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Tata's Apple iPhone factory in Tamil Nadu may get shut down over farmland water contamination; pollution body seeks explanation
An Indian pollution regulator has accused Tata Electronics, a key supplier for Apple's iPhones, of contaminating groundwater near its Hosur factory. The regulator found wastewater discharge from the plant polluted farmland wells. Tata faces a potential shutdown unless it provides a satisfactory explanation. This adds to recent issues faced by Apple's Indian supply chain.
N E Electronics reports standalone nil net profit/loss in the March 2026 quarter
Reported sales nil
Electronics Mart India gains on opening new Bajaj Electronics store in Andhra Pradesh
Electronics Mart India rallied 3.74% to Rs 105.35 after it has commenced commercial operations of a new multi-brand store under its 'Bajaj Electronics' brand in Andhra Pradesh.
GNG Electronics climbs as promoter pares stake to meet MPS norms
GNG Electronics rallied 3.03% to Rs 430.80 after the company's promoter, Vidhi. S. Khandelwal sold a 3.94% stake through the open market route for approximately Rs 175 crore, to comply with minimum public shareholding (MPS) norms.
Banks Curb Hedge Fund Bets on SK Hynix, Samsung After Wild Moves
Global banks are curbing hedge funds’ leveraged bets on Asia’s top chipmakers including SK Hynix Inc. and Samsung Electronics Co. after a blistering rally this year raised concerns of a potential pullback, according to people familiar with the matter.
Asian shares surge, oil dips after Trump claims progress in Iran war talks
Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after US President Donald Trump claimed there was a breakthrough in talks to end the Iran war. US futures edged higher. South Korea's Kospi jumped 7.8 per cent to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2. Samsung Electronics, South Korea's most valuable company, advanced 11.2 per cent. Computer chipmaker SK Hynix rose 7.2 per cent. Tokyo's Nikkei's 225 gained 3.5 per cent to 66,442.95, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2 per cent. Chip equipment maker Tokyo Electron jumped 10.3 per cent. Hong Kong's Hang Seng gained 1.8 per cent to 24,689.32 and the Shanghai Composite index rose 1.6 per cent to 4,050.51. In Australia,
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
GNG Electronics share price jumps nearly 9% after ₹175 crore block deal; Motilal Oswal, Goldman Sachs pick up stake
GNG Electronics shares rose nearly 9% after a ₹175 crore block deal involving multiple mutual funds and foreign investors. The company saw notable growth, with a 55% rise in six months, backed by its strong refurbishment capabilities and positive market outlook from Motilal Oswal.
Stocks in news: Lenskart, GNG Electronics, Vedanta, Infosys, RIL
Markets closed lower on weekly expiry day amid weak global cues, with selling pressure on every rise. Block deals in GNG Electronics and Lenskart, Vedanta's demerger, Infosys's CMMI AIM Framework contribution, and RIL's interest in rare-earth minerals were key developments. Analysts eye 23,000 as a crucial support level.
GNG Electronics promoter sells ₹175 crore stake to meet public shareholding norms
Promoter Vidhi Khandelwal sold a 3.94% stake in GNG Electronics through a ₹175 crore block deal, helping the company meet regulatory requirements.
Block deal: Goldman Sachs picks stake in this smallcap stock that surged 50% in 6 months
GNG Electronics witnessed a Rs 175 crore block deal as promoter Vidhi Khandelwal sold shares to domestic mutual funds and foreign investors. Institutional interest comes amid optimism over the company’s leadership in the refurbished electronics market and strong growth prospects.
GNG Electronics up 7% on heavy volume; promoter to sell 3.95% stake
According to data compiled by Bloomberg, 4.49 million shares changed hands in GNG Electronics through multiple block deals in the pre-opening session