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NSE share market NEWS tomorrow (02 June, 2021). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (02 June, 2021). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 02 June 2021

Pnb Housing was amongst the top gainers, currently trading at 693.80 in NSE with 9.781 times change in volumes and 9.996% change in price. Other gainers included Suzlon Energy with 9.322% price change and 3.771 times volumes, Adani Enterprises with 9.214% price change and 2.45 times volumes, Muthoot Finance with 8.098% price change and 6.539 times volumes, and Solar Industries with 6.904% price change and 0.457 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.

Itc was amongst the top losers, currently trading at 209.00 in NSE with 2.494 times change in volumes and -2.904% change in price. Other losers included Mphasis with -2.174% price change and 2.132 times volumes, Apl Apollo with -1.965% price change and 1.914 times volumes, Odisha Cement with -1.675% price change and 0.43 times volumes, and Iifl Holdings with -1.665% price change and 0.726 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.

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.

ITC adjusted PAT rises 6.5% in Q4, declares final dividend of Rs 5.75. The board has recommended a final dividend of Rs 5.75 per share; cigarette revenues rose 13.1% at Rs 6,508.43 crore

Royal Enfield sells total 27, 294 units in May, down 49% from April. Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, on Tuesday said it has sold a total of 27,294 units in May, down 49 per cent from 53,298 units in April this year.

Infosys to initiate internal investigation into insider trading case. Infosys on Tuesday said it will initiate an internal investigation into an insider trading matter after markets regulator Sebi barred two of its employees from the securities market in the case.

Carlyle Group to acquire controlling stake in PNB Housing Finance. Aditya Puri to come on board; Carlyle to appoint chairperson

IndiGo brings leave without pay for senior staff to tide over Covid impact. The airline said senior employees would have to go on compulsory leave without pay for up to four days per month till September as passenger traffic has reduced due to the second Covid wave

India's second Covid-19 wave rattles business confidence: Ficci survey. According to Ficci's Business Confidence Survey, there was a "sharp deterioration" in the optimism level of corporate India vis-a-vis the previous survey

Order book position of road EPC firms to get better, says CRISIL. Asset monetisation in the roads sector will see an acceleration as EPC companies in this space pursue growth

Madras High Court orders Covid-related audit of Renault-Nissan plant. Workers at the plant are on a strike over allegations that social distancing rules are not being followed

Court orders coronavirus-related audit of Renault-Nissan factory. The standoff is a sign of the challenges companies face in resuming operations when new infections in India are rising.

Cipla says close to committing billion to Moderna for booster vaccine. The company has further requested for the government's assurance that no price capping would apply for imported vaccines to be provided through private hospitals

CII elects Tata Steel CEO and MD T V Narendran as its new president. In a statement, it said that Narendran has been engaged with CII for many years at the state, regional and national level

Logistics firm Delhivery raises 7 million, now valued at billion. Delhivery has reportedly raised 7 million in its latest round of funding, taking its market valuation to nearly billion

Construction firm J Kumar Infraprojects bags Rs 1,307.8 cr order from MMRDA. Civil engineering and construction company J Kumar Infraprojects Ltd on Monday said it has bagged an order worth Rs 1,307.88 crore from the Mumbai Metropolitan Region Development Authority

Insurance startup Plum raises .6 mn Series A funding led by Tiger Global. Group health insurance startup Plum said on Monday it has raised a USD 15.6 million Series A led by Tiger Global with participation from earlier investors Sequoia Capital India's Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Angel inv

Jai Kisan, startup for financial services in rural India, raises mm. Jai Kisan said it will use the funds to expand in tier-2, tier-3 cities and rural parts of the country.

Rural fintech startup Jai Kisan raises mn in funding from Mirae Asset. Rural fintech startup Jai Kisan on Monday said it has raised USD 30 million (about Rs 217 crore) in a combination of equity and debt funding led by Mirae Asset

Tiger Global leads .6 mn round in health insurance startup Plum. Tiger Global's investments this year have helped Cred, Innovaccer, ShareChat and other companies to become unicorns.

Raymond Limited appoints Harmohan Sahni as CEO of realty business. Raymond Ltd on Monday said it has appointed Harmohan Sahni as chief executive officer (CEO) of its realty business

SKF India to offer financial support to employees amid Covid-19 pandemic. SKF India on Monday announced COVID-19 support for employees and their immediate family members in the unfortunate event of an employee succumbing to the coronavirus infection

Airtel extends free vaccination programme for nearly 80,000 staff. Airtel is extending the free vaccination programme to nearly 80,000 employees of over 15,000 partners and distributors to prioritise inoculation of frontline staff

Housing.com launches price index for residential properties with ISB. Housing.com and ISB launched an index to track prices of residential properties across eight major cities as part of their effort to provide real-time data to all stakeholders

Second Covid-19 wave impact manageable for most of India Inc: Fitch. 'Weaker domestic demand is a key channel of risk transmission for businesses. However, lockdowns in 2021 have been less stringent,' says the rating agency

Ananth Narayanan starts Mensa Brands after exit from PharmEasy-Medlife deal. Mensa aims to create a tech-led 'House of Brands' for e-commerce industry; has closed Series A round, raising mn from Accel, Kunal Shah, Mukesh Bansal and Scott Shleifer of Tiger Global

Paytm to raise .5 bn via primary issue of shares ahead of IPO: Source. Company is looking to file its DRHP by July

Steel stocks rally on possible price hike, SAIL tops with 4.6% spike. Rebound in Chinese steel futures fuels positive sentiment

Bank of Baroda shares close nearly 4% lower after fourth quarter net loss. The stock declined 3.81 per cent to close at Rs 80.65 at the NSE.

NBFC Magma Fincorp net loss widens to Rs 648 crore in March quarter. The company had posted net loss of Rs 355.08 crore during the January-March period of FY20

Delhivery raises 5 million funding, valuation rises to over billion. Delhivery on Monday said it has raised USD 275 million in a primary funding round, led by Fidelity Management and Research Company

SIS completes 100k vaccinations for employees across India in record time. The company has also pledged over Rs 10-cr Covid welfare fund to assist and provide employees with a safety net during the second wave of the pandemic

Pepperfry to join unicorn club soon, to launch IPO after booking profit. Online furniture company Pepperfry would be in the unicorn club by the time its initial public offer hits the market, a top official of the company said on Monday.

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