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NSE share market NEWS tomorrow (07 June, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (07 June, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 07 June 2023

Suzlon Energy was amongst the top gainers, currently trading at 14.45 in NSE with 2.663 times change in volumes and 18.443% change in price. Other gainers included Torrent Power with 12.341% price change and 8.496 times volumes, Idea Cellular with 8.511% price change and 6.136 times volumes, Max Healthcare with 6.862% price change and 1.561 times volumes, and Rail Vikas with 6.049% price change and 4.504 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.

Bharat Dynamics was amongst the top losers, currently trading at 1158.60 in NSE with 0.486 times change in volumes and -2.741% change in price. Other losers included Ncc with -2.468% price change and 0.859 times volumes, Varun Beverages with -2.33% price change and 2.123 times volumes, Polycab India with -1.596% price change and 2.227 times volumes, and Nhpc with -1.347% price change and 0.817 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.

Maruti prices Jimny competitively at Rs 12.74 lakh to match Mahindra Thar. Car to play key role in MSIL's goal of becoming country's top SUV maker; M&M to challenge competition by bringing out a 5-door version of the Thar

Allcargo Logistics arm to sell stake in logistics parks to Blackstone. "This transaction will result in significant cash proceeds and provide for growth plans of the company, formerly known as Transindia Realty & Logistics Parks Limited," it said

BetterPlace partners Microsoft to empower frontline workers across Asia. The collaboration will also include the development of a mobile-first upskilling programme, specifically designed for frontline workers

State-owned BoM raises Rs 1,000 cr via qualified institutional placement. State-owned Bank of Maharashtra (BoM) on Wednesday said it has raised Rs 1,000 crore through Qualified Institutional Placement (QIP). The QIP opened on June 1 and closed on June 6, 2023. The board of the bank had approved the issuance of equity shares to

Ford Motor issues recall notice for 125,000 vehicles that could catch fire. The recall applies to Escapes from 2020 to 2023, Mavericks from 2022 to 2023, and Corsairs from 2021 to 2023, the report mentioned

Google part of mn funding round for Indian space startup Pixxel. The startup has raised more million from investors including Accenture PLC. Pixxel did not specify the valuation it reflected

India's green goal offers companies 0 bn opportunity, says ReNew CEO. ReNew has plans to invest in the entire decarbonization chain. The company, with about 8 gigawatts of operational capacity, is among India's top renewables producers

ReNew Energy Global Plc posts Rs 7.4 crore net profit in March quarter. ReNew Energy Global Plc has posted a net profit of Rs 7.4 crore, mainly on the back of higher revenues. "Net profit for Q4 FY23 (January-March 2023) was Rs 74 million (USD 1 million) compared to a net loss of Rs 3,554 million (USD 43 million) for Q4 FY22 (

Adani to slow down on acquisitions to focus on existing projects: Report. While the group will continue to review acquisition opportunities, the Adani spokesperson said high debt costs will weigh

New York City sues Hyundai, Kia after security flaw leads wave of car theft. New York City has filed a lawsuit against Hyundai and Kia, joining a host of other cities beset by a social media fuelled wave of car thefts due to a flaw that made some car models highly susceptible to theft. Viral how-to videos on TikTok and other sites

Shriram Life Insurance rolls out unit-linked plan with flexible options. Shriram Life Insurance Company, a part of the Shriram Group, on Wednesday said it has unveiled a new unit-linked policy that offers financial control with multiple fund options and investment strategies. Policy holders can opt to cover either whole life or

RAMP Global inks partnership with Hala Mobility to foray into EV biz. RAMP Global, a cloud-based ecosystem for automotive aftermarket services, has inked a strategic partnership with Hala Mobility to foray into the electric vehicles' maintenance, management, leasing and tracking business. As part of this collaboration, RAMP

LIC raises Tech Mahindra stake by 2 pts via open-market acquisition to 8.8%. Life Insurance Corporation of India (LIC) has raised its stake in IT firm Tech Mahindra Ltd by about 2 per cent through open market acquisition. LIC bought 1.9 crore shares or 2.01 per cent of equity capital at an average price of Rs 1,050.77 per unit, the

GST evasion notice: Revenue dept to move SC against HC relief to Gameskraft. The notice was issued by the Directorate General of GST Intelligence (DGGI) in September 2022 in which it alleged that GamesKraft escaped GST payment

India could lead global conversations around AI regulation: Sam Altman. Altman said his company was delighted to see the adoption of and enthusiasm for ChatGPT in India

