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UGRO Capital Acquires Profectus Capital in Ambitious ₹1,400 Crore Deal
business update - June 18, 2025

UGRO Capital Acquires Profectus Capital in Ambitious ₹1,400 Crore Deal

UGRO Capital Acquires Profectus Capital in Ambitious ₹1,400 Crore Deal

Strategic acquisition aims to turbocharge MSME lending, expand reach, and boost profitability for UGRO Capital

Introduction: A Landmark Deal in Indian Lending
The Indian non-banking finance company (NBFC) landscape is witnessing a transformative moment as UGRO Capital, a data-tech-driven lender focused on MSMEs, moves to acquire Profectus Capital for ₹1,400 crore in cash. This acquisition is not just a scale-up; it’s a strategic leap that will reshape UGRO’s business profile, enhance its risk metrics, and accelerate its ambition to capture a larger share of the MSME lending market.

The Acquisition: Key Details and Rationale
• Deal Structure:
The all-cash transaction will see UGRO Capital purchase 100% of Profectus Capital’s shares from its current owners, including global private equity firm Actis. The consideration will be paid in a single tranche at closing, funded through a mix of UGRO’s recent equity raise and internal accruals.
• Scale and Reach:
Profectus brings a fully secured loan book of ₹3,468 crore, a 28-branch network across seven states, and a workforce of over 800 employees. The acquisition will increase UGRO’s consolidated assets under management (AUM) by 29% to ₹15,471 crore, while expanding its branch footprint to 263 locations.
• Financial Impact:
The deal is expected to add approximately ₹150 crore to UGRO’s annualized profits and deliver operational cost savings of ₹115 crore post-merger. The company anticipates an improvement in return on assets (ROA) by 0.6–0.7 percentage points, with projections to reach 3.5% in FY26 and 4.5% in FY27.

Why Profectus? Strategic Fit and Synergies
• Robust Portfolio:
Profectus has maintained steady growth, reporting a gross NPA of just 1.6% and a net NPA of 1.1% as of March 2025. Its focus on fully secured lending complements UGRO’s risk appetite and strengthens the overall loan book quality.
• Diverse Lender Network:
The acquisition gives UGRO access to Profectus’ relationships with private sector banks and development finance institutions, broadening its liability profile and funding options.
• Operational Efficiency:
With zero origination costs for the acquired portfolio and significant cost synergies, UGRO expects to unlock substantial value from the integration.
• Market Expansion:
The deal positions UGRO to accelerate growth in high-yield segments such as supply chain finance, machinery loans, and embedded finance. It also marks UGRO’s entry into school financing, a new vertical for the company.

Integration and Next Steps
Both companies will maintain independent operations and strategies during the integration phase, which is expected to last two to three months pending regulatory and shareholder approvals. UGRO plans a seamless transition to maximize synergies while preserving the strengths of both organizations.
UGRO’s founder and managing director, Shachindra Nath, emphasized that the acquisition leverages the company’s recent equity raise to achieve instant scale and operational efficiency. Profectus CEO K.V. Srinivasan highlighted the complementary nature of the businesses and the potential for greater profitability and efficiency.

Market Reaction and Industry Impact
The announcement has been well received by the market, with UGRO Capital’s shares rising sharply following the news. Analysts view the acquisition as a value-accretive move that positions UGRO as a major force in MSME lending, with improved profitability and a stronger risk profile.
This deal also signals a broader trend of consolidation and strategic expansion in the NBFC sector, as lenders seek scale, diversification, and operational efficiencies to navigate a competitive and evolving market landscape.

Conclusion: A New Chapter for UGRO Capital
UGRO Capital’s acquisition of Profectus Capital marks a watershed moment in its growth journey. By combining Profectus’ robust secured lending portfolio and branch network with UGRO’s data-driven approach and capital strength, the merged entity is poised to set new benchmarks in MSME lending. The deal not only enhances UGRO’s scale and profitability but also strengthens its foundation for sustainable, long-term growth in India’s dynamic financial sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Polycab Secures ₹6,448 Crore BharatNet Project!

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China’s Renewed Spark: How Rising Demand Is Reviving Natural Diamond Exports
Economy - June 18, 2025

China’s Renewed Spark: How Rising Demand Is Reviving Natural Diamond Exports

China’s Renewed Spark: How Rising Demand Is Reviving Natural Diamond Exports

After years of decline, new retail strategies and shifting consumer sentiment in China are fueling hopes for a rebound in the global diamond trade.

Introduction: From Gloom to Glimmer
The global diamond industry has weathered a challenging period, marked by pandemic disruptions, shifting consumer preferences, and economic headwinds. Nowhere has this been felt more acutely than in India, the world’s leading exporter of cut and polished diamonds, where exports to China have halved over the past three years. Nevertheless, 2025 appears to be emerging as a pivotal year. A confluence of new retail tactics and changing consumer sentiment in China is breathing new life into the diamond trade, suggesting a long-awaited revival may be underway.

