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India’s long-term growth story intact despite high valuations: Citigroup CEO Jane Fraser
India's economy faces temporary global challenges. Citigroup CEO Jane Fraser states the nation's strong tech talent and diverse economy ensure its long-term growth. Foreign investors are reassessing valuations and risks. Despite current market volatility, India's fundamental economic story remains robust. The world's multipolar shift is seen as beneficial for India.
Hitachi Energy, GVTD to CG Power: Citi is bullish on these electric equipment stocks. Should you buy?
Citi estimates HVDC projects alone could represent an opportunity of around ₹1.6 trillion for equipment manufacturers. The brokerage also expects global transmission and distribution capital expenditure to exceed $15 trillion between CY25 and CY50.
Petrol, diesel price hikes in India remain 'very minor' compared with global peers: Hardeep Singh Puri
India's fuel price hikes are minor globally, with the nation ranking second lowest. This stability stems from a focused energy strategy. The government balances energy security with affordability. India is promoting ethanol blending and flex-fuel vehicles. This transition is structural, accelerating cleaner energy adoption across millions of vehicles. Such moves align with India's long-term energy roadmap.
Citi CEO Jane Fraser explains what makes India stand out
Citi CEO Jane Fraser praised India’s focus on energy security, digitalisation and execution-led growth, highlighting the success of India Stack and the country’s renewable energy ambitions. Discussing global challenges, she noted that geopolitical tensions, trade disputes and economic imbalances remain key concerns. Fraser said the upcoming G7 discussions are likely to focus on diversification, stronger global partnerships and harnessing the opportunities of artificial intelligence.
Texmaco, Touax and TrinityRail form railcar leasing venture in India
A new partnership is set to boost railcar leasing in India. Touax Group and TrinityRail Global Inc are joining forces with Texmaco Rail & Engineering Ltd. This collaboration aims to offer advanced railcar designs and leasing solutions. It will combine manufacturing, leasing, and financing capabilities. The venture will support India's growing freight rail market.
Rohit Srivastava sees market near key support, favors metals and pharma
Rohit Srivastava, Founder of Indiacharts and Strike Money, believes Indian markets are nearing a critical support zone and may be in the final phase of the current pullback. He says the broader market remains resilient despite weakness in benchmark indices, which supports the case for a rebound. Srivastava remains positive on metals and pharma stocks, cautious on IT and FMCG, and expects the RBI to focus on liquidity measures rather than rate hikes amid global uncertainties.
Tamil Nadu: 3 lakh students apply for engg course, AICTE yet to approve counselling dates
In Tamil Nadu, a surge of nearly 300,000 students has signed up for engineering programs, highlighting the growing interest in technical education. Although the AICTE is yet to announce specific counselling dates, the Directorate of Technical Education anticipates that this number could climb even higher.
Gold Rises as Dip-Buyers Return After Israel-Lebanon Ceasefire
Gold pushed higher after Israel and Lebanon agreed to a conditional ceasefire, a possible step toward resolving the wider Middle East conflict that’s upended global energy markets and raised inflation risks.
India imports 55% of LPG from the US, 12% from Iran in May
India's LPG imports saw a significant shift in May. The United States became the largest supplier, providing over half of the country's needs. Iran also emerged as a key source, resuming trade after seven years. These changes reflect global energy market disruptions. India is diversifying its LPG sources to ensure supply stability.
Benchmarks pare steep losses; Sensex slides 304 points, Nifty ends below 23,450
The domestic equity benchmarks staged a sharp recovery from intraday lows on Wednesday as bargain hunting emerged after the morning selloff. The Nifty, which slipped to an intraday low of 23,151.50, rebounded nearly 250 points and climbed back above the 23,400 mark in late trade. Sentiment improved as investors accumulated beaten-down stocks. However, caution persisted amid uncertainty surrounding U.S.-Iran ceasefire negotiations, which kept global energy markets volatile and crude oil prices elevated. Despite the recovery, the index settled below the 23,450 level, weighed down by weakness in IT and FMCG stocks. Analysts said the Nifty remains technically weak, with immediate support seen at 23,300 and resistance at 23,600.
Varroc Engineering forms strategic partnership with Suzhou Tolyy Optronics
The collaboration combines Tolyy's display engineering and technology expertise with Varroc's manufacturing capabilities and OEM relationships, enabling localization of advanced display solutions, strengthening the Company's digital cockpit product portfolio, enhancing competitiveness in domestic and global markets and supporting future growth opportunities across passenger and commercial vehicle segments.
BofA sees FY27 earnings growth slowing to 8.5%; capex outlook stays strong
Amish Shah, Head of India Research at Bank of America Global Research, said higher commodity prices, the West Asia conflict and rising inflation could put pressure on growth and earnings in the first half of FY27. However, he believes the government is unlikely to reduce capital expenditure despite fiscal concerns. Shah also highlighted long-term opportunities in sectors linked to energy security, electric vehicles, defence, AI investments and data centres.