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Tamil Nadu OE spinning mills warn of 50% production cut over high cotton waste prices

New Delhi, June 16 -- More than 250 grey yarn manufacturing open-end (OE) spinning mills across Tamil Nadu have warned of a 50 per cent reduction in production from next week if cotton waste prices ar... Read More


Garuda Aerospace signs MoU with Extensee SAS to deploy Flexrotor UAVs

New Delhi, June 16 -- Garuda Technologies, a US subsidiary of Chennai-based Garuda Aerospace, has signed a Memorandum of Understanding (MoU) with Extensee SAS, a provider of drone manufacturing and op... Read More


US-Iran peace deal likely to bring relief to shipping, trade

New Delhi, June 16 -- The agreement between the US and Iran to end months of conflict in the Gulf region could ease pressure on global supply chains, lower energy prices and provide a boost to India's... Read More


Menswear brand Blackberrys plans to ramp up retail footprint, investments

New Delhi, June 16 -- Homegrown menswear brand Blackberrys is aiming for a strong retail expansion this year with a focus on both the tier-1 as well as tier-2 towns amidst growing demand for the premi... Read More


Nifty could hit 27,000-28,000 in CY26, says Monarch Networth; bullish on banks, telecom stocks

New Delhi, June 16 -- Brokerage firm Monarch Networth Capital expects the Nifty 50 to hit 27,000-28,000 during CY2026, implying significant upside from current levels of around 23,600, supported by a ... Read More


Adani Ports expands partnership with Kaleris, to invest up to $100 million in AI-led port automation

New Delhi, June 16 -- Adani Ports and Special Economic Zone (APSEZ) will roll out an AI-enabled operating platform across 15 container terminals spanning nine domestic and international ports, investi... Read More


HCLTech shares gain 4% after Rs.1,427 cr investment in Sarvam AI

New Delhi, June 16 -- Shares of HCL Technologies rose nearly 4 per cent on Tuesday after the IT services major announced a Rs.1,427.25 crore investment in Sarvam AI, marking what analysts described as... Read More


Led by US, exits from gold ETFs continue for the 5th week in a row

New Delhi, June 16 -- Investors chose to encash $4 for every dollar invested in physically-backed gold exchange-traded funds (ETFs) last week, as investments continued to witness net negative inflows ... Read More


Sensex, Nifty hold gains off day's high, metal stocks slump over 2%, Hindalco, NALCO, Vedanta Aluminium top losers

New Delhi, June 16 -- Equity benchmarks pared early gains but continued to trade in positive territory during the afternoon session on Tuesday, as profit booking in select heavyweights capped the rall... Read More


Centre bans OTC sale of cough syrups without doctor prescription, tightens norms

New Delhi, June 16 -- The Centre has tightened its norms on cough syrups, banning over-the-counter (OTC) sale of the product without a doctor's prescription, the Union Health Ministry said in its late... Read More