Market News
Stay updated with the latest market trends, earnings, and economic indicators.
All eyes on Kevin Warsh: Will the new US Fed Chair set the tone for rate cuts?
The Federal Reserve, under new Chair Kevin Warsh, starts a two-day meeting on June 16, likely keeping rates unchanged. Investors are focused on inflation and growth outlooks, with mixed economic data and easing oil supply concerns potentially influencing future policy decisions.
Centre urges states to accelerate nuclear power plants and green energy storage
India is accelerating approvals for nuclear power plants and energy storage systems. This push is vital for the nation's growing data and AI centers. States are being urged to speed up clearances for proposed projects. The goal is to ensure a robust energy supply for future power needs. This initiative aims to enhance energy security across the country.
Humanoid robots and self-driving cars could unlock SpaceX's $28.5 trillion market opportunity: Gwynne Shotwell
SpaceX is betting that the rapid adoption of autonomous machines and AI-powered systems will drive unprecedented demand for computing power and global connectivity, positioning Starlink at the centre of a future AI ecosystem.
Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?
Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients.
A veteran short-seller calls SpaceX a 'hopes-and-dreams' IPO; Here's how he justified it
The SpaceX listing has attracted intense investor interest and is expected to be among the largest public offerings in history. However, Chanos argued that much of the valuation is based on ambitious future opportunities rather than existing businesses.
Tata Consumer sees margin boost, targets 20%+ EBITDA: Chairman Chandrasekaran
Tata Consumer Products aims for over 20% EBITDA margin in the long run. Newer businesses like Tata Sampann and acquired entities are key growth drivers. The company plans significant annual growth from acquisitions. Innovation and digital capabilities are also central to future expansion. Revenue and profit saw substantial increases in the last fiscal year.
CNG momentum to stay robust through FY27, Morbi PNG demand set for all-time high
CNG vehicle registrations and industrial gas utilization are poised for remarkable growth. With CNG vehicles presenting significant cost benefits over electric and petrol options, the future looks bright. Gujarat Gas is gearing up for heightened LNG blending to satisfy the soaring demand in Morbi, where industries favor PNG(I) for dependable supply.
'Deal Pipeline Stronger Than Ever': TCS Chairman Highlights Five Areas Powering Future Growth
TCS framed AI as the "most significant opportunity" in the history of the company.
India’s anti-obesity drug market sees slower growth after initial surge in generic semaglutide sales
India's anti-obesity drug market sees a slowdown after initial generic semaglutide sales. Demand has eased from its peak, with growth moderating. Doctors note that physician training and patient education are now crucial for future market expansion. Meanwhile, tirzepatide shows a recovery, maintaining its market position. Competition remains intense with numerous semaglutide brands.
Jharkhand State Cricket Association signs three-year streaming deal with JioHotstar for JT20 League
Jharkhand State Cricket Association has partnered with JioHotstar for digital broadcasting of the Jharkhand T20 League. This three-year deal covers the 2026, 2027, and 2028 seasons. The tournament begins on June 10, 2026. JioHotstar will stream all matches across India. Prominent players are expected to participate. The league aims to nurture future Indian cricketers.
Tata Steel eyes 9% India sales growth this fiscal
Tata Steel aims for a nearly 9% increase in Indian steel sales this fiscal year, leveraging expanded capacity at its Kalinganagar facility. The company is also on track to fully repay overseas subsidiary bonds by fiscal year-end, a move that has significantly reduced its exposure to currency depreciation risks and strengthened its financial flexibility for future investments.
Mastercard to look beyond card biz; target tier 3 & 4 markets for growth
Mastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. Mastercard is focusing on new customer segments and underserved markets. They are also developing solutions for commercial payments. Mastercard aims to be part of all emerging payment technologies.