Buy or sell stocks: The Indian stock market returned to the red on Wednesday, 3 June, after a brief one-day pause in its recent decline. However, the benchmarks recovered considerably…
Category: Market
SoftBank sells 3.25% stake in Lenskart for ₹2,873 crore via block deal
Technology investor SoftBank Group on Wednesday divested a 3.25 per cent stake in eyewear firm Lenskart Solutions for Rs 2,873 crore through an open market transaction. Softbank through its affiliate…
NHPC OFS fully subscribed, government raises about ₹4,300 crore from stake sale
The offer for sale (OFS) for NHPC was fully subscribed on the final day on Wednesday, helping the government mobilise about Rs 4,300 crore from stake dilution. Against the OFS…
US to invest $1.5 bn in energy security, LNG infrastructure in India & SE Asia to catalyse exports
In a significant move, the US will invest $1.5 billion, or roughly ₹14,400 crore, through an investment platform to create energy infrastructure, including liquefied natural gas (LNG), in India and…
India’s wheat procurement for buffer stocks exceeds revised target
The Indian government’s wheat procurement during the ongoing season has reached 34.99 million tonnes (mt) as of May 31, up by 17 per cent from 29.82 mt in the corresponding…
Led by Poland & China, central banks turned net buyers of gold in April
After having been net sellers of gold in March, central banks turned net buyers of the precious metal in April, led by Poland and China, data from the World Gold…
India cuts foodgrains output target amid below normal monsoon forecast
After achieving a record foodgrain production of 376.56 million tonnes (mt) in 2025-26, India has set a target of 373.93 mt for 2026-27 crop year (July-June). This includes 151 mt…
US signals end to Russian oil sanction waivers, global energy markets on edge
The United States on Tuesday said it would like to end the sanction waivers granted to countries purchasing Russian oil, contending that these measures were time-limited to ease global supplies…
BHEL shares to be in focus on Thursday as company bags ₹2,500 crore international order from Nigeria’s Dangote
Shares of state-run engineering major (BHEL) are likely to attract investors’ attention in Thursday’s trade, 4 June, as the company secured a major international order worth ₹2,000–2,500 crore from Dangote…
Gold, silver rates today: Comex gold tumbles $53/oz; silver drops $2 amid firm dollar, inflation fears
Precious metals retreated from their brief rally on Wednesday, 3 June, surrendering all of the previous day’s gains as deepening tensions in the Middle East kept crude oil prices elevated,…