India's financial sector is witnessing rapid transformation, with leading banks driving digital innovation and expansion strategies.
The telecom industry is experiencing a major shift, fueled by fresh investments, regulatory updates, and next-gen technology advancements.
Meanwhile, stock market trends reflect growing investor interest in emerging sectors like electric vehicles, fintech, and AI-driven enterprises, shaping the future of India's economy.
IndusInd Bank Shares Drop 3% as RBI Approves CEO's Shortened Term
IndusInd Bank’s shares fell 3% to 908.35 rupees after the Reserve Bank of India (RBI) approved MD & CEO Sumant Kathpalia’s reappointment for only one year instead of the three-year term recommended by the bank.
This decision raised investor concerns over leadership stability and long-term strategy, contributing to the bank’s 40% stock decline in 2024.
Brokerage firms reacted with mixed views, with Jefferies and Emkay Research lowering their price targets while ICICI Securities downgraded its rating.
Analysts emphasize the need for a structured CEO succession plan, with Deputy CEO and CFO Arun Khurana emerging as a strong internal candidate.
The market remains cautious amid regulatory scrutiny and ongoing financial sector volatility.
Poonawalla Fincorp Launches Education Loan Business with Instant Sanction Feature
Poonawalla Fincorp has entered the education loan segment, offering instant sanctions for loans up to ₹75 lakh, a first in the industry.
The company’s new program provides loans up to ₹3 crore with collateral and up to ₹1 crore without collateral, targeting students aspiring to study abroad.
Leveraging advanced technology, the loan application process is seamless, with minimal paperwork and AI-driven assessments for faster approvals.
This initiative aims to enhance access to global education by offering competitive rates and flexible repayment options. Poonawalla Fincorp is set to disrupt traditional education financing in India with its tech-driven approach.
SPML Infra Soars 5% After Securing ₹618 Crore Irrigation Project
SPML Infra's stock surged 5% to ₹175.65 after securing a ₹618 crore irrigation project in Jharkhand. The project aims to enhance irrigation across 12,599 hectares in Hazaribagh, Bokaro, and Giridih districts by improving canal infrastructure, constructing solar-powered pump houses, and implementing an advanced pipe distribution network.
The project is executed on a turnkey basis and includes a 10-year operation and maintenance commitment. Chairman Subhash Sethi emphasized the company's dedication to sustainable water management.
SPML Infra recently reported a 795.5% rise in Q3 FY25 net profit, boosting investor confidence and reinforcing its role in India’s water infrastructure sector.
IndusInd Bank Shares Plummet 10% Amid Concerns Over Derivative Account Discrepancies
IndusInd Bank's shares plunged 10% after the lender disclosed a 2.35% decline in net worth due to non-compliant internal derivative trades under new RBI regulations.
The revelation raised concerns over the bank’s internal controls and governance, with analysts questioning its risk management framework. UBS downgraded its price target to ₹770, citing regulatory lapses, while Jefferies highlighted weak internal oversight.
Despite mixed market sentiment, the stock has fallen 37% since Q2 earnings. The bank faces mounting pressure to address compliance issues, strengthen risk controls, and restore investor confidence to prevent further stock declines and regulatory scrutiny.
Anupam Rasayan Secures ₹922 Cr LoI with Korean MNC for Specialty Chemical Supply
Anupam Rasayan India secured a $106 million (₹922 crore) Letter of Intent (LoI) from a global industry leader, strengthening its presence in high-growth international markets, including South Korea.
The speciality chemical under this agreement has niche applications in aviation and electronics. CEO Gopal Agrawal emphasized the company's strong R&D capabilities and backward integration for a stable supply chain.
In Q3 FY25, the company reported a 108.33% surge in net profit to ₹54.21 crore and a 32.02% revenue increase to ₹390.14 crore. Following the announcement, its stock rose 0.46% on the BSE, reflecting investor confidence in its long-term growth.
Supreme Industries to Acquire Wavin India's Piping Business for $30 Million
Supreme Industries has acquired Wavin India’s piping business to strengthen its position in the building and infrastructure sector.
The deal includes tangible and intangible assets, workforce transfer, and exclusive access to Wavin B.V.’s piping technologies for seven years.
This acquisition will boost Supreme Industries’ production capacity by 73,000 metric tons annually, enhancing its market presence in North and South India. Despite a 27.01% drop in Q3 FY25 net profit to ₹186.97 crore, revenue grew 2.48% to ₹2,509.88 crore.
Following the announcement, its stock rose 0.93%, reflecting investor optimism about the company’s expansion strategy.
Jio Platforms and SpaceX Join Forces to Revolutionize Internet Connectivity in India with Starlink
Jio Platforms Limited (JPL) has partnered with SpaceX to bring Starlink’s satellite broadband services to India, pending regulatory approvals.
This collaboration aims to provide high-speed internet to remote and underserved areas by leveraging Jio’s extensive retail and digital network alongside Starlink’s advanced LEO satellite technology. Jio will also offer dedicated customer support for installation and service.
