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The government on Monday announced an offer for sale (OFS) in state-run NLC India, seeking to divest up to 3% of its stake through a two-day share sale process. The OFS comprises a base offer of 2% equity, equivalent to 2.78 crore shares, along with a greenshoe option of another 1% stake, or 1.39 crore shares, in case of strong investor demand.

The government has fixed the floor price at Rs 303 per share, a discount to the stock’s previous closing price. Based on the floor price, the government stands to raise about Rs 842 crore through the base offer. If the greenshoe option is fully exercised, the total issue size could increase to around Rs 1,263 crore.

The OFS will open for non-retail investors on June 9, while retail investors and eligible employees can bid on June 10. The share sale will be conducted through a separate window mechanism on the BSE and NSE in line with Sebi’s OFS framework.

The transaction forms part of the government’s broader disinvestment programme and comes amid a strong run in PSU stocks over the past few years.

NLC India, formerly known as Neyveli Lignite Corporation, is one of India’s leading mining and power generation companies. The company operates lignite mines and thermal power stations while also expanding its renewable energy portfolio.

The PSU has emerged as a beneficiary of India’s rising power demand and the government’s focus on energy security. In recent years, the company has diversified beyond lignite mining into solar and other renewable energy projects as part of its long-term growth strategy.
The government highlighted NLC India’s strong operational and financial performance while announcing the OFS, describing the company as a long-term investment opportunity supported by consistent profitability and dividend payouts.NLC India has maintained a track record of returning cash to shareholders through regular dividends and has benefited from improving plant performance, higher power generation and growth in mining operations.

The OFS comes at a time when institutional and retail participation in government stake sales has remained healthy, particularly in profitable PSUs with stable cash flows and attractive dividend yields.

Investors will now watch subscription levels closely to gauge demand for the issue, especially given the government’s decision to keep a greenshoe option that allows it to sell an additional 1% stake if the offer is oversubscribed.

TUCSON, Ariz. — Four months after Nancy Guthrie vanished from her home in the Catalina Foothills area near Tucson, the high-profile disappearance of the 84-year-old mother of NBC “Today” co-anchor Savannah Guthrie remains unsolved, with authorities treating it as a suspected abduction and homicide.

A $1 million reward offered by the family for information leading to her safe return or the arrest and conviction of those responsible has generated thousands of tips, yet no arrests have been made and her body has not been recovered. Here is a 10-point timeline summarizing key developments in the case so far.

1. January 31-February 1: Last Seen and Initial Evidence Nancy Guthrie was last seen on January 31 after a family dinner. On February 1, she disappeared from her residence. Blood evidence matching her DNA was found on the porch, along with signs of a possible struggle. A masked individual was captured on doorbell camera footage tampering with the camera shortly before the disappearance.
2. Early February: Law Enforcement Response The Pima County Sheriff’s Office launched an investigation, joined by the FBI, Customs and Border Protection and search-and-rescue teams. Multiple searches of the surrounding desert terrain began immediately using cadaver dogs, drones and ground teams. A $1 million reward was announced.
3. February 24: Savannah Guthrie’s First Public Appeal Savannah Guthrie posted an emotional video on Instagram, saying, “Every hour and minute and second and every long night has been agony.” She added, “Worrying about her, and fearing for her, and aching for her, and most of all just missing her,” while urging the public to pray and provide information.
4. March: Religious Imagery and Continued Hope Savannah Guthrie shared a religious image on Instagram Stories with the caption “I believe, I believe,” reflecting the family’s ongoing hope for Nancy’s safe return.
5. May 12: Sheriff’s Update on Evidence Pima County Sheriff Chris Nanos stated, “I think every day they get closer. There’s way too much work to be done, that is ongoing, with some of the physical evidence we have.” Mixed DNA found near the home continued to be analyzed.
6. Mid-May: Expert Analysis on No-Body Homicide No-body homicide expert Tad DiBiase noted the case’s unusual nature as a potential stranger-on-stranger abduction of an elderly victim. He stressed the importance of thorough searches to rule out alternatives and build a prosecutable case.
7. Late May: Jon Buehler’s Grim Assessment Former detective Jon Buehler expressed concern that Nancy likely did not survive, citing the lack of ransom demands and the volume of blood at the scene. “The amount of blood that was present there in the front of the house suggests to me a wound that was bleeding a lot,” he said.
8. Mother’s Day Tribute Savannah Guthrie shared a video compilation of clips featuring her mother, offering a touching tribute while the family continued to cope with uncertainty.
9. Early June: Savannah’s Latest Emotional Plea On June 7, Savannah posted another religious image with the caption “Oh my, my soul, it cries out, soul, it cries out,” followed by “Bring her home” and a yellow heart emoji, renewing the public call for information.
10. Ongoing Investigation as of June 8 The case remains active with no new major breakthroughs publicly announced. Authorities continue processing evidence, pursuing leads and evaluating tips. The family maintains hope while urging the community to come forward with any information.

