Markets

Befound Movement Limited Appoints Additional Independent Director Befound Movement Limited, formerly known as Regency Trust Limited, announced the appointment of Ms. Sakshi Dubey as an Additional Non-Executive Women Independent Director on March 27, 2026. The appointment was approved at a board meeting held on the same date.Ms. Dubey’s appointment is effective from March 27, 2026, and is subject to approval from the company’s shareholders. She holds a Bachelor of Arts degree from PRSU (Allahabad State University).According to company information, Ms. Dubey has over three years of experience in operations management. She is described as a “responsible and performance-driven professional” with a foundational understanding of financial...

Metro Brands Limited Reaffirms Credit Ratings on April 2, 2026 Metro Brands Limited (MBL) has reaffirmed its credit ratings, according to a press release dated April 2, 2026. Care Edge Ratings has reaffirmed the 'AA' rating for Long-term Bank facilities and 'A1+' for short-term facilities, with a stable outlook.The instrument-wise rating details are as follows:Sr. NoFacilities/InstrumentsAmount (₹ in Crore)Rating1Long-term / Short-term Bank Facilities56.00 (enhanced from 46.00)CARE AA; Stable/CARE A1+ (Double A; Outlook: Stable/A One Plus)Total Bank Facilities56.00 (Rupees Fifty-Six crore only)The reaffirmation is driven by the extensive experience of promoters, a long-standing presence in the footwear industry, a...

IFB Industries Appoints Arup Das as Additional Executive Director IFB Industries Limited announced the appointment of Arup Das as an Additional Director in the category of Executive Director, effective March 28, 2026. The decision was approved by the company's Board of Directors at a meeting held on that date.Mr. Das, aged approximately 64, holds a B.Sc. from Calcutta University, a bachelor of Engineering from AMIE, and a PGDBM from IBMR. He brings over 38 years of experience in marketing, sales, project management, and general management across various organizations. He has been with IFB since 1992, previously holding leadership positions in the Engineering Division, including Head of departments for Heat Treatment, New Product...

Medi Assist Healthcare Services Ltd. Allots Shares Under Employee Stock Option Scheme Medi Assist Healthcare Services Limited announced the allotment of 92,415 equity shares on April 3, 2026, following the exercise of stock options under the ‘Employee Stock Option Scheme 2013’. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors via a circular resolution.Each share has a face value of Rs. 5. The paid-up equity share capital of the company has increased from Rs. 37,30,47,135, comprising 7,46,09,427 equity shares, to Rs. 37,35,09,210, now consisting of 7,47,01,842 equity shares.The exercise prices for the shares were Rs. 256 and Rs. 273, with premiums of Rs. 251 and Rs. 268 respectively...

Escorts Kubota Limited Announces Tractor Price Increase Escorts Kubota Limited’s Agri Machinery Business Division announced a price increase for its tractors, excluding the Kubota brand, effective April 15, 2026.The price adjustments will vary depending on the specific model, variant, and geographical location. The company cited rising input costs as the reason for the price increase.About Escorts Kubota Limited Escorts Kubota Limited is a leading engineering conglomerate with eight decades of experience. The company operates across agricultural mechanization and construction sectors, aiming to spread prosperity and impact lives. Its business divisions include the Agri Machinery Business Division and the Construction Equipment...

Satin Finserv Limited Reports Strong FY26 Performance Gurugram, April 3, 2026—Satin Finserv Limited (SFL), a wholly owned subsidiary of Satin Creditcare Network Limited (SCNL), announced a strong financial year 2026, marked by operational momentum and scale expansion.SFL crossed a milestone of over Rs. 1,000 crores in assets under management (AUM), registering a growth of approximately 93% year-over-year. Disbursements reached Rs. 700 crores+, reflecting a 120% year-over-year growth, primarily driven by the newly introduced sustainability focused business vertical launched in September 2025.The company strengthened its capital base by raising approximately Rs. 730 crores through debt, including Rs. 37.8 crores (USD 4 million)...

Bajaj Auto Reports Sales Increase in March 2026 Bajaj Auto Limited announced sales figures for March 2026, demonstrating a robust performance across both two-wheelers and commercial vehicles.March 2026 Sales PerformanceThe company’s total sales reached 445,377 units in March 2026, a 20% increase compared to 369,823 units sold in March 2025. Domestic sales rose by 20% to 266,290 units, while exports increased by 21% to 179,087 units.A detailed breakdown of the sales figures is presented below:ParticularsMar-26Mar-25Change%2-WHEELERSDOMESTIC2,21,0211,83,65920EXPORTS1,59,4521,32,07321SUB-TOTAL3,80,4733,15,73221COMMERCIAL VEHICLESDOMESTIC45,26937,81520EXPORTS19,63516,27621SUB-TOTAL64,90454,09120TOTAL...

