Rounaq Bakshi notes

  Tata Capital Limited: AUM grew by 3% QoQ to ₹ 2,43,896 crore as on September 30, 2025  CONSOLIDATED PERFORMANCE HIGHLIGHTS – Q2FY26 Including Motor Finance:  ➢ Retail + SME constitutes ~88% of gross loan book.  ➢ Retail unsecured forms 11.6% of gross loan book.  ➢ Pan India network of 1,479 branches across 27 states and union territories.  ➢ Focused on improving business metrices in Motor Finance (~10% of gross loans) before accelerating growth.  ➢ AUM grew by 3% QoQ to ₹ 2,43,896 crore as on September 30, 2025 from ₹ 2,37,508 crore as on June 30, 2025.  ➢ Net total income grew by 4% QoQ to ₹ 3,774 crore in Q2FY26 from ₹ 3,626 crore in Q1FY26.  ➢ Annualized operating expense on average net loan book of 2.6% in Q2FY26 vs. 2.4% in Q1FY26.  ➢ Cost to income ratio stood at 39.7% in Q2FY26 vs. 36.8% in Q1FY26.  ➢ Annualized credit cost of 1.3% in Q2FY26 vs. 1.6% in Q1FY26.  ➢ Profit after tax grew by 11% QoQ to ₹ 1,097 crore in Q2...

  GIFT City has flipped the script on NRI investing.   Here's what changed: The old way: Sign 60-70 documents. Wait 3-4 months. Navigate the NRE/NRO/PIS maze. Mandatory PAN cards, OCI cards, Indian bank accounts. The GIFT City way: Four documents. Two days. Done. You need a passport, bank statement, address proof, and local tax ID (like your SSN or Emirates ID). That's it.   No PAN. No Indian bank account. Money will move like it should: Transfer USD directly from your foreign account. Redeem back to the same account. Never touch an Indian bank.   Optional USD accounts available in GIFT City itself. Taxes are Simplified as well. The fund pays capital gains tax for you no Indian tax returns to file.   UAE residents investing in global funds? Zero tax.   One regulator (IFSCA) instead of juggling RBI and SEBI rules. No caps on intraday trading or leverage. While current AIF minimums sit at $150,000, retail-friendly feeder funds are emerging. GIFT City is funda...

  NEED FOR WATER SUPPLY & WASTE WATER TREATMENT With a budget of $51 bn, Jal Jeevan Mission (JJM) sponsored by Government of India is working towards realizing the vision of ‘Har Ghar Jal’, and laying the foundation for a sustainable, equitable water future. However, water security goes beyond mere access. It necessitates fostering a holistic ecosystem where access is not just granted but also perpetuated through continuous efforts. By putting communities at the heart of the change process, we can make a difference. The NITI Aayog’s 2018 Composite Water Management Index (CWMI) depicts an unsettling picture of macro-water availability in India – despite being home to 17% of the world’s population, it has only 4% of the world’s freshwater resources.  The total water demand in India is projected to increase by 22% and 32% in 2025 and 2050 respectively and, by 2050, 85% of this demand is expected to come from industrial and domestic sectors alone. According to a NITI Aayog, In...

  Latent View Analytics :  76% of revenue today comes from clients  have been served for over 5 years Key Focus areas over next 3 years  Expand Marketing Analytics for deeper client insights Drive a Data-Driven Marketing Model to enhance product, channel, and customer experience strategies.  Grow Nearshore Centers for improved client support Strengthen client proximity and support through expanded nearshore centers at Canada, Mexico and LATAM, enhancing delivery efficiency and client responsiveness.  Increase APAC presence with GCC to capture regional demand  Expand India GCC hubs with a focused charter for rapid scaling, meeting growing demand, & enhancing regional expertise to support client need.  Enhance Data Engineering through Databricks partnership  Foster data engineering innovation and best practices in partnership with Databricks, empowering clients with cutting-edge cloud data solutions.  Continue Driving Impact throu...

  Johnson controls-Hitachi India rebrands as Bosch Home Comfort after acquisition The rebranding follows the company’s transition into a subsidiary of Robert Bosch GmbH after the completion of acquisition transactions between Johnson Controls-Hitachi (a joint venture of Johnson Controls Inc and Hitachi Global Life Solutions) and Bosch on August 1 Johnson Controls-Hitachi Air Conditioning India Limited has announced a rebranding, with the company set to change its name to Bosch Home Comfort India Limited. The Board of Directors, at its meeting on August 22, 2025, approved the change, stating that the new identity should highlight the Promoter Group’s brand and its relevant business vertical. The rebranding follows the company’s transition into a subsidiary of Robert Bosch GmbH after the completion of acquisition transactions between Johnson Controls-Hitachi (a joint venture of Johnson Controls Inc and Hitachi Global Life Solutions) and Bosch on August 1, 2025. The Central Registrati...

  MOIL in marching ahead towards its ambitious vision of almost tripling its production to 3.50 million MT by 2030 During the financial year 2024-25, the company recorded its highest-ever Capex utilization at H 321.94 crore, compared to H 316.09 crore in the previous year. Considering on-going and upcoming projects, the Capex target for 2025-26 has been set at H 325 crore Search for Manganese deposits and subsequent mining is one of the most promising initiatives by MOIL.  This year, MOIL recorded highest ever exploration since inception and has stolen all the spotlight as tremendous increase in exploration meterage in-side and out-side Mining Leases of MOIL.  The exploration has been completed in the state of Madhya Pradesh in order to this the two blocks Bhudkum Block of Chhindwara district and Selwa Block of Balaghat district are seems to be positive on the basis of exploration.  This will facilitate opening of new manganese mines and thereby, enhance the producti...