Gujarat Victory Forgings files draft IPO papers with Sebi, check details
INDIA MARKET | Tue, 31 Mar 2026, 3:48PM IST
Gujarat Victory Forgings has filed its draft red herring prospectus (DRHP) with market regulator Sebi for its initial public offering (IPO), which will comprise a fresh issue of 65 lakh shares and an offer for sale of 1.32 crore shares by promoter Vijendrakumar Bishamber Gupta.
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IndiGo appoints ex-British Airways chief William Walsh as CEO after Pieter Elbers exit
INDIA BUSINESS | Tue, 31 Mar 2026, 3:36PM IST
IndiGo has appointed William Walsh, currently IATA's Director General, as its new CEO, succeeding Pieter Elbers. Walsh, formerly CEO of British Airways and IAG, will join the Indian low-cost carrier by August 3, 2026, following his departure from IATA. This appointment comes after a period of significant flight disruptions for IndiGo.
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IndiGo appoints former British Airways chief William Walsh as CEO
INDIA BUSINESS | Tue, 31 Mar 2026, 3:33PM IST
IndiGo appoints former British Airways chief William Walsh as CEO
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Brookfield India REIT names Shashank Jain as CEO, Alok Aggarwal to retire
INDIA BUSINESS | Tue, 31 Mar 2026, 3:32PM IST
Jain, joining from PwC India, will take charge from July 2026 as current chief Alok Aggarwal retires after leading the REIT since its inception in 2021
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Valor Estate to acquire 100% stake in Radius Estates for Rs 383 crore
INDIA MARKET | Tue, 31 Mar 2026, 3:31PM IST
Valor Estate said that its wholly owned subsidiary MIG (Bandra) Realtors has entered into an agreement with Adani Goodhomes for acquiring entire equity share capital of Radius Estates and Developers for Rs 383 crore.
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Oil and Gas Prices Continue to Rise in Choppy Trade
GLOBAL NEWS | Tue, 31 Mar 2026, 3:29PM IST
Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.
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Why China is reviving Mao-era inland bases as nuclear buildup gains pace
INDIA MARKET | Tue, 31 Mar 2026, 3:12PM IST
China's nuclear buildup is increasingly finding new space in remote inland mountainous regions that once formed the core of Mao Zedong's Cold War defence strategy
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INDIA BUSINESS | Tue, 31 Mar 2026, 3:10PM IST
Realty firms Signature Global and RMZ Group have formed a 50:50 joint venture to develop a significant commercial project in Gurugram. RMZ Group has invested Rs 1,293 crore for a 50% stake in the project, which is expected to have a total capital value of Rs 14,000-16,000 crore.
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Utkarsh SFB transfers stressed MFI loans portfolio to two ARCs for Rs 195 crore
INDIA MARKET | Tue, 31 Mar 2026, 3:05PM IST
Utkarsh Small Finance Bank said that it has completed the transfer of a portfolio of unsecured stressed microfinance (MFI) loans, including NPAs and written-off accounts, to asset reconstruction companies under the Swiss Challenge method.
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India's average monthly mobile data usage per user hits 31 GB in 2025: Nokia
INDIA BUSINESS | Tue, 31 Mar 2026, 3:05PM IST
India saw a significant jump in mobile data usage in 2025. Average monthly data consumption per user crossed 31 GB. 5G data traffic surged 70 percent, now making up nearly 47 percent of all mobile broadband traffic. India leads globally in 5G subscribers and data consumption. This growth is driven by AI applications and 4K streaming.
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Indian business delegation visits China, explores ties after 5 year hiatus
INDIA NEWS | Tue, 31 Mar 2026, 2:59PM IST
An Indian chambers of commerce delegation is currently visiting China to interact with their counterparts here, marking the first such visit after the five-year freeze in relations.
A delegation of the Punjab, Haryana, Delhi, Chambers of Commerce and Industry (PHDCCI) is on a visit to Shanghai and China's Jiangsu province, one of the most industrialised areas of China, from Mar 29 to April 4.
This is the first Indian trade delegation to visit China after the two countries normalised bilateral relations last year, after over five years of hiatus following the military standoff at Eastern Ladakh in 2020.
The relations were on the course of normalisation after the meetings between Prime Minister Narendra Modi and Chinese President Xi Jinping in 2024 and 2025 on the sidelines of the BRICS and SCO summits.
The Indian Consulate General of Shanghai, Pratik Mathur, on Tuesday hosted a Business Round Table between the PHDCCI Delegation and leading companies and financial institutions from .
