Specified Premises’?

Hotels that did not exceed the ₹7,500 threshold in the previous financial year may still choose to be classified as “specified premises”. This is done by submitting a declaration between January 1 and March 31 before the start of the new financial year.

Once opted in, the classification will remain valid throughout the financial year, unless the hotel decides to opt out in a subsequent year. This change also eliminates the earlier method of using the ‘declared tariff’, which often caused confusion due to its inclusion of all room amenities but exclusion of discounts.

What if the Room Rent Falls Below ₹7,500?

Hotels whose room rents fall below ₹7,500 in the preceding financial year are not automatically considered “specified premises”. They will only fall under this category if they voluntarily opt in through the declaration process.

If no such declaration is made, restaurant services in such properties will be taxed at 5% GST, but ITC will not be available.

GST Rate for Restaurants Outside Specified Premises

Restaurants operating outside the boundaries of “specified premises” — including standalone eateries or those in budget hotels — will continue to be taxed at 5% GST. However, these establishments cannot claim input tax credit, making their effective tax burden potentially higher in operational terms.

Determination of ‘Specified Premises’ Status

The classification of a property as “specified premises” depends on two factors:

1. Actual room transaction values during the previous financial year.
2. Voluntary declaration, made within the stipulated window (January 1 to March 31).

Hotels that exceeded the ₹7,500 threshold in 2024–25, for instance, will automatically fall under the 18% GST slab for restaurant services in 2025–26. This status will remain unchanged throughout the financial year, ensuring consistency.

Newly registered hotels can also opt in by submitting their declaration within 15 days of receiving their GST registration certificate.

How Is GST Handled for Hotels with Multiple Properties?

For hotel chains or groups operating multiple properties under a single GST registration, each premise is treated separately for GST classification purposes. The 18% GST on restaurant services will apply only to those properties where:

• The room tariff exceeded ₹7,500 in the prior financial year, or
• The hotelier has opted for “specified premises” status.

This ensures fairness in taxation across diverse properties with varying room tariffs.

Conclusion

The CBIC’s revised framework aims to simplify and bring clarity to the taxation of hotel restaurant services. With defined criteria and options for voluntary classification, hoteliers can make informed decisions for each property.

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.

MAN Industries (India) Limited announced a noteworthy achievement—its inclusion in the approved vendor list of Qatar Energy LNG, one of the world’s largest producers of liquefied natural gas (LNG). This development signals the company’s enhanced position in the global energy supply chain and highlights its proven capabilities in manufacturing high-quality steel pipes and anticorrosion coatings.

Qatar Energy LNG: A Global Energy Giant

Qatar Energy LNG, previously known as Qatargas, is a cornerstone of the global LNG market with an annual output capacity of 77 million tonnes. It plays a central role in the exploitation and export of Qatar’s vast gas reserves, especially from the North Field—the world’s largest non-associated gas field. Inclusion in this elite list positions MAN Industries to potentially engage in key LNG infrastructure projects across the Middle East and beyond.

Recognition of Quality and Compliance

Securing a place on the vendor list of such a globally recognised energy company requires strict adherence to quality, safety, and reliability benchmarks. MAN Industries met these demanding standards, reaffirming its reputation for engineering excellence and commitment to international specifications.

Comments from Leadership

Mr Nikhil Mansukhani, Managing Director of MAN Industries, expressed his pride: “We are extremely proud to be included in the prestigious approved vendor list of Qatar Energy LNG. This recognition is a testament to the hard work, dedication, and expertise of our team. It opens up exciting new opportunities for the niche Sour Grade Line pipe market in the Middle East and reinforces our commitment to delivering world-class solutions to our customers worldwide.”

Implications for Future Growth

The inclusion opens new avenues for MAN Industries in the high-potential Sour Grade Line pipe segment, often required for harsh environments in oil and gas exploration. The endorsement is also expected to strengthen the company’s credentials for similar approvals from other global energy majors.

Man Industries Share Price 

The share price of Man Industries was trading down by 1.31% at ₹289.60 at 2:02 PM. The stock had made an intraday high of ₹299 on the NSE.

Conclusion

While this announcement is not indicative of any immediate commercial contracts, it marks an important milestone for MAN Industries and reflects its continued momentum in the international market. The recognition by a major energy player like Qatar Energy LNG could serve as a gateway to future collaborations and growth 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.

Lemon Tree Hotels Limited, one of India’s leading hospitality chains, has announced the signing of a new licence agreement for a hotel property in Jaipur, Rajasthan. As of 1:53 PM, the share price of Lemon Tree Hotels is trading higher by 2.28% at ₹144.03.

Property Details and Strategic Location

The upcoming Lemon Tree Hotel, Jaipur, will be operated by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The hotel is scheduled to commence operations in FY 2027.

The property will feature 66 well-appointed rooms, a restaurant, banquet facilities, a meeting room, a swimming pool, a fitness centre, and other public areas, catering to both leisure and business travellers.

Located in close proximity to Jaipur International Airport (just 500 metres away), and approximately 12 km from Jaipur Junction Railway Station, the hotel is well-positioned to benefit from strong connectivity via both public and private transport.

Strengthening Presence in Rajasthan

With this signing, Lemon Tree Hotels continues its expansion in Rajasthan, where it already operates 10 hotels and has six additional properties in the pipeline. Speaking about the development, Mr Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, expressed enthusiasm about strengthening their regional presence. “We are thrilled to expand our presence in Rajasthan, complementing our portfolio of 10 existing hotels and six upcoming properties,” he said.

About Lemon Tree Hotels Limited

Established in 2004, Lemon Tree Hotels Limited (LTHL) is one of the largest hotel chains in India. The company operates across various segments—upscale, upper-midscale, midscale, and economy—offering differentiated hospitality experiences through a range of brands:

• Aurika Hotels & Resorts
• Lemon Tree Premier
• Lemon Tree Hotels
• Red Fox Hotels
• Keys Prima, Select, and Lite by Lemon Tree Hotels 

The group’s current portfolio includes over 210 hotels—comprising 110+ operational properties and 100+ upcoming hotels—spanning metro cities, tier I/II/III towns, and international destinations like Dubai, Bhutan, and Nepal.

Conclusion 

The latest signing in Jaipur highlights Lemon Tree Hotels’ continued expansion strategy in key tourist and business destinations. With operations slated for FY27, the property adds to its growing presence in Rajasthan.

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.