Markets

Angel One Limited Settles with SEBI Regarding Association with Algo Platforms Angel One Limited announced on March 20, 2026, that it has settled proceedings with the Securities and Exchange Board of India (SEBI) regarding its association with certain algorithmic (algo) platforms. The settlement, formalized in Settlement Order No. PSD/SD/SettScheme/2/2025-26, stems from an investigation into whether the company's association with these platforms violated SEBI Circular SEBI/HO/MIRSD/DOP/P/CIR/2022/117 dated September 02, 2022, and regulations outlined in Schedule II and Regulation 9 of the SEBI (Stock Brokers) Regulations, 1992.The investigation observed that Application Programming Interfaces of Angel One Limited remained integrated...

Persistent Systems Appoints Hari Abhyankar as Executive Vice President Persistent Systems Limited announced the appointment of Hari Abhyankar as Executive Vice President (EVP) – Private Equity and Professional Services, effective March 19, 2026.Mr. Abhyankar joins Persistent Systems with extensive experience in leveraging technology and artificial intelligence for business transformation. Previously, he was a Partner at McKinsey & Company. He brings a track record of translating AI, strategy, and analytics into commercial results, with over 11 years in C-suite consulting and more than 14 years as an operator. Mr. Abhyankar has led transformation initiatives across sales, marketing, product, and revenue operations. He holds a PhD from...

Power Grid Corporation of India Limited Board Approves ₹705.30 Crore Investment Power Grid Corporation of India Limited (POWERGRID) announced that its Board of Directors has approved an investment of ₹705.30 Crore for the procurement of cold spare Transformers & Reactors, as approved in the 77th National Register of Power Projects (NRPC).The project, slated for implementation over a period of 30 months from the date of investment approval, aligns with POWERGRID’s ongoing efforts to enhance grid stability and reliability. The investment approval was granted during a board meeting held on March 19, 2026. POWERGRID is a Government of India Enterprise.Source:

Infosys Limited Incorporates Subsidiary in Australia Infosys Limited announced the incorporation of a step-down wholly-owned subsidiary, Infosys Enterprise Business Services Pty. Ltd., in Australia on March 19, 2026. The subsidiary is incorporated in the name of Infosys Enterprise Business Services Pty. Ltd.The subsidiary operates in the Information Technology and Information Technology enabled Services industry. Infosys Singapore Pte. Ltd., a step-down wholly-owned subsidiary of Infosys Limited, holds 100% of the shareholding. The company’s share capital is AUD 10.The incorporation does not constitute a related party transaction.Below is a summary of key details regarding the newly formed subsidiary:ParticularsDetailsName...

Hero MotoCorp Designates Manish Srivastava as Senior Management Personnel Hero MotoCorp Limited announced the designation of Mr. Manish Srivastava, Chief Quality Officer (CQO), as a senior management personnel, effective April 1, 2026.Mr. Srivastava has been associated with Hero MotoCorp for over ten years and brings more than three decades of extensive experience across the automobile and engineering sectors. He is an engineering graduate from the National Institute of Technology, Durgapur. Prior to his current role, he served as National Head - Service at Hero MotoCorp and has held the position of Chief Quality Officer since September 2023.The appointment reflects Mr. Srivastava's continued leadership within the company...

JSW Cement Expands into North India with New Plant Commissioning Mumbai/Nagaur (Rajasthan), March 19, 2026 – JSW Cement, a subsidiary of the JSW Group, has commenced production at a new greenfield integrated cement manufacturing plant in Nagaur, Rajasthan, marking its entry into the North Indian market.The commissioning of the Nagaur facility elevates the company’s total cement grinding capacity to 24.1 MTPA, with a clinker manufacturing capacity of 9.74 MTPA, including its joint venture, JSW Cement FZC.The new plant features a 3.30 MTPA clinkerization unit and a 2.50 MTPA cement grinding unit, with an additional 1.00 MTPA cement grinding unit currently under construction. This facility is strategically positioned to serve...

Acme Solar Holdings Limited Announces Further Wind Power Project Commissioning Acme Solar Holdings Limited announced the commissioning of an additional 4 MW of capacity for its wind power project, bringing the total commissioned capacity to 88 MW out of the total 100 MW project. The project, located in Village Titoda, Taluka Sayla, Dist Surendaranagar, Gujarat, is managed by ACME Eco Clean Energy Private Limited, a subsidiary of Acme Solar Holdings Limited.The commissioning was confirmed by officials from Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL). A formal certificate is anticipated to be issued shortly. This announcement follows previous updates provided on October 17, 2025, November 3...

