Budget 2025: Space Sector Seeks PLI, Tax Relief, and Boosted Funding

India’s space sector has outlined its expectations for the Union Budget 2025-26, set to be announced on February 1, 2025. Industry leaders are calling for government support through tax reforms, incentives, and increased funding to boost innovation and growth.

Production-Linked Incentive (PLI) Scheme for Space Startups

The space industry is urging the government to introduce a PLI scheme to encourage local manufacturing and infrastructure development. Awais Ahmed, CEO of Pixxel Space, emphasised the importance of incentivising companies to establish production facilities for satellites and space technologies.

Tax Cuts and Import Exemptions

The Indian Space Association (ISpA) has requested tax holidays, import duty exemptions, and lower GST rates to support the private space sector. Lt Gen A K Bhatt (retd), Director General of ISpA, highlighted the need for fiscal relief to encourage private sector participation.

Increased Budget Allocation for Space-Based Applications

The sector is pushing for higher budgetary allocations for departments using space applications. For instance, the Ministry of Road Transport aims to leverage satellite data for toll collection. Experts are also hoping for significant funding to support science and space missions.

Focus on Defence and Strategic Space Initiatives

The government has approved a 52-satellite constellation for the defence sector, with 31 satellites to be built by private companies. The Satcom Industry Association (SIA-India) has called for a budget increase to ₹40,000-50,000 crore to bridge funding gaps with nations like Japan and China.

Priority Areas for Development

SIA-India President Subbarao Pavuluri emphasised the need for funding in key areas such as:

  • Advanced satellite technologies
  • Space mining
  • Cybersecurity for space systems
  • Reusable launch technologies
  • Quantum satellite communication
  • Green propulsion systems

Export Incentives and Strategic Agreements

To boost global competitiveness, SIA-India has suggested strategic bilateral agreements, tax credits, and export incentives for Indian satellites and launch services.

Space Cybersecurity Framework

SIA-India has proposed the creation of a dedicated space cybersecurity framework, supported by real-time threat intelligence platforms and R&D funding. This framework would align with global standards to ensure space system security.

Space Economy Task Force

The establishment of a Space Economy Task Force within the Finance Ministry is another key demand. This body would align fiscal policies with a 30-year growth plan and introduce measures like R&D subsidies to accelerate sector growth.

India’s space industry sees Budget 2025 as a critical opportunity to secure the resources and incentives needed to establish itself as a global leader in space exploration and technology.

Explore Deloitte India’s insights on Union Budget 2025-26 expectations. Read more here.

 

 

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.

Nava Ltd Stock Split: Record Date Today, January 20, 2025

Today is the last day to buy shares of Nava Ltd to qualify for stock splits, as the record date is Monday, January 20.

To be eligible for the stock splits, shareholders must purchase the shares at least one day before the ex-date, as the settlement occurs the following day. Those who buy the shares on the ex-date will not be eligible for dividends, stock splits, or bonus issues.

Since the T+1 settlement system was introduced, the ex-date and record date typically fall on the same day, unless there’s a stock market holiday on the record date.

Details of the Stock Splits

Nava Ltd’s board has approved a stock split in a 1:2 ratio for shareholders, meaning each shareholder will receive 2 shares for every 1 share they hold. This decision was made through a postal ballot process in December 2024.

The company has set Monday, January 20, 2025, as the record date to determine the eligibility of shareholders for the stock split. Shareholders will receive 2 equity shares of ₹1 each for every existing share of ₹2.

Previous Stock Split

This will be the second stock split for Nava Ltd. The company had previously split its shares in August 2005, reducing the face value from ₹10 per share to ₹2 per share.

Nava Limited Q2 FY25 Results 

Nava Limited reported strong financial results for Q2 FY25, with consolidated Profit After Tax (PAT) of ₹331.9 crore. Standalone PAT for the quarter reached ₹146.1 crore, boosted by a US$10 million dividend from its subsidiary. Despite maintenance outages at Odisha power plants, the energy division saw improved profitability, while the metals division benefited from strong realisations and product diversification. The company’s revenue grew by 21.3%, with EBITDA increasing by 242%. Additionally, MEL started its 300 MW Phase II project and began clearing overdue liabilities.

About Nava Bharat Ventures Ltd

Nava Bharat Ventures Ltd was founded in 1972 as a manufacturer of ferro alloys in India. Today, it is a multinational company with operations in India, Southeast Asia, and Africa, and is involved in various sectors such as metals manufacturing, power, mining, agribusiness, and healthcare.

Nava share price is currently trading at ₹432.75, down by ₹1.10 (0.25%) as of 11:15 AM on January 20. The stock opened at ₹433.80, reached a high of ₹438.70, and a low of ₹430.55. The market capitalisation stands at ₹6.38K crore, with a P/E ratio of 5.50 and a dividend yield of 1.62%. The stock’s 52-week high is ₹1,347.80, and its 52-week low is ₹430.55.

 

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.

Wipro Share Price Surge Over 6% After Strong Q3 FY25 Earnings

Wipro share price is currently trading at ₹301.25, up by ₹19.30 (6.85%) as of 10:37 AM on January 20. The stock opened at ₹302.00, reached a high of ₹305.40, and a low of ₹296.95. 

Wipro Reports 24.48% YoY Growth in Q3 FY25 Net Profit

Wipro posted a 24.48% year-on-year increase in consolidated net profit for the December 2024 quarter, reaching ₹3,353.8 crore, up from ₹2,694.2 crore in the same quarter last year. The company’s revenue rose by 0.51% to ₹22,318.8 crore in Q3 FY25, compared to ₹22,205.1 crore in Q3 FY24.

Large Deal Bookings and Margin Growth

Wipro secured large deal bookings worth $961 million, marking a 6% increase in constant currency terms compared to the previous year. The company’s IT services operating margin rose by 1.5% year-on-year to 17.5%, the highest in three years.

Strong Execution Despite Seasonally Weak Quarter

Wipro’s CEO, Srini Pallia, emphasised strong performance despite the seasonally weaker quarter. The company closed 17 large deals valued at $1 billion, continuing to invest in talent and focusing on leading clients through an AI-driven future.

Interim Dividend

Wipro declared an interim dividend of ₹6 per equity share. The company also announced a revised capital allocation policy, committing to a 70% or higher payout over a 3-year period. 

 

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.

RBL Bank Q3 FY25 Earnings: Profit Falls 86% to ₹32.6 Crore, Deposits Grow 15% to ₹1.07 Lakh Crore

RBL Bank released its financial results for the October-December quarter of FY25 on January 18, reporting an 86% drop in net profit to ₹32.6 crore, compared to ₹233.1 crore in the same quarter last year. The steep decline was primarily due to higher provisions during the period.

Net Interest Income (NII) Sees Modest Growth

The bank’s net interest income (NII) grew by 3% year-on-year (YoY) to ₹1,585 crore in Q3FY25, compared to ₹1,546 crore in the same period last year. For the 9 months ending December 2024, NII rose 10% YoY to ₹4,900 crore, while the net interest margin (NIM) for the quarter stood at 4.90%.

Provisions and Slippages Increase Significantly

Provisions nearly doubled to ₹1,189 crore in Q3FY25 from ₹458 crore in Q3FY24. Slippages in the microfinance (MFI) book rose sharply to ₹535 crore, compared to the usual range of ₹125-150 crore, due to borrower over-leverage and historical challenges.

Asset Quality Shows Mixed Trends

  • Gross NPA Ratio rose slightly to 2.92% from 2.88% in the previous quarter but improved from 3.12% YoY.
  • Net NPA Ratio improved to 0.53% from 0.79% in the previous quarter and 0.80% YoY.
  • Gross NPAs in absolute terms increased to ₹2,701 crore, while net NPAs fell to ₹481.64 crore from ₹697.51 crore in the previous quarter.

