Sammaan Capital is set to receive a significant investment as Abu Dhabi's IHC will acquire a 41.5% stake for ₹8,850 crore through its affiliate Avenir Investment RSC. The company has received an initial tranche of ₹5,652 crore with an additional ₹3,198 crore to be received within 18 months upon conversion of warrants. Meanwhile, Corona Remedies has announced the acquisition of Wokadine from Dr Reddy's Laboratories, entering the ₹648 crore povidone-iodine market. Kwality Walls has completed the acquisition of a 61.9% stake in Kwality Walls (India) under the terms of the Share Purchase Agreement with Unilever dated June 25, 2025.
Auto stocks including Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Hyundai Motor India, Ashok Leyland, Eicher Motors, Bajaj Auto, and TVS Motor will be in focus today as companies are set to announce their March 2026 sales volumes. This represents a significant quarterly update that will provide insights into the performance of India's automotive sector across multiple segments and manufacturers.
Pace Digitek has secured a ₹494.5 crore order from NTPC for comprehensive annual maintenance of the BESS system at the Nabinagar Super Thermal Power Station. Diamond Power Infrastructure has received a significant order for 66 kV Extra High Voltage cables from Gujarat Energy Transmission Company. RailTel Corporation of India has received orders worth ₹29.69 crore from Jharkhand Education Project Council and ₹21.92 crore from Jharkhand Public Service Commission. Texmaco Rail and Engineering has secured an order worth ₹357.11 crore from JSW Group for supply of BLSS, BLCS, BFNV rakes, and BVCM wagons.
InterGlobe Aviation has appointed William Walsh as Chief Executive Officer, subject to regulatory approvals, with his tenure at IATA concluding on July 31, 2026. Swaraj Engines has appointed Sanjay Kshirsagar as Chief Executive Officer (Designate) effective April 10. Cipla has seen leadership changes with Umang Vohra resigning as Managing Director and Global CEO effective April 1, while Achin Gupta has taken charge as Managing Director and Global CEO. BirlaSoft has seen multiple leadership changes including resignations of Manjunath Kygonahally and Selvakumaran Mannappan, with Vikram Puranik appointed as Chief Operating Officer effective April 1.
Coforge has received approval from the Reserve Bank of India for overseas direct investment of up to US$1 billion under FEMA rules for the Encora acquisition. Lupin has received tentative approval from the US FDA for its Abbreviated New Drug Application for Sugammadex injection. Manappuram Finance has approved a borrowing programme for FY27 including issuance of redeemable non-convertible debentures up to ₹7,400 crore via private placement and/or public issue. IREDA has signed a facility agreement to raise external commercial borrowing of JPY 28 billion from Sumitomo Mitsui Banking Corporation including a greenshoe option of JPY 12 billion.
