The Enforcement Directorate has conducted search operations across Vedanta Ltd.’s offices in Mumbai and Delhi, sources with knowledge of the matter told CNBC-TV18 on Tuesday, June 2. These search operations are being carried out with regards to the royalty payment made by Vedanta Ltd. to its parent company Vedanta Resources. “We are extending full cooperation…
Midcap Stocks: The probability of portfolio values declining from current levels in the short term is being viewed as higher than the likelihood of an easy rebound, as markets adjust to the prospect of weaker near-term corporate earnings. Analysts indicate that pressure on earnings could become visible in the first quarter of FY27 and potentially…
The board of directors of Dhanuka Agritech has approved a share buyback proposal involving up to 5 lakh equity shares. Under the approved plan, the company will repurchase shares at a price of Rs 1,400 per share. The total size of the buyback has been capped at Rs 70 crore. The buyback will be carried…
The Nifty50 snapped its recent losing streak in Thursday’s expiry session, staging a strong recovery after a weak start. The benchmark index opened with a gap-down and tested its previous swing-low support level, which also marked the day’s low. Buyers stepped in at lower levels and successfully defended key support zones, triggering a sharp rebound…
Sensex Prediction for Wednesday, June 3 by experts: Technical experts are predicting a cautiously bullish to neutral session as the benchmark index attempts to reclaim the psychologically vital 75,000 mark, backed by a powerful rally in IT shares. Sensex Prediction for Wednesday, June 3 by experts: After a spectacular 1,047.07 points intraday high on Tuesday,…
The government on Tuesday (June 2) said the state-owned NHPC Ltd offer for sale (OFS) received an enthusiastic response from investors and was subscribed 3.47 times on the first day of bidding. The government said allocation in the OFS will be carried out on a price priority basis. It also stated that the entire green…
The government has invited applications to fill two whole-time member posts at the markets regulator Securities and Exchange Board of India (Sebi). Currently, there are four whole-time members (WTMs), including Kamlesh Chandra Varshney, Amarjeet Singh, Sandip Pradhan and KVR Murty. Varshney and Singh will complete their three-year tenure in September, although they are eligible for…
Industrial engineering company John Cockerill India Ltd and its wholly-owned subsidiary John Cockerill Metal International SA have received a contract from JSW Vijayanagar Metallics for the design, engineering, supply, building supervision and commissioning of annealing and pickling lines for a CRNO project. The aggregate contract value is estimated at ₹1,250-1,300 crore. John Cockerill India on…
Prism, the parent firm of global travel tech unicorn Oyo, has received the approval of the markets regulator Sebi to raise Rs 6,650 crore through its initial public offering (IPO), people familiar with the development said on Tuesday, as reported by news agency PTI. Earlier in December-end 2025, OYO’s parent entity PRISM filed the preliminary…
Pharmaceutical company Concord Biotech Ltd on Tuesday (June 2) said it has received approval from the US Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA) for mycophenolate mofetil for oral suspension USP, 200 mg/mL. The company said mycophenolate mofetil is an antimetabolite immunosuppressant indicated for the prophylaxis of organ rejection in…
