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NSE share market NEWS tomorrow (03 June, 2021). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (03 June, 2021). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 03 June 2021

Inox Wind was amongst the top gainers, currently trading at 87.25 in NSE with 7.104 times change in volumes and 13.681% change in price. Other gainers included Pnb Housing with 9.996% price change and 0.537 times volumes, Oberoi Realty with 9.457% price change and 9.457 times volumes, Suzlon Energy with 9.302% price change and 1.069 times volumes, and Voltas with 7.458% price change and 5.345 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.

Persistent Systems was amongst the top losers, currently trading at 2412.55 in NSE with 1.03 times change in volumes and -2.627% change in price. Other losers included Indusind Bank with -2.164% price change and 3.532 times volumes, Cyient with -1.375% price change and 1.542 times volumes, Solar Industries with -1.239% price change and 0.515 times volumes, and Lupin with -1.191% price change and 0.241 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.

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.

Deutsche tells US investment bankers they must be back in office by Sep 6. Deutsche Bank is still working through how much flexibility it will offer employees over the long term, according to a separate memo earlier this week from investment-banking chief

Amid pandemic, chairman Mukesh Ambani drew no salary in FY21: Reliance. In the previous fiscal year, he drew a Rs 15 cr salary from the company - the same as in the previous 11 years

Tata Consultancy Services targets to achieve net zero emissions by 2030. In FY 2021, TCS' specific carbon footprint across scope 1 and scope 2 was lower by 61.6 per cent compared to baseline year FY 2008.

Steel becomes costlier; companies hike rates by up to Rs 4,900/tonne. The price revision has been made in the last two days, the sources said.

Britannia Industries to raise Rs 698.51 crore via bonus debentures. Britannia Industries on Thursday said its board has approved a proposal to raise Rs 698.51 crore by issuing bonus debentures to eligible equity shareholders.

Arvind Fashions fourth quarter net loss narrows to Rs 99.45 crore. This was helped by higher revenue from operations.

BMW launches contactless vehicle service initiative for customers in India. As per the initiative, customers can select the required type of service, choose a convenient date and time slot along with the nearest BMW workshop.

SoftBank-backed Ola expands leadership team with appointment of new CFOs. G R Arun Kumar joins as the Group CFO for Ola and CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola's mobility, financial services and foods biz

Can't have auto-restoration of slots to Jet Airways: Centre tells NCLT. When Jet shut operations, slots allocated to it were temporarily distributed among other airlines. which had to immediately create infra so that the public does not face any hardship

India's IDBI Bank secures 9 mn debt judgment in UK High Court. IDBI Bank has secured a USD 239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group, believed to be one of the largest debt judgments obtained by an Indian bank in the Eng

HDFC Bank announces plans to become carbon neutral by 2031-32. The lender is also working on a framework for issuing green bonds.

IPV leads early-stage funding of Rs 3 cr in music learning startup Spardha. A few US-based HNIs also participated; firm offers personalised courses, has grown 10x in past 12 months of pandemic, with over 5,000 registered users and over 1,300 paid users in India and the US

As many as 50,000 startups recognised by DPIIT: Commerce Ministry. As many as 50,000 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) till date, an official statement said on Thursday.

Reliance Retail got sizable revenue in FY21 from digital commerce. The digital commerce and merchant partnerships business has gained significant traction in the wake of Covid-induced disruptions

TCS aims to reduce emissions by 70% in 2025, bring down to zero by 2030. Company has set forth this new carbon reduction goal after having achieved the previous target of reducing its specific carbon footprint by half by 2020

User privacy highest priority: WhatsApp response to govt affidavit in Court. Messaging platform says govt is trying to stop privacy policy update, which is a private contract between WhatsApp and its users, without any legitimate factual or legal bases

Indian airlines may post .1 billion consolidated loss this fiscal: CAPA. Airlines are estimated to need closer to billion of recapitalisation in 2021-22 just to survive, including requirements generated through the course of 2020-21, it said.

Digital tax row: US suspends additional tariffs on India, 5 other countries. USTR Katherine Tai, in a statement, announced the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by Austria, India, Italy, Spain, Turkey and the UK

IT firm Wipro sells entire stake in Denim Group for .4 million. IT company Wipro on Wednesday said it has sold its entire stake in Denim Group for a consideration of USD 22.42 million (about Rs 160 crore).

