Business

New Delhi, March 2026 : Maruti Suzuki India Limited on Tuesday said it has received a draft assessment order from the Income Tax Department involving a demand of ₹5,786 crore. The company, however, assured that the notice will not affect its financial health or business operations. In a regulatory filing, the automaker stated that it will challenge the draft order by filing objections before the Dispute Resolution Panel, as part of the prescribed legal process. The draft assessment order relates…

Editor’s Synopsis Ahmedabad, March 2026: IndiGo, India’s preferred airline, and Adani Airport Holdings Limited (AAHL), the country’s largest private airport operator, have announced a strategic partnership enabling IndiGo BluChip members to earn on duty-free shopping across AAHL-managed airports. Under the partnership, members can earn five IndiGo BluChips for every ₹100 spent on duty-free products pre-booked through the Adani platform. Travellers can browse, reserve and pay for products online before departure and collect their purchases conveniently at the airport. Neetan Chopra,…

Ahmedabad, March 2026: Adani Power Ltd (APL), India’s largest private sector power generator, today said it has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply of 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects (USCTPP). The LoA follows Adani Power’s success in a highly competitive bidding process, where the company emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30/kWh. The supply…

Mumbai, March 2026 : A sharp sell-off in the equity markets during the past week led to a significant erosion in the combined market capitalisation of India’s top-10 most valued companies, which collectively lost around ₹4.48 lakh crore. Among the major losers was HDFC Bank, whose market valuation declined by ₹61,715 crore amid the broader market downturn. The decline came during a turbulent trading week when the benchmark indices BSE Sensex and Nifty 50 recorded steep losses. Investor sentiment remained…

The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, Government of India, facilitated the first export consignment of 25 metric tonnes of Geographical Indication (GI)-tagged Joha Rice from Assam to the United Kingdom and Italy. The consignment was dispatched on 12 March 2026 in collaboration with the Department of Agriculture, Government of Assam. Joha rice, an indigenous aromatic variety from Assam, received the Geographical Indication (GI) tag in 2017. Known for its…

The project also includes construction of a 34.5 km long Kaziranga Elevated Corridor The National Highways Authority of India (NHAI) has received an overwhelming response from bidders for the construction of the over 85 km long Kaliabor to Numaligarh section of NH-715, passing through Kaziranga National Park and Tiger Reserve, on Engineering, Procurement and Construction (EPC) mode. In response to the bids invited by NHAI from highway developers, the project has received 18 bids and is scheduled to be awarded in the current financial year at a total capital…

Washington, March 2026 : Global software giant Adobe has announced that its long-serving Chief Executive Officer Shantanu Narayen will step down after nearly two decades at the helm, marking the end of one of the most influential leadership tenures in the technology industry. The San Jose–based company said Narayen will continue in his role as CEO until a successor is appointed. After the transition, he will remain involved with the company as Chair of the Board, ensuring continuity and supporting…

Mumbai; March 2026: Indian stock markets opened in the red today with the opening of the market, as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment. The benchmark indices came under pressure after Iran’s Navy Chief reportedly said that vessels seeking to sail through the Strait of Hormuz would require Iran’s approval or could be targeted, raising concerns about disruptions in global oil supply. The Nifty 50 index opened at…

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Voltas Limited, a Tata Enterprise, to facilitate industry–start-up collaboration in the cooling and smart appliance ecosystem. The collaboration seeks to engage start-ups working on technologies across areas such as heating, ventilation and air conditioning (HVAC), advanced control systems, power electronics, artificial intelligence and machine learning-based diagnostics, IoT-enabled smart appliances, and digitalisation in manufacturing and service operations. As…

NHAI received an overwhelming response from the bidders for implementation of the 4-laning of the 47.46 km long Dhamasiya–Bitada/Movi section and the 60.21 km long Nasarpore–Malotha section in Gujarat on Hybrid Annuity Model (HAM) mode. The project was approved by the Cabinet Committee on Economic Affairs, chaired by the Hon’ble Prime Minister Shri Narendra Modi in February 2026, with a total project length of 107.6 km and a total capital cost of Rs. 4,583.6 crores. Bids were invited by NHAI for construction and received encouraging…