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Congress's Karnataka Cabinet Woes Deepen As Another Minister, KH Muniyappa, Flags 'Seniority' Issue

Muniyappa also stressed that all leaders should be treated equally within the party and suggested that the current allocation was not balanced.

Rupee gains sharply as RBI unveils steps to attract foreign investors

Currency market participants said investor confidence improved following the RBI's policy announcements, particularly after the central bank emphasised that India's foreign exchange reserves remain strong enough to cushion the economy against external disruptions.

Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 crore

Shares of Hindustan Zinc sharply tumbled nearly 5% on Friday after a report said that the government is planning to sell as much as 2% stake in the metals major for up to Rs 5,000 crore ($525 million).The shares of the company dropped to Rs 575.20 apiece on NSE, the lowest level seen by the stock in six weeks, after the release of the Bloomberg report, citing people familiar with the matter. Shares of Vedanta, meanwhile, tumbled 3% to Rs 318.80 apiece.The Department of Investment and Public Asset Management (DIPAM) aims to launch the process this month or in July this year, the report said, adding that ICICI Securities, Axis Capital, IIFL Capital Services, and HDFC Securities are advising the government on the transaction.Hindustan Zinc shareholding patternThe Central government held nearly 28% stake in India’s largest silver producer, according to data on the company’s shareholding pattern as on March 31, 2026. Its largest promoter, Vedanta, meanwhile, held nearly 61% stake in the company.Another 3.5% stake was held by insurance companies, while foreign investors held more than 2% stake in Hindustan Zinc, as at the end of the January-March quarter of FY26.The latest report on the government's possible stake sale in Hindustan Zinc comes after the centre ramped up its disinvestment efforts. Last week, the government raised about $531 million from the sale of 2% stake in Coal India. Earlier this week, it raised $450 million by selling 6% stake in NHPC. Bloomberg also reported that the government is now mulling an OFS to sell 2% stake in LIC to raise as much as Rs 10,000 crore.ED raids at Hindustan Zinc officesThe shares of Hindustan Zinc declined earlier this week after Vedanta said that the Enforcement Directorate team visited some of its offices, confirming news reports. "We hereby inform that the Enforcement Directorate team visited some offices of our company and Hindustan Zinc, a subsidiary of the company," Vedanta said after stock exchanges sought clarification regarding news reports around ED conducting searches against Vedanta Group in FEMA probe. The Anil Agarwal-led company added that it is fully cooperating with the authorities and providing all requested information.Later, Vedanta announced that the searches had concluded and no penalty or restriction had been imposed by the authorities.Hindustan Zinc share priceHindustan Zinc shares have fallen more than 9% in one week and 6% in one month, while being down more than 6% in 2026 so far. The shares of the company have gained around 17% in one year.Also read: Did this L&T-backed AI stock actually crash 90% in one day? Here's all you need to knowIn the longer term, the stock delivered 87% returns over three years and 72% returns over five years. The company currently has a market capitalisation of more than Rs 2.43 lakh crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

CPI(M) objects to Praveen Chakravarty’s claim of party backing his Rajya Sabha nomination

The Congress on Thursday night nominated Mr. Chakravarty for the Rajya Sabha seat allotted to it by its post-Assembly poll ally the TVK. He then claimed in a social media post that he had the support of all alliance parties of the TVK

A Costly Romance: Nagpur Boys Steal Taps Worth Rs 6.5 Lakh To Gift iPhones To Girlfriends

The unusual episode unfolded in Maharashtra's Nagpur when two boys carried out a planned robbery at a warehouse to fund extravagant gifts for their partners

Cockroach Janta Party protest LIVE: CJP big Delhi stir tomorrow; high turnout anticipated, appeal for peace made

Cockroach Janta Party protest LIVE: Satirical outfit 'Cockroach Janta Party's' (CJP) founder Abhijeet Dipke is flying to India from the US to lead a proposed protest at Delhi's Jantar Mantar on Saturday, permission of which has not been sought.

Kodiyeri Balakrishnan’s wife Vinodini alleges neglect by senior CPI(M) leadership in Kerala

In an interview with a Malayalam magazine, Vinodini said the family was “ruthlessly ignored” by sections of the party leadership following Balakrishnan’s demise

'He Is My Closest Friend, We'll Sort It Out': DK Shivakumar On Ramalinga Reddy Resignation Row

Karnataka CM D K Shivakumar downplays minister Ramalinga Reddy's resignation, calls him a close friend, says party will resolve the issue through talks.

'In best of families...': Netanyahu responds to Trump's 'crazy' remark

Israeli Prime Minister Netanyahu acknowledged 'tactical disagreements' with US President Trump over regional conflicts but emphasized their shared goals, particularly countering Iran's nuclear ambitions and Hezbollah. Despite recent heated exchanges, Netanyahu hailed Trump as Israel's 'greatest friend,' citing his strong support for the nation. Both leaders aim for regional stability.

