Waaree Energies Becomes First Indian Solar PV Manufacturer to Secure ‘A’ Rating in PV Tech’s ModuleTech Bankability Ratings

Waaree Energies Limited, a leading name in India’s renewable energy sector, has become the first Indian solar PV module manufacturer to receive an ‘A’ category rating in PV Tech’s renowned ModuleTech Bankability Ratings. This recognition reflects Waaree’s robust financial health, state-of-the-art manufacturing capabilities, and commitment to producing high-quality, reliable solar modules.

At 9:23 AM today, Waaree Energies shares traded at ₹2,330.80 per share, a 0.93% up on the NSE.

Understanding PV Tech’s ModuleTech Bankability Ratings

The PV ModuleTech Bankability Ratings serve as a key benchmark for investors, developers, and Engineering, Procurement, and Construction (EPC) firms. These ratings help industry stakeholders assess the reliability and financial viability of PV module manufacturers, ensuring long-term stability in solar energy projects.

The assessment considers several critical factors, including:

  • Financial stability and cash flow management
  • Production capacity and supply chain strength
  • Market reputation and after-sales support
  • Technological innovation and research investments
  • Global shipping capabilities and infrastructure development

By evaluating these parameters, the rating system provides an independent and transparent measure of a manufacturer’s ability to deliver consistent and high-quality solar modules.

Waaree’s Expanding Global Footprint

With a global manufacturing capacity of approximately 15 GW, Waaree Energies has built a robust supply chain network, ensuring it can cater to the rising global demand for solar modules. The company’s commitment to quality is further reinforced by its PV Module Test Laboratory (PMTL) in Chikhli, which is accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). This facility plays a crucial role in maintaining Waaree’s adherence to international durability and efficiency standards.

Pioneering Next-Generation Solar Technologies

Waaree Energies continues to push the boundaries of innovation in the solar industry with its next-generation technologies, including:

  • TOPCon (Tunnel Oxide Passivated Contact) Modules – Designed for higher efficiency and enhanced performance.
  • Heterojunction Technology (HJT) Modules – Offering improved energy output and durability.

These advanced solutions align with the evolving energy needs of global markets, positioning Waaree as a trusted leader in high-performance solar modules.

A Milestone in India’s Renewable Energy Landscape

Waaree’s recognition in PV Tech’s ModuleTech Bankability Ratings underscores the growing competitiveness of Indian solar manufacturers on the global stage. As the demand for renewable energy continues to rise, this achievement strengthens Waaree’s position as a reliable and innovative player in the solar PV industry.

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.

Your Trading Account is at Risk! This New Tech Will Lock Out Fraudsters for Good

In an era of increasing cyber threats, your trading account may not be as secure as you think. Unauthorized transactions, identity theft, and account breaches are on the rise, putting your hard-earned investments at risk. But what if there was a foolproof way to lock out fraudsters—forever?

A game-changing security framework is being introduced to fortify trading accounts like never before. The key? A powerful combination of SIM binding and biometric authentication that ensures only you can access and trade from your account.

How It Works: The New Security Fortress for Traders

  • One UCC – One Device – One SIM: Your trading account will only be accessible on a single registered device with a linked SIM—similar to UPI apps. This eliminates the risk of hackers accessing your account from unknown devices.
  • Biometric Login for Extra Security: Logging into your trading app will now require biometric authentication on the primary, SIM-bound device, making it impossible for unauthorized users to break in.
  • QR Code Authentication for Other Devices: Want to access your account from a laptop or desktop? A time-sensitive, proximity-based QR code will be required—just like social media logins—to ensure secure access.
  • Seamless Backup System: Lost your phone? No worries. A backup mechanism will allow you to continue trading securely while switching devices.

What’s Next?

This next-gen security framework will be implemented in phases, starting with the top 10 qualified stock brokers. Initially, investors will have the option to opt in, but over time, this will become the industry standard for maximum protection.

Why It Matters: With cybercriminals getting smarter, traditional passwords and OTPs are no longer enough. This multi-layered security approach will ensure that only YOU can execute trades—keeping your money safe from fraudsters.

