NSE share market NEWS tomorrow (07 June, 2021). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (07 June, 2021). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 07 June 2021
Mazagon Dock was amongst the top gainers, currently trading at 274.00 in NSE with 4.568 times change in volumes and 19.755% change in price. Other gainers included Yes Bank with 9.455% price change and 3.088 times volumes, Indian Rail with 9.008% price change and 17.085 times volumes, Computer Age with 8.608% price change and 3.199 times volumes, and Torrent Power with 6.908% price change and 9.623 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Nmdc was amongst the top losers, currently trading at 182.30 in NSE with 1.411 times change in volumes and -5.691% change in price. Other losers included Adani Enterprises with -4.506% price change and 0.727 times volumes, Bajaj Finance with -4.4% price change and 1.16 times volumes, Kei Industries with -3.099% price change and 0.536 times volumes, and Phoenix Mills with -2.979% price change and 0.502 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
IOC to invest Rs 24,000 cr in Gujarat refinery expansion, petchem project. State-owned Indian Oil Corporation (IOC) on Monday said it has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Exp
Coal India's e-auction sales up 52% YoY in April-May, as demand rises. Firm posts 16% add-on over notified price during April-May 2021 versus 7% in same period last year
Hopeful to come out of PCA framework very soon, says UCO Bank MD. The government in the last round had infused Rs 14,500 crore of equity in Central Bank of India, Indian Overseas Bank, Bank of India, and UCO Bank
Swiggy expands Covid-19 related benefits for 150,000 delivery partners. Paid time off, insurance and hospitalisation cover, support of Rs 14,000 for two weeks under "Swiggy Suraksha" package; doorstep delivery of home-style meals in some cities
Suraksha group sweetens offer for Jaypee Infra by Rs 1,298 crore. CoC to meet on June 10 to decide on voting on NBCC, Suraksha offers
Tata Digital to invest mn in Curefit; Bansal to join co as President. Tata Digital on Monday said it will invest USD 75 million (around Rs 550 crore) in fitness-focused Curefit Healthcare for an undisclosed stake.
Tata Digital names Mukesh Bansal President, to invest mn in his CureFit. Bansal retains leadership role at CureFit
IndiGo sees domestic traffic recovering by Q3FY22 as vaccination picks up. The company will not pay any dividend for FY21
Thales appoints former Airbus executive as head of India business. Saraf also headed the Tata-Sikorsky joint venture in Hyderabad and worked with Deloitte Consulting and Dassault Systemes, in the United States and Europe
Tata Digital to invest up to mn in fitness startup CureFit. Appoints cofounder Mukesh Bansal as President
PM announcement on Covid vaccine to help ensure quick rollout: India Inc. Prime Minister Narendra Modi's announcement that the central government will provide free coronavirus vaccine to states will help ensuring quick rollout of vaccine, India Inc said on Monday.
Top headlines: Vaccination to be centralised, says PM; Sebi fines FT AMC. Business Standard brings you the day's top headlines
Hyatt Regency Mumbai suspends operations due to lack of funds. The Country Head also said that future reservations through Hyatt booking channels will remain temporarily unavailable.
Flipkart launches QR-code-based pay-on-delivery facility for customers. Walmart-owned Flipkart on Monday launched a contactless, QR-code-based payment facility for all its pay-on-delivery shipments. Consumers who opt for cash on delivery can use this facility, scan the QR code attached to their purchase and make a digital paym
Hyatt Regency Mumbai shuts operations indefinitely due to lack of funds. Asset owner Asian Hotels facing financial crunch, defaults on loan repayment
Skoda Auto India commences production of its upcoming SUV Kushaq. Skoda Auto India on Monday said it has commenced production of its upcoming SUV KUSHAQ, the deliveries of which will commence in July. The model, which is the first production car as part of the company's India 2.0 project, is being rolled out from the Sko
Paytm makes offer for sale ahead of planned IPO; AGM on June 30. The board of One97 Communications Ltd, which owns Paytm, has given an in-principle approval to the offering plan
HSBC names company veteran Hitendra Dave as CEO of India business. Hitendra Dave is a member of Reserve Bank of India advisory committees.
G7 deal on minimum global corporate tax: Reason, likely impact explained. Agreement paves way for levies on multinationals in countries where they operate, instead of just where they are headquartered.
DHFL shares rally nearly 10% after company reports profit in Q4 earnings. Shares of Dewan Housing Finance Corporation (DHFL) on Monday jumped nearly 10 per cent after the company reported a consolidated net profit of Rs 96.75 cr for the quarter of fiscal ended in March 2021
Tata Steel Mining successful resolution applicant for Rohit Ferro-Tech. The Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata Steel Mining as the successful resolution applicant for the insolvent ferro alloy manufacturing company
Bajaj Finance's shares fall as company says lockdowns pulling down business. Company says growth plan for its asset under management (AUM) in FY22 will see an impact of Rs 4,000 crore at least
JSW Group amalgamates large project divisions of steel & cement businesses. The billion JSW Group will now have a single group interface for all its large project divisions in the steel and cement businesses.
