A dividend is a company’s way of rewarding its investors, usually paid in cash from earnings. It serves as a return on investment for shareholders, reflecting the company’s financial health and profitability.

Wipro Interim Dividend 2025: Amount Declared

Wipro has announced an interim dividend of ₹6 per share following its December quarter results. Since dividends are calculated on the face value of each share, the 300% dividend translates to ₹6 per equity share with a face value of ₹2.

As per Wipro’s exchange filing, the company stated: “Payment of interim dividend of ₹6 per equity share of par value ₹2 each to the Members of the Company.”

Wipro Interim Dividend 2025: Important Dates

Investors should take note of the following key dates regarding Wipro’s interim dividend:

• Ex-Dividend Date: January 28, 2025
  (The date when the stock will trade without the dividend entitlement.)
• Record Date: January 28, 2025
  (Shareholders who own Wipro shares as of this date will be eligible for the dividend.)
• Payment Date: On or before February 15, 2025
  (The dividend will be credited to eligible shareholders through electronic transfer.)

Wipro Share Price Performance

As of January 29, 2025 (1:19 PM), Wipro’s share price was up by 2.32%. The stock has gained 2.85% in January 2025 so far. 

Wipro’s Dividend History

Wipro has maintained a consistent dividend payout over the years. Below is a snapshot of past dividends:

• 2024: ₹1 per share
• 2023: ₹1 per share
• 2022: ₹1 per share (January) and ₹5 per share (April)

Wipro Dividend Yield

At the current market price, Wipro’s dividend yield stands at 1.94% as of January 29, 2025. The dividend yield is an important metric for investors, indicating the return generated from dividends relative to the share price.

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

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

Swiggy and Zomato’s Blinkit have introduced new payment mechanisms on their mobile applications, enhancing convenience for users. While these features were previously announced, they are now fully operational, providing a streamlined payment experience.

Swiggy UPI: A Seamless Payment Experience

Swiggy has now introduced its in-app UPI payment system, allowing users to pay directly through Swiggy UPI without switching to an external payment app. The company had initially announced this feature in August, aiming to simplify the checkout process.

To use Swiggy UPI, customers need to activate the service by linking their bank account. Once set up, payments can be made by entering a UPI PIN directly on the Swiggy app. This feature is not limited to food orders but also extends to Instamart and other Swiggy services.

Zomato Money: Now Integrated with Blinkit

Zomato has expanded the functionality of Zomato Money, its in-app digital wallet, by integrating it with Blinkit, the company’s quick commerce platform. The Zomato Money option is now prominently available on Blinkit’s homepage, allowing users to utilise their balance for grocery and essential purchases.

Previously, Zomato Money was primarily used for food orders and dining-out payments. With this integration, the wallet can now facilitate seamless transactions across Zomato’s ecosystem. Users can top up their Zomato Money balance, which remains valid for four years from the date of addition. However, the balance cannot be transferred to a bank account.

Cash on Delivery Orders and Zomato Money

A key feature of Zomato Money is its usability for cash-on-delivery (COD) orders. Last year, Zomato introduced an option allowing customers to add their balance amount from COD transactions to their Zomato Money account. This was designed to eliminate the inconvenience of finding exact changes during cash payments.

Zomato’s CEO, Deepinder Goyal, highlighted the benefit of this feature, stating: “For cash on delivery orders, finding exact change can sometimes be inconvenient. Starting today, our customers can pay delivery partners in cash and ask for the balance amount to be added instantly to their Zomato Money account. This balance can be used towards future delivery orders or dining out.”

Enhancing User Experience Through Digital Payments

With these updates, Swiggy and Zomato continue to enhance their digital payment offerings, making transactions smoother and more convenient. By integrating UPI-based payments and digital wallets, these platforms aim to reduce friction in the checkout process while catering to the evolving preferences of their user base.

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.

Aarti Industries is a distinguished Indian chemical manufacturer, renowned for its extensive portfolio of products that span a wide range of industries, including chemicals, pharmaceuticals, agrochemicals, and personal care. Established in 1984, the company has evolved into a major force in the global chemical sector, with a strong emphasis on innovation, sustainability, and the continuous expansion of its product offerings.

