Latest news with #AdityaBhagchandani
Business Upturn
17 minutes ago
- Business
- Business Upturn
Kaveri Seeds, Dhanuka Agritech, Mangalam Seeds in focus as cabinet likely to clear PM Dhan Dhanya Krishi Yojana for 100 low-productivity districts
By Aditya Bhagchandani Published on July 16, 2025, 10:55 IST Shares of Kaveri Seed Company, Dhanuka Agritech, and Mangalam Seeds were in focus on Tuesday, trading higher as reports suggested the Union Cabinet is likely to approve the PM Dhan Dhanya Krishi Yojana aimed at boosting farm productivity in 100 low-productivity districts. KAVERI SEEDS, DHANUKA AGRI , MANGALAM SEEDS IN FOCUS CABINET IS LIKELY TO APPROVE PM DHAN DHANYA KRISHI YOJANA FOR 100 LOW-PRODUCTIVITY DISTRICTS — RedboxGlobal India (@REDBOXINDIA) July 16, 2025 At around 10:50 AM, Kaveri Seeds was trading at ₹1,159, up 0.38%; Dhanuka Agritech stood at ₹1,725.80, up 1.21%; and Mangalam Seeds rose 0.57% to ₹175. These gains come amid optimism around the expected policy announcement. The plan, first outlined in the Union Budget on February 1, 2025, seeks to benefit around 1.7 crore farmers by enhancing crop productivity, improving irrigation facilities, and strengthening both long-term and short-term credit access. The scheme is designed to integrate existing initiatives and target districts with low yields, poor sowing patterns, and weak credit metrics. According to the February release, the scheme's key objectives include promoting diversified and sustainable farming practices, expanding storage infrastructure at the panchayat and block levels, and increasing the availability of climate-resilient seeds. Further, the program aims to facilitate skill development, investments, and technology adoption in rural areas to create employment opportunities, reduce migration, and enhance farmers' income. Finance Minister Nirmala Sitharaman had noted then that the scheme would specifically assist small and marginal farmers, rural women, and landless families by fostering modernisation, encouraging enterprise development, and ensuring fair prices for produce. With the Cabinet now reportedly set to give the formal go-ahead, agri-input and seed companies stand to gain from higher demand for quality seeds, irrigation products, and farm advisory services as the scheme is implemented in the identified districts. Investors will closely watch for the official announcement and further details on implementation timelines and budgetary allocation. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
18 minutes ago
- Business
- Business Upturn
Premier Explosives shares in focus after winning Rs 105 crore export order for defence explosives
By Aditya Bhagchandani Published on July 16, 2025, 11:28 IST Shares of Premier Explosives Ltd were in focus on July 16 after the company announced securing an export order worth approximately ₹105 crore (USD 12.24 million) for manufacturing and supplying defence explosives to an international client. In a regulatory filing with the NSE and BSE, the company stated that the order involves the manufacture and supply of defence explosives, to be executed within a period of 12 months. This order is entirely international, and no related-party interest exists, according to the disclosure. This significant order highlights the company's strong foothold in the global defence explosives market and reinforces its manufacturing capabilities. Premier Explosives, headquartered in Secunderabad, is a key player in the production of solid propellants, high-energy materials, and explosives catering to defence and space sectors. Investor sentiment turned positive on the back of this export win, as the order size represents a substantial addition to the company's order book. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
18 minutes ago
- Business
- Business Upturn
Jio Financial Services: Jio BlackRock gets SEBI approval to launch 4 passive funds
By Aditya Bhagchandani Published on July 16, 2025, 11:04 IST Jio Financial Services, through its joint venture Jio BlackRock, has secured approval from the Securities and Exchange Board of India (SEBI) to launch four passive mutual fund schemes, according to official Scheme Information Documents reviewed. The approved schemes are: Jio BlackRock Nifty 8-13 yr G-Sec Index Fund — tracking the Nifty 8-13 year Government Securities Index Jio BlackRock Nifty Smallcap 250 Index Fund — tracking the Nifty Smallcap 250 Index Jio BlackRock Nifty Next 50 Index Fund — tracking the Nifty Next 50 Index Jio BlackRock Nifty Midcap 150 Index Fund — tracking the Nifty Midcap 150 Index These are all open-ended index funds designed to passively replicate the respective benchmarks with minimal tracking error, offering investors exposure to equity and debt segments of the Indian market. The approvals mark a significant milestone for Jio BlackRock, which was formed as a partnership between Reliance's Jio Financial Services and BlackRock, the world's largest asset manager. With these funds, the JV aims to tap into India's rapidly growing mutual fund industry, offering low-cost, transparent, and benchmark-aligned investment options. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
18 minutes ago
- Business
- Business Upturn
Raminfo wins Rs 14.14 crore Tripura government contract to build ‘UNNOTI' citizen services platform
By Aditya Bhagchandani Published on July 16, 2025, 10:29 IST Shares of Raminfo Limited are in focus today after the company announced it has secured a ₹14.14 crore contract from the Government of Tripura to develop and maintain the 'UNNOTI' citizen services platform, under the Tripura Rural Economic Growth & Service Delivery Project (TRESP). The project, awarded by the Directorate of Information Technology, aims to transform public service delivery in Tripura by creating a unified, secure, and scalable digital platform connecting more than 60 government departments and 300+ schemes. The initiative is expected to directly benefit over 41 lakh citizens, improving access to faster, transparent, and integrated government services. Raminfo will act as the system integrator, responsible for the end-to-end development, deployment, and maintenance of the platform for 26 months post-deployment. The system will also include a citizen portal, service dashboards, and mobile apps, with a focus on eliminating repetitive data submissions through the 'Ask Data Once' principle. The company highlighted that UNNOTI reflects the government's vision of 'Ease of Living', empowering citizens and streamlining governance through technology. L. Srinath Reddy, Managing Director of Raminfo, said: 'This award strengthens Raminfo's leadership in the e-Governance space. UNNOTI is not just another technology platform — it's a citizen-centric initiative designed to empower the people of Tripura through inclusive digital transformation.' About Raminfo Raminfo is a BSE-listed company (Scrip Code: 530951) with 30 years of experience in delivering technology solutions across sectors like e-governance, fintech, healthcare, smart energy, IoT, and analytics. The company has been a technology partner for several government-led digital initiatives across India and continues to expand its footprint, particularly in the Northeast region. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
2 hours ago
- Business
- Business Upturn
Plastiblends shares fall over 2% today as Q1 net profit drops 18% YoY to Rs 8.92 crore
By Aditya Bhagchandani Published on July 16, 2025, 09:48 IST Shares of Plastiblends India Ltd declined by over 2% on Wednesday, July 16, trading at ₹201.00 at 9:41 AM on NSE — down ₹4.35 from the previous close of ₹205.35 — after the company reported weaker Q1 FY26 earnings, with both revenue and profit slipping compared to last year. The stock traded between ₹200.95 and ₹204.20 during the session, with a market capitalization of about ₹5.23 billion and a P/E ratio of 15.62. Its dividend yield stood at 1.24%, and the average trading volume was around 3,320 shares. Q1 FY26 financial performance For the quarter ended June 30, 2025, the company posted a net profit of ₹8.92 crore, down 17.71% YoY from ₹10.84 crore in Q1 FY25. Revenue from operations fell 5.65% YoY to ₹199.62 crore compared to ₹211.57 crore a year earlier. Total income also declined by 5.53% YoY to ₹202.14 crore from ₹213.98 crore. Total expenses dropped 4.58% YoY to ₹190.25 crore, but the reduction wasn't enough to offset the fall in revenue, weighing on overall profitability. On Tuesday, despite the results, the stock closed slightly higher at ₹203.75, gaining 1.80%. However, the stock has been under pressure in recent months, losing about 38.25% over the past year and over 21% year-to-date. Company overview Plastiblends India, part of the Kolsite Group, is a leading Indian manufacturer and exporter of colour and additive masterbatches and thermoplastic compounds, serving industries like agriculture, appliances, and packaging. Investors reacted to the muted earnings performance by pushing the stock lower in Wednesday's session. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