Tesla begins recruiting for leadership, senior level roles in India. Elon Musk's company reportedly recruiting for positions including a head of sales and marketing, and a head of HR

Tata Power Solar gets letter of award from NTPC for Rs 686-cr project. Tata Power Solar has got a letter of award for an order worth Rs 686 crore from state-owned power giant NTPC, according to a statement.

Chemical firm Rossari Biotech to acquire Unitop Chemicals for Rs 421 crore. Speciality-Chemicals manufacturer Rossari Biotech on Wednesday announced the acquisition of Unitop Chemicals, a supplier of surfactants, emulsifiers, and specialty chemicals, for Rs 421 crore.

Mukesh Ambani says Reliance now has strong balance sheet to support growth. Mukesh Ambani says RIL now has strong balance sheet with High liquidity to support growth plans of Jio, retail and oil-to-chemical businesses

K2V2 Tech expects Kylas CRM software to be Rs 70 cr revenue rate in 3 yrs. IT company K2V2 Technologies expects its newly-launched SME-focused CRM software Kylas to break-even in six months and touch annual revenue rate of Rs 70 crore in the third year of operation.

Muthoot Finance Q4 net profit up 22% at Rs 996 cr; loan assets up 27%. Gold loan finance company Muthoot Finance Ltd (MFIN) on Wednesday reported a 22 per cent jump in standalone profit after tax at Rs 996 crore for the three months to March 2021.

Mallya case: Banks' claim of Rs 6,200-cr loss not imaginary, says court. A special court in Mumbai has said the banks that had granted loans to fugitive liquor baron Vijay Mallya, have suffured losses

Nayara Energy selects Hughes India to connect 3,500 retail outlets. Satellite services provider Hughes Communications India on Wednesday announced it has won a contract from oil retailer Nayara Energy to manage a satellite network solution across 3,500 retail outlets.

Wipro sells stake in Denim Group for .42 mn, acquires stake in Squadcast. Wipro, in 2018, had acquired 33.33 per cent stake in Denim Group, an independent application security firm, for .83 mn

Reliance Infra board meeting on June 6 to consider fundraising. Fresh infusion of funds will enable the company to become zero debt company by March 2022

Jio accelerating digital platforms, indigenously-developed 5G stack: RIL. Jio is accelerating the rollout of digital platforms and indigenously-developed next-generation 5G stack, Reliance Industries' annual report has said

Top headlines: SC pulls up Centre over vaccination; PVR Q4 net loss widens. Business Standard brings you the day's top headlines

Airtel Africa sells tower portfolio in Tanzania for about 5 million. Airtel Africa is a provider of telecommunications and mobile money services with a presence in 14 countries across the continent

PVR widens Q4 net loss, revenue declines 60% amid Covid-19 pandemic. The company had posted a net loss of Rs 74.49 crore in the same quarter of the last financial year

Reliance Industries' balance sheet is strong, says Mukesh Ambani. Submits a proposal for use of niclosamide as potential Covid drug

Greaves Cotton to spend Rs 110 cr on capex; mostly on electric two wheelers. Diversified engineering company Greaves Cotton Ltd plans a capital expenditure of about Rs 110 crore this year of which majority will be on its electric two wheeler plant at Ranipet in Tamil Nadu

Urban Company raises 5 million, valuation crosses .1 billion. Home services marketplace Urban Company on Wednesday said it has raised 5 million (about Rs 1,857 crore) in funding led by Prosus Ventures, Dragoneer and Wellington Management

Coal India's billion annual wage bill set to rise amid rocky outlook. The state-owned company is expected to begin talks this month that could result in paychecks climbing 20% or more.

Phoenix Mills, Singapore's GIC set up JV to invest in retail properties. GIC will acquire minority stake in PML's portfolio of retail‐led mixed‐use properties

Venus Remedies posts 61% increase in FY21 annual sales at Rs 548 crore. Pharmaceutical firm Venus Remedies has recorded a 61% increase in annual sales at Rs 548.12 crore in the financial year 2020-21

Urban Company crosses .1 bn valuation, plans international expansion. Home services startup plans to go to 100 more Indian cities after raising 5 million in funding

IAS officers Avinash Joshi, Niraj Verma among 10 in fray for ONGC top job. ONGC is India's largest oil and gas producer

Google search engines not an intermediary under new IT Rules, says co. Files an appeal to set aside part of an order passed by Delhi HC in April that regards the search engine as a social media platform

Mercedes shifts retail sales structure in India to direct-to-customer model. The move is aimed at bringing better financial health for its dealer partners while offering customers uniform transparent price, a wider choice of vehicles and a seamless purchasing experience.

Bharti Airtel's subsidiary sells tower portfolio in Tanzania for 5 mn. The tower portfolio in Airtel Tanzania comprises about 1,400 towers that form part of the group's wireless telecommunications infrastructure network.

Edtech firm Byju's and Google tie up to offer learning solution to schools. Integration of Google Workspace for Education with Byju's will offer a personalised digital platform for classroom organisation, available free to participating institutions

Zoho's CRM offering Bigin adds 7,500 customers in a year since launch. Bigin is also releasing an industry-first mobile pipeline view, to help small businesses foster customer ties while recovering from effects of Covid-19

Motherson Sumi Systems posts nearly eight-fold jump in Q4 profit. Consolidated net profit in the quarter came in at at Rs 1,018.69 crore

Sun Pharma, Ferring Pharma ink pact to introduce obstetric drug in India. The drug is indicated for the prevention of excessive bleeding in women after vaginal or caesarean childbirth

PVR's Q4 net loss widens to Rs 289 cr due to Covid-led disruptions. The company continued to be impacted by the Covid-19 pandemic

Tata Consumer Products steps up coffee play with premium offerings. The company has rolled out a premium range of customised coffee under Sonnets brand, eyeing the Rs 100 crore artisanal coffee market

70 brands partner with 'Myntra for Earth' to offer sustainable fashion. Nearly 62% visitors to the 'Myntra For Earth' store are women, with metro cities contributing about 40% of the overall visits to the store

Walmart's PhonePe crosses 300 mn registered users, merchant network grows. The service now has over 20 million offline merchants across 11,000 towns and talukas in India

Muthoot Finance fourth quarter net profit up 22% at Rs 1,024 crore. The company had posted a net profit of Rs 835.75 crore during the corresponding January-March period of 2019-20.

Supply chain tech startup Locus raises mn from Qualcomm, Tiger Global. Series C funding led by Singapore's sovereign wealth fund GIC; Falcon Edge and a clutch of angels also participate

'Don't want to fly in private jet, own a yacht': Zerodha CEO Nithin Kamath. Nithin and his brother expected to earn home a salary of up to Rs 100 crore each for running India's largest stock brokerage firm. Nithin's wife to get same salary package as well.

Noel Tata, Pramit Jhaveri front runners to join Tata Sons board. Noel, half brother of Tata group patriarch Ratan Tata, was inducted on the board of Tata Trusts in 2019 for three years

MG Motor India reports sale of 1,016 units in May amid Covid-related woes. The company's sales were impacted by the lockdown imposed to curb the second wave of the Covid-19 pandemic along with production constraints due to diversion of oxygen for medical use.

Bajaj Auto posts 114% sales growth year-on-year to 2,71,862 units in May. Bajaj Auto has reported 114 per cent growth in its total vehicle sales at 2,71,862 units in May compared to the same month last year

Toyota reports sales of 707 units in May as lockdown, curbs hit dispatches. Toyota Kirloskar Motor reported total sales of 707 units in May amid the prevailing lockdowns and restrictions in several parts of the country due to coronavirus pandemic

Outsourcing service provider BLS to help Amazon expand India footprint. The company provides outsourcing services to governments and diplomatic missions globally

Google-backed Dunzo to pilot drone delivery of medicines in India. The impetus will be on enabling emergency medical deliveries which could include Covid-19 vaccines under the "Medicine from the Sky Project"

Edtech startup Avishkaar raises Rs 5 crore of funding in pre-series A. Avishkaar plans to utilize the funding towards product development and further expansion of its portfolio in addition to hiring talent

IIT Madras-incubated GalaxEye raises pre-seed from Speciale Invest. GalaxEye said it will use the funds to strengthen its space technology and build a "world class team" India.