The disappearance has shaken the upscale Catalina Foothills community and highlighted vulnerabilities for elderly residents living independently. Savannah Guthrie has balanced her high-visibility role on “Today” with supporting her family, occasionally sharing public appeals while respecting the investigation’s boundaries.

Pima County Sheriff’s officials have described the case as complex, citing laboratory backlogs for DNA and other forensic evidence. Digital forensics, neighbor interviews and analysis of potential vehicle activity remain key components. No public persons of interest have been named, though multiple individuals were questioned early in the probe.

Expert commentary has provided context on the challenges. Tad DiBiase noted that most no-body cases involve known relationships, making this apparent stranger abduction particularly difficult. Jon Buehler’s assessment reflected common patterns but emphasized the need for continued searches.

The family’s public statements reflect both grief and determination. In the KVOA News 4 special, they said, “We continue to believe it is Tucsonans, and the greater southern Arizona community, that hold the key to finding resolution in this case.”

Nancy Guthrie was described by family as independent and vibrant. Her sudden vanishing has prompted broader conversations about safety for seniors and the difficulties of missing persons investigations when foul play is suspected but no body is found.

Community response has included participation in early searches, vigils and ongoing offers of assistance. The case has also sparked discussions about home security and neighborhood watch programs in the Tucson area.

As the investigation enters its fifth month, pressure builds on law enforcement to deliver answers. Thorough searches, as recommended by experts, could prove pivotal both in potentially locating remains and in supporting any future prosecution.

Savannah Guthrie’s platform has amplified the call for information while modeling resilience. Her willingness to share glimpses of the family’s pain humanizes the broader statistics of missing persons cases.

For the Guthrie family, each day without answers brings new emotional challenges. The prolonged uncertainty compounds grief, with hope persisting alongside fear for Nancy’s well-being.

Authorities urge anyone with information, no matter how small, to contact the Pima County Sheriff’s Office or the FBI. Tips can often be submitted anonymously, and the reward provides additional incentive.

The coming weeks will be critical as forensic analysis continues and new leads are evaluated. The Guthrie family, supported by friends, colleagues and the Tucson community, holds onto hope while facing the daily reality of not knowing.

Nancy Guthrie’s story, amplified through her daughter’s platform, highlights both the personal toll of such disappearances and the collective responsibility to assist in bringing missing loved ones home. As the search continues, the focus remains on methodical work that could eventually provide resolution for the family and the community.

SpaceX’s initial public offering is well oversubscribed, according to people familiar with the matter, as demand builds for a potentially record-setting debut.

Banks leading the offering by Elon Musk’s rocket, satellite and artificial intelligence company are expected to stop taking orders from institutional investors on Wednesday after the market closes in New York at 4 p.m., some of the people said, asking not to be identified as the information isn’t public.

Closing the order books gives banks time to gauge demand ahead and advise the company on pricing. SpaceX’s IPO is expected to price June 11 and trade the following day. The company is offering 555.6 million shares at $135 each, which would raise about $75 billion, and value it at about $1.8 trillion.

Retail investors can still submit orders for SpaceX shares on some platforms beyond the Wednesday deadline. The company is allocating as much as 30% of the offering to retail, Bloomberg News has reported.

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A spokesperson for SpaceX didn’t immediately respond to a request for comment. Representatives for Goldman Sachs Group Inc. and Morgan Stanley declined to comment.
Anticipation is growing for the IPO which is expected to be the biggest ever, topping Saudi Aramco’s $29.4 billion debut in 2019. The company has disclosed new sources of revenue in recent weeks, emphasizing its AI clout. On Friday, SpaceX announced a deal with Alphabet Inc.’s Google that would see the Gemini AI model maker pay $920 million a month as part of a cloud services agreement set to run through 2029. It previously disclosed a similar pact with Anthropic PBC.The company formally known as Space Exploration Technologies Corp. expects to make its debut on Nasdaq and Nasdaq Texas under the symbol SPCX.

NEW YORK — A violent knife attack at a major New York transportation hub has raised security questions around Madison Square Garden, the site long rumored to host Taylor Swift and Travis Kelce’s wedding, as the couple continues to keep their plans tightly under wraps.

The incident occurred on Sunday, June 7, when a suspect wielding a knife slashed five people at the Amtrak terminal near Madison Square Garden. Police confirmed the suspect was taken into custody, while the victims were transported to local hospitals for treatment. The attack, though unrelated to the rumored wedding, has heightened awareness around the venue’s security needs given the high-profile nature of any potential event there.

Madison Square Garden has emerged as a leading speculation point for Swift and Kelce’s wedding, reportedly slated for July 4. Sources have claimed the arena’s capacity to accommodate up to 22,000 guests aligns with the couple’s desire for a large-scale celebration. However, neither Swift nor Kelce has confirmed any details, and representatives for both have remained silent on the matter.

The couple’s relationship has captivated the public since it became public in 2024. Swift, the 14-time Grammy winner, and Kelce, the Kansas City Chiefs tight end, have been spotted together at games, events and private outings, generating massive media coverage and boosting Kelce’s visibility beyond sports. Their rumored wedding would represent a major cultural moment blending pop music, sports and celebrity.

Selena Gomez, Swift’s longtime close friend, added to the speculation on Saturday with an Instagram post teasing an update for her Rare Beauty brand while playing Olivia Dean’s song “I Could Be a Florist.” Fans quickly interpreted the floral reference as a potential hint that Gomez may serve as a flower girl at Swift’s wedding, echoing her previous role in her own engagement announcement to Benny Blanco.

Gomez’s post, featuring images of her makeup and the caption “Something very, very exciting is happening with @rarebeauty,” drew significant engagement. The connection to Swift’s rumored nuptials fueled further online discussion, with many noting the pair’s enduring friendship and Gomez’s history of supportive gestures.

The couple has maintained a high level of privacy around their relationship and any wedding plans. Sources have claimed Swift personally called guests rather than sending traditional invitations and texted additional details. Reports suggest a carefully curated guest list focused on those she hopes will remain in her life long-term. Notably absent from speculation are former close friends like Blake Lively and Ryan Reynolds, whose relationship with Swift reportedly cooled amid Lively’s public dispute with Justin Baldoni, as well as Karlie Kloss, with whom Swift’s friendship ended years ago.

Madison Square Garden’s selection as a potential venue would align with the couple’s desire for a spectacle that could embrace fans. Some insiders have speculated about outdoor viewing experiences or unique ways to include supporters, though these claims remain unconfirmed. The arena is also hosting NBA Finals games this week, including matchups involving the New York Knicks, adding to its busy schedule.

Security at Madison Square Garden is already robust due to its status as a major entertainment and sports venue. The recent knife attack, while isolated, underscores the challenges of hosting high-profile events in busy urban locations. Additional security measures would likely be implemented for any celebrity wedding, particularly one involving global superstars like Swift and Kelce.

The couple’s relationship has been marked by mutual support and public appearances that blend their respective worlds. Kelce has attended Swift’s concerts, while Swift has been seen at Chiefs games. Their partnership has been celebrated for its authenticity and positive public image, contrasting with the intense scrutiny that often accompanies celebrity romances.

Swift’s music career continues to thrive, with her Eras Tour and catalog re-recordings maintaining massive cultural impact. Kelce’s NFL performance remains strong, and his off-field ventures, including media appearances and endorsements, have expanded his profile. A wedding would represent a significant personal milestone for both amid demanding professional schedules.

The lack of official confirmation has only intensified speculation. Fans and media outlets continue to parse social media clues, travel patterns and industry whispers for any indication of wedding plans. The July 4 date, if accurate, would align with a holiday weekend that could facilitate a large celebration while minimizing some scheduling conflicts.

Gomez’s recent post has added a layer of excitement for Swifties, who have long celebrated the friendship between the two stars. Gomez’s support for Swift has been consistent over the years, and her potential involvement in the wedding would be seen as a natural extension of that bond.

As the rumored date approaches, security and logistical planning around Madison Square Garden would need to account for both the venue’s regular events and the added demands of a high-profile private ceremony. The arena’s central Manhattan location offers iconic status but also presents challenges in crowd control and privacy.

The couple’s decision to keep plans secret reflects a desire for intimacy amid public fascination. Swift has previously spoken about the difficulties of maintaining privacy in her personal life, while Kelce has adapted to increased media attention since their relationship became public.

Regardless of the venue or exact details, any wedding between Swift and Kelce would be one of the most talked-about celebrity events of the year. The combination of music, sports and genuine affection has resonated with fans, creating a modern fairy tale narrative that transcends typical Hollywood stories.

