Markets

NMDC Steel Extends Additional Charge for Director (Commercial) NMDC Steel Ltd. announced an extension of the additional charge for the Director (Commercial) position to Vinay Kumar, who currently serves as Director (Technical). The extension, effective April 7, 2026, will continue for one year or until a permanent Director (Commercial) is appointed, whichever occurs first.The decision follows an order from the Ministry of Steel, Government of India, reference S-14013/2/2025-BLA-Part(1) dated March 30, 2026, and Order No. 4(3)/2022-NMDC dated March 20, 2023.NMDC Steel Limited is a Government of India Enterprise.Source:

Crude Oil Prices Decline After Recent Rally Oil prices edged lower on Tuesday, March 31, snapping a recent gaining streak after reports indicated that US President Donald Trump may be open to ending the ongoing conflict with Iran.Brent crude futures for May declined by $1.22, or 1.08%, to $111.56 per barrel, after rising nearly 2% earlier in the session. The more actively traded June contract was quoted at $105.76.US West Texas Intermediate (WTI) crude futures for May fell 98 cents, or 0.95%, to $101.90 per barrel, after touching their highest level since March 9 during early trading.Trump Signals Possible De-escalation Market sentiment shifted after reports suggested that Donald Trump had told aides he may consider halting...

Rossell Techsys Focuses on India's Defence Sector, Plans for Rapid Expansion Rossell Techsys Limited is strategically positioning itself to capitalize on the growth within India’s defence sector, according to a report released by The Week. The company is targeting rapid scale-up to meet anticipated demand.The announcement was made on March 31, 2026, and disseminated to the Bombay Stock Exchange (BSE Scrip Code: 544294) and the National Stock Exchange of India Limited (NSE Scrip Symbol: ROSSTECH).Source:

Grand Continent Hotels Limited Enters into Memorandum of Understanding for Hotel Operation Grand Continent Hotels Limited announced on March 30, 2026, that it entered into a Memorandum of Understanding (MOU) with M/s Idris Hotels and Resorts, a proprietorship firm owned by Ms. Kalima Banu, to facilitate a definitive lease and license/revenue-sharing agreement for hotel operations. The MOU is intended to enable the operation of a hotel by Grand Continent Hotels Limited.The MOU will remain in effect for 12 months, with the subsequent lease and license/revenue-sharing agreement anticipated to extend for nine years.Under the agreement, Grand Continent Hotels Limited will operate a hotel with 30 rooms at a property located in...

International Combustion India Appoints New Company Secretary International Combustion India Ltd. announced the resignation of Company Secretary, Mr. P. R. Sivasankar, effective March 31, 2026. Following a recommendation from its Nomination & Remuneration Committee, the Board of Directors approved the appointment of Mr. Kundan Jaiswal as the new Company Secretary, effective April 1, 2026. Mr. Jaiswal will also serve as the Compliance Officer for the company.Mr. Sivasankar’s resignation, citing personal reasons, will be presented to the Board meeting scheduled for February 6, 2026, and he will serve a three-month notice period.Mr. Kundan Jaiswal holds a B.Com (Hons.) degree and is an Associate Member of the Institute of Company...

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...