Acquired a 26.25% Equity Stake in Pro-Zeal 

Aarti Industries has acquired a 26.25% equity stake and voting rights, alongside Compulsory Convertible Debentures (CCDs), in Pro-Zeal Green Power Seven Private Limited. Pro-Zeal Green Power Seven is a Special Purpose Vehicle (SPV) specifically created for the development, construction, operation, and maintenance of a 9.24 MW solar power plant.

This investment underscores Aarti Industries’ commitment to advancing India’s renewable energy sector. By securing a significant equity interest, the company not only enhances its foothold in the clean energy market but also positions itself to gain invaluable operational insights.

Understanding the Agreement

A Share Subscription and Shareholder’s Agreement is a vital corporate tool that sets forth the terms and conditions under which an investor acquires shares in a company, while also defining the relationship between shareholders. This agreement is fundamental to ensuring clarity, and transparency, and fostering robust and collaborative partnerships.

 

In this case, the agreement represents a key milestone for both Pro-Zeal Green Power Private Limited and its affiliate, Pro-Zeal Green Power Seven Private Limited. It marks an important step in strengthening their capacity to provide sustainable energy solutions, with far-reaching implications for the stakeholders involved.

Significance for Pro-Zeal Green Power and Affiliates

Pro-Zeal Green Power Private Limited has firmly established itself as a leading force in the renewable energy sector, particularly within solar power solutions. The formation of Pro-Zeal Green Power Seven Private Limited highlights the company’s strategic move to diversify and expand its operations. 

Share Price Performance 

At 2:49 PM today, Aarti Industries Ltd. shares traded at ₹425.30 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.

PDS Limited, a globally renowned fashion powerhouse headquartered in India, continues to cement its position as an industry leader in product development, sourcing, manufacturing, and supply chain solutions for premier fashion retailers and brands worldwide. 

Acquisition of 55% Stake in Knit Gallery India 

In a bold move underscoring its ambitions for growth and diversification, PDS has announced the acquisition of a 55% stake in Tirupur-based Knit Gallery India Pvt Ltd (KGIPL). This strategic investment exemplifies PDS’s intent to harness India’s burgeoning potential within the global fashion and textile landscape.

The deal involves an equity consideration of ₹41 crore, subject to customary due diligence and documentation. Additionally, the transaction includes the transfer of a segment of Knit Gallery’s existing business to KGIPL for a Business Transfer Consideration of ₹34 crore, payable over three years from KGIPL’s cash flows contingent on achieving pre-defined performance targets.

PDS Limited Q3 FY25 Results

PDS Limited delivered a robust topline of ₹9,052 crore in 9M FY25, reflecting 26% YoY growth, with North America driving expansion at 70%. Over the past four years, gross margins have risen by 4%, highlighting the company’s focus on enhancing its “Solutions & Services” portfolio. With a healthy $425 million order book, PDS remains well-positioned for sustained growth and global opportunities.

About Knit Gallery

Founded in 2001, Knit Gallery is a distinguished manufacturer and exporter of premium apparel based in Tirupur, Tamil Nadu. The company boasts expertise in crafting high-quality babywear, children’s wear, nightwear, and innerwear. 

Executive Vice Chairman’s Statement

Pallak Seth, Executive Vice Chairman of PDS Limited, described the acquisition as a transformative step in strengthening the company’s manufacturing capabilities in India while unlocking new sourcing opportunities. He highlighted PDS’s commitment to sustainability and compliance through its facilities in Bangladesh and Sri Lanka, reaffirming its support for the ‘Make in India’ initiative and advancing sustainable fashion manufacturing.

Share Price Performance 

At 2:21 PM today, PDS Limited shares traded at ₹489.20 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.

Reliance Industries Chairman and MD Mukesh Ambani has always been at the forefront of technological and industrial evolution in India. At the 12th Convocation of Pandit Deendayal Energy University (PDEU), he shared his vision of how green energy and artificial intelligence (AI) will shape the future of humanity.

Necessity of Green Energy Transition

Emphasising the need for urgent change, Ambani highlighted the necessity of accelerating the transition from fossil fuels to clean and green energy.

“The intersection of green energy, green materials and artificial intelligence is going to shape the future of humanity,” he remarked, adding that India is set to become the most prosperous nation by the end of this century.

Harnessing AI: A Tool, Not a Substitute for Thinking

While advocating for technological advancements, Mukesh Ambani also urged students to use AI responsibly. He acknowledged that AI tools like ChatGPT are transformative but warned against over-reliance.

“Talking of artificial intelligence, I have a piece of advice for our young students. You must be good at using AI as a learning tool. But do not give up your own critical thinking,” Ambani stated.

His message underscores the balance between technological efficiency and human intellect. While AI can enhance productivity and streamline information, the ability to think critically and independently remains irreplaceable.

ChatGPT and the Role of AI in Learning

As per the news report, Ambani encouraged students to explore AI-powered tools like ChatGPT for education, but with caution and discretion.

5 Guiding Principles for Success From Mukesh Ambani

Mukesh Ambani also shared five core principles that he believes are essential for personal and professional growth:

1. Discover Your True Passion

Find what ignites your soul. When energy is dedicated to something you love, work transforms into joy, and challenges become opportunities for growth.

2. Commit to Lifelong Learning

In today’s rapidly evolving world, continuous learning is not an option but a necessity. Curiosity and the willingness to adapt ensure survival and success.

3. Inculcate the Virtue of Sharing

“Know that knowledge grows when it is shared.” Helping others rise elevates oneself and fosters a community of progress.

4. Invest in Meaningful Relationships

Genuine connections—what Ambani calls ‘dil ke rishte’—are the bedrock of personal and professional success. Building trust and nurturing long-term relationships create lasting impact.

5. Cherish and Nurture Family Bonds

Family provides purpose and direction. It is within the family that one learns values like care, empathy, and resilience, shaping the journey to success.

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.

Tiger Global and Peak XV-backed CRED has taken a significant step in India’s digital financial ecosystem by becoming the first fintech platform to enable transactions using the Reserve Bank of India’s (RBI) e₹. This move aligns with RBI’s push towards a cashless economy and digital currency adoption.

The RBI launched the pilot programme for the digital rupee in December 2022, initially allowing only banks to facilitate transactions. However, in April 2024, the central bank extended access to payment firms, paving the way for fintech platforms like CRED to participate in the Central Bank Digital Currency (CBDC) initiative.

How CRED’s e₹ Wallet Works?

CRED’s e-₹ wallet integrates the security of sovereign-backed digital currency with a seamless payment experience, offering:

• Beta access: Initially available to a select group of whitelisted users.
• UPI compatibility: Users can send and receive e₹ to other CBDC wallets and pay UPI-linked bank accounts.
• Transaction limits: Up to ₹10,000 per transfer, with a daily cap of ₹50,000 and a wallet balance limit of ₹1 lakh.
• Zero-cost merchant transactions: Currently, merchants will not incur transaction fees for accepting e-₹ payments.
• Future enhancements: CRED plans to introduce programmable merchant payments, integration with CRED Pay, and PIN-less transactions for amounts under ₹500.

To activate their e-₹ wallet, users must complete a video KYC, after which they can load funds via UPI. The issuance of e-₹ tokens into wallets will be facilitated by YES Bank.

MobiKwik Expands e₹ Wallet Access to All Android Users

Alongside CRED, MobiKwik has also introduced its e₹ wallet, expanding accessibility beyond beta users. The MobiKwik e₹ wallet is now available to all Android users, offering:

• Peer-to-peer (P2P) and peer-to-merchant (P2M) transactions
• Seamless UPI integration for payments by scanning any UPI QR code
• Broader accessibility, making it one of the first payment apps to provide full-fledged access to the CBDC wallet

This development highlights a growing trend of fintech firms embracing digital currency, making transactions smoother and more widely accepted across the digital payments ecosystem.

CRED’s Vision for Digital Currency Adoption

Speaking about the future of e₹ transactions, Kunal Shah, founder of CRED, shared his perspective: “The e₹ wallet is a milestone in India’s financial evolution. With RBI’s support, we’re empowering the creditworthy to shape the future of digital currency in the world’s fastest-growing economy. Our aim is to make e₹ transactions seamless and accelerate its adoption among India’s most creditworthy citizens.”