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New income tax law from Wed: ITR, HRA, PAN and tax rules explained
INDIA BUSINESS | Tue, 31 Mar 2026, 2:54PM IST
Shift to a unified tax year and streamlined compliance aims to simplify the code, though it introduces tighter verification for claims and higher transaction costs for active traders
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India diesel exports to SE Asia hit 7-year high in March due to Iran war, data shows
INDIA BUSINESS | Tue, 31 Mar 2026, 2:51PM IST
India's diesel exports to Southeast Asia hit a seven-year high in March, driven by traders covering short positions and refiners capitalizing on Asian profit margins. This surge, largely by Reliance Industries, helps alleviate supply tightness, with analysts predicting the trend's continuation despite export taxes. The U.S. stance on Russian and Iranian oil purchases enables India to maintain refinery capacity.
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INDIA MARKET | Tue, 31 Mar 2026, 2:47PM IST
Prime Minister Narendra Modi on Tuesday inaugurated Kaynes Semicon's semiconductor plant at Sanand.
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Euro zone inflation surges past ECB target
INDIA NEWS | Tue, 31 Mar 2026, 2:41PM IST
FRANKFURT: Euro zone inflation soared past the European Central Bank's 2% target this month due to surging oil and gas prices, heightening a policy dilemma as expensive energy is a drag on growth but also risks generating a self-reinforcing inflation spiral. Oil prices have nearly doubled as a result of the Iran war and the ECB is now debating whether to raise interest rates to prevent this surge from becoming entrenched in the price of other goods and services. Overall inflation in the 21 countries sharing the euro currency jumped to 2.5% in March from 1.9% a month earlier below expectations for 2.6% in a Reuters poll of economists, as energy costs rose 4.9%. A closely-watched figure on underlying inflation, which excludes volatile food and energy, meanwhile fell to 2.3% from 2.4%, data from Eurostat, the EU's statistics agency showed on Tuesday. HIKE OR LOOK PAST? Basic economic theory argues that central banks should look past one-off price shocks generated by supply disruptions, especially because monetary policy works with long lags. But a quick rise in energy inflation can easily broaden out if companies start building this into selling prices and workers begin demanding higher wages for the loss of disposable income. The public may also start doubting the ECB's resolve if it remains idle, firming the case for rate hikes even in the event of large but not so persistent inflation episodes, ECB President Christine Lagarde said last week. Financial markets now see three interest rate hikes from the ECB this year, with the first in either April or June. While some policymakers, such as the influential Bundesbank head Joachim Nagel, said that a rate hike as soon as April was an option, others, including ECB board member Isabel Schnabel, have warned against hasty action. But policymakers agree that the ECB must act if energy starts generating second round price pressures, especially since domestic inflation had been above 2% for years. Services inflation, the single largest item in the consumer price basket and the key gauge for domestic inflation fell to 3.2% in March from 3.4% a month earlier. Part of the issue is that the ECB was late in recognising the inflation problem in 2021/22, arguing for months that the surge was transitory and would pass. It only raised rates when price growth hit 8%, forcing the central bank into its steepest tightening cycle in its history. But the bloc is now in a very different position, so comparisons with 2022 are not entirely valid. Rates are already higher, budget policy is tighter, the labour market has been weakening for months and there is no pent-up demand created by pandemic-era lockdowns. The ECB will next meet on April 30.
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Whoop, a Wearable Health Device Maker, Raises $575 Million
GLOBAL NEWS | Tue, 31 Mar 2026, 2:36PM IST
With elite athletes like LeBron James and Cristiano Ronaldo as investors, the company, now valued at $10 billion, is courting everyday health enthusiasts.
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IMD Thunderstorm Warning: Will Mumbai, Thane And Pune See Rain Today?
INDIA MARKET | Tue, 31 Mar 2026, 2:32PM IST
On Tuesday, Mumbai saw dense cloud cover in the early hours, with dark clouds moving over Nariman Point in South Mumbai.
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Texmaco Rail bags Rs 357-cr order from JSW Group
INDIA MARKET | Tue, 31 Mar 2026, 2:31PM IST
Texmaco Rail & Engineering has received an order worth Rs 357.11 crore from JSW Group for the manufacture and supply of BLSS, BLCS, and BFNV rakes along with BVCM wagons.
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Samman Capital to diversify, targets top 3 NBFC rank by FY29
INDIA BUSINESS | Tue, 31 Mar 2026, 2:29PM IST
IHC to become promoter via Avenir Investment with 63.3 per cent stake post open offer; lender plans expansion beyond mortgages, scaling products, branches and customer base
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Magnum Ice Cream acquires 61.9% stake in Kwality Wall's
INDIA BUSINESS | Tue, 31 Mar 2026, 2:28PM IST
Magnum Ice Cream Netherlands has acquired a 61.9% stake in Kwality Walls (India) Ltd, gaining control and becoming the new promoter. The outgoing promoters, including Unilever, are now reclassified as public. The acquisition follows a June 2025 Share Purchase Agreement. KWIL also appointed Abhijit Bhattacharya as Chairman and Non-Executive Director, while Ritesh Tiwari resigned from the board.
