Markets

Adani Green Energy Operationalizes 951 MW of Power Projects Adani Green Energy Limited (AGEL) announced the commercial operation of 951 MW of power projects located in Rajasthan and Gujarat. The projects, situated at Baiya, Rajasthan (251 MW) and Khavda, Gujarat (700 MW), were operationalized on March 30, 2026, following a decision made on March 29, 2026.The operationalization of these projects increases AGEL’s total operational renewable generation capacity to 18,933.3 MW. These projects were executed through various stepdown subsidiaries, detailed in Annexure A.Project Details:The projects include solar and hybrid initiatives undertaken by several Special Purpose Vehicles (SPVs).Name of SPVsType of ProjectCapacity (MW)...

JSW Steel and JFE Steel Complete First Tranche of Joint Venture Investment JSW Steel Limited announced a significant investment from JFE Steel Corporation on March 30, 2026, furthering the 50:50 joint venture established for the steel business of Bhushan Power and Steel Limited. JFE Steel has invested Rs. 7,875 crores as the initial portion of its investment in JSW Kalinga Steel Limited (JSW Kalinga).As a result of this investment, JFE Steel has been allotted 22,694,524 equity shares in JSW Kalinga, securing a 25% shareholding on a fully diluted basis. This development follows prior communications on December 3, 2025, and March 27, 2026.The joint venture agreement, dated December 3, 2025, stipulates the acquisition of an additional...

Welspun Corp Limited Receives Rs 1,000 Crore Pipe Supply Order from US Facility Welspun Corp Limited announced the receipt of a significant order from its US facility, valued at approximately Rs 1,000 crore, for the supply of pipes. This latest order, combined with those secured since January 30, 2026, elevates the company’s consolidated global order book to Rs 24,700 crore, equivalent to roughly US$ 2.6 billion.The order book, representing substantial business visibility and continuity, will be executed over the fiscal years 2026, 2027, and 2028.Source:

IIFL Finance Ltd. Concludes Special Audit IIFL Finance Ltd. announced the conclusion of a special audit directed by the Income Tax Department. The audit, initiated under Section 142(2A) of the Income Tax Act, 1961, was completed and the report has been submitted to the Income Tax Department.The company is cooperating with authorities and working towards the completion of ongoing block assessment proceedings. IIFL Finance Ltd. will provide updates to stock exchanges regarding any further material developments.Source:

Gold, Silver Rates Today: Prices Fall Over 1% as Fed Rate Cut Hopes Fade Amid Rising Inflation Concerns Precious Metals Decline as Market Sentiment Weakens Gold and silver prices traded lower on Monday, March 30, 2026, as inflation concerns intensified due to rising energy prices linked to the ongoing US-Iran conflict. The shift in macroeconomic sentiment reduced expectations of interest rate cuts by the US Federal Reserve, weighing on bullion markets.Spot gold fell 1.2% to $4,439.45 per ounce, while US gold futures for April delivery declined by the same margin to $4,470.30. Silver prices also mirrored the trend, with spot silver dropping 1.2% to $68.67 per ounce.Gold Marks Steepest Monthly Decline Since 2008 Gold has recorded a...

Voltas Limited Faces Customs Order, Maintains No Material Impact Voltas Limited announced that it received an order from the Office of the Commissioner of Customs on March 27, 2026, demanding payment of differential customs duty and a penalty. The order, dated March 20, 2026, pertains to the period from June 14, 2019, to July 21, 2022, and alleges mis-classification of imported goods.The company faces a customs duty demand of ₹ 10.76 crores, along with applicable interest, and a penalty of ₹ 12.76 crores, totaling ₹ 23.52 crores. Voltas is currently analyzing the order and intends to file an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).According to the company, this order will not have a material...

Asian Markets Tumble as US-Iran Conflict Enters Fifth Week, Nikkei and Kospi Lead Losses Broad Sell-Off Across Asia Amid Escalating Geopolitical Tensions Asian markets today witnessed a sharp decline on Monday, March 30, as the ongoing US-Iran conflict entered its fifth week, intensifying investor concerns despite continued diplomatic efforts.South Korea’s Kospi plunged more than 5%, emerging as one of the worst-hit indices in the region. The small-cap Kosdaq also fell 3.97%, reflecting widespread selling pressure.Japan’s Nikkei 225 dropped 3.97%, while the broader Topix index slipped 3.9%. During their March meeting, policymakers at the Bank of Japan discussed the need for further rate hikes, as rising oil prices linked to the...

Indian Markets Set for Lower Start Amid Global Sell-Off The Indian stock market is poised for a weak opening on Monday, with benchmark indices Nifty 50 and Sensex expected to extend recent losses. The negative sentiment follows a sharp downturn in global markets as the ongoing US-Iran war enters its fifth week, intensifying concerns around rising crude oil prices and inflation.Early indicators from Gift Nifty suggest a gap-down start for domestic equities. Gift Nifty was trading near the 22,560 level, reflecting a discount of approximately 257 points compared to the previous close of Nifty futures.Global Cues Weigh on Sentiment Market sentiment remains fragile across global equities. Asian markets traded sharply lower in early...

Foreign Investors Pull Record $12 Billion From Indian Stocks in March Amid War Concerns Historic Outflows Signal Weakening Sentiment Toward Indian Equities Foreign investors are exiting Indian equities at an unprecedented pace in March, with net outflows nearing $12 billion, marking what is set to be the steepest monthly withdrawal on record.According to Bloomberg-compiled data, overseas investors have sold a net $11.7 billion worth of Indian shares through March 25. This has pushed total foreign outflows for 2026 beyond $13 billion, approaching levels seen during the previous year.The sharp pullback reflects a broader global shift away from riskier assets, intensified by rising geopolitical tensions and surging energy prices...

Jonjua Overseas Limited Files Copyright Application with US Copyright Office Mohali, March 30, 2026 – Jonjua Overseas Limited announced it has applied for copyright registration with the U.S. Copyright Office for its work, "Business Plan Jonjua Air (Africa)." The application, dated March 28, 2026, carries Case Number 115130038421.The work, which previously received copyright registration in India (Registration Number L-125817/2023 dated June 14, 2023), was first published in India in 2021 and outlines the creation of an airline in Africa. Jonjua Overseas Limited owns the copyright for the work.According to the company, the U.S. copyright registration is expected to strengthen its legal standing in the North American market and...

Palash Securities Limited Announces Departure of Managing Director Palash Securities Limited announced that Chand Bihari Patodia has stepped down from his role as Managing Director and Key Managerial Personnel, effective March 29, 2026. Patodia’s tenure, which began on March 30, 2023, lasted for three years.The company confirmed the change, noting the completion of Patodia’s term.ParticularsDetailsReason for ChangeCompletion of three-year tenureDate of CessationMarch 29, 2026Source:

TAC InfoSec Delivers on Shareholder Commitment, Surpasses 10,000 Clients, and Emerges Among the Top 5 Vulnerability Management Companies Globally TAC Security, a global leader in cybersecurity, today announced that it has surpassed 10,000 clients since April 2024, successfully delivering on its stated commitment to shareholders to achieve this milestone by 2026.The milestone includes 6,500+ clients added through TAC Security and 3,500+ through Cyberscope, reflecting the Group's strong execution, global trust, and ability to scale. TAC Security believes this signifies the creation of a powerful global cybersecurity distribution platform.TAC Security is trusted by the world's most respected brands, including Apple, Microsoft, Google...

MCX Subsidiary Receives Income Tax Demand Notice Multi Commodity Exchange of India Ltd (MCX) announced that its wholly owned subsidiary, Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), has received a Notice of Demand from the Income Tax Department. The notice, dated March 28, 2026, pertains to an Assessment Order for Assessment Year 2024-25.The demand notice, received on March 28, 2026, totals Rs. 9,97,13,980. The demand arises from a disallowance of contributions made by MCXCCL to its Core Settlement Guarantee Fund.According to details released by the company, MCXCCL is preparing to file an appeal against the order. The company stated there is no anticipated impact on the operations or other activities of MCX or its...

ONGC Achieves Milestone in Daman Upside Development Project with Gas Monetisation Oil & Natural Gas Corporation Limited (ONGC) announced a significant milestone in the Daman Upside Development Project (DUDP) on March 29, 2026, with the commencement of gas monetisation through flowing gas from Platform B-12-24P. The DUDP, located in the western offshore approximately 180 kilometers northwest of Mumbai and 80 kilometers south of Pipavav, Gujarat, represents a capital expenditure of approximately USD 1 billion.The platform has been successfully commissioned and gas is now being delivered to the Hazira Plant. The project was completed in under two years from the date of award, attributed to strong project execution, innovative use of the...

Accuracy Shipping Limited Acquires Shares in A.R.S. Liners and A.R.S. Terminals Accuracy Shipping Limited announced on March 29, 2026, that its Board of Directors approved the acquisition of shares in A.R.S. Liners (India) Private Limited (A.R.S. Liners) and A.R.S. Terminals (India) Private Limited (A.R.S. Terminals).Accuracy Shipping Limited will subscribe to 6,78,125 equity shares of A.R.S. Liners with a face value of Rs. 10 each at a premium of Rs. 86, for a total consideration of Rs. 6,51,00,000. For A.R.S. Terminals, the company will subscribe to 49,90,000 equity shares with a face value of Rs. 10 each at par, for a total consideration of Rs. 4,99,00,000.Upon completion of the transaction, both A.R.S. Terminals and A.R.S...

ICICI Lombard General Insurance Receives Stay Order on GST Demand from Bombay High Court ICICI Lombard General Insurance Company Limited announced on March 29, 2026, that it has received an order from the Hon'ble Bombay High Court granting a stay on a previous GST demand. The original demand, issued by the Additional Commissioner of CGST & Central Excise, Palghar Commissionerate, totaled ₹ 31,18,41,716, encompassing a GST demand, interest, and penalty for the period July 2017 to March 2024. The demand relates to the applicability of GST on Group Health Insurance and Group Personal Accident policies to units within Special Economic Zones.The company had previously filed a writ petition against the original order. The Bombay High...

Signatureglobal (India) Limited Acquires Residential Project, Revises RMZ Investment Signatureglobal (India) Limited announced on March 29, 2026, that its Board of Directors approved the acquisition of a residential project from Gurugram Commercity Limited (GCL), a wholly-owned subsidiary, for a lump-sum consideration of Rs. 50,00,00,000 (Rupees Fifty Crores only).The transaction will be executed through a Business Transfer Agreement and other related agreements. As a result of the acquisition, GCL will cease to be a wholly-owned subsidiary of Signatureglobal (India) Limited.Concurrently, the company approved the transfer and sale of 35,69,731 equity shares of face value Rs. 10 each held by Signatureglobal (India) Limited (including...

Texmaco Rail & Engineering Receives Rs. 22.91 Crore Order from North Central Railway Kolkata – Texmaco Rail & Engineering Ltd., an Adventz Group company, announced it has received a new order valued at Rs. 22.91 Crore (excluding taxes) from North Central Railway. The order involves reliability improvements to track circuits through the provision of MSDAC in parallel with existing DCTC and associated work at 14 stations within the Prayagraj Division.The project, categorized as a domestic order, is expected to be completed within 180 days. Texmaco Rail & Engineering confirmed that neither the company nor its promoters, promoter group, or group companies have any interest in North Central Railway. The order does not constitute a related...

Acme Solar Holdings Announces Phase III Commissioning of Rajasthan BESS Project Acme Solar Holdings Limited announced the commissioning of the third phase of its Battery Energy Storage System (BESS) project located in Jaimalsar, Bikaner, Rajasthan. The project, undertaken by the company’s wholly-owned subsidiary, ACME Surya Power Private Limited, adds 11.429 MW / 51.354 MWh of capacity.The commercial operation date for the third phase is scheduled for March 31, 2026. This latest milestone brings the total commissioned capacity of the project to 107.143 MW / 481.440 MWh, representing a significant portion of the overall 250 MW / 1103.392 MWh BESS project. This project contributes to ACME Solar’s broader strategy of expanding its energy...

P N Gadgil Jewellers Opens Two New Stores, Reaching 78 Locations P N Gadgil Jewellers Limited announced the opening of two new retail locations on March 29, 2026.The first store opened at R Square Runwal, LBS Road, Mulund, Mumbai, Maharashtra, at approximately 12:30 P.M. A second store followed at Livin Solitaire, Canada Corner, Nashik, Maharashtra, opening around 5:00 P.M.With these additions, P N Gadgil Jewellers now operates a total of 78 stores.Source: