Markets

Welspun Corp Limited Acquires 45% Stake in Welspun Corporate Services Limited Welspun Corp Limited announced the acquisition of a 45% stake in Welspun Corporate Services Limited (WCSL), formerly known as Welspun Home Textiles Limited, for a consideration of Rs. 45,000. The acquisition will be completed by March 31, 2026. The remaining 55% stake will be acquired by other Welspun Group entities.WCSL is being positioned as a centralized corporate services platform for Welspun Group entities, offering services including human resources, legal, regulatory and compliance, taxation, corporate restructuring, mergers and amalgamations, strategic advisory, and other corporate services. The acquisition is intended to support the establishment...

RNIT AI Solutions Limited Receives Multiple Work Orders from Telangana Government RNIT AI Solutions Limited (NSE: 517286) announced on March 20, 2026, that it has received multiple work orders from Telangana Technology Services Limited (TGTS), a Government of Telangana undertaking. The work orders are for the implementation and maintenance of AI-based Facial Recognition Attendance Management Systems.These orders pertain to deployment of the solution for the Government Higher Education Department across the State of Telangana, covering the State Board of Technical Education and Training (SBTET), Collegiate Education Department, and ITI institutions. The project spans a period of three years.The company stated this engagement...

JSW Cement Commissions New Integrated Cement Plant in Rajasthan JSW Cement Limited has successfully commissioned a greenfield integrated cement plant in Nagaur, Rajasthan, marking the company's entry into the North Indian market. The plant features a cement grinding capacity of 2.5 MTPA and a clinkerisation capacity of 3.3 MTPA.The commissioning of the new facility has increased JSW Cement’s total grinding capacity to 24.1 MTPA. The company’s total clinker manufacturing capacity, including its joint venture JSW Cement FZC, now stands at 9.74 MTPA.The information is available on the company website at www.jswcement.in.Source:

Amber Enterprises to Invest Approximately Rs. 296.02 Crore in Subsidiary IL JIN Electronics Amber Enterprises India Limited announced on March 19, 2026, that it has approved an investment of approximately Rs. 296.02 crore in IL JIN Electronics (India) Private Limited, a material subsidiary. This investment will be made through a subscription to IL JIN’s rights issue.IL JIN Electronics is a leading provider of high-precision Electronics Manufacturing Services (EMS) serving sectors including automotive, smart electronics, consumer durables, telecom, healthcare, industrial, renewable energy, aerospace, and defence. The company’s registered office is located in Pune, Maharashtra.Financial Details of IL JIN Electronics:ItemDetails...

Archean Chemical Industries Limited Approves Merger of Subsidiaries March 20, 2026 – Archean Chemical Industries Limited announced that its Board of Directors has approved the merger of its wholly-owned subsidiary, Idealis Chemicals Private Limited (ICPL), with its wholly-owned subsidiary, Idealis Mudchemie Private Limited (IMPL). The merger will be implemented in accordance with the Companies Act, 2013, the Income Tax Act, 1961, and other applicable laws.ICPL, incorporated on October 5, 2023, is involved in the manufacturing of various chemical products. IMPL provides services including drilling, work over, geological surveys, pipeline construction, and mud engineering. Both companies have registered offices located at No. 2, North...

IREDA Board Approves Enhanced Borrowing Plan and Resource Mobilization Program Indian Renewable Energy Development Agency Limited (IREDA) announced on March 19, 2026, that its Board of Directors has approved an enhancement to its borrowing plan for the fiscal year 2025-26, raising the limit from up to ₹30,800 Crore to up to ₹35,800 Crore. The borrowing will be sourced through various instruments, including taxable bonds, subordinated Tier-II bonds, perpetual debt instruments, term loans, lines of credit, and external commercial borrowings.Furthermore, the Board approved a market borrowing program of up to ₹40,000 Crore for the fiscal year 2026-27, excluding funds raised under Extra Budgetary Resource (EBR). This program encompasses a...

GMR Power and Urban Infra Announces Subsidiary Formation for Renewable Energy Initiatives GMR Power & Urban Infra Limited announced the incorporation of GMR Andhra Pradesh Renewable Energy-I Limited (GAPREL) as a wholly-owned subsidiary of its subsidiary, GMR Energy Limited. The new entity was incorporated on March 19, 2026, and has a current paid-up capital of Rs. 5 lakh.GAPREL is intended to explore business opportunities in the renewable energy sector. The company noted that GAPREL is yet to engage in active business operations.The incorporation does not constitute a related party transaction, and the promoter/promoter group/group companies of GMR Power & Urban Infra Limited do not have any interest in GAPREL beyond its...

Patel Retail Limited Updates Investors at Meetings Mumbai, India – March 20, 2026 – Patel Retail Limited announced it held one-on-one and group meetings with several investors on Wednesday, March 18, 2026. The interactions, conducted online, included discussions with Prudent Equity Private Limited, Sapphire Capital, Hornic Investment, Family Investments, Counter Cyclical Investments, and a group of High Net Worth Individuals (HNIs).The company stated that management discussions during the investor meetings were based on publicly available information and no unpublished price-sensitive information was disclosed.Sr.noCompany/Institution/Analysts/ OrganizationMode of Meeting1Prudent Equity Private limitedonline2Sapphire...

ICICI Lombard General Insurance Company Acquires Shares in HDFC Bank Limited Mumbai – March 20, 2026 – ICICI Lombard General Insurance Company Limited announced that its investment function acquired shares in HDFC Bank Limited in multiple tranches over a period of time. As of March 19, 2026, the company’s cumulative holding in HDFC Bank Limited stands at 0.05%.HDFC Bank Limited, incorporated on August 30, 1994, is India’s largest private sector bank. The bank provides a wide range of banking services including commercial, investment, and retail banking. As of March 19, 2026, HDFC Bank Limited’s market capitalization was ₹ 12.31 trillion.The acquisition of shares is being made in the ordinary course of the company's investment...

Windsor Machines Limited Receives NCLT Approval for Amalgamation of Global CNC Private Limited March 19, 2026 – Windsor Machines Limited announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench, has sanctioned the Scheme of Amalgamation between Global CNC Private Limited, a wholly-owned subsidiary of Windsor Machines Limited, and Windsor Machines Limited, along with their respective shareholders and creditors.The Scheme, which has an Appointed Date of April 1, 2025, was listed for pronouncement of order on March 19, 2026. The NCLT order has been uploaded on the NCLT website.Global CNC Private Limited has a registered office at Survey No 1148, Village-Chibhda, Sub-District-Lodhika, District-Rajkot, Gujarat-360035...

HCL Technologies Releases Guarantee on USD 500 Million Senior Notes HCL Technologies Limited announced the full repayment of outstanding senior notes issued by its wholly owned step-down subsidiary, HCL America Inc. The notes, initially valued at USD 500 million and issued in March 2021, carried a guarantee from HCL Technologies.HCL America Inc. repaid the remaining balance of USD 252.207 million on March 10, 2026. Previously, in February 2023, the company bought back and cancelled USD 247.793 million worth of the notes.With the outstanding notes now fully repaid, the unconditional and irrevocable guarantee provided by HCL Technologies has been released by the Trustee of the notes.Source:

CarTrade Tech Limited Issues Corrigendum for Share Allotment CarTrade Tech Limited announced a corrigendum to its previous notification regarding the allotment of 35,100 equity shares under employee stock option schemes (ESOPs) dated March 13, 2026. The correction addresses an inadvertent omission of the Employee Stock Option Plan 2015 in the original filing.The company clarified that while the number of shares allotted was accurate in the initial notification, the corrigendum provides comprehensive details regarding the ESOP Schemes and aligns with the requirements of Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.Detailed information pertaining to the Employee Stock Option Plan 2010...

Bluspring Enterprises Limited to Acquire STEAG Energy Services India Bengaluru, March 19, 2026: Bluspring Enterprises Limited [NSE: BLUSPRING, BSE: 544414), India's leading integrated infrastructure services enterprise, announced that its wholly-owned subsidiary, Bluspring New Horizon One Private Limited, has entered into a definitive agreement to acquire 100% shareholding in STEAG Energy Services India Private Limited. STEAG India, currently a wholly owned subsidiary of STEAG Power GmbH of Germany, will become a step-down subsidiary of Bluspring New Horizon One Private Limited. The transaction is expected to close within 60-90 days, subject to customary closing conditions.STEAG India, founded in 2001, is a leading provider of...

