Stock Alert: Mahindra & Mahindra, NIBE, Mahindra EPC, MCX, Hindustan Zinc
Securities in F&O Ban:
Manappuram Finance, Hindustan Copper, Aditya Birla Fashion & Retail (ABFRL), Chambal Fertilisers & Chemicals shares banned from F&O trading on 9 Jun 2025.
Stocks to Watch:
Shares of HDFC Bank are likely to be in focus after officials from the Lilavati Kirtilal Mehta Medical Trust, which operates Lilavati Hospital in Bandra, Mumbai, held a press conference on Saturday, 7 June. The Trust called for the suspension and prosecution of HDFC Banks managing director and CEO, Sashidhar Jagdishan, over alleged involvement in financial fraud and corruption related to the Trust.
In response, HDFC Bank issued an official statement denying all allegations. It further stated that Jagdishan is being targeted in an attempt to obstruct the recovery of a long-pending loan from defaulting borrowers.
Mahindra & Mahindras production jumped 27.56% to 89,626 units in May 2025, compared with 70,261 units produced in May 2024.
NIBE has entered into a licensing agreement with the Defence Research and Development Organisation (DRDO), Research & Development Establishment (Engineers), Pune. The agreement covers the transfer of technology (ToT) to manufacture modular bridging systems ranging from 14 to 46 meters in length. The contract is valued at Rs 3.76 crore.
Kernex Microsystems (India) announced that its joint venture, the Kernex-KEC Consortium, has received a Letter of Acceptance (LoA) worth Rs 182.81 crore from Western Railway. Kernex holds a 70% stake in the consortium.
Mahindra EPC Irrigation has received an order worth Rs 4.32 crore from the water resources department for allied works related to the implementation of a community micro irrigation project.
The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives. Backed by both SEBI and Central Electricity Regulatory Commission (CERC), this move aims to help power generators, distributors, and large consumers hedge price risks and manage volatility.
Hindustan Zincs board is scheduled to meet on 11 June 2025, to consider the first interim dividend on equity shares, if any, for the financial year 2025-26. The company has fixed the record date as Tuesday, 17 June 2025.
Persistent Systems board approved the re-appointment of Anand Deshpande as the managing director (MD) for a next term of five consecutive years.
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United News of India
7 minutes ago
- United News of India
Odisha Vigilance arrests IAS officer Dhiman Chakma for accepting bribe
Bhubaneswar, June 9 (UNI) Dhiman Chakma, a 2021-batch IAS officer and Sub-Collector of Dharamgarh in Kalahandi, was arrested on Monday by Odisha Vigilance for demanding and accepting a bribe of Rs. 10 lakh from a local businessman. Vigilance officials also recovered Rs. 47 lakh from his official residence during a search operation on Sunday. The IAS officer allegedly demanded a total bribe of Rs. 20 lakh, accepting Rs. 10 lakh as an installment while threatening to take action against the businessman if the payment was not made. With no other option, the complainant reported the matter to the Vigilance authorities. Acting on the complaint, a trap was laid on the night of June 8, and Dhiman Chakma was caught red-handed by a team of Odisha Vigilance in his government quarters at Dharamgarh, taking the bribe from the complainant. The entire bribe amount was recovered from Chakma's possession and seized in the presence of witnesses. Vigilance sources said that both hand-wash tests of Chakma gave positive chemical reactions, confirming acceptance and handling of the bribe money. Following the trap, simultaneous searches were conducted at his government quarters and office chamber in Dharamgarh. During the search, cash amounting to Rs. 47 lakh was unearthed from his residence. As he could not provide a satisfactory explanation for the large sum of money, it was seized. Dhiman Chakma was arrested on Monday and produced before the Vigilance Court in Kalahandi. The Vigilance Cell has registered a case under Section 7 of the Prevention of Corruption (Amendment) Act, 2018, and further investigation is underway. Earlier, Dhiman Chakma joined the Odisha cadre as an Indian Forest Service (IFS) officer of the 2019 batch. After completing his training, he worked as an Assistant Conservator of Forests (ACF) in Baripada, Mayurbhanj, from June 2021. In 2021, after clearing the Civil Services Examination, he was appointed as an IAS officer and assigned to the Odisha cadre. Following his training, he took charge as Sub-Collector, Dharamgarh, Kalahandi, in January 2024 and was serving in this position until his arrest. UNI DP BD
Time of India
15 minutes ago
- Time of India
Solar body urges govt to extend transmission fee waiver for delayed projects
