Markets

Axis Bank to Infuse ₹1,500 Crore in Axis Finance Limited Axis Bank Limited announced on March 18, 2026, that its Acquisitions, Divestments and Merger Committee approved a proposal to infuse ₹1,500 crore in Axis Finance Limited (AFL). The investment will be made in one or more tranches before March 31, 2027, through subscription to the Rights Issue of AFL.The Reserve Bank of India approved the investment via a letter dated March 10, 2026.According to information provided, Axis Finance Limited, a wholly owned subsidiary of Axis Bank, reported a turnover of ₹2,504 crore for the half year ended FY26. The acquisition falls under related party transactions, and the investment will be executed on an arm’s length basis.The table below...

Mankind Pharma Acquires Rivotril Brand, Bolsters CNS Therapy Focus New Delhi, March 18, 2026: Mankind Pharma Limited announced today the acquisition of the Rivotril brand from Roche for the Indian market. The agreement grants Mankind Pharma exclusive rights to manufacture, market, and distribute the product throughout the country.Rivotril is the innovator brand of clonazepam and is widely prescribed for the management of neurological and psychiatric conditions. The acquisition reinforces Mankind Pharma's focus on chronic and central nervous system (CNS) therapies, complementing its existing neuro portfolio.Atish Majumdar, Senior President, Sales & Marketing, Mankind Pharma Specialty Business, stated that the acquisition aligns with...

Uno Minda Limited Allots Shares Under Employee Stock Option Scheme Uno Minda Limited announced the allotment of 5,420 equity shares under the Uno Minda Employees Stock Option Scheme 2019, according to a filing on March 18, 2026. The Nomination & Remuneration Committee approved the allotment on March 17, 2026, following the exercise of options by grantees.The company is currently seeking listing of the newly allotted shares on both the National Stock Exchange of India Limited (NSE) and BSE Limited.As a result of this allotment, the paid-up equity share capital of the company has increased from Rs. 1,15,48,32,792 to Rs. 1,15,48,43,632.Details regarding the share allotment are provided in Annexure-1. The exercise price per share...

LTIMindtree Recognized as NVIDIA Partner Network ‘Rising Star Consulting Partner of the Year’ Mumbai, India – March 18, 2026 – LTIMindtree Limited, a global technology services and consulting company, has been named the NVIDIA Partner Network (NPN) ‘Rising Star Consulting Partner of the Year’ at NVIDIA GTC 2026. The recognition acknowledges LTIMindtree's collaborative relationship with NVIDIA and its role in assisting enterprises in implementing AI solutions at scale.The NVIDIA Partner Network (NPN) facilitates a global ecosystem of partners working with NVIDIA to deliver AI solutions. Partnership involves close collaboration to help clients transition from AI pilots to enterprise-scale deployments. LTIMindtree combines NVIDIA’s AI...

Karur Vysya Bank Announces Postal Ballot Notice for Key Appointments Karur Vysya Bank Ltd. announced on March 18, 2026, that it is seeking shareholder approval through a postal ballot for the re-appointment of key personnel. The announcement, made in compliance with the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows a Postal Ballot Notice dated March 4, 2026.The resolutions include the re-appointment of Shri B Ramesh Babu as Managing Director & Chief Executive Officer (CEO) for a third term of two years and the re-appointment of CA Dr Chinnasamy Ganesan as Non-Executive Independent Director for a second term of five years.Key Details of Resolutions:Sl...

Thomas Cook (India) Ltd. to Consider Corporate Restructuring and Capital Structure Streamlining Thomas Cook (India) Ltd. announced that a meeting of its Board of Directors will be held on Friday, March 20, 2026, to consider and approve a corporate restructuring proposal and streamline the company’s existing capital structure.The announcement follows a closure of the trading window for designated individuals and their immediate relatives, effective March 18, 2026, and continuing through March 22, 2026, in accordance with the company’s insider trading prevention policy.Source:

Godrej Properties Acquires 20-Acre Land Parcel Near Bengaluru’s Whitefield Godrej Properties Limited (GPL) announced the acquisition of a ~20-acre land parcel in East Bengaluru, near Whitefield. The company plans to develop a premium residential project on the site with an estimated revenue potential of approximately INR 1,350 crore.The land parcel is located near NH-648 Main Road within the Whitefield growth corridor, a hub for technology firms and service-led employment. The area benefits from proximity to the Whitefield-ITPL region, access to the NH-648 corridor, and operational metro stations at Kadugodi and Hopefarm.The micro-market has seen stable residential demand driven by end-user interest across mid and premium housing...

