Markets

Bank Shares Snap 2-Day Rise Amid Profit Booking, Bond Yield Surge; Sectoral Index Down 2% The Bank Nifty experienced a significant downturn on Friday, reversing a two-day gaining streak as profit booking and a surge in bond yields triggered a 2 percent decline. The index, which had previously risen 4.37 percent over the past two sessions, saw selling pressure throughout the day. All fourteen constituents of the Nifty Bank index were trading in the red. Canara Bank led the decline, falling up to 4 percent. Bank of Baroda decreased by 3.78 percent, while Punjab National Bank declined by 3.29 percent. HDFC Bank reversed its two-day gains, falling more than 2 percent. The decline in HDFC Bank followed reports, citing sources from the...

EaseMyTrip Enters Exclusive Partnership with MSTC Ltd. to Power Travel Services for Government Sector New Delhi, 27 March 2026: EaseMyTrip (Easy Trip Planners Ltd.) has entered into an exclusive partnership with MSTC Ltd., a Government of India enterprise under the Ministry of Steel, to provide comprehensive, technology-enabled travel solutions.Under the agreement, EaseMyTrip will integrate its APIs with MSTC’s system, enabling access to a wide range of services, including flights, hotels, holiday packages, bus bookings, activities, and cab services. The partnership will facilitate corporate travel for government sector organizations, leveraging EaseMyTrip’s extensive travel inventory and advanced technology infrastructure...

Padam Cotton Yarns Ltd. Sees Change in Shareholding Padam Cotton Yarns Ltd. announced a change in shareholding reported by Manoj Rathod Chhaganlal Huf on March 27, 2026, as per Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The transaction involved the acquisition and sale of shares on the Bombay Stock Exchange. Prior to the transaction, Manoj Rathod Chhaganlal Huf held 6,287,926 shares, representing 2.86% of the total share/voting capital and 2.86% of the total diluted share/voting capital. Additionally, the holding included 110,359 shares in the nature of encumbrance.The acquisition/sale involved 6,287,926 shares carrying voting rights and 110,359 shares in the nature of...

Larsen & Toubro Wins Orders for Buildings & Factories Business Mumbai, March 27, 2026: Larsen & Toubro's Buildings & Factories (B&F) business vertical has secured multiple construction orders across several states in India.The B&F business has secured an order in Gujarat for the construction of a Float Glass Plant. The project includes design and construction of all civil, steel, mechanical, electrical & plumbing, and associated external development work. Additionally, an order was secured in Andhra Pradesh from a two-wheeler company for the construction of a state-of-the-art manufacturing facility, encompassing civil, steel, and architectural works.Several add-on orders have also been received in existing projects, demonstrating...

Brij Rattan Bagri Acquires Shares in BLB Limited BLB Limited announced that Brij Rattan Bagri, Promoter & Managing Director, acquired 54,514 equity shares of the company on March 24, 2026, through an open market transaction.According to a filing, Bagri’s holdings prior to the acquisition consisted of 2,38,04,628 shares, representing 45.03% of the total share and voting capital. Following the acquisition, Bagri’s total holdings increased to 2,38,59,142 shares, representing 45.13% of the total share and voting capital.The equity share capital of BLB Limited stands at Rs. 5,28,65,258.00, comprised of 52865258 equity shares with a face value of Re. 1 per share.Brij Rattan Bagri's DIN is 00007441. The announcement was made on March 27...

PNGS Reva Diamond Jewellery Ltd Promoter Acquires Shares Through Block Deal PNGS Reva Diamond Jewellery Limited announced that promoter Renu Govind Gadgil acquired 700,000 equity shares through a block deal on March 25, 2026.According to a filing, Gadgil, along with Persons Acting in Concert Govind Gadgil, Satyajit Gadgil, Parikshit Gadgil, and Jyoti Paranjape, had previously held 2.2 percentage of the company's total share and voting capital. Following the acquisition, their total holding increased to 24.4 percentage.The total equity share capital of PNGS Reva Diamond Jewellery Limited is Rs. 31,69,84,000, divided into 3,16,98,400 equity shares of Rs. 10 each.Source:

Nivee Holdings Acquires 400,000 Shares of Rain Industries Ltd. Nivee Holdings Private Limited acquired 400,000 equity shares of Rain Industries Limited on March 24, 2026, from open market. This acquisition represents 0.1189% of the company’s total share capital.Following the acquisition, Nivee Holdings’ total shareholding in Rain Industries Limited increased to 85,43,250 shares, representing 2.54% of the company’s total share capital.Prior to this transaction, Nivee Holdings held 81,43,250 shares, representing 2.42% of Rain Industries Limited’s total share capital.The total diluted share/voting capital of Rain Industries Limited remains at 33,63,45,679 Equity Shares of Rs. 2/- each.Shareholding of Promoter GroupThe following...

