Markets

Bajaj Auto Reports Sales Increase in March 2026 Bajaj Auto Limited announced sales figures for March 2026, demonstrating a robust performance across both two-wheelers and commercial vehicles.March 2026 Sales PerformanceThe company’s total sales reached 445,377 units in March 2026, a 20% increase compared to 369,823 units sold in March 2025. Domestic sales rose by 20% to 266,290 units, while exports increased by 21% to 179,087 units.A detailed breakdown of the sales figures is presented below:ParticularsMar-26Mar-25Change%2-WHEELERSDOMESTIC2,21,0211,83,65920EXPORTS1,59,4521,32,07321SUB-TOTAL3,80,4733,15,73221COMMERCIAL VEHICLESDOMESTIC45,26937,81520EXPORTS19,63516,27621SUB-TOTAL64,90454,09120TOTAL...

Asian Markets Rise on Good Friday; Kospi Surges Over 3%, Nikkei Gains Amid Strait of Hormuz Hopes Asian Markets Today Asian equity markets trade higher on Friday, even as several major exchanges remain shut for the Good Friday holiday. Markets in Hong Kong, Singapore, Australia, and India are closed for the Easter weekend, leading to thinner regional participation.Despite the holiday-led pause in key markets, investor sentiment remains positive across open exchanges, supported by easing geopolitical concerns.Kospi Leads Gains, Nikkei Advances South Korea emerges as the top performer in the region, with the Kospi surging 3.23%, while the Kosdaq index rises 1.45%.In Japan, the Nikkei 225 advances 1.27%, and the broader Topix index...

Axis Bank to Invest Rs. 389 Crores in Axis Max Life Insurance Mumbai – April 3, 2026 – Axis Bank Limited is set to invest up to Rs. 389 crores in Axis Max Life Insurance Limited through a preferential allotment of equity shares, according to a filing by Max Financial Services Ltd.The Board of Directors of Axis Max Life Insurance considered a proposal to raise funds via the issuance of equity shares to Axis Bank. This investment will involve the allotment of 2,50,56,200 equity shares, each with a face value of Rs. 10, at an issue price of Rs. 151.90 per share, including a share premium of Rs. 141.90.Following the investment, Axis Bank Limited will collectively hold 19.99% of the equity share capital of Axis Max Life. Max Financial...

Pan Electronics India Ltd. Repays Loan to Punjab National Bank Pan Electronics India Ltd. announced on April 2, 2026, the repayment of a loan obtained from Punjab National Bank. The repayment concludes the loan obligation.According to a filing, the original loan comprised a Cash Credit facility of Rupees One Crore and a Term Loan of Rupees Three Crore Seventy One Lakhs Five thousand. The loan was modified on July 18, 2025, reducing the total loan amount to Rupees 3,21,05,000. The initial loan agreement was established on June 14, 2019.The Cash Credit facility was secured by a charge on current assets including stock, book debts, and raw materials. The Term Loan was secured by the hypothecation of machinery.The company stated that...

Bank of Baroda Reports Strong Business Growth in Fiscal Year 2026 Bank of Baroda announced its financial performance for the period ending March 31, 2026, reporting substantial year-over-year growth across key business segments. The bank's Global Business increased by 13.93% to ₹ 30.79 trillion.Global Advances demonstrated robust expansion, rising 16.23% year-over-year to ₹ 14.30 trillion. Global Deposits also saw significant growth, increasing 12.00% to ₹ 16.49 trillion.A comparative overview of the bank’s performance is presented below:Bank of Baroda Performance (₹ crore)31.03.2025 (Audited)31.12.2025 (Reviewed)31.03.2026 (Provisional)*Y-o-Y Growth (%)Global Business27,02,49628,91,65330,78,85413.93%Global...

CKK Retail Mart Limited Announces Change in Market Maker C K K Retail Mart Limited announced that SVCM Securities Private Limited (TM Code 90216) will cease to function as the Market Maker for the company's equity shares listed on the NSE EMERGE Platform, effective April 1, 2026. The change is due to the Market Maker's pre-occupancy.The company has initiated the process of appointing a new Market Maker and anticipates completing the appointment within a week. Oneview Corporate Advisors Private Limited, the company’s Merchant Banker, has been informed and confirmed no objection to the change.Market Maker Transition DetailsMember Name (Outgoing Market Maker)Action to be TakenEffective dateSVCM Securities Private Limited (TM...

