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    Stock of ITD cementation tanks on Thai parent’s plan to exit the company

    ITD Cementation shares dropped 13.75% as promoter considers divesting stake. Stock surged 200% in past year, trading at PE ratio of 30.6. No final decision made yet.

    Sudha Murthy advocates for cervical cancer vaccination, promotes domestic tourism in Rajya Sabha

    Sudha Murty Rajya Sabha (Google Trends): Sudha Murty advocated for a government-sponsored cervical cancer vaccination program for girls aged nine to 14 in her maiden Rajya Sabha speech. She emphasized prevention and highlighted the feasibility of scaling up vaccinations, drawing parallels with the COVID-19 drive. Murty also promoted domestic tourism, urging recognition of Indian heritage sites as World Heritage Sites to boost tourism revenue.

    EV companies seek stability in incentives ahead of FAME-III rollout

    The comparison between FAME-II and EMPS subsidies is crucial, as highlighted by a report from the Federation of Automobile Dealers Associations, emphasizing the importance of stable subsidy regimes for the EV industry's growth.

    What is SEBEX 2, India's new explosive that is one of the most powerful bomb?

    India has introduced SEBEX 2, a high-performance explosive with a TNT equivalence of 2.01. Developed under the Make in India initiative by Economic Explosives Limited, SEBEX 2 enhances the effectiveness of various munitions without increasing weight. Certified by the Indian Navy, SEBEX 2, alongside SITBEX 1 and SIMEX 4, demonstrates India's growing capabilities in military technology, offering significant export potential and enhancing global security efforts.

    SEBEX 2: India gets one of the most powerful non-nuclear bombs that's two times more lethal than TNT

    India has introduced SEBEX 2, a high-performance explosive with a TNT equivalence of 2.01. Developed under the Make in India initiative by Economic Explosives Limited, SEBEX 2 enhances the effectiveness of various munitions without increasing weight....

    Promoter selling can cross Rs 1 lakh crore mark as retail investors buy using MFs

    With retail investors continuing to be on a buying spree using the mutual fund route, the trend of stake sale by promoters in NSE500 companies looks on track to cross the Rs 1 lakh crore mark.

    • Neogen Chemicals promoter sells 5.6% stake

      Kanani sold 14.95 lakh shares at 1,611.14 each. Shares of Neogen Chemicals closed at 1,592.85 on Friday after a decline of 4.76%

      Prevent mindless utilisation, promote mindful consumption: Bhupender Yadav

      At the first India Climate Summit of the Times Network on Friday, Bhupender Yadav, the minister for environment, forest and climate change, pointed out carbon emission-intensive anthropocentric development, unsustainable consumption patterns, and desertification as three pressing issues that confront the world today.

      How Cyberabad Police are using memes, videos to promote road safety

      Cyberabad Police and Mumbai Traffic Police effectively use humor and strict enforcement to address wrong-way driving, emphasizing consequences and traffic law compliance for road safety.

      Promoters to sell a 2.04% stake in Polycab India on Friday

      The promoters owned a 65.24% stake in the company as of March 31, 2024. Shares of Polycab have rallied 28% so far this year, compared to a 10% gain in the Sensex.

      Indian regulator says 36% of inspected drug-making units had to be shut

      India's drug regulator has ordered the closure of over 36% of its 400 drug manufacturing units since last year due to concerns over sub-standard cough syrups. The country, known as the world's pharmacy due to its large drug production, is working to restore confidence after the deaths of over 300 children worldwide linked to these syrups.

      Indian Pharma exports: 'USD 10 billion opportunity up for grabs in off patent drug market by 2029'

      A senior official of the Pharmexcil said drugs such as Merck's Pembrolizumab (Keytruda) whose revenue were at USD 25 billion and Bristol-Myers Squibb's Eliquis (Apixaban)-USD 12 billion, among others would be off-patented in the next few years.

      Promoter Mala Relan cuts stake in Sharda Motor

      Promoter Mala Relan offloads 25 lakh shares of Sharda Motor Industries for 499 crore in a block deal on NSE, selling at 1,996 each. With an 8.76% stake as of March 31, major buyers include Nippon India MF, Edelweiss MF, HSBC MF, ICICI Prudential MF, and Axis Smallcap Fund. Sharda Motor's shares climb 3.13% to 2,060, outperforming the BSE Smallcap Index's 8.73% gain over the past month.

      BlackRock buys 9.46 lakh shares in Titagarh Rail for 153 crore via block deal

      Bulk deal data from the BSE reveals that Rashmi Chowdhary sold more than 26.93 lakh shares at Rs 1,618 each, netting approximately Rs 436 crore from the transaction. Chowdhary, a promoter of the railway sector company, owned over 1.28 crore shares, representing a 9.52% stake as of the end of March, as per the shareholding information available on the NSE.