State Bank of India to Sell Stake in SBI Funds Management Limited Through IPO State Bank of India announced on March 20, 2026, that SBI Funds Management Limited (SBIFML), a subsidiary, has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering (IPO). The IPO aims to offer up to 203,709,239 equity shares with a face value of Rs. 1 each, representing up to 10.0013% of SBIFML's paid-up equity share capital.The IPO includes an offer for sale of up to 128,334,397 Equity Shares by State Bank of India (6.3007% of SBIFML's paid-up equity share capital) and up to 75,374,842 Equity Shares by Amundi India Holding (3.7006% of SBIFML's paid-up equity share capital). The number of shares...

Bluspring Enterprises Limited to Acquire STEAG Energy Services (India) Private Limited Bluspring Enterprises Limited announced on March 20, 2026, that its wholly-owned subsidiary, Bluspring New Horizon One Private Limited, has entered into a Share Purchase Agreement with STEAG Energy GmbH and STEAG Energy Services (India) Private Limited for the acquisition of 100% of the paid-up share capital of STEAG Energy Services (India) Private Limited (SESI) on a fully diluted basis. Following the transaction, SESI will become a wholly-owned subsidiary of Bluspring Enterprises Limited. The agreement was executed on March 19, 2026.The acquisition is not considered a related party transaction, and no promoter, promoter group, or group companies...

Delhivery Appoints Neelam Dhawan as Board Chairperson, Announces Deepak Kapoor’s Departure Gurugram, India – March 19, 2026 – Delhivery Limited announced the appointment of Ms. Neelam Dhawan as a Non-Executive Independent Director, effective March 20, 2026. She will assume the role of Chairperson of the Board of Directors on April 1, 2026, succeeding Mr. Deepak Kapoor, who is stepping down after over eight years, a departure previously announced on January 31, 2026.“We are delighted to welcome Neelam Dhawan to the Delhivery Board as our Chairperson,” said Sahil Barua, MD & Chief Executive Officer, Delhivery. “Her exceptional track record in leading technology companies and experience as a seasoned Board Member will be invaluable as...

KFin Technologies Receives No-Objection for Promoter Group Reclassification KFin Technologies Limited announced on March 19, 2026, that it has received no-objection letters from the BSE Limited and the National Stock Exchange of India Limited regarding the reclassification of House of Anita Dongre Private Limited (HADPL) from the 'Promoter(s) Group' category to the 'Public' category.This reclassification means HADPL is no longer considered part of the 'Promoter(s) Group' for KFin Technologies. The company previously filed an application with the BSE and NSE for this reclassification.According to a summary of key elements disclosed in Form A, in compliance with Regulation 30(13) of the Securities and Exchange Board of India (Listing...

J.G.Chemicals Schedules Investor Meetings J.G.Chemicals Ltd. announced plans for an upcoming meeting with institutional investors. The meeting is scheduled to occur virtually on March 24, 2026.The company noted that the schedule is subject to change due to unforeseen circumstances. J.G.Chemicals emphasized that no unpublished price-sensitive information will be disclosed during the meeting.Source:

Artefact Projects Ltd. Secures DPR Project for Uttar Pradesh Road Augmentation Artefact Projects Ltd., a project management consultancy, engineering, and planning firm, has been awarded a project by the National Highways Authority of India (NHAI) for the preparation of a Detailed Project Report (DPR) related to the capacity augmentation of the Varanasi-Jaunpur-Sultanpur-Lucknow stretch in Uttar Pradesh. The project is being executed in association with Dhruv Consultants services limited.Artefact Projects Ltd. received a letter of award for the project. The contracted fees for the project total Rs. 3,94,88,232, exclusive of Goods and Services Tax (GST). The project is slated for completion within a timeframe of seven months.According...

Vibhor Steel Tubes Ltd. Receives New Work Order Worth Rs. 16.87 Crores Vibhor Steel Tubes Limited announced on March 19, 2026, that it has received a new work order from Agrawal Infracab Pvt Ltd for the supply of Transmission Towers. The order is valued at approximately Rs. 16.87 Crores.The work order, PO/AGINFRACAB/25-26/078 dated March 19, 2026, involves the supply of Transmission Towers by Vibhor Steel Tubes. Agrawal Infracab Pvt Ltd, a domestic entity, awarded the contract. Promoters, promoter groups, group companies, and related parties have no interest in Agrawal Infracab Pvt Ltd.ParticularsDetailsName of the entity awarding the order(s)/contract(s)Agrawal Infracab Pvt LtdNature of order(s)/contract(s)Transmission...

Praxis Home Retail Ltd. Receives Order from National Company Law Tribunal Praxis Home Retail Ltd. announced that the Hon’ble National Company Law Tribunal, Mumbai Bench, passed an order regarding an Interlocutory Application in Company Petition (IB) No. 865 of 2022, filed by Aegis Resolution Services Private Limited, the Resolution Professional of Ojas Tradelease and Mall Management Private Limited.The order, issued March 18, 2026, directs Praxis Home Retail Ltd. to hand over control and possession of a leased premises located at 'The Acropolis Mall' in Thaltej, Ahmedabad, within 30 days, and settle outstanding lease rentals.According to the NCLT order, the Lease Deed has been determined to be a transaction covered under Section 66...

Leo Dryfruits & Spices Trading Ltd. Enters Supply Agreement with Haldiram Leo Dryfruits & Spices Trading Limited announced on March 19, 2026, that its subsidiary, Vandu Food Processing Private Limited (VFPPL), has entered into a Supply Agreement with Haldiram Marketing Private Limited, effective March 19, 2026.Under the agreement, VFPPL will process and supply processed cashew nuts, related products, and other food products according to specifications and quality standards provided by Haldiram. The agreement involves the processing of raw cashew nuts into finished products, including broken cashew pieces and cashew powder.The agreement has a term of five years, renewable by mutual consent, and is considered to be in the ordinary...

Asahi India Glass Ltd. Responds to Trading Volume Inquiry Mumbai – March 19, 2026 – Asahi India Glass Limited (AIS) responded to a query from the BSE regarding a recent increase in trading volume of its securities. The BSE’s inquiry, referenced as L/SURV/ONL/PV/SG/2025-2026/986, sought clarification on the matter.AIS confirmed that all material information and price-sensitive details impacting the company's operations and performance have been disclosed in a timely manner, in accordance with the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.The company attributed the increased trading volume to higher intra-day trading activity in AIS stocks, based on data from the stock exchange. AIS stated that there are...

Praxis Home Retail Limited Receives Order from National Company Law Tribunal Praxis Home Retail Limited announced that the Hon’ble National Company Law Tribunal, Mumbai Bench, has issued an order concerning an Interlocutory Application in Company Petition (IB) No. 865 of 2022, filed by Aegis Resolution Services Private Limited, the Resolution Professional of Ojas Tradelease and Mall Management Private Limited.The order, dated March 18, 2026, directs Praxis Home Retail Limited to hand over control and possession of the leased premises located at 'The Acropolis Mall' in Thaltej, Ahmedabad, within 30 days. The company is also required to settle outstanding lease rental payments.The tribunal determined that the Lease Deed is a...

Motilal Oswal Financial Services Limited Settles Algo Platform Investigation with SEBI Mumbai – March 19, 2026 – Motilal Oswal Financial Services Limited announced today that it has settled an investigation initiated by the Securities and Exchange Board of India (SEBI) concerning its association with certain algorithmic (algo) platforms.SEBI previously observed that some algo platforms displayed strategies offering assured returns, and that certain SEBI-registered stock brokers, including Motilal Oswal Financial Services Limited, were associated with these platforms. The regulator's examination revealed that Application Programming Interfaces (APIs) of 122 stock brokers were integrated with platforms describing strategies with...

Kuantum Papers Limited Announces Management Changes Kuantum Papers Limited announced changes to its board of directors on March 19, 2026, following shareholder approval through a postal ballot process.Shri Munishwar Kumar has been redesignated from Non-Executive Director to Independent Director for a term of five years, commencing February 7, 2026, and expiring February 6, 2031. Kumar brings over 35 years of experience, including expertise in global biodegradable packaging and business development.Additionally, Shri Jagdeep Hira has been appointed as a Director and Whole Time Director for a period of three years, effective February 7, 2026. Hira possesses 31 years of experience in the specialty paper manufacturing and paper mill...