📰 Business Standard · 90
IndiaTurtlemint Fintech Solutions IPO subscribed 45%
The initial public offering (IPO) of Turtlemint Fintech Solutions has received subscriptions amounting to 45%. This indicates the level of investor interest in the company's stock offering.
Quick Wrap: Nifty IT Index falls 3.65%
The Nifty IT Index experienced a decline of 3.65%.
Telegram CEO Durov’s allegation on Reliance role in access disruption needs evidence
Telegram founder Pavel Durov accused Reliance of disrupting access to Telegram for users outside India through BGP hijacking. The claim was made public on X and has sparked discussions about internet infrastructure, platform competition, and government regulation. However, the allegations remain unverified, and Reliance has not officially commented.
Jio to step up communications game with indigenous satellites: Akash Ambani
Akash Ambani, CEO of Reliance Industries' digital arm Jio, announced plans to enhance Jio's communication capabilities through the deployment of indigenous satellites.
EUR/INR slides near 108 mark
The exchange rate between the Euro (EUR) and the Indian Rupee (INR) has moved closer to the 108 level.
Nifty June futures trade at premium
The article reports that Nifty June futures are trading at a premium.
India & Slovakia upgrade ties, seek reform of global bodies
India and Slovakia have upgraded their bilateral relationship to a comprehensive partnership during Prime Minister Narendra Modi's visit to Slovakia. The two countries discussed expanding cooperation in defense, security, artificial intelligence, space, and civil nuclear energy. Modi was awarded Slovakia's highest civilian honor, the Order of the White Double Cross (1st Class). Both leaders emphasized the need for reform of global institutions, including the United Nations and the UN Security Council, to better address 21st-century challenges.
Hindustan Zinc appoints Amarendu Prakash CEO-Designate
Hindustan Zinc has appointed Amarendu Prakash as CEO-Designate.
Infosys Ltd leads losers in 'A' group
The article reports that Infosys Ltd is leading the list of losing stocks in the 'A' group.
Market under pressure; European mrkt advance
The article mentions that the market is under pressure while noting an advancement in the European market.
Silver prices fall sharply as USD surges on hawkish Fed; may test $60
Silver prices have fallen sharply due to a surge in the US dollar, driven by the Federal Reserve's hawkish stance. The article suggests that silver prices may test the $60 level.
Why is stock market down today? Sensex falls 800 points, Nifty50 below 24,000
Indian equity benchmarks, including the Nifty50 and BSE Sensex, fell sharply on Friday, ending a five-day winning streak. The decline was primarily driven by heavy selling in IT sector stocks, including Infosys, TCS, Tech Mahindra, and HCLTech, which dropped by up to 8%. This came amid weak global market sentiment, reduced investor confidence, and concerns over corporate spending on IT services. Accenture's revised revenue forecast contributed to the downturn, raising fears of continued caution in business investment. Additionally, foreign institutional investors returned to selling, adding to
Volumes spurt at Blue Star Ltd counter
The article reports that trading volumes have surged at the counter of Blue Star Ltd.
Indices trade lower; IT shares tumble
The article reports that stock market indices are trading lower, with IT sector shares experiencing a significant decline.
Mahindra & Mahindra Ltd soars 3.45%
The stock price of Mahindra & Mahindra Ltd increased by 3.45%.
GIFT Nifty indicate flat start for equities
The GIFT Nifty index is expected to open with little change, indicating a flat start for equities.
NSE mega IPO: All you need to know about the Rs 30,000 crore offering
The National Stock Exchange of India (NSE) has filed its draft red herring prospectus (DRHP) for an initial public offering (IPO) of up to 148,905,525 equity shares, valued at an estimated Rs 30,000 crore. This would make it the largest IPO in India's history, surpassing Hyundai Motor India's Rs 27,859 crore IPO from October 2024. The offering consists solely of existing equity shares and does not involve new share issuance.
Indira Jaising's memoir locates justice in constitutional belonging
The article mentions Indira Jaising's memoir, which focuses on the theme of justice through constitutional belonging.
Turtlemint raises ₹397.2 crore from anchor investors ahead of IPO
Turtlemint has raised ₹397.2 crore from anchor investors ahead of its initial public offering (IPO).
