Electronic Financial News

Holi, giving investors an extended weekend before trading resumes on Monday, March 17, as per the holiday schedule issued by the National Stock Exchange (NSE) and the BSE. The closure will affect all market segments, including equities, derivatives, securities lending and borrowing (SLB), electronic gold receipts (EGR), and currency trading.

Subscribe to enjoy similar stories. CG Power is riding India’s infrastructure boom. The engineering giant just secured a ₹450 crore contract to supply key components for the Vande Bharat trainsets—pushing its stock higher and solidifying its growing dominance in the railway sector.

Home First Finance is likely to launch a qualified institutional placement (QIP) next week to raise up to ₹1,250 crore, according to people familiar with the development. The development follows Hitachi Energy's successful ₹2,000 crore fundraising earlier this week, breaking a one-month dry spell in QIPs. Home First Finance plans to use the proceeds to expand its loan portfolio and strengthen its asset base. The company had announced in January that additional capital was required to meet its future business goals. Its assets under management, which stood at ₹11,949 crore at the end of December 2024, are targeted to grow to ₹20,000 crore by the end of March 2027.

Indian Air Force. The radar has been indigenously designed and developed by Electronics and Radar Development Establishment of the Defence Research and Development Organisation (DRDO). It is capable of tracking aerial targets from high-speed fighter aircraft to slow moving targets such as unmanned aerial vehicles and helicopters. The defence ministry said acquisition of the radar will significantly enhance the operational preparedness of the Indian Air Force. «As part of the government's efforts to strengthen indigenous defence capabilities, the Ministry of Defence has inked a capital acquisition contract with BEL for the procurement of Low-level Transportable Radar, LLTR (Ashwini) at a cost of Rs 2,906 crore,» an official readout said. The contract was signed in presence of Defence Secretary Rajesh Kumar Singh.

municipal elections began on Wednesday at 8 am and the results will be announced on the same day. Voting for the election took place on March 2 for mayor/president and ward members across municipal corporations, councils, and municipalities.

Indian stock market will remain closed on Friday, March 14, 2025, in observance of Holi, the Hindu festival of colours. Trading will resume on Monday, March 17, following the extended weekend break, as per the holiday calendar issued by the National Stock Exchange (NSE) and the BSE. The closure will impact trading across all major segments, including equity, equity derivatives, securities lending and borrowing (SLB), electronic gold receipts (EGR), and currency derivatives.

Subscribe to enjoy similar stories. The 15th edition of Aero India, a biennial air show and aviation exhibition, concluded earlier this month. Conducted across 42,000 sq m, with more than 900 exhibitors including 150 foreign companies, it was the biggest Aero India to date.

Subscribe to enjoy similar stories. The KTM 390 Adventure was one of the most awaited launches of the year, and finally made its debut in February. Ever since whispers of its imminent arrival were heard, there was considerable excitement in the brotherhood of bikers.

Defence stocks, once the darlings of the market in 2024, are roaring back to life after a brutal correction. The sector, which witnessed a blistering rally last year amid rising global tensions and surging exports, saw a sharp selloff as high valuations, budget disappointments, and profit-booking took hold. Just when investors were questioning the long-term growth trajectory, Europe’s stunning $850 billion defence rearmament plan has flipped the script in Dalal Street’s favour. With Europe scrambling to fortify its military capabilities, Indian defence giants are in prime position to ride this global wave of rearmament.

Bharat Electronics Ltd (BEL) grabbed investor attention on Friday, rising 2.3% to an intraday high of Rs 283.45 on the BSE ahead of its record date for determining the shareholder eligibility for an interim dividend of Rs 1.5 per share. The record date and the ex-date for this purpose is March 11.

Ashwini Vaishnaw, union minister for railways, IT and electronics, and information and broadcasting. He was speaking at The Economic Times Awards for Corporate Excellence on Saturday, where he received the Business Reformer of the Year award.

Subscribe to enjoy similar stories. Investors in Bharat Electronics Ltd (BEL) stock are tracking whether it will meet its FY25 order inflow guidance of ₹25,000 crore. Last week, the public sector defence company said it secured additional orders worth ₹577 crore, bringing the total order inflows in FY25 so far to nearly ₹14,000 crore.

Toyota Hilux Black Edition was launched at an ex-showroom price of ₹37.90 lakh. Like any other black or dark edition models, the Hilux Black Edition also is cloaked in an all-black theme both for the exterior and the interior. The Hilux Black edition was first unveiled at the Auto Expo 2025.

Haier Appliances India looks to become a USD 2 billion sales company in the next 3-4 years on the back of a high double-digit growth powered by expansion in product category and channels, according to a top official. The home appliances maker has earmarked an investment of over Rs 1,000 crore between 2024-2028 to set up new AC Production and Injection Molding Units. It has already ploughed in Rs 2,400 crore in its plants at Pune and Greater Noida so far. With this new plant, Haier India's capacity would increase to 4 million units per annum from the present 1.5 million units, besides increasing domestic value addition. «Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, by 2027 we will have a shortage in capacity.… The new plant will be 2.5 million units,» Haier Appliances India President NS Satish told PTI on Sunday.

Gujarat's Dholera Special Investment Region which is emerging as a semiconductor hub in the state, according to a developer. Recent months have seen a rise in investor visits and land inquiries, fueled by Dholera's vision to become India's semiconductor hub with four of the five semiconductor plants in India being built in Dholera, Aaiji Group Founder and Managing Director Lalit Parihar said. Among fresh proposals, NextGen has signed a memorandum of understanding with the Gujarat government at Gujarat SemiConnect Conference 2025 for setting up a Rs 10,000-crore compound semiconductor fab and optoelectronics facility at Dholera. A tripartite agreement was inked between Tata Electronics, Taiwanese firms PSMC and Himax Technologies for an upcoming semiconductor chip manufacturing facility of the Indian company at Dholera, he said.

Key announcements: Centre for Applied AI for Tech Solutions (CATS)

IRS tax return refund schedule, the expected refund amount, and the new tax brackets of 2025. Everything you need to know Follows.

Subscribe to enjoy similar stories. This week, the new US president addressed the US Congress in what turned out to be the longest speech in history. Apart from talking about immigration, geopolitical conflicts and making America great again, Donald Trump reiterated his strong stance on tariffs.

H-1B visa registration process for the fiscal year 2026 begins today, March 7, 2025, and will continue until March 24, 2025. US employers looking to hire skilled foreign workers in fields such as IT, healthcare, and engineering must complete the registration process within this period. The US Citizenship and Immigration Services (USCIS) has introduced major changes this year, including a significant fee hike and a beneficiary-centric selection process.

The NSE Nifty index was trading 54.3 points up at 22599.0, while BSE Sensex was up 139.61 points at 74479.7 at the time of writing this report.

Electronics City elevated expressway from 11 pm to 6 am starting Wednesday until further notice. According to traffic police, the National Highways Authority of India (NHAI) will conduct maintenance work on the expressway beginning on the night of March 5.