In a significant market move, OrbiMed, a US-based investment firm, sold a 2.27% stake in Marksans Pharma for Rs 257 crore through an open market transaction. The stake, amounting to over 1.02 crore shares, was sold at an average price of Rs 249.95 per share, reducing OrbiMed's holding in the pharmaceutical company to 8.61%. The transaction, valued at Rs 256.78 crore, saw notable buyers including Citigroup, Societe Generale, and several mutual funds. Following the sale, Marksans Pharma's share price rose by 5.62%, closing at Rs 264 on the NSE, signaling strong investor interest.

Mumbai-based real estate developer Ashwin Sheth Group has acquired a 50% stake in the upscale residential redevelopment project ‘One Marina’ located on Marine Drive, and has raised Rs. 540 crore in funding from Singapore-headquartered investment firm PAG. The project, with an estimated revenue potential of Rs. 2,300 crore and a saleable area of 10 lakh square feet, marks a major push by Ashwin Sheth Group into South Mumbai’s premium real estate market.

June 13, 2025, promises to be an exciting day for movie enthusiasts as two highly anticipated films are set to make their debut on popular OTT platforms. Kesari Chapter 2: The Untold Story, a courtroom drama based on the tragic events of Jallianwala Bagh, stars Akshay Kumar and R Madhavan, and will be available on Jio Hotstar. Meanwhile, Eleven, a bilingual crime thriller featuring Naveen Chandra, will premiere on Aha and possibly on Amazon Prime Video.

ArisInfra Solutions Ltd, a technology-driven B2B company focused on digitizing construction material procurement, is preparing for its Initial Public Offering (IPO), which is set to open for subscription on June 18. The company has set a price band of Rs 210 to Rs 222 per share for the nearly Rs 500-crore issue, which will close on June 20. The IPO, valued at approximately Rs 1,800 crore at the upper price band, is a fresh issue of equity shares with no Offer For Sale (OFS) component.

Gold prices have soared to an all-time high, marking a third consecutive session of growth, driven by a weakening rupee and mounting geopolitical tensions in the Middle East. The precious metal's value surged by Rs 2,011, reaching a record Rs 1,00,403 per 10 grams on Friday. Analysts attribute the rally to increased safe-haven demand, fueled by fears surrounding the escalating conflict between Israel and Iran. Additionally, the decline in the Indian rupee and global oil price hikes have further intensified investor interest in gold.

Indian equity markets faced a sharp downturn on Thursday, with the BSE Sensex plunging 823 points and the NSE Nifty slipping below the psychologically significant 25,000 mark. The drop followed a confluence of negative global cues, including geopolitical instability in the Middle East, renewed concerns over U.S. tariff threats, and sustained foreign investor outflows. All sectoral indices ended in the red, signaling broad-based market unease.

India’s equity markets endured a sharp correction on Thursday, with the BSE Sensex plunging 823 points, triggering a massive Rs. 5.98 lakh crore erosion in investor wealth. The sell-off was primarily attributed to weak global cues, heightened geopolitical risks in the Middle East, and the volatility surrounding the weekly derivatives expiry. Nearly all sectors were in the red, with power, oil & gas, and realty stocks leading the decline.

More than two years after the brazen daylight assassination of Punjabi musician Sidhu Moose Wala, the self-proclaimed mastermind, Goldy Brar, has broken his silence. In a candid interview, Brar justified the killing, framing it as a retaliatory act driven by personal grievances and gangland politics. Operating from Canada and declared a terrorist by Indian authorities, Brar alleged that Moose Wala misused political connections to shield rival factions.

IndiGo, India's largest domestic carrier, is bolstering its international network with the introduction of direct flights from Mumbai to three key Central Asian cities: Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia). This strategic move aligns with IndiGo's mission to expand its global presence and cater to the increasing demand for international travel. Beginning in July 2025, the airline will operate multiple weekly flights to each destination, further enhancing connectivity between India and Central Asia.

Paytm witnessed a sharp sell-off on June 12, with shares plunging nearly 10% intraday following the Indian Finance Ministry’s clarification that there are no plans to levy charges on UPI transactions. The digital payments firm, already under investor scrutiny amid margin pressures, saw its steepest decline since February 2024. The market rout was triggered by premature speculation about the reintroduction of Merchant Discount Rate (MDR), which briefly buoyed fintech sentiment.