Strong Growth in Deposits and Advances

The bank recorded a 15% YoY growth in total deposits, reaching ₹1.07 lakh crore, with CASA deposits rising 12% to ₹35,022 crore. Granular deposits (below ₹3 crore) grew 20% YoY to ₹53,719 crore, forming over 50% of total deposits.

Net advances grew 13% YoY to ₹90,412 crore, driven by a 19% rise in retail advances to ₹55,199 crore.

  • Housing loans: Up 33% YoY
  • Rural vehicle finance: Up 30% YoY
  • Commercial banking advances: Up 21% YoY

Other Highlights

  • Other income surged 38% YoY to ₹1,073 crore, with core fee income growing 19% to ₹871 crore.
  • The bank earned a net gain of ₹144.15 crore from selling a 10% stake in DAM Capital.
  • Capital adequacy ratio stood at 15.4%.
  • The credit card segment, where the bank has significant exposure, reported net slippages of ₹533 crore.

RBL Bank share price is trading at ₹152.95, down by ₹2.17 or 1.40% as of 9:47 AM IST on January 20. The stock opened at ₹146.10, reached a high of ₹154.15, and a low of ₹146.10.

 

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.

Upcoming IPOs This Week: 1 Mainboard and 3 SME IPOs Open for Subscription

As January 2025 progresses, the IPO market is becoming increasingly active. While investors remain focused on Q3 earnings, several IPOs are set to open for subscription, offering diverse investment opportunities. This week, from January 20 to January 25, features one mainboard IPO, three SME IPOs, and multiple ongoing issues. Here’s a detailed breakdown.

Upcoming IPOs This Week in January 2025

  • Mainboard IPO: Denta Water IPO

Denta Water IPO, the mainboard offering, will open for subscription from January 22 to January 24. Established in 2016, the company specialises in water management infrastructure, particularly groundwater recharge projects. The IPO has an issue size of ₹220.50 crore with a fixed price of ₹294 per share. Managed by SMC Capitals, the IPO will be listed on BSE and NSE on January 29. 

SME IPOs

  • CapitalNumbers Infotech IPO

CapitalNumbers Infotech IPO will be open for subscription from January 20 to January 22. This IT and software services company offers web development and digital marketing solutions. The IPO includes a fresh issue of ₹84.69 crore and an offer for sale of an equivalent amount, with a price band of ₹250–₹263 per share. 

  • Rexpro Enterprises IPO

Rexpro Enterprises IPO will be open from January 22 to January 24. This fixed-price issue is priced at ₹145 per share, with a total issue size of ₹53.65 crore. The company is involved in manufacturing furniture and fixtures for retail businesses. 

  • GB Logistics IPO

GB Logistics IPO will open for subscription from January 24 to January 28. The company specialises in logistics and transportation. This book-built issue comprises 24.58 lakh shares, but the price band is yet to be announced. 

 

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.

Stocks to Watch on January 20, 2025: Wipro, Tech Mahindra, Kotak Bank, Tata Motors, and More

Indian stock markets are likely to be impacted on Monday, as indicated by GIFT Nifty futures trading 19 points higher than Nifty50 futures at ₹23,296. On Friday, the markets ended in rthe ed, with the BSE Sensex dropping 423 points (0.55%) to ₹76,619.33 and the Nifty50 falling 108 points (0.47%) to ₹23,203.20.

Here are the key stocks to keep an eye on today:

  • Wipro

Wipro reported a Q3 net profit of ₹3,354 crore, up from ₹3,209 crore in the previous quarter. Revenue stood at ₹22,319 crore, and EBIT rose to ₹3,864 crore, with improved margins at 17.31%. The company announced an interim dividend of ₹6 per share.

  • Tech Mahindra

Tech Mahindra saw a decline in Q3 net profit to ₹983 crore from ₹1,250 crore in the previous quarter. Revenue was flat at ₹13,290 crore, but EBIT improved to ₹1,357 crore, with margins rising to 10.21%. The company secured $745 million in new deal wins.

  • Kotak Mahindra Bank

Kotak Mahindra Bank posted a 10% Y-o-Y rise in Q3 net profit to ₹3,300 crore. Interest income increased to ₹13,400 crore, and GNPA remained stable at 1.50%, while NNPA improved to 0.41%.

  • ICICI Lombard General Insurance

ICICI Lombard General Insurance recorded a 68% Y-o-Y surge in Q3 net profit to ₹724 crore. Revenue rose to ₹5,045 crore, and the combined ratio improved to 102.7%.

  • Indian Hotels

Indian Hotels reported a Q3 net profit of ₹582 crore, up from ₹452 crore Y-o-Y and ₹555 crore Q-o-Q. Revenue increased to ₹2,533 crore, and EBITDA margins improved to 37.97%.

  • Tata Motors

Tata Motors unveiled the Harrier EV at the Auto Expo 2025 and announced plans to install 500 EV chargers across 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.

Denta Water IPO Opens Jan 22: Price Band Set at ₹279-₹294

Denta Water and Infra Solutions IPO has announced that its IPO will open for subscription on January 22 and close on January 24. The price band for the IPO is set between ₹279 and ₹294 per share.

IPO Size and Allocation

The IPO involves a fresh issue of 75 lakh equity shares, amounting to ₹220.5 crore at the upper price band.

  • 50% of the shares are reserved for QIBs (Qualified Institutional Buyers).
  • 35% are set aside for retail investors.
  • The remaining 15% is allocated to non-institutional investors.

Investors can bid for 50 shares and in multiples of 50 shares thereafter.

Use of IPO Proceeds

The company intends to allocate ₹150 crore from the IPO proceeds for working capital needs, with the rest directed towards general corporate expenses.

About Denta Water and Infra Solutions Ltd

Founded in 2016, Denta Water specialises in water Engineering, Procurement, and Construction (EPC) services.

  • The company has successfully completed 32 water management projects, which include:
    • 11 projects as the main contractor.
    • 1 project under a consortium/joint venture.
    • 20 projects under sub-contract arrangements.

Lead Manager

SMC Capitals is the book-running lead manager for the IPO. 

 

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.

Closing Bell: Markets Snap Winning Streak; Sensex Drops 403 Points on January 17, 2025

On January 17, 2025, the Sensex ended its 3-day winning streak, closing 403.24 points (0.52%) lower at 76,639.58. During the day, the index moved between a high of 77,069.19 and a low of 76,263.29.

The NSE Nifty50 also ended in the red, dropping 108.60 points (0.47%) to close at 23,203.20. The index hit a high of 23,292.10 during the session, with the day’s low at 23,100.35.

Top Gainers and Losers

Reliance Industries, BPCL, Hindalco, and Coal India were among the top gainers on Nifty50. On the other hand, Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, and Wipro led the losses, with Wipro declining the most by 5.75%.

Sectoral Performance

The sectoral markets had a mixed outcome. Nifty IT and Private Bank indices were the biggest losers, each dropping by over 2%. Bank Nifty and Financial Services indices also ended lower, falling by more than 1% each. On the brighter side, Nifty FMCG, Metal, OMCs, and Realty indices saw gains, with increases of up to 1.56%.

Oil Prices

As of January 17, 2025, at 03:40 PM, Brent Crude was trading at $81.54, up by 0.31%.

 

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.

Super Senior FDs Now Offering Up to 9.25% Interest – Compare Rates!

Banks are introducing attractive fixed deposit (FD) schemes for senior and super-senior citizens to help them maximise returns. Leading banks like SBI, HDFC Bank, and IDBI Bank have revised their FD rates to offer higher interest for individuals aged 60 and above, especially those over 80 years old.

Top FD Interest Rates for Super Senior Citizens

Bank Interest Rates Tenure
City Union Bank 8.10% 333 Days
RBL Bank 9.25% 500 Days
Bank of Baroda 7.90% 400 Days
Bank of India 7.95% 400 Days
Canara Bank 8.00% 3 to less than 5 years
Indian Bank 8.05% 1 to 375 days
Indian Overseas Bank 8.05% 444 Days
Punjab National Bank 8.05% 400 Days
Punjab & Sind Bank 8.10% 555 Days
Union Bank of India 8.05% 456 Days

 

Special Schemes for Super Seniors

  • IDBI Bank: Launched the “Chiranjeevi-Super Senior Citizen FD” for individuals aged 80+ with rates ranging from 7.85% to 8.05% (effective January 13, 2025).
  • SBI: Introduced the “SBI Patrons Term Deposit” offering 10 bps higher than the rates for senior citizens.

Why Super Senior Citizen FDs Are Beneficial?

  1. Higher Interest Rates: Super seniors enjoy an additional 0.5% to 0.75% interest above the regular FD rates.
  2. Safety and Guaranteed Returns: Fixed deposits offer a secure investment option with assured returns.
  3. Flexible Tenures: Choose a tenure based on your financial goals—short-term FDs provide liquidity, while long-term FDs offer higher rates.

Key Considerations for Super Senior Citizen FDs

  • Premature Withdrawal

Check the bank’s penalty policy for early withdrawals. Premature withdrawal could reduce the effective interest earned.

  • Tax Implications

Interest earned on FDs is taxable. However, under Section 80TTB, super senior citizens can enjoy tax-free interest up to ₹50,000 per year. Plan FDs to optimise tax benefits.

  • Cumulative vs Non-Cumulative FDs

Cumulative FDs: Interest is reinvested and paid at maturity, which is ideal for long-term goals.

Non-Cumulative FDs: Interest is paid regularly and is suitable for those needing steady income.

  • Nomination Facility

Always assign a nominee for your FDs. This ensures a smooth transfer of funds to beneficiaries in unforeseen circumstances.

  • Online vs Offline FDs

Opening FDs online is convenient and often provides better rates. Before proceeding, ensure the bank’s online platform is user-friendly.

 

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.

Why is the Indian Stock Market Falling Today? Here Are 5 Key Reasons

After 3 consecutive days of gains, the Indian stock market faced significant selling pressure on Friday, with both the Nifty 50 and BSE Sensex falling sharply. 

On January 17, 2025, Indian stock markets were trading lower on Friday due to weak global signals. By 12 PM, the BSE Sensex had fallen by 546.63 points, or 0.71%, to 76,496.19, while the Nifty 50 was down by 143.20 points, or 0.61%, at 23,168.60.

Here are five main factors behind this decline:

1. Economic Uncertainty Due to US Politics

The uncertainty surrounding the potential return of Donald Trump as US President has raised concerns. Countries that heavily rely on trade with the US, like China and Japan, may face challenges. 

2. Cautious Sentiment Amid Q3 Results Season

Investors are cautious due to weaker-than-expected Q3 results from Infosys and ongoing selling in the banking sector. Even though good Q3 results are expected from Indian banks, these concerns are making investors hesitant.

Also Read More About What is Stock Market?

3. Rising US Dollar and Bond Yields

The US dollar remains strong, and US bond yields are on the rise. As a result, investors are moving their money from equities and other assets to US bonds and the currency market, causing a drop in the Indian stock market.

On January 17, as of 12:24 PM, the US dollar weakened as traders evaluated mixed economic data and speculated on potential Fed rate cuts. The dollar index fell 0.05% to 108.98. Bond yields also dropped, with the 10-year yield down to 4.615%, the 30-year at 4.8556%, and the two-year yield at 4.239%.

4. Selling by Foreign Institutional Investors (FIIs)

Foreign investors are selling in Indian markets due to attractive returns in US bonds and currency markets. Meanwhile, domestic institutional investors (DIIs) are holding off on buying and waiting for the Union Budget 2025. This has contributed to the downward trend in Indian stocks.

5. Uncertainty About US Fed Rate Cuts

The uncertainty over when the US Federal Reserve will cut interest rates is also affecting the Indian market. Despite a slowdown in US inflation, the Fed has indicated that it won’t lower rates until inflation concerns ease. This uncertainty is preventing domestic investors from buying stocks and counteracting the foreign selling pressure.

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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.

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