Economic Times
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Celebrating Fatherhood: Top Brands Unveil Creative Campaigns for Father's Day 2026
ET Mutual Funds reached out to financial experts to advise fathers on building a secure financial future. Experts recommend starting early, ideally in your late 20s or early 30s, to maximize the power of compounding and invest consistently through market fluctuations. Manish Kothari, Co-Founder & CEO, ZFunds emphasizes that while wealth for future generations should be invested aggressively, retirement savings and long-term goals require different risk profiles. Shivam Pathak, CFP and Founder of Asset Elixir, suggests a diversified approach with large-cap funds as a core holding and flexi-cap funds for broader market exposure. Fathers are encouraged to teach their children about saving, spending wisely, and investing early on to instill sound financial habits.
↗ Economic Times
These 9 penny stocks rallied up to 125% in six months. Do you own any? - Hidden Multibaggers
ACE Equity identified nine penny stocks with gains ranging from 25% to 125% in the past six months, exceeding market expectations. These micro-cap stocks met specific criteria of a market capitalization under Rs 1,000 crore, share prices below Rs 20, and minimum trading volume of 5 lakh shares. While penny stocks offer high return potential, they also carry significant risks including low liquidity, volatility, and limited transparency. Investors must be prepared for these challenges and adopt disciplined research and risk management strategies to succeed in this space.
↗ Economic Times
Dividends & bonus issues: LIC, Asian Paints among 35 stocks turning ex-record date this week. How many do you own?
DMR Engineering, Panasonic Carbon India Company, and Sangam India have fixed June 22 as the record date for their respective dividends. On Tuesday, Asian Paints, Hindustan Unilever, and Tata Power Company will pay final dividends of Rs 23, Rs 22, and Rs 2.5 per share respectively. Other companies with record dates on Tuesday include DAR Credit & Capital, Fredun Pharmaceuticals, GNA Axles, and Master Components. On Wednesday, ZF Commercial Vehicle Control Systems India will hold a 5:1 bonus issue. Shankar Buildpro and Wheels India will turn ex-record date for final dividends of Rs 5 and Rs 9.14 per share respectively. On Thursday, Life Insurance Corporation of India, IndusInd Bank, and Supreme Industries will pay final dividends of Rs 10, Rs 1.
↗ Economic Times
Earnings of OMCs seen weak as Q1FY27 under-recoveries bite: Report
PL Research predicts that near-term sentiment in the oil and gas sector has improved after Brent crude prices dropped below USD80/bbl, but persistent volatility in prices and inventory rebuilding will limit further downside. The brokerage firm expects Q1FY27 to weigh heavily on profitability due to under-recoveries of Rs7.0/ltr and Rs10/ltr for MS and HSD respectively. OMCs are facing challenges with LPG under-recoveries, estimated at around Rs500/cyl in Q1FY27. Saudi CP prices are expected to increase by 47% QoQ due to supply constraints, while the rollback of excise duty remains a key risk for earnings.
↗ Economic Times
Lenskart Solutions among top 5 midcap stocks with highest mutual fund buying in May - Top buying
Motilal Oswal Financial Services reported that Lenskart Solutions, JSW Energy, Billionbrains, YES Bank, and Premier Energies were the top five mid-cap stocks with the highest net buying by mutual funds in May. The value changes ranged from Rs 38.3 billion to Rs 86.7 billion, representing monthly percentage increases of between 57.1% and 59.4%.
↗ Economic Times
NFO Watch: 3 mutual funds will open for subscription this week. Check dates and key details - New funds in pipeline
ACE MF, Tata Multi Sector Passive FoF, HDFC Nifty Auto Index Fund, and JM Multi Asset Allocation Fund will open for subscription this week. The funds, which include two passive funds and one actively managed fund, offer a range of investment options with minimum investment amounts ranging from Rs 5,000 to Rs 100. Investors are advised to choose funds that align with their individual risk tolerance, investment horizon, and financial goals.
↗ Economic Times
A stock trader’s guide to navigating rare ‘Super El Niño’
A high probability of a "Super El Niño" event in 2027 could lead to increased global temperatures, impacting power demand, crop yields, and inflation. The phenomenon is expected to negatively affect agricultural production in regions like Indonesia, India, and South America, while potentially benefiting fertilizer and energy companies. The impact on the financial sector remains uncertain, with some banks facing potential risks from weather-sensitive industries.
↗ Economic Times
Equity mutual funds fell upto 6% last week. Check top 5 laggards - Weekly Scorecard
Equity mutual funds saw a correction of up to 6% last week (June 15-19), with DSP World Mining Overseas Equity Omni FoF and HSBC Brazil Fund leading the laggards. The Hang Seng, S&P 500, and Nasdaq experienced declines of 3.69%, 0.71% and 0.62% respectively, while the Dow Jones fell by 0.20%.
↗ Economic Times
Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates
Kevin Warsh, the new chair of the Federal Reserve, significantly reduced the Fed's communication about interest rate decisions. He eliminated forward guidance, a practice that had previously provided market clarity and stability. This move has led to increased volatility in financial markets, with bond yields rising and stock prices falling. While some economists support Warsh's approach, arguing it aligns with past practices of former chair Alan Greenspan, others believe the Fed needs a contingency plan for unexpected economic events. The long-term impact of this shift remains uncertain.
↗ Economic Times
NSE's Rs 30,000 crore IPO set to spotlight exchange's dominance in Indian markets, dependence on options trading: Zerodha analysis
The National Stock Exchange of India (NSE) generated approximately Rs 16,600 crore in operating revenue during FY26, with nearly 79% coming from transaction charges. NSE's reliance on equity options, particularly the Nifty 50 weekly options contract, led to a significant portion of its revenue but also made it vulnerable to regulatory changes like those implemented by the Securities and Exchange Board of India (SEBI) in October 2024. Despite this vulnerability, the exchange reported a profit of nearly Rs 10,000 crore, demonstrating its strong profitability and efficient business model. NSE Clearing Ltd (NCL), its subsidiary, plays a crucial role in guaranteeing settlement of trades, clearing around 88% of cash market trades and 91% of equity derivatives in India. The report concludes that NSE enjoys a privileged position within the financial markets due to its resilience regardless of market fluctuations.
↗ Economic Times
Monsoon risk, younger investor base, and skewed trading activity define NSE outlook: NSE data
The National Stock Exchange (NSE) has flagged monsoon rainfall as a key macro risk for 2026, predicting below-average rainfall across various regions. The report also highlights the emergence of El Nino risk and its potential impact on kharif sowing, reservoir levels, rabi production, and food inflation. The NSE observed a shift in investor demographics, with growth broadening beyond traditional large states, a rise in younger investors, and increasing female participation. Trading activity remains skewed, with a small percentage of high-value investors contributing to the majority of turnover.
↗ Economic Times
Jio Platforms plans $3 billion debt reduction from IPO proceeds
Reliance Jio Infocomm Ltd., the telecom unit of Mukesh Ambani’s conglomerate, filed draft IPO documents on Friday. The offering will include the issuance of up to 270 million new shares and aims to repay existing loans totaling 275 billion rupees ($2.9 billion). Funds from the IPO will also be used for general corporate purposes, including potential business development opportunities. Jio Platforms, the parent company, plans to use the proceeds to prepay its three Eurocurrency facilities totaling 300.6 billion rupees in dollar and yen terms.
↗ Economic Times
Free shares! NSE IPO DRHP reveals curious case of 5,000 shares landing in wrong demat account
NSE and Nuvama Wealth Finance filed a civil suit in the Delhi High Court against Kashmiri Lal Rana and NSDL, alleging that 5,000 shares were mistakenly credited to Rana's account. The exchange also filed a criminal complaint against Rana for allegedly selling these shares. Separately, an individual named Parinay Sharma filed a petition in the Bombay High Court against SEBI and NSE, alleging that certain investors had invested through Mauritius-based entities instead of direct investments. The matter remains pending in all cases.
↗ Economic Times
Jio IPO: Meta, Google among 10 global investors that backed billionaire Mukesh Ambani’s digital giant
Reliance Industries' (RIL) subsidiary, Jio Platforms, is launching an IPO with a fresh issue of 27 crore shares. The company plans to use the proceeds to prepay borrowings and for general corporate purposes. The listing marks a significant milestone for RIL as it allows existing shareholders to remain invested while offering a new investment opportunity for others. Meta, Google, Saudi Arabia's Public Investment Fund, and other prominent investors are among the largest shareholders in Jio Platforms, but none of them are selling shares in the IPO. Mukesh Ambani, Chairman of RIL, described the listing as an emotional milestone for the group and its shareholders.