'Leaving Fate In Hands Of Constitution': Cockroach Janta Party Founder Heads To India For Protest

Dipke said he would head directly to the Parliament Street Police Station after landing to seek official permission for the proposed demonstration at Jantar Mantar.

YSRCP forms committees for Amaravati farmers and DSC-2025 candidates

The party names an eight-member committee and a legal cell for Amaravati farmers, and a separate panel on alleged irregularities in the DSC-2025 teacher recruitment

BJP chief Nitin Nabin accepts Annamalai’s resignation from party’s membership

The developments comes three days after Mr. Annamalai held meetings with Union Home Minister Amit Shah, Mr. Nabin, and national general secretary of the party B.L. Santhosh and submitted his resignation letter to the party leadership on June 2

Ramalinga Reddy resigns from Karnataka cabinet over portfolio allocation

Reddy expressed his disappointment over the allocation of the ministry, Bengaluru Development Department, after CM Shivakumar had earlier promised him to provide the same

Go Digit Insurance shares jump 9% after Rs 100 crore block deal attracts MFs, global investor

Shares of Go Digit General Insurance surged 8.66% to Rs 329 during Friday's trading session, extending gains after a significant Rs 100-crore block deal in the previous session attracted prominent institutional investors.The block deal saw Aditya Birla Sun Life Mutual Fund and JPMorgan (Taiwan) Eastern Technology Fund collectively acquire 33.33 lakh shares at a weighted average price of Rs 300 per share.Aditya Birla Sun Life Mutual Fund purchased 21.66 lakh shares worth approximately Rs 65 crore, while JPMorgan (Taiwan) Eastern Technology Fund acquired 11.66 lakh shares valued at around Rs 35 crore.The seller in the transaction was Peak XV Partners Growth Investments III, which offloaded its entire 33.33 lakh-share stake for nearly Rs 100 crore.Stock PerformanceDespite Friday's sharp rally, Go Digit Insurance has remained under pressure over the past year, with the stock declining around 10% during the period. The company currently commands a market capitalisation of Rs 27,993 crore.The stock's 52-week high stands at Rs 381.40, while its 52-week low is Rs 295.50.On the valuation front, Go Digit Insurance trades at a Price-to-Earnings (P/E) ratio of 49.28 and a Price-to-Book (P/B) ratio of 6.51, reflecting premium market expectations for the insurer's growth prospects.The company delivered a robust financial performance in the March 2026 quarter. Revenue rose 9% year-on-year to Rs 3,181 crore, while net profit surged 49.2% YoY to Rs 173 crore, highlighting improved profitability and operational efficiency.The shareholding pattern for the March 2026 quarter reflected mixed investor activity. Promoters marginally reduced their stake in the company from 73.03% to 73.01%, while Foreign Institutional Investors (FIIs) trimmed their holdings from 8.26% to 8.01%. In contrast, mutual funds increased their ownership from 8.02% to 8.28%, signaling continued confidence from domestic institutional investors despite the reduction in foreign investor participation.From a technical perspective, the stock's Relative Strength Index (RSI-14) stands at 40.8. An RSI below 30 is generally considered oversold, while a reading above 70 signals overbought conditions.Go Digit Insurance is currently trading above 5 out of its 8 key Simple Moving Averages (SMAs), suggesting improving near-term momentum. However, the stock remains below its 100-day, 150-day, and 200-day moving averages, indicating that long-term trend confirmation is still awaited.The sharp rally following the Rs 100-crore block deal and increased mutual fund participation has put Go Digit Insurance back on investors' radar. Market participants will closely watch whether the stock can sustain momentum and reclaim key long-term resistance levels in the coming sessions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Why Some NCR Petrol Pumps Are Turning Away Customers At Night | Explained

Petrol pumps in parts of Noida and Ghaziabad are running out of fuel by night, forcing purchase limits. Here's what's behind the disruption and whether there is a shortage

Visakhapatnam’s toxic stormwater drains threaten ecosystem

These drains engineered typically to handle excess rainwater by directing it away from urban areas to prevent flooding, have been compromised, as they also transport untreated or partially treated wastewater, impacting communities and the city’s coastline, reports Paul Nicodemus

K Annamalai quits BJP as party accepts resignation

BJP accepts K Annamalai's resignation; next move expected soon

Former Tamil Nadu BJP chief K Annamalai has resigned from the party, with his resignation accepted on Friday. He is expected to announce his future plans, potentially including the launch of a new political outfit, during a social media interaction. Annamalai had met with senior BJP leaders in Delhi to convey his decision.

K Annamalai Quits BJP, Party Accepts His Resignation

Annamalai quits BJP, party accepts his resignation

K Annamalai Quits BJP, Party President Nitin Nabin Accepts His Resignation