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Honey Singh Mumbai Concert: FIR Filed Over Laser Light Violations, Safety Concerns
INDIA MARKET | Tue, 31 Mar 2026, 2:24PM IST
The Mumbai concert was part of Yo Yo Honey Singh's ongoing My Story World Tour
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Sammaan Capital becomes IHC Group company, receives Rs 5,652 cr in first tranche of stake sale
INDIA MARKET | Tue, 31 Mar 2026, 2:23PM IST
Sammaan Capital has officially become an International Holding Company group firm after receiving Rs 5,652 crore in the first tranche of a major stake sale. Through affiliate Avenir Investment RSC, IHC will acquire 41.5% now and complete the remaining investment upon warrant conversion, marking one of Indias largest NBFC-sector deals.
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Can AI help retail investors make consistent money in trading? Here's what Nithin Kamath says
INDIA MARKET | Tue, 31 Mar 2026, 2:22PM IST
Nithin Kamath cautions that AI cannot help retail investors consistently make money in trading due to behavioural biases and lack of informational edge. While AI can improve discipline and execution, it cannot create profitable strategies. Institutional players retain structural advantages, limiting retail investors ability to outperform markets sustainably.
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Signature Global, RMZ complete 1,293 cr deal to fund Gurugram project
INDIA BUSINESS | Tue, 31 Mar 2026, 2:21PM IST
RMZ acquires 50 per cent stake in subsidiary GCL; partners form joint venture to develop large mixed-use commercial project on Gurugram's Southern Peripheral Road corridor
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3 yr deal: Malaika Arora Khan gives Bandra West flat on rent for Rs 1.2 cr
INDIA BUSINESS | Tue, 31 Mar 2026, 2:18PM IST
Actor's three-year lease agreement in Bandra West highlights robust demand and high rental yields in Mumbai's luxury property market
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'Gravest Misjudgment': 'Calling Sehmat' Author Unhappy With 'Raazi', Says Story Was Misrepresented
INDIA MARKET | Tue, 31 Mar 2026, 2:16PM IST
So far, 'Raazi' director Meghna Gulzar has not responded to Harinder Singh Sikka's criticism of the film's adaptation of 'Calling Sehmat'.
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Blue Cloud Softech Solutions bags services contract from Hyderabad City Police
INDIA MARKET | Tue, 31 Mar 2026, 2:16PM IST
Blue Cloud Softech Solutions said that it has received a purchase order from the Hyderabad City Police for building IT Infrastructure and providing 'Blura Saga' AI Platform.
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In crisis created by the Iran war, survival won't be enough for businesses
INDIA NEWS | Tue, 31 Mar 2026, 2:13PM IST
Beyond firefighting, leaders must leverage shifting market dynamics and deepen relationships to secure a long-term competitive advantage
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NBFCs lead March CP issuances; corporate borrowing may ease in FY27: Ind-Ra
INDIA BUSINESS | Tue, 31 Mar 2026, 2:09PM IST
: Non-banking Financial Companies (NBFCs) continued to drive activity in the commercial paper (CP) market in March, even as corporates turned cautious amid elevated short-term borrowing costs, a report by India Ratings and Research (Ind-Ra) said.
The rating agency expects the divergence in borrowing patterns to persist, with NBFCs continuing to access the CP market actively to meet funding requirements, particularly during the financial year-end period, while corporates remain selective due to higher funding costs and comfortable internal liquidity.
March typically marks the peak funding requirement period for NBFCs, and their demand has remained strong despite the rise in yields, the report noted.
Reflecting this trend, CP issuances by NBFCs surged to Rs 70,300 crore in March 2026, up from Rs 45,500 crore in February 2026. In contrast, corporate CP issuances declined sharply to Rs 26,600 crore from Rs 40,700 crore during the same period.
"The current environment suggests that NBFC
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Global Markets | Japan's Nikkei wraps up worst month since 2008 as Mideast crisis drags on
INDIA MARKET | Tue, 31 Mar 2026, 2:08PM IST
Japan's Nikkei share average fell for the fourth straight day on Tuesday, capping its worst month since the 2008 global financial crisis as the widening Middle East war weighed on sentiment.
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NBFCs continue to dominate CP issuances in March; CD borrowings may moderate in FY27: Ind-Ra
INDIA BUSINESS | Tue, 31 Mar 2026, 2:06PM IST
Non-banking financial companies actively tapped the commercial paper market in March, driven by year-end funding needs, while corporates adopted a cautious approach due to high borrowing costs and ample internal funds. This trend is expected to continue. Bank certificate of deposit issuances remained stable, suggesting easing short-term funding pressures in the banking sector.
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INDIA MARKET | Tue, 31 Mar 2026, 2:02PM IST
European stocks inched up on Tuesday as investors drew some comfort from hopes of de-escalation in the Middle East war, but the benchmark index was still set for its sharpest monthly decline since 2020 amid supply-chain disruptions.
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Eutelsat in talks with ISRO to boost launches
INDIA NEWS | Tue, 31 Mar 2026, 1:59PM IST
PARIS: Eutelsat, Europe's main rival to Elon Musk's satellite internet provider Starlink, is in talks with India's space agency about future satellite launches as it seeks to diversify beyond SpaceX and Europe's Ariane rockets. Jean-Francois Fallacher, CEO of France-based Eutelsat since last June, told Reuters that negotiations with the Indian Space Research Organisation (ISRO) were ongoing, though no deal has yet been reached. The talks have not previously been reported. ISRO did not immediately respond to an emailed request for comment. France and India have deepened ties in defence, space, and maritime security, with New Delhi recently signing contracts for French fighter jets. Last year, French President Emmanuel Macron urged the two countries to team up on space, warning that reliance on non-European providers was "madness". Eutelsat merged in 2023 with OneWeb, a London-headquartered satellite internet startup that had been rescued by Britain and India's Bharti. The combined group lost access to Russia's Soyuz rocket after Moscow's invasion of Ukraine and has since relied on Musk's SpaceX and Ariane rockets. It has also signed a deal with MaiaSpace, a French startup developing Europe's first reusable mini-launcher. Fallacher said he visited New Delhi in February as part of Macron's delegation, meeting India's telecoms minister and regulators to discuss market access. "We are preparing for the future, because launch capacity needs to be prepared very much in advance," he said. "India is a huge country ... so getting market access is strategic." ISRO launched 72 OneWeb satellites on its LVM3 rocket before the merger. OneWeb satellites, about the size of a fridge, provide high-speed internet services to governments and businesses. India is repositioning its space programme to shift routine manufacturing and commercial activity to the private sector while freeing ISRO to focus on advanced research and exploration. New Delhi is targeting a domestic space economy worth about $44 billion by 2033, according to official estimates. EUTELSAT FULLY FINANCED THROUGH 2031, CEO SAYS Eutelsat operates 650 satellites and expects to reach more than 1,000 "very soon", Fallacher said. Airbus is building 440 satellites, while a long-planned OneWeb upgrade for the European Union's IRIS project will also boost the fleet. Fallacher dismissed comparisons with Starlink's network of 10,000 satellites, saying Eutelsat would scale as needed. "It's not a question of number of satellites, because when you are higher in space, you need fewer satellites. As soon as it's becoming a limitation, we will order new satellites and we will grow the constellation," he said. The company is fully financed through 2031, he added, after securing 5 billion euros ($5.7 billion) in a refinancing last year that made the French state its top shareholder. "We will not come back next year or the year after to request additional funding from the market," Fallacher said. Eutelsat estimates it will spend around 2 billion euros to buy and launch its 440 satellites by 2030. Launches typically account for 30% to 40% of total programme costs.
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FY26 multibaggers: 10 stocks jump 125% to 1,655% in one year
INDIA MARKET | Tue, 31 Mar 2026, 1:56PM IST
In FY26, a select group of Indian stocks delivered exceptional returns. Twenty companies with market caps above Rs 3,000 crore and significant trading volume saw substantial growth. The top ten performers surged dramatically, with gains ranging from 125% to an astounding 1,655%. These stocks became significant wealth creators, more than doubling investor value within the fiscal year.
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Govt cancels auction of 11 critical, strategic mineral blocks
INDIA BUSINESS | Tue, 31 Mar 2026, 1:54PM IST
The government has cancelled the auction of 11 critical and strategic mineral blocks in the sixth round due to poor investor response and a lack of qualified bidders. Five blocks received no bids, five had fewer than three technically qualified bidders, and the Beku Rare Metal Block in West Bengal was also annulled.
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Global Markets | South Korea hit by steepest stocks selloff since 2008, currency tumbles
INDIA MARKET | Tue, 31 Mar 2026, 1:51PM IST
South Korean markets buckled on Tuesday, with shares sliding toward their worst monthly performance since the global financial crisis and the won sinking to post-crisis lows, as the Middle East war sent investors fleeing worldwide.
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Tata Chemicals restructures holding of its UK operations
INDIA MARKET | Tue, 31 Mar 2026, 1:50PM IST
Consequent to this transfer, GHUL has ceased to be a material subsidiary of the Company and HFUK is considered as a material subsidiary of the Company.
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Utkarsh Small Finance Bank transfers portfolio of unsecured stressed MFI loans to ARCs
INDIA MARKET | Tue, 31 Mar 2026, 1:50PM IST
Utkarsh Small Finance Bank announced that upon conclusion of Swiss Challenge Method, the Bank has completed the transaction of transfer of portfolio of unsecured stressed MFI loans (NPA and written-off accounts) to asset reconstruction companies as detailed below:
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