Market News

PSU banks in India are struggling to recover nearly ₹29 lakh crore from large defaulters. The data comes even as the government says bank NPAs have fallen to a decade-low level.

Aluminium prices rose sharply after concerns that tensions in the Middle East could disrupt global supply routes. Markets are now watching shipping through the Strait of Hormuz and production levels at major Gulf smelters.

Greenko Energies is considering an IPO that could raise up to $1 billion. The potential listing comes as renewable energy stocks face pressure following the weak market debut of sector peer Clean Max Enviro Solutions.

The Uttar Pradesh government has partnered with OneOTT Intertainment to expand broadband connectivity in rural areas under Project GANGA. The initiative aims to connect over 20 lakh households and create more than 1 lakh jobs across the state.

EPFO will invest ₹1,000 crore in NHAI-backed Raajmarg Infra Investment Trust as a strategic investor. The InvIT IPO, opening 11 March, aims to raise ₹6,000 crore to acquire operational highway assets.

Max Financial plans to merge with Axis Max Life to enable direct listing by April 2027. The insurer has 81% promoter ownership and operates in India’s ₹8.4-trillion life insurance market with rising private-sector penetration.

SEBI has cleared IPO plans of Bonbloc Technologies and Milestone Gears, while also approving Eastman Auto & Power’s confidential filing.

AC prices in India may rise 5%–15% ahead of summer due to an increase in copper price, weakening of the rupee, and new energy-efficiency norms. However, demand is still expected to increase in 2026.

BSE has approached MMRDA for land in Mumbai’s Bandra Kurla Complex as part of its long-term expansion plans. The move reflects growing infrastructure needs and the importance of BKC as a financial hub.

A rise in oil prices following the ongoing conflict in the Middle East sent markets tumbling in early trade on Monday, with the Sensex plunging more than 2400 points.

Rajputana Stainless has launched its ₹255 crore IPO with a price band of ₹116–₹122 per share. The stainless-steel manufacturer plans to use the proceeds for debt repayment, capacity expansion, and general corporate purposes.

Indian markets head into 9 March after the Sensex fell 1,097 points and the Nifty dropped 315 points, with ₹21,000 crore in FPI outflows, the India VIX near 20, and oil supply disruptions pushing crude prices closer to $100 per barrel.