↗ Economic Times
Dalal Street Week Ahead: Lower volatility signals calm, but resistance looms large
Nifty continues to trade within a broad trading range, with resistance near the 24,500-24,850 zone. The index is currently below key moving averages and facing resistance from the 20-week MA at 24,027. Market participants are advised to avoid aggressive trading and focus on stock-specific strategies while monitoring the index's behavior around the identified resistance band. The Relative Rotation Graphs® indicate that the Nifty Media, Midcap 100, and Energy Sector Indices are outperforming the broader market, while the Nifty Metal and PSE Indices are weakening.
↗ Economic Times
Tata Technologies among top 5 smallcap stocks that saw highest mutual fund buying in May - Top buying
Motilal Oswal Financial Services reported that Tata Technologies, Pine labs, Indraprastha Gas, JSW Cement, and Manappuram Finance were the top five small-cap stocks with the highest net buying by mutual funds in May. These companies saw significant value changes, ranging from Rs 3 billion to Rs 31.5 billion, with monthly percentage increases varying between 10% and 28%.
↗ Economic Times
Bitcoin remains resilient at $63,600 amid steady ETF inflows and institutional buying
Bitcoin and Ethereum prices saw gains over the past 24 hours, with Bitcoin trading near $63,000. Piyush Walke, a Derivatives Research Analyst at Delta Exchange, noted that institutional investors are accumulating during uncertain periods, while traders seem more focused on liquidity conditions than geopolitical developments. WazirX market’s desk reported continued ETF inflows and strategy additions to Bitcoin holdings.
↗ Economic Times
NSE IPO: Nithin Kamath explains why India has few businesses like this ‘cash generating machine’
Kamath, a prominent figure in the Indian financial sector, highlighted NSE's impressive profit generation and dividend distribution practices. He argued that this trend is likely to continue even after the exchange's listing due to regulatory restrictions limiting investment options. He suggests that tax arbitrage between dividends and capital gains incentivizes companies to reinvest profits for growth, potentially hindering profitability-driven cash returns. Kamath also revived the debate on double taxation of corporate profits, advocating for a more balanced approach to taxation across dividend income and capital gains.
↗ Economic Times
Leader's Premium: The math behind Jio Platforms' price
Jio Platforms, a leading Indian telecom company, plans to raise up to ₹42,000 crore through the issuance of 270 million fresh equity shares. This will increase its market capitalization to over ₹12-14 lakh crore and give it a P/E multiple between 40 and 46, while its EV/EBITDA is expected to be 16-19 times operating profit before depreciation and amortisation. Despite being smaller in revenue and profits compared to global telecom giants like T-Mobile, Verizon and AT&T, Jio Platforms boasts a significant valuation premium due to its pureplay 4G and 5G network and proprietary digital platforms.
↗ Economic Times
Luxury homes emerge as wealth play? Madhusudan Kela buys apartment at DLF’s The Dahlias
DLF has sold a residential apartment in its luxury project The Dahlias in Gurugram to Kela for Rs 120.71 crore, reflecting the growing demand from high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) for premium residential assets. The transaction comes as DLF continues to benefit from robust demand for luxury housing, with pre-sales surging 95% year-on-year in Q4FY26. Experts attribute this trend to the increasing view of luxury real estate as a long-term wealth preservation asset, driven by capital allocation strategies and India’s growing affluent population. Gurugram is considered a prime investment market due to its infrastructure development, corporate ecosystem, and strong end-user demand.
↗ Economic Times
Ceasefire hopes between US and Iran drag oil prices lower: What lies ahead?
Oil prices have fallen due to easing tensions between the US and Iran, leading traders to unwind risk premiums. However, uncertainty remains as a definitive ceasefire agreement is yet to be finalized. The Strait of Hormuz has seen gradual normalization in shipping flows, but security concerns persist. While lower oil prices offer benefits for importing countries like India, they could also lead to supply glut and revenue shortfalls for exporting nations. Global economic implications include reduced inflationary pressures and potential growth stimulation. The market remains highly sensitive to geopolitical developments, with price fluctuations possible depending on the success of the ceasefire agreement.
↗ Economic Times
Betting on India’s travel boom? Motilal Oswal sees TBO Tek and Ixigo as key beneficiaries
The online travel market in India is expected to grow significantly, driven by factors like rising disposable incomes and AI-powered personalization. TBO Tek and Ixigo are two prominent players in this sector, with TBO Tek experiencing strong revenue growth fueled by acquisitions and Ixigo leveraging its multi-app strategy for consumer engagement. The industry's future success hinges on technological advancements, supplier network depth, and the ability to cross-sell complementary travel services.
