Shares of LTM Ltd. declined 7% on Wednesday, June 3, after the company’s management, at its analyst day, said it aspires to double revenue in five years and expand its EBIT margins by 200 basis points by the financial year 2031. This is the biggest single-day fall for the stock since January 2024. The stock…
Speaking from the sidelines of the Citi India Conference 2026, Manish Tiwary, CMD of Nestlé India, said he remains confident about the Indian consumer sector’s ability to deliver double-digit growth over the long term despite near-term uncertainties. He said premium consumption remains resilient and rural markets have consistently outperformed urban areas in recent years. Nestlé…
Zydus Lifesciences Ltd. received a warning letter from the US Food and Drug Administration (USFDA) on Wednesday, June 3, for its formulation manufacturing facility in Baddi, Himachal Pradesh. In an exchange filing, the drugmaker said the warning letter relates to a request for records under Section 704(a)(4) of the US Federal Food, Drug and Cosmetic…
Power Mech Projects Ltd. on Wednesday, June 3, said it has won an order worth ₹266.26 crore from Adani Infrastructure Management Services Ltd for a thermal power plant in Maharashtra. The work includes providing KPI based contract for operations and maintenance services at 2×300 MW thermal power plant at Butibori in Maharashtra, Power Mech said…
Elon Musk-led SpaceX is preparing for what could become the largest initial public offering (IPO) in history, after setting an IPO price of $135 per share and outlining plans to raise as much as $75 billion through its market debut later this month. According to a filing submitted to the US Securities and Exchange Commission…
Oil prices fell after gaining for three days as Israel and Lebanon agreed to a ceasefire on the grounds that Hezbollah stops its hostilities as well. Brent fell below $97 a barrel while West Texas Intermediate was close to $96 a barrel. The deal is contingent on “a complete cessation” of fire from Iran-backed Hezbollah,…
Alembic Pharmaceuticals Limited has executed a Shareholders’ Agreement to invest in a newly incorporated Canadian Corporation as part of its plans to expand its pharmaceutical presence in the Canadian market. The company will hold a 45% equity stake in the Canadian entity following the investment. The agreement has been entered into along with Difgen Holdings…
Market regulator Securities & Exchange Board of India (SEBI) passed an interim order in the matter of Rajesh Exports Ltd. on Wednesday, June 3, following an investigation that lasted between April 1, 2020 and March 31, 2024. The investigation was triggered after a shareholder complaint against alleged financial misrepresentation. Here are the key highlights from…
Zee Entertainment Enterprises Limited (ZEEL) informed exchanges that its Board of Directors will meet on Wednesday, June 10, 2026, to consider raising funds through the issuance of equity shares and/or other securities convertible into equity shares. The company said the fund raising proposal will be considered in one or more tranches through permissible modes, including…
YES Bank has received an order from the Maharashtra Goods and Services Tax (GST) department’s appellate authority confirming a tax demand and penalty totaling ₹63.27 crore for the period from July 2017 to June 2018, the private sector lender said in a regulatory filing on Saturday (June 6). The order was passed by the Commissioner…
