Gland Pharma Secures EIR From USFDA for Pashamylaram Facility

Gland Pharma, a leading injectable-focused pharmaceutical company, operates across 60 countries, including the U.S., Europe, Canada, Australia, and India. Its diverse portfolio features vials, ampoules, pre-filled syringes, lyophilised vials, dry powders, infusions, and specialised oncology and ophthalmology solutions, showcasing its global impact and innovation in healthcare.

Got EIR from USFDA

Gland Pharma recently announced the receipt of an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its Pashamylaram facility in Hyderabad. 

The issuance of the EIR signifies the successful closure of the inspection, which was conducted between 25th July and 2nd August 2024. During this period, the USFDA reviewed the site’s adherence to Good Manufacturing Practices (GMP) and issued three procedural Form 483 observations.

Gland Pharma Q2 FY25 Results

Gland Pharma reported a 15.7% year-on-year decline in net profit, amounting to ₹163.5 crore for Q2 FY25, attributed largely to diminished European sales and operational hurdles at its French subsidiary, Cenexi. However, the company witnessed a modest 2.4% growth in revenue from operations, reaching ₹1,405.83 crore. This growth was propelled by a 3% uptick in U.S. sales and an impressive 45% surge in other international markets.

EBITDA for the quarter contracted by 8% to ₹297.06 crore, with margins narrowing to 21.1% from 23.6% in the prior year. Research and development (R&D) expenditure totalled ₹49.3 crore, accounting for 4.6% of revenue. During the quarter, Gland Pharma filed 7 new Abbreviated New Drug Applications (ANDAs) and secured eight approvals, underscoring its commitment to innovation.

Share Price Performance 

At 3:30 PM today, Gland Pharma share price traded at ₹1,670.00 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.

Dixon Technologies Subsidiary Signs MoU with KHY Electronic

Dixon Technologies (India) Limited, founded in 1993 by Sunil Vachani and headquartered in Noida, Uttar Pradesh, is a leading Indian multinational electronics manufacturing services (EMS) company. 

Dixon Acquired the land and Assets of KHY Electronics

On January 20, 2025, Dixon Technologies share price surged nearly 2% following the company’s announcement of plans to acquire the land and assets of KHY Electronics India.

In a regulatory filing, Dixon disclosed that its subsidiary, IsmartU India Private Limited (IIPL), has entered into a binding Memorandum of Understanding (MoU) with KHY Electronics India. Through this agreement, the subsidiary will acquire machinery, land, buildings, and other tangible assets of KHY for a total consideration of ₹133 crore.

Dixon Technologies Q2 FY25 Results

Dixon Technologies showcased a stellar performance in Q2 FY25, with net profit skyrocketing by 265% year-on-year to ₹412 crore, boosted by a ₹209.6 crore one-off gain from the divestment of its stake in a joint venture. Excluding this exceptional item, the adjusted net profit climbed 109% to ₹236 crore, while revenue soared by a remarkable 120% to ₹18,116 crore, propelled by a 235% surge in its mobile segment, which contributed an impressive 82% to the top line.

Although the EBITDA margin stood at 3.7%, slightly trailing expectations due to the higher contribution of the lower-margin mobile business, the company exuded confidence in its growth trajectory by revising its FY25 revenue guidance upwards to ₹40,000 crore. This comes despite a 10% dip in share prices, underscoring its robust strategic outlook and sustained momentum.

Share Price Performance 

At 3:24 PM today, Dixon Technologies (India) share price traded at ₹17,540.00 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.

Dalmia Bharat Arm Acquires 26% Stake in Solis Urja Energy

Dalmia Bharat has firmly established itself as one of India’s most esteemed cement manufacturers, playing a pivotal role in nation-building through significant capacity expansion, unwavering commitment to superior quality standards, and innovative value-added products.

Signed Share Subscription Agreement

Dalmia Bharat’s wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), signed a Share Subscription and Shareholders Agreement (SSSHA) on January 17, 2025. 

The agreement outlines DCBL’s acquisition of a 26% equity stake in Solis Urja Energy, amounting to 17,50,000 equity shares valued at ₹1.75 crore, to be executed in multiple tranches. This move facilitates the procurement of solar power as a captive consumer for a capacity of up to 7.0 MWp in Andhra Pradesh.


The transaction is subject to customary conditions precedent and is expected to conclude within six months. This strategic acquisition underscores Dalmia Bharat’s commitment to sustainability, aligning with the group’s ambitious RE100 target by 2030 and its vision to achieve carbon negativity by 2040. 

