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Allied Blenders IPO to open June 25; Sensex, FTSE rejig on Friday

NSE Indices has launched the thematic index Nifty India Tourism Index

Revenue stagnant and margins eroded, impact of high GST on gaming: Report

The report said, "Six companies have witnessed a decline in revenue growth ranging from 10-30 per cent, with certain companies facing a decline of 50 per cent"

EV maker Ola Electric secures market regulator Sebi approval for IPO

Ola Electric is eyeing a $6-7 billion valuation through the offering

AI platform OrbitShift raises $7 million to expand product footprint

OrbitShift claims that it has reduced research and sales planning time by 40-50%

Bombay High Court adjourns hearing on appeal by Subhash Chandra to June 26

Chandra had filed an appeal against the order and summons by Sebi in the alleged fund diversion matter in Zee Entertainment Enterprises

Vedanta target price raised 15%; M&M stock surges 91% in 5 months

The Anil Agarwal group co value has risen by over 70 per cent this year. Analysts say operational efficiencies, cost reduction, improved operating profit, and proposed demerger have underpinned gains

Bosch joins the elite group of companies with mcap of Rs 1 trillion

With Tuesday's gain, the stock has recovered by 25 per cent from its low of Rs 27,500 on June 4

AI app evaluation platform Maxim AI raises $3 mn led by Elevation Capital

Maxim's infrastructure, which sits between the foundational model and application layers of the AI stack, is deeply focused on AI developers who comprise the traditional AI/ML engineers

Advance tax collection surges 27.34% to Rs 1.48 trillion in June qtr so far

Refunds amounting to Rs 53,322 crore have also been issued in FY25 till June 17, which is 34 per cent higher than refunds issued during the same period in the preceding financial year

NTT DATA appoints Abhijit Dubey as CEO of its business outside Japan

NTT DATA has already expanded its international footprint to approximately $18 billion and has the world's sixth-largest market share in the IT services industry

CLSA sees further re-rating scope in Vedanta; stock rises over 2%

Vedanta also expects major cost reductions via alumina refinery capacity expansion, higher power generation efficiency, commissioning coal blocks and bauxite mines, and a smelting capacity increase

WhatsApp announces major upgrades to enhance calling experience

Interestingly, WhatsApp also announced that it is allowing more participants in video calls. Now 32 people can get on a video call across all their devices

JSW Group to invest $70 billion in 6 years; plans to expand capacity

The Odisha investment consists of a 50 GWh EV battery plant, EVs, a lithium refinery, a copper smelter, and related component manufacturing units

Haldia Petrochemicals signs 10-yr pact with QatarEnergy for naphtha supply

'Deal reaffirms commitment to be part of India's economic growth trajectory,' says Qatar's energy minister

Brigade Group to invest Rs 8,000 cr in Chennai; develop 15 mn sq ft

Bengaluru-based real estate company aims to double growth in Chennai

Nifty hits a new high of 23,323 amidst gains in heavyweight stocks

The gains in public sector enterprises like Power Grid and Coal India also boosted sentiment

Groww's active client base tops 10 mn; becomes 1st broker co to attain feat

Zerodha Broking, which is the country's most profitable brokerage, has UCCs of 7.51 million, cornering an 18 per cent market share

Wealth management firm 360 ONE acquires ET Money for Rs 366 crore

ET Money has 900,000 transacting clients with more than 100,000 revenue-generating users

Motilal Oswal launches defence index fund; 50% investors prioritise returns

The index fund will track the Nifty India Defence Index, which comprises 15 companies operational in the defence manufacturing and servicing industry

Sebi imposes Rs 2.6-crore penalty on ex-news anchor, and 7 others

Sebi on Tuesday imposed Rs 1 crore penalty on former CNBC Awaaz news anchor Pradeep Pandya and Alpesh Vasanji Furiya