Mindtree independent directors term L&T's takeover offer fair and reasonable

Securities and Exchange Board of India Chairperson Tuhin Kanta Pandey on Wednesday said the regulator has already eased the process of accreditation of Alternate Investment Fund (AIF) investors, and it will ease them further.

Alternative investment funds (AIFs) have transitioned from the margins of the financial system to become an important pillar of India's capital markets, connecting capital with sectors that require it most. Addressing the IVCA Conclave 2026 in Mumbai on Wednesday, Sebi Chairman Tuhin Kanta Pandey stated that the current geopolitical situation serves as a reminder that capital must do more than chase returns. "It must also build resilience," he noted, adding that for India, this creates a larger role for the AIF industry to finance sectors like renewables, logistics, and strategic manufacturing.

According to the press statement released by Indigo, "With immediate effect, Pieter Elbers will be stepping down as InterGlobe Aviation Limited's (IndiGo) CEO. The Board of Directors would like to thank Pieter for his contribution and service to the organization, and wishes him well in his future endeavours." The airline further said that its managing director, Rahul Bhatia, would manage the company in the interim until a replacement is hired.

New Delhi [India], March 10: Shanvi Resources Private Limited (SRPL), an ISO-certified and CMMI Level 5 mining and exploration consultancy based in Bhubaneswar, Odisha, has announced the strategic expansion of its global advisory operations. As demand for critical minerals rises worldwide and regulatory standards become more stringent, SRPL is strengthening its position as an independent technical advisor to mining companies, investors, and government institutions across international markets. The expansion marks a significant step in the company's mission to deliver reliable, transparent, and globally compliant mining advisory services.

New Delhi [India], March 10: The Good Food Institute India (GFI India), in collaboration with the National Institute of Food Technology, Entrepreneurship and Management, Thanjavur (NIFTEM-T), released a landmark study titled India as a global manufacturing hub for smart protein processing equipment at the 4th Plant Based Foods Summit held on the sidelines of AAHAR 2026. This first-of-its-kind report delivers a comprehensive assessment of India's current manufacturing capabilities for plant-based smart protein processing equipment, offering strategic recommendations for government, industry, and research institutions to accelerate domestic production and reduce costly import dependence.

Individuals and domestic mutual funds together now hold about 36 per cent of the free float market capitalisation of Nifty 50 companies, said SEBI Chairman Tuhin Kanta Pandey, addressing the 30th anniversary of Nifty 50 at the National Stock Exchange (NSE).

Gurugram (Haryana) [India], March 7: ISIC India today announced a breakthrough 5-in-1 International Student Identity Card (ISIC) on RuPay network that unifies: official campus identity, ISIC discounts, RFID campus access, National Common Mobility Card (NCMC) for public transport, and an INR prepaid payment capability--on a single secure card. Similar 5-in-1 variants will be offered for youth through International Travel Youth Card (IYTC) and for teachers via International Teacher identity Card (ITIC).

Mumbai (Maharashtra) [India], March 6: On the occasion of Women's Day, L&T Finance Ltd. (LTF), (formerly known as L&T Finance Holdings Ltd.), one of the leading Non-Banking Financial Companies (NBFCs) in the country, is proud to announce the launch of Spoorthi, a specialised program designed to empower women entrepreneurs by facilitating finance for the purchase of house property or providing Loan Against Property (LAP) for business expansion and working capital.

Shaan Patel Asset Management (SPAM), a quantitative investment firm focused on data-driven equity strategies, is emerging as a new entrant in India's alternative investment landscape. According to the company, it currently manages close to ₹36 crore in assets and operates within the regulated Alternative Investment Fund (AIF) framework in India.

Barcelona [Spain], March 5: ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, and Turk Telekom have jointly completed the world's first C+L (12 THz) full-band integrated 1.6Tbps live network trial in Istanbul. The trial has significantly boosted system capacity, reduced spare part types, and enabled ultra-high-speed 400GE/800GE service transmission, laying a solid foundation for Turkiye to develop ultra-broadband and intelligent all-optical networks, thereby elevating the digital economy level of Turkiye and even Eurasia.