Q2 FY25 Results

In its Q2 FY25 results, Dalmia Bharat reported a consolidated net profit of ₹49 crore, reflecting a notable 60.16% decline from ₹123 crore in the same quarter last year. 

Revenue from operations also witnessed a slight dip, decreasing by 2.09% to ₹3,087 crore compared to ₹3,153 crore in the same period of the previous fiscal year. However, despite these challenges, the company demonstrated robust operational performance, with sales volumes increasing by 14.1% to 6.7 million tonnes. The board declared an interim dividend of ₹4 per share, with a record date of October 26, 2024.

Share Price Performance

As of 2:49 PM today, Dalmia Bharat Ltd shares were trading at ₹1,752.25 on the NSE, reflecting a rise of over 1%. The BSE-listed ‘A’ group stock, with a face value of ₹2, recorded a 52-week high of ₹2,428.85 on 14th December 2023 and a 52-week low of ₹1,664.20 on 4th June 2024.

Over the past week, the stock has traded within a range of ₹1,928.95 to ₹1,814.10. The company’s current market capitalisation stands at an impressive ₹34,381.23 crore.

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 Directs Mutual Funds to Disclose Information Ratio for Equity Schemes

The Securities and Exchange Board of India (SEBI) has taken another significant step towards ensuring greater transparency and investor awareness in the mutual fund industry. In a circular issued on 17 January 2025, SEBI mandated the daily disclosure of the Information Ratio (IR) for equity-oriented mutual fund schemes. This move seeks to provide investors with a clearer understanding of a scheme’s risk-adjusted returns (RAR) and performance consistency.

Understanding the Information Ratio

The Information Ratio (IR) is a key metric that measures a fund’s performance relative to its benchmark, considering both returns and risk. It is calculated as the excess return (portfolio return minus benchmark return) divided by the standard deviation of the scheme’s daily returns. The benchmark for calculation will be the Tier 1 benchmark used by equity mutual funds. By incorporating volatility into the formula, the IR highlights a fund manager’s ability to generate excess returns consistently while managing risks effectively.

SEBI has emphasised the importance of this metric, noting that it provides a more nuanced evaluation of fund performance compared to traditional measures that may overlook volatility and consistency.

Implementation and Investor Benefits

The new disclosure requirement applies exclusively to equity mutual fund schemes. Fund houses must display the IR prominently on their websites, alongside other performance data, which must be updated daily. Additionally, SEBI has directed the Association of Mutual Funds in India (AMFI) to ensure that these disclosures are made available in a standardised, downloadable, and machine-readable format on their website.

This initiative is expected to empower investors with better insights into the risk-adjusted performance of mutual funds, enabling more informed decision-making. By mandating the disclosure of IR, SEBI has reinforced its commitment to fostering a transparent and investor-centric mutual fund industry.

Conclusion

SEBI’s introduction of the Information Ratio as a mandatory disclosure for equity mutual fund schemes highlights an important step by the market regulator in enhancing transparency and investor understanding. This measure will help investors assess both the returns and risks of funds more comprehensively, fostering confidence and accountability in the mutual fund space.

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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.

RBI Permits Overseas INR Accounts To Strengthen Global Transactions

In a pivotal move to promote the Indian Rupee (INR) in international trade, the Reserve Bank of India (RBI) introduced sweeping changes to the Foreign Exchange Management Act (FEMA), in 1999. These reforms aim to elevate the INR’s global standing, reduce reliance on major foreign currencies like the US Dollar, and bolster India’s trade and investment framework.

RBI Enables INR Accounts for Non-Residents Globally

The RBI now allows overseas branches of Authorised Dealer (AD) banks to open INR accounts for non-residents, streamlining cross-border transactions with Indian residents. These accounts can also facilitate transactions between non-residents, using balances in repatriable INR accounts, such as Special Non-resident Rupee Accounts (SNRAs) and Special Rupee Vostro Accounts (SRVAs). This development creates new avenues for INR-based trade and financial settlements outside India.

Further, the balances in repatriable INR accounts can now be used for foreign investments, including foreign direct investment (FDI) in non-debt instruments. This offers international investors a more flexible and rupee-focused investment channel into India.

Exporters Gain Flexibility Amid Strengthened Bilateral Trade

Indian exporters now have the freedom to open foreign currency accounts overseas to receive export proceeds, which can also be used for import payments. This provision not only reduces conversion costs but also simplifies operational processes for businesses engaged in global trade.

These initiatives build on earlier measures, such as the introduction of SRVAs in 2022, which allowed foreign banks to hold INR accounts with Indian banks. Agreements with central banks in nations like the UAE, Indonesia, and the Maldives have further encouraged bilateral trade in local currencies, reinforcing the INR’s role in global commerce.