↗ Economic Times
Abu Dhabi Investment Portfolio: 10 stocks rally up to 106% in CY26, 2 new picks added in Q4 - Portfolio check
The equity portfolio of the Abu Dhabi Investment Authority (ADIA) has experienced a 30% gain in CY26, with holdings in 26 publicly listed Indian companies. Amongst these, several stocks have delivered positive returns, including Paras Defence And Space Technologies, Data Patterns (India), and TD Power Systems. However, some stocks such as Sapphire Foods India and Firstsource Solutions have declined significantly. The portfolio also includes two new additions, Firstsource Solutions and Coforge, added during the March 2026 quarter.
↗ Economic Times
Jio IPO: Spectrum acquisition, among 7 risks investors need to know about India’s largest offer
Reliance Industries Limited (RIL) is set to list its digital business in a major milestone, raising an estimated Rs 27,500 crore. The IPO comes amidst robust operating performance for the telecom giant, with revenue and profit both up year-on-year. However, investors should be aware of potential risks including spectrum acquisition challenges, regulatory hurdles, high capital needs, vendor dependence, intense market competition, infrastructure concentration risk, and cybersecurity threats. These factors could impact Jio's network quality, financial performance, and growth prospects.
↗ Economic Times
The crypto-treasury dream unravels after a 90% stock plunge
ReserveOne Inc., a cryptocurrency asset manager with prominent associates including former US Commerce Secretary Wilbur Ross, was set to merge with a special-purpose acquisition company, M3-Brigade Acquisition V Corp., but the deal fell through. This is indicative of broader challenges facing digital-asset treasury companies (DATs) as they attempt to go public via SPACs due to market downturns and declining cryptocurrency prices. Other DATs, like Avalanche Treasury Corp., have also experienced significant losses since their initial public offerings. The failure of these deals highlights the difficulties faced by companies trying to replicate the success of Michael Saylor's strategy for accumulating Bitcoin through publicly traded companies.
↗ Economic Times
The crypto-treasury dream unravels after a 90% stock plunge
ReserveOne Inc. and M3-Brigade Acquisition V Corp. terminated their planned merger after the deal became financially unviable due to the decline in cryptocurrency prices. The two firms had agreed to combine, but investors believed shares would trade at a discount to net asset value. Other digital-asset treasury companies, such as Avalanche Treasury Corp. and BSTR Holdings Inc. have also faced similar challenges with their SPAC deals. The market downturn has led to a significant drop in the value of publicly traded DATs, highlighting the difficulties of this strategy. The future of DATs remains uncertain, with many experts believing that only companies with genuine operating models will succeed long-term.
↗ Economic TimesSBI Funds Management gets Sebi nod for IPO
SBI Funds Management, a joint venture between State Bank of India and Amundi India Holding, is planning an initial public offering (IPO) through an offer for sale (OFS). The OFS will involve the sale of 20.37 crore equity shares by existing shareholders, with SBI selling 12.8 crore shares and Amundi selling 7.5 crore shares. The issue is expected to represent approximately 10% of SBI Funds Management's paid-up equity share capital. The book-running lead managers for the IPO include Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities and Capital Markets, ICICI Securities, Jefferies India, JM Financial, Motilal Oswal Investment Advisors and SBI Capital Markets.
↗ Economic Times
Reliance unveils India's biggest IPO plan as Jio Platforms files DRHP
Jio Platforms, a subsidiary of Reliance Industries (RIL), is planning an IPO that could raise up to $138 billion, making it the second-largest in India. The initial public offering will involve a fresh issue of 270 million shares, representing 2.9% of JPL's total equity. The proceeds from the IPO will be used to pay off loans and for general corporate purposes. Jio Platforms is expected to allocate up to 50% of the net proceeds to qualified institutional buyers, including anchor investors, while at least 35% will be reserved for retail investors and not less than 15% for non-institutional investors. The IPO will be managed by a consortium of 19 book-running lead managers.
↗ Economic Times
IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Accenture, a leading Indian-listed IT company, experienced its worst trading day in history after reporting guidance that triggered a sell-off. The Nifty IT index fell as much as 6.4%, with other major players like Infosys and TCS also experiencing significant losses. Analysts believe the stock market is pricing in the negative news surrounding Accenture's performance, but lack of clarity on future growth prospects for the sector remains a concern. Investors are advised to wait for further updates before making any investment decisions.
↗ Economic Times
'Barack, look at me': Michelle Obama’s emotional words about marriage and life bring Barack Obama to tears. Watch
Michelle Obama delivered a heartfelt tribute to her husband, Barack Obama, at the unveiling of the new Obama Presidential Center in Chicago. She praised his achievements and highlighted their family's values, emphasizing that the center represents more than just the former president or administration. Barack Obama responded with humor and gratitude, acknowledging Michelle's emotional speech and expressing his love for her and their daughters. He also reflected on his connection to Chicago and shared a message of hope and civic engagement. The event celebrated the Obamas' personal journey and legacy while emphasizing the importance of democracy and public service.
↗ Economic Times
AI fear over IT overdone, but near-term pain likely to persist: Seshadri Sen
Sen, a prominent analyst, believes the IT sector's valuation is becoming attractive despite persistent AI fears. While acknowledging short-term pain in the sector, he sees long-term potential and recommends a cautious approach. Accenture’s performance suggests minimal earnings downgrades, but sentiment remains weak until clarity on AI impacts emerges. He prefers domestic consumption-oriented sectors like industrials and financials, particularly small and midcap banks with strong FDI inflows. RBI is expected to maintain its current monetary policy stance, while he anticipates a positive trend in corporate earnings growth for FY27.
↗ Economic Times
Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?
The Nifty IT index plummeted to its lowest point since April 2023, dropping over 6% due to concerns surrounding Accenture's lowered FY26 revenue growth guidance and a broader cautious outlook on discretionary spending in the IT consulting sector. Accenture, a major player in the industry, saw its share price fall by 11%, impacting other Indian IT companies like Infosys, TCS, and Wipro. While some analysts believe buying opportunities may exist at lower valuations, others remain cautious about the future of traditional IT services. Technical indicators suggest continued bearish momentum for the index.
↗ Economic Times
Infosys share price: Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit lowest level in almost 6 years
Infosys ADRs experienced a significant drop following Accenture's softer outlook on discretionary spending in IT consulting and digital transformation projects. This development has raised concerns among investors about the impact of rising interest rates and inflation on enterprise spending, particularly for Indian IT companies that rely heavily on North American markets. The US Federal Reserve's hawkish stance also contributed to market volatility, further impacting investor sentiment.
↗ Economic Times
Vedanta Aluminium, other demerged stocks surge up to 5%. Which has been the best performer since market debut?
Vedanta's mega demerger concluded with the market debut of four new companies: Vedanta Iron and Steel, Vedanta Aluminium Metal, Vedanta Oil and Gas, and Vedanta Power. The shares of these entities experienced varying levels of volatility, with some exceeding their listing prices while others fell. Harshal Dasani, Business Head at INVasset PMS, advised investors to focus on the underlying business quality rather than price action when evaluating the newly listed companies.
↗ Economic Times
Multibagger Paras Defence shares rocket 28% in just 3 sessions. What’s behind the stellar rise?
The stock price of Paras Defence has surged over 120% in the past six months, driven by a strong push in India's defense manufacturing ecosystem. The Ministry of Defense reported that indigenous defense production reached Rs 1.78 lakh crore in FY26, marking a significant increase from previous years and contributing to record defense exports. Prime Minister Narendra Modi, through the Aatmanirbhar Bharat initiative, has spearheaded this growth, which is reflected in the government's commitment to self-reliance in defense manufacturing. This positive outlook is also supported by institutional investors who have increased their exposure to Paras Defence.
↗ Economic Times
Jio IPO: Akash, Isha and Anant Ambani to lead IPO process, says Mukesh Ambani
Mukesh Ambani, chairman of Reliance Industries, announced that the company will file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) today, signaling the imminent launch of Jio's IPO. Ambani emphasized the significance of the listing, highlighting Jio's growth as a testament to Indian engineering prowess and its potential for global impact. He also noted that the company has crossed 524 million users and 268 million 5G subscribers, positioning it as the largest single-country operator outside China. Akash Ambani, Reliance Jio Infocomm Chairman, and other executives will lead the IPO process.
↗ Economic Times
Iran-US sign 14-point deal at Versailles: In 1919, the same place hosted a treaty after World War I that created conditions for World War II
The memorandum of understanding (MoU) between the United States and Iran aims to end a costly confrontation in the region, reopening the Strait of Hormuz for commercial shipping and easing sanctions. The agreement includes phased easing of sanctions, potential return of Iranian oil exports, and release of frozen financial assets. Iran has committed to keeping the Strait open and not developing nuclear weapons. However, key questions remain regarding long-term monitoring, enforcement mechanisms, and responses to breaches. The success of the agreement hinges on negotiations over the next 60 days, with the potential for regional players like Israel to influence its outcome. The MoU is seen as a starting point rather than a final peace agreement, with risks including military incidents, disagreements over sanctions, and disputes over nuclear commitments.
