Markets

Coforge Receives RBI Approval for Encora Acquisition Coforge Limited announced it has received approval from the Reserve Bank of India (RBI) for Overseas Direct Investment exceeding USD One Billion, related to the ongoing acquisition of Encora. The approval was received March 30, 2026, and follows previous regulatory approvals obtained January 28, 2026, and February 28, 2026.Prior approvals include Hart-Scott-Rodino (HSR) Antitrust Improvement Act clearance in the United States, shareholder approval via postal ballot for matters including Preferential Allotment, Debt Funding, and special rights under the Share Purchase Agreement to Advent, and competition related approvals in Australia.Several other regulatory approvals in various...

Sai Life Sciences Announces Senior Management Change Sai Life Sciences Limited announced a change in senior management, effective April 1, 2026. Dr. John Pavey has been appointed as Head - Global PR&D, succeeding Dr. Dean David Edney, who is retiring from the same position at the close of business on March 31, 2026.Dr. Pavey brings over two decades of global experience in CMC and chemical development, previously holding senior leadership roles at Johnson & Johnson, UCB, and AstraZeneca. His expertise encompasses API development across the product lifecycle, regulatory approvals, and commercial supply, with a focus on new modalities, digital chemistry, sustainable manufacturing, and Quality by Design. He holds a BA (Hons) in Chemistry...

NTPC Green Energy Limited Announces Commercial Operation of Solar Projects, Increasing Total Capacity NTPC Green Energy Limited announced the commencement of commercial operations for additional capacity at two solar projects in Gujarat. The twelfth and final phase of the 78.02 MW Khavda-I Solar PV Project began operations on March 31, 2026, at 00:00 hrs. Additionally, the sixth phase of the 90 MW Khavda-II Solar PV Project also commenced operations on the same date.These projects are managed by NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Green Energy Limited. The addition of this capacity increases the total installed capacity of the NTPC Green Energy Limited Group to 10,075.70 MW, up from the previous 9,907.68...

Standard Engineering Technology Limited Receives Order Regarding Tax Assessment Standard Engineering Technology Limited (formerly known as Standard Glass Lining Technology Limited) announced it received an order dated March 30, 2026, from the Office of the Assistant Commissioner (State Taxes), Government of Telangana. The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017 read with the Telangana Goods and Services Tax Act, 2017, relates to a demand notice raised for the financial year 2019-20.The notice pertains to differences in taxable value in comparison with E waybills, with an involved amount of ₹ 3,16,42,395.The company reports no financial or operational implications from the order and has stated...

Nazara Technologies Limited Invests INR 14.99 Crore in Rusk Media Private Limited Nazara Technologies Limited announced an investment of INR 14,98,99,176 in Rusk Media Private Limited (RMPL) on March 30, 2026. The investment involves the subscription of 1,278 Pre Series C Compulsorily Convertible Preference Shares with a face value of INR 10 each, representing 1.36% of share capital on a fully diluted basis.RMPL, incorporated on February 13, 2019, reported a turnover of INR 81,38,83,000 as of March 31, 2025. The acquisition does not constitute a related party transaction.According to the agreement, Nazara will gain exclusive monetization rights on intellectual property created by Rusk and the ability to monetize characters and...

Indus Towers Appoints New COO, Announces Leadership Transition Indus Towers Limited announced changes to its senior leadership team on March 30, 2026. Tejinder Singh Kalra, the current Chief Operating Officer (COO), will retire from the company on August 31, 2026, upon attaining superannuation.To ensure a smooth transition, Venkatesh Tiwari has been appointed as the new COO, effective April 1, 2026. Kalra will continue in his role as COO until June 30, 2026, and will then cease to be a Senior Management Personnel (SMP) while assisting with the transition until his retirement.The company expressed appreciation for Kalra’s contributions during his tenure.Venkatesh Tiwari brings nearly 28 years of leadership experience across various...

Jain Resource Recycling Limited Acquires Equity Shares in Captive Generating Plants Jain Resource Recycling Limited announced the acquisition of equity shares in three captive generating plant (CGP) companies, Sea Sindu Green Energy Private Limited, Sri Kamakshi Wind Power Private Limited, and OMSakthi Wind Power Private Limited, for the purpose of captive use of electricity.The Borrowing and Investment Committee of the Board of Directors approved the acquisitions at a meeting held on March 30, 2026.The company acquired 26% equity shareholding in each entity. The consideration for the acquisitions was as follows:Sr. No.Name of the Target EntityConsideration (in Rs.)Percentage of Shareholding to be acquired1.Sea Sindu Green...

