FY26 #TaxCollectionData;
👉Net Direct Tax Up 7.2% YoY At 22.80 Lk Cr As On Mar 17
👉Gross Direct Tax Up 4.9% YoY At 27.14 Lk Cr As On Mar 17
PURAVANKARA
CO SUBSIDIARY SECURES MAHARERA REGISTRATION FOR LAUNCH OF TOWER D IN ‘PURVA PANORAMA’ PROJECT
MAZAGON DOCK SHIPBUILDERS: CO SIGNS USD 39M CONTRACT WITH SHIPPING CORPORATION OF INDIA FOR METHANOL DUAL FUEL PSV CONSTRUCTION
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India’s Power Sector Emerges as New Growth Engine
Transformation Journey
– India’s electricity ecosystem has shifted from power shortages to surplus capacity over the past decade.
– Total generation surged from ~1,020 BU (FY14) to ~1,830 BU (FY25).
– Per capita consumption rose from 957 kWh to 1,460 kWh, driven by improved access and rising demand.
Infrastructure & Efficiency Gains
– Transmission expansion and schemes like Saubhagya and Deen Dayal Upadhyaya Gram Jyoti Yojana enabled near-universal electrification.
– AT&C losses reduced sharply, while peak demand hit ~250 GW, reflecting robust economic momentum.
– One Nation, One Grid, One Frequency ensures seamless integration and reliability.
Renewable & Future Focus
– Renewable capacity scaled rapidly with solar, wind, and green hydrogen initiatives.
– Push for energy storage (batteries + pumped storage) and nuclear expansion targeting ~100 GW by 2047.
– Digital reforms like Revamped Distribution Sector Scheme (RDSS) boost efficiency and accountability.
Demand Drivers
– Surging power needs from AI, data centres, and industrial growth.
– India emerging as a global clean energy hub with cross-border trade and regional collaboration.
Key Takeaway:
India’s power sector is powering economic growth with surplus capacity, renewable push, and efficiency reforms, positioning the country as a clean energy leader.
NEWS FLASH
Government of India to hold inter ministerial pc at 3 PM today
Senior Officers from Ministry of Petroleum & Natural Gas, Ministry of External Affairs
Ministry of Information and Broadcasting and Ministry of Shipping to hold PC
Briefing on recent developments in West Asia
Today’s #TOP10
1. BAJAJ FINANCE – RBI SOURCES NO PLAN TO CAP TENURES
2. TATA STEEL – BIZ UPDATES
3. WIPRO | HEXAWARE – AI RELATED ANNOUNCEMENTS
4. SHREE CEMENT – PREFERRED BIDDER
5. AUROBINDO PHARMA – USFDA
6. VARUN BEVERAGES – AFRICAN ACQUISITION
7. SWAN DEFENCE – PROMOTER SELLING – OFS TODAY
8. CLEAN MAX – RESULTS
9. URBAN COMPANY – SBI MF BUYS
10. OMCs – CRUDE BASKET SWELLS – IOC + BPCL + HPCL
SPICEJET
HC GIVES CO 4 WEEKS TO DEPOSIT RS 1.45B RS IN MARAN ARBITRATION CASE
NSE SAYS WE WILL LAUNCH BRENT CRUDE AND NATURAL GAS CONTRACTS SOON : CNBC INTERVIEW
PVRInox In Focus:
Dhurandhar2 has crossed ₹200 cr gross in advance sales, as per Sacnilk
Becomes only the 5th Indian movie ever to do so, joining the likes of MegaBlockbusters-Pushpa 2, RRR, Bahubali 2 & Leo
It is the first ever #Bollywood movie to do so
CABINET APPROVES SMALL HYDRO POWER SCHEME IN TODAY’S MEETING
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NATCO PHARMA: CO BOARD TO CONSIDER DEMERGER OF AGROCHEMICALS DIVISION INTO WHOLLY OWNED SUBSIDIARY NATCO CROP HEALTH SCIENCES LIMITED
BASF TO HIKE SOME PRICES BY UP TO 30% OR MORE AS ENERGY, MATERIALS COSTS SOAR
💰 TOP 20 INDIAN COMPANIES WITH MOST CASH ON HAND 💰
(Amount in ₹ Crore)
1. Tata Consultancy Services (TCS) – ₹61,521 Cr
2. Wipro – ₹57,395 Cr
3. HCL Technologies – ₹32,706 Cr
4. Bharti Airtel – ₹27,680 Cr
5. Infosys – ₹26,826 Cr
6. LTIMindtree – ₹14,067 Cr
7. Muthoot Finance – ₹10,805 Cr
8. Godrej Properties – ₹10,626 Cr
9. Mahindra & Mahindra Financial – ₹7,743 Cr
10. Vodafone Idea – ₹7,311 Cr
11. ABB India – ₹5,835 Cr
12. Biocon – ₹5,558 Cr
13. IIFL Finance – ₹5,282 Cr
14. PI Industries – ₹3,565 Cr
15. DEN Networks – ₹3,279 Cr
16. Polycab India – ₹3,131 Cr
17. IndiaMART InterMESH – ₹2,894 Cr
18. Lodha Developers – ₹2,810 Cr
19. SBI Cards & Payment Services – ₹2,507 Cr
20. Capri Global Capital – ₹2,386 Cr
India’s Booming Defense Exports
🇮🇳 FY 2016-17 — ₹1,522 Crore
🇮🇳 FY 2018-19 — ₹10,746 Crore
🇮🇳 FY 2021-22 — ₹12,815 Crore
🇮🇳 FY 2022-23 — ₹15,918 Crore
🇮🇳 FY 2023-24 — ₹21,803 Crore
🇮🇳 FY 2024-25 — >₹24,000 Crore
India’s defense exports have skyrocketed 14x since 2017, targeting ₹50,000 crore by 2029.
Corporate Actions
Dividend
18-Mar-26
BANCOINDIA: Interim Dividend – Rs. – 8.00
MIDHANI: Interim Dividend – Rs. – 0.85
20-Mar-26
BLIL: Interim Dividend – Rs. – 2.03
KAMAHOLD: Interim Dividend – Rs. – 23.20
RECLTD: Interim Dividend – Rs. – 3.20
23-Mar-26
CASTROLIND: Final Dividend – Rs. – 5.25
IPO
GSP Crop Science: Open: 16-Mar-26; Close: 18-Mar-26
Central Mine Planning & Design Institute: Open: 20-Mar-26; Close: 24-Mar-26
Buyback
Puretrop Fruits: Ex-Date: 10-Apr-26
Bonus Issue
Metropolis Healthcare: Bonus Issue 3:1; Ex-Date: 20-Mar-26
RM Drip and Sprinklers System: Bonus Issue 5:7; Ex-Date: 10-Apr-26
Stock Split
Manbro Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 25-Mar-26
V2 Retail: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 25-Mar-26
PVV Infra: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 27-Mar-26
Right Issue
Maha Rashtra Apex Corporation: Ex-Date: 20-Mar-26
Bhandari Hosiery Exports: Open: 06-Mar-26; Close: 20-Mar-26
Enbee Trade & Finance: Open: 12-Mar-26; Close: 20-Mar-26
Healthcare Global Enterprises: Open: 11-Mar-26; Close: 25-Mar-26
BCC Fuba India: Open: 19-Mar-26; Close: 27-Mar-26
Prabha Energy: Open: 20-Mar-26; Close: 27-Mar-26
Supra Pacific Financial Services: Open: 20-Mar-26; Close: 27-Mar-26
5paisa Capital: Open: 27-Mar-26; Close: 10-Apr-26
*WHAT HAPPENED OVERNIGHT*
-> SPX +0.25%, Nasdaq +0.47%
-> Brent Oil +3.4% to $103.66
-> UST 10y yield lost 2 bps to 4.19%
-> Dollar Index -0.16% to 99.55
-> War in Iran showed no signs of slowing
-> Trump criticized NATO members over their reluctance to support US efforts in Iran
-> Trump expects Xi summit in ‘5/6weeks’ as war rages
STOCKS WATCHLIST: Mar 18
Positives
– Adani Ent: NCLT okays Jaiprakash takeover.