Competitive Landscape and Challenges

While CRED and MobiKwik have taken an early lead, other major payment firms such as Google Pay, PhonePe (backed by Walmart), and Amazon Pay, are also vying to participate in the RBI’s CBDC initiative as per a news report.

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.

Adani Group’s subsidiary, Renew Exim DMCC has received approval from the Competition Commission of India (CCI) to acquire a 72.64% stake in ITD Cementation India for ₹5,757 crore. This strategic move strengthens Adani’s presence in the infrastructure and construction sectors, intensifying competition with UltraTech Cement.  

Adani’s Strategic Expansion in Construction  

The CCI has approved Renew Exim DMCC’s plan to acquire a majority stake in ITD Cementation India, a leading engineering and construction firm. Initially, the company will acquire 46.64% of the shares, followed by an open offer to public shareholders for an additional 26%. This acquisition aligns with Adani Group’s expansion strategy which has seen aggressive investments in infrastructure and cement industries.  

Details of the Acquisition

Renew Exim DMCC, a Dubai-based investment entity of the Adani Group, is acquiring an initial 46.64% stake worth ₹3,204 crore. Following SEBI regulations, an open offer has been launched to acquire an additional 26%, valued at ₹2,553 crore. If fully subscribed, the total stake in ITD Cementation will reach 72.64%, strengthening Adani’s position in India’s construction sector.  

Growing Competition in the Cement Industry

Adani Group has been actively expanding its cement business. In 2022, it acquired Holcim’s Indian assets, making it the country’s second-largest cement producer. More recently, in 2024, Adani acquired Penna Cement for ₹10,422 crore and Orient Cement for ₹8,100 crore. These acquisitions have intensified competition with UltraTech Cement, the industry leader with over 150 million tonnes of annual production capacity.  

Impact on Adani Group’s Market Position

This acquisition enhances Adani’s infrastructure portfolio, leveraging ITD Cementation’s expertise in engineering, procurement and construction projects. With a growing presence in the construction and cement industries, Adani Group is set to play a dominant role in shaping India’s infrastructure sector.  

ITD Share Performance 

As of January 29, 2025, 9:45 AM, the shares of ITD are trading at ₹526.60 per share with a surge of 2.78% from its previous day’s closing price. Over the last month, the stock has declined by 1.20%. The stock has a 52-week high and 52-week low of ₹694.30 per share and ₹256.10 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.

Jindal Steel & Power Ltd (JSPL) has announced an additional investment of ₹70,000 crore in Odisha to boost industrial growth and improve the quality of life in the state. The announcement was made by Chairman Naveen Jindal at the ‘Utkarsh Odisha – Make In Odisha Conclave.’ The company is also considering setting up a steel plant in Keonjhar district to support the state’s industrial vision.

Expansion of Steel Production and Green Steel Initiative

JSPL operates India’s first coal gasification-based steel plant in Angul, focusing on reducing reliance on imported coking coal. The plant, currently at 6 million tonnes per annum (MTPA), is set to double to 12 MTPA this year and reach 25.2 MTPA by 2030. This expansion will make it the world’s largest and greenest steel plant, with a focus on hydrogen-based green steel production.

Investment and Social Contributions in Odisha

JSPL has already invested nearly ₹1 trillion in Odisha, playing a key role in its industrial development. Additionally, the company has spent ₹900 crore on social initiatives, including healthcare, education, skill development, women empowerment, and rural livelihood programs. These efforts reflect its commitment to sustainable growth and community welfare.

Conclusion

JSPL’s additional ₹70,000 crore investment will strengthen Odisha’s industrial sector and support social development. With ongoing steel expansion and sustainability initiatives, the company aims to contribute to both economic growth and community well-being in the state.

JSPL Share Performance

As of January 29, 2025, at 2:05 PM, shares of JSPL are trading at ₹848.30 per share, reflecting a surge of 0.86% from the previous day’s closing price. Over the past month, the stock has registered a decline of 7.60% and over the last year it has surged by 16.04%. 

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.