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Board of Indian Renewable Energy Deve. Agency recommends interim dividend

Board of Indian Renewable Energy Deve. Agency recommends interim dividend

by | Mar 25, 2026 | Share Market


Last Updated : Mar 25 2026 | 5:50 PM IST

Of Rs 0.6 per share

Indian Renewable Energy Deve. Agency announced that the Board of Directors of the Company at its meeting held on 25 March 2026, inter alia, have recommended the interim dividend of Rs 0.6 per equity Share (i.e. 6%) , subject to the approval of the shareholders.

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First Published: Mar 25 2026 | 5:50 PM IST



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Board of Indian Renewable Energy Deve. Agency recommends interim dividend

INR settles near record low levels as ongoing tensions in West Asia keep investors on the edge

by | Mar 25, 2026 | Share Market


Last Updated : Mar 25 2026 | 5:50 PM IST

The Indian rupee slumped 24 paise to close around record low of 93.99 (provisional) against the US dollar on Wednesday as heavy FII outflows and ongoing tensions in West Asia kept investors on the edge. Even a drop in global crude oil prices, weaker greenback, and positive sentiments in the domestic equity markets could not provide any respite to the local unit. The dollar index remained below the ten-month highs reached earlier this month, as traders weighed the prospects of a potential de-escalation in the conflict with Iran. At the interbank foreign exchange, the local unit opened at 93.94 against the US dollar and traded in the range of 93.86-94.13. Indian equities rallied sharply today, as the Nifty 50 surged 1.72% to 23,306.45 and the Sensex rose 1.63% to 75,273.46, driven by easing oil prices and potential Middle East de-escalation hopes..

 

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First Published: Mar 25 2026 | 5:50 PM IST



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Board of Indian Renewable Energy Deve. Agency recommends interim dividend

Global Health closes in the green on proposal to establish 400-bed hospital in Varanasi

by | Mar 25, 2026 | Share Market


Global Health gained 3.83% to end at Rs 1011.40 after the company announced its plan to set up a 400-bed multi-specialty hospital in the heart of Varanasi.

The board of directors of the company, at the meeting held today, approved the execution of definitive agreements to enter into a built-to-suit and lease arrangement, with Shripal Hospitality and others, to establish a super speciality hospital in Varanasi.

Under this arrangement, the civil infrastructure of the hospital will be developed by the partner in line with Medantas specifications, while Medanta will undertake investments towards interior services, fit outs and medical equipment.

The total investment by Medanta is estimated at approximately Rs. 550 crore.

 

The proposed hospital will be developed on a strategically located freehold land parcel in central Varanasi and is expected to cater to a population base of over 4 million in the city and adjoining regions.

The hospital will deliver advanced clinical care through a combination of world-class medical expertise, cutting-edge technology, and a comprehensive multi-specialty offering.

This expansion marks a continued commitment by Medanta to deepen its presence in Uttar Pradesh, following the successful establishment of its 950-bed flagship hospital in Lucknow and recently inaugurated 550-bed hospital in Noida.

Global Health is one of the largest private multi-specialty tertiary care providers operating in the North and East regions of India.

On a consolidated basis, Global Health’s net profit declined 33.51% to Rs 95.02 crore while net sales rose 18.83% to Rs 1121.05 crore in Q3 December 2025 over Q3 December 2024.

Recently, a domestic brokerage maintained a ‘buy rating on the stock and set a target price of Rs 1,382.

The brokerage cited improving earnings visibility, margin expansion tailwinds and a more reasonable valuation backdrop as key drivers for its positive stance. The research house expects the company’s revenue, EBITDA and profit after tax to grow at a CAGR of 14%, 26% and 32%, respectively, over FY26 to FY28.

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Sebi proposes IT resilience index for market infrastructure institutions

Sebi proposes IT resilience index for market infrastructure institutions

by | Mar 25, 2026 | Share Market


Sebi said the move seeks to create a uniform set of metrics and weightages that would allow comparisons across institutions while improving internal governance and risk monitoring.

2 min read Last Updated : Mar 25 2026 | 10:45 PM IST

The Securities and Exchange Board of India (Sebi) on Wednesday proposed a framework to introduce an IT Resilience Index (ITRI) for market infrastructure institutions (MIIs), including stock exchanges, clearing corporations, and depositories, aimed at strengthening oversight of critical technology systems.

 


In a consultation paper released on March 25, the regulator said the proposed index would provide a standardised, system-driven measure of the health and robustness of IT systems, enabling MIIs to track performance over time and identify gaps.

 


Sebi said the move seeks to create a uniform set of metrics and weightages that would allow comparisons across institutions while improving internal governance and risk monitoring.

