Market News
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Flipkart names Vinay Vaidya as senior VP to bolster tech leadership
Flipkart has appointed Vinay Vaidya as Senior Vice President of Technology for its supply chain, aiming to bolster its tech leadership and advance AI and platform capabilities. Vaidya, with extensive experience from Amazon and Tata Digital, will oversee technology across fulfilment, seller experience, and marketplace operations.
Tata Motors, Castrol join hands to advance used oil circularity across the lubricant value chain
Tata Motors and Castrol India have partnered to launch a pilot program for used oil recycling in Karnataka. This initiative aims to create a traceable system for collecting and processing used engine oil from Tata Motors' service centers, addressing a critical environmental concern. The collaboration seeks to establish a scalable model for responsible oil management, contributing to a circular automotive ecosystem in India and aligning with both companies' sustainability goals.
Centre auctions 10 critical mineral blocks in 7th round
India has successfully auctioned 10 critical and strategic mineral blocks, bringing the total to 56. This significant expansion includes first-time auctions in Gujarat, Uttarakhand, and Telangana for minerals like graphite and rare earth elements. The move aims to bolster domestic supply chains and advance the nation's critical mineral mission, alongside a second round of exploration license auctions.
Tata Group stock surges to 52-week high after third day of gains; Extends 2026 advance
A total of nine analysts have coverage on the Tata Communications stock and of them six have a "hold" rating, two have a "buy" rating and one has a "sell" rating.
Cordelia Cruises to launch ₹585-crore IPO next week
Cordelia Cruises, the first Indian cruise line to go public, plans to use up to ₹480 crore from the IPO proceeds towards deposits, advance lease rentals and monthly lease payments to Baycruise Shipping and Leasing, its step-down subsidiary.
Adani Ports expands partnership with Kaleris
To advance next-gen capabilities across its ports and logistics network
Monsoon Update: IMD Warns Of Hailstorm, Heavy Rains In These States Over Next Five Days
The IMD said conditions remain favourable for the further advance of the southwest monsoon.
Mid and smallcaps get the money as Nifty lags
Investors are increasingly bullish on mid and small-cap stocks, reflecting a notable shift in market sentiment. The Advance-Decline Ratio has shown resilience for the past two months, leading to record highs in midcap and smallcap indices. Meanwhile, large-cap stocks are grappling with foreign selling pressure, suggesting that mid and small caps may continue to shine in the near future.
Creative Newtech hits the roof after bagging Rs 3,195 cr contract from BSNL
Creative Newtech hit an upper circuit of 20% at Rs 759.45 after the company along with its consortium partner has received an advance work order (AWO) from Bharat Sanchar Nigam (BSNL), acting on behalf of Digital Bharat Nidhi, Government of India.
IndiGo flight from Delhi to Shirdi diverted to Navi Mumbai due to bad weather
An IndiGo flight from Delhi to Shirdi was diverted to Navi Mumbai due to bad weather at the destination, prioritizing passenger safety. This diversion occurred as heavy rainfall was anticipated across Mumbai, prompting IndiGo to issue a travel advisory for passengers to plan journeys in advance and monitor updates.
Adani Ports to Adani Power: Adani Group stocks advance after reports of US to settle fraud lawsuit against Gautam Adani
On May 15, shares of Adani companies saw gains amid news that US authorities might dismiss fraud charges against Gautam Adani. Adani plans to invest $10 billion in the US, generating around 15,000 jobs, while settling a civil fraud lawsuit.
Southwest Monsoon Likely To Reach Andaman Sea By Week's End: IMD
Conditions are becoming favourable for the advance of southwest monsoon likely over parts of south Bay of Bengal, Andaman Sea and Andaman & Nicobar Islands towards the end of this week.