LG Electronics IPO explodes with record bids: Check allotment status, GMP

LG Electronics IPO has received the highest-ever bids of ₹4.4 trillion, eclipsing the previous record held by Bajaj Housing Finance. Check share allotment status, latest GMP, tentative listing date   LG Electronics IPO allotment status:  Investors on Dalal Street are awaiting the basis of allotment for shares of LG Electronics India Ltd, the appliance major…

Govt to set up task force for next-generation reforms, says PM Modi

Prime Minister Modi announces a task force to revamp economic laws, cut compliance costs, and boost India’s competitiveness as part of the 2047 developed nation vision The government will set up a task force for the next-generation reforms aimed at overhauling laws, rules, and procedures governing economic activity, Prime Minister Narendra Modi said in his…

Singapore tourism board partners with IndiGo to boost India travel

The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on Thursday.   The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on Thursday.…

OpenAI’s $30bn Oracle deal: Largest AI deal that could reshape the future of Cloud AI

The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years.   Oracle and OpenAI have signed a mammoth deal, which potentially amounts to OpenAI paying $30 billion annually to Oracle for its data centre services. OpenAI…

Vedanta board to consider first interim dividend for FY26 on June 18

  Vedanta Limited on Friday announced that its board of directors will meet on 18 June to consider and approve the first interim dividend, if any, on equity shares for the financial year 2025–26.   “Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said…

Morgan Stanley sees Sensex at 1,00,000 in bull case, base target raised to 89,000

The report highlights that foreign investors remain underweight on India, but there are early signs of interest returning Morgan Stanley has reiterated its bullish stance on Indian equities, calling the recent correction from September 2024 highs a buying opportunity. In its latest mid-year outlook, the brokerage raised its Sensex target for June 2026 to 89,000,…