Market News
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China stocks extend losses as Middle East tensions hurt sentiment
Market sentiment weakened after the US increased pressure on Iran by launching new airstrikes and ending a sanctions waiver that had allowed Iran to export oil. The move raised concerns about the future of the temporary agreement reached between the US and Iran on June 17 and created uncertainty over ongoing talks to secure a longer-term peace deal.
Tata Motors charts $100 billion automotive ambition, commits Rs 40,000 crore to India business
Tata Motors aims for a USD 100 billion automotive business by FY31. The company plans substantial capital expenditure for domestic operations and JLR. Passenger vehicles will focus on aspirational products and market share growth. Jaguar Land Rover will contribute significantly to the projected sales figures. Digital technologies and AI are key investments for future operations.
GMR Airports unveils multi-phase expansion roadmap for Nagpur Airport
GMR Airports Limited announced a significant expansion plan for Nagpur Airport. This multi-phase roadmap aims to enhance passenger experience and operational capacity. The project includes an initial investment of approximately Rs 300 crore for immediate upgrades. Future plans envision increasing passenger handling capacity to thirty million annually. The airport will also develop into a major cargo and logistics hub.
Tata Motors PV targets 10x volume growth by FY30; Chairman N Chandrasekaran aims for 20% market share
Tata Motors Passenger Vehicles aims for ten-fold volume growth by FY30. The company targets over 1.2 million vehicle sales and 20 percent market share. Significant investments in digital technologies and AI are planned across the value chain. Collaboration with Jaguar Land Rover leverages complementary strengths in manufacturing and technology. The company is committed to electric vehicle transition and future mobility.
'Smartphone PLI plan exceeds targets, value addition quadruples': Industry informs govt
The commerce ministry questioned the smartphone PLI scheme's success for an extension. Industry data showed production more than doubling and exports rising ten times. Domestic value addition quadrupled, surpassing China's pace over decades. The scheme met all objectives, including exports and job creation. This policy intervention offers valuable lessons for future manufacturing growth.
China Hardens AI Wall: Overseas Access For DeepSeek, Future Models To Be Curbed
Chinese AI models have gained significant traction worldwide with the release of DeepSeek's R1 model last year.
Tarc Ltd reports Rs 602 crore pre-sale during Q1FY27
Tarc Limited reported sales of Rs 602 crore and collections of Rs 305 crore. The company's quarterly pre-sales increased threefold year-on-year. Collections also saw an eighty percent growth, reflecting strong demand. This performance supports construction progress and future luxury developments. Tarc Limited remains focused on execution and customer experience for growth.
Gadkari's Next Big Claim: Delhi Buses To Run On Garbage-Made Hydrogen
Union Road Transport and Highways Minister Nitin Gadkari has claimed that buses in Delhi could possibly run on hydrogen produced from segregated municipal waste in the future.
Laser Power & Infra IPO: From issue price to OFS details - 10 key things investors should know from the RHP
Laser Power & Infra's IPO is valued at ₹742 crore, with shares priced between ₹203 and ₹214. Subscription opens on July 9, 2026, and closes on July 13, 2026. The company focuses on power cables and EPC projects, promising future growth.
Star Plus bets big on premium non-fiction as broadcasters chase new audiences, advertiser interest
Star Plus is strategically re-entering premium non-fiction programming after a long hiatus. The channel has launched India Ke Top 1%, an adaptation of a global quiz show. This move aims to attract wider audiences and deepen viewer engagement. Non-fiction formats offer richer integration opportunities for advertisers and brands. The channel will evaluate future non-fiction investments based on audience reception.
IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E
IIFL initiated coverage on Adani Power with a 'Buy' rating and Rs 240 target price. The brokerage forecasts EBITDA to quadruple by FY33-35E due to growth pipeline. Adani Power is building significant new coal capacity, expanding its operational base. Free cash flow from operations is expected to rise substantially after portfolio buildout. The company also plans future ventures into nuclear and hydro power generation.
Vedanta Aluminium wipes off Rs 25,000 cr worth investor wealth in under a month. Time to buy?
Vedanta Aluminium shares have dropped significantly since their listing date. This decline has erased substantial investor wealth in a short period. However, analysts maintain a positive outlook on the company's future. Structural demand for aluminium is expected to remain strong globally. The company's cost reduction initiatives are poised for future growth.