Market News
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India missed out on AI, and now its run as market darling may be over
India's stock market faces a significant downturn as global investment shifts towards AI. Foreign investors are leaving, impacting market value. The country's IT sector, a major driver of past success, is now vulnerable to AI automation. This presents a critical juncture for India's economic future and its position in global markets.
Iran war effect: Leading EV two-wheeler makers accelerate expansion amid petrol price worries
Major electric scooter companies are rapidly increasing production capacity. This expansion aims to meet a surge in demand for eco-friendly vehicles. Combined monthly output is expected to nearly double by the end of the fiscal year. This signals a shift towards mass-market adoption. Companies are navigating challenges while betting on strong future growth.
Open to 4-5 acquisitions, but at sensible valuations: Ameera Shah, promoter and executive chairperson, Metropolis Healthcare
Metropolis Healthcare is set for its next growth phase. The diagnostic chain will focus on genomics and specialty diagnostics. Strategic acquisitions will also play a key role. The company aims to expand services beyond pathology. This strategy will drive future growth and strengthen its market position.
Will start introducing India-specific models from 2028, to leverage on 2W biz: Honda Global CEO
Honda plans to launch new car models specifically for India starting in 2028. The company will use its strong motorcycle sales to encourage customers to upgrade to cars. India is a key market for Honda's future growth. Production capacity for two-wheelers will also increase. Honda aims to strengthen its automotive business in India through these strategic moves.
India's EV battery demand to grow 10 times to 200 GWh by 2032: IESA
India's electric vehicle battery demand will surge tenfold by 2032. This growth presents significant opportunities in component localization and supply chain development. The market is transforming with advancements in batteries, motors, and manufacturing. Electric two-wheelers lead sales, but passenger cars and light commercial fleets will drive future expansion. New battery chemistries and motor technologies are emerging.
ET Alpha Wealth Summit: Market titans decode AI, wealth creation & India’s next investment cycle
As markets grow volatile, the Economic Times' Alpha Wealth Summit in Mumbai will gather experts to discuss future wealth creation. Sessions will cover finding alpha, building a Rs 100 crore portfolio in a lower-return environment, and navigating India's next decade amidst AI's rise.
US CPI records biggest jump in 3 years: Can the Fed raise interest rates after hot inflation data?
The US consumer price index has jumped to a three-year high of 3.8%, prompting questions about potential interest rate hikes by the Federal Reserve. Economists weigh in on the impacts of rising oil prices and economic stability, leaving the market in suspense about future monetary policy.
Can Reliance Jio's fresh-issue play restore faith in India's billion-dollar IPOs?
Reliance Jio may change its IPO plan. Instead of existing investors selling shares, it could be a fresh issue. This means money goes directly into Jio Platforms for debt reduction and expansion. This move could restore investor faith in large Indian IPOs. It might set a new standard for future mega listings. The market will watch this development closely.
Top Gainers & Losers on May 11: Swiggy, Tejas Networks, SBI, Tata Motors, Eternal, Anant Raj among top losers
On May 11, the Indian stock market experienced a sharp decline, with the Nifty and Sensex both recording significant drops. Investor sentiment soured due to rising crude oil prices and stalled U.S.-Iran negotiations.
Tata Consumer banks on strong brands, selective price hikes to fuel double-digit growth
Tata Consumer Products is set for strong growth by 2027. The company will use its popular brands and varied products to achieve this. Smart price adjustments will help manage rising costs. Easing coffee prices and stable tea costs also support this positive outlook. Investors are showing confidence in Tata Consumer's future performance and its ability to handle market challenges.
Kissht parent OnEMI Tech shares soar 11% after strong D-Street debut. Should you buy, sell, or hold?
OnEMI Technology Solutions shares saw a strong debut, jumping 11% on their listing day. The company operates digital lending platforms Kissht and Ring. Analysts suggest caution due to potential volatility but highlight the company's customer base and technology. Strong financial growth and a large user base position it for future opportunities in India's credit market.
OnEMI Technology shares to list today. GMP signals at one of the strongest debuts in recent past
OnEMI Technology Solutions, the company behind Kissht, is poised for its stock market debut. Grey market trends suggest a strong listing, with shares expected to trade above the issue price. The IPO saw significant demand, particularly from institutional investors. Proceeds will bolster the company's NBFC subsidiary for future loan growth. Investors anticipate a successful debut for this fintech player.