India’s political and financial landscapes are abuzz with significant events this Wednesday. Prime Minister Narendra Modi is set to inaugurate the new campus of Nalanda University in Bihar’s Rajgir, marking a pivotal moment in the revival of this ancient institution. The event will be graced by External Affairs Minister S Jaishankar and ambassadors from 17 nations, underscoring the global significance of Nalanda University.
Meanwhile, in Delhi, Chief Minister Arvind Kejriwal faces a crucial legal hurdle as a Delhi court will hear his bail plea in the money laundering case related to the alleged excise scam. The case has been adjourned to June 19, allowing the Excise Department time to file a reply. Earlier, Kejriwal’s application for interim bail on medical grounds was dismissed on June 5, and his judicial custody extended until June 19.
Down south, Jana Sena Party president K. Pawan Kalyan is poised to assume the role of Deputy Chief Minister of Andhra Pradesh, taking charge of the key portfolios of Panchayat Raj and Rural Development, Environment, Forests, and Science and Technology.
The stock market is also anticipating significant movements this Wednesday. Shares of five major companies – LTIMindtree Ltd, Dalmia Bharat Ltd, Intellect Design Arena Ltd, Panasonic Carbon India Co. Ltd., and Sagar Cements Ltd – are likely to be in focus as their boards of directors have declared final dividends for eligible shareholders.
Adding to the market buzz, two upcoming Initial Public Offerings (IPOs) are set to open for subscription. Dee Development Engineers, an engineering company, will open for subscription on Wednesday, June 19, with the price band set between ₹ 193 and ₹ 203 per equity share. Akme Fintrade (India) Ltd is also gearing up for its ₹ 132 crore IPO, with the subscription period open from June 19 to June 21. The company has fixed a price band of ₹ 114-120 per share for the issue.
These diverse events collectively paint a vibrant picture of India’s dynamic political and economic landscape, offering a glimpse into the nation’s ongoing progress and development.
