Markets

IRB InvIT Fund Receives Credit Rating Reaffirmation April 1, 2026 – IRB InvIT Fund has received a reaffirmation of its credit ratings from Care Ratings Limited. The ratings reflect the Trust’s financial strength and operational performance.Care Ratings has reaffirmed the long-term bank facilities at CARE AAA; Stable, and the issuer rating at CARE AAA; Stable. The amount for long-term bank facilities has been reduced from Rs. 2,728.18 crore to Rs. 2,501.11 crore.The following table summarizes the reaffirmed ratings:Facilities / InstrumentsAmount (Rs in crore)RatingRating actionLong Term Bank Facilities @2,501.11CARE AAA; StableRe-affirmedIssuer Rating-CARE AAA; StableRe-affirmedSource:

Mahindra & Mahindra Reports Robust Sales Growth in March 2026 Mumbai, April 1, 2026: Mahindra & Mahindra Ltd. (M&M Ltd.) announced auto sales of 99,969 vehicles for March 2026, a 21% growth including exports.In the Utility Vehicles segment, Mahindra sold 60,272 vehicles in the domestic market, a 25% growth. Overall, 62,109 vehicles, including exports, were sold. Domestic sales for Commercial Vehicles stood at 24,928, a 11% growth.The financial year concluded with all-time-high volumes of 660,276 SUVs and 289,597 LCVs (<3.5T), delivering robust year-over-year growth of 20% and 13%, respectively, across both segments.According to Nalinikanth Gollagunta, CEO of the Automotive Division, "The Financial year ended on a very positive...

Power Mech Projects Limited Secures Order from Hindustan Zinc Power Mech Projects Limited announced on April 1, 2026, that it has secured a work order from Hindustan Zinc Limited. The order, valued at ₹ 109.22 Crores (excluding Goods & Services Tax), involves operation and maintenance services for a 91.5MW CPP and transmission line up to the MRSS.Under the terms of the contract, Power Mech will act as an independent contractor, providing comprehensive operation and maintenance services to Hindustan Zinc. The project is expected to be executed within forty-eight months.Hindustan Zinc Limited, a domestic entity, awarded the work order. Neither the company nor its promoters or group companies have any interest in Hindustan Zinc. The...

DEE Development Engineers Limited Secures Tariff Order for Biomass Power Plant, Anticipates ₹5.80 Crore Revenue Recovery DEE Development Engineers Limited announced that the Punjab State Electricity Regulatory Commission (PSERC) has determined a tariff for the 6 MW biomass-based power plant of its wholly owned subsidiary, M/s Malwa Power Pvt. Ltd. (MPPL), located in Punjab. The order, dated March 27, 2026, covers an extended term of 10 years following the expiry of the initial 20-year Power Purchase Agreement (PPA) with Punjab State Power Corporation Limited (PSPCL), which concluded April 26, 2025.During the pendency of the petition, MPPL received an interim tariff of ₹3.50 per kWh. The Commission’s new tariff is ₹5.224 per kWh...

Shipwaves Online Limited Secures Logistics Digitalization Order from FedEx Shipwaves Online Limited has received purchase orders totaling Rs. 35,68,500 from FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd. The orders are for the implementation and maintenance of a comprehensive, end-to-end logistics digitalization solution tailored to FedEx's operational needs.The contract, awarded on an immediate basis, falls within domestic operations and does not involve any related party transactions. Promoters, promoter groups, or group companies have no interest in FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd.Order Details:ParticularsDetailsEntity Awarding OrderFedEx Express Transportation...

Power Grid Corporation of India Appoints Burra Vamsi Rama Mohan as Chairman & Managing Director Power Grid Corporation of India Limited (POWERGRID) announced the appointment of Shri Burra Vamsi Rama Mohan as Chairman & Managing Director (CMD) effective April 1, 2026. The appointment follows a Ministry of Power order dated March 18, 2026.Shri Vamsi Rama Mohan, DIN: 09806168, previously served as Director (Projects) at POWERGRID. His term will continue until his superannuation on July 31, 2030, or until further orders.He holds a Post Graduate Diploma in Planning & Project Management and a Post Graduate Diploma in Management from the Management Development Institute (MDI, Gurugram). Shri Vamsi also participated in leadership programs...

DEE Development Engineers Limited Announces Final Tariff Order for Biomass Power Project DEE Development Engineers Limited announced that the Punjab State Electricity Regulatory Commission (PSERC) has determined the tariff for the 6 MW biomass-based power plant of its wholly-owned subsidiary, Malwa Power Pvt. Ltd. (MPPL), located in Village Gulabewala, Mukatsar, Punjab.The order, dated March 27, 2026, follows directions from the Appellate Tribunal for Electricity (APTEL) and concerns the extended 10-year term of the project beyond its initial 20-year period, which expired on April 26, 2025. The plant was initially commissioned on April 27, 2005, under a Power Purchase Agreement (PPA) with Punjab State Power Corporation Limited...

