Adani Group Secures CCI Approval for ITD Cementation Stake Acquisition

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 and Power To Invest ₹70,000 Crore For Industrial Growth In Odisha

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.

DPIIT and JKEDI Join Hands to Boost Jammu & Kashmir’s Startup Ecosystem

In a significant move to enhance the entrepreneurial landscape of Jammu & Kashmir, the Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI). The recently signed Memorandum of Understanding (MoU) focuses on fostering innovation, providing mentorship, and offering infrastructural support to startups within the Union Territory.

Strengthening the Startup Ecosystem

The MoU between DPIIT and JKEDI is designed to improve branding, outreach, and accessibility to Startup India’s extensive ecosystem. Key components of this agreement include facilitating mentorship programmes, encouraging knowledge exchange, and providing essential infrastructure support to budding entrepreneurs. Additionally, the collaboration aims to establish market linkages, connect startups with funding networks, and explore opportunities for international expansion, aligning with India’s vision of becoming a developed nation by 2047.

Engaging with Incubators and Stakeholders

During the “Jammu Kashmir Konnect” event at JKEDI’s Baribrahamna campus, leaders from DPIIT and JKEDI engaged directly with incubators and key stakeholders. These one-on-one interactions provided a platform to discuss challenges, identify needs, and outline future plans for the region’s startup ecosystem. Such dialogues are instrumental in tailoring support mechanisms to the specific requirements of local startups, ensuring a more effective and responsive entrepreneurial environment.

Conclusion

The partnership between DPIIT and JKEDI marks a pivotal step towards nurturing innovation and entrepreneurship in Jammu & Kashmir. By leveraging combined resources and expertise, this collaboration is poised to create a more robust and supportive ecosystem for startups, contributing significantly to the region’s economic development and aligning with national growth objectives.


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. 

BEL Bags New Orders Worth ₹531 Crores

Bharat Electronics Limited (BEL) is expanding its order book with fresh contracts valued at ₹531 Crores. The company, known for its contributions to defence and electronics, has witnessed significant growth in its order intake this financial year.

Secured new orders 

Bharat Electronics Limited, a Navratna defence PSU, has received additional orders worth ₹531 Crores. These orders include advanced systems such as composite communication systems for ships, communication equipment, medical electronics, electro-optics and radar systems for missiles. Other orders involve classroom jammers, spares and services.

Total Orders Reach ₹10,893 Crores

With these new orders, BEL’s total order value for the current financial year has reached ₹10,893 Crores. This reflects the company’s strong position in the defence and electronics sectors, providing key products and services to meet the government’s needs.

Government Support Drives BEL’s Growth and Market Confidence

BEL’s recent orders have played a significant role in the company’s strong financial performance, including a 34.4% increase in net profit for Q2FY25. The government’s continued backing of domestic defence manufacturing is boosting Indian companies like BEL, helping them grow their capabilities and market share. This growing support for defence production aligns with the Atma Nirbhar Bharat initiative and has positively impacted the stock prices and market capitalisation of defence companies, reflecting strong investor confidence in the sector.

About BEL 

Bharat Electronics Limited, based in Bangalore, is a public sector company that designs and manufactures electronic products for the Indian government. It produces defence electronics, space technology, medical devices and cybersecurity products. Founded in 1954, BEL is a Navratna PSU under the Ministry of Defence.

BEL Share Performance 

As of January 29, 2025, at 12:40 PM, shares of BEL are trading at ₹266.40 per share, reflecting a surge of 3.16% from the previous day’s closing price. Over the past month, the stock has registered a decline of 6.49% and over the last year it has declined by 9.36%. The stock’s 52-week high stands at ₹340.50 per share, while its 52-week low is ₹171.75 per share.

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 Introduces iSPOT Portal for Reporting Technical Glitches

The Securities and Exchange Board of India (SEBI) has launched a web-based portal, Integrated SEBI Portal for Technical Glitches (iSPOT), for reporting technical issues faced by stock exchanges and other market infrastructure institutions (MIIs). This new system aims to streamline the submission of preliminary and final Root Cause Analysis (RCA) reports and establish a centralised repository for such incidents.

The Transition from Email Reporting to iSPOT

Previously, MIIs, including stock exchanges, clearing corporations, and depositories, were required to submit reports on technical glitches via a dedicated email ID. With the introduction of iSPOT, SEBI has moved to a structured web-based reporting system. MIIs will now submit their preliminary and RCA reports through this portal, ensuring better data quality, historical traceability, and improved compliance monitoring.

Features and Implementation of iSPOT

SEBI highlighted that iSPOT will provide automated reminders to MIIs regarding RCA submissions and generate system-driven reports for regulatory oversight. The portal has been integrated with SEBI’s Intermediary (SI) portal, allowing MIIs to access it using their existing login credentials. The circular announcing this change states that the new system will be operational from 3rd February.

Conclusion

By introducing iSPOT, SEBI aims to enhance transparency and efficiency in monitoring technical glitches across market infrastructure institutions. The centralised system will enable a more structured approach to handling and analysing such incidents.

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. 

Grasim Industries Faces GST Search in Tamil Nadu Plant

Aditya Birla Group’s Grasim Industries Ltd confirmed that its cellulosic fashion yarn business marketing office and depot in Salem, Tamil Nadu, were subjected to a Goods and Services Tax (GST) inspection by the State Tax Officer (Intelligence), Salem on January 22, 2025.

Inspection and Seizure of Records

Following the search, an order was passed on January 25, 2025, under Section 67 of the Tamil Nadu Goods and Services Tax Act, 2017, leading to the seizure of specific depot records. The investigation reportedly stemmed from alleged discrepancies between records available on the GST portal and those provided by the company.

Response and Regulatory Filing

In a regulatory filing with stock exchanges, Grasim Industries acknowledged the inspection and stated that the matter does not materially impact its financials, operations, or other business activities. The company clarified that the delay in disclosure was unintentional, and the matter was promptly reported once it came to the attention of the appropriate executives.

Market Reaction

As of January 29, 2025, at 1:25 PM, Grasim Industries Ltd shares were trading at ₹2,451.85, up ₹40.55 (1.68%) for the day. While the stock has gained 16.51% over the past year, it has declined by 13.31% in the last six months.

Although the company has assured stakeholders that this development will not disrupt business operations, the inspection highlights the strict regulatory scrutiny on tax compliance in India. Investors will be watching for further updates on any potential developments related to the case.

Takeaways from the Disclosure

  • Authority Conducting Inspection: State Tax Officer, Inspection Cell 4, Office of the Joint Commissioner (State Tax – Intelligence), Salem.
  • Reason for Action: Alleged inconsistencies between company-submitted records and those available on the GST portal.
  • Date of Inspection: January 22, 2025.
  • Date of Order Issued: January 25, 2025.

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

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

NFO Alert: Kotak Mutual Fund Unveils Kotak MSCI India ETF

Kotak Mahindra Asset Management Company has introduced the Kotak MSCI India ETF, India’s first exchange-traded fund (ETF) tracking the MSCI India Index. The new fund offer (NFO) opened for public subscription on January 29, 2025, and will close on February 12, 2025. Continuous trading of the ETF is expected to begin on or before February 27, 2025.

Tracking the MSCI India Index

The ETF is to replicate the MSCI India Index (Total Return Index – TRI). This index includes 156 large- and mid-cap companies, covering about 85% of the Indian equity market. The scheme follows a passive investment strategy, meaning it will invest in stocks in the same proportion as the index.

Risk and Investment Strategy

The fund is classified under the very high-risk category, as mentioned in the Scheme Information Document (SID). To maintain alignment with the index, the fund managers will rebalance the portfolio based on changes in stock weights, as well as inflows and redemptions. The ETF aims to minimize tracking errors while following the index’s composition.

Fund Managers and Charges

The scheme is managed by Devender Singhal and Abhishek Bisen. The minimum application amount during the NFO is ₹5,000, with no restrictions on additional investments. The price per unit during the NFO is ₹10. The scheme has no entry or exit load, allowing investors to buy or sell units freely on the stock exchange after listing.

Listing and Trading

Once listed, units can be traded on the stock exchanges where they are listed. Investors, including retail participants and large investors, will be able to buy or sell units on all trading days.

Kotak International, the global arm of the Kotak Group, has launched a separate fund called the Kotak MSCI India ETF Fund. This will allow international investors to invest in the same benchmark.

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.

Arkade Developers Purchases 4 Acre Land in Goregaon West

Arkade Developers has acquired a four-acre land parcel in Goregaon West, Mumbai, for ₹165 crore. The land, currently leased to Filmistan Pvt Ltd, was purchased from Aspen Properties Pvt Ltd and Kamanwala Housing Construction Ltd. The company has paid a stamp duty of ₹9.9 crore for the transaction.

Plans for Luxury Housing Project

Arkade Developers plans to develop a luxury residential project on this land, with a saleable area exceeding 5 lakh sq ft. The estimated revenue from this project is expected to be around ₹2,000 crore. The company stated that the site, previously home to a historic studio, has a plot area of approximately 16,200 square metres.

Expansion in Western Mumbai

In addition to this acquisition, Arkade Developers has taken up three redevelopment projects in Mumbai’s western suburbs including Andheri East, Malad West, and Borivali West. Together, these projects span around five acres with a total saleable carpet area of 5.85 lakh sq ft, expected to generate ₹2,150 crore in revenue.