Asian Markets Rise on Good Friday; Kospi Surges Over 3%, Nikkei Gains Amid Strait of Hormuz Hopes Asian Markets Today Asian equity markets trade higher on Friday, even as several major exchanges remain shut for the Good Friday holiday. Markets in Hong Kong, Singapore, Australia, and India are closed for the Easter weekend, leading to thinner regional participation.Despite the holiday-led pause in key markets, investor sentiment remains positive across open exchanges, supported by easing geopolitical concerns.Kospi Leads Gains, Nikkei Advances South Korea emerges as the top performer in the region, with the Kospi surging 3.23%, while the Kosdaq index rises 1.45%.In Japan, the Nikkei 225 advances 1.27%, and the broader Topix index...

Axis Bank to Invest Rs. 389 Crores in Axis Max Life Insurance Mumbai – April 3, 2026 – Axis Bank Limited is set to invest up to Rs. 389 crores in Axis Max Life Insurance Limited through a preferential allotment of equity shares, according to a filing by Max Financial Services Ltd.The Board of Directors of Axis Max Life Insurance considered a proposal to raise funds via the issuance of equity shares to Axis Bank. This investment will involve the allotment of 2,50,56,200 equity shares, each with a face value of Rs. 10, at an issue price of Rs. 151.90 per share, including a share premium of Rs. 141.90.Following the investment, Axis Bank Limited will collectively hold 19.99% of the equity share capital of Axis Max Life. Max Financial...

Pan Electronics India Ltd. Repays Loan to Punjab National Bank Pan Electronics India Ltd. announced on April 2, 2026, the repayment of a loan obtained from Punjab National Bank. The repayment concludes the loan obligation.According to a filing, the original loan comprised a Cash Credit facility of Rupees One Crore and a Term Loan of Rupees Three Crore Seventy One Lakhs Five thousand. The loan was modified on July 18, 2025, reducing the total loan amount to Rupees 3,21,05,000. The initial loan agreement was established on June 14, 2019.The Cash Credit facility was secured by a charge on current assets including stock, book debts, and raw materials. The Term Loan was secured by the hypothecation of machinery.The company stated that...

Bank of Baroda Reports Strong Business Growth in Fiscal Year 2026 Bank of Baroda announced its financial performance for the period ending March 31, 2026, reporting substantial year-over-year growth across key business segments. The bank's Global Business increased by 13.93% to ₹ 30.79 trillion.Global Advances demonstrated robust expansion, rising 16.23% year-over-year to ₹ 14.30 trillion. Global Deposits also saw significant growth, increasing 12.00% to ₹ 16.49 trillion.A comparative overview of the bank’s performance is presented below:Bank of Baroda Performance (₹ crore)31.03.2025 (Audited)31.12.2025 (Reviewed)31.03.2026 (Provisional)*Y-o-Y Growth (%)Global Business27,02,49628,91,65330,78,85413.93%Global...

CKK Retail Mart Limited Announces Change in Market Maker C K K Retail Mart Limited announced that SVCM Securities Private Limited (TM Code 90216) will cease to function as the Market Maker for the company's equity shares listed on the NSE EMERGE Platform, effective April 1, 2026. The change is due to the Market Maker's pre-occupancy.The company has initiated the process of appointing a new Market Maker and anticipates completing the appointment within a week. Oneview Corporate Advisors Private Limited, the company’s Merchant Banker, has been informed and confirmed no objection to the change.Market Maker Transition DetailsMember Name (Outgoing Market Maker)Action to be TakenEffective dateSVCM Securities Private Limited (TM...

Clean Max Enviro Energy Solutions Completes Early Redemption of NCDs Clean Max Enviro Energy Solutions Ltd. announced the full, early redemption of its Senior, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on April 2, 2026. The redemption, approved by debenture holders and the debenture trustee, involves a total of INR 499,00,00,000 (Indian Rupee Four Hundred and Ninety-Nine Crore only), with each debenture having a face value of INR 10,00,000.The company confirmed timely payment of both interest and principal. Interest payments included a net interest amount of INR 30,85,590 and INR 3,21,192 for TDS on April 2, 2026, covering the period from April 1, 2026, to April 2, 2026. The record date for the interest payment was...

