Centre to offload up to 2% stake in Coal India through OFS, sets floor price at Rs 412 per share

The government plans to raise approximately Rs 5,000 crore by selling up to a 2% stake in Coal India through an Offer for Sale (OFS). The floor price is set at Rs 412 per share, nearly 10% below the current market price. This move follows a successful OFS in Central Bank of India.

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Union Bank plans Rs 8,000 crore fund raise, board clears Rs 3,000 crore equity issue

Union Bank of India has greenlit a substantial capital raise, aiming to secure up to Rs 8,000 crore. This strategic move involves issuing debt instruments, including Basel III-compliant bonds, to the tune of Rs 5,000 crore. Additionally, the bank plans to bolster its equity by Rs 3,000 crore through various public and private offerings.

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Rupee slips to 95.43 against US dollar as hope for Middle East peace dims

The Indian Rupee experienced a dip early Tuesday, influenced by strong US dollar demand and rising crude oil prices. Geopolitical tensions and fresh attacks against Iran are impacting market sentiment. While the Reserve Bank of India's interventions are expected to stabilize the currency, ongoing peace talks and oil price fluctuations remain key factors to watch.

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Top stocks to buy today: Stock market recommendations for May 26, 2026 - check list

Stock market recommendations: Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan recommends Larsen & Toubro (L&T), Bajaj Finance, and Bank of India as the top stocks to consider buying on May 26, 2026. He shares the range for buy calls, stop loss and target levels:

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Stocks to buy: What's the outlook for Nifty for May 25-May 29 week? Check list of top stock recommendations

​​Stock market recommendations: Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities recommends buying Varun Beverages Ltd, and Elecon Engineering Company Ltd as the top stock picks for the May 25, 2026 week. The expert also shares his outlook for Nifty and Bank Nifty:

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