  • Andheri East Project: 1.29 lakh sq ft, estimated revenue of ₹527 crore
  • Malad West Project: 2.12 lakh sq ft, estimated revenue of ₹750 crore
  • Borivali West Project: 2.44 lakh sq ft, estimated revenue of ₹865 crore

Financial Performance

Arkade Developers reported sales bookings of 1.79 lakh sq ft in the first nine months of FY25, amounting to ₹556 crore, a 24% increase year-on-year. In Q3 FY25, the company booked 74,000 sq ft, generating ₹220 crore, which is 93% higher year-on-year. Collections for Q3 stood at ₹178 crore, while total collections for the nine-month period reached ₹478 crore, showing a 16% growth.

As of January 29, 1:12 PM, Arkade Developers Ltd is trading at ₹151.92, up ₹6.00 (4.11%) today, but has declined 8.40% over the past six months and 11.54% in the last month.

Completed and Ongoing Projects

Arkade Developers has completed 31 projects covering 55 lakh sq ft so far, with 20 lakh sq ft under development. The company has also obtained four occupation certificates (OCs) in FY25 and is in the process of handing over 500 flats.

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

Paytm Introduces ‘Receive Money QR Widget’ for Instant Payments on Android

Paytm has introduced a new feature for Android users, the ‘Receive Money QR Widget’ allowing individuals and businesses to collect payments directly from their smartphone home screens. This update eliminates the need to open the Paytm app, making transactions quicker and more convenient. 

Payment Collection

The widget helps users display their Paytm QR code on the home screen, letting customers scan and pay without additional steps. Paytm had previously launched this feature for iOS users, and after positive feedback, it has now been extended to Android.

An addition to this feature is a coin-drop sound notification, which provides real-time alerts whenever a payment is received. This helps businesses and individuals instantly confirm transactions without manually checking their apps.

Expanding UPI and Mobile Payment 

Beyond this update, Paytm is expanding its digital payment ecosystem. The company has been enabling UPI transactions in international markets such as the UAE, Singapore, and Mauritius, making it easier for Indian travellers to make seamless payments abroad. 

Additionally, features like UPI Lite for small transactions and RuPay Credit Card linking on UPI aim to improve the overall user experience.

How does the QR Widget Work?

Setting up the Receive Money QR Widget is simple:

  1. Open the Paytm App and tap on the profile icon in the top left corner.
  2. Select “Add QR to Homescreen” located below the QR code.
  3. Confirm the action to add the widget to the home screen.
  4. Once added, the QR widget will be accessible for users to receive payments instantly.

As of 12:52 PM on January 29, One 97 Communications Ltd (OCL) shares are trading at ₹792.25, up ₹23.05 (3.00%) for the day. Over the past six months, the stock has surged 60.36%, while its 1-year gain stands at 5.35%.

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

Axis Max Life Introduces Smart Term Plan Plus with Added Benefits

Axis Max Life Insurance has launched Smart Term Plan Plus, a non-linked, non-participating, pure-risk life insurance plan designed to provide flexible coverage across different life stages. The plan includes various options and benefits for female policyholders and is designed to address specific financial needs.

Coverage and Exit Benefits

The plan allows policyholders to receive up to 200% of the total premiums paid as a special exit value from the 30th policy year, without requiring additional premiums. It also includes multiple coverage variants such as “Return of Premium,” “Early ROP Plus,” “Smart Cover,” and “Whole Life Cover”, which provide flexibility based on individual preferences.

A rebalancing cover feature is also included, automatically adjusting life cover and accidental death benefits as the policy progresses. For families with young children, the Smart Cover feature increases coverage to 1.5X for the first 15 years. The Whole Life Cover option extends coverage up to age 100.

Women-Centric Benefits

The plan includes a maternity cover benefit, offering protection against pregnancy complications and covering congenital anomalies in newborns for up to three years. Female policyholders also have access to the Lifeline Plus benefit, which allows them to increase their coverage by up to 50% of the base sum assured (or ₹50 lakh, whichever is lower) if their spouse passes away.

Women receive a 15% discount on premiums, with salaried women getting an additional 15% discount on their first-year premium, bringing the total possible discount to 27.75%.

Income Protection and Payouts

The plan offers an income protection cover, where policyholders can choose to receive monthly income payouts, either as a fixed amount or an inflation-adjusted payout. This option provides financial stability for dependents.

According to Axis Max Life’s IPQ 6.0 Survey, only 31% of urban Indians have term insurance. The company states that this plan is designed to address the protection gap by making coverage more accessible.

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.