Author: oharipadanam

According to two government sources, India is expected to loosen limits on Chinese investment in non-sensitive industries like solar panels and battery manufacture, where New Delhi lacks experience and which promotes local manufacturing.

2020: Amidst military concerns along the distant Himalayan frontier, India increased its inspection of investments from Chinese enterprises. According to one of the officials, who wished to remain anonymous, the government intends to remove areas from government oversight that it believes are less sensitive from a security standpoint for Chinese investment.

The plans mark a first step in improving economic ties between the two neighbors, a relationship that worsened after border clashes in 2020. The official said restrictions on Chinese investments in sectors such as electronics and telecom would continue. The prime minister’s office, foreign, finance, home and trade ministries did not respond to requests for comment.

Defence ministry’s ₹70,000 crore approval for Project 17B warships boosts MDL’s Kalvari class submarines, Project 15B destroyers, and GRSE’s patrol vessels and exports. MDL and GRSE, constructing Nilgiri class under Project 17A, will split the order for quicker delivery. Stealth frigates feature Brahmos missiles, anti-submarine weapons, and indigenous electronic warfare systems

Geojit Financial Services’ shares increased by as much as 11.20 percent on Monday, reaching a new 52-week high of Rs 117.90 a share.
The company recorded a 107% year-over-year increase in net earnings to Rs 45.81 in the first quarter of the fiscal year 2024–25, which sent the share price skyrocketing. The business reported a net profit of Rs 22.08 crore for the same quarter.

From Rs 115.98 crore in the June quarter of FY 25 to Rs 181.18 crore in the equivalent period of the previous year, the company’s consolidated revenue increased by 56% YoY. However, in Q1FY25, revenues fell 13% sequentially.

In Q1FY25, the firm reported earnings before interest, tax, depreciation, and amortisation of Rs 77.03 crore, up 94% YoY from Rs 39.63 in the corresponding quarter the previous year.
The corporation has approximately 1.41 million clients as of June 30, 2024, and its assets under custody and management (AUM) were valued at Rs 1,03,350 crore.
The business also said that the proposal for collecting funds up to Rs 200 crore through the rights-issue of equity shares to the company’s eligible equity shareholders has been authorized by the board of directors. Which will be revealed at a later time, is the record date.