NSE share market NEWS tomorrow (26 June, 2024). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (26 June, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 26 June 2024
Abb Power was amongst the top gainers, currently trading at 12630.95 in NSE with 1.3 times change in volumes and 10.653% change in price. Other gainers included Titagarh Rail with 9.013% price change and 4.115 times volumes, Iifl Holdings with 7.27% price change and 11.434 times volumes, 360 One with 6.287% price change and 1.938 times volumes, and Amber Enterprises with 5.213% price change and 3.395 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.
Multi Commodity was amongst the top losers, currently trading at 3805.05 in NSE with 0.583 times change in volumes and -3.464% change in price. Other losers included Nmdc with -3.41% price change and 1.991 times volumes, Prestige Estates with -3.154% price change and 1.097 times volumes, Macrotech Developers with -3.07% price change and 1.282 times volumes, and Vedanta with -2.632% price change and 19.522 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.
Reliance Retail begins pilot runs for quick grocery delivery in Mumbai. Reliance Retail's new fast-delivery service is integrated into the JioMart mobile application under the 'hyperlocal delivery' option. The platform aims to bring delivery time down to 30 mins
Vedanta Resources to sell 2.6% stake in Indian miner Vedanta in about-turn. Vedanta Resources will sell the stake through its unit Finsider International, which held a 2.63 per cent stake in Mumbai-listed Vedanta
Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries. Adani group firm Ambuja Cements and Ravi Sanghi, the promoters of Sanghi Industries, will sell 3.52 per cent stake in the Saurashtra-based cement manufacturer. The Offer-for-Sale (OFS) will open on Wednesday for non-retail investors and on Thursday for ret
BSNL data breach exposes 278 GB of sensitive telecom info, twice in 6 mts. A threat actor has claimed to have obtained sensitive data, which includes international mobile subscriber identity numbers, SIM card specifics, home location register data, and security keys
Aditya Birla Group to invest mn in manufacturing, R&D centre in Texas. Aditya Birla Group has announced an investment of USD 50 million in a manufacturing and research and development (R&D) center in Texas. Aditya Birla Group's Vice President of Sales and Marketing Scott Bastion said the company will be making a USD 50-millio
Probe finds no evidence of fraud at Byju's, but detects governance failure. The Ministry of Corporate Affairs' investigation offers some relief to Byju's, as it temporarily halts any new scrutiny by Indian officials on already investigated issues
Gender minorities to comprise 25% of Tata Steel workforce: Official. Tata Steel aims at having a minimum of 25 per cent of its workforce made up of diverse groups, including gender minorities, marginalised communities, persons with disabilities and LGBTQIA+ individuals, within the next few years, a company official said. It
S N Subrahmanyan appointed chairman of LTIMindtree as A M Naik steps down. L&T Infotech and Mindtree officially merged in 2019, with A M Naik serving as its founder chairman.
SBI General Insurance appoints Naveen Chandra Jha as its new MD & CEO. SBI General Insurance Company on Wednesday announced the appointment of Naveen Chandra Jha as its new Managing Director and Chief Executive Officer. He was nominated by the parent company, State Bank of India, for the position. He succeeds Kishore Kumar Po
Amazon says committed to 'appropriate' action in Manesar Warehouse incident. Amazon India is in constant touch with the relevant authorities and encourages them to visit its facilities to see not just the workplaces but also how the policies are implemented
Inox Green Energy Services board approves fundraise worth Rs 1,050 crore. Inox Green Energy Services on Wednesday said its board of directors has approved a proposal to raise up to Rs 1,050 crore through issuance of equities and convertible warrants. The board of directors at its meeting held today approved the fund raise aggreg
Bharti Airtel acquires 97 MHz of spectrum worth Rs 6,857 crore for 20 years. The spectrum auction saw the government receive Rs 11,300 crore in bids over seven rounds, with Airtel emerging as the largest overall bidder
Sembcorp files case against Siemens Gamesa over unsettled arbitration. Sembcorp's India unit has filed a suit in a Bengaluru court to stop Siemens Gamesa from selling country business before settling an arbitration arising from alleged default in executing a contract. In its filing before the Principal City Civil and Sessions
Bombay HC directs Subhash Chandra to furnish documents sought by Sebi. Zee founder had filed writ petition against regulator's summons in fund diversion case
Infosys is working on over 225 GenAI programs for its clients: Nilekani. Infosys has integrated GenAI components into all its service lines and developed 25 playbooks to create impact for its clients, Nilekani said
Promoter entity Finsider International sells entire 2.6% stake in Vedanta. Finsider International is a unit of Anil Agarwal-led Vedanta Resources, whose debt stood at around bn as of March 31
Vi in talks with Samsung to get network equipment for 4G/5G rollout. Telco has already deployed Samsung's vRAN tech in 3 circles
Dr. Reddy's to acquire Haleon's nicotine replacement biz for 500 mn pounds. The acquisition includes Nicotinell, a global leader in the NRT category, and its local market-leading brand names Nicabate, Habitrol, and Thrive
Megha Engineering bags nuclear power generation deal worth .53 bn. BENGALURU (Reuters) - Indian multi-sector infrastructure firm Megha Engineering & Infrastructures (MEIL) won a contract worth 128 billion rupees (.53 billion) in a tender floated by the Nuclear Power Corporation of India (NPCIL).
AM Naik steps down from LTIMindtree & LTTS posts, rules out merger plans. L&T group says at any point it faces workforce gap of 40,000-45,000 labourers and engineers
JSW Energy inks power purchase agreements for 1,325 MW renewable projects. JSW Energy on Wednesday said that it has inked power purchase agreements through its subsidiaries for wind and solar projects with a cumulative capacity of 1,325 MW. This includes 1,025 MW with Solar Energy Corporation of India Ltd (SECI) and 300 MW with G
Labour ministry seeks report from Tamil Nadu govt in Foxconn incident. The statement further adds that section 5 of the Equal Remuneration Act, 1976, clearly stipulates that no discrimination is to be made while recruiting men and women workers
Proceedings initiated against Byju's under companies law still ongoing: MCA. The Ministry of Corporate Affairs on Wednesday said proceedings initiated against edtech player BYJU'S under the companies law are "still ongoing" and a final conclusion cannot be drawn in the matter at this stage. Last year, the ministry ordered the inspe
Vi buys spectrum worth Rs 3,510 cr to improve 4G network coverage, services. Debt-ridden telecom operator Vodafone Idea bought spectrum worth Rs 3,510 crore to improve 4G network coverage and service, the company said on Wednesday. Besides renewing 900 megahertz spectrum in UP West and West Bengal, the company enhanced its 900 MHz
CAFE III emission targets to disrupt PV market trends 2027 onwards: Chandra. Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that CAFE III standards, which will hit the industry around 2027
L&T group facing shortage of over 45K labourers and engineers: Chairman. This is not the first time that the company is going public with the challenges on manpower. Subrahmanyan had last year also said that it is facing challenges despite wanting to hire over 30K labour
Adani group to press the pedal on its retail play through super app. Group's B2C initiative aims to connect with 500 mn users by 2030
'Govt-run Khadi commission sold yoga mats, dresses worth Rs 8 crore'. Kumar further highlighted that yoga dresses and mats made of Khadi offer significant health and environmental benefits since they are chemical-free and require minimal water during production
Flipkart group launches super.money to re-enter India's fintech space. Apart from payments on Unified Payments Interface (UPI), the platform will offer services such as credit, deposit, credit card, among others
Shifting gears: Ather Energy plans new facility in Maharashtra's Bidkin. The company aims to diversify manufacturing base to enhance proximity to key markets across India and streamline operational costs
PayU's LazyPay partners with Blinkit to offer customers with credit line. The latest partnership will provide the Zomato-led quick commerce platform's customers with a credit line, at no additional cost to merchants
40% of Tata Motors' CV investment to be in advanced tech: Girish Wagh. We will have more than 40 per cent of our investments this year in advanced technologies, says Girish Wagh, the company's executive director who also heads the CV arm
Indian firms fared better in USFDA inspections in recent years, says IPA. IPA bats for Revised Schedule M implementation as key to pharma manufacturing quality in India
Reliance Jio buys spectrum worth Rs 973.63 crore in Bihar, West Bengal. Reliance Jio expanded its radio waves holding for mobile services by acquiring additional frequencies worth Rs 973.63 crore in the latest spectrum auction that concluded on Wednesday. The company acquired 5 megahertz paired spectrum in 1,800 Mhz band in Bi
Five entities sell 11% stake in FMCG firm Hindustan Foods for Rs 638 crore. Five entities on Wednesday sold an 11 per cent stake in FMCG firm Hindustan Foods for Rs 638 crore through open market transactions. Jwalamukhi Investment Holdings, Infinity Consumer Holdings, WestBridge AIF I, Sixth Sense India Opportunities 11, and Konar
Fabric maker Raymond to add over 100 stores of ethnic wear brand in FY25. Leading textile and fabric manufacturer Raymond has plans to add over 100 stores of its ethnic wear brand 'Ethnix by Raymond', the latest annual report of the company said. Raymond, which has introduced Ethnix format couple of years ago as a brand for occa
CoinDCX launches Web3 mode on its app enabling access to 50k DeFi tokens. The company will offer points to CoinDCX users based on their transaction history as part of the current launch
Clients across industries eager to harness the power of AI: Wipro CEO. The IT services company has trained more than 225,000 associates in basic GenAI and holds 470 AI patents, says Srini Pallia
Euronics aims to double turnover to Rs 400 cr by 2025-26: MD & CEO Jain. Public washroom automation firm Euronics is looking to double its turnover to Rs 400 crore by 2025-26 with its new manufacturing plant at Gurugram set to become operational to fulfil 50 per cent of its orders. The company has invested Rs 100 crore to set u
Adani to invest Rs 1.3 trn in FY25 across portfolio companies, says CFO. The investment across portfolio companies that range from ports to energy, airports, commodities, cement and media will be 70 per cent met through internal cash generation
Adani Group to invest Rs 1.3 trn in FY25; raise up to bn in equity. Bulk of the investments will be in the airport and green energy businesses, says senior executive