Conclusion

By permitting overseas INR accounts and providing enhanced flexibility for exporters and investors, the RBI has taken a significant step toward internationalising the Indian Rupee. These measures are set to strengthen India’s economic ties, promote rupee-based trade, and reduce reliance on foreign currencies, marking a new chapter in global financial integration.

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.

Ashapura Minechem Signs MoU with China Railway for Bauxite Development

Ashapura Minechem Ltd announced on January 17, 2025, that its overseas subsidiary has signed a long-term Memorandum of Understanding (MoU) with China Railway. The agreement involves jointly developing the Fako bauxite deposit in Guinea’s Kindia region.

Division of Responsibilities

As per the agreement, China Railway will handle the production of bauxite and provide logistical solutions. Ashapura Minechem will focus on sales, marketing, and technical support, including quality assurance for the project.

Regulatory Filing

The MoU was disclosed to the Bombay Stock Exchange and National Stock Exchange under SEBI regulations. The filing described the collaboration as a step towards increasing production capacity and expanding the company’s presence in the global bauxite market.

The project also shows the ongoing trend of cross-border partnerships in the mining industry to address resource demands and foster regional development.

Local and Economic Impact

The project is to create jobs and support economic development in the Kindia region, one of Guinea’s underdeveloped areas. The company has talked about the potential for the initiative to improve livelihoods in the local communities.

Company Profile

Established in 1982, Ashapura Minechem is into mining, manufacturing, and trading minerals and their derivatives. Its products are used across industries such as cement, ceramics, steel, and energy. The company operates in India and seven other countries.

Stock Performance After Announcement

Ashapura Minechem’s share price increased by 9.99% on January 17, 2025, closing at ₹519.65. On January 20, today, shares rose further by 11:50 AM, reaching ₹532.50, showing a 2.48% increase for the day, a 49.41% rise over the past 6 months, and a 26.86% gain over the past year.

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

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

NFO Alert: Baroda BNP Paribas to Launch Baroda BNP Paribas Energy Opportunities Fund

Baroda BNP Paribas is introducing its Energy Opportunities Fund, a sectoral and thematic equity scheme, focusing on India’s energy sector. The New Fund Offer (NFO) opens on January 21, 2025, and closes on February 4, 2025, with a minimum investment requirement of ₹1,000. The fund is for investors seeking exposure to energy-related industries.

Structure and Strategy

At least 80% of the fund’s assets will be allocated to energy-related companies, with diversification across equity-linked instruments, global securities, and REITs/InVITs, to cover different sectoral exposure. Additionally, investments may include money market instruments and corporate bonds.

Key Details

  • Fund Managers: Sanjay Chawla and Sandeep Jain.
  • Benchmark: NIFTY Energy TRI.
  • Exit Load: 1% for redemptions exceeding 10% of the investment within one year.
  • SIP Options: ₹500 for daily, weekly, or monthly SIPs, and ₹1,500 for quarterly SIPs.

The fund is intended for investors looking to diversify their portfolios by participating in India’s energy sector. It will be interesting to watch the sector’s long-term potential.

Investment Objective

The fund aims to generate capital appreciation by investing in equity and equity-related instruments of companies involved in activities such as exploration, production, distribution, transportation, and processing within the energy sector. The portfolio will include companies from both traditional energy sectors like oil and gas and emerging renewable energy segments.

Sectoral Coverage

The fund’s investments focus on different energy themes, including extraction (mining and oil exploration), production (oil refining and energy generation), transmission (power transmission, gas pipelines, and Power InVITs), distribution(power and gas distribution, oil marketing), and energy transition, targeting renewable energy companies, equipment manufacturers, and consultancy services.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

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.

NFO Alert: SBI Mutual Fund Introduces SBI Nifty Bank Index Fund

SBI Mutual Fund has announced the launch of the SBI Nifty Bank Index Fund, an open-ended equity scheme that mirrors the performance of the Nifty Bank Index. The New Fund Offer (NFO) will open for subscription on January 20, 2024, and close on January 31, 2024, with the fund reopening for continuous sale and repurchase within 5 business days post-allotment.

Investment Strategy and Allocation

The fund employs a passive management approach, aiming to replicate the total returns of the Nifty Bank Index while minimising tracking errors. The asset allocation strategy is focused on investing 95-100% in securities covered by the index, with up to 5% in government securities or liquid mutual funds. This will help provide comprehensive exposure to the banks in India.

Costs and Flexibility

Investors can begin with a minimum application amount of ₹5,000 and make additional investments in multiples of ₹1 thereafter. For SIP (Systematic Investment Plan), options include daily, weekly, monthly, quarterly, semi-annual, and annual intervals. 

The scheme has no entry load, while an exit load of 0.25% applies for redemptions made within 15 days of allotment, which is waived for exits after this period.

Details and Management

The fund will be managed by Harsh Sethi and benchmarked against the Nifty Bank TRI. It is suitable for investors seeking long-term capital appreciation through a vehicle aligned with the performance of the country’s banking sector.

Portfolio Diversification

All in all, the SBI Nifty Bank Index Fund tracks the Nifty 50 Index, offering exposure to sectors like financial services, technology, energy, and consumer staples. It has an expense ratio of 0.20%, to focus on lower management costs. Approximately 33.42% of its portfolio is concentrated in financial services.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

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.

Union Mutual Fund Files Draft for Union Gold ETF

Union Mutual Fund has submitted a draft with SEBI to launch the Union Gold ETF, an open-ended scheme aiming to replicate the domestic prices of physical gold. Launched for investors seeking returns aligned with gold prices, the fund has a risk-o-meter labelled as “high risk,” showcasing the volatility in gold markets.

Features of the ETF

The New Fund Offer (NFO) price is set approximately at 1/1,00,000th of the 1kg gold price. With no exit load, investors can enter and exit freely. The scheme is listed on the NSE and BSE, allowing trading during market hours. The minimum investment is ₹1,000, followed by multiples of ₹1.

Investment Objective

The fund aims to generate returns mirroring domestic gold prices before expenses. To achieve this, it will invest predominantly in physical gold while maintaining a tracking error within acceptable limits.

Benchmark and Liquidity

The performance of the Union Gold ETF will be benchmarked against the Domestic Price of Physical Gold. Units can be redeemed or created in large batches, known as “creation units,” or traded on stock exchanges in smaller quantities.

Subscription and Target 

Union Gold ETF seeks to collect a minimum of ₹5 crore during the NFO. Investors must ensure a minimum investment of ₹1,000, with units allotted in whole numbers.

Portfolio Management

NAV (Net Asset Value) calculations will be disclosed daily on the fund’s website and AMFI portal. The fund commits to transparency in its holdings, adhering to SEBI regulations for asset allocation and tracking errors.

Suitability and Risks

The ETF is ideal for investors with a high-risk appetite seeking exposure to gold. However, fluctuations in gold prices, market volatility, and regulatory changes are key risks. Since the fund relies heavily on physical gold, storage and handling risks are also considered.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

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.

HSBC India Expands; Gets RBI Approval for Opening 20 New Branches

HSBC India, a part of the global HSBC Group, has been operating since 1853 and is headquartered in Mumbai. It offers a wide range of services, including retail banking, wealth management, corporate banking, global banking, commercial banking for SMEs, and private banking for high-net-worth individuals.

Approval from RBI

HSBC India announced on January 17, 2025, that it has secured approval from the Reserve Bank of India (RBI) to open 20 new branches across 20 cities, marking a bold and strategic expansion in the country.

This decision represents a significant shift in the bank’s approach, coming nearly 9 years after it shuttered 24 branches across 14 cities as part of its network consolidation strategy, which focused on transitioning retail and wealth management services to digital platforms.

HSBC India Expansion Vision in India

With the addition of these new branches, HSBC India’s footprint will extend to 46 locations across the country. This contrasts with 2016, when the bank operated 50 branches before opting to close 26—a move that underscores its evolving strategy.

HSBC India Visionary 20 New Branches Location 

The 20 new branches will be established in key cities identified for their burgeoning wealth potential: Amritsar, Bhopal, Bhubaneswar, Dehradun, Faridabad, Indore, Jalandhar, Kanpur, Ludhiana, Lucknow, Mysuru, Nagpur, Nashik, Navi Mumbai, Patna, Rajkot, Surat, Thiruvananthapuram, Vadodara, and Visakhapatnam.

These cities, characterised by their growing affluence and economic dynamism, have been carefully chosen to cater to the banking needs of high-net-worth and ultra-high-net-worth individuals. HSBC India intends for these branches to act as pivotal access points for clients with both domestic and international wealth aspirations.

HSBC India Focused on UHNI Clients 

HSBC India is strengthening its focus on wealth management, aiming to be the preferred international bank for affluent and globally mobile Indian clients. Sandeep Batra, Head of International Wealth and Premier Banking, highlighted plans to expand their international wealth and premier banking services to cater to both resident and non-resident customers. 

CEO Hitendra Dave emphasised HSBC’s ambition to establish itself as the leading international bank in India, leveraging its global capabilities in a market poised for a 50% surge in ultra-high-net-worth individuals by 2028.

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.