Market News
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India is the future and will be one of the biggest markets for us: Airbnb CEO Brian Chesky
Airbnb is significantly expanding its presence in India, driven by a large Gen Z population and the potential of AI. The company aims to become a broader travel and lifestyle platform, leveraging AI to accelerate product development and enhance customer support in this key growth market.
'Playing the long game': Airbnb CEO Brian Chesky eyes India as one of firm's biggest global markets
Airbnb is committed to a long-term strategy in India, a rapidly growing market. CEO Brian Chesky highlighted significant investments planned for the country. India's large Gen Z population and rising middle class are key drivers for Airbnb's future growth.
Banks must compete on customer experience to stay relevant: EY report
Banks must prioritize customer experience to stay relevant, evolving branches into 'phygital' advisory hubs, according to an EY India report. The future of banking hinges on a blend of human interaction and AI, focusing on anticipating needs and providing timely support. While personalization is growing, trust in chatbots lags, highlighting a need for empathy and robust data privacy alongside automation.
Nifty to trade in 28,000–30,000 range in FY27 led by earnings: Smallcase managers
Smallcase managers remain optimistic on India’s equity markets despite the Nifty declining over 9% this year, projecting the benchmark index to reach the 28,000–30,000 range by the end of FY27. They expect future market gains to be driven by earnings growth rather than valuation expansion, with investors focusing on sustainable profitability and execution
SpaceX IPO: The Five Future Businesses Elon Musk Is Betting Billions On
The company admits that predicting the timing, scale, and commercial viability of these sectors is nearly impossible. Even the Earth-bound ideas face intense friction.
WeWork India's revenue rises 23% in FY26 as flex workspace demand surges
WeWork India achieved Rs 2,477.4 crore revenue in FY2025-26, a 23.4% increase. The company expanded its footprint to 8.6 million sq ft across 76 centres. Portfolio occupancy reached an all-time high of 86.9%. WeWork India also became net debt negative for the first time. Enterprises drove 77% of core revenue in Q4 FY26. The company is well-positioned for future growth.
Elon Musk hiring engineers for SpaceXAI, says no prior AI experience needed: ‘Smart humans figure it out fast’
SpaceX CEO Elon Musk has launched a hiring push for “world-class engineers/physicists” for SpaceXAI, saying applicants do not need prior AI experience. The move signals SpaceX’s growing focus on artificial intelligence across rockets, Starlink and future autonomous systems.
ET Alpha Wealth Summit: What AI, oil and geopolitics mean for the next market turn
Amid rising geopolitical uncertainty, AI disruption, and shifting global markets, the ET Alpha Wealth Summit on June 4 will bring top investors, policymakers, and CEOs together to decode risks and opportunities. From market cycles to global allocation strategies, the summit offers a roadmap for smarter, future-ready investing.
Iran war rapidly wiping out the world’s oil stockpile cushion
Global oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels daily. This sharp drawdown reflects severe supply disruptions tied to the Middle East conflict, leading to a tightening market and concerns about future availability.
Gold rate slips on MCX as US Fed minutes hint at potential hikes in near future
MCX gold June futures traded 0.18% lower at ₹1,59,719 per 10 grams around 9:10 am.
China kept building its crude stockpile in April despite Iran crisis
China is accumulating crude oil reserves even as imports decrease. This contrasts with global trends of depleting oil stocks. The nation's refinery processing has also slowed. Analysts suggest China could sustain this inventory build for years. Future import levels and fuel export decisions will determine if China begins drawing down its substantial stockpiles.
Bulls eye strong start as GIFT Nifty signals positive opening for D-St
Nifty closed marginally higher on Wednesday, while broader markets remained subdued. Analysts anticipate continued caution due to a weak rupee, high crude prices, and rising US bond yields. The market sentiment remains weak, with key support and resistance levels identified for potential future movements.