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ICICI Prudential Mutual Fund raises stake in Travel Food Services, shares rise
ICICI Prudential Mutual Fund has announced the acquisition of an additional stake in Travel Food Services, increasing its total shareholding in the company to above 5%.
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.
How global events are influencing gold and silver prices in India
Gold and silver prices rise on MCX as investors eye US inflation data and West Asia tensions, with silver outperforming and analysts tracking supply chain risks.
SBI in $1 billion funding for Sun Pharma’s US deal
State Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.'s $12 billion acquisition of Organon & Co. This move marks a significant step for government-run banks in financing corporate takeovers. SBI will join other global lenders in this substantial deal. The funding underscores the growing ambition of Indian companies to expand globally.
Is the stock market close to a bottom? Blip in global AI play along with bearish bets suggest so
Analysts see signs of a market bottom as FPI long-short ratio falls to a deeply oversold 7.58%, with bearish futures positions hovering near record highs seen in March. A global anti-AI trade for now and possible peace prospects in West Asia could be the silver linings for India.
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.
Grasim announces ₹3,094-cr investment for lyocell capacity expansion in Karnataka plant
The expansion will add 110,000 TPA capacity at Harihar; total cellulosic staple fibre capacity slated to exceed one million tonnes annually by 2030. Grasim Industries, a Aditya Birla Group company, shares closed at ₹3,060.30 on the NSE on June 8, down 0.89%, or ₹27.40.
Gold falls over ₹2,300 per 10 grams, silver sinks over 3% in MCX trade
Gold and silver prices fall on MCX as weak global cues, long unwinding and a rising gold silver ratio pressure precious metals, with silver underperforming.
Gold ETFs drop 2–3%, silver funds crash over 6% amid global metal selloff
Gold and silver ETFs slump as global precious metal prices fall, with silver funds hit hardest, analysts warn of continued pressure amid shifting risk sentiment.
Gold falls below $4,340 an ounce; silver sheds nearly 2.5%
Gold and silver prices fall as strong US data, higher Treasury yields and surging crude oil shift investor focus, with markets eyeing key global economic data.
Gold Outlook: Middle East Tensions, Oil Prices, Inflation Data Key Drivers For Bullion This Week
In the global markets, Comex gold futures shed $227.7, or 5%, to end the week at $4,365 per ounce, while silver fell $6.77, or nearly 9%, to $69.10 per ounce.