Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Tourism ministry, Google ink MoU to boost promotion of India's destinations via digital tech
India's tourism sector is set to receive a significant digital boost as the Ministry of Tourism partners with Google. This collaboration will harness AI, data insights, and digital technologies to enhance the promotion of India's destinations, cultural heritage, and experiences for both domestic and international travelers. The initiative aims to create immersive virtual journeys and strengthen the country's global tourism presence through innovative outreach strategies and capacity building.
AI-fuelled chip stock rally hits speed bump despite record quarterly gains
Micron, Intel, AMD, and Sandisk have faced pressure amid concerns about the sustainability of AI-driven stock performance, leading to a global tech sell-off in June. Despite recent declines, semiconductor stocks are still set for record quarterly performances due to strong AI demand.
Stocks to Watch for July 1: Auto stocks, Kotak Mahindra Bank, Prestige Estates, KPIT Tech and more
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd signing a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, here are stocks to track ahead of Wednesday trading session.
KPIT Tech warns of a weak Q1 but the Street may have had an inkling
KPIT Technologies shares slumped more than 6% to emerge as the Nifty 500's second-worst performer on Tuesday, ahead of the company's outlook update flagging a weaker-than-expected Q1 FY27.
UK may intervene in $110 billion Paramount-Warner Bros Discovery deal
Britain is considering intervening in Paramount's proposed $110 billion takeover of Warner Bros Discovery, potentially delaying the deal despite approvals from the US and China. The UK's culture minister has set a July 6 deadline for responses, citing potential impacts on news and on-demand services. This move could trigger reviews by anti-trust regulators, mirroring past actions against major tech acquisitions.
US stock market today: S&P 500, Nasdaq edge higher as tech rally extends; Wall Street eyes strong H1 finish
US stock futures rose as technology and chip stocks continued to rebound, helping Wall Street secure a strong first half of the year. The S&P 500 and Nasdaq 100 saw notable gains, driven by optimism in AI investments, despite geopolitical and inflation concerns.
AI-enabled cyberattacks biggest near-term threat to financial system: RBI
AI-powered cyberattacks are India's top financial system risk, according to the RBI's latest report. Banks and NBFCs are most concerned about these sophisticated threats, though preparedness is uneven. Rising third-party tech dependence and geopolitical uncertainty also heighten vulnerabilities. While institutions are investing more in cybersecurity, employee awareness and forensic capabilities need strengthening to combat evolving threats.
The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chips
DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid persistent inflation and geopolitical risks.
Japan shares extend gains as tech stocks rebound
Investor sentiment remained positive as Japanese companies continued to benefit from optimism over the global growth of artificial intelligence, supported by their strong position and investments in the sector. A weaker yen, which fell to a four-decade low, also boosted the outlook for the country's export-oriented companies by improving their earnings prospects.
China shares rise as stronger PMI data boosts confidence
Official data showed that China's Composite PMI rose to a six-month high of 50.6 in June from 50.5 in May. Manufacturing PMI improved to 50.3, beating market expectations, supported by strong demand for high-tech exports despite trade disruptions linked to tensions in the Middle East. The Non-Manufacturing PMI also came in above forecasts, indicating that business activity in the services sector remained stable.
Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.
Water crisis ahead? PL Capital says water deficit creates Rs 20 lakh cr infra opportunity, picks 3 stocks
India's widening water deficit could create an infrastructure investment opportunity worth over Rs 20 lakh crore over the next decade, according to PL Capital. The brokerage expects sustained growth across water treatment, recycling and wastewater management, and has identified VA Tech Wabag, Enviro Infra Engineers and Denta Water as key beneficiaries.