Shares of Hindustan Zinc sharply tumbled nearly 5% on Friday after a report said that the government is planning to sell as much as 2% stake in the metals major for up to Rs 5,000 crore ($525 million).
The shares of the company dropped to Rs 575.20 apiece on NSE, the lowest level seen by the stock in six weeks, after the release of the Bloomberg report, citing people familiar with the matter. Shares of Vedanta, meanwhile, tumbled 3% to Rs 318.80 apiece.
The Department of Investment and Public Asset Management (DIPAM) aims to launch the process this month or in July this year, the report said, adding that ICICI Securities, Axis Capital, IIFL Capital Services, and HDFC Securities are advising the government on the transaction.
Hindustan Zinc shareholding pattern
The Central government held nearly 28% stake in India’s largest silver producer, according to data on the company’s shareholding pattern as on March 31, 2026. Its largest promoter, Vedanta, meanwhile, held nearly 61% stake in the company.
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Another 3.5% stake was held by insurance companies, while foreign investors held more than 2% stake in Hindustan Zinc, as at the end of the January-March quarter of FY26.
The latest report on the government’s possible stake sale in Hindustan Zinc comes after the centre ramped up its disinvestment efforts. Last week, the government raised about $531 million from the sale of 2% stake in Coal India. Earlier this week, it raised $450 million by selling 6% stake in NHPC. Bloomberg also reported that the government is now mulling an OFS to sell 2% stake in LIC to raise as much as Rs 10,000 crore.
ED raids at Hindustan Zinc offices
The shares of Hindustan Zinc declined earlier this week after Vedanta said that the Enforcement Directorate team visited some of its offices, confirming news reports. “We hereby inform that the Enforcement Directorate team visited some offices of our company and Hindustan Zinc, a subsidiary of the company,” Vedanta said after stock exchanges sought clarification regarding news reports around ED conducting searches against Vedanta Group in FEMA probe. The Anil Agarwal-led company added that it is fully cooperating with the authorities and providing all requested information.
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Later, Vedanta announced that the searches had concluded and no penalty or restriction had been imposed by the authorities.
Hindustan Zinc share price
Hindustan Zinc shares have fallen more than 9% in one week and 6% in one month, while being down more than 6% in 2026 so far. The shares of the company have gained around 17% in one year. Also read: Did this L&T-backed AI stock actually crash 90% in one day? Here’s all you need to knowIn the longer term, the stock delivered 87% returns over three years and 72% returns over five years. The company currently has a market capitalisation of more than Rs 2.43 lakh crore.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Salisbury Playhouse has unveiled plans for a major multi-million pound redevelopment as it marks its 50th anniversary. The venue – one of only three full professional producing theatres in the South West – is proposing to spend £22m on a programme of significant upgrades that will take place over the next three years.
The ‘Stage the Future’ project sets out an ambitious vision for the Playhouse that will see it become net zero and fully accessible, with revamped technical facilities, wardrobe and workshop spaces.
It has also committed to developing “the next generation” of theatre-makers.
Rosa Corbishley, co-chief executive and executive director, said: “This is a pivotal moment for the Playhouse – it’s a chance to honour five decades of world-class theatre and ensure the next 50 years are even greater.
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“Our community wants the Playhouse to thrive, and as one of the South West’s only full professional producing theatres, we are a core backbone of British theatrical talent.”
More than 200,000 people from around the UK visit Salisbury Playhouse every year – and it delivers 350 performances annually.
Co-CEOs Gareth Machin (artistic director) and Rosa Corbishley (executive director) of Salisbury Playhouse
It also runs a community and education programme – known as Take Part – that helps thousands of people, including those from under-represented communities and those with special educational needs or disabilities, to experience the theatre.
The Playhouse said that investing in “world-class” production facilities would create pathways for emerging artists and technicians.
