Market News
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Indian fund outperforming 98% of peers bets on defense stocks
A $3 billion fund at Kotak Mahindra Asset Management Co. is backing Indian defense stocks, wagering that geopolitical tensions will boost local arms production and support the government’s efforts to lower reliance on imports.
Mutual fund bulls vs FII bears: The Rs 38,000 crore battle for 5 popular bank stocks
Domestic mutual funds bought banking stocks worth Rs 38,000 crore in March, countering heavy FII selling of Rs 60,655 crore during the Iran war selloff. Major accumulation was seen in HDFC Bank, ICICI Bank, SBI, Kotak Mahindra Bank, and Axis Bank. HDFC Bank emerged as the top pick across leading mutual fund houses, according to Prime Database estimates.
Game of cards: Top banking players opt for tight gambit, rivals up the ante
Since the start of the calendar year, major devaluations have hit multiple premium and super-premium cards, shocking the high spenders. No card has been spared, be it the ICICI Emeralde Private Metal (removal of some vouchers for accelerated rewards), American Express Platinum Travel (higher spend milestones for bonus rewards), or Axis Bank (removal of three popular transfer partners without advance notice). HDFC Bank, too, has asked its Infinia customers to clock in annual spends of at least Rs 18 lakh or maintain a total relationship value of at least Rs 50 lakh to retain the by-invite-only metal.
Akshaya Tritiya: Jewellery demand may stay resilient as buyers turn value-conscious, say experts
Akshaya Tritiya on April 19 is set to bring steady to strong jewellery demand in India, with planned design led purchases, growth in lightweight, premium and lab grown diamond segments.
Price hikes, fewer offers put no dent as more new cars hit road
India's car market saw a significant shift in FY26. Sales reached a record high, but the real story is how much consumers paid. Carmakers focused on premium vehicles, increasing prices and reducing discounts. This strategy signals strong underlying demand and improved manufacturer margins. The market is now driven by consumers opting for higher-value cars.
Bosch shares gain after UBS calls ₹9,068 crore deal 'value accretive'
Bosch Chassis Systems India represents the Vehicle Motion division of the Bosch Group in India and is a market leader in automotive safety systems.
Bill Ackman's Pershing Square proposes $64 billion merger with Universal Music Group, could value shares at 78% premium
Bill Ackman's Pershing Square proposed merging Universal Music Group with its investment fund, valuing it at 30.40 euros per share. The deal aims to boost UMG's value through a U.S. listing, despite previous delays and challenges in the competitive music landscape.
Correction in NBFCs, IT and realty offers entry as earnings stay steady: Anupam Tiwari
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may be overstated, with much of the downside already priced in.
Bill Ackman's Pershing Square offers to buy Universal Music for nearly $65 billion: Report
Pershing Square Capital Management has proposed a combination with Universal Music Group NV that would move the listing into a US-based acquisition vehicle in a deal that Bill Ackman’s fund said will value the world’s biggest music label at a 78% premium to its last closing price.
Ola Electric shares rally 33% in three days, market value soars by Rs 3,360 crore. What's behind the surge?
Ola Electric shares surged over 7% on Monday, capping a 33% gain in three sessions, driven by robust March sales, PLI certification for its Roadster X+ motorcycle, and improved service operations. The company achieved over 1,000 daily orders and crossed 1 million cumulative registrations, signaling a strong turnaround and renewed investor confidence in India's EV market.
Prestige Group expands NCR play with ₹4,200 cr Gurugram project
Prestige Estates signs JDA for 17.2 acre premium housing project in Gurugram near Dwarka Expressway, over Rs 4200 crore value, boosting its NCR expansion strategy
Auto stocks rebound up to 1% from early losses as bullish brokerage calls lift sentiment; Maruti Suzuki, ancillaries lead gains
Auto sector rebound was aided by value buying and stock-specific buying interest after a sharp decline earlier in the session.