INDIA MINES MINISTER SAYS TAKEN STEPS TO ENSURE COAL PRICES SHOULD NOT GO UP
Rupee hits a record low of 93.97 against US dollar in intraday trade
MARKET AT CLOSE
Nifty 50 ends in red, down over 2.5%
Nifty ends below 22500
Nifty hits lowest level since 9th Apr 2025
Shriram Finance and Titan are top losers in Nifty 50, both down over 6%
Broader market underperforms benchmark
Nifty SmallCap 250 down over 3.5%
INDIA: WEST ASIA WAR & ENERGY SECURITY UPDATE (PM MODI STATEMENT)
KEY HIGHLIGHTS
– West Asia situation remains “worrisome”; impacting global economy
– India highly dependent on crude, gas & fertilizer supplies from the region
– Strait of Hormuz identified as critical for India’s energy security
– Supplies via Hormuz impacted due to ongoing conflict
ENERGY DEPENDENCY & RISKS
– Major share of crude, LNG & fertilizer imports routed via Hormuz
– India imports ~60% of its LPG requirements
– Disruption in shipping routes poses supply chain risk
– Middle East remains central to India’s energy basket
GOVERNMENT RESPONSE
– Govt closely monitoring Gulf & nearby shipping routes
– In touch with multiple nations to secure alternative supplies
– Two rounds of diplomatic talks with Gulf leaders
– Increasing domestic LPG production to reduce dependency
DOMESTIC SUPPLY MEASURES
– Priority given to domestic LPG availability
– Ensuring uninterrupted petrol & diesel supply nationwide
– Strategic petroleum reserves being utilised as buffer
INDIAN DIASPORA SUPPORT
– ~3.75 lakh Indians returned since start of conflict
– Govt ensuring safety & support for Indians in affected regions
– Gulf nations have assured safety of Indian citizens
MACRO & ECONOMIC VIEW
– Govt maintains India’s economic fundamentals remain strong
– Energy security efforts gaining higher importance
– Global uncertainty due to war affecting trade & inflation outlook
STRATEGIC IMPACT
– Reinforces urgency for energy diversification (renewables, biofuels, domestic gas)
– Highlights geopolitical risk to India’s import-dependent energy model
IMPACT ASSESSMENT
– Slight Negative (Macro + Oil Sensitivity Risk)
OVERALL TAKEAWAY
– Near-term supply is under control, but prolonged disruption in Hormuz can sharply impact oil prices, inflation, and India’s macro stability
We need to be prepared for long term impact, PM Modi tells the Parliament on West Asia war
PM MODI SAYS INDIA HAS 5.3M TONS STRATEGIC PETROLEUM RESERVE
Closure of Hormoz is unacceptable, says PM Modi
IRAN’S DEFENCE COUNCIL SAYS ONLY WAY TO PASS THROUGH HORMUZ STRAIT FOR NON-BELLIGERENT STATES IS BY COORDINATING WITH IRAN – STATEMENT
Bharti Airtel – 5G Expansion in Gujarat 📡
• 📡 Deployed 2,750+ new 5G sites
• 🌍 Coverage reaches 41 Mn+ users across 36 districts
• ⚡ Faster speeds & better connectivity
• 🏙️ Expanded to cities, towns & rural areas
• 💰 Launched ₹399 unlimited data plan
• 📈 Focus on rising data demand
🟢 Impact: Positive
AT 2 PM TODAY, PRIME MINISTER NARENDRA MODI WILL SPEAK IN THE LOK SABHA ON KEY ASPECTS OF THE ONGOING WEST ASIA CONFLICT.
🚨 Top IPO News – Last Week 📊🔥
🏦 SBI Mutual Fund IPO
📄 DRHP officially filed — one of the biggest AMC IPOs in the making 📈
📡 Reliance Jio IPO
🚀 DRHP likely in 2–3 weeks | 💰 $100B–$120B valuation
💼 17 bankers onboard (Goldman Sachs, Morgan Stanley, Citi & more)
📊 National Stock Exchange of India IPO
🟢 Intermediaries finalized
💼 20 merchant bankers appointed — mega IPO loading!
🛒 Flipkart IPO Update!
🇮🇳 Holding company shifted to India — key step toward 2027 IPO plans 🚀
✈️ MakeMyTrip IPO Buzz
🔄 Restructuring underway — RedBus merged into India entity
SPOT SILVER FALLS OVER 5%
#RupeeAtRecordLow | #Rupee opens at a record low of 93.83/$ vs Friday’s close of 93.71/$
*Persistent Systems:* Company appoints HS Abhyankar as executive VP & global head of Pvt equity services (Neutral)
*Sula Vineyards:* Company announces the re-appointment of Mr. Rajeev Samant as Managing Director & CEO for 3 years. (Neutral)
*HDFC Bank:* ET Sources say HDFC Bank asks 3 senior executives to leave amid AT1 Probe (Neutral)
*City Union Bank:* Expands Network with 3 New Branches (Neutral)
*Bank Of Baroda:* Bank launches UPI-linked credit line for women SHGs in digital push. (Neutral)
*Delhivery:* Company receives NCLT approval for merger of spoton logistics private limited and spoton supply chain solutions private limited; effective from April 1, 2025 (appointed date) (Neutral)
*Patel Retail:* Company hits 50-Store Milestone with New Mumbai Location. (Neutral)
*Divi’s Laboratories:* Company has received a Draft Assessment Order from the Income Tax Authority for FY2022-23. The order proposes additions/disallowances of ₹570.51 Cr to the returned income, primarily due to Transfer Pricing adjustments (Neutral)
*IDBI Bank:* Government may consider raising OFS option for raising public float. (Neutral)
*GE Vernova T&D:* Company reappoints Sandeep Zanzaria as MD, CEO for 3 years (Neutral)
*M M Forgings:* Board to meet on Mar 25 to consider fund raise via QIP. (Neutral)
*Infosys:* Company has launched an AI-powered race centre in collaboration with Formula E. (Neutral)
*Balkrishna Industries:* Company has received a tax demand of Rs. 52 crore from the Mumbai tax body. (Neutral)
*Vikram Solar:* Company has appointed Sameer Nagpal as its new CEO. (Neutral)
*Sona BLW:* Company has approved a capex of Rs. 62.2 crore for gear capacity enhancement. (Neutral)
Circuit filter change from 20% to 10%: Websol Energy. (Neutral)
List of stocks excluded from ASM Framework: FACT (Neutral)
List of stocks included in the short term ASM Framework: IDBI Bank. (Neutral)
*Kilitch Drugs India Ltd* Ex-Date Tomorrow, Bonus issue 1:1 (Neutral)
*Castrol India Ltd* Ex-Date Today, Final Dividend – Rs. – 5.25 (Neutral)
*India Glycols Ltd* Ex-Date Today, Interim Dividend – Rs. – 7.50 (Neutral)
*Power Finance Corporation Ltd* Ex-Date Today, Interim Dividend – Rs. – 3.25 (Neutral)
*TIL Ltd* Ex-Date Today, Right Issue of Equity Shares (Neutral)
*Elgi Equipments:* Company reports constraints in LPG availability. Company says operations continuing but potential risks to manufacturing output in coming weeks (Negative)
*SBI:* Bank gets Rs 6,337 crore tax demand from IT Department for AY24. (Negative)
*Stocks in News*
*DCX Systems:* Company secures major Rs 563.45 crore order for airborne maritime patrol radar (Positive)
*Ceigall India:* Company’s subsidiary emerged as the L1 bidder for Rs 603 crore NHAI infrastructure project in Punjab (Positive)
*Railtel:* Company bags order worth Rs 160 crore from Prasar Bharti. (Positive)
*Eris Lifesciences:* Company launches generic semaglutide under brand ‘Sundae’ in India (Positive)
*Wipro:* Company launches AI-DC solution to accelerate enterprise-scale AI adoption (Positive)
*Tulsyan NEC:* Company has secured 60 MW round-the-clock power supply order to Tamil Nadu Power Distribution Corporation Limited (TNPDCL) (Positive)
