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NSE share market NEWS tomorrow (05 June, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (05 June, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 05 June 2023

Mazagon Dock was amongst the top gainers, currently trading at 986.10 in NSE with 5.875 times change in volumes and 17.617% change in price. Other gainers included Piramal Pharma with 8.969% price change and 7.26 times volumes, Angel One with 5.19% price change and 1.489 times volumes, Prestige Estates with 5.049% price change and 3.465 times volumes, and Himachal Futuristic with 4.408% price change and 2.348 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.

Inox Wind was amongst the top losers, currently trading at 138.10 in NSE with 1.622 times change in volumes and -5.862% change in price. Other losers included Cyient with -4.517% price change and 0.312 times volumes, Kaynes Technology with -4.386% price change and 1.561 times volumes, Info Edge with -3.034% price change and 0.974 times volumes, and Au Small with -2.909% price change and 1.505 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.

Refex Group commits to plant 100,000 trees across TN in next few years. Diversified business conglomerate Refex Group, which is engaged in refrigerant gases, ash, and coal handling, has pledged to plant one lakh trees across Tamil Nadu over the next few years under its 'Trees for Life' initiative, the company said on Monday. C

Wipro VisionEDGE to power Bowling Center TV's new digital network. Wipro VisionEDGE, BCTV represent a significant breakthrough in the digital signage and out-of-home industry, enabling targeted customer engagement

Bank of Baroda launches cash withdrawal facility via UPI on its ATMs. Bank of Baroda on Monday announced launch of Interoperable Cardless Cash Withdrawal (ICCW) facility wherein a customer can withdraw cash using UPI from the bank's ATMs. "The first public sector bank to launch this service, Bank of Baroda customers as well

J K Cement accords in-principle approval to sign agreement with Toshali. The company will acquire management control and hold 100 per cent of the paid-up capital of Toshali

Adani Group repays loans worth .65 bn to complete prepayment programme. Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released

GM to invest bn in Flint plants to boost heavy-duty truck production. General Motors plans to invest more than USD 1 billion in two Flint, Michigan manufacturing plants for the production of the next-generation internal combustion engine heavy-duty trucks. Gerald Johnson, executive vice president, Global Manufacturing and Su

Maruti Suzuki starts work on solar power plant to achieve carbon neutrality. Maruti Suzuki India on Monday said it has initiated work on two new solar power plants at the company's facilities to strengthen its commitment to carbon neutrality. The two solar power plants, namely 1.85 MWp at R&D Centre, Rohtak, and 20 MWp at Manesar w

Brookfield India Real Estate Trust plans to raise up to Rs 3,500 cr. Brookfield India Real Estate Trust plans to raise up to Rs 3,500 crore through issues of units to institutional investors or preferential allotment of units, mainly to fund its proposed acquisition of two commercial properties. Last month, Brookfield India

Godrej Consumer Products appoints Aasif Malbari as CFO from August 10. Sameer Shah, GCPL's current CFO, will move to a Group role leading consumer investments

NCLT to hear Go First lessors' plea, directs IRP to file reply in one week. Insolvency tribunal NCLT on Monday directed the interim resolution professional of crisis-hit Go First to file a reply within one week over petitions filed by three lessors seeking possession of their aircraft and engines from the Wadia group firm. The thr

Vedanta's Rs 2,632-crore brand fee helps VRL repay part of its debt. This comes after Anil Agarwal-owned holdco raised brand fee to 2% of turnover for its India biz

IndiGo aims to carry 100 million passengers in FY24: CEO Pieter Elbers. IndiGo aims to carry 100 million passengers in the year ending March 2024, as the carrier adds more domestic and international routes, its CEO Pieter Elbers said on Monday. The budget carrier flew 86 million passengers in FY23. At a media briefing on the s

Listed companies garner Rs 63,300-crore from equity, debt in April. Within the equity segment, funds mostly came from preferential allotment of equity shares with companies raising Rs 4,835 crore through the route

Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India. Since 2013, when its India e-commerce operations first started, Amazon has invested over .5 billion

Plutus Wealth acquires MTAR Technologies' shares for Rs 247 crore. Plutus Wealth Management on Monday acquired shares of MTAR Technologies for Rs 247 crore through an open market transaction. MTAR Technologies is a precision engineering solutions company. According to the bulk deal data available with the BSE, Plutus boug

Govt gets Rs 4,185 cr through 3% stake sale in state-run Coal India. The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India. The holding of the government has come down to 63.13 per cent in the coal producer after the offer-for-sale (OFS), CIL said in a stock exchange filing.

FMCG companies announce sustainable milestones, targets on Environment Day. Leading consumer goods companies -- including ITC, Dabur, Coca-Cola, and DS Group -- on Monday announced new sustainable milestones and targets on World Environment Day. The companies are setting targets like being carbon neutral, scaling up investments in

GE T&D India gets shareholders' nod to appoint Sandeep Zandaria as MD, CEO. GE T&D India has got shareholders' approval through a postal ballot notice to appoint Sandeep Zanzaria as Managing Director and Chief Executive Officer of the company. "All the resolutions as set out in the Notice of the Postal Ballot dated April 17, 2023,

Fintech firm BharatPe appoints Kohinoor Biswas as Head of Consumer Lending. Launched in 2021, postpe is the company's credit-first consumer vertical, which enables customers to avail interest-free credit of up to Rs 10 lakh

Gaurs Group forays into energy sector with 15 MW solar power project in UP. The company shared that this will result in a reduction of 18 thousand tonnes of carbondioxide equivalent annually

Unilever hunts for new chair after botched takeover, investor rows. The company has shaken up its top ranks after appointing activist investor Nelson Peltz to the board last year

Henkel eyes around 30% share of premium hair styling segment by 2025. Hair care brand Henkel, which launched a hair styling product for men on Monday, is eyeing to more than double its market share to around 30 per cent of the premium segment by 2025. The German company, known more for its detergents and was present here til

Paytm's loan disbursals more than doubled to Rs 9,618 crore in Apr and May. The total number of loans via Paytm was up 54% to 8.5 million during the period, as compared to 5.5 million last year

Edtech major Byju's faces deadline for million payment of .2 bn loan. The .2 billion debt is the largest unrated loan by a startup ever. The once high-flying company led by former teacher Raveendran had been trying to strike a deal with creditors to restructure loan

Modi govt made it easier for global tech firms in India: DocuSign prez. It is a lot easier now for global companies, especially in technology zones, to establish a footprint in India compared to a decade ago due to the Modi government's big focus on attracting the FDI from tech companies, according to the newly-appointed India

Paytm becomes merchant payments leader with over 7,500,000 devices deployed. "With our subscription as a service model, strong adoption of devices drives subscription revenues and higher payment volumes, while increasing funnel for our merchant loan distribution," said Paytm

TCS selected as strategic partner of Teachers' Pension Scheme in Eng, Wales. The IT major has been awarded a 10-year contract to manage the second-largest pension scheme in the UK using a platform powered by TCS BaNCS

Lufthansa seeks deeper partnership with Air India, plans to expand flights. Lufthansa's CEO, Carsten Spohr speaks about the expansion plans of the airline and partnership with Air India that could make it the largest airline group connecting India and Europe

TCS bags 10-yr contract for managing Teacher's Pension Scheme in Eng, Wales. The Teachers' Pension Scheme is the UK's second largest public sector pension scheme, with over 2 million members

Westlife Foodworld makes its debut on the National Stock Exchange. Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE

L&T Finance to sell bad loans worth Rs 3,022 crore to AMCs: Report. L&T Finance is making this step as part of its efforts to reduce its wholesale finance book, which comprises both infrastructure and real estate loans

Vedanta deploys Volvo electric off-road machines at its iron ore mines. Vedanta Iron Ore Karnataka (IOK) will deploy Volvo's electric off-road machines at its mines in Chitradurga on a trial basis

