Nifty Weekly Expiry Today: RBL Bank Under F&O Ban on April 24

On April 23, 2025, domestic equities continued their upward momentum. The NSE Nifty ended the session at 24,328.95, rising 161.70 points or 0.67%, while the BSE Sensex gained 520.90 points or 0.65% to close at 80,116.49. Banking and financial stocks were key drivers of the rally.

This week’s Nifty contracts are set to expire on Thursday, April 24, in line with the standard F&O cycle.

Stocks Under F&O Ban on Nifty’s Weekly Expiry Day

Ahead of the Nifty weekly expiry on Thursday, April 24, 2025, the National Stock Exchange (NSE) has placed 1 stock under a trading ban in the futures and options (F&O) segment.

The F&O ban is triggered when the open interest in any stock exceeds 95% of the market-wide position limit (MWPL). While trading in derivatives is restricted, these stocks remain available for trading in the cash market.

The stocks under the F&O ban for April 24 include:

1. RBL Bank

On April 23, 2025, RBL Bank’s share price advanced 1.07% to close at ₹191.67. The stock opened at ₹192.40 and traded between ₹186.01 and ₹192.40 during the day. According to exchange data, 130.05 lakh shares were traded, with a turnover of ₹246.49 crore.

The stock’s current market capitalisation stands at ₹11,645.27 crore, with a price-to-earnings (P/E) ratio of 11.59x. RBL Bank is part of the Nifty 500 index and operates within the Private Sector Bank industry.

Why Are Stocks Under F&O Ban?

The National Stock Exchange (NSE) places stocks under the F&O ban list when the open interest in their derivative contracts exceeds 95% of the market-wide position limit (MWPL). Traders are only allowed to reduce existing positions through offsetting trades. Opening new positions is strictly prohibited and could attract penalties.

Despite the restrictions in the F&O segment, the stocks continue to be available for trading in the cash market.

About Nifty Weekly Expiry Day

Nifty weekly futures and options (F&O) contracts typically expire every Thursday. However, if Thursday is a trading holiday, the expiry is advanced to the previous session. All contracts are settled at the normal market closing time on expiry day.

For individual securities, the same rule applies. In trading platforms like MarketWatch, weekly expiry contracts appear under the monthly contract header during the final week, ensuring consistent classification.

Conclusion

As observed, the F&O ban mechanism acts as a regulatory tool to curb excessive speculation and maintain market stability during high-activity sessions like weekly expiries. With a stock under the ban on April 24, 2025, it’s crucial for traders to monitor open interest levels and comply with exchange guidelines. Staying updated with such developments ensures informed participation in the derivatives segment, especially during periods of heightened market action such as the weekly expiry cycle.

 

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 April 23, 2025: HCLTech Surges, HDFC Bank Declines

On Wednesday, April 23, 2025, Indian equity markets continued their upward rally as IT stocks led the charge, fuelled by strong quarterly earnings and upbeat global cues.

The BSE Sensex surged by 520.90 points (0.65%) to close at 80,116.49, while the NSE Nifty 50 gained 161.70 points (0.67%) to settle at 24,328.95.

Here are the top gainers and losers of the day: 

Top Gainers of the Day

Symbol Open High Low LTP %chng
HCLTECH 1,555.00 1,600.00 1,543.70 1,594.40 7.74%
TECHM 1,418.90 1,449.40 1,408.00 1,442.00 4.76%
TATAMOTORS 635.95 661.5 633.35 658.85 4.44%
WIPRO 237.2 245.35 236.1 243.2 3.87%
INFY 1,446.00 1,487.80 1,439.60 1,476.20 3.75%

1. HCLTech

HCLTech was the top gainer of the day, climbing 7.74% to ₹1,594.40. The stock hit a high of ₹1,600.00 and a low of ₹1,543.70 during the session.

2. Tech Mahindra

Tech Mahindra surged 4.76%, closing at ₹1,442.00 after touching an intraday high of ₹1,449.40 and a low of ₹1,408.00.

3. Tata Motors

Tata Motors rose 4.44% to close at ₹658.85. It opened at ₹635.95, reaching a high of ₹661.50 and a low of ₹633.35.

4. Wipro

Wipro gained 3.87%, ending the session at ₹243.20. It saw an intraday range of ₹236.10 to ₹245.35.

5. Infosys

Infosys also advanced 3.75%, closing at ₹1,476.20, with a high of ₹1,487.80 and a low of ₹1,439.60.

Top Losers of the Day

Symbol Open High Low LTP %chng
HDFCBANK 1,978.90 1,978.90 1,920.50 1,920.70 -2.09%
KOTAKBANK 2,285.00 2,290.00 2,220.00 2,221.40 -2.09%
GRASIM 2,750.10 2,763.90 2,675.10 2,695.00 -1.98%
SBIN 826 831 810.1 813.5 -1.08%
EICHERMOT 5,789.00 5,816.50 5,605.50 5,730.00 -0.93%

1. HDFC Bank

HDFC Bank was the top loser, slipping 2.09% to ₹1,920.70. The stock touched a high of ₹1,978.90 and a low of ₹1,920.50.

2. Kotak Mahindra Bank

Kotak Bank declined 2.09%, closing at ₹2,221.40 after trading between ₹2,290 and ₹2,220.

3. Grasim Industries

Grasim lost 1.98%, ending at ₹2,695.00, having moved between ₹2,763.90 and ₹2,675.10.

4. State Bank of India (SBIN)

SBI dipped 1.08% to ₹813.50, with a session high of ₹831.00 and low of ₹810.10.

5. Eicher Motors

Eicher Motors dropped 0.93%, closing at ₹5,730. It hit a high of ₹5,816.50 and a low of ₹5,605.50.

Conclusion

Markets surged on April 23, 2025, with IT stocks like HCLTech, Tech Mahindra, and Infosys leading the charge. Despite gains, key financial stocks like HDFC Bank and Kotak Bank saw notable declines, tempering broader market exuberance.

Investors continue to watch earnings reports and macroeconomic indicators for cues on near-term market direction.

 

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 ownresearch 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.

Do You Need to Pay 18% GST on Maintenance Charges if the Builder Is Managing the Housing Society?

If your housing society is still managed by the builder and not a formal Resident Welfare Association (RWA), you might be wondering whether Goods and Services Tax (GST) applies to your monthly maintenance charges. It’s a valid concern, especially as tax scrutiny in this area grows. 

Here’s a breakdown of when GST applies, who needs to pay it, and what changes based on who’s managing your society.

When Is GST Applicable on Maintenance Charges?

GST at 18% is levied if both the following conditions are met:

  • Your monthly maintenance fee exceeds ₹7,500 per flat, and
  • The annual turnover of the RWA exceeds ₹20 lakh (or ₹10 lakh in special category states).

If either of these conditions is not satisfied, the maintenance is exempt from GST under Notification No. 12/2017 – Central Tax (Rate). If GST is applicable, it’s charged on the entire amount, not just the amount exceeding ₹7,500.

For example, if you pay ₹9,000 monthly, GST is applied to the full ₹9,000, not just ₹1,500.

Scenario 1: RWA Exists, Builder Collects on Its Behalf

In many societies, the builder continues to manage maintenance even after the RWA is formed. In such cases:

  • The builder acts as a facilitator, collecting money on behalf of the RWA.
  • The RWA is the service provider, and if the exemption criteria are met (₹7,500 per month & ₹20 lakh turnover), no GST is charged to residents.
  • If GST is applicable, it is billed by the RWA, not the builder, even if collected via the builder.

Scenario 2: No RWA Formed, Builder Directly Handles Maintenance

If an RWA or registered society hasn’t been set up yet, and the builder handles all maintenance services:

  • The builder becomes the supplier of services.
  • In this case, GST at 18% is applicable on the full maintenance amount, regardless of the ₹7,500 threshold.
  • Builders do not qualify for the exemption meant for RWAs or co-operative societies.

Even if the builder charges just ₹1,000, GST may still be applicable because the builder is considered a taxable entity under GST law.

Scenario 3: Contractual Clarity Between Builder, RWA, and Residents

If there’s a contract in place stating that the builder is only collecting funds for the RWA, and not actually providing the maintenance services, then the RWA is considered the actual service provider. This can help qualify for the GST exemption, if both exemption conditions are met.

Legal experts stress that clarity in the contractual arrangement is crucial to determine who is responsible for GST.

GST Code Requirement for Builders

If the builder collects maintenance charges, it must:

  • Update its GST registration with SAC Code 995419, which is for “Services involving repair, alterations, additions, replacements, renovation, maintenance or remodelling of the buildings”.

Without this update, builders may not legally be able to charge GST for such services.

Who Pays GST Depends on Who Manages the Society

Whether or not GST applies to your maintenance charges depends on:

  • Who is providing the maintenance service (Builder or RWA).
  • How much you pay monthly.
  • Annual turnover of the managing body.

If your builder is still managing the property and there’s no formal RWA, expect to pay 18% GST on the full maintenance amount, unless regulatory updates say otherwise.

To avoid complications, residents should clarify the arrangement in writing, and ensure their society transitions to an RWA setup as early as possible.

Read More: GST on UPI Over ₹2,000? Here’s What You Need to Know. 

Conclusion

Whether or not you’re liable to pay 18% GST on your housing maintenance charges hinges entirely on who manages your society and how the service is structured. Being proactive now can save you from GST complications later.

 

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.

Paying Rent to Family? Here’s How to Stay Out of the Income Tax Department’s Radar in FY 2025-26

Paying rent to your parents or other relatives and claiming House Rent Allowance (HRA) sounds simple but it’s become a hot topic for the income tax department. With several taxpayers receiving notices recently, it’s clear the I-T department is tightening scrutiny on rent claims, especially when close relatives are involved.

So how can you protect your legitimate HRA claims this year without falling into compliance traps? Here’s a complete explainer, including a key update on cash rent payments and what’s changed from April 1, 2025.

Why Are You Getting Tax Notices?

In recent months, tax authorities have flagged HRA claims where:

  • No rent agreement exists
  • Rent was paid in cash without receipts
  • No TDS was deducted when required (rent > ₹50,000/month)

Even if your claim is legitimate, failing to provide documentary proof could lead to rejection or a demand for clarification.

How to Make Your HRA Claim Bulletproof

1. Always Get a Rent Agreement (If Possible)

Even if the landlord is your parent or relative, get a simple, signed rent agreement with rent amount and terms.

2. Prefer Digital Transfers

Bank or UPI transfers leave a clear audit trail. If you’re paying in cash, ensure you have signed receipts.

3. Deduct 2% TDS 

If you’re paying more than ₹50,000 per month in rent, you must deduct TDS at 2% and deposit it with the government using Form 26QC.

Can I Claim HRA If Rent Was Paid in Cash?

Yes, you can still claim HRA on rent paid in cash, but only under certain conditions:

  • You have signed rent receipts, and
  • Your landlord declares the rent as income in their ITR.

What Changed in FY 2025-26? Key Tax Updates You Should Know

1. New Tax Regime is Now Default

Taxpayers will be auto-enrolled in the new regime unless they opt out. But remember—HRA exemptions are only allowed under the old regime.

2. New Income Tax Slabs (FY 2025-26)

The updated new income tax regime brings significant changes, including a higher tax rate for incomes above ₹24 lakh, which will now be taxed at 30%, compared to the previous threshold of ₹15 lakh. Check new income tax slab below.

Income Range (₹) Tax Rate
₹0 – ₹4,00,000 Nil (0%)
₹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%

3. No Tax for Salaried Individuals Earning Up to ₹12.75 Lakh

In an important update for salaried individuals, those earning a taxable income up to ₹12 lakh (₹12.75 lakh for certain individuals) will not have to pay any tax under the new regime, provided they opt for this tax structure in FY 2025-26. For salaried individuals earning up to ₹12.75 lakh, there will be no tax with a ₹75,000 standard deduction.

Read More: ITR Filing: 6 Ways the New Tax Regime Can Help You Save More in FY2024- 25.

Conclusion

Paying rent to family members and claiming HRA can be a straightforward process, but the increasing scrutiny by the Income Tax Department requires taxpayers to be extra cautious.

To avoid unnecessary tax notices and ensure that your HRA claim is legitimate, always maintain proper documentation, such as signed rent agreements, receipts, and, where applicable, TDS deductions. Digital payment methods are preferred, as they provide an easy-to-trace audit trail.

 

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.

PNC Infratech Emerges as L1 Bidder for Major Flyover Project in Bharatpur, Rajasthan

PNC Infratech Limited, one of India’s leading infrastructure development companies, has added yet another milestone to its portfolio by emerging as the L1 (Lowest Bidder) in a significant road infrastructure project awarded by the Public Works Department (PWD), Rajasthan.

The company has been entrusted with the responsibility of constructing a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City on EPC (Engineering, Procurement, and Construction) mode.

Project Highlights

  • Project Location: Bharatpur City, Rajasthan.
  • Scope of Work: Construction of a major flyover to improve urban connectivity.
  • Execution Model: EPC (Engineering, Procurement & Construction).
  • Project Value: ₹239.94 Crore (Two Hundred Thirty-Nine Crore and Ninety-Four Lakhs).
  • Completion Timeline: 24 months.
  • Awarding Authority: Public Works Department, Rajasthan.
  • Bidding Outcome: PNC Infratech declared L1 (lowest bidder).

This project is poised to significantly enhance transportation infrastructure within Bharatpur city, easing congestion and providing a faster, safer commuting route for thousands of daily travellers.

Governance and Compliance

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, PNC Infratech has made official disclosure of this project.

Additionally, the company has ensured adherence to the SEBI (Prohibition of Insider Trading) Regulations by keeping its trading window closed until 48 hours post the announcement of its financial results for the quarter and year ending March 31, 2025.

Strategic Impact

Securing this project not only boosts PNC Infratech’s project portfolio but also reinforces its presence in the Rajasthan infrastructure development landscape. With no involvement of promoter group companies or related party transactions, this contract reaffirms the company’s integrity and competitive bidding capability.

Share Price Performance

PNC Infratech Limited share price was trading at ₹288.70, up 0.48% at 1:40 PM on the NSE. The stock hit a high of ₹288.70 and a low of ₹276.30 during the session. The stock opened at ₹286.10, slightly above the previous close of ₹279.10.

Read More: Adani Plans ₹10,000 Cr Township Near Navi Mumbai Airport.

Conclusion

By securing a ₹239.94 crore EPC contract as the L1 bidder, the company not only expands its project portfolio but also strengthens its strategic footprint 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.

Varun Beverages Share Price in Focus; Begins Commercial Production at New Prayagraj Facility

Varun Beverages Limited (NSE: VBL), one of PepsiCo’s largest franchise bottlers globally, has announced a significant operational milestone today.

The company has officially commenced commercial production of carbonated soft drinks, juice-based beverages, and packaged drinking water at its new production facility located in Prayagraj, Uttar Pradesh.

Strategic Expansion to Boost Supply Chain

This strategic expansion is expected to further enhance the company’s supply chain efficiency and production capacity in North India, enabling it to better meet the growing demand for its diverse beverage portfolio, especially as the peak summer season approaches.

The facility is poised to cater to increasing consumption in tier-2 and tier-3 cities across the region.

VBL’s Prayagraj Plant: A Key Move to Strengthen Market Position

The Prayagraj plant adds to VBL’s extensive network of production facilities across India and reflects the company’s aggressive investment strategy in high-growth markets.

This expansion not only aligns with VBL’s long-term vision of market penetration and operational optimization but also strengthens its position as a key player in India’s booming non-alcoholic beverage sector.

Board Meeting on April 30

In a separate regulatory filing, Varun Beverages also informed that its Board of Directors will meet on April 30, 2025, to consider and approve the Quarterly Unaudited Financial Results for the quarter ended March 31, 2025 (Q1 FY25). Additionally, the board will consider the declaration of a dividend, which could be welcomed by investors amid rising revenue expectations and expanding operations.

What Brands Are Made by Varun Beverages?

Varun Beverages manufactures well-known beverages like Pepsi, Mountain Dew, Mirinda, 7UP, Tropicana juices, Gatorade, Aquafina, and Sting, offering both carbonated and non-carbonated drinks to cater to a wide range of consumer tastes across different regions. The company also represents popular food brands such as Lays, Doritos, and Kurkure.

 Share Price Performance

Varun Beverages Limited’s share price traded at ₹549.10, reflecting a slight decline of ₹0.35 or 0.06% at 12:05 PM on the NSE, from the previous close of ₹549.45. The stock opened at ₹552.00 and reached a high of ₹557.80, with a low of ₹545.10 during the trading session.

Read More:Corporate Actions in Focus: Schaeffler India, Muthoot Finance Dividends & More This Week (Apr 21)

Conclusion

The move comes at a time when the FMCG sector is witnessing strong demand revival, and VBL’s proactive approach could provide a competitive edge in both revenue growth and market share expansion.

 

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.

Bank Nifty Retreats from Highs, Drops 423 Points Amid HDFC Bank Profit-Taking on Apr 23

The Bank Nifty index snapped its six-day winning streak on Tuesday, trading at 55,224, down 423.20 points or 0.76% at 11:30 AM.

The intraday range spanned between 55,162.50 and 56,098.70, reflecting the volatility amid profit-booking pressure. Despite touching a fresh 52-week high recently.

Heavyweights Drag Index Lower

Leading the decline was HDFC Bank, which alone shaved off 244.25 points from the Bank Nifty. This came just a day after the private lender became the third Indian company to cross a ₹15 lakh crore market capitalisation on April 22. The milestone likely triggered some profit-taking in the stock.

Axis Bank followed suit, contributing a 60.41-point drop. Their combined pressure significantly impacted the index’s momentum.

Mid-Sized Banks Provide Some Cushion

Amid the broader weakness, AU Small Finance Bank and IDFC First Bank helped cushion the fall with contributions of 26.25 and 5.11 points respectively.

Read More:AU Small Finance Shares Rose 2%: NII and NIM Grew in Q4FY25, Declared Final Dividend.

Understanding Bank Nifty

The Nifty Bank Index is composed of the 12 most liquid and large-cap Indian banking stocks, serving as a benchmark for capital market performance in the banking sector. As of now, the top constituents by index weightage are:

  • HDFC Bank Ltd. – 28.27%
  • ICICI Bank Ltd. – 25.38%
  • Kotak Mahindra Bank Ltd. – 8.53%
  • State Bank of India – 8.51%

This composition highlights the significant influence HDFC Bank holds on the index’s trajectory.

Read More: HDFC Bank Share Price Rises as Company Crosses ₹15 Lakh Crore Market Cap.

RBI Mandates Domain Migration

In a bid to strengthen cybersecurity and curb online banking fraud, the Reserve Bank of India (RBI) has directed all banks to migrate their net banking platforms to the dedicated “.bank.in” domain by October 31, 2025.

Initially announced on February 7, 2025, this mandate is part of a broader effort to build public trust in digital banking systems. The move is aimed at clearly distinguishing genuine banking websites from fraudulent ones.

The Institute for Development and Research in Banking Technology (IDRBT) has been appointed to oversee and manage the registration and migration process for banks.

Conclusion

While today’s decline halts the index’s short-term uptrend, it may represent a healthy correction, especially in heavyweight counters like HDFC Bank that saw sharp recent gains.

Investors will now watch closely how the index performs in the coming sessions, particularly as corporate earnings and macroeconomic cues continue to shape market sentiment.

 

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. 

PFC Share Price in Focus with Gensol in Spotlight Over ₹307 Cr Default

Shares of Power Finance Corporation Limited (PFC) were trading at ₹430.15, down ₹8 or 1.83% at 10:25 AM on the NSE from the previous close of ₹438.15 on the NSE. The stock opened higher at ₹439.70 and touched an intraday high of ₹441.00, but later slipped to a low of ₹429.40.

PFC Pursues Recovery Amid SEBI Probe

State-owned Power Finance Corporation (PFC) is intensifying efforts to recover ₹307 crore in pending dues from Gensol Engineering, which is currently under the regulatory lens of SEBI over alleged fund diversions and governance issues.

Loan Disbursal and Repayment Status

In January 2023, PFC had sanctioned a ₹633 crore loan to Gensol Engineering to support the procurement of 6,000 electric vehicles (EVs), ₹587 crore allocated for 5,000 electric four-wheelers to be leased to BluSmart Mobility, and ₹46 crore for 1,000 electric three-wheelers. However, the latter portion of the loan was never availed.

Of the sanctioned amount, ₹352 crore was disbursed to Gensol for 3,000 four-wheelers. Initially, repayments began smoothly, with ₹45 crore already repaid.

However, as of April 18, 2025, an outstanding principal of ₹307 crore remains. In Q4 FY25, due to missed payments, PFC had to invoke the Debt Service Reserve Account (DSRA) to cover dues for February and March.

Collateral and Guarantees

PFC confirmed that 2,741 EVs have been delivered and hypothecated as security. Additional safeguards include pledges of Gensol’s equity shares and NCDs, a corporate guarantee from Gensol Ventures Pvt. Ltd., and personal guarantees from the promoters.

There are also liquid assets like TRA balances, DSRA balances, and fixed deposits from BluSmart held under lien by PFC.

Governance Red Flags and Legal Action

Amid rising concerns, PFC has launched an internal probe under its Anti-Fraud Policy. It has also filed a formal complaint with the Economic Offences Wing (EoW) regarding falsified documents allegedly submitted by Gensol to reflect a misleading debt servicing history.

The issue gained further momentum after credit rating agencies ICRA and CARE raised red flags over document discrepancies. PFC has clarified that it did not issue the letters referenced in those concerns.

SEBI Crackdown on Gensol

SEBI, acting on a complaint from June 2024, recently barred Gensol Engineering and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities market over suspected fund misappropriation and manipulation of share prices.

The regulator also directed the company to halt a planned stock split and restricted its promoters from holding directorial or key management roles in any listed entity.

Gensol Engineering Share Price Performance

Shares of Gensol Engineering Limited were locked at the lower circuit limit of ₹99.91, down ₹5.26 or 5% from the previous close of ₹105.17. The stock opened at ₹99.91 and remained stuck at that level throughout the session, marking its ninth lower circuit hit this month.

Read More: Gensol Engineering Shares in Focus; Govt Likely to Take Action After SEBI Flags Financial Misconduct.

Conclusion

As the investigation unfolds, PFC remains committed to recovering its dues while upholding transparency and financial integrity. This case marks a critical juncture in addressing financial misgovernance within India’s clean energy and EV leasing space, with potential implications for future institutional lending 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. 

RIL-Backed Alok Industries’ Share Price Falls After Hitting a 20% Upper Circuit Limit Yesterday; Here’s Why

As of April 23, 2025, Alok Industries Limited’s share price stood at ₹19, showing a decline of ₹0.49 or 2.51% at 9:50 AM on the NSE from the previous close of ₹19.49, possibly due to some profit-taking after yesterday’s sharp gains.

The stock opened at ₹19.42 and reached a high of ₹19.42, with a low of ₹18.90 before closing at ₹19.09. The stock reached its upper circuit limit of 20% on Tuesday, peaking at ₹19.76 for the day.

