Markets

City Union Bank Reaffirms Credit Rating with Positive Outlook City Union Bank Ltd. announced that CARE Ratings Limited has reaffirmed its issuer rating of CARE AA-; Positive. The rating action was reviewed by the Rating Committee of CARE Ratings Limited on March 30, 2026.The reaffirmed rating reflects the bank's financial strength and performance. The outlook has been revised from Stable to Positive, indicating a potential for rating upgrade in the future.CARE Ratings Credit Rating DetailsType of RatingRatingRating ActionIssuer RatingCARE AA-; PositiveReaffirmed; Outlook revised from StableThe bank is headquartered at 149, T.S.R. (Big) Street, Kumbakonam, Tamil Nadu.Source:

Blue Cloud Softech Solutions Ltd. Receives Purchase Orders from Hyderabad City Police Hyderabad, Telangana, March 31, 2026 – Blue Cloud Softech Solutions Limited (BCSSL) (BSE: 539607), a provider of AI-driven enterprise and digital infrastructure solutions, announced it has received two purchase orders from the Hyderabad City Police.The orders cover the supply, installation, and commissioning of AI-enabled high-performance rack servers and GPU-powered infrastructure, along with the deployment of 'Blura Saga,' an AI-powered social media monitoring and intelligence platform for the Social Media Unit.About Blura Saga Platform 'Blura Saga' is an AI-powered digital intelligence platform designed to monitor, analyze, and interpret social...

Lupin Receives Tentative FDA Approval for Sugammadex Injection Mumbai, India, Naples, FL, March 31, 2026 – Lupin Limited (BSE: 500257) (NSE: LUPIN) announced today it received tentative approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Sugammadex Injection, 200 mg/2 mL (100 mg/mL) and 500 mg/5 mL (100 mg/mL) Single-Dose Vial.The FDA’s tentative approval designates Lupin’s Sugammadex Injection as bioequivalent to Merck’s Bridion® Injection. This product is intended for the reversal of neuromuscular blockade induced by rocuronium bromide and vecuronium bromide in adult and pediatric patients aged 2 years and older undergoing surgery.Lupin Limited is a global...

Asian Markets Today: Kospi Slides 4%, Nikkei Drops 2.2% as US-Iran Conflict Escalates Asian markets witnessed broad-based declines on Tuesday, March 31, as rising crude oil prices and escalating tensions in the Middle East weighed heavily on investor sentiment.Asian Stock Market Performance South Korean equities led the losses, with the Kospi plunging more than 4%, while the small-cap Kosdaq index dropped over 3%. The South Korean won also weakened sharply, falling 0.63% to 1,526.9 against the US dollar, marking its lowest level since 2009.In Japan, the Nikkei 225 declined 2.2%, and the broader Topix index slipped 1.4%, reflecting cautious investor positioning amid global uncertainty.Australia’s S&P/ASX 200 edged lower by 0.56%...

NTPC Green Energy Subsidiary Signs Green Ammonia Purchase Agreement NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Green Energy Limited (NGEL), announced on March 31, 2026, that it has entered into a Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India Limited (SECI). The agreement supports the SIGHT Scheme of the National Green Hydrogen Mission, Government of India.Under the terms of the agreement, NTPC Renewable Energy Limited will supply 70,000 MTPA of Green Ammonia to Krishna Phoschem Limited, located in Meghnagar, Madhya Pradesh. SECI will serve as the intermediary procurer in this transaction.This agreement represents a significant milestone for NGEL’s Green Hydrogen and Green...

Jost’s Engineering Company Limited Completes Sale of Joint Venture Stake Jost’s Engineering Company Limited has finalized the sale of its 50% equity investment in Suryavayu Renewable and Energy Solutions Private Limited (SRESPL) to Kay Cee Energy & Infra Limited. The transaction concluded on March 30, 2026, upon receipt of consideration of Rs. 1,03,100.This follows prior notification on March 24, 2026, regarding the initial approval for the divestment. As a result of the sale, SRESPL is no longer considered a joint venture of Jost’s Engineering Company Limited, effective March 30, 2026.Source:

Thrive Future Habitats Ltd. Completes Sale of Subsidiary Thrive Future Habitats Limited (formerly known as Ador Multiproducts Limited) announced the completion of the sale of its 58% shareholding in Aura Flow Private Limited (formerly Anatomicals Ador India Private Limited), a subsidiary of the company. The transaction follows earlier disclosures made on November 14, 2025.The company received consideration of INR 1,740 (Rupees One Thousand Seven Hundred Forty Only) for the sale. Ms. Mei Ling Foon Ming Lee acquired the 1,73,998 equity shares, representing 58% of Aura Flow Private Limited. As a result of the transaction, Aura Flow Private Limited is no longer a subsidiary of Thrive Future Habitats Limited.According to details...

