Markets

India Glycols Limited Receives Interim Dividend from Joint Venture India Glycols Limited announced on March 17, 2026, that its joint venture, Clariant IGL Specialty Chemical Private Limited, has declared an interim dividend. The company, along with its wholly-owned subsidiary, holds a 49% share in the joint venture.The interim dividend amounted to Rs. 36,000 per equity share with a face value of Rs. 10. As a result, India Glycols Limited received Rs. 36 crore gross (net of tax deductions of Rs. 32.40 crore), while its wholly-owned subsidiary received Rs. 2.88 crore gross (net of tax deductions of Rs. 2.59 crore).Source:

Gillette India Announces Leadership Change in Human Resources Gillette India Limited announced changes to its senior management team on March 17, 2026. Srinivas Maruthi Patnam, the company’s head of Human Resources, is leaving the company on March 31, 2026, to pursue other interests.Robin Thadathil will assume the role of head of Human Resources, effective April 1, 2026. Mr. Thadathil brings over 16 years of experience in Human Resources with Procter & Gamble, spanning roles across Singapore, the US, and Southeast Asia. His prior roles included leadership positions for commercial teams, manufacturing plants, and country HR functions. Most recently, he led Human Resources for the Malaysia, Singapore, and Vietnam businesses, and served as...

ASI Industries Ltd. Acquires Stake in Lloyds Metals and Energy Ltd. ASI Industries Ltd. announced the acquisition of equity shares in Lloyds Metals and Energy Ltd. for investment purposes. The acquisition was completed on March 16, 2026.ASI Industries Ltd. acquired 30,000 shares, representing 0.006% of the shareholding in Lloyds Metals and Energy Ltd. The total cost of the acquisition amounted to Rs. 3.38 Crores, paid via cash consideration.Lloyds Metals & Energy Ltd. operates in the Steel and Mining Sector. As of March 31, 2025, the company reported a turnover of Rs. 6721.40 Crore, a profit after tax of Rs. 1450.95 Crore, and a net worth of Rs. 6403.08 Crore. The company was established on April 5, 1977, and is a prominent Indian...

Taparia Tools Ltd. Receives Favorable Order from GST Department Taparia Tools Ltd. announced on March 17, 2026, that the Office of the Commissioner of Central GST & Central Excise, Nashik, has dropped penalty proceedings related to a previous notice.The company received a Show Cause cum Demand Notice on September 13, 2025. Following verification of purchase documents, banking transactions, and production records, the GST Department concluded the investigation.The alleged amount involved in the proceedings was 1,30,76,422. The order from the GST department noted the company’s provision of relevant purchase and banking records, the demonstration of genuine manufacturing and supply activities through production data, and the...

Cian Healthcare Ltd. Acquires Significant Stake Through Preferential Allotment Cian Healthcare Limited announced a substantial acquisition of shares through a preferential allotment, as detailed in disclosures filed with the BSE Limited. Ananta Medicare Limited, along with Mr. Rajesh Jain and Mr. Pradeep Kumar Jain, acting in concert, have increased their stake in the company.Details of the Acquisition: The acquisition involved a preferential allotment of equity shares, as per a Resolution Plan approved by the National Company Law Tribunal, Mumbai, on December 18, 2025.DetailAnanta Medicare Limited (Acquirer) & PACsAnanta Medicare Limited (Acquirer) & PACsAnanta Medicare Limited (Acquirer) & PACsShares carrying voting rights...

Vivanza Biosciences Limited Announces Director Resignation Vivanza Biosciences Limited announced on March 17, 2026, the resignation of Hemant Amrish Parikh (DIN: 00027820) as a Non-Executive Director, effective March 17, 2026. The resignation is due to personal reasons.Mr. Parikh confirmed that there are no material reasons for his resignation beyond those stated in his resignation letter.Details of the Resignation:DetailInformationReason for ChangeResignation due to personal reasons.Date of CessationMarch 17, 2026Jayendra Mehta, Managing Director (DIN: 08210602), confirmed the resignation.Source:

Sigma Solve Limited Announces Resignation of Directors Sigma Solve Limited announced on March 17, 2026, that Sharmil Gandhi and Nitin Patel have resigned from their positions as Independent Director and Non-Executive Director, respectively. The resignations were effective from March 16, 2026, due to preoccupation.Sharmil Gandhi, DIN: 07659873, served as Non-Executive Independent Director from July 30, 2025. Nitin Patel, DIN: 08370120, served as Non-Executive Director from February 21, 2019. Both directors affirmed they were not debarred from holding office by any SEBI order or other authority.Table: Director ResignationsDetailSharmil GandhiNitin PatelReason for ResignationPreoccupationPreoccupationDate of ResignationMarch...

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...