The Downturn: What Went Wrong?
Between 2021 and 2024, India’s diamond exports to China saw a sharp decline, dropping from more than $6.5 billion to merely $3.3 billion. Several factors contributed to this decline:
• Changing Preferences: Chinese consumers increasingly favored gold over diamonds, drawn by gold’s perceived value and security during uncertain times.
• Economic Slowdown: The Chinese economy’s post-pandemic recovery was slower than anticipated, dampening discretionary spending on luxury goods.
• Health Concerns: The emergence of new viruses, such as HMPV, added fresh uncertainty, further curbing consumer confidence and retail activity.
This combination led to a surplus of unsold inventory, falling prices, and a cautious outlook among exporters and traders.

Signs of Recovery: What’s Changing in 2025?
1. Innovative Retail Strategies
The most significant catalyst for renewed demand is the introduction of diamond buyback schemes by major Chinese jewelry retailers, including Chow Tai Fook and Chow Sang Sang. These programs allow customers to return their diamond purchases for a guaranteed value, reducing perceived risk and making diamonds a more attractive investment. The response has been swift: retailers report a surge in inquiries and foot traffic, especially among younger buyers.
2. Shift in Consumer Sentiment
After years of prioritizing gold, Chinese shoppers are showing renewed curiosity about diamonds—particularly smaller stones and accent pieces set in gold jewelry. This trend was evident at recent Hong Kong trade shows, where demand for smaller diamonds stabilized and even began to rise. Industry analysts point out that diamonds are once again capturing attention as symbols of prestige and romance, particularly among urban millennials and Gen Z buyers.
3. Stabilizing Prices and Inventory
The glut of unsold diamonds that plagued the market in recent years is easing. Prices have begun to stabilize, and inventory levels are returning to healthier norms. This has boosted confidence among traders and exporters, who are cautiously optimistic about sustained recovery.

India’s Diamond Industry: Ready for a Comeback
India, which polishes and exports more than 90% of the world’s diamonds, stands to benefit the most from China’s reawakening demand. The Gem and Jewellery Export Promotion Council (GJEPC) reports that while exports remain below their pre-pandemic highs, the pace of decline has slowed, and inquiries from Chinese buyers are on the rise.
Industry leaders expect the real impact to be felt from September 2025 onward, as the buyback schemes gain traction and consumer sentiment continues to improve. The upcoming wedding and festival seasons in China are also expected to drive a fresh wave of purchases.

Challenges Remain: Proceeding With Caution
While the outlook is brighter, several challenges could temper the pace of recovery:
• Global Competition: Other diamond-producing countries are also targeting the Chinese market, intensifying competition.
• Economic Uncertainty: Lingering concerns about China’s economic growth and potential new health crises could still affect consumer confidence.
• Changing Tastes: The long-term trend toward smaller stones and diamond accents may limit the recovery in high-value, large-stone exports.
Nonetheless, the consensus is that the worst is over, and a gradual, sustainable rebound is underway.

The Global Picture: Ripple Effects Beyond China
China’s renewed interest in diamonds is already having ripple effects across the global supply chain. Exporters in Belgium, Israel, and Africa are watching the Chinese market closely, hoping for a broader lift in demand. Meanwhile, the stabilization in prices is encouraging miners and traders worldwide to ramp up production and marketing efforts.

Conclusion: A New Chapter for Diamonds
After a prolonged downturn, the diamond industry is finally seeing reasons for optimism. China’s evolving retail landscape, innovative buyback schemes, and a shift in consumer sentiment are laying the groundwork for a revival in natural diamond exports. While challenges remain, the industry’s resilience and adaptability are on full display. As the world’s second-largest diamond market reignites its passion for these precious stones, exporters—especially in India—are preparing for a brighter, more sparkling future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Axiscades Soars with Indra Sistemas Partnership!

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Economy - June 17, 2025

UK-US Trade Deal Progress: Steel Tariffs Unresolved

UK-US Trade Deal Progress: Steel Tariffs Unresolved

New UK Prime Minister Keir Starmer indicates progress in UK-US trade negotiations regarding important industries, but the issue of steel tariffs is still unresolved.

Summary:
The UK and the United States have reportedly reached an agreement on a long-anticipated trade deal, with UK Prime Minister Sir Keir Starmer indicating that significant aspects related to the automotive and aerospace sectors are complete. However, tariff issues—particularly concerning steel—are still under negotiation. The development signals renewed economic cooperation between the two allies, though lingering trade barriers continue to pose challenges.

In a significant development for post-Brexit trade relations, UK Prime Minister Sir Keir Starmer confirmed that a UK-US trade agreement is “done”, albeit with key details—most notably, tariffs on UK steel exports to the US—still being ironed out. Starmer’s announcement has raised optimism for a new chapter in transatlantic commerce, even as it highlights the complexities that remain in sensitive industrial areas.
The announcement came during Starmer’s first overseas trip as Prime Minister, where he met with US President Joe Biden and other global leaders at the NATO summit in Washington D.C. While the overarching framework of the trade agreement appears to be settled, Starmer acknowledged that “some technical elements, particularly around steel tariffs,” require further negotiation.

Breakthrough in Autos and Aerospace
Speaking to reporters, Starmer hinted that automotive and aerospace-related trade matters, which had been under prolonged discussion since the Trump administration, have been finalized. These sectors are critical for the UK’s industrial economy, particularly given their export orientation and role in sustaining thousands of skilled jobs across the Midlands and the North of England.
In particular, the agreement is expected to ensure tariff-free access for UK car manufacturers and aerospace component suppliers while also paving the way for enhanced regulatory cooperation on safety standards, emissions, and certifications. This is a vital win for UK-based companies such as Jaguar Land Rover, Rolls-Royce, and BAE Systems, which rely heavily on exports to North America.
“Securing agreement on these sectors has been a major priority,” said a senior UK government trade official, “especially as the UK shifts focus towards high-tech, low-carbon manufacturing. This will help British industries compete on a more level playing field.”

Steel Tariffs Still a Sticking Point
Despite the progress, tariffs on UK steel and aluminium exports to the US, imposed initially under former President Donald Trump in 2018 under Section 232, remain unresolved. While the EU successfully negotiated the removal of similar tariffs in 2021 under the Biden administration, the UK—operating independently post-Brexit—has faced a more complex path.
Currently, UK steel exports to the US are subject to 25% tariffs, making them less competitive and putting pressure on a sector already dealing with high energy costs and global overcapacity. British Steel and Tata Steel, two major producers in the UK, have consistently advocated for tariff relief, cautioning that ongoing trade restrictions might jeopardize both investments and employment.
“We welcome progress in other areas, but the steel issue is absolutely critical,” said Gareth Stace, Director General of UK Steel. “Without lifting these tariffs, we remain at a disadvantage in a key export market.”
Analysts suggest that while the broad contours of the UK-US trade pact are settled, the Biden administration is treading carefully on steel due to domestic political sensitivities, particularly in Rust Belt states like Pennsylvania and Ohio ahead of the US elections.

Political and Economic Implications
For Prime Minister Starmer, who took office with a focus on economic stability and international collaboration, concluding the UK-US trade agreement marks a notable diplomatic success. It offers early validation of his “Britain Reconnected” foreign policy, aimed at mending international ties and restoring trust among allies strained during the post-Brexit and Johnson years.
The deal also signals a strategic recalibration of UK trade policy, moving away from bombastic free trade rhetoric toward more targeted, sectoral agreements with major economies.
For the United States, the agreement reinforces its trade relationship with a key NATO ally amid growing global instability and competition from China. Although not a full-fledged Free Trade Agreement (FTA), the deal could serve as a framework for future cooperation, including in green technology, defence, and digital services.

Industry Reaction: Cautious Optimism
Industry bodies on both sides of the Atlantic responded to the announcement with measured enthusiasm. The Confederation of British Industry (CBI) welcomed the finalization of key sector agreements, calling it “a step in the right direction.” However, it also urged the government to press for early resolution of unresolved tariff issues.
Meanwhile, US Chamber of Commerce representatives indicated that American firms are eager to tap into Britain’s evolving green economy and digital innovation landscape, especially given regulatory clarity under the new UK administration.
“Both sides benefit when trade is open, fair, and rules-based,” said a Chamber spokesperson. “The UK remains a top investment destination for U.S. firms, and this agreement provides renewed momentum.”

Next Steps: Ratification and Implementation
While the deal has been declared “done,” its formal ratification process remains underway. UK officials will soon present the final documents to Parliament, and public consultations are expected. On the US side, any significant changes involving tariffs or regulatory standards may require Congressional review, depending on the deal’s structure.
Additionally, ongoing discussions on climate cooperation, digital trade, and AI standards are expected to be added to the UK-US trade agenda later this year.

Conclusion
The UK and the United States have reached a landmark point in trade negotiations, with key progress in the automotive and aerospace sectors. However, tariffs on UK steel and aluminium exports remain unresolved, indicating that while the trade deal is “done” in spirit, its full benefits are yet to materialize. Still, the announcement marks a turning point in post-Brexit UK foreign trade policy and offers renewed hope for a broader, more inclusive economic partnership between the two allies.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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India Eyes Landmark Oil Discovery in Andaman Sea, Signals Energy Breakthrough

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Port of Los Angeles Records Significant Drop in Imports Due to U.S. Tariff Impact
Economy - June 16, 2025

Port of Los Angeles Records Significant Drop in Imports Due to U.S. Tariff Impact

Port of Los Angeles Records Significant Drop in Imports Due to U.S. Tariff Impact

The Port of Los Angeles, a vital entryway for international goods entering the United States, has experienced a significant drop in imports this May. The port reported a 19% fall in cargo inflows, indicating the growing impact of U.S. tariff regulations and shifting global trade dynamics.

Tariff Increases Trigger Import Reduction

The major reason behind this steep decline is the series of tariff hikes implemented on a wide variety of Chinese imports. Earlier this year, U.S. authorities raised tariffs on several Chinese products, with some duties spiking to as much as 145%. Although a temporary agreement later reduced some tariffs to 30%, the cost burden remains too high for many importers.

In response, many U.S. companies have either postponed or scaled back their orders from China or have begun sourcing products from other countries. This adjustment in sourcing strategies has been a key factor in the reduced import volumes at the Port of Los Angeles.

Import Decline Spreads to Other Major Ports

The decline in shipments extends beyond Los Angeles. Several significant U.S. ports have reported similar downward trends:

Port of Long Beach: Reported a decline in import volumes of more than 20%.

Seattle and Tacoma Ports: Experienced even larger import declines.

East and Gulf Coast Ports: Major ports such as New York, New Jersey, Norfolk, Mobile, and Houston also experienced significant drops in incoming shipments.

These consistent drops across different ports signal a nationwide shift driven by U.S.Trade restrictions and evolving global market trends.

Reduced Availability of Key Consumer Products

The falling import volumes are now affecting the availability of everyday products in the U.S. Markets are seeing lower arrivals of essential goods such as electronics, furniture, toys, automobile components, and home appliances—most of which have traditionally been imported from China.

Retailers across the country are starting to face supply shortages, which could worsen during high-demand periods like the back-to-school season, year-end sales, and the holiday shopping period. Some companies may also need to raise prices as they look for alternative sourcing options, increasing costs for consumers.

Port Activity Slowdown Impacts Local Employment

The lower import levels have led to a slowdown in port operations at Los Angeles. The daily number of vessel arrivals has significantly dropped, declining from approximately twelve ships a day to just five.

This reduced activity is creating challenges for local workers and businesses connected to port operations. Dockworkers, truck drivers, warehouse operators, and logistic service providers are facing decreased working hours and fewer job opportunities. The downturn is having a direct negative effect on the Los Angeles port community and the surrounding economy.

Temporary Tariff Cuts Offer Limited Relief

Although there was a short-term agreement between the U.S. and China to lower tariffs for a 90-day period, the impact of this decision has been limited. Even after the adjustment, many goods still carry a 30% duty, discouraging large-scale imports.

Uncertainty about future trade policies continues to be a major issue for businesses. Companies remain cautious about placing new orders, unsure whether tariffs will stay the same, increase, or eventually be lifted.

Companies Shift Global Sourcing to New Markets

Given the persistent risk of tariffs, many American firms are now focusing on diversifying their supply chains. Countries such as Vietnam, India, and Mexico are emerging as preferred sourcing destinations, offering more affordable and stable options compared to China.

However, this transition is complex and takes time. Small and medium-sized businesses, in particular, may find it challenging to establish new supplier relationships, arrange logistics, and manage the additional costs associated with longer shipping routes and unfamiliar production bases.

As companies work through these adjustments, consumers may also face higher prices, at least in the near future, as supply chains continue to evolve.

Outlook Remains Uncertain for the Coming Months

Industry experts believe there could be a modest recovery in import levels over the next few months if the temporary tariff reductions remain in place. However, if tariffs increase again or remain high, cargo volumes at major U.S. ports like Los Angeles may stay low for the rest of the year.

Ports across the country are preparing for potentially extended periods of reduced shipping activity unless a long-term resolution to U.S.-China trade tensions is reached.

Conclusion

The 19% drop in imports at the Port of Los Angeles clearly demonstrates how U.S.Trade policies are reshaping international business and disrupting supply chain networks. The impact is being felt across multiple ports, industries, and consumer markets, directly affecting port workers, businesses, and shoppers nationwide.

Although a short-term tariff easing has provided limited relief, the uncertainty over future trade policies continues to cloud the outlook. Until greater clarity is achieved, many companies are likely to proceed cautiously, and global supply chains may continue to shift in response to ongoing trade challenges.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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India’s Defence Sector Transforms: 11 Years of Strategic Growth and Self-Reliance

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Business - June 16, 2025

Dharan Infra-EPC’s Green Leap: New Subsidiary to Power Solar Ambitions

Dharan Infra-EPC’s Green Leap: New Subsidiary to Power Solar Ambitions

From penny stock to renewable pioneer, the company’s creation of Dharan Infra Solar Private Ltd signals a bold shift toward India’s clean energy future.

Introduction
Corporate interest in India’s renewable energy sector continues to rise, with Dharan Infra-EPC Limited becoming the newest entrant in the space.
Once known primarily for its real estate and construction projects under the name KBC Global Ltd, the company is now charting a new course. By establishing Dharan Infra Solar Private Ltd, it aims to become a key player in the solar and hybrid power ecosystem—a sector critical to India’s clean energy transition and global climate commitments.

Strategic Rebranding and Vision
The evolution from KBC Global Ltd to Dharan Infra-EPC Limited marks a strategic shift that goes well beyond just rebranding.
It reflects a deliberate shift from traditional real estate to a broader focus on infrastructure and engineering, procurement, and construction (EPC) services, with sustainability at its core. The board’s approval of this move, alongside a recent 1:1 bonus share issue, signals management’s intent to reward shareholders and align the company’s identity with its evolving business model.

Dharan Infra Solar: Scope and Ambitions
Comprehensive Renewable Solutions
Dharan Infra Solar Private Ltd is designed to be a one-stop shop for solar and hybrid energy projects. Its made up of the full value chain:
• Designing, manufacturing, and upgrading solar modules and cells
• Trading, importing, and exporting solar hardware
• Assembling, fabricating, and maintaining solar-plus-hybrid systems
• Offering comprehensive solutions spanning from project planning to complete execution
By integrating these capabilities, the subsidiary aims to deliver seamless, end-to-end services for clients seeking to adopt solar power or hybrid renewable systems.
Aligning with National Priorities
This strategic expansion comes at a time when India is fast-tracking its shift toward solar and wind energy, creating massive new opportunities for EPC companies with green ambitions. Dharan Infra Solar’s market entry comes at an opportune moment, aligned with government incentives, growing corporate sustainability commitments, and the pressing demand for decentralized clean energy solutions.

Financial and Market Context
Stock Performance and Order Book
Despite being classified as a penny stock, trading below Re 1, Dharan Infra-EPC Limited has shown resilience and adaptability. The company’s order book stands at ₹260 crore, reflecting ongoing demand for its infrastructure and EPC services. The announcement of the new subsidiary and the company’s foray into renewables have already sparked positive market reactions, with recent share price surges noted in response to the news.
Bonus Issue and Shareholder Value
In February 2024, the company declared a 1:1 bonus share issue, further underlining its commitment to shareholder value. The reserves being capitalized for this bonus issue total approximately ₹261.4 crore, providing a solid foundation for future expansion.

Industry Implications and Competitive Edge
Positioning in a Crowded Market
India’s renewable energy sector is intensely competitive, with both seasoned players and emerging contenders striving to capture market share.
Dharan Infra Solar’s strategy to offer integrated, turnkey solutions—spanning design, manufacturing, installation, and maintenance—sets it apart from firms focusing on just one segment of the value chain.
Sustainability and Diversification
Management has emphasized that the move into renewables is both a business imperative and an environmental responsibility. By diversifying into green energy, Dharan Infra-EPC not only reduces its carbon footprint but also opens up new, sustainable revenue streams that can buffer against cyclical downturns in traditional construction and real estate.

Challenges and Future Outlook
While the company’s ambitions are clear, execution will be key. The renewable energy sector demands technological expertise, robust supply chains, and the ability to navigate regulatory complexities. However, with an experienced management team, a growing order book, and a clear strategic roadmap, Dharan Infra-EPC is well-positioned to make a meaningful impact.

Conclusion
The launch of Dharan Infra Solar Private Ltd by Dharan Infra-EPC Limited represents a pivotal step in its transformation from a conventional infrastructure firm into a progressive force in India’s renewable energy landscape.
As the nation accelerates its clean energy transition, the company’s integrated approach and strategic timing could see it emerge as a notable force in solar and hybrid power solutions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ITC Completes Acquisition of 24 Mantra Organic: A Major Leap into India’s Organic Food Market

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Business - June 16, 2025

ITC Completes Acquisition of 24 Mantra Organic: A Major Leap into India’s Organic Food Market

ITC Completes Acquisition of 24 Mantra Organic: A Major Leap into India’s Organic Food Market

With the purchase of Sresta Natural Bioproducts, ITC expands its portfolio, strengthens its farm-to-table supply chain, and sets sights on global organic food leadership.

Introduction
India’s organic food industry has seen rapid expansion, fueled by rising health consciousness, evolving consumer tastes, and a global move toward sustainable farming practices.
In a move that underscores the sector’s potential, ITC Limited has finalized the acquisition of Sresta Natural Bioproducts Private Limited (SNBPL), the company behind the widely recognized 24 Mantra Organic brand. The transaction, completed on June 13, 2025, is set to reshape the competitive landscape of organic foods in India.

Deal Structure and Financial Details
The acquisition was carried out as an all-cash transaction, free of both debt and existing cash balances.
ITC acquired a full 100% stake in Sresta Natural by paying an upfront amount of ₹400 crore, with an additional ₹72.5 crore linked to the achievement of specific performance targets over the next 24 months. This takes the total potential deal value to ₹472.5 Cr.
As part of the acquisition, Sresta Natural’s overseas subsidiaries in the United States and the United Arab Emirates have also become step-down wholly owned subsidiaries of ITC, expanding the conglomerate’s international footprint in the organic sector.

