MUFG Takes 20% Stake in Shriram Finance for ₹39,618 Crore in India’s Largest Cross-Border Financial Deal
MUFG Bank acquired a 20% equity stake in Shriram Finance Ltd for about ₹39,618 crore (≈ $4.8 billion), marking India’s largest cross‑border financial deal. The purchase of 471.1 million shares at ₹840.93 each bolsters Shriram’s capital base as it expands its retail and MSME lending portfolio. Shriram, the country’s second‑largest NBFC, manages over ₹2.91 trillion in assets (≈ $35.5 billion) across 3,225 branches serving 9.7 million customers. MUFG views the investment as a strategic foothold in India’s high‑growth lending market and a platform for global risk‑management practices.
Bank Nifty Surges After RBI Policy Decision: Why Did Bank Stocks Rally on Unchanged Repo Rate?
India's Nifty Bank index jumped more than 5% to 55,552 points after the Reserve Bank of India left the repo rate unchanged. The decision removed rate‑uncertainty, prompting heavyweights like Axis, HDFC and SBI to rise 3‑5% and smaller lenders such...
India Set to Get First Iranian Crude Oil Cargo in 7 Years
India will receive its first Iranian crude cargo in seven years after the United States temporarily lifted sanctions on Iranian oil. The shipment, aboard the Curacao‑flagged VLCC Jaya, was bought by state‑run Indian Oil Corp. and is bound for India's...
Gold Price Swings Spur Advance Buying; Tanishq Enters Gemstones to Boost Demand
Tanishq is accelerating advance jewellery purchases as volatile gold prices push consumers to buy early, especially ahead of Akshaya Tritiya and the upcoming festive season. The retailer unveiled the ‘Hues’ collection, adding over 200 natural‑gemstone designs, with 70% of items...
West Asia Crisis Hits Activated Carbon Exports as Costs Surge Amid Shipping Woes
The West Asia crisis has shut Red Sea shipping lanes, halting Indian activated carbon shipments to key gold‑mining markets such as Sudan and Egypt. Exporters now face a $3,000 war‑risk surcharge per 40‑ft container and an extra $1,800 cost to...
Broker’s Call: Orient Electric (Buy)
ICICI Securities reiterates a Buy rating on Orient Electric, setting a revised target price of ₹200 (≈ $2.40) versus the current market price of ₹161.15 (≈ $1.94). The broker projects revenue CAGR of 11.7% and PAT CAGR of 25.4% for FY25‑28, with...
Gold Rises over 1% to ₹1.51 Lakh/10g in Futures Trade
Gold futures on India’s Multi‑Commodity Exchange jumped more than 1% on Monday, reaching ₹1.51 lakh per 10 grams (about $1,820). The rise follows a recent decline, with prices now down roughly 12% from the February peak of ₹1.65 lakh ($2,000) amid escalating West...
SEBI Plans Joint Initiative to Strengthen Independent Directors
The Securities and Exchange Board of India (SEBI) announced a collaborative initiative to boost the pipeline and effectiveness of independent directors, partnering with corporates, academia, and professional bodies. Chairman Tuhin Kanta Pandey emphasized that the program will focus on continuous...
SP Group Gets Relief on $3.4 Billion Private Credit Debt
SP Group, a 160‑year‑old Indian construction conglomerate, secured relief on its $3.4 billion private‑credit facility by having lenders temporarily raise its loan‑to‑value covenant to 40% from 34% for four months. The loan, issued at a steep 19.75% yield, is backed by...
Broker’s Call: Emmvee Photovoltaic (Add)
Emmvee Photovoltaic is adding a 6 GW integrated cell‑and‑module plant, boosting its total capacity to 16.3 GW of modules and 8.9 GW of cells, making it India’s fourth‑largest solar manufacturer. Kotak Institutional Equities initiates coverage with an Add rating and a DCF‑derived fair...
Iran Tensions, Crude Oil Surge Keep Dalal Street on Edge
Rising crude‑oil prices and heightened Iran‑U.S. tensions pushed Indian equities lower on Monday. The BSE Sensex fell about 120 points (‑0.16%) to 73,199 and the NSE Nifty slipped 13 points (‑0.06%) to 22,700. Brent crude rose to $109.78 per barrel...
Hindustan Zinc Mined Metal Production up 2% in 2025-26; Silver Down 9%
Hindustan Zinc Ltd reported a 2 % rise in mined metal output for FY 2025‑26, reaching a record 1,114 kt, driven by higher ore tonnage and improved grades. Refined zinc production grew 3 % to 851 kt, while refined lead fell 13 % to 197 kt, pulling...
Basmati Exporters Seek Relief as Shipping Lines Levy Charges Amid Disruption Due to War
Indian basmati rice exporters, represented by the Basmati Rice Farmers and Exporters Development Forum, have asked the government to intervene as shipping lines levy detention, demurrage and war‑risk surcharges on containers stranded due to the West Asian conflict. The forum...
SEBI Readies Digital Platform to Expand Adviser Base
The Securities and Exchange Board of India (SEBI) is set to launch a digital platform called SEBI SETU this month, aiming to streamline registration and ongoing compliance for investment advisers (IAs). The move comes as India’s retail market boasts over 22 crore...
Punjab Carbonic IPO: Carbon Capture Firm Files DRHP with SEBI
Punjab Carbonic, a carbon capture and utilisation firm, filed a Draft Red Herring Prospectus with SEBI to launch an IPO. The offer comprises 95 lakh equity shares at ₹10 each (about $0.12 per share), raising roughly $1.1 million, split between 60 lakh fresh...
India Pushes PNG Expansion to 30 Lakh Connections Amid West Asia Crisis
India is accelerating its piped natural gas (PNG) rollout, targeting 30 lakh new connections across more than 150 high‑priority districts as West Asia tensions strain LPG supplies. The ministries of Petroleum & Natural Gas and Housing and Urban Affairs convened a...
SEBI Proposes Return of Open-Market Share Buybacks via Stock Exchanges
The Securities and Exchange Board of India (SEBI) has proposed reinstating open‑market share buybacks through stock exchanges, adding the method to the existing tender‑offer and book‑building routes. The proposal, open for comment until April 23, changes the tax treatment so that...
Stock Market Highlights 2 April 2026: Sensex Ends 185 Pts Higher at 73,319, Nifty Regains 22,700 After Strong Rupee Rally
India's benchmark indices rebounded on April 2, with the BSE Sensex climbing 185 points to 73,319.55 and the NSE Nifty crossing the 22,700 mark at 22,713.10. The rally was anchored by strong buying in IT and banking stocks and a...
Indian Govt Expects to Meet 39 Million Tonnes of Kharif 2026 Fertilizer Demand
The Indian government says fertilizer stocks have risen to over 18 million tonnes, up from 14.7 mt a year earlier, positioning the country to meet the 39 mt kharif 2026 demand. Gas supplies to urea plants have improved to roughly 80 percent of needs,...
Silver Jumps ₹7,000, Gold Rises ₹3,700 on Wedding Season Demand
Precious metals rallied in Delhi on March 30, with silver jumping ₹7,000 (≈ $74) to ₹2.37 lakh per kilogram and gold rising ₹3,700 (≈ $39) to ₹1.51 lakh per 10 grams. The surge, about 3 % for silver and 2.5 % for gold, was driven by jewellers stocking...
Broker’s Call: Coal India (Buy)
Geojit Retail Equity Research upgraded Coal India Ltd. (CIL) to a Buy, setting a new target price of ₹506 (≈ $6.10) from a current market price of ₹450.25 (≈ $5.42). The miner posted Q3 FY26 revenue of ₹34,924 crore (≈ $4.2 bn) and PAT of...
Broker’s Call: V-Mart Retail (Buy)
HDFC Securities maintains a BUY on V‑Mart Retail, setting a target price of ₹850 (≈ $10) while the stock trades around ₹475 (≈ $5.7). The broker projects a 15‑16% revenue CAGR for FY 26‑28, supported by Unlimited stores delivering 4‑5% pre‑INDAS EBIT‑DAM versus...
PropShare Celestia's ₹244-Cr IPO to Open on Apr 10
Property Share Investment Trust announced that its third SM REIT, PropShare Celestia, will launch an IPO of ₹244.65 crore (about $29.5 million) on April 10, pricing units between ₹10 lakh and ₹10.5 lakh ($12,000‑$12,650). The fresh‑issue proceeds will be used to acquire seven floors of...
Prithvi Exchange to Launch Forex Cards Under Own Brand Name
Prithvi Exchange, a Chennai‑based foreign‑exchange service, will launch its own branded forex cards in the first quarter of FY27, shifting from a reseller of bank cards to an issuer. The move gives the firm control over pricing and user experience,...
Broker’s Call: Dr Reddy’s Lab (Add)
Dr Reddy’s Lab launched India’s first DCGI‑approved semaglutide, branded Obeda, at a premium price of ₹4,200 per month (≈$51) compared with peer products around ₹1,300 (≈$16). The stock trades at ₹1,281.95 (≈$15.4) against a target of ₹1,315 (≈$15.8). The company leverages advanced...