Strong Financials in Q4 FY25

Alok Industries’ quarterly results for Q4 FY25 were impressive, as the company narrowed its consolidated net loss to ₹74.47 crore from ₹272.99 crore in the previous quarter (Q3 FY25).

The improvement in earnings was largely attributed to a one-time exceptional gain of ₹94.14 crore, which played a pivotal role in reducing the company’s losses.

In addition to the exceptional gain, the company reported a 19.24% sequential growth in revenue from operations, which reached ₹1,038.10 crore, compared to ₹870.63 crore in Q3 FY25.

Alok Industries also demonstrated effective cost management, with its total expenses falling by 5.96% quarter-on-quarter (QoQ) to ₹1,206.34 crore.

Read More: Waaree Energies Posts Robust Q4 FY25 Performance, Profit Soars 34%.

Leadership Transition and Shareholding Insights

In a regulatory filing dated April 21, Alok Industries announced a key leadership change. Anil Kumar Mungad has stepped down from his position as Chief Financial Officer (CFO) and key managerial personnel, effective from the close of business hours on April 29, 2025.

He will transition into a new role as the Head – Commercial of the company starting April 30, 2025. Succeeding him, Jinendra Jain has been appointed as the new CFO with effect from the same date.

Meanwhile, shareholding data for the March 2025 quarter reveals that Reliance Industries, led by Mukesh Ambani, holds a 40.01% stake in Alok Industries. JM Financial Asset Reconstruction Company Limited follows closely with a 34.99% stake. Both entities are listed under the company’s promoter and promoter group category.

Conclusion

While Alok Industries’ recent financial performance for Q4 FY25 showcases positive growth, the sharp 20% surge in its stock price was followed by a slight decline, likely driven by profit-taking from investors, the company’s narrowing of losses, strong revenue growth, and effective cost control paint a promising picture of its financial health.

Moving forward, Alok Industries’ ability to sustain growth without relying on one-time exceptional gains will be key to determining its long-term trajectory.

 

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. 

RBI Pushes for Safer Digital Banking with Mandatory ‘.bank.in’ Domain by October 2025

In a move to bolster digital banking security and boost customer trust, the Reserve Bank of India (RBI) has directed all Indian banks to shift their net banking platforms to a new, exclusive internet domain — “.bank.in” — by October 31, 2025.

Strengthening Cybersecurity and Enhancing Digital Trust

This step, originally announced on February 7, 2025, forms part of a broader initiative to strengthen the cybersecurity infrastructure of the Indian financial sector amidst a surge in digital payment frauds.

The primary goal of this domain migration is to minimise phishing attacks, prevent spoofing through fake banking websites, and clearly differentiate genuine banking portals from malicious ones. The move is expected to greatly enhance consumer confidence in online banking services.

IDRBT to Lead Domain Migration

The RBI has assigned the Institute for Development and Research in Banking Technology (IDRBT) as the official registrar for the ‘.bank.in’ domain. The registration process is now live, and banks are urged to start their migration immediately. IDRBT will assist with all technical and procedural aspects of the transition.

This exclusive domain is seen as a first step in a two-part rollout, with a “.fin.in” domain soon to follow for other financial institutions. RBI’s decision comes in response to growing cyber threats in the banking ecosystem and is a proactive approach toward a more secure digital future.

Domain Names as Digital Gatekeepers

As cyberattacks become increasingly sophisticated, initiatives like this will play a critical role in safeguarding both institutions and customers. It’s a reminder that in the digital age, trust and security go hand in hand — and the domain name itself could become the first line of defense.

Read More: SEBI Extends Deadline for Cybersecurity Framework Compliance to June 30, 2025.

Conclusion

The RBI’s move to mandate the migration of Indian banks to the exclusive ‘.bank.in’ domain by October 2025 marks a significant step forward in securing the country’s digital banking ecosystem.

By curbing phishing attacks, preventing spoofing, and distinguishing legitimate platforms from fraudulent ones, this initiative aims to enhance cybersecurity while restoring consumer confidence in online banking.

 

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.