Why Sresta Natural and 24 Mantra Organic?
A Pioneer in Organic Foods
Established in Hyderabad, Sresta Natural Bioproducts has been a pioneer in the organic packaged food industry.
Its flagship brand, 24 Mantra Organic, is a household name across India and enjoys a growing presence in international markets. The company’s portfolio spans over 100 organic products, including staples, spices, condiments, edible oils, and beverages.
Robust Farmer Network
One of Sresta’s key strengths is its direct sourcing model, working closely with approximately 27,500 farmers across 10 Indian states. This extensive network ensures traceability, quality, and a reliable supply of organic raw materials—an asset that ITC can now leverage to build a resilient farm-to-table supply chain.

Strategic Rationale for ITC
Expanding the Foods Portfolio
ITC has been consistently growing its packaged foods portfolio, and the inclusion of 24 Mantra Organic meaningfully enhances its product range.
The organic segment is one of the fastest-growing categories in India’s food industry, and this acquisition instantly gives ITC a leadership position.
Strengthening Sustainability and Brand Equity
The move aligns with ITC’s commitment to sustainability, responsible sourcing, and health-focused products. By integrating 24 Mantra Organic’s established brand and ethical sourcing practices, ITC enhances its credentials among health-conscious and environmentally aware consumers.
International Growth Ambitions
With Sresta’s established presence in the US and UAE, ITC now has a ready platform to accelerate its global ambitions in the organic foods space. The acquisition opens doors to new markets and export opportunities, leveraging the growing global demand for Indian organic products.

Market Impact and Industry Response
Following the acquisition, ITC’s shares have seen renewed investor interest, with analysts highlighting the strategic fit and long-term growth prospects. The deal is expected to intensify competition in the organic foods segment, prompting other FMCG majors to ramp up their own organic offerings.
Industry observers note that ITC’s robust distribution network, marketing muscle, and deep pockets could help scale the 24 Mantra Organic brand to new heights, both in India and internationally.

The Road Ahead: Integration and Growth
ITC has announced that Sresta Natural and its subsidiaries will operate as wholly owned subsidiaries, ensuring business continuity while benefiting from ITC’s resources and expertise. The integration process will focus on expanding product reach, enhancing supply chain efficiencies, and driving innovation in the organic foods category.
With the organic food market projected to grow at double-digit rates in the coming years, ITC’s timely acquisition positions it at the forefront of a sector poised for explosive growth.

Conclusion
ITC’s takeover of Sresta Natural Bioproducts and the 24 Mantra Organic brand represents a pivotal development for the company as well as a significant milestone for India’s organic food sector. By combining Sresta’s pioneering legacy and farmer network with ITC’s scale and vision, the deal promises to deliver value to consumers, farmers, and shareholders alike. As health and sustainability become central to food choices, ITC is now well-placed to lead India’s organic revolution at home and abroad.

 

Meta Description
ITC Limited, one of India’s largest diversified conglomerates, has officially completed its acquisition of Sresta Natural Bioproducts, the owner of the renowned 24 Mantra Organic brand. This all-cash deal, valued at up to ₹472.5 crore, marks a significant milestone in ITC’s strategy to capture the rapidly growing organic food market in India and abroad. The acquisition brings with it a vast product portfolio, a strong farmer network, and international reach, positioning ITC as a formidable player in the organic foods segment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Bajaj Finance Stock Split and Bonus Shares: Turning 10 Shares into 100

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Chinese Tech Giants Export India-Made Electronics to Global Markets
Economy - June 16, 2025

Chinese Tech Giants Export India-Made Electronics to Global Markets

Chinese Tech Giants Export India-Made Electronics to Global Markets

Major Milestone for India’s Tech Exports

In a pivotal turn for India’s electronics manufacturing landscape, several Chinese technology firms have begun *shipping smartphones and electronic devices produced in India* to international markets, including *the United States, West Asia, and Africa. This move signals a significant departure from their earlier export dependency on facilities in China and Vietnam, and is being hailed as a breakthrough for India’s “Make in India” mission.

Manufacturing Pivot: From China to India

This production shift is driven by a growing trend among global firms to *diversify manufacturing locations* in light of rising geopolitical tensions and supply chain vulnerabilities. Often referred to as the *”China Plus One” strategy, this approach encourages businesses to **limit overdependence on Chinese manufacturing* by setting up alternative bases.

The Indian government has actively pushed to develop the country as a global production hub, with schemes like the *Production-Linked Incentive (PLI)* program designed to make Indian manufacturing globally competitive.

