logo
Stocks in news: DMart, Nykaa, PNB, Aurobindo Pharma, Voltas

Stocks in news: DMart, Nykaa, PNB, Aurobindo Pharma, Voltas

Economic Times20 hours ago
Markets experienced volatility, closing marginally lower amidst ongoing consolidation. Nykaa's early investor plans a substantial stake sale, while SpiceJet addressed concerns about a dislodged window frame, assuring passenger safety. Indian Overseas Bank secured shareholder approval to raise equity, and companies like Indian Bank and PNB reported robust operational growth during the first quarter of FY26.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Markets traded volatile and ended marginally lower, continuing the prevailing consolidation phase. In today's trade, shares of DMart Voltas among others will be in focus due to various news developments. FSN E-Commerce Ventures , the parent company of beauty and fashion e-retailer Nykaa, is set to witness a secondary stake sale as its early investor Harindarpal Singh Banga, jointly with Indra Banga, gears up to offload shares worth up to Rs 1,200 crore through a block deal.SpiceJet confirmed that a cosmetic window frame on one of its Bombardier Q400 aircraft became loose during a flight and was found dislodged, but assured that the incident posed no safety risk to passengers or the structural integrity of the aircraft.Indian Overseas Bank (IOB) said its shareholders have approved a proposal to raise up to Rs 4,000 crore in equity capital through various instruments, including QIPs, rights issues, and employee share schemes.Mahindra & Mahindra Financial Services (M&M Financial) on Wednesday reported a marginal 1% year-on-year increase in overall disbursements for the first quarter of FY26 at ₹12,800 crore Indian Bank reported a strong operational performance in the first quarter of FY26, with total business rising 10.2% year-on-year to Rs 13.44 lakh crore, up from Rs 12.2 lakh crore in the same quarter last year.RVNL appointed Chandan Kumar Verma as Chief Financial Officer with effect from July 2. Currently, Chandan Kumar Verma is executive director – finance at the companyNestle India adds a new Maggi Noodles production line has been added at Sanand Factory, Gujarat with an investment of Rs 105 crore.PNB reported a steady operational performance in the June quarter of FY26, with global business rising 11.6% year-on-year to Rs 27.19 lakh crore Avenue Supermarts , which operates the retail chain DMart, posted a 16% year-on-year rise in standalone revenue for the first quarter of FY26. The company reported revenue of Rs 15,932.12 crore in Q1FY26Coromandel International received CCI nod for acquisition of 10.69 crore shares (53.13% stake) of NACL Industries.Aurobindo Pharma arm received marketing authorization from the European commission for DazublysVoltas received show cause notice and demand order of ₹265.25 crore for short payment of GST For FY19 To FY21
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Will The EU Delay Enforcing Its AI Act?
Will The EU Delay Enforcing Its AI Act?

NDTV

time34 minutes ago

  • NDTV

Will The EU Delay Enforcing Its AI Act?

With less than a month to go before parts of the European Union's AI Act come into force, companies are calling for a pause in the provisions and getting support from some politicians. Groups representing big U.S. tech companies such as Google owner Alphabet and Facebook owner Meta, and European companies such as Mistral and ASML have urged the European Commission to delay the AI Act by years. What Is The August 2 Deadline? Under the landmark act that was passed a year earlier after intense debate between EU countries, its provisions would come into effect in a staggered manner over several years. Some important provisions, including rules for general purpose AI (GPAI) models, are due to apply on August 2. GPAI, which includes foundation models like those made by Google, Mistral and OpenAI, will be subject to transparency requirements such as drawing up technical documentation, complying with EU copyright law and providing detailed summaries about the content used for algorithm training. The companies will also need to test for bias, toxicity, and robustness before launching. AI models classed as posing a systemic risk and high-impact GPAI will have to conduct model evaluations, assess and mitigate risks, conduct adversarial testing, report to the European Commission on serious incidents and provide information on their energy efficiency. Why Do Companies Want A Pause? For AI companies, the enforcement of the act means additional costs for compliance. And for ones that make AI models, the requirements are tougher. But companies are also unsure how to comply with the rules as there are no guidelines yet. The AI Code of Practice, a guidance document to help AI developers to comply with the act, missed its publication date of May 2. "To address the uncertainty this situation is creating, we urge the Commission to propose a two-year 'clock-stop' on the AI Act before key obligations enter into force," said an open letter published on Thursday by a group of 45 European companies. It also called for simplification of the new rules. Another concern is that the act may stifle innovation, particularly in Europe where companies have smaller compliance teams than their U.S. counterparts. Will It Be Postponed? The European Commission has not yet commented on whether it will postpone the enforcement of the new rules in August. However, EU tech chief Henna Virkkunen promised on Wednesday to publish the AI Code of Practice before next month. Some political leaders, such as Swedish Prime Minister Ulf Kristersson, have also called the AI rules "confusing" and asked the EU to pause the act. "A bold 'stop-the-clock' intervention is urgently needed to give AI developers and deployers legal certainty, as long as necessary standards remain unavailable or delayed," tech lobbying group CCIA Europe said. The European Commission did not respond immediately to requests for comment.

Five Villages Selected for Model Solar Village Competition
Five Villages Selected for Model Solar Village Competition

Hans India

timean hour ago

  • Hans India

Five Villages Selected for Model Solar Village Competition

Udupi: Udupi district has embraced the Prime Minister Surya Ghar Yojana by selecting five villages to compete for the title of Model Solar Village. Announced on July 1, by the district-level committee, this initiative aligns with the central government's goal to promote renewable energy across India by establishing one model solar village per district, as outlined by the Ministry of New and Renewable Energy (MNRE). The chosen villages include Kotathattu, Kirimanjeshwara, Majuru, Nitte, and Uppoor. These villages will participate in a competitive evaluation from July 1 to December 31, 2025, to determine which can achieve the highest cumulative solar capacity, with the winner receiving Rs. 1 crore in central financial assistance to further its solar infrastructure. The PM Surya Ghar scheme aims to empower households to generate their own electricity through rooftop solar panels, reducing electricity costs and fostering environmental sustainability. Udupi's selection of these five villages reflects the district's proactive commitment to this vision, building on its history of adopting renewable energy.

Helicopter repair facility at Honda to start in 3 months: CM
Helicopter repair facility at Honda to start in 3 months: CM

Time of India

timean hour ago

  • Time of India

Helicopter repair facility at Honda to start in 3 months: CM

Panaji: Chief minister Pramod Sawant on Thursday said that the helicopter repair and overhaul facility at Honda in Sattari will commence its operation within three months. He said that infrastructure work at the facility had been completed. 'Within three months, the facility will commence operations. It will generate employment in the state,' Sawant said. Last week, the CM held discussions with defence minister Rajnath Singh and urged him to commence operations as soon as possible. Singh assured the CM that operations would start. Almost nine years after the foundation stone was laid for the helicopter repair and overhaul facility at Honda, the plant is yet to be made operational. The construction was delayed due to Covid, there was not much progress. Last year, the work resumed and work is now complete. Hindustan Aeronautics Ltd (HAL) and French aerospace giant Safran have signed an MoU to extend cooperation and explore opportunities for new helicopter engines in civil and military markets. HAL, the defence public sector undertaking, and Safran have set up Helicopter Engines MRO Pvt Ltd (HEMRO) as a joint venture to repair TM333 and Shakti gas turbine engines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo The Shakti engine is installed on HAL's advanced light helicopter known as 'Dhruv' and its variants, including 'Rudra' and light combat helicopter. The Ardiden 1U engine powers the new light utility helicopter, a 3-tonne single-engine aircraft. Former defence minister Manohar Parrikar laid the foundation stone for the project in July 2016, but the Goa Industrial Development Corporation gave the green signal to transfer the land to the aerospace firm only in Dec 2017. HAL acquired the assets of the defunct Goa Automobile Accessories Ltd for Rs 7 crore, and with Safran India, will invest Rs 170 crore to set up HEMRO. India's armed forces are among the largest operators of Safran-designed helicopter engines, with over 1,000 engines operational across the country, including 250 TM333 and over 500 Shakti engines. Shakti is the Indian variant of the Safran Ardiden 1H1, co-developed with HAL.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store