Buzzing Stocks: Shriram Finance, DLF, Jindal Steel, Cochin Shipyard, RVNL, Hero MotoCorp, and others in news.

Shriram Finance

For ₹4,630 crore, US-based Warburg Pincus announced its biggest transaction in India by acquiring a controlling share in Shriram Housing Finance Ltd (SHFL). Through its associate Mango Crest Investment Ltd., Shriram Finance Ltd. (SFL) and other sellers were obtained. The transaction will be expected to be finished by February 7, 2025.

Top Five Credit Score Improvement Factors

To have access to a variety of credit options and maintain financial security, one must maintain a high credit score. An individual’s creditworthiness is shown by their credit score, which is a major factor in deciding financial terms such as interest rates and loan approvals. Understanding the significance of credit scores, Shriram Finance, a reputable financial organization in India, provides a range of credit solutions to assist people in raising their ratings.

A reliable companion on your path to sound financial management is Shriram Finance. Choose Shriram Finance for high-yielding loan and deposit options if you’re looking for financial solutions to meet your personal or corporate needs.  We provide a variety of loans, such as business, personal, commercial, used, two-wheeler, and automobile loans. We provide fixed deposit programs in addition to fixed investment options.

The top five elements for raising credit score will be discussed in this post. We’ll talk about the components of your credit score, the variables that influence it, and the steps you may take to raise it. thereby improving your credit standing. In addition to having an ideal credit utilization percentage, you also need to have a solid payback history and a decent mix of credit.

A credit score: what is it?

Your creditworthiness is represented numerically by your credit score. Your credit ratings are kept up to date in India by credit bureaus like the Credit Information Bureau of India Ltd. (CIBILTM). In India, a good credit score is defined as 750 or more. Credit scores vary from 300 to 900. These ratings are frequently used by lenders to evaluate borrowers’ propensity to repay their debts.

A Few Adverse Factors Can Impact Your Credit Score

One’s credit score might be adversely affected by a number of things. In order to properly work toward increasing one’s creditworthiness, it is vital to grasp these elements.

Inappropriate Credit use: The ratio of authorized credit limit to use is known as credit utilisation. Your credit score may suffer if you use a large portion of the authorized credit limit.

Past Repayment History: Lenders look carefully at your past repayment records. Your credit status is improved when you pay your bills in whole and on time; it is negatively impacted by defaults or sporadic payments.

Length of Debt-servicing: Your credit score is influenced by the amount of time you have been utilizing and maintaining credit. When compared to new applicants, those with lengthier credit histories often have higher ratings.

The Correct Credit Mix: Responsible borrowing behaviour is demonstrated by a diverse credit portfolio that includes secured loans, personal loans, and credit cards. Your score may suffer if you just use one source of credit.

New Credit Applications: Frequently requesting new credit may be an indication of severe financial strain or an immediate need for money. Rejections on many occasions may negatively impact your credit score.

Reasons for Improving Credit Score

Take into account these crucial elements in order to raise your credit score:

Check Your Credit Score Before Applying: It is a good idea to check your credit score before to applying for a credit card or loan. This provides you confidence while applying and helps to guarantee that there are no unfavourable circumstances impacting your score. You may use the Shriram One application or the company’s website to check your credit score immediately, according to Shriram Finance.

Reasons for Improving Credit Score

Take into account these crucial elements in order to raise your credit score:

Check Your Credit Score Before Applying: It is a good idea to check your credit score before to applying for a credit card or loan. This provides you confidence while applying and helps to guarantee that there are no unfavourable circumstances impacting your score. You may use the Shriram One application or the company’s website to check your credit score immediately, according to Shriram Finance.

Be On Time with Credit Card Payments: Keeping up a positive credit history requires prompt payment of credit card debt and loan installments. If money is tight, you might ask friends and family for short-term loans so you can make these deadlines.

Establish a Credit History if this is your first time applying for credit: Banks may find it challenging to evaluate the creditworthiness of first-time customers as they may not have a credit history. You may make a fixed deposit and get a secured credit card against it to help you establish good credit. Using this card and making regular payments will help you raise your credit ratings.