Capri Global Capital Limited Announces Public Issue of Non-Convertible Debentures Capri Global Capital Limited has announced the approval and adoption of a Shelf Prospectus and Tranche I Prospectus for a public issue of secured, rated, listed, redeemable, non-convertible debentures. The company intends to raise ₹1,000 million with a green shoe option to retain oversubscription of up to ₹4,000 million, bringing the total Tranche I Issue to ₹5,000 million. This falls within a shelf limit of up to ₹20,000 million.The Management Committee of the Board of Directors approved the prospectus on March 30, 2026, following initial approval by the Board of Directors on March 10, 2026. The debentures have a face value of ₹1,000 each.The issue...

Nibe Limited Announces Sale of Subsidiary Nibe Aeronautics Limited Nibe Limited announced on March 30, 2026, that its subsidiary, Nibe Defence and Aerospace Limited (NDAL), has entered into a Share Purchase Agreement (SPA) with Mr. Nibe Ganesh Ramesh for the sale of equity shares in Nibe Aeronautics Limited (NAL). Upon completion of the transaction, NAL will cease to be a subsidiary of NDAL and a step-down subsidiary of Nibe Limited.The consideration for the sale is not less than the original investment amount of Rs 1,52,00,000. Mr. Nibe Ganesh Ramesh, the Purchaser, is a Promoter of Nibe Limited.The transaction is expected to be completed on or before May 30, 2026, and is subject to fulfillment of certain conditions precedent...

CEAT Limited Receives Order Regarding Goods and Services Tax Demand Mumbai - CEAT Limited announced today that it received an order from the GST State Tax Officer, Group-VIII, Intelligence-II Chennai, Tamil Nadu. The order confirms a demand of INR 4.7 crore for the Financial Year 2019-20, accompanied by an equal penalty of INR 4.7 crore and applicable interest. The demand relates to alleged availment and utilization of ineligible input tax credit.The communication regarding the order was received by CEAT Limited's authorized officers on March 30, 2026.According to the company, it is considering an appeal regarding the matter and believes the demand will have no material impact on its financial performance, operations, or other...

Mphasis Limited Receives Income Tax Demand Order Mphasis Limited announced on March 30, 2026, that it received an order and a notice of demand from the Office of the DCIT, International tax, Circle 1(1), Bangalore Income Tax Department. The order pertains to assessment year 2020-21 and includes a demand of ₹ 151.73 crores.The company was selected for scrutiny under section 133(6) of the Income Tax Act, 1961. The order primarily concerns the demand for tax deductible at source on payments made to overseas associated enterprises.Mphasis Limited believes the claims are not maintainable and anticipates no material financial impact. Management cited favorable precedents in previous assessment years for other industry participants. The...

Zaggle Prepaid Ocean Services Limited Recognized as a Leading ESG Entity in India Zaggle Prepaid Ocean Services Limited has been recognized as one of “India’s Leading ESG Entities” in Dun & Bradstreet’s report, “ESG Horizons: Now and Next 2026.” The recognition highlights the company's commitment to environmental, social, and governance practices. A copy of the report detailing the recognition has been provided.Source:

Signature Global Partners with RMZ for Commercial Development, Secures ₹1,293 Crore Investment Signature Global (India) Ltd. (BSE: 543990 | NSE: SIGNATURE) announced a partnership with RMZ group, securing an investment of ₹1,293 crore for a 50% equity stake in Gurugram Commercity Limited (GCL), a subsidiary company.The investment will be used to jointly develop a large-scale mixed-use commercial project on the Southern Peripheral Road (SPR) in Gurugram. The project, with a Floor Space Index of 3.94 million square feet, is expected to have a total capital value of approximately ₹14,000-16,000 crore upon completion. The development will include office spaces, hotels, and retail components.RMZ acquired the 50% stake through a...