Angel One Limited Settles with SEBI Regarding Association with Algo Platforms Angel One Limited announced on March 20, 2026, that it has settled proceedings with the Securities and Exchange Board of India (SEBI) regarding its association with certain algorithmic (algo) platforms. The settlement, formalized in Settlement Order No. PSD/SD/SettScheme/2/2025-26, stems from an investigation into whether the company's association with these platforms violated SEBI Circular SEBI/HO/MIRSD/DOP/P/CIR/2022/117 dated September 02, 2022, and regulations outlined in Schedule II and Regulation 9 of the SEBI (Stock Brokers) Regulations, 1992.The investigation observed that Application Programming Interfaces of Angel One Limited remained integrated...

Persistent Systems Appoints Hari Abhyankar as Executive Vice President Persistent Systems Limited announced the appointment of Hari Abhyankar as Executive Vice President (EVP) – Private Equity and Professional Services, effective March 19, 2026.Mr. Abhyankar joins Persistent Systems with extensive experience in leveraging technology and artificial intelligence for business transformation. Previously, he was a Partner at McKinsey & Company. He brings a track record of translating AI, strategy, and analytics into commercial results, with over 11 years in C-suite consulting and more than 14 years as an operator. Mr. Abhyankar has led transformation initiatives across sales, marketing, product, and revenue operations. He holds a PhD from...

Power Grid Corporation of India Limited Board Approves ₹705.30 Crore Investment Power Grid Corporation of India Limited (POWERGRID) announced that its Board of Directors has approved an investment of ₹705.30 Crore for the procurement of cold spare Transformers & Reactors, as approved in the 77th National Register of Power Projects (NRPC).The project, slated for implementation over a period of 30 months from the date of investment approval, aligns with POWERGRID’s ongoing efforts to enhance grid stability and reliability. The investment approval was granted during a board meeting held on March 19, 2026. POWERGRID is a Government of India Enterprise.Source:

Infosys Limited Incorporates Subsidiary in Australia Infosys Limited announced the incorporation of a step-down wholly-owned subsidiary, Infosys Enterprise Business Services Pty. Ltd., in Australia on March 19, 2026. The subsidiary is incorporated in the name of Infosys Enterprise Business Services Pty. Ltd.The subsidiary operates in the Information Technology and Information Technology enabled Services industry. Infosys Singapore Pte. Ltd., a step-down wholly-owned subsidiary of Infosys Limited, holds 100% of the shareholding. The company’s share capital is AUD 10.The incorporation does not constitute a related party transaction.Below is a summary of key details regarding the newly formed subsidiary:ParticularsDetailsName...

Hero MotoCorp Designates Manish Srivastava as Senior Management Personnel Hero MotoCorp Limited announced the designation of Mr. Manish Srivastava, Chief Quality Officer (CQO), as a senior management personnel, effective April 1, 2026.Mr. Srivastava has been associated with Hero MotoCorp for over ten years and brings more than three decades of extensive experience across the automobile and engineering sectors. He is an engineering graduate from the National Institute of Technology, Durgapur. Prior to his current role, he served as National Head - Service at Hero MotoCorp and has held the position of Chief Quality Officer since September 2023.The appointment reflects Mr. Srivastava's continued leadership within the company...

JSW Cement Expands into North India with New Plant Commissioning Mumbai/Nagaur (Rajasthan), March 19, 2026 – JSW Cement, a subsidiary of the JSW Group, has commenced production at a new greenfield integrated cement manufacturing plant in Nagaur, Rajasthan, marking its entry into the North Indian market.The commissioning of the Nagaur facility elevates the company’s total cement grinding capacity to 24.1 MTPA, with a clinker manufacturing capacity of 9.74 MTPA, including its joint venture, JSW Cement FZC.The new plant features a 3.30 MTPA clinkerization unit and a 2.50 MTPA cement grinding unit, with an additional 1.00 MTPA cement grinding unit currently under construction. This facility is strategically positioned to serve...

Acme Solar Holdings Limited Announces Further Wind Power Project Commissioning Acme Solar Holdings Limited announced the commissioning of an additional 4 MW of capacity for its wind power project, bringing the total commissioned capacity to 88 MW out of the total 100 MW project. The project, located in Village Titoda, Taluka Sayla, Dist Surendaranagar, Gujarat, is managed by ACME Eco Clean Energy Private Limited, a subsidiary of Acme Solar Holdings Limited.The commissioning was confirmed by officials from Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL). A formal certificate is anticipated to be issued shortly. This announcement follows previous updates provided on October 17, 2025, November 3...