Paisalo Digital Limited Receives Credit Ratings from Infomerics Analytics Paisalo Digital Limited announced that Infomerics Analytics and Research Private Limited has assigned new ratings for its Non-Convertible Debentures (NCDs) and reaffirmed existing ratings for its bank facilities and commercial paper.The ratings, as of March 31, 2026, are detailed in the table below:Borrowings Type / Instrument TypeRatingAmount (Rs. Crores)Rating ActionLong Term Bank FacilitiesIVR AA/Stable4500ReaffirmedNon-Convertible Debentures (NCD)IVR AA/Stable559ReaffirmedNon-Convertible Debentures (NCD)IVR AA/Stable1500AssignedCommercial Paper (CP)IVR A1+540ReaffirmedThe company's total outstanding ratings amount to ₹7,099.00 Crores...

Bosch Home Comfort India Limited Updates on Gas Supply Restriction Bosch Home Comfort India Limited, formerly known as Johnson Controls-Hitachi Air Conditioning India Limited, announced an update on April 1, 2026, regarding the impact of restricted gas supply. The update follows an earlier notification on March 10, 2026, concerning the invocation of force majeure by gas suppliers and a subsequent government order limiting supply due to the ongoing war situation in Asia’s Middle East region.The company has evaluated the situation and confirmed that the restricted gas supply does not currently have a material impact on operations. Bosch Home Comfort India Limited maintains sufficient inventory of finished goods to meet market demand...

Kinetic Engineering Ltd. Invests in Subsidiary Kinetic Watts and Volts Limited Kinetic Engineering Limited announced an investment of INR 10,00,00,000 (Rupees Ten Crore) in its subsidiary, Kinetic Watts and Volts Limited, on April 1, 2026. The investment involves the subscription of 1,00,00,000 equity shares at a price of INR 10 per share.Kinetic Watts and Volts Limited was incorporated on September 27, 2022, and operates in the automobile sector. Following the share allotment, Kinetic Engineering Limited holds an 82.89% stake in Kinetic Watts and Volts Limited.The transaction, which is considered a related-party transaction due to Kinetic Watts and Volts Limited being a subsidiary, was conducted at arm’s length.Kinetic Watts and...

Virtual Galaxy Infotech Limited Reports Estimated Turnover of Rs. 5,466.07 Lakhs for March 2026 Quarter Virtual Galaxy Infotech Limited announced an estimated standalone turnover of Rs. 5,466.07 Lakhs for the quarter ended March 31, 2026. The company’s turnover for the year ended March 2026 reached Rs. 18,205.64 Lakhs.The company’s turnover performance, compared to the previous year, is detailed below:FINANCIAL YEAR 2025-2026FINANCIAL YEAR 2025-2026FINANCIAL YEAR 2025-2026FINANCIAL YEAR 2025-2026ParticularsFinancial Year 2025- 2026Quarter Ended March, 2026Quarter Ended December, 2025Half Year Ended September, 2025YoY GrowthTurnover (Rs. in Lakhs)18,205.645,466.074,126.458,613.1251.53%FINANCIAL YEAR 2024-2025FINANCIAL...

RMC Switchgears Limited to Migrate to Main Board of BSE and List on NSE Starting April 1, 2026 Jaipur, Tuesday, March 31, 2026 (BSE: 540358, NSE: RMCSWITCH) – RMC Switchgears Limited announced it has received approvals to migrate its equity shares from the SME Platform of BSE to the Main Board of BSE Limited and for listing on the National Stock Exchange of India Limited (NSE). The migration and listing will be effective April 1, 2026.The move marks a significant milestone for the company, reflecting its growth and commitment to strengthening governance standards and investor engagement. RMC Switchgears anticipates the listing will enhance its visibility in capital markets and facilitate broader investor participation."Receiving...

Indian Oil Corporation Announces Superannuation of Senior Management Personnel Mumbai – Indian Oil Corporation Ltd. announced the superannuation of three senior management personnel, effective March 31, 2026. The changes affect individuals reporting one level below the Board of Directors.Mr. M Annadurai, Executive Director & State Head for the Tamil Nadu State Office, has retired from his position. Additionally, Mr. Arvind Acharya, Executive Director (PAG) at the Corporate Office, and Ms. Piyali Chakraborty, Executive Director-I/c (HR) at Refineries Headquarters, have also superannuated.The changes were disclosed in reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.Source:

EaseMyTrip Partners with NSDC and Sanatan AI to Formalize India’s Spiritual Economy New Delhi, April 01 2026 – EaseMyTrip, a leading online travel-tech platform in India, has announced a strategic collaboration with the National Skill Development Corporation (NSDC) and Sanatan AI, alongside the Bhagva platform, to launch a national-level entrepreneurship initiative focused on formalizing India’s spiritual services economy.The initiative, structured as a Panchayat-level model under the framework '1 Panchayat 1 Pandit -SANATANAI Shop on Wheels by EMT,' aims to enable Pandits, Pujaris, and Sanskrit-trained youth to become certified micro-entrepreneurs through training, standardized service delivery, and access to institutional financing...