Clean Max Enviro Energy Solutions Completes Early Redemption of NCDs Clean Max Enviro Energy Solutions Ltd. announced the full, early redemption of its Senior, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on April 2, 2026. The redemption, approved by debenture holders and the debenture trustee, involves a total of INR 499,00,00,000 (Indian Rupee Four Hundred and Ninety-Nine Crore only), with each debenture having a face value of INR 10,00,000.The company confirmed timely payment of both interest and principal. Interest payments included a net interest amount of INR 30,85,590 and INR 3,21,192 for TDS on April 2, 2026, covering the period from April 1, 2026, to April 2, 2026. The record date for the interest payment was...

Nexus Select Trust Subscribes to INR 115 Crores in NCDs Nexus Select Trust announced it has subscribed to redeemable, unlisted, unrated, secured, non-convertible debentures (NCDs) totaling INR 115 Crores from Runwal Residency Private Limited, a real estate company. The subscription was approved by the Board of Nexus Select Mall Management Private Limited, Manager to Nexus Select Trust, on February 23, 2026.The Trust subscribed to the NCDs on April 2, 2026, against second ranking security. The transaction was previously detailed in a filing dated February 23, 2026.Source:

Lemon Tree Hotels Expands Presence in Nepal with New Simara Hotel Lemon Tree Hotels Ltd. announced the signing of a new Lemon Tree Hotel in Simara, Nepal, marking the brand's seventh property in the country. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.Located 2 kilometers from Simara Airport, the upcoming hotel will feature 98 well-appointed rooms, a restaurant, banquet and conference facilities, a bar lounge, and recreational amenities including a swimming pool, spa, and fitness center.According to Neelendra Singh, Managing Director & CEO of Lemon Tree Hotels Ltd., Nepal is a structurally attractive market with expanding hospitality demand. The signing in...

Union Bank of India Reports Growth in Advances and Deposits Union Bank of India announced financial updates for the period ending March 31, 2026. Total Gross Advances grew by 9.76% year-over-year (YoY), while Total Domestic Advances increased by 10.06% YoY. RAM Advances (Domestic) experienced a significant rise of 12.59% YoY. Domestic CASA Deposits saw growth of 7.90% YoY and 10.82% quarter-over-quarter (QoQ).The bank's business (Global) totaled Rs. 23,85,679 crores, a 5.79% YoY increase. Global Advances reached Rs. 10,78,779 crores, up 9.76% YoY. Global Deposits amounted to Rs. 13,06,900 crores, showing a 2.72% YoY increase.Domestic business stood at Rs. 23,47,419 crores, a 5.85% YoY growth. CASA Deposits within the domestic...

3i Infotech Awarded Digitization Project by Leading Indian Bank 3i Infotech Ltd. announced on April 2, 2026, that it has received an order from a leading private sector bank in India for a digitization and document management project. The project focuses on the bank’s legacy credit card application records.The engagement encompasses a range of services, including inventory preparation, data entry, barcoding, scanning, indexing, secure data handling, reporting, and shredding of records. The contract, structured as a rate card-based agreement, carries an approximate value of Rs. 2.04 Crore, excluding applicable taxes, and is based on anticipated volumes.Under the terms of the 12-month contract, 3i Infotech will assist the bank in...

IIFL Finance Announces Leadership Changes in Gold Loans Division IIFL Finance Ltd. announced changes in its senior management personnel, effective April 2, 2026. Manish Mayank resigned from his position as Business Head - Gold Loans, to pursue other career opportunities. Simultaneously, Mayank Sharma’s designation has changed from Chief AI & Innovation Officer to Business Head - Gold Loans.Sharma’s appointment as Head of the Gold Loan Business reinforces IIFL Finance's commitment to scaling its strategic franchise. He brings over two decades of experience within the Group, including experience in building the gold loan vertical and establishing 230+ branches. His recent leadership in driving AI-led transformation across lending...

Hinduja Global Solutions Limited Receives Income Tax Assessment Order Hinduja Global Solutions Limited announced it received an assessment order under Section 143(3) of the Income Tax Act, 1961, from the Office of the Assistant Commissioner of Income Tax, Central Circle 2(3), Mumbai, for Assessment Year 2021-22. The order was received April 1, 2026.The assessment order disallowed a foreign exchange loss of ₹34.31 crores, resulting in a total demand of ₹15.49 crores, including ₹6.95 crores in interest.Source:

ADF Foods Limited Receives Approval for Amalgamation Scheme ADF Foods Limited announced that the Regional Director (RD) - North Western Region, Ministry of Corporate Affairs, Ahmedabad, has approved the Scheme of Amalgamation between ADF Foods (India) Limited and Telluric Foods Limited, both subsidiaries of ADF Foods Limited, and their respective shareholders and creditors. The approval, received on April 2, 2026, was granted under Section 233 of the Companies Act, 2013.The merger will take effect from an appointed date, upon filing of the Order with the Registrar of Companies. ADF Foods (India) Limited will stand dissolved upon completion of the scheme.According to details disclosed, Telluric Foods Limited reported a turnover of...

