Market News

'Insane Bubble, Bigger Than 1999': Zoho's Sridhar Vembu Warns AI-Driven Tech Valuations Stretched

Vembu cited elevated price-to-sales ratios across major technology companies and revived a warning from former Sun Microsystems CEO Scott McNealy to question the sustainability of current market valuations.

Nomura downgrades Cummins India shares to Neutral despite raising target price by 25%. Here’s why

Nomura downgraded Cummins India to “Neutral” despite raising its target price by 25%, citing stretched valuations and near-term margin pressure from rising commodity costs. While the brokerage remains optimistic about long-term growth driven by data centres and emission norm upgrades, it believes the current valuation leaves limited room for further upside.

Tech Mahindra Share Price Live Updates: Tech Mahindra's Current Trading Price

SBI Life Share Price Live Updates: SBI Life's Current Trading Status

JSW Steel Share Price Live Updates: JSW Steel's Current Trading Status

HCL Tech Share Price Live Updates: HCL Tech's Stock Update: Current Price and EMA

Tata Consumer Share Price Live Updates: Tata Consumer's Current Price and Market Performance

PLI 2.0: India bets big on making more of the smartphone at home

India is updating its mobile phone production incentive scheme. The new plan targets over 55% domestic value addition. It will also link with component manufacturing schemes. This aims to boost local sourcing of crucial parts. The government wants to reduce reliance on imports for high-value components. This move follows concerns about current import dependence.

Salary Discontent Grows: 81% Indians To Seek Pay Hikes, 29% Satisfied With Current Wages — Report

Many professionals feel that their current pay no longer matches their financial needs.

PB Fintech Block Deal: Yashish Dahiya, Alok Bansal likely to sell 0.8% stake at ₹1,720/share

The floor price for the block deal has been set at ₹1,720 per share, representing a 3.6% discount to the current market price, as per sources. On Wednesday (May 27), shares of PB Fintech Ltd ended at ₹1,780.20, up by ₹9.20, or 0.51%, on the BSE.

Vijay Kedia wants LTCG tax on equities abolished — says long-term investors must be rewarded

Vijay Kedia advocates for abolishing long-term capital gains tax on listed equities, arguing it would encourage patient capital and entrepreneurship in India. He suggests current tax policy blurs the line between investment and speculation.

InvITs industry pushes for easier M&A rules to boost investor interest

India's InvITs sector, managing ₹7 lakh crore in assets, is urging regulators for simpler M&A rules. Industry leaders want change of control guidelines to match those for listed companies. This aims to attract more investors by streamlining acquisition processes. Current rules can make buyers acquire more units than intended.