Corporate, Economic & Global Updates 12th March 2026 by GEPL Capital Ltd
Stocks in News
* TVS SUPPLY CHAIN: Sets up a 40,000 sq. ft warehousing facility near Chennai in a Free Trade & Warehousing Zone to support Caterpillar's global supply operations.
* DEVYANI INTERNATIONAL: The company approves the merger of three subsidiaries, Sky Gate, Blackvelvet, and Say Chefs - into Devyani International.
* HG INFRA ENGINEERING: The company receives an order worth Rs. 401 crore from Anuppur Thermal Energy for civil works in Madhya Pradesh.
* MAZAGON DOCK: Total order book as of Dec 31 stands at Rs. 23,758 crore; the company becomes the only shipyard to be conferred Navratna status.
* MINDA CORPORATION: The company has signed an agreement with Turntide to form a joint venture to develop next-generation EV powertrain solutions.
* NTPC GREEN: To begin commercial operations for 270 MW capacity of the 1,200 MW Khavda?II project on March 11.
* ASHOKA BUILDCON: The Company declares February 28 as the commercial operation date for a 2.7 km stretch of an NHAI project; its SPV receives provisional certification for completing a 52.9 km stretch.
* BRIGADE ENTERPRISES: Enters the industrial real?estate segment with the launch of a 25?acre industrial project in Bengaluru.
* DEVYANI INTERNATIONAL: The company approves the merger of three subsidiaries, Sky Gate, Blackvelvet, and Say Chefs - into Devyani International.
* OLA ELECTRIC: Launches Champions Edition of S1 Pro+ and Roadster X+, available only until end?April.
Economic News
* Govt set to launch new version of PM KUSUM scheme focusing on agri solar PV component: The government is preparing to launch PM-KUSUM 2.0, a new version of the scheme aimed at boosting renewable energy in agriculture. This initiative will enable farmers to generate electricity while cultivating crops on the same land, with a dedicated 10 GW agri-PV component planned. The updated scheme is expected to feature higher targets and an increased outlay.
Global News
* Japan wholesale inflation cools to 2% in February, but rising oil prices and weak yen may revive price pressures and complicate the Bank of Japan’s rate-hike path: Japan’s wholesale inflation slowed for the third consecutive month in February, with the Corporate Goods Price Index (CGPI) rising 2.0% YoY compared with 2.3% in January, mainly due to government fuel subsidies that offset higher commodity costs. However, underlying price pressures remain as the yen-based import price index jumped 2.8% YoY, the highest since July 2024, reflecting the impact of a weak yen and rising global commodity prices. The data precede the geopolitical impact of the U.S.–Israel strike on Iran, which has caused sharp volatility in oil and metal prices. Analysts expect wholesale inflation to pick up again as higher crude prices increase fuel costs, though this cost-push inflation could complicate the Bank of Japan’s rate-hike trajectory. After ending its decade-long stimulus and raising rates to 0.75% in December 2025, the BOJ has signalled further tightening if sustainable 2% inflation, supported by strong demand and wage growth, is achieved.
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