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Hyundai Motor's South Korean union approves strike action over stalled wage talks
Hyundai Motor's South Korean union members have voted to authorize a strike, signaling potential production halts. This action stems from unresolved wage talks, with the union demanding a significant base pay increase and a substantial performance bonus. They are also seeking assurances on employment and working conditions concerning AI integration, mirroring recent profit-sharing moves by other major tech firms.
Can Info Edge find another Zomato?
With a remarkable track record in consumer technology, involving significant investments in AI and deep tech, Info Edge (India) presents a compelling narrative. But with emerging risks and uncertain cash flows, can it maintain its growth trajectory?
Industry must adopt emerging tech to boost productivity, remain competitive: Steel Minister
Union Steel Minister HD Kumaraswamy has urged the Indian steel industry to embrace emerging technologies like AI and IoT to boost global competitiveness and productivity. Speaking at a digitalization seminar, he emphasized that future success hinges on intelligent ecosystems, not just capacity. The minister highlighted the government's ambitious steel production targets, driven by infrastructure and manufacturing growth, and stressed that digitalization is crucial for long-term survival and enhanced safety.
US tech rally has further to run; India well placed: John Stoltzfus
John Stoltzfus, MD and Chief Investment Strategist at Oppenheimer Asset Management remains positive on the long-term artificial intelligence (AI) and technology investment cycle, expects the Fed to stay on hold, and sees emerging markets outperforming developed peers.
CleanMax bets on big tech, data centres to power next phase of growth
Clean Max Enviro Energy Solutions, India's largest commercial and industrial renewable energy provider, is positioning itself for strong growth as demand from big tech and data centres accelerates. With 3.1 GW of installed capacity and a 5.7 GW contracted portfolio, the company counts Meta, Google, Apple, Amazon and Equinix among its customers. CleanMax plans to add at least 1.5 GW in FY27 and 3 GW over three years, while aiming to double EBITDA. Analysts say its client-focused model and market leadership are difficult to replicate.
FTSE 100 today: Stocks choppy as tech rout meets Hormuz calm By Investing.com - Investing.com India
FTSE 100 today: Stocks choppy as tech rout meets Hormuz calm By Investing.comInvesting.com India
Tech Mahindra's Mohit Joshi Got A 12% Pay Raise In FY26. Here's How It Compares With Employees
Among other key management personnel, Chief Financial Officer Rohit Anand saw his remuneration increase 24.29% including ESOPs and 87.52% excluding ESOPs.
Indian tech’s Nifty share shrinks to record low on AI worries
India’s IT sector is losing dominance in the Nifty 50 as AI disruption fears trigger sustained selling. Its index weight has dropped to a record low, while the Nifty IT index has sharply underperformed. Reduced index weight is also limiting inflows from passive funds, weakening the sector’s overall market influence.
HCLTech, Wipro Ratings Slashed By JPMorgan, Says AI Boom Not Translating Into IT Growth Yet
The brokerage downgraded HCL Technologies, Wipro and Tata Technologies to Underweight from Neutral, while cutting their target prices. JPMorgan lowered its target on HCL Tech to Rs 1,000 from Rs 1,370, cut Wipro's target to Rs 160 from Rs 200 and reduced Tata Technologies' target to Rs 540 from Rs 560.
Tata Sierra EV teaser released: Check launch date, battery options, interior design and other key features
Tata Motors is building anticipation for its upcoming Sierra EV, set to launch in India on June 30. A recent teaser showcases the electric SUV conquering challenging sand dunes, hinting at impressive off-road prowess. The production-spec model reveals distinct EV design elements, a premium interior with advanced tech, and a potential Quad Wheel Drive system, positioning it as a versatile and capable vehicle.
Tech Sell-Off Drags Wall Street Lower as Rate-Hike Fears Grow and AI Stocks Retreat
The S&P 500 fell 1.4% and the Nasdaq dropped 2.2% as investors pulled back from AI-driven tech stocks amid rising inflation concerns and growing expectations of a Federal Reserve rate hike later this year.
Chinese EV makers are shut out of India - but their tech isn't
Despite India's restrictions on Chinese automakers, their electric vehicle technology is finding its way into the Indian market. Tata Motors and JSW Motor are partnering with Chinese firm Chery, utilizing their platforms for EV production. This strategy allows Indian companies to accelerate EV launches while Chinese firms tap into India's growing automotive sector, navigating complex geopolitical sensitivities.