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Nestle India on Wednesday said it has changed the record date for the payment of the final dividend to July 16 from July 15 earlier. Earlier, the company's Board had recommended a final dividend of Rs 8.5 per for the fifteen months ending March 2024. The record date will determine who will be eligible to receive the said dividend payment.

Tessa Virtue and husband Morgan Rielly have been advised to halt the exterior paint job on their Toronto home. Renovations at the home of the celebrity couple were front and centre at the Toronto and East York Community Council meeting on Tuesday.Documents obtained by Global News show a building permit was issued for the heritage property in May 2023.

Jayesh Pujari allegedly raised pro-Pakistan slogans on the premises of a court in Belagavi, Karnataka, where he was brought on Wednesday in connection with the hearing in a pending case against him, police said. Following this, he was allegedly roughed up by people and advocates who assembled there, they said.

International Road Federation (IRF), a Geneva-based global road safety body, has urged the Goods & Service Tax (GST) council and the ministry of finance to reduce GST on helmets from 18% to nil to make them affordable to the masses and road accident fatalities to two-wheeler riders.

₹740 crore offering, which opened on Monday, June 10, will end today (Wednesday, June 12). ixigo IPO subscription status is 43.89 times, at 13:51 IST, on the last day of bidding today.Non-institutional investors has been subscribed 79.74 times, retail investors has been booked 40.26 times, and Qualified Institutional Buyers (QIBs) 27.18 times.The initial share sale received bids for 1,92,10,35,578 shares against 4,37,69,494 shares on offer, according to BSE data.Also Read: ixigo IPO day 3: Latest GMP, subscription status to review.

₹2.6 crore collectively for indulging in fraudulent trading activities.Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment and Toshee Trade are others banned by Sebi.Pandya was the host/co-host of various shows at CNBC Awaaz till August 2021, while Alpesh Furiya appeared on the television channel as a guest or external expert and gave stock recommendations on his Twitter handle.Sebi has restrained Pandya, Alpesh Furiya, and other six entities from “accessing the securities market and further prohibited from buying, selling, or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner whatsoever, for a period of five years."Also Read: Why Sebi's reviewing the eligibility criteria for derivatives trading?The regulator also levied a fine of ₹1 crore each on Pandya and Alpesh Furiya and ₹10 lakh each on the remaining six entities.

Also Read: Stock market today: Nifty 50, Sensex end flat; midcaps, smallcaps continue their outperformanceNifty 50 has recovered its election result day losses and is consolidating above the result day’s high. On hourly charts, Nifty 50 is trying to form a cup and handle pattern on which dips towards 23,000 and is likely to get bought into for an upside target of 23,500 / 23,800.

Titan Company, CLSA has an outperform rating on Tata Motors and Citigroup recommended a buy on IndusInd Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

In a blaze of rhetoric that partisan politicians and their followers would be proud of, Finance Minister Chrystia Freeland finally released some of the legislative details about the proposed change to the capital gains inclusion rate from the current 50 per cent to two-thirds for corporations and most trusts as well as for individuals who have more than $250,000 of annual capital gains.

Indian stock market: On June 11, the Indian stock market benchmarks remained in a consolidation phase for the second consecutive session, influenced by subdued global cues.The Sensex commenced trading 191 points higher at 76,680.90 compared to its previous close of 76,490.08. It surged around 370 points to reach an intraday peak of 76,860.53. However, succumbing to profit booking towards the end of the session, the index ended 33 points, or 0.04 per cent, lower at 76,456.59.Also read: Stocks to buy: Axis Bank, Dr Lal Pathlabs among top four stock picks by SMC Global Securities for this weekSimilarly, the Nifty 50 began at 23,283.75, in contrast to its previous close of 23,259.20, and reached an intraday high of 23,389.45.

Buy or sell stocks for today: Following a choppy trend in the global markets, the Indian stock market erased all its gains in the closing bell on Tuesday. The Nifty 50 index ended marginally higher at 23,264, while the BSE Sensex finished 33 points lower at 76,456.

