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12.06 / 17:45
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Whirlpool of India and HUL enter collaboration to market Surf Excel
Whirlpool of India and Hindustan Unilever Ltd (HUL) on Wednesday announced a new marketing alliance for Surf Excel, the laundry brand of the leading FMCG maker. As per the alliance, both brands will have joint marketing initiatives.
12.06 / 14:51
Reuters
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War
Blinken says some Hamas proposals unworkable but work on ceasefire to continue
Hamas proposed «numerous changes» in its response to a ceasefire proposal to end the Gaza war including some unworkable changes, U.S. Secretary of State Antony Blinken said on Wednesday, but he insisted Washington and mediators will press ahead to bridge gaps between the Palestinian militant group and Israel.
12.06 / 14:51
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Bankruptcy court approves resolution plan for Era Infra Engineering
Era Infra Engineering, are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition by lesser-known SA Infrastructure Consultants Pvt Ltd.
12.06 / 14:43
MET
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Pema Khandu to become CM of Arunachal Pradesh for fifth time
Pema Khandu will become the chief minister of Arunachal Pradesh.
12.06 / 14:43
markets
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Bain Capital and BNP Paribas to sell L&T Finance shares worth Rs 1,500 crore
Bain Capital and BNP Paribas are likely to sell shares worth $180 million (Rs 1,500 crore) through block deals on Thursday. According to sources, these firms will sell their entire remaining stake of 8.82 crore shares at Rs 169.17 apiece — a 0.85% discount to Wednesday’s closing price. Shares of L&T Finance gained 3.5% on Thursday to close at Rs 170.60. The stock has rallied 10% in the last three months compared to a 4% gain in the Sensex index.
12.06 / 14:27
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THIS 1,600- year- old- manuscript details childhood miracles of Jesus Christ. Papyrus fragment decoded
manuscript, over 1,600 years old, has been identified as the earliest known account of Jesus Christ’s childhood. The document had been stored in a library in Hamburg, Germany, for decades and was long believed to be insignificant. However, as per the reports of 'New York Post', two experts have now decoded the text and revealed that it is the earliest surviving copy of the Infancy Gospel of Thomas.
12.06 / 14:27
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Swati Maliwal assault case: Arvind Kejriwal aide Bibhav Kumar moves Delhi HC for bail
Arvind Kejriwal's aide Bibhav Kumar has approached the Delhi High Court seeking regular bail in the case of alleged assault on AAP Rajya Sabha MP Swati Maliwal. The bail plea is likely to be listed for hearing before a vacation bench of the high court on June 14.
12.06 / 14:07
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Firing outside house: Mumbai Police record Salman Khan's statement
Mumbai Police on Wednesday recorded statements of Bollywood star Salman Khan and his actor brother Arbaaz Khan in connection with the incident of firing outside the family's residence here in April, an official said. A four-member crime branch team visited Galaxy Apartments in Bandra where the family lives, he said.
12.06 / 14:07
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Dr Reddy's signs in-licensing pact with Ingenus Pharmaceuticals for cancer treatment injection
Dr Reddy's Laboratories Ltd on Wednesday said it has signed a licensing pact with US-based Ingenus Pharmaceuticals, LLC, to commercialise Cyclophosphamide injection used in treatment of cancer. The company's wholly-owned subsidiary Dr Reddy's Laboratories Inc and Ingenus Pharmaceuticals, LLC have entered into license agreement, Dr Reddy's Laboratories Ltd (DRL) said in a regulatory filing.
12.06 / 14:07
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Muthoot Microfin raises $38 million in ECB on higher investor interest
Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch). The lender raised the fund with three years and three months maturity at 9.58% blended cost, benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin of 2.85%.
12.06 / 14:07
UPS
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Raebareli or Wayanad? Rahul Gandhi keeps voters in suspense
Rahul Gandhi on Wednesday talked about choosing between Raebareli in UP and Wayanad in Kerala but did not provide a clear answer.
12.06 / 13:21
Waters
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gatherings
Gone are days of one-person rule, now govt at Centre formed with help of others: Sharad Pawar taunts BJP
Sharad Pawar on Wednesday said gone are the days of one-person rule as the new government at the Centre could not have been formed by the BJP without the help of other parties. With the coalition government in place at the Centre, the Modi guarantee is now over, a change made possible by the power of the voters, he said.
12.06 / 12:43
markets
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Sundaram Home Finance launches emerging business segment; Rs 300 cr target disbursal
Chennai: Sundaram Home Finance has launched an 'emerging business' vertical as part of its diversification move and has set a target to disburse Rs 300 crore during this financial year in this segment, a top official said.
12.06 / 12:43
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Life insurers to mandatorily provide loan facility against policies: Irdai
Regulator Irdai on Wednesday said the facility of policy loan is now mandatory in all life insurance savings products, enabling policyholders to meet liquidity requirements. Issuing a master circular which consolidates all regulations with regards to life insurance policies, the Insurance Regulatory and Development Authority of India (Irdai) also said the free look period, which provides time to review the policy terms and conditions, is 30 days as against 15 days earlier.
12.06 / 12:43
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Home Minister Amit Shah, Chiranjeevi refer to Pawan Kalyan as 'Deputy Chief Minister'
Amit Shah and Telugu cinema superstar Chiranjeevi on Wednesday referred to Janasena chief Pawan Kalyan, in separate social media posts, as "Deputy Chief Minister" of Andhra Pradesh.
12.06 / 12:11
Target
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India’s retail inflation eases to 12-month low of 4.75 per cent in May
India's retail inflation eased to 4.75 per cent on an annual basis in May as against 11-month low of 4.83 per cent in the previous month, showed the government data on Wednesday
12.06 / 12:05
markets
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Stock market update: Sugar stocks up as market rises
Ugar Sugar Works Ltd.(up 5.49%), Balrampur Chini Mills Ltd.(up 3.50%), Avadh Sugar & Energy Ltd.(up 3.13%), DCM Shriram Industries Ltd.(up 2.80%), Rana Sugars Ltd.(up 2.47%), Simbhaoli Sugars Ltd.(up 2.01%), Magadh Sugar & Energy Ltd.(up 1.76%), KM Sugar Mills Ltd.(up 1.57%), Mawana Sugars Ltd.(up 1.44%) and Uttam Sugar Mills Ltd.(up 1.25%) stood among the top gainers.
12.06 / 12:05
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SBICAP Trustee Company pays Rs 25 lakh to Sebi to settle debenture trustee rules violation case
Trustee Company Ltd on Wednesday settled with markets regulator Sebi a case pertaining to alleged violation of debenture trustees rules after paying Rs 25 lakh towards settlement amount. This came after SBICAP Trustee Company filed an application with Sebi proposing to settle the alleged violations of debenture trustee rules «without admitting or denying the findings of facts» through a settlement order. SBICAP Trustee Company, a subsidiary of SBI Capital Markets Ltd, paid Rs 25.08 lakh towards the settlement amount.
12.06 / 08:55
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Share price of Pidilite Ind falls as Sensex gains 267.89 points
Pidilite Industries Ltd. dropped 2.92 per cent to Rs 3080.35 at 02:09PM (IST) in Wednesday's trade. The counter hit a high of Rs 3199.45 and low of Rs 3076.3 so far during the session. The stock had closed at Rs 3173.15 in the previous session. The counter had a total traded volume of 02:09PM shares so far with a turnover of Rs 3.68 crore on BSE. The stock traded at a price-to-earnings multiple of 94.1 and a price-to-book ratio of 18.24.
12.06 / 08:55
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F&O stocks: Indus Towers, IndiGo among 5 stocks with short buildup
Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
12.06 / 08:55
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Nikhil Kamath to launch new segment on his podcast with Bill Gates as its first guest
WTF is with Nikhil Kamath" has announced its new segment, "People By WTF," featuring Microsoft co-founder Bill Gates as its first guest.
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