Direct-to-Mobile Phones to Strengthen ‘Make in India’ Initiative

In a notable move set to reshape India’s digital consumption landscape, Free Stream Technologies, Lava International, and Human Mobile Devices (HMD) Global have jointly announced plans to launch Direct-to-Mobile (D2M) phones. This announcement, made just ahead of the World Audio Visual and Entertainment Summit (WAVES) 2025 in Mumbai, signals a fresh chapter in accessible digital media for the Indian public.

What Is Direct-to-Mobile (D2M) Technology?

Direct-to-Mobile (D2M) is an emerging broadcasting technology that allows live TV, video, audio, and text messages to be delivered straight to mobile phones through terrestrial television broadcast airwaves. What sets it apart is that it requires no Wi-Fi or internet connection. This breakthrough means that users can enjoy a variety of multimedia services—including entertainment, sports, educational content, and emergency alerts—without relying on mobile data or broadband.

Supporting a Developed India Vision

The introduction of D2M technology aligns closely with Prime Minister Narendra Modi’s vision of “Viksit Bharat” (Developed India). By enabling uninterrupted access to information and entertainment across urban and rural regions alike, D2M phones hold the potential to bridge the digital divide. This also lends strong support to the government’s ‘Make in India’ and ‘Design in India’ initiatives, especially as the new devices are expected to be powered by Tejas Networks’ Security Level (SL)-3000 D2M chipsets.

Collaboration Driving Domestic Innovation

The strategic partnership among Free Stream Technologies, Lava, and HMD Global is aimed at establishing a scalable ecosystem for D2M-enabled devices in India. Mr. Sumeet Nindrajog, Director of Free Stream Technologies, stated that the role of Lava and HMD is crucial in making these devices affordable and accessible to a wide consumer base. This collaborative approach also highlights the maturity of India’s hardware manufacturing and design capabilities.

Tejas Networks’ Role and Added Capabilities

Tejas Networks, a key Indian telecom equipment manufacturer, is playing a central role by offering the core network infrastructure that powers this new technology. This platform is designed not only to broadcast standard content but also to enable targeted advertisements, educational content, and real-time emergency alerts. This makes the platform both commercially viable and socially beneficial.

Backed by Academic and Government-Led Trials

The deployment of D2M technology is built upon successful proof-of-concept trials led by IIT Kanpur and Prasar Bharati. These trials confirmed the feasibility of D2M broadcasts across varied environments in India and demonstrated the readiness of the infrastructure for national deployment. This adds a layer of confidence to the initiative, suggesting that the country is now ready for a wider rollout.

Conclusion

The initiative also stands as a testament to growing collaboration between India and the United States in the field of digital infrastructure and emerging technologies. It showcases how 2 large democracies can jointly contribute to the global technological ecosystem through shared innovation and mutual interest.

Read More: Apple Begins Exporting Made-in-India AirPods: A Shift in Global Supply Chain

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 Mandates Use of PRAVAAH Portal for All Regulatory Applications from May 1, 2025

The Reserve Bank of India (RBI) has issued a directive requiring all regulated financial entities to use the PRAVAAH portal for submitting applications related to licences, authorisations, and approvals starting May 1, 2025. This move aims to centralise regulatory communications and bring uniformity across the financial system.

What Is the PRAVAAH Portal?

PRAVAAH, short for Platform for Regulatory Application, Validation and Authorisation, is a secure, web-based digital platform introduced by the RBI. Designed to streamline the application process, PRAVAAH enables individuals and entities to file, track, and manage various regulatory requests through a single unified system.

Scope and Applicability

From May 1, 2025, the RBI mandates the exclusive use of PRAVAAH by all Regulated Entities (REs), which include:

  • Scheduled Commercial Banks (including Small Finance Banks, Local Area Banks, and Regional Rural Banks)

  • Urban Co-operative Banks

  • State and Central Co-operative Banks

  • All-India Financial Institutions

  • Non-Banking Financial Companies (NBFCs), including Housing Finance Companies

  • Primary Dealers

  • Payment System Operators

  • Credit Information Companies

These entities must submit their applications via PRAVAAH using the forms available on the platform.

Read More- RBI Monitors Sale of Bad Loans to ARCs Amid Rising Concerns. 

Reason Behind the Directive

Although PRAVAAH has been operational for nearly a year and has already processed around 4,000 applications, the RBI observed that many entities continued to use legacy submission channels. To eliminate delays, improve transparency, and enhance monitoring efficiency, the RBI has now made the platform’s use mandatory.

Process Guidance for Regulated Entities

In its official statement, the RBI clarified that instructions regarding portal access, application submission, and status tracking are available on the PRAVAAH portal itself. This ensures that the transition to the digital system is smooth and does not interrupt the compliance obligations of any entity.

Conclusion

With this directive, the RBI reinforces its commitment to a more digital, transparent, and efficient regulatory environment. The uniform adoption of PRAVAAH is expected to simplify the interface between the RBI and financial entities, ultimately strengthening regulatory governance.

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 Postpones Deadline for T+0 Settlement Cycle for QSBs to November 1, 2025

The Securities and Exchange Board of India (SEBI) has officially extended the implementation timeline for the optional T+0 rolling settlement cycle for Qualified Stock Brokers (QSBs) to 1 November 2025. This extension follows feedback received from QSBs and discussions with market participants, aiming to ensure a seamless transition without altering the original regulatory framework issued in December 2024.

Extension Granted Following Industry Feedback

Capital markets regulator SEBI announced on Tuesday that the deadline for operational readiness for QSBs, initially set for 1 May 2025, has now been extended to 1 November 2025. The decision comes in response to feedback from QSBs and consultations with stock exchanges, clearing corporations, depositories, and brokers.

“In order to ensure smooth implementation, it has been decided to extend the timeline for QSBs for putting in place the necessary systems and processes for enabling seamless participation of investors in optional T+0 settlement cycle, to November 1, 2025,” the Securities and Exchange Board of India (SEBI) said in a circular.

Framework and Responsibilities Remain Unchanged

As per SEBI’s earlier framework, stock brokers who are designated as QSBs and meet the parameter of minimum number of active clients for qualification as QSB as on 31 December 2024 must implement the required systems and processes to support the optional T+0 settlement cycle. Additionally, newly recognised QSBs must adopt the systems within three months of being included in the updated list.

The regulator also instructed market infrastructure institutions (MIIs) to amend relevant rules and byelaws, ensure implementation of the updated provisions, and communicate the changes widely to both market participants and investors.

SEBI had first introduced the optional T+0 (same day) settlement cycle in the equity cash market for 25 scrips in March 2024, available only to non-custodian clients. Later in December, the scope was expanded to include the top 500 scrips by market capitalisation.

Read More: BSE to Introduce T+0 Settlement for Block Deal Trading from May 2, 2025

Conclusion

The extension to 1 November 2025 for QSBs to implement the optional T+0 settlement cycle reflects SEBI’s commitment to a structured and coordinated transition. While the timeline is revised, the regulatory framework and operational guidelines from the December 2024 circular remain fully in effect.

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. 

Endurance Technologies to Invest ₹473 Million for New Battery Plant in Maharashtra

Endurance Technologies Ltd. plans to set up a new manufacturing unit in Mindewadi, Maval, Pune, Maharashtra. This plant will produce lithium-ion battery Packs that can be used in electric mobility and energy storage systems.

Key Investment Details

The company will spend around ₹473 million on this project. It will be funded through the company’s own savings (internal accruals). The new production capacity will be about 35,000 battery packs per month and will be rolled out in phases starting from the last quarter of the financial year 2025-26.

Product Information  

The new product is Lithium-Ion Battery Packs, expected to launch in January 2026. These battery packs are targeted only at the domestic market for now. This is a completely new line, so there is no existing capacity or usage at present.

Purpose and Strategy

The aim is to meet the rising demand for electric batteries in the mobility and energy storage sectors. This move also expands Endurance Technologies’ product range, alongside what its subsidiary, Maxwell Energy Systems Pvt. Ltd., already provides. It’s a strategic step to support sustainable development and future-oriented technology.

 

Read More: Endurance Technologies Secures ₹6,060.32 Million Industrial Subsidy Approval From Maharashtra Govt

Share Price Performance 

As of April 30, 2025, at 10:35 AM, Endurance Technologies share price is trading at ₹1,903.60, reflecting a surge of 0.50% from the previous day’s closing price. Over the past month, the stock has declined by 1.29%. The stock’s 52-week high stands at ₹3,061.30 per share, while its low is ₹1,675 per share.

