RMC Switchgears Secures ₹320 Crore Rooftop Solar Project in Rajasthan

RMC Switchgears Limited has received a ₹320 crore Letter of Acceptance (LOA) from the Government of Rajasthan to install rooftop solar systems across state government buildings in Jaipur and Dausa. This initiative, executed under the Hybrid Annuity Mode (HAM), marks a significant step in India’s renewable energy expansion.

Project Overview and Financial Impact

The project involves designing, supplying, erecting, and commissioning rooftop solar installations with a total capacity of 50 MW. RMC will also oversee operations and maintenance (O&M) for 25 years, ensuring long-term sustainability. The LOA includes a one-time revenue opportunity of ₹229 crore and recurring revenue of ₹91 crore over the next 25 years, establishing a stable income stream for the company.

Strategic Significance and Future Growth

This contract reinforces RMC’s position in India’s clean energy transition. Rajasthan’s commitment to solar-powered government buildings aligns with RMC’s expansion strategy in Solar EPC and Independent Power Production (IPP). The company’s investment in solar module manufacturing further strengthens execution efficiency and value creation, supporting India’s broader renewable energy objectives.

RMC Switchgears Share Performance 

As of March 17, 2025, at 2:5PM, the RMC Switchgears share price are locked at an upper circuit limit ₹574.65 per share, reflecting a surge of 5% from the previous closing price. Over the past month, the stock has registered a decline of 21.28%

Conclusion

By securing this project, RMC Switchgears strengthens its foothold in the solar energy sector while contributing to India’s clean energy vision. The long-term revenue potential and strategic alignment with national goals make this a milestone achievement for the company.

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.

Will Central Govt Employees Get Their 3 DA Installments Frozen During the Pandemic?

The Confederation of Central Government Employees & Workers has once again brought attention to multiple unresolved demands of government employees and pensioners. Among these, a key issue is the unpaid dearness allowance (DA) arrears that were frozen during the COVID-19 pandemic.

According to a circular issued by the Confederation on March 7, 2025, employees have been persistently demanding the resolution of this issue, along with several other concerns. The government, however, has yet to take any concrete action on these demands.

What Led to the Protest?

On February 8, 2025, the Confederation’s National Executive Meeting decided to organise nationwide protests, including gate meetings and general body meetings on March 10-11. The objective is to create awareness among employees and prepare them for further demonstrations.

The Confederation accuses the government of prolonged inaction and failing to fulfil its obligations towards employees, further intensifying the discontent among workers.

Key Demands of the Confederation

The Charter of Demands presented by the Confederation includes several crucial employee-centric issues:

  1. Formation of the 8th Pay Commission (8th CPC) – The Confederation demands the appointment of a committee, including the chairman, for salary revisions.
  2. Restoration of the Old Pension Scheme (OPS) – The organisation seeks the abolition of the New Pension Scheme (NPS).
  3. Payment of Frozen DA Arrears – Employees demand the release of 3 DA installments withheld from January 2020 to June 2021.
  4. Revision of Pension Deductions – The Confederation wants the deducted pension amount to be restored in 12 years instead of 15 years.
  5. Compassionate Job Appointments – The Confederation demands the removal of the 5% limit on compassionate job appointments and urges the government to employ all eligible applicants.
  6. Filling of Vacant Government Posts – It seeks the immediate recruitment of employees and calls for an end to outsourcing and privatisation in government departments.
  7. Freedom for Employee Unions – The Confederation insists on allowing employee organisations to function democratically without government interference.

Understanding the DA Arrears Issue

Dearness Allowance (DA) is increased twice a year—in January and July—to help employees cope with inflation. However, during the COVID-19 pandemic in 2020, the central government decided to freeze DA hikes for 18 months. This decision affected the wages of millions of government employees and pensioners, leaving them without the benefit of three DA installments.

The employee unions argue that the arrears should be paid since DA is a right, not a privilege. However, the government has consistently refused to release these arrears, citing financial constraints.

Will the Government Pay DA Arrears?

The government has repeatedly declined the demand for DA arrears, asserting that it is not financially viable. It has maintained that:

  • The pandemic-induced economic crisis severely affected government revenues.
  • Funds were diverted towards welfare schemes and economic recovery measures.
  • Fiscal constraints make it impractical to release arrears, given the economic impact of the crisis.

