Reliance Buys ₹10,000 Cr in Govt Bonds Amid Softer Yield Expectations

Reliance Industries Ltd. (RIL) has made large purchases of government securities from the secondary market, reportedly amounting to ₹7,000-₹10,000 crore during the second week of April. 

This activity followed the Reserve Bank of India’s (RBI) monetary policy update on April 9, where the central bank cut the policy repo rate. The buying is seen as a response to expectations of a further decline in bond yields.

As of 12:41 pm on April 22, 2025, Reliance Industries share price were trading at ₹1,298.60, up 0.24% for the day, but down 3.33% over the past six months and 12.25% over the past year.

10-Year Bond Yield at Lows

The benchmark 10-year government bond yield has been trading at multi-year lows. With the RBI indicating the possibility of further rate cuts during the year, market participants are expecting two additional reductions in the policy rate. This has led to increased interest in government securities, particularly from institutional buyers like RIL.

Regulatory Adjustment on Bank Deposits

On the regulatory front, the RBI has revised its earlier proposal concerning digitally linked retail deposits. Banks are now required to maintain a buffer of 2.5% for such deposits, down from the 5% run-off factor proposed in July. This change applies to internet and mobile banking-accessible deposits and is intended to be implemented within one year.

Effect on Bank Liquidity Coverage

According to the RBI, the change in the buffer requirement is expected to improve banks’ Liquidity Coverage Ratio (LCR) by approximately 6 percentage points as of the December quarter. The central bank also stated that all banks continue to meet the minimum regulatory LCR requirements.

Read more: Reliance Share Price in Focus: Q4 Results, Dividend, and Fundraising Announcement on April 25.

Context of Run-Off Risk

The original proposal aimed to address risks of deposit “run-off”, when funds are quickly withdrawn and redirected into higher-yielding assets. The revised rule lowers the capital buffer burden on banks while maintaining oversight over potential liquidity risks.

Conclusion

The combination of lower policy rates, softening bond yields, and regulatory easing appears to be driving activity in the bond market. RIL’s recent investment aligns with this environment, while banks are adjusting to updated compliance norms over the next 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.

 

Tata Motors, Tata Power Renewable Energy Sign Agreement for Wind-Solar Hybrid Project

On April 21, 2025, Tata Motors entered into a power purchase agreement (PPA) with Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, to jointly set up a 131 MW wind-solar hybrid renewable energy project.

Project Capacity and Scope

The hybrid project will supply energy exclusively to Tata Motors’ six manufacturing facilities located in Maharashtra and Gujarat. These units handle both commercial and passenger vehicle production. The project is expected to generate around 300 million units of renewable electricity each year.

According to Tata Power’s regulatory filing, the energy generated through this project is expected to help reduce carbon dioxide emissions by over 2 lakh tons annually.

Financing Structure 

The integrated power project will be co-financed by Tata Motors and Tata Power. It will operate under a long-term PPA signed between the two companies. The wind-solar hybrid setup is aimed at providing consistent and cost-effective green energy to support Tata Motors’ operations.

Statements from Tata Motors Officials

Vishal Badshah, Vice President – Operations, Commercial Vehicles, Tata Motors, and Pramod Choudhary, Vice President – Operations, Passenger Vehicles, both acknowledged the agreement as part of ongoing plans related to energy transition within manufacturing. The company’s plants in Gujarat and Maharashtra are expected to benefit from the move.

Read More: Tata Motors Shares in Focus as JLR Evaluates Response to New US Tariffs.

Share Price Performance

As of 12:43 PM on April 22, 2025, Tata Power Company share price was trading at ₹390.55, down 0.077%. The stock has seen a 4.73% gain over the last week and a 4.12% rise in April 2025. Year-to-date, the stock is down 0.40%. Tata Power’s market capitalisation stood at ₹1.25 lakh crore as of April 21. At the same time, Tata Motors share price stood at ₹629.90, down 0.024%.

Conclusion

The 131 MW project adds to Tata Motors’ renewable energy capacity and involves long-term collaboration with Tata Power. It is to also support operations at multiple manufacturing sites while contributing to emission reductions.

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.

DCX Systems Share Price in Focus on JV with ELTA Systems

DCX Systems Limited signed a Joint Venture Agreement on April 21, 2025, with ELTA Systems Ltd, a subsidiary of Israel Aerospace Industries (IAI), along with its group companies. The agreement covers the formation of a joint venture company (JVC) in India.

As of 12:52 PM on April 22, DCX Systems share price was trading at ₹273.25, down 0.22% for the day, 5.37% over the past six months, and 12.63% over the past year.

Scope of the Joint Venture

The newly formed JVC will work on the development and manufacturing of radar systems. This includes airborne maritime radar systems, fire control radar systems, and other radar technologies for both airborne and land-based applications. The project will be executed under the “Make in India” initiative.

Ownership Structure

DCX Systems will hold a 37% equity stake in the JVC, while the ELTA group will hold the remaining 63%. As of the date of execution, DCX has no shareholding in ELTA or its group companies.

Board Composition

Initially, the JVC board will consist of four directors, three appointed by ELTA and one by DCX. Upon full investment by DCX, the board will expand to five members, including two from DCX and three from ELTA. The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) will be nominated by ELTA, subject to board approval.

Read more: DCX Systems Secures Major Purchase Orders Worth ₹24.51 Crores.

Licensing and Terms

As per the filing, ELTA will provide an exclusive license for its radar technology to JVC, specifically for “Make in India” projects. The licence excludes government-to-government (G2G) and government-to-customer (G2C) engagements. Other terms include provisions for capital structure, board rights, intellectual property, reserved matters, and conflict resolution through mechanisms like a call option.

Transaction Nature and Compliance

The agreement does not involve related parties and does not result in any conflicts of interest. Shares subscribed by DCX will be issued at fair value, compliant with applicable laws. The company has disclosed this development to stock exchanges as required under SEBI regulations.

Conclusion

The JVC is set up to manufacture radar systems in India, with participation from both DCX Systems and ELTA Systems, as part of defence manufacturing projects under the national production scheme.

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.

Nureca Receives Approval for Manufacturing Facility in Punjab

Nureca Limited has received formal approval from the Department of Industries & Commerce, Government of Punjab (Invest Punjab), to set up a new manufacturing facility in Village Sundra, Sub-Tehsil Zirakpur, District SAS Nagar, Punjab. The approval has been granted under the Industrial and Business Development Policy (IBDP) – 2022.

Manufacturing Focus

The new unit will focus on the production of health and wellness equipment. This addition is expected to contribute to Nureca’s existing domestic manufacturing infrastructure. The company currently operates in segments such as chronic device care, orthopaedics, mother and child products, nutrition supplements, and wellness essentials.

Nureca’s registered office is located in Goregaon East, Mumbai, while its correspondence office is based in Chandigarh.

Policy Benefits

Under the IBDP-2022 policy, the project will be eligible for incentives offered by the state government. These typically include financial, infrastructural, and operational support. Specific details of the incentives applicable to this facility were not disclosed in the company’s filing.

Filing and Disclosure

The announcement was made through a stock exchange disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted on April 21, 2025, by Nishu Kansal, Company Secretary and Compliance Officer at Nureca Limited.

Read more: Nifty Pharma Records Steepest Fall Since 2020 – Here’s Why.

Share Price Performance

As of 12:58 PM on April 22, Nureca share price was trading at ₹254.50, down 0.40% for the day, up 12.94% over the past month, and down 10.31% over the past six months.

Conclusion

Nureca’s new project in Punjab has received official clearance and will operate under the provisions of IBDP-2022. The facility will focus on manufacturing wellness equipment and is eligible for policy-linked incentives provided by the state.

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.