ED transfers Rs 5,600-cr UBL shares to recovery officer's demat account. Liquor firm United Breweries on Monday said ED has transferred 4.13 crore equity shares of the Vijay Mallya-promoted firm worth over Rs 5,600 crore to the Demat account of recovery officer of the DRT
ICICI Prudential Life announces Rs 867 cr bonus for policy holders. ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore for all eligible participating policy holders for FY2021.
ICICI Pru Life announces highest-ever bonus of Rs 867 cr to policyholders. ICICI Prudential Life Insurance on Monday declared its highest-ever annual bonus of Rs 867 crore for the policyholders for FY21. "ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore for all eligible participating policyholders for
SBI invests undisclosed amount in digital payments startup Cashfree. Country's top lender seeks to promote digital payments. Last November Cashfree had raised .3 mn in Series B funding, led by UK's Apis Growth Fund II
Coal India's e-auction sales up 53% in Apr-May at 21.5 million tonne. CIL scripted an all-time high of 124 MT in e-auction sales in 2020-21 posting 88 per cent growth over the preceding year.
Net loss of Central Bank of India, tipped to be privatised, narrows in Q4. Central Bank of India stock closed at Rs 23 apiece on the BSE, a jump of 7.98 per cent over the previous close.
MRF reports 51% dip in net profit at Rs 332 cr in fourth quarter. Shares of the company were trading 2.39 per cent down at Rs 82,898 apiece on the BSE.
ICICI Pru announces Rs 867 cr annual bonus for participating policyholders. Around 980,000 customers are likely to benefit from this bonus
Neuberg Diagnostics says will cross Rs 1,000 cr revenue milestone in FY22. The company is planning to set up 10 more labs in the northern and eastern parts of the country for deeper penetration
Biscuit maker Parle Products forays into packaged wheat flour market. Parle-G, set up in 1929, operates in the biscuits, snacks, and confectioneries categories.
State-owned Union Bank of India fourth quarter profit at Rs 1,330 crore. It incurred a net loss of Rs 2,503.18 crore in the year-ago quarter.
DHFL back in the black, posts Rs 97-crore net profit in March quarter. While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT
Original content creators losing money as digital piracy rises: EY. The second wave of Covid-19 has accelerated digital piracy in India, which was already on the rise when the pandemic hit the country last year, making original content creators lose money
Asian Paints expects demand uncertainty in home improvement categories. Asian Paints expects an 'uncertainty in demand' in the home improvement categories on account of disruptions in operations after the second wave of the coronavirus pandemic
Dr Reddy's recalls 2,980 bottles of cholesterol lowering drug in US. Drug major Dr Reddy's Laboratories is recalling 2,980 bottles of Atorvastatin Calcium tablets in the US due to quality issues.
Coal India alive, sensitive to need of environmental protection: Chairman. Coal India chief Pramod Agrawal has said that the coal behemoth is alive and sensitive to the need of environmental protection and the PSU pursues sustainable mining practises persistently. The statement assumes significance especially when when there has
Enterprise services emerge as 'new value engine' for telcos: Report. As digital transformation has gathered an unprecedented pace amid the pandemic, enterprise services have emerged as the new value engine for telecom services providers,report by ICICI Securities.
SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFID. SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up Rs 20,000 crore called National Bank for Financing Infrastructure & Development
Amazon employees turn into Covid warriors to fight pandemic in India. The team works 24x7 to support colleagues, their families and friends. Its helps find hospital beds, ambulances and isolation centres and addresses queries on claims, insurance, leave and pay advances
Holisol Logistics raises capital from Northern Arc Capital. Holisol, India's leading exchange-to-exchange tech-enabled supply chain solutions company, said it has raised USD 3 million from digital debt platform Northern Arc Capital.
Pine Labs may raise additional funds; aggressively scaling online biz. Close on the heels of a USD 285-million investment round, fintech major Pine Labs may raise additional funds in the coming weeks according to company official.
DHFL posts profit of Rs 97 cr in Q4, versus loss of Rs 7,507 cr a year ago. Dewan Housing Finance Corporation (DHFL) on Sunday reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021.
Food tech startup Daalchini Technologies plans to raise growth capital. Food-tech startup Daalchini Technologies plans to raise growth capital of up to USD 8 million (around Rs 58 crore) in the next 2-3 years to support its growth plans.
Rel Infra to raise Rs 550 cr from Anil Ambani group, Varde Investment. Of the total, Rs 400 crore will be invested by Anil Ambani group and the rest by Varde Partners
Tata Steel Mining gets successful resolution applicant for Rohit Ferro-Tech. Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday.
