Business

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…

Steel Authority of India Limited (SAIL), the largest public sector steel producing Maharatna company, has clocked the best ever sales in FY’26 during the Apr –  Feb (11 month) period. The company achieved record total sales of 18.24 million tonnes (MT), registering a 14% year-on-year (y-o-y) growth. During the same period, SAIL also achieved the highest ever cash collection of Rs 1.11 lakh crore reflecting a 10% y-o-y growth. The retail sales, stockyard sales and door deliveries all witnessed significant…

Mumbai; March 2026: The Reserve Bank Of India on 10th March 2026 has rendered administrative approval to Dreamplug Paytech Solutions Private Limited, having their registered office at: 404, Uphar II CHSL, Plot No. 05, BHD Sanjeeva Enclave, 7 Bungalows, Andheri West, Mumbai- 400061, to commence operation as “Payment Aggregators”. The category under which they can operate is, PA-O: Payment Aggregator – Online. The license would allow Cred to ​sign up merchants, ​collect payments on their ‌behalf ⁠across payment instruments, and…

New Delhi, March 2026: REC Limited has committed ₹11.56 crore under its Corporate Social Responsibility (CSR) initiative for the procurement of clinical and non-clinical equipment for Sankara Eye Hospital, Saharsa, Bihar. The project will be implemented by Sankara Eye Hospital with the aim of strengthening healthcare infrastructure and improving access to quality eye care services in the region. A Memorandum of Agreement (MoA) was signed on March 9, 2026, between Shri Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr…