Granules Secure US FDA Nod for Lisdexamfetamine Dimesylate Capsules

Granules India Limited, established in 1991 and headquartered in Hyderabad, Telangana, is a vertically integrated pharmaceutical company specialising in the development, manufacturing, and distribution of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosages (FDs). 

Approval From the USFDA

Granules India Ltd, announced on January 30, 2025, that its subsidiary has received final approval from the United States Food and Drug Administration (USFDA) for its generic version of Lisdexamfetamine Dimesylate capsules. This medication is prescribed for the treatment of Attention Deficit Hyperactivity Disorder (ADHD).

The approval granted to Granules Pharmaceuticals, Inc. covers the Abbreviated New Drug Application (ANDA) for capsules in strengths of 10 mg, 20 mg, 30 mg, 40 mg, 50 mg, 60 mg, and 70 mg. The company confirmed that its product is both bioequivalent and therapeutically equivalent to Vyvanse capsules, developed by Takeda Pharmaceuticals USA, Inc., in the same strengths.

About Lisdexamfetamine Dimesylate

Lisdexamfetamine Dimesylate is indicated for managing ADHD in adults and children aged six years and above, as well as for treating moderate to severe Binge Eating Disorder (BED) in adults. Commenting on this milestone, Granules India’s Chairman and Managing Director, Krishna Prasad Chigurupati, said:

“This latest approval reinforces our stronghold in the ADHD therapeutic segment while expanding our portfolio of complex generics. It underscores our commitment to delivering affordable, high-quality treatments that cater to critical patient needs.”

Granules India Q3 FY25 Results

Granules India reported a 6% year-on-year decline in consolidated net profit, which stood at ₹118 crore for the quarter ending December 31, 2024, compared to ₹126 crore in the same period the previous year. Revenue from operations marginally slipped to ₹1,138 crore from ₹1,156 crore in the corresponding period last year.

However, the company demonstrated resilience, with North American operations contributing 77% to total revenue—an impressive increase from 66% in the previous year. Finished dosages constituted 76% of total revenue, while Active Pharmaceutical Ingredients (APIs) and pharmaceutical formulation intermediates contributed 12% each.

Share Price Performance 

At 9:25 AM on January 31, 2025, Granules India Ltd shares traded at ₹560.40 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.

PTC Industries and Government of Odisha Signs an MoU

PTC Industries Limited, a distinguished Indian manufacturer with a legacy spanning over six decades in precision metal components, has announced a monumental partnership with the Government of Odisha. The collaboration aims to set up a cutting-edge aerospace-grade titanium sponge manufacturing facility in the state.

Signed MoU with the Government of Odisha

On January 30, 2025, PTC Industries announced the signing of a Memorandum of Understanding (MoU) with the Government of Odisha to establish a state-of-the-art aerospace-grade titanium sponge manufacturing facility in the region.

 

In an exchange filing, the company stated that this initiative would position PTC among the select few companies globally with a fully integrated titanium manufacturing value chain — encompassing the production of titanium sponge, titanium alloy ingots, forged billets, rolled bars, rods, sheets, plates, and precision castings.

About Titanium Sponge

Titanium sponge forms the essential raw material for titanium alloys, which are indispensable for aerospace, defence, and advanced industrial applications. Notably, only a handful of nations, including the United States, Russia, Kazakhstan, and Japan, currently possess the technological prowess to produce aerospace-grade titanium sponges.

PTC Industries Q2 FY25 Results

PTC Industries has also reported impressive financial results. For Q2 FY24, the company posted a total income of ₹807.9 million, representing a stellar 34% year-on-year growth from ₹602.8 million. EBITDA surged by 60.8% to ₹296.6 million, with margins expanding to an impressive 36.7%. Profit After Tax (PAT) more than doubled, soaring 112.7% to ₹173.1 million.

Statement From the Management

“This MoU is a pivotal step towards fortifying India’s titanium industry. With the proactive support of the Odisha government and our technological expertise, we aim to establish a fully integrated titanium manufacturing ecosystem that meets the evolving demands of the global aerospace and defence sectors. 

We deeply appreciate the Odisha government’s visionary approach in enabling this significant opportunity and are eager to unlock its immense potential.”

Share Price Performance 

At 9:20 AM on January 31, 2025, PTC Industries Ltd shares traded at ₹13,520 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.

Nippon India Mutual Fund Revises Benchmarks for 2 Debt Schemes

Nippon India Mutual Fund has announced changes to the benchmarks for 2 of its fixed horizon funds, effective January 30, 2025. The revision aligns with the fund house’s objective of keeping its benchmarks relevant to evolving market conditions.

What’s Changing?

The affected schemes and their benchmark revisions are as follows:

Scheme Name Existing Benchmark Revised Benchmark
Nippon India Fixed Horizon Fund XLIII – Series 5 CRISIL Medium to Long-Term Debt Index CRISIL Medium to Long Duration Debt A-III Index
Nippon India Fixed Horizon Fund XLIV – Series 1 NIFTY Medium to Long Duration Debt Index NIFTY Medium to Long Duration Debt Index A-III

The modifications introduce a refined classification within the medium to long-duration debt category, which could impact how investors track fund performance against these benchmarks.

Understanding the Impact

Benchmarks serve as a reference point to measure a fund’s returns and risk-adjusted performance. A shift in the benchmark doesn’t alter the fundamental investment objective of the fund but can change how its performance is assessed. The move to A-III indices suggests a possible enhancement in risk assessment parameters.

For investors, these changes could mean minor variations in relative performance tracking. The CRISIL Medium to Long Duration Debt A-III Index and the NIFTY Medium to Long Duration Debt Index A-III may reflect different yield movements compared to their predecessors, as they account for additional market factors.

Should Investors Be Concerned?

Such updates bring out the fund house’s efforts to keep its debt schemes aligned with market dynamics, focusing on benchmarks that continue to represent relevant debt market trends.

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.

Tata AIA Introduces Smart Pension Secure Plan for Retirement Planning

Tata AIA Life Insurance has launched the Smart Pension Secure Plan, a Unit-Linked Pension Plan (ULIP) designed to meet the rising demand for retirement solutions. This plan offers market-linked growth opportunities, enabling individuals to build a substantial retirement corpus with flexibility in fund allocation.

Market-Linked Investment with Flexibility

The Smart Pension Secure Plan is linked to the Tata AIA Alpha 50 Index Pension Fund, which allocates 80–100% of its assets to equity, tracking the Nifty Alpha 50 Index.

The New Fund Offer (NFO) is priced at ₹10 per unit and remains open until January 31, 2025. Policyholders have the option to allocate 100% of their premiums to equity, ensuring the potential for higher returns. Additionally, the plan allows unlimited fund-switching at no extra cost, offering greater flexibility in managing investments.

Policy Options and Accessibility

The plan is available in two variants:

  • Smart Pension Secure – Provides market-linked returns along with death benefits.
  • Smart Pension Secure Plus – Includes an additional premium waiver benefit in the event of the policyholder’s demise.

Key policy details include:

  • Entry Age: 35–75 years (varies by payment term).
  • Vesting Age: 45–85 years for single/limited pay; up to 75 years for regular pay.
  • Policy Term: Ranges from 10 years to the maximum vesting age.

The plan can be purchased through Tata AIA’s online platform and digital partners, allowing policyholders to customise and manage their plans digitally without physical documentation.

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.

Paradeep Phosphate Signs MoU With Odisha For Expansion with ₹4,000 Crore Investment

Paradeep Phosphate has signed a Memorandum of Understanding (MoU) with the Government of Odisha to strengthen its production capabilities and integrate key raw materials. The company is set to invest ₹4,000 crore over 5 years, focusing on increasing phosphatic fertiliser manufacturing capacity while advancing sustainability and renewable energy initiatives.

Expansion of Manufacturing Capacity

As part of this investment, Paradeep Phosphate will enhance its intermediate and final product production while also improving port, jetty, and infrastructure facilities. This expansion will directly create employment opportunities for 100–150 individuals and indirectly benefit 700–1,000 workers. The strategic move aims to bolster agricultural productivity and ensure a stable supply of fertilisers.

Current Production and Future Growth

Paradeep Phosphate operates 2 manufacturing units in Paradeep, Odisha, and Zuarinagar, Goa, with a total production capacity of 3 million metric tonnes (MT). This includes 2.6 million MT of phosphates and 0.4 million MT of urea. The investment will further increase production efficiency, reduce environmental impact, and contribute to the sustainable growth of the agricultural sector.