– Varun Beverages: Acquires Crickley Dairy ₹131 Cr.
– Clean Max: Strong Q3 results.
– HCL Tech/Religare: Promoter buying.
– Urban Co: SBI MF scoops 4% stake.
– Ceigall/AB Infra/CESC: Fresh orders.
– Strides Pharma: Arm buys Sandoz generic brands.
– Shree Cement: Wins AP limestone block.
– Tata Steel: Neelachal merger approved.
– Wipro/Hexaware: AI partnerships.
Negatives
– Aurobindo: USFDA flags Bhiwadi plant (9 obs).
– Kirloskar Ferrous/Bros/Dee Dev: LPG disruption hits ops.
– Swan Defence: Promoter OFS 5% stake.
– Anand Rathi: ₹13 Cr shares fraud probe.
– JK Cement: Arm gets packaging halt notice.
– HMA Agro: Fake website warning.
Key Takeaway: Infra/pharma deals dominate; regulatory/LPG risks linger.
STOCKS WATCHLIST
Positive
Adani Enterprises-NCLT approves takeover of Jaiprakash Associates
Varun Beverages-To acquire Crickley Dairy for Rs 131cr
Clean Max Enviro-Strong Q3
HCL Tech, Religare-Promoter buying
Urban Co-SBI MF acquires 4% stake
Ceigall, AB Infrabuild, CESC-Order wins
Strides Pharma-Arm acquires multiple generic brands from Sandoz
Shree Cement-Preferred bidder for limestone block in Andhra Pradesh
Tata Steel-Board approves merger of Neelachal Ispat Nigam
Wipro, Hexaware-AI tie-ups
NEGATIVES
Aurobindo Pharma-Arm receives 9 observations from USFDA for Bhiwadi plant
Kirloskar Ferrous, Kirloskar Brothers, Dee Development Engineers-Operations impacted by LPG disruption/export impact
Swan Defence: Promoter to sell 5% stake via OFS
Anand Rathi Share and Stock Brokers-Fraud involving the off-market transfer of shares worth Rs 13 crore.
JK Cement-Arm receives a notice from the J&K Legal Metrology Department to halt certain packaging activities; the company has sought an extension to respond.
HMA Agro Industries: The company warns against a fraudulent website mimicking its official identity to mislead international buyers.
Godrej Properties : Co. Acquires 20-Acre Land in Bengaluru
• 🏗️ Strategic Acquisition: Buys ~20-acre land parcel near Whitefield, Bengaluru.
• 💰 Revenue Potential: Project estimated to generate ~₹1,350 Cr revenue.
• 🏘️ Project Plan: To develop premium residential project.
• 📍 Prime Location: Situated in high-growth Whitefield micro-market with strong demand.
• 🚇 Connectivity Boost: Close to metro & major corridors, enhancing attractiveness.
🟢 Impact: Positive
Strengthens project pipeline, future revenue visibility, and Bengaluru market presence.
LTIMindtree : LTM Wins NVIDIA ‘Rising Star Partner of the Year’ at GTC 2026
• 🤝 Strategic Recognition: Honoured by NVIDIA Partner Network (NPN) for AI collaboration
• 🤖 AI Capabilities Boost: Strong positioning in enterprise AI & scalable solutions
• 🌍 Global Ecosystem: Deep integration with NVIDIA’s AI innovation ecosystem
• 📈 Growth Momentum: Highlights traction in AI-led digital transformation deals
• 🏢 Enterprise Focus: Driving shift from AI pilots to production-scale deployments
🟢 Impact: Positive
Strengthens AI credentials, global positioning, and deal pipeline visibility for LTM.
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