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NSE share market NEWS tomorrow (06 June, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (06 June, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 06 June 2024

Uno Minda was amongst the top gainers, currently trading at 974.20 in NSE with 8.091 times change in volumes and 13.141% change in price. Other gainers included Mazagon Dock with 12.953% price change and 1.227 times volumes, Biocon with 9.009% price change and 2.099 times volumes, Bharat Heavy with 8.851% price change and 1.873 times volumes, and Ncc with 7.852% price change and 1.305 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.

Avenue Supermarts was amongst the top losers, currently trading at 4687.05 in NSE with 0.444 times change in volumes and -3.603% change in price. Other losers included Hindalco Industries with -2.553% price change and 0.403 times volumes, Pidilite Industries with -2.432% price change and 0.63 times volumes, Hero Motocorp with -2.196% price change and 0.728 times volumes, and Hindustan Unilever with -2.042% price change and 0.371 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.

E-com giant Amazon to acquire some assets of streaming service MX Player. The company said that the transaction is not yet complete

AAR rules 18% GST on infant food containing milk, other ingredients. Rajasthan authority for advance rulings observed that the primary product manufactured by the company is infant milk formula which includes cereals and protein supplements

Muthoot Microfin enters into strategic co-lending partnership with SBI. Muthoot Microfin on Thursday said it has entered into a strategic co-lending partnership with the State Bank of India (SBI). Under the agreement, Muthoot Microfin and SBI will co-lend to members of Joint Liability Groups (JLGs) who are engaged in agricultu

British Airways to start New Delhi-London daily flight from April 20. Expanding its services to India, British Airways will start a new daily flight between the national capital and London Heathrow from April 20, 2025. "This will increase the airline's schedule across India to 63 flights a week across five cities," the airli

Plan to double international transit traffic in 5-10 years: Air India exec. Says 'out-of-the-box thinking' needed to develop Delhi, Mumbai, Bengaluru as transit hubs

Tech giant Google announces second edition of Indian languages programme. The Indian Languages Programme 1.0 sought to modernise the online presence of Indian language news publishers and enhance user experiences across web, app, and video formats

PhonePe's UPI share expands, Paytm sees marginal rise in txn volume in May. The Bengaluru-based digital payments and financial services company has maintained its streak of growth on UPI with its share increasing from 47.35 per cent in February this year

Indian Overseas Bank sets up dedicated branch to serve budding startups. Public sector Indian Overseas Bank has set up an exclusive branch to serve startups and budding entrepreneurs in the city. The branch inaugurated by top officials on Thursday would offer a suite of financial products and services. Indian Overseas Bank has

Japanese major Canon expects India to be No.1 in sales in APAC by 2035. Focus on improving channel strategy, create India focused products & eyes growing healthcare segment

HDFC Life crosses Rs 3 trillion in AUM, reinforcing investment discipline. HDFC Life's Assets Under Management Cross Rs. 3 Lakh Crore

Air India's rise could impact three Gulf hubs, says Saudia Airlines. Calling AI a "sleeping giant", Muehlen said: "They have a legacy. They have the hearts of the Indian population. If they get it right, it would be more at the expense of the super-connectors"

SBI General Insurance withdraws Arogya Plus policy with effect from Oct 5. According to the press release by the company, "This decision is part of our ongoing commitment to continuously review and refine our product offerings to better serve our customers' evolving needs"

Hero MotoCorp to acquire additional 2.2% stake in Ather for Rs 124 cr. Hero MotoCorp on Thursday said it will acquire an additional 2.2 per cent stake in Ather Energy for Rs 124 crore. Investment is being made in the form of purchase of additional shares from an existing shareholder of Ather Energy for acquisition of up to 2.

Demand-supply imbalance will help ARR growth, says Vikram Oberoi. The group plans to open two new hotels - The Oberoi Rajgarh with 65 keys and The Oberoi Vindyavilas wildlife resort in the Bandhavgarh region of Madhya Pradesh - in the ongoing financial year

'Vedanta demerger gets approval from key creditors, including SBI'. The green light by the majority of the creditors comes at a time when Vedanta has shown significant progress in deleveraging

Chef Sanjeev Kapoor backed Wonderchef eyes Rs 820 cr revenue in FY25. Celebrity chef Sanjeev Kapoor-backed kitchen appliances brand Wonderchef aims to reach a revenue target of Rs 820 crore in FY25, said its founder and CEO Ravi Saxena. Saxena, on the sidelines of the launch of the cooking robot Chef Magic at the Consumer El

Sony Pictures India elevates Jaideep Janakiram to lead international biz. Sony Pictures Networks India (SPNI) on Thursday announced the elevation of Jaideep Janakiram as the Head of International Business and Operations. Janakiram, formerly the Head of International Business (Americas), will replace Neeraj Arora, according to a

NCLT nod to Air India-Vistara merger; to form world's largest airline group. The National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara, paving the way for the creation of one of the world's largest airline groups. Post-merger, which was announced in November 2022, Singapore Airlines will have

Tech job cut: Microsoft lays off 1,000 employees from mixed reality team. Majority of the jobs cut have been within Microsoft's Strategic Missions and Technologies organisation, which aims to sell the company's cloud software and server rentals for businesses

Nisaba Godrej resigns as independent director from VIP Industries board. Godrej Consumer's executive chairperson Nisaba Godrej has resigned as an independent director from the board of luggage and travel accessories maker VIP Industries, citing differences over leadership accountability and succession planning. The resignation

ReNew Energy Global net profit jumps 7-fold to mn in March quarter. ReNew Energy Global Plc on Thursday said its net profit jumped seven-fold to USD 7 million in the January-March quarter of FY24 due to higher income and reduced expenses. The total revenue for the latest fourth quarter decreased by 4.4 per cent to USD 297

Nisaba Godrej resigns from VIP Industries board over leadership differences. Radhika Piramal, VIP's London-based vice-chairperson and daughter of chairman Dilip Piramal, appear reluctant to continue running the business and may look to sell stake in the firm

Shah Rukh Khan's production firm warns against fraudulent employment offers. Red Chillies Entertainment released a statement stating various 'fraudulent offers' for job opportunities in the company are being circulated on social media platforms

SaaS major Zoho Corporation announces an updated 'CRM For Everyone'. Currently in a beta phase, Zoho plans a full roll out by the end of 2024

PNB MetLife appoints Sameer Bansal as MD, CEO; to succeed Ashish Srivastava. He joined the firm in 2007 and is currently serving as the Chief Distribution Officer

Zee Entertainment to raise nearly 0 million, to use funds for growth. Zee said it will use the funds to "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape"

ITC shareholders approve demerger of hotel biz with 99.6% majority votes. ITC Hotels will compete as an independent entity with rivals such as Tata-owned Indian Hotels Company, which operates Taj Hotels, and EIH Associated Hotels, which manages the Oberoi brand of hotels

Nasdaq-listed ReNew Energy Global posts profit of Rs 414 crore in FY24. It said with the company signing 2.2 GW of power purchase agreements (PPAs) towards the end of the financial year, its portfolio has grown to 15.6 GW, as of May 2024

Ascendion on a hiring spree; to quadruple employees in Chennai. Ascendion's GenAI initiatives, including the development of its AVA+ platform, deliver radical transparency, helping clients accelerate impact, velocity, and productivity

Orient Green Power eyeing to raise authorised share capital to Rs 2,500 cr. Orient Green Power will seek shareholders' approval to raise its authorised share capital to Rs 2,500 crore from the existing Rs 1,600 crore in its annual general meeting later this month. The proposal to raise the authorised share capital is listed on the

Paytm's UPI market share continues to slide down after RBI crackdown. Paytm accounted for 8.1% of total UPI transactions in May, down from 13% in January, according to data released by the National Payments Corporation of India

Tata Steel in talks with Dutch govt on proposed decarbonisation roadmap. Tata Steel on Thursday said it is in talks with the Dutch government on a proposed decarbonisation roadmap for the company's factory in the Netherlands. The company's statement came after reports said that the Netherlands may provide as much as 3 billion e

Court grants bail to Supertech chairman RK Arora in money laundering case. A Delhi court on Thursday granted bail to Supertech chairman and promoter R K Arora in a money laundering case. Additional Sessions Judge Devender Kumar Jangala granted relief to Arora, noting that there was no likelihood of him evading the trial or influe

Pixxel, Sarvam AI among 10 Indian startups in WEF's Tech Pioneers list. Ten Indian startups including Pixxel, Niramai and Sarvam AI have made to the World Economic Forum's Technology Pioneers 2024 list published on Thursday. The list has total 100 leading tech startups which are focused on applying new breakthroughs in AI to d

NCLAT dismisses plea filed by foreign investors against edtech giant Byju's. NCLAT dismissed an appeal filed by the four investors - MIH EdTech Investments, a subsidiary of Prosus NV, General Atlantic Singapore, Peak XV Partners Operations LLC, and Sofina

Wipro bags 0 million deal from US communication service provider. Wipro's communication vertical declined 14.7 per cent year-on-year and contributed 4.2 per cent to the total revenue as of FY24

ITC shareholders approve demerger of hotels biz with 99.6% majority. The majority of the shareholders who participated at the NCLT-convened meeting on Thursday spoke in favour of the resolution

BNPL startup Simpl undertakes second round of layoffs in less than a month. It says the decision is in "continuation of our organisation-wide efforts to become fiscally prudent" and to achieve profitability by mid-2025

Zee's board gives in-principle approval to raise funds up to Rs 2,000 crore. This announcement comes after Sony India terminated its merger agreement with Zee Entertainment worth billion in January this year

Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting. ICICI Securities, a subsidiary of ICICI Bank, had secured a shareholder nod in March for the delisting

SUN Mobility partners with IndianOil for setting up battery swapping infra. SUN Mobility on Wednesday announced a strategic collaboration and a joint venture with IndianOil for setting up and deploying a battery swapping infrastructure network by 2030. The joint venture expects to scale up to 10,000 battery swapping stations acro

CIL's contribution to govt exchequer drops 2.2% to Rs 9,560 cr in Apr-May. State-owned Coal India Ltd's contribution to the government's exchequer dropped 2.2 per cent to Rs 9,560.28 crore in the April-May period of the ongoing fiscal. Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, paid Rs 9,77

Birla Estates-Barmalt to build 13 acres luxury housing project in Gurugram. Realty firm Birla Estates has partnered with Barmalt India to develop a luxury housing project in Gurugram with an estimated revenue of Rs 5,000 crore. Birla Estate is the real estate venture of the Aditya Birla Group and a 100 per cent wholly-owned subsid

State-owned RVNL receives Rs 390 crore project from Indian Railways. State-owned RVNL on Wednesday said it has received an order worth around Rs 390 crore from the Indian Railways. The contract is for construction of the Sitarampur bypass line under the Asansol division, RVNL said in an exchange filing. RVNL has received a

Tier-2 cities continue to see steady growth in hiring activities: Report. Hiring in tier-II cities showed consistent growth trends compared to metropolitan areas during May, mainly led by cities such as Kochi, Coimbatore, and Jaipur, which have emerged as key hiring locations, a report said on Wednesday. "It is remarkable to not

FMCG major Dabur seeking clarity on FSSAI's 100% fruit juice directive. The firm sells its 'Real Activ' brand with the claim of 100 per cent juice

BHEL gets thermal power project worth over Rs 3,500 cr from Adani Power. State-owned BHEL on Wednesday said it has secured an order worth over Rs 3,500 crore from Adani Power Limited to set up a thermal power project at Raipur in Chhattisgarh. It has "signed contract agreement signed June 5, supply of equipment (boiler, turbine

