Corporate, Economic & Global Updates 23rd March 2026 by GEPL Capital Ltd
Stocks in News
* INFOSYS: The company has launched an AI-powered race centre in collaboration with Formula E.
* ERIS LIFESCIENCES: The company is set to acquire the branded probiotic products business of Velbiom Probiotics for Rs. 50 crore and has launched a weekly shot of Semaglutide priced at Rs. 220 per shot.
* RAILTEL CORP: The company has received a Letter of Acceptance (LoA) worth Rs. 24.5 crore from East Coast Railway and a Letter of Intent (LoI) worth Rs. 160 crore from Doordarshan.
* PVR INOX: The company has opened a 4-screen multiplex in Agra under the Franchise Owned Company Operated (FOCO) model.
* TATA MOTORS: The company will implement a weighted average price increase of 0.5% across its passenger vehicle portfolio starting April 1.
* DCX SYSTEMS: The company has secured a Rs. 563 crore order to supply Maritime Patrol Radars (MPR) for airborne applications.
* ELGI EQUIPMENT: The company reports constraints in LPG availability and pricing, though operations currently continue without material disruption.
* CEIGALL INDIA: The company has emerged as the L1 bidder for a Rs. 603 crore NHAI six-lane road project in Punjab.
* GILLETTE INDIA: The company has received the renewal of its Consent to Operate (CTO) from the Rajasthan State Pollution Control Board for its Bhiwadi unit.
* ASHOKA LEYLAND: The company will invest Rs. 375 crore in its UK-based arm, Optare Plc, in one or more tranches.
* CITY UNION BANK: The company has opened three new branches in Tamil Nadu and Uttarakhand, reaching a total of 932 branches.
Economic News
* India, EU step up engagement to fast-track trade, tech talks: India and the European Union are boosting cooperation following their January summit. Several initiatives are planned in the coming months. These include parliamentary visits, consultations on the Indo-Pacific region, and ministerial meetings for the Trade and Technology Council. Both sides aim to complete a Security of Information Agreement this year.
Global News
* Brokerages flag early hikes by the European Central Bank and Bank of England on energy inflation: Global brokerages such as Barclays, J.P. Morgan, Morgan Stanley, Deutsche Bank and Goldman Sachs have materially shifted their outlook to a more hawkish stance, highlighting an increased probability of rate hikes by the European Central Bank and Bank of England potentially starting as early as April driven by renewed inflation risks from the Middle East conflict and rising oil prices; while both central banks, along with the Federal Reserve, have held rates steady for now, policymakers have signalled readiness to act as Europe remains vulnerable due to its dependence on imported energy and a fragile inflation backdrop, with brokerages now forecasting multiple hikes through mid-2026 (ECB seeing 25 bps increments from April/June onward and up to ~75 bps in adverse scenarios), and markets pricing ~70–80 bps tightening for both ECB and BoE, although BoE outlook remains divided with some expecting near-term hikes and others maintaining a prolonged pause, making the trajectory highly dependent on energy prices and geopolitical developments, while any rate cuts are now pushed out to late 2026 or even 2027.
Debt Market Snapshot Government Security Market:
* The Inter-bank call money rate traded in the range of 4.50%- 5.45% on Friday ended at 4.80%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.7369% on Friday Vs 6.7143% on Tuesday .
Global Debt Market:
U.S. Treasury yields edged slightly higher in early Friday trading as investors continue to navigate growing uncertainty over how the Middle East conflict is impacting the economy. The 10-year Treasury yield — the benchmark for U.S. government borrowing — rose 1.7 basis points to 4.3%. The yield on the 2-year Treasury note, which is more sensitive to short-term Federal Reserve rates decisions, rose by 3 basis point to trade at 3.87%. The 30-year bond yield, meanwhile, gained 1 basis point to 4.87%. As the war in Iran weighs heavily over markets, investors are now positioning for a slightly more hawkish stance from the Federal Reserve as higher global oil prices and renewed labor market uncertainty shape the economic backdrop. Inflation was already trending above the Fed’s target even before energy costs spiked at the outbreak of the conflict on Feb. 28. The Fed’s rate-setting Federal Open Market Committee voted 11-1 on Wednesday to leave its key interest rate unchanged, a move widely anticipated by investors. Central banks in Europe also held rates steady on Thursday as policymakers grapple with the impact of the war, with markets now pricing in rate hikes this year. Oil traded lower on Friday, with U.S. West Texas Intermediate prices sliding 1.2% to $94.99 a barrel, and Brent crude, the global benchmark, down 1.3% to $107.28.The dip comes after Treasury Secretary Scott Bessent indicated that sanctions on Iranian crude stored aboard tankers could be lifted to help ease price pressures. Israeli Prime Minister Benjamin Netanyahu said his country was assisting the U.S. “in intel and other means” to try and reopen the Strait of Hormuz
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.72% to 6.75% level on Monday.
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimer
