The first ten months of FY26 saw a 1.5% overall growth in capital expenditure across seven major states, with Madhya Pradesh leading at over 20%. Tax revenue growth slowed to 6%, while borrowings increased and revenue expenditure decreased. This highlights a tightening fiscal space and the need for states to balance growth support with prudence in public capital expenditure.
Power Finance Corporation, a leading PSU in the power industry, has declared an interim dividend of Rs 3.25 per equity share for FY26, with a record date of March 23. Additionally, the company plans to raise Rs 1,60,000 crore in FY27 through different means, including domestic and foreign currency borrowing. The stock has shown consistent growth in recent times.
A stock that’s already fallen 40% is still on a major brokerage’s radar.
JM Financial sees strong upside potential, calling the correction overdone.
The bet? Growth in core business and improving profitability ahead.
And it’s not alone — Polycab India and Tilaknagar Industries also make the cut.
Is this a classic “buy the dip” moment… or a value trap?
Petroleum stocks surge as crude oil prices rise, with MOIL and Chennai Petroleum Corporation seeing the highest gains. Aegis Logistics and other companies in the Nifty Oil & Gas index also saw significant increases. The rise in oil prices is attributed to tensions in West Asia, with India negotiating for additional supply routes. Indian equity benchmarks also saw steady gains in Tuesday's trade.
JP Morgan has identified top picks in India's electronics manufacturing services sector, including Syrma Technology, Amber Enterprises, and Avalon Technologies, which have outperformed the market despite recent struggles. The sector is evolving, with companies shifting towards manufacturing components and PCBs.
Tsutomu Shibayama, known for directing the Doraemon films for over 20 years, passed away at 84 due to lung cancer. The news shocked the Japanese entertainment fandom. Shibayama was also the former president and CEO of Ajiado, an animation studio. Fans shared their memories and thanked him for making their childhood special.
Eid-ul-Fitr 2026 will be celebrated on March 18, depending on the moon sighting in Saudi Arabia. This marks the end of the holy month of Ramadan, where devotees practice self-reflection and fasting. The day is all about happiness, togetherness, and spending time with loved ones. Devotees eagerly await the final moonsighting day to celebrate Eid in India.
March 2026 will see a rare convergence of Hindu festivals Gudi Padwa, Ugadi, and Chaitra Navratri, symbolizing new beginnings and prosperity. This day also aligns with the significant period of Eid-ul-Fitr for Muslims. The date for Eid-ul-Fitr in India will depend on the sighting of the moon in Saudi Arabia.
Motilal Oswal Financial Services maintains a 'Buy' rating on Hindalco Industries, with a target price of Rs 1,110 per share. The company's Indian operations are debt-free and its management expects domestic demand to outperform globally. Hindalco plans to mitigate higher energy costs due to the Middle East conflict through captive mines and expand its value-added product offerings.
Nomura predicts minimal impact on consumer companies in West Asia conflict due to limited gas exposure. Top picks include Britannia Industries and Titan Company, with Marico, Tata Consumer Products, Godrej Consumer Products, Asian Paints, and United Spirits as preferred stocks. Most companies have less than 10% gas exposure and can easily switch production methods.
A new rule from the Trump administration will begin to take effect on Monday, causing roughly 200,000 immigrant truck drivers to lose their commercial driver’s licenses (CDLs) as they expire, according to the Washington Post. The policy affects asylum seekers, refugees, and recipients of Deferred Action for Childhood Arrivals (DACA).
Indian-origin student Gautham Rajanikanth, 17, was found dead in Pittsburgh, Pennsylvania after being reported missing. His family confirmed the tragic news on social media and the community is grieving the loss of the bright student. Local authorities have not released any official statements yet, but the importance of community support during difficult times has been emphasized.
Sugar stocks, including Rajshree Sugars, Gayatri Sugars, Shree Renuka Sugars, Bajaj Hindusthan, EID Parry, and Mawana Sugars, saw a surge in share prices today. This was due to a fresh policy update from the government, as well as expectations of increased ethanol demand and global energy trends.
ICICI Securities identifies KFin Technologies as a promising investment due to its backend services for mutual funds and financial institutions. With a strong presence in the Indian mutual fund market and expansion into new segments, the company has potential for significant growth. The brokerage rates the stock as 'Buy' with a target price of Rs 1,050, indicating an 18% potential upside.
Innovision IPO, which aimed to raise Rs 322.84 crore, will close for bidding today with a price band of Rs 521-548 per share. The IPO received a total subscription of 1.25 times, with QIBs subscribing 13.09 times, retail buyers 0.29 times, and NIIs 2.73 times. The company's shares have seen a rising trend in the grey markets, with a GMP of 5%.
Kalpataru Projects International, a top EPC company, has bagged new orders worth Rs 2,471 crores from different sectors like urban infrastructure, power transmission, and buildings. MD and CEO Manish Mohnot is optimistic about meeting their targets for FY26 with a total of Rs 22,000 crore in orders this year. Despite a drop in stock prices, the new orders are expected to drive growth in T&D.
Twitch streamer ERBY, famous for his extreme gaming tactics, was banned from the platform for broadcasting a risky stunt for monetary rewards. He has now shifted to Kick, raising $1,500 in three days. Twitch suspended him for a day, citing self-destructive behavior. ERBY is currently back on Kick.
Two Indian-origin brothers who ran a massive fraud network, according to DHS, are now staring at decades, possibly centuries, behind bars. US Immigration and Customs Enforcement said Bhaskar and Arun Savani were convicted this month after a long, multi-agency investigation.
An Indian American group criticized Laura Loomer for her anti-India, anti-Islam, and anti-H-1B rhetoric at the India Today Conclave 2026. Loomer, a far-right political activist, stood by her "America First" agenda and doubled down on her hate for the H-1B visa program, sparking an anti-India debate. IAAC argued that skilled immigrants are driving critical sectors in the US and scapegoating them
In March, FIIs sold over Rs 66,000 crore in Indian markets, reflecting their worries about the global economy and Middle East crisis. The strong dollar and high crude oil prices are also contributing factors. Until India's earnings improve, FIIs are likely to keep selling. Retail investors are advised to wait for clarity before investing.
Michael B. Jordan's successful awards season, including a Best Actor win at the Oscars, was overshadowed by his visit to a fast-food joint near the Dolby Theatre. Fans and creators flocked to the In-N-Out to catch a glimpse of the star, with one fan even documenting the experience on Instagram.
The third installment of Dune, a popular science-fiction adventure film, is set to release in December 2026 and will compete with a major Marvel movie. The highly anticipated film stars Timothee Chalamet, Zendaya, Robert Pattinson, and others. The first look and trailer have been released, and the previous two films were successful at the box office and received critical acclaim.
Indian Ocean, a timeless band, recently performed at Iconiq White NH7 Weekender in Pune. Their music, loved by both Gen-Z and long-time fans, reflects their dedication to their craft. They shared their enthusiasm for performing for younger crowds and their eagerness for future collaborations, including folk, EDM, and global music.
The US air travel scene is facing a nightmare due to the Department of Homeland Security's funding shutdown, causing delays and cancellations for passengers. This week, a major storm caused over 12,500 flights to be impacted, with over 8,500 delays and 4,000 cancellations. International reports have highlighted the struggles of travelers, including being forced to sleep on airport floors.
GMDC's stock will be in the spotlight as the company has entered into an MoU with NMDC to explore collaboration in the rare earth sector. This includes studying the Ambadungar deposit, building a value chain, and conducting technical studies. The stock has shown a 116% increase in the past year, but has had mixed performance recently.
Global cues and developments in West Asia will impact Dalal Street today. Traders will also keep an eye on global market trends, currency movements, and commodity prices. The market is likely to open positively, with the GIFT Nifty trading near 23,500. In the previous session, Indian benchmark indices closed higher, with the Sensex and Nifty both gaining over 1%.
An airstrike hit a large drug addiction treatment hospital in Kabul on Monday night, around 9 pm. The facility, known for treating thousands of patients, was badly damaged, with entire sections brought down. By early Tuesday, the death toll had climbed.
PhonePe, owned by Walmart, has postponed its IPO due to the conflict in West Asia and market instability. CEO Sameer Nigam hopes for a peaceful resolution and is still determined to list the company in India. The IPO will involve the sale of Rs 10,115 crore worth of stakes by Walmart, Tiger Global, and Microsoft Global Finance.
India and Iran are collaborating to secure the safe passage of ships transporting crude oil and LPG through the Strait of Hormuz, a vital energy shipping route. Amid escalating tensions in the Gulf, India is heavily dependent on the Strait for its energy imports.
OXMIQ Labs and AM Intelligence Labs have joined forces to offer advisory services for AM Group's upcoming 2 GW AI compute capability, with the first 1 GW hub to be constructed in Noida, Uttar Pradesh. This state-of-the-art facility will include carbon-free power, advanced data center infrastructure, high-performance accelerators, and flexible consumption options.
The rise in oil prices due to shipping disruptions and war in West Asia has caused Indian benchmark indices to drop. Major brokerage firms have revised their year-end projections for Nifty 50, citing concerns over oil prices and market instability.
Dubai International Airport has halted all foreign flights due to security concerns in the Middle East, after a drone incident caused a fuel tank to ignite near the airport. Passengers are advised not to travel unless contacted by their airline. Air India will operate non-scheduled flights to and from UAE and Saudi Arabia, but regular flights to these countries have been suspended.
The unemployment rate for young people in India increased to 14.8% in February, with rural areas having the highest rate for women at 14.6%. However, there was a slight decrease in overall unemployment due to more hiring in urban services and an increase in female labor force participation. The labor force participation rate remained steady at 55.9.
IDBI Bank's shares fell by 16.5% as the government's attempt to sell a majority stake failed due to low bids. The reserve price of Rs 92-98 per share was not met, with the highest bid at Rs 80-82. Fairfax, the only serious bidder, offered less due to employee resistance and regulatory issues. This has created uncertainty for the bank's future and affected its overall performance.
Bangalore's Kempegowda International Airport is focused on becoming a major transfer hub as airlines increase long-haul capacity and global traffic patterns change. COO Girish Nair shares their hub strategy, plans for cargo and airport development, and efforts to attract more international routes, particularly in East Asia. They aim to achieve 20-22% transfer traffic in the coming years.
PSBs closing valuation gap with private lenders as they report stronger balance sheets and sustained profitability. P/E ratio gap between Nifty PSU Bank Index and Nifty Private Bank Index narrowed to 9.41 in March. Private bank P/E ratio declined while PSBs remained steady.
Redington, a key iPhone distributor in India, has limited operations in its subsidiary Redington Gulf FZE due to political tensions in the Gulf region. This is to protect working capital and address longer transit times and higher costs. The company is closely monitoring the situation and will update stock exchanges. Despite this, the company has reported strong revenue growth.
The upcoming CAFE-III norms may tighten emission targets for small cars without any regulatory relief, unlike other major automobile markets. The BEE presented this to the PMO, but the proposed roadmap does not include any flattening mechanisms like other countries.
MakeMyTrip plans to launch an IPO for its India business to fuel growth and improve its position in the Indian travel market. The company has restructured internally and acquired a majority stake in Flamingo Transworld, along with investing in Atlys. The IPO could provide capital and listed equity for future expansion efforts.
SEBI Chairman Tuhin Kanta Pandey expressed concerns over the decline in registered investment advisors (RIAs) and the increasing influence of finfluencers on social media. He emphasized the need for more regulated advisors to fill the gap and promote responsible investing.
RIL partners with Samsung in $3 billion deal to supply green ammonia for 15 years, marking a major move in the green fuels market. Supplies to begin in FY29 as part of RIL's new energy platform, which aims for net-zero through integration of renewable power, energy storage, green hydrogen, and clean-energy technologies.
Foreign portfolio investors are cautious about India due to geopolitical tensions and volatile crude prices. However, they still hold over $820 billion in Indian equities and have not witnessed significant outflows. Policy clarity and currency stability are key factors that will bring FPIs back.
The Indian government is helping exporters to West Asia amid the ongoing conflict. They are addressing logistical issues and collaborating with neighboring countries to ensure smooth movement of goods. Due to the conflict, shipping companies are avoiding the region, causing delays and longer journeys for exports.
Ola Electric, the EV arm of Ola, plans to raise Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies. Investment banks Avendus Capital and Motilal Oswal Financial Services have been appointed to manage the process.
India's wholesale price inflation reached an 11-month high in February due to a rise in food prices and basic metal manufacturing. The impact of the West Asia conflict on oil prices is expected to reflect in March's numbers, leading to a significant increase in wholesale inflation.
SEBI has deferred the allotment of shares for Rajputana Stainless IPO to March 17 after "unsolicited emails" were shared by the company. Investors can withdraw their bids till March 16 through the Designated Intermediary. The IPO was supposed to be finalised on March 12, with shares listing on March 19. The company raised Rs 254.98 crore.
The Wzatco Yuva Infinity is a smart home projector that runs Google TV, making it an all-in-one solution for home entertainment. With 1200 ANSI Lumens brightness and Full HD resolution, it can project a 100-120 inch screen, perfect for movies at night.
Infinix's Note Edge 5G is a mid-range phone with a curved AMOLED display and large battery, perfect for heavy users. It has three memory options, Active Halo Lighting, and AI-powered tools. With a 6500mAh battery and reliable processor, it can handle daily tasks and gaming without constant charging. Priced under 25k, it's a great choice for budget-conscious buyers.
LeapFrog Investments and co-investors have invested $95 million in ReNew Green Energy Solutions, a partnership that will support India's decarbonization journey and provide renewable power to leading businesses.
Israel's Ambassador to India, Reuven Azar, dismissed conspiracy theories about Israeli Prime Minister Benjamin Netanyahu's death. He confirmed that Netanyahu is alive and the recent video of him at a cafe in Jerusalem is not AI-generated. Azar's statement put an end to the speculation and even the cafe posted pictures to support Netanyahu's side.
CMPDI is launching its IPO on March 20 to raise Rs 1,842.12 crores through an offer for sale of 10.71 crore shares. The issue price band is Rs 163-172 per share, with allotment on March 25 and listing on March 30. IDBI Capital Markets Services and Kfin Technologies are the book runners and registrar. CMPDI offers consultancy services.