Markets

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...

Seamec Limited Secures Operation and Maintenance Contract for ONGC’s MSV “Samudra Prabha” Mumbai – March 27, 2026 – Seamec Limited, in consortium with Supreme Hydro Pvt Ltd, has been awarded a contract by Oil and Natural Gas Corporation Limited (ONGC) for the hiring of Operation & Maintenance (O&M) services for the ONGC-owned MSV "Samudra Prabha." The contract covers the period 2026-2028.The tenure of the contract is 698 days and is scheduled to commence within 60 days from the date of the Notification of Award (NOA), issued by ONGC on March 13, 2026. The total value of the contract is approximately INR 329,92,34,688, inclusive of Goods and Services Tax (GST).The award represents a normal course of business for Seamec Limited...

Today’s trading session is set to be focused on a diverse range of stocks, with several key developments and transactions driving investor interest. Here’s a breakdown of the companies to watch on March 27, including significant investments, acquisitions, and contract wins:Strategic Investments and AcquisitionsInfosys: The digital services and consulting company is pursuing a strategic expansion, announcing a definitive agreement to acquire Optimum Healthcare IT, a KLAS-recognised healthcare IT digital transformation and consulting firm in Florida, for $465 million. Additionally, Infosys is acquiring Stratus Global, a US-based insurance tech consulting company, for $95 million. Polyplex Corporation: The company executed a share...

Shine Fashions Clarifies Share Transaction Disclosure Shine Fashions (India) Ltd. clarified on March 27, 2026, regarding a recent disclosure concerning share transactions by Mr. Anish Anil Mehta, a Promoter and Director of the company. The clarification addresses a disclosure initially filed on March 26, 2026, under SEBI (Prohibition of Insider Trading) Regulations.The company explained that the disclosure was submitted in response to a request from the BSE to rectify a discrepancy in a prior filing made on January 3, 2026. During the rectification process, an inadvertently revised XBRL file was uploaded without the ‘revised’ option being selected. The company has since corrected this error by uploading the revised XBRL file...

Cube Highways Trust Announces Trading Window Closure Cube Highways Trust has announced a closure of its trading window for dealings in its securities, effective April 1, 2026. This action is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the InvIT’s policy regarding unpublished price sensitive information.The trading window will remain closed until 48 hours after the announcement of the financial information for the financial year concluded March 31, 2026.This measure is undertaken to ensure compliance with regulatory guidelines and maintain transparency.The following are the ISINs impacted by this closure:Scrip CodeISIN543899INE0NR623014974936INE0NR607017975770INE0NR607025...

TAC Infosec Limited Wins ‘IT/ITES Service Provider of the Year’ at ET Entrepreneur Awards 2026 TAC Infosec (NSE: TAC) has been awarded the ‘IT/ITES Service Provider of the Year’ at the ET Entrepreneur Awards 2026, hosted by the Economic Times in Mumbai. The recognition underscores the company’s rapid growth as a cybersecurity firm, driven by its integrated platform approach, AI-led capabilities, and expanding global presence.The core of TAC Security's growth is its flagship platform, ESOF (Enterprise Security in One Framework), which consolidates vulnerability detection, risk prioritization, compliance, and continuous monitoring into a scalable solution. This architecture facilitates a shift for organizations from reactive to...

Mindspace Business Parks REIT Board to Consider Preferential Unit Issuance Mindspace Business Parks REIT announced that a meeting of the Board of Directors of K Raheja Corp Investment Managers Private Limited, acting as the Manager to Mindspace Business Parks REIT, is scheduled for March 31, 2026. The meeting will focus on considering and approving the issuance of units on a preferential basis, contingent upon commercial considerations and necessary approvals, including unitholder approval and compliance with applicable regulations.In accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for securities of Mindspace Business Parks REIT was closed starting March...

Fino Payments Bank Withdraws Re-appointment Resolution for Managing Director Fino Payments Bank Limited announced on March 26, 2026, that its board of directors has withdrawn agenda item number 2 from an ongoing postal ballot notice. This item pertained to the re-appointment of Rishi Gupta as Managing Director and Chief Executive Officer (MD & CEO) for a period of three consecutive years, from May 02, 2026, to May 01, 2029.The decision, made following thoughtful consideration, was taken in the interest of due process and sound corporate governance practices. The company clarified that this withdrawal specifically relates to the re-appointment resolution and does not affect Mr. Gupta’s candidacy or standing. The agenda item will be...

