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NHPC shares tumble 5% as govt’s OFS worth up to Rs 4,300 crore opens at 8% discount. Check details
NHPC shares saw a significant drop of nearly 5 percent. This decline followed the government's launch of an offer for sale. The government plans to divest up to a 6 percent stake in the public sector undertaking. The offer opened for non-retail investors on Tuesday. The floor price was set at Rs 71 per share.
NHPC slips 5% as govt OFS opens for non-retail investors at ₹71 floor price
According to the filing, the government has proposed to sell up to a 6 per cent stake in NHPC via an OFS on June 2-3 at a floor price of ₹71 per share
Motilal Oswal sector of the week: AMC; here's why ICICI AMC is top pick
ICICI Prudential AMC remains well-positioned to benefit from rising retail participation, strong SIP traction and expanding market share across equity, hybrid and passive segments.
NHPC OFS for non-retail investors opens today as government's disinvestment drive continues
Floor price for the Offer for Sale has been fixed at ₹71 per share, which is a discount of 8% from the stock's previous closing price.
Renault India May sales up 64% at 4,113 units
Renault India saw a significant jump in sales in May 2026. Domestic wholesales rose by 64.4 percent. This growth highlights Renault's commitment to the Indian market. The company continues to focus on customer-centric products. Renault was among the few passenger vehicle makers with positive retail sales growth in India that month.
Ola Electric sees 23 pc growth in monthly registrations in May
Ola Electric saw a significant jump in vehicle registrations last month. May Sales increased by 23 percent compared to April. This growth outpaced the overall electric two-wheeler market. The company attributes this success to retail changes and better operations. Rising petrol prices are also encouraging more buyers to switch to electric vehicles. Ola Electric is focused on expanding electric vehicle adoption.
MCX launches Silver 100 futures: How investors can trade the metal with lower capital
Multi Commodity Exchange of India launches Silver 100 futures, offering 100 gram contracts to help retail investors and small jewellers hedge silver price risk.
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.
Coinbase plans retail launch in India comeback, to deepen crypto exposure
The focus on India as a market comes as the company continues to see high adoption even as regulations around crypto are yet to take shape
Ladakh's new excise policy eases restrictions on liquor sale
Ladakh's new Excise Policy permits hard liquor sales, reduces license documents from 16 to six, and expands availability to four more districts. The policy aims to curb illicit alcohol and narcotics by increasing legal access to beverages, allowing retail sales in guest houses, and permitting micro-breweries.
For mall outlets, summer's time for some cool business
Malls and retail outlets are seeing a surge in customers. Heatwaves and school holidays are keeping people indoors. Restaurants, fashion, and beauty stores are reporting higher sales. Consumers are spending more time and money in air-conditioned malls. This trend is expected to continue, boosting the retail sector.
Zara India Profit Falls 32% In FY26 As Trent Sharpens Focus On Broader Fashion Portfolio
While Zara reported lower revenue and profit in FY26, Trent's value-fashion chain Zudio continued to drive store expansion and overall retail growth.