Earnings Call Transcripts

Introduction If you’re waking up to another Monday and wondering what happened in global and Indian markets over the weekend, you’re not alone. This is your  one-stop resource  for decoding every major financial, business, and stock update—from the latest twists in the US-China power game to company-level news that could shift the entire Indian equities landscape. Let’s unravel the big stories, examine their true impact, and spotlight stocks, sectors, and strategies that demand your immediate attention. Table of Contents Overnight Headlines: What You Missed US-China Trade Deal: What Changed? Company Alerts: Major Movers and Breaking News Adani, SBI, and LIC—Interconnected Moves CONCOR’s Cement Pact with Adani Utkarsh Finance’s Upper Circuit Tata Motors’ EV Surprise Sigachi Industries—A Profit Mirage? Zen Technologies and Varies: Watchlist Material Bajaj Auto’s KTM Breakthrough Kotak Mahindra’s Quality Numbers Gold & S...

India’s love for gold is legendary, but in 2025, that love turned into a financial storm for the government. Once hailed as a masterstroke to reduce gold imports and support the rupee, the Sovereign Gold Bond (SGB) scheme has now evolved into one of India’s biggest fiscal challenges. With gold prices rising over 50% in the past year alone , the government’s total SGB liability has ballooned to ₹1.5 lakh crore , creating economic ripples from the RBI’s balance sheets to the Union Budget.   The Rise of the Sovereign Gold Bond The SGB scheme was launched in 2015 by the Reserve Bank of India (RBI) on behalf of the Government of India. It aimed to discourage physical gold hoarding and reduce dependence on imports. Key Objectives: Curb Gold Imports: Limit the impact on foreign exchange reserves. Digitize Gold Investment: Create a safe, paper-based asset. Offer Guaranteed Returns: Provide 2.5% annual interest plus gold price-linked capital appreciation. Promote...