Wipro Limited has announced the launch of a dedicated AI-Native Business & Platforms Unit to complement its services business. This strengthens Wipro’s position in a “services as software” world, placing it at the forefront of innovation while delivering Consulting-led, AI-powered transformation for clients. Nagendra Bandaru, President and Managing Partner of Technology Services GBL, who has been with Wipro for nearly three decades, has been appointed as the CEO of the new business unit, effective immediately. Kanwar Singh joins Wipro as the new President and Managing Partner of Technology Services GBL. Kanwar will report to the CEO and MD Srini Pallia and join the Wipro Executive Leadership. With targeted investments and a distinct operating model, the unit will accelerate the development of enterprise-grade agentic AI solutions and enhance outcome-based value creation. It will also incubate new AI-led business streams through an invest-build-partner approach, working in close collaboration with Wipro Ventures and its broader partner ecosystem.
IndiGo has announced a revision of fuel charges for both domestic and international routes, effective for all new bookings made from 00:01 hrs on April 2, 2026. This decision is a direct response to a massive spike in Air Turbine Fuel (ATF) prices, which have surged by over 130% month-on-month in the region according to IATA’s Jet Fuel Monitor.
Pharma stocks
Lupin Ltd has successfully completed its strategic acquisition of VISUfarma B.V., Netherlands, through its wholly owned subsidiary Nanomi B.V. The transaction became effective on April 1, 2026, following the completion of all customary closing conditions. The acquisition process began with the initial announcement in September 2025.
Glenmark Pharmaceuticals has announced a strategic shift to directly manage the commercialisation and distribution of its nasal spray Ryaltris in the United States, taking a step towards strengthening its innovative portfolio and on-ground presence. The company said it will oversee end-to-end commercialisation of Ryaltris (olopatadine hydrochloride and mometasone furoate nasal spray) in the US starting April 1, 2026. The move signals Glenmark’s transition towards a more direct and sustainable commercial model in the region.
Order/expansion
Solarium Green Energy Ltd has received a Letter of Award (LOA), as a sub-contractor, for execution of End-to-End Engineering, Procurement and Construction (EPC) works, including three years of Operation and Maintenance (O&M) services, for a 50 MWac Solar PV Power Project in Maharashtra, awarded under a project of Maharashtra State Power Generation Company Limited (MAHAGENCO). The total order value is approximately ₹188.525 crore (exclusive of GST). This order is expected to strengthen the Company’s presence in the renewable energy sector and contribute to the Company’s revenues over the project execution period.
Nestlé India Ltd has announced a strategic expansion of its manufacturing capabilities at the Sanand Factory in Gujarat. The expansion involves a proposed capacity addition of 20,500 tons per annum, augmenting the factory’s existing capacity of approximately 141,600 tons. This move comes as the current facility is operating at a high capacity utilisation of roughly 80%. The project, estimated to cost ₹90 crore, will be funded entirely through internal accruals, showcasing the company’s strong cash position.
Pace Digitek Ltd, an integrated provider of telecom infrastructure and energy solutions, has secured a Battery Energy Storage System (BESS) EPC order from NTPC Ltd for implementation at the Nabinagar Super Thermal Power Station for a 200 MW / 400 MWh deployment. The contract, valued at ₹494.54 crore (excluding GST), includes ex-works supply for the BESS EPC package along with comprehensive annual maintenance for the life of the system. The scope covers supply, logistics, installation, testing, commissioning and lifecycle maintenance of the BESS infrastructure, along with associated civil, structural and site works. The execution period for supply and services is about 15 months followed by comprehensive annual maintenance for 11 years.
Land deal
AGI Infra Ltd has received from the Greater Mohali Area Development Authority (GMADA) for the development of Group Housing Colony ‘Utopia by AGI’, having land parcel area of 10.26 Acres. The same was received on April 1, 2026.This project is located in a premium residential area, in the New Chandigarh. The project comprises a saleable area of approximately 31,93,697 sq ft, having 661 residential flats, including 3BHK, 4BHK, and 5BHK flats. The project also consists of thoughtfully planned amenities and conveniences for its residents. This is our maiden project in New Chandigarh. Based on the progress of the needed government approvals, the execution of sale deed for land at Podanur will be carried out in two phases and the first phase of sale will include approximately 15 – 16 acres, and is expected to be completed in the month of April 2026 and the same has been mutually agreed between the Company and G Square Realtors Private Ltd.
KRN Heat Exchanger and Refrigeration Limited has announced a strategic expansion move through its wholly-owned subsidiary, KRN HVAC Products Private Limited. The company confirmed the acquisition of a significant industrial plot in Rajasthan to bolster its manufacturing capabilities. The subsidiary has entered into a registered deed with Shree Krishna Paper Mills & Industries Limited to purchase an industrial plot measuring 30,427.84 sq. mtr. The plot is located within the RIICO (Rajasthan State Industrial Development & Investment Corporation Ltd) area at Shahjahanpur, District Alwar, Rajasthan.
Prestige Estates Projects Ltd has secured a prime land parcel in Sector 92, Gurugram, further strengthening its presence in the National Capital Region (NCR). The Company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel. The proposed development is expected to have a saleable area of approximately 3 million square feet, with an estimated Gross Development Value (GDV) of around ₹4,200 crore.
Operational updates
Aavas Financiers has released its provisional operational update for the quarter and financial year ended March 31, 2026. The company demonstrated robust growth and improved asset quality, alongside a positive revision in its credit outlook. The company’s Assets Under Management (AUM) grew to approximately ₹23,500 crore, marking a 15% Year-on-Year (YoY) increase. Disbursements for the final quarter (Q4FY26) were particularly strong, reaching ₹2,350 crore, which represents a 16% YoY growth and a significant 36% surge compared to the previous quarter.
Rathi Steel And Power Ltd, One of the leading players in stainless steel long products and TMT bars, has recorded revenue of ₹ 244.8 crore (approx.) for Q4 FY 26, while also reporting revenue of ₹716.7 crore (approx.) for FY26 as against ₹ 505.43 crore in FY25, reflecting a growth of 41.8% YoY. Robust revenue for Q4 demonstrates operational resilience, considering the challenges posed by the current geopolitical developments impacting fuel costs, global trade and other macro-economic factors.
The SPE Division of Zuari Industries Limited (ZIL) has achieved its highest-ever sugarcane crushing of 159.7 lakh quintals in FY26, surpassing its previous record of 157.2 lakh quintals in FY25. The performance was driven by improved efficiency, higher capacity utilisation, increased cane availability, and an early start to the crushing cycle.