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BCCI) has signed Wonder Cement as the official umpire partner for the Indian Premier League (IPL). Sources privy to the development said Wonder Cement will pay Rs 250 crore for the deal, which will begin with IPL 2024 play-off games and run until 2028. Wonder Cement, which replaces Paytm, is the sixth brand to join the IPL sponsor roster this year after Tata Sons, My11Circle, AngelOne, RuPay, and Ceat.

Small-cap stocks are making headlines again, but not for the reasons they were in March. Back then, comments from markets regulator, the Securities and Exchange Board of India (Sebi), had triggered a sell-off. Now, the narrative has flipped.

Hindustan Zinc have nearly doubled investor wealth in a month's time after its shares rallied 8.75% on Wednesday to hit a fresh all-time peak of Rs 807 on BSE. The metal stock's market capitalisation has also crossed the Rs 3 lakh crore mark after 6 days of non-stop rally. Hindustan Zinc is also the best-performing metal stock in the calendar year 2024 with a staggering return of 146% year-to-date.

Shashi Tharoor predicted that his party's confidence has increased in the run-up to the last two phases of elections. Tharoor said the Congress and INDIA bloc candidates will do better than the 2019 Lok Sabha elections. “I would say with some confidence that I am looking at the overall picture in the country with a great deal of self-belief.

Virat Kohli's IPL team, the Royal Challengers Bangalore (RCB) at the Narendra Modi Stadium in Ahmedabad on Wednesday. She posted a note titled, ‘I wanna see you win’, with the caption, “Whatever your heart desires, Whatever aspirations you hold, I am rooting for you...You are deserving of victory."A post shared by Samantha (@samantharuthprabhuoffl) By the time this was written, the post had received 503902 likes and 3,097 comments.

Mazagon Dock Shipbuilders has excelled, with a stellar return of over 277% in the past year. The company is one of India's leading defence public-sector undertaking shipyards under the Ministry of Defence (MoD). It is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.

Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business. Once a role model for India’s nascent startup economy, Paytm’s net losses swelled several-fold to 5.5 billion rupees ($66.1 million) for the three months through March. The company known as One 97 Communications Ltd. reported a 2.6% slide in revenue to 22.7 billion rupees — the first drop since its 2021 stock-market debut. Its shares slid as much as 2%. Also Read: Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY

U.S. stock indexes drifted higher to set more records following another quiet day of trading

Caitlin Clark has signed a multiyear deal with Wilson Sporting Goods for a signature basketball line

The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments

PV Subramanyam, CEO, www.subramoney.com, says it is better to continue SIPs and not put fresh money in the market just because the home minister has said the market is going to go up. “He can talk up, talk down, anything can happen. So, do not bother too much about what these people say.” When the prime minister says that after 4th of June the financial markets will set new records and never before seen highs and the home minister says buy more shares before the 4th of June, is this really a cue for investors to set out a new strategy? If so, what should that strategy be? As a certified financial planner, would you ask investors to stay put? PV Subramanyam: The market has an uncanny habit of not listening to anybody. When everybody is bullish, that is the time when the market comes down. I am old enough to remember when the market was about 21,000, people said it will touch 25,000 but from 21,000, it came to 19,000. It quickly recovered but that is a different thing. But yes, if you ask me, it is scary. But the SIP market of Rs 21,000-22,000 crore, which is increasing regularly, supports the market. However, the volatility index is nowhere near something for us to be scared about.

Heat wave to severe heat wave conditions are expected to persist over the plains of Northwest India and heat wave conditions over northern Madhya Pradesh and Gujarat State for the next five days, according to India Meteorological Department. Heat wave to severe heat wave conditions have been observed in many parts of Haryana and Delhi, and in some parts of Punjab. Heat wave conditions are also present in parts of Rajasthan and Uttar Pradesh, with isolated pockets in Gujarat and Madhya Pradesh. These conditions have been prevailing over the Gujarat region since May 15, Saurashtra & Kutch since May 16, and over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh, and Rajasthan since May 17, 2024. Sirsa (Haryana) had recorded a temperature of 47.8 degrees on Tuesday while Najafgarh (Delhi) was the hottest in India on Monday, recording a temperature of 47.4 degrees.

record in the league stages of the tournament with 17 points to their name and a net run rate of +0.273. However, RCB have the momentum going in their favour after winning 6 games back to back, and securing an epic victory against the Chennai Super Kings in their last match.

Heatwave Alert LIVE updates: The India Meteorological Department (IMD) issued a warning on Wednesday of an impending severe heatwave across several states in North India, including Rajasthan, Punjab, Haryana, Delhi, and Uttar Pradesh. The warning comes after a scorching May 21, when maximum temperatures soared beyond 45 degrees Celsius in these regions.The weather office stated that heatwave to severe heatwave conditions are expected in Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and Madhya Pradesh until May 25.

Gold prices were steady on Wednesday and hovered above key $2,400 level touched earlier this week, supported by safe-haven buying and the prospect of interest rate cuts from the U.S. Federal Reserve later this year. FUNDAMENTALS

India Meteorological Department (IMD) has issued a red alert for parts of Rajasthan, Punjab, Haryana, Chandigarh, Delhi, and West Uttar Pradesh. Over the next five days, severe heatwave conditions are expected, with temperatures likely to exceed 47°C in several areas. Temperature Predictions and Regional Impact Senior IMD scientist Naresh Kumar reported, «Temperatures are currently above normal across North West India, and we had issued a red alert for the region over the past 2-3 days. The maximum temperature is likely to inch further up from 45°C and settle at 47°C in Rajasthan.» In Punjab and Haryana, temperatures will gradually increase by 2 to 3 degrees after a slight drop due to a western disturbance. Uttar Pradesh also faces a red alert for the next five days, and an orange alert is issued for northern Madhya Pradesh.

Buy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex witnessed cautious trade and settled flat in the previous session with most stocks suffering losses. Weak global cues from Asian and European markets, lack of fresh triggers, and the market's rich valuation capped further gains. The US Federal Reserve policy minutes, expected to be out later tonight, will offer investors hints on the timing and extent of interest rate cuts this year.

Sensex fell 52.63 points, or 0.07%, to close at 73,953.31, while the Nifty 50 settled 27.05 points, or 0.12%, higher at 22,529.05. “Despite FIIs selling and India Vix at elevated levels, markets have stabilized and we expect a gradual up-move going forward. Key events to watch this week – UK inflation data, US Existing Home Sales number and FOMC meeting minutes," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

MUMBAI : With silver trading at higher than ₹90,000 a kg on commodity bourse MCX, market stakeholders warn that any increase toward the psychological ₹1 lakh level could result in a profit-booking spree. The white metal has risen 26% from ₹73,501 a kg to a record ₹92,475 in the year-to-date, MCX’s spot price index shows.

₹30,000-31,000 crore in fiscal 2025," the first person said. APSEZ’s consolidated revenue in FY24 grew 28% year-on-year to ₹26,711 crore, and net profit jumped 50% to ₹8,104 crore. Both are record highs.

Orion is redoubling its commitment to provide technology solutions for advisors as it adds a veteran fintech leader to its executive team.