Markets

Bitcoin Holds Gains in Asia as Five-Month Losing Streak Ends, ETF Inflows Support Sentiment Bitcoin Steady Above $68,000 After March Recovery Bitcoin maintained its gains in early Asian trading on Wednesday after ending a five-month losing streak with a modest rise in March. The cryptocurrency was trading just above $68,000 at 9:00 a.m. in Singapore, showing little movement on the day, while Ether held firm above $2,100.The recovery comes after Bitcoin posted a 2.2% gain in March, marking its first monthly advance since September and raising hopes that the prolonged “crypto winter” may be nearing an end.Geopolitical Signals Lift Risk Assets Market sentiment improved following comments from US President Donald Trump, who indicated...

Adani Green Energy Adds 5 GW+ of Renewable Capacity in FY26, a Global High Adani Green Energy Limited (AGEL) added 5 GW+ (5,051 Megawatts) of renewable energy capacity during the financial year 2025-26, bringing its total operational portfolio to 19.3 gigawatts (GW). This marks the highest greenfield annual capacity expansion globally, excluding China.The new capacity addition includes 3.4 GW (3,409 MW) of solar, 0.7 GW (686 MW) of wind, and 1 GW (956 MW) of wind-solar hybrid capacity. The expansion is expected to offset approximately 10 million tonnes of carbon emissions annually, with AGEL’s total operational portfolio resulting in a 36 million tonnes annual carbon offset.The majority of the new capacity was commissioned at the...

Adani Green Energy Limited (AGEL) announced the commercial operationalization of renewable energy projects totaling 360.5 MW and a 1,376 MWh Battery Energy Storage System (BESS) on April 1, 2026. The renewable energy projects are located at Bandha, Rajasthan (137.5 MW), and Khavda, Gujarat (223 MW). The BESS projects are located at Khavda, Gujarat.The decision to commence power generation from the projects was made on March 31, 2026, at 10:43 p.m. Following the commissioning of these projects, AGEL's total operational renewable generation capacity has reached 19,293.8 MW, and its total operational BESS capacity is 1,376 MWh.The projects were operationalized through several Adani Green Energy Limited stepdown subsidiaries.Renewable...

IRB Infrastructure Trust’s Project SPV Commences Tolling on NH-16 Section IRB Chandibhadra Tollway Private Limited, a Project SPV of IRB Infrastructure Trust, commenced toll collection on the Chandikhole Bhadrak Section of NH-16 from April 1, 2026. This marks the beginning of a 20-year revenue-linked concession period for the project.The Project SPV made a payment of Rs. 3,087 Crores to the National Highways Authority of India (NHAI) on March 30, 2026, after achieving financial closure for the project. April 1, 2026, was designated as the Appointed Date by the NHAI.Mr. Virendra D. Mhaiskar, Chairman and Managing Director of IRB Group, stated that the project represents the Group's presence in 13 Indian States and is a vital link...

Tejas Networks and IIT Gandhinagar Partner to Advance Telecom Innovation Bengaluru, April 1, 2026 – Tejas Networks [BSE: 540595, NSE: TEJASNET] announced today a Memorandum of Understanding (MoU) with the Indian Institute of Technology Gandhinagar (IITGN) to foster innovation, research, and skill development in next-generation telecom technologies. IIT Gandhinagar is recognized as an Institute of National Importance by the Government of India.The collaboration aims to promote strategic research aligned with national priorities and will establish a telecom Center of Excellence (CoE) at IIT Gandhinagar. This CoE will focus on training, innovation, and deployment-oriented learning in both wireline and wireless technologies.“We are...

Currency Pressure Mounts as External Factors Intensify India’s rupee is facing the risk of weakening to a record level of 100 against the US dollar if the ongoing Iran war continues, with analysts warning that recent measures may offer only temporary support.The currency was already under strain before the conflict, impacted by widening external balances and persistent capital outflows.Oil Price Surge Adds to Economic Strain Strategists at Wells Fargo and Van Eck Associates Corp. have flagged elevated oil prices as a key driver that could accelerate the rupee’s decline. Higher crude prices are expected to push up inflation and widen the current-account deficit, adding further pressure on the currency.Market signals are aligning...

Sammaan Capital Ltd. to Consider USD Bond Buyback Sammaan Capital Limited announced it will hold a meeting of its Securities and Investment Committee on April 7, 2026, to consider and approve a buyback of USD denominated bonds. The meeting is scheduled to address the potential repurchase of the bonds, contingent upon adherence to applicable laws and regulatory approvals, as outlined in the respective issue documents.The company's stock trades under the codes 535789 and 890192.Source:

Smartworks Coworking Spaces Limited Announces Promoter Share Acquisitions Smartworks Coworking Spaces Limited announced that Promoters Neetish Sarda, Harsh Binani, and SNS Infrarealty LLP have acquired equity shares in the company through open market purchases between March 20th and March 30th, 2026.The acquisitions, made as a measure of enhanced disclosure and transparency, do not trigger mandatory disclosure requirements as each represents less than 2% of the total shareholding or voting rights.Details of the acquisitions are outlined below:PromoterShares Acquired% of Shares AcquiredNeetish Sarda39,7420.03Harsh Binani5,0000.00SNS Infrarealty LLP26,0000.02Source:

CleanMax and STT GDC India Scale Renewable Energy Partnership Beyond 130 MW to Power India's Sustainable, AI-Ready Digital Infrastructure Mumbai, India, April 01, 2026: Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX | BSE: 544717) and STT Global Data Centres India Private Ltd. have expanded their renewable energy partnership through additional Power Purchase Agreements (PPA).The latest agreement includes an additional 21 MWp of solar capacity, augmenting CleanMax's existing wind-solar hybrid power supply to STT GDC India's data centres in Chennai, Tamil Nadu. This expansion brings the overall partnership beyond 130 MW of reliable hybrid renewable energy capacity across key data centre hubs in Tamil Nadu and Maharashtra. As...

Asian Markets Surge as Kospi, Nikkei Jump Up to 5% on Hopes of US-Iran De-escalation Asian Markets Rally on Easing Geopolitical Concerns Asian markets rebounded sharply on Wednesday, April 1, driven by renewed optimism around a potential de-escalation in the US-Iran conflict following remarks from US President Donald Trump.South Korea’s Kospi surged nearly 5% in early trade, while the Kosdaq advanced 4.13%. The rally was further supported by strong export data, with March shipments rising 48.3% year-on-year.In Japan, the Nikkei 225 climbed 3.51%, and the broader Topix index gained 3.17%, reflecting broad-based buying across sectors.Australia’s S&P/ASX 200 rose 1.76%, supported by gains in education-related stocks. Hong Kong’s Hang...

Gold and Silver Prices Today: Bullion Extends Rally for Third Session, Gold Near $4,737, Silver Above $75 Gold and Silver Continue Uptrend Amid Easing War Signals Gold and silver prices extended their gains for a third consecutive session on Wednesday, April 1, supported by developments around the ongoing Middle East conflict.COMEX gold was trading 1.25% higher at $4,737 per ounce during Asian trading hours, following a sharp 3.5% rise in the previous session. Meanwhile, COMEX silver edged up 0.42% to $75.23 per ounce.The rally comes after US President Donald Trump indicated that the conflict with Iran could conclude within two to three weeks, signaling a potential easing of geopolitical tensions.Key Factors Driving Gold and...

Record FII Outflows of ₹1.6 Lakh Crore in FY26 Countered by Strong Domestic Inflows Foreign institutional investors (FIIs) withdrew more than ₹1.6 lakh crore from Indian equities in FY26, marking the highest annual outflow on record. Despite this, domestic institutional investors (DIIs) infused ₹8.49 lakh crore into the market, providing a strong counterbalance to the sustained foreign selling.Domestic Investors Provide Strong Support Domestic inflows, led by mutual funds, pension funds, and insurance companies, remained robust throughout the financial year. The total investment of ₹8.49 lakh crore in FY26 exceeded the combined equity inflows of the previous two financial years, highlighting consistent participation from local...

Petrol and Diesel Prices on April 1 Remain Steady Despite Global Oil Volatility Fuel Rates Hold Firm Across Major Cities Petrol and diesel prices remained largely unchanged across major Indian cities on April 1, even as global oil markets continued to experience significant volatility due to escalating tensions in the Strait of Hormuz. Oil marketing companies update fuel prices daily at 6 AM, but rates for regular petrol and diesel, which account for the bulk of retail fuel sales, have shown stability despite recent global developments. Latest Petrol and Diesel Prices in Key Cities Here are the fuel prices recorded across major metros:CityPetrol (₹ per litre)Diesel (₹ per litre)Delhi94.7787.67Mumbai103.5490.03...

Indian Markets Set for Positive Start After Global Rebound The Indian stock market is poised for a strong opening on Wednesday, with benchmark indices Sensex and Nifty 50 expected to move higher, tracking a sharp rebound in global equities. Optimism around a possible end to the US-Iran conflict has lifted investor sentiment across regions.Gift Nifty was trading near the 22,870 level, reflecting a premium of about 444 points over the previous close of Nifty futures. This indicates a gap-up start for domestic markets.The market remained shut on Tuesday due to Mahavir Jayanti. In the previous session on Monday, equities had witnessed a steep decline amid concerns over the geopolitical conflict and its potential impact on India’s...

Mishra Dhatu Nigam Limited Reports Record Sales in FY 2025-26 Mishra Dhatu Nigam Limited (MIDHANI) announced record-breaking performance for the fiscal year 2025-26, achieving its highest-ever sales of ₹ 1,206 crore (provisional and unaudited). This represents a 12% year-on-year growth compared to the previous year's ₹ 1,074 crore, and includes ₹ 85 crore (provisional and unaudited) in successful export orders.Despite significant geopolitical disruptions impacting raw material supply chains, strategic planning enabled MIDHANI to mitigate production impacts. Key drivers of this growth included the supply of Superalloys and Titanium alloys for indigenous aero-engine programs, along with performance-critical materials for the Indian Navy...

MIRC Electronics Limited Grants Stock Options, Plans Name Change MIRC Electronics Limited announced on Tuesday, March 31, 2026, that its Board of Directors approved several key business items.The company granted 2,95,00,000 stock options to Chief Executive Officer Gunjan Srivastava under the 'MIRC Electronics Employee Stock Option Plan 2023.' Each option allows for the allotment of one equity share with a face value of Re. 1/-. The grant is comprised of 90,00,000 options priced at ₹11.40 and 2,05,00,000 options priced at ₹16.81. Vesting for time-based options will occur on March 31, 2027, 2028, 2029, 2030 and 2031, with 20% vesting on each date, provided the employee remains with the company. Performance-based options are linked to...

Hemant Surgical Industries Ltd. Enters into Agreement with Sonomed Escalon for Manufacturing Hemant Surgical Industries Ltd. announced on April 1, 2026, an agreement with Sonomed Escalon, USA, a global leader in ophthalmic diagnostic imaging. The strategic Semi Knocked Down (SKD) Manufacturing Agreement will enable Hemant Surgical Industries Ltd. to undertake SKD manufacturing and localize 100% of manufacturing in India for ophthalmic ultrasound diagnostic devices.Under the terms of the agreement, Sonomed Escalon will supply components in SKD form at a preferential "Transfer Price." This price excludes taxes, duties, customs, statutory levies, and shipping unless otherwise agreed.Hemant Surgical Industries Ltd. confirmed that...

Welspun Corp Limited Delays Acquisition of Stake in Welspun Mauritius Holdings Limited Welspun Corp Limited announced a delay in the acquisition of a 2.57% equity stake in Welspun Mauritius Holdings Limited (WMHL), a subsidiary of the company. The acquisition, initially expected to be completed by March 31, 2026, is now anticipated to be finalized on or before September 30, 2026.The delay is attributed to ongoing procedural and transactional formalities. Upon completion, WMHL will become a direct wholly-owned subsidiary of Welspun Corp Limited. The objective of the acquisition is to streamline the company's overseas holding structure. The transaction, involving a wholly-owned subsidiary, will not impact the consolidated financials...

Rallis India Appoints Rashmi Joshi as Additional Director Rallis India Limited announced the appointment of Ms. Rashmi Joshi (DIN:06641898) as an Additional Director, serving in an Independent capacity. The appointment was approved by the Board of Directors on March 31, 2026, following a recommendation from the Nomination and Remuneration Committee.Ms. Joshi's term begins April 3, 2026, and extends for an initial period of five years, concluding on April 2, 2031, pending shareholder approval.Ms. Joshi is a Chartered Accountant and Company Secretary with over three decades of experience in diverse sectors, including Fast-Moving Consumer Goods, pharmaceuticals, and lubricants. She previously served as Executive Director and Chief...

NMDC Limited Appoints Anurag Kapil as Director (Finance) and CFO NMDC Limited announced the appointment of Shri Anurag Kapil as Director (Finance) effective March 31, 2026. This change follows an order from the Ministry of Steel, Government of India, dated March 18, 2026. Shri Kapil’s appointment is for a period of five years or until further orders.As Director (Finance), Shri Kapil will also serve as the company’s Chief Financial Officer (CFO) and Key Managerial Person (KMP). Smt. G Anupama, previously the CFO and KMP, has ceased to hold these positions effective March 31, 2026.Shri Anurag Kapil, an Indian Railway Accounts Service (IRAS) officer, brings over 26 years of experience across Indian Railways and Central Public Sector...