Strengthening Global Supply Chains

The relocation of production facilities to India is not only beneficial for the companies involved but also contributes to *strengthening global supply chains. It adds a layer of **resilience and flexibility* by decentralizing production and reducing the bottlenecks that come with regional disruptions. With India now producing devices for export under some of the world’s most recognized tech brands, the country is becoming an *integral part of global electronics logistics*.

A New Phase for India’s Export Economy

The ongoing expansion of *India-based manufacturing for export purposes* has implications beyond just trade. It shows the country’s capability to *match international quality standards, scale rapidly, and meet the logistics demands of distant markets like the U.S. and West Asia. With Chinese companies now relying on Indian factories to fulfill export orders, it also flips the traditional dynamic, presenting India not just as a consumer, but as a credible supplier to global markets.

Road Ahead: Opportunities & Requirements

The momentum is encouraging, but sustaining this growth will demand consistent effort. The Indian government and private sector must continue to *invest in infrastructure, digital readiness, workforce training, and logistics efficiency. With continued focus, India can evolve from a regional production base to a global electronics export powerhouse.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100

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Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100
business update - June 16, 2025

Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100

Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100

Budget-Friendly Cable Stock Secures Major Supply Order in Gujarat

Diamond Power Infrastructure Ltd (DPIL), has bagged a major purchase order worth approximately ₹175.17 crore. The contract, awarded by Associated Power Structures Ltd, involves delivering AL-59 conductors and OPGW cables* for high-voltage transmission lines across Gujarat. These supplies will follow the exact technical requirements set by *Gujarat Energy Transmission Corporation Ltd (GETCO).

This kilometer-rate based order uses a price variation clause and spans a supply length of 3,569 kilometers of conductor and cable. The delivery and execution are scheduled across various timelines between May and November 2025. Key components of the order include:

400 kV D/C Chorania to Kosamba line*: 347 km of supply, worth ₹17.19 crore
400 kV D/C Veloda to Prantij route*: 39.5 km, amounting to ₹23.63 crore
400 kV D/C Saykha to Jhanor line*: 34 km in length, valued at ₹20.20 crore
220 kV D/C Maglana to Pachham connection*: 80 km, worth ₹23.16 crore

These upcoming installations are expected to reinforce the state’s transmission infrastructure and cater to Gujarat’s expanding energy needs.

Financial Growth & Market Buzz

During the *third quarter of FY25, DPIL posted a consolidated net profit of ₹6.27 crore, a strong rebound from a net loss of ₹3.79 crore in the same period the year before. Revenue from operations also jumped significantly, recording a 412.7% rise year-over-year*, reaching ₹307.42 crore. This impressive growth reflects DPIL’s improving financial standing and successful project execution.

News of the ₹175 crore order has positively impacted market sentiment. The stock, which currently trades *below ₹100*, saw gains following the announcement, attracting interest from small-cap and value-seeking investors who are tracking the infrastructure sector closely.

Final Thoughts

The company’s rising revenue, return to profitability, and healthy order pipeline make it a noteworthy pick among low-priced infrastructure stocks. For investors seeking affordable exposure to India’s growing energy and grid expansion story, DPIL offers a compelling case.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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SBI Lowers Interest on Savings and Term Deposits

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SBI Lowers Interest on Savings and Term Deposits
Banking - June 16, 2025

SBI Lowers Interest on Savings and Term Deposits

SBI Lowers Interest on Savings and Term Deposits

New Rates Take Effect June 15, Including Scheme Updates

India’s largest public sector lender, the *State Bank of India (SBI), has officially revised its interest rates on both **savings accounts and fixed deposits, with the changes coming into force from June 15, 2025. This move comes shortly after the Reserve Bank of India’s repo rate cut, prompting banks to adjust their deposit and lending rates accordingly.

Savings Interest Rate Hits New Low

SBI has brought down the interest rate on its savings bank account to 2.5%, now marking the lowest rate the bank has ever offered. This cut will affect both **existing account holders and new customers, and reflects the ongoing trend of softening deposit returns* following the central bank’s monetary policy easing earlier in the month.

Fixed Deposit Rates Slashed Across Tenures

In tandem with the reduction in savings rates, SBI has also trimmed its *fixed deposit (FD) rates by 25 basis points* for deposits up to ₹3 crore. This adjustment applies across *all maturity periods, impacting both fresh deposits and those being renewed. The bank is aligning its interest payout structure with the broader **liquidity environment and funding cost management* objectives.

Amrit Vrishti Scheme Now at 6.85%

SBI has also introduced changes to the Amrit Vrishti special fixed deposit scheme, adjusting the offered return to 6.85%, effective June 15, 2025. This revised rate will be applicable to both senior citizens and super senior citizens, without any differential treatment. The update is part of SBI’s regular efforts to restructure its deposit schemes in line with shifting financial market conditions and evolving customer expectations.