Ducol Organics & Colours Limited to Acquire XCHEM Polymers India for ~₹75 Crore Mumbai, March 26, 2026—Ducol Organics & Colours Limited (NSE: DUCOL) has entered into a Share Purchase Agreement (SPA) to acquire 100% equity stake in XCHEM Polymers India Private Limited for an aggregate consideration of ₹75 crore. This follows an earlier term sheet announcement and represents a key step toward finalizing the transaction.XCHEM Polymers India, incorporated in 2012 and based in Vapi, Gujarat, is a manufacturer of construction chemicals and industrial adhesives. The company’s product portfolio includes waterproofing systems, concrete admixtures, repair and rehabilitation solutions, bonding agents, and industrial adhesives.The acquisition...

Ducol Organics Acquires Chem Polymers India Private Limited Ducol Organics And Colours Limited announced an agreement to acquire 100% of Chem Polymers India Private Limited for a total consideration of INR 75,00,00,000. The acquisition is expected to be completed within approximately 24 months, contingent upon the fulfillment of closing conditions outlined in the Share Purchase Agreement signed on March 26, 2026.Ducol Organics will invest INR 75,00,00,000 to subscribe to the equity shares of Chem Polymers India Private Limited on a fully diluted basis. The purchase consideration will be paid in two tranches: INR 38,00,00,000 as a first tranche in cash, and a second tranche of INR 37,00,00,000, to be paid in cash or through a mutually...

Dalmia Bharat Subsidiary Receives Tax Orders, Plans Appeal Dalmia Bharat Limited announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has received two orders related to Input Tax Credit (ITC) disallowance for the fiscal year 2019-20.The first order, issued by the Jt. Commissioner, Corporate Circle, Varanasi II, Mirzapur, Uttar Pradesh, imposes a tax demand of Rs. 21,74,976 along with interest and a penalty of Rs. 21,74,976. The second order, from the Assistant Commissioner of CGST & CX, Division-II Bokaro, Jharkhand, involves a tax demand of Rs. 1,26,94,260 along with interest and a penalty of Rs. 1,26,94,260.DCBL intends to contest the orders and will file an appeal with the Appellate Authorities...

Reliance Industries Denies Reports of Iranian Crude Oil Purchase Reliance Industries Limited has refuted recent media reports claiming the company purchased crude oil of Iranian origin. The company described the allegations as “entirely baseless, factually incorrect, and misleading.”In a statement, Reliance Industries urged media outlets to verify information thoroughly before publication, emphasizing the potential for unsubstantiated reports to misinform stakeholders and the public.Source:

SSMD Agrotech India Ltd. Announces Resignation of Whole-Time Director SSMD Agrotech India Ltd. announced the resignation of Whole-Time Director, Surbhi Munjal, effective the date of board meeting acceptance. Munjal’s resignation, submitted via email on March 26, 2026, is due to personal reasons.The company expressed appreciation for Munjal's contributions during her tenure. Surbhi Munjal’s Director Identification Number (DIN) is 09593268.Rajesh Thakur, Company Secretary & Compliance Officer (Membership No.: A71143), confirmed the resignation.Source:

Vikram Solar Limited Presents Analysts and Investors Day Insights Vikram Solar Limited, a leading solar module manufacturer, hosted an Analysts and Investors Day on March 24, 2026, in Mumbai, highlighting its strategic initiatives and financial performance. The company reported $682 Cr in revenue, reflecting a 154% year-over-year increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) saw growth of 150% year-over-year, totaling $3,350 Cr.Strategic Context and Market OpportunitiesThe presentation underscored India's role in energy security and its growing renewable energy appetite, noting a $137 billion annual crude import bill. Vikram Solar emphasized India's position as a key global supply chain and the...

Fino Payments Bank Announces Bail for MD & CEO, Rishi Gupta Fino Payments Bank Ltd. (Symbol: FINOPB) announced on March 26, 2026, that Rishi Gupta, the Managing Director & CEO, has been granted bail by the Hon'ble Special Judge for Economic Offences in Hyderabad.The ongoing investigation concerns program managers associated with multiple banks, and Fino Payments Bank confirmed that it does not relate to the bank's Goods and Services Tax (GST) compliance. The bank stated it will continue to fully cooperate with the authorities.Despite the ongoing investigation, Fino Payments Bank noted it continues to experience positive momentum in its core business, with sustained increases in deposits and growth in referral assets.The bank...

KNR Constructions Receives Letter of Acceptance for Telangana Road Project KNR Constructions Limited has received a Letter of Acceptance for a road project in Telangana, the company announced on March 26, 2026. The project involves widening and strengthening of a pipeline road from Shankarpally road at MGIT to Manikonda, including junction development at NPCI. The contract is with Hyderabad Growth Corridor Limited.The value of the project is Rs. 83,64,72,062.44, excluding GST. The construction period for the project is 9 months.Trading window for securities of the company will be closed from March 27, 2026, to March 28, 2026, inclusive, in accordance with the company’s insider trading policy.Source: