Shares of Borosil Renewables Ltd. gained as much as 8% on Wednesday, June 3, after the Government imposed a countervailing duty (CVD) on “Textured Toughened (Tempered) Glass” made or exported from Malaysia. The move was announced as part of the Notification No. 02/2026-Customs (CVD). Contours Of The Notification The duty is effective for a period…
Shares of Shilpa Medicare Ltd. are in focus after the company announced a strategic investment in Spain-based biotechnology firm Gate2Brain, marking its latest bet on innovative therapies targeting central nervous system (CNS) disorders and rare cancers. In an exchange filing on Wednesday, Shilpa Medicare said its wholly owned subsidiary, Shilpa Biocare Pvt Ltd, will acquire…
Shares of DEE Development Engineers Ltd. slipped over 4% on Wednesday, June 3, after the company approved a preferential issue of equity shares worth ₹300 crore to promoter and non-promoter entities. Preferential Issue Contours In an exchange filing, DEE Development said its board approved the issuance of up to 59.76 lakh equity shares at a…
Adani Power Share Price: Shares of Adani Power remained in focus on Friday, rising nearly 2.5 per cent in early trade to around Rs 235, as buying interest continued across the broader Adani Group pack. Market experts tracking the counter said the stock remains one of the strongest performers in the power sector and continues…
Indian IT stocks, Infosys Ltd., TCS Ltd., Tech Mahindra Ltd., and broader market names like Persistent Systems Ltd. and Coforge Ltd. fell up to 8% on Wednesday, June 3, after a strong upmove seen over the last two trading sessions. Shares of TCS are among the top losers on the Nifty IT index, trading with…
Shares of NMDC Ltd. are trading higher after the state-run miner increased prices of both iron ore lumps and fines, a move that CNBC-TV18 had reported earlier citing sources. NMDC has raised the price of Baila lump ore by ₹200 per tonne to ₹5,700 per tonne, while the price of iron ore fines has been…
Nilesh Shah, Managing Director of Kotak Mahindra AMC, said India should enable omnibus investment structures through GIFT City to make investing easier for global investors and NRIs. Speaking alongside industry leaders including Navneet Munot, MD & CEO of HDFC AMC, Shah argued that requiring individual PAN registration creates friction for overseas investors. Participants also called…
India’s auto sector may see some slowdown after the recent fuel price hikes, but this is unlikely to turn into a sharp downcycle like 2019-20 (FY20), according to Jay Kale, Executive Vice President-Research at Elara Capital. He believes passenger vehicles (PVs) and two-wheelers remain relatively resilient, even as inflationary pressures begin to affect demand sentiment….
From Rs 1,200 to a Gold Empire: The Rajesh Mehta Story Now Under SEBI Scrutiny Every great Dalal Street story has a beginning that sounds almost too good to be true. Rajesh Mehta’s beginning actually was good, which is precisely what makes everything that allegedly followed so difficult to process. Born on June 20, 1964…
A total of 45 listed companies are set to trade ex-date for several corporate actions, including dividend, bonus issue, rights issue and stock split between June 8 and June 12, 2026. Upcoming Record Date for Dividend, Bonus Share, Stock Split: Investors will have a busy week ahead as many as 45 companies listed on the…