Sugs Lloyd Ltd. Secures Rs. 639.24 Crore Contract from Konkan Railway Corporation Limited Sugs Lloyd Ltd. announced on March 18, 2026, that it has received Letters of Award (LOA) from Konkan Railway Corporation Limited for a significant plant contract. The total order value, including Goods and Services Tax (GST), amounts to Rs. 639.24 crores (Rupees Six Hundred Thirty Nine Crore and Twenty Four Lakhs Only).The contract encompasses the supply, installation, testing, and commissioning of plant equipment, including SCADA-DMS work, for projects being executed by Konkan Railway Corporation Limited. The work is expected to be completed within 24 months from the date of the Letters of Award.Key details of the contract are summarized...

Reliance Industries Faces Customs Order, Plans Appeal Reliance Industries Limited announced it received an order from the Additional Commissioner of Customs, Mundra, levying a redemption fine and penalty totaling Rs. 17,06,958. The order, dated March 16, 2026, alleges the company discharged a lesser customs duty due to the incorrect classification of imported goods in a Bill of Entry.The company received the order via email on March 17, 2026, at 09:49 a.m. (IST). Reliance Industries intends to file an appeal against the order.The financial impact of the order is limited to the levied redemption fine and penalty amount. According to the company, the order has no impact on its operations or other activities.Source:

Acme Solar Holdings Limited Announces Further Wind Power Project Commissioning Acme Solar Holdings Limited announced the commissioning of an additional 8 megawatts (MW) of capacity at its wind power project, bringing the total commissioned capacity to 84 MW out of the total 100 MW project. The project is located at Village: Titoda, Taluka: Sayla, Dist: Surendranagar, Gujarat, and 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 expected to be issued shortly. This update follows previous announcements dated October 17...

BF Utilities Limited Appoints Independent Woman Director, Addresses NSE Compliance Concerns BF Utilities Limited (BFUL) announced on March 17, 2026, that it has appointed an Additional, Non-Executive Independent Woman Director to the company. The appointment, recommended by the Nomination and Remuneration Committee, is for a period of three consecutive years, effective March 17, 2026, to March 16, 2029, and is subject to shareholder approval via postal ballot.The move comes after the company addressed concerns raised by the National Stock Exchange of India (NSE) regarding non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically related to the composition of the...

Prithvi Exchange Receives In-Principle Approval from Visa for Forex Card Launch Prithvi Exchange (India) Limited announced it has received an In-Principle Approval from Visa for the launch of its Forex Card program. This development is part of the company’s product and digital expansion strategy.The approval indicates Visa's preliminary validation of Prithvi Exchange’s compliance framework, operational readiness, and customer onboarding processes. The company can now move towards rollout, subject to completion of final requirements for the BIN sponsorship model of issuance.The proposed Forex Card is intended to provide a secure and convenient payment solution for travelers, students, and corporations. It is designed to strengthen...

SBI Life Insurance Allots Equity Shares Under Employee Stock Option Scheme SBI Life Insurance Company Limited announced the allotment of 75,325 equity shares following the exercise of vested options under the 'SBI Life Employee Stock Option Scheme 2018'. The decision was approved by the Board’s Stakeholders' Relationship & Sustainability Committee on March 17, 2026.The allotment increases the company's paid-up share capital to Rs. 10,03,09,21,210, comprised of 100,30,92,121 equity shares with a face value of Rs. 10 each.Further details regarding the allotment are available on the company website at https://www.sbilife.co.in/.Source:

Madhav Bansidhar Shriram Acquires Significant Stake in DCM Shriram International Ltd. DCM Shriram International Ltd. announced that Madhav Bansidhar Shriram, acting as a Person Acting in Concert (PAC), has significantly increased their shareholding in the company. The acquisition occurred off-market on March 13, 2026.According to filings, Madhav Bansidhar Shriram’s holding increased by 4,643,075 shares, representing a 5.34% stake in the company. Prior to the acquisition, Madhav Bansidhar Shriram held 4,299,224 shares, equating to 4.94% of the total share/voting capital and 4.94% of the total diluted share/voting capital. Following the acquisition, Madhav Bansidhar Shriram’s total shareholding stands at 8,942,299 shares, representing a...

Unitern Revives Parth Gardenia Project Through DaaS Model, Targets INR 300 Crore Launch Mumbai, India, March 17, 2026 – Arisinfra Solutions Limited (ARIS | 544419 | INE0H9P01028) announced that ArisUnitern RE Solutions Pvt Ltd. (Unitern) has successfully revived the stalled Parth Gardenia project in Bengaluru utilizing its Developer-as-a-Service (DaaS) platform. The project is being transformed into a high-value residential development.The project, previously facing financial leverage and regulatory delays, has undergone a turnaround in under 12 months through Unitern's comprehensive strategy. Unitern collaborated with the project promoter to achieve financial closure, secure all regulatory approvals including RERA, and implement...

HEG Limited Receives Dismissal of Show Cause Notice Regarding IGST Refunds HEG Limited announced on March 17, 2026, that the Office of the Deputy Commissioner (SGST) in Mandideep, Bhopal, has dropped a show cause notice related to the tax period FY 2019-20. The notice, previously issued in November 2025, had proposed a recovery of IGST refunds along with a penalty amounting to Rs. 282.34 Crores. The GST authority dropped the proceedings under Section 74 of the MPGST Act 2017 read with section 74 of CGST Act 2017, based on information available on record.The company noted that this development has no impact on its financial, operational, or other activities. The show cause notice related to the tax period FY 2020-21 remains pending...

Strides Strengthens its Africa Business with Acquisition of Generic Brands from Sandoz Bangalore, India, March 17, 2026 – Strides Pharma Science Limited (Strides) announced that its step-down subsidiary, Strides Pharma International AG (SPIAG), has entered into definitive agreements with Sandoz AG and its group entities for the acquisition and in-licensing of a portfolio of branded generic products across Sub-Saharan Africa (SSA).The agreement spans four key markets: Western Sahara, Ghana, Nigeria, and Kenya, encompassing brands across anti-infective, cardiovascular, and dermatology therapeutic segments. Several products individually deliver annual sales exceeding US$1 million.The transaction includes both fully acquired products...

Exato Technologies Ltd. Secures Export Orders from Diligenta Limited Valued at USD 121,700 Exato Technologies Ltd. announced on March 17, 2026, that it has received two export orders from Diligenta Limited, based in Peterborough, England. The orders are for the supply of CXone Mpower Omnichannel, WFM and EEM licenses, as well as related Software Services.The total value of the orders is USD 121,700 (United States Dollars One Lakh Twenty-One Thousand Seven Hundred Only), excluding applicable taxes, duties, levies, or other government-imposed charges.According to a company statement, this development reflects Exato Technologies’ technical expertise and focus on delivering software and technology-driven solutions.CXone Mpower...

Thomas Cook India to Consider Corporate Restructuring Proposal Thomas Cook (India) Ltd. announced that a meeting of its Board of Directors will be held on Friday, March 20, 2026, to consider and approve a corporate restructuring proposal and streamline the company’s existing capital structure.The announcement was made on March 17, 2026.Trading window for designated persons and their immediate relatives has been closed from March 18, 2026, and will remain closed until March 22, 2026, in accordance with the company's policy on prevention of insider trading.Thomas Cook (India) Ltd. is headquartered in Mumbai. The company provides foreign exchange, business travel, MICE, and value-added services.BSE Scrip Code: 500413 NSE Scrip...

NHPC Limited Announces Commercial Operation of Subansiri Lower HE Project Unit #1 NHPC Limited declared the Commercial Operation (CoD) of Unit #1 (250 MW) of the Subansiri Lower Hydro Electric Project, a 2000 MW (8 x 250 MW) project located in Assam/Arunachal Pradesh, starting at 00:00 hours on March 20, 2026.This announcement follows previous updates on the project’s progress dated October 5, 2023, October 13, 2023, May 22, 2024, August 20, 2024, October 22, 2024, December 26, 2024, May 26, 2025, June 30, 2025, October 10, 2025, December 3, 2025, December 18, 2025, December 21, 2025, and January 30, 2026.With the commissioning of Unit #1, a total of three units – Unit #1, Unit #2, and Unit #3 – within the Subansiri Lower HE Project...