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…
Sensex Prediction for Friday, June 5 by experts: The benchmark BSE Sensex is expected to open on a cautious-to-positive note on Friday, June 5, as traders assess the RBI’s monetary policy outcome, foreign fund flows and geopolitical developments in West Asia. Sensex Prediction for Friday, June 5 by experts: The Indian stock market ended almost…
Fresh applications for unemployment benefits in the United States rose more than anticipated last week, reaching their highest level since February, though broader indicators continued to suggest that the labour market remains on relatively firm footing. Data released by the Labor Department on Thursday, June 4, showed initial jobless claims increased by 13,000 to a…
Foreign institutional investors (FIIs) continued their selling streak in Indian equities on Thursday, offloading shares worth ₹4,447 crore, while domestic institutional investors (DIIs) stepped in with net purchases of ₹4,360 crore, helping benchmark indices end the session largely unchanged. According to provisional exchange data, FIIs bought shares worth ₹14,013 crore during the session but sold…
Electric vehicle maker Ola Electric Mobility Ltd on Thursday (June 4) raised Rs 780 crore through a qualified institutional placement (QIP) that was oversubscribed 56%. The issue received bids worth about ₹780 crore, with demand from long-only investors, including global names such as Goldman Sachs and BNP Climate Fund, alongside Indian mutual funds such as…
Friday (June 5) is expected to be a key session for the stock markets as the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its policy decision. In addition, the government will release January–March quarter GDP data for FY26 in aftermarket hours. Reliance Industries’ dividend record date also falls on…
India faces oil price risks despite strong growth outlook Highlights Citi says higher oil prices could have a larger-than-expected impact on India’s economy, inflation and currency. Global investors remain positive on India due to reforms, growth prospects and macroeconomic stability. Potential inclusion in major global bond indices could attract USD 20-25 billion in stable foreign…
