Markets

Power Finance Corporation Ltd. Approves Resource Raising and Declares Interim Dividend Power Finance Corporation Limited (PFC) announced on March 17, 2026, that its Board of Directors approved the raising of resources for the Financial Year 2026-27 through various instruments, including bonds, term loans, and commercial paper. The total amount approved is up to ₹1,60,000 crore, excluding funds raised under Extra Budgetary Resources (EBR).The borrowing plan includes both domestic and foreign currency borrowings, as detailed in the table below:SI. No.SourceAmount (Maximum)(1)LONG/MEDIUM TERM BORROWINGS (Domestic)₹1,10,000(2)SHORT TERM BORROWINGS₹20,000(2)Commercial Paper₹10,000(2)TOTAL₹1,60,000(B)Through Foreign...

Jio Payments Bank Introduces UPI-Based Cash Withdrawal Services Mumbai, March 17, 2026: Jio Payments Bank Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited, has launched UPI-based cash withdrawal services through its Business Correspondent (BC) touchpoints. This initiative aims to strengthen India's digital payments ecosystem and advance financial inclusion, particularly in rural and semi-urban areas.The new feature allows customers to withdraw cash by scanning a UPI QR code and authorizing the transaction through their UPI application, eliminating the need for debit cards or traditional ATM infrastructure.JPBL states the initiative bridges the gap between digital payments and physical cash access...

KPI Green Energy Secures ₹979 Crore Loan from Canara Bank for 150 MW Wind Project KPI Green Energy Limited announced it has secured a sanction of ₹979 crore from Canara Bank to finance the development of its 150 MW wind power project in Gujarat. The project, which operates under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), is being developed in the Bharuch and Bhavnagar districts.The total project cost is estimated at ₹1,241.68 crore, with a debt-equity ratio of 75:25. The term loan facility has a door-to-door tenor of 20 years and 1 month, including an implementation period of 1 year and 4 months and a moratorium period of 1 year.“This sanction from Canara Bank represents another important...

Neogem India Ltd. Appoints Shivali Mishra as Company Secretary Neogem India Ltd. announced the appointment of Ms. Shivali Mishra as Company Secretary, Compliance Officer, and Key Managerial Personnel, effective March 17, 2026. The decision was made by the Board of Directors during a meeting held on Tuesday, March 17, 2026.Ms. Mishra is an Associate Member of the Institute of Company Secretaries of India, holding degrees in B.Com. and LL.B. She brings over five years of experience in compliance management under the Companies Act and SEBI Regulations.The appointment was disclosed following a meeting of the Board of Directors.Details of the Appointment:ParticularsDetailsReason for ChangeAppointmentDate of AppointmentMarch...

Abans Financial Services Limited Subsidiary Receives Tax Demand Order Abans Financial Services Limited announced that its material subsidiary, Abans Broking Services Private Limited, has received a tax demand order from the Assistant Commissioner of State Tax in Ahmedabad, Gujarat. The order pertains to financial year 2019-20.According to the order, input tax credit availed by Abans Broking Services Private Limited has been denied by the GST authorities. The total demand raised by the authorities, encompassing tax liability, interest, and penalty, amounts to Rs. 25,21,25,046.Abans Financial Services Limited stated that the company is in the process of filing an appeal before the appropriate appellate authority and believes the...

Patel Integrated Logistics Limited announced that Mr. Asgar Shakoor Patel, a Promoter of the company, acquired 4,500 equity shares in an open market purchase on March 16, 2026.Shareholding DetailsThe acquisition impacts the shareholding structure of Patel Integrated Logistics Limited. Prior to the acquisition, the total holding of Mr. Patel and other persons acting in concert was 2,50,42,880 equity shares, representing 35.99% of the total and diluted share/voting capital. Following the acquisition, the total holding increased to 2,50,47,380 equity shares.Shareholding TableThe following table summarizes the shareholding details:DetailBefore AcquisitionAfter AcquisitionMr. Asgar Patel - Shares carrying voting...

Sumeet Industries Acquires Nakoda Limited's Chips Manufacturing Plant Sumeet Industries Limited announced on March 17, 2026, that it has been declared the successful bidder for the acquisition of assets from Nakoda Limited's Chips Manufacturing Plant in Surat, Gujarat, through a slump sale under the Corporate Insolvency Resolution Process.The acquisition, approved by the company's Board of Directors at a meeting held on March 17, 2026, includes land, building, and plant and machinery situated at Phase-3: Chips Manufacturing Plant. The land area is 11534 square meters. Nakoda Limited is a Surat-based company engaged in the manufacturing of Polyester Chips, a raw material used in the production of Polyester Yarns (POY and FDY).The...

