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March 17, 2026 TOP NEWS Oberoi Realty: The company has
entered into a development agreement with MHADA for land at Aram Nagar, Versova
(Andheri West), Mumbai. From the project, the company expects a free-sale
component of ~17.18 lakh sq. ft. (RERA carpet area), subject to approvals. Alkyl Amines Chemicals: The specialty
chemical player is facing challenges in procuring ammonia, a key raw material
used in the manufacture of methylamines, ethylamines,
and their derivatives. Due to the non-availability of ammonia, the company
has been constrained to temporarily suspend the manufacturing of these
products at its Patalganga, Kurkumbh,
and Dahej sites. Negative Reliance Industries:
The company has entered into a binding long-term Supply and Purchase
Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply
of green ammonia over a 15-year period, commencing in the second half of
FY2029. The SPA, valued at more than US$3 billion, is one of the largest
binding long-term green ammonia off-take agreements
globally. Powermech Projects: The company has received an order worth
Rs 709.56 crore from Adani Infrastructure Management Services for operations
and maintenance services, including overhauling at the 5x660MW thermal power
plant at Tiroda, Maharashtra. Renuka Sugar : The
Food Ministry has approved an additional sugar export quota of 87,587 tonnes
for the 2025–26 marketing year, out of the earlier announced 500,000 tonnes
additional quota. Positive Sun Pharmaceuticals Ltd :
The company's innovative drug, Ilumya, is now being
considered for treating adults with active psoriatic arthritis. This marks a
crucial step for Sun Pharma in expanding its medicine portfolio. The US
regulator has accepted the application for review. Ola Electric: According to media reports,
Ola Electric has initiated plans to raise ₹2,000 crore by divesting a
stake in its battery subsidiary, Ola Cell Technologies (OCT). Bajaj Electricals: The electronic
products company announced the signing of a definitive agreement to acquire
the intellectual property and brand rights of Morphy Richards in India and
select South Asian markets for Rs 141.4 crore. Tata Motors: The
company announced a price increase of up to 1.5% across its commercial
vehicle range, effective April 1, 2026, to partially offset the impact of
rising commodity prices and other input costs. Axiscades: The Board has approved the acquisition of the
balance 24% stake in Cades Studec Technologies
India from STUDEC SAS France, along with the execution of definitive
agreements in this regard. After the acquisition, Cades Studec
Technologies India will become a wholly owned subsidiary of the company. War update:
President Donald Trump demanded that US allies help secure the Strait of
Hormuz, but European powers pushed back on a possible mission to reopen the
vital waterway shut by Iran in response to US-Israeli attacks. But a sense of
optimism has came in with permission of movement of ships from strait of Hormuz. MACRO WRAP
OTHER NEWS Lloyds Metals: Starts commercial copper
cathode production at 12,000 TPA DRC plant at Congo; CY2026 ~10,000-12,000
tonnes; 50% stake. Positive NMDC: The company enters a strategic
collaboration pact with GMDC to explore opportunities in the Rare Earth
Elements sector. Neutral MSP Steel & Power: Acquisition of 2,243,300 equity shares
worth Rs 717.45 lacs by promoter groups. Positive |
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