DSP Mutual Fund Filed Drafts for 2 New Index Funds

DSP Mutual Fund has submitted draft documents to the Securities and Exchange Board of India (SEBI) for the introduction of two new open-ended index funds: the DSP Nifty Healthcare Index Fund and the DSP Nifty IT Index Fund. These funds aim to provide investors with targeted exposure to the healthcare and information technology sectors by replicating the performance of their respective benchmark indices.

DSP Nifty Healthcare Index Fund

  • Objective: To replicate the Nifty Healthcare Index, offering investors exposure to the pharmaceutical and healthcare sectors.
  • Benchmark: Nifty Healthcare TRI.
  • Scheme Type: Open-ended index fund.
  • Minimum Investment: ₹100 and in multiples thereafter.
  • Exit Load: Nil.
  • Liquidity: Units will be available for continuous repurchase and sale within five business days from allotment.
  • Special Facilities: Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), Systematic Withdrawal Plan (SWP), switching options, and Application Supported by Blocked Amount (ASBA) facility.​

DSP Nifty IT Index Fund

  • Objective: To mirror the returns of the Nifty IT Index, providing investors with exposure to leading IT companies listed on the National Stock Exchange (NSE).
  • Benchmark: Nifty IT TRI.
  • Scheme Type: Open-ended index fund.
  • Minimum Investment: ₹100 and in multiples thereafter.
  • Exit Load: Nil.
  • Liquidity: Units will be available for continuous repurchase and sale within five business days from allotment.
  • Special Facilities: SIP, STP, SWP, switching options, and ASBA facility.

Read More: HDFC and DSP Mutual Fund New Fund Offers Open for Subscription

Conclusion

The proposed DSP Nifty Healthcare and IT Index Funds offer investors an opportunity to gain sector-specific exposure through a passive investment approach. With low minimum investment requirements and no exit load, these funds cater to both new and seasoned investors looking to diversify their portfolios within the healthcare and IT sectors.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

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.

IPO Alert: Jinkushal Industries and Corona Remedies Submit Draft Papers to SEBI

Two companies – Jinkushal Industries Ltd and Corona Remedies Ltd have filed draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) for proposed Initial Public Offerings (IPOs). Below are the details:

Jinkushal Industries Ltd

Jinkushal Industries Ltd, a Chhattisgarh-based exporter of construction machinery, filed its IPO papers with SEBI on April 30, 2025. The IPO consists of a fresh issue of 86.5 lakh equity shares and an offer for sale of 10 lakh shares, totalling 96.5 lakh shares. Each share has a face value of ₹10.

The company is engaged in the global export of both new/customised and used/refurbished construction machines. Its offerings include hydraulic excavators, motor graders, wheel loaders, backhoe loaders, bulldozers, cranes, and asphalt pavers. It also exports machines under its in-house brand, HexL.

For FY24, Jinkushal Industries reported a profit of ₹18.6 crore, an increase of 84.3% year-on-year, and revenue of ₹238.6 crore. During the 9 months ending December 2024, it reported a profit of ₹18.12 crore on ₹302.5 crore revenue. The company’s Return on Equity (ROE) stood at 42.18%, and its revenue CAGR was 56.7%.

The funds from the fresh issue will be used primarily for working capital requirements (₹72.7 crore) and general corporate purposes. The issue will be managed by GYR Capital Advisors Private Limited, and the shares will be listed on NSE and BSE.

Corona Remedies Ltd

Ahmedabad-based Corona Remedies Ltd has filed a DRHP to raise ₹800 crore via an Offer for Sale (OFS). The company will not issue any new shares. The offer involves sales by the promoter group led by Dr. Kirtikumar Laxmidas Mehta and ChrysCapital, which holds a 27.5% stake through Sepia Investments, Anchor Partners, and Sage Investment Trust.

Corona Remedies is a pharmaceutical formulation company with products in women’s health, cardiovascular and diabetes care, urology, and pain management. As of December 31, 2024, the company had a portfolio of 67 brands. For FY24, it reported ₹1,014.5 crore in revenue. 

JM Financial, IIFL Capital Services, and Kotak Mahindra Capital Company are the lead book-running managers. The shares will be listed on BSE and NSE.

Read More: Om Freight Forwarders Files IPO Draft Papers with SEBI!

Conclusion

Jinkushal Industries and Corona Remedies have officially started the IPO process by filing draft papers with SEBI. Jinkushal aims to raise funds mainly for working capital needs, while Corona’s offer is entirely a stake sale by promoters and investors. Both companies now await regulatory approval before moving to the next stage.

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.

Nitco Share Price Rose on Receiving ₹111 Crore Order from Prestige Estates

Nitco Limited has informed the stock exchanges that it has received purchase orders worth ₹111 crore from Prestige Estates Projects Limited. The order is for the supply of tiles and marble and will be executed over a period of approximately six months.

As of 9:30 AM on May 2, 2025, Nitco share price was trading at ₹132.84, a 2.59% up, showing a 7.19% rise over the past six months and an 80.54% gain over the past year.

Order Details

According to the company’s filing dated April 30, 2025, this order is domestic in nature and involves the supply of tiles and marble as part of ongoing project discussions with Prestige Estates. The new order follows Nitco’s earlier disclosure made on December 16, 2024, in which the company had mentioned anticipated orders amounting to ₹104 crore.

Value and Timeline

The confirmed order value now stands at ₹111 crore, which is ₹7 crore higher than the earlier anticipated figure. The contract does not involve any international components and will be carried out within India. The estimated timeline for completing the delivery is around six months.

SEBI Filing and Compliance

The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the SEBI circular issued on July 13, 2023. The filing was submitted to both BSE and NSE  and the order was signed off by Vivek Talwar, Chairman and Managing Director of Nitco Limited.

Additional Information

Nitco confirmed that the order is not a related party transaction and that there is no promoter or promoter group interest in Prestige Estates Projects Limited. The order is strictly for the supply of materials and does not include any service component.

Read More: India’s Real Estate Boom: Land Acquisitions and Project Development Skyrocket

Conclusion

Nitco has officially disclosed the receipt of a ₹111 crore domestic order from Prestige Estates for tiles and marble. The transaction is expected to be fulfilled over six months and complies with current SEBI regulations on material disclosures.

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.

SEBI Proposes Mandatory Demat Holding for Certain Shareholders Before IPO Filing

The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing that select existing shareholders must hold shares in dematerialised form before a company files its draft offer document for an Initial Public Offering (IPO). This proposal is an expansion of the current regulatory requirements under SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations.

Expansion of Existing Norms

At present, the ICDR regulations only mandate promoters to hold all specified securities in demat form prior to IPO filing. SEBI has proposed broadening this to include other key categories of shareholders. These include members of the promoter group, selling shareholders, directors, key managerial personnel (KMPs), senior management, and employees currently employed by the issuer. The requirement will also apply to shareholders with special rights and Qualified Institutional Buyers (QIBs).

Inclusion of Regulated Entities

In addition to individuals, the proposed rule would also cover certain regulated entities. These include registered stock brokers, non-systemically important non-banking financial companies (NBFCs), and any other SEBI-regulated entities holding specified securities in a pre-IPO company. These entities will also be required to convert their physical shareholdings into demat form before the filing of the IPO offer document.

Reasons for the Proposal

SEBI’s paper states that despite existing regulations, a significant portion of shares held by important stakeholders still remains in physical form. These include shares held by directors, KMPs, senior management, selling shareholders, and even some QIBs. This creates a regulatory gap, as physical shares can continue to exist post-listing. SEBI cites concerns related to delays, loss, theft, and forgery of physical share certificates as part of the rationale behind expanding the scope of demat requirements.

Public Consultation Timeline

SEBI has invited public comments on the proposal. Stakeholders can submit their feedback until May 20, 2025.

Read more: SEBI Imposes ₹50 Lakh Penalty on 3 FPIs for Violating Short-Term Investment Limits 

Conclusion

SEBI wants to close the gap around physical shares before a company goes public. By making demat mandatory for key shareholders, the goal is to make the IPO process smoother and cleaner. Feedback is open till May 20, 2025.

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.

Are Banks and Stock Market (NSE and BSE) Open Today on May 1, 2025?

On May 1, 2025, Banks and India’s leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will be closed in observance of the Maharashtra Day, with all trading activities suspended for the day. 

Is the Stock Market Open Today? 

According to the official holiday calendar of the NSE and BSE, no trading will take place on the Indian stock markets on May 1, 2025, in observance of the Maharashtra Day, which commemorates the formation of the state in 1960, as per the stock market holiday 2025 calendar. 

The Multi Commodity Exchange (MCX) will remain closed for the morning session (9 am- 5 pm) but will resume trading during the evening session (5 pm to 11:55 pm). Additionally, electronic gold receipts (EGR) and currency derivatives will also not be traded due to the festivities. 

Regular trading operations will resume on Friday, May 2, 2025. 

Are Banks Open on May 1? 

Banks in Maharashtra will also remain closed on May 1 due to the public holiday for Maharashtra Day, which coincides with International Labour Day. Government offices, schools, and colleges will also observe the holiday. 

Conclusion 

On May 1, 2025, the NSE and BSE will be closed in observance of Maharashtra Day, halting all trading activities, including in the equity, equity derivatives, SLB, electronic gold receipts, and currency derivatives segments. 

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. 

पीएम किसान योजना: 20वीं किस्त मई-जून में अपेक्षित, लाभार्थी स्थिति और अधिक “जानकारी” ऑनलाइन जांचें

प्रधान मंत्री किसान सम्मान निधि (पीएम-किसान) योजना, भारत की किसानों के लिए प्रमुख आय सहायता योजना, मई या जून 2025 तक अपनी 20वीं किस्त जारी करने के लिए तैयार है। फरवरी 2019 में शुरू की गई यह योजना, सरकार की कृषि क्षेत्र को मजबूत करने और छोटे और सीमांत किसानों के कल्याण को सुनिश्चित करने की निरंतर प्रतिबद्धता को दर्शाती है।

पीएम-किसान के तहत, पात्र किसानों को सालाना ₹6,000 मिलते हैं, जो प्रत्यक्ष लाभ हस्तांतरण (डीबीटी) के माध्यम से हर चार महीने में ₹2,000 की तीन समान किस्तों में वितरित किए जाते हैं।

19वीं किस्तमें 22,000 करोड़ रुपये से अधिक का वितरण

फरवरी 2025 में, सरकार ने सफलतापूर्वक 19वीं किस्त का वितरण किया, जिससे 2.41 करोड़ महिलाओं सहित 9.8 करोड़ से अधिक किसानों को लाभ हुआ। डीबीटी के तहत लाभार्थियों के बैंक खातों में कुल 22,000 करोड़ रुपये सीधे हस्तांतरित किए गए। जल्द ही 20वीं किस्त आने वाली है, इसलिए कृषि समुदाय में प्रत्याशा बढ़ रही है।

समय पर अपडेट सुनिश्चित करने के लिए, सरकार किसानों को पीएम-किसान आधिकारिक पोर्टल पर अपनी संपर्क जानकारी अपडेट रखने की सलाह देती है।

पीएम किसान योजना के लिए पात्रता और आवेदन स्थिति जांच

सभी भूमिधारक किसान परिवार-पति, पत्नी और नाबालिग बच्चे के रूप में परिभाषित-जिनके पास खेती योग्य भूमि है, राज्य या केंद्र शासित प्रदेश के भूमि रिकॉर्ड के अनुसार पात्र हैं। हालांकि, कुछ उच्च आय वाले समूहों को बाहर रखा गया है।

लाभ प्राप्त करने के लिए, किसानों के पास वैध भूमि रिकॉर्ड और एक लिंक किया हुआ बैंक खाता होना चाहिए। 20वीं किस्त की स्थिति जांचने के लिए:

  1. आधिकारिक वेबसाइट पर जाएं
  2. “किसान कॉर्नर” पर नेविगेट करें
  3. “अपनी स्थिति जानें” पर क्लिक करें
  4. अपना आधार नंबर, मोबाइल नंबर, खाता नंबर या आवेदन आईडी दर्ज करें
  5. अपनी भुगतान स्थिति देखने के लिए “डेटा प्राप्त करें” पर क्लिक करें

