Markets

GE Shipping Delivers Very Large Gas Carrier ‘Jag Vishnu’ The Great Eastern Shipping Company Limited (GE Shipping) has delivered its 2002 built Very Large Gas Carrier ‘Jag Vishnu’ to the buyers. The vessel was contracted for sale in Q3 FY26.Following this transaction, GE Shipping's owned fleet consists of 40 vessels, comprising 26 tankers and 14 dry bulk carriers, totaling 3.20 million dwt. The tanker segment includes 5 crude tankers, 17 product tankers, and 4 LPG carriers. The dry bulk carrier segment includes 2 Capesize, 9 Kamsarmax, 1 Ultramax, and 2 Supramax vessels.GE Shipping has contracted to purchase one secondhand Kamsarmax Dry Bulk Carrier, with the transaction expected to be finalized by Q1 FY27.Source:

Kellton Tech Secures A- Credit Rating from ICRA Hyderabad, March 30, 2026 – Kellton Tech Solutions Limited, an AI-led digital transformation and technology consulting company, announced today that ICRA Limited has advanced its credit rating to [ICRA] A- (Stable) from the earlier rating of [IND] BBB+.The upgrade reflects the Company's strengthened credit profile, supported by its healthy operating performance, prudent financial management, and consistent growth momentum. The rating also factors in the Company's comfortable leverage position and adequate debt coverage metrics.ICRA reaffirmed the long-term rating outlook as Stable, indicating an expectation of continued steady financial and operational performance over the medium term...

Globus Spirits Ltd. Announces Board Meeting and Financial Results Timeline Globus Spirits Ltd. will hold a board meeting on May 7, 2026, to review the company’s financial performance. The board will consider and approve the standalone and consolidated financial results for the fourth quarter and the full year ended March 31, 2026.The board will also consider a dividend payout for the financial year 2025-26. A record date and book closure date will be determined in connection with the potential dividend.Trading window for the company’s directors and senior employees has been closed since April 1, 2026, and will remain closed until May 9, 2026, reopening on May 10, 2026.Globus Spirits Ltd – Dividend History Globus Spirits Ltd has...

Sundaram Clayton Announces Leadership Changes and Reversal of Company Secretary Appointment Sundaram Clayton Limited announced leadership changes and a revised appointment for its Company Secretary, following a board meeting held on March 30, 2026.Mr. R Gopalan has stepped down from his role as Chairman of the company, effective immediately. He will continue serving as a Non-Executive Independent Director. Mr. Venu Srinivasan, previously Chairman Emeritus and Managing Director, has been re-designated as Chairman and Managing Director, also effective immediately.The company also rescinded a previous announcement concerning changes in the Company Secretary and Compliance Officer. Previously, it was stated that Mr. P D Dev Kishan would...

Bank Nifty, AU Small Finance, Federal Bank, PNB Drop as RBI Caps Forex Exposure Mumbai, March 30 – Bank Nifty fell sharply by 2.08 percent on Monday, with all major banking stocks under pressure after the Reserve Bank of India introduced measures to curb speculative forex trading by banks.The RBI on Friday directed banks to limit their net open rupee positions to $100 million by the end of each business day, with compliance required by April 10. This move sparked broad-based selling across the banking sector.At 09:51 IST, Bank Nifty was trading at 51,187.65, down 1,086.95 points from its previous close of 52,274.60. The index opened at 51,527.90, touched a high of 51,624.50 and a low of 50,888.15, with total traded volume exceeding...

Lupin Limited Increases Stake in Philippines Subsidiary Lupin Limited announced that Multicare Pharmaceuticals Philippines, Inc. (MPPI), a subsidiary of Nanomi B.V., has bought back 2,813,811 equity shares from existing shareholders. Nanomi B.V., a wholly owned subsidiary of Lupin Limited, did not participate in the buyback. This transaction has increased Nanomi’s shareholding in MPPI from 51% to 56.28% effective March 30, 2026.MPPI is headquartered in the Philippines and is engaged in the trading, importing, marketing, and distributing of pharmaceutical products and medical devices. As of March 31, 2025, MPPI reported a turnover of PHP 2,096.6 million and a net worth of PHP 1,265.5 million.The acquisition does not constitute a...