ACME Solar Shares Rally 6% on Brokerage Optimism, Investec Sees over 18% Upside Potential
ACME Solar shares surged about 6% after brokerages initiated coverage with buy ratings. Investec set a target price of ₹319 (≈$3.8), implying roughly 18% upside from the closing price of ₹269.41 (≈$3.2). The firm’s focus on firm and dispatchable renewable...
Tata Motors Plunges to 52-Week Low as JLR’s Solihull Plant Halt Sparks Concern
Shares of Tata Motors fell 5.6% to a 52‑week low of ₹301.10 (about $3.67) after Jaguar Land Rover halted production at its Solihull plant because of a supplier parts issue expected to last until April 8. The stoppage affects high‑margin models such as...
As West Asia Makes up 1/5th of India’s Agricultural Exports, Govt Monitoring Closely, Says Jitin Prasada
India’s agricultural exports to West Asia, encompassing the GCC and neighboring countries, reached $10.68 billion in FY 2024‑25, representing 20.5% of total agri shipments. Processed‑food shipments to the Gulf grew 18% year‑on‑year, while exports to the EU rose 49.5% over the...
SEBI Confirms Interim Directions Against Par Drugs Chemicals over Slump Sale Plan
The Securities and Exchange Board of India (SEBI) has confirmed its interim order preventing Par Drugs and Chemicals Ltd from completing a slump sale of its core business. The transaction, valued at Rs 95 crore (approximately $11.5 million), was slated for a promoter‑related...
Barclays Sees 13–14 Million Bpd Oil Supply Loss From Prolonged Hormuz Disruption
Barclays estimates that a prolonged closure of the Strait of Hormuz would remove 13‑14 million barrels per day from global oil supply, representing roughly 13% of projected 2026 demand. The bank warns that if the disruption extends into late April, Brent...
Asian Stocks Mostly Fall, Oil Climbs Again over Iran War De-Escalation Uncertainties
Asian equity markets slipped on Thursday as uncertainty over a de‑escalation of the Iran war weighed on investor sentiment, with the Nikkei down 0.3%, the Kospi off 1.9% and the Hang Seng falling 1.4%. Oil prices rebounded, lifting Brent crude...
Stock Markets Shut Today for Local Holiday; Sensex, Nifty Settle Higher in Previous Session
Indian equity markets closed Thursday for the Ram Navami holiday, with trading set to resume on Friday. In the previous session, the Nifty surged 1.72% to 23,306.45 points and the Sensex climbed 1.63% to 75,273.45, marking a second straight day of...
Urban Company’s ‘Udaan’ Initiative Lifts Women Professionals’ Earnings by 14% Through 2-Wheeler Access
Urban Company’s Udaan programme equips women service professionals with two‑wheelers, delivering a 14% rise in net monthly earnings. The initiative, which includes riding training, licensing aid and financing, has reached roughly 1,800 women across Mumbai, Delhi NCR, Bengaluru and Hyderabad, with...
LG Electronics India Inks 25-Year Solar Deals to Power Two Manufacturing Plants
LG Electronics India has entered 25‑year solar power purchase agreements with Hinduja Renewables Energy and Sunsure Energy to supply its Pune and Greater Noida manufacturing plants. The contracts cover 9.80 MWp and 11 MWp, delivering roughly 32.1 million kWh annually—enough for about 50,000...
Gift Nifty Signals Strong Start as Trump’s Iran Talks Boost Global Sentiment
Indian markets kicked off strong on Wednesday as the Gift Nifty rose to 23,170, roughly 100 points higher at the open. The rally was spurred by President Donald Trump’s remarks suggesting imminent US‑Iran negotiations, which buoyed global risk appetite. Crude...
SEBI Cuts Minimum Investment in Social Impact Funds to ₹1,000 to Boost Retail Participation
India’s Securities and Exchange Board (SEBI) has slashed the minimum investment for Social Impact Funds (SIFs) from ₹2 lakh (about $2,400) to just ₹1,000 (roughly $12). The move aligns SIF entry requirements with Zero Coupon Zero Principal instruments traded on the...
SEBI Removes Automatic Disqualification Triggers in Revised ‘Fit and Proper’ Norms
SEBI has overhauled its "fit and proper" framework for market intermediaries, removing automatic disqualification for pending criminal complaints, FIRs, chargesheets and winding‑up initiations, while expanding disqualification to include convictions for economic offences and securities‑law violations. The new regime adopts principle‑based...
SEBI Eases Norms for InvITs, REITs to Boost Operational Flexibility
SEBI has amended regulations for Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to increase operational flexibility. The changes let InvITs retain stakes in special purpose vehicles after project completion, provided they exit or acquire new assets within...
Deep-Tech Player Pranos Fusion Raises $6.8 Million in Round Co-Led by Pi Ventures, Ankur Capital
Pranos Fusion, an Indian deep‑tech startup focused on fusion energy, secured $6.8 million (≈$7.6 million) in an early‑stage round co‑led by pi Ventures and Ankur Capital, with participation from Industrial47 and several high‑profile angels. The capital will fund the commissioning of a tokamak...
Broker’s Call: 3M India (Add)
3M India’s EBITDA margin reached 19.7% in the first nine months of FY26, the strongest since FY13. The firm has passed on commodity inflation and a weakening rupee to customers, but a negative 0.37 correlation between INR depreciation and margins...
Trenzet Infra Files Papers with SEBI to Raise Funds via IPO
Trenzet Infra Ltd, a railway‑focused EPC contractor, has filed a draft red‑herring prospectus with SEBI to launch an IPO comprising a fresh issue of 1.05 crore shares and an offer‑for‑sale of 18 lakh promoter shares. The proceeds are earmarked for working‑capital needs,...
India Hits 1 Billion Tonne Coal Output Again, Boosts Energy Security
India’s coal ministry announced that the country produced a second consecutive 1 billion‑tonne haul of coal on March 20, 2026, marking a repeat of the 2025 milestone. The surge in output has helped thermal power plants maintain record coal inventories, cushioning the grid...
EU Member States Urged to Lower Gas-Storage Targets Due to Iran War
The European Commission has asked EU member states to cut their natural‑gas storage target to 80% of capacity, ten points below the official goal, and to begin refilling reserves gradually. The request follows a sharp 35% surge in European gas...
FPIs Pull Out ₹35,475 Cr This Week From Indian Markets, March Outflows Hit ₹88,180 Cr
Foreign portfolio investors withdrew ₹35,475 crore from Indian equities this week, taking March’s cumulative outflow to ₹88,180 crore – the highest monthly net withdrawal recorded in 2026. The sell‑off accelerated after a Monday outflow of ₹10,827 crore and ended with a Friday dump...
Iran Ready to Let Japanese Vessels Transit Hormuz, Kyodo Reports
Iran has signaled willingness to permit Japanese‑flagged vessels to transit the Strait of Hormuz, a key conduit for global oil shipments. The offer follows phone talks between Iranian Foreign Minister Abbas Araqchi and Japanese officials amid heightened tensions from the...
14 Stocks Including SBI, 4 Tata Group Companies, NTPC, IREDA, JSW Cement, Vibhor Steel on Friday
State Bank of India’s subsidiary SBI Funds Management filed a draft red‑herring prospectus for an IPO of up to 203.7 million shares, representing roughly 10 % of its equity, with both SBI and Amundi offering shares for sale. Tata Group announced multiple...
SBI Mutual Fund Files DRHP for ₹13,000 Crore IPO
SBI Mutual Fund, India’s largest asset‑management house, has filed a Draft Red Herring Prospectus to raise roughly ₹13,000 crore through an initial public offering. The IPO will see State Bank of India and Amundi off‑load a combined 203.7 million shares, reducing their...
RBI Fixes Redemption Price of ₹15,814 for SGB
India’s central bank, the RBI, announced a premature redemption price of ₹15,814 per unit for the 2019‑20 Series IV Sovereign Gold Bonds, payable on March 17. The price, derived from the three‑day average of gold’s closing rates, translates to a more than...
Sai Parenteral’s IPO to Open on March 24; to Raise ₹285 Crore via Fresh Issue
Indian pharmaceutical manufacturer Sai Parenteral announced its initial public offering, set to open on March 24, 2026. The IPO comprises a fresh issue of up to ₹285 crore and an offer‑for‑sale of roughly 3.16 million equity shares, with a price band of...
CEAT’s ₹1,300-Cr Chennai Plant Expansion Takes Cumulative Investment to ₹4,800 Crore
CEAT Ltd is injecting an additional ₹1,300 crore into its Chennai tyre plant, lifting total outlay to ₹4,800 crore and surpassing its original ₹4,000 crore pledge. The expansion will boost passenger‑car radial (PCR) output by roughly 35 lakh tyres a year, taking capacity to...