Nexus Select Trust Subscribes to INR 115 Crores in NCDs Nexus Select Trust announced it has subscribed to redeemable, unlisted, unrated, secured, non-convertible debentures (NCDs) totaling INR 115 Crores from Runwal Residency Private Limited, a real estate company. The subscription was approved by the Board of Nexus Select Mall Management Private Limited, Manager to Nexus Select Trust, on February 23, 2026.The Trust subscribed to the NCDs on April 2, 2026, against second ranking security. The transaction was previously detailed in a filing dated February 23, 2026.Source:

Lemon Tree Hotels Expands Presence in Nepal with New Simara Hotel Lemon Tree Hotels Ltd. announced the signing of a new Lemon Tree Hotel in Simara, Nepal, marking the brand's seventh property in the country. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.Located 2 kilometers from Simara Airport, the upcoming hotel will feature 98 well-appointed rooms, a restaurant, banquet and conference facilities, a bar lounge, and recreational amenities including a swimming pool, spa, and fitness center.According to Neelendra Singh, Managing Director & CEO of Lemon Tree Hotels Ltd., Nepal is a structurally attractive market with expanding hospitality demand. The signing in...

Union Bank of India Reports Growth in Advances and Deposits Union Bank of India announced financial updates for the period ending March 31, 2026. Total Gross Advances grew by 9.76% year-over-year (YoY), while Total Domestic Advances increased by 10.06% YoY. RAM Advances (Domestic) experienced a significant rise of 12.59% YoY. Domestic CASA Deposits saw growth of 7.90% YoY and 10.82% quarter-over-quarter (QoQ).The bank's business (Global) totaled Rs. 23,85,679 crores, a 5.79% YoY increase. Global Advances reached Rs. 10,78,779 crores, up 9.76% YoY. Global Deposits amounted to Rs. 13,06,900 crores, showing a 2.72% YoY increase.Domestic business stood at Rs. 23,47,419 crores, a 5.85% YoY growth. CASA Deposits within the domestic...

3i Infotech Awarded Digitization Project by Leading Indian Bank 3i Infotech Ltd. announced on April 2, 2026, that it has received an order from a leading private sector bank in India for a digitization and document management project. The project focuses on the bank’s legacy credit card application records.The engagement encompasses a range of services, including inventory preparation, data entry, barcoding, scanning, indexing, secure data handling, reporting, and shredding of records. The contract, structured as a rate card-based agreement, carries an approximate value of Rs. 2.04 Crore, excluding applicable taxes, and is based on anticipated volumes.Under the terms of the 12-month contract, 3i Infotech will assist the bank in...

IIFL Finance Announces Leadership Changes in Gold Loans Division IIFL Finance Ltd. announced changes in its senior management personnel, effective April 2, 2026. Manish Mayank resigned from his position as Business Head - Gold Loans, to pursue other career opportunities. Simultaneously, Mayank Sharma’s designation has changed from Chief AI & Innovation Officer to Business Head - Gold Loans.Sharma’s appointment as Head of the Gold Loan Business reinforces IIFL Finance's commitment to scaling its strategic franchise. He brings over two decades of experience within the Group, including experience in building the gold loan vertical and establishing 230+ branches. His recent leadership in driving AI-led transformation across lending...

Hinduja Global Solutions Limited Receives Income Tax Assessment Order Hinduja Global Solutions Limited announced it received an assessment order under Section 143(3) of the Income Tax Act, 1961, from the Office of the Assistant Commissioner of Income Tax, Central Circle 2(3), Mumbai, for Assessment Year 2021-22. The order was received April 1, 2026.The assessment order disallowed a foreign exchange loss of ₹34.31 crores, resulting in a total demand of ₹15.49 crores, including ₹6.95 crores in interest.Source:

ADF Foods Limited Receives Approval for Amalgamation Scheme ADF Foods Limited announced that the Regional Director (RD) - North Western Region, Ministry of Corporate Affairs, Ahmedabad, has approved the Scheme of Amalgamation between ADF Foods (India) Limited and Telluric Foods Limited, both subsidiaries of ADF Foods Limited, and their respective shareholders and creditors. The approval, received on April 2, 2026, was granted under Section 233 of the Companies Act, 2013.The merger will take effect from an appointed date, upon filing of the Order with the Registrar of Companies. ADF Foods (India) Limited will stand dissolved upon completion of the scheme.According to details disclosed, Telluric Foods Limited reported a turnover of...