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Ajanta Pharma promoter sells ₹1,024 crore stake; mutual funds step in as buyers
A promoter entity of Ajanta Pharma has sold a 2.8% stake in the drugmaker for over ₹1,000 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund emerging as the key buyers.
Promoter sells Rs 1,024 crore worth of Ajanta Pharma shares in block deal to Kotak MF and ABSL MF
A promoter entity of Ajanta Pharma sold shares worth over Rs 1,024 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund acquiring the stake. The transaction comes amid strong earnings growth, healthy margins and sustained momentum in the company’s pharmaceutical business.
Ather Energy edges higher on fund raising plan
Ather Energy added 1.20% to Rs 1014.35 after the company said that its board will meet on Friday (12 June 2026) to consider a fund-raising proposal through one or more instruments.
NLC India shares in focus as government's Offer For Sale opens for non-retail investors
Among the public shareholders, mutual funds of India had a 9.49% stake in NLC India, led mainly by Nippon Life India AMC (5.65%) and Kotak Mahindra MF (2.6%). The stock is up over 30% so far in 2026.
Buy or sell: Gift Nifty signals big gap-down start, Vaishali Parekh recommends three stocks to buy today — 4 June 2026
Buy or sell stocks, 4 June 2026: Vaishali Parekh recommends three stocks to buy today — PNB, Oswal Pumps, and JK Tyre
Buy or sell: Gift Nifty signals gap-up opening, Vaishali Parekh recommends three stocks to buy today — 1 June 2026
Buy or sell: Vaishali Parekh recommends three stocks to buy today —Latent View, Precision Camshafts, and IEX
The Great Consumption Reset: How a billion Indians changed what they buy
India's consumption landscape is evolving, with consumers favouring experiences, digital services, and premium products over basic goods. Kotak Mutual Fund's report shows a surge in foreign travel spending and premium smartphone sales, indicating a shift towards higher-value purchases.
Liberty Mutual Insurance raises stake in Indian venture
Liberty Mutual Insurance has boosted its stake in Liberty General Insurance to 74 percent. This move strengthens its position in India's non-life insurance sector. Liberty General Insurance began operations in 2013. The insurer reported a 25 percent increase in gross written premium in FY26. Its market share was 0.84 percent at the end of March 2026.
Coforge to Tech Mahindra: Tech stocks extend rally for second session; Nifty IT jumps over 2%
Coforge, Tech Mahindra, and other tech stocks rallied on May 18, with the NIFTY IT index rising 2.4%. Analysts attribute this to currency weakness and export earnings, despite concerns over AI disruption and mixed earnings guidance from major firms, leading to a decline of 25.3% in 2026.
Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here's why
IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.
Board of Craftsman Automation approves fund raising up to Rs 2,000 cr
At meeting held on 16 May 2026
Nifty IT index tanks 7% in 4 days; TCS, Infy, HCL, LTM hit fresh 52-wk lows
In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.