SEBI's interim order against Rajesh Exports, Hindalco launches manufacturing facility in Gurugram, & more
Thursday, 4 June 2026
Markets opened below yesterday’s closing point.
Media stocks and consumer durables stocks rose the most today. Metal stocks and IT stocks fell the most.
Global markets: US markets and Asian markets fell. Most European markets rose (as of 6 pm IST).
News
SEBI has passed an interim order against Rajesh Exports, a gold refining and jewelry export company, over alleged misrepresentation of Rs 15.15 lakh crore in the revenue. This accounts for nearly 99.8% of the company’s consolidated revenue over 5 years. The company’s chairman has denied the findings.
CMR Green Technologies IPO has been subscribed 9.59 times. Retail subscription: 7.91 times. IPO closes tomorrow (5 June).
Stocks Updates
Power Grid: commissioned the Transmission Network Expansion in Gujarat to increase ATC from ISTS, Part-B project to strengthen the state’s power transmission network and improve electricity transfer capacity.
Vedanta: subsidiary, Talwandi Sabo Power Ltd has been renamed as Vedanta Power Ltd with effect from 3 June, following MCA approval.
Hindalco: launched Eternia experience centre in Lajpat Nagar, New Delhi, and a 1.2 lakh sq ft manufacturing facility in Bilaspur (Gurugram) with capacity to produce 2.5 lakh sqft of aluminium windows per month.
CG Power: commissioned a new extra high-voltage switchgear manufacturing facility, S3 Unit-II, in Nashik with an investment of Rs 39.49 crore with an annual capacity of 7,200 units.
Word of the Day
Liquidity
It refers to how easily an asset can be converted into cash without significantly affecting its price
Assets with high liquidity can be bought or sold quickly, while assets with low liquidity may take time to sell or may require a price discount.
Cash is considered the most liquid asset, whereas assets like real estate are less liquid.
Businesses and individuals need to maintain some liquidity to meet short-term expenses or for emergencies.
6 Day Course
Theme: use of LLMs in investing
Day 4; Thursday
Another word that we’re hearing more and more of is ‘agents’.
In simple language, AI agents or LLM agents are dedicated LLM bots that do one role very well.
To better understand, think about the regular ChatGPT or Gemini experience.
You open a new chat, and then write a query. Example: “tell me about the best books on Indian history”.
Now, you might want something more specific like “make sure these books are written by Indian authors”, or “make sure the book is priced below Rs 1,000”.
So this chat is going to behave a certain way.
But when you start a new thread, you will have to explain all of these things again.
Agents are LLM bots that you can assign a highly specific role to. And then, that agent always behaves in that manner.
Not just behave, it will follow instructions by you.
So you could give long and detailed steps about how it must behave and it will try to follow it.
You can even assign it tools it can use to be able to deliver results (use of speadsheets, data plug-ins, etc)
In finance, many investors are starting to use agents for various applications.
Example: agents can be made as an industry expert, value investing expert, an expert who thinks like Warren Buffett, etc.
Not all agents “chat” with the user. Some are automated and simply perform their assigned task without interacting with anyone.
Featured Question
Q. “What is meant by zero interest deep discount bonds”
Zero interest deep discount bonds are bonds that do not pay a regular interest.
When you buy a zero interest deep discount bond, you give the bond issuer the money as an investment.
You get the investment amount + interest back only at the time of the maturity of the bond.
So, instead of paying interest every month/quarter/year, these bonds pay interest only once.
Example: the zero interest deep discount bond offers a maturity amount of Rs 10,00,000 in 10 years, if you invest Rs 3,00,000 today.
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