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Wipro's Rs 15,000 crore buyback opens today: Analysts expect 7-8% returns for retail investors. Here's how
Wipro's significant Rs 15,000 crore share buyback has commenced. Eligible shareholders can tender shares at Rs 250, a substantial premium to the current market price. This corporate action provides an opportunity for investors to realize profits. The buyback period runs from June 10 to June 17. Shareholders should ensure their accounts are active for smooth transactions.
RBI schedules underwriting auction for sale of Government Security for ₹34,000 crore on June 05
The government of India has announced the sale of Government Security through auction to be held on June 05, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), includes 6.94% GS 2036 for a notified amount of Rs 34,000. The underwriting auction will be conducted through multiple price-based method on June 05, 2026 (Friday). PDs may submit their bids for ACU auction electronically through Reserve Bank of India Core Banking Solution (e-Kuber system) between 10:30 A.M. and 11:00 A.M. on the day of underwriting auction. The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of security.
Merritronix IPO fully subscribed on first bidding day. Retail, NIIs steal the show; Check GMP, issue details
Merritronix IPO commenced on June 1 and concludes on June 3, with a price range of ₹141-149 per share. The company raised ₹19.91 crore from anchor investors and has seen strong subscription demand, with a current GMP of +88, indicating a promising market debut.
Stocks to buy under ₹100: Sumeet Bagadia recommends three stocks to buy on Monday - 1 June 2026
The Indian stock ended the week on a negative note on Friday. Check Sumeet Bagadia's outlook for the market in the coming with, along with the three stocks under ₹100 that he feels are a buy in current situation.
Nayara rolls out relief for dealers amid retail pain
The support is aimed at partially offsetting operational expenses and revenue losses faced by retailers. Explaining the mechanism, a dealer said the company compares current sales with historical averages.
PB Fintech Block Deal: Yashish Dahiya, Alok Bansal likely to sell 0.8% stake at ₹1,720/share
The floor price for the block deal has been set at ₹1,720 per share, representing a 3.6% discount to the current market price, as per sources. On Wednesday (May 27), shares of PB Fintech Ltd ended at ₹1,780.20, up by ₹9.20, or 0.51%, on the BSE.
Senco witnesses 6% drop in gold sales; customers bullish on silver, diamond
Senco Gold saw gold volumes decrease by 6% in FY26. However, silver and diamond sales increased significantly. The company achieved its highest-ever Q4 retail sales, boosted by wedding and gifting demand. Senco Gold anticipates over 20% revenue growth in the current fiscal year, driven by its expanding network and brand strength.
Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikes
Petrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient to fully offset the sharp rise in international crude costs, leaving public sector fuel retailers exposed to substantial daily losses.
Stocks to buy under ₹100: Sumeet Bagadia recommends three stocks to buy on Monday - 25 May 2026
The Indian stock ended the week on a positive note on Friday. Check Sumeet Bagadia's outlook for the market in the coming with, along with the three stocks under ₹100 that he feels are a buy in current situation.
Retail players can skip Central Bank of India OFS, say analysts, cite margin and earnings concerns
Retail investors are being urged by market analysts to steer clear of the government's shares sale in Central Bank of India. The bank's current margin issues and uncertain future profitability raise red flags. Despite the attractive discount on the offer price, experts forecast further share sales needed for compliance, leading to persistent sales pressure on the stock.
Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra
India faces potential retail fuel price hikes if the Middle East conflict persists. RBI Governor Sanjay Malhotra indicated this possibility due to rising energy import costs and inflation risks. The government has already reduced duties and state refiners are absorbing losses. Prime Minister Modi urged citizens to conserve fuel. Oil companies are struggling to maintain current prices.
Stocks to buy under ₹100: Sumeet Bagadia recommends three stocks to buy on Monday - 11 May 2026
The Indian stock ended the week on a weak note on Friday. Check Sumeet Bagadia's outlook for the market in the coming with, along with the three stocks under ₹100 that he feels are a buy in current situation.