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Sai Parenteral's IPO: From GMP to key dates, price band, peers and more - 10 key things to know before subscribing
BusinessHealth

Sai Parenteral's IPO: From GMP to key dates, price band, peers and more - 10 key things to know before subscribing

Sai Parenteral's ₹409 crore IPO is set to open for subscription from March 24 to March 27, 2026, with a price band of ₹372–₹392 per share. The pharmaceutical formulations company plans to utilize the fresh issue proceeds for manufacturing expansion, a new R&D center, and acquiring an Australian pharma firm. The IPO consists of a fresh issue of ₹285 crore and an offer for sale by existing shareholders worth ₹124 crore. Retail investors can participate with a minimum lot size of 38 shares, requiring an investment of ₹14,896. While the grey market premium currently sits at zero, the company holds a strong position in therapeutic areas like cardiovascular and anti-diabetic care. The tentative listing date is scheduled for April 2, 2026, on both the NSE and BSE. The company faces competition from established players like Gland Pharma and Innova Captab.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Neutral
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Quote of the Day by AI entrepreneur Andrew Ng: ‘The future is here; are you…?’
TechnologyBusiness

Quote of the Day by AI entrepreneur Andrew Ng: ‘The future is here; are you…?’

AI pioneer Andrew Ng has compared artificial intelligence to the 'new electricity,' emphasizing its potential to transform every global industry. As the co-founder of Google Brain and Coursera, Ng advocates for making AI education accessible to everyone, not just tech professionals. He argues that ignoring AI today is as detrimental as ignoring electricity was a century ago. Ng encourages individuals to move beyond the hype and start building small projects to gain real understanding. His 'AI-first' approach suggests that technology will soon reshape healthcare, agriculture, and finance in unimagined ways. By starting with basic online courses and experimenting with simple tools, anyone can adapt to this fundamental shift. Ng’s message serves as a call to action for businesses and individuals to participate in the ongoing technological revolution.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Positive
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IPL 2026: Ex-selector urges Mumbai Indians to hand over captaincy from Hardik Pandya to Suryakumar Yadav
SportsEntertainment

IPL 2026: Ex-selector urges Mumbai Indians to hand over captaincy from Hardik Pandya to Suryakumar Yadav

Former Indian selector Krishnamachari Srikkanth has suggested that Mumbai Indians (MI) should appoint Suryakumar Yadav as captain for the IPL 2026 season. Srikkanth believes that shifting leadership from Hardik Pandya to Yadav could provide a necessary 'change of luck' for the five-time champions, who haven't won a title since 2020. Suryakumar Yadav recently led the Indian national team to a T20 World Cup victory, boosting his credentials as a top-tier leader. Under Pandya's captaincy, MI finished last in 2024 and lost in the qualifiers in 2025. Srikkanth suggested that Pandya himself should offer to step down to resolve any internal team friction and support Yadav's leadership. The franchise management faces a tough decision with multiple World Cup-winning captains now in the squad. MI's 2026 campaign is scheduled to kick off against Kolkata Knight Riders on March 29.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Neutral
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HDFC Bank share price extends losses for fourth straight session. Time for bottom-fishing?
Business

HDFC Bank share price extends losses for fourth straight session. Time for bottom-fishing?

HDFC Bank shares extended their decline for a fourth consecutive session, falling over 3% on March 23, 2026, following the sudden resignation of non-executive chairman Atanu Chakraborty. Chakraborty cited a mismatch between bank practices and his personal values, though he clarified no wrongdoing was involved. To restore investor confidence, the RBI has approved Keki Mistry as the interim chairman for a three-month period. Despite the recent 11% plunge, several brokerages like Motilal Oswal and Haitong Securities have maintained 'Buy' and 'Outperform' ratings, suggesting the valuation is attractive. Technically, the stock is in a downtrend, but experts believe the risk-reward ratio is now favorable for long-term investors. Improving operating performance and upcoming CEO nominations are expected to be critical for future stock recovery. The bank continues to navigate macro-uncertainty fueled by the US-Iran war and high crude oil prices.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Negative
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New York's LaGuardia airport shut after Air Canada Express flight collides with ground vehicle; four injured
WorldHealth

New York's LaGuardia airport shut after Air Canada Express flight collides with ground vehicle; four injured

Operations at New York’s LaGuardia Airport were suspended on March 22, 2026, after an Air Canada Express flight collided with a fire truck on the runway. The aircraft, arriving from Montreal, struck the vehicle during landing, resulting in serious injuries to the pilot and co-pilot. A total of four people were injured, and arriving flights were diverted to other regional airports. Air traffic control recordings reveal the controller issued urgent orders for the truck to stop just seconds before the impact. The FAA issued a ground stop for all flights as emergency services and investigators secured the scene. This incident follows a series of recent ground collisions at the airport involving United and Delta aircraft. LaGuardia remains a high-volume gateway where such disruptions cause significant cascading delays across the network.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Negative
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Vedanta share price slips over 5% ahead of dividend announcement today
Business

Vedanta share price slips over 5% ahead of dividend announcement today

Vedanta's share price declined by more than 5% on March 23, 2026, ahead of a key board meeting to consider its third interim dividend for the fiscal year. The company has already distributed ₹23 per share in dividends so far, with the current record date set for March 27. Market sentiment was dampened by a broader selloff in metal stocks and the company's breach of its 50-day EMA technical support. Additionally, Vedanta has filed an appeal with the NCLAT contesting the Adani Group's bid for Jaiprakash Associates. Technical analysts remain cautious, suggesting the stock may face further pressure unless it breaks back above the ₹665 resistance zone. Promoter Vedanta Resources currently holds a 56.38% stake and is in the process of splitting the company into five entities. Support levels are currently placed around the ₹600-₹620 range following the intraday lows.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Negative
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CMPDI IPO day 2: GMP, price band, size, subscription status, review, other details. Apply or not?
Business

CMPDI IPO day 2: GMP, price band, size, subscription status, review, other details. Apply or not?

The Central Mine Planning & Design Institute (CMPDI) IPO entered its second day of bidding on March 23, 2026, with a price band of ₹163–₹172. The ₹1,842 crore public issue is entirely an offer for sale, meaning the company will not receive any fresh capital from the proceeds. Investor response has been tepid, with the issue subscribed only 0.09 times by mid-morning of day two. The grey market premium remains low at ₹2, likely due to weak overall market sentiment and high dependence on its parent company, Coal India. Despite this, some brokerages have assigned a 'Long Term Apply' rating, citing the company's strong 61% market share in coal consultancy. CMPDI maintains a debt-free balance sheet and an asset-light business model with high profitability. The company aims to diversify into critical minerals like lithium and copper to expand its non-coal resource portfolio. Listing is expected on the NSE and BSE by April 1, 2026.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Neutral
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Small Caps Just Outran the S&P — 6 Ways to Invest Even If You Missed the First Leg
BusinessWorld

Small Caps Just Outran the S&P — 6 Ways to Invest Even If You Missed the First Leg

US small-cap stocks, tracked by the Russell 2000, have outperformed major indices like the S&P 500 and Nasdaq 100 in early 2026. While large caps declined 3-4% year-to-date, small caps have broken out of their long slump with positive gains. Financial experts recommend that investors rebuild exposure through staggered entries and dollar-cost averaging to manage volatility. Leadership is broadening beyond mega-cap tech, with small-cap earnings growth expected to be robust throughout the year. Quality names with strong free cash flow and improving revisions are identified as the best opportunities. Indian investors can access these US markets through platforms like Appreciate, which offers fractional investing for as little as 1 rupee. Defining a strategic allocation of 10-20% in small caps can provide meaningful diversification. The shift highlights a fundamental rebound driven by sectors like energy, industrials, and AI enablers.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Positive
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Explained: Why is stock market falling today? Sensex crashes 1,900 points, investors lose ₹14 lakh crore
BusinessWorldPolitics

Explained: Why is stock market falling today? Sensex crashes 1,900 points, investors lose ₹14 lakh crore

The Indian stock market suffered a massive crash on March 23, 2026, with the Sensex plunging over 1,900 points and Nifty 50 dropping 2.6%. Investors lost approximately ₹14 lakh crore in market capitalization within the first hour of trade as global panic set in. The primary trigger was the intensifying US-Iran war, with threats to target energy infrastructure and close the Strait of Hormuz. Consequently, Brent crude prices surged above $110 per barrel, raising fears of a widened current account deficit and higher inflation for India. The Indian rupee also hit a record low of 93.89, further aggravating foreign capital outflows. Foreign portfolio investors have already pulled over ₹1 lakh crore from Indian markets this month. Global risk aversion remains high, with major Asian markets like Nikkei crashing up to 6%.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Negative
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Vedanta, Tata Steel to Hindustan Copper: Metal stocks crash up to 6% today — What's behind the selloff? Explained
BusinessWorld

Vedanta, Tata Steel to Hindustan Copper: Metal stocks crash up to 6% today — What's behind the selloff? Explained

Indian metal stocks witnessed a sharp selloff on March 23, 2026, with the Nifty Metal index plunging over 4%. Hindustan Copper, Vedanta, and Tata Steel were among the worst performers, losing up to 6.4% in a single session. The crash was primarily triggered by the escalating US-Iran war, which has disrupted global oil and energy supplies. Analysts also point to sectoral rotation and fears of demand destruction due to geopolitical uncertainty. Energy-intensive steel production faces potential cuts of 2-3% if gas supplies remain constrained. Despite the volatility, some brokerages suggest that higher global costs could allow Indian producers to raise prices. The metal sector is currently on track for its worst monthly performance since early 2023.

March 23, 2026•1 min read•Source: Livemint
Sentiment: Negative
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