Morgan Stanley downgrades India to ‘equalweight’, removes Maruti from focus list
Among specific stocks, Morgan Stanley has removed Maruti Suzuki from its Asia-Pacific ex-Japan, GEM and Asia Thematic Focus List.
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Domestic LPG price hiked by ₹60; cylinder in Delhi now costs ₹913
The price of a 14.2-kg domestic LPG cylinder in Delhi has increased by ₹60, from ₹853 to ₹913, effective March 7, according to ANI.
ED raids Mumbai, Chennai firms in alleged fraud involving ‘unlisted NSE shares’
The Enforcement Directorate searched Mumbai and Chennai in a money laundering probe involving “NSE India Ltd’s unlisted shares”. Several accounts were frozen and documents seized.
BEL signs MoU with SASMOS to boost indigenous defence manufacturing
Bharat Electronics signed an MoU with SASMOS HET Technologies to boost indigenous defense manufacturing, exchanged by Manoj Jain and H G Chandrashekar, witnessed by Rajnath Singh.
Govt invokes Essential Commodities Act, directs refiners to prioritise domestic LPG supply
The government invoked the Essential Commodities Act to ensure uninterrupted LPG supply. Oil refiners must prioritize LPG production for Indian Oil, Bharat Petroleum, and Hindustan Petroleum.
UltraTech Cement to acquire over 26% stake in Sunsure Solarpark Thirty Eight
UltraTech Cement will acquire a 26.20% stake in Sunsure Solarpark Thirty Eight to source renewable power and meet captive energy requirements.
RBI approves Anup Kumar Saha’s appointment as whole-time director at Kotak Mahindra Bank
Shares of Kotak Mahindra Bank Ltd ended at ₹401.30, down by ₹6.25, or 1.53%, on the BSE.
Max Financial explores merger with Axis Max Life to enable listing
Max Financial Services plans to merge with Axis Max Life Insurance to unlock shareholder value and list AMLI on stock exchanges by April 5, 2027.
Gold, silver edge higher in global trade amid geopolitical tensions
Gold and silver prices rose in early Asian trade Friday due to safe-haven demand amid geopolitical tensions.
West Asia tensions ground IndiGo’s Europe operations
IndiGo has suspended Europe operations due to West Asia tensions and EU safety advisories. Leased Boeing 787s from Norse Atlantic Airways are grounded, affecting flights to London, Manchester, and Amsterdam.