Tejas Networks Ships Over 17,000 IP/MPLS Routers for BharatNet Phase III Bengaluru, March 30, 2026 – Tejas Networks [BSE: 540595, NSE: TEJASNET] announced it has shipped over 17,000 IP/MPLS routers for BharatNet Phase III. The company's TJ1400 routers are being deployed in 9 states and 5 union territories across India, with live traffic now flowing at multiple locations.The deployment is being carried out by Project Implementation Agency (PIA) partners. Tejas Networks is contracted to supply nearly 60,000 TJ1400 routers for BharatNet Phase III, to be deployed across more than 55,000 Gram Panchayats (GPs) and 2000 Blocks in the country.Tejas Networks offers a range of modular and compact next-generation access and aggregation routers...

Sensex Falls Nearly 1,000 Points, Nifty Slips Below 22,550 as Crude Surge Triggers Sell-Off Indian Stock Market Extends Losses for Second Straight Session Benchmark indices Sensex and Nifty 50 witnessed intense selling pressure for the second consecutive session on March 30, as rising crude oil prices and global uncertainties weighed heavily on investor sentiment.At 09:18 AM IST, the Sensex was down 996.80 points or 1.35 percent at 72,586.42, while the Nifty 50 declined 294.70 points or 1.29 percent to 22,524.90.Market breadth remained weak, with 686 shares advancing, 2,212 declining, and 176 remaining unchanged, indicating broad-based selling across sectors.Rising Crude Prices Rattle Markets A sharp surge in global crude oil...

Exhicon Events Subsidiary Awarded Contract for Helicopter Shuttle Services in Uttarakhand Exhicon Events Media Solutions Ltd announced that its subsidiary, United Helicharters Private Limited (UHPL), has been awarded a contract by the Uttarakhand Civil Aviation Development Authority to operate helicopter shuttle services in Uttarakhand. The contract, awarded on March 28, 2026, covers helicopter shuttle services for the Mandakini Valley to Shri Kedarnath Ji route.UHPL emerged as the lowest bidder (L1) after successfully completing the technical evaluation stage. The tender process included participation from several established aviation operators, including Pawan Hans Limited, Chipsan Aviation Private Limited, Trans Bharat Aviation...

Fuel Prices in India Remain Stable Amid Global Oil Volatility Petrol and diesel prices across major Indian cities remain largely unchanged on Monday, March 30, even as global crude oil markets witness significant volatility. The stability in domestic fuel rates comes despite a sharp rise in international oil prices and recent government measures on excise duty.Brent Crude Surges Over 50% Following Middle East Tensions Global oil prices have risen sharply after the United States and Israel carried out joint strikes against Iran on February 28. Since then, the Brent crude benchmark has climbed more than 50%, briefly touching $116 on Monday.The spike is linked to disruptions in global energy supply, particularly due to the effective...

Wockhardt’s Zaynich® Receives Favourable Recommendation for Gram-Negative Infection Treatment Wockhardt Limited announced that the Subject Expert Committee (SEC) of the Central Drugs Standard Control Organization (CDSCO) has granted a favourable recommendation for marketing permission of its novel antibiotic, Zaynich® (Zidebactam/Cefepime), for the treatment of Gram-negative infections. This recommendation paves the way for final approval by the Drugs Controller General of India (DCGI).The recommendation follows a comprehensive review of the product dossier, which includes non-clinical data, nine Phase 1 studies, a multi-indication Phase 2 study in meropenem-resistant infections, a global Phase 3 study in complicated urinary tract...

Aries Agro Limited Appoints Sourav Ganguly as Brand Ambassador Aries Agro Limited announced the appointment of Mr. Sourav Ganguly as the company’s brand ambassador on March 30, 2026. The agreement is for a period of three years. The company, listed on the BSE (SCRIP CODE: 532935/ARIES) and NSE, made the announcement in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Adani Green Energy Operationalizes 951 MW of Power Projects Adani Green Energy Limited (AGEL) announced the commercial operation of 951 MW of power projects located in Rajasthan and Gujarat. The projects, situated at Baiya, Rajasthan (251 MW) and Khavda, Gujarat (700 MW), were operationalized on March 30, 2026, following a decision made on March 29, 2026.The operationalization of these projects increases AGEL’s total operational renewable generation capacity to 18,933.3 MW. These projects were executed through various stepdown subsidiaries, detailed in Annexure A.Project Details:The projects include solar and hybrid initiatives undertaken by several Special Purpose Vehicles (SPVs).Name of SPVsType of ProjectCapacity (MW)...

JSW Steel and JFE Steel Complete First Tranche of Joint Venture Investment JSW Steel Limited announced a significant investment from JFE Steel Corporation on March 30, 2026, furthering the 50:50 joint venture established for the steel business of Bhushan Power and Steel Limited. JFE Steel has invested Rs. 7,875 crores as the initial portion of its investment in JSW Kalinga Steel Limited (JSW Kalinga).As a result of this investment, JFE Steel has been allotted 22,694,524 equity shares in JSW Kalinga, securing a 25% shareholding on a fully diluted basis. This development follows prior communications on December 3, 2025, and March 27, 2026.The joint venture agreement, dated December 3, 2025, stipulates the acquisition of an additional...

Welspun Corp Limited Receives Rs 1,000 Crore Pipe Supply Order from US Facility Welspun Corp Limited announced the receipt of a significant order from its US facility, valued at approximately Rs 1,000 crore, for the supply of pipes. This latest order, combined with those secured since January 30, 2026, elevates the company’s consolidated global order book to Rs 24,700 crore, equivalent to roughly US$ 2.6 billion.The order book, representing substantial business visibility and continuity, will be executed over the fiscal years 2026, 2027, and 2028.Source:

IIFL Finance Ltd. Concludes Special Audit IIFL Finance Ltd. announced the conclusion of a special audit directed by the Income Tax Department. The audit, initiated under Section 142(2A) of the Income Tax Act, 1961, was completed and the report has been submitted to the Income Tax Department.The company is cooperating with authorities and working towards the completion of ongoing block assessment proceedings. IIFL Finance Ltd. will provide updates to stock exchanges regarding any further material developments.Source:

Gold, Silver Rates Today: Prices Fall Over 1% as Fed Rate Cut Hopes Fade Amid Rising Inflation Concerns Precious Metals Decline as Market Sentiment Weakens Gold and silver prices traded lower on Monday, March 30, 2026, as inflation concerns intensified due to rising energy prices linked to the ongoing US-Iran conflict. The shift in macroeconomic sentiment reduced expectations of interest rate cuts by the US Federal Reserve, weighing on bullion markets.Spot gold fell 1.2% to $4,439.45 per ounce, while US gold futures for April delivery declined by the same margin to $4,470.30. Silver prices also mirrored the trend, with spot silver dropping 1.2% to $68.67 per ounce.Gold Marks Steepest Monthly Decline Since 2008 Gold has recorded a...

Voltas Limited Faces Customs Order, Maintains No Material Impact Voltas Limited announced that it received an order from the Office of the Commissioner of Customs on March 27, 2026, demanding payment of differential customs duty and a penalty. The order, dated March 20, 2026, pertains to the period from June 14, 2019, to July 21, 2022, and alleges mis-classification of imported goods.The company faces a customs duty demand of ₹ 10.76 crores, along with applicable interest, and a penalty of ₹ 12.76 crores, totaling ₹ 23.52 crores. Voltas is currently analyzing the order and intends to file an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).According to the company, this order will not have a material...

Asian Markets Tumble as US-Iran Conflict Enters Fifth Week, Nikkei and Kospi Lead Losses Broad Sell-Off Across Asia Amid Escalating Geopolitical Tensions Asian markets today witnessed a sharp decline on Monday, March 30, as the ongoing US-Iran conflict entered its fifth week, intensifying investor concerns despite continued diplomatic efforts.South Korea’s Kospi plunged more than 5%, emerging as one of the worst-hit indices in the region. The small-cap Kosdaq also fell 3.97%, reflecting widespread selling pressure.Japan’s Nikkei 225 dropped 3.97%, while the broader Topix index slipped 3.9%. During their March meeting, policymakers at the Bank of Japan discussed the need for further rate hikes, as rising oil prices linked to the...

Indian Markets Set for Lower Start Amid Global Sell-Off The Indian stock market is poised for a weak opening on Monday, with benchmark indices Nifty 50 and Sensex expected to extend recent losses. The negative sentiment follows a sharp downturn in global markets as the ongoing US-Iran war enters its fifth week, intensifying concerns around rising crude oil prices and inflation.Early indicators from Gift Nifty suggest a gap-down start for domestic equities. Gift Nifty was trading near the 22,560 level, reflecting a discount of approximately 257 points compared to the previous close of Nifty futures.Global Cues Weigh on Sentiment Market sentiment remains fragile across global equities. Asian markets traded sharply lower in early...