Beauty emerges as top customer acquisition category on Amazon
Amazon has seen significant growth in the beauty category, making it the top customer acquisition segment on the platform.
Delhi: Agniveers to get 20% reservations in recruitment for constable, other junior government posts
Former Agniveers, who served under India's Agnipath short-term recruitment scheme, will receive 20% reservation in recruitment for Group C positions in the Delhi government, including roles such as police constables, fire personnel, jail wardens, forest guards, and wildlife guards. Lieutenant Governor Taranjit Singh Sandhu announced this policy, setting a June 30 deadline for departments to update recruitment rules. The policy allows for the deployment of former Agniveers based on their specialized skills. Similar measures were previously introduced by the Delhi Police and Haryana state.
Tim Cook's price hike warning puts Apple's feeder lineup at risk: Analysts
Analysts warn that Apple's recent price hikes could put its 'feeder' product lineup at risk, according to reports.
Fund review: HDFC Short Term Debt Fund
The article provides a review of the HDFC Short Term Debt Fund.
IIT-Delhi India’s top institute, country’s ‘academic reputation’ remains ‘modest’: QS rankings
IIT-Delhi maintained its position as India's top-ranked university in the 2027 QS World University Rankings, placed 118th globally. Other Indian Institutes of Technology also performed well, with several ranking highly in categories like research impact and employer reputation. However, the report highlighted that India's overall 'academic reputation' score remains 'modest'.
Redington rallies as Apple weighs price increases
The article reports that Redington, an electronics distributor, has seen a rise in stock prices amid speculation that Apple might increase product prices.
EUR/USD slides near 1.1500 mark
The article reports that the EUR/USD currency pair has fallen close to the 1.1500 level.
Footwear major Bata India appoints ex-Nike executive Sanjay Rao as MD & CEO
Bata India has appointed former Nike executive Sanjay Rao as its new Managing Director and Chief Executive Officer.
Emirates NBD completes acquisition of 60% majority stake in RBL Bank
Emirates NBD has completed the acquisition of a 60% majority stake in RBL Bank.
Mahanagar Gas Ltd up for fifth session
The article mentions that Mahanagar Gas Ltd is up for the fifth session.
Nykaa unveils 'FY30 vision'; stock jumps 7%, hits 4-yr high on huge volume
Nykaa has announced its 'FY30 vision,' leading to a significant increase in its stock price, which rose by 7% and reached a four-year high with heavy trading volume.
Benchmarks pare all gains; FMCG shares jump
The article reports that benchmarks have pared all gains while FMCG (Fast-Moving Consumer Goods) shares have jumped.
Apple agrees to work with Intel to manufacture chips in US, says Trump
The article reports that President Donald Trump claimed Apple has agreed to collaborate with Intel to manufacture chips in the United States.
Motilal Oswal bullish on defence sector; BEL top pick for 20% upside
Motilal Oswal has expressed optimism about the defense sector, with Bharat Electronics Limited (BEL) identified as the top recommendation for potential 20% growth.
JM Financial backs Shyam Metalics FY31 outlook; retains 'Buy'; stock up 4%
JM Financial has expressed confidence in Shyam Metalics' financial performance for fiscal year 2031, maintaining a 'Buy' recommendation. The stock price has increased by 4% following this endorsement.
Kalpataru Projects International Ltd Surges 1.59%
Kalpataru Projects International Ltd shares rose by 1.59%.
Jio IPO to AI strategy: 5 key expectations from Reliance Industries' AGM
The article outlines five key expectations from Reliance Industries' Annual General Meeting (AGM), focusing on topics such as the Jio IPO and the company's AI strategy.
Stock Alert: HFCL, Lupin, RVNL, Balkrishna Industries
The article provides a stock alert featuring four companies: HFCL, Lupin, RVNL, and Balkrishna Industries. No further details or analysis are provided in the text.
Salaried employees and taxes: Paperwork and declarations explained
The article explains the paperwork and tax declaration process for salaried employees.
India to allow lower duty import of 378K UK cars in 15 yrs of trade pact
India has announced it will permit the import of 378,000 UK-made cars over a 15-year period under a trade agreement.
Stock Ideas: Analyst recommends Maithan Alloys, Olectra, Borosil Renewables
An analyst has recommended stocks including Maithan Alloys, Olectra, and Borosil Renewables.
Vetic raises $40 million to expand pet-healthcare network
Vetic has raised $40 million in funding to expand its pet-healthcare network.
Irdai proposes framework for regulation-making, public consultations
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a framework for regulation-making that includes provisions for public consultations.
Saibal Chattopadhyay named chairperson of National Statistical Commission
Saibal Chattopadhyay has been appointed as the chairperson of the National Statistical Commission.
India mcap reclaims $5 trillion mark for the first time since May 8
The market capitalization of Indian companies has reached the $5 trillion mark for the first time since May 8.
Coforge's $5 bn growth sprint hinges on Encora acquisition, big deals
The article discusses Coforge's strategic move toward achieving a $5 billion growth target, which depends heavily on the acquisition of Encora and securing major contracts.
HFCL secures contract worth Rs 2,666 cr
HFCL has secured a contract valued at Rs 2,666 crore.
INR sees flat movement
The Indian Rupee (INR) experienced flat movement in the foreign exchange market.
Protean eGov Technologies CTO Dattaram Mhadgut resigns
Protean eGov Technologies' Chief Technology Officer, Dattaram Mhadgut, has resigned from his position.
IMD confirms El Nino, warns of intensifying conditions through monsoon
The India Meteorological Department (IMD) has confirmed the onset of an El Niño phenomenon and warned that it could lead to intensifying weather conditions during the upcoming monsoon season.
ChatGPT market share slips below 50% as Gemini, Claude gain ground: Report
A report indicates that ChatGPT's market share has fallen below 50%, with competitors like Gemini and Claude gaining more ground.
Canada Pension Plan Investment Boards invests up to ₹7,000cr in CtrlS
The Canada Pension Plan Investment Board has invested up to ₹7,000 crore in CtrlS, a data storage and security company based in India.
SEAMEC Ltd leads losers in 'B' group
SEAMEC Ltd is highlighted as the leading loser in the 'B' group.
Volumes spurt at DOMS Industries Ltd counter
The article reports that trading volumes have surged at the counter of DOMS Industries Ltd.
Voltas, Crompton, Blue Star rally up to 5% on late monsoon; check top picks
Voltas, Crompton, and Blue Star stocks have risen by up to 5% due to the delayed monsoon season.
Why easing OMC losses may not translate into cheaper fuel anytime soon
The article discusses why reduced losses by oil marketing companies (OMCs) in India may not lead to lower fuel prices in the near future.
RBI's new misselling rules explained: What changes for bank customers
The Reserve Bank of India (RBI) has introduced new rules aimed at preventing misselling by banks and financial institutions. These regulations seek to protect consumers by ensuring transparency in banking practices and holding institutions accountable for any misleading sales tactics.
LTM launches BlueVerse for Databricks
LTM has launched BlueVerse for Databricks.
Jio IPO details, data centre strategy: Expectations from RIL's 49th AGM
The article discusses expectations surrounding Reliance Industries Limited's (RIL) 49th Annual General Meeting (AGM), focusing on topics such as details regarding the Jio IPO and RIL's data center strategy.
Volumes soar at Finolex Industries Ltd counter
Finolex Industries Ltd has seen a surge in trading volumes on the stock market.
Google rolls out Android 17, Wear OS 7 to Pixels: What's new, eligibility
Google has released Android 17 and Wear OS 7 updates for Pixel devices. The update includes features such as enhanced security, improved performance, and new user interface elements. Eligibility for the update depends on the specific Pixel model.
Benchmarks trade higher; consumer durables shares jump
The benchmarks traded higher, with consumer durables shares experiencing a significant increase.
Stocks to buy under ₹50: Analyst recommends Ola Electric, CBI, UCO Bank
An analyst has recommended several stocks priced under ₹50, including Ola Electric, CBI, and UCO Bank.
Schneider Electric Infrastructure WTD Chinmoy Das resigns
Chinmoy Das has resigned from his position at Schneider Electric Infrastructure WTD.
Brigade Enterprises Ltd Slides 18.95%
Brigade Enterprises Ltd shares fell by 18.95%.
CESC Ltd rises for third straight session
CESC Ltd shares have increased for the third consecutive trading session.
India Market Strategy: PhillipCapital expects moderate FY27 returns
PhillipCapital has expressed expectations of moderate returns for the Indian market in fiscal year 2027.
Neymar boost for Brazil: Superstar begins training ahead of Haiti World Cup clash
Brazil received positive news at the FIFA World Cup 2026 as Neymar resumed training on June 16, marking his first steps toward returning to action since the tournament began. The 34-year-old, Brazil's top scorer in men's international football, was seen undergoing an individual fitness program in social media videos. However, he has not yet joined ball drills or full-contact sessions with the team. Neymar has not played for Brazil since 2023 and missed the opening Group C match against Morocco on June 14, which ended in a 1-1 draw. Despite his return to training, he is still expected to sitout
Cipla appoints Shivam Puri as CEO of 'One India Business' from July 1
Cipla has appointed Shivam Puri as the Chief Executive Officer of its 'One India Business' division, effective from July 1.
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Infosys collaborates with Valmet
Infosys has entered into a collaboration with Valmet.
Adani Ports to invest up to $100 mn with Kaleris to boost port automation
Adani Ports has announced an investment of up to $100 million in collaboration with Kaleris to enhance port automation.
Nava Ltd rises for third consecutive session
Nava Ltd has experienced a rise in stock prices for the third consecutive trading session.
Suzlon Energy soars 7%, trades at 7-month high; what's driving stock?
Suzlon Energy's stock has risen by 7% and is trading at a 7-month high. The article explores the factors contributing to this increase in the stock price.
GIFT City opens int'l investing route for Zerodha, Angel One, Upstox
GIFT City has opened an international investing route for brokerage firms including Zerodha, Angel One, and Upstox.
Inox Wind signs MoU with Inox Clean
Inox Wind has signed a Memorandum of Understanding (MoU) with Inox Clean.
AMIRCHAND collaborates with Al Tasnim Group
AMIRCHAND has entered into a collaboration with Al Tasnim Group.
INR eases as trade deficit stays elevated
The Indian Rupee (INR) has weakened against major currencies, while India's trade deficit remains high.
Vedanta group stocks Day 2: Aluminium, Oil & Gas freeze at 5% lower circuit
The article reports on the performance of Vedanta Group stocks on the second day of trading, noting that shares in the Aluminium and Oil & Gas sectors hit a 5% lower circuit limit.
Systematix backs Nestle India's rural expansion; recommends 'Hold'
Systematix has recommended a 'Hold' rating for Nestle India, supporting the company's strategy for rural expansion.
Volumes spurt at Torrent Power Ltd counter
The article reports that trading volumes have increased significantly at Torrent Power Ltd's stock counter.
Fortis Healthcare among 3 stocks with Golden Crossover; how to trade?
The article discusses Fortis Healthcare and two other stocks that have experienced a 'Golden Crossover' in their technical indicators, suggesting potential trading opportunities. It provides guidance on how investors might approach trading these stocks based on this technical signal.
Dhanlaxmi Bank appoints Krishnakumar K as CFO
Dhanlaxmi Bank has appointed Krishnakumar K as its new Chief Financial Officer.
Godavari Biorefineries receives Japanese patent
Godavari Biorefineries has received a patent from Japan.
Sarvam AI deal lifts HCL Tech shares by 3%; Nomura says Buy for 39% upside
HCL Technologies' shares rose by 3% following the announcement of its acquisition of Sarvam AI. Nomura, a financial services firm, has recommended a 'Buy' rating for HCL Tech, citing a potential 39% upside.
China's retail sales fall for first time since 2022 as consumption slows
China's retail sales have declined for the first time since 2022, indicating a slowdown in consumer spending.
Fox to acquire Roku in $22 billion deal to boost streaming ambitions
Fox has agreed to acquire Roku in a $22 billion deal aimed at enhancing Fox's streaming capabilities.
Kotak Securities recommends 'Buy' on ITC, NBCC; here's why
Kotak Securities has issued a 'Buy' recommendation for ITC and NBCC, suggesting investment opportunities in these companies.
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India needs a complete sovereign AI stack, not just models: Bessemer
Bessemer Ventures partner Anand Chandrasekhar emphasized the need for India to develop a comprehensive sovereign AI stack rather than focusing solely on AI models during an interview with Business Standard.
Improving economic inclusion: Access should enable empowerment of women
The article discusses the importance of improving economic inclusion, emphasizing that access to resources should empower women.