The partnership aligns with Jio’s goal of expanding digital infrastructure, complementing JioAirFiber, and exploring future collaborations in enterprise connectivity, defence, and smart cities. Once approved, this alliance will mark a major step in India’s digital transformation.
ICICI Bank update on its New York branch
ICICI Bank’s New York Branch has successfully met all compliance requirements, leading to the termination of a Consent Order imposed by the U.S. Office of the Comptroller of the Currency (OCC). The order, issued in October 2022, required the bank to strengthen its Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Sanctions Compliance programs.
Through rigorous corrective measures, the bank enhanced its risk management framework, transaction monitoring, and due diligence processes.
Following OCC validation, the order was lifted on March 8, 2025, reaffirming ICICI Bank’s commitment to regulatory compliance and financial integrity in the U.S. market.
KPI Green Energy Appoints Surinder Kumar Negi as COO, Effective March 12, 2025
KPI Green Energy has appointed Surinder Kumar Negi as its Chief Operating Officer (COO), effective March 12, 2025. Negi, a power sector veteran with over 40 years of experience, will focus on expanding renewable energy projects and strengthening transmission infrastructure. Previously, he served as Managing Director of Gujarat Energy Transmission Corporation (GETCO) and held key roles at NTPC, POWERGRID, and Reliance Energy.
KPI Green Energy reported a 67% YoY surge in Q3 FY25 net profit to ₹84.50 crore, with revenue rising 38.8% to ₹458.36 crore. Its stock declined slightly by 0.10% to ₹382.20 on the BSE.
Tata Motors Rallies 3.3% on Nifty 50 as JLR Maintains Guidance and EV Strategy Gains Traction
Tata Motors' stock surged 3.3% to ₹669.20, leading the Nifty 50 gainers, driven by renewed investor confidence following Jaguar Land Rover’s (JLR) reaffirmation of its financial targets. JLR maintained its Q4 EBIT margin target of 10%, boosting sentiment.
Brokerages remain divided, with Nomura and Emkay Global giving "buy" ratings, while Motilal Oswal stays "neutral." Tata Motors plans to re-launch the ‘Curvv’ SUV during IPL and expand its EV portfolio. Despite recent gains, the stock remains down 37% over the past year due to competition and slowing sales. Investors await the execution of its EV strategy.
Adani Green Energy Commissions 250 MW Solar Project in Andhra Pradesh
Adani Green Energy (AGEL) has commissioned a 250 MW solar power project in Kadapa, Andhra Pradesh, boosting its total renewable energy capacity to 12,591.1 MW.
This strengthens AGEL’s leadership in India’s green energy sector as it targets 50 GW by 2030. The expansion aligns with strong Q3 FY25 financials, with net profit surging 92.2% to Rs 492 crore and sales rising 3.1% to Rs 2,286 crore.
Following the news, AGEL’s stock inched up 0.37% to Rs 828.10 on the BSE, reflecting investor confidence in its clean energy growth strategy.
VA Tech Wabag Gains 2% After Securing ₹360 Crore Orders from GAIL & IOCL
VA Tech Wabag has secured a design, build, and operate (DBO) contract for GAIL’s petrochemical complex in Pata, Uttar Pradesh.
The project includes an effluent recycle plant, a zero liquid discharge (ZLD) system, and wastewater treatment facilities, with EPC completion set for 24 months, followed by six months of O&M. Additionally, the company won a Rs 20 crore contract extension from IOCL for the TTRO plant at Panipat Refinery, extending O&M services for three more years.
VA Tech Wabag’s Q3 FY25 net profit rose 11.61% to Rs 70.20 crore, with sales increasing 15.13% to Rs 811 crore.
L&T’s WET Business Wins Large Desalination Plant Order in Saudi Arabia
Larsen & Toubro’s (L&T) Water & Effluent Treatment (WET) Business, in partnership with Spain’s Lantana, has secured a major contract from ACWA Power to build the Ras Mohaisen Desalination Plant in Saudi Arabia.
Valued between ₹2,500 crore and ₹5,000 crore, the project will have a capacity of 300,000 m³/day, providing drinking water for nearly one million people in the Makkah and Al-Baha regions.
The plant will feature seawater reverse osmosis (SWRO) technology, a 600,000 m³ storage facility, and an integrated solar PV system to enhance energy efficiency. This marks L&T’s second desalination project in Saudi Arabia, reinforcing its presence in the Middle East’s water infrastructure sector.
RPP Infra Secures Rs 22.56 Crore Order for NDT Facility at SSLV Launch Complex
RPP Infra Projects has secured a ₹22.56 crore contract to build a Non-Destructive Testing (NDT) facility at the SSLV Launch Complex in Tamil Nadu.
The project, to be completed in 18 months, includes civil, electrical, mechanical, and air conditioning works to support India’s space infrastructure.
The company reported a 17.1% rise in net profit to ₹18.87 crore in Q3 FY25, with a 9% revenue increase to ₹355.10 crore. Following the announcement, RPP Infra’s shares rose 0.78% to ₹135.65. This contract strengthens its position as a key infrastructure developer in India.
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