Shell Dutch ruling: OPEC and Russia seen gaining more power, business. Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster

Amid Covid-led disruptions, Maruti sees 71% sequential decline in May sales. 'Since neither of the two months had normal production, the sales volume of May 2021 are not comparable with May 2020,' says the carmaker

TTK Prestige concludes long-term settlement with workers at Gujarat plant. Kitchen appliances maker TTK Prestige on Tuesday said it has concluded a long-term settlement covering all its workmen at the manufacturing unit in Gujarat

Cognizant starts Covid vaccination drive for 650,000 staff and dependents. Ensures delivery of 1,000 oxygenated beds, ventilators, life-saving supplies with .5 mn relief funding

Indian startups to get 0-mn VC fund focusing on 4 areas of climate tech. The fund is targeting 15-20 investments with ticket size of 0,000 to million

Kapil Wadhawan moves SC over NCLAT stay against his Rs 91,000-cr DHFL offer. NCLAT was scheduled to hear the reply of Wadhawan on June 25, but he moved SC before that

Adani, GMR among firms in next round for Mumbai's CSMT rly station revamp. Redevelopment cost pegged at Rs 1,642 cr; project to be executed on design, build, finance, operate and transfer (DBFOT)-basis

Seeking clarity, guidance from govt for Covid vaccine import: Cipla. Pharma major Cipla on Tuesday said it is seeking clarity and guidance from the government on the possible roadmap to import vaccine, while stressing that it has been at the forefront of Covid-19 care

India tops ransomware attacks globally with 68% entities impacted: Sophos. 67% Indian organisations whose data was encrypted paid to get their data back

Suzlon bags order to develop 252 MW wind power project from CLP India. Suzlon Group has bagged an order from CLP India to develop a 252 MW wind power project at Sidhpur in Gujarat, a statement said

Capgemini sets up 5G lab in Mumbai; its first in Asia and third globally. Lab set up in collaboration with Ericsson, spread over 1,300 sq ft

ITC Infotech to cover Covid-19 jab cost for entire global staff, dependents. The company is also helping employees scout for hospital beds, access medicines and arrange for plasma & oxygen cylinders pan-India, including remote areas

Goyal calls for adding more participants on Govt e-Marketplace platform. Commerce and Industry Minister Piyush Goyal on Tuesday called upon GeM to expand its scope and include more participants for public procurement of products and services.

5G momentum accelerating globally; committed to open markets: Ericsson CEO. Swedish telecom equipment maker Ericsson on Tuesday said 5G adoption is accelerating around the world, and the company remains upbeat about the future given the rapid pace of innovation

Sebi bans eight, including 2 company staff, for insider trading in Infosys. Illegal gains worth Rs 3.06 crore impounded

Social media companies begin updating names of grievance officers in India. While Twitter appointed Dharmendra Chatur as interim resident grievance officer for India, in Bengaluru, WhatsApp named Paresh B Lal, based in Hyderabad

Ex-Citi CEO Pramit Jhaveri, Noel Tata contenders for Tata Sons board. Former CEO of Citi India Pramit Jhaveri and Tata Groups Noel Tata are the top contenders for positions on Tata Sons board as they get vacated

Reliance BP Mobility to provide free fuel to coronavirus ambulances. Reliance BP Mobility Ltd, has deployed a mobile fuel bowser in Mumbai for supplying fuel free of cost to ambulances on Covid-19 duty, a company statement said on Tuesday

Construction industry may resume operations by mid-June: Assocham. The employment-intensive construction industry should witness resumption in operations by the middle of June, though at a curtailed level, industry chamber Assocham said on Tuesday

ITC Q4 consolidated net profit falls 3%, declares final dividend of Rs 5.75. The FMCG major's consolidated revenue from operations rose to Rs 15,404 crore

SBI invites bids from ARCs for two accounts for recovering Rs 409 crore. SBI will auction two NPA accounts later this month for recovery of dues worth Rs 409.45 crore from the companies -- Kamachi Industries Ltd and Tantia Agrochemicals Ltd

3one4 Capital leads early-stage round in healthtech firm Breathe Well-being. The enterprise, which helps people prevent and manage Type-2 Diabetes has raised million

Airlines cut wages, re-negotiate contracts to tide over Covid-19 crisis. Go First cuts pay by 16%, while IndiGo and SpiceJet enforce leave without pay and pay-by-the-hour, respectively

Balrampur Chini Mills Q4 consolidated profit down 2.46% at Rs 235.50 cr. Balrampur Chini Mills on Tuesday reported a 2.46 per cent decline in consolidated profit during the quarter ending March 31, at Rs 235.50 crore compared to the same period of the last financial year

Delhi HC quashes termination of Air India pilots, orders reinstatement. Delhi HC came to rescue of Air India pilots, whose services were terminated by the company in August 2020, as it quashed the airline decision and directed their reinstatement.

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