Paradeep Phosphate Share Performance

As of January 31, 2025, at 10:30 AM, Paradeep Phophate’s shares are trading at ₹112.89 per share, up 0.34% from yesterday’s closing price. Over the last month, the stock has surged by 2.5% and over the past year, it has surged by 41.63%

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.

UPI Transactions to Stop for IDs with Special Characters from Feb 1

Starting February 1, 2025, the National Payments Corporation of India (NPCI) will enforce a new directive prohibiting special characters in UPI transaction IDs. This move aims to standardise transaction processing and enhance security across payment platforms. UPI apps that fail to comply will see their transactions declined by the central system.

Security Risks of Special Characters in UPI IDs

Experts highlight that special characters in transaction IDs pose significant security threats. Jaikumar, Co-founder & CTO of TechFini, explains that these vulnerabilities include injection attacks, format spoofing, and data integrity issues. Risks such as SQL injection, Cross-Site Scripting (XSS), and validation failures could compromise transaction reliability and system security. By restricting transaction IDs to alphanumeric characters, NPCI aims to enhance security, prevent fraud, and ensure uniform processing across different banking and payment platforms.

Impact on Users and Payment Apps

The directive places the responsibility on UPI payment apps to transition to alphanumeric transaction IDs before the deadline. Failure to comply will result in transactions being declined. This change is expected to reduce system disruptions, improve interoperability among banks and payment providers, and create a more secure digital payments ecosystem in India.

Conclusion

With this regulatory update, NPCI aims to reinforce security and standardisation in digital payments. Users must ensure their UPI apps adhere to the new format to continue seamless transactions. This transition strengthens the overall reliability of the UPI framework.

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.

Info Edge To Consider First-Ever Stock Split, Shares Rise 3%

Info Edge (India) Ltd, the parent company of Naukri.com, has announced that its board of directors will meet on February 5 to discuss a proposal for the company’s first-ever stock split. This development has positively impacted the company’s stock performance, with shares rising by 3% in recent trading sessions.

Details of the Proposed Stock Split

A stock split is a corporate action where a company divides its existing shares into multiple new shares, thereby reducing the share price but maintaining the overall value for shareholders. For example, in a 2-for-1 stock split, shareholders will receive two shares for every share they currently hold, while the price of each share is halved. The main objective of a stock split is to make shares more affordable and accessible to a broader range of investors, which in turn can increase liquidity.

For Info Edge, the exact ratio and record date for the proposed split are still under discussion, but the move signifies the company’s intention to expand its retail investor base. The stock split also comes at a time when Info Edge has been experiencing significant growth across its various platforms, notably Naukri.com, which continues to be one of India’s leading job portals

Market Reaction

Following the announcement, Info Edge’s shares experienced a 3% increase, reflecting positive investor sentiment towards the proposed stock split. The shares of Info Edge, As of January 30, 2025, at 11:05 AM, are trading at ₹7,637.80 per share, reflecting a surge of 2.60% from the previous day’s closing price. Over the past month, the stock has registered a decline of 12.34%.

Conclusion

The upcoming board meeting to consider Info Edge’s first stock split marks a significant milestone for the company. If approved, this move could enhance the stock’s liquidity and broaden its investor base, potentially contributing to the company’s continued growth and success in the market.

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.

Chamunda Electricals IPO to Open for Subscription on February 4

Chamunda Electricals Ltd is set to open its initial public offering (IPO) on February 4, 2025, making it the first SME IPO of the month. The issue will close on February 6, 2025. The IPO has a price band of ₹47 to ₹50 per share.

Particulars Details
IPO Dates Feb 4, 2025 to Feb 6, 2025
Price Band ₹47 to ₹50 per share
Issue Size ₹14.6 crore
Fresh Issue 29.19 lakh shares
Listing Date February 11, 2025

Issue Size and Structure

The company plans to raise ₹14.6 crore through a fresh issue of 29.19 lakh shares. There is no offer-for-sale (OFS) component, meaning all proceeds will go directly to the company. GYR Capital Advisors Pvt. Ltd. is managing the IPO as the book-running lead manager, while KFin Technologies Ltd. is the registrar.

Listing and Allotment

The basis of allotment will be finalised on February 7, 2025, followed by refunds and share credit to demat accounts by February 10, 2025. The shares are expected to be listed on the NSE SME platform on February 11, 2025.

Background

Chamunda Electricals Ltd, based in Gujarat, provides services in the operation, maintenance, testing, and commissioning of electrical substations up to 220 KV. It also operates a 1.5 MW solar power generation park.

IPO Fund Utilization

The company plans to use the IPO proceeds for:

  • Buying new testing kits and equipment
  • Working capital requirements
  • Repayment of loans and cash credit

Lot Size and Investment 

The minimum investment required for retail investors is ₹1,50,000, with a lot size of 3,000 shares. High Net-worth Individuals (HNIs) must apply for at least 2 lots (6,000 shares), amounting to ₹3,00,000.

Shareholding and Market Making

Before the IPO, promoters hold 97.46% of the company’s shares. Post-issue, the public shareholding will increase. Wiinance Financial Services Pvt. Ltd. is the market maker for this issue.

Reservation Split

  • QIB (Qualified Institutional Buyers): Up to 50%
  • Retail Investors: Minimum 35%
  • HNI/NII (Non-Institutional Investors): Minimum 15%

Chamunda Electricals will be listed on the NSE SME platform post-issue.

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 Grants IPO Approvals to Varindera Constructions, Ellenbarrie Industrial Gases, and Sambhv Steel

In a significant development for the Indian capital markets, the Securities and Exchange Board of India (SEBI) has recently approved the initial public offerings (IPOs) of three companies: Varindera Constructions Ltd, Ellenbarrie Industrial Gases Ltd, and Sambhv Steel Ltd. This move is anticipated to bolster the companies’ growth trajectories and provide investors with new opportunities.

Varindera Constructions Ltd

Varindera Constructions Ltd, a prominent player in the construction sector, has received SEBI’s nod to proceed with its IPO. It plans to raise ₹1,200 crore through the issue, of which Rs 900 crore is a fresh issue, while ₹300 crore is from an offer for sale (OFS) by existing promoter members.

The company plans to utilise the capital raised to fund ongoing projects, reduce debt, and expand its operational capabilities. 

Ellenbarrie Industrial Gases Ltd 

Ellenbarrie Industrial Gases Ltd, a key supplier in the industrial gases industry will offer a fresh issue of equity shares worth ₹400 crore, along with an offer for sale (OFS) of 1.44 crore shares by existing shareholders.

The company plans to use the funds raised to repay debt and establish a new air separation unit at its Uluberia-II facility.

Sambhv Steel Ltd

Sambhv Steel Ltd, a notable entity in the steel manufacturing sector, has also secured SEBI’s approval for their respective IPO in which they plan a comprised of a fresh issue of ₹440 crore and an OFS of ₹100 crore by existing shareholders.

The net proceeds from the fresh issue, totalling ₹390 crores, will be allocated to debt repayment and general corporate purposes.

Conclusion

SEBI’s recent approvals for the IPOs of Varindera Constructions Ltd, Ellenbarrie Industrial Gases Ltd, and Sambhv Steel Ltd underscore the regulator’s confidence in these companies’ prospects. The forthcoming public listings are poised to provide these firms with the necessary capital to pursue their strategic objectives and offer investors fresh avenues for participation in India’s dynamic economic landscape.

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.

Tata Mutual Fund Announces Change in Fund Management for Tata Multicap Fund

Tata Mutual Fund has announced a change in the fund management structure of its Tata Multicap Fund, effective January 27, 2025. The fund, previously co-managed by Murthy Nagarajan (Debt), Rahul Singh (Equity), and Tejas Gutka (Co-Fund Manager Equity), will now be co-managed by Murthy Nagarajan (Debt) and Meeta Shetty. 

Management Changes in Tata Multicap Fund

Effective January 27, 2025, the Tata Multicap Fund will have the following fund management structure.

The fund, previously co-managed by Murthy Nagarajan (Debt), Rahul Singh (Equity), and Tejas Gutka (Co-Fund Manager Equity), will now be co-managed by Murthy Nagarajan (Debt) and Meeta Shetty.

About the Fund Managers

Murthy Nagarajan: Serving as the Debt Fund Manager, Murthy Nagarajan has been with Tata Mutual Fund for several years, bringing extensive experience in managing fixed-income investments.

Meeta Shetty: As the new Equity Fund Manager, Meeta Shetty has a strong background in equity markets and has been associated with Tata Mutual Fund in various capacities.

Conclusion

The restructuring of the Tata Multicap Fund’s management team aims to enhance the fund’s performance by leveraging the expertise of its seasoned managers. Investors are encouraged to stay informed about these changes and monitor the fund’s performance accordingly.

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.