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Markets Espresso: The Burden of Expectations and Salaam Retail!
One line from US President Donald Trump derailed an entire market recovery. Stocks that fell to the burden of Expectations.Respect to the one that stands tall on every good, bad, and ugly day!Unpack all of this in our latest Markets Espresso!
Torrent Pharma recalls select batches of Semalix injection after Dr. Reddy's notice
Torrent Pharmaceuticals is voluntarily recalling select batches of its Semalix semaglutide injection pens. This action follows a product recall notification from its manufacturer, Dr. Reddy's Laboratories. Patient safety remains of paramount importance to the company during this process. There is no risk to patients currently using this specific treatment. All other Semaglutide products sold by Torrent remain unaffected.
TCS Q1 Results Live Updates: Stock recovering from day's low ahead of earnings
TCS Q1 Results Live Updates: Tata Group giant and India's largest IT services company, Tata Consultancy Services Ltd. (TCS) is set to report its results after market hours on Thursday, July 9. As per a CNBC-TV18 poll, the company's US Dollar revenue is seen flat at $7,611 million, compared to $7,621 million in the March quarter. The stock has declined 35% so far this year and is now trading at 14 times its financial year 2028 estimated price-to-earnings, well below its historical averages. Watch this space for all the LIVE earnings updates from TCS.
EV retail sales at all-time high of 3,06,220 units in June, penetration cross 12 pc: FADA
Electric vehicle retail sales in India reached an all-time high of 3,06,220 units in June. This growth pushed overall EV penetration past twelve percent for the first time, says the Federation of Automobile Dealers Associations. The two-wheeler segment led this surge, registering substantial year-on-year increases. Electric passenger and commercial vehicles also saw their best-ever months. Electrification has now moved decisively into the mainstream of Indian auto retail.
Titan shares in focus on Q1 business update; consumer business grows 41% YoY
Titan Company reported a 41% year-on-year rise in consumer businesses for the June quarter, driven by robust jewellery demand, retail expansion and strong international growth. The Tata Group firm added 77 stores during the quarter, while its jewellery, watches, eyecare and emerging businesses all posted healthy growth.
Gold prices slip ₹150, silver declines ₹5,000 amid weak global cues
Gold prices slipped Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, and silver dropped Rs 5,000, as a sluggish global trend and a firm US dollar prompted traders to trim positions in precious metals. The precious metal of 99.9 per cent purity had closed at Rs 1,50,800 per 10 grams in the preceding session. Silver snapped its four-day rally, declining Rs 5,000 to Rs 2,40,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,45,000 per kg, according to local dealers. Traders said the market remained range-bound as investors balanced lingering geopolitical risks in West Asia against a stronger greenback and expectations surrounding the US Federal Reserve's monetary policy. "Gold prices experienced a slight decline in the domestic markets on Monday, as investors navigated the complex landscape of Washington-Tehran relations while awaiting key inflation data from the US," said Gaurav Garg, Research Analyst at Lemonn Markets Desk. In the ...
Colgate-Palmolive India bets on rural expansion, science-led innovation to drive growth towards 2030
Colgate-Palmolive India is prioritizing rural market expansion, innovation, and digital transformation to boost growth. The company aims to reach more rural households and introduce science-backed products in urban areas. With a focus on data analytics and AI, Colgate-Palmolive is enhancing its value chain and strengthening its presence across all retail channels. Despite facing challenges, the company anticipates continued momentum driven by an improving demand environment and strong execution.
Godrej Consumer expects high-teens Q1 revenue growth on strong volumes; margins seen lower
Godrej Consumer Products projects a high-teens revenue growth for Q1 FY27, supported by robust volume increases across all categories.
DXY holds steady around 101 mark; investors brace for US jobs report
The dollar index is holding steady on Thursday with all focus on June jobs report for fresh insights into labor market conditions and greater clarity on the Federal Reserves policy outlook. Data released on Wednesday showed private-sector hiring in the US slowed more than expected last month. The dollar index that measures the greenback against a basket of currencies is quoting at 101.08, down marginally on the day. Meanwhile, Federal Reserve Chair Kevin Warsh firmly reiterated the central bank's absolute commitment to its 2% inflation target and maintained strict political independence during his speech at the European Central Bank (ECB) Forum although he declined to give any signal as to what the central bank may do at its meeting later this month.
Nestle to cut artificial colourings from all products by end-2026
Nestle is set to eliminate all artificial food colorings globally by the end of 2026, a significant move by the major food producer. This initiative, driven by consumer demand for healthier options and scrutiny of ingredients, extends beyond their existing efforts in the United States. The company invested heavily in research and development to find natural alternatives, aiming for simpler recipes that resonate with consumers.
Tata Sierra EV launch today: Check price, features, battery options and other key features
Tata Motors is launching the highly anticipated Sierra EV today, June 30, in an all-new electric avatar. Teasers reveal a potential driving range exceeding 500 km, a modern cabin with a Boost Mode, and multiple terrain capabilities including Sand Mode. The SUV will offer all-wheel-drive options and is expected to be packed with premium features, rivaling upcoming electric SUVs in the Indian market.
Government lifts curbs on petrol, diesel sales at pumps as global oil prices fall
Fuel stations can now freely sell petrol and diesel to all customers. The government has removed restrictions on bulk buyers purchasing fuel at retail pumps, a move effective July 1. This decision follows a significant drop in global oil prices, which has drastically reduced the price difference between bulk and retail fuel rates. Previously, soaring oil prices had led to supply issues at petrol stations.