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NSE share market NEWS tomorrow (01 June, 2022). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (01 June, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 01 June 2022

Suzlon Energy was amongst the top gainers, currently trading at 9.40 in NSE with 0.579 times change in volumes and 9.942% change in price. Other gainers included Apl Apollo with 5.132% price change and 0.777 times volumes, Torrent Power with 5.087% price change and 1.182 times volumes, Icici Pru with 5.042% price change and 0.849 times volumes, and Varun Beverages with 4.979% price change and 0.181 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.

Central Depo was amongst the top losers, currently trading at 1192.05 in NSE with 0.374 times change in volumes and -5.201% change in price. Other losers included Syngene Internatio with -4.472% price change and 0.365 times volumes, Jsw Energy with -4.356% price change and 1.758 times volumes, National Aluminium with -4.002% price change and 1.487 times volumes, and Bajaj Auto with -3.727% price change and 0.679 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.

Hyundai total sales at 51,263 units in May; exports at 8,970 units. The company's two plants in Chennai observed the scheduled biannual maintenance shutdown leading to no production for six days in the month (May 16-21), the automaker said in a statement.

Vedanta employs largest lithium-ion battery powered fleet of 27 forklifts. Done in partnership with Gemini Equipment and Rentals India, this feat sets the ball rolling on Vedanta Aluminium's plans to decarbonise its industrial vehicle fleet.

Sachin Bansal's Navi Finserv's Rs 300-cr debt bond subscribed 1.4 times. The fintech firm's secured, rated, listed and redeemable non-convertible debentures (NCDs) have a total value of Rs 600 crore after including the greenshoe option of Rs 300 crore.

Reliance Brands signs JV to acquire 40% stake in toy maker Plastic Legno. Plastic Legno is owned by the Sunino group, which has been makings toys in Europe for over 25 years; started India ops in 2009 to develop a production hub for domestic and global markets

Zee can participate in IPL e-auction on its own, says MD Punit Goenka. Statement comes as company re-enters sports broadcasting after six years; unlikely to bid along with Sony

Online math class platform Cuemath raises mn, tops 7 mn valuation. The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23

Fintech unicorn Slice raises mn funding led by Tiger Global, others. With its core credit product set to become profitable in the months ahead, Slice will use the new capital to shore up its balance sheet and support expansion of its new UPI product

MoEngage raises mn in round led by Goldman Sachs Asset Mgt, B Capital. This is Goldman Sachs Asset Management's first investment in an Indian SaaS company

IRDAI eases approval norms for health, general insurance products. Irdai has tweaked 'Use and File' procedure for all health insurance products and almost all the general insurance products in line with the reform agenda taken up towards having a fully insured India

Royal Enfield's total dispatches rise 133% at 63,643 units in May. Motorcycle maker Royal Enfield on Wednesday said its total sales stood at 63,643 units in May. The company had sold 27,294 units in the pandemic-hit May 2021, it said in a statement. Domestic sales last month were at 53,525 units as compared to 20,073 unit

Vedanta's panel of directors to consider raising up to Rs 4,100 cr via NCDs. Vedanta Ltd on Wednesday said a committee of its directors will meet this week to consider raising up to Rs 4,100 crore via debentures.

Air India offers VRS for employees in first move to prune headcount. Permanent employees above 55 years of age or who have completed 20 years of service can opt for the package

Hero MotoCorp reports 165% jump in wholesales in May at 486,704 units. Domestic sales stood at 4,66,466 units last month. The company had dispatched 1,59,561 units in the domestic market in May 2021.

Nestle India eyeing new categories to push growth: CMD Suresh Narayanan. Nestle India is looking to tap opportunities in new categories such as 'healthy ageing', 'plant-based nutrition' and 'healthy snacking' to boost growth in the country, CMD Suresh Narayanan said

Bata India's promoter divests 2.56% stake, sells shares worth Rs 613 cr. The shares were picked by a clutch of domestic mutual funds, foreign investors and an insurance company

Arbitration hearing set for January in Vedanta-Zambia copper mine dispute. Zambia's government accused Vedanta at the time of failing to honour licence conditions, including promised investment - accusations that Vedanta has denied.

Specially-abled child incident a lesson for us, won't appeal order: IndiGo. IndiGo CEO Ronojoy Dutta said IndiGo needs to be sensitive in their training and take the specially-abled child incident as a case study

India a key growth area, is going to be a massive market: Singapore Air CEO. CEO Goh refused to be drawn on whether Singapore Airlines would be interested in buying a stake in Air India

Specialty business set to spur growth for Sun Pharma in next 3 yrs: Experts. Global specialty drug sales for Sun Pharma have grown by 39% YoY in FY22 to 4 million

Top Indian firms show resilience post pandemic, Tata Group at top spot. Top Indian firms have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to billion, continues to be the most valuable brand, a report showed

Ford India workers waiting for good compensation for loss of jobs. About 2,000 workers of Ford India's plant near that will be shutdown soon, are hoping for some good news from the management in respect of their severance package, said a union official

Aditya Birla launches digital venture TMRW in fashion and lifestyle space. TMRW will create India's largest portfolio of disruptor brands in the fashion & lifestyle space and enable the next phase of direct-to-consumer growth in India

Vedanta, ONGC, Oil India submit bids for discovered small field auctions. 26 companies submit 106 bids in DSF - III for which the last date of submission was May 31

Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale. The rating agency affirmed BPCL's Baa3 issuer rating reflecting its position as the second-largest state-owned refining and marketing company in India

India's FMCG sector grows at 6% in Q4; volumes contract on low consumption. The overall volume degrowth in India's FMCG sector was spread across categories, but the extent was significantly higher in non-food compared to food

Dhanlaxmi Bank planning to raise Rs 127 crore via rights issue this month. The bank's capital adequacy ratio fell below 13% in the March quarter and capital raised via the rights issue is expected to boost it by 50 bps

SpiceJet tells SC matter with Credit Suisse settled; seeks urgent hearing. SpiceJet Limited told the Supreme Court that it has reached a settlement over its outstanding dues with Swiss company Credit Suisse and sought an urgent listing of its plea

Pvt refiners profit from cheap Russian crude, state refiners suffer: Report. While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year

FMCG industry logs volume decline in Jan-Mar as consumption slows: Report. The FMCG industry saw decline in volume in the January-March period as consumption was impacted by price increases, especially in the food and essentials categories, said a report by NielsenIQ.

Biz travel sees revival as OYO adds 1,250 new corporate clients since Mar. Small and medium businesses continue to contribute significantly to the business travel bookings as more and more people from this segment opt for physical interactions

Bengaluru to host international conference for startups from June 2. An international conference for startups -- the India Global Innovation Summit (IGIC) -- will be held here from Thursday. The inaugural edition of IGIC is organised by strategic advisory firm Smadja & Smadja in a partnership with Karnataka Digital Economy

CV maker Ashok Leyland's sales jump four-fold to 13,273 units in May. Sales of light commercial vehicles in the domestic market stood at 5,190 units in May, as against 1,225 units in May 2021, the company said.

Cordelia Cruises aims to pump in bn by 2025 to boost India operations. The company's bullish outlook is in line with the government's projection of a 10-fold growth for this industry over the next decade.

Workplace platform Slack enters India to help firms establish 'digital HQs'. Slack, which has users in over 150 countries globally, already has a significant following in India which is one of its top 10 markets for paid teams globally.

M&M reports over 200% surge in total sales at 53,726 units in May. Mahindra & Mahindra (M&M) on Wednesday said its total sales stood at 53,726 units in May. The company had reported total sales of 17,447 units in Covid-hit May 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market were 26,904

Alibaba best-paying tech company in China despite internet crackdown. Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of ,000, followed by ByteDance and Tencent Holdings that offer average monthly wages of ,900 and ,600,

Cuemath raises mn in funding led by Alpha Wave; valuation doubles. The valuation of the edtech startup has doubled to USD 407 million (about Rs 3,155 crore), post the fresh fundraising, the company said.

Reliance Brands to acquire 40% stake in Plastic Legno SPA's India toy biz. Plastic Legno SPA is owned by the Sunino group that boasts of more than 25 years of toy production experience in Europe

WhatsApp bans 1.6 mn Indian accounts in April with compliance to IT rules. Meta-owned WhatsApp on Wednesday said that it banned over 16.6 lakh bad accounts in India in the month of April in compliance with the new IT Rules 2021.

Attero Recycling plans to spend billion to expand as EVs take off. Attero at present recycles 3,500 MT of Li-ion waste in India and is expanding the capacity to 11,000 MT by October 2022

Bharat Dynamics to supply Astra Mark-1 missiles worth Rs 2,971 crore. With air-to-air missiles costing about Rs 15 crore each, the Astra will provide major business opportunities to Indian firms

LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY. The LIC management clarified on Tuesday that profit should be looked at from the full-year perspective

Ashneer Grover tells VC firms to 'right size' before advising startups. Ashneer Grover, co-founder and former managing director of fintech platform BharatPe, has advised venture capital and investment firms to first think about "right-sizing" themselves in the wake of current economic slowdown before telling their portfolio co

Registration of properties in Mumbai city up 78% in May at 9,523 units. Registration of properties in Mumbai municipal area rose by 78 per cent year-on-year to 9,523 units during this month, according to property consultant Knight Frank India. As many as 5,360 properties were registered in Mumbai city (BMC area) during May 202

Determination of LIC's embedded value likely to be completed by June 30: MD. The Embedded Value (EV) is a measure of the consolidated value of shareholders' interest in the life insurance business.

Tech giants accuse Indian agencies of ignorance in Xiaomi spat. While the lobby group's letter to ICEA didn't name the Xiaomi case specifically, it warned that accusing companies of illegal royalty payments could have a 'chilling effect' on business in the country

Cargo handling by Essar Vizag port up by 10% YoY to 1.3 mn tonnes in Apr. Surge in traffic marks the uptick in Indian steel sector, a major contributor to India's manufacturing output

Campus Activewear Q4 net profit up three-fold to Rs 39.6 crore. Campus Activewear Ltd on Tuesday reported over three-fold increase in its consolidated net profit at Rs 39.60 crore for the fourth quarter ended March 2022. The shoemaker, which was listed on BSE earlier this month, had posted a net profit of Rs 10.01 cror

5 days after arrest, Bhosale sent to CBI custody till June 8 in graft case. Avinash Bhosale was arrested on Thursday (May 26) by the central probe agency, which suspects illicit funds were routed through several real estate firms based in Maharashtra.

NHAI likely to award highways contracts for 6,500 kms this fiscal: Official. The authority also remained confident of achieving its goal of constructing 5,000 km of national highways during the current fiscal, NHAI chairperson Alka Upadhyaya said.

Online searches on Magicbricks portal for rental housing up 16% in Jan-Mar. The pan-India rental rates witnessed a growth of 4 per cent QoQ, displaying improved strength of the rental housing market in the country.

Myntra gets master distribution rights for US fashion brand 'bebe' in India. As part of the licensing agreement, Myntra will assist bebe with wholesale distribution through a network of independent third-party franchise partners and distributors.

SUGAR Cosmetics closes million series D funding led by L Catterton. L Catterton has significant experience investing globally in the beauty and personal care space

Top headlines: Voda-Idea to raise funds, Sun Pharma Q4 loss, and more. From Sun Pharma posting loss in Q4 to Vodafone-Idea engaging in talks to raise funds, here are the top headlines on Tuesday morning

Uber Eats-Amita Gupta case calls for gig worker law reform: Study. The sacking of Indian-origin Amita Gupta by Uber Eats for allegedly arriving 10 minutes late for a delivery has highlighted the need to provide basic employment rights to gig workers, a new study said

Zoomcar expects to achieve profitability in India by this year-end. Car sharing platform Zoomcar said it expects to achieve profitability in India by this calendar year-end, on the back of strong organic growth

Attero to spend billlion over 5 years on battery recycling plants. With the billion investment, Attero is seeking to recycle over 300,000 metric tons of lithium-ion battery waste annually by 2027

TechEagle collabs with India Post to deliver mail through drone in Gujarat. Gurugram-based startup TechEagle said its drone has successfully delivered a mail in Gujarat under a pilot project in collaboration with India Post

StrideOne raises Rs 250 cr to help startups meet financing needs. Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks.