Bajaj Finserv Launches Nifty Next 50 Index Fund

Bajaj Finserv Asset Management Company has opened a New Fund Offer (NFO) for its Nifty Next 50 Index Fund – Regular Growth, beginning 22 April 2025 and closing on 6 May 2025.

Fund Objective and Strategy

The scheme aims to invest in companies that are part of the Nifty Next 50 Index. The portfolio will include all the stocks in the index, with each stock held in roughly the same proportion as its weight in the index. The objective is to track the performance of the Nifty Next 50 Index, subject to tracking errors. The fund does not aim to outperform or underperform the index.

Index Background

The Nifty Next 50 Index represents the 50 companies that are next in line after the Nifty 50 in terms of free-float market capitalisation. These are companies across multiple sectors, and some of them may eventually move into the Nifty 50 over time.

Fund Details 

  • Category: Equity | Large Cap
  • Opening NAV: ₹10 per unit
  • Minimum Investment: ₹500
  • Options Available: Growth and IDCW (Income Distribution cum Capital Withdrawal)
  • Entry/Exit Load: None
  • SIP, SWP, STP: Available

The fund will be managed by Ilesh Savla, who is also responsible for other index funds under the AMC.

Application Period

Investors can subscribe to the scheme from April 22, 2025, to May 6, 2025, through authorised platforms and intermediaries.

Read More: NFO Alert: Bajaj Finserv Mutual Fund Launches Bajaj Finserv Multi Cap Fund.

Conclusion

This index fund follows a passive strategy with the goal of matching the returns of the Nifty Next 50 Index over time. It uses standard index-tracking methodology and does not involve active stock selection.

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.

Baroda BNP Paribas and Sundaram Mutual Fund Filed Draft with SEBI

Baroda BNP Paribas Mutual Fund and Sundaram Mutual Fund have submitted draft documents to SEBI for the launch of two new schemes: the Baroda BNP Paribas Multi Asset Active Fund of Funds and the Sundaram Multi Factor Fund.

Baroda BNP Paribas Multi Asset Active FoF

Baroda BNP Paribas has proposed a multi-asset fund of funds (FoF) scheme aiming to invest across a mix of equity, debt, and gold ETFs. This open-ended fund seeks to actively allocate investments into domestic mutual fund schemes within these asset classes. It is for investors looking for a diversified approach within a single scheme.

The fund’s indicative asset allocation pattern spans:

  • Equity schemes: 10-80%.
  • Debt schemes: 10-80%.
  • Gold ETFs: 10-30% The scheme can also hold up to 10% in liquid assets such as TREPS or money market instruments.

Minimum application amount is ₹1,000, with additional purchases in multiples of ₹1. The fund will offer both Regular and Direct plans under Growth and IDCW options.

Read more: Income Distribution Announced by Baroda BNP Paribas Mutual Fund.

Sundaram Multi Factor Fund

Sundaram Mutual Fund’s new offering falls under the equity-thematic category and will follow a multi-factor model-based strategy. The fund aims to deliver long-term capital growth by selecting stocks based on factors such as value, momentum, quality, and growth, combining both fundamental and technical indicators.

Highlights include:

  • Minimum 80% of assets in equity using a quantitative multi-factor model
  • Up to 20% in debt and money market instruments
  • Benchmark: BSE 200 TRI
  • Entry at ₹10 per unit during NFO
  • Exit load of 1% if units are redeemed within 365 days

SIPs start from ₹100, and STP/SWP options are available. The fund will be managed by Rohit Seksaria, Bharath S., Dwijendra Srivastava, and Sandeep Agarwal.

Read more: Sundaram Mutual Fund Unveils Prosperity SIP with Enhanced Features.

Conclusion

Both schemes target different investor needs, Baroda BNP’s fund focuses on asset class diversification via FoF, while Sundaram introduces a structured, model-driven equity strategy. These drafts await SEBI’s approval before their respective launches.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

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.

