United Spirits shares gain 3% on reports of potential RCB stake sale by parent Diageo
United Spirits shares: According to the report, Diageo is considering several options regarding its stake in the prominent cricket franchise, which it holds via United Spirits. The British liquor major is said to be in talks with advisers to assess the possibility of selling either a partial or complete stake in RCB.
Grasim Industries shares soar over 4% after Morgan Stanley upgrade, sees 29% upside on UltraTech tailwinds
Grasim Industries surged 4.4% on Tuesday after Morgan Stanley upgraded the stock to ‘Overweight’ and raised its target price to Rs 3,500, implying a 28.5% upside. The brokerage also named it a “top pick,” citing strong prospects in the paints segment, which has exceeded expectations since launch, and highlighted multiple growth opportunities driving long-term value.
Protean eGov Technologies shares surge 6% after Rs 100 crore order win
Protean eGov Technologies has secured a Rs 100 crore work order from the Bima Sugam India Federation to serve as the Technology Solution Provider for its unified digital insurance marketplace. The 72-month domestic contract involves end-to-end development, integration, and support of the platform, strengthening Protean’s position in India’s Digital Public Infrastructure (DPI) ecosystem.
Positive Breakout: These 7 midcap stocks cross above their 200 DMAs
In the NSE Midcap pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 9, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the […]
Defence stocks have legs well beyond current market cycle: Groww AMC CEO Varun Gupta
Indian investors are now more mature. They are accepting market ups and downs. They are investing for the long run. SIP investments are strong. Passive funds are becoming popular. Defence sector is growing due to government support and new technology. Groww Asset Management focuses on long-term investments. Geopolitical issues are impacting global markets. India is […]
Jainik Power and Cables IPO opens today: Check price band, issue size and other key details
Jainik Power and Cables’ ₹51.30 crore SME IPO opens today, aiming to fund expansion, working capital, and loan repayment, with shares set to list on NSE SME by June 17.
Asian stocks to advance as US-China talks continue
Asian markets are expected to open higher following positive signals from US-China trade talks. US officials expressed optimism after the first day of negotiations, boosting investor sentiment. The market remains sensitive to trade headlines as investors await key inflation data and the Federal Reserve’s upcoming interest-rate decision.
Motherson’s Marelli takeover faces US hedge fund bump
Samvardhana Motherson is preparing to compete with Strategic Value Partners (SVP) for the acquisition of Marelli Holdings. Motherson is reportedly raising $2 billion for the deal. Marelli’s board is meeting to decide the company’s future amidst financial struggles. Motherson has proposed a financial package involving KKR writing off its shares and Motherson acquiring new shares […]
Insurers’ new biz premiums up in May, policy sales fall
India’s life insurance sector experienced a nearly 13% surge in new business premiums in May 2025, reaching ₹30,463 crore, driven primarily by private insurers. However, policy sales declined by 10.4% due to the new surrender value guidelines. Group business led the growth, while individual segments saw muted performance, with private insurers shifting towards higher-value policies.
Retail investors shift focus to high-yield corporate bonds for better returns
Mumbai’s retail investors seek higher returns. They are investing in high-yield corporate bonds. RBI’s rate cuts push them towards state-guaranteed papers and NBFC bonds. Online platforms like Indiabonds see increased activity. These bonds offer better returns than fixed deposits. Experts advise diversification across issuers and tenures. Investors should monitor company financials for risk management.