In company information, the bidding conflict for Welspun One has begun, with the Goenka household trying to offload at the very least part of its stake in the warehousing arm, attracting curiosity from world gamers. Reliance Industries has accomplished the acquisition of a 74% stake in Nauyaan Shipyard for ₹382.73 crore. In the meantime, Ola Electric faces scrutiny, with the Ministry of Heavy Industries directing a probe into discrepancies in gross sales and registration knowledge.
Past markets, a fire-induced energy outage pressured Heathrow Airport to cancel over 1,000 flights. In India, the Supreme Court docket clarified that Delhi Excessive Court docket’s Justice Yashwant Varma has not been transferred but, and an in-house inquiry is ongoing into unaccounted money found at his residence.
In healthcare, Eli Lilly launched its anti-weight problems drug Mounjaro in India, set to price ₹14,000–₹17,500 per thirty days. The Israel-Hamas battle escalated as Hamas fired rockets at Tel Aviv for the primary time since Israel resumed its navy offensive in Gaza.
In the meantime, US markets common SEC has issued a summons to Elon Musk in a case associated to disclosure over his stake in Twitter (now X).
Inventory Market Rally: Best week in 5 years for Midcaps, Smallcaps provides ₹22 lakh crore to investor wealth
Indian fairness markets have seen the bulls make a roaring comeback after an intense bout of promoting that pushed the benchmark Nifty 50 index into correction territory and the Midcap, Smallcap and plenty of different sectoral indices right into a bear market.
The Nifty 50 is up over 6% this week, marking its greatest week since February 2021. The Midcap index has gained over 7% up to now, whereas the Smallcap index is up 8%. Each these indices have had their greatest week since April and June of 2020 respectively.
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Return of the FIIs? Greatest purchase of 2025; Nifty, rupee hit purple patch
International institutional traders (FIIs) staged a powerful comeback in Indian equities, making their highest web buy of 2025 on Friday, March 21, with a provisional purchase tally of ₹7,470.36 crore.
This marked the third session of web shopping for by FIIs this week, reversing their promoting development. In the meantime, home institutional traders (DIIs) had been web sellers, offloading shares price ₹3,202.26 crore.
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Additionally learn: Rupee data greatest weekly acquire in over two years
Manappuram Finance shares surge over 11%, commerce above Bain Capital open provide value
Shares of Manappuram Finance Ltd. have surged as a lot as 11% on Friday, March 21, thereby hitting a document excessive in the method.
The inventory is reacting to Bain Capital buying stake in the corporate. A lot of the analysts having protection on the inventory, have raised their value targets on the gold mortgage financier.
Nevertheless, it have to be famous that shares of Manappuram Finance are in the Futures and Choices (F&O) ban, which suggests no new positions will be created in the inventory in at this time’s buying and selling session. With this transfer, the inventory is buying and selling above Bain Capital’s Open Supply value of ₹236.
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Bajaj Finance shares can hit ranges of as much as ₹11,000, 5 analysts say publish Rajeev Jain’s elevation
Most analysts having protection on shares of one in every of India’s largest non-financial institution lenders Bajaj Finance Ltd. have raised their value targets on the inventory after constructive developments relating to its outgoing MD & CEO Rajeev Jain. The inventory is already buying and selling near its all-time excessive ranges.
As many as 5 analysts having protection on Bajaj Finance count on the inventory to cross ranges of ₹10,000, with CLSA giving it its highest value goal at ₹11,000.
In an interplay with CNBC-TV18 earlier in the week, Bajaj Finserv’s Chairman and Managing Director, Sanjeev Bajaj had stated that Rajeev Jain stays very dedicated to the enterprise and his function will probably be decided by the board in a few days when the board assembly takes place.
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Reliance Industries acquires 74% stake in Nauyaan Shipyard for ₹382.73 crore
Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday (March 21) stated its step-down wholly-owned subsidiary Nauyaan Tradings Non-public Restricted (NTPL), has accomplished the acquisition of a 74% fairness stake in Nauyaan Shipyard Non-public Ltd (NSPL) from Welspun Corp Restricted for ₹382.73 crore.
“Nauyaan Tradings Non-public Restricted (NTPL), a step-down wholly owned subsidiary of the corporate has knowledgeable the corporate that it has at this time accomplished the acquisition of a 74% fairness stake in Nauyaan Shipyard Non-public Restricted (NSPL) for an combination consideration of ₹382.73 crore from Welspun Corp Restricted,” RIL stated in a inventory change submitting.
With this transaction, Nauyaan Shipyard Non-public has change into a step-down subsidiary of RIL. Previous to the acquisition, NTPL had prolonged an unsecured mortgage of ₹93.66 crore to NSPL on an arm’s-size foundation.
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Additionally learn: Bidding conflict begins for Welspun One as Goenka household seems to dump
MHI directs ARAI to probe Ola Electric over gross sales and registration knowledge mismatch
Homegrown electrical car producer Ola Electric is under regulatory scrutiny throughout the nation. The Ministry of Heavy Industries has directed the Automotive Analysis Affiliation of India (ARAI) to analyze discrepancies between the corporate’s reported gross sales figures and the variety of autos formally registered, sources instructed CNBC-TV18.
Ola Electric claims to have offered 25,000 autos in February, but the Vahan Portal, a authorities database, data solely 8,600 registrations for that month.
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SC clarifies Justice Yashwant Varma not transferred but, in-house inquiry into money discovery ongoing
The Supreme Court docket has clarified that an in-house inquiry is underway relating to the invention of unaccounted money on the residence of Justice Yashwant Varma following a fire incident final week.
The Chief Justice of the Delhi Excessive Court docket had already initiated the inquiry earlier than the Supreme Court docket Collegium met on March 20, 2025, and is about to submit his report back to Chief Justice of India (CJI) Sanjiv Khanna on March 21, 2025.
More Information right here
Heathrow airport shut after fire causes energy outage, over 1,000 flights cancelled
Over a thousand flights flying to & from London cancelled as Heathrow Airport shuts down till midnight after a fire at a close-by electrical substation prompted a big energy outage at Europe’s busiest airport. Sanjay Suri experiences.
Eli Lilly launches anti-weight problems drug Mounjaro in India; verify different weight-loss medicines with value right here
United States pharma firm Eli Lilly launched its anti-weight problems drug Mounjaro (tirzepatide) in India on Thursday. It’s priced at ₹3,500 for a 2.5 mg vial and ₹4,375 for a 5 mg vial. Because the drug is often taken as soon as a week, it could price round ₹14,000 and ₹17,500 per thirty days.
Eli Lilly launched the anti-weight problems medication as a single-dose vial after receiving advertising authorisation from Central Medicine Normal Management Organisation (CDSCO). Novo Nordisk had launched such a drug in 2022 in India.
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Israel-Hamas battle escalates as Hamas fires rockets at Tel Aviv
Tensions escalate as Hamas fires rockets at Tel Aviv for the primary time since Israel resumed its navy offensive in Gaza. The IDF has launched floor operations in Rafah and central Gaza, aiming to create a buffer zone. Over 590 individuals have been killed since combating resumed.
US markets regulator points summons to Musk over Twitter stake disclosure
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Elon Musk, the world’s richest man and a high adviser to US President Donald Trump, was issued a summons in reference to the Securities and Trade Fee’s lawsuit towards him, a courtroom submitting on Thursday confirmed.
A course of server gave the civil summons and different paperwork on March 14 to a safety guard on the Brownsville, Texas, headquarters of SpaceX, the house know-how firm of which Musk is CEO, the submitting stated. A solution is due on April 4, in accordance with the docket.
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