पीएम-किसान: योजना अवलोकन

  • योजना का नाम: प्रधान मंत्री किसान सम्मान निधि (पीएम-किसान)
  • उद्देश्य: पूरे भारत में पात्र किसानों को वित्तीय सहायता
  • पात्र किसान: लगभग 9.8 करोड़
  • प्रति किस्त राशि: ₹2,000
  • अगली किस्त (20वीं): मई/जून 2025 में अपेक्षित
  • श्रेणी: सरकारी योजना
  • आधिकारिक वेबसाइट: पीएम किसान योजना

निष्कर्ष

पीएम-किसान योजना, भारत की किसानों के लिए प्रमुख आय सहायता योजना, मई या जून 2025 तक अपनी 20वीं किस्त जारी करने के लिए तैयार है। इस योजना के तहत, सालाना ₹6,000 तीन किस्तों में दिए जाते हैं।

फरवरी 2025 में, 19वीं किस्त में 9.8 करोड़ किसानों को 22,000 करोड़ रुपये से अधिक का वितरण किया गया। किसानों को भुगतान प्राप्त करने के लिए अपडेट किए गए रिकॉर्ड सुनिश्चित करने चाहिए और पीएम किसान आधिकारिक वेबसाइट पर स्थिति की जांच कर सकते हैं।

अस्वीकरण: यह ब्लॉग विशेष रूप से शैक्षिक उद्देश्यों के लिए लिखा गया है। उल्लिखित प्रतिभूतियां केवल उदाहरण हैं और सिफारिशें नहीं हैं। यह व्यक्तिगत सिफारिश/निवेश सलाह नहीं है। इसका उद्देश्य किसी व्यक्ति या संस्था को निवेश निर्णय लेने के लिए प्रभावित करना नहीं है। प्राप्तकर्ताओं को निवेश निर्णयों के बारे में स्वतंत्र राय बनाने के लिए अपना शोध और मूल्यांकन करना चाहिए।

क्या केंद्र सरकार के कर्मचारियों की सेवानिवृत्ति की आयु 60 वर्ष से बदल रही है?

हाल के हफ्तों में, केंद्र सरकार के कर्मचारियों के लिए सेवानिवृत्ति की आयु में संभावित बदलाव के बारे में अटकलें फिर से सामने आईं, जिससे विभागों और सार्वजनिक मंचों में चर्चा छिड़ गई। हालांकि, कार्मिक मंत्रालय ने संसदीय सत्र के दौरान एक आधिकारिक स्पष्टीकरण के साथ सभी संदेहों को दूर कर दिया है।
 

सेवानिवृत्ति की आयु में कोई बदलाव नहीं, सरकार का कहना है

केंद्रीय मंत्री जितेंद्र सिंह ने संसद में सवालों का जवाब देते हुए स्पष्ट रूप से कहा कि सरकार का केंद्रीय सरकारी कर्मचारियों की सेवानिवृत्ति की आयु बदलने का कोई इरादा नहीं है। वर्तमान सेवानिवृत्ति की आयु 60 वर्ष बनी हुई है। यह दोहराव संसद सदस्यों द्वारा पिछले कुछ सत्रों में उठाए गए कई प्रश्नों के बाद आया है। 

सेवानिवृत्ति के बाद रिक्तियों पर स्पष्टीकरण

सदन में एक और सवाल उठाया गया कि क्या सरकार उन पदों को समाप्त कर रही है जो कर्मचारी सेवानिवृत्ति के कारण खाली हो गए हैं। जवाब में, मंत्री ने पुष्टि की कि ऐसी रिक्तियों को समाप्त करने की कोई मौजूदा नीति नहीं है। इसके अतिरिक्त, जब पूछा गया कि 2014 से कितने पद हटाए गए हैं, तो सरकार ने कहा कि इस संबंध में कोई आधिकारिक डेटा उपलब्ध नहीं है। 

केंद्र बनाम राज्य: सेवानिवृत्ति की आयु में अंतर क्यों?

