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…
Infrastructure company PNC Infratech Ltd on Monday (June 1) said it has received a Letter of Acceptance (LOA) from the Lucknow Development Authority for a flyover construction project in Lucknow, Uttar Pradesh. The project involves the construction of a four-lane flyover with two loops and two ramps at the Shaheed Path intersection on the right-hand-side…
IT services major Wipro Ltd on Monday (June 1) said its step-down subsidiary, Wipro IT Services, LLC, will acquire an additional 20% stake in Aggne Global Inc for $28.5 million, taking its overall shareholding in the company to 80%. The transaction is expected to be completed by June 5, 2026. “…it is hereby informed that…
Stock Market Closing: Domestic equities ended lower on Monday, weighed down by weak global cues and persistent geopolitical tensions. Benchmark indices remained under pressure for most of the session, with broad-based selling seen across sectors. The BSE Sensex, after hitting an intraday low of 74,203.68, ended the session at 74,267.34, down 508.40 points or 0.68…
MOFSL’s Large-, Mid-, and Small-cap universe delivered earnings growth of 12%, 36%, and 19% YoY, respectively, in 4QFY26. (AI image) Indian Q4 Earnings Motilal Oswal Review: Corporate India reported a stronger-than-expected earnings performance in the March quarter of FY26, with commodity-linked sectors and financials leading the upside, according to a report by Motilal Oswal Financial…
Foreign institutional investors (FIIs) dumped a record ₹21,105 crore worth of Indian equities on Friday, May 29, marking the largest single-day sell figure on record and renewing concerns over foreign money leaving domestic markets. The heavy selling came as the Nifty continued to trade below its five-year average valuation, raising questions over when overseas investors…
Shares of Eicher Motors fell on Monday, June 1, after its motorcycle subsidiary Royal Enfield reported total motorcycle sales of 103,231 units in May 2026, up 15.4% from 89,429 units in the corresponding month last year and slightly ahead of the CNBC-TV18 poll estimate of 100,000 units. Domestic sales rose 24.1% year-on-year to 94,115 units…