Women employees attrition races past men at TCS as work-from-home ends. Largest tech company TCS on Tuesday said attrition among its women employees has raced past the same for men, hinting that the end of work-from-home may have a role to play in it. Its chief human resources officer Milind Lakkad said that historically, the

CCI clears General Atlantic's additional 4.04% stake buy in Acko Tech. Competition Commission of India (CCI) on Wednesday cleared General Atlantic Singapore ACK's proposed acquisition of an additional 4.04 per cent stake in Acko Technology and Services. General Atlantic Singapore ACK Pte (GASACK) is an investment holding comp

Crisis-hit Jaiprakash Associates defaults on Rs 3,961-crore loans on May 31. Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 3,961 crore, including principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on May 31 defaulted on rep

Peak XV says confident of investor backing after Sequoia Capital split. Over years, Sequoia invested in some of India's biggest startups, including food delivery firm Zomato and payments firm Pine Labs

2 entities offload Deepak Fertilisers shares for Rs 131 cr via open market. Two entities on Wednesday offloaded shares of Deepak Fertilisers and Petrochemicals for Rs 131 crore through open market transactions. The entities are SmallCap World Fund Inc and Anirudh Damani. According to the bulk deal data available with the NSE, Smal

India at inflexion point, company to continue double-digit growth: Diageo. Indian market is at a "great inflexion point", Diageo India MD & CEO Hina Nagarajan on Wednesday said, adding the company would continue its double-digit profitable growth journey, with a special focus on premiumisation and innovations. The company is look

Kaspersky appoints Jaydeep Singh as general manager of India operations. Cyber security company Kaspersky on Wednesday said it has appointed Jaydeep Singh as its general manager for India to head operations in the country. Singh will be responsible for leading Kaspersky's business operations and driving growth across the countr

IKIO Lighting IPO subscribed 6.83 times on second day of share sale. The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 6.83 times on the day two of the share sale on Wednesday. The Rs 606.5-crore IPO received bids for 10,40,31,096 shares against 1,52,24,074 shares on offer, acc

Kerala Financial Corporation records four-fold jump in profit at Rs 50 cr. Kerala Financial Corporation, a Kerala government-owned finance firm, on Wednesday said it recorded about four-fold jump in its net profit at Rs 50.19 crore in the financial year ended on March 31, 2023. The company has earned a net profit of Rs 13 crore i

Infosys grows footprint in the Nordics with new proximity centre in Norway. New centre is expected to enable Infosys to attract, re-skill, and upskill local talent to work on global opportunities through next-gen technologies like cloud, AI, IoT, 5G, and software engineering

Tata Motors looking to increase localisation of electric vehicles to 85%. The group has outlined an investment of Rs 13,000 crore to set up India's first lithium-ion cell manufacturing giga-factory in Gujarat last week

Adani stocks still reeling from losses inflicted by Hindenburg report. While two of Adani's 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away

Adani Group revives Mundra PVC project, gets credit line worth Rs 14,000 cr. Most of the funds may come from state-run lenders and private lenders will lend at least Rs 4,500 crore

Apple doubles down on health, accessibility with new software updates. The last three years of the Covid-19 pandemic made millions realise how important it is to remain fit and healthy and Apple has taken another stride towards this with announcing key software updates

Adani Cement leaves industry body that represents large cement companies. The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country

Adani Cement leaves industry body that represents large cement companies. The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country

Google adding more local languages to fuel Android's growth in India. The Alphabet Inc. unit is enabling more users in India to access its services with their local language, by either writing or using their voice

MRPL shelves plans of refinery expansion to focus on chemicals bet. A shifting energy landscape primarily driven by the uptake of electric vehicles has prompted MRPL to focus its efforts on increasing output of chemicals that can be used for plastics and paints

After Centre's demand, Tesla agrees to set up vendor base in India: Report. After relocation to India, vendors will be required to form joint ventures with Indian companies as India does not support 100% Chinese investments post-2020 Galwan clashes

Reddit to hand pink slips to 5% of its workforce, reduce fresh hiring. The move aims to help the social media company Reddit to break even next year

Here is what TCS Chairman N Chandrasekaran said about investing in AI. India's largest IT services company is significantly investing in building AI capabilities, said the TCS chairman

Maruti's Jimny priced at Rs 12.74 lakh ex-showroom; check specifications. With Jimny, Maruti wants to achieve more than what it did with the Gypsy by making it a truly mass-market vehicle

