IREDA Gets 54EC Bond Approval, Persistent Systems ₹15 Dividend & More
- Share.Market
- 8 min read
- 10 Jul 2025
Highlights
The Indian equity benchmarks closed lower for the second straight session, pressured by financial and IT stocks. Investors stayed on the sidelines ahead of key earnings and awaited clarity on trade negotiations.
Headline Indices
Sectors at a Glance
*Prices shown may have delay up-to 15 minutes
What moved the market?
*Prices shown may have delay up-to 15 minutes
What Made Headlines?
IREDAIREDA shares will be in focus after getting government approval to issue special 54EC tax-saving bonds. IREDA becomes the sixth state company allowed to raise funds this way.
EIELEnviro Infra Engineers wins ₹395.5 crore water pollution control contract from Maharashtra Industrial Development Corporation. The 24-month project involves upgrading wastewater treatment plants in three Kolhapur industrial estates through a joint venture with AltoraPro Infrastructure.
GAILGAIL signs 15-year gas supply deal with Oil India Limited to buy up to 900,000 cubic meters daily from Rajasthan fields. The gas will power state-run plants, strengthening domestic energy security through this extended partnership agreement.
What’s Happening Beyond Markets?
- China’s car sales jumped 13.8% in June to 2.9 million vehicles, with electric and hybrid cars leading growth at 26.7%.
- South Korea has proposed a “package deal” combining trade and security issues to avoid US tariffs. Trump threatened 25% tariffs on all Korean imports starting August 1st.
- US President Donald Trump has threatened Latin America’s largest economy, Brazil, with a 50% tariff on exports to the U.S. He also ordered an investigation into alleged unfair trade practices, which could lead to even higher duties.
Back to Basics
Terms that put you one step ahead – every day.
What Are Foreign Institutional Investors (FIIs)?
Foreign Institutional Investors (FIIs) are international entities like foreign mutual funds, pension funds, or insurance companies that invest in India’s financial markets.
Think of them as foreign money coming to India seeking growth opportunities.
SEBI allows them to invest, but sets rules – they can’t own more than 24% of any Indian company.
They typically focus on short-to-medium term investments and can significantly impact market movements with their large-scale buying and selling.
FIIs bring foreign capital that boosts market liquidity, but their sudden exits can cause market volatility, as seen during global crises.
IPO Corner: Mainboard
Upcoming IPO
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Anthem Biosciences | July 14, 2025 to July 16, 2025 | ₹3,395.00 Cr | ₹540 to ₹570 per share | ₹14,040 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Craftsman Automation Ltd. | 14 Jul 2025 | 14 Jul 2025 | Final Dividend | ₹5.00 |
| Persistent Systems Ltd. | 14 Jul 2025 | 14 Jul 2025 | Final Dividend | ₹15.00 |
| R R Kabel Ltd. | 14 Jul 2025 | 14 Jul 2025 | Final Dividend | ₹3.50 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
Disclaimer and Disclosure
PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226.
Registration granted by SEBI, enlistment as Research Analyst with Exchange and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors
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