Namaste! Aaj ka news roundup, Newswala style!

MARKETS

Markets: The market dropped for the second consecutive week, losing over 3% in two weeks. Nifty IT took the biggest hit, falling 6% this week and marking its largest weekly decline in nearly a year.

TOP STORIES

Adani Energy Solutions Shocks the Industry

What Happened?

Adani Energy Solutions (AESL) has turned up the voltage! The company bagged two mega transmission projects in Rajasthan, boosting its order book to a whopping ₹54,700 crore—more than triple the ₹17,000 crore it had in April 2024. The showstopper is the ₹25,000 crore Bhadla-Fatehpur HVDC project, now the company’s biggest win.

• With these new projects worth ₹28,455 crore, AESL’s market share in transmission bids surged to 24% this quarter.  
  

Why it matters

This is more than just a numbers game. AESL’s growth is powering India’s energy dreams, adding 1,000+ circuit kilometres of transmission lines this quarter. They now boast 26,485 circuit kilometres of network and a transformation capacity of 84,286 MVA. 

In Mumbai, power sales rose by 3% to 2.57 billion units, while Mundra’s sales surged 30%—a number high enough to make your local electricity bill blush.

•  AESL also plans to roll out 10 million smart meters by FY26, because, let’s face it, those manual meters aren’t cutting it anymore.

Zoom out

With analysts predicting 16% revenue growth and 62% profit growth by FY27, AESL is lighting up the competition—literally. Sure, challenges like interest rates and market share risks exist, but with ₹54,700 crore in orders, the company is clearly high on energy (renewable, of course).

PAISON KA KHEL

Purabi Dairy surpasses 2 lakh litres in sales

Purabi Dairy hit a major milestone during the Magh Bihu festival, selling over 2 lakh litres of milk and dairy products, marking a 35% increase from last year. Curd sales soared by 70%, while cream sales grew by 40%. To meet rising demand, the cooperative inaugurated its fifth milk booth in Guwahati and plans to open ten more booths across Assam.

The popularity of Purabi products, especially flavoured milk, which is now available at over 2,500 sales points, shows the growing trust in its freshness and quality. 

The ₹11,440 crore RINL comeback

The Centre has rolled out a ₹11,440 crore revival package for the struggling Rashtriya Ispat Nigam Ltd (RINL). By January 2025, two blast furnaces at the Visakhapatnam Steel Plant (VSP) will roar back to life, with a third joining by August.

The package includes a ₹10,300 crore equity infusion and a ₹1,140 crore loan conversion to preference shares, keeping RINL afloat. This move isn’t just about steel—it’s about jobs, market stability, and Andhra Pradesh’s industrial pride. As they say, strike while the iron’s hot—or in this case, while the furnace is warming up!

TOP STORIES

Government Considers Strategic PSU Status for BHEL

What Happened?

Bharat Heavy Electricals Ltd (BHEL) might soon earn a shiny new title: “strategic” public sector unit (PSU). This means no more talk of selling stakes—it’s a “not-for-sale” sign for one of India’s industrial powerhouses. A parliamentary committee suggested the move, praising BHEL for its role in nuclear power, renewable energy, and even making Vande Bharat trains.

BHEL bagged orders worth ₹78,000 crore in FY24, a jaw-dropping jump from ₹23,548 crore the year before. 

Why It Matters

If BHEL gets this strategic status, it secures its place as a national champion, free from privatisation whispers. Plus, the company plays a starring role in India’s energy and infrastructure ambitions. Its coal-fired power plant orders are steaming ahead, securing 9.6GW and a 100% market share in FY24.

But wait, there’s more! BHEL is also helping India aim for 500GW of non-fossil energy capacity by 2030. And let’s not forget the defence sector, where it’s supplying 20 rapid-fire naval guns. From trains to turbines to torpedoes—this company does it all.

Wait, there’s more 

BHEL isn’t just another PSU; it’s a symbol of India’s industrial strength. With ₹1.6 trillion in orders and a booming renewable and defence portfolio, it’s clear why it deserves this strategic tag.

So, is BHEL getting the ultimate VIP pass? All signs point to yes. And let’s be honest—when a company powers your trains, lights your homes, and defends your borders, you ought to praise it.

GLOBAL NAZARA

Stocks surge as Dow and S&P 500 post big gains

Stocks saw a strong rally on Friday, with the Dow Jones up by 334.70 points (0.78%) to 43,487.83. The S&P 500 also climbed 1% to 5,996.66, and the Nasdaq gained 1.51% to 19,630.20. Tech stocks led the charge, with Tesla, Nvidia, and Alphabet all posting solid gains.

For the week, the Dow surged 3.7%, and the S&P 500 gained 2.9%, marking their best weekly performance since November 2024. Positive inflation data and strong earnings from major banks boosted investor sentiment, shaking off the January blues. 

Welspun joins hands with Saudi Aramco

Welspun Corp has teamed up with Saudi Aramco to set up a massive pipe manufacturing facility in Dammam’s 3rd Industrial City, Saudi Arabia. The plant will churn out 350,000 metric tons of Longitudinal Submerged Arc Welded (LSAW) pipes annually and is expected to start operations by mid-2026.

This partnership isn’t new—Welspun has been Aramco’s trusted ally for nearly 20 years, working on key oil and gas projects. With this new venture, they’re ready to support the future of energy, from hydrogen pipelines to carbon capture. 

TOP STORIES

SBI Life Posts Blockbuster Profit Growth

What Happened?

SBI Life Insurance had a great quarter! The company’s net profit for Q3FY25 jumped by a massive 71.2% to ₹550.82 crore, compared to ₹321.75 crore in Q3FY24. On a lighter note, that’s like your savings account suddenly finding an extra zero. Compared to the last quarter, profits rose 4% from ₹529.42 crore.

Premium income also grew nicely. It reached ₹24,828 crore, up 11% year-on-year and 22% from the previous quarter. Renewal premiums were the star, growing 14% from last year to ₹14,468 crore. Meanwhile, single premiums stayed solid at ₹4,079 crore.

Why It Matters

Such a big profit increase is impressive. SBI Life’s 23% growth in renewal premiums shows that customers are sticking around. The steady demand for single premiums shows how reliable SBI Life’s products are. While new business premiums grew only 1% in nine months, the strong 15% rise in renewal premiums makes up for it.

Plus, investors loved the news. 

• The stock price climbed 2.7% after the announcement, hitting ₹1,555.55. 
  
  

• It’s still 20% away from its all-time high of ₹1,935 in September 2024, but it has gained 19% since its 52-week low of ₹1,307 in June. 
  
  

Zoom out

SBI Life Insurance is clearly on a winning streak. With profits soaring and premiums growing, the company is proving that life insurance isn’t just about safety—it’s also about making money.

And hey, if their profits keep growing like this, maybe we should all start renewing our own premiums more often. After all, everyone loves a good comeback story, especially one with crores involved!

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