Market News
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PLI 2.0 calls ring louder: India eyes 35% global mobile output; $130 billion production
India's electronics sector is set to significantly boost global mobile phone production. A new production-linked incentive scheme aims to achieve 30-35% of worldwide output by 2031. This ambitious plan targets substantial manufacturing and export growth. The initiative seeks to strengthen India's supply chain and manufacturing ecosystem.
Hindustan Unilever to focus on regaining market share: Global CEO Fernando Fernandez
Unilever's leader, Fernando Fernandez, has placed his trust in Priya Nair, the head of India operations, as she embarks on a transformative journey to innovate the company’s offerings. Recognizing the challenges posed by rivals, the company is committed to regaining its competitive edge in India.
RedTape acquires global sports footwear brand SPRANDI for India, Nepal, Bhutan, Sri Lanka markets
Shares of RedTape Ltd ended at ₹121.35, up by ₹7.50, or 6.59%, on the BSE.
With sights on huge gains, Biocon to scale up AI focus
Biopharma major Biocon is significantly scaling up its adoption of artificial intelligence across its operations, from R&D to manufacturing and procurement. This strategic investment aims to achieve substantial cost savings, accelerate drug development timelines, and enhance its competitive edge in the global market.
Blue Star braces for a slow summer start
The room air-conditioner industry anticipates a challenging summer. Rising costs from global events and delayed heat are impacting sales. Despite these hurdles, a double-digit growth is projected. Consumers might consider budget-friendly options. Demand is expected to pick up as summer progresses, with projections of above-normal temperatures in many areas.
Should investors buy TCS, Infosys ahead of Q4 results or AI risk too big to ignore?
Indian IT stocks face pressure ahead of Q4 results, with Nifty IT down nearly 20% this year. Investors weigh a potential buying opportunity against structural concerns like weak global demand and the significant impact of AI. Brokerages remain cautious, expecting subdued growth and mixed margins, with a focus on FY27 guidance.
RBI pause now, tightening later: A delicate trade-off with rising tail risks
India's economy faces testing times from rising oil prices and global uncertainty. While growth is solid, it is uneven and vulnerable. Inflation is moderating but fragile. The Reserve Bank of India anticipates a cautious approach to interest rates. Deeper reforms and sharper policy focus are crucial for sustained growth amidst evolving global challenges.
Why BofA takes a contrarian call cutting India’s earnings estimates for second time in a row?
All other EMs are offering much better growth than India, and at cheaper valuations as well, says Amish Shah, head of India research at BofA Global Research
Capital with purpose: How capital markets are shaping the future of medicine with Dheeraj Chinthalapelly
Dheeraj Chinthalapelly, with a decade and a half of experience in global capital markets, shares his journey navigating the biotech investment banking, highlighting his focus on capital raising and mergers and acquisitions. He emphasises the importance of advising companies that bring scientific innovation to patients, navigating the evolving biotech capital markets, and prioritising long-term value creation.
Gold, silver may remain range-bound on West Asia tensions, US data in focus: Analysts
Gold and silver are expected to remain rangebound with a positive bias next week as investors track geopolitical developments in West Asia and key global macro data, analysts said.
US Stock Market | Wall Street pushes Fed rate cut expectations to September amid oil shock
Global investment bank Morgan Stanley now expects the US Federal Reserve to start cutting interest rates in September. This is a shift from its earlier June projection. Rising oil prices due to Middle East tensions are a key reason. Other major banks like Goldman Sachs and Barclays have also revised their forecasts.
Manappuram, Muthoot Finance shares in focus after Gold prices sell-off in global markets
Rising fears of the economic impact of the war, a stronger US Dollar, dwindling prospects of rate cuts from the US Federal Reserve, are all contributing to the downside for bullion. All of these scenarios, are negative for the yellow metal.