Inox Wind's share price added 6% after the company received a repeat order from NTPC Renewable Energy. Inox Wind has bagged an order for a 150MW wind power project from NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, which is the RE business vertical of NTPC Limited. With this, the total orders from NTPC stand at 550MW awarded to date to Inox Wind.

The slew of top-deck exits at IT major Wipro continues with the latest being the heads of Wipro's healthcare and manufacturing verticals. Mohd Haque will be leaving the company in June. Haque was also Wipro's inclusion and diversity lead for Americas. Along with Haque, SVP and head of the manufacturing and hi-tech business unit Ashish Saxena is exiting the company after nearly six years.

State-owned Bank of Baroda (BoB) on Monday said it expects 12-15 per cent credit growth during the current financial year. During the last financial the bank recorded a credit growth of 16%. "We aim at credit growth of 12-15% while deposits are expected to grow at 12-13%," BoB executive director Lalit Tyagi said on the sidelines of 'Bank of Baroda Rashtrabhasha Samman' Awards 2023 here.

Jaypee Infratech said the company has deferred the approval of financial statements for the quarter and fiscal ended March 2023, as it has not been finalised in view of pending cases in the appellate tribunal. On March 7, the National Company Law Tribunal approved the resolution plan of Mumbai-based realty firm Suraksha Group to take over Jaypee Infratech.

Promoter Rajat Agrawal has offloaded a 4.63% equity stake in lead producer Gravita India through open market transactions on May 29, while promoters sold Rs 524.6 crore shares in Clean Science & Technology. Rajat Agrawal has offloaded 32 lakh shares in Gravita India at an average price of Rs 565 per share, as per bulk deals data available with the NSE.

Fintech unicorn Razorpay on May 30 launched Turbo UPI in partnership with Axis Bank and the National Payments Council of India. Merchants can integrate Turbo UPI at the payment gateway. The additional step of switching apps is estimated to cause almost 5-10% of payment failures. Last week, Paytm launched a similar product called “UPI SDK.” Paytm's product supports UPI payments through UPI Lite.

SAP Labs India has started constructing its second office in Bengaluru, spread over 41 acres and is expected to be able to accommodate 15,000 people. The company performed the groundbreaking ceremony for the new campus in Devanahalli on May 29. SAP Labs India MD and SVP Sindhu Gangadharan said that the company is deepening its investments in the country with the new campus.

Analysts reiterated their bullish calls on Mahindra and Mahindra after its fourth-quarter earnings beat analyst estimates, driving its stock up by as much as 5.4% in Monday's trades. Most analysts raised their price targets and expect the stock to yield as much as 38% upside potential from the current levels. Shares of the Mumbai-based automotive company ended at ₹1,325.05 apiece, up 3.7%..

The National Stock Exchange has decided to include only those stocks available in the derivatives segment in its Nifty Next 50 index, effective September 29, 2023. The new move is to ensure the index constituent's liquidity and ease of index replication by passive funds. Nifty Next 50 represents the balance of 50 stocks from the Nifty 100 index after excluding the Nifty 50 stocks.

Pharmaceutical major Aurobindo Pharma reported better-than-expected earnings for Q4FY23. Moreover, the company also has strong investment plans in place, having invested Rs 190 crore in the biosimilar segment so far. The management also updated that the drugmaker's ambitious Rs 2,000 crore Penicillin G (Pen G) plant in Andhra Pradesh was also on the path of commissioning in FY25.

Indian market is likely to consolidate on Tuesday tracking mixed global cues. Check out these stocks from various experts for traders who have a short-term trading horizon: 🎯BEL 🎯Coal India 🎯Deepak Nitrite 🎯Hindustan Unilever 🎯Hero Motocorp 🎯Tata Power 🎯RBL Bank 🎯IDFC First Bank 🎯Reliance Industries 🎯Eveready Industries

The income tax department has reportedly sent out notices to several startups, including some leading unicorns or those with valuations above a billion dollars, over unaccounted investments made between FY 2019 and 2021. The tax authorities have sought an explanation of the nature and source of the funds. The tax notices were served under Section 68 of the Income-Tax Act.

✅Amid mixed global cues, benchmark indices opened on a flat note on May 30. 📈At 9:16 AM, the Sensex dumped 6.53 points or 0.01% at 62839.85, and the Nifty was up 8 points or 0.04% at 18606.65. 📢 HCL Tech (⬆0.17%), ONGC (⬆0.50%) and UPL (⬆0.35%) appeared as the top performers on the Nifty50 at the open. Reliance, RVNL, Torrent Power and NBCC(India) stocks are in focus today.

ICICI Bank's board of directors approved an increase in shareholding in the lender's general insurance subsidiary, ICICI Lombard General Insurance, as it aims to establish the company as a subsidiary of ICICI Bank. The bank plans to acquire an additional 4% stake in multiple tranches, in line with applicable laws, to ensure compliance with Section 19 (2) of the Banking Regulation Act, 1949.

Sales of non-performing assets to asset reconstruction companies and technical write-offs of extremely sticky ones helped the microfinance sector reduce its bad-loan stockpile by around a seventh to Rs 36,600 crore at the end of March. Banks including the country's largest microfinance lender, Bandhan Bank, account for about 45% of the sectoral bad loans, industry sources said.