Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Adani Ports emerges top contender for Karanja Terminal takeover
Adani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port operator has offered full repayment to financial creditors for their outstanding dues. This development follows Prudent ARC's acquisition of nearly all of Karanja's debt, signaling a significant shift in the company's future.
Sterling Bank selects Infosys Finacle SaaS platform for its transformation program
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Sterling Bank of Asia (Sterling Bank), one of the most progressive banks in the Philippines, today announced the bank's decision to select Infosys Finacle Software-as-a Service (SaaS) platform for its transformation program. Sterling Bank has opted to leverage the Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions for its requirements. Through this strategic collaboration with Infosys Finacle, Sterling Bank expects to enhance the experience of both employees and customers, maintain high standards of availability and reliability in its banking services, and reduce operational complexity through automation and digitization, thereby supporting its future growth.
Tata Motors CEO says India growth story will outweigh West Asia war impact on CV demand in long term
Tata Motors anticipates short-term headwinds for commercial vehicle demand due to West Asia war-induced diesel price hikes. However, MD & CEO Wagh remains optimistic, citing India's strong macro-economic growth as a long-term driver for increased road freight and commercial vehicle demand. He also highlighted government initiatives like electrification incentives as positive factors for the industry's future.
HDFC Bank chairman search narrows to 3 candidates as board nears decision
HDFC Bank has shortlisted three candidates for its next non-executive chairman, with the board expected to finalise its recommendation by end-June. The decision is closely linked to CEO Sashidhar Jagdishan’s future and comes amid ongoing governance-related scrutiny.
Tata Motors to invest up to Rs 40,000 crore by FY31
Tata Motors is set to invest up to Rs 40,000 crore over five years, aiming to nearly double its passenger vehicle capacity and introduce new models. The company targets a 20% domestic market share by FY31, with electric and CNG vehicles driving significant growth. This ambitious plan includes expanding its EV lineup and enhancing battery technology to address adoption barriers, positioning Tata Motors for a multi-powertrain future.
India needs to diversify its sources of energy needs, says NITI vice-chairman
NITI Aayog Vice Chairman Ashok Kumar Lahiri highlighted that the West Asia conflict, though a temporary supply chain issue, underscores India's need to diversify energy sources. He expressed optimism about an upcoming India-US trade agreement and advocated for including pharmaceutical products in future FTAs. Lahiri likened the crisis to a manageable 'influenza,' emphasizing the lesson of not concentrating all import and export dependencies.
Finance expert Aswath Damodaran's warning on AI crash: 'When the correction comes, the pain will be more intense'
NYU professor Aswath Damodaran has warned that a future AI market correction could be far more damaging than the dot-com crash, as today's AI boom is being fuelled by massive debt-funded infrastructure spending
IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
Reliance Jio set to file IPO DRHP with SEBI today, Chairman Mukesh Ambani says at AGM
Reliance Industries' Chairman & Managing Director Mukesh Ambani said that the proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capabilities and global value. "I assure you, and all prospective new investors, that a brighter future awaits Jio," he added.
US Fed meeting today: Where to watch FOMC policy outcome live and what markets expect
US Fed meeting today is expected to keep interest rates unchanged, with all eyes on Chair Kevin Warsh’s first press conference for signals on inflation and future policy direction.
Tata Motors PV shares plunge 10% after weaker than expected JLR FY27 guidance
Tata Motors Passenger Vehicles shares dropped significantly. This followed Jaguar Land Rover's investor day where its financial outlook for fiscal year 2027 was revealed. Profitability guidance fell short of analyst expectations. JLR projects revenue growth and improved EBIT margins. North America remains a key focus for future growth. The company plans to invest in new segments and high-potential markets.
Explained - Why Tata Motors PV shares fell 9% on Wednesday
JLR's aspiration is to grow the US business to the size of the entire JLR business today, as highlighted by its management during the investor day, where it also said that it will continue to invest and grow in future high potential markets including India and West Asia.