India’s Consumer Market to Reach $ 4.3 Trillion by 2030, Becoming World’s 2nd Largest

As per news reports, India’s consumer spending is set to witness a 46% surge over the next 6 years, reaching a staggering ₹372 lakh crore (US$ 4.3 trillion) by 2030, up from ₹208 lakh crore (US$ 2.4 trillion) in 2024. This growth is attributed to rising incomes, a young workforce, and increased digital penetration, making India the world’s 2nd largest consumer market after China.

Rising Incomes and a Young Workforce to Drive Growth

India’s median age of 28 years is significantly lower than that of China and the US, ensuring a growing working-age population. Additionally, women’s labour force participation is increasing, adding to household incomes and expanding discretionary spending. These demographic advantages are expected to fuel consumption across sectors.

Urbanisation and Digital Revolution Reshaping Consumer Behaviour

With rapid urbanisation, Indian consumers are shifting from unorganised retail to branded and organised sectors. The move from unbranded to branded products alone is expected to unlock ₹52 lakh crore (US$ 600 billion) in additional consumer spending.

Moreover, e-commerce and digital payments are reshaping buying habits, making transactions seamless and widening market accessibility. As financial inclusion deepens, digital platforms are bridging the gap between urban and rural markets, leading to increased demand for premium products and services.

Rural Markets: An Untapped Consumer Opportunity

While urban areas remain the primary drivers, rural India holds immense potential. With rising incomes and improved financial access, rural consumers are increasingly investing in consumer durables and branded goods. As digital penetration expands, credit availability and aspirational spending in rural regions are expected to rise sharply.

The Road Ahead: India’s Shift Towards Premium Consumption

Easy access to credit and financing options is encouraging Indian consumers to upgrade to premium products in categories such as automobiles, electronics, fashion, and FMCG.

As India’s per capita income rises, the structural shift towards branded products and organised retail is laying the foundation for an unprecedented consumer boom. With favourable economic conditions, digital adoption, and a growing middle class, India is set to become a global consumption powerhouse by 2030.

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 to Unveil Its Own AI Model Within 10 Months, Says Union Minister

As per news report, India is gearing up to launch its own large language model (LLM) within the next 10 months, as announced by Union Minister of Information & Broadcasting, Railways, Electronics & IT, Mr Ashwini Vaishnaw. This initiative is part of the India AI Mission, aiming to develop an AI ecosystem that aligns with the country’s diverse cultural and linguistic landscape.

Building a Strong AI Infrastructure

The India AI Compute Facility, a dedicated computing resource for AI research and development, is at the core of this mission. The facility has procured 18,693 high-performance Graphics Processing Units (GPUs), of which nearly 10,000 are already operational. These GPUs will provide computational power to startups, researchers, and developers working on AI innovations.

Comparing India’s progress to global benchmarks, the Minister highlighted that the country now has 15,000 high-end GPUs, bringing it closer to leading AI models like ChatGPT, which was trained on 25,000 GPUs.

Industry Partnerships & Startup Support

Several major industry players, including Jio Platforms, Tata Communications, Yotta, and NextGen Data Centre, are key contributors to this initiative. The government has also invited proposals from AI startups, with 6 developers actively working on AI models. These models are expected to be ready within 4 to 6 months, with a maximum timeline of 8 to 10 months.

Towards an AI Model Tailored for India

Emphasising India’s growing AI capabilities, Mr Vaishnaw expressed confidence that with enhanced algorithmic efficiency, the country would soon develop a world-class AI model suited to its unique requirements. This development not only positions India as a rising AI powerhouse but also strengthens its ability to support innovation, research, and indigenous technology development.

With a rapidly expanding computing infrastructure and strong industry collaborations, India is set to make a significant leap in the artificial intelligence domain within the next year.

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

SBC Exports Announces 3rd Bonus Issue: 1:2 Ratio Approved by Board

SBC Exports Limited has officially approved its 3rd bonus issue, further rewarding its shareholders with additional equity. The company’s Board of Directors, in a meeting held on January 24, 2025, recommended the issuance of 1 bonus share for every 2 shares held (1:2 ratio). This move is subject to shareholder approval through a postal ballot and compliance with regulatory requirements.

This follows previous bonus issues by the company on January 19, 2024 (1:2 ratio) and February 22, 2022 (1:1 ratio), making this the 3rd such initiative in recent years.

SBC Exports shares price made an intraday high of ₹21.45. The stock was trading at ₹21.06 at 9:41 AM on NSE. 

Details of the Bonus Issue

  • Bonus Ratio: 1:2 (one bonus share for every two shares held)
  • Total Bonus Shares Issued: 15.87 crore equity shares
  • Pre-Bonus Share Capital: ₹31.74 crore
  • Post-Bonus Share Capital: ₹47.61 crore
  • Funding Source: Free reserves
  • Allotment Timeline: Within 2 months from Board approval

The bonus shares, once allotted, will carry the same rights as existing shares and will be eligible for dividends and other corporate actions declared after the issuance.

How Will Fractional Shares Be Handled?

In cases where shareholders are entitled to fractional shares, the company has outlined a process to ensure fair treatment. The Board has authorised an Independent Director to hold these fractional shares in trust, sell them at the prevailing market rate, and distribute the proceeds proportionally to eligible shareholders.

Rationale Behind the Bonus Issue

SBC Exports has consistently rewarded its shareholders with bonus issues, reflecting confidence in its financial strength and future growth potential. The latest bonus issue is backed by free reserves of ₹18.58 crore as of September 30, 2024, ensuring the company maintains a strong capital structure while enhancing liquidity for investors.

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

Beta Drugs Ltd Board to Consider Bonus Issue on February 5

Beta Drugs Ltd., a prominent player in the Indian oncology (anti-cancer) pharmaceutical industry, is renowned for manufacturing an extensive array of oncology drugs. With a robust presence both domestically and in export markets, the company ranks among the top 10 oncology firms in India. Many of its flagship products are recognised as market leaders. As of now, Beta Drugs Ltd. boasts a market capitalisation of ₹1,977 crore.

Beta Drugs Ltd., Board Meeting Announcement 

The Board of Directors of Beta Drugs Ltd. will convene on Wednesday, February 5, 2025. During this critical meeting, the Board will deliberate on several key strategic initiatives, including:

  1. The proposal for an increase in the authorised share capital of the Company, alongside a consequential amendment to the capital clause in the Memorandum of Association.
  2. A discussion on, and approval for, the issuance of Bonus Shares, subject to the approval of the shareholders.
  3. The consideration and appointment of distinguished Independent Directors to further strengthen the Board’s expertise.
  4. A proposal to migrate the listing and trading of the Company’s equity shares from the Emerge platform of the National Stock Exchange of India (NSE) to the esteemed main board of NSE, in addition to the main board of BSE Ltd.
  5. Approval of the draft Notice for the e-voting process through Postal Ballot.
  6. Appointment of a Scrutiniser to oversee the Postal Ballot event, ensuring transparency and full compliance with regulatory standards.

Beta Drugs Ltd. Q2 FY25 Financial Results

Beta Drugs Ltd. has announced its financial performance for the first half of the fiscal year 2025, covering the period from 1st April to 30th September 2024. The company reported a revenue of ₹1,803.03 million, reflecting a commendable 28% growth compared to ₹1,412.69 million in the same period last year. 

Net profit surged to ₹244.36 million, an increase of 23% from ₹198.73 million in the previous year. Earnings per share (EPS) reached ₹25.42, marking a solid rise from ₹20.67 in the first half of FY24.

Beta Drugs Ltd. Share Price and Performance 

At 2:29 PM today, Beta Drugs Ltd. shares traded at ₹2,042 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.

NCC Limited Received Order Worth ₹424.79 Crores

NCC Limited is one of India’s leading construction and infrastructure companies. Founded in 1978 and headquartered in Hyderabad, Telangana, NCC operates across various sectors of infrastructure development.

Got Project Value of ₹424.79 Crores

NCC Limited (formerly Nagarjuna Construction Company Limited), a prominent player in India’s construction and infrastructure landscape, has announced the acquisition of a significant contract valued at ₹424.79 crores (excluding GST) from a State Government authority. 

The project, awarded under the company’s Transportation Division, is slated for completion within a 24-month timeframe. Importantly, the engagement involves no participation from promoter groups or related parties, underscoring its status as a purely external venture.

Strategic Expansion and Infrastructure Leadership

This development reaffirms NCC Limited’s strategic ambition to expand its footprint within India’s burgeoning infrastructure sector, with a particular focus on transportation projects. The company has reiterated that the contract was awarded through the regular course of business and does not constitute an internal transaction.

Management Insights

A.V. Ranga Raju, Managing Director of NCC Limited, expressed confidence in the company’s trajectory, citing a robust project pipeline and NCC’s pivotal role in contributing to India’s infrastructure development.

Q2 FY25 Financial Performance

The company also reported a remarkable performance for Q2 FY25, ending 30 September 2024. Revenue surged by 10.1% to ₹5,196 crore compared to ₹4,720 crore during the same period last year. Net profit witnessed an extraordinary 110.7% growth, reaching ₹162.96 crore, up from ₹77.34 crore in Q2 FY24.

EBITDA rose sharply by 46% to ₹442.95 crore from ₹303.74 crore in the previous year, with the EBITDA margin strengthening to 8.5% from 6.4%.

Share Price Performance 

At 2:05 PM today, NCC Limited shares traded at ₹215.55 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.

KEI Industries Faces ₹118.07 Crore GST Demand

KEI Industries has received a tax demand for costs incurred at its corporate office that were not allocated to branches and units. The company believes the demand is unjustified and is exploring legal options to contest it.

GST Demand Order Received by KEI Industries  

KEI Industries Limited has recently received a GST demand order from the Office of the Additional Commissioner, Central Goods & Services Tax (CGST), Delhi East. The order relates to tax liabilities identified for the financial years 2017-18 to 2020-21. According to the notice, the company is required to pay a tax amount of ₹59.03 crores under Section 74(1) of the CGST Act, 2017, along with an equal penalty under Section 122(2)(b) and applicable interest under Section 50(1) of the Act.  

Alleged Violation and Financial Implications  

The tax demand is based on the allegation that KEI Industries did not properly cross-charge certain expenditures incurred at its Head Office for services provided to its branches and units. However, the company believes that the demand is not justified. KEI Industries is currently assessing the situation and considering legal options including the possibility of filing an appeal against the order.  

Company’s Response and Next Steps  

KEI Industries has assured stakeholders that this development will not have any significant financial or operational impact on the company. The company is committed to addressing the matter through appropriate legal channels and remains confident in its position. It has also formally disclosed this information as required under SEBI regulations.

About KEI Industries  

KEI Industries Limited is a well-established Indian company specializing in the manufacturing and distribution of wires and cables. With a strong presence in both domestic and international markets, the company provides high-quality electrical solutions for sectors like power, infrastructure, real estate and industrial projects. 

KEI Industries Share Performance 

As of February 03, 2025, at 11:05 AM, KEI Industries shares are trading at ₹3,915.70 per share, down 0.05% from yesterday’s closing price. Over the last month, the stock has fallen by 10.27%. The stock has a 52-week high and 52-week low of ₹5,039.70 per share and ₹2,900.10 per share respectively.

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.

Hazoor Multi Projects to Establish 500 MW Solar Park in Andhra Pradesh

Hazoor Multi Projects Limited (HMPL) has proposed a 500-megawatt solar power project in Andhra Pradesh. The investment of ₹2,500 crore will facilitate the development of a large-scale renewable energy initiative in Prakasam district.

Proposal and Government Support

HMPL has submitted a proposal to set up a solar park over 2,000 acres in Prakasam district. The Andhra Pradesh government has acknowledged the proposal, with the New & Renewable Energy Development Corporation (NREDCAP) set to oversee the successful execution of the project. The state authorities have requested HMPL to submit a detailed project report (DPR) for further evaluation.

Expansion in Renewable Energy

HMPL has been actively expanding its presence in the renewable energy sector. Last week, the company announced its entry into the domestic clean energy market with a 1.2 GW renewable energy project spread across 4,200 acres in Maharashtra. Additionally, HMPL continues its involvement in road construction projects on an engineering, procurement, and construction (EPC) basis.

About HMPL

Hazoor Multi Projects Limited (HMPL), established in 1992, is an Indian company specialising in infrastructure development and real estate. The company operates as an Engineering, Procurement, and Construction (EPC) contractor, focusing primarily on road construction projects. HMPL has undertaken various national highway projects awarded by government authorities, including the Maharashtra State Road Development Corporation Ltd. and the National Highways Authority of India.

HMPL Share Performance

As of February 03, 2025, at 2:10 PM, HMPL shares are trading at ₹54.20, up 0.67% from yesterday. The stock has fallen 5.03% over the past month and has a 52-week range of ₹63.90 to ₹28.41.


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

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

Reliance Retail Brings China’s Shein Back to India With a New Fast Fashion App

Reliance Industries, retail arm, Reliance Retail has reintroduced Shein to the Indian market through the Shein India Fast Fashion app, nearly five years after the brand was banned. The platform offers locally manufactured, affordable clothing, initially catering to major metropolitan areas, with plans for nationwide expansion.