Conclusion

This strategic initiative highlights Endurance Technologies’ commitment to innovation and sustainability. By entering the battery production space, the company is taking a forward-thinking step to support the growing electric mobility trend and expand its role in green technology solutions.

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 Post and SBI Mutual Fund Join Hands for Easier Mutual Fund KYC Across India

In a significant move to streamline the customer onboarding process for mutual fund investors, the Department of Posts (DoP) has formed a strategic partnership with SBI Funds Management Limited (SBIFM). 

 

The collaboration, formalised through a Memorandum of Understanding (MoU), aims to simplify the Know Your Customer (KYC) process by utilising India Post’s vast nationwide network. This initiative ensures greater accessibility, security, and regulatory compliance for investors, aligning with India’s broader financial inclusion goals.

Extending Financial Services through India Post’s Reach

India Post’s extensive network of over 1.64 lakh post offices, including those in the most remote parts of the country, positions it uniquely to support this initiative. These post offices provide critical financial services even in areas with limited infrastructure or traditional banking options. 

Under the agreement, trained personnel from India Post will visit investors’ homes to collect the necessary KYC forms and documents, thereby ensuring a seamless and secure process. This effort not only addresses logistical challenges but also ensures accuracy and privacy in handling sensitive information.

The service is especially advantageous for those in underserved areas, including rural regions, small towns, and isolated communities. Additionally, it significantly benefits senior citizens and individuals with mobility constraints by enabling them to complete the KYC process from their residences.

Read More: India Post and Nippon India Mutual Fund Partners to Deliver Doorstep KYC Services

Supporting Government Initiatives for Financial Inclusion

This initiative directly supports the Government of India’s Jan Nivesh programme, designed to enhance participation in capital markets. It also contributes to the broader goals of the Digital India mission by digitising key aspects of financial services. Through this collaboration, India Post helps simplify the KYC procedure and raises awareness about the importance of financial compliance, thereby creating a gateway for rural and semi-urban populations to engage in investment opportunities like mutual funds.

India Post’s capability in managing such operations has already been established through successful partnerships with UTI Mutual Fund and SUUTI (Securities and Exchange Board of India’s public fund), where over five lakh KYC verifications were completed in a short span. This demonstrates its efficiency, security standards, and operational scale.

India Post continues to explore further partnerships with both public and private financial institutions. With its robust infrastructure and trained workforce, it remains a key player in boosting financial literacy, digital onboarding, and investment participation across India.

Conclusion

The collaboration between the Department of Posts and SBI Funds Management Limited marks a major step in facilitating secure and accessible mutual fund investments for all segments of the population. By leveraging India Post’s unmatched outreach, the initiative reinforces efforts toward a more inclusive and digitally empowered financial ecosystem.

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

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

NFO Alert: Mirae Asset Mutual Fund Launches Nifty50 Equal Weight ETF

Mirae Asset Investment Managers has announced a New Fund Offer (NFO) for its latest exchange-traded fund – Mirae Asset Nifty50 Equal Weight ETF. The scheme is to replicate or track the Nifty50 Equal Weight Total Return Index.

  • NFO Opens: April 30, 2025.
  • NFO Closes: May 6, 2025.
  • Reopens for Sale and Repurchase: May 12, 2025.
  • Listing: To be listed on the NSE and BSE within 5 business days from the date of allotment.

Scheme Overview

This is an open-ended ETF that will invest in the 50 stocks that constitute the Nifty50 Equal Weight Index, assigning equal weight to each stock. The objective is to track the performance of the index as closely as possible, subject to tracking error. The scheme does not assure or guarantee returns.

Investment Details

    • Scheme Name: Mirae Asset Nifty50 Equal Weight ETF.
    • Type of Scheme: Open-ended, index-based ETF.
    • Benchmark Index: Nifty50 Equal Weight Total Return Index.
    • Minimum Investment (during NFO): ₹5,000 and in multiples of ₹1 thereafter.
    • Fund Managers: Ekta Gala and Akshay Udeshi.
    • Taxation: Treated as an equity-oriented fund for tax purposes.
  • Lock-in Period: NA.
  • Exit Load: 0.
  • Plans: Growth.
  • Riskometer: Very High.

Read more: NFO Alert: UTI Mutual Fund Launches UTI Multi Cap Fund.

Index Methodology

The underlying index includes the same 50 companies as the Nifty50 Index, but with equal weighting assigned to each stock. This approach avoids concentration in a few large-cap companies, unlike the standard market-cap weighted index.

