After global financial services group Nomura raised its stake in leading FMCG player Mishtann Foods, its promoter has now hiked the stake. According to BSE data, director and promoter Hiteshkumar Patel has purchased over 4.8 lakh equity shares from open market.

Startup20 summit: Addressing the Startup20 summit in Gugram, Commerce and Industry Minister Piyush Goyal asserted that this ecosystem's stakeholders will practise self-regulation.

Stock markets: Rallying for the fifth straight session, the 30-share BSE Sensex jumped 381.55 points to hit its all-time peak of 65,586.60 in early trade. The NSE Nifty climbed 90.95 points to reach its fresh record high of 19,413.50.

The IPO has witnessed a significant jump in its Grey Market Premium (GMP), which currently stands at Rs 25 per share, indicating a positive market sentiment towards the issue.

The category for non-institutional investors received 2.97 times subscription, while the portion for Qualified Institutional Buyers (QIBs) was subscribed 1.74 times and Retail Individual Investors' (RIIs) 96 per cent.

The multiplicity of taxes in the pre-GST regime resulted in a "tax-on-tax" effect, causing the same product to be taxed multiple times and hence becoming costlier for the consumers, Finance Minister Nirmala Sitharaman said at the GST Day 2023.

Amid the fresh buying streak in the pharma space and overall markets hitting record highs, Sigachi Industries has approved to issue 1.1 crore convertible warrants.

UIDAI updates: The number of face authentication is increasing. There has been an increase of 38 per cent in the number of verifications done in May as compared to such verifications in January 2023.

Import of cigarette lighters: The prohibition has been imposed on pocket lighters, gas fuelled, non-refillable or refillable, if the price per unit is less than Rs 20.

The immediate enhancement of 1 lakh tonne each will come up at the Malegaon plant in Maharashtra and the Raipur mill in Chhattisgarh, which will take their overall output to 3 lakh tonne each, the PTI report said.

The total size of the public issue is 22. 80 lakh shares. The IPO aims to raise Rs 54. 04 crore. The issue comprises of fresh issue of 14. 80 lakh equity shares amounting to Rs 35. 08 crore and an offer for sale (OFS) of up to 8 lakh shares worth Rs 18.96 crore.

Gautam Adani established the Adani Group in 1988, a conglomerate with diverse interests in mining, infrastructure, power generation, ports, logistics, renewable energy, and power generation. Coal, agricultural products, and textiles were among the first commodities that the group traded and exported

The frozen meat exporter company's share sale offer comprises a fresh issue of more than 25 lakh fresh shares. It has an Offer for Sale (OFS) component of over 56 lakh shares.

According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.

Just recently, Mauritius-based foreign institutional investor AG Dynamic Funds Limited and two other FIIs bought stakes in the small-cap company having a market cap of Rs 321 crore.

The 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.

The company with a market cap of Rs 3,500 crore is mainly involved in the business of transportation, logistics, construction, oil and lubricants, coal mining among others.

The project will help the state develop a climate budget and a roadmap to help fill gaps in the state’s open data and digital systems to reduce people’s vulnerability to natural hazards.

Stock markets: The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

With the reduction, the effective duty on refined edible oils stands at 13.7 per cent, including cess on social welfare. The effective duty on all major crude edible oils is 5.5 per cent.