ACME Solar Holdings Ltd on Monday (June 1) has launched a qualified institutional placement (QIP) to raise up to ₹2,800 crore. The announcement confirms CNBC-TV18‘s newsbreak earlier today. The issue comprises a base size of ₹2,600 crore along with a greenshoe option of ₹200 crore. The indicative issue price has been fixed at ₹279.50 per…
Why foreign investors are turning positive on India despite muted earnings growth Even as India stares at a third straight year of single-digit corporate earnings growth, global investors appear to be regaining confidence in the country’s long-term growth story. According to Arbind Maheswari, Managing Director at Bank of America Securities says that foreign investors are…
Ola Electric Mobility Ltd on Monday (June 1) said its Fundraising Committee has approved the opening of a qualified institutions placement (QIP) of equity shares and fixed a floor price of ₹37.74 per share. The company said the issue was opened on June 1, 2026, following approvals from the board of directors at its meeting…
ICICI Bank Ltd on Monday said its board has approved the appointment of Ashwani Bhatia as an Additional (Independent) Director for a five-year term from June 1, 2026 to May 31, 2031, subject to shareholder approval. The appointment was approved through a resolution passed by circulation, the bank said in a regulatory filing. ICICI Bank…
The Nifty extended its losing streak to a fourth straight session on Monday, shedding 165 points to close at 23,382, its lowest closing level since May 12, as selling pressure intensified across sectors. The benchmark opened on a positive note with a 107-point gap-up, tracking strong global cues. However, the early gains proved short-lived as…
Real estate firm Anant Raj Ltd on Monday (June 1) said it has entered into a memorandum of understanding (MoU) with the Haryana Enterprises Promotion Centre under the government of Haryana for collaboration in data centre and cloud services. The company stated it plans an investment of approximately ₹25,000 crore. The MoU was executed on…
A block deal has been launched in pharmaceutical company Alkem Laboratories, according to sources. The transaction involves the sale of up to a 1.5% stake in the company, with a base deal size of between ₹936 crore and ₹956 crore. The floor price has been set at ₹5,200 per equity share, representing a discount of…
State-owned iron ore miner NMDC Limited on Monday (June 1) reported provisional iron ore production of 5.31 million tonnes (MT) in May 2026, up 19.9% from 4.43 MT a year earlier. Sales stood at 4.04 MT, down 6.9% from 4.34 MT in the same period last year. In Chhattisgarh, production increased to 3.99 MT in…
Wells Fargo raises Microsoft price target to 650, citing homegrown AI models, Build conference tools, and strong OpenAI and Anthropic driven Azure AI revenue despite recent stock dip Microsoft is doubling down on its artificial intelligence-led strategy by debuting a series of homegrown AI models — a move that could catapult shares to new highs,…
Essar Group’s IT arm Black Box Ltd on Monday (June 1) said the company and AIONOS, an AI-native enterprise technology company, have announced a strategic alliance to accelerate AI transformation across enterprises, spanning infrastructure build-out to business outcomes. The alliance combines Black Box’s capabilities in digital infrastructure, including data centres, network connectivity, modern workplace solutions…
