HSBC and Mirae Asset Mutual Fund Declare Income Distribution Across Schemes

Mutual fund houses HSBC and Mirae Asset have declared income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for several of their schemes. The record date for all declared distributions stands as March 25, 2025.

HSBC Mutual Fund

HSBC Mutual Fund has announced IDCW payouts under five of its mutual fund schemes, with differing distribution amounts for direct and regular plans. Here’s a breakdown of the income distribution per unit:

Scheme Name IDCW ( ₹/unit)
HSBC Aggressive Hybrid Direct-IDCW 0.240
HSBC Aggressive Hybrid-IDCW 0.210
HSBC Balanced Advantage Direct-IDCW 0.155
HSBC Balanced Advantage-IDCW 0.135
HSBC ELSS Tax Saver Direct-IDCW 2.000
HSBC ELSS Tax Saver-IDCW 1.500
HSBC Global Emerging Markets Direct-IDCW 0.900
HSBC Global Emerging Markets-IDCW 1.200
HSBC Large and Mid Cap Direct-IDCW 1.800
HSBC Large and Mid Cap Reg-IDCW 1.650

 

The HSBC ELSS Tax Saver Direct-IDCW offers the highest payout at  ₹2.00 per unit, followed by HSBC Large and Mid Cap Direct-IDCW at  ₹1.80. Regular plan holders across several schemes are receiving slightly lower amounts than direct plan investors.

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund also rolled out IDCW declarations for three of its schemes under both direct and regular plans. Here’s what investors can expect:

Scheme Name IDCW ( ₹/unit)
Mirae Asset Healthcare Direct-IDCW 2.15
Mirae Asset Healthcare Reg-IDCW 1.90
Mirae Asset Aggressive Hybrid Direct-IDCW 1.65
Mirae Asset Aggressive Hybrid Reg-IDCW 1.35
Mirae Asset Equity Savings Direct-IDCW 1.15
Mirae Asset Equity Savings Reg-IDCW 1.05

The Mirae Asset Healthcare Direct-IDCW plan leads the payout list with  ₹2.15 per unit, while regular plan investors receive  ₹1.90 per unit.

Conclusion

With March 25, 2025, as the record date, both fund houses are offering timely income distributions to investors under the IDCW option. Investors looking for regular income or capital withdrawal opportunities can take note of these schemes and assess how they align with their investment goals.

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. 

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

NBCC Secures Two Work Orders Worth ₹658.43 Crore

NBCC (India) Limited has been awarded 2 major work orders worth approximately ₹658.43 crore. These projects, secured in the normal course of business, focus on urban revitalisation and infrastructure development in Uttarakhand and New Delhi.

Urban Redevelopment in Uttarakhand

The Uttarakhand Investment and Infrastructure Development Board (UIIDB) has entrusted NBCC with key revitalisation projects amounting to ₹438.98 crore. These include:

  • Rodi Belwala Area Revitalisation
  • Sati Kund and Surrounding Development
  • Har Ki Pauri and Subhash Ghar Revitalisation
  • Redevelopment of Parking and Commercial Area at Upper Road, Haridwar

These projects aim to enhance tourism and public infrastructure in Haridwar.

Infrastructure Development in New Delhi

NBCC has also secured a Project Management Consultancy (PMC) contract from the Centre for Development of Telematics (C-DOT), valued at ₹219.45 crore. The project involves planning, supervision, and construction of:

  • Data Centre and Technical Block
  • Housing, Hostels, and Residential Buildings

This initiative will bolster India’s telecommunication research capabilities.

NBCC Share Performance 

As of March 25, 2025, at 1:10 PM, NBCC share price is trading at ₹83.08 per share, reflecting a decline of 2.67% from the previous closing price. Over the past month, the stock has surged by 5.55%.

Conclusion

NBCC’s latest contracts reaffirm its role in infrastructure development across India. The company continues to expand its portfolio with significant urban and technological projects.

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.

Kalpataru Projects Shares Surge On Securing Orders Worth ₹2,366 Crore

Kalpataru Projects International Ltd (KPIL) and its global subsidiaries have secured new orders amounting to approximately ₹2,366 crore. These orders span the company’s Transmission and Distribution (T&D) as well as Buildings and Factories (B&F) business segments.

As of 12:12 PM on 25 March, Kalpataru Projects International share price is trading at ₹1,005.00, up ₹24.60 (2.51%) for the day, showing a gain of 11.18% over the past month but a decline of 24.50% over the past six months.

Breakdown of New Orders

The T&D business has received contracts both in India and in overseas markets. Among these is a major order in the High Voltage Direct Current (HVDC) segment. In the B&F segment, the order is a repeat contract from an existing client based in India.

Cumulative Order Intake for FY25

Including these recent wins, KPIL’s total order intake for the current financial year (FY25) has reached ₹24,850 crore. These additions contribute to the company’s execution pipeline for upcoming quarters.

KPIL operates in over 75 countries and is currently executing projects in more than 30. The company works across several verticals, including power transmission, buildings and factories, railways, oil and gas, water supply, highways, airports, and urban mobility.

Q3 FY25 Financial Highlights

In the third quarter of FY25, KPIL recorded a consolidated net profit of ₹141.96 crore, a 0.7% increase year-on-year. Net sales for the quarter stood at ₹5,732.48 crore, up 17.1% compared to the same period last year.

Conclusion

The new orders add to KPIL’s project pipeline and expand its footprint in both existing and new geographies. Execution timelines, delivery performance, and sector-specific developments will determine how these additions impact upcoming quarters.

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.

Bajel Projects Receives Large EPC Order From MPPTCL in Bhopal

Today, on March 25, 2025, Bajel Projects Limited informed the stock exchanges that it has received a large EPC (Engineering, Procurement and Construction) contract from Madhya Pradesh Power Transmission Corporation Limited (MPPTCL). The order is related to the construction of 132kV transmission infrastructure for the Bhopal Metro Rail Project.

As of 12:32 PM on March 25, 2025, Bajel Projects share price is trading at ₹177.59, up 0.82% for the day, 6.09% over the past 5 days, and 29.68% in the last 6 months.

Scope of Work

The contract includes the supply of materials and the full construction of 132kV DCDS (Double Circuit Double String) overhead and underground transmission lines. These will run from the 220kV Bairagarh Substation to RSS Karond, and from the 220kV Adampur Substation to RSS Ratnagiri Tiraha.

The work also involves the installation of 132kV feeder bays, switchyards, and 220kV, 160 MVA power transformers at the respective substations.

Timeline and Classification

The project is expected to be completed within 24 months from the date of the Notification of the Award. It has been classified as a “Large” order by the company, which means the contract value falls in the range of ₹100 crore to ₹200 crore, inclusive of GST, as per Bajel’s internal classification system.

The contract has been awarded by a domestic entity – MPPTCL. It is a domestic EPC order related to power transmission infrastructure.

Disclosure Details

The company confirmed that the order does not involve any related party transactions. None of the promoter, promoter group, or group companies of Bajel Projects has any interest in the entity that awarded the contract.

There has been no analyst view or commentary provided in relation to this development as of now.

Conclusion

This significant EPC win from MPPTCL further strengthens Bajel Projects Limited’s order book and demonstrates its continued traction in the power infrastructure 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.

MSMEs Can Now Access Loans Up to ₹10 Crore with Digital Footprint Model

The Indian government has urged public sector banks (PSBs) to expand their digital footprint-based credit assessment model for micro, small, and medium enterprises (MSMEs). This initiative aims to streamline credit flow and reduce dependency on traditional asset-based evaluations.

Expansion of Digital Credit Model for MSMEs

On March 6, a new credit assessment model was introduced to evaluate MSMEs based on their digital footprints, including GST payment data, cash flow, and electricity bills. Public sector banks have developed in-house capabilities to assess creditworthiness, eliminating the need for external assessments.

The State Bank of India (SBI) is now offering MSME loans up to ₹5 crore through this model, while other PSBs are processing loans between ₹25 lakh and ₹2 crore. An official stated, “We are trying to push a little larger customers also to come into this net. Over the next one or two years, PSBs should be doing loans up to ₹10 crore for MSMEs based on their digital footprint.” The finance ministry will monitor the percentage of loans disbursed through this system and refine it based on customer feedback.

Challenges and Adaptations in Implementation

Challenges remain, especially with partnership accounts, as the account aggregator system currently supports only proprietorship accounts. “So, we are asking RBI to come up with some solution that accounts aggregator enables multiple signatory accounts,” the official said. To address this, banks are allowing MSMEs to upload PDFs for verification, which are checked automatically.

Additionally, Income Tax Return (ITR) verification is not fully automated, but most banks have temporarily waived this requirement. Despite these hurdles, the new model is expected to improve credit access for MSMEs, especially those without formal accounting systems.

Conclusion

The digital footprint-based credit assessment model is set to enhance MSME financing by reducing manual intervention and improving credit accessibility. With an estimated credit gap of ₹15 lakh crore to ₹45 lakh crore, this initiative aims to bridge the financial divide and support business growth.

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. 

SBI Life Insurance Gets ₹352.50 Crore Tax Demand from Income Tax Department

SBI Life Insurance Company Ltd has received an Income Tax Order from the Faceless Assessment Unit for the Assessment Year 2023-24 (FY 2022-23), raising a tax demand of ₹352.50 crore along with ₹78.50 crore in interest. The company has stated that it will contest the demand through an appeal.

Tax Demand and Basis of Dispute

On March 24, 2025, at 12:28 pm, SBI Life received an Income Tax Order from the Faceless Assessment Unit of the Income Tax Department. The demand includes ₹352.50 crore in tax and ₹78.50 crore in interest, with no penalty imposed.

 

The company attributed the demand to an incorrect enhancement of policyholder and shareholder income, arising from the addition of allowable expenses and exemptions. Additionally, it stated that the assessment applied a 30% corporate tax rate instead of the 12.5% special tax rate for life insurance companies under Section 115B of the Income Tax Act, 1961.

Company’s Response and Future Action

SBI Life Insurance has emphasised that the tax order will not have any material adverse impact on its financial operations. The company intends to challenge the demand by filing an appeal before the Appellate Authority within the stipulated time frame.

 

“The aforesaid Income Tax Order will have no adverse material impact on the financial operations of the company and the same shall be contested by the company by way of an appeal before the Appellate Authority in accordance with the applicable provisions under the Income Tax Act, 1961,” SBI Life stated in its stock exchange filing.

SBI Life Insurance Share Performance 

As of March 25, 2025, at 9:35 AM, SBI Life Insurance share price is trading at ₹1,565.70 per share, reflecting a decline of 0.26% from the previous day’s closing price. Over the past month, the stock has registered a profit of 6.38%.

Conclusion

SBI Life Insurance is confident that the tax order is based on incorrect calculations and intends to seek redress through the legal process. Despite the substantial demand, the company has assured stakeholders that its financial stability remains unaffected.

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 to Form High-Level Panel for Reviewing Conflict of Interest and Disclosure Norms

The Securities and Exchange Board of India (SEBI) has announced the formation of a high-level committee to review conflict of interest regulations and disclosure norms related to property, investments, and liabilities of its board members and officials. The committee will present its recommendations within three months for SEBI’s consideration.

Committee Formation and Composition

SEBI Chairperson Tuhin Kanta Pandey revealed that the committee will comprise experts from diverse fields, including regulatory institutions, government roles, the private sector, academia, and constitutional or statutory bodies. While the names of the members are yet to be disclosed, the committee’s primary responsibility is to evaluate the existing framework and suggest improvements to enhance transparency and ethical governance.

Objectives and Expected Impact

The committee’s focus is on strengthening measures to prevent conflicts of interest and improve disclosure standards within SEBI. By reviewing current regulations and proposing enhancements, the initiative aims to reinforce accountability and trust in the regulatory body’s governance. The recommendations will be assessed by SEBI’s board before implementation.

Conclusion

SEBI’s decision to establish this committee underscores its commitment to ethical conduct and governance reforms. By enhancing disclosure norms and conflict of interest regulations, the regulatory body aims to uphold transparency and integrity among its members.

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.

RVNL Share Price in Focus As It Secures Key Railway Electrification Project Worth ₹115.79 crore

Rail Vikas Nigam Limited (RVNL) has been awarded a crucial railway electrification contract after emerging as the lowest bidder (L1). This project, undertaken in collaboration with Central Railway, is part of India’s ongoing infrastructure modernisation efforts.

Project Overview and Scope

RVNL secured the contract for Overhead Equipment (OHE) modification work, upgrading the existing 1×25 KV traction system to 2×25 KV in the Itarsi-Amla section of Central Railway’s Nagpur division. This enhancement aims to support a 3000 MT freight loading target, contributing to improved efficiency and capacity in railway operations. The total cost of work is over ₹115 crores, and the project completion time is 24 months.

Significance of the Contract

Winning this bid reinforces RVNL’s strong position in India’s railway infrastructure sector. The project aligns with the government’s push for railway electrification, ensuring improved operational efficiency and reduced carbon footprint. It also highlights RVNL’s technical expertise and ability to execute large-scale electrification projects.

RVNL Share Performance 

As of March 25, 2025, at 10:05 AM, RVNL share price is trading at ₹376.35 per share, reflecting an upside of 1.29% from the previous closing price. Over the past month, the stock has surged by 3.54%.

Conclusion

RVNL’s selection as the lowest bidder for this critical railway electrification project strengthens its reputation as a key infrastructure player. The successful execution of this project will contribute to India’s growing railway network and freight efficiency.

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.

SEAMEC Wins $5.61 Million ONGC Subcontract for Pipeline and Offshore Work

Seamec Limited has signed a subcontract agreement with Posh India Offshore Private Limited for specific installation works under major ONGC projects. This partnership is a part of the company’s ongoing efforts to expand its business operations.

Agreement Overview  

Seamec Limited has entered into a subcontract agreement with Posh India Offshore Private Limited to carry out riser clamps, bow string and other installation work. These tasks are part of the Pipeline Replacement Project VIII (PRP-VIII Group B) and the Daman Upside Development Project (DUDP) for ONGC. The agreement operates on a unit-rate basis, which means payment will be made based on the quantity of work completed.  

Financial Details  

The estimated total value of the subcontract is approximately $5.61 million, excluding GST. This value is based on the maximum indicated quantity of the scope of work.  

About Seamec Limited

Seamec Limited, part of the MM Agrawal Group, is an established player in offshore oilfield services and bulk carrier chartering. Incorporated in 1986, the company operates multi-support vessels for diving support, subsea operations and EPC infrastructure projects across India and internationally. With a presence in regions like the Middle East, Southeast Asia, West Africa and the Gulf of Mexico, the company owns a diverse fleet including diving support vessels and a bulk carrier.

Share performance 

As of March 25, 2025, at 10:00 AM, with a market capitalisation of ₹26.34 billion, Seamec share price is trading at ₹1,026.90 per share, reflecting a surge of 8.28% from the previous day’s closing price. Over the past month, the stock has registered a profit of 8.87%. The P/E ratio stands at 27.80. The stock’s 52-week high stands at ₹1,669.95 per share, while its low is ₹780.50 per share.

Conclusion

This subcontract strengthens Seamec’s portfolio in offshore installation projects and highlights its commitment to executing large-scale contracts effectively. The collaboration with Posh India Offshore aims to contribute to the successful completion of ONGC’s critical projects.

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.

Interarch Building Solutions Signs MOU with Moldtek Technologies for Global Expansion

Interarch Building Solutions Limited has partnered with Moldtek Technologies Limited (MTTL) to expand its global presence. This collaboration is expected to enhance business opportunities in the international market for Pre-Engineered Metal Building (PEMB) and structural steel projects.

Partnership Details

Interarch has entered into a Memorandum of Understanding (MOU) with Moldtek Technologies Limited. As part of the agreement:

  • MTTL will provide engineering design and detailing services.  
  • Interarch will handle manufacturing, shipping, erection and related services.  
  • MTTL’s Atlanta office will be used for marketing purposes to attract international clients.

Terms of Agreement  

  • The agreement is initially valid for 2 years and extendable upon mutual agreement.  
  • Interarch will give MTTL a 5% commission on export orders that MTTL helps secure. This commission rate can be adjusted for specific projects if both companies agree.  
  • Both parties commit to working exclusively for projects introduced by MTTL, ensuring a dedicated partnership.  
  • Interarch cannot approach clients introduced by MTTL for similar services without prior written consent.

Purpose and Benefits

This partnership aims to combine MTTL’s engineering expertise with Interarch’s manufacturing skills to grow in global markets. The collaboration is expected to generate increased export orders and strengthen both companies’ positions in the international market.

About Interarch Building Solutions Ltd

Interarch Building Products Limited, founded in 1983, is a leading provider of pre-engineered steel construction solutions in India. With a strong manufacturing capacity, a pan-India presence and major clients like Tata, JSW, and Asian Paints, Interarch holds a notable market share. The company focuses on innovation, capacity expansion and long-term growth while maintaining a nearly debt-free status.

Share performance 

As of March 25, 2025, at 11:20 AM, the shares of Interarch Building Solutions Ltd are trading at ₹1,521.55 per share, reflecting a surge of 0.55% from the previous day’s closing price. Over the past month, the stock has registered a loss of 0.32%. 

Conclusion

This strategic collaboration aims to expand both companies’ global reach, strengthen their market presence and generate higher export orders through combined expertise.

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.