CFF Fluid Control Ltd. Receives Order Worth INR 14.14 Crores from Indian Navy CFF Fluid Control Limited announced today, April 2, 2026, that it has received a contract from the Material Organisation (Indian Navy) for the procurement of various equipment for Navy programs. The order is valued at approximately INR 14.14 Crores, including tax.The contract involves the procurement of various equipment for Navy programs and is expected to be completed by March 2027. The order is domestic in nature, and neither the promoter group nor any group companies have an interest in the entity awarding the contract. The transaction will not constitute a related party transaction.Order DetailsParticularsDescriptionEntity Awarding...

Umiya Tubes Limited Receives Order Worth Rs. 12.56 Crore from Cocreate Global Technologies Private Limited Umiya Tubes Limited announced the receipt of a new order from Cocreate Global Technologies Private Limited. The order, valued at Rs. 12.56 crore (including GST), is for the supply of 6 metric tons (6000 KG) of Yellow Tungsten Oxide.The delivery schedule for the order is split into two phases: 4 metric tons are due on or before April 6, 2026, and the remaining 2 metric tons are due on or before April 14, 2026.Cocreate Global Technologies Private Limited is a domestic entity, and neither the company’s promoters, promoter group, nor group companies have any interest in it. The transaction does not constitute a related party...

SEDEMAC Mechatronics Limited Reports Record Annual ECU Sales Pune, April 2, 2026 – SEDEMAC Mechatronics Limited announced today that it achieved its highest ever annual sales of control-intensive Electronic Control Units (ECUs). The company, which supplies ECUs to original equipment manufacturers (OEMs) in the mobility and industrial markets across India, the United States, and Europe, reported a 60.0% increase in sales for the fiscal year ending March 31, 2026, compared to the previous fiscal year.SEDEMAC’s trailing twelve-month (TTM) sales for the three months ended March 31, 2026, reached 1,043,025 units, a 65.1% increase from the 631,893 units sold in the comparable period of the prior year.The company’s financial performance is...

IRM Energy Limited Commissions 150th CNG Station Ahmedabad, April 2, 2026 – IRM Energy Limited (BSE:544004) (NSE: IRMENERGY) announced the commissioning of its 150th Compressed Natural Gas (CNG) station, located in Banaskantha, on Tuesday, March 31, 2026.During fiscal year 2026, the company commissioned a total of 39 CNG stations.According to the company, this milestone demonstrates a commitment to expanding green energy infrastructure within its authorized geographical areas and promoting sustainable transportation solutions.IRM Energy Limited is an Indian City Gas Distribution (CGD) company supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). The company operates under authorizations granted by the Petroleum and...

RBL Bank Limited Reports Strong Financial Performance for March 2026 RBL Bank Limited announced provisional financial results for the quarter and financial year ended March 31, 2026, demonstrating significant growth across key business areas. Total business crossed Rs. 2.5 lakh crore, reflecting a 24% year-over-year (YoY) increase.Key Financial Highlights The bank’s total deposits reached Rs. 139.037 billion as of March 31, 2026, a 25% YoY increase and a 16% sequential increase. Deposits below Rs. 3 crore stood at Rs. 63.943 billion, up 16% YoY and 4% QoQ. The CASA (Current, Savings, and Deposits) balance increased to Rs. 46.723 billion, representing a 23% YoY and 26% QoQ growth, with a CASA ratio of 33.6%.A table summarizing key...

Birla Cotsyn (India) Ltd. Receives Bank Facilities Rating from Infomerics Birla Cotsyn (India) Ltd (BCIL) has been assigned a rating of IVR B+/ Stable (IVR B plus with Stable Outlook) by Infomerics Valuation and Rating Limited for its Long-Term Bank Facilities. The rating reflects the company's strong promoter commitment, favorable working capital profile, established spinning asset base, and early operational traction post-revival.Rating Details:Instrument / FacilityAmount (Rs. crore)Current RatingsPrevious RatingsRating ActionComplexity IndicatorLong-Term Bank Facilities40.00IVR B+/ Stable-Rating AssignedSimpleTotal40.00Detailed Rationale:The rating considers the strong promoter commitment reflected in sizeable...