National Highways Infra Trust Announces Appointed Date for Round 5 Roads National Highways Infra Trust (NHIT) has received confirmation of the appointed date for Round 5 Roads, also known as 'InvIT Bundle 5'. This announcement follows the signing of a Concession Agreement between the National Highways Authority of India (NHAI) and NHIT Western Projects Private Limited (NWPPL) on March 17, 2026, and the fulfillment of necessary condition precedents.The appointed date for the following Concession Agreements is April 1, 2026, at 00:00 hours (midnight March 31, 2026 / April 1, 2026):Amravati-Chikhali-Tarsod Gundugolanu-Chinna AvutapalliThis development marks a significant milestone for the trust and its investors. The declaration of...

Majestic Auto Ltd. Completes Sale of Leasehold Property Majestic Auto Limited announced the completion of the sale of its leasehold property situated at B-6, B-7 and B-9 Ecotech 1 Extension, Sector Ecotech-I, Greater Noida, Distt. Gautam Budh Nagar (U.P.), admeasuring approximately 54,312 square meters. The transaction was approved by the Board of Directors on December 23, 2022, and subsequently by the members on February 4, 2023.The sale was executed in favor of Cyrrus Manufacturing LLP, a buyer who is not affiliated with the company’s promoter group. An advance amount of ¥5,00,00,000 (Rupees Five Crore only) was previously received towards the total sale consideration.The total consideration for the transaction amounts to INR...

Rane Holdings Announces Board Meeting and Trading Window Closure Rane Holdings Limited has scheduled a board meeting for May 15, 2026, to review and approve the audited financial results for both standalone and consolidated entities for the quarter and year ending March 31, 2026.In accordance with the company's insider trading regulations, the trading window for promoters, directors, connected persons, and designated employees will be closed from March 31, 2026, to May 17, 2026, inclusive. This closure is specifically for considerations related to the audited financial results for the quarter and year ending March 31, 2026.Rane Holdings Limited is listed on the BSE under Scrip Code 505800 and on the NSE under Symbol RANEHOLDIN...

MCX Subsidiary Transfers Funds to Core Settlement Guarantee Fund Multi Commodity Exchange of India Limited (MCX) announced that its wholly-owned subsidiary, Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), transferred 50 Lakh to its Core Settlement Guarantee Fund on March 27, 2026. The transfer was made as a ‘Financial Disincentive’ related to a technical glitch that occurred on January 28, 2026.According to a filing, the action was taken in accordance with SEBI circular no. SEBI/HO/MRD1/DTCS/CIR/P/2021/590 dated July 05, 2021. The financial impact of the disincentive is limited to the amount transferred and does not affect the operations or other activities of MCX and MCXCCL.The details related to this action are...

Ashiana Housing Limited Postpones EGM and Sets Record Date Ashiana Housing Limited announced a postponement of its 1st Extra-Ordinary General Meeting (EGM) for FY 2026-27, initially scheduled for April 17, 2026. The meeting will now be held on Wednesday, April 22, 2026, at 11:30 a.m. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).The company has set April 15, 2026, as the record date for determining shareholder eligibility to vote at the EGM. Shareholders registered as of the close of business hours on that date will be entitled to vote remotely or at the EGM. The EGM notice has been distributed electronically and is available on the company's website, www.ashianahousing.com.Appointment and RemunerationThe EGM...

Anlon Technology Solutions Limited Receives Working Capital Loan of Rs. 10 Crores Anlon Technology Solutions Limited announced on March 30, 2026, that its Board of Directors approved a working capital loan facility of Rs. 10 crores from Union Bank of India. The loan is intended to meet the company's business requirements.The Board meeting commenced at 6:30 P.M. and concluded at 7:30 P.M.The details of the loan facility are as follows:Sl NoParticularRemarks1Name of BorrowerAnlon Technology Solutions Limited2Name of LenderUnion Bank of India3Nature of LoanWorking Capital Facility4Total amount of Facility grantedFund Based Facility - 10.00 Cr Non-Fund Based Facility - NIL5Total amount of Existing FacilityNA6Total...