Impact on SBI Customers

These rate changes are likely to affect depositors’ earnings, especially for those who rely heavily on interest income from traditional banking instruments. Investors may now find themselves looking toward  alternative investment vehicles such as debt mutual funds, equity-linked products, or government bonds to compensate for reduced returns. Reviewing and diversifying portfolios will be important steps for individuals aiming to preserve their financial stability in a low-rate environment

Summary:
SBI just hit the brakes on your savings with a fresh rate cut—bringing savings interest to an all-time low and trimming FDs across the board. Even the once-glamorous Amrit Vrishti scheme isn’t spared, now capped at 6.85% for seniors. Translation? If you’re counting on bank interest to grow your money, it might be time to get a little more creative with your portfolio. Safe is fine, but smart is better.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Indian Rupee Trails Asian Currencies

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Mitsubishi’s $8 Billion Shale Gas Play: A Strategic Leap into U.S. LNG
Economy - June 14, 2025

ONGC Shares Surge as Brent Crude Prices Rise Sharply Amid Middle East Tensions

ONGC Shares Surge as Brent Crude Prices Rise Sharply Amid Middle East Tensions*

Oil and Natural Gas Corporation (ONGC) shares experienced a notable increase recently, climbing over 3% as Brent crude oil prices witnessed a significant surge of more than 12%. The rise in crude prices was largely driven by heightened tensions in the Middle East, which raised fears of potential disruptions in oil supply. This development has once again highlighted the strong relationship between global geopolitical events and the stock prices of upstream oil companies like ONGC.

Impact of Geopolitical Unrest on Oil Prices

The sudden increase in crude prices was primarily triggered by escalating military actions in the Middle East. Reports indicated that Israeli forces conducted airstrikes on Iranian targets, further intensifying an already unstable regional situation. This raised immediate concerns about the security of the Strait of Hormuz, a vital route for global oil shipments. Investors around the world reacted to the possibility of supply chain disruptions, leading to a rapid increase in oil prices.

Brent crude prices, which had been relatively stable in the range of \$75 to \$78 per barrel, quickly spiked as the geopolitical risk premium increased. Markets swiftly adjusted to these developments, with crude oil experiencing one of its sharpest short-term gains in recent months.

Positive Momentum for ONGC

ONGC, as a major upstream oil company, directly benefits from higher crude prices. The company’s revenues are closely tied to global oil price trends, and any significant increase in crude prices typically leads to improved financial performance. This explains the strong buying interest in ONGC shares following the surge in Brent crude.

Higher crude prices translate into better price realization per barrel of oil produced, which can significantly boost ONGC’s margins. Additionally, the company’s scale and extensive exploration and production capabilities position it well to capitalize on favorable market conditions.

Downstream Sectors Face Pressure

While upstream companies like ONGC gain from rising oil prices, the situation creates challenges for downstream sectors. Companies involved in refining, distribution, and heavy oil consumption such as Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Indian Oil Corporation (IOC) often experience margin pressures during periods of crude price escalation.

This is because their input costs rise significantly with increasing crude prices, and they may not always be able to pass these costs fully to consumers due to pricing controls or competitive dynamics. Similarly, industries heavily dependent on crude oil derivatives, such as aviation, tyre manufacturing, and paints, also face the risk of shrinking margins as their raw material costs surge.

Broader Market Reactions

Indian equity markets reflected the shock of rising crude oil prices, with sector-specific movements becoming increasingly evident. While ONGC and other oil producers saw gains, broader equity indices faced declines due to concerns about rising inflation and potential strain on corporate earnings in oil-dependent sectors. Increased energy costs could eventually weigh on consumer spending and economic growth if the high prices persist.

Global markets also responded with caution. U.S. indices fell as investors moved towards safer assets like gold and government bonds, reflecting heightened risk aversion amid geopolitical uncertainty.

Outlook for ONGC and the Energy Sector

Analysts believe ONGC is well-positioned to benefit from the current trend of rising crude prices, especially in the near term. The company’s ability to maintain steady production while leveraging higher market prices could lead to strong quarterly earnings. However, experts also warn that prolonged periods of high oil prices could have wider economic implications, potentially leading to reduced demand and slower growth.

Market participants are likely to continue closely monitoring the Middle East situation. If tensions escalate further, crude prices may remain elevated, supporting upstream companies. Conversely, any de-escalation could result in a quick correction in oil prices, which would impact ONGC’s stock momentum.

Conclusion

ONGC has emerged as a key beneficiary of the recent surge in global oil prices driven by geopolitical events in the Middle East. The company’s stock has gained positive traction as investors anticipate improved profitability from higher crude realizations. However, the broader market is balancing this optimism with caution, particularly due to concerns about inflation and cost pressures on downstream sectors.

The situation remains dynamic, and ONGC’s performance will likely remain sensitive to further developments in the geopolitical landscape and fluctuations in crude prices.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Future Forward: Godrej Motor Solutions Aims for ₹1000 Cr Revenue Milestone

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