News Overview

The Supreme Court, accepting DMRC’s curative petition, reversed its ruling on April 10, which had stated that DMRC owed approximately ₹8,000 Crore to Delhi Airport Metro Express Pvt Ltd (DAMEPL), a company under Reliance Infrastructure.

Sun Pharma disclosed this classification status in an exchange filing following an inspection conducted from December 4 to 15, 2023.

CAMSPay reached a milestone in March 2024 by registering more than 1.2 million UPI Autopay mandates.

Previously, CreditSights stated that the planned demerger of its other businesses might attract significant opposition from minority shareholders.

Indian Railways has increased its locomotive production target for FY25 by 27% to 1,500 units, maintaining this target through FY27.

The company announced the launch of the drug-free non-invasive migraine management wearable device, Nerivio, in Germany through its step-down subsidiary, betapharm.

The power generated from this project will be utilized internally for the manufacturing facilities at Budhni, contributing to the reduction of the company's carbon footprint.

This move is part of L&T's strategy to exit non-core businesses, reducing exposure to asset-heavy developmental projects to enhance return on equity (RoE).

Despite the downturn in benchmark indices, the broader market demonstrated strength, with the BSE Midcap index rising by 0.37% and the BSE SmallCap index by 0.29%.

SIP flows did not cross ₹20,000 Crore in March, but was still the best month on record.