The share price of Reliance Infra shoots up by 5 percent after it announces a bond with the company that produces Rafale jet Dassault Aviation

 

The share price of Reliance Infra shoots up by 5 percent after it announces a bond with the company that produces Rafale jet Dassault Aviation

The share price of the Reliance Infra moved up by a high margin of 5 per cent on Thursday to 404 per share on National Stock Exchange after the enterprise declared a strategic tie with French aerospace major Dassault Aviation.

Company shares headed by Anil Ambani were opened at 309.50 Indian Rupee as against the previous close of 386.50 Indian Rupees. Reliance infra shares has rewarded its investors with an excellent increase by rising above 44 per cent in a month and almost 37 per cent in six months even in a developing market.

Reliance Infra- Dassault Aviation deal

Reliance Infra's subsidiary company Reliance Aerostructure, will partner with Dassault to produce Falcon 2000 business jets domestically in India.

This is the first time when Dassault will be building its Falcon plane outside France. This milestone will make India one of the few countries to manufacture business aircrafts in the world following only US, France, Canada and Brazil.

India has project to produce the first Falcon 2000 aircraft by 2028 that would fulfill both corporate and military needs.

The agreement, unveiled at the Paris Air Show, involves setting up final assembly line at Dassault Reliance Aerospace Limited (DRAL) located in Nagpur, Maharashtra. The facility will serve as a centre of excellence world wide with the Falcon series and also this facility will also be supporting future assembly projects of the Falcon 6X and 8X.

As per the agreement, Dassault Reliance Aerospace Limited (DRAL) will install an ultra modern final assembly facility of the Falcon 2000 aircraft in Nagpur in the state of Maharashtra that is a joint venture between Dassault and Reliance Aerospace. The facility will equally act as a Centre of Excellence (CoE) to Dassault Falcons, to facilitate future assembly programmes of the Falcons such as Falcon 6X and Falcon 8X.

 Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

Siemens Energy debuts at Rs 2,840; Market capitalization jumps to more than Rs 1 lakh crore

 

Siemens Energy debuts at Rs 2,840; Market capitalization jumps to more than Rs 1 lakh crore

Siemens Share Price: The shares of Siemens Energy India Ltd (SEIL) opened a special session of the scrip at Rs 2,840 on Thursday

Siemens Energy Share Price: Siemens Energy India Ltd (SEIL) shares opened special at Rs 2,840 on Thursday, June 19, 2025, and the listed company got a market cap of Rs 1.01 lakh crore. Demerger of the company with Siemens Ltd was made on April 7, 2025, and prior to it, the company was valued at Rs 2,368.8 per share.

Siemens Ltd had confirmed in a regulatory filing on June 18 that SEIL had the clearances of both the BSE as well as the NSE to be listed and trade its equity shares since June 19. The stock will be traded under the scrip ID ENRIN under the group labeled T which prevents intraday trading and also where the price moves within a 5 percent circuit on the first 10 sessions.

SEIL has become the biggest listed pure-play power transmission and distribution (T&D) company in India surpassing other competitors like Hitachi Energy and GE Vernova. In a demerger process, Siemens Ltd shareholders were issued SEIL shares with 1 to 1 ratio.

SEIL targets the transmission and distribution sub sector and small turbines and has been in a good position to leverage on the development of the energy sector in India. Margins recorded an improvement even in the initial 5 months in FY25, according to Motilal Oswal Financial Services. The brokerage anticipates a 25% revenue CAGR and 31% PAT CAGR between FY25 and FY27, whereas the EBITDA margins would increase to 21.4% in FY27. It has called an FY27 multiple of 60x, buying it 1,000 at 3,000 and resumed the coverage with a Buy rating.

HDFC Securities followed suit, pointing to the fact that SEIL has a good spot in decarbonization, power generation, automation of the grid, and clean energy solutions, including green hydrogen and battery storage. It added that Siemens energy has been consistent in providing good margins with a 22.6 EBITDA in H1FY25. HDFC has also recommended a buy call with target of Rs 3,000, on 60x Sep-27 estimated earnings.

Earlier, Jefferies had estimated a listing price of between Rs 2,995 to Rs 3,711, stating that SEIL had the potential of trading in the range of a 60x P/E on March 2027E EPS, slightly higher than the non-energy companies at Siemens Ltd. At its base case, its target price is Rs 3,350.

Nonetheless, brokerages warned of possible threats such as a decline in order inflows, supply chain issues, a rise in fixed expenses, and potential weakness in the capex cycle that would wipe out profits.

After getting the approval of SEBI, Jio blackRock mutual fund introduces the Aladdin platform.

 

After getting the approval of SEBI, Jio blackRock mutual fund introduces the Aladdin platform.

Jio BlackRock Mutual Fund, a 50:50 joint venture (JV) between Jio Financial Services and BlackRock, has launched Aladdin, BlackRock advanced investment analytics and risk management platform in India after SEBI has approved the launch of the same in India.

BlackRock last month was authorized by SEBI to manage assets as Jio BlackRock Mutual Fund and on Monday it launched Aladdin, special software made by BlackRock that makes investment analysis and risk management.

Jio BlackRock Asset Management Pvt Ltd Jio BlackRock Asset Management is a joint venture between Jio Financial Services Ltd (JFSL) and the US firm BlackRock.

On its X platform, the company stated that investing ought to be easy and accommodate personal requirements. It is this concept that united Jio Financial Services and BlackRock. They combined Jio digital-first philosophy and BlackRocks experience in the international market, to create products that Indian investors desire.

Aladdin is the 1st one and unique investment and risk tool of blackrock which is now available in India.

The company explained that this is only the beginning of their mission to transform investing making it simple and super cheap. They referred themselves as Jio BlackRock Mutual Fund.

SEBI provided registration in May 26, 2025 to Jio BlackRock Mutual Fund and authorized Jio BlackRock Asset Management Pvt Ltd to operate the fund.

Prior to that, on October 29, 2024, the company had incorporated two new companies- Jio BlackRock Asset Management Pvt Ltd and Jio BlackRock Trustee Pvt Ltd to operate the mutual fund business pending regulatory approval.

Mahindra XUV700 facelift is being tested, with the first big update since 2021

 

Mahindra XUV700 facelift is being tested, with the first big update since 2021

The initial significant leap since its 2021 launch is provided with renewed styling and an additional number of technology features.

The XUV700 has been in the market since the end of 2021, but Mahindra is working on the first massive update of this amazing car.

The first glimpse of a test model of the facelifted SUV has now been noticed and it is covered in camouflage and has gone out to test in a rural area with hilly terrain.

What’s Changing on the Outside?

While the overall design remains familiar, some clear changes can be seen:

·     New LED Headlamps: The present smooth lights were taken over by the round-shaped LED light.

·     Daytime Running Lights (DRLs): The previous C-shaped DRLs are a thing of the past. The round headlights have now LED rings, that will possibly act as DRLs.

·     Modernised Grille: The newly designed grille has additional slats.

·     Sharper Air Dam: The bottom bumper looks to receive a thinner air intake.

alike appearance: There is probable that alloy wheels, tail lights and side profile will remain the same.

Financial Express adds that two of the strangely-looking auxiliary lights captured in the spy shots are probably only meant as testing purposes and will not be part of the final product.

Tech and Feature Upgrades on the Cards

Mahindra can do little to improve the features, but it can include more creature comforts to remain ahead.

·     Rear and front ventilated seats

·      Three screens throughout the dashboard

·      Dolby Atmos sound system by Harman upgraded

·     NFC Tech digital key

The most likely scenario with engine possibilities is that nothing will change.

There will be no significant mechanical modifications underneath the bonnet. The facelifted XUV700 is going to most likely carry on with the same engine options:

·     2.0-litre turbo petrol (mStallion)

·     2.2-litre diesel (mHawk)

They will both have 6-speed manual and 6-speed automatic transmission. The high-performance diesel model will still have an all-wheel drive (AWD).

Launch Timeline

While Mahindra hasn’t confirmed an official launch date yet, the testing phase suggests the facelifted XUV700 could arrive in showrooms later this year.

TCS New Bench Policy will limit the annual bench period to 35 days:What TCS Grade Changes Mean to Employees

TCS New Bench Policy will limit the annual bench period to 35 days:What TCS Grade Changes Mean to Employees

Tata Consultancy Services (TCS) has come up with a new associate deployment policy under which bench time is limited to 35 business days

Tata Consultancy Services (TCS) has also implemented an improved associate deployment policy thus limited to bench 35 days in a year and employees must be deployed in at least 225 billed days every year. The new rule stipulates that, effective June 12, it seeks to improve the use of workforce and match individual effort with organisational objectives

Discussed by Chandrasekaran Ramkumar, the global head of the TCS Resource Management Group (RMG), the update states that extended unassigned stints may have adverse impact on compensation, career developments, overseas assignment, and even eligibility in the employment of the firm.

Other associates who are not assigned on current projects are supposed to approach RMG actively in search of alternatives. They should spend 4-6 hours daily during the bench period with the upskilling program like iEvolve, Fresco Play, VLS, and LinkedIn, go through mandatory training, and polish up by utilizing the Gen AI interview coaching bot that the company provides.

Physical office presence has become a communal requirement in order to deploy faster. Work-at-home or flexible works are not welcome in general to be done, but it must be exceptional case subject to RMG approval

The change affected Tata Consultancy Services (TCS), which, earlier in January, changed its work-from-office (WFO) policy to include harsher rules regarding the exception requests. As a company communication, referenced by The Times of India, reveals, the situation is now different with workers in India able to invoke personal emergencies to support up to six WFO exceptions every quarter. Unused exception days can however not be transferred to the next following quarter however

To handle similar logistic problems, such as space limitations, TCS has also enabled employees to request as many 30 exception days in a row (or as many as 90 days in total) at once, which enables a more flexible approach to short-term remote work arrangement planning.

Moreover, TCS has cautioned against recurring short term projects allotment where it mentions that HR inquiry and disciplinary action may be involved.

Sterlite Technologies stocks gain 50 percent in five trading days since introduction of AI powered data centre service proposals

 

Sterlite Technologies stocks gain 50 percent in five trading days since introduction of AI powered data centre service proposals

Sterlite Technologies Ltd shares continued its defiance of the gravity to rise the second straight session at higher levels despite the muted trading mood in the market on Tuesday, June 17.

At 11.45 am, the stock of the company was trading at an upper of 114.1 per share, up by 14.8 percent in the NSE, against its intraday high of 119.2. The stocks of the firm have increased 50 per cent in the previous five sessions.

Sterlite Technologies is also betting big on growing artificial intelligence (AI)-based data centre market, including its plan to go overseas. On June 16, the optical and digital solutions company reported it introduced a new generation of the end-to-end of data centre solutions portfolio - advanced cabling to full-stack connectivity solutions.

According to a press release by the firm, the new-age solution is designed to address the needs of the hyperscalers, colocation players, enterprises, and telecom service providers to build an agile, scalable, and sustainable Data Centre infrastructure as per its specifications.

The release added, "By introducing this, STL can fill this gap to the core by bringing its 30+ years leadership in the Optical network connectivity."

Currently, this segment contributes 20 percent to the revenue but on the enterprise side. This is something that STL is looking to change more and more to the data centre segment, said Agarwal.

 Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

Oswal Pumps IPO gets off to sluggish begin; subscription stands at 6%, GMP declines to 11%

Oswal Pumps IPO gets off to sluggish begin; subscription stands at 6%, GMP declines to 11%

Oswal Pumps IPO subscription status Day 1: The initial shares offering (IPO) of Oswal Pumps opened subscription today, June 13, 2025. The mainline IPO has got off to a slow begin with the issue getting subscribed just 6 per cent till 11 AM on Day 1, as per data available on National Stock Exchange (NSE).

The tranche allocated to retail investors and non-institutional investors (NIIs) was subscribed about 9 per cent each. The qualified institutional buyers (QIBs) had, however, no bids so far.

On Thursday, ahead of the IPO, Oswal Pumps mopped up 416.20 crore through anchor investors. To the exchanges, the company sent a notice that it had distributed 6.77 million equity shares at 614 per share to anchor investors. Part of the marquee institutions that invested in the anchor round are Societe Generale, BNP Paribas, ICICI Prudential, Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Motilal Oswal MF, Bandhan Small Cap Fund, Nuvama MF, Sundaram MF, Amundi Funds, 360 One and Edelweiss Life Insurance among others.

Oswal Pumps IPO grey market premium (GMP)

As per the sources which monitor unofficial market operations, unlisted stocks of Oswal Pumps were being traded at 685 a share with a grey market premium (GMP) of 71 or 11.5 per cent above the upper band price of 614. Though, in the grey market, it was selling at a premium of 83 or 13.5 per cent on Thursday.

Oswal Pumps IPO review

Analysts have advised people to subscribe to the issue at long term level. The analysts at SBI Securities said the company has an order book of 1,100, or 80 per cent of its annualised revenue in the first nine months of fiscal 202425 (FY25). Moreover, a additional bid pipeline of 3,200 crore keeps decent visibility of growth. Nevertheless, its dependence on government projects and policies along with the cash flow delays may become its possible overhand.

Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.