For now, the public continues to speculate while respecting the couple’s privacy. The recent knife attack near the rumored venue serves as a reminder of the security considerations involved in such high-profile gatherings, but it does not appear to have altered plans if Madison Square Garden is indeed the chosen location.

The entertainment world will watch closely for any official confirmation or further hints in the coming weeks. Until then, Swift and Kelce’s relationship remains a bright spot in celebrity news, symbolizing connection and joy amid broader global challenges.

Mr McEldon – who received an OBE for services to business growth in the North East – will retire next year

A North East business leader is set to step down from his role at the head of a business support organisation after more than 25 years in the job.

Paul McEldon has been chief executive of the North East BIC since 2001, having joined the organisation in 1994. He has announced plans to retire next year, with the organisation starting the search for his successor.

The BIC, which has offices in Sunderland, was inspired by a European business model of fusing workspace with business support. It has become one of the region’s largest social enterprises, with a recent impact report revealing that it has boosted the regional economy by over £2.5bn.

The BIC’s four business centres have provided a home to more than 1,100 businesses over the past three decades and its events and support have helped more than 8,000 people set up and grow their own firms. Mr McEldon’s role in leading the organisation saw him receive an OBE in 2021 for services to local growth in the North East.

He said: “It has been an absolute honour to be part of the BIC team for the past 32 years and to have had the privilege of working with so many amazing people on the journey.

“Over the time we have served the region, we have created a business community unlike anything else in the North East, but this would never have been possible had it not been for our fantastic team.

“Everyone from our advisers to the maintenance teams, office staff and our receptionists are what make the BIC such a special organisation and if you speak to any of our customers, be they tenants or business support recipients, I am sure they will testify to that. They truly embody everything the BIC stands for.

“Now the time has come for me to step down and focus on the board work I do, which I thoroughly enjoy and which keeps me really busy. I do so in the knowledge that we have the incredible people already in place to ensure the BIC remains a force for good for another three decades and beyond.”

The BIC is recruiting for a new chief executive, with the successful applicant expected to be in post by Christmas. Mr McEldon will continue working with his successor for several months to ensure a smooth handover of activities.

BIC chair Kevan Carrick said: “Paul has been a driving force behind the North East BIC during his tenure, overseeing its growth into one of the region’s most respected business support organisations. Under his leadership, the BIC has provided vital workspace, mentoring, and innovation support to hundreds of businesses across the North East, helping to create thousands of jobs and contributing significantly to the region’s economic development.

“On behalf of the entire board, I want to express our sincere gratitude to Paul for his extraordinary dedication and the lasting legacy he has built at the BIC. His contribution to business support in the North East is immeasurable.”

Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports, looks to reorganize its footprint.

JD Sports acquired Hibbett in 2024 in a deal valued at around $1.1 billion, with the acquisition viewed as enhancing JD’s presence in the North American footwear market. Hibbett had 1,169 stores in 36 states as of May 2024, according to the press release for the deal.

Now, the company is moving to reduce its store count as part of a cost-cutting strategy.

POPULAR CONVENIENCE STORE CHAIN TO CLOSE HUNDREDS OF STORES

JD Sports CEO Regis Schultz said on the company’s fourth quarter earnings call that its “second key strategic initiative is driving store productivity and optimization of our store estate. Our net store movement last year was a reduction of 39 stores, demonstrating our fewer, bigger, and better store strategy.”

“In North America, we will leverage group best practice to optimize EBIT store footprint and profitability. As part of this, we will close around 170 underperforming EBIT stores over the next three years,” Schultz added.

JD said that at the start of its fiscal year in February 2025, there were 999 Hibbett stores and that figure declined to a total of 982 when its fiscal year ended in January 2026 as the group consolidated its operations after the Hibbett acquisition.

JOANN, MACY’S, OTHER STORE CLOSURES PART OF A 274% SPIKE IN RETAIL LAYOFFS IN 2025

JD’s CFO Dominic Platt added that the group is planning to open about 20 new JD stores as well as converting between 70 to 80 Finish Line stores to JD locations in North America.

After factoring in JD Sports’ plans in Europe, the group expects its total store count to “stay broadly flat for the year,” Platt said.

JD Sports’ stock is down about 1.7% year to date and is around 1.8% higher over the last year.

DICK’S SPORTING GOODS PLANS TO CLOSE SOME FOOT LOCKER STORES

The news comes as Hibbett’s retail footwear rival, Foot Locker, announced store closure plans last November following its $2.4 billion acquisition by Dick’s Sporting Goods in September 2025.

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The company didn’t specify how many Foot Locker locations would close, though nine Dick’s locations closed in 2025, along with about 11 Foot Locker-owned stores and four licensed stores.