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…
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…