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Gareth Machin, co-chief executive and artistic director, said: “Investment in this redevelopment is vital in unlocking our full producing potential – enabling bolder, more ambitious work, and securing the Playhouse as a cultural cornerstone of the South West – for artists, for audiences, for generations.”
The Playhouse has welcomed major stars to its stage over the years including actors Ewan McGregor, Ruby Wax and Rupert Everett, and the late Timothy West and late Prunella Scales.
The theatre is also one of Salisbury’s largest employers, supporting around 350 jobs, and claims to have contributed an estimated £40m to the local economy.
John Glen, MP for Salisbury, added: “Local theatres have the power to galvanise communities, but they also drive economic growth and nurture the grassroots talent that feeds British theatre.
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“The transformation of Salisbury Playhouse will secure that mission for generations, developing the talent of today, inspiring the artists of tomorrow, and bringing communities together. Supporting this campaign means ensuring the Playhouse remains open and accessible to all – for the next 50 years and beyond.”
Shares of Go Digit General Insurance surged 8.66% to Rs 329 during Friday’s trading session, extending gains after a significant Rs 100-crore block deal in the previous session attracted prominent institutional investors.
The block deal saw Aditya Birla Sun Life Mutual Fund and JPMorgan (Taiwan) Eastern Technology Fund collectively acquire 33.33 lakh shares at a weighted average price of Rs 300 per share.
Aditya Birla Sun Life Mutual Fund purchased 21.66 lakh shares worth approximately Rs 65 crore, while JPMorgan (Taiwan) Eastern Technology Fund acquired 11.66 lakh shares valued at around Rs 35 crore.
The seller in the transaction was Peak XV Partners Growth Investments III, which offloaded its entire 33.33 lakh-share stake for nearly Rs 100 crore.
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Stock Performance
Despite Friday’s sharp rally, Go Digit Insurance has remained under pressure over the past year, with the stock declining around 10% during the period. The company currently commands a market capitalisation of Rs 27,993 crore.
The stock’s 52-week high stands at Rs 381.40, while its 52-week low is Rs 295.50.
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On the valuation front, Go Digit Insurance trades at a Price-to-Earnings (P/E) ratio of 49.28 and a Price-to-Book (P/B) ratio of 6.51, reflecting premium market expectations for the insurer’s growth prospects. The company delivered a robust financial performance in the March 2026 quarter. Revenue rose 9% year-on-year to Rs 3,181 crore, while net profit surged 49.2% YoY to Rs 173 crore, highlighting improved profitability and operational efficiency.The shareholding pattern for the March 2026 quarter reflected mixed investor activity. Promoters marginally reduced their stake in the company from 73.03% to 73.01%, while Foreign Institutional Investors (FIIs) trimmed their holdings from 8.26% to 8.01%. In contrast, mutual funds increased their ownership from 8.02% to 8.28%, signaling continued confidence from domestic institutional investors despite the reduction in foreign investor participation.
From a technical perspective, the stock’s Relative Strength Index (RSI-14) stands at 40.8. An RSI below 30 is generally considered oversold, while a reading above 70 signals overbought conditions.
Go Digit Insurance is currently trading above 5 out of its 8 key Simple Moving Averages (SMAs), suggesting improving near-term momentum. However, the stock remains below its 100-day, 150-day, and 200-day moving averages, indicating that long-term trend confirmation is still awaited.
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The sharp rally following the Rs 100-crore block deal and increased mutual fund participation has put Go Digit Insurance back on investors’ radar. Market participants will closely watch whether the stock can sustain momentum and reclaim key long-term resistance levels in the coming sessions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Nearly half of Australia’s listed explorers notched investing outflows in the March quarter, signalling the fastest pace of capital deployment in more than a decade.
Albert Anthony is the pen name of a business author on Amazon and his newest book is “How To Pick Stocks: 8 Steps For Long-Term Investing with Fundamental & Technical Analysis,” now available as a 2026 edition paperback and Kindle ebook in several regions including the US, UK, Canada, and Europe. The author is an analyst & contributor for investing platform Seeking Alpha since 2023, where he has nearly 2,000 followers and has covered hundreds of stocks in multiple sectors including banks/financials, REITs, insurance, pharma, and more. He has also written for platforms like Investing dot com, and has taken part in many business conferences includes Bloomberg Adria’s Investment Outlook 2026 as well as Money Motion 2026. Albert Anthony has Croatian-American roots, having grown up in the US and living in the NYC/New Jersey area as well as the Austin Texas area while working in enterprise IT roles at several prominent companies, including a top 10 financial firm. The author earned a B.A. from Drew University, and also completed certifications from Microsoft, CompTIA, and Corporate Finance Institute where he earned the specialization in risk management. He is founder of a boutique equities research firm, Albert Anthony & Company, which is a trade name both in the US and Croatia. Besides his writing and analyst work, the author has been active on camera as well, as a film/TV extra for casting agencies in Croatia/Europe, and also took part in roundtable panel discussions and appeared in several media stories in that region. You can also check out the author’s video content on the Albert Anthony channel on YouTube where he discusses investing topics, @author.albertanthony Please note: The author does not write about non-publicly traded companies, small cap stocks, crypto, or startup CEOs, so any such mail received and pitches from PR agencies will be deleted. Any official mail to the author should be sent to albertanthony.info@gmail.com. *Author Disclaimer: Albert Anthony and Albert Anthony & Co, is a US-based sole proprietorship registered as a trade name in Austin, Texas, and a sole proprietor registered in Croatia. The author nor his company are registered financial advisors and do not provide personalized financial advisory services to clients and do not manage client assets but provide general markets commentary and research as well as actionable insights based on publicly-available data and their own analysis. The author does not sell or market financial products and services, nor is compensated by any company for rating them. The author does not hold any material position in any stock he rates at the time of writing, unless otherwise disclosed. All investment is assumed to be at risk and readers are expected to do their due diligence beyond the scope of this author’s commentary, agreeing to indemnify the author of any liability for potential investment losses.
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LOS ANGELES — A routine birthday dinner at a Mexican restaurant in Los Angeles turned into an unforgettable experience when pop star Justin Bieber joined a group of strangers in singing “Happy Birthday,” delighting the celebrants and quickly captivating fans online.
Justin Bieber performs a medley of songs at the 2016 Billboard Awards in Las Vegas, Nevada, U.S., May 22, 2016.
The spontaneous moment unfolded at Escuela Taqueria, where Bieber was dining with his wife Hailey Bieber and friends on May 29. Nearby, a group was celebrating Amanda’s birthday when Bieber noticed the festivities and stepped in to make the occasion special.
Footage captured by Karla Saldana, one of the diners, shows Bieber approaching the table and leading the group — and eventually much of the restaurant — in a rendition of the classic birthday song. The video, shared widely on social media, captures the surprise and joy on the faces of those at the table, with the birthday girl appearing stunned by the celebrity encounter.
Saldana later described the scene in interviews. “He and his friends were having fun and it was such a nice surprise,” she said, adding that she was “shocked” but quickly started filming once he began singing. She called it “Such an LA moment” on social media.
The clip has since gone viral, drawing reactions from fans who praised Bieber for his approachable and kind gesture. Many commented on the heartwarming nature of the interaction, highlighting how the 32-year-old singer took time from his own evening to brighten someone else’s celebration.
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A Glimpse Into Bieber’s Life in Los Angeles
Bieber, who has called the Los Angeles area home for years, is no stranger to public appearances despite maintaining a relatively private family life with Hailey. The couple welcomed their first child in 2025, and recent sightings have shown Bieber balancing fatherhood, music projects and occasional outings around the city.
This latest encounter fits a pattern for the Canadian-born artist, known for connecting with fans in unexpected ways throughout his career. From early days as a YouTube sensation to global superstardom, Bieber has often shared personal and fan-focused moments that humanize his larger-than-life persona.
The restaurant, Escuela Taqueria, is a popular spot in Los Angeles known for its vibrant atmosphere and authentic Mexican fare. Diners frequent the venue for casual meals, making it an ideal setting for such an organic interaction. On that evening, the energy shifted from a standard birthday gathering to a memorable event as Bieber’s voice joined the chorus, followed by applause from surrounding tables.
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Witnesses noted that Bieber appeared relaxed and engaged, smiling and clapping along after the song. Hailey Bieber was also present, adding to the family-oriented feel of the night. The entire episode lasted only a few minutes but left a lasting impression on those involved.
Bieber’s Enduring Connection With Fans
For Bieber, moments like these underscore the relationship he has cultivated with his dedicated fanbase, often referred to as “Beliebers.” Since bursting onto the scene as a teenager with hits like “Baby” and “One Time,” he has navigated the challenges of fame, personal struggles and professional evolution while consistently engaging with supporters.
His discography spans multiple eras, from the dance-pop of “My World” to more mature reflections in albums like “Changes” and “Justice.” Recent years have seen him explore new musical directions, including collaborations and faith-inspired work, while prioritizing health and family.
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This restaurant surprise comes amid a period of relative stability for Bieber. After addressing past mental health challenges publicly, he has spoken about the importance of kindness and presence — qualities evident in his willingness to join strangers in song. Fans online drew parallels to similar fan interactions over the years, from impromptu meet-and-greets to charitable gestures.
The video’s rapid spread reflects the power of social media in amplifying wholesome celebrity stories. Platforms like Instagram, TikTok and X buzzed with reposts, with users sharing their own experiences of Bieber’s generosity or expressing envy for the lucky birthday group.
The Broader Context of Celebrity Encounters in LA
Los Angeles, as the entertainment capital, frequently hosts such chance meetings between stars and the public. Restaurants, coffee shops and public spaces become stages for these unscripted moments that bridge the gap between the famous and everyday people. Bieber’s interaction stands out for its simplicity and sincerity — no staged event, no promotional tie-in, just a genuine acknowledgment of a celebration happening nearby.
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Experts in celebrity culture note that such acts can significantly boost public perception. In an era where stars often face scrutiny, positive, low-key gestures like this help reinforce Bieber’s image as down-to-earth despite his massive success. Industry observers point to similar instances with other artists that have strengthened fan loyalty and generated organic publicity.
For Amanda and her friends, the night likely became one for the books. Saldana’s decision to record and share the footage has allowed thousands to vicariously enjoy the surprise, turning a private dinner into a shared cultural moment.
Reactions and Lasting Impact
Social media responses have been overwhelmingly positive. Comments range from “This is why we love him” to “What a legend for doing that.” Some fans expressed hopes that the birthday girl received additional recognition or perhaps even a photo with the singer afterward, though details beyond the song remain limited.
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Bieber himself has not publicly commented on the incident, consistent with his approach to personal moments. The family has focused on low-profile living in recent times, with occasional glimpses into their world shared thoughtfully.
This event also highlights the role of video in modern storytelling. What once might have been a fleeting memory captured only in recollections is now preserved and disseminated instantly, creating ripples far beyond the restaurant walls. Storyful, a media agency, helped distribute the footage, ensuring wider reach through news outlets.
As summer approaches in Los Angeles, with its bustling social scene and celebrity presence, such stories serve as reminders of the city’s unique blend of glamour and accessibility. For one group of friends, a birthday dinner became legendary thanks to an unexpected musical guest.
Bieber’s career continues to evolve, with rumors of new music and projects always circulating. Yet it’s these human connections that often resonate most deeply with the public, reminding fans that behind the hits and headlines is an artist who still values simple joys.
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In the end, the surprise at Escuela Taqueria exemplified the magic that can happen in everyday settings — a reminder that kindness, even in the form of a shared song, can create lasting memories. For Amanda, it was undoubtedly a birthday to remember, courtesy of one of the world’s most recognizable voices.
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