Markets

Mphasis and Flagstar Bank Complete First Phase of Technology Modernization New York, March 30, 2026 – Mphasis (BSE: 526299; NSE: MPHASIS), a technology solutions provider, announced the successful completion of the first phase of a technology modernization program with Flagstar Bank, N.A. (NYSE: FLG). The collaboration, which began one year ago, focused on establishing a next-generation data center and cloud platform to support Flagstar's transformation into a leading U.S. regional bank.The partnership resulted in a scalable technology platform designed to support Flagstar's evolving business needs and enable future innovation. Flagstar consolidated six legacy data centers into two modern, co-sourced data centers within approximately...

Bank of Baroda Receives Demand Order from Income Tax Department Bank of Baroda announced today, March 30, 2026, that it received a demand order from the Faceless Assessment Unit, Income Tax Department, pertaining to Assessment Year 2019-20.The demand order totals ₹457.25 Crores under section 156 of the Income Tax Act, 1961. The matter concerns the taxability of income from foreign branches and broken period interest paid on the purchase of securities.The bank states that it is currently in the process of filing an appeal with the Commissioner of Income Tax (appeals), National Faceless Appeal Centre (NFAC), and may file a writ petition with the Hon'ble High Court. Bank of Baroda believes it has adequate grounds to support its...

RKEC Projects Limited Discloses Loan Defaults RKEC Projects Limited reported defaults on payments of interest and principal on loans from various banks and financial institutions as of March 30, 2026. The company stated that it is hopeful of securing additional funds to discharge these liabilities.According to a disclosure, the total current default amount comprises a principal of 26.71 crore and interest of 1.41 crore. RKEC Projects Limited’s total outstanding borrowings from banks/financial institutions amount to 194.29 crore, with a total financial indebtedness of 194.29 crore.The lenders involved include Bank of Baroda, HDFC, Unity Small finance Bank Ltd, HDB Financial Services Ltd, Kotak Mahindra Bank Ltd, Mahindra Finance...

Reliance Infrastructure Limited Appoints Secretarial Auditors Reliance Infrastructure Limited announced the appointment of M/s. Vijay S. Tiwari & Associates as Secretarial Auditors for the financial year 2025-26. The decision was approved by the company’s Board of Directors during a meeting held on March 30, 2026.The appointment fills a casual vacancy and the term extends until the conclusion of the next Annual General Meeting.Details of the AppointmentParticularsDetailsName of Secretarial AuditorsM/s. Vijay S. Tiwari & Associates, Practicing Company SecretariesReason for ChangeAppointmentDate of Appointment & TermMarch 30, 2026, until the conclusion of the next Annual General MeetingBrief ProfileM/s. Vijay S. Tiwari...

Delaplex Limited Announces Strategic PSU Contract and Pan-India MDC Rollout Delaplex Limited, a global technology and software development company, announced a major expansion of its Micro Data Center (MDC) services across India’s major metro cities following its national empanelment as a Data Center Service Provider (DCSP) with Bharat Sanchar Nigam Limited (BSNL). The company is leveraging BSNL's existing infrastructure and connectivity to deploy its MDC technology, designed for Edge Computing and providing Class 4 data center compliance.Delaplex's MDC technology reduces latency and is ideal for real-time AI applications, 5G services, and secure enterprise workflows. The rollout follows a successful pilot program in Hyderabad, where...

Innomet Advanced Materials Limited Receives Purchase Order from Scope Metals Group Ltd. Innomet Advanced Materials Limited announced it has received a purchase order dated March 29, 2026, from Scope Metals Group Ltd., an Israeli company.The order, received by the company’s tungsten heavy alloy division, carries a total consideration of USD 207,510 (approximately), excluding applicable taxes and duties. The delivery schedule will be in accordance with the terms outlined in the purchase order.According to the company, no promoter, promoter group, or group company has any interest in Scope Metals Group Ltd. The order does not constitute a related party transaction.Sr. No.ParticularsDetails1Name of the entity order(s)/contract(s)...

Sterling and Wilson Renewable Energy Issues Parent Company Guarantee for USD 31 Million Sterling and Wilson Renewable Energy Ltd. has issued a Parent Company Guarantee (PCG) to ABSA Bank Limited for a value of USD 31 million, equivalent to approximately INR 293.04 Crore. The guarantee supports a Guarantees facility for Sterling and Wilson Engineering (Pty) Ltd., a step-down subsidiary, which is utilizing the facility for solar power projects in South Africa.The PCG, valid for six years from the date of issuance, represents a contingent liability for Sterling and Wilson Renewable Energy. The transaction does not involve any interest from the promoter group and was conducted at arm's length.Details of the Parent Company Guarantee...