Hindustan Aeronautics Limited Announces Leadership Change at MiG Complex Hindustan Aeronautics Limited (HAL) announced changes in the leadership of its MiG Complex on April 1, 2026. The changes pertain to the Chief Executive Officer (CEO) position.Shishir Kumar Patra has been appointed as the new CEO of the MiG Complex, effective April 1, 2026. This appointment follows the superannuation of Saket Chaturvedi, who served as CEO until March 31, 2026.The changes were disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. HAL's stock trades on the BSE under the scrip code 541154 and on the NSE under the symbol HAL.Sl. No.NameDesignationDate of ChangeReason of Change1Shri Shishir...

Grand Continent Hotels Ltd. Launches 30th Property in Gurugram Grand Continent Hotels Limited (GCH) announced the launch of its 30th property, located in Gurugram, India, on March 30, 2026. This expansion marks the company’s entry into the North India market, a key strategic move for GCH.The hotel, situated in Sector 45-Greenwood City, near Unitech Cyber Park and HUDA City Centre Metro, caters to corporate travelers, long-stay guests, and domestic leisure segments.The property features 38 well-appointed rooms, including 20 Premium Rooms with Balcony and 18 Deluxe Rooms. Amenities include high-speed Wi-Fi, smart TVs, minibars, and work desks. The hotel also offers Flavor's, a multi-cuisine restaurant, in-room dining, a fitness...

Steel Strips Wheels Ltd. Reports Record Sales in March 2026 Steel Strips Wheels Ltd. (SSWL) announced record-breaking performance for March 2026, marking a significant milestone in the company's growth trajectory. The company achieved its highest ever monthly sales, surpassing the ₹500 crore mark for the first time.Performance HighlightsSSWL saw substantial growth across key segments in March 2026. Sales in the Commercial Vehicle (Truck) segment reached a record high, experiencing a 74% year-over-year (YOY) increase in volume. The Tractor segment also demonstrated robust growth, with monthly sales up 31% YOY by volume.Financial SummaryThe company’s financial results reflect strong double-digit growth across key metrics...

izmomicro Expands Defence Electronics Supply Business with Advanced Semiconductor Packaging BENGALURU, INDIA - April 01, 2026 - izmomicro (izmo Microsystems Pvt. Ltd.), the advanced semiconductor packaging subsidiary of izmo Limited, announced today the ongoing supply of advanced semiconductor packaging solutions to India's defence electronics sector. This marks a significant expansion of its business in high-reliability, mission-critical applications.The company is currently supplying advanced packaging technologies for defence electronics programs in two specialized areas: high-frequency RF module packaging, and radar receiver module assembly and packaging.izmomicro supplies advanced packaging solutions for RF integrated circuits...

Max Healthcare Institute Ltd. Allots Shares Under Employee Stock Option Scheme Max Healthcare Institute Limited announced the allotment of 57,461 equity shares on April 1, 2026, following the exercise of vested stock options under the Max Healthcare Institute Limited - Employee Stock Option Scheme 2022. The Nomination & Remuneration Committee approved the allotment. Each share has a face value of ₹10.The allotment increases the company’s paid-up equity share capital from ₹973,13,50,410 to ₹973,19,25,020, and the number of equity shares from 97,31,35,041 to 97,31,92,502.Details of the allotment are as follows:ParticularsDetailsCompany Name & AddressMax Healthcare Institute Limited, 401, 4th Floor, Man Excellenza, S. V. Road...

Alicon Castalloy Announces Leadership Change Alicon Castalloy Ltd. announced a change in leadership effective March 31, 2026. Rajeev Sikand relinquished his position as Chief Executive Officer due to superannuation. Sumit Bhatnagar has assumed the role of Chief Executive Officer, also serving as a Key Managerial Personnel.Sumit Bhatnagar brings over 26 years of experience in the automotive industry. Previously, he served as Group President of ANAND since January 2017, and as Managing Director of ANEVOLVE since January 2022. He also held positions at Gabriel India Limited and Anand CY Myutec. Mr. Bhatnagar holds a BE in Production Engineering and a PGDBM in Finance and Strategy. He is not related to any of the company’s directors...