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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.
The AI play no one is talking about: Why BofA is snapping up power & metals instead of IT
BofA Securities India's Amish Shah advises shifting from IT to infrastructure, citing a 'dangerous gap' in consensus earnings forecasts. He highlights that commodity-driven earnings won't command premium valuations, and warns of potential downside from current market levels. Shah's strategy favors value in financials, growth in data center-linked infrastructure and metals, and policy plays in energy security and shipbuilding.
Top Gainers & Losers on June 5: Adani Green, Ather Energy, OLA, CarTrade Tech, YES Bank among top gainers
In terms of weekly performance, the Nifty 50 lost 0.8% of its value, extending its losing streak to a second straight week, while the Sensex also closed lower for the second consecutive week.
Ola Electric Mobility allots 21.75 lakh equity shares under QIP issue
Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs 44,108,298,850 comprising 4,410,829,885 equity shares of face value of Rs 10 each to Rs 46,284,083,130 comprising 4,628,408,313 equity shares of face value of Rs 10 each.
Ola Electric QIP Fetches Rs 780 Crore As EV Maker's Issue Gets 56% Oversubscription
Mirae Asset received the highest allocation of 15.38% through multiple allocations followed by Motilal Oswal which received 9.61%.
ITC stock nears 52-week low; slips 8% in 1 month, down 21% thus far in 2026
While the taxation environment for the tobacco sector presents near-term challenges, ITC aims to maintain its market standing through an integrated seed-to-smoke value chain and premium offerings.
Tata Motors PV To Hold 81st AGM On July 8, Fixes Record Date For Dividend
Tata Motors PV had earlier declared a final dividend of Rs 3 per equity share of face value Rs 2 each for the financial year ended March 31, 2026.
Gaming Companies Weigh Review Plea, Larger Bench And Government Relief After Supreme Court GST Blow
In a landmark ruling on Wednesday, the Supreme Court upheld the government's decision to levy 28% GST on the full face value of bets and deposits in online gaming, instead of platform fees or commissions.
Suprajit Engineering Q4 profit jumps over 2.5x; recommends ₹2 dividend
The company’s board recommended a final dividend of ₹2 per equity share of face value ₹1 each for FY26. Shares of Suprajit Engineering Limited ended 1.84% (₹8.05) higher at ₹445.70 on the NSE today, May 25.
Amara Raja Energy Q4 net profit zooms 95%, revenue up; declares ₹5.20 dividend
The board recommended a final dividend of ₹5.20 per equity share of face value ₹1 each, representing 520%, for FY26. Shares of Amara Raja Energy & Mobility Ltd ended at ₹883.35, up by ₹62.60, or 7.63%, on the BSE today, May 25.
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.
Colgate-Palmolive India leans on premium products, advertising to drive growth
Colgate-Palmolive India is boosting investments in premium products and advertising. The company prioritizes volume-driven growth over margin expansion. This strategy aims to capture rising consumer demand for higher-value oral care. Urban demand is recovering, benefiting premium offerings. E-commerce and quick commerce are significant growth drivers, especially for premium products.