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The Government of India has launched the Biopharma SHAKTI scheme with a financial outlay of ₹10,000 crore over five years, aimed at strengthening the country’s capabilities in biologics and biosimilars. The initiative seeks to enhance domestic manufacturing, foster innovation, and position India as a competitive global player in…

Tata Steel Limited has approved a scheme of amalgamation with its wholly owned subsidiary, Neelachal Ispat Nigam Limited (NINL). The decision was taken at the board meeting held on March 17, 2026, and is subject to necessary regulatory approvals under the Companies Act, 2013. Overview of the Companies…

Ecofy has raised ₹380.5 crore in fresh equity funding to accelerate its expansion in India’s sustainable lending ecosystem, reinforcing its position in the rapidly growing green finance segment. Strong Backing from Global Investors The funding round witnessed participation from leading international development finance institutions, including British International Investment…

Axis Bank has approved a capital infusion of ₹1,500 crore into its wholly owned subsidiary, Axis Finance Limited, as part of its strategy to strengthen the NBFC’s growth trajectory. Investment Structure and Timeline The proposed investment will be executed in one or more tranches and is expected to…

Reserve Bank of India has injected ₹48,014 crore into the banking system through a seven-day Variable Rate Repo (VRR) auction, aiming to address short-term liquidity pressures arising from tax-related outflows. VRR Auction Details The liquidity infusion was conducted at a cut-off and weighted average rate of 5.26%, with…

Arohan Financial Services is advancing plans to enter the capital markets, with preparations underway to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) by the end of the month. The proposed initial public offering (IPO) is expected to strengthen the…

Shree Cement Limited has secured preferred bidder status for a limestone mining lease in Andhra Pradesh, marking a strategic step toward strengthening its raw material sourcing capabilities. The development coincided with a modest uptick in the company’s share price during intraday trading on March 18, 2026. Preferred Bidder…

State Bank of India has successfully raised ₹6,051 crore through its second Basel III-compliant Tier 2 bond issuance for FY2025–26, reinforcing its capital position amid continued business growth. Bond Issue Details and Investor Participation The 10-year bonds carry an annual coupon of 7.05% and include a call option…

LTM Limited has officially completed its corporate rebranding from LTIMindtree Limited after receiving a fresh Certificate of Incorporation from the Ministry of Corporate Affairs. The name change has come into effect from March 17, 2026. Regulatory Approval and Name Change The transition follows prior approval from shareholders and…