Markets

GTPL Hathway Receives GST Order, Plans Appeal GTPL Hathway Limited has received an order from the Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate, alleging wrongful availment of input tax credit and short payment of Goods and Services Tax (GST). The order, dated March 23, 2026, stipulates a demand for a differential tax amount of Rs. 11.13 crore, alongside applicable interest and a penalty under the Central Goods and Services Tax Act, 2017, the Tamil Nadu Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017.The company received the order on March 25, 2026. GTPL Hathway intends to file an appeal against the order.The financial impact of the order is...

Choksi Laboratories Ltd. Schedules Postal Ballot Voting Choksi Laboratories Ltd. announced on March 26, 2026, that it is seeking approval from its members through a postal ballot via electronic voting. The voting process is in respect of a special business item outlined in the postal ballot notice dated February 7, 2026.The notice was sent to members via email, as many have registered their email addresses with the Registrar and Transfer Agent or respective Depository Participants.Key Dates and Timelines:S. No.ParticularsDetails1Cut-off Date to record the entitlement of shareholders to cast their vote electronicallyFriday, March 20, 20262Date and time of commencement of voting though electronic meansSaturday, March 28...

CCL International Ltd. Board Approves Share Buyback Offers CCL International Ltd. announced that its Board of Directors approved offers for the buyback of equity shares from three entities at a meeting held on March 26, 2026. The offers accepted were from M/s Anamica Portfolio Private Limited, M/s Anamica Financial Services Private Limited, and M/s Saffron Holdings Private Limited, all dated March 24, 2026.The Board meeting commenced at 11:00 A.M. and concluded at 11:30 A.M. Further details are available on the company website, www.cclil.com, and the Bombay Stock Exchange (BSE) website, www.bseindia.com.Source:

Gamco Ltd. Sells Wholly-Owned Subsidiary to Blackstone-Backed Entity Gamco Ltd., formerly known as Visco Trade Associates Limited, announced on March 26, 2026, that its Finance Committee has approved the sale of its entire equity stake in its wholly-owned subsidiary, Visco Advisory Private Limited (VAPL), to BREP Asia III India Holding Co II Pte. Ltd. BREP Asia III India Holding Co II Pte. Ltd. is an entity owned by funds managed and/or advised by affiliates of Blackstone Inc.The transaction, executed on March 26, 2026, is subject to customary conditions precedent and is expected to be completed on or before May 31, 2026. Upon completion, VAPL will cease to be a wholly-owned subsidiary of Gamco Ltd. The consideration for the...

Precision Camshafts Limited Reports Partial Operational Disruption at Solapur Plant Precision Camshafts Limited announced on March 26, 2026, that its Solapur plant has experienced a partial disruption of operations due to a supply issue of Liquefied Petroleum Gas (LPG). The disruption is attributed to interruptions in global energy supply chains stemming from the Middle East conflict.The company is actively working to secure LPG supplies from available sources to prevent a complete production shutdown. However, the scarcity of LPG in the market has created a highly critical and unpredictable situation.Precision Camshafts Limited will provide further updates to the stock exchanges as the situation evolves.Source:

NTPC Limited Upgraded to BB by MSCI ESG Ratings NTPC Limited announced an upgrade of its Environmental, Social, and Governance (ESG) rating from B to BB by MSCI ESG Ratings, effective March 23, 2026. The upgrade signifies a strengthened commitment and enhanced performance in sustainability, governance, and climate responsibility.According to MSCI ESG Ratings, the improved rating underscores NTPC’s ongoing transition towards a cleaner energy portfolio and a stronger ESG framework embedded within the company's management and Board levels. The assessment was based on publicly available data and was conducted independently by MSCI ESG Ratings, without direct engagement from NTPC. This marks the second ESG rating upgrade for NTPC within...

Allied Digital Services Ltd. Converts Loan to Equity in Subsidiary Allied Digital Services Ltd. announced on March 26, 2026, that its wholly owned overseas subsidiary, Allied Digital Inc., has converted a loan into equity. The conversion, finalized on March 25, 2026, involved the issuance of 6,868 equity shares to the parent company at a price of USD 1,877.99 per share, with a face value of USD 10, resulting in a total consideration of USD 12.89 million.The transaction was executed via a Loan Conversion Agreement and represents a squaring off of the entire outstanding loan extended by Allied Digital Services Ltd. to Allied Digital Inc. Allied Digital Inc. is engaged in making investments in other corporates or entities. Currently...

RateGain Partners with Cashfree Payments to Enable Local Payment Acceptance for Global Travel Brands India, March 26, 2026 – RateGain Travel Technologies Limited (NSE: RATEGAIN), a global leader in AI-powered SaaS solutions for the travel and hospitality industry, announced a strategic partnership with Cashfree Payments, a leading payments platform, as a Platinum Partner for RG Pay.The collaboration will integrate Cashfree Payments’ domestic and cross-border payment capabilities into RG Pay, RateGain’s unified technology infrastructure for the global travel and hospitality ecosystem. This will enable Indian customers to seamlessly pay international travel merchants across 176 countries using local payment methods like UPI and RuPay...

We Win Ltd. Receives Work Order for CM Helpline System in Chhattisgarh We Win Ltd. announced today, March 26, 2026, that it has received a work order from the Department of Good Governance & Convergence, Government of Chhattisgarh, for the implementation of a CM Helpline & Complaint Management System.The work order is for selection of a bidder and encompasses a domestic entity. The total value of the project, exclusive of Goods and Services Tax (GST), is valued at Rs. 19,44,00,000 for a period of four years. The work order is valid for four years and may be extended based on satisfactory performance and mutual agreement between the parties.According to the announcement, neither the company’s promoters, promoter group, nor group...

India Ratings Affirms Trident's Proposed NCDs at 'IND AA'; Outlook Stable India Ratings and Research (Ind-Ra) has affirmed Trident Limited's proposed non-convertible debentures (NCDs) rating as 'IND AA' with a 'Stable' outlook. The proposed NCDs have a size of INR 1,250 million and mature at an undisclosed date.Details of InstrumentsInstrument TypeDate of IssuanceCoupon RateMaturity DateSize of Issue (million)Rating assigned along with Outlook/WatchRating ActionProposed non-convertible debentures*---INR1,250IND AA/StableAffirmedInd-Ra has changed its rating approach to a fully consolidated view of Trident and its subsidiaries and associate company.The affirmation reflects Trident's healthy consolidated business profile...

Indobell Insulations Ltd. Secures Export Order Worth $185,100 Indobell Insulations Limited has secured an export order for Steam Turbine Insulation - Blanket Therm valued at 185,100 US dollars. The order was awarded by GE VERNOVA PARTS &PRODUCTS GmbH - BADEN, SWITZERLAND.According to details released, payment is due within 150 days of the invoice date, with the Incoterm being FCA Supplier Factory. The order is expected to be executed by September 2026.The company confirmed that neither the promoter group nor any group companies have an interest in GE VERNOVA PARTS &PRODUCTS GmbH - BADEN, SWITZERLAND, and the transaction is not considered a related party transaction.Sr. No.ParticularsDetails1)Name of the entity awarding the...

IndusInd Bank Launches Capital Gains Account Scheme Mumbai, March 26, 2026: IndusInd Bank today announced the launch of a Capital Gains Account Scheme (CGAS), enabling customers to park long-term capital gains until reinvestment and avail tax exemptions under the Income-tax Act of 1961. The scheme allows customers to hold unutilized capital gains and make informed reinvestment decisions within statutory timelines.The launch follows authorization from the Central Board of Direct Taxes (CBDT) permitting IndusInd Bank to accept deposits under the Capital Gains Account Scheme, 1988.Under the scheme, the bank will accept deposits of unutilized proceeds from the sale of eligible capital assets, including residential properties, flats...

Happiest Minds Technologies Partners with UnifyApps to Accelerate Enterprise AI Adoption Bengaluru, Seattle, and London, March 26, 2026 — Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), an AI First digital engineering company, announced a strategic partnership with UnifyApps, the AI Agent and App Builder Platform for the Enterprise.The collaboration will leverage UnifyApps' AI OS architecture and horizontal platform to help enterprises transition into AI-Native organizations. This will enable clients to unify enterprise knowledge, actionability, and governance, facilitating the scaling of Generative AI initiatives.Happiest Minds' capabilities in Generative AI, digital engineering, cloud, data, and enterprise modernization...

Brigade Enterprises Launches Brigade Lumina in Bengaluru with ₹700 Crores Revenue Potential Bengaluru, March 26, 2026—Brigade Group has launched Brigade Lumina, a net-zero carbon residential development spanning 4.11 acres in Northwest Bengaluru on Tumkur Main Road. The joint development project is projected to generate a revenue potential of over ₹700 crores and will offer two and three-bedroom units ranging from approximately 1100 to 1800 square feet.Each unit will feature large decks and ample natural light. Located on Tumkur Main Road, the project is a five-minute walk from the Manjunathanagara Metro Station on Namma Metro's Green Line, providing connectivity to major office hubs, schools, and healthcare facilities.According to...

Bajaj Electricals Limited Updates on GST Appeal Order Bajaj Electricals Limited announced receipt of an Appeal Order related to a Goods and Services Tax (GST) assessment, the company said in a release on March 26, 2026.The Appeal Order, dated March 13, 2026, was issued by the Office of the Commissioner, Appeals-I, CGST & CX, Mumbai, following an assessment order received previously and an appeal filed by the company. The assessment order stemmed from a GST input mismatch, initially involving an alleged gross demand of Rs. 11.51 lakh including a general penalty of Rs. 1.68 lakh.The appellate authority partially accepted the company's submissions in the Appeal Order, resulting in a gross demand of Rs. 4.60 lakh, including a general...

OBSC Perfection Limited Receives Order Worth INR 7.8 Crores from Indian Defense Manufacturer OBSC Perfection Limited announced that it has received a purchase order from an Indian defense manufacturer. The order, valued at INR 7.8 crores, is for the manufacturing and supply of machined parts for defense equipment. The supply is expected to be completed over the next five months.The company confirmed that the order originates from a domestic entity and does not involve any related party transactions. Promoters and the promoter group have no interest in the entity that awarded the order.Order Details Here's a summary of the order details:ParticularsDetailsOrder Awarding EntityIndia-based Defence ManufacturerOrder...

Maharashtra Scooters Limited Acquires Shares in Bajaj Finance and Bajaj Auto Maharashtra Scooters Limited announced share acquisitions in Bajaj Finance Limited and Bajaj Auto Limited on March 25, 2026.According to a filing, Maharashtra Scooters Limited acquired 0.0039% shares in Bajaj Finance Limited for Rs. 21.58 crore, bringing the cumulative acquisition up to Rs. 71.65 crore, representing 3.0533% ownership. The company also acquired 0.0125% shares in Bajaj Auto Limited for Rs. 31.87 crore, with a cumulative acquisition total of Rs. 112.46 crore, representing 2.4738% ownership.The acquisitions were made through the secondary market as part of the company's business activities as an unregistered core investment company. No...

Federal Bank Allots Equity Shares Under Employee Stock Option Schemes Federal Bank Limited announced the allotment of equity shares following the exercise of stock options under its employee stock option schemes. The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee.On March 25, 2026, the bank allotted 1,500 equity shares with a face value of Rs. 2 each to option grantees under the ESOS 2010 Scheme. Additionally, 24,410 equity shares, also with a face value of Rs. 2 each, were allotted to option grantees under the ESOS 2017 Scheme, on the same date.The scrip symbol for Federal Bank is FEDERALBNK and the scrip code is 500469.Source:

Billionbrains Garage Ventures Ltd. Receives CCI Approval for Investment in Groww AMC Billionbrains Garage Ventures Ltd. announced that the Competition Commission of India (CCI) has approved the proposed transaction involving Groww Asset Management Limited (Groww AMC) and State Street Global Advisors, Inc. The approval is related to a share subscription and share purchase agreement. The CCI’s order pertains to registration number C-2026/02/1385.The transaction, previously approved by the Board on January 14, 2026, involves Billionbrains Garage Ventures Ltd., Groww AMC, and State Street Global Advisors, Inc. The company awaits the CCI order. Information regarding the approval is available on the company’s website at www.groww.in.Source:

Ritco Logistics Limited’s Independent Directors Review Performance Ritco Logistics Limited announced the conclusion of a meeting of its Independent Directors on Thursday, March 26, 2026. The meeting, which began at 10:00 a.m. and concluded at 10:30 a.m., focused on assessing various aspects of the company’s leadership and governance.During the meeting, the Independent Directors reviewed the performance of non-independent directors and the board of directors as a whole. They also assessed the performance of the chairperson, considering perspectives from executive and non-executive directors. A key area of focus was the evaluation of the quality, quantity, and timeliness of information provided to the board, ensuring its effectiveness...