Corporate, Economic & Global Updates 24th March 2026 by GEPL Capital Ltd
Stocks in News
* SAMVARDHANA MOTHERSONS: The company's board approves a scheme for reduction of share capital of its arm, Motherson Technology Services.
* ACME SOLAR: The company commissions the first phase of 60 MW capacity of its Battery Energy Storage System (BESS) project.
* AMBER ENTERPRISES: The company clarifies that addition of a customer is a normal part of business operations. It also states that reports of a partnership with Sharp for AC manufacturing are not material enough to warrant disclosure.
* GOCL CORPORTAION: The company approves early monetisation of its Bengaluru land under a joint?development agreement with Hinduja Realty Ventures. The project covers ~38 acres, with total consideration of Rs. 2,261 crore, including land and buildings.
* LG ELECTRONICS INDIA: The company receives a draft assessment order for FY23 involving disallowances worth Rs. 573 crore. It sees no financial impact and will file objections.
* MEDPLUS HEALTH SERVICES: The Company received one suspension order for a Drug License of a store situated in the state of Karnataka.
* G.R INFRAPROJECT: The Company has received LoA from NHAI. Contract of Rs. 2440 crores. .
* DCX SYSTEM: The company receives an order worth Rs. 14 crore for supply of cables and wire?harness assemblies.
* PVR INOX: The Company opens 3-screen Multiplex in New Delhi. With this, company operates the largest multiplex network with 1,802 screens.
* ASTRAL: The company's arm, Al?Aziz Plastics, is granted a patent for a ‘Multiport Water Outlet' by the government.
* NBCC: The Company awarded work order of Rs. 58.61 crores.
Economic News
* BOT snub: Rs 22,000 crore highway projects fail to attract bids: Private companies are shying away from four major highway projects totaling ?22,000 crore. Concerns over contract terms, especially dispute resolution and tight timelines, are deterring bidders. Developers cite a lack of arbitration provisions and unrealistic project durations as key risks. This situation highlights a collective rejection of India's current BOT model, raising questions about future public funding for infrastructure development.
Global News
* Japan inflation dips below 2% on subsidies, but underlying price pressures keep BOJ’s rate hike stance intact: Japan’s inflation eased below the 2% target for the first time in nearly four years, with core CPI at 1.6% in February (vs 2.0% in January), largely due to government fuel subsidies and tax cuts offsetting imported inflation from a weak yen and higher oil prices. However, underlying inflation remains firm, with core-core CPI (ex-food & fuel) at 2.5% and food prices still elevated, indicating persistent demand-driven pressures. While this supports the Bank of Japan’s rate hike trajectory, heavy government intervention is distorting headline inflation and complicating policy communication, prompting plans for a new adjusted inflation gauge. Amid rising oil prices and economic risks from the Middle East conflict, the BOJ is likely to stay cautious and adopt a wait-and-watch approach despite a broadly intact tightening case.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.50%- 5.45% on Monday ended at 4.80%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.8379% on Monday Vs 6.7369% on Friday .
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.82% to 6.86% level on Tuesday
SEBI Registration number is INH000000081.
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