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 the Grade A+ mixed‑use Venus Stratum building in Nehru Nagar, Ahmedabad. The underlying asset, Project Celestia, spans 207,838 sq ft, is fully occupied and hosts four primary tenants, including listed coworking operators Smartworks and EFC Ltd and a Swedish telecom giant. Ambit is lead manager, KFin Technologies registrar, and the units will list on BSE.
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...
Nifty Holds Above 23,500 as Bargain Hunters Return; 440 Stocks Hit 52-Week Lows
India's Nifty 50 closed at 23,581.15, up 0.74%, keeping the index above the 23,500 threshold for a second straight session. While the rally was powered by short‑covering and a sharp 8.39% fall in the India VIX, market breadth stayed fragile,...
Broker’s Call: Patanjali Foods (Buy)
Patanjali Foods (PFL) maintains a BUY rating with a target price of ₹660, up from its current ₹486.95. Management says West Asia conflict hasn't affected spot edible‑oil prices, though Chicago futures are rising alongside crude oil. The company leverages pricing...
Rupee Falls 12 Paise to Settle at Record Low of 92.40 Against US Dollar
The Indian rupee slipped to a provisional all‑time low of 92.40 per U.S. dollar, down 12 paise, as rising Brent crude prices and sustained foreign institutional investor outflows weighed on the currency. The decline was amplified by geopolitical tension in West...
Speciality Medicines to Raise ₹29 Crore via IPO on BSE SME
Speciality Medicines announced an IPO on the BSE SME platform to raise ₹29 crore by issuing 23.5 lakh equity shares priced between ₹117 and ₹124 per share, opening on March 20. The proceeds will fund a new research and development centre, international product...
Partial Flight Resumptions Restore some Gold Flows From Key Hub Dubai
The resumption of limited flights from Dubai has allowed a partial restart of physical gold shipments that were halted after the US‑Israeli war on Iran began on Feb. 28. Flight traffic is now about 37% of normal levels, easing some supply...
Coal India's Arm CMPDIL to Float IPO on March 20
Coal Central Mine Planning and Design Institute (CMPDIL), a subsidiary of state‑owned Coal India, will launch its initial public offering on March 20, with the issue closing on March 24. The IPO consists of an offer‑for‑sale of 10.71 crore shares by Coal India...
Cut in Gas Supply Puts Many Steel Companies in the Dock
Ongoing industrial gas shortages in India have compelled many steel producers to slash output or shift to higher‑value products to offset rising costs. The sharp depreciation of the rupee has further inflated coking‑coal import prices, while higher shipping and insurance...
Brent Crude Gains Despite US Issuing a 30-Day Licence for Russian Oil Purchases
Brent crude futures edged higher to $100.64 a barrel on Friday, even as the U.S. Treasury issued a 30‑day licence permitting the sale of Russian oil already stranded at sea. The temporary measure is framed as a market‑stabilising tool that...
KIMS Hospitals to Raise ₹1,500 Cr Through QIP
Krishna Institute of Medical Sciences (KIMS) Hospitals received board approval to raise up to ₹1,500 crore through a Qualified Institutional Placement (QIP). The capital may be issued in one or more tranches, with the Finance and Investment Committee setting the final...
Valuation Discipline Key as AIF-Backed Firms Head for IPOs: SEBI Chief
SEBI chairman Tuhin Kanta Pandey warned that alternative investment funds must tighten valuation practices as a wave of AIF‑backed companies prepares for IPOs. He highlighted that weak or opaque pricing could distort price discovery and erode investor confidence when firms...
PGIM India MF Allows only SIP in 3 Overseas Funds
PGIM India Mutual Fund has temporarily restricted investments in three of its overseas‑focused schemes to existing systematic investment plans (SIPs) only, halting both lump‑sum contributions and new SIP registrations. The affected vehicles are the Global Equity Opportunities Fund of Fund,...
Jindal Steel Emerges Preferred Bidder for Odisha’s Thakurani-A1 Iron Ore Block
Jindal Steel has been declared the preferred bidder for Odisha’s 202‑hectare Thakurani‑A1 iron‑ore block, securing the asset at a 101.20% premium. The block, part of a December 2025 auction of 12 virgin mineral blocks, contains roughly 50 million tonnes of iron‑ore resources....
Fuel Prices Today: Check Petrol, Diesel Rates City-Wise
Crude‑oil futures plunged on March 10 after U.S. President Donald Trump signalled an end to the West Asia conflict, sending Brent down 5.15% to $93.86 and WTI 5.24% to $89.80 per barrel. Despite the sharp global sell‑off, retail fuel prices across...
Petronet LNG, GAIL, Indraprastha, MGL, ATGL Gain up to 6% as Trump’s Iran War Remarks Lift Market Sentiment
Shares of Indian gas distributors surged after President Donald Trump suggested the Iran war could end soon, easing fears of prolonged Strait of Hormuz disruptions. Petronet LNG jumped nearly 5% to ₹292.30, GAIL rose 2% to ₹152.50, and Indraprastha Gas...
Rupee Rebounds From All-Time Low, up 7 Paise to 92.14 Against US Dollar in Early Trade
The Indian rupee rebounded from its all‑time low, trading at 92.14 per U.S. dollar after a 7‑paise gain in early trade. The rally was sparked by a sharp drop in global oil prices following President Donald Trump’s comments that the...
India Says No to IEA’s Call to Release Strategic Oil Reserves
India has declined the International Energy Agency’s invitation to tap its strategic oil reserves as a measure to curb soaring crude prices. The country holds about 5.33 million tonnes of underground reserves, roughly 80% of capacity, and reserves them for supply‑disruption...
Raymond Realty Adds Kandivali Project Worth ₹3,000 Crore, 7th JDA in Mumbai
Raymond Realty Limited announced its seventh joint‑development agreement in Mumbai, a residential redevelopment in Kandivali valued at roughly ₹3,000 crore. The project brings the company's total gross development value to about ₹43,000 crore and marks its third venture in the city's Western...
Broker’s Call: Hyundai Motor India (Reduce)
Hyundai Motor India posted an 8% YoY rise in Q3FY26 EBITDA to ₹2,020 crore, but the figure fell 17% quarter‑on‑quarter, missing both the broker’s and Bloomberg forecasts. Management highlighted GST‑driven demand and a dealer inventory below four weeks, projecting 5‑6% domestic...
From Labs to Listings: IIT Start-Ups Ride the IPO Wave
Indian Institutes of Technology are emerging as powerful engines of deep‑tech entrepreneurship, with several alumni‑founded companies recently completing high‑profile IPOs. Sedemac Mechatronics, an IIT‑Bombay spin‑out, listed at a ₹6,000 crore valuation, while Ather Energy’s IPO gave IIT‑Madras incubators a 5 % stake...
Sri Lanka’s 1st Blue Bond Dually Listed on NSE IX at GIFT City
Sri Lanka’s DFCC Bank has issued its inaugural LKR 3 billion blue bond and secured a dual listing on the NSE International Exchange (NIX) at GIFT City, marking the first blue bond to trade within India’s IFSC jurisdiction. The bond, originally listed...
Broker’s Call: Gravita (Buy)
Gravita has bought Rashtriya Metals Industries Limited for ₹565 crore, marking its entry into copper recycling and raising total copper capacity to 340 ktpa, with an additional 45 ktpa slated for Q2 FY27. The firm also expanded lead‑recycling capacity by 80,300 tpa to 145,100 tpa using...
GIFT City’s First-Ever IPO to Open on March 6
XED Executive Development Ltd is launching the International Financial Services Centre’s first equity IPO from GIFT City, opening on March 6 and closing on March 18. The $12 million, dollar‑denominated offering will list on NSE International Exchange and India‑INX, with a price band...