कर्मचारियों के लिए सेवानिवृत्ति की आयु केंद्र और राज्य सरकारों के बीच भिन्न होती है। इस विसंगति के जवाब में, केंद्र ने समझाया कि सेवानिवृत्ति की आयु व्यक्तिगत राज्यों के दायरे में आती है। नतीजतन, केंद्र सरकार इस मामले पर तुलनात्मक डेटा नहीं रखती है। 

कर्मचारी संघ और सेवानिवृत्ति की आयु की मांग

अक्सर यह अनुमान लगाया जाता है कि कर्मचारी संघ सेवानिवृत्ति की आयु में बदलाव के लिए लॉबिंग कर सकते हैं, या तो वृद्धि या कमी। हालांकि, सरकार ने स्पष्ट किया कि संयुक्त परामर्श तंत्र के तहत राष्ट्रीय परिषद से कोई औपचारिक प्रस्ताव प्राप्त नहीं हुआ है।

वर्तमान स्थिति अपरिवर्तित बनी हुई है

अभी तक, केंद्र सरकार के कर्मचारी 60 वर्ष की आयु में सेवानिवृत्त होते रहेंगे। जबकि राज्यों की अलग-अलग नीतियां हो सकती हैं, केंद्र से यह पुष्टि हालिया अटकलों को दूर करती है। घोषणा का उद्देश्य सेवानिवृत्ति के करीब कर्मचारियों और कार्यबल आवश्यकताओं की योजना बनाने वाले विभागों के लिए स्पष्टता और स्थिरता लाना है। 

निष्कर्ष

कार्मिक मंत्रालय की प्रतिक्रिया सेवानिवृत्ति ढांचे में बदलाव के बारे में बढ़ती अटकलों के बीच एक समय पर स्पष्टीकरण के रूप में कार्य करती है। क्षितिज पर कोई प्रस्तावित परिवर्तन नहीं होने के कारण, कर्मचारी मौजूदा नीति के तहत अपनी योजना जारी रख सकते हैं। यह मामला, हालांकि अक्सर सार्वजनिक प्रवचन में फिर से देखा जाता है, भविष्य के लिए तय होता हुआ प्रतीत होता है। 

अस्वीकरण: यह ब्लॉग विशेष रूप से शैक्षिक उद्देश्यों के लिए लिखा गया है। उल्लिखित प्रतिभूतियां केवल उदाहरण हैं और सिफारिशें नहीं हैं। यह व्यक्तिगत सिफारिश/निवेश सलाह नहीं है। इसका उद्देश्य किसी व्यक्ति या संस्था को निवेश निर्णय लेने के लिए प्रभावित करना नहीं है। प्राप्तकर्ताओं को निवेश निर्णय लेने के बारे में एक स्वतंत्र राय बनाने के लिए अपना शोध और मूल्यांकन करना चाहिए।
 

प्रतिभूति बाजार में निवेश बाजार जोखिमों के अधीन हैं, निवेश करने से पहले सभी संबंधित दस्तावेजों को ध्यान से पढ़ें।
 

Meesho to Rename Legal Entity Ahead of $1 Billion IPO: Board Approves Strategic Move

Homegrown e-commerce company Meesho has received board and member approval to change its legal name from “Fashnear Technologies Private Limited” to “Meesho Private Limited,” as per a regulatory filing with the Registrar of Companies (RoC), as per a news report. The move is a strategic decision ahead of its upcoming IPO.

Rationale Behind Rebranding Meesho’s Legal Entity Name

According to the filing, Meesho has built strong brand recognition, leadership in the e-commerce sector, and significant customer trust. The board believes it is essential to align the company’s legal identity with the established Meesho brand for better market clarity and positioning.

Meesho IPO Preparations Underway

This development follows reports that Meesho is preparing for a $1 billion IPO. The company has reportedly engaged Morgan Stanley, Kotak Mahindra Capital, and Citi as advisers, and may include JP Morgan in the syndicate. The IPO, which could value Meesho at US$10 billion, is expected around Diwali 2025.

Meesho ESOP Buyback Worth ₹200 crore

In addition to its IPO plans, Meesho recently rolled out its largest-ever employee stock ownership plan (ESOP) buyback worth ₹200 crore, benefiting 1,700 current and former employees. The co-founders also exercised 27 lakh options valued at US$120 million.

Strong Financial Performance

The company reported ₹7,615 crore in revenue in FY24, reflecting a 33% year-on-year growth. It also cut adjusted losses by 97% to ₹53 crore. In the first 9 months of FY25, Meesho processed 1.3 billion orders.

Conclusion

By renaming its legal entity and preparing for a major IPO, Meesho is solidifying its market identity and financial credibility. This strategic repositioning underscores the company’s growth trajectory and future ambitions.

Read more on: Bajaj Finance Declared Bonus Shares, 1:1 Stock Split, and Record ₹56 Dividend

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute 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.

Aadhaar, PAN, Ration Cards Invalid Citizenship Proof: Delhi Police on Illegal Migrants Crackdown

In a major shift amid an intensified crackdown on illegal migrants, Delhi Police, acting on directives from the Centre, has ruled that Aadhaar cards, PAN cards, and ration cards will no longer be accepted as valid proof of Indian citizenship. Instead, only voter ID cards or Indian passports will be accepted during verification drives targeting foreign nationals suspected of residing illegally in the Capital.

Background of the Policy Shift

As per a news report, the move comes after authorities discovered that many undocumented migrants, particularly Bangladeshis, and Rohingyas, had acquired government-issued documents, like Aadhar, Ration, and PAN cards, to falsely establish Indian citizenship. During verification drives launched in October 2024, some migrants were also found in possession of UNHCR refugee cards.

Surveillance and Deportation Measures

Deputy Commissioners of Police in all Delhi districts have been instructed to increase vigilance over suspicious individuals. Delhi Police and intelligence agencies are working together to identify and deport illegal migrants. Officials clarified that refugee status without valid travel documents does not exempt foreign nationals from deportation.

Crackdown on Pakistani Nationals

In a related development, nearly 400 of the 520 Muslim Pakistani nationals living in Delhi have voluntarily returned to Pakistan. Their visas were revoked following a directive from the Union Ministry of Home Affairs (MHA), after a terrorist attack in Jammu and Kashmir. Effective April 27, the MHA has revoked all Pakistani visas, except those issued for diplomatic, medical, or long-term purposes; existing medical visas will be invalidated after April 29. 

Clarification on Long Term Visas

The government clarified that long-term visas granted to Hindu Pakistani nationals will remain valid. Delhi Police and the Intelligence Bureau have been tasked with further verifying records and ensuring timely deportation of non-exempt individuals.

Conclusion

The Centre’s revised verification protocol aims to prevent the misuse of Indian identity documents by illegal migrants. Authorities remain focused on identifying and deporting individuals residing unlawfully.

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. 

Apple Accelerates iPhone Move to India; Tata Electronics Starts Production

Apple has intensified its efforts to reduce dependency on China by expanding iPhone manufacturing in India. According to a news report, Tata Electronics has officially begun assembling iPhones at its new facility in Tamil Nadu, while Foxconn is preparing to launch production at its upcoming plant in Bengaluru.  

Tata Electronics Begins iPhone Assembly at Hosur  

Tata’s factory, a new addition to Apple’s supply chain, is currently operating a single production line assembling older iPhone models, as per news reports. The facility marks Tata’s growing role in Apple’s local manufacturing ambitions, especially after acquiring Wistron’s India operations in 2023.  

Foxconn Readies Major Investment in Karnataka  

Foxconn, Apple’s largest global manufacturing partner, is setting up a $2.6 billion facility in Bengaluru, Karnataka. Initial output is expected to focus on iPhone 16 and 16e models, with a production rate of 300–500 units per hour in the early phase.  

The facility is expected to create 50,000 jobs upon completion, projected for December 2027. 

Apple’s Broader Shift Away from China  

According to Counterpoint Research, India currently accounts for 18% of global iPhone production.  Apple still makes over 75% of its iPhones in China, but it aims to move a significant share, especially US-bound models, to India by the end of 2026.  

This pivot is driven by geopolitical pressures, including potential new US tariffs on China-made electronics.  

March iPhone Export Surge Breaks Records  

Apple shipped iPhones worth $2 billion from India in March 2025, a monthly record. Foxconn alone accounted for $1.3 billion of this. The shipment surge was aimed at preempting tariff hikes in the US. 

Also Read: Tata Sons Probe Finds Code Violation But No Personal Gain!

Conclusion  

Apple’s partnership with Tata and Foxconn in India reflects a determined shift in its manufacturing geography. As production scales up and export milestones are reached, India is emerging as a key hub to Apple’s global supply chain strategy.  

 

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.