      Fairfax Group to sell a 9.72% stake in CSB Bank via block deal

      FIH Mauritius Investments is likely to sell a 9.72% stake in CSB Bank on Thursday through block deals to raise about Rs 595 crore. According to the term sheet issued by the banker IIFL, FIH Mauritius is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of Rs 352.4 per share.

      Ashok Soota sells a 6% stake in Happiest Minds Technologies for Rs 762.8-crore via block deal

      Ashok Soota, a promoter of Happiest Minds Technologies, sold 91.3 lakh shares in a BSE bulk deal worth 762.8 crore at 834.87 apiece, reducing his stake by 6% from the company's total equity, where he previously held 38.34% as of March 31, 2024. The company's shares fell 9.44% to 830.45 at Tuesday's close.

      Promoter likely to sell 0.9% in CE Info Systems

      Rakesh K Verma, promoter of CE Info Systems, plans to divest a 0.9% stake worth approximately 115 crore through a block deal. JM Financial has set a floor price of 2,293.20 per share, marking a 5% discount to Tuesday's closing price of 2,413.

      Promoters Ambuja Cements, Ravi Sanghi to sell 3.52% stake in Sanghi Industries

      The promoters proposed to sell 90,92,000 shares of the total issued and paid-up equity share capital. On June 26 (T day), Wednesday, the issue will open only for non-retail investors while for retail investors and those non-retail investors who choose to carry forward their unallotted bids from T day, on June 27, Thursday (T+1 day). Ambuja Cements held 60.44% stake in Sanghi Industries as on March 31, 2024.

      Promoters on a selling spree amid red hot D-Street valuations

      As the question of stretched valuations continues to swirl through Dalal Street, promoters seem to be firmly on course toward breaking the hitherto all-time calendar-year stock dilution record - set in the 2020 Covid era. So far in 2024, both domestic and overseas promoters have sold shares worth nearly ₹65,000 crore - not far from the 2020 high watermark of ₹78,500 crore.

      RBI needs to shift focus from inflation management to growth promotion: MPC member Varma

      With retail inflation nearing the Reserve Bank of India's (RBI) 4% target, RBI Monetary Policy Committee (MPC) member Jayanth R. Varma emphasized a shift towards promoting growth. He noted that core inflation is benign and projected CPI inflation for 2024-25 is only 0.5 percentage points above target. Varma advocated for a less restrictive monetary policy to balance disinflation and support economic growth, which is expected to be slightly lower in the coming years.

      Estonia promotes tech sharing, joint production with Indian defence companies

      NATO member Estonia, known for its expertise in IT and cyber security, is seeking closer cooperation with India to jointly develop defence technology. Indian companies are invited to partner with Estonian startups and tech players to explore specific areas of interest.

      SoftBank gets promoter tag in Unicommerce’s IPO filing

      SoftBank, Kunal Bahl, and Rohit Bansal tagged as promoters by Unicommerce board with signed indemnity agreement.

      Sebi disposes of proceedings against former Unitech promoters

      The market regulator conducted a suo-moto investigation to determine if the Chandra brothers routed funds to the Indian securities market through their UBS AG bank accounts, potentially violating the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations.

      SoftBank gets promoter tag in Unicommerce’s IPO filing

      Unicommerce Esolutions has tagged SoftBank, Snapdeal cofounders Kunal Bahl and Rohit Bansal as promoters in an addendum to its draft IPO prospectus, expanding the list of promoters from the original filing with only AceVector Ltd named. SoftBank, Bahl, and Bansal signed an indemnity agreement to protect themselves from liabilities as promoters of Unicommerce.

      EESL joins hands with APEPDCL to promote energy efficiency, conservation

      EESL partners with APEPDCL for energy efficiency program in Andhra Pradesh, aiming to raise consumer awareness and provide energy-efficient solutions.

      China promoting authoritarian governance in developing world: Report

      China has organized seminars and training courses for officials in African and Latin American countries to promote its single-party system and President Xi Jinping's worldview. The Belt and Road Initiative (BRI) is a central pillar of Xi's rule, which China uses to expand its clout overseas by handing out loans to developing countries.

      N Chandrababu Naidu's family's wealth surges Rs 1,225 crore as Heritage Foods shares double in 12 days

      Chandrababu Naidu's family's wealth surges with Heritage Foods shares rising over 105%. Naidu's party, Telugu Desam Party, wins big in Andhra Pradesh elections.

      UP RERA sets format for possession letters to flat buyers

      It had also directed project promoters to make no binding conditions on the allottees in any way through the offer of possession letter, the UP RERA said in a statement.

      Promoter of ZF Commercial mulling stake sale worth Rs 1,500 crore

      Cashing on the benefit of peak multiples in the Indian equity market, promoters of ZF Commercial Vehicle Systems India (formerly WABCO INDIA) is looking to sell 4-5% stake in the India unit, according to multiple people aware of the development. Germany based ZF group currently holds a 75% stake in the India unit.

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