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Vedanta Iron & Steel shares extend winning streak, surge 10%; stock up 70% since listing
Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.
Oberoi Realty makes Delhi-NCR debut with Rs 6,000 crore housing project
Mumbai's Oberoi Realty has officially entered the Delhi-NCR market, launching its maiden luxury housing project, 'Three Sixty North,' in Gurugram. This ambitious venture, with a total investment of Rs 6,000 crore, aims to replicate the company's success in Mumbai. The first phase, featuring 832 units, has commenced with prices starting at Rs 19 crore.
Eleven invests Rs 216 cr into financial services biz, total investment rises to Rs 470 cr
Diversified group Eleven has injected Rs 216 crore into its financial services arm, pushing total investment to Rs 470 crore over four years. This strategic move aims to bolster its scaled financial services franchise, with its NBFC, SVCL, having served over 19 lakh customers and disbursed Rs 10,000 crore. Eleven also launched Eleven Tech, a new platform for financial institutions, appointing Monu Ratra as its CEO.
China, India See Top Firms Lose Market Cap Share in AI Lag
In both China and India, the ten largest companies in each nation now account for about 19% of total market capitalization, down respectively from 26% and 22% a year ago, according to Bloomberg-compiled data.
ITC CMD sees ₹1.7 cr drop in pay - here’s why
ITC Chairman and Managing Director Sanjiv Puri's total remuneration fell 6.8% year-on-year to ₹23.91 crore in FY26, primarily due to a decline in performance-linked bonuses and long-term incentive payouts, according to the company's latest annual report.
Transrail Lighting Ltd secures overseas orders worth Rs 459 cr
Transrail Lighting Ltd has secured significant international orders totaling approximately Rs 459 crore, primarily for transmission line construction in the Middle East and North Africa. This boosts the company's total order inflow for the year to Rs 1,034 crore. Additionally, Transrail is the Lowest (L1) bidder for projects worth around Rs 400 crore, indicating a strong future pipeline and sustained growth prospects.
BEML bags additional order worth $5.35 million from West Asia; Here's where total order value stands
BEML wins an additional 5.35 million dollar West Asia export order, lifting contract value to 41.73 million dollars and total international orders to 112.35 million dollars
RBI issues Master Direction for Credit Derivatives
In pursuance of the announcement made in the Union Budget for FY 2026-27, to enable the introduction of derivatives on credit indices and total return swaps on corporate bonds, the Reserve Bank of India had issued Draft Directions on February 6, 2026, seeking feedback from market participants, stakeholders and other interested parties. The feedback received on the draft directions has been examined and consequent modifications have been suitably incorporated in the final Master Directions.
Health ministry issues proposal for one-year residual shelf life for imported drugs
The Union Health Ministry is proposing to relax import rules for medicines, requiring a minimum 12-month shelf life upon arrival instead of the current 60% of total shelf life. This move aims to simplify business operations and ensure medicine availability. The change, however, will not affect specialized drugs like biologicals and radiopharmaceuticals. Officials believe this will cut down wastage and improve inventory management, ultimately benefiting patients.
Turtlemint Fintech IPO listing date on 29 June: Here’s what GMP hints ahead of debut
Turtlemint Fintech IPO listing is scheduled on 29 June, after a subscription period from 19 to 23 June. The IPO received strong demand, particularly from retail investors. The share price is fixed between ₹144-152, with a total offering value of up to ₹660.72 crore.
Amazon will look at acquisitions, continue to work with govt on expanding AI capabilities: Andy Jassy, CEO
Amazon is significantly boosting its India investment, committing an additional $48 billion by 2030, bringing the total to nearly $90 billion. CEO Andy Jassy highlighted opportunities in AI, cloud computing, and quick commerce, emphasizing India's crucial role in Amazon's global strategy. The company sees substantial growth potential as retail and IT sectors increasingly shift online and to the cloud, despite operating under India's marketplace model.
India's active credit cards cross 120 million in May
India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore.