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AI to remain both the biggest market driver and risk over the coming quarters, says Invesco
David Chao, Global Market Strategist–Asia Pacific at Invesco, believes India's investment case is improving, supported by lower crude oil prices, strengthening earnings expectations and expanding corporate margins. While valuations remain relatively expensive, he expects Indian equities to deliver strong performance in the second half of the year, with financial and banking stocks emerging as key beneficiaries of rising demand for capital.
United Spirits set to cut 100 jobs to curb costs, streamline operations
United Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reduction, impacting mid- to senior-level employees, aims to streamline operations and boost productivity. While the company continues investing in key brands and growth markets, further roles could be affected. This move comes despite strong recent financial performance and ongoing supply chain optimization efforts.
LIC CFO Sunil Agrawal resigns months after his term was extended to March 2027
Life Insurance Corporation of India (LIC) informed the stock exchanges of a change in its senior management, with Chief Financial Officer (CFO) Sunil Agrawal resigning after more than four years in the role.
LIC CFO Sunil Agrawal resigns to pursue other opportunities
Life Insurance Corporation of India (LIC) announced the resignation of its chief financial officer (CFO) and key managerial personnel (KMP), Sunil Agrawal, who has stepped down to pursue better career opportunities.
Stocks To Buy: What about Dalmia Bharat excited Goldman Sachs that prompted a rating upgrade
At the current levels, Dalmia Bharat shares are trading at a one-year forward Enterprise Value / EBITDA multiple of 10.4 times its estimated earnings for financial year 2027 and 9.07 times for financial year 2028. In comparison, the largest player UltraTech, is trading at 18.6 times financial year 2027 and 15.5 times financial year 2028 EV/EBITDA.
Interglobe Aviation among 5 F&O stocks with a sharp rise in futures open interest
Five NSE F&O stocks, including Oracle Financial Services, IndiGo, IRFC, Swiggy and Avenue Supermarts, saw sharp open interest build-up on June 24, signaling heightened trader participation and fresh futures positions.
'There is no quick way to make money': Zerodha's Nithin Kamath issues warning that could save investors millions
Zerodha co-founder Nithin Kamath highlights the persistence of pyramid schemes in India, with many investors misled by promises of easy profits. He cautions that this mindset can lead to significant financial losses, urging individuals to be wary of recruitment-based opportunities.
Capex boom, global sourcing tailwinds fuel textile stock rally
Textile exporter stocks witnessed a significant rally on Wednesday, boosted by positive initiation of coverage from Motilal Oswal Financial Services. The brokerage highlighted capacity expansion and supportive policies as key growth catalysts, projecting substantial gains for leading companies. This surge reflects a new investment cycle in the Indian textile sector, with companies focusing on higher-margin segments and value-added products to capitalize on global sourcing trends.
FPIs continue selling spree in first half of June; financials, oil & gas hit hardest
Foreign investors offloaded shares worth a staggering ₹64,761 crore in the first half of June, the highest since March, driven by elevated oil prices. Financial services saw the largest outflows, followed by oil, gas, and consumable fuels. Automobile and IT sectors also experienced significant selling pressure, with concerns over oil prices and AI's impact on tech revenues cited as key reasons.
Prudential Financial Inc preferred stock hits 52-week low at 16.13 USD By Investing.com - Investing.com India
Prudential Financial Inc preferred stock hits 52-week low at 16.13 USD By Investing.comInvesting.com India
BSNL's corner office goes open market as Centre seeks new CMD
The government is actively seeking a new Chairman and Managing Director for BSNL, opening the door to private sector professionals for the first time. Applicants must meet specific age and financial criteria, with a deadline of July 22. This strategic move aims to bring fresh leadership to the state-owned telecom giant, following an extension for the current interim chief.
Tompkins Financial Corp stock hits 52-week high at 93.1 USD By Investing.com - Investing.com India
Tompkins Financial Corp stock hits 52-week high at 93.1 USD By Investing.comInvesting.com India