Scoreboard
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Redington Limited has issued a cautionary update on its Gulf operations, citing restricted activity due to geopolitical tensions. The company highlights shipment delays, rising logistics costs, and insurance challenges, while prioritizing employee safety and capital preservation. Financial impact remains uncertain, dependent on the evolving situation.
Waaree Energies has received an arbitration notice from the International Court of Arbitration, filed by Enel Green Power Development S.R.L. The dispute stems from alleged breaches of a share purchase agreement, with monetary claims under evaluation. The company has stated it will contest the claims vigorously.
The Central Mine Planning & Design Institute (CMPDI), a Coal India subsidiary, is launching its IPO on March 20, 2026, with a price band of ₹163–₹172 per share. The Rs 1,842 crore issue, entirely an offer for sale, closes on March 24, with strong investor interest indicated by positive GMP trends.
ICE cotton futures for the May 2026 contract (CTK6) rose sharply by more than 3%, settling at 67.93 cents per pound. The rally reflects strong buying interest amid shifting global demand dynamics, weather-related supply concerns, and speculative activity in commodity markets.
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