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Capri Global: Riding the Wave of 11% Share Growth and New Financial Solutions!
Market News - June 10, 2025

Capri Global: Riding the Wave of 11% Share Growth and New Financial Solutions!

Capri Global: Riding the Wave of 11% Share Growth and New Financial Solutions!

Capri Global sees strong stock rally after major trade and launches an automated repayment tool to enhance digital ease in gold loan servicing.

Capri Global Stock Soars Amid High-Volume Trade and Digital Rollout

Capri Global Capital Ltd, a diversified non-banking financial company (NBFC), witnessed a sharp uptick in its stock price, rising over 11% on June 9. This sudden surge came after a sizeable equity transaction and the announcement of a customer-centric digital upgrade in its gold loan segment.

The bullish movement in Capri Global’s shares was sparked by a large trade involving 4.5 lakh shares, representing around 1.29% of the company’s equity. The bulk transaction took place at a rate of ₹161 per share, amounting to an overall value of nearly ₹7.27 crore. The transaction comes at a time when investor focus on gold loan providers has intensified, thanks to recent regulatory adjustments by the Reserve Bank of India (RBI).

Gold Loan Sector Gets a Boost from RBI’s Relaxed Norms

The RBI recently introduced more relaxed rules regarding small-ticket gold loans, which has created a favorable outlook for companies operating in this segment. As per the updated guidelines announced during the Monetary Policy Committee (MPC) briefing on June 6, credit appraisal requirements for gold loans up to ₹2.5 lakh have been waived.

This regulatory change has piqued the interest of market participants, especially as demand for gold-backed credit rises in both urban and rural markets. Given gold’s enduring role in India’s cultural and economic landscape, the eased regulatory guidelines could act as a trigger for increased gold loan issuance across the sector.

Introducing ‘Smart Auto Pay’ to Simplify Gold Loan Repayments

In a strategic move aligned with its digital-first philosophy, Capri Global has unveiled a new feature—‘Smart Auto Pay’—specifically tailored for its gold loan customers. This tool aims to simplify the repayment process, enabling automatic deductions of EMIs directly from borrowers’ registered bank accounts on the scheduled dates.

By minimizing the need for manual payments or physical branch visits, this feature reduces the risk of missed payments and late fees. Capri Global believes the automation will improve customer experience and boost repayment discipline across its customer base.

The service is activated through a mandate or standing instruction obtained during the loan disbursal process. Once set up, repayments occur seamlessly, ensuring that borrowers never have to worry about remembering due dates.

A Step Towards a Stronger Phygital Presence

The company views ‘Smart Auto Pay’ as a key addition to its broader goal of building a robust “phygital” ecosystem—a hybrid model that merges physical presence with digital efficiency.

Ravish Gupta, who leads the Gold Loans division, highlighted the ease and user-friendliness introduced by this new solution. He pointed out that the automated system supports timely repayments and eases the repayment journey for customers. Capri Global is also leveraging other tech tools such as artificial intelligence and chatbot services to provide more accessible, round-the-clock services.

These include an AI-driven WhatsApp chatbot that empowers users to manage their gold loans, check outstanding dues, review account details, and even access necessary documents—all without stepping into a branch.

Expanding Reach and Customer Base Across India

Capri Global’s customer-friendly initiatives are backed by a rapidly growing presence in India. The NBFC has built a strong foundation with an asset under management (AUM) exceeding ₹22,850 crore. Its network spans 19 states and union territories and serves a customer base of over 7 lakh individuals.

The company has been focused on strengthening its technological backbone to match rising customer expectations in a competitive lending market. The Smart Auto Pay feature is a testament to that ongoing transformation.

By incorporating seamless repayment methods and digitally-driven touchpoints, Capri Global aims to deepen its engagement with customers and enhance operational efficiencies across its diverse lending portfolio.

Final Thoughts

The sharp rise in Capri Global’s share price on June 9 highlights a blend of supportive market dynamics and the company’s own forward-looking advancements. The large block deal worth ₹7.27 crore signaled heightened investor interest, especially in light of the recent RBI relaxation on gold loan norms.

At the same time, the company’s introduction of the Smart Auto Pay feature underscores its commitment to digital innovation and customer convenience. This feature not only simplifies repayments but also aligns with the company’s vision of establishing a strong phygital infrastructure.

Capri Global’s continued investment in technology, backed by a widespread national footprint, places it in a strong position to capitalize on the rising demand for gold-backed financing. With strategic enhancements like Auto Pay and chatbot integrations, the company is clearly pushing towards a future where financial services are more seamless, secure, and customer-centric.

 

 

 

 

 

 

 

 

 

 

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Blue Energy Motors Delivers LNG Trucks

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LG Electronics’ India unit IPO: valuation, strategy and sector implications
Market News - June 10, 2025

Sacheerome IPO Off to Flying Start as Retail Investors Show Strong Interest

Sacheerome IPO Off to Flying Start as Retail Investors Show Strong Interest

Individual investors fueled significant interest in Sacheerome’s IPO on its opening day, propelling subscriptions to 3.72 times, while grey market trends hint at solid premium prospects.

Sacheerome IPO Begins With Impressive Subscription Response

Sacheerome Limited’s initial public offering (IPO) witnessed a strong start on its opening day, reflecting robust investor appetite, particularly from retail participants. Opening for subscription on Monday, June 9, the IPO quickly gained traction in the market, drawing significant attention from investors across segments. By the end of the first day, the issue was subscribed 3.72 times, a promising indicator of the enthusiasm surrounding this public debut.

Retail investors took the lead in this response, oversubscribing their allotted portion by 5.22 times, showing their confidence in the company’s future prospects. Non-Institutional Investors (NIIs), too, demonstrated keen participation, bidding 3.89 times their reserved portion. Meanwhile, Qualified Institutional Buyers (QIBs) reached 96% of their allocated quota by the day’s close, underscoring balanced interest across all categories.

Unofficial Market Premium Hints at Potential Upside on Listing Day

A key measure of investor sentiment ahead of an IPO listing is the grey market premium (GMP), and Sacheerome’s IPO is currently commanding a premium of ₹30 in this unofficial market. Priced at the higher end of ₹102 per share, Sacheerome’s stock is expected to debut near ₹132 when it hits the market. This projects a potential listing gain of approximately 29.4%, adding further excitement for prospective investors looking to benefit from early market momentum.

The pricing for the IPO has been finalized between ₹96 and ₹102 per share, with each lot comprising 1,200 equity shares. For retail participants, the minimum investment requirement is ₹1,22,400, while High Net-Worth Individuals (HNIs) need to apply for at least two lots, amounting to ₹2,44,800.

Given the healthy GMP and the encouraging subscription data, market watchers remain optimistic about Sacheerome’s stock debut on the exchanges.

Sacheerome Limited: A Key Player in Fragrance and Flavor Solutions

Sacheerome Limited is a well-established player in the creation of fragrances and flavors catering to a broad spectrum of industries. The company specializes in developing high-quality aromatic compounds and flavoring agents used in numerous consumer products, including personal care items like soaps, shampoos, and deodorants. Its product range extends to household essentials such as candles, air fresheners, and perfumes, contributing to its growing footprint in the fragrance segment.

In addition to fragrances, Sacheerome is involved in producing natural and synthetic flavors that find applications in food, beverages, pharmaceuticals, and healthcare products. Operating primarily in the business-to-business (B2B) space, the company serves some of the most recognized fast-moving consumer goods (FMCG) brands in India and overseas.

With decades of expertise and a reputation for quality, Sacheerome has positioned itself as a trusted supplier within the fragrance and flavor industry, poised for further expansion through this IPO.

IPO Objectives: Strengthening Manufacturing and Research Capabilities

Sacheerome’s IPO consists entirely of a fresh issue of 60,40,800 equity shares, targeting to raise ₹61.62 crore from the market. Unlike some offerings that include an offer-for-sale (OFS) component by existing shareholders, Sacheerome’s IPO proceeds will fully benefit the company’s growth initiatives.

The primary objective of the funds raised is to finance the development of a new integrated manufacturing and research facility at the Yamuna Expressway Industrial Development Authority (YEIDA) site. This facility is expected to play a pivotal role in enhancing Sacheerome’s production capacity and research capabilities.

The upcoming center will house advanced R&D laboratories, quality control departments, product application areas, and dedicated training spaces. This expansion is anticipated to improve operational efficiencies, promote innovation, and better serve its clientele across various industries.

Key Dates to Remember for Sacheerome IPO Investors

For investors planning to participate or those tracking the IPO’s journey, here’s a quick snapshot of the important dates related to Sacheerome’s market debut:

• Opening Date: June 9, 2025
• Closing Date: June 11, 2025
• Allotment Finalization: June 12, 2025
• Shares Expected to Reflect in Demat Accounts by June 13, 2025

GYR Capital Advisors is acting as the lead manager for the offering, while MUFG Intime India is managing registrar duties. Giriraj Stock Broking has taken the role of market maker, helping ensure liquidity post-listing.

Final Thoughts

Sacheerome Limited’s IPO opened to a remarkable reception, largely fueled by the energetic involvement of individual retail investors. The impressive Day 1 subscription figures, combined with a robust GMP of ₹30, indicate strong market expectations for a successful listing.

As Sacheerome looks to bolster its manufacturing and research infrastructure, the capital raised from this IPO is expected to significantly aid its growth journey. Positioned at the heart of the fragrance and flavor industry, and with established relationships with major FMCG brands, Sacheerome seems well-placed to capitalize on future demand.

For investors, especially those seeking exposure to the specialty chemicals and consumer goods supply chain sectors, Sacheerome’s IPO represents an intriguing proposition. The upcoming allotment and listing will reveal whether the company’s market potential aligns with investor optimism.

 

 

 

 

 

 

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Silver Outlook: Inflation Reports, Fed Policy Drive Multi-Year Price Rally

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Gold, Silver Surge to Record Highs on MCX Amid Tariff Jitters, Fed Rate Cut Buzz
Market News - June 10, 2025

Silver Outlook: Inflation Reports, Fed Policy Drive Multi-Year Price Rally

Silver Outlook: Inflation Reports, Fed Policy Drive Multi-Year Price Rally

Silver Prices Rise as Markets React to CPI and Fed Cues

Introduction

Silver (XAG) has recently witnessed an impressive rally, reaching price points not observed in several years. This upward momentum is largely attributed to the latest inflation data, as well as shifting expectations regarding potential interest rate reductions by the U.S. Federal Reserve. These developments have prompted increased attention from traders and analysts alike, as they could significantly shape the future trajectory of silver prices.

How Inflation Data Is Fueling the Silver Surge

Recent inflation statistics, particularly the Consumer Price Index (CPI) figures, have highlighted stubborn price pressures within the economy. This has triggered investor concerns about declining currency value, encouraging many to move capital into safe-haven assets like silver. As inflation persists, silver becomes a more appealing option for preserving wealth, pushing up demand and driving price growth.

Rate Cut Expectations Boost Precious Metals

In addition to inflation worries, growing speculation that the Federal Reserve might begin cutting interest rates has added momentum to silver’s rise. Since silver does not generate yield, its attractiveness increases when borrowing costs are expected to decline. If the Fed softens its monetary policy in the coming months, silver could see continued support from both retail and institutional investors seeking alternatives to traditional interest-bearing instruments.

Chart Analysis: Bullish Signs Confirm Breakout

Technically, silver has surpassed major resistance levels, indicating a strong bullish trend. Sustaining this breakout suggests confidence among traders and a belief that current price strength could continue. Analysts monitoring chart patterns and volume indicators point to additional upside potential, though short-term pullbacks remain possible in such volatile conditions.

External Drivers: Global Economy Adds to the Rally

From rising geopolitical tensions to industrial demand in sectors like electronics and solar energy, a range of international variables can affect price movement. Investors should consider not only U.S. monetary policy and inflation figures but also worldwide economic conditions and supply-demand trends when evaluating silver’s investment outlook.

Investment Options for Silver Exposure

In light of silver’s recent performance, investors have a few different avenues to consider. These include purchasing physical silver in the form of bars or coins, investing in shares of silver mining companies, or trading silver-related ETFs. Each method offers its own advantages and risks, depending on an investor’s strategy, risk appetite, and market outlook.

Conclusion

The recent breakout in silver prices reflects a complex blend of economic concerns, including persistent inflation and likely interest rate cuts by the Federal Reserve. These elements have significantly boosted silver’s appeal as both a hedge and a strategic investment. As financial markets respond to upcoming CPI data releases and central bank signals, silver may continue to serve as a key barometer of broader economic sentiment and investor caution.

 

 

 

 

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The Future of Bond Yields: Insights on RBI’s Recent Rate Cut and Buyback

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Market News - June 10, 2025

The Future of Bond Yields: Insights on RBI's Recent Rate Cut and Buyback

The Future of Bond Yields: Insights on RBI’s Recent Rate Cut and Buyback

India’s latest monetary policy shift, paired with a significant government bond buyback, is expected to soften yields and boost market liquidity in the near term.

RBI’s Aggressive Policy Shift Signals Softer Interest Rate Outlook

India’s central bank has made an assertive early move by implementing a significant interest rate reduction ahead of expectations, paving the way for a potential decline in bond yields. Market watchers suggest that this surprise rate reduction is likely to realign investor expectations and adjust the broader interest rate trajectory towards a more accommodative stance.

This strategic monetary easing is expected to drive yields on long-term government securities (G-Secs) lower, as investors recalibrate their positions in anticipation of continued monetary support. Although some short-term turbulence may occur—especially with investors capitalizing on bond rallies—the broader consensus points to a medium-term softening in yields.

Market Recalibration in Motion Amid Policy Shift

The central bank’s rate move comes with a shift in its policy stance to ‘neutral’, which analysts interpret as a tactical pause rather than the end of the rate-cutting cycle. In the immediate term, this neutral tone could cause some hesitation in the market, potentially spurring brief upticks in bond yields as traders lock in profits and reassess future policy direction.

Nevertheless, experts indicate that these fluctuations are temporary. Once the market digests the new stance and volatility subsides, the downward momentum in bond yields is expected to resume, particularly for dated securities. The overarching expectation is that the RBI still retains room to cut rates further—especially as global economic cues, like a potential rate reduction by the US Federal Reserve, begin to align.

Short-Term Yields Respond to RBI’s Liquidity Moves

The impact of the RBI’s policy shift is expected to be more pronounced at the shorter end of the yield curve. The central bank’s liquidity measures—such as potential reductions in the Cash Reserve Ratio (CRR)—could drive short-term yields lower, reinforcing a steeper yield curve in the coming months.

This steepening is seen as a natural outcome of supportive liquidity conditions in the near term, even as long-end yields stabilize after having already priced in the rate cut. In essence, while long-term bonds may show limited further decline, the short-term segment remains highly responsive to RBI’s monetary and liquidity interventions.

Government to Buy Back ₹26,000 Cr in Dated G-Secs

In alignment with the RBI’s recent policy measures, the Indian government has unveiled plans to repurchase ₹26,000 crore worth of dated sovereign bonds at their nominal value. This buyback, scheduled for June 12, 2025, is aimed at managing public debt and reinforcing market confidence.

The buyback initiative will encompass five government bonds set to mature in the year 2026.

• 5.63% GS (maturing April 12)
• 8.33% GS (July 9)
• 6.97% GS (September 6)
• 5.74% GS (November 15)
• 8.15% GS (November 24)

Notably, no individual security has been assigned a fixed buyback amount. Bidding will take place through the RBI’s E-Kuber platform from 10:30 a.m. to 11:30 a.m., with the outcome announced later that day. The transaction is slated to be finalized on June 13, 2025.

This move is expected to add liquidity into the system and support bond prices, further reinforcing the downward pressure on yields, especially for medium-term securities.

Combined Impact: Lower Borrowing Costs and Greater Market Stability

The combination of the RBI’s interest rate reduction and the government’s substantial bond repurchase reflects a coordinated strategy aimed at loosening overall financial conditions. The rate cut serves to lower the cost of capital, while the buyback strengthens the demand for government bonds, thus compressing yields.

These measures are set to improve liquidity, reduce government borrowing costs, and possibly stimulate private sector lending, creating a more favorable macroeconomic environment for investment and growth. The combination of domestic policy shifts and supportive global signals enhances the likelihood of a continued easing in yields over the medium term.

Final Thoughts

India’s monetary landscape is undergoing a significant recalibration as the RBI rolls out an aggressive rate cut strategy and the government initiates a major bond buyback. While the neutral policy stance may introduce short-term uncertainties, the broader outlook suggests an easing yield environment, especially as market volatility settles and global central banks also pivot towards more dovish stances.

In the short run, long-term bond yields may remain relatively stable, having already absorbed much of the policy impact. However, short-term yields could decline further as liquidity measures take effect. The government’s ₹26,000 crore G-Sec buyback reinforces this easing trajectory, signaling continued efforts to maintain financial stability and support economic momentum.

Investors, lenders, and policymakers alike will be watching closely to see how these changes influence borrowing costs, investment patterns, and overall market sentiment in the months ahead.

 

 

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L&T Major Civil Work Order from JSW

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SEBI Enables Transfer of Core SGF Between Segments
Market News - June 10, 2025

SEBI Enables Transfer of Core SGF Between Segments

SEBI Enables Transfer of Core SGF Between Segments

Updated Rules Help Strengthen Clearing Corporations’ Flexibility

Summary:
SEBI has approved a regulatory change that lets clearing corporations move excess Core SGF from the equity cash segment to the equity derivatives segment. This aims to boost financial safeguards and strengthen market risk preparedness.

Introduction

In a notable policy revision to enhance financial security in India’s stock markets, the Securities and Exchange Board of India (SEBI) has allowed clearing corporations to shift surplus funds from the Core Settlement Guarantee Fund (SGF) of the cash equity segment to the equity derivatives segment. This reform is intended to reinforce the stability of derivative transactions by ensuring better capital preparedness to tackle defaults.

What is the Core SGF?

Funded by entities like stock exchanges, clearing corporations, and brokers, this reserve aims to mitigate systemic disruptions during trade settlements by guaranteeing sufficient liquidity.

Why SEBI Made This Move

The updated norms come as India’s derivatives segment witnesses increasing trade volume and complexity. To address the associated financial risks, SEBI has given clearing bodies the authority to reallocate idle funds from the cash segment’s SGF to where they are more critically needed — the derivatives space. This regulatory shift offers clearing corporations the flexibility to adjust fund placement in alignment with risk exposure.

Highlights of SEBI’s Updated Regulations

Eligibility for Transfers:
Only those clearing corporations holding extra SGF reserves in the cash equity section may shift these funds to the derivatives segment. These movements require consent from the corporation’s Risk Committee to ensure prudent financial decision-making.

Transfer Conditions:
SEBI mandates that all such fund transfers be vetted and cleared by the Risk Committee. This ensures proper oversight and alignment with the firm’s broader risk policies.

Phased Capital Contribution:
To meet the SGF needs in the derivatives segment, SEBI permits staggered capital infusions. Clearing corporations must complete this reallocation within four months of the guideline’s release, ensuring time-bound compliance without straining liquidity.

Monthly Capital Review:
Clearing corporations must evaluate their SGF minimum requirement monthly. This figure will be based on stress test results from the previous month, helping corporations maintain a dynamic and up-to-date view of risk readiness.

Mandatory Disclosures:
For transparency, SEBI requires clearing corporations to publicly disclose any gap between the required and actual SGF contributions. This information must be available on the respective websites, boosting confidence among stakeholders.

Impact on Stakeholders

Strengthened Market Safeguards:
These regulatory changes are expected to reinforce the financial framework of the derivatives market, reducing systemic risks and improving confidence in settlement processes.

Better Resource Management:
Clearing corporations now have more leeway in fund management, allowing for improved operational efficiency by channeling capital where it’s most needed, depending on market volatility.

Cost Considerations:
While long-term benefits include stronger market stability, clearing corporations may face transitional costs. These could be reflected in slightly higher fees or operational charges for participants.

Conclusion

SEBI’s decision to allow surplus fund reallocation between the SGFs of cash and derivatives segments is a forward-looking step to enhance market resilience. By granting more financial maneuverability to clearing corporations, the regulator aims to ensure that India’s growing and increasingly complex derivatives market remains well-protected against potential financial shocks. This change, though requiring adjustments from stakeholders, promotes a more responsive and stable capital market ecosystem.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Mizuho Makes Bold Play for India with $700 Million Avendus Buy

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ICICI Bank Shares Slip as ICICI Prudential AMC Files for Landmark ₹10,000 Crore IPO
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Mizuho Makes Bold Play for India with $700 Million Avendus Buy

Mizuho Makes Bold Play for India with $700 Million Avendus Buy

Mizuho, a top-tier Japanese bank, makes a significant foray into India’s financial landscape by acquiring a majority stake in Avendus Capital from KKR, signaling a pivotal shift in the country’s investment banking space.

The Deal: Details and Structure
After months of negotiations and a competitive bidding process, Mizuho and KKR, along with Avendus’s senior leadership, finalized the acquisition terms in early June 2025. The deal values Avendus Capital at approximately ₹6,000 crore ($700 million), with KKR selling its entire 60% stake, alongside early investors, some high-net-worth individuals, and co-founder Ranu Vohra. The remaining founders, Kaushal Aggarwal and Gaurav Deepak, will retain their stakes and continue to manage the company, ensuring operational continuity, though Mizuho will wield veto rights.
Mizuho CEO Mr. Masahiro Kihara is going to visit India for high-level discussions and to formally announce the acquisition. The acquisition will give Mizuho a controlling interest of up to 70% in Avendus, making it a major force in India’s financial services industry.

Avendus Capital: A Homegrown Success Story
Founded in 1999 by three friends—Ranu Vohra, Kaushal Aggarwal, and Gaurav Deepak—Avendus Capital has grown into one of India’s most prominent investment banks. The company offers services in investment banking, credit financing, institutional equities, wealth advisory, and asset management, with operations in ten Indian cities and international offices in the US and Singapore.
Avendus’s acquisition of Spark in 2022 expanded its reach into institutional equities, further diversifying its offeringsIn the nine-month period ending December 2024, Avendus generated ₹1,035 crore in consolidated revenue and posted a profit after tax of ₹170 crore. Investment banking remained the primary growth driver, accounting for the majority of its pre-tax earnings. Its strong financial performance has positioned it as one of the most sought-after dealmakers in India.

KKR’s Exit and Returns
Global investment firm KKR made its initial entry into Avendus in 2015, securing a majority stake with an investment estimated between ₹950 and ₹1,000 crore. The transaction also signifies the exit of a number of initial investors and smaller shareholders, among them Gaja Capital.

Strategic Context: Why Mizuho, Why Now?
Mizuho’s acquisition of Avendus comes amid a broader trend of Japanese financial institutions deepening their presence in India. Just last month, Sumitomo Mitsui Banking Corporation (SMBC) picked up a strategic stake in Yes Bank, and Mizuho itself has recently invested in Kisetsu Saison Finance. Having established five branches in India and committed $500 million to its local operations, Mizuho is making a strong play for long-term growth in the country’s financial sector.
The deal also reflects Mizuho’s global ambitions. Mizuho has been expanding its international presence through acquisitions, notably of Greenhill & Co. and an Indian fintech startup in 2024. The alliance with Avendus provides the Japanese bank with a gateway to a fast-growing market and a platform backed by strong local expertise and established networks.

Competitive Bidding and Advisory
The Avendus stake sale attracted significant interest from global private equity and financial players, including Carlyle, TPG Capital, TA Associates, and even Nomura, which was originally hired to manage the process before Rothschild took over as advisor. Ultimately, Mizuho outbid Carlyle, with insiders citing Mizuho’s strategic fit and cross-border transaction capabilities as key differentiators.

What’s Next for Avendus?
Post-acquisition, Avendus will continue to operate under the leadership of its remaining founders, with the support and oversight of Mizuho. The Japanese bank’s global reach and capital strength are expected to enhance Avendus’s ability to serve clients, especially in cross-border M&A and capital markets.
The deal also positions Avendus to further expand its wealth management, alternative asset management, and institutional equities businesses, leveraging Mizuho’s international network and financial muscle.

Conclusion
Mizuho’s $700 million acquisition of Avendus Capital is a watershed moment for both companies and for India’s financial services landscape. It underscores the growing appeal of Indian financial assets to global investors and marks a new era of cross-border collaboration. As Mizuho integrates Avendus into its global operations, the Indian investment bank is poised for its next phase of growth, backed by one of the world’s largest financial groups.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Poonawalla Fincorp Shares Jump to 11-Month High on ₹500 Crore NCD Fundraising Plan

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Market News - June 10, 2025

Poonawalla Fincorp Shares Jump to 11-Month High on ₹500 Crore NCD Fundraising Plan

Poonawalla Fincorp Shares Jump to 11-Month High on ₹500 Crore NCD Fundraising Plan

Poonawalla Fincorp Ltd. recently saw its shares surge to an 11-month high after the company’s board approved a proposal to raise ₹500 crore through the issuance of non-convertible debentures (NCDs). This development reflects the company’s strategic efforts to diversify its funding sources and strengthen its capital base to support future growth.

Company Approves ₹500 Crore NCD Issuance

Poonawalla Fincorp’s board of directors has given the green light to raise funds by issuing secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The company plans to issue 50,000 NCDs, each with a face value of ₹1 lakh, amounting to a total of ₹500 crore.

This funding move is part of the company’s strategy to maintain financial flexibility and secure additional resources for business expansion. By opting for NCDs, Poonawalla Fincorp can tap into the debt market at competitive rates, which is generally considered more cost-effective than equity dilution.

Strong Stock Market Reaction

The announcement led to a positive reaction in the stock market. Poonawalla Fincorp’s shares jumped nearly 3% and reached ₹433.70 per share, marking their highest level in the past 11 months. The surge indicates growing investor confidence in the company’s financial health and its ability to raise capital efficiently.

High trading volumes were recorded during the session, highlighting the strong interest from market participants following the NCD announcement. The company’s shares have already delivered significant returns since the beginning of the year, further supported by its stable growth outlook.

Why NCDs Are Attractive for Poonawalla Fincorp

The decision to raise funds through non-convertible debentures offers several advantages:

Lower Cost of Borrowing: NCDs allow the company to access debt capital at attractive interest rates without impacting equity ownership.

Secured Structure: The NCDs will be secured by company assets, which provides additional safety to investors and helps Poonawalla Fincorp secure funds on favorable terms.

Long-Term Capital Support: The funds raised will likely be used to expand the lending portfolio, particularly focusing on secured loans to salaried individuals, small businesses, and consumer financing.

Diversified Funding: Issuing NCDs enables the company to diversify its funding sources beyond traditional bank loans, ensuring greater financial stability.

Steady Financial Performance Supports Growth Plans

Poonawalla Fincorp has demonstrated a steady improvement in its financial performance over the past few quarters. The company has been focusing on building a strong loan portfolio while maintaining tight control over asset quality.

In the most recent quarterly update, Poonawalla Fincorp reported healthy growth in its net profit and loan disbursements. The company’s focus on risk-averse lending and strong underwriting practices has resulted in a low non-performing asset (NPA) ratio, further boosting investor confidence.

The company’s strategy revolves around growing its presence in the consumer and MSME segments, with a strong push towards digital lending platforms to improve customer reach and operational efficiency.

Positive Credit Rating Advantage

One of the key strengths of Poonawalla Fincorp is its robust credit rating. The company enjoys a CRISIL AA+ / Stable rating, which reflects its sound financial position and the backing of the reputable Cyrus Poonawalla Group. This high credit rating allows the company to raise debt at competitive rates, which is crucial for maintaining profitability in a lending business.

The rating agencies have highlighted the company’s stable capital structure, strong promoter support, and healthy asset quality as factors contributing to its positive credit profile.

Market Outlook and Growth Potential

The overall outlook for the non-banking financial company (NBFC) sector remains positive, supported by the Reserve Bank of India’s recent moves to reduce policy rates, making borrowing cheaper for both companies and consumers.

Poonawalla Fincorp is well-positioned to capitalize on this favorable environment by increasing its lending activity, particularly to underserved segments like small businesses and salaried individuals seeking quick and affordable credit.

The company’s continued focus on digital innovation and technology-driven processes is expected to further improve loan disbursement speed and customer satisfaction, giving it a competitive edge in the evolving NBFC landscape.

Conclusion: A Strategic Step for Sustainable Growth

Poonawalla Fincorp’s decision to raise ₹500 crore through secured NCDs signals its proactive approach to funding growth while maintaining a balanced capital structure. The stock’s strong rally following the announcement highlights investor optimism about the company’s financial management and growth strategy.

With solid financial backing, prudent risk management, and a clear focus on consumer and MSME lending, Poonawalla Fincorp is likely to continue expanding its market presence in the coming quarters.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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GRSE’s Marine Capabilities Expand: 5% Share Increase After MoUs in Scandinavia

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Market News - June 10, 2025

GRSE's Marine Capabilities Expand: 5% Share Increase After MoUs in Scandinavia

GRSE’s Marine Capabilities Expand: 5% Share Increase After MoUs in Scandinavia

Garden Reach Shipbuilders strengthens global presence by partnering with Swedish and Danish firms to enhance marine propulsion systems and explore cruise vessel opportunities.

GRSE Makes Global Moves to Enhance Marine Engineering Portfolio

Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a prominent defence public sector undertaking (PSU) in India, saw its shares rise sharply by 5.2% to hit an intraday high of ₹3,417.15 on the BSE. This investor enthusiasm followed the company’s announcement of signing two key Memoranda of Understanding (MoUs) with firms based in Sweden and Denmark, aimed at boosting its marine systems development and exploring new frontiers in the cruise ship sector.

These strategic agreements mark a significant step in GRSE’s efforts to diversify its operations, improve technological capabilities, and cement its footprint in the global maritime industry.

Swedish Tie-Up to Power Propulsion Technology Advancements

During its visit to Sweden, GRSE forged a strategic partnership with Berg Propulsion, a globally acclaimed authority in cutting-edge maritime propulsion solutions. The partnership is structured around a collaborative approach to co-develop and manufacture propulsion equipment and systems.

This alliance is designed to pool the technical strengths of both organizations. Berg Propulsion’s deep knowledge of advanced marine propulsion technology will be paired with GRSE’s extensive engineering experience, particularly in naval shipbuilding. The partnership is also expected to support ongoing and forthcoming government contracts that require cutting-edge propulsion solutions.

GRSE stated that this partnership reflects its broader vision to strengthen its position within the maritime engineering landscape by teaming up with globally acclaimed industry leaders.

Danish Partnership Opens Doors to Cruise Vessel Segment

Expanding beyond defence, GRSE has now ventured into the civilian marine space by entering into an MoU with SunStone, a Denmark-based firm renowned for its expedition cruise vessels. Signed on June 6, this agreement aims to initiate joint work in the design and development of high-end cruise vessels, a relatively untapped market for GRSE.

With increasing global demand for luxury and expedition cruises, this move signifies GRSE’s intention to diversify into new markets while utilizing its existing shipbuilding expertise. The partnership with SunStone paves the way for GRSE to not only participate in this niche market but also eventually evolve as a competitive player in the international cruise segment.

This signifies a significant shift in GRSE’s strategic outlook, highlighting its intent to extend its international footprint beyond conventional defence projects and state-backed ship construction initiatives.

Strategic Vision: From Naval Strength to Global Diversification

GRSE emphasized that these international collaborations are aligned with its broader strategic goals. The shipbuilder is working to transition into a globally relevant marine technology company, aiming to participate in both defence and non-defence segments.

The dual MoUs are seen as catalysts for future collaborations and technology transfers. By working with top-tier global firms, GRSE is positioning itself to adopt best practices, absorb new technologies, and broaden its range of shipbuilding capabilities — especially in complex vessel designs such as propulsion-based systems and expeditionary cruise ships.

The company has historically been at the forefront of naval engineering in India, and these new developments could significantly elevate its technological base and international standing.

Share Price Performance: Riding a Wave of Investor Optimism

GRSE’s recent agreements have further fueled investor confidence. The stock has delivered an extraordinary return of 150% over the past three months and has skyrocketed by a staggering 538% in the last two years. As of the latest trading session, GRSE boasts a market capitalization of approximately ₹37,193 crore, reflecting strong market sentiment and robust investor interest.

Despite its stellar stock performance, some estimates suggest a cautious future outlook in terms of price targets. However, market watchers continue to maintain a broadly positive sentiment, buoyed by GRSE’s consistent efforts to innovate and expand.

Final Thoughts

GRSE’s dual MoUs with Sweden’s Berg Propulsion and Denmark’s SunStone mark a strategic evolution in its operational landscape. These agreements not only signify GRSE’s intent to expand technologically but also reveal its ambition to explore untapped commercial opportunities outside its traditional defence sector.

The Swedish collaboration adds depth to GRSE’s engineering expertise in propulsion systems, while the Danish tie-up could open an entirely new chapter in cruise ship manufacturing for the company. Collectively, these partnerships amplify GRSE’s international aspirations and reflect its dedication to pioneering innovation, expanding into new domains, and pursuing long-term, resilient progress.

Investor response has been overwhelmingly positive, as reflected in the recent rally in GRSE’s share price. While market analysts advise measured expectations in terms of valuation, GRSE’s international outreach and strategic direction suggest a promising future trajectory.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Coal India Reopens 32 Mines as Clean Energy Progress Falters

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Coal India Reopens 32 Mines as Clean Energy Progress Falters
Market News - June 10, 2025

Coal India Reopens 32 Mines as Clean Energy Progress Falters

Coal India Reopens 32 Mines as Clean Energy Progress Falters

The state-owned mining company shifts focus to coal, restarting idle mines and initiating new developments to address India’s growing energy needs.

India’s Energy Crunch: Renewables Lag, Coal Steps In
India’s energy consumption is soaring, driven by rapid economic growth and industrialization. In 2023, the country consumed nearly 40.5 exajoules of energy, with industry accounting for almost half of this demand. The government’s ambitious clean energy targets—500 GW from renewables by 2030—require $68 billion in annual investments, but last year’s investment was only $13 billion, highlighting a significant shortfall.
Despite aggressive solar and wind expansion, renewables have yet to deliver the scale and reliability needed to power India’s growing economy. As a result, coal still underpins 74% of the nation’s electricity generation as of 2024. Although coal’s share is expected to drop to 55% by 2030 and further to 27% by 2047, it remains crucial for meeting near-term energy needs.

Reviving Defunct Mines: Policy and Execution
The decision to restart 32 abandoned mines is rooted in a December 2024 policy from the Ministry of Coal, which aims to boost domestic supply and cut reliance on imports. These mines, previously shuttered due to outdated machinery and manual operations, will now be modernized and operated through revenue-sharing agreements with private partners. At least six are expected to be operational in FY 2025-26, with five new greenfield projects also in the pipeline.
As of 2025, contracts for 27 of the mines have already been granted, with the rest anticipated to be allocated in the near future. Coal India’s Chairman and Managing Director, PM Prasad, emphasized that this strategy is essential to bridge the gap until renewable capacity can catch up with demand.

Coal India’s Production Ambitions
Coal India currently operates 310 mines and supplies about 75% of the country’s coal needs. The company is targeting an annual production increase of 6–7%, with an ambitious objective of reaching 1.5 billion tonnes by 2030. This expansion is critical as India’s primary energy consumption is projected to more than double by 2050.
Despite the renewed focus on coal, Prasad reaffirmed Coal India’s commitment to India’s net-zero target by 2070, stating that coal production is expected to peak by 2035 before gradually declining as clean energy sources ramp up.

Mine Closures: A Slow and Complex Process
While reopening mines, Coal India is also grappling with the formal closure of old sites. In the last ten years, 299 mines have been classified as abandoned, non-operational, or closed, including 130 that have been shut down since 2009. However, only three have been formally closed under government guidelines as of early 2025, due to administrative, financial, and environmental challenge.
To address these delays, the Ministry of Coal has introduced revised closure guidelines and a centralized digital portal to streamline the process and ensure environmental and community welfare.

Conclusion
Coal India’s reactivation of 32 inactive mines reflects a practical adjustment in India’s energy approach, focusing on urgent power demands while the nation works toward strengthening its renewable energy framework. While the long-term goal remains a clean energy transition, coal will continue to play a crucial role in powering India’s growth for the next decade. The challenge ahead is to balance energy security with environmental responsibility as India navigates its complex energy future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Sanlayan Technologies Secures ₹186 Crore in Series A to Power Defence Electronics Growth

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India's Defence Sector Transforms: 11 Years of Strategic Growth and Self-Reliance
Market News - June 10, 2025

Sanlayan Technologies Secures ₹186 Crore in Series A to Power Defence Electronics Growth

Sanlayan Technologies Secures ₹186 Crore in Series A to Power Defence Electronics Growth

Sanlayan Technologies, a Bengaluru-based startup focused on defence electronics, has successfully raised ₹186 crore through its Series A funding round. This fresh capital is expected to strengthen the company’s role in India’s defence technology sector and accelerate its plans to develop advanced indigenous systems.

Major Funding to Drive Expansion

The company’s Series A funding round was supported by several well-known investors. Notable participants in this round included seasoned investor Ashish Kacholia, Lashit Sanghvi, and the globally active Jungle Ventures. Additionally, existing backers like Gemba Capital and Singularity Ventures contributed to this round, while Shastra VC also came onboard as a new investor.

This investment will enable Sanlayan to scale its operations, expand its workforce, and enhance its research and development activities. The company plans to grow organically by building new solutions and also aims to acquire other businesses to rapidly increase its technological reach.

Dexcel Electronics Acquisition: A Strategic Move

To strengthen its expertise, Sanlayan recently acquired a controlling stake in Dexcel Electronics Designs Pvt. Ltd., an established embedded systems company with more than 20 years of experience. Dexcel has contributed to some of India’s key defence and aerospace projects, including upgrades to the Jaguar and Sukhoi fighter aircraft, avionics for the LCA Tejas fighter jet, and the Chandrayaan-3 space mission.

By adding Dexcel’s experience and capabilities, Sanlayan will be better positioned to offer complex, high-performance defence electronics solutions. This acquisition also supports Sanlayan’s goal of delivering fully indigenous systems for the Indian defence sector.

Focus on Building Advanced Technologies
Sanlayan is actively working on several critical defence projects that align with India’s goal of technological self-reliance. One of its primary projects is the development of an Active Electronically Scanned Array (AESA) radar system for unmanned underwater vehicles (UUVs). This project involves collaboration with multiple Indian defence startups and global Original Equipment Manufacturers (OEMs).

The company is also focusing on creating cutting-edge Electronic Warfare (EW) systems and Counter-Unmanned Aircraft Systems (CUAS). These technologies are crucial for protecting India’s military assets from modern threats like drones and electronic attacks.

Sanlayan’s efforts directly support the Indian government’s push to build a strong indigenous defence manufacturing base and reduce reliance on foreign suppliers.

Aggressive Hiring to Build Strong Teams

With the new funding secured, Sanlayan plans to significantly expand its workforce. The company aims to increase the size of its engineering and leadership teams by nearly five times within the next six months.

Sanlayan is particularly looking to hire experienced engineers, retired defence personnel, research specialists, and industry experts from both government and private sectors. By strengthening its talent pool, the company will be able to handle more complex defence projects and accelerate product development.

Investor Confidence in Sanlayan’s Future

Investor Ashish Kacholia expressed strong confidence in Sanlayan’s growth potential, emphasizing the importance of building defence technologies within India. He highlighted the company’s deep understanding of the sector and its ability to address the country’s defence needs.

Rohan Gala, Co-Founder and CEO of Sanlayan, commented that India’s defence sector is currently experiencing unprecedented growth, and the company is committed to becoming a key contributor to this progress. He also stressed the importance of scaling up quickly to meet increasing demand.

Rishab Malik, Partner at Jungle Ventures, pointed out that Sanlayan’s focused approach and disciplined operations provide the right foundation for the company to achieve long-term success, especially after its acquisition of Dexcel Electronics.

Alignment with India’s Defence Self-Reliance Goals

Sanlayan’s growth strategy is in complete alignment with the Indian government’s ‘Atmanirbhar Bharat’ initiative, which emphasizes the development of indigenous technologies to strengthen national security and reduce import dependency. Sanlayan’s combined strategy of research, acquisition, and international collaboration is designed to position the company as a leader in the Indian defence electronics space.

The company’s focus on self-reliant innovation makes it a valuable contributor to India’s ambition to build a robust and globally competitive defence ecosystem.

Future Outlook: Expanding Capabilities and Partnerships

Looking ahead, Sanlayan plans to fast-track the development of its AESA radar systems, electronic warfare technologies, and counter-drone solutions. The company also aims to strengthen its collaborations with international partners and Indian defence organizations to secure large, high-impact contracts.

With a clear roadmap, strong investor support, and advanced technologies under development, Sanlayan is poised to become a significant player in India’s defence electronics industry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Hyundai Bayon Crossover Spied: India Launch in 2026 with i20 DNA

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