JSW Steel USA to invest 0 mn to modernise plate mill in Baytown, Texas. JSW Steel on Tuesday said its subsidiary JSW Steel USA plans to invest USD 110 million to modernise its steel plate mill in Baytown, Texas with new equipment and sustainable technology. These investments will enable the production of high-quality monopile
Jet Airways' Naresh Goyal moves HC, seeks extension of interim medical bail. Jet Airways founder Naresh Goyal has moved the Bombay High Court seeking extension of the two-month interim medical bail granted to him earlier. On May 6, the high court had granted interim bail for two months on medical grounds to Goyal, arrested in a mon
Tata Motors ties up with Bajaj Finance for commercial vehicle finance. Tata Motors on Tuesday said it has partnered with Bajaj Finance Ltd for offering financing solutions across its entire commercial vehicle portfolio. The company has signed a memorandum of understanding (MoU) with Bajaj Finance Ltd, part of Bajaj Finserv Lt
'Tata Power Renewable Energy accepts bids for multiple-tenor bonds'. The issuer will pay a coupon of 7.93 per cent on both the bond issues and had invited bids for the same earlier in the day
Dairy startup co Sid's Farm raises million in Series A Round. Sid's Farm plans to use the funds to establish a strong presence in Hyderabad and Bengaluru by enhancing manufacturing capabilities
Special course to help independent directors read financial statements. Training by the Indian Institute of Corporate Affairs is expected to help improve compliance
Regulator notices citing 'lapses' received by group 'trivial': Adani CFO. Led by billionaire Gautam Adani, the group has faced regulatory challenges in India since a report by short seller Hindenburg Research in January 2023
ICICI Bank mcap tops 0 bn; becomes only sixth Indian co to hit milestone. The private sector lender joins likes of Reliance Industries, Tata Consultancy Services, HDFC Bank, and Bharti Airtel, four other domestically-listed companies with market value of more than 0 bn
New product launches may continue to fuel GSK Pharma's robust growth. GSK Pharma's recent good showing is on expectations that launches in the specialty segment, increasing investments in promotions and branding
Sattva Group to invest Rs 12-14K cr in next 3 yrs to build infra projects. Realty firm Sattva Group will invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects and is in talks with PE major Blackstone to launch REIT for monetisation of commercial assets. Bengaluru-based Sattva Group is
Officer's Choice whisky maker Allied Blenders' IPO subscribed 51% on Day 1. The initial public offer of Allied Blenders and Distillers, the maker of Officer's Choice Whisky, received 51 per cent subscription on the first day of bidding on Tuesday. The Rs 1,500-crore initial share sale received bids for 2,01,69,680 shares against 3
Luxury furniture brand Stanley Lifestyles IPO subscribed over 96 times. The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed a whopping 96.25 times on the last day of subscription on Tuesday. The Rs 537 crore initial share-sale received bids for 98,56,97,520 shares against 1,02,41,507 shares on
B2B SaaS firm Rocketlane raises million in Series-B funding round. The firm claims that the latest funding comes even as it has million in reserves. In total, it has raised million in funding to date
Two Brothers Organic Farms raises Rs 58.25 crore in Series-A round. This funding would help the brand grow its market presence in India and the United States and promote the adoption of organic food
Ahead of IPO, Vraj Iron and Steel pockets Rs 51 cr from anchor investors. Vraj Iron and Steel on Tuesday said it has raised a little over Rs 51 crore from anchor investors a day before its initial share sale opening for public subscription. Those who have been allocated shares are -- Volrado Venture Partners Fund IV, Capri Glob
Kumar Mangalam Birla to invest mn to build new chemical plant in Texas. The project will involve a 'state-of-the-art advanced materials site' on 35 acres in Beaumont, Texas
NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29. State-owned power giant NTPC on Tuesday said its board on June 29 will consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds. The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issue of "se
We are already seeing green shoots; FY25 will be a better year: LTIMindtree. When it comes to generative AI work, LTIMindtree has over 140 projects in production in this category
Snapchat announces new safety features with a focus on teenage users. The company on Tuesday introduced the features on the platform with the aim of making it difficult for strangers to contact people randomly
Retailers advance sales as customers stayed indoors in May to avoid heat. The mid-year end-of-season sales start typically mid-June and go on till the end of July. A few pieces go on heavy discounts towards the Independence Day weekend
Tata Electronics collab with Synopsys for design automation in Dholera. The chip design expertise from Synopsys will be utilised in Tata's upcoming semiconductor facilities in Gujarat and Assam
Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests. However, he will continue with the company beyond his notice period, till October 31, 2024, to ensure a smooth transition
Rs 2 trillion funds tied up for expansion, says Adani Green Energy. 'The entire funding for the expansion to 50 GW from the current capacity of 10.9 GW has been tied up already.'