Ingka-owned IKEA India to launch first store in Bengaluru on June 22. IKEA India (part of the Ingka Group), Swedish home furnishings retailer, said it will launch its first store in the city, on June 22

Nearly half of insolvency proceedings led to liquidation rather than rescue. IBBI latest data suggest only 14 per cent yielded resolution plans since the inception of IBC

ITC Infotech eyes 0 mn revenue over five years from new business unit. Last month, ITC Infotech said it would be acquiring a part of PTC's product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services

Coffee Day Enterprises reports Q4 consolidated net profit at Rs 58.67 cr. Coffee Day Enterprises Ltd has reported a consolidated net profit of Rs 58.67 crore for the fourth quarter ended March 2022

Japan's Chubu Electric to buy 20% stake in India's OMC Power for mn. Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ( million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd

Kinara Capital plans to add 700 employees by November. Kinara Capital, a fintech company serving Micro, Small and Medium Enterprises (MSMEs), said on Tuesday it plans to add 700 employees across its 125 branches and Bengaluru head office within the next six months. It said job opportunities are available at al

Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr. The Ananth Narayanan-led firm achieved this in the first 12 months of operations and it has plans to hire 700 employees in 2022

Mandatory 6 airbags to hit small car market adversely, says Maruti. The auto major noted that the regulation would largely impact the cost-sensitive entry-level car segment -- which has been facing headwinds and witnessing dwindling sales over the last three years

Apple may not announce its mixed reality headset at WWDC this year. In a series of tweets, Apple analyst Ming-Chi Kuo mentioned that he expects the tech giant's headset to launch in 2023.

Private telcos to hike tariffs in H2; FY23 revenues to jump by 25%: Report. A growth in average revenue per user is essential for the industry to invest in the network and spectrum, and if they do not do so, it can result in poor service offerings, Crisil said in a report

Alternative data insights startup Synaptic raises mn from Valor. Synaptic is used by leading venture capital and private equity firms, Hedge Funds, and Asset Managers globally with combined assets of several hundred billion dollars

Religare Enterprises, Religare Finvest settle Sebi case; pay Rs 10.5 cr. The order came after the two companies filed an application with Sebi proposing to settle the regulatory violations "without admitting or denying the findings" through a settlement order.

Flipkart clocks over 200 mn fashion products in Spring-Summer of 2022. Season saw a resurgence in consumption on renewed economic recovery post-pandemic

LIC shares decline over 3% to hit record low after Q4 net slips 18%. Shares of LIC on Tuesday declined over 3 per cent after the company posted a 17 per cent decline in consolidated net profit for the fourth quarter ended in March 2022. The stock declined 3.05 per cent to settle at Rs 811.50 on the BSE. During the day, it t

Core sector output expands by 8.4% in April vs 4.9% in March: Govt data. The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 4.9 per cent in March 2022.

Sweden's IKEA to open large-format store in Bengaluru on June 22. The large-format store, spread over 12.2 acres (460,000 square feet), will be connected to the Nagasandra metro station and have over 7,000 affordable and sustainable home furnishing IKEA products

Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global. Founder may look at the US and Middle East, has been meeting investors and potential acquisition target firms there, say sources

Top headlines: LIC Q4 PAT declines 18%; TaMo to acquire Ford's Sanand plant. Business Standard brings you the top headlines on Monday

Sun Pharma posts Rs 2,277 cr Q4 loss over settlement of pending US lawsuits. Provides for the settlement charges, says adjusted profit for Q4FY22 at Rs 1582 cr, up 18% YoY after excluding exceptional items of Rs 3,935.7 cr and one-time tax gain of Rs 76.4 cr

IRCTC Q4 net profit jumps 106%, firm declares dividend of Rs 1.5. IRCTC's revenue from operations soared 103% to Rs 691 crore in the March quarter

Jubilant to double injectable capacity in US at a cost of 3 mn. Signs agreement with US biomedical dept

Vodafone Idea in talks with Amazon, PEs for Rs 20,000 cr investment. Vodafone Idea needs the money for capex and to bid for 5G auctions

M&M to invest Rs 15,300 cr to fortify position in auto, farm eqpt and EVs. Mahindra is eyeing a pole position in SUVs in volume terms - a place it held three years ago

LIC's Q4 net profit falls 18% to Rs 2,372 cr, firm declares Rs 1.5 dividend. In FY22, LIC reported a net profit of Rs 4,043.12 crore from Rs 2,900.56 crore in FY21, up 39.4 per cent on a year-on-year (YoY) basis

ONGC board has 'best persons' in upstream sector to head company: Chairman. ONGC is without a regular chairman since March-end 2021.