CORONA Remedies Acquires Wokadine® from Dr. Reddy's Ahmedabad, March 30, 2026 – CORONA Remedies Limited (BSE: 544644, NSE: CORONA) announced today the acquisition of Wokadine® from Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY). This acquisition, effective March 30, 2026, marks CORONA Remedies’ fifth acquisition.The acquisition of Wokadine®, a brand ranked #2 in the Povidone Iodine India market, reinforces CORONA’s commitment to healthcare and enables deeper penetration into specialty markets. The brand holds potential for accelerated growth under CORONA Remedies’ management.CORONA Remedies will leverage Wokadine®’s legacy of 46 years of trust and protection, increasing equity among Surgeons...

Aditya Vision Limited Expands Retail Presence with New Showrooms in Chhattisgarh Aditya Vision Limited announced an expansion of its retail operations on March 30, 2026, entering the state of Chhattisgarh with the launch of three new showrooms. This expansion marks a significant step in the company’s growth strategy and strengthens its presence in Central India.With the addition of these new locations, Chhattisgarh becomes the fourth state where Aditya Vision Limited operates, alongside Bihar, Jharkhand, and Uttar Pradesh. The company has now surpassed a milestone of 200+ showrooms across these four states.The three new showrooms are located in:S.No.Showroom Name1Aditya Tower, GERoad, Supela, Bhilai-490023, Chhattisgarh...

Torrent Pharmaceuticals Sells Shares in UNM Foundation to Torrent Investments Torrent Pharmaceuticals Limited announced the sale of equity shares in UNM Foundation, a Section 8 company, to Torrent Investments Limited, its holding company, on March 30, 2026. The company sold 50,000 equity shares with a face value of ₹10 each for a total consideration of ₹5,00,000. The transaction was completed at 7:40 PM on the same day.As UNM Foundation is a Section 8 company, it does not generate revenue or turnover. The sale was conducted at arm’s length and constitutes a related party transaction. Torrent Investments Limited is a promoter of Torrent Pharmaceuticals Limited.Source:

Adani Enterprises Subsidiary Acquires SKYIWAVE in Cash Deal Adani Airport Holdings Limited (AAHL), a wholly-owned subsidiary of Adani Enterprises Limited, completed the acquisition of 100% equity shares in SKYIWAVE Private Limited on March 30, 2026. The acquisition, facilitated through a Share Purchase Agreement, marks SKYIWAVE as a wholly-owned subsidiary of AAHL and a step-down subsidiary of Adani Enterprises.The acquisition, valued at INR 3 crore, was conducted at an arm's length and does not involve any related party transactions. SKYIWAVE operates in the Out of Home (OOH) advertising sector, providing hoardings and innovative media solutions.SKYIWAVE was incorporated in India on January 22, 2016. Its financial performance over...

Saatvik Green Energy Subsidiary Secures INR 57.03 Crore Solar Module Supply Order Mumbai, India – March 30, 2026 – Saatvik Green Energy Limited announced today that its subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order valued at INR 57.03 Crores from a renowned domestic Independent Power Producer/EPC player. The order is for the supply of solar PV modules.The order, secured by the company’s material subsidiary, is expected to be executed by March 2026. According to details provided, the order falls under commercial activities and is not related to any promoter, promoter group, or group company interests, nor does it involve related party transactions.Below is a summary of the order details...

Prism Johnson Ltd. Divests Stake in Three Subsidiaries Prism Johnson Limited announced the divestment of its entire equity shareholding in three wholly owned subsidiaries on March 30, 2026. The subsidiaries are Venkataramiah Tile Bath Kitchen Private Limited, Samiyaz Tile Bath Kitchen Private Limited, and Tescon Buildcon Private Limited. As a result of the divestment, the subsidiaries are no longer wholly owned by Prism Johnson Limited, effective March 30, 2026.Mr. Siddharth Khanna and Mr. Nitin Singrodia are the buyers. Neither individual belongs to the promoter group or group companies of Prism Johnson Limited.Consideration received for the sales was Rs. 4,31,932 for Venkataramiah Tile Bath Kitchen Private Limited, Rs. 6,48,510...

Anand Rathi Wealth to Announce Q4 and FY26 Financial Results on April 9 Anand Rathi Wealth Ltd. announced that a meeting of its Board of Directors is scheduled for Thursday, April 9, 2026. The primary agenda for the meeting includes reviewing and approving the audited standalone and consolidated financial results for the fourth quarter and the full financial year ending March 31, 2026.The board will also consider and recommend a final dividend on the company’s equity shares for the financial year ending March 31, 2026, pending shareholder approval at the upcoming 31st Annual General Meeting. Other matters may be addressed with the chair’s permission.In compliance with SEBI regulations, the trading window for company securities will...

Arham Technologies Limited Receives Trading Approval for Preferential Allotment of Equity Shares Arham Technologies Limited announced it has received trading approval from the National Stock Exchange of India Limited (NSE) for 48,92,000 equity shares. The approval, as of March 30, 2026, pertains to shares previously allotted on a preferential basis on February 7, 2026, and February 11, 2026. Each share has a face value of Rs. 10.Trading of these shares will commence on April 1, 2026. The equity shares have a distinctive number range of 16920001 to 21812000. A lock-in period for these shares is in place until September 30, 2026.According to a communication from the NSE, all future critical information and submissions will be...

Amines & Plasticizers Limited Receives Income Tax Assessment Orders and Show Cause Notice Mumbai – March 30, 2026 – Amines & Plasticizers Limited announced today that it has received Income-Tax Assessment Orders (AO) and a Show Cause Notice (SCN) for Penalty from the Assessment Unit, Income Tax Department for Assessment Year (AY) 2013-14. This follows prior communications received on February 27, 2026, and March 21, 2026, regarding similar communications for AY 2014-15 and 2015-16.The assessment order pertains to a demand of Rs. 3,14,30,443, inclusive of interest amounting to Rs. 1,59,85,045. The company has also received a Show Cause Notice (SCN) for Penalty under Section 274 read with Section 271 (1)(c) of the Act in connection with...

PDS Ltd. to Acquire Remaining Stake in Hong Kong Subsidiaries PDS Ltd. announced on March 30, 2026, that it currently holds a 93% equity stake in both GoodEarth Lifestyle Limited, Hong Kong, and Progress Manufacturing Group Limited, Hong Kong. The companies have proposed an acquisition of the remaining 7% equity stake from an existing shareholder. The transaction is contingent upon receiving necessary approvals from regulatory authorities in Hong Kong.According to information released, GoodEarth Lifestyle Limited, HK, has a size of US$200,000.00, divided into 215,061 Class 'A' Ord. shares with voting right and 100 Class 'B' Ord. shares with voting right. Progress Manufacturing Group Limited, HK, has a size of US$10,000.00, divided...

Velan Hotels Ltd. Settles Dispute with Mohan Clothing Company Pvt Ltd. Velan Hotels Limited announced a resolution to its ongoing legal dispute with Mohan Clothing Company Pvt Ltd through an amicable, out-of-court settlement. The agreement effectively closes the appeal case initiated in response to an arbitration award.Previously, an arbitration award had mandated Velan Hotels to refund Rs. 9.82 lakh in interest-free security deposit, alongside an additional claim of Rs. 22.79 lakh for fit-out and interior works, including 9% interest, and Rs. 1.00 lakh for damages and proceedings costs.As part of the settlement, Velan Hotels Limited paid Rs. 20.00 lakh to Mohan Clothing Company Pvt Ltd, which addresses a claim of Rs. 33.61 lakh...

WeWork India Receives Order Regarding Input Tax Credit Allegations WeWork India Management Limited received an Order-in-Original from the Additional Commissioner, CGST Gurugram Commissionerate, Gurugram, under the Central Goods and Services Tax Act, 2017, the Haryana Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017. The order pertains to the period from April 2019 to March 2023 and concerns alleged excess availment and utilization of Input Tax Credit (ITC).The Order details the following financial implications:ParticularsDetailsIGST Demand₹ 1,37,07,208CGST Demand₹ 6,03,32,708SGST Demand₹ 6,03,32,708IGST Penalty₹ 1,37,07,208CGST Penalty₹ 6,03,32,708SGST Penalty₹ 6,03,32,708...

Oil India and CSIR-IMMT Collaborate on Critical Minerals Research Noida, India – March 30, 2026 – Oil India Limited (OIL), a Maharatna PSU, and the Council of Scientific and Industrial Research – Institute of Minerals and Materials Technology (CSIR-IMMT) have signed a Memorandum of Understanding (MoU) to collaborate on joint research and development projects focused on critical minerals. The signing occurred on March 30, 2026.CSIR-IMMT has been designated as the Centre of Excellence for Critical Minerals under the National Critical Mineral Mission (NCMM).The MoU was signed by the Director (Exploration & Development) of OIL and the Director of CSIR-IMMT, witnessed by OIL’s Chairman and Managing Director and attended by Functional...