 
 


“The IT systems of MIIs are the cornerstone of their smooth and uninterrupted functioning,” Sebi noted, adding that an index-based approach would give management and oversight committees actionable insights into system resilience.

 

As per the draft framework, the ITRI will be computed using multiple parameters, such as availability, security, integrity, governance, and business continuity. 


MFs’ intraday borrowing norms deferred to July 15 


The Securities and Exchange Board of India (Sebi) has deferred the implementation of guidelines on intraday borrowings by mutual funds to July 15, 2026, following operational concerns flagged by the industry. In a circular issued on Wednesday, the regulator said the revised timeline applies specifically to provisions related to intraday borrowings that were introduced earlier this month as part of a broader framework governing borrowing by mutual funds.

 

First Published: Mar 25 2026 | 5:41 PM IST



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Rupee closes near record low, RBI intervention blunts outflow pressure

Rupee closes near record low, RBI intervention blunts outflow pressure

by | Mar 25, 2026 | Share Market



The Indian rupee weakened slightly on Wednesday but held off pressure from dollar demand linked to ​maturing non-deliverable forwards and foreign portfolio outflows, as ​the central bank intervened to support the currency.


The rupee hovered near ‌its record low of 93.98 per dollar through the session before closing at 93.9775, down 0.1%.


Indian stocks rose after Brent crude fell below $100 a barrel, but the rupee struggled to benefit as interbank traders and importers bought dollars.


A series of NDF maturities, including Wednesday’s, is expected to keep the rupee under pressure over the next week, a trader at a private bank said.

 


Indian stocks rose with the Nifty 50 up about 2% as investors took cues from ‌reports that the US had proposed a month-long ceasefire and sent a 15-point plan to Iran.


Equities in Asia and Europe were higher as well while futures pointed to a strong start for stocks on Wall Street, signalling an improvement in risk appetite which had been otherwise battered by worries over the conflict.


Among currencies, the dollar index was a ​tad higher at 99.3 while Asian FX was mostly rangebound.


Mixed signals from Washington and Tehran ‌though have also injected caution in traders’ minds.


Israel and Iran exchanged airstrikes on Wednesday, as Iran’s military rejected President Donald Trump’s ​assertion ‌the US was in negotiations to end the war, saying the US is ‌negotiating with itself.


“We are not geopolitical experts, but we would have thought Iran would have maximum leverage of high energy prices going ‌into ​any negotiation. Thus, ​it is probably too early to expect any big drop in energy prices or a much softer dollar this week,” analysts ‌at ING said ​in a note.


 



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Board of Indian Renewable Energy Deve. Agency recommends interim dividend

Amir Chand Jagdish Kumar (Exports) IPO subscribed 1.47 times

by | Mar 25, 2026 | Share Market


The offer received bids for 2.77 crore shares as against 1.89 crore shares on offer.

Amir Chand Jagdish Kumar (Exports) received bids for 2,77,21,680 shares as against 1,89,05,270 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (25 March 2026). The issue was subscribed 1.47 times.

The issue opened for bidding on 24 March 2026, and it will close on 27 March 2026. The price band of the IPO is fixed between Rs 201 and 212 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof.

The IPO consists entirely of a fresh issue of equity shares worth up to Rs 440 crore. The objectives for the fresh issue include Rs 400 crore for funding working capital requirements and the remaining amount for general corporate purposes.

 

The promoters are Jagdish Kumar Suri, Rahul Suri, and Ramnika Suri. The promoters and promoter group hold an aggregate of 8,15,80,500 equity shares, aggregating to 98.53% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 78.78%.

Amir Chand Jagdish Kumar (Exports) is a processor and exporter of basmati rice and other FMCG products, with fully integrated operations across the rice value chain, including procurement, processing, and distribution. The companys portfolio is led by basmati rice, complemented by other rice varieties and staple FMCG products such as aata, maida, sooji, besan, salt, and sugar, marketed under its flagship Aeroplane brand and over 40 sub-brands. It has a strong domestic and international presence, exporting to over 38 countries, supported by a wide distribution network of more than 400 distributors in India and overseas. The rice segment contributes the majority of revenue, with a dominant share in overall sales, while the company continues to focus on expanding its distribution reach, strengthening brand presence, and scaling operations.

Ahead of the IPO of Amir Chand Jagdish Kumar (Exports) on 23 March 2026, the company raised Rs 60 crore from anchor investors by allotting 28.30 lakh shares at Rs 212 each to 3 anchor investors.

For the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 48.65 crore and sales of Rs 1,021.25 crore.

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