India’s forex reserves fall $10 billion, Mazagon Dock's ship inducted in navy, & more - Groww Digest
Friday, 3 April 2026
The Indian stock markets were closed today on account of Good Friday.
Hence, there won’t be any updates on the Sensex, Nifty 50, Top Gainers, and Top Losers sections today.
Global markets: Most US markets closed in green. Most Asian markets and European markets fell (as of 6 pm IST).
News
Marico: company’s subsidiary, Marico South East Asia Corporation, completed the acquisition of a 75% stake in Vietnam-based company Skinetiq, making it a subsidiary.
Mazagon Dock: INS Taragiri, an indigenously built stealth frigate built by the company, was formally commissioned into the Indian Navy at Visakhapatnam on 3 April.
Cummins India: withheld interim dividend for shareholders whose KYC details are not updated.
Word of the Day
Preference Shares
They are a type of share that gives its investor priority in terms of dividend payment
They can be issued in addition to the regular (equity) shares, if the company wants to raise more money.
Preference shareholders get a fixed dividend before the regular shareholders get dividends.
In case the company shuts down, preference shareholders are paid before others.
These shares do not give any voting rights to shareholders. Thus, a company can raise money without giving away control.
6 Day Course
Theme: decoding debt of companies
Day 5: Friday
Dividend payment: some companies pay dividends using borrowed money.
This is usually not a good sign since it signals that the company is paying dividends just to prevent a sell off of its shares. It shows that the company doesn’t actually have the money to pay dividends.
SPV: if the company is using subsidiaries and special purpose vehicles (SPV) to hide its loans, it is usually a red flag.
Debt spikes: sometimes, investors might notice a company’s debt rises to higher-than-normal levels suddenly.
This is not necessarily a bad sign as long as there is a good explanation for it.
If a company is doing an acquisition or big investment, such spikes in debt can be okay.
This might come as a surprise, but if companies from certain sectors take very low debt, it can be considered a red flag too. It is often considered as being lazy and not growing fast enough.
That’s it for this series.
Obviously there are many other parts of looking at the debt of companies. Here, we tried to cover some of those.
Featured Question
Q. “If ETFs like gold and silver are backed by physical metal—similar to digital gold—why is physical delivery not offered to investors in the same way as digital gold?”
It depends on the ETF or mutual fund.
Some gold ETFs and gold mutual funds actually do allow you to get physical delivery of the gold in person.
They have a designated procedure and location to handle such requests.
They also cater to requests only above a certain value. So investors might not be able to take physical delivery of small quantities of gold.
Many do not offer it as the logistics of offering this makes it expensive.
Many investors opt for ETFs and mutual funds because they do not wish to handle the gold physically themselves because of logistics and safety reasons.
Those investors prefer to transact in gold without ever taking physical delivery.
ETFs and mutual funds that do not allow physical delivery are suitable for such investors.
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