IndiGo looking at various options for financing fleet of wide-body plane. IndiGo is looking at various financing options for the wide-body planes that are expected to join the airline's fleet in 2027. Speaking at a session at the CAPA India Aviation Summit 2024 here, IndiGo CEO Pieter Elbers on Wednesday said having a strong bal

IndiGo should not be branded as a low-cost carrier: CEO Pieter Elbers. A codeshare partnership between two carriers allows each airline to sell seats on the other's flights

BoAt to scale down wearables biz, focus on high-end audio products. The company is 18 months away from IPO, says CEO Mehta

Food processing industry should focus on quality, says Anita Praveen. Addressing stakeholders, secretary said that the industry will have to stand for itself by building quality products, adding that ultra-processed food cannot become the cause of disease

Meta withheld information during Instagram, WhatsApp acquisitions: US FTC. Meta said that it met all of its legal obligations during the Instagram and WhatsApp merger reviews. The FTC has failed to provide evidence to support its claims, a spokesperson said

Fintech firm Fibe raises mn in funding round, looks to list in 3 years. Consumer loans company says it will use the financing to expand business

Suraksha Group finally takes over Jaypee Infratech via insolvency process. In a big relief to over 20,000 homebuyers, Suraksha Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse Rs 125 crore equity fund to start construction of stalled housing projects

OpenAI insiders blowing whistle, warn of reckless race for dominance. 'Company has not done enough to prevent its AI systems from becoming dangerous'

Hindalco-owned Novelis delays IPO amid weak market conditions, shares fall. The delay will likely have a short-term negative impact on Hindalco, said Sneha Poddar, associate vice president at Motilal Oswal Financial Services

Hindalco Industries defers Novelis IPO in US, cites market conditions. US subsidiary of Hindalco Industries says it will continue evaluate timing of the offering

Air India in 'good position', to retrofit over 100 planes: CEO Wilson. Air India will be retrofitting more than 100 planes, including 40 wide body planes, and has ordered around 25,000 aircraft seats as part of revamping the fleet, its chief Campbell Wilson said on Wednesday. Emphasising that "plenty of things" are going on a

SpiceJet aims to raise 0 mn in coming months, says CEO Ajay Singh. SpiceJet Chief Ajay Singh on Wednesday said the airline will be raising around USD 250 million in the next couple of months as the budget carrier works on boosting its operations. The airline is tackling multiple headwinds, including lessor and debt woes,

Air India Express taps on growth, group synergies: MD Aloke Singh. As it looks to tap the growth opportunities and group synergies, Air India Express Managing Director Aloke Singh on Wednesday said the airline will focus on the cost side and transformation plans in 2024-25. Air India Express is in the process of merging A

Air India: Now lock your flight rate for two days by paying nominal fee. Air India's 'Fare lock' feature allows passengers to secure a fare for two days by paying a nominal fee, allowing them to confirm their travel plans

Maruti Suzuki to invest Rs 450 crore in renewable energy initiative. Maruti Suzuki India on Wednesday said it will invest Rs 450 crore over a span of three years towards commissioning renewable energy projects linked to solar power and biogas. In FY24, the company invested Rs 120.8 crore in the vertical. The company will in

Maruti Suzuki set to invest Rs 450 crore for renewable energy projects. As part of its renewable energy strategy, Maruti Suzuki India has initiated operations at a biogas facility within its Manesar plant in Haryana, using its food waste and Napier grass

Akasa Air expects deliveries of ten Boeing 737 MAX aircraft by 2027. Akasa Air had ordered 150 737 MAX narrow body planes in January, including the MAX 10 and MAX 8-200 versions. It had not specified how many of each type were ordered

Vistara nimble enough to make course corrections: CEO Vinod Kannan. Vistara is nimble enough to make course corrections, its CEO Vinod Kannan said on Wednesday. The full service carrier, which is in the process of getting merged with Air India, recently faced significant disruptions due to pilot woes and now, the operation

Fintech firm Fibe raises mn in funding round led by TR Capital. Fintech firm Fibe on Wednesday said it has raised USD 90 million in a funding round led by TR Capital, Trifecta Capital and Amara Partners. Fibe's existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures and Chiratae Ventures also p

SpiceJet plans to raise 0 million by mid-August, says Ajay Singh. The airline's shareholders had earlier this year approved the issuance of equity and warrants for raising Rs 2,241 crore, out of which the airline has raised Rs 1,060 crore to date

Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments. It planned to raise capital to the tune of Rs 3,000 crore to fund its multiple verticals of electric vehicles

Isro Chairman inaugurates HAL facilities, boosting rocket manufacturing. ISRO Chairman S Somanath inaugurated state-of-the-art propellant tank production and computer numerical control (CNC) machining facilities at Hindustan Aeronautics Limited's Aerospace Division here, boosting rocket manufacturing capacity . HAL said the fac

Reforms, PLI: CEOs expect new govt to maintain policy continuity. The election results coincide with a slowdown in manufacturing activity for the second consecutive month in May

Tata Motors Fin to merge with Tata Capital via NCLT scheme of arrangement. In FY24, Tata Capital and Tata Motors Finance reported a net profit of Rs 3,150 crore and Rs 52 crore respectively

SJVN's 900 MW project in Nepal to start power generation from 2025: CMD. SJVN expects its under-construction 900 MW Arun-3 hydro-electric project in Nepal to start power generation from next year as nearly three-fourths of work has been completed, its chairman and managing director Sushil Sharma said on Tuesday. Nepal Prime Min

Cintra receives CCI's approval to acquire 24% stake in IRB Infra Trust. The Competition Commission of India (CCI) on Tuesday said it has approved Cintra's proposed acquisition of 24 per cent unitholding in IRB Infrastructure Trust and MMK Toll Road Pvt Ltd. Cintra InvIT Investments BV (Cintra SPV 1) and Cintra IM Investments B

Ambani faces pushback over 5G deal from parliamentary minority in Ghana. The Ghanaian government's plan to launch a 5G network using a company partnering with Mukesh Ambani is a bad deal for the debt-ridden nation, which needs funds for critical development projects

Air India ties up with Delhi Metro, DIAL to facilitate int'l check-ins. Air India on Tuesday said it has partnered with Delhi Metro and Delhi airport to facilitate check-in for international air passengers at two metro stations in Delhi. The check-in and baggage drop facility at the Delhi airport allows passengers to check in

Garuda Aerospace aims to sell 50,000 agri, consumer drones in coming years. Drone manufacturer Garuda Aerospace Pvt Ltd has inaugurated its first exclusive drone showroom in the city as it plans to sell 50,000 agricultural and consumer drones in the next few years. The city-based company, backed by cricket legend Mahendra Singh Dh

Tata Motors board okays to incorporate new wholly-owned unit for CV biz. Tata Motors on Tuesday said its board has approved to set up a wholly-owned subsidiary to house commercial vehicles business. The company has proposed the name of the new unit as TML Commercial Vehicles Ltd (TMLCVL). The entity is proposed to be a wholly-o

PNB to float Canara HSBC Life Insurance IPO, will divest 10% stake. Punjab National Bank (PNB) on Tuesday said it will sell 10 per cent stake in Canara HSBC Life Insurance Company by listing the insurer on the stock exchanges. Currently, PNB holds 23 per cent in the insurance firm. PNB's board in its meeting held today has

RIL registers sub-lease deed for land to develop global economic hub. A step closer to the Global Economic Hub proposed for Maharashtra in 2018

IndiGo eyes lesser-known international destinations for next growth phase. It made a successful push into central Asia last year with flights to less-frequented cities like Baku, Almaty, Tashkent and Tbilisi, opening travel destinations void of major competition

FSSAI asks food biz to remove claim of 100% fruit juice from packet labels. Food regulator FSSAI has asked food business operators to immediately remove claims of 100 per cent fruit juices in advertisements as well as labels on packaged products. According to an official statement, Food Safety and Standards Authority of India (FSS

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