Market News

Hotel giants bet India’s local travel boom can defy slowdown

Major hotel groups are investing heavily in India. They expect a surge in domestic travel to drive growth. This expansion continues despite economic concerns. Prime Minister Modi encourages local holidays. India's tourism market is set for significant expansion. New hotels are planned across the country. This signals a bright future for Indian hospitality.

Mid and smallcaps get the money as Nifty lags

Investors are increasingly bullish on mid and small-cap stocks, reflecting a notable shift in market sentiment. The Advance-Decline Ratio has shown resilience for the past two months, leading to record highs in midcap and smallcap indices. Meanwhile, large-cap stocks are grappling with foreign selling pressure, suggesting that mid and small caps may continue to shine in the near future.

India’s anti-obesity drug market sees slower growth after initial surge in generic semaglutide sales

India's anti-obesity drug market sees a slowdown after initial generic semaglutide sales. Demand has eased from its peak, with growth moderating. Doctors note that physician training and patient education are now crucial for future market expansion. Meanwhile, tirzepatide shows a recovery, maintaining its market position. Competition remains intense with numerous semaglutide brands.

Solar module cos flag cell shortage; makers say demand can be met this year

Solar module makers face challenges with local cell sourcing rules. They report a significant gap between module manufacturing capacity and domestic cell availability. While module capacity stands at 225 GW, domestic cell capacity is only around 30 GW. Cell manufacturers counter that current demand is met and future capacity will suffice.

HC quashes ₹23,600 cr retrospective spectrum dues on Airtel, Voda Idea

The Bombay High Court has cancelled spectrum charges of approximately 23,600 crore rupees for Bharti Airtel and Vodafone Idea. The court ruled the government could not retrospectively impose these charges for the period between 2008 and 2012. This decision removes significant financial uncertainty for the telecom sector. It creates a more supportive environment for future investments in India's telecommunications industry.

Rajesh Exports’ PLI-ACC future to be decided this week

There is a clause in the 2021 scheme's request for proposal to set up battery capacity that allows the ministry of heavy industries to disqualify a company.

Zia Mody On Building India's Top Law Firm, Billion-Dollar Deals & The Future of Law

Indian Companies Pitch Products, Seek Partnerships At Mega Tech Trade Event In Taiwan

Organisers said they hoped to see greater participation from Indian companies in future editions of the exhibition as technology cooperation between the two sides continued to expand.

'Not The Future We Want': Bumble Sounds Alarm Over People Falling In Love With AI Bots

AI companion apps have attracted hundreds of millions of downloads as Bumble warns against replacing human relationships with virtual ones.

IDFC First Bank fraud was isolated case involving collusion: KPMG

A forensic review has confirmed a Rs 646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident. The fraud involved collusion between bank employees, government officials, and third parties. The bank has paid back the principal amount and interest. IDFC First Bank has implemented new controls to prevent future collusion risks at the branch level.

Jharkhand State Cricket Association signs three-year streaming deal with JioHotstar for JT20 League

Jharkhand State Cricket Association has partnered with JioHotstar for digital broadcasting of the Jharkhand T20 League. This three-year deal covers the 2026, 2027, and 2028 seasons. The tournament begins on June 10, 2026. JioHotstar will stream all matches across India. Prominent players are expected to participate. The league aims to nurture future Indian cricketers.

'Looks overpriced': Valuation expert Damodaran puts SpaceX worth well below $1.8 trillion

In a detailed post on X, the New York University professor said the IPO prospectus largely confirmed his earlier assessment of SpaceX as a high-growth but money-losing company whose valuation is driven more by its future narrative than its current financial statements.