The question is—are you ready for the future of secure trading? 

Transform your trading experience with the Angel One share market app. Download now to enjoy real-time updates and robust trading features!

Disclaimer: This blog has been written exclusively for educational purposes. 

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How Indian Investors Can Profit Despite a Weakening Rupee

The Indian Rupee (INR) has depreciated by approximately 3.5% against the US Dollar over the past 6 months. While this may raise concerns about inflation and higher import costs, it presents an advantage for Indian investors holding US-focused mutual funds and stocks.

When the rupee weakens, the value of US-denominated assets rises in rupee terms. This currency-driven boost can significantly impact investment returns, even when the US stock market remains stable. The extra ₹5,000 gain happens because the US Dollar appreciated against the Rupee, increasing the value of the US stock investment when converted back to INR.

How Currency Movements Enhance Returns

To understand this better, consider an investor who placed ₹1 lakh each in Indian stock and a US stock a year ago. Suppose both investments generated a 20% return:

  • The Indian stock would now be worth ₹1.2 lakh.
  • The US stock would also have grown by 20% in dollar terms. However, due to the rupee’s depreciation, its value in rupees would be higher—approximately ₹1.25 lakh.

This additional ₹5,000 gain is purely due to the dollar’s appreciation, illustrating how currency movements can amplify returns for Indian investors.

Historical Impact of Rupee Depreciation on US Investments

Over the past year, currency fluctuations have contributed an additional 4%-5% to returns on US-denominated assets. In the last three years, the cumulative effect could be as high as 10-15%, further enhancing the overall performance of US-focused investments.

US mutual funds and ETFs that hold dollar-denominated assets benefit significantly when the rupee weakens. Even if the US stock market remains stagnant, Indian investors can still earn positive returns due to currency appreciation.

Beyond Currency Fluctuations: Focus on Growth Sectors

While rupee depreciation provides a short-term boost, long-term investment returns are primarily driven by economic growth, industry trends, and company performance.

Should Investors Hedge Against Currency Fluctuations?

With the rupee’s volatility, some investors may wonder whether they should hedge against depreciation or use it to their advantage.

A diversified portfolio with exposure to both domestic and international markets offers a natural hedge. While some instruments, such as currency-hedged funds, can neutralise exchange rate risks, long-term investors may find that US-based investments inherently protect against rupee weakness.

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.

Cigarette and Tobacco Stocks ITC and Godfrey Philips in Focus as Government Considers Higher GST

According to a news report, the government is considering increasing the Goods and Services Tax (GST) on cigarettes and other tobacco products. This change could be implemented once the current compensation cess is phased out in March 2026. The move is aimed at ensuring tax revenues from tobacco products remain stable despite the removal of the cess.

Currently, cigarettes and other tobacco products attract a GST of 28%, along with additional levies, taking the total tax burden to 53%. However, discussions are underway to raise GST to 40%, which is the highest permissible slab, and introduce an excise duty on top of it.

Why the Government is Reviewing Tobacco Taxation

Tobacco products are classified as “sin goods” and are heavily taxed to discourage consumption. The World Health Organization (WHO) recommends a tax rate of 75%, whereas India currently imposes a 53% tax on cigarettes. Despite this, tobacco and tobacco products contribute significantly to government revenue. In 2022-23, they generated ₹72,788 crore in tax earnings.

A ministerial panel under the GST Council is reviewing various options for restructuring taxation on tobacco products. The panel is expected to submit recommendations before a final decision is made.

Possible Taxation Models Under Consideration

Several taxation options are being explored, including:

  1. Raising GST to 40% and adding an excise duty to sustain government revenue.
  2. Replacing the compensation cess with a health cess, though some states and central government officials have expressed reservations.
  3. Linking the cess to the maximum retail price (MRP) instead of sales value, as suggested by the Group of Ministers (GoM) set up earlier to review tobacco taxation.
  4. Merging the cess with the existing tax slab to streamline the tax structure.

The compensation cess on tobacco products currently stands at 5%, along with a specific levy ranging from ₹2,076 to ₹4,170 per 1,000 cigarettes, depending on their length, filter, and flavour. The GoM had previously recommended modifying the cess structure, but the proposal was referred to a fitment committee for further evaluation.

Impact on Cigarette and Tobacco Stocks

With the possibility of increased taxation, cigarette and tobacco stocks such as ITC Ltd and Godfrey Phillips India Ltd have come under investor focus. Any increase in tax rates could impact their profit margins and consumer pricing strategies. However, these companies have historically managed to pass on tax hikes to consumers without significantly affecting demand.

Final Decision Rests with the GST Council

The final decision on increasing GST or introducing an excise duty will be taken after the ministerial panel submits its recommendations. The government aims to balance public health concerns with revenue generation, ensuring that tax collections from tobacco products remain robust even after the compensation cess is phased out.

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.

Delhi CM Rekha Gupta Announces ₹2,500 Per Month Aid for Women: Know When You’ll Receive the First Payment

Delhi’s newly elected Chief Minister, Rekha Gupta, has assured that the Bharatiya Janata Party (BJP) government will fulfil its election promise of providing ₹2,500 per month to women, according to news reports. This announcement positions Delhi’s financial assistance scheme ahead of similar initiatives in other states, such as Maharashtra’s Ladki Bahin Yojana and Madhya Pradesh’s Ladli Behna Yojana.

The first installment of this financial aid will be deposited into beneficiaries’ accounts by March 8, aligning with International Women’s Day, as per news reports. Gupta reaffirmed that her government is committed to delivering on its pledges, stating, “Women will 100 per cent get monetary support into their accounts by March 8.”

BJP’s Scheme vs AAP’s Initiative

This initiative is a direct counter to the Aam Aadmi Party’s (AAP) earlier Mahila Samman Yojana, which initially provided ₹1,000 per month to eligible women above 18 years of age, with a planned increase to ₹2,100. By announcing ₹2,500 per month, the BJP government has surpassed AAP’s proposal, reinforcing its commitment to women’s financial empowerment.

Delhi joins the list of BJP-ruled states offering financial assistance to women. Madhya Pradesh runs the Ladli Behna Yojana, while Maharashtra’s Ladki Bahin Yojana provides direct cash transfers to women. Gupta’s scheme, however, now offers the highest financial support among these programmes.

A Resounding BJP Victory in Delhi Elections

The announcement comes on the heels of the BJP’s sweeping win in the Delhi Assembly elections, where it secured 48 out of 70 seats, ending AAP’s decade-long governance. The party’s manifesto had prominently featured this financial assistance plan, which played a crucial role in its electoral success.

Rekha Gupta, a former Delhi University Students’ Union (DUSU) president and municipal councillor, was elected as the leader of the BJP legislature party on Wednesday. She reiterated that fulfilling poll promises is the government’s foremost priority. “Fulfilling the dream of Prime Minister Narendra Modi is the responsibility of all 48 BJP MLAs in the capital,” she added.

Swearing-in Ceremony at Ramlila Maidan

Rekha Gupta is set to take oath as the fourth woman Chief Minister of Delhi at a grand ceremony at Ramlila Maidan later today. The event will be attended by Prime Minister Narendra Modi, senior BJP leaders, and chief ministers from various BJP-ruled states.

To ensure security, the Delhi Police have deployed over 25,000 personnel across the city, alongside 15 paramilitary companies. These measures aim to maintain order as a large gathering of political dignitaries and citizens is expected.

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.

India and Argentina Strengthen Partnership for Lithium Exploration

In a significant move to strengthen India’s mineral supply chain, the country has entered into a formal partnership with Argentina to boost cooperation in lithium exploration and development. Given Argentina’s vast lithium reserves, this collaboration is crucial for India’s push towards clean energy and electric mobility. 

The agreement underscores India’s commitment to securing critical raw materials necessary for its growing energy needs.

