Shares of DEE Development Engineers Ltd. slipped over 4% on Wednesday, June 3, after the company approved a preferential issue of equity shares worth ₹300 crore to promoter and non-promoter entities. Preferential Issue Contours In an exchange filing, DEE Development said its board approved the issuance of up to 59.76 lakh equity shares at a…
Adani Power Share Price: Shares of Adani Power remained in focus on Friday, rising nearly 2.5 per cent in early trade to around Rs 235, as buying interest continued across the broader Adani Group pack. Market experts tracking the counter said the stock remains one of the strongest performers in the power sector and continues…
Indian IT stocks, Infosys Ltd., TCS Ltd., Tech Mahindra Ltd., and broader market names like Persistent Systems Ltd. and Coforge Ltd. fell up to 8% on Wednesday, June 3, after a strong upmove seen over the last two trading sessions. Shares of TCS are among the top losers on the Nifty IT index, trading with…
Shares of NMDC Ltd. are trading higher after the state-run miner increased prices of both iron ore lumps and fines, a move that CNBC-TV18 had reported earlier citing sources. NMDC has raised the price of Baila lump ore by ₹200 per tonne to ₹5,700 per tonne, while the price of iron ore fines has been…
Nilesh Shah, Managing Director of Kotak Mahindra AMC, said India should enable omnibus investment structures through GIFT City to make investing easier for global investors and NRIs. Speaking alongside industry leaders including Navneet Munot, MD & CEO of HDFC AMC, Shah argued that requiring individual PAN registration creates friction for overseas investors. Participants also called…
India’s auto sector may see some slowdown after the recent fuel price hikes, but this is unlikely to turn into a sharp downcycle like 2019-20 (FY20), according to Jay Kale, Executive Vice President-Research at Elara Capital. He believes passenger vehicles (PVs) and two-wheelers remain relatively resilient, even as inflationary pressures begin to affect demand sentiment….
From Rs 1,200 to a Gold Empire: The Rajesh Mehta Story Now Under SEBI Scrutiny Every great Dalal Street story has a beginning that sounds almost too good to be true. Rajesh Mehta’s beginning actually was good, which is precisely what makes everything that allegedly followed so difficult to process. Born on June 20, 1964…
A total of 45 listed companies are set to trade ex-date for several corporate actions, including dividend, bonus issue, rights issue and stock split between June 8 and June 12, 2026. Upcoming Record Date for Dividend, Bonus Share, Stock Split: Investors will have a busy week ahead as many as 45 companies listed on the…
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…
