Afcons Infrastructure Ltd has fixed July 23, 2026, as the record date to determine shareholders eligible for its proposed final dividend of ₹2 per share for FY26, subject to approval at its upcoming AGM. The company will hold its 50th AGM on July 30, 2026, according to an exchange filing. If approv…
Outgoing Axis Bank Chief Financial Officer Puneet Sharma is set to join HDFC Bank as its next CFO, according to people familiar with the matter, in what would mark another significant senior leadership moves in India's private banking sector this year.People familiar with the matter said Sharma is…
Private sector lender Bandhan Bank Ltd on Monday (June 29) said the bank's Chief Financial Officer and Key Managerial Personnel, Rajeev Mantri, has tendered his resignation on June 29, 2026.The bank said Mantri has resigned to pursue another opportunity from a career growth perspective. His last wo…
Jagsonpal Pharmaceuticals Ltd on Monday (June 29) said it has entered into a Share Purchase Agreement to acquire 85% of the paid-up equity share capital of Aequitas Healthcare Private Ltd.The proposed acquisition marks Jagsonpal's strategic entry into the hospital segment and is aligned with the Co…
There's even more upside left in TeraWulf despite the stock's already massive 12-month rally, according to Citi.The bank initiated coverage of the energy infrastructure stock with a buy rating. Its price target of $36 implies an upside of 39.4% from Friday's close.TeraWulf has been on fire, soaring…
Renewables solution provider Sterling and Wilson Renewable Energy Ltd on Monday (June 29) announced that its joint venture has received a Letter of Award (LOA) for a 1,000 MWac solar PV project integrated with a 600 MWh Battery Energy Storage System (BESS) in Egypt.The project, valued at approximat…
India's third-largest private sector lender, Axis Bank Ltd, on Monday (June 29) said the bank's Chief Financial Officer (CFO) Puneet Sharma has tendered his resignation on June 28, 2026, to pursue the next phase of his professional journey, the bank said in a regulatory filing.Sharma will be reliev…
Pharmaceutical company Zydus Lifesciences Ltd on Monday (June 29) said it has extended the closing date for the acquisition of the active pharmaceutical ingredient (API) business of Sterling Biotech Ltd to September 30, 2026, as the seller is yet to complete certain conditions precedent under the B…
Multimodal logistics operatorAllcargo Terminals Ltd reported healthy operational growth for May, with total container volumes rising in both annual and sequential terms, reflecting continued strength in India's export-import (EXIM) trade.According to its monthly operational update, the company hand…
The equity benchmark indices BSE Sensex and NSE Nifty ended lower on Monday (June 29), snapping their two-day gaining streak, as losses in heavyweight stocks and banking shares weighed on investor sentiment.The Sensex fell 372 points to close at 76,728, while the Nifty declined 110 points to end at…
State-run Bharat Petroleum Corporation Ltd (BPCL) has signed an agreement to acquire a 40% stake in Tiki Tar and Shell India Pvt Ltd for ₹85 crore, marking another step in strengthening its presence in the bitumen and road infrastructure materials segment.The company informed exchanges on Monday th…
Gold and silver prices traded lower in the domestic futures market on Monday (June 29) as weak global trends, easing geopolitical tensions and cautious investor sentiment weighed on precious metals.Gold futures for August delivery on the Multi Commodity Exchange (MCX) declined ₹782, or 0.54%, to ₹1…
Shares of Vodafone Idea Ltd. gained on Monday, June 29, ahead of the Nifty indices rejig.The Nifty indices quarterly rejig for broader indices and semi-annual rejig for strategic indices is scheduled for Monday, June 29, 2026. Passive flows will be witnessed in many stocks, which will either see a…
Hindustan Aeronautics Ltd (HAL) on Monday, June 29, announced a final dividend of ₹10 per equity share for the financial year 2025-26, rewarding shareholders after another year of healthy profitability.In a regulatory filing, the state-run aerospace and defence manufacturer said its board has recom…
British American Tobacco Plc is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations.By the end of this year, the maker of Dunhill cigarettes will have slashed 5,500 jobs and outsourced a further 3,500, according to…
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, wh…
The India Infrastructure Finance Company (IIFCL) is planning to borrow $1 billion from overseas investors, which could be its biggest foreign-currency loan, while also exploring a separate $400 million funding from the Asian Development Bank, an executive said.The Indian company is the latest to ta…
Shares of Netweb Technologies India Ltd. fell as much as 10% on Monday, June 29, after the company announced that its board will meet later this week to consider a proposal for raising capital.The stock declined as much as 10% to ₹4,450.00 before recovering some losses to trade 8% lower at ₹4,561.6…
Shares of Supreme Industries are down over 6% on Monday, June 29, after brokerage firm JPMorgan downgraded the stock to "neutral" from its earlier rating of "overweight" and also recommended investors to remain on the sidelines.JPMorgan has also cut its price target on Supreme Industries to ₹3,450…
Tata Motors said its proposed acquisition of Italy’s IVECO Group will help create one of the world’s largest commercial vehicle manufacturers, as it outlined its global expansion strategy at its first annual general meeting since the demerger of its commercial vehicles business.The company said the…