Pradeep Pandya, who was anchoring stock market shows on a television channel, and seven other entities from securities market for five years and imposed a fine of Rs 2.6 crore collectively for indulging in fraudulent trading activities. Apart from Pandya, others banned by Sebi are Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment and Toshee Trade. Pandya was the host/co-host of various shows at CNBC Awaaz till August 2021, while Alpesh Furiya appeared on the television channel as a guest/external expert and gave stock recommendations on his Twitter handle.

The ministry of corporate affairs recently closed public consultations on the draft Digital Competition Bill (DCB) and the findings of the Committee on Digital Competition Law (CDCL). The CDCL emphasized the importance of a robust framework to support the rapid expansion of the digital ecosystem in India and recommended the introduction of ex-ante measures in form of the DCB to complement the existing ex-post framework under the Competition Act.

Railway stocks jumped up to 10% after Ashwini Vaishnaw took charge as the Indian Railway minister continuing from his previous stint. The gains were led by Jupiter Wagons which shot up to the day's high of Rs 682.90 on the NSE, gaining 10% on the intraday basis. It was followed by Texmaco Rail & Engineering and Indian Railway Catering and Tourism Corporation (IRCTC), which surged 6% each as of noon. The other gainers were Rail Vikas Nigam Limited (RVNL), Indian Railway Finance Corporation (IRFC), BEML, Ircon International, RITES, and Container Corporation of India (CONCOR) which were up between 2.5% and 5%.

Shree Cements Ltd. fell 0.6 per cent to Rs 27080.8 in Tuesday's trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 23346.9, up 87.71 points. The scrip had closed at Rs 27246.7 in the previous session. The stock quoted a 52-week low of Rs 22601.3 and a high of Rs 30710.15. The company quoted a market-cap of Rs 97778.65 crore on the BSE.

Modi 3.0 Cabinet: From Amit Shah, Nirmala Sitharaman, Jaishankar to Rajnath Singh – 10 ministers who retained portfolios"All solutions to electoral losses need not be translated into populism and away from a macro framework built over the last decade. We expect the government to remain fiscally prudent and populism to be used opportunistically," Kotak said.Prime Minister Narendra Modi was sworn in as prime minister for the third consecutive term on Sunday, June 9, along with his 71 ministers.

₹271.10 apiece in intra-day deals on Tuesday, June 11, after global brokerage house Jefferies retained its bullish outlook on the stock as the central government's policy continuity should keep the oil PSU's profitability elevated. It stated that ONGC's profitability is to stay elevated compared to past averages.Following the announcement of the election verdict on June 4, where the BJP fell short of the 272 mark needed for a majority, the oil major's shares tanked almost 17 percent on that day.

REITs or Real Estate Investment Trusts are silently clawing back to prominence amid pick-up in demand for office space and rents moving north. REITs offer a diversification opportunity to investors at relatively lower risk, say experts who recommend a bite into this portion of the realty cake. Market regulator Securities and Exchange Board of India (Sebi) allowing fractional ownership through small and medium-sized REITs (SM REITs) is expected to benefit not just this segment but also offer an additional revenue to the retail investor.

demat accounts from around 4crores in early 2020 to above 15 crores now have created a new breed of newbies who are chasing the mid and smallcaps," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.Also Read: Foreign investment surge fuels spectacular rally in India’s smallcaps amid bubble alerts"The sustained flow of mutual fund investments, particularly SIPs, into the broader market gives no option to the fund managers but to buy mid and smallcaps even when the valuations are high. The current pattern of fund flows and retail investor behaviour may sustain the outperformance of this segment for some more time.

Suresh Gopi assumed charge as Minister of State for Petroleum and Natural Gas as well as in the Ministry of Tourism on Tuesday morning.

Tata Motors DVR, and Tata Chemicals along with Asian paints and others will remain in focus this week due to corporate actions like dividends and annual general meetings. Here is a list of corporate actions lined up for the day: