The Indian government plans to sell up to 6% stake in NHPC, a leading power generation company, through an offer for sale. The move is expected to fetch around ₹4,200 crore to the exchequer, part of the government’s efforts to raise funds through disinvestment and asset monetization.
Axis Bank has strengthened its presence in the insurance sector by increasing its stake in Axis Max Life Insurance Company to 19.9%. The strategic investment is expected to boost the insurer’s growth prospects and improve its market share in the life insurance segment.
India’s dairy sector can be stronger, fairer, and more resilient by embracing innovation and a gender-responsive approach. Recognizing women’s labor, expanding direct payments, and improving access to credit can build a more inclusive and equitable dairy sector.
NTPC’s NETRA facility showcases cutting-edge renewable energy technologies to Myanmar President Min Aung Hlaing, marking a significant milestone in strengthening energy sector cooperation between India and Myanmar.
Avaada Group has secured a significant milestone in its growth journey by closing a massive $950 million debt financing deal for three large utility-scale renewable energy projects in India. The projects are expected to contribute significantly to India’s energy security objectives and decarbonisation targets.
JM Financial’s Q4 net profit declines 31% to Rs 162 crore, shares plummet 8%. The company’s inability to maintain profit margins and revenue growth raises concerns for investors and market analysts.
PB Fintech’s founders, Dahiya and Bansal, have sold a significant stake worth Rs 665 crore, with shares trading steadily despite a recent decline. The company’s market capitalisation stands at over Rs 79,398 crore, with a P/E ratio of over 117x.
Automobile and textile stocks are expected to drive the market as key companies announce their May sales figures, with analysts predicting robust sales due to the government’s relief measures for the textile industry. Major companies such as Tata Motors, Maruti Suzuki, and Reliance Industries are expected to be impacted by the export levy cut on petrol, diesel, and ATF.
Reliance Industries Ltd. (RIL) has reportedly reduced new hirings by 90,000 in FY26, signaling a worrying trend in the industry. The decline is attributed to a new career option in the Reliance Jio home business and AI adoption.
The National Company Law Appellate Tribunal (NCLAT) has given Supreme Housing its final chance to settle its outstanding dues of ₹567 crore with Canara Bank. The company must deposit ₹460 crore by June 13, 2026, or face insolvency proceedings.