Maruti Suzuki India Limited Receives Draft Assessment Order for FY 2022-23 Maruti Suzuki India Limited announced it received a Draft Assessment Order from the Income Tax Authority for the financial year 2022-23. The order, dated March 16, 2026, proposes additions and disallowances amounting to Rs 57,864 million concerning the income disclosed in the company’s Income Tax return.According to a filing, the company plans to file its objections before the Dispute Resolution Panel. The Draft Assessment Order is not expected to impact the financial, operational, or other activities of Maruti Suzuki India Limited.Here's a summary of the key details:DetailInformationAuthorityIncome Tax AuthorityOrder TypeDraft Assessment Order...

Global Stock Market Weakness Continues Amid Escalating Middle East War Indian equities experienced a decline on Thursday, with the Sensex and Nifty dropping 1.4% and 1.6% respectively, influenced by the ongoing US-Iran war. US markets also closed lower overnight, with the Dow, S&P 500, and Nasdaq slipping 1.6%, 0.6%, and 0.3% respectively.Key Business Events Several corporate events occurred during the day:Dr Reddy's Laboratories: Received a ‘Voluntary Action Indicated’ Establishment Inspection Report from the USFDA for its Srikakulam facility. Garden Reach Shipbuilders: Signed a memorandum of understanding (MoU) with Kalyani Strategic Systems to jointly develop advanced naval systems, unmanned platforms, and maritime capabilities...

Metal stocks are extending their strong run on Wednesday, February 25, with the Nifty Metal index emerging as the third-best performing sectoral index this month. The index has advanced 7.6% in February so far, reflecting renewed investor interest in the metals space amid improving pricing dynamics and supportive global cues.On Wednesday alone, the index is trading 1.5% higher, with all its constituents in the green, led by Lloyds Metal and Vedanta.Broad-Based Gains Across Metal Stocks The rally has been widespread across major names:Tata Steel up 10% to 13% in February Adani Enterprises up 10% to 13% Jindal Steel up 10% to 13% Lloyds Metals up 10% to 13% SAIL up 9% to 10% Vedanta up 9% to 10%The performance underscores the...

Gurugram, February 24, 2026 (IST) – One MobiKwik Systems Limited (NSE: MOBIKWIK | BSE: 544305) has received approval from BSE Limited to commence stock broking operations through its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), marking its formal entry into the equity broking segment.The company informed exchanges that MSBPL has been approved for commencement of business as a Trading Member on BSE Limited, with the intimation received on February 23, 2026 at 17:34 PM IST.BSE Platform Activation from February 24 According to the company’s press release, BSE has enabled MSBPL on its platform with effect from February 24, 2026, allowing the subsidiary to initiate full-fledged stock broking operations...

Indian equity markets are poised for a cautious opening on February 17, tracking mixed global cues and softer trends in early Asian trade. Despite a strong rebound in the previous session, early indicators suggest a negative start for the benchmarks.GIFT Nifty Signals Weak Opening The GIFT Nifty was trading lower at around 25,641 in early trade, indicating a subdued start for the domestic markets.On February 16, Indian benchmark indices snapped a two day losing streak and ended higher in a volatile session. The rebound was driven by strong buying in power, energy, realty, and financial stocks.At close:The Sensex gained 650.39 points or 0.79 percent to settle at 83,277.15 The Nifty advanced 211.65 points or 0.83 percent to close...

Silver prices witnessed a sharp pullback on February 17, raising fresh questions about whether the metal can scale new record highs in 2026 despite strong gains last year. Silver Falls to $73, Recovers Slightly In the early hours of February 17, silver prices dropped to as low as $73 per ounce. The metal later recovered some ground to trade at $75.50 per ounce at 01:44 am GMT, still down 2.88 percent from the previous close. On the domestic front, silver futures on MCX closed Monday’s session at Rs 2,40,201 per kilogram, marking a 0.13 percent decline from the previous close. Earlier in the first week of February, prices had slipped toward the Rs 2.30 lakh level amid global selling pressure and heightened volatility. Meanwhile, the...

Gold Slips 1.36% to $4,977 per Ounce; Analysts See Volatile, Range-Bound Trend Gold prices declined 1.36 per cent to $4,977 per ounce on Monday, as subdued global trading conditions kept price action largely contained. Much of Asia remained closed for the Lunar New Year, while US markets were shut for a holiday.Despite the dip, bullion continued to hover near the $5,000 mark, indicating sustained investor participation after a period of heightened volatility.Gold Stabilizes Near $5,000 After Sharp Swings Spot gold was little changed at $4,990.08 an ounce as of 7:45 a.m. in Singapore, following a 1 per cent fall in the previous session.The metal had surged to a record above $5,595 per ounce in late January amid a wave of...

BHP Group reported a stronger than expected half-year performance, with underlying profit rising 22 percent as copper earnings overtook iron ore for the first time in the company’s history. The result reflects surging demand for copper, driven by artificial intelligence infrastructure and the global shift toward cleaner energy.The world’s largest miner saw its shares climb 7 percent to a record high after announcing robust earnings and a dividend that exceeded market expectations.Half-Year Profit Rises 22 Percent to $6.20 Billion For the six months ended December 31, BHP posted an underlying attributable profit of $6.20 billion, beating the Visible Alpha consensus estimate of $6.03 billion.The company declared an interim dividend...

Indian IT stocks remain under pressure as artificial intelligence driven disruption reshapes investor expectations. With valuations correcting sharply and long term growth assumptions being recalibrated, global brokerage firms UBS and Nomura have presented distinct perspectives on whether the current downturn signals structural risk or a cyclical reset.AI Anxiety Drives Volatility in IT Stocks Shares of Indian IT services companies continue to witness volatility amid rising concerns that AI could disrupt traditional outsourcing and application development models. The debate now centers on whether AI poses an existential threat or opens up a new growth cycle.Brokerage analysts at UBS and Nomura have assessed the sharp correction...

Indian equity markets head into the February 16 trading session with a heavy mix of earnings reactions, regulatory updates, acquisitions, and fresh listings. From quarterly scorecards to major approvals and strategic deals, several frontline and midcap names are set to remain in focus.Here is a structured look at the key stocks to watch today.Mainboard Listings in Focus Fractal Analytics and Aye Finance Shares of Fractal Analytics and Aye Finance are scheduled for listing on the mainboard. Both IPOs will be closely tracked as investors assess listing performance and subscription response in the secondary market.Key Quarterly Earnings to Track Ola Electric Mobility Ola Electric Mobility reported a narrowing of losses in Q3 on a...

Mumbai, February 16: Mutual funds have turned net sellers in Indian equities for the first time in nearly three years, offloading shares worth approximately Rs 4,100 crore so far in February, marking a sharp shift after a prolonged buying streak.This is the first instance of net selling since April 2023, when mutual funds sold over Rs 4,532 crore in domestic equities. Between May 2023 and January 2026, domestic institutional investors had remained net buyers for 34 consecutive months, underlining the significance of the current reversal.February Selling Follows Heavy January Buying The latest selling comes on the back of sustained accumulation in recent periods. Mutual funds had purchased equities worth Rs 42,355 crore in January...

RBI Clears Proposed Investment by Bain Capital Affiliates Shares of Manappuram Finance are expected to remain in focus on Monday after the company received conditional approval from the Reserve Bank of India for a proposed stake sale to affiliates of Bain Capital.In a regulatory filing, the company confirmed that the central bank has approved the proposed investment by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, both affiliates of Bain Capital.The approval paves the way for the proposed acquisition of control and shareholding of up to 41.66 percent of the paid up equity capital or convertible instruments of Manappuram Finance.Conditions Attached to RBI Approval The regulatory clearance comes with specific...

Indian equity markets ended sharply lower on Friday, with broad-based selling across sectors dragging benchmark indices down. Consumer, IT, and energy stocks emerged as the biggest laggards, reflecting heightened caution among investors ahead of the new trading week.The Nifty 50 closed at 25,471.10, down 336 points or 1.30 percent, while the BSE Sensex tumbled 1,048.16 points, or 1.25 percent, to settle at 82,626.76. The volatility gauge, India VIX, ended at 11.73, lower by 1.53 percent from the previous close, although it had surged earlier during the session.Here are the 10 key factors likely to influence stock market action on Monday.1. Nifty’s Technical Breakdown Below Key Moving Averages According to Nilesh Jain, Vice...