India and Argentina Sign MoU for Lithium Exploration

India and Argentina have taken a significant step in strengthening their collaboration in the mining sector, particularly in lithium exploration and development. On 19 February, a Memorandum of Understanding (MoU) was signed between Mineral Exploration and Consultancy Limited (MECL), a PSU under India’s Ministry of Mines, and the Provincial Government of Catamarca, Argentina. The agreement was formalised in the presence of Union Minister for Coal and Mines G Kishan Reddy and Catamarca Governor Raúl Alejandro Jalil.

The MoU focuses on expanding investment opportunities and fostering joint efforts in critical mineral resource development. Argentina, known for its substantial lithium reserves, is a key strategic partner for India in securing raw materials essential for electric vehicle batteries and renewable energy storage. The discussions also covered lithium exploration initiatives led by Khanij Bidesh India Ltd (KABIL) and Greenko in the Catamarca region.

Expanding Indian Participation in Argentina’s Mining Sector

As part of the agreement, senior officials from both nations deliberated on policy frameworks, regulatory measures, and sustainable mining practices. They explored opportunities for Indian companies to increase participation in Argentina’s mining sector through investments, long-term supply agreements, and joint ventures.

The discussions highlighted the importance of knowledge exchange, infrastructure development, and technology transfer to facilitate India’s engagement in Argentina’s mineral industry. Additionally, both nations emphasised the need for sustainable and ethical mining practices to ensure a responsible approach to resource extraction.

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.

Orchid Pharma’s Alathur API Facility Passes USFDA Inspection

Orchid Pharma Ltd. has once again demonstrated its commitment to regulatory excellence by successfully completing a surprise inspection by the USFDA. This milestone not only cements its leadership in sterile cephalosporin production but also strengthens its global credibility.

Successful USFDA Inspection with No Major Issues

Orchid Pharma Ltd. has announced the successful completion of a surprise inspection by the U.S. Food and Drug Administration (USFDA) at its Active Pharmaceutical Ingredient (API) manufacturing facility in Alathur, Tamil Nadu.

The inspection, conducted between 10 and 18 February 2025, resulted in seven minor observations, none of which were related to data integrity concerns.

This development ensures that Orchid Pharma maintains its exclusive position as India’s only USFDA-approved manufacturing site for sterile cephalosporins. The facility plays a crucial role in the production of life-saving antibiotics, reinforcing the company’s global standing in the pharmaceutical industry.

Continued Global Compliance and Certification

Beyond the USFDA approval, the Alathur API facility has also secured the renewal of its European Union Good Manufacturing Practice (EU GMP) certification. This further validates Orchid Pharma’s commitment to stringent European regulatory standards, enabling the company to continue serving key international markets.

Commenting on the achievement, Manish Dhanuka, Managing Director of Orchid Pharma, stated, “The successful completion of the USFDA inspection underscores our unwavering commitment to quality, compliance, and global regulatory standards. Our teams have consistently worked towards upholding the highest manufacturing practices, ensuring the continued supply of world-class antibiotics.”

Orchid Pharma Share Performance

As of February 20, 2025, at 12:43 PM, the shares of Orchid Pharma are locked in an upper circuit at ₹874.55 per share, reflecting a surge of 5% from the previous day’s closing price.

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.

Sundaram Clayton to Sell Hosur Aluminium Die-casting Business

Sundaram-Clayton Ltd, a leading automotive components manufacturer, announced today that its Board of Directors has approved the sale of its aluminium die-casting businesses at the Hosur plant to third-party purchasers. The decision was made during a board meeting held on February 19.

Divestment Of Plant

According to the company’s disclosure to stock exchanges, both high-pressure and low-pressure aluminium die-casting operations at the Hosur facility will be divested. However, key details of the transaction remain undetermined, including the final structure of the deal, the identity of the potential buyer and sale consideration.

Aluminium die-casting is a manufacturing process where molten aluminium is forced under high pressure into reusable steel moulds (called dies) to create precisely shaped metal components. This process is widely used in the automotive, aerospace, and consumer electronics industries.

