📰 India Business Brief: Top Headlines for March 24, 2026

Business Standard

• Market De-escalation Rally: The Indian stock market is expected to open with a significant gap-up today as global sentiment improves following Donald Trump’s decision to postpone strikes on Iranian infrastructure, cooling oil prices.
• Somerset Indus Capital Hits $288M: The healthcare-focused private equity firm closed its third fund above its $250 million target, aiming to invest in diagnostic platforms and medtech innovation across Tier I and II cities.
• Commodities Price Correction: Gold and silver prices have reportedly corrected sharply, losing nearly 45% from their recent peaks, leading to high volatility in commodity-linked stocks.
• Coal India Divestment: The state-run miner has approved a plan to divest up to 25% of its equity in South Eastern Coalfields Ltd (SECL) through an Offer for Sale (OFS).

Economic Times

• Bank of Baroda EMI Error: A system glitch at Bank of Baroda led to incorrect interest rate applications in March, causing many home-loan borrowers to be overcharged or marked as delinquent, triggering automated recovery actions.
• PFC-REC Merger Consultants: Power Finance Corporation (PFC) has appointed RBSA Advisors for valuation and SBI Capital Markets as the merchant banker for its proposed merger with REC Ltd to improve public sector efficiency.
• Kotak Mahindra Stake Sale: Kotak Mahindra Capital has entered agreements to sell its stake in Infina Finance to several entities, including a 12.1% stake to the estate of the late Rakesh Jhunjhunwala.
• Union Bank Bond Issue: Union Bank of India raised ₹3,000 crore via long-term bonds on March 20, choosing to accept only a portion of the total potential subscription to optimize its capital structure.

Mint

• Retail Investor Sentiment: Mom-and-pop investors have pivoted from early-month panic to aggressive buying, showing increased conviction in the domestic market despite ongoing geopolitical noise.
• IRFC Refinancing Deal: Indian Railway Finance Corporation (IRFC) signed a major rupee term loan agreement worth ₹12,842 crore with Hindustan Urvarak and Rasayan Ltd to refinance existing long-term debt.
• IndiGo Leadership Move: InterGlobe Aviation has appointed Aloke Singh, the former CEO of Air India Express, as its Chief Strategy Officer to steer the airline's long-term growth starting April.
• Tata Motors Price Hike: Tata Motors Passenger Vehicles announced a price increase for its entire range of cars and SUVs, effective from April 1, 2026, citing rising input costs.

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