Oberoi Realty Share Price in Focus As It Falls 5%, Hits 7-Month Low

Oberoi Realty share price dropped 5% to a 7-month low of ₹1,561 on Thursday following a Supreme Court ruling. The court asked the Maharashtra government to clarify the environmental status of Sahara’s 106-acre plot in Versova, Mumbai. It decided not to review the bids at this time and ordered the return of Oberoi Realty’s ₹1,000 crore deposit.

Supreme Court Decision Affects Oberoi Realty

At 10:45 AM, Oberoi Realty’s stock was trading 2% lower at ₹1,605, while the BSE Sensex rose by 0.64%. The company’s share price has fallen 34% since hitting a record high of ₹2,349.80 in December 2024. The Supreme Court is seeking clarification on whether the land is fully or partially a mangrove forest. It is considering either a joint venture or an outright sale to settle Sahara’s pending dues.

Impact of the Land Deal on Oberoi Realty

The ruling has caused a negative sentiment for Oberoi Realty, as the land presented significant business opportunities. The stock has declined by nearly 30% in less than 2 months due to an overall market correction. 

Mixed Earnings Report and Market Underperformance

Oberoi Realty has underperformed the market recently, falling 22% in the past month after reporting mixed earnings for Q3FY25. The company’s presales were ₹1,900 crore, up 33% QoQ and 144% YoY. Sales in the 360 West project were slower than expected, and other projects faced challenges due to price hikes and limited high-floor inventory.

Looking Ahead: New Developments and Growth Potential

Oberoi Realty is set to launch a new tower in its Borivali project in Q4FY25, with a soft launch expected between mid-February and early March. The company plans to enter new markets like Gurugram, Worli, Tardeo, and Peddar Road in Mumbai, which will contribute a gross development value (GDV) of ₹24,000 crore.

About Oberoi Realty Ltd

Oberoi Realty Ltd, based in Mumbai, is a real estate development firm and a key part of the Oberoi Realty Group. It specialises in residential, office space, retail, hospitality, and social infrastructure projects.

 

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.

New Income Tax Bill 2025: What’s Changing and What Remains the Same

Union Finance Minister Nirmala Sitharaman will present the Income Tax Bill 2025 in Parliament today. The bill aims to simplify tax laws, remove outdated provisions, and make tax compliance easier. If approved, it will replace the Income Tax Act of 1961 and take effect from April 1, 2026.

The bill will then be reviewed by the Parliamentary Standing Committee on Finance, which will hold consultations before it becomes law.

Key Changes in the New Tax Bill

  • Shorter and Simpler Tax Law

The new bill is 201 pages shorter than the existing tax law. The Income Tax Act 1961 currently spans 823 pages, but the new bill will reduce it to 622 pages, making it easier to understand.

  • Introduction of ‘Tax Year’

The term Assessment Year (AY) will be replaced with Tax Year to avoid confusion. For newly established businesses, the tax year will start from the date of their setup.

  • Clarification on Business Taxes

The bill resolves uncertainties around Sections 44AD, 44AE, and 44ADA, which deal with presumptive taxation for businesses and professionals. It introduces the term “profit claimed to have been actually earned” to clarify income computation.

  • New Income Tax Slabs (Proposed)

Annual Income (₹) Tax Rate (%)
Up to ₹4,00,000 No Tax
₹4,00,001 – ₹8,00,000 5%
₹8,00,001 – ₹12,00,000 10%
₹12,00,001 – ₹16,00,000 15%
₹16,00,001 – ₹20,00,000 20%
₹20,00,001 – ₹24,00,000 25%
Above ₹24,00,000 30%

Additionally, under Section 87A, salaried individuals earning up to ₹12 lakh annually will not have to pay income tax due to rebates announced in the Union Budget 2025.

Key Taxation Updates

No Changes in Tax Categories

The bill keeps the 5 existing tax heads unchanged:

  1. Salaries
  2. Income from House Property
  3. Business/Profession
  4. Capital Gains
  5. Other Sources

Deductions for Salaried Individuals

  • Standard Deduction: ₹50,000 or salary amount, whichever is lower.
  • Employment Tax & Gratuity (as per the Gratuity Act, 1972): Fully deductible.
  • Other Gratuity Deductions: Capped at ₹75,000.

Pension and Compensation

  • Government, Defence, and Civil Service Pensions: Fully deductible.
  • Retrenchment Benefits: Deduction limit of ₹50,000.
  • Voluntary Retirement Benefits: Deduction capped at ₹5,00,000.

Other Major Changes

Higher Business Threshold for Presumptive Taxation

  • For businesses: The turnover limit for opting for presumptive tax under Section 44AD has increased from ₹2 crore to ₹3 crore.
  • For professionals: The limit under Section 44ADA has increased from ₹50 lakh to ₹75 lakh.

Taxation on Virtual Digital Assets (VDAs)

  • Cryptocurrencies and other virtual digital assets (VDAs) will now be classified as taxable assets, similar to property, jewellery, and stocks.

Tax Audit Rules

  • Tax audits will continue to be conducted by Chartered Accountants (CAs).
  • Company Secretaries (CS) and Cost Accountants (CMAs) are not authorized for tax audits.

No Major Changes in Capital Gains Tax

  • Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) tax rules remain largely unchanged except for any specific amendments in the Union Budget.

What Stays the Same?

  • ITR filing deadlines remain unchanged.
  • The old tax regime is still available, even though the new tax regime is now the default.
  • The bill aims to reduce tax disputes, simplify compliance, and modernize tax administration.

This new Income Tax Bill aims to simplify and streamline taxation, ensuring transparency and clarity in tax laws.

 

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.

IFCI Q3 FY25 Loss Widens 486% to ₹59 Crore, NII Falls 21%

IFCI Limited, a state-owned non-banking financial company (NBFC), reported a sharp increase in its net loss for the October-December quarter of the financial year 2024-25. IFCI  posted a net loss of ₹59 crore, a 486% rise compared to a net profit of ₹10.06 crore in the same period last year.

Drop in Net Interest Income

Net interest income (NII), which is a key revenue source for non-deposit-taking lenders, declined by 21% year-on-year. It fell to ₹80 crore in Q3, down from ₹101 crore in the corresponding quarter last year.

Revenue Decline

IFCI’s total revenue from core operations decreased by 10% to ₹193 crore, compared to ₹215 crore in the same quarter a year ago, as per its BSE filing.

About IFCI

IFCI, formerly known as the Industrial Finance Corporation of India, is a development finance institution owned by the Ministry of Finance, Government of India. Founded in 1948 as a statutory corporation, it is now a publicly listed company on BSE and NSE. IFCI operates with seven subsidiaries and one associate.

IFCI share price is currently trading at ₹48.91, down 0.16% today. The stock opened at ₹47.85, reaching a high of ₹49.27 and a low of ₹47.20. It has a market capitalisation of ₹12,780 crore and a P/E ratio of 96.91. The 52-week high stands at ₹91.40, while the 52-week low is ₹35.80. Over the past year, IFCI Ltd has declined by 12.55%, but in the last five years, it has surged by 696.10%.

 

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.

GE Power India Posts ₹18.5 Crore Loss in Q3 FY25 on Rising Costs

GE Power India Ltd (GEPIL) reported a consolidated loss of ₹18.5 crore for the December quarter of 2024-25, mainly due to higher expenses. In the same period last year, the company had posted a profit of ₹37 lakh.

Income and Expenses

Total income increased to ₹344.2 crore, up from ₹313.1 crore in the previous year. However, expenses also rose to ₹336.4 crore, compared to ₹304.6 crore last year.

Order Backlog and Key Wins

The company ended the quarter with an order backlog of ₹2,706 crore, which is a 69% increase from ₹1,600.8 crore a year ago. A major highlight was the win of a ₹348 crore contract from NTPC Limited for upgrading the Vindhyachal Steam Turbine.

About GE Power India Ltd

GE Power India Ltd is involved in the engineering, procurement, and construction (EPC) of essential equipment for thermal and hydro power plants. It is a prominent player in India’s power generation equipment sector.

GE Power India share price (NSE: GEPIL) is currently trading at ₹249.00, down by ₹4.00 (1.58%) as of 10:12 AM IST on February 13. The stock opened at ₹248.15, reached a high of ₹249.35, and a low of ₹240.30. The 52-week high stands at ₹646.00, while the 52-week low is ₹230.50.

 

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.

Adani Group Secures $207 Million Loan for Australian Coal Port

Adani Group has secured a private credit loan of about A$330 million ($207 million) for its coal port unit in Northern Queensland, Australia. The loan will be used to refinance debt maturing in June, according to sources familiar with the deal.

Lenders Involved

King Street Capital Management and Sona Asset Management are providing the 6-year loan to Adani’s North Queensland Export Terminal Pty. While representatives from Adani and King Street did not comment, Sona Asset declined to respond.

Adani’s Financial Recovery

Securing new debt highlights Adani Group’s recovery after its chairman, Gautam Adani, was indicted in the U.S. over a bribery case in November. Despite an initial drop, the group’s stocks and bonds have regained value.

Adani’s History with Private Credit

Adani has relied on private credit before. Last year, Farallon Capital Management and King Street extended a A$500 million loan to the company.

About North Queensland Export Terminal

The North Queensland Export Terminal, leased for 99 years from the Queensland state government in 2011, is part of Bravus Australia, Adani’s energy and infrastructure arm in the country. The Australian Financial Review had previously reported Adani was seeking this loan.

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.

MRF Shares Price In Focus As It Will Trade Ex-Dividend On February 14, 2025

Tyre maker MRF share price is in focus on Thursday as it has set February 14 as the record date to decide which shareholders will get the dividend. The company has announced an interim dividend of ₹3 per share.

This means today is the final chance for investors to buy MRF shares if they want to receive the announced dividend.

Understanding Ex-Dividend and Record Dates

The ex-dividend date and record date are important for receiving dividends. The ex-dividend date is when a stock starts trading without the dividend benefit. Investors must own the stock before this date to qualify for the payout.

The record date is when the companyfinalisess the list of eligible shareholders based on its records.

Financial Highlights

MRF’s net profit fell 38% year-on-year to ₹315.5 crore, compared to ₹509.7 crore in the same quarter last year. However, other income increased by ₹20 crore to ₹98 crore.

The company’s revenue grew 13.6% to ₹7,000.8 crore, up from ₹6,162.5 crore a year ago. EBITDA dropped 21% year-on-year to ₹835 crore, while the EBITDA margin declined by 500 basis points to 12% from 17% in the previous year’s quarter.

About MRF

MRF, also known as MRF Tyres, is India’s largest tyre manufacturer and a multinational company. It is based in Chennai. The name MRF comes from its early days when it was called Madras Rubber Factory.

As of February 13, 9:44 AM IST, MRF share price stands at ₹1,10,036.35, up ₹642.20 (0.59%) for the day. The stock opened at ₹1,10,000, reaching a high of ₹1,10,135.30 and a low of ₹1,09,039.50. MRF has a market capitalisation of ₹46,670 crore, a P/E ratio of 26.62, and a dividend yield of 0.18%. The stock’s 52-week high is ₹1,51,445, while its 52-week low is ₹1,06,335.

Use the Angel One stock trading app to stay ahead of the curve. Download it now to manage your investments and trades.

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.

 

Top Gainers and Losers on February 12, 2025: M&M Falls 3.2%, Bajaj Finserv Gains 2.72% as Markets End Lower

On February 12, 2025, Indian stock markets closed lower after a volatile trading session. The BSE Sensex fell 122.52 points (0.16%) to end at 76,171.08. During the day, it moved between a high of 76,459.72 and a low of 75,388.39.

The NSE Nifty50 also declined, slipping 26.55 points (0.12%) to close at 23,045.25. It touched an intraday high of 23,144.70 and a low of 22,798.35.

Broader markets struggled as well, with both the Nifty Midcap100 and Nifty Smallcap100 indices losing 0.26% each.

Here are the top gainers and losers on February 12, 2024: 

Top Gainers of the Day

Symbol Open High Low LTP %chng
BAJAJFINSV 1,749.00 1,800.85 1,727.25 1,792.25 2.72
SBILIFE 1,427.45 1,466.95 1,407.50 1,448.00 2.04
SHRIRAMFIN 538.55 551.50 527.00 548.6 1.87
HDFCLIFE 618.10 636.90 608.15 628.85 1.66
TATASTEEL 129.35 133.29 128.31 132.25 1.64

Bajaj Finserv

Bajaj Finserv led the gainers, rising 2.72% as it opened at ₹1,749.00, reached a high of ₹1,800.85, and closed at ₹1,792.25.

SBI Life Insurance

SBI Life gained 2.04%, touching a high of ₹1,466.95 before closing at ₹1,448.00.

Shriram Finance

Shriram Finance added 1.87%, opening at ₹538.55 and closing at ₹548.60.

HDFC Life

HDFC Life rose 1.66%, closing at ₹628.85 after touching a high of ₹636.90.

Tata Steel

Tata Steel gained 1.64%, reaching a high of ₹133.29 before settling at ₹132.25.

Top Losers of the Day

Symbol Open High Low LTP %chng
M&M 3,068.55 3,075.00 2,955.10 2,987.10 -3.2
EICHERMOT 4,950.00 5,000.00 4,834.40 4,855.00 -2.36
BEL 264.95 265.75 254 259.4 -2.13
POWERGRID 259.50 262.10 254.00 257.4 -1.55
INDUSINDBK 1,060.45 1,063.95 1,020.25 1,038.00 -1.53

Mahindra & Mahindra (M&M)

M&M led the losers, falling 3.20% after opening at ₹3,068.55 and closing at ₹2,987.10.

Eicher Motors

Eicher Motors declined 2.36%, reaching a low of ₹4,834.40 before closing at ₹4,855.00.

Bharat Electronics Ltd (BEL)

BEL dropped 2.13%, closing at ₹259.40 after touching a low of ₹254.00.

Power Grid Corporation

Power Grid lost 1.55%, closing at ₹257.40 after touching a low of ₹254.00.

IndusInd Bank

IndusInd Bank declined 1.53%, reaching a low of ₹1,020.25 before closing at ₹1,038.00.

 

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

 

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

Income-Tax Bill, 2025 Set to be Introduced in Parliament

The draft Income-Tax Bill 2025, which aims to replace the old Income Tax Act of 1961, will be presented in Parliament on Thursday. This 622-page bill introduces simpler tax terms, updates tax rules, and modernises compliance processes. If passed, the law will come into effect from April 1, 2026.

Simplified Terminology

The new bill will use simpler language, such as replacing ‘Assessment Year’ with ‘Tax Year’ and ‘Previous Year’ with ‘Financial Year.’ The tax year will now match the financial year (April 1 to March 31), making tax calculations easier.

Expanded Tax Regulations

The bill updates tax rules to keep up with changes in the financial world. It includes new definitions for digital transactions, electronic records, and crypto-assets, ensuring that tax laws remain relevant in the digital age.

New Rules for Businesses

For new businesses or income sources, the tax year will start from the business’s setup or income generation date and end on the next March 31. This change will simplify tax filing for startups.

Changes for Financial Institutions

The bill introduces rules for ‘Finance Companies’ and ‘Finance Units,’ which could impact how financial institutions and investors are taxed.

Updated Tax Slabs

Under the new tax regime, the updated income tax slabs are:

  • Income up to ₹4 lakh – No tax
  • Income between ₹4 lakh and ₹8 lakh – 5%
  • Income between ₹8 lakh and ₹12 lakh – 10%
  • Income between ₹12 lakh and ₹16 lakh – 15%
  • Income between ₹16 lakh and ₹20 lakh – 20%
  • Income between ₹20 lakh and ₹24 lakh – 25%
  • Income above ₹24 lakh – 30%

Salary Deductions and Compliance Reforms

The bill keeps the standard deduction of ₹50,000 for salaried individuals under the old tax system. It also allows full deduction for professional taxes paid by employees. A new Taxpayer’s Charter will improve transparency and protect taxpayer rights. Additionally, the bill may classify foreign companies as Indian tax residents, which could impact global businesses in India.

Full Deduction for Government Pension Commutation

Pension commutation under government schemes for civil, defence, and other services will now be fully deductible. This will benefit retired government employees by providing more financial relief.

Key Shift Towards Modernised Tax System

The Income-Tax Bill 2025 represents a major change in India’s taxation system, aiming for a more transparent, efficient, and technology-driven approach to tax compliance. Finance Minister Nirmala Sitharaman introduced this bill during the July Budget session, marking a step towards tax modernisation.

 

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.

Reliance Shares Hit 52-Week Low, Drag Market Down

Reliance Industries share price fell by over 3% on Wednesday, hitting a 52-week low. The shares dropped as much as 3.31%, reaching ₹1,193.65 on the BSE. This marked the fourth consecutive session of decline.

Heavy Selling Pressure and Declining Volumes

Reliance’s shares are under heavy selling pressure, with trading volumes higher than usual. On February 12, around 72 lakh shares were traded, compared to the one-week average of 93 lakh shares. Over the past week, Reliance’s stock has fallen more than 6%, and it’s down over 3% in the last month. On a yearly basis, the stock has dropped by more than 17%.

Impact on Indian Stock Market

Reliance’s decline is also affecting the broader Indian market. The stock has fallen in 5 out of the last 6 trading sessions, dragging down the Sensex, which lost over 800 points on Wednesday. The Nifty 50 also fell by more than 1%, slipping below the 22,900 level.

Market Capitalisation Drops

The overall market capitalisation of BSE-listed companies decreased from ₹408.5 lakh crore to ₹400.5 lakh crore. Investors lost nearly ₹8 lakh crore in just one day.

About Reliance Industries Limited

Reliance Industries Limited is a large Indian company based in Mumbai, Maharashtra. It operates in various industries, including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, media, and textiles.

 

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 Motor to Invest ₹2,000 Crore in Karnataka, Set Up Global Capability Centre

TVS Motor Company (TVSM), a global leader in two- and three-wheelers, has announced a ₹2,000 crore investment in Karnataka over the next five years. As part of this expansion, the company will establish a Global Capability Centre (GCC) in the state. Additionally, it will enhance production and engineering facilities in Mysuru, build a new test track, and develop office infrastructure.

At the Invest Karnataka 2025 Global Investors Meet, TVSM signed a memorandum of understanding (MoU) with the Karnataka government to support these initiatives.

Vision for Innovation

TVS Motor’s Managing Director, Sudarshan Venu, emphasised that the new capability centre will attract top talent and foster innovation. It will serve as a hub for engineers, designers, and experts in artificial intelligence (AI) and machine learning (ML) to develop the next generation of two-wheelers.

“As we move towards our 2030 goals, these initiatives will help create new and impactful solutions for personal and commercial mobility,” said Venu.

Mysuru Facility and Growth Plans

TVSM currently operates a state-of-the-art factory in Mysuru, employing over 3,500 people with an annual production capacity of 1.5 million vehicles. The factory caters to both domestic and international markets, contributing ₹1,200 crore in export revenue from a total of ₹7,600 crore. With the new investment, TVSM aims to double its exports and overall revenue from Mysuru.

Other Manufacturing Facilities

Apart from Mysuru, TVS Motor has two other manufacturing plants:

  • Hosur, Karnataka – Spanning 300 acres on the outskirts of Bengaluru
  • Nalagarh, Himachal Pradesh – Supporting production for northern markets

With these expansions, TVS Motor aims to strengthen its position as the world’s fourth-largest two-wheeler manufacturer, currently serving 58 million customers worldwide.

TVS Motor Company share price is currently trading at ₹2,479.70, down by ₹5.30 (0.21%) as of 1:35 PM on February 12. The stock opened at ₹2,500.00, reached a high of ₹2,502.50, and a low of ₹2,420.00. With a market capitalization of ₹1.18 lakh crore, the company has a P/E ratio of 59.67 and a dividend yield of 0.32%. The 52-week high stands at ₹2,958.00, while the 52-week low is ₹1,873.00.

 

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

 

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