Shein India Fast Fashion App Goes Live

The Shein India Fast Fashion app officially launched on Saturday, providing consumers with a wide range of trendy apparel starting at ₹199. The brand, now operating under Reliance Retail, focuses on locally produced clothing, ensuring accessibility and affordability. Initially, the app serves customers in New Delhi, Mumbai, and Bengaluru, with nationwide availability expected soon.

Reliance Retail Expands Its Fashion Market Presence

Reliance Retail’s decision to introduce a dedicated Shein app marks a significant shift from its usual strategy of integrating international brands into its Ajio platform. The launch directly challenges competitors like Myntra, which is owned by Walmart’s Flipkart. The move is also expected to influence Reliance’s market positioning and share price as it strengthens its foothold in India’s online fashion sector.

Reliance Industries Share Performance

As of February 3, 2025, at 12:10 PM, Reliance Industries shares are trading at ₹1,248.05, down by 1.26% from yesterday. The stock has been flat over the past month showing a minor fall of 0.25% and has a 52-week range of ₹1,608.80 to ₹1,201.50.

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

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

GAVS’ Middle East Business Acquired by Happiest Minds for $1.7 Million

Happiest Minds Technologies has announced the acquisition of GAVS Technologies’ Middle East business for $1.7 million in cash. The deal involves acquiring three entities including InnovazIT Technologies LLC (Dubai), GAVS Technologies LLC (Oman), and GAVS Technologies Saudi Arabia. 

The acquisition is expected to be completed by March 15, 2025, subject to regulatory approvals and filings with the Reserve Bank of India (RBI).

Business Impact and Expansion

With this acquisition, Happiest Minds aims to consolidate existing customer relationships, contracts, and delivery teams in the Middle East. The acquired entities primarily cater to large enterprises in the Banking, Financial Services, and Insurance (BFSI) sector, offering application development, maintenance, and infrastructure support services. 

The businesses being acquired generate an annual revenue of approximately $6.4 million.

No Related-Party Transaction

Happiest Minds has confirmed that this acquisition is not a related-party transaction, and neither the promoters nor the promoter group have any financial interest in the acquired companies. The company stated that this is aimed at transitioning important customer relationships and contracts.

Financial Overview

Happiest Minds has a market capitalisation of ₹10,956.93 crore. In its latest financial report, the company recorded a total revenue of ₹374.6 crore, while operating profit stood at ₹86.5 crore. The acquisition follows Happiest Minds’ strategy of expanding its business presence in the Middle East, particularly in the BFSI and IT services sectors.

After the announcement, Happiest Minds’ share price rose by 4.39% to ₹726.30 during intraday trade today,  on Monday. At 12:24 PM, the stock was trading at ₹718, showing a 3.21% increase. However, over the past six months, the company’s stock has declined by 10%, and over the last year, it has fallen by 17%.

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

Ola Electric to Launch Roadster X on February 5, 2025

Ola Electric is to introduce its first electric motorcycle, the Ola Roadster X, on February 5, 2025. The company had previously announced the prices of its upcoming bikes on August 15, 2025, and showcased them at Auto Expo 2025. The Roadster X will be the entry-level model in the Roadster lineup, with other variants expected later in the year.

Ola Electric Mobility Ltd shares are currently trading at ₹73.85, down 0.48% today as of February 3, 1:46 PM. The stock has declined 18.97% over the past six months but has gained 10.22% in the last five days.

Specifications and Pricing

The Ola Roadster X will come with a 4.5kWh battery that offers a claimed 200 km range and a top speed of 124 kmph. The prices start at ₹74,999 and go up to ₹99,999 (ex-showroom), depending on the variant.

Production and Expected Deliveries

Ola Electric’s CEO, Bhavish Aggarwal, recently shared an image of the Roadster X, stating that production has started. With the launch scheduled for February 5, deliveries are expected to begin soon after.

Stock Exchange Intimation

The company officially informed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) about the launch. The announcement also mentioned that the event will be live-streamed at 10:30 AM on February 5.

Upcoming Models

Apart from the Roadster X, Ola plans to introduce higher-end models like the Roadster and Roadster Pro later this year. The company has been expanding its EV portfolio, moving beyond electric scooters into motorcycles.

Where to Watch the Launch

The launch event will be streamed online, and updates will be available on Ola Electric’s website and investor relations page.

Ola Electric has not yet disclosed details about charging infrastructure, battery replacement options, or financing plans for the new bike. More information is expected at the launch event.

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