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Stocks to Watch for June 2: Wipro, NMDC, PNC Infra, Ola Electric and more
From Wipro's step-down subsidiary, Wipro IT Services, LLC, plans to acquire an additional 20% stake in Aggne Global Inc for $28.5 million to PNC Infra receiving a Letter of Acceptance (LOA) from the Lucknow Development Authority for a flyover construction project; here are some stocks to track ahead of Tuesday trading session.
Mahindra, Manulife incorporate life insurance JV after MCA nod
Mahindra and Manulife's joint venture, Mahindra Manulife Insurance Ltd (MMIL), has officially been incorporated. This new entity aims to be a customer-first, digitally led life insurer, leveraging Mahindra's extensive Indian network and Manulife's global expertise.
Stay the course in equities; pharma and auto ancillaries remain attractive: Devina Mehra
Devina Mehra, Founder, Chairperson and Managing Director of First Global, continues to favour sectors such as auto components, automobiles and pharmaceuticals, which have remained key portfolio themes for more than two years.
From Adani Green to Tata Tech: 50 companies swing back to profit in Q4 despite market turmoil
Indian companies show strong recovery. Over 50 firms moved from losses to profits in the March quarter. This turnaround happened despite market volatility and global concerns. Sectors like telecom, auto, and pharma saw significant gains. This signals resilience in India's corporate sector. Many businesses improved operations and profitability.
Union Minister of Commerce and Indu Piyush Goyal Concludes Landmark Canada Visit, Strengthens India-Canada Ties in Trade, Innovation & Emerging Tech
Union Minister of Commerce and Industry Shri Piyush Goyal delivered an address faculty, researchers, and students at the prestigious Munk School of Global Affairs and Public Policy, University of Toronto one of the worlds leading institutions for the study of international relations and public policy. He about Indias rapid economic progress, transformative reforms, and growing global leadership under Prime Minister Shri Narendra Modi. He highlighted the immense potential for deeper engagement among academia, industry, and policymakers to further strengthen bilateral trade, investment, and people-to-people ties between India and Canada.
Flex office firms' earnings jump on strong demand, premium shift
Flexible workspace firms WeWork India, Smartworks, IndiQube, and Awfis reported robust revenue growth and improved margins in the last fiscal year. Sustained demand from global capability centers and a shift to managed offices fueled this performance.
Spire Global stock surges on Schaeffler partnership deal By Investing.com - Investing.com India
Spire Global stock surges on Schaeffler partnership deal By Investing.comInvesting.com India
Why Pernod Ricard is facing heat in India’s biggest liquor market
French liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a massive federal tax dispute and an antitrust investigation. Additionally, Pernod is under scrutiny from India's financial crime agency regarding alleged collusion in Delhi's liquor license auctions.
JM Financial retains 'Reduce' on Meesho; flags pre-IPO lock-in expiry risk
Given Meesho's premium valuation relative to domestic and global peers, the brokerage believes even partial monetisation by existing investors could create a meaningful supply overhang on the stock
Jefferies raises target price of auto ancillary stock that's venturing into aerospace
Jefferies has increased its target price for Belrise Industries to Rs 250, maintaining a positive outlook. The auto component maker is experiencing strong earnings growth and securing new orders. Belrise is also expanding its global presence in aerospace and defence sectors. This strategic diversification is expected to drive future growth and profitability for the company.
Persistent Systems and Kong announces strategic partnership to scale enterprise AI adoption
Persistent Systems and Kong, a leading developer of API and AI connectivity, today announced a strategic partnership to help enterprises implement the control layer required to scale AI securely and reliably. Persistent is uniquely positioned as Kong's global systems integration partner, combining its engineering-led approach with Kong's unified API and AI connectivity platform to simplify integration, strengthen governance and accelerate enterprise AI adoption.
Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher Motors
Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's dividend transfer will impact liquidity and government spending. Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors are in focus. Companies like Suzlon Energy, RVNL, and Pine Labs will announce quarterly results.