Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Morgan Stanley Warns of Global Oil Glut, Cuts Outlook on Hormuz
Morgan Stanley said it counted 35 oil and gas tankers exiting the Persian Gulf through the strait on Thursday - the first time the level returned to the 30-to-40 range typical before the conflict started in February.
Stocks in news: Bajaj Auto, ZEE, BPCL, HDFC Bank, HUL, Tata Motors CV
Indian markets saw a subdued trading session on Monday, with key indices declining due to mixed global signals and profit-taking. Several prominent companies like Bajaj Auto, ZEEL, BPCL, HDFC Bank, and HUL are in focus today due to significant corporate developments. These include share buybacks, foreign investments, leadership appointments, and strategic acquisitions, signaling active corporate maneuvering amidst market fluctuations.
Market Pulse: Key triggers to watch before the June 30 trading session
Global cues remain in focus as Wall Street ended higher and Washington prepares for talks with Iran in Doha, while the US Consumer Confidence Index data is due later today. Domestically, Delhi's proposed EV policy and developments around the CFO positions at Axis Bank and HDFC Bank are expected to remain in focus.
The AI boom won't burst all at once. It will pop in 'rolling bubbles': Macquarie
Macquarie expects the AI investment boom to unwind through a series of "rolling bubbles" rather than a single crash, as different segments of the AI ecosystem heat up and cool down over time. Global AI investment has surged to about $850 billion in 2026, far exceeding historical technology booms.
Optiemus commences manufacturing of Quectel wireless modules
Optiemus Electronics (OEL), a wholly owned subsidiary of Optiemus Infracom, has started a strategic manufacturing partnership with Quectel IoT Technologies (Quectel), a global provider of IoT and wireless communication technologies, to locally manufacture advanced wireless communication modules in India. The arrangement marks an important step in strengthening India's electronics manufacturing ecosystem and meeting the growing demand for reliable, high quality connectivity solutions across industries.
Inside Rajesh Exports' paper trail—a complex web of auditors and arms
A limited-purpose, non-statutory opinion issued by KPMG Switzerland for Global Gold Refineries AG (GGR), the firm's Swiss arm, was likely used to prepare the group's consolidated financial statements, documents reviewed by Mint showed.
ET Graphics: From budget to premium, gadget Prices Rise
Indian consumers are facing a significant price hike on smartphones, laptops, and tablets, impacting both budget and premium devices. This surge is primarily due to a global shortage of essential memory chips, as manufacturers divert production towards lucrative AI data center components. A weakening rupee further exacerbates this inflationary trend, making electronics increasingly expensive for the masses.
Apple supplier Tata Electronics tightens internal controls after data breach
Tata Electronics is investigating a massive data leak on the dark web, reportedly exposing thousands of secret client files from Apple and Tesla. The company has restricted internal system access, hired a global consultant for a forensic audit, and informed authorities and clients. Apple's security team is actively collaborating with Tata on mitigation efforts following this significant cybersecurity incident.
Bajaj Auto to push premium motorcycles, turbocharge Chetak in FY27: Chairman
Bajaj Auto is set to bolster its 125cc+ motorcycle range and accelerate the electric Chetak's growth in FY27. The company plans to boost exports amid global market recovery, while also addressing logistics challenges. Strategic investments will focus on product innovation, brand building, and enhancing customer experience, alongside expanding capacity for electric and premium bikes to mitigate supply risks.
Bharti Airtel Stock In Focus As S&P Global Upgrades To BBB+ Over Africa, India Biz Growth
S&P said that a stable outlook reflects its expectation that Bharti Airtel will pay down debt as earnings and cash flows strengthen, while maintaining a supportive leverage tolerance for the 'BBB+' rating over the next 12-24 months.
Stocks in news: Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Tata Motors
Indian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, and Infosys are in focus due to significant developments. Vedanta saw a major promoter stake sale, while Honasa Consumer plans an acquisition. Bajaj Auto reported a ransomware attack, and IRCTC's CMD resigned.
Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics
Syrma SGS Technology's shares jumped nearly 5% after announcing a significant joint venture with Japan's Kaga Electronics. This collaboration aims to establish a cutting-edge manufacturing facility in India, primarily serving Japanese clients and bolstering Syrma's presence in high-value electronics. The partnership, with Syrma holding a 60% stake, is seen as a strategic move to capitalize on global supply chain diversification and India's growing appeal for Japanese manufacturing expansion.