Post-NFO

After reopening on May 12, 2025, units can be bought and sold through the stock exchanges. The trading price may differ from the net asset value depending on market conditions.

Conclusion

The fund is structured to mirror the Nifty50 Equal Weight Index and will be available through both the primary NFO window and secondary markets post-listing.

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

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

Sumant Kathpalia Steps Down as IndusInd Bank CEO & MD Over Derivatives Accounting Lapses

Sumant Kathpalia has resigned as Managing Director and CEO of IndusInd Bank with effect from the close of business hours on April 29, 2025. In his resignation letter, he cited the ongoing issue related to the accounting of internal derivative trades and said he was stepping down, taking moral responsibility.

Accounting Discrepancy and Impact

IndusInd Bank had earlier disclosed accounting discrepancies in its internal derivatives portfolio. An external forensic review conducted by Grant Thornton reported a cumulative impact of ₹1,960 crore on the bank’s profit and loss account. 

A separate review estimated the hit to the bank’s net worth at 2.27% as of December 2024. The bank said it would reflect the impact in its FY25 financials and stopped all internal derivative trades from April 1, 2024.

Deputy CEO Also Steps Down

One day before Kathpalia’s resignation, Arun Khurana resigned from his role as whole-time director and deputy CEO. He referred to the adverse accounting impact identified by the bank and noted his oversight of the treasury front office. Khurana was also serving as interim CFO after Gobind Jain resigned in January 2025. Santosh Kumar, the bank’s chief accountant, was appointed as special officer for finance and accounts on April 18, until a full-time CFO is hired.

Board Actions and Interim Arrangements

The bank’s board has sought approval from the Reserve Bank of India to form a committee of executives to manage CEO duties temporarily. This is under Section 10B(9) of the Banking Regulation Act, which permits banks to make interim arrangements for up to four months.

Read more: IndusInd Bank Share Price Drops 6% Amid Forensic Audit Over ₹600 Crore Discrepancy.

Market Reaction

As of 9:24 AM on April 30, 2025, IndusInd Bank share price was trading at ₹819.55, down 2.08%. The stock has declined 20.66% over the past six months and 44.75% over the past year.

Conclusion

With senior-level exits and regulatory attention, IndusInd Bank is managing its operations through interim measures while addressing internal control issues linked to the derivatives accounting matter.

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.

Travel Food Services Gets SEBI Nod to Launch IPO of ₹2,000 Crore

Travel Food Services Ltd. has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its Initial Public Offering (IPO). The observation letter, which acts as a clearance to launch the issue, was issued on April 22, 2025. The company had submitted its draft red herring prospectus on December 10, 2024.

IPO Structure

The proposed IPO is a ₹2,000 crore offer-for-sale by the promoter, Kapur Family Trust. Since it is a complete OFS, the company itself will not receive any funds from the issue. The proceeds will go to the selling shareholder after deducting issue-related expenses. There is also a portion reserved for eligible employees.

Listing and Management

The equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Kotak Mahindra Capital Company Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd., ICICI Securities Ltd., and Batlivala & Karani Securities India Pvt. Ltd. are the book-running lead managers. Link Intime India Pvt. Ltd. is the registrar to the issue.

Read More: Travel Food Services Limited Files DRHP for ₹2,000 Crore IPO.

Company Background

Travel Food Services operates food and beverage outlets and private lounges at airports and highway locations in India and Malaysia. The company is part of K Hospitality, backed by SSP Group Plc and the Kapur Family Trust. It opened its first outlet in 2009. 

The company operates using 117 partner and in-house brands. Its in-house brands include Caféccino, Dilli Streat, idli.com, and Curry Kitchen.

As of June 30, 2024, they were running 397 travel quick-service restaurants (QSRs) and 31 lounges. These are spread across 14 airports in India and 3 airports in Malaysia. A new lounge was opened in Hong Kong in July 2024. Of its 340 outlets in India, 313 are located inside airports.

Financials

For the quarter ending June 30, 2024, Travel Food Services reported ₹409.86 crore in operating revenue and ₹59.55 crore in profit after tax.

Conclusion

With the regulatory approval now received, Travel Food Services can move forward with its IPO. Since the issue is fully an offer-for-sale, the funds raised will go to the promoter, and there will be no capital inflow into the company. 

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.

Maharashtra Cabinet Approves New Electric Vehicle Policy

According to the news reports, the Maharashtra state cabinet has approved the Electric Vehicle Policy 2025, aimed at increasing the adoption of electric vehicles across categories and improving related infrastructure. The policy will remain in effect until 2030 and has a total allocation of ₹1,993 crore.

Revised Coverage and Benefits

The revised policy extends benefits beyond two and three-wheelers to include private four-wheelers, buses, goods carriers, and electric tractors. Passenger EVs will receive a 10% subsidy on the total vehicle cost, while electric goods-carrying vehicles and tractors will get 15% subsidy.

All EVs registered under this policy will be exempt from registration fees. In addition, full toll waivers have been approved for EVs using the Mumbai-Pune Expressway, Atal Setu, and Samruddhi Mahamarg, while 50% toll concessions will apply on state and other national highways.

Charging Infrastructure 

Charging stations will be installed at 25 km intervals along national highways. The policy proposes making it mandatory for new housing societies to include EV charging stations, without which occupancy certificates may not be granted. For older societies, installation support will be facilitated through elected local representatives.

Budget Provisions by Local Bodies

Municipal corporations across the state will be required to allocate 1% of their annual budgets to EV infrastructure development. This includes provisions for public charging facilities and other ecosystem support.

Read more: Maharashtra Govt Greenlights Bike Taxi Policy with 100% Electric Vehicle Mandate.

Additional Support and Loan Facilities

To ease the cost burden on consumers, the policy includes access to 100% loan facilities on EV purchases. It also mentions that the government may consider additional incentives if required in the future, subject to review.

The approval of this policy comes amid larger infrastructure plans in Maharashtra, with $100 billion in investment expected to be tied up over the coming months. This investment will make Maharashtra a key manufacturing and logistics hub in the country.

Conclusion

The new policy outlines direct subsidies, toll and fee exemptions, infrastructure requirements, and civic funding commitments. It is applicable to both personal and commercial EVs and will be in force until 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.

RBI New ATM Charges from May 1: How Many Free Transaction Limits Are Allowed?

Starting May 1, 2025, the Reserve Bank of India (RBI) will implement new rules for ATM transactions. You will be charged at a higher rate per transaction when you make an ATM withdrawal beyond limit.

How Many Free ATM Transactions are Allowed?

Customers will now be entitled to 3 free ATM transactions per month in metropolitan cities and 5 in non-metropolitan areas. These include both financial and non-financial transactions, as per news reports.

Updated ATM Charges Beyond Free Limit

Once the free monthly limit is exceeded, banks can charge up to ₹23 per transaction, plus applicable taxes. This fee applies to both financial and non-financial activities across all ATMs, including Cash Recycler Machines (CRMs)—except for cash deposits, which remain free.

Bank-specific ATM Changes

Several major banks have started informing customers:

HDFC Bank

₹23 + taxes for cash withdrawals beyond the free limit at its own ATMs; non-financial transactions remain free at HDFC ATMs only.

Punjab National Bank (PNB)

From May 9, 2025, charges will be ₹23 for financial transactions and ₹11 for non-financial ones at other banks’ ATMs.

IndusInd Bank

All customer categories (Savings, Salary, NRI, Current) will face ₹23 charges for cash withdrawals at non-IndusInd ATMs beyond free limits.

Customer Advisory

Customers should note:

  • Track ATM usage to avoid additional charges.
  • Limit usage at other banks’ ATMs, especially in metro areas.
  • Be aware that CRMs also incur charges except for cash deposits.

Context and Trends

The move aims to optimise ATM operations and promote digital banking alternatives.

RBI data reveals a steady decline in ATM withdrawals:

  • Jan 2023: 57+ crore transactions
  • Jan 2024: 52.72 crore
  • Jan 2025: 48.83 crore

Despite this trend, cash remains a critical part of India’s economy. The 2021 revision of fees contributed to expanding the country’s ATM infrastructure.

Please note that;

  • Micro-ATMs, interoperable cash deposits, and international ATM transactions are excluded from the updated charges.
  • NPCI’s new communication outlines balance inquiry fees in Nepal and Bhutan, excluding GST.

Conclusion

The RBI’s updated framework seeks to balance ATM maintenance costs for banks with customer transparency, while nudging users toward digital payment systems.

Read more on: RBI Allows Children Aged 10 and Above to Open and Operate Bank Accounts

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.