Salary of Infosys CEO Salil Parekh drops 21% to Rs 56.45 crore in FY23. The annual report of Infosys, for the financial year 2022-23, reveals that the compensation of CEO Salil Parekh amounted to Rs 56.45 crore, compared to Rs 71 crore in the previous year

Nava Ltd more than halves its total liabilities to Rs 1,707 crore. The settlement of arbitration dues from Zambia Electricity Supply Corporation Limited (Zesco) has contributed to an increase in the cash flow of the company

Amazon to waive off seller fee by 10% to celebrate its 10 years in India. Amazon noted in a blog post that the company's goal from the start was to digitise all businesses in order to offer the largest choice of things while leveraging technology

Embassy REIT raises Rs 1,050 crore through NCDs to refinance bank loans. Embassy Office Parks REIT expects to secure interest savings of approximately 138 basis points

Edtech giant Byju's to list subsidiary Aakash Education by mid-2024. Aakash is one of the largest test prep companies for engineering and medical entrance exams in India

Lohum partners MG Motor India for second-life EV battery solutions. Integrated battery recycling and repurposing solutions provider Lohum on Monday said it has teamed up with MG Motor India to develop second-life solutions for the car maker's EV batteries. Under the collaboration, Lohum will reuse end-of-first-life batteri

Tata Power Renewable Energy commissions 110-MW solar power project KSEB. Ashish Khanna, chief executive officer of TPREL, said that this 110 MW solar power project will help meet the green energy requirements of the state of Kerala

Dr Reddy's completes Phase-I study in proposed biosimilar of tocilizumab. Global Phase III study is being initiated to compare the efficacy, safety, tolerability and immunogenicity of DRL_TC with the reference product

Suzlon Group crosses 20 GW installed wind mills capacity worldwide. Suzlon's 20 GW wind energy installations are through 12,647 wind turbines across 17 countries spanning six continents

SBI Cards and Payment Services to raise Rs 3,000 crore through NCDs. The board approved raising of funds by way of issuance of NCDs in one or more tranches, on a private placement basis

Gaurs Group sets up 15 MW solar power plant in Madhya Pradesh at Rs 80 cr. Realty firm Gaurs Group has set up a 15 MW solar power plant near Gwalior in Madhya Pradesh with an investment of Rs 80 crore. The electricity produced by the plant will be integrated into the central grid and utilised for its real estate projects, the com

Daimler enters pre-owned market with launch of 'BharatBenz Certified'. Commercial vehicles maker Daimler India has forayed into the pre-owned business segment under its new brand 'BharatBenz Certified', the company said on Monday. Daimler India Commercial Vehicles is a wholly owned subsidiary of Stuttgart-based Daimler Truck

Go First insolvency: NCLT issues notice in plea by Jackson Aviation. The tribunal directed the insolvency resolution professional (IRP) to file the response within a week

PVR INOX announces opening of new 7-screen multiplex in Bengaluru. PVR INOX, the premium cinema exhibitor in India, on Monday announced the opening of its new 7-screen multiplex at Global Mall, Mysore Road in Bengaluru. The opening marks the sixth multisensory 4DX auditorium in Bengaluru and will augment PVR INOX presence

Veranda RACE expands reach through partnerships with Talent Academy. Veranda RACE is also teaming up with Phire, a placement-oriented training company that offers expert training for recruitment in private banking and BFSI sector

Marico boss Harsh Mariwala shares 8 mantras for a successful business. Marico founder and chairman Harsh Mariwala shares his top 8 mantras to build a successful business with upcoming entrepreneurs

Small plastic water bottles are adding to plastic problem: Nithin Kamath. Zerodha founder highlighted the issue of increased use of small plastic bottles at hotels and airports which is aggravating the problem of plastic waste in the country

Samsung may lose PLI scheme incentives for 1st yr due to invoicing issues. In 2021, the electronics major had claimed a sum of Rs 900 crores as incentive for completing Rs 15,000 crore worth of additional sales than the previous year

Reliance Retail, 6 others submit EoIs for Future Supply Chain Solutions. The Future group's warehousing and logistics requirements are managed by Future Supply Chain Solutions and were once considered critical to the operations of the group

Sterling Holidays to add new hotel each month to cash in on tourism growth. Sterling Holidays Resorts Ltd, a part of Thomas Cook India group, plans to add a new hotel every month in the second half of this year to cash in on the robust growth witnessed in domestic tourism, according to a top group official. The company expects the

Aiming to maintain leadership position in SUV segment: Mahindra Group CFO. Mahindra & Mahindra is looking at maintaining leadership position in the fast growing sports utility vehicle segment in the current fiscal with demand remaining robust for its model range, according to the group CFO Manoj Bhat. The company, which is sittin

Govt holds talks with BALCO for withdrawing arbitration, initiating IPO. The government is looking to sell a part of its residual 49 per cent stake in Balco through a public offer and is engaging with the firm's promoter Vedanta to withdraw arbitration and facilitate stock exchanges listing of the company, DIPAM Secretary Tuhin

Hero MotoCorp hikes price of e-scooter VIDA V1 Pro by Rs 6,000 from June 1. The country's largest two-wheeler maker Hero MotoCorp has increased price of its electric scooter VIDA V1 Pro by around Rs 6,000 in order to offset the impact of curtailed subsidy structure on electric two-wheelers coming into effect from June 1. The compa

Develop consent-driven anti spam tech within 2 months: TRAI to telcos. New facility will allow telcos to quickly revoke consent given by customers to receive communication from businesses if a complaint is received

Deloitte flags sourcing from inappropriately approved vendors at BharatPe. Auditor Deloitte has flagged inappropriately approved vendors and excess payments at BharatPe, where its former MD and co-founder Ashneer Grover has been accused of cheating and embezzlement of funds. In its latest annual report, BharatPe presented opinion

Dibrugarh-bound IndiGo flight makes emergency landing at Guwahati Airport. A Dibrugarh-bound Indigo flight made an emergency landing due to a technical glitch at Lokpriya Gopinath Bordoloi International Airport in Guwahati on Sunday morning.Union Minister of State for Petroleum and Natural Gas, Rameswar Teli, and two Bharatiya Ja

India an important market, Henkel continues to invest in lab infra: CEO. India is an important market for Henkel and it would continue to make investments in laboratory infrastructure and additional capacities in the country, company chief executive officer Carsten Knobel has said. Further, Henkel is looking for inorganic growt

NCLT approves 180 resolution plans involving Rs 51,424 cr in FY23. Insolvency tribunal NCLT approved 180 resolution plans in FY23, the highest-ever number so far, resulting in a total realisation of Rs 51,424 crore from stressed assets. While, in terms of realisation of the amount for creditors, this is the second highest

Marketing technology firm ZoomInfo plans to lay off 3% of workforce. US-based marketing technology company ZoomInfo has said that it plans to lay off about 3 per cent of its workforce globally, joining several other technology companies that have cut jobs recently

Bharat unbound: Fly91 Airlines unveils first look, brand logo, tagline. The regional airline Fly91 to hit the Indian skies between October-December

India deserves to have more non-stop overseas flights: Air India CEO. Asserting that India deserves to have international non-stop connectivity to more destinations, Air India chief Campbell Wilson has said the country has in some respect not been able to control its own destiny as a consequence of not having a healthy domes

ITC Limited, Vidya Polymer submit resolution plans for Shakti Bhog. Shakti Bhog food which has defaulted on Rs 7,000 crore of bank loans

Walmart shareholding in fintech firm PhonePe drops to 85% from 89%. Retail giant Walmart's shareholding in decacorn fintech firm PhonePe has dropped to 85 per cent from 89 per cent following its ongoing fundraise of USD 1 billion, the US based firm said. PhonePe has now raised a total of USD 850 million of primary capital

Buoyed by record viewership in IPL, Disney Star eyes another leap. With Tata IPL 2023 surpassing expectations in terms of viewership and fan engagements, broadcaster Disney Star is now gearing up for another leap in the coming sporting events, including ICC tournaments and pro-Kabaddi league, the company's head for sports

Magicpin plans to have 20,000 fashion stores on its platform: CEO. Hyperlocal e-commerce firm magicpin plans to have 20,000 fashion stores on its platform by December this year, a senior company official said. The company claims to have added over 150 fashion brands and 10,000 fashion stores in the last 12 months. Fashion

Brigade to launch 10 housing projects, to invest Rs 3,000 cr on const: MD. Realty firm Brigade Enterprises will launch 10 housing projects this fiscal across Bengaluru and Chennai with an estimated construction cost of Rs 3,000 crore as it looks to encash rising demand for residential properties, its MD Pavitra Shankar said. In a

Renault Nissan Automotive progresses towards Carbon Neutrality vision. Automobile manufacturer Renault Nissan Automotive India Pvt Ltd was progressing towards its Carbon Neutrality goal which was launched in February this year. The Chennai plant of the company already initiated a campaign to replace single use plastic items w

Transfer of Sahara Life biz unlikely to impact SBI Life's balance sheet. Transfer of liabilities of around two lakh policies along with assets of Sahara Life is unlikely to have a major impact on SBI Life Insurance as the business of the former is very small, an expert said. The total number of policies being transferred is onl

Airbus heads towards 500 A320-family jets order from IndiGo: Report. Airbus and Boeing are also competing in talks to sell 25 wide-body jets to the same airline, they said

Govt engaging with Vedanta to facilitate its residual stake sale in BALCO. In 2001, government had disinvested 51 per cent shares of BALCO to Sterlite Industries Limited, a subsidiary of Vedanta Limited

StartUp20 engagement group meet ends, asks G20 to invest trn by 2030. The StartUp20 engagement group meeting culminated on Sunday in Goa with a call of action for G20 nations to invest USD one trillion for start up ecosystems by 2030, a top official said. The two-day meeting here ended on a positive note with all participati

Mother Dairy to invest Rs 400 cr to set up unit in Nagpur: Gadkari. Union Minister Nitin Gadkari on Sunday said Mother Dairy will invest Rs 400 crore in Nagpur in a project for which the government will give 10 hectares of land. Speaking to reporters to highlight achievements in nine years of the Narendra Modi government,

India is an opportunity, looking to expand operations: Lufthansa CEO. Bullish on the Indian market, Lufthansa Group CEO Carsten Spohr on Sunday said the airline group is working closer with Air India as well as expanding its own operations into the country. "We have strengthened our position in the Indian market. We think we

Weekend Bites: Electric shock on two wheels, and why Musk is no absolutist. In which we munch over the week's platter of news and views

Ashwani Kumar appointed as the new MD & CEO of UCO Bank, to succeed Prasad. Ashwani Kumar has been appointed as the new MD and CEO of city-based public sector UCO Bank with effect from June one. Prior to this, he was the executive director of the state-owned Indian Bank and is a qualified chartered accountant, a statement by the b

Bajaj Finserv to invest Rs 5k cr in Pune; create 40k jobs, says Fadnavis. The Maharashtra government has signed a Memorandum of Understanding with Bajaj Finserv under which the non-banking finance company will invest Rs 5,000 crore in Pune that is expected to create 40,000 jobs, Deputy Chief Minister Devendra Fadnavis said on Sa

Uncertainty an overriding theme; flexibility to secure future: Nilekani. Unplanned project ramp-downs and delays in decision-making from clients pulled down the Q4 FY23 performance of Infosys

Less than 1 in 3 startups manage to raise follow-on funding: Study. Less than one in three startups that attract seed funding manage to raise follow-on funding in the form of a 'Series A' round, a study by Venture Intelligence shows

Amazon Web Services India and South Asia head Puneet Chandok resigns. The downsizing round is part of the layoffs announcement made in March by Amazon CEO Andy Jassy, which was expected to impact 9,000 employees

Not a merger, only acquisition of life insurance of Sahara India: SBI Life. It also said it is expeditiously working on the process of integrating all these policyholders (of Sahara India Life) in its systems

Apple unlikely to apply for subsidies under PLI 2.0 scheme: Report. Apple will continue to focus on making iPhones in India and make Vietnam a hub to make MacBooks

Tata Elxsi to use blockchain to monitor driver behaviour; partners Cultos. Tata Elxsi's collaboration with Cultos Global is aimed at creating an innovative Driver Reward Program

Zuckerberg introduces Meta Quest 3 ahead of Apple's rumoured VR headset. Meta founder and CEO Mark Zuckerberg has introduced the next generation virtual and mixed reality headset 'Quest 3' which will be launched later this year

Total cargo handling at APSEZ ports jump 19% in May, YTD numbers up 16%. Growth was seen in almost all the ports and in all three segments of its business, the company said

Twitter's trust and safety head, Ella Irwin quits amid drama over film. In yet another high-profile exit, Twitter's head of trust and safety, Ella Irwin, has resigned amid ongoing drama over a film.

Janus Henderson further downgrades PharmEasy valuation to $ 2.7 billion. Several other Indian startups such as Meesho, Swiggy, Byju's, Pine Labs, and Ola have seen similar cuts in their valuations

360 One Asset Management raises Rs 2,130 cr for latest private credit fund. The fund will lend to financially solvent companies and will now take exposure to distressed situations. It has a lifespan of three years

No new Apple store in India till 2025, as company plans global retail push. The California-based tech giant doesn't have plans to open new Apple stores outside of Delhi or Mumbai, and even those will not be launched before 2025

Aurum PropTech to fully acquire home rental platform NestAway for Rs 90 cr. Aurum PropTech on Friday said it will acquire up to 100 per cent stake in home rental platform NestAway Technologies for a cash consideration of up to Rs 90 crore. Founded in 2015, NestAway caters to individuals looking for rental housing in major cities.

E-commerce platform Meesho crosses 500 mn downloads on iOS, Android. E-commerce platform Meesho has become the world's "fastest shopping app" to cross 500 million cumulative downloads across Google Play and iOS App Store, mobile data analytics provider has said. The company has achieved the 500 million download milestone in

Future Lifestyle bankruptcy: RP gets claims of Rs 2,155 cr from creditors. Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently. The resolution professional of the company

IndiGo to start direct flights to six destinations in Africa, Central Asia. The country's largest airline IndiGo will start direct flights to six new destinations in Africa and Central Asia, including to Nairobi, Tbilisi and Tashkent, this year. Embarking on "massive" international expansion plans, the carrier will connect Nairobi

Bank of Baroda board approves raising Rs 5,000 crore by March 2024. The capital will be raised when the market is conducive, the bank said

Tata Motors total sales decline YoY, electric cars give firm a boost. Tata Motors sold 74,973 vehicles in May 2023, down 2 per cent year-on-year (YoY) as the automaker made gains in the electric cars (EV) market

AstraZeneca announces launch of cancer medication Tremelimumab in UAE. AstraZeneca has announced the launch of its revolutionary cancer medication, IMJUDO (tremelimumab) in the UAE

Amazon's India, South Asia cloud unit head Puneet Chandok resigns. NEW DELHI (Reuters) -The India and South Asia head of Amazon.com Inc's cloud division, Puneet Chandok, has resigned with effect from August 31, the company said on Friday.

ONGC to maintain financial flexibility as earnings steady, says S&P. This should help the company maintain its good credit quality, despite its investment plans and healthy shareholder distributions, the rating agency said in a statement

Netflix shareholders reject executives' pay packages amid writers' protest. The decision came after the Writers Guild of America sent a letter to the public urging the shareholders of Netflix to reject the new compensation plans

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NSE share market NEWS tomorrow (05 June, 2023). NSE stocks in NEWS (tomorrow)

 

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