RBI inducts addl director on Bandhan Board ahead of CEO Ghosh's retirement. Ex RBI CGM Arun Kumar Singh appointed for one year to ensure smooth leadership transition
JPMorgan India Bank CEO Prabdev Singh quits before end of term: Report. Singh, popularly known as PD, had received regulatory approval in January 2023 for a three-year term as CEO of JPMorgan Chase Bank India
Paytm eyes expansion in travel, ties up with Skyscanner & Google Flights. The firm recorded a 19 per cent year-on-year increase in flight bookings on the platform in Q4FY24
Biocon gets EMA's nod to make biosimilar cancer drug at Bengaluru. Bevacizumab is used to treat colon and rectal cancer, cervical cancer etc
ZEE can withdraw its merger implementation application: NCLT. ZEEL had filed the application following the termination of the merger agreement by Culver Max and Bangla Entertainment on January 22, citing a breach of the merger cooperation agreement
Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone. If this sale is successful, Bharti Airtel will become the majority stakeholder in Indus Towers with a 52% shareholding
Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in FY25. South India-based real estate developer Sumadhura Group on Friday said it is eyeing over three-fold growth in its turnover for 2024-25 to Rs 5,000 crore, mainly aided by new offerings. Sumadhura Group, with a 30-year legacy, also announced a new logo and t
MapmyIndia founders set up new AI data analytics, consulting firm ClarityX. Digital navigation firm MapmyIndia founders have set up new entity ClarityX, which will operate in the domain of AI-based data analytics and consulting services, a top company official said. MapmyIndia Co-Founder and CMD Rakesh Verma, who has founded the n
All permanent workers of Britannia's Kolkata unit take voluntary retirement. FMCG major Britannia Industries Ltd said all permanent workers at its Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS). Despite this significant workforce change, a company official claimed that there would be no material imp
Hero MotoCorp to hike prices of motorcycles, scooters from July 1. Price rise would be upto Rs 1500 varying with models
Shoppers Stop targets to inaugurate 60 new INTUNE stores this year. Multi-brand fashion retailer Shopper Stop plans to open 60 new stores under its affordable retail format INTUNE in the current fiscal, a top official has said. Through INTUNE, Shoppers Stop aims to capitalise on mass premium opportunities, disrupting India
Oyo opens first luxury hotel in Dubai, eyes boosting premium properties. Travel tech platform OYO on Monday announced the opening of its first luxury hotel in Dubai -- Palette Royal Reflections Hotel and Spa -- as the IPO-bound unicorn eyes strengthening its premium property portfolio globally. The company expects the number of
Sun Pharma completes Taro merger, acquires all outstanding shares. New York headquartered Taro has operations in the US, Canada, Israel, and Japan with manufacturing facilities in Canada (Brampton) and Israel (Haifa)
Ambuja Cement bags 24 limestone mines in FY24 with 587 MT estimated output. Adani group firm Ambuja Cements, which is aggressively pushing for expansion, has won 24 bids for new limestone mines estimated to have a total resource of 587 million tonnes of limestone, according to the company's annual report. This is in addition to 1
Zee Entertainment CEO Punit Goenka buys majority stake in Maverick Media. Maverick Media is promoted by Vistaar Entertainment and focuses on expanding the large-screen cinema experience across India
WeWork's exit from India unit unlikely to impact domestic co-working market. Industry executives believe investors are bullish on this sector in India and their interest has increased after the successful IPO of Awfis Space Solutions
Elcid Investments settles disclosure lapses case with Sebi, pays Rs 17.3L. Elcid Investments Ltd has settled with markets regulator Sebi a case pertaining to failure to maintain a structured digital database and disclosure lapses after paying Rs 17.31 lakh towards settlement amount. This came after Elcid Investments filed an appl
Ready to cash in on infrastructure sector, says Gautam Adani at AGM. Adani added that India's spend on infrastructure is expected to reach a cumulative total of .5 trillion