HDFC Bank Ltd. to Seek Member Approval for Independent Director Re-appointment HDFC Bank Ltd. announced on March 27, 2026, that it will seek approval from its members for the re-appointment of Dr. (Mrs.) Sunita Maheshwari as an Independent Director. The resolution will be put to a vote through electronic means (remote e-voting) commencing on Saturday, March 28, 2026, at 10:00 A.M. (IST) and ending on Sunday, April 26, 2026, at 5:00 P.M. (IST).The resolution proposes to re-appoint Dr. Maheshwari for a period of 3 years, from March 30, 2026, to March 29, 2029. She will be paid a fixed remuneration of `30,00,000 (Rupees Thirty Lakh only) per annum.Dr. Maheshwari has experience in Business Management and Small Scale Industry. She has...

Zydus Lifesciences Limited Reports Code of Conduct Violation Zydus Lifesciences Limited reported a violation of its Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015, on March 27, 2026.The violation involved Mr. Debtaru Upadhyay, a General Manager in the Marketing division of the company. Mr. Upadhyay's PAN is AANPU5319B. He sold 10 equity shares on March 13, 2026, at a price of Rs. 902.70 per share, for a total value of Rs. 9,027.According to the report, Mr. Upadhyay admitted that the trade was unintentional due to oversight and resulted in a loss of Rs. 170. The company issued a warning letter to Mr. Upadhyay, requiring strict adherence to the SEBI PIT Regulations and the Code of Conduct. No...

Max Financial Services Schedules Board Meeting, Trading Window Closure Max Financial Services Ltd. announced that a meeting of its Board of Directors is scheduled for Tuesday, May 12, 2026, to consider and approve the audited financial results for the fiscal year ending March 31, 2026, both standalone and consolidated.In accordance with SEBI regulations, the trading window for designated persons, including promoters, directors, key managerial personnel, designated employees, and other connected persons, will be closed from Wednesday, April 1, 2026, until Thursday, May 14, 2026. This closure period aligns with the timeframe following the announcement of the audited financial results to the stock exchanges.Further, in alignment with...

Karan Paul Increases Stake in Apeejay Surrendra Park Hotels Ltd. Apeejay Surrendra Park Hotels Ltd. announced that Karan Paul, along with Priya Paul and other entities, has increased their stake in the company through on-market purchases.According to filings on March 24, 2026, with the BSE Limited and the National Stock Exchange of India Limited, Karan Paul acquired 19,340 fully paid-up equity shares, representing 0.00906% of the company's total share capital. This acquisition brings Karan Paul's total holding to 90,662 fully paid-up equity shares, constituting 0.04249% of the company’s total share capital.Prior to the acquisition, the Promoter and Promoter Group collectively held 14,55,21,283 fully paid-up equity shares...

AXISCADES Technologies Appoints Giridhar Aramane as Independent Director Bengaluru, India – March 27, 2026 – AXISCADES Technologies Limited (NSE: AXISCADES, BSE: 532395), a technology and engineering solutions company, announced the appointment of Mr. Giridhar Aramane as Non-Executive Independent Director to its Board.Dr. Sampath Ravinarayanan, Founder Chairman & Managing Director of AXISCADES Technologies Limited, stated that Mr. Aramane’s extensive experience in government, infrastructure, and strategic policy will bring valuable perspective to the company. His expertise in policy execution and large-scale program management will assist in navigating global markets and enhance governance standards.Mr. Aramane, an IAS officer of...

The Indian rupee has reached a new low against the US dollar, trading near 94.27 as of Friday, marking the first time the currency has fallen below 94 per dollar.The local currency opened at 94.15 on Friday and is currently trading at 94.27, a significant increase from Wednesday’s close of 93.97. This depreciation follows a broader trend, with the rupee having declined by as much as 3.6% since the beginning of the year due to ongoing global volatility.The current situation is largely attributed to the conflict in the Middle East. Increased risks surrounding the duration of the war, particularly the potential for a prolonged conflict with Iran, have contributed to the rupee’s weakness. Brent crude prices have surged above $100 per...

Sensex Plunges 850 Points, Nifty Below 23,100 Amid Global Concerns Mumbai, March 27 – The Indian stock market experienced a significant downturn today, with the Sensex and Nifty indices falling over 1% each. The Sensex closed down 847.03 points or 1.13% at 74,426.42, while the Nifty dropped 252.15 points or 1.08% at 23,054.30. Approximately 749 shares advanced, 2161 shares declined, and 195 shares remained unchanged.Key Factors Driving Market Decline The market’s slide was attributed to a confluence of factors, including geopolitical uncertainty, a global equity selloff, and elevated crude prices. Concerns surrounding the Iran-US conflict were a primary driver, with US President Donald Trump extending a pause on attacks against...

PB Fintech Subsidiary Receives Order Under Prohibition of Benami Property Transactions Act PB Fintech Limited announced that Paisabazaar Marketing and Consulting Private Limited, a wholly-owned subsidiary, has received an order under Section 26(3) of the Prohibition of Benami Property Transactions Act, 1988, from the Office of the Adjudicating Authority, Prohibition of Benami Property Transactions Act, New Delhi. The order was received on March 26, 2026, following a previous communication dated November 28, 2024.The Adjudicating Authority’s order, dated March 24, 2026, confirmed a prior order passed by the Initiating Officer under Section 24(4) of the Act dated February 27, 2025, concerning certain vendors of Paisabazaar. The order...

Lakshya Asset Management Receives SEBI Approval to Launch Mutual Fund Business Mumbai/Ahmedabad, March 26, 2026 – Lakshya Asset Management Company (Lakshya AMC) announced it has received approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund business. The new company is sponsored by Wealth First Portfolio Managers Ltd., a publicly listed wealth management company on the NSE and BSE.Lakshya AMC has onboarded key members of the founding team of Benchmark Asset Management Company: Mr. Sanjiv Shah, Mr. Rajan Mehta, and Mr. Sanjay Gaitonde, who are recognized pioneers of Exchange Traded Funds (ETFs) in India. The team previously introduced Nifty BeES, Gold BeES (the world’s first gold ETF), and Liquid...

Silver Rate Jumps Over 2% in India Amid Weaker Dollar, Bargain Buying New Delhi – Silver prices in India surged by 2.3% on March 27, reaching ₹2,25,014 per kilogram, fueled by a weaker dollar and renewed bargain buying. Gold also saw a modest rise, increasing by 1% to ₹1,40,900 per 10 grams.Precious Metals React to Geopolitical Tensions and Economic Concerns The rally in both silver and gold was supported by a softer U.S. dollar, making dollar-denominated commodities more accessible to buyers using other currencies. Analysts attribute the uptick to bargain hunting following recent price declines.On the MCX (Multi Commodity Exchange) of India, silver prices jumped 2.3% to a day’s high of ₹2,25,014 per kilogram, while MCX gold rates...

One Point One Solutions Limited’s Managing Director Honored with ‘Most Promising Business Leader of the Year’ Award Mumbai, India – March 27, 2026 – One Point One Solutions Limited (NSE: ONEPOINT), a Business Process Management (BPM) company, announced that its Managing Director and Chairman, Mr. Akshay Chhabra, has been awarded the ‘Most Promising Business Leader of the Year’ at the ET Edge Asian Business Leaders Conclave 2026.The recognition highlights Mr. Chhabra’s leadership, long-term approach to business development, and focus on results within a dynamic market. Under his leadership, One Point One Solutions Limited has strengthened operations, improved service delivery, and scaled its multi-location model. This included a focus...

Gold Rate Rises on MCX Amid Dollar Weakness Gold prices experienced sharp volatility in March, influenced by the ongoing US-Iran conflict. The West Asian conflict has significantly increased crude oil prices, driving the dollar index higher and impacting gold prices.Domestic spot gold prices have declined nearly 9% in March, according to MCX data.Hareesh V, Head of Commodity Research at Geojit Investments, noted, “Gold and silver may see a mild near-term recovery, but breaking recent highs looks difficult. While supportive geopolitics could underpin sentiment, a firm US dollar is likely to cap strong upside, keeping price movements relatively restrained for now.”

Atlanta Electricals: Is the Surge Already Priced In? Transformer Sector Boom Drives Significant GrowthThe Indian transformer, transmission, and distribution sector is experiencing a once-in-a-generation “supercycle,” fueled by a massive ₹9.15 trillion investment roadmap spanning 2023 to 2032, as detailed by the Central Electricity Authority. This unprecedented capital expenditure is driving a robust demand forecast, projected to grow at an 18-22% CAGR through FY28. India’s goal to reach 500 gigawatts (GW) of renewable energy by FY30 is a key driver, necessitating high-density 400kV and 765kV infrastructure, particularly as state utilities modernize ageing substations.Atlanta Electricals: Riding the Wave Atlanta Electricals...