SEBI Unveils Proposals to Streamline Dispute Resolution Mechanism

The Securities and Exchange Board of India (SEBI) has issued a consultation paper on 21 April, proposing significant changes to the handling of disputes and complaints among market participants. The regulator seeks to streamline processes through greater use of the Online Dispute Resolution (ODR) mechanism, among other regulatory updates. Public feedback on these proposals is invited until 12 May.

Expansion of Direct Referral to ODR Mechanism

SEBI has proposed that certain categories of disputes and complaints may be directly referred to the ODR portal without exhausting previous grievance redressal stages. These cases include disputes involving financial claims equal to or exceeding ₹10 crore, chronic or repetitive disputes, complaints filed by Schedule B entities, and disputes where a trading member seeks debit recovery against a client investor. 

Additionally, disputes where both parties have given consent, or those contested on grounds of time-barring or technical infirmities highlighted during pre-conciliation, are also eligible for direct arbitration referral. 

Traditionally, the ODR mechanism was accessible only after an investor raised a grievance with the concerned market participant and, if unresolved, escalated the matter to SEBI’s SCORES platform. The new proposal seeks to bypass these initial steps under specific circumstances to facilitate faster dispute resolution.

Other Proposed Changes to the Regulatory Framework

Apart from expanding access to the ODR mechanism, SEBI has suggested the introduction of several regulatory amendments. A key proposal is the inclusion of a provision rendering consent given during conciliation proceedings irrevocable. 

 

Further, SEBI recommends incorporating new regulations that detail the Standard Operating Procedure (SOP) for handling complaints and disputes, aiming to bring greater clarity and uniformity to the redressal process. These measures are intended to ensure efficiency and certainty in dispute resolution among investors, intermediaries, and listed companies, reinforcing the integrity and effectiveness of the market’s grievance redressal framework

Read More: SEBI Proposes Key Reforms for Angel Funds to Boost Capital Flow to Start-Ups!

Conclusion

SEBI’s latest proposals mark an important step towards enhancing the efficiency of dispute resolution in the Indian securities market. By expanding the use of the ODR platform and introducing new procedural safeguards, the regulator aims to provide quicker and more structured redressal avenues for market participants.

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.

NTPC Signs 300 MW PPA with Brookfield Platform Evren for Renewable Power

Evren, an Indian renewable energy platform launched by Brookfield in partnership with Axis Energy, has signed a 300 MW Power Purchase Agreement (PPA) with NTPC, a government-owned power company. This agreement is focused on delivering reliable and scheduled renewable energy.

Details of the Renewable Energy Project

The project will involve setting up around 1 GW of total capacity using a mix of solar, wind and battery storage. The goal is to supply 300 MW of Firm and Dispatchable Renewable Energy (FDRE), which ensures steady energy delivery even during peak usage hours.

Benefits for Power Distribution Companies

By combining different renewable sources with energy storage, the project will help electricity distributors manage demand more effectively. It also supports them in fulfilling their renewable energy usage targets and storage requirements.

Evren’s Vision and Future Plans  

Evren’s CEO, Suman Kumar, stated that this agreement is a key achievement for the company. He highlighted their ongoing investment in strong resources like approved connections and land with detailed data, which will help deliver large-scale clean energy solutions and support India’s transition to renewable energy.

 

Read More: NTPC, NTPC Green Announces Mega Investment of ₹96,000 Crore for Major Energy Projects in Chhattisgarh

Share Performance 

As of April 22, 2025, at 11:10 AM, NTPC share price is trading at ₹363.65 per share, reflecting a decline of 0.25% from the previous day’s closing price. Over the past month, the stock has declined by 0.90%. The stock’s 52-week high stands at ₹448.45 per share, while its low is ₹292.80 per share.

Conclusion

The partnership between Evren and NTPC marks a key advancement in India’s journey towards sustainable energy. By blending different renewable sources with advanced storage solutions, the project is set to improve energy reliability and help meet green energy targets, showing a promising future for India’s power sector.

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.

Coal India and DVC Sign MoU for Power Expansion at Chandrapura Plant

Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have signed a Memorandum of Understanding (MoU) to jointly explore new power project opportunities. 

Purpose of the MoU

The MoU aims to set up 2×800 MW Ultra Supercritical power units at the Chandrapura Thermal Power Station (CTPS) in Jharkhand with an investment of ₹16,500 crore. The project is an expansion of the existing 500 MW Chandrapura Thermal Power Station. This will be a brownfield expansion, meaning it will be built at the existing power plant site.

 

The joint venture would operate on a 50/50 equity split, with coal for the planned power plants sourced from nearby Bharat Coking Coal Ltd and Central Coalfields Ltd, subsidiaries of CIL.

Future Plans Under the MoU 

Apart from the Chandrapura project, CIL and DVC will also explore other joint opportunities to develop both Thermal and Renewable Energy projects. These may include energy storage systems as well.

About the Companies 

Coal India Limited is a government-owned company and the largest coal-producing company in the world. It plays a vital role in meeting India’s energy needs by supplying coal to various sectors, especially power generation. CIL focuses on increasing coal production, improving efficiency and supporting the country’s energy security.

 

Damodar Valley Corporation is a government-run organisation involved in power generation, transmission and distribution. It operates mainly in the Damodar Valley region and manages thermal and hydro power plants. DVC is also engaged in water management, flood control and irrigation, making it a key player in both energy and regional development.

 

Read more: Coal India Forms JV with GAIL to Enter Synthetic Natural Gas Sector

Coal India Share Performance 

As of April 22, 2025, at 10:30 AM, Coal India share price is trading at ₹401.35 per share, reflecting a decline of 0.21% from the previous day’s closing price. Over the past month, the stock has declined by 1.15%. The stock’s 52-week high stands at ₹543.55 per share, while its low is ₹349.25 per share.

Conclusion

The signing of this MoU reflects a shared commitment by CIL and DVC to strengthen energy infrastructure and address the rising electricity needs of the DVC valley region. By planning both thermal and renewable projects, this collaboration sets the stage for long-term sustainable power development. 

 

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.

HUDCO to Raise ₹5,000 Crores Through Zero Coupon Bonds for Infrastructure Projects

Housing and Urban Development Corporation Limited (HUDCO) has been allowed to raise funds by issuing Zero Coupon Bonds worth ₹5,000 Crores.

Key Features of the Bonds

  • Name of Bond: Ten Year Zero Coupon Bond  
  • Tenure: 10 years and 1 month  
  • Issue Deadline: On or before 31st March 2027  
  • Maturity Amount: ₹5,000 Crores  
  • Discount Amount: ₹2,351.49 Crores  
  • Total Bonds: 5,00,000 units  

Use of Funds

The money raised through these bonds must be used only for infrastructure projects. These projects should be able to repay the debt from their own earnings and should not depend on the State Governments for repayment.

 

Infrastructure refers to sectors listed in the Harmonised Master List prepared by the Department of Economic Affairs. This includes all current and future updates to the list.

About Housing and Urban Development Corporation Limited

Housing and Urban Development Corporation Limited is a government-owned company that provides financial assistance for housing and urban infrastructure projects in India. It plays a key role in supporting affordable housing, urban development and infrastructure growth across the country.

 

Read More: Hudco Share Price Jump Over 6% After Signing ₹1.5 Trillion MoU with MMRDA

Share Performance 

As of April 22, 2025, at 11:35 AM, Housing and Urban Development Corporation Limited share price is trading at ₹238.96 per share, reflecting a surge of 1.92% from the previous day’s closing price. Over the past month, the stock has surged by 14.27%. The stock’s 52-week high stands at ₹353.70 per share, while its low is ₹158.85 per share.

Conclusion

This bond issue by HUDCO is a major step towards boosting infrastructure development in India. By focusing on self-sustaining projects, it promotes responsible borrowing and reduces dependency on state funding.

 

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.