Cab drivers operating through app-based platforms in Gurugram have launched a strike, raising concerns over passenger safety and the absence of mandatory verification mechanisms. The protest underscores growing unease among drivers regarding security risks associated with unverified riders. Call for Mandatory Passenger Verification A key demand from drivers…
The Adani Group is set to undertake a comprehensive restructuring of the assets acquired from Jaiprakash Associates Ltd (JAL) following its successful insolvency resolution. The move is aimed at optimizing asset utilization, enhancing operational synergies, and maximizing long-term value across its diversified business portfolio. NCLT Approval and Acquisition…
🔶 Key Highlights HDFC Bank: Navigates leadership transition post Chairman resignation; RBI reassures stability, Keki Mistry appointed interim chairman. (Neutral) MM Forgings: Board to consider fundraise via equity on March 25. (Neutral) RITES: Secures LoA for maintenance of India’s first high-speed railway test track. (Positive) P N Gadgil…
ICICI Bank: Redeemed $800 million notes under its Global Medium Term Note Programme. Infosys: To incorporate a new subsidiary “Infosys Enterprise Business Services” in Australia. UltraTech Cement: Acquires 26.18% stake in Sunsure Solarpark Seven for ₹19.2 crore. NATCO Pharma: Board to consider demerger of Agrochemicals division on…
Samvardhana Motherson International Limited has completed an additional stake acquisition in Yutaka Giken Co., Ltd. through its indirect wholly owned subsidiary, reinforcing its strategic investment in the Japanese firm. The company’s shares also witnessed a modest uptick during trading on March 18, 2026. Completion of Tender Offer The…
The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing changes to streamline nomination procedures for demat accounts and mutual fund folios. The initiative is aimed at improving investor convenience while addressing operational inefficiencies in the current framework. Default Nomination Framework A key proposal…
The Securities and Exchange Board of India (SEBI) has revised the Settlement Guarantee Fund (SGF) framework for the commodity derivatives segment, aiming to enhance ease of doing business while maintaining strong risk management standards. The changes, issued via a circular dated March 16, follow industry feedback and public…
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…