H.G. Infra Engineering Transfers Stake in Subsidiary to Neo Infra Income Opportunities Fund H.G. Infra Engineering Limited announced the transfer of a 49% stake in H.G. Khammam Devarapalle PKG-1 Private Limited to Neo Infra Income Opportunities Fund on March 30, 2026. The transaction, which began with a Securities Purchase Agreement executed on January 15, 2026, involved a total consideration of ₹ 233.77 crore.As a result of the stake transfer, H.G. Khammam Devarapalle PKG-1 Private Limited, previously a wholly-owned subsidiary, now remains a subsidiary of H.G. Infra Engineering Limited. The remaining 51% stake will be transferred in accordance with transaction documents.According to data for the financial year ended March 31, 2025...

Global Surfaces Limited Appoints Additional Director, Announces Leadership Changes Global Surfaces Limited announced several changes to its Board of Directors on March 30, 2026. The company appointed Mr. Rakesh Grover as an Additional Director (Non-Executive Independent Director) with effect from March 30, 2026, for a term of two consecutive years, subject to shareholder approval. Mr. Grover brings over 37 years of experience in the banking and financial services sector.Mr. Ashish Kumar Kachawa resigned from his position as Non-Executive, Non-Independent Director, effective from the close of business hours on March 30, 2026. He also resigned from his position as Director of Global Surfaces FZE, a material subsidiary of the company...

Nazara Technologies Acquires Remaining Stake in Next Wave Multimedia Nazara Technologies Limited announced the acquisition of an additional 4,188 equity shares in Next Wave Multimedia Private Limited on March 30, 2026. The acquisition, executed as per a Share Purchase Agreement dated May 24, 2024, represents 12.56% of Next Wave Multimedia’s equity share capital.The aggregate consideration for the acquisition totaled INR 7,50,08,955. This transaction increases Nazara Technologies’ ownership in Next Wave Multimedia from 87.44% to 100%, making it a wholly owned subsidiary. Each share had a face value of INR 100.Source:

R Systems International Limited Appoints Farooq Ahmad as Chief Revenue Officer R Systems International Limited announced the appointment of Farooq Ahmad as Chief Revenue Officer, effective March 30, 2026.Mr. Ahmad brings extensive experience to the role, with nearly three decades in the IT services industry. He previously held leadership positions at HCL Technologies and Brillio, where he served as Regional Revenue Officer and Managing Director. Mr. Ahmad holds a B.Sc. Engineering from Z.H. College of Engineering & Technology, AMU, Aligarh, and an MBA from Elkin B. McCallum Graduate School of Business, Bentley University, Massachusetts, USA.The appointment is part of the senior management team of R Systems International Limited...

Signatureglobal Completes Transaction, Forms Joint Venture with RMZ Signatureglobal (India) Limited announced the completion of a transaction resulting in a 50:50 joint venture with RMZ. The completion occurred on March 30, 2026, following previous announcements on February 14, 2026, and March 29, 2026.As part of the transaction, Signatureglobal (along with its three nominees) transferred and sold 35,69,731 equity shares of Rs. 10 each in Gurugram Commercity Limited (GCL) to RMZ (including its three nominees). The sale price was approximately Rs. 158.84 per share, generating a total consideration of approximately Rs. 56.70 crores. Simultaneously, GCL allotted 7,78,60,538 equity shares to RMZ for approximately Rs. 1,236.77 crores...

GMR Power and Urban Infra Acquires Stake in GMR Kamalanga Energy Limited GMR Power and Urban Infra Limited announced the acquisition of a 2.37% stake in GMR Kamalanga Energy Limited (GKEL) from IDFC First Bank Limited. The transaction, completed on March 30, 2026, involved a cash consideration of Rs. 60 crore.GMR Energy Limited, a wholly-owned subsidiary of GMR Power and Urban Infra Limited, acquired 5,09,80,769 equity shares, representing the 2.37% stake. This acquisition is intended to consolidate the company’s existing shareholding in GKEL, bringing the total close to 100%, and to enhance strategic control over the entity.GKEL operates a 1050 MW coal-based power plant. The company’s turnover for the fiscal year 2024-25 was Rs...

Updater Services Limited Appoints Amitabh Jaipuria as Senior Executive Whole-time Director Updater Services Limited announced changes in the designation of Mr. Amitabh Jaipuria, effective April 1, 2026. Mr. Jaipuria has transitioned from a Non-Executive Non-Independent Director to a Senior Executive Director and has been appointed as a Whole-time Director and Key Managerial Personnel.The appointment was approved by the Nomination and Remuneration Committee and the Board of Directors at a meeting held on March 30, 2026. Mr. Jaipuria’s tenure will span three years with the potential for extension based on mutual agreement.Mr. Jaipuria brings over 37 years of experience across diverse sectors including FMCG, telecom, and financial...