The Modi government has reiterated its stance that arrears for FY 2020-21 cannot be granted due to fiscal spillovers from pandemic-related expenditures.

What Happens Next?

Despite the government’s firm position, the Confederation has vowed to continue its protests. Union leaders have urged employees to participate in meetings and demonstrations to strengthen their demands.

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.

Axis Mutual Fund Withdraws NFO of Axis Nifty500 Momentum 50 ETF

Axis Mutual Fund has officially withdrawn the New Fund Offer (NFO) for the Axis Nifty500 Momentum 50 ETF, which was initially scheduled to be launched on March 13, 2025 and close on March 18, 2025. The announcement was made on 12 March 2025 via a notice issued by Axis Asset Management Company.

This ETF was designed to replicate or track the Nifty500 Momentum 50 Total Returns Index (TRI), an index that identifies stocks demonstrating strong momentum in the market.

No Official Reason Provided for the Withdrawal

While the decision to withdraw the NFO was made public, Axis Mutual Fund has not disclosed any specific reasons for this move. The fund house has also not indicated whether the scheme will be relaunched at a later date.

In such instances, fund houses may reassess their product offerings based on market conditions, regulatory considerations, or internal strategic decisions.

Implications for Momentum-Based ETF Investors

With this NFO no longer available, investors interested in momentum-based ETFs may need to explore other options in the market. The Nifty500 Momentum 50 TRI index tracks stocks with high relative momentum, making it a sought-after category for certain investment strategies.

Existing ETFs that follow momentum-based indices may offer alternatives, though the availability of a direct substitute remains uncertain.

Conclusion

It remains to be seen whether Axis Mutual Fund will reintroduce the NFO in the future or launch a similar scheme. Investors may keep an eye on further announcements from the fund house for any updates regarding the status of the Axis Nifty500 Momentum 50 ETF.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

BSE Sensex Rebounds After Consecutive Losses: Market Trends and Key Factors

After enduring 5 consecutive days of losses between March 7 and March 13, 2025, the BSE Sensex opened on a positive note on March 17, 2025. The index began the session at 73,830.03 and climbed to an intraday high of 74,376.32. However, as of 12:38 PM, the index was seen trading above the 74,000 mark but had pared some gains, maintaining a modest increase of 0.26%.

One of the key reasons for this pullback is the rise in India’s wholesale inflation, which climbed to 2.38% in February 2025. The increase has been attributed to higher prices in food products, textiles, and non-food articles, as per the latest data from the Ministry of Commerce and Industry. This uptick in inflation reflects rising input costs in manufacturing and essential commodities, creating a cautious market sentiment.

Market Breadth and Sectoral Performance

The overall market breadth remained positive, with the advance-decline ratio favouring gainers. As of midday, 17 stocks were trading in the green, while 13 stocks were in the red within the Sensex.

Sectorally, market performance remained mixed. Among the top-performing sectors were:

Conversely, BSE IT and BSE FMCG were the top laggards, both down by 0.50% each, indicating some pressure in technology and consumer segments.

Broader Market Trends and Valuation

Despite the day’s positive opening, the BSE Sensex remains nearly 14% lower than its September 2024 high. On a year-to-date (YTD) basis, the index has declined by 5.40%. Additionally, as of March 13, 2025, the Sensex’s price-to-earnings (PE) ratio stood at 20.55. 

Focus on US Federal Reserve Policy Decision

Looking ahead, global markets and domestic investors will closely track the upcoming US Federal Reserve meeting. The two-day Federal Open Market Committee (FOMC) meeting is scheduled to commence on March 18, with a policy decision expected on March 19.

The Fed has already implemented a cumulative 100-basis-point rate cut since September 2024. However, Fed Chair Jerome Powell has signalled concerns regarding rising tariffs, which could further complicate inflation control measures. With expectations that the central bank will maintain current interest rates, market participants remain watchful of any policy indications that could impact global liquidity and investor sentiment.

Conclusion

The BSE Sensex’s recovery after a losing streak reflects cautious optimism among investors, though rising wholesale inflation remains a point of concern. While sectoral performance is mixed, banking, metals, and power stocks have shown resilience. The upcoming US Fed policy decision will be a crucial event, potentially shaping market movements in the coming weeks. Investors will continue to monitor macroeconomic cues and global developments to assess future market trends.

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.

Nifty50 Reclaims 22,500 Mark as Banking and Financial Stocks Lead the Charge

The National Stock Exchange (NSE) benchmark Nifty50 index opened on a positive note on Monday, March 17, 2025, and at 11:59 AM, it was trading 0.49% higher, crossing the 22,500 threshold. This upbeat momentum came as investor concerns over a potential US government shutdown eased, while anticipation built around the US Federal Reserve’s policy review scheduled later in the week.

Wall Street had ended the previous week on a strong note, with key indices registering gains between 1.7% and 2.6%. The positive sentiment carried over to Asian markets, which were also trading in the green, adding to the optimism in the domestic equities.

Market Breadth Favouring Advances

The market breadth remained skewed towards the gainers, with 33 of the Nifty50 constituents trading in positive territory, while 17 stocks were in the red. Leading the rally were key banking, financial, and IT stocks, including ICICI Bank, Axis Bank, Infosys, and Bajaj Finance.

IndusInd Bank also witnessed notable gains following reassurance from the Reserve Bank of India (RBI), which stated that the private lender’s financial health was stable and under active monitoring. This announcement helped boost investor confidence in the banking sector.

Sectoral Performance: Pharma and Financial Services Shine

Most sectors were trading in positive territory, with the Nifty Pharma and Nifty Financial Services indices emerging as the top gainers, advancing by 1.46% and 1.14%, respectively. The strength in the financial services sector was largely driven by strong performances from major banks and NBFCs.

Meanwhile, the Nifty Metal index also registered gains, rising 0.76%. The rally in metal stocks was fuelled by reports of China’s State Council unveiling a special action plan aimed at boosting domestic consumption. The initiative includes measures such as increasing household income and introducing a childcare subsidy scheme to reduce financial burdens and stimulate spending.

Conclusion 

With the Nifty50 reclaiming the 22,500 level, market participants will closely monitor global macroeconomic cues, particularly the outcome of the US Federal Reserve’s policy decision.

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.

Share Chart: Made for Sharing Market Knowledge with Fellow Traders

At Angel One, we believe knowledge grows when shared. That’s why we’re introducing Share Chart – a seamless, social trading experience that makes collaboration effortless and enhances investment decisions.

Key Benefits of Share Chart

  • Effortless Market Analysis Sharing – Share your trading details directly from any chart with fellow traders.
  • Cross-Platform Accessibility – Share details with non-Angel One users while maintaining interactivity.
  • Seamless Integration – Recipients can open shared data inside their Angel One app with all parameters intact.
  • Interactive Features – Charts remain accessible and functional even outside the Angel One app.
  • Extended Availability – Shared links remain active for 15 days, allowing users to analyze data at their convenience.

Let’s talk a little more about the same!

Effortless Sharing for Smarter Investing

Identified an interesting stock trend? Instead of switching apps and taking screenshots, Share Chartlets you share interactive charts instantly. Recipients can explore stock details, analyze trends, and engage dynamically.

Unlike static images, shared charts allow recipients to adjust timeframes, apply indicators, and gain a deeper understanding in real-time. Even non-users get an interactive preview before signing up, making investing more accessible.

Bridging Social and Professional Trading

For advanced traders, Share Chart simplifies sharing complex analyses. Instead of lengthy explanations, actionable charts provide clarity without jargon. Whether it’s a trendline, moving average, or support level, recipients can engage with data firsthand.

This feature removes barriers between isolated trading and shared data. Investors can collaborate in real-time across WhatsApp, Telegram, Twitter, and beyond.

Building a Connected Investment Community

By integrating real-time data sharing, we’re transforming how investors connect, discuss, and execute trades. The ability to interact with market data fosters informed discussions and builds stronger trading communities.

Share Chart isn’t just about sharing charts – it’s about creating a collaborative, informed, and connected investment experience where knowledge drives smarter decisions.

Disclaimer – Investments in securities markets are subject to market risks, read all the related documents carefully before investing.

This is for educational purposes only

IFSCA Issues Cyber Security Guidelines for Fund Managers in GIFT City

As Gujarat International Finance Tec-City (GIFT City) evolves into a global financial hub, the risk of cyber threats is expected to rise. In response, the International Financial Services Centres Authority (IFSCA) has issued cyber security guidelines, making regulated entities such as Asset Management Companies (AMCs), Portfolio Management Services (PMSs), Alternative Investment Funds (AIFs), and Registered Investment Advisers (RIAs) accountable for cyber security breaches.

The regulator emphasised that cyber security is not merely a requirement but a fundamental pillar for ensuring stability, resilience, and credibility. Here are the key aspects of the guidelines issued by IFSCA for fund management entities operating within GIFT City.

Governance Structure

IFSCA mandates that all regulated entities (REs) must establish a robust governance mechanism with clearly defined roles and responsibilities to manage cyber risks effectively.

  • Each entity must appoint a Chief Information Security Officer (CISO) and a Chief Technology Officer (CTO) responsible for overseeing cyber security measures.
  • These officials should have adequate expertise and knowledge to assess and mitigate cyber threats.
  • Fund management entities must ensure that cyber risk management is a key component of their overall governance framework.

Cyber Security and Resilience Framework

To safeguard financial operations, the IFSCA requires fund management entities to develop a cyber security and resilience framework that can anticipate, withstand, and recover from cyber-attacks.

  • A structured Information Security (IS) Policy must be in place, including an inventory of IT assets and their associated risk assessments.
  • Cyber security measures should incorporate physical security protocols to prevent unauthorised access to critical IT infrastructure.
  • Regular vulnerability assessments and penetration testing (VAPT) must be conducted to identify and mitigate potential weaknesses.
  • Recovery policies and procedures should be implemented to ensure continuity of services in case of severe disruptions.
  • Entities must maintain an audit trail for IT assets to track and monitor security incidents.

Third-Party Risk Management

Given the interconnected nature of financial services, the guidelines stress the importance of managing cyber risks associated with third-party vendors and external partners.

  • A risk-based approach should be adopted for periodic evaluations of third-party vendors.
  • Fund management entities must establish clear communication channels to address any security risks or non-compliance issues with partners.
  • The responsibility for mitigating risks from third parties remains with the regulated entities operating under the IFSCA framework.

Communication and Employee Awareness

IFSCA highlights the importance of internal awareness and training to ensure a cyber-resilient environment.

  • Fund management entities must provide regular training to employees on cybersecurity best practices.
  • Clear and accessible reporting mechanisms should be in place for employees to report suspicious activities or cyber incidents.

Conclusion

As cyber threats evolve alongside the growth of GIFT City’s financial ecosystem, IFSCA’s new guidelines serve as a critical framework for safeguarding digital infrastructure. By enforcing strict governance, risk management, and resilience measures, the regulator aims to ensure the financial sector remains secure, stable, and trustworthy in an increasingly digital world.

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.

Gold Prices Correct from All-Time High, Silver Prices Above ₹1 Lakh: Check Gold and Silver Prices in Your City

On March 17, 2025, gold prices decreased in both international and domestic markets. In the international market, gold prices have cooled off from record high levels and were seen trading down by 0.37% at $2,985.89 as of 11:31 AM.

In India, gold prices decreased by ₹180 per 10 grams in major cities on March 17, 2025, as of 11:31 AM.

The gold rate today in Mumbai for 24-carat gold is ₹8,800 per gram, while 22-carat gold now costs ₹8,067 per gram. The 24-carat gold price is ₹88,000 per 10 grams.

In Delhi, the price of 22-carat gold is currently ₹80,529 per 10 grams, while 24-carat gold is trading at ₹87,850 per 10 grams.

Gold Prices Across Major Indian Cities on March 17, 2025

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

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 88,290 80,933
Hyderabad 88,170 80,823
Delhi 87,850 80,529
Mumbai 88,000 80,667
Bangalore 88,100 80,758

 

Silver Prices in India on March 17, 2025

International silver prices have increased marginally by 0.10% to $33.81 on March 17, 2025, as of 11:31 AM. However, in India, silver prices have decreased by ₹110 per kg.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/KG 
Mumbai 1,00,590
Delhi 1,00,410
Kolkata 1,00,510
Chennai 1,00,940

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have decreased across major Indian cities. Gold prices in international markets have also declined.
  • Silver Prices: Silver prices have increased in the international market, whereas in the domestic market, they have decreased. However, silver is still trading above the ₹1 lakh mark in India.

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 a One-Time Investment of ₹16.7 Lakhs Can Grow into ₹5 Crore for Retirement

Retirement is a phase of life where financial security can remove the stress of monetary dependence. A well-planned corpus ensures that retirees live on their own terms, free from financial worries. However, achieving this level of security requires meticulous planning and timely investments.

One of the key advantages of early retirement planning is the power of compounding. The earlier one starts, the longer the investment has to grow, significantly boosting the retirement fund. But how much is required to build a comfortable retirement corpus? Let’s explore.

Understanding the ₹5 Crore Retirement Corpus

Let’s analyse two scenarios where an investor starts at the age of 30, aiming for a ₹5 crore corpus with an annual return of 12%.

Scenario 1: Retiring at 55 (25 Years of Investment)

  • Current Age: 30
  • Retirement Age: 55
  • Investment Duration: 25 years
  • Expected Annual Return: 12%
  • Required One-Time Investment: ₹29.41 lakhs

In this case, to accumulate a ₹5 crore corpus by 55, an investor would need to make a lump sum investment of ₹29.41 lakhs today.

Scenario 2: Retiring at 60 (30 Years of Investment)

  • Current Age: 30
  • Retirement Age: 60
  • Investment Duration: 30 years
  • Expected Annual Return: 12%
  • Required One-Time Investment: ₹16.7 lakhs

If an investor extends their retirement age to 60, the required one-time investment drops significantly to ₹16.7 lakhs. The additional 5 years of compounding makes a substantial difference in wealth accumulation.

Key Takeaways from the Scenarios

  1. Time is the greatest asset – The earlier the investment, the lower the capital required to achieve the same goal.
  2. Compounding plays a crucial role – Even five extra years can reduce the required initial capital drastically.

Final Thoughts

Retirement planning is an essential part of financial well-being. While a one-time investment of ₹16.7 lakhs can grow into ₹5 crore in 30 years, the key lies in starting early, being disciplined, and leveraging compounding.

Each investor should assess their financial goals, risk tolerance, and retirement timeline before deciding on an investment strategy. With the right approach, financial independence in retirement can be a reality rather than a dream.

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.

Transformers and Rectifiers Share Surge on ₹726 Cr Order from GETCO

Transformers and Rectifiers (India) Limited (TARIL) has recently obtained major domestic orders from Gujarat Energy Transmission Corporation Limited (GETCO). The orders total ₹726 crore, inclusive of GST, marking a notable development for TARIL.

As of 12:31 PM on March 17, Transformers and Rectifiers (India) Ltd is trading at ₹391.55, up 4.62% today, but down 38.05% over the past six months and 46.48% in the past year.

Order Details

As per the disclosed details, TARIL will supply auto transformers and bus reactors as part of the new orders. The company will handle manufacturing and related tasks associated with these transformers and reactors. The orders were awarded by GETCO, a domestic entity, and are required to be completed within a period of 18 months from the date the Letter of Intent (LOI) was issued.

According to the official communication made to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), TARIL confirmed that the awarded contract is purely domestic. The regulatory filing clearly outlines the execution timeline –18 months to deliver the complete scope of work.

Transaction Details

The disclosure emphasized transparency regarding the relationships between TARIL and GETCO. It was clarified explicitly that neither TARIL’s promoters nor its promoter group or associated companies have any interest or stake in GETCO. Additionally, this transaction is not classified as a related party transaction, as it falls within the regular operational scope of business for TARIL.

Background

Transformers and Rectifiers (India) Limited operates out of Ahmedabad, Gujarat, and holds the distinction of being the second-largest transformer manufacturer in India based on capacity. The company specializes in power, distribution, furnace, and speciality transformers. With approximately 1,200 employees, TARIL operates three manufacturing facilities in proximity to Ahmedabad, Gujarat.

Conclusion

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was officially submitted on 17th March 2025 to both the BSE and NSE, maintaining adherence to required regulatory practices and corporate governance norms.

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.