The Nifty50 witnessed another volatile session on Wednesday, with a sharp intraday recovery helping the benchmark trim most of its losses by the close. Weak global cues weighed on sentiment at the open, with the Nifty starting the session 68 points lower. Selling pressure intensified through the first half, dragging the index to an intraday…
Hero MotoCorp has unveiled flex-fuel versions of its popular Splendor+ and HF Deluxe motorcycles, marking a significant step in the company’s alternative fuel strategy ahead of World Environment Day. The new motorcycles are compatible with ethanol blends ranging from E20 to E85 and will initially be introduced in Delhi and select parts of Maharashtra in…
IT services company Mastek Ltd on Wednesday (June 3) said it has received a final assessment order from the Income Tax Department for FY23 involving total additions of ₹123.58 crore. The order, received on May 30, 2026, comprises a transfer pricing addition of ₹90.95 crore under Section 92CA(3) of the Income Tax Act, 1961, and…
Market regulator Securities and Exchange Board of India (SEBI) has passed an interim ex-parte order against Rajesh Exports Ltd (REL) and its Chairman and Managing Director Rajesh Mehta, citing prima facie findings of large-scale financial misrepresentation, fund routing irregularities, and non-cooperation during an ongoing investigation covering FY21 to FY25. In a 109-page order passed by…
India’s GIFT City can emerge as a major gateway for global and non-resident Indian (NRI) capital, but easier investing rules, smoother onboarding and policy fine-tuning are needed to unlock larger foreign inflows, leading fund industry executives told CNBC-TV18. Nilesh Shah, Managing Director of Kotak Mahindra AMC, Navneet Munot, MD and CEO of HDFC AMC, and…
Berkshire Hathaway has committed $16.8 billion across two major transactions in just two days, offering the clearest sign yet that new Chief Executive Greg Abel is beginning to put his own stamp on the conglomerate following his succession of Warren Buffett. The company agreed to invest $10 billion in a private placement by Alphabet, Google’s…
Manufacturer of power, auto and inverter duty transformers, Atlanta Electricals Ltd, on Wednesday (June 3), said it has received a Letter of Award from Punjab State Transmission Corporation Ltd (PSTCL) for the procurement of 23 units of 160 MVA, 220/66 kV power transformers along with NIFPES and optional spares. The total order value stands at…
Nifty Prediction for Thursaday, June 4: Technical experts believe Wednesday’s late-session rally has created an important support base, although sustained upside will require the index to overcome key resistance zones. Nifty Prediction for Thursday, June 4 by experts: Indian equity markets witnessed a roller-coaster session on Wednesday, June 3, as investor sentiment remained under pressure…
Engineering company Texmaco Rail and Engineering Ltd on Wednesday (June 3) said the company, Touax Group and TrinityRail Global, Inc. have announced a tripartite partnership to build a global railcar leasing platform in India under Touax Texmaco Railcar Leasing Private Ltd (TTRL). The companies said TrinityRail has joined the existing joint venture between Texmaco Rail…
Last week, the government sold a 2 per cent stake in Coal India via OFS to mop up Rs 5,542 crore. In May, it sold 8.08 per cent in the Central Bank of India to raise Rs 2,266 crore. Together, the disinvestment proceeds so far in FY27 stand at Rs 7,808 crore. Source link
