Jaspreet Singh

The government has approved defense proposals worth ₹54,000 crore. 🔸 In addition, it has also cleared Acceptance of Necessity (AoNs) for several projects amounting to over ₹54,000 crore. 🔸Major procurements include: Varunastra torpedoes for the Indian Navy 1,350 HP engines for T-90 tanks for the Indian Army Airborne Early Warning & Control (AEW&C) aircraft systems for the Indian Air Force 🔸Key beneficiaries: Bharat Dynamics (BDL) : Manufacturer of Varunastra torpedoes DRDO & BEML : Developing indigenous 1,350 HP engines for T-90 tanks Embraer (Brazil) : Supplier of AEW&C aircraft, with critical systems like radars and communications integrated domestically by Bharat Electronics (BEL), Astra Microwave, and Data Patterns

After Airtel, Reliance Jio to partner with SpaceX to bring Starlink internet to India According to a statement issued by Jio, the company will make Starlink solutions available through its retail outlets as well as through its online storefronts. The agreement is still subject to SpaceX receiving its own authorizations to sell Starlink in India.

🏦 Federal Bank’s Bold Roadmap Under New Leadership! 🔸 Market Cap: ₹43,806 Cr 🔸 CMP: ₹178.40 🔸 Target Price: ₹225 🔽 Strategic Vision It aims to be among India’s Top 5 private banks, expanding its balance sheet at 1.5x GDP growth and branch network to 2,000 by FY28E. 💰 Financial Boost 🔸 RoA: 1.2% → 2.2% | RoE: 13.1% → 16% 🔸 CASA: 30% → 36% | NIM: 3.13% → ~4.38% 🔸 Focus on higher-yielding unsecured credit 🔄 Diversification & Expansion 🔸 Growth in MFI, AMC, Wealth Mgmt., Housing, Investment Banking & reduced reliance on partner-sourced credit cards (70% → 55%). ⚠️ Execution remains key for valuation upgrades!

🔸 News Update 🔸 Tata Power has signed an MoU with the Assam Government to develop 5000 MW of renewable and clean energy with an investment of ₹30,000 crore. As part of this agreement, Tata Power will also scale up rooftop solar adoption under the PMSGY scheme. 🔸 Our View 🔸 Tata Power, one of India’s largest power companies, aims to achieve carbon neutrality by 2045. This MoU will accelerate its renewable energy capacity expansion and strengthen its position in the rooftop solar EPC segment.

📢 PhonePe Gears Up for IPO! 🚀📈 💳 Walmart-owned PhonePe has begun preparations for its Indian stock market debut, making it the latest tech unicorn to join the IPO wave! 🏦📊 🔹 India’s largest UPI player 📱 (48% market share) 🔹 Reported ₹5,064 Cr revenue in FY24 (+73% YoY) 📈 🔹 Profit turnaround with ₹197 Cr PAT vs ₹738 Cr loss last year 💰 🔹 NPCI’s UPI market cap rule remains a key factor 🤔 📅 With strong growth & profitability, PhonePe is set to make waves in India's fintech IPO space! 🚀💼

📢 PhonePe Gears Up for IPO! 🚀📈 💳 Walmart-owned PhonePe has begun preparations for its Indian stock market debut, making it the latest tech unicorn to join the IPO wave! 🏦📊 🔹 India’s largest UPI player 📱 (48% market share) 🔹 Reported ₹5,064 Cr revenue in FY24 (+73% YoY) 📈 🔹 Profit turnaround with ₹197 Cr PAT vs ₹738 Cr loss last year 💰 🔹 NPCI’s UPI market cap rule remains a key factor 🤔 📅 With strong growth & profitability, PhonePe is set to make waves in India's fintech IPO space! 🚀💼

IT & Tech Industry Updates 🔸 Indian IT has an opportunity to enhance workforce productivity and revenue generation potential with AI and automation. India’s AI talent demand is expected to more than double to over 1.25 mn by 2027 from 600,000 in 2024. 🔸 TCS partners with MassRobotics to foster robotics innovation across retail, travel, and consumer sectors. It has an on-site presence at the Boston hub to collaborate with startups and researchers. 🔸 MapmyIndia (Mappls) launched 9 regional language maps & voice navigation on its flagship Mappls App for its 30MN+ users, covering the entire country. 🔸 Happiest Minds launches GenAI Research Companion to optimize workflows, enhance productivity & strengthen data security. 🔸 Hewarare Technologies IPO debuts with a 6.6% premium at ₹754 (issue price ₹708). Market cap at ₹46K Cr (~$5.3B).

IT & Tech Industry Updates 🔸 Indian IT has an opportunity to enhance workforce productivity and revenue generation potential with AI and automation. India’s AI talent demand is expected to more than double to over 1.25 mn by 2027 from 600,000 in 2024. 🔸 TCS partners with MassRobotics to foster robotics innovation across retail, travel, and consumer sectors. It has an on-site presence at the Boston hub to collaborate with startups and researchers. 🔸 MapmyIndia (Mappls) launched 9 regional language maps & voice navigation on its flagship Mappls App for its 30MN+ users, covering the entire country. 🔸 Happiest Minds launches GenAI Research Companion to optimize workflows, enhance productivity & strengthen data security. 🔸 Hewarare Technologies IPO debuts with a 6.6% premium at ₹754 (issue price ₹708). Market cap at ₹46K Cr (~$5.3B).