Ireda sanctioned Rs 37,354 cr loan, disbursed Rs 25,089 cr in FY24: CMD. State-owned Ireda sanctioned Rs 37,354 crore loan and disbursed Rs 25,089 crore in FY24, the company's CMD PK Das said on Monday. In the company's annual general meeting, the CMD also said that the net worth stood at Rs 8,559 crore at the end of the March
Demerger will help secure synergies in EVs, autonomous vehicles: TaMo chief. PV business will invest in vehicle platforms, products; CV business will focus on spares, smart mobility solutions to reduce the volatility of vehicle sales
SAT stays Sebi order against former PTC India CMD Rajib Kumar Mishra. The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses
NIIF-backed Aseem Infra Finance to raise Rs 1,000 crore in equity in FY25. At present, NIIF holds a 59% stake, followed by 31% held by the Government of India, and SMBC holds the remaining 10% stake
Govt focus on agri, rural incomes to sustain tractor demand: Swaraj Engines. The government's focus on improving the state of agriculture in India and several initiatives taken by it to drive higher rural incomes are likely to support to sustain the tractor demand momentum despite industry sales witnessing a decline of 7 per cent,
Shree Cement's installed renewable power capacity touches 1 GW across India. India's third largest cement manufacturer Shree Cement on Monday announced achieving installed power capacity of 1,000 MW with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit. "The one GW (Gigawatt) capacity includes a mix of so
Jain Global raises .3 billion in biggest hedge fund debut since 2018. Jain Global will start trading July 1, according to people familiar with the matter. Investors include endowments, foundations, family offices, bank wealth platforms and sovereign wealth funds
Amara Raja signs licensing agreement with GIB EnergyX for Li-ion cells tech. Amara Raja Advanced Cell Technologies Pvt Ltd on Monday said it has signed a licensing agreement with GIB EnergyX Slovakia s.r.o., for lithium-ion cells technology. As part of the agreement, GIB EnergyX, a subsidiary of Gotion High-Tech Co Ltd, will licens
Ixigo, PhonePe extend partnership to offer flight, bus booking services. Travel booking platform ixigo on Monday announced that it has expanded its exclusive partnership with PhonePe to offer flight and bus bookings on the fintech platform's app. The two companies had joined hands to offer booking services for trains. The expan
FSIB to conduct interviews for chairman's position of SBI on Saturday. FSIB will recommend the name and the final decision would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi
Warburg, Temasek & JP Morgan sell 13.7% stake in CarTrade for Rs 535 cr. Warburg Pincus, Temasek Holdings and JP Morgan Investment on Monday divested a total of 13 per cent stake in CarTrade Tech for Rs 535 crore through open market transactions. Highdell Investment, an arm of US-based Warburg Pincus, sold the shares of CarTrad
Bayer, Solynta partner to roll out hybrid potato seeds in Kenya, India. German agrochemicals giant Bayer on Monday said it has agreed to collaborate with Dutch potato breeding company Solynta for commercialisation and distribution of true potato seeds in Kenya and India. The partnership marks Bayer's entry into the global pota
Officer's Choice whisky maker Allied Blenders raises Rs 449 cr ahead of IPO. Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, on Monday said it has raised Rs 449 crore from anchor investors a day before its initial share-sale opening for public subscription. Nippon India Mutual Fund (MF), LIC MF, JM Financi
CarTrade shares fell after Highdell, MacRitchie offload 13% stake. The company came out with a Rs 3,000-crore IPO in August 2021, where it sold shares at Rs 1,618 apiece
Prosus writes off investment in Byju's, records 3 million loss. This would be perhaps the first such large write-off announced by a large institutional investor in India
Kotak Mahindra Bank to add up to 200 branches in FY25, says report. India's fourth-largest private lender will target the pockets where there is easy availability of deposits, the official said, adding that customer acquisition through branches is seeing good traction
Adani, Hindalco show interest in Hindustan Copper's Jharkhand mines. The interest from Adani Enterprises and Hindalco Industries, two of India's leading industrial conglomerates, highlights the potential and attractiveness of these mines
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