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…
Hindustan Zinc has signed a memorandum of understanding (MoU) with The Energy and Resources Institute (TERI) to undertake a 250-hectare ecological restoration project at its Chanderiya Lead Zinc Smelter Complex in Rajasthan, according to an exchange filing on June 6. The company said the project, located in Chittorgarh district, is intended to restore industrial land…
Shares of Bharat Heavy Electricals Ltd. (BHEL) will be in focus on Thursday, June 4, after brokerage firm UBS downgraded the stock to ‘Neutral’ from ‘Buy’, while raising its price target to ₹460 from ₹375 per share. The brokerage said the downgrade follows BHEL’s sharp outperformance, with the stock delivering nearly 60% returns relative to…
Noida-based real estate developer Max Estates plans to monetise a development portfolio worth around ₹17,200 crore over the next three years and expects demand in the Delhi-NCR market to remain healthy. Nitin Kansal, Chief Financial Officer of Max Estates believes the residential market is increasingly being driven by genuine homebuyers, with customers placing greater emphasis…
Rajesh Ganesh, MD & CEO of Bajel Projects, expects revenue and EBITDA to continue growing in 2026-27 (FY27) despite challenges from commodity volatility and geopolitical uncertainty. He said the company remains focused on its “Rasta 2030” strategy, with execution at the centre of its growth plans after delivering a record 17 projects in the previous…
Shares of Poonawalla Fincorp Ltd. will be in focus on Thursday, June 4, after global brokerage firm Jefferies initiated coverage on the stock with a ‘Buy’ rating and a price target of ₹490 per share. The target price implies a potential upside of nearly 23% from the stock’s closing level on Wednesday. Jefferies believes Poonawalla…
Brokerage firm Citi has initiated coverage on four power electrical equipment stocks in its latest note on Thursday, June 4, of which, it has a “buy” recommendation on three of them and a “neutral” rating on one. Even as Power T&D OEMs have re-rated in 2026 on hopes of increased capex expectations, Citi sees further…