The company possesses expertise in both high-pressure die-casting, ideal for complex, large-scale production, and low-pressure die-casting, which excels in producing structurally sound components with enhanced mechanical properties

About Company


The Chennai-based company, formerly known as Sundaram-Clayton DCD Limited, informed the BSE Limited and National Stock Exchange of India that it will make further disclosures upon execution of definitive agreements. The company noted that the completion of any transaction will be subject to regulatory approvals and other required permissions.

Effective June 16, Sundaram Clayton Ltd. (SCL) has undergone a name change. This change is the result of the merger between TVS Holdings Pvt. Ltd. and SCL. Following the merger, TVSH now serves as the promoter of TVS Motor Co., holding a 50.26% stake.

Share Price Performance

At 10:26 AM on February 20, 2025, Sundaram-Clayton Ltd shares traded at ₹2,445.25 per share on the NSE.

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.

JBM Auto Arm Bags ₹5,500 Cr Order Under PM eBus Sewa Phase II

JBM Auto Limited, established in 1983, is the flagship enterprise of the esteemed $3.0 billion JBM Group. The company excels in manufacturing high-precision sheet metal components, tools, dies, moulds, and state-of-the-art buses, including cutting-edge electric vehicles (EVs). 

Secured ₹5,500-Crore Contract

A significant milestone has been achieved by its subsidiary, JBM Ecolife Mobility, which has secured a monumental ₹5,500-crore contract under the PM eBus Sewa Scheme-II.

In a regulatory filing, the company disclosed that JBM Ecolife Mobility had triumphed in a competitive tender to function as a bus operator for the procurement, supply, operation, and maintenance of 1,021 electric buses. The ambitious project further encompasses the development of essential electric and civil infrastructure under the Gross Cost Contracting (GCC) model.

This landmark contract further fortifies JBM Auto’s stature in India’s burgeoning electric mobility landscape, aligning seamlessly with the government’s ambitious agenda for sustainable public transport.

JBM Auto Q3 FY25 Results

JBM Auto Limited has unveiled its consolidated financial results for Q3 FY25, reporting a net profit of ₹52 crore—an 8% increase from ₹49 crore in the corresponding period last year. Total sales, inclusive of other operating income, advanced by 4% to ₹1,396 crore, compared to ₹1,346 crore in the prior year’s equivalent quarter. Additionally, the Board of Directors has sanctioned a sub-division of existing equity shares from a face value of ₹2 each to ₹1 each—a strategic move that has garnered shareholder approval.

Share Price Performance 

At 1:26 PM On February 20, 2025, JBM Auto Ltd shares trading at ₹619.40 per share a 4.35% down on the NSE.

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 Hit Fresh All-Time High; Check Gold and Silver Prices in Your City on Feb 20

On February 20, 2025, gold prices hit a fresh all-time high. In the international market, the spot gold price has increased by nearly 1% to $2,947.93 per ounce as of 12:33 PM.

In India, gold prices increased on February 20, 2025, by nearly ₹500 per 10 grams in major cities.

In Mumbai, 24-carat gold is priced at ₹8,644 per gram. Similarly, 22-carat gold now costs ₹7,924 per gram. The 24-carat gold price is ₹86,440 per 10 grams as of 12:33 PM on 19 February 2025.

In Delhi, the price of 22-carat gold is currently ₹79,099 per 10 grams, while 24-carat gold is trading at ₹86,290 per 10 grams.

Gold Prices Across Major Indian Cities on February 20, 2025

Here is a detailed breakdown of gold prices as of February 20, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 86,690 79, 466
Hyderabad 86,580 79,365
Delhi 86,290 79,099
Mumbai 86,440 79,237
Bangalore 86,510 79,301

 

Silver Prices in India on February 20, 2025

The international silver price has increased by over 1% to $32.91 as of 12:33 PM on February 20, 2025. In India, silver prices have increased by ₹610 per kg.

Silver Prices Across Major Indian Cities

City Silver Rate in ₹/KG 
Mumbai 97,300
Delhi 97,130
Kolkata 97,170
Chennai 97,580

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have increased in major Indian cities. The international spot gold price is trading at a fresh all-time high, rising nearly 1%.
  • Silver Prices: Silver prices have increased in both the international and domestic markets.

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.