Distribute Spending among Several Credit Card Limits: You should distribute your spending among several credit cards rather than depending too much on one. This raises your score and demonstrates prudent borrowing practices.

Avert Needless Disputes: While it’s critical to address mistakes or fraudulent activity on your credit card accounts, disputing late fees or other penalties can negatively impact your credit score. You need to deal directly with the customer service department of the credit card issuer on these matters.

Methods for Raising Your Credit Rating

It takes proactive steps and good financial behaviour to raise your credit score. Think about doing these actions: Keep an Eye on Your Credit Report: Examining your credit report will help you find any mistakes or inconsistencies that might be lowering your score. By fixing these problems, your creditworthiness will increase overall.

DLF

Better income and robust property sales helped the real estate business post a 62% increase in its consolidated net profit to ₹920.71 crore in Q4FY24. Additionally, the business said that for FY24, each equity share will receive a dividend of ₹5 (250%) of its face value of ₹2. Along with Vivek Anand’s departure, which became effective on February 29, 2024, it also announced Ashok Kumar Tyagi’s appointment as managing director of the business.

At DLF, we are proud of our unwavering commitment to quality assurance and client involvement. Throughout our 75-year history, we have made it our primary goal to offer the best real estate development, management, and investment services.

When Chaudhary Raghvendra Singh founded the DLF in 1946, 22 urban colonies were established in Delhi. The business moved into the then-unknown area of Gurugram in 1985, constructing first-rate housing and working quarters for the new wave of Indian global professionals. With residential, commercial, and retail assets spread over 15 states and 24 cities, DLF is now the largest publicly traded real estate business in India.

Our commitment to creating ecosystems that meet India’s evolving demands is reflected in our many sectors. However, our shareholders, stakeholders, workers, and consumers have always been the basis of our business. We make investments to drive innovation through optimism and empowerment so that India’s future may be built upon the achievements of its past.

Durability

At DLF, we take pride in being the industry pioneers and are committed to rewriting the history of Indian real estate. We take great satisfaction in passing the strictest environmental laws, modelling them after them, and going above and above to solve the most important issues facing our country.

From the cutting-edge waste water treatment systems at the DLF Golf and Country Club to the conscientious recycling of our building materials, DLF is committed to advancing sustainability across all verticals. We make an effort to inform and empower all of our stakeholders about our common environmental responsibilities. Our goal in doing business is to elevate Indian industry to the forefront of green innovation worldwide.

Being the only business in the world to have received 16 British Safety Council “Sword of Honor” awards, DLF is devoted to the well-being of its partners, clients, staff, and shareholders. We are honoured to have received the US Green Building Council’s LEED Platinum Certification for 33.18 million square meters, and we’re committed to keeping up our innovative streak to develop safer workplaces, more intelligent cities, and sustainable communities throughout India. In a similar vein, some of our residential neighbourhoods were just certified LEED Gold.

Jindal Steel and Power

For the fourth quarter that concluded on March 31, 2024, JSPL had a 100.21% YoY increase in net profit of ₹933.5 crore. Operational revenue for the firm dropped 1.5% to ₹13,487 crore from ₹13,692 crore in the same period of the previous fiscal year.

One of India’s top corporations, Jindal Steel and Power (JSP) is heavily involved in the steel, mining, power, and infrastructure sectors. With operations in Australia, Africa, and India, JSP has made a name for itself as a major participant in the world market for its targeted sectors. JSP has grown remarkably under the visionary leadership of Mr. Naveen Jindal. As of right now, the company’s product line serves markets that span the whole steel value chain and helps to realise the Made in India goal. The organization’s development and dedication to creating a self-sufficient country are sustained by its focus on innovation, improving capacities, and improving lives.

The cleanest and most effective way to produce sponge iron is through coal gasification, which makes use of the chemical energy found in coal. By way of contrast, the traditional Blast Furnace steelmaking process releases around 1.85 tons of carbon dioxide into the atmosphere; this amount may be greatly decreased by implementing the Coal Gasification technology. This groundbreaking development has the ability to both successfully solve environmental issues and reduce reliance on imported coal. There is great potential for coal gasification technology, especially in nations like India where non-coking coal is widely accessible.

Direct reduction of iron (as lumps, pellets, or fines) is achieved by reducing gases derived from coal or natural gas. This process is known as direct reduced iron (DRI), or sponge iron. When reducing gases, mostly hydrogen and carbon monoxide, combine with the iron oxides, they generate iron, and this reduction occurs between 800 and 1050°C. In a typical DRI process, the degree of metallization, or the amount of iron oxide converted into metallic iron, ranges from 92 to 96%. Because of its high metallization percentage, DRI is an excellent input for the production of steel.

Sponge iron is manufactured using a highly efficient and environmentally friendly process called natural gas-based DRI. The supply of natural gas is a major limitation, though. The DRI – BF – Electric Arc Furnace method has been used at Jindal Steel & Power’s (JSP) Angul steel mill to manufacture steel.

The dilemma of natural gas scarcity was addressed by the establishment of a coal gasification plant. It turns high ash coal—which is readily accessible nearby into synthesis gas, or syngas. It is just the second plant of its sort in the world and the first in India. The gasification process yields syngas, which is composed of water vapor, hydrogen, carbon dioxide, carbon monoxide, and methane. The environmental effect of this technique is less than that of the coal combustion process. The carbon dioxide released during the gasification process is completely reabsorbed into the process, and the hydrogen sulphide is completely used to produce sulphur.

The Syngas plant setup came with a hefty capital cost and a three-year gestation time. This large investment is, however, compensated for over time by the system’s lower environmental impact and increased energy efficiency as compared to the traditional steel manufacturing model. Jindal Steel & Power (JSP) investigated the use of waste as an additional benefit. The Syngas factory recycles all seven of its byproducts, either internally or by selling them to other companies. This contributes to environmental protection and guarantees the health and safety of local people and employees.

Cochin Shipyard

For the fourth quarter that concluded on March 31, 2024, JSPL recorded a 100.21% YoY increase in net profit of ₹933.5 crore. Compared to ₹13,692 crore in the same time of the previous fiscal year, the company’s operating revenue decreased by 1.5% to ₹13,487 crore.

The Marine Engineering Training Institute (METI), housed in the Vigyana Sagar complex in Girinagar, Cochin, Kerala, is one of CSL’s most fruitful contributions. As part of the CSL Integrated Management System, METI is an organization that holds ISO 9001:2015 for the Quality Management System, ISO 14001:2015 for the Environmental Management System, and ISO 45001:2018 for the Occupational Health and Safety Management System.

The Institute has been certified by the Directorate General of Shipping, which is part of the Ministry of Ports, Shipping & Waterways, Government of India. The DGS works with the IMO to carry out the shipping laws and policies. More than 2,700 capable marine engineers have been introduced by METI to the world’s shipping sector, and these engineers are currently employed by various shipping firms all over the globe.

Only Indian National Graduate Engineers in Mechanical, Mechanical & Automation, or Naval Architecture from institutions recognized by the All India Council of Technical Education, or UGC, are eligible to enroll in the GME programme, which has been authorized by the Directorate General of Shipping, Government of India.

The training begins with a maximum age limit of 28 years old. The minimum qualifying scores are 50% in the engineering final year of study, 50% in English (10th or 12th grade), and the requirement to be in good health. There will be a single batch starting on January 1st each year. The course is entirely residential and lasts for a full year.

When a group visited several parts of India in 1969, they decided to start the nation’s first greenfield shipbuilding yard there. This is how Cochin Shipyard came to be. In the first phase, the yard facilities were finished by 1982. The Japanese company M/s Mitsubishi Heavy Industries (M.H.I.) provided technical assistance in the design and construction of the yard. The business was formally established in 1972. In 1978, the shipbuilding division of the yard began operations. Ship repair followed in 1981, followed by marine engineering training in 1993 and offshore upgrading in 1999.

By improving facilities, upgrading the ship design department with the installation of Tribon and CAD/CAM software, and implementing the Integrated Hull Outfitting and Painting system (IHOP) system of construction, the yard was able to lower the average time of construction of large ships over the previous ten years. Since starting ship repair operations in 1982, the shipyard has worked on a variety of vessel types, including upgrading ships used in the oil exploration industry and periodically laying up ships for the Navy, UTL, Coast Guard, Fisheries, and Port Trust in addition to merchant fleet. Over time, the yard has acquired the necessary skills to manage intricate and difficult maintenance tasks.

In order to transfer knowledge and provide material packages for shipbuilding, ship repair, platforms, rigs, and yard facility upgrades, CSL has partnered with a limited number of specialized companies from the near-east, far-east, South-east, Europe, and the United States.

Cochin Shipyard was established as a Government of India corporation in 1972, and its initial phase of operations began operating in 1982. The business is classified as Miniratna. The yard boasts the greatest facilities of its kind in India, with the capacity to build and repair boats up to 1.1 million tons. The Indian government declared in August 2012 that it would be divesting in order to generate Rs. 15 billion (15,000 million Rupees) for an IPO at the conclusion of the fiscal year, which would allow for future expansion.

RVNL

Southern Railway has awarded Rail Vikas Nigam a ₹239 crore contract. Under the terms of the deal, Southern Railway’s Salem division will provide an automated block signaling system between the Jolarpettai and Erode junctions. In a single day, 3.6 crore Indians came to see us, deciding that we were the indisputable platform for the country’s general election results.

Chalet Hotels

The network of hotels reported a ₹82.4 crore consolidated net profit in Q1FY24, a 125% YoY increase. Operating revenue was ₹418.3 crore, up 23.8% YoY. Though he will leave as CFO on June 30, Milind Wadekar will continue to serve as a senior management member through September 30. On October 1, he will thereafter take on a more senior position within the K Raheja Corp Group. As on July 1, Nitin Khanna will assume the role of CFO.

Cochin Shipyard

The company announced that it is acquiring an additional 7% stake in Chennai-based drone manufacturing company Dhaksha Unmanned Systems through its wholly-owned subsidiary Coromandel Technology Limited (CTL). The company received an order for the construction of vessels from a European client, which is equipped with hybrid battery systems to improve energy efficiency and reduce carbon footprints.

BLS E-Services

Because of a high base, the company’s consolidated net profit for Q1FY24 was ₹10.3 crore, a 58.55% YoY decline. Operating revenue was ₹73.6 crore, up 1.3% YoY.

Hero MotoCorp

The firm became the first automobile company in the nation to join the ONDC network when it joined. Initially, two-wheeler parts, accessories, and products would be available on The Open Network.

Piramal Pharma

Through FY25, the business intends to invest over ₹700 crore ($85 million) in brownfield growth, mainly in the contract development and manufacturing organization (CDMO) segment. Additionally, the company wants to grow organically.

Infosys

For allegedly underpaying employee health tax for the year that concluded on December 31, 2020, the Canadian government fined the IT giant Infosys more than 1.34 lakh Canadian dollars, or around ₹82 lakh.

Bharti Airtel

Analyst estimates indicate that the telecom operator would record a consolidated net profit of ₹2,201 crore for Q4FY24, a 26.8% YoY fall. In Q4FY24, the firm is forecast to generate ₹38,736 crore in sales, up 7.9% YoY. Additionally, operating profit margins are likely to expand by 549 basis points, to 31% YoY. Furthermore, it is anticipated that operating profit margins would increase by 57 basis points year over year to 52.4% in the quarter ending in March. It is anticipated that the corporation would add three million more subscribers, bringing its total to 349 million in Q4FY24.

Zomato

In the wake of its first-ever yearly profit, Zomato is growing its quick-commerce business, Blinkit, with plans to add 100 dark storefronts by June and 1,000 warehouses by the end of the fiscal year. In Q4, Blinkit, which became operationally viable in March, doubled its sales and gross order value. Between January and March, Zomato opened over 75 new Blinkit locations, increasing the total number of warehouses to 526. Zomato posted a profit of ₹175 crore for the March quarter, a considerable improvement over the ₹188 crore loss it saw during the same period last year. Operational revenue increased to ₹3,582 crore from ₹2,058 crore. Zomato reported a profit of ₹351 crore for the entire fiscal year 2023–24, as opposed to a loss of ₹971 crore.