The National Solar Energy Federation of India ( NSEFI ) has urged the government to protect the viability of numerous renewable energy projects facing risks from delays beyond the control of developers, according to a person familiar with the matter. In the letter to the advisor to the Prime Minister's Office, the federation urged that the Inter-State Transmission System (ISTS) charges waiver be extended to projects getting commissioned by June 2026 and meeting a specific criterion relating to connectivity application status, financial closure, land acquisition beyond the 50 per cent threshold, and if orders for equipment have been made. The federation, representing a broad spectrum of stakeholders across the solar value chain, stated that while the ISTS waiver, originally announced by the Ministry of Power (MoP), has played a "pivotal role in making renewable power more competitive", its delayed implementation by the Central Electricity Regulatory Commission (CERC) in February 2023 left many developers in a limbo. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold Container Homes in North Cotabato - Prices You Won't Believe! Shipping Container Homes | Search Ads Search Now Undo Also Read: NTPC Group starts Nokh Solar PV Project, total capacity reaches 80,708 MW ISTS charges are the fees levied for using the transmission infrastructure to move electricity between states. They are imposed to cover the costs relating to building and maintaining transmission lines and other infrastructure required for interstate electricity transfer. According to an energy expert, industry estimates state that renewable energy projects of nearly Rs 5 lakh crore would be impacted if the waiver of ISTS charges is not extended. Live Events "Several RE developers made early investments, securing land, achieving financial closure, and signing definitive agreements based on the original MoP notification," the federation said. However, due to aspects like the nearly two-year lag in CERC's ratification and other uncontrollable factors, these developers are now at risk of missing the commissioning deadline of June 30, 2025, making them ineligible for the waiver. The federation flagged multiple aspects, including prolonged approvals under Section 68(1) of the Electricity Act due to an ongoing Supreme Court case on Great Indian Bustard conservation, delay in transmission planning and connectivity effectiveness, and delayed commissioning of critical transmission infrastructure. "Several developers applied for ISTS connectivity well before June 2023, in line with the ISTS waiver policy timelines. However, the effectiveness dates for granted connectivity are being issued much later, often in 2026 or 2027, due to delays in transmission system planning and execution," the federation said. The federation has proposed a milestone-based eligibility framework for the waiver. It has recommended that projects that had applied for transmission connectivity on or before June 30, 2023, achieved financial closure, acquired at least 50 per cent of the land required for their development, and placed orders for wind turbine generators and/or inverters must be considered for the purpose of availing the ISTS waiver. It argued that the approach is consistent with CERC's regulations and recent Ministry of Power notifications granting waiver flexibility to pumped storage and battery storage projects. "The proposed eligibility criteria will ensure that only serious and committed renewable energy developers, who had factored the ISTS waiver into their project design and commercial commitments, benefit from this extension," the federation said.
Time of India
15 minutes ago
- Time of India
Realty, renewables, roads to see Rs 17.5 lakh cr investment boost
India's real estate sector is undergoing a strategic transformation, led by sustained demand for premium housing and a rising influx of Global Capability Centres (GCCs) in commercial spaces. This realignment is unfolding alongside robust capital deployment, with real estate, renewables, and roads expected to attract cumulative investments of nearly Rs 17.5 lakh crore over this fiscal and the next—marking a 15% annual increase from Rs 13.3 lakh crore in the previous two years, according to Crisil Ratings . In residential real estate, sales and collections remain healthy, but a wave of new launches is pushing up inventory. After touching a low of 2.7 years in FY24, inventory is projected to rise to 2.9–3.1 years this fiscal. Yet, developer revenues are expected to grow at a steady 10–12% annually, underpinned by sustained demand for premium projects. Commercial real estate, buoyed by India's continued cost advantage and steady expansion of domestic sectors, is seeing stable momentum. Net leasing is expected to grow 7–9% this fiscal and the next, with annual demand projected to cross 50 million sq ft by FY27. 'What remains constant across these three sectors is the strong investment growth,' said Krishan Sitaraman , Chief Ratings Officer, Crisil Ratings. 'While adapting to the new business dynamics will pose some challenges, credit profiles of Crisil-rated developers and projects would remain resilient.' While the real estate sector evolves, the renewable energy and roads sectors are witnessing their own shifts. Renewables are moving towards hybrid and storage-linked capacities, with 37% of 75 GW planned additions over two years expected from hybrid sources—up from 14% earlier. Roads, meanwhile, are betting on monetisation, with NHAI's asset base of Rs 3.5–4 lakh crore helping raise its monetisation share from 14% to 18%. However, each sector faces challenges. In real estate, excess supply could lead to higher debt. In renewables, transmission capacity may lag installations. Roads may see monetisation delays due to approval or valuation hurdles. Yet, balance sheets remain healthy. Manish Gupta, Deputy Chief Ratings Officer, Crisil Ratings, said, 'Cumulatively Rs 2.1 lakh crore of equity capital has been deployed in these sectors over the past two fiscals, supporting credit profiles.' With InvITs and REITs strengthening funding frameworks, and strong operating cash flows across sectors, India's infrastructure story is expected to remain resilient, even as global and execution-related risks bear watching.