Abans Financial Services Limited Announces Directorate Changes Abans Financial Services Limited announced the re-appointment of Mr. Abhishek Bansal as Managing Director and Ms. Ashima Chhatwal as an Independent Director. The decisions followed shareholder approval from a postal ballot held on February 09, 2026.Mr. Abhishek Bansal’s re-appointment as Managing Director is effective June 18, 2026, for a second term of five consecutive years, extending through June 17, 2031. Mr. Bansal is a Commerce graduate from the University of Mumbai and the founder of the Abans Group. He oversees the Group's overall strategy, operations, and expansion.Ms. Ashima Chhatwal's re-appointment as an Independent Director takes effect July 12, 2026, also...

Federal Bank Re-Appoints Harsh Dugar as Executive Director Federal Bank Limited announced the re-appointment of Mr. Harsh Dugar as Executive Director on its Board, effective June 23, 2026. The decision, recommended by the Board, received approval from the Reserve Bank of India (RBI) via a letter dated March 30, 2026.Mr. Dugar’s re-appointment is for a period of three years and is subject to shareholder approval at the next General Meeting or within three months. He is not disqualified from holding the office of Director by any regulatory authority.Mr. Harsh Dugar has served as Executive Director of The Federal Bank Ltd since 2023. Prior to joining the bank in 2016, he spent 20 years in corporate banking at HDFC Bank. He holds a...

Bank of Baroda Resumes Government Business Following Brief Suspension Bank of Baroda confirmed a brief suspension of its government business operations following an incident involving fund transfers to the Madhya Pradesh government. The events unfolded between March 26 and March 28, 2026.According to a timeline provided by the bank, a branch received an email request on March 26, 2026, for funds to be transferred from a Madhya Pradesh government savings account. A discrepancy was noted between the requested amount and the available balance. Later the same day, a revised amount request arrived via email.On March 27, 2026, the branch received an email with an attached letter from the State Government Department authorizing the funds...

Muthoot Capital Services Limited Completes Two Securitization Transactions Muthoot Capital Services Limited announced the completion of two securitization transactions on March 30, 2026.The company raised ₹ 1,03,70,01,698.70 through the assignment of TwoWheeler Loan receivables totaling ₹ 1,11,50,55,590. Additionally, a further ₹ 72,67,42,353 was raised via the assignment of TwoWheeler Loan receivables amounting to ₹ 77,31,30,163.These transactions mark the seventh and eighth securitization deals undertaken by the company during the fiscal year 2025-26. The loan pool originates from the non-priority sector and aligns with guidelines set by the Reserve Bank of India.Source:

Tata Steel Acquires Remaining Stake in Medica TS Hospital Private Limited Tata Steel Limited has completed the acquisition of the remaining stake in Medica TS Hospital Private Limited, making it a wholly-owned subsidiary of the company. The acquisition finalized on March 30, 2026, follows a previous disclosure made on March 17, 2026.The acquisition involved purchasing securities from Manipal Hospitals Eastern India Private Limited. Tata Steel acquired 7,40,000 equity shares with a face value of ₹10 each, representing a 49% equity stake, and 2,30,05,182 Optionally Convertible Redeemable Preference Shares (-0.01%) constituting 31.85% of the preference share stake. The total consideration for the acquisition was ₹1.49 crore.With this...

3M India to Cease Precision Grinding & Finishing Operations Following Business Sale 3M India Limited will discontinue its Precision Grinding & Finishing (PG&F) operations in India following the completion of a sale by its parent company, 3M Company, USA, to Nimbus, a Europe-based private equity firm. The transaction, initially announced in September 2025, is expected to close on April 1, 2026.The PG&F business in India generated approximately INR 26 crore in sales during the fiscal year 2024-25 and is supported by two employees, operating as a trading operation.Following the closure of the global transaction, 3M India Limited will provide limited post-closing support for up to 12 months, with a possible extension of an...

Raghuvir Synthetics Ltd. Completes Sale of Subsidiary Stake Raghuvir Synthetics Limited announced the successful completion of the sale of its entire 51% shareholding in Dreamsoft Bedsheets Private Limited on March 30, 2026. This follows a board approval on March 27, 2026. As a result of the transaction, Dreamsoft Bedsheets Private Limited is no longer considered a subsidiary of Raghuvir Synthetics Limited.The consideration for the sale was Rs. 51,000. The buyers are Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal, who are also promoters of the company. The transactions were conducted at an arm's length basis.According to audited financial statements as of the last financial year, Dreamsoft Bedsheets Private Limited contributed...