Share Market News

Markets closed sharply lower as rising oil prices and the ongoing Iran conflict hurt investor sentiment. Along with the primary indices, broader indices also closed lower.

Muthoot Fincorp has launched a ₹600 crore NCD issue offering yields of 8.70%–9.10%, with the subscription window open from 13 March to 23 March.

NSE has appointed Morgan Stanley, Citibank, Kotak Mahindra Capital Company and 17 others as its merchant bankers for the proposed IPO.

HCLTech has expanded its partnership with Google Cloud to develop agentic AI solutions for enterprises. The collaboration will combine Gemini-based tools, cloud transformation work, and sector-specific deployments across business operations.

Innovision IPO lowers its price band to ₹494–₹519, extends the closing date to 17 March, and sees 32% subscription by Day 3 of bidding.

SEBI has proposed changes to simplify the process of transferring securities to legal heirs after an investor’s death. The regulator also suggested higher limits for simplified documentation and faster claim processing.

Max Financial Services’ board has approved raising up to ₹2,000 crore through a Qualified Institutional Placement (QIP). The funds will primarily support Axis Max Life Insurance’s growth and expansion.

Food delivery platforms Swiggy and Zomato could see slower order growth as restaurants face a shortage of commercial LPG cylinders. Several eateries have reduced menu options or temporarily halted operations due to limited fuel availability.

Amazon has begun a 90-day “code safety reset” after outages linked to AI-generated code disrupted customer orders. The company will tighten approvals and testing for software updates across its critical retail systems.

The National Company Law Tribunal (NCLT) has cleared the merger of Milk Mantra with Hatsun Agro. The order sets 1 April 2025 as the designated effective date for the amalgamation..

The US has launched a Section 301 investigation covering India and around 15 economies, examining trade practices and global manufacturing overcapacity.

SBI Fund Management Pvt. Ltd, the asset management arm of State Bank of India, is preparing to file a DRHP for its proposed IPO by the end of March. The issue, expected to be around ₹13,000 crore, will be entirely an offer for sale by existing shareholders, including SBI and Amundi.