Markets

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...

Stock Market Today: Israel-US-Iran War and Volatile Sentiment Drive Weak Open The Indian stock market is expected to open on a weak note today, March 27, 2026, driven by a confluence of global uncertainties, macroeconomic pressures, and ongoing institutional selling. The market environment remains highly volatile and event-driven, with the Israel-US-Iran war continuing to exert a significant influence. Gift Nifty Signals a Gap-Down Opening The Gift Nifty live chart is currently down by approximately 250 points, but is sustaining above the crucial 23,000 level. Experts anticipate a gap-down opening for the Indian stock market today, reflecting a negative handover from global markets. Hariprasad K, SEBI-registered Research Analyst and...

Jindal Stainless and Oyster Renewable Advance Industrial Decarbonisation with 315.6 MW Hybrid Power Project National, 27 March 2026: Jindal Stainless Limited, India's leading stainless steel manufacturer, and Oyster Renewable Energy Pvt Ltd announced the part commissioning of a 315.6 MW solar-wind hybrid renewable energy project in Agar-Malwa, Madhya Pradesh. The project marks a significant milestone in advancing clean energy adoption within India's industrial sector.The project, developed by Oyster Renewable and involving a total investment of over ₹2,000 crore, includes a committed investment of ₹132 crore from Jindal Stainless. It spans Madhya Pradesh and Gujarat, with ~216 MW of solar and wind power to be generated in Madhya...

Mobavenue Strengthens AI-Led Two-Tower Modelling to Enhance Advertising Outcomes Mobavenue AI Tech Limited announced that its wholly owned subsidiary, Mobavenue Media Private Limited (MMPL), has strengthened its advanced two-tower neural network modelling framework. This initiative supports the company’s ongoing transition towards AI-native platforms designed to improve advertising outcomes for customers.The two-tower modelling approach utilizes deep neural network architectures to model and match high-intent users with relevant customer offerings independently. The first tower focuses on identifying and predicting users with a high propensity to convert, based on behavioral, contextual, and real-time engagement signals. The second...

India Slashes Additional Excise Duty on Petrol, Diesel The Indian government has reduced the additional excise duty on petrol and diesel in response to growing concerns about rising fuel prices.According to a government order dated Thursday, the additional excise duty on petrol was cut to ₹3 per litre from ₹13 per litre previously. Simultaneously, the excise duty on diesel was lowered to ₹0 per litre from ₹10 per litre earlier.This decision follows reports of rising worries about fuel price hikes nationwide, fueled by the ongoing conflict in the Middle East. A Reuters report indicated that the government took action amid concerns related to the US-Iran war.The reduction in excise duty is expected to provide some relief to...

Petrol, Diesel Prices Remain Unchanged Despite Central Excise Cut New Delhi – Despite a recent reduction in fuel excise duties by the central government, petrol and diesel prices remain unchanged across major Indian cities. The move, announced as a measure to assist oil marketing companies (OMCs) amid ongoing instability in the oil market due to the Middle East conflict, has not translated into immediate price reductions at the pump. The central government recently slashed petrol duty to ₹3 per litre from ₹13 per litre and offered diesel with no excise duty, previously at ₹10 per litre. This excise cut is intended to mitigate under recoveries experienced by OMCs. The ongoing volatility in the oil market, largely attributed to concerns...

Blue Cloud Softech Solutions Ltd. Receives Work Order from Hyderabad City Police Hyderabad, Telangana, March 27, 2026 – Blue Cloud Softech Solutions Limited (BCSSL) (BSE: 539607), a provider of AI-driven enterprise and digital infrastructure solutions, announced today that it has received a work order from the Office of the Commissioner of Police, Hyderabad City, dated March 25, 2026. The order is for the supply, installation, and commissioning of AI-enabled high-performance computing infrastructure.The project involves the deployment of Access Genie BluEdge AI Infrastructure, including rack servers and GPU-powered high-performance workstations for the Central Analysis Team (CAT) of Telangana Police. The scope encompasses the supply...