Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Flipkart extends lead in Indian ecommerce, Myntra widens lead in fashion, says BofA
Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce, and logistics, with AI adoption poised to enhance customer experience and optimize costs.
Finance expert Aswath Damodaran's warning on AI crash: 'When the correction comes, the pain will be more intense'
NYU professor Aswath Damodaran has warned that a future AI market correction could be far more damaging than the dot-com crash, as today's AI boom is being fuelled by massive debt-funded infrastructure spending
India’s anti-obesity drug market sees slower growth after initial surge in generic semaglutide sales
India's anti-obesity drug market sees a slowdown after initial generic semaglutide sales. Demand has eased from its peak, with growth moderating. Doctors note that physician training and patient education are now crucial for future market expansion. Meanwhile, tirzepatide shows a recovery, maintaining its market position. Competition remains intense with numerous semaglutide brands.
Kerala on Red Alert as Heavy Rain Batters State; Monsoon Advances Across India
The IMD has issued a red alert for six Kerala districts amid intense rainfall triggered by a cyclonic circulation. As flooding and disruptions continue, the southwest monsoon has advanced into Maharashtra and is expected to reach Delhi later this month.
Flights Impacted! IndiGo, Akasa Air, Delhi Airport Issue Advisory As Heavy Rains Disrupt Operations
The weather disruption comes after days of intense heat.
Gainers & Losers: Adani Ports, Tejas Networks and Indigo among 8 big movers on Monday
Eight key stocks — including big movers like Tejas Networks, Adani Ports, L&T and Indigo — saw sharp swings on Monday as escalating Middle East tensions, rising crude prices and defence orders drove intense sector-wide volatility.
Paint firms eye strong March finish
Indian paint companies are optimistic about the current quarter. Demand picked up in November and December. This trend is expected to continue, leading to high single-digit volume growth. Competition remains intense. Companies like Asian Paints, Berger Paints, and Kansai Nerolac report gradual improvement in demand post-Diwali. Birla Opus and JSW Paints are also active in the market.