HCLTech opens new facility in Chennai for 5G infrastructure testing. IT services company says the laboratory will help advance telephony and ensure quality

Starbucks brews up cheaper drinks in India as domestic rivals expand. Its new offerings are unique to India and unavailable in China, Singapore and the United States

At Rs 29.16 cr, former TCS CEO Gopinathan earned 13% more in FY23 than FY22. Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector

AWE Funds secures mn commitment in first close of maiden fund. Investment platform AWE Funds on Wednesday said it has secured commitment worth USD 15 million in the first close of its maiden fund in India. The fund will invest in scalable innovation primarily across climate and sustainability, food and agriculture, he

KPI Green Energy gets letter of intent for 40 MW hybrid project in Gujarat. KPI Green Energy on Wednesday said it has got a letter of intent (LoI) from a private player to develop a 40 megawatt hybrid green energy project in Gujarat. The capacity includes 21.50 MW wind and 18.5 MW solar, the company said in a regulatory filing. "K

Recycling firm Vikas Ecotech plans to raise Rs 100 cr via QIP issue route. Recycling company Vikas Ecotech on Wednesday said it plans to raise Rs 100 crore through qualified institutional placement (QIP) route. The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capita

Cabinet approves Rs 89,047 crore revival plan for state-run telco BSNL. Last year, a revival plan of Rs 1.64 trillion was announced for BSNL, which was to be spent over four years

Tata Group is India's most valuable brand, Infosys and LIC follow. With a value growth of 10.3% in 2023 as compared to 2022, Tata Group became the only Indian brand with a valuation of over billion

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC. The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

HMSI rolls out industry's first warranty programme for scooter, motorcycle. Honda Motorcycle and Scooter India (HMSI) on Wednesday said it has unveiled an extended warranty initiative for all scooter and motorcycle models up to the 250 cc segment. The initiative enables customers to acquire an extended warranty within a flexible w

Cloud-lending startup Lentra raises million in extended Series B round. Tokyo-based Mitsubishi UFJ Financial Group (MUFG) and investment firm Dharana Capital led the funding

Google Pay allows users to validate UPI using Aadhaar authentication. Company says it will not store Aadhaar numbers and will act as a facilitator for validation

Cabinet approves third revival package for BSNL, to allot Rs 89,047 crore. Govt will give state-owned telecom company 4G/5G spectrum through equity infusion

Adani stocks gain up to 5% after stock exchanges widen circuit filters. Of the four scrips which underwent price band change, only Adani Green closed 0.75% down at Rs 985.45

Competition Commission of India approves deal involving Manipal Group. The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Manipal Health Enterprises Pvt Ltd and Manipal Education and Medical Group India Pvt Ltd (MEMG India). Manipal Health Enterprises Pvt Ltd (MHEPL) operates

Byju's accuses lenders of manufacturing fake debt crisis to extort money. The company chalks up its current debt predicament to aggressive distressed-debt investors who, in its view, were never supposed to be able to buy the loan

Adani probe: Who really owns India's companies? It's time to find out. The regulator told the expert panel that it is investigating as many as 13 opaque entities that, as of March 2020, held between 14% and 20% across five publicly traded stocks od Adani Group

Edtech giant Byju's rolls out AI models for hyper-personalised learning. The edtech giant has launched Byju's Wiz, a suite of three AI transformer models - BADRI, MathGPT, and TeacherGPT

GMR announces divestment of warehouse facility located at Hyderabad Airport. GHIAL signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE Limited at an enterprise value of Rs 188.1 crore

Patel Engineering bags Rs 519-cr water tunnel project in Maharashtra. Patel Engineering has received a letter of acceptance (LOA) from City and Industrial Development Corporation (CIDCO) to construct a 6.70 km long treated water tunnel and associated works in Raigad district, Maharashtra. The water tunnel project, worth Rs 5

Sequoia to separate China, India, Southeast Asia businesses by March '24. Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms

Sequoia splits into 3 independent entities, India biz now Peak XV Partners. There will be no change in the firm's portfolio management strategy

ONGC to fund construction of National Disaster Centre, Yatri Niwas in J-K. State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday said it is funding the construction of a National Disaster Mitigation Centre and Yatri Niwas in Sidhra in Jammu to ease logistic challenges for tourists and pilgrims. "This ONGC-funded Yatri Niw

CitiusTech Healthcare expands operations to Europe to make delivery model. / -- CitiusTech Healthcare Technology Pvt. Ltd., a leading provider of healthcare technology services, solutions, and platforms, announced the expansion of its presence to Warsaw, Poland. This strategic move will help CitiusTech expand its global delivery

Tata Consumer biz to see high growth, open to acquisitions: Chandrasekaran. Tata Consumer Products Ltd (TCPL) will see high growth in the domestic market, according to Chairman N Chandrasekaran, who also expressed the company's openness to acquisitions and expanding into new categories. India's business growth would continue to ou

EV startup River raises mn in funding round led by Dubai's Al Futtaim. Bengaluru-headquartered EV startup River on Tuesday said it has raised USD 15-million capital in a funding round led by Dubai-based Al Futtaim Group. Besides, other investors including Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC als

Ashok Leyland seeks pre-pandemic sales volume in FY24 with new launches. Company expects 'highest peak' in sales as MHCV industry grows, says a senior executive

Sidbi signs MoU with HDFC Bank to offer financial solutions to MSMEs. State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs. Under the MoU, SIDBI and HDFC Bank will work together to provide complete financi

HC refuses to interfere with BoB's decision inviting EoI for NBL stake sale. The Delhi High Court has refused to interfere with the "expression of interest (EoI)" invited by Bank of Baroda (BoB) for acquisition of its stake in Nainital Bank Limited (NBL). Justice Purushaindra Kumar Kaurav dismissed a petition by the Nainital Bank O

Nasscom releases normative guidelines on generative artificial intelligence. The document of guidelines says it intends to build stakeholder consensus on the core normative obligations among stakeholders and is not an operational manual or guidebook

Torrent Power inks pact with Maharashtra govt to build 3 hydro projects. The projects would entail an investment of about Rs 27,000 crore and would provide employment to nearly 13,500 people during the construction period

Piramal Critical Care appoints US-based Jeffrey Hampton as President, COO. Piramal Critical Care, a part of Piramal Pharma, on Tuesday said it has appointed Jeffrey Hampton as President and Chief Operating Officer (COO). For his new role, Hampton will be based in the United States. He joins the company from Accord Healthcare, whe

Tata Consumer has managed to tide over macro challenges: Chandrasekaran. During the year, the FMCG major has strengthened its core businesses and expanded its target addressable market and has also opened up opportunities for growth

Merck sues federal govt over plan to negotiate Medicare drug prices. Merck is suing the federal government over a plan to negotiate Medicare drug prices, calling the programme a sham equivalent to extortion. The drugmaker is seeking to halt the programme, which was laid out in the Inflation Reduction Act and is expected to

DS Group acquires chocolate brand LuvIt, to expand confectionary business. The company could scale the LuvIt brand to Rs 500 crore, up from the current Rs 100 crore, said Rajiv Kumar, vice chairman, of DS Group

Koparo to raise .5 mn in Pre-Series A round led by Saama Capital. Koparo, a home and personal hygiene D2C brand, on Tuesday announced to raise USD 1.5 million (about 12.38 crore) in a Pre Series A round led by Saama Capital. The co-investors are Fluid Ventures and Singapore-based M Venture Partners, along with some angel

Airtel to manage cloud, content for digital education platform DIKSHA. Airtel will be responsible for end-to-end management of DIKSHA's online platforms across its mobile application and website

Samsung expects monsoon to bring strong growth from rural area in 2nd half. Smartphone major Samsung expects normal monsoon will fuel high demand in rural areas and bring in strong business growth in the second half of this year, a senior company official said on Tuesday. Samsung India Senior Vice President for Mobile Business Raj

RCF's contractor to pay Rs 173.72 crore for breakdown of two GTGs. Rashtriya Chemicals and Fertilizer (RCF) on Tuesday said it has won an arbitration award of Rs 173.72 crore from one of its contractors for the breakdown of two gas turbo generators (GTGs). The award was handed over by a single-member arbitral court which

CCI approves minority stake acquisition in Lenskart by Dove Investments. Fair-trade regulator CCI has approved the minority stake acquisition in Lenskart Solutions by Dove Investments, Defati Investments Holding BV and Infinity Partners. The proposed combination relates to Dove Investments, Defati Investments Holding BV and Inf

Zerodha cofounder Nikhil Kamath to donate 50% of his wealth to charity. Every year, a number of wealthy individuals across the globe pledge to donate to charitable causes, including climate change, education, and healthcare

BBK makes Oppo, OnePlus and Realme separate entities in India: Report. The development comes at a time when Chinese companies in India have been facing increased scrutiny, and Oppo Mobile is being investigated for alleged custom duty evasion of Rs 4,388 crore

As MTNL fails to turn profitable, govt may shift ops to BSNL, says report. This is a departure from the govt's earlier plan of merging the two entities

Canara Bank initiates process to launch IPOs of two non-core arms: Report. If listed, Canara Robeco AMC will be the fifth mutual fund to list after HDFC, Nippon Life, UTI, and Aditya Birla

Titan's plan to acquire remaining stake in CaratLane reaches an impasse. According to the original deal between Titan and CaratLane, Titan can acquire the remaining business of CaratLane. However, it has to be done at a value agreed upon by both parties

Institutional shareholders vote against reappointment of Bharat Forge MD. Proxy advisory firms had recommended that investors vote against the special resolution to appoint B N (Baba) Kalyani as the managing director of Bharat Forge, citing his excessive remuneration

Aditya Birla Group to launch branded jewellery retail business in India. The company will invest Rs 5,000 crore to set up large-format exclusive jewellery retail stores with in-house jewellery brands across the country

Airtel Business partners with Centre for India's edtech platform DIKSHA. DIKSHA offers 9,300 courses in 35 Indian languages and has witnessed 50 billion learning sessions and 60+ billion minutes of usage by students

Aditya Birla Group to enter jewellery retail business; to invest Rs 5k cr. Leading business conglomerate Aditya Birla Group on Tuesday said it is foraying into the branded jewellery retail business with an investment of Rs 5,000 crore. The new venture, Novel Jewels, will build large-format exclusive jewellery retail stores across

Global environment challenging but company steadfast : TCPL chairman. The global environment has been challenging due to volatile macroeconomic condition and geopolitics but the company remains steadfast and is focusing on building a strong platform for progress, Tata Consumer Products Ltd (TCPL) Chairman N Chandrasekaran sa

VRS for staff may be only option for loss-making MTNL if it shuts: Execs. The govt-owned telecom has been making losses for all but one of the past 14 years, and has run up a debt of a staggering Rs 23,500 crore

75% of Indian businesses will increase investment on data streaming: Report. 78% of IT leaders are seeing significant benefits from data streaming in their organisations when it comes to faster strategic decision making, 79% reported improved customer acquisition and retention

Ashok Leyland, Cholamandalam ink pact to offer dealer financing solutions. Hinduja group flagship Ashok Leyland on Tuesday said it has entered into a strategic partnership with Cholamandalam Investment and Finance Company Ltd to offer financing to dealers. The alliance between the automotive major and the financial institution ai

Course5 Intelligence announces second close of million funding round. Investment was led by Nuvama Asset Management, with participation from Carnelian Asset Advisors

PFS initiates process to select new CEO to put behind corporate lapses. PTC India Financial Services Ltd (PFS) has initiated the process of selecting a new chief executive officer as the company leaves behind the past controversies over allegations of corporate governance lapses. According to sources familiar with the matter,

India Inc's revenue grew 11.4% in Q4FY23, but geopolitical tensions remain. According to Icra, sequential recovery in the overall performance of India Inc is contingent upon how well the entities are able to cope with the headwinds going forward

L&T Construction wins orders for its buildings and factories business. As per the company, significant orders are in the range of Rs 1,000 crore to Rs 2,500 crore

FarmersFZ selected for UN's 'Accelerator Programme' for food startups. A Kerala-based startup, Farmers Fresh Zone (FarmersFZ), has been selected for the 'Accelerator Programme by the Food and Agriculture Organisation (FAO) of the UN

Sequoia India renames itself as Peak XV Partners; to operate independently. The rebranding happened after Sequoia Capital (US/Europe), Sequoia China and Sequoia India and Southeast Asia decided to become independent firms with distinct brands

Fintech major PhonePe launches AA Services via wholly-owned subsidiary. Authorised by RBI, an account aggregator (AA) is a licensed entity that can collect financial data with a user's consent

Sonata Software announces partnership with SAP Commerce to drive innovation. / -- Sonata Software, a global Modernization and Digital Engineering company, has announced a strategic partnership with SAP Commerce to drive digital innovation and help businesses accelerate their digital transformation journey. SAP Commerce, a leading e

Wipro launches innovation experience for financial services with Microsoft. Microsoft and Wipro will develop new solutions to help financial services clients accelerate growth and deepen client relationships

TCS launches data exchange and marketplace platform on Google Cloud. The platform enables enterprises to democratise and monetise data across ecosystems

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