*PVR Inox:* Company opens 4-screen multiplex at Agra, Uttar Pradesh (Positive)
*Tata Power:* Company & Gujarat Cabinet approves supplementary PPA for Mundra Power Plant (Positive)
*Devyani International:* Company board approves investment of Thai Baht 1.21 bn in Restaurants Development Co. (Positive)
*Veerhealth Care:* Company bags landmark Rs 5.50 crore order for personal care products (Positive)
*Crompton Greaves:* Company has launched a new product, Energion Elevate, in the Energion. (Positive)
*Kiri Industries:* Company expands into Copper & Fertilizers with Major ₹8,100 Crore Project (Positive)
*HFCL:* Board Meeting on March 25, 2026, to consider raising funds via preferential issue of warrants convertible into equity shares to promoter(s)/promoter group entities (Positive)
*Simplex Castings:* Company has secured ₹41.38 Crore Orders from Major Industrial Players (Positive)
*Patel Engineering:* Company gets LoA worth ₹230.7 cr from Dorjilung Hydropower, Bhutan. (Positive)
*Tata Power:* India’s Gujarat clears new Tata Power deal to resume long‑term supply. (Positive)
*Zydus Life:* Company launches semaglutide injection in reusable multi-dose pen device, upon patent expiry in India (Positive)
*Glenmark Pharmaceuticals:* Company launches GLIPIQ®️ (semaglutide) in India setting a new benchmark in affordability for GLP-1 therapy (Positive)
*Sun Pharma:* Company launches its semaglutide injection under the brand names, noveltreat and sematrinity in India. (Positive)
*NBFCs:* Government approves Rs 20k Cr credit guarantee scheme to MFI (Positive)
*Vindhya Telelinks:* Board approves merger of Birla Cable with company (Positive)
*Dr. Reddy’s Lab:* Company launches India’s first DDGI-approved semaglutide injection Obeda. (Positive)
*Alkem Lab:* Company receives DCGI nod for manufacturing & marketing of Type 2 diabetes semaglutide injection in India (Positive)
*Torrent Pharma:* Company launches oral and injectable formulations of semaglutide (Positive)
*Kirloskar Ferrous:* Resumes ops of moulding line at Solapur Plant (Positive)
*Jindal Poly Films:* Monet Securities bought 8.45 lk shares for Rs. 1,028 per share (Positive)
*Transworld Shipping Lines:* Company signs MOA to sell vessel ‘M.V. SSL Krishna’ to Avana Logistek Ltd for USD 11.90 million (Positive)
*RITES:* Company gets LoI from RDSO for Rs 106 Cr contract (Positive)
*IOL Chemicals:* NCVI Enterprises bought 4.04 lk shares (Positive)
*IRB Infrastructure:* IRB Holding bought 24 lk shares (Positive)
*Maharashtra Seamless:* Global Jindal Fin-Invest bought 87,400 shares, Odd & Even Trades & Finance bought 3.09 lk shares (Positive)
*Gujarat Alkalies:* Gujarat Narmada Valley Fertilizers and Chemicals bought 2.71 lk shares (Positive)
*Omaxe:* Company subsidiaries secure RERA approvals for residential projects in Punjab & Uttar Pradesh, enabling sales launch and strengthening credibility (Positive)
*Ashok Leyland:* Company approves investment up to GBP 30M in Optare Plc UK subsidiary (Neutral)
*Torrent Power:* Company subsidiary acquires 100% stake in Onix-One Enersol for green energy expansion. (Neutral)
*Sandhar Technologies:* Company investment of Euro 915,000 in Sandhar Technologies Barcelona. (Neutral)
*Tata Motors PV:* Company to hike passenger vehicle prices by 0.5% from April 1 (Neutral)
IRGC: IF TRUMP TARGETS IRAN’S ENERGY FACILITIES, STRAIT OF HORMUZ WILL BE COMPLETELY SHUT DOWN
|
Read More article like this on vivekananda-college.org