Adani Enterprises seen replacing Shree Cement in Nifty 50 index. Analysts say AEL meets all requirements to make it to the benchmark index. Inclusion will be a big boost for the stock, resulting in passive inflows of 3 million

Rs 10 lakh fine on SpiceJet for training 737 Max pilots on faulty simulator. After barring the pilots, the regulator had issued a show-cause notice to the airline.

Centre garners Rs 471 crore from stake sale in Paradeep Phosphates. The sale would help Centre to inch towards its Rs 65,000 crore divestment target for financial year 2022-23

DGCA fines SpiceJet Rs 10 lakh for training pilots on faulty simulator. This is the third time that the regulator has imposed a financial penalty on operators for violation of rules after being empowered to do so

Tata Motors to charge up its EV business with Ford Sanand plant buy. TaMo to take over land, plant building, machinery, and vehicle assembly along with all workers employed by the unit

Rise in third party insurance premium to impact two-wheeler industry: TVS. The automobile industry has been impacted by a series of headwinds, leading to a steady increase in two-wheeler prices, TVS Motor Company Director and CEO K N Radhakrishnan said in a statement

Radico Khaitan net declines 32% to Rs 50 cr in Q4; sales up by 9.4%. The company had posted a consolidated net profit of Rs 73.53 crore in the January-March quarter a year ago, Radico Khaitan said in a BSE filing

Sun Pharma eyes high single digit top line growth in FY23: Dilip Shanghvi. Drug major Sun Pharma on Monday said it expects high single-digit top-line growth in the current financial year with all its business verticals well placed to lead the charge. The company, which posted revenues of Rs 38,426 crore in FY22, aims to invest 7-

Rs 3.7K cr project given to Jio, Airtel for 4G services in untapped areas. The government has allocated a project worth Rs 3,683 crore for providing 4G mobile services in uncovered villages of aspirational districts, an official source said on Monday. Under the project, Bharti Airtel will install 1,083 mobile towers with an expen

Bounce Infinity ties up with BPCL to set up battery swapping infrastructure. Electric mobility player Bounce Infinity on Monday said it has partnered with Bharat Petroleum Corporation Ltd (BPCL) for setting up battery swapping infrastructure at fuel stations of the public sector oil major. The battery swapping service starting from

Agritech startup Nutrifresh raises mn to scale up chemical-free farm ops. Co-founded by two Agripreneurs, Nutrifresh aims to provide consistent pesticide-free hydroponic produce that is nutrient-rich for the Indian consumer

Implementation of Jet resolution plan subject to outcome of order: NCLAT. Insolvency appellate tribunal NCLAT said the implementation of Jalan-Kalrock consortium resolution plan for Jet Airways would be subject to the outcome of its order over the appeals filed before it.

Wockhardt Q4 loss widens to Rs 311 crore even as income rises marginally. Pharmaceuticals firm Wockhardt Ltd on Monday reported widening of consolidated net loss to Rs 311 crore in the fourth quarter ended March 31, 2022.

Aurobindo Pharma Q4 net profit falls 28% to Rs 576 cr; revenue dips 3%. Aurobindo Pharma Ltd on Monday reported a 28 per cent decline in its consolidated net profit at Rs 576.14 crore in the fourth quarter ended March 2022.

Riverwalk Holdings launches Rs 150 cr fund for investing in Indian startups. Venture capital fund Riverwalk Holdings has launched a Rs 150 crore-fund that will focus on early-stage funding of startups in India. The fund is anchored by the Singapore-based Thakral Group and has been backed by leading business houses across India and

Mohalla Tech's valuation may cross billion after raising 0 million. The parent company behind short-video platform Moj and regional social network ShareChat, is in the process of raising about 0 million in fresh funding from Alphabet Inc's Google and Singapore's Te

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