Indian investors should adopt a selective approach to equities as the country’s earnings growth outlook remains weaker than other major Asian markets, according to Manishi Raychaudhuri, Chief Executive Officer of Emmer Capital Partners. Raychaudhuri said India’s corporate earnings growth is likely to remain in single digits in the fiscal year 2026-27 (FY27), marking a third…
Shares of Rajesh Exports Ltd. are down in a lower circuit of 5% on Thursday, June 4, in response to the SEBI order that barred its promoter Rajesh Mehta from accessing the securities market over allegations of financial misappropriation. What Are The SEBI Allegations Against Rajesh Mehta? According to the SEBI order, the regulator found…
Shares of Japan’s SoftBank Group Corp. tumbled more than 11% on Thursday, June 4, tracking a broad sell-off in global technology stocks after overnight weakness on Wall Street triggered profit-booking across the sector. The decline spread across Asian technology names, with Taiwan Semiconductor Manufacturing Co. (TSMC) falling about 1.7%, while Taiwan’s Foxconn dropped more than…
Shares of e-commerce platform Meesho Ltd. extended their losing streak on Thursday, June 4, falling more than 4% and marking their eighth straight session of declines. The stock is seeing its longest losing streak on record. Trading activity remained elevated, with nearly 83 lakh shares changing hands at an average price of ₹170.21 apiece during…
Ceigall India Ltd has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH), a road infrastructure asset in Punjab, to Neo Infra Income Opportunity Fund, marking another step in its ongoing asset monetisation programme. The transaction has been formalised through a Share Purchase Agreement (SPA) signed…
Titan Company has laid out an ambitious growth roadmap for its jewellery business, targeting a doubling of revenue by FY30 from FY26 levels, alongside a significant expansion in market share and retail footprint. Speaking at an analyst meet on June 4, the Tata Group company said it aims to grow jewellery business revenue at a…
Infosys, which reported marginal growth in its workforce, saw the number of employees earning over ₹1 crore annually rise 16% year-on-year to 130 as of March 2026 — likely the highest tally in the company’s history. The increase was supported by improved retention of high earners, with only 22 such employees exiting during FY26, compared…
Pharmaceutical firm Lupin Ltd on Thursday (June 4) said it has received approval from the United States Food and Drug Administration (USFDA) for Ranluspec (ranibizumab-hkdz), an interchangeable biosimilar referencing Lucentis of Genentech. The company said Ranluspec is the only interchangeable biosimilar ranibizumab approved in the United States in both vial and pre-filled syringe (PFS) presentations….
Realty firm Kolte-Patil Developers Ltd on Thursday (June 4) said it has received intimations from the Office of the Assistant Commissioner of State Tax, Mumbai, for ascertainment of GST liability amounting to ₹64.41 crore, including interest and penalties. The company said the communication was received on June 3, 2026, and pertains to financial years from…
India’s second-largest private lender, ICICI Bank Ltd, on Thursday (June 4) has informed stock exchanges that it has received a warning letter from the Securities and Exchange Board of India (SEBI). The letter, dated June 1, 2026 and received on June 2, 2026, at 3.55 pm, pertains to the bank’s role as a custodian. SEBI…
