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BJP’s surprise call on 3rd Rajya Sabha seat in MP fed poaching fears in Congress

In Karnataka, AICC president Mallikarjun Kharge, Congress nominees Mansoor Ali Khan, educationist and son of former Union minister K Rahman Khan, and party media and publicity department chairperson Pawan Khera, and BJP's M Nagaraja were declared elected unopposed after scrutiny knocked out an independent candidate. Rajasthan’s biennial election also turned into a walkover.

Major reshuffle in police force in Kerala; P. Vijayan is ADGP (Law and Order)

S. Sreejith, Additional Director General of Police, Headquarters, has been transferred and posted as ADGP (Prisons and Correctional Services)

BJP councillor Sugathan shifted to Viyyur prison; CPI(M), Cong. demand his expulsion from Thiruvananthapuram Corporation council

Official sources point out that the transfer was made considering the sensitive nature of the arrest; CPI(M) calls the accused’s continued membership in the council a ‘disgrace’

Block deal: Goldman Sachs picks stake in this smallcap stock that surged 50% in 6 months

Shares of GNG Electronics witnessed a block deal worth about Rs 175 crore on Thursday, with multiple domestic mutual funds and foreign investors picking up shares in the recently listed refurbished electronics company. According to exchange data, Promoter Vidhi S Khandelwal sold 44.87 lakh shares of GNG Electronics at Rs 390 per share, taking the total transaction value to Rs 175 crore.Among the prominent buyers was Motilal Oswal Equity Opportunities Fund Series II, which acquired 6.41 lakh shares. Other institutional investors participating in the transaction included Mirae Asset Mutual Fund, ITI Mutual Fund, Edelweiss Mutual Fund, Trust Mutual Fund, and Goldman Sachs Asia Equity Portfolio.Mobius Investment Trust Plc and MCP Emerging Markets Fund LP also picked up stakes in the company.Recently, Motilal Oswal initiated coverage on GNG Electronics with a positive outlook, highlighting the company's leadership position in the global refurbished electronics market.The brokerage said GNG Electronics has built a scaled refurbishment platform spanning about 46 countries, with nearly 95% of revenue generated through institutional and B2B channels. The company operates an integrated sourcing, refurbishment and distribution model, which helped it deliver a volume CAGR of around 43% between FY23 and FY26.Motilal Oswal believes the refurbished personal computer market is entering a structural growth phase, supported by affordability, improving product reliability, AI-driven hardware replacement cycles and regulatory initiatives such as right-to-repair and extended producer responsibility (EPR) norms.The brokerage noted that GNG's in-house refurbishment capabilities allow advanced repairs, higher recovery rates and better realizations. Despite nearly tripling volumes over FY23-26, warranty-related costs have remained low, indicating strong process controls and execution.The broker expects the company to deliver a 26% revenue CAGR, 31% EBITDA CAGR and 36% profit CAGR between FY26 and FY28, driven by higher volumes, margin expansion, improving recovery economics and lower financing costs.GNG Electronics operates under the "Electronics Bazaar" brand and is among the largest organized players in the refurbished ICT devices market, serving enterprises, retailers and distributors across global markets.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Now, Shivamogga Central Prison inmates render songs to spread awareness on waste management

Afghanistan A shock India A despite fifties from Tilak, Ruturaj and Prabhsimran

Afghanistan A secured a surprising four-run victory over India A in a rain-affected tri-series match, successfully chasing a revised target of 294 in 38 overs. Despite India A posting a strong 349/9, Afghanistan A stayed ahead of the DLS par score when play was halted, clinching a memorable win.

'Don’t be surprised if your employees turn against you': Palantir CEO message to Altman

Palantir CEO Alex Karp cautions tech leaders against publicizing AI-driven job cuts, warning it could provoke backlash from employees, voters, and policymakers. He suggests such pronouncements risk fueling opposition and strengthening calls for tech regulation. Karp himself acknowledges Palantir uses AI for efficiency but plans to boost revenue without significant workforce expansion.

Zee Entertainment shares rise over 3% ahead of FIFA World Cup, Rs 2,300-crore fundraising plans

Shares of Zee Entertainment Enterprises Ltd (ZEEL) gained 3.3% to Rs 106.50 on the BSE on Thursday after the board approved plans to raise at least Rs 2,300 crore in one or more tranches to support strategic and business initiatives, as the media company seeks to bolster its balance sheet and invest in new growth opportunities.In a stock exchange filing on Wednesday, Zee said its board cleared the fundraising proposal at a meeting held on June 10. The company did not disclose the method through which the capital would be raised."The Board of Directors has approved the raising of capital by the Company of minimum Rs 2,300 crore in one or more phases/tranches to fund the strategic and business initiatives," Zee said, adding that the board would continue evaluating the various fundraising options available.The stock will also be in focus as the FIFA World Cup 2026 kicks off today with Mexico hosting South Africa. The company secured exclusive media rights for FIFA events in India until 2034, resolving uncertainty surrounding the broadcast of the 2026 FIFA World Cup in one of the world's largest football-viewing markets.The agreement gives Zee rights to air 39 FIFA tournaments over the next eight years, including the FIFA World Cups scheduled for 2026 and 2030. The financial terms of the deal were not disclosed.Alongside its core television business, Zee has been broadening its presence in emerging segments through investments in ventures such as micro-drama platform Bullet and visual effects studio PhantomFX. The company has also been building a dedicated sports broadcasting portfolio.The fundraising announcement follows a challenging March quarter. Zee reported a loss for the quarter ended March 2026 as profitability was impacted by higher operating costs and weaker advertising demand, with spending affected by geopolitical tensions in the Middle East.Zee Entertainment Enterprises reported a consolidated net loss of Rs 104 crore for the January-March quarter of FY26, compared to a net profit of Rs 188 crore in the year-ago period. The media & entertainment company's operating revenue declined 7% to Rs 2,025 crore in Q4 FY26 versus Rs 2,184 crore posted by the company in the corresponding quarter of the previous financial year.The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) loss stood at Rs 269 crore versus Rs 285 crore in Q4 FY25 and Rs 240 crore in Q3 FY26. The adjusted EBITDA declined 51% YoY and 42% QoQ.Zee shares are up 13% in 2026 and down about 22% in the last 1 year. Sensex, Nifty today: Catch all the LIVE stock market action here (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Dividend rush! Buy these 5 Adani stocks, 4 Tata Group stocks today to lap up payout rewards

More than 30 companies have set June 12 as the record date for their respective dividends cumulatively worth nearly Rs 300 per share. As many as five Adani Group companies and four Tata Group companies are part of the long list.Only those shareholders who own the shares of the companies in their demat accounts as of Friday will be eligible to receive the bonus shares. Due to SEBI's T+1 settlement norm, investors must buy a company's shares at least one trading day before the record date to ensure they are credited to their demat accounts by that date and thus be eligible for the corporate action. This effectively makes today the last date for investors to buy the shares to be eligible for the dividends.Adani Group stocks turning ex-record date for dividends tomorrowACC, Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Total Gas, and Ambuja Cements are the five Adani Group companies that have fixed June 12 as the record date for their respective dividends.ACC late in April had announced a dividend of Rs 7.5 per share with a face value of Rs 10 each for the financial year 2026. APSEZ will also pay a dividend of Rs 7.5 per share. Shares of Adani Group’s flagship company, Adani Enterprises, meanwhile, are set to turn ex-record date to a dividend of Rs 1.3 per share tomorrow.Ambuja Cements and Adani Total Gas will pay dividends of Rs 2 per share and Rs 0.25 per share, respectively.Tata Group stocks turning ex-record date for dividends tomorrowTata Motors, Tata Steel, Trent, and Voltas from the Tata Group also have fixed June 12 as the record date for their respective dividends, making today effectively the last day for investors to buy the stocks to be eligible for the payment.Tata Motors, Tata Steel, and Voltas will each pay dividends worth Rs 4 per share, while Zudio and Westside-parent Trent will pay a dividend of Rs 6 per share. This comes after Trent shares turned ex-record date last week for its first-ever 1:2 bonus issue, causing the stock price to appear nearly 34% lower due to the adjustment.Also read: Here's how Trent's bonus math worksApart from the companies part of the two conglomerates, several other firms also have fixed June 12 as the record date for their dividends. Some of the notable names among them include Canara Bank (Rs 4.2 per share), ICICI Prudential Asset Management Company (Rs 12.4 per share), JM Financial (Rs 1.75 per share), Piramal Finance (Rs 11 per share), and Punjab National Bank (Rs 3 per share).Also read: Infosys, Adani Enterprises, Trent among 44 stocks going ex-date this week. Do you own any?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

4 Jail Employees Arrested For Smuggling Phones, Narcotics In Assam Prison

Officials said further interrogation of the accused is underway.

Union Cabinet approves Ahmedabad Metro link to airport ahead of Commonwealth Games 2030

The Ahmedabad Metro Phase-2A project will cover a distance of 6 km and is expected to be completed within four years and the corridor will comprise four elevated stations and one underground station

West Bengal Cabinet Portfolio Allocation: CM Suvendu Retains Home, Hill Affairs; Swapan Dasgupta Gets Finance

Tapas Roy has been given charge of the Department of Industry, Commerce and Enterprises. Dr Sharadwat Mukherjee has been appointed Minister for Health and Family Welfare.

TMC's Sushmita Dev Meets Himanta Sarma Soon After Rajya Sabha Resignation, BJP Switch Buzz Grows

Fresh visuals of Sushmita Dev with Himanta Biswa Sarma have intensified speculation of her BJP entry, with TMC admitting her exit came as a surprise.

How Much Does Indian Railways Spend On Washing AC Coach Bed Sheets? The Laundry Bill Might Surprise You

Ever wondered how Indian Railways keeps AC coach bed sheets clean? An official tender reveals the surprisingly low amount spent to wash and iron each sheet

Prop traders seek relief on margin funding as global rivals up game

Domestic proprietary stock traders are set to seek regulatory intervention to lobby the central bank to rework the margin funding rules for their trades as the existing proposal puts them at a disadvantage over global traders that are stepping on the gas in India, people familiar with the matter said.The Commodity and Capital Market Participants Association of India (CPAI) is working with the Industry Standards Forum (ISF), a body comprising members of various industry associations, to create a separate framework that would distinguish between liquidity providers and speculators. That they believe would help them to convince the Reserve Bank of India (RBI) to permit lower margin for the bank guarantees and enable them to trade higher volumes. The RBI has mandated that banks lending to capital market intermediaries (CMIs) extend guarantees for proprietary trading subject to the facility being fully secured. The proposal says that banks can extend guarantee only to the amount equal to the value of the collateral provided by the proprietary trading firm.

Bank stocks rally as RBI steps lift mood, trigger short covering

Bank stocks gained as much as 5% on Tuesday after the raft of measures introduced by RBI to help hedge foreign currency borrowings stoked investor optimism and led to traders covering some of their bearish bets.Bank Nifty rose 2.1% to 55,194.50; and closed above 55,000 levels after two weeks while benchmark Nifty moved 0.5% higher on Tuesday. All 14 constituents of Bank Nifty moved higher on Tuesday. .Bank of Baroda jumped 5.5% while Canara Bank climbed 4.5%. Punjab National Bank and Federal Bank advanced around 3.5%."The measures by RBI are likely to drive a healthy deposit base for banks and lead to cheaper cost of funds since the hedging cost on FCNRB is borne by the Central Bank while the hedging costs on ECB's is subsidised," said Dharmesh Kant, head of research, Cholamandalam Securities.131622603Last week, the RBI announced measures to boost foreign currency inflows and to support the rupee. The Central Bank offered concessional dollar-rupee swap facility to absorb the entire forex hedging costs for three-to-five-year Foreign Currency Non-Resident (FCNR[B]) deposits until October 16, 2026. In addition, it offered a concessional swap facility for eligible External Commercial Borrowings (ECBs) raised by public sector entities, fixing the hedging cost at 1.5% per annum.This policy allows Indian banks to access low-cost global capital and alleviate domestic deposit crunches without bearing currency risk, said analysts. "The sudden fundamental clarity triggered massive technical short covering, catching derivative traders by surprise and sparking a rapid short squeeze since the Put-Call Ratio (PCR) had dropped into an oversold zone below 0.80 ahead of the news," said Nishchal Jain, Quant Researcher, Share. Market by Phone Pe.The high-volume breakout past 55,100 and decisive price action, shifts the market regime from "sell on rallies" to "buy on dips", establishing 55,000 as a strong psychological support base- forming a high-conviction bullish view, he said.

Hugh Laurie proved he actually was House MD, till he apologised

Hugh Laurie, the actor behind Dr. House, defended the show's repetitive formula against a critic, likening it to artistic variations. He argued the series explored deeper moral philosophy beyond medical diagnoses. Laurie's witty, House-like response was followed by a surprisingly decent apology, highlighting the actor's humanity beyond his iconic character.

Kerala government considering comprehensive prison reforms: Ramesh Chennithala

He says an additional central prison may be required to address the issue of crowding in the State’s prisons Plan to revise Prison Manual, Prison Rules

Cannot jail cheque bounce convict beyond six months for default in payment of fine: Karnataka High Court

The High Court held that the default imprisonment imposed on the petitioner could not exceed one-fourth of the maximum punishment prescribed for the offence

NSE to route 10% of CSR spending through Social Stock Exchange after regulatory green light

NSE will earmark 10% of its annual corporate social responsibility (CSR) corpus for projects listed on the NSE Social Stock Exchange (SSE), becoming one of the first major institutions to commit a portion of its CSR spending through the platform.The exchange announced the move on Tuesday following recent regulatory changes that allow companies to undertake CSR expenditure through subscription to Zero Coupon Zero Principal (ZCZP) instruments listed on Social Stock Exchanges.NSE said its CSR Committee had agreed in principle in March 2026 to deploy 10% of the annual CSR corpus through the SSE framework, subject to regulatory approval. The decision has now been operationalised after the Ministry of Corporate Affairs issued notifications on May 27 enabling such investments.The move is aimed at strengthening India's social impact financing ecosystem and encouraging greater use of regulated capital market platforms for funding social sector projects.NSE Chairman Injeti Srinivas welcomed the government's decision to allow CSR funds to be routed through Social Stock Exchanges.He said the framework would improve transparency, visibility and accountability of CSR spending while helping channel funds towards credible social initiatives.The exchange expressed hope that other large corporate CSR contributors would adopt a similar approach, helping scale up impact financing in the country.The Social Stock Exchange framework was introduced by Sebi to create a regulated fundraising platform for non-profit organisations and social enterprises. The NSE Social Stock Exchange was launched in February 2023.Since inception, NSE-SSE has facilitated all Social Stock Exchange fundraising issuances in India. According to the exchange, 16 projects, including two joint listings, have collectively mobilised more than Rs 44.5 crore across sectors such as healthcare, education, women empowerment, climate action, poverty alleviation, skilling and sustainable livelihoods.The latest announcement comes shortly after the government expanded the scope of permissible CSR activities through the SSE route, a move seen as a significant step towards deepening social impact investing in India.The regulatory change could unlock a new source of funding for non-profit organisations by connecting them with corporate CSR budgets through a transparent and market-linked mechanism. The decision is also expected to provide greater visibility to social projects while enabling companies to track the deployment and outcomes of their CSR spending more effectively.With NSE itself committing part of its CSR corpus through the platform, the exchange is positioning itself as an early adopter of the Social Stock Exchange model while seeking to encourage broader participation from corporate India.