South African court freezes assets of Gupta family and associate. A South African court on Friday froze the assets of the controversial Indian-origin Gupta family and their associate, Iqbal Meer Sharma, which included palatial homes in upmarket areas
BSE StAR MF signs MoU with GUMCCSL to deepen network for rural engagement. BSE StAR MF, India's largest mutual funds distributor platform, has signed a memorandum of understanding with Godavari Urban Multi State Credit Co-Op Society Ltd (GUMCCSL) at Nanded
Bird Group executive director Ankur Bhatia passes away at 48. Bird Group executive director Ankur Bhatia died on Friday at the age of 48 due to a massive cardiac arrest
PNB to transfer bad loans worth Rs 8,000 crore to NARCL. In current quarter, the bank expects substantial recovery from DHFL, although there are some issues lingering in NCLAT, its MD said
IPO-bound Paytm narrows losses to Rs 1,701 cr, reduces expenses in FY21. Revenue from operations fell 14.5 per cent to Rs 2,802.41 crore during the year, according to the Ant Financial-backed company's annual report
Punjab National Bank eyes three-fold rise in profit in fiscal 2022. Despite Covid-19, the bank's profit surged over five times during the financial year ended March 2021
Gujarat discoms sign pacts for 3,979 solar projects with 2,500 MW capacity. State Energy Minister Saurabh Patel said that the development is a major boost towards the state's commitment to promote renewable energy.
IndusInd Bank plans to raise climate financing to 3.5% in two years. Private sector IndusInd Bank on Saturday said it will reduce carbon emissions to 50 per cent in next four years and raise climate financing to 3.5 per cent in two years.
Suraksha Group seeks more time to submit final bid for Jaypee Infratech. This is the fourth round of the bidding process in the matter of JIL bankruptcy case.
Oyo-NCLT case: Hotelier to withdraw insolvency plea against Oyo unit. Rakesh K Yadav says he got Rs 16 lakh as part of settlement
BoB board approves setting off losses against share premium account. For fiscal year 2020-21, the bank reported a net profit of Rs 828.95 crore, up 52 per cent from Rs 546.18 crore a year ago.
WWDC 2021: Apple to boost iPad features, privacy tools at developer event. The virtual event beginning Monday will also include software updates for the Mac, Apple Watch and Apple TV as well tools developers can use to build apps
IndiGo Q4: Loss widens to Rs 1,147 cr as higher fuel costs, virus hit biz. The country's largest airline's revenue from operations fell 25 per cent to Rs 6,223 crore as compared to Rs 8,299 crore in the corresponding quarter of the last year
Value of India's top 100 brands up 2% in 2021; Tata Group most valuable. Among the brands that came on the top of the list include Tata Group, Reliance Industries, and Mahindra Group
DPIIT issues guidelines on Rs 6,236 crore PLI scheme for white goods. The objective of the scheme is to create a complete component ecosystem in India and make the country an integral part of global supply chains
Religare Finvest's revised debt restructuring plan enters final stage. RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business
NBCC submits final bid to buy Jaypee Infra; Suraksha seeks more time. State-owned NBCC on Friday submitted its final bid to acquire Jaypee Infratech Ltd (JIL) while rival Suraksha group sought more time to make the final offer for the debt-laden realty firm
Consumer confidence falls to an all-time low, shows RBI survey. The survey was conducted through interviews on the phone from April 29 to May 10 in 13 major cities
IndiGo to report Q4 results on Saturday; Here's what analysts expect. Indigo Q4 Results: Painting a grim picture, Centrum Broking expects IndiGo's net loss to widen sequentially to Rs 743.3 crore from Rs 620.1 crore incurred in Q3FY21
Air India disinvestment will be completed in 2021: Hardeep Singh Puri. The second wave of Covid-19 may slow down disinvestment process but he has assured that the disinvestment of Air India will be completed in 2021
ICICI Lombard says AI service helped it improve policy sale, claims. Response time to customer request reduced from 12 hours to 2 hours, says insurer
Blackstone acquires media firm International Data Group for .3 billion. Leading investment firm Blackstone has acquired media and data company International Data Group (IDG) for .3 billion
Lenskart Foundation launches WhatsApp chat-based Covid-19 relief helpline. The WhatsApp-based helpline at 892-947-6589 provides information on what to do if diagnosed with Covid-19, using inputs from a panel of doctors
Jio deploys additional 20 MHz spectrum across Odisha to enhance experience. In a bid to enhance subscriber experience in Odisha, Reliance Jio, has successfully completed deployment of additional 20 MHz spectrum acquired in the recent spectrum auctions.
Baggage delivery firm CarterX raises funds from Venture Catalysts. On-demand baggage delivery platform CarterX on Friday said it has secured an undisclosed seed-round from Venture Catalysts
BoI posts Q4 profit of Rs 250 cr versus Rs 3,571 cr loss a year ago. Full year (FY21) profit at Rs 2,160 crore, as against loss of Rs 2,957 crore in FY20
Life sciences firm Bayer launches consumer health division in India. The division will strengthen Bayer's presence in India
Bharat Forge rides on robust sales, reports Q4 net profit of Rs 212 cr. The company had posted a consolidated net loss of Rs 68.59 crore in the same quarter previous fiscal, Bharat Forge Ltd (BFL) said in a regulatory filing
Adani to offer green tariff to all consumers at a slightly higher cost. Switch can be done with the immediate billing cycle; customers will receive a Green Power Certificate each month
Carbon emission by Indian IT down 85% due to WFH, digitisation: Study. Pandemic has propelled India's 4 bn outsourcing industry towards carbon neutrality with hybrid working models, e-mobility and digital disruption for campus hiring
Realty consultants' data on occupancy differs from companies' nos : Ind-Ra. While the data from the listed REITs and companies rated by India Ratings clearly is raising concerns, that provided by real estate consultancies projects a sanguine picture
NIIT inducts promoters' children Udai Pawar, Leher Thadani to board. The appointments shall be effective from the date of approval by shareholders at the forthcoming AGM
IKEA enters Gujarat through online store and shopping app. Swedish home furnishings retailer on Friday announced the launch of its mobile shopping app and e-commerce offer in three cities of Gujarat Ahmedabad, Surat, and Vadodara. Now customers of three cities can buy IKEA products using the app or order online v
Havells India confident of demand revival, says CMD Anil Gupta. The company is working on product development and emerging consumer trends
Swraj Paul's Bull Moose Tube Co to build 350,000-tonne pipe mill in the US. The mill will be set up at an investment of 0-250 million
PNB posts net profit of Rs 586 crore in Q4; NII rises 48%. The bank's gross non-performing assets (NPAs) increased to 14.12 per cent in the March quarter
Artha Venture Fund announces final close of Rs 220 crore debut fund. A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target
Govt must consider Air India's massive financial burden: CAPA India. The government must consider Air India's massive financial burden, which is likely to be a potential liability of billion and look at possible changes to the contours of the proposed sale
Ericsson joins hands with UNICEF to help in fight against Covid-19 in India. Swedish telecom gear maker Ericsson on Thursday said it has donated to UNICEF around million as a contribution from the company
Masayoshi Son-led SoftBank Group may invest 0 million in Flipkart. Japan's SoftBank is looking to invest in Flipkart, three years after it sold its entire stake in the company to Walmart Inc, the world's largest retailer
Aviation firms in talks with banks to raise debt under modified ECLGS. On Sunday govt allowed firms in civil aviation sector that are facing headwinds to borrow up to Rs 200 cr fresh loan under the scheme
TechEagle gets approval to deliver medicines using drones in Telangana. Delivery is being done in collaboration with the Government of Telangana, NITI Aayog and World Economic Forum
ACME Solar to sell 50% stake in 900 Mw solar plant to Norway's Scatec. Scatec enters in partnership, ACME had quoted record low tariff of Rs 2.44 a unit for the project
Covid-19 pandemic: Serum Institute seeks indemnity for jab again. In talks with RDIF to manufacture Sputnik V in India
Bharat Biotech, Ocugen extend agreement to market Covaxin in Canada. Phase 3 analysis data to be submitted to WHO soon for EUL
PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D. If a company invests Rs 100 crore, it can account for Rs 5 crore as technology transfer and Rs 15 crore as R&D expenditure.
SBI does balancing act between financing coal projects, appeasing investors. Lender needs to finance coal projects to electrify more Indian homes, as it works with investors like BlackRock Inc that are keen on renewables.
Manipal Group buys Vikram Hospital for Rs 350 cr in second deal this year. Billionaire Ranjan Pai-controlled hospital chain had earlier taken over Columbia Asia's India operations for Rs 2,100 cr
Lupin to enter digital healthcare space; to provide platform for doctors. Lupin said it will enter the digital healthcare space in India with a focus to provide a digital therapeutics platform for doctors and patients.
Tata Motors raises 5 mn in offshore bonds to pare debt, meet expenses. Of the proceeds raised, Tata will use 8 million to refinance existing loans and the rest to meet corporate expenses
Wipro becomes third Indian IT firm to scale Rs 3 trillion market cap. India has total of 13 listed firms that have crossed the Rs 3 trillion m-cap. Wipro now ranks 14th.
Chamath Palihapitiya files four more SPACs with partner Suvretta. Chamath Palihapitiya plans to raise four more special purpose acquisition companies which add to the six blank-check companies he has already raised.
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