RBI caps banks' NOP-INR exposure at $100 million

RBI caps banks' NOP-INR exposure at 0 million

RBI caps banks' NOP-INR exposure at $100 million

by Hansraj Agrawal | Mar 28, 2026 | Share Market

Last Updated : Mar 28 2026 | 11:50 AM IST

The Reserve Bank of India has directed authorised dealers to maintain their Net Open Position in Rupee (NOP-INR) within a limit of $100 million at the end of each business day.

The instruction, issued on 27 March 2026, applies to positions in the onshore deliverable foreign exchange market. Authorised dealers have been asked to comply with the requirement by 10 April 2026.

NOP-INR refers to the net exposure of banks to movements in the rupee. The measure places a restriction on the extent of open currency exposure that banks can maintain. By capping NOP-INR positions, the central bank aims to contain excessive build-up of open positions in the rupee, moderate risks arising from currency fluctuations, and support orderly conditions in the foreign exchange market.

The Reserve Bank of India may prescribe such limits under its Master Direction on Risk Management and Inter-Bank Dealings, depending on market conditions.

The Indian rupee breached the 94 mark against the US dollar for the first time, ending at a record low of 95.09 per Dollar on Friday (27 March 2026), versus its previous close of 94.2800 per Dollar on Wednesday.

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First Published: Mar 28 2026 | 11:50 AM IST

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Pharmaids Pharmaceuticals announces divestment of step-down subsidiary

by Hansraj Agrawal | Mar 28, 2026 | Share Market

Last Updated : Mar 28 2026 | 11:04 AM IST

Pharmaids Pharmaceuticals announced the disinvestment/sale of shareholding in Siri Labvivo Diet (the company’s step-down subsidiary) by Adita Bio Sys (the company’s material subsidiary).

Consequent to the completion of the above transaction, Siri Labvivo Diet has ceased to be a subsidiary of Adita Bio Sys and accordingly, has also ceased to be a step-down subsidiary of the Company with effect from 27 March 2026.

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First Published: Mar 28 2026 | 11:04 AM IST

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Sammaan Capital receives regulatory approvals for investment from Avenir Investment RSC

by Hansraj Agrawal | Mar 28, 2026 | Share Market

Last Updated : Mar 28 2026 | 10:50 AM IST

Sammaan Capital announced that all regulatory approvals have now been received with respect to the proposed acquisition of controlling stake in Sammaan Capital by Avenir Investment RSC (Investor), which is owned and controlled by International Holding Company PJSC (proposed transaction). The Company and the Investor are now engaged to conclude the proposed transaction at the earliest.

Pursuant to the proposed transaction, the Investor proposes to invest an aggregate amount of approximately Rs 8,849.99 crore by way of the preferential issue. Upon completion of the preferential issue, the Investor shall hold approximately 41.2% of the paid-up equity share capital of the Company. Further, upon completion of the preferential issue and the open offer, and assuming full uptake in the open offer, the Investor shall hold approximately 63.3% of the paid-up equity share capital of the Company.

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First Published: Mar 28 2026 | 10:50 AM IST

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Atishay bags contract worth Rs 5.49 cr from DCO Madhya Pradesh

by Hansraj Agrawal | Mar 28, 2026 | Share Market

Last Updated : Mar 28 2026 | 10:31 AM IST

Atishay has secured a Letter of Award from the Directorate of Census Operations (DCO), Madhya Pradesh (Authority) for the Procurement of Enumerators’ and Supervisor’s Kits, for DCO Madhya Pradesh, for the first phase i.e. House Listing Operations (HLO) of Census 2027.

The total contract value of the said work order is Rs 5.49 crore inclusive of applicable GST. The order is to be executed and completed within a period of 25 days from the date of the Letter of Award, in accordance with the terms and conditions specified therein.

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First Published: Mar 28 2026 | 10:31 AM IST

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Thermax Babcock & Wilcox Energy Solutions bags boiler package order worth Rs 1,600 cr

by Hansraj Agrawal | Mar 28, 2026 | Share Market

Last Updated : Mar 28 2026 | 10:16 AM IST

Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has secured a boiler package supply order valued at approximately Rs. 1,600 crore from a leading thermal power projects company in Central India for a 1×800 MW ultra supercritical thermal power plant.

The scope of work includes manufacturing, supply, supervision of installation and commissioning, as well as performance testing of the boiler package. Execution will be aligned with project milestones and delivery schedules as defined in the contract.

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First Published: Mar 28 2026 | 10:16 AM IST

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GAIL (India) announces cessation of directors

by Hansraj Agrawal | Mar 28, 2026 | Share Market

Last Updated : Mar 28 2026 | 10:16 AM IST

With effect from 28 March 2026

GAIL (India) that consequent upon completion of tenure of following Non-Official Independent Director(s) on 27 March 2026 appointed by MoP&NG, Government of India, they ceased to be the Director on the Board of the Company w.e.f. 28 March 2026:

1. Akhilesh Jain
2. Sanjay Kashyap
3. Kangabam Inaocha Devi
4. Yajurvendra Anil Mahajan

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First Published: Mar 28 2026 | 10:16 AM IST

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