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India tops Taiwan to reclaim fifth spot in global market capitalisation
India has surged back to the fifth spot globally in market capitalization, surpassing Taiwan. This marks India's second ascent in recent weeks, having previously overtaken South Korea. The shift comes as Taiwan's AI-driven rally cooled, trimming its market value. Investors are now reassessing stretched valuations and the sustainability of AI spending, impacting semiconductor-heavy markets.
Microsoft shares head for worst month since 2000 as AI concerns wipe out $570 billion
Microsoft shares are heading for their worst month since 2000, falling 17% in June as concerns over heavy AI spending and delayed returns erased $570 billion in value. Weak Azure growth and high capital expenditure outlook weighed on sentiment, though some investors see value at lower valuations.
AI could become the next competitive advantage for renewable energy companies: Report
Artificial intelligence is poised to become a major competitive edge for renewable energy firms, according to a BCG report. The focus is shifting from expanding capacity to enhancing efficiency and value from existing assets. AI can boost worker productivity by up to 25% and improve energy yield, with a strategic approach to a few high-impact use cases proving more effective than numerous experiments.
JioBlackRock enters SIF, launches its first regular-plan product
JioBlackRock enters the SIF segment with a hybrid long-short fund, while ICICI Prudential MF launches a multi-asset active FoF for diversified investing
Used-car market enters new era: Why more Indians are choosing used cars despite rising incomes
India's used car market is booming, projected to hit $70 billion by FY31 as buyers increasingly choose pre-owned vehicles for value and smart ownership. Consumers now seek quality and convenience, with many first-time buyers entering the market through used cars. Organized players are building trust through certification and digital platforms, offering a new-car-like experience. Faster vehicle replacement cycles will further fuel this significant market expansion.
BPCL to buy 40% stake in Shell, Tiki Tar venture to expand value-added bitumen business
Bharat Petroleum Corporation Ltd. is acquiring a 40% stake in Tiki Tar and Shell India for Rs 85 crore, marking its significant entry into India's booming value-added bitumen market. This strategic move aims to capitalize on the nation's infrastructure development, particularly road construction. The joint venture will leverage Shell's technology and Tiki Tar's manufacturing capabilities, combined with BPCL's extensive distribution network, to supply advanced bitumen products for major projects.
PayU swings to Ebitda profit in FY26 as payments, credit businesses rally
Backed by higher-margin products and ecosystem lending, the Prosus-owned fintech firm swung to an $18-million full-year Ebitda profit while exiting lower-value UPI categories.
Vodafone Idea shares end with gains of over 2% after an upmove in the last hour of trade; Here's why
Vodafone Idea shares are likely to see flows worth $25 million for 164.3 million shares in the Nifty 200 Momentum 30 index, $5 million or 33.9 million shares in the Nifty 500 Momentum 50 Index.
BPCL to buy 40% stake in Tiki Tar and Shell India for Rs 85 crore
Bharat Petroleum Corporation is set to acquire a 40% stake in Tiki Tar and Shell India for Rs 85 crore, bolstering its presence in India's expanding value-added bitumen market. This strategic move, approved by DIPAM, aims to capitalize on the nation's infrastructure growth. Tiki Tar and Shell India, a manufacturer and marketer of specialized bitumen products, also exports to neighboring countries.
NBFC stock Aptus Value Housing Finance climbs over 3%; Citi sees over 30% upside potential - Mint
NBFC stock Aptus Value Housing Finance climbs over 3%; Citi sees over 30% upside potentialMint
Nifty indices rejig goes live today: Which stocks will see biggest inflows and outflows?
The NSE’s quarterly index rebalancing takes effect today, triggering significant passive fund flows across Indian equities due to changes in free-float weights. While the Nifty 50 sees limited adjustments, broader strategic indices are witnessing sharper reshuffling.
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.