↗ Economic Times
Banking liquidity falls to fiscal-year low, pushes up money market rates
Indian banking system liquidity fell to ₹4,772 crore as of June 17th due to advanced tax outflows. Economists estimate that approximately ₹2 lakh crore exited the banking system during quarterly advance tax outflows. The Reserve Bank of India (RBI) is currently bridging the liquidity deficit through Variable Rate Repo (VRR) operations. Sengupta, chief economist at IDFC First Bank, expects system liquidity to improve in the second quarter due to RBI measures to attract foreign inflows.
↗ Economic Times
NSE IPO Bonanza: PSU banks, insurers and early investors eye huge gains
SBI, Bank of Baroda, and other public sector banks and insurers are poised to reap substantial gains from the sale of shares in the National Stock Exchange (NSE) Initial Public Offering (IPO). These institutions, which acquired their stakes in the early 90s, are expected to generate over ₹5,000 crore for SBI alone. Other institutional shareholders like LIC, SBI Capital Markets, and PI Opportunities Fund I will also see significant profits from their holdings. Individual investors who did not participate in the IPO stand to benefit as well.
↗ Economic Times
ICICI Prudential AMC shares fall 2% as IPO lock-in expiry frees up Rs 1.2 lakh crore stake for trade
ICICI Prudential AMC's shares have experienced volatility since their December 2022 IPO debut, fluctuating between a record high and a recent low. The company reported strong financial performance in its Q4 FY25 results, with a significant increase in profit after tax and operating profit. The mutual fund provider also highlighted its robust retail reach and extensive distribution network, boasting over 17 million investors and 1.14 lakh partners across India.
↗ Economic Times
Turtlemint Fintech's Rs 883 crore IPO opens for subscription. Check brokerage review, GMP and other details
Turtlemint, a technology-enabled insurance distribution platform, is launching an IPO with a total issue size of Rs 883 crore. The price band for the shares is Rs 144-152 per share. The company plans to use the proceeds from the IPO for various purposes including technology and product development, cloud infrastructure, marketing initiatives, lease payments, working capital requirements, and inorganic growth opportunities. SMIFS has assigned a 'Subscribe' rating to the IPO while Swastika Investmart gave an 'avoid' recommendation.
↗ Economic Times
Amber Enterprises shares jump 3% after manufacturing partnership with Oppo India
Amber Enterprises has entered into a manufacturing collaboration agreement with Oppo India, a leading smartphone manufacturer, to produce mobile phones for the brand and its subsidiaries, OPPO, OnePlus, and Realme. The partnership leverages Amber Group's manufacturing scale and expertise in India while combining global product knowledge with local supply chain strengths. The companies aim to generate operational synergies and strengthen their position as preferred B2B manufacturing partners.
↗ Economic Times
Amber Enterprises shares jump 3% after manufacturing partnership with Oppo India
Amber Enterprises, a manufacturing company in India, has partnered with Oppo India to manufacture smartphones for the brands OPPO, OnePlus, and Realme. The collaboration leverages Amber Group's manufacturing scale and expertise, while Oppo India benefits from enhanced domestic value addition. The agreement is expected to generate operational synergies and strengthen Amber Enterprises' position in the Indian electronics manufacturing sector.
↗ Economic TimesSpaceX bankers prepare for bond sale of at least $20 billion
SpaceX, the rocket and satellite company founded by Elon Musk, is planning to issue investment-grade US dollar bonds for the first time. The bond proceeds will refinance a temporary $20 billion bridge loan that matures in September 2027. Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley are expected to run the deal, according to people familiar with the matter. The company's historic initial public offering has made it one of the world’s most valuable public companies, but it also faces challenges from its high debt load.
↗ Economic Times
US stocks: US market's indexes advance with boost from chips, Iran optimism
The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experienced gains on Thursday, with the Philadelphia semiconductor index leading the way. Intel's shares reached a record high after President Donald Trump announced an agreement between Apple and Intel to design and manufacture chips in the U.S. Oil prices fell to their lowest levels since early March following an interim agreement between the U.S. and Iran, while SpaceX saw its stock price decline for a second consecutive day. The market's performance was influenced by investor reactions to Kevin Warsh, the new chair of the Federal Reserve, who signaled a commitment to curbing inflation.
↗ Economic Times
Madhu Kela to become investor in Lloyds Engineering as part of SISCOL acquisition, to receive nearly 73 lakh shares
Lloyds Engineering is acquiring a 52.16% stake in SISCOL for approximately Rs 635.4 crore through a combination of cash and share swap. The acquisition will expand Lloyds Engineering's presence in engineering, structural fabrication, and EPC services, positioning the combined entity to undertake large infrastructure projects. The transaction values SISCOL at around Rs 1,220 crore and involves preferential allotments for both cash and shares. Shareholder approval is required for the proposals at an extraordinary general meeting scheduled for July 15th.
↗ Economic Times
Waterways Leisure Tourism announces price band for its IPO opening on June 23
Waterways Leisure Tourism, India's largest cruise operator, is planning an IPO to raise Rs 480 crore. The funds will be used for operational expenses and fleet expansion, including the addition of Norwegian Sky and Norwegian Sun. The company reported a significant increase in revenue and net profit in FY26, driven by growing interest in Indian cruise tourism. Centrum Capital is managing the IPO.
↗ Economic Times
Sebi board to consider reintroducing open-market window for buybacks on Friday
The Sebi board is considering proposals to improve market efficiency. These include reintroducing open-market share buybacks through stock exchanges with shortened execution timelines, and a new green-channel mechanism called GARUDA for alternative investment funds (AIFs) that will streamline fundraising processes. Additionally, the board will likely consider allowing mutual funds to use intraday borrowing lines for a wider range of cash management needs beyond just redemption payouts.
↗ Economic Times
Sebi proposes easing margin trading funding rules, tighter broker norms
The Securities and Exchange Board of India (Sebi) has released a consultation paper outlining reforms to the Margin Trading Facility (MTF) framework. These proposals include raising the minimum net worth requirement for brokers offering MTF, allowing LLPs to provide the facility, expanding funding avenues for brokers through non-convertible debentures, and streamlining collateral management. The regulator also proposes changes to address operational challenges arising from stock reclassification and broker exposure limits. Public comments are invited before the proposals are finalized.
↗ Economic Times
Burmese pythons in Florida are changing Everglades in a surprising way: Study reveals giant snakes are spreading seeds
Scientists from the University of Florida, the US Geological Survey, and the Conservancy of Southwest Florida discovered that Burmese pythons in South Florida may be indirectly influencing plant spread through their digestive systems. Researchers found 25 different types of seeds inside python samples, including those from native plants like cabbage palm and creeping cucumber. The study suggests that these snakes may transport seeds after eating animals that have consumed the fruits, a process known as secondary seed dispersal. This could impact the balance of vegetation in the Everglades, potentially affecting both native and invasive plant species. The research highlights the unexpected ways invasive species can influence ecosystems.
↗ Economic Times
Accenture cuts revenue outlook, stock crashes 11% in pre-market trading
Accenture revised its revenue growth forecast for fiscal year 2026 to 3%-4%, down from 3%-5%. The consulting giant also announced acquisitions of cybersecurity companies runZero, NetRise, and Dragos, aiming to strengthen its cybersecurity offerings. Accenture's shares fell over 11% in premarket trading due to the weaker outlook and lower-than-expected fourth-quarter revenue forecast. The company cited a challenging macroeconomic environment and client spending delays as factors for the revised guidance.
↗ Economic Times
Nykaa shares jump 8% to fresh 52-week high after unveiling FY30 roadmap; targets up to 3x revenue growth
Nykaa, aiming to reach a $5 billion gross merchandise value (GMV) by FY30, announced ambitious growth plans for its beauty and lifestyle business. The company expects 2-3x revenue growth, translating into 4-5x EBITDA growth with disciplined execution and capital-efficient investments. Falguni Nayar, CEO of Nykaa, highlighted the growing Indian consumer market and Nykaa's expansion into adjacent categories like wellness. The company reported strong financial performance in FY26, including a 28% rise in GMV to Rs 5,241 crore and a nearly tripled net profit.
↗ Economic Times
Nykaa shares jump 8% to fresh 52-week high after unveiling FY30 roadmap; targets up to 3x revenue growth
Nykaa, aiming to reach a $5 billion gross merchandise value (GMV) by FY30, plans for 2-3x revenue growth and 4-5x EBITDA growth. The company expects this growth to be driven by disciplined execution, operating leverage, and capital-efficient investments. Falguni Nayar, CEO of Nykaa, believes the next decade will be crucial for India's lifestyle economy as rising affluence and digital adoption drive higher discretionary spending in beauty, fashion, and lifestyle. Nykaa has seen a significant increase in GMV over the past six years, with beauty scaling 6x, fashion 27x, and House of Nykaa 10x.
↗ Economic TimesInfosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?
The Nifty IT index fell nearly 2% on Thursday, marking the sector's first decline in three sessions. The US Federal Reserve held interest rates unchanged but signaled a potential rate hike later this year due to persistent inflation concerns. This news impacted IT stocks, with shares of companies like Infosys, Tech Mahindra, and TCS declining. Traders now expect the Fed to raise rates by 25 basis points in December, according to CME Group's FedWatch tool.
↗ Economic Times
Vedanta Iron and Steel shares hit 5% upper circuit for fourth straight day, surge 20% since listing
Premji Invest, through its investment vehicle PI Opportunities AIF V LLP, acquired nearly 4.84 crore shares of Vedanta Iron & Steel in a bulk deal, signaling confidence in the newly listed entity. This purchase boosted investor confidence and contributed to the company's market capitalization climbing to nearly Rs 9,521 crore. The rally is also driven by optimism surrounding Vedanta's demerger strategy, with investors anticipating potential value unlocking for the standalone businesses.
↗ Economic Times
IFCI, HFCL among 14 stocks that rallied up to 50% in just one month - Do you own any? - Hidden Market Rally
The BSE Sensex and BSE 500 indices experienced modest gains over the past month, but a significant number of individual stocks within the BSE 500 demonstrated strong performance. Nearly 92 stocks delivered double-digit returns, with 14 stocks experiencing rallies of 25% to 50% in just one month. These include companies like TIL Creatives, Aegis Logistics, and Tejas Networks.
↗ Economic Times
NSE IPO to create significant value for investors; Tata Motors a strong long-term bet: Dipan Mehta
Mehta, a prominent investor, believes the upcoming NSE IPO will provide significant value unlocking for existing shareholders and improve liquidity. He sees the exchange as a compelling investment opportunity in the fintech sector, with potential for attractive valuations and transparent trading. He cautions investors to consider regulatory changes, particularly those related to options trading, while advising caution regarding the automobile sector due to headwinds such as delayed monsoons, rising input costs, and the industry's shift towards electric vehicles. Mehta remains optimistic about Tata Motors long-term prospects, citing its strong product pipeline, electric vehicle strategy, and improving domestic passenger vehicle business performance. He believes the stock offers meaningful upside for investors with a long investment horizon.
↗ Economic Times
En route to D-Street: NSE files draft papers with Sebi
Hyundai Motor India's ₹27,000 crore issue in 2024 will see the National Stock Exchange of India (NSE) listed on the BSE. The offer for sale (OFS) involves a clutch of public sector and foreign institutions selling their stakes, with State Bank of India, MS Strategic (Mauritius), and Canada Pension Plan Investment Board among those participating. The IPO has been one of India's longest-awaited and closely watched, with initial approvals delayed due to co-location case concerns. The NSE filed two applications in June 2025 to settle the long-standing cases and is now expected to proceed with the IPO.
↗ Economic Times
FPIs pump record funds into G-Secs after policy shift
Foreign portfolio investors (FPIs) have seen a surge in inflows through the fully accessible route (FAR) in June, reaching record highs. The government's recent measures to simplify investment processes and remove restrictions on investments have boosted investor confidence. HDFC Bank, for example, successfully raised $750 million in offshore bonds, highlighting the attractiveness of Indian debt securities. The momentum will depend on factors like geopolitical stability and potential inclusion of Indian sovereign debt in major global bond gauges.
↗ Economic Times
Dividend alert! Last day to buy HDFC Bank, Tata Motors PV, 14 other stocks for dividends worth Rs 248
SEBI's T+1 settlement cycle requires investors to buy shares before the record date for dividends. Several companies, including HDFC Bank, Tata Motors Passenger Vehicles, and Tata Communications, have announced final dividends for their fiscal year 2026. These include a final dividend of Rs 13 per share from HDFC Bank and a final dividend of Rs 3 per share from Tata Motors Passenger Vehicles. Other companies, such as Tata Communications, HDFC Life Insurance Company, and Sanofi Consumer Healthcare India, have also set record dates for their dividends.
↗ Economic Times
Vedanta Aluminium shares jump over 3% after Citi, Kotak initiate with Buy, see up to 29% upside. Here’s why
Citi and Kotak Institutional Equities have issued bullish price targets for Vedanta Aluminium shares, citing positive aluminium market outlook, growth potential, cost focus, and improving leverage. These analysts predict a 20% to 29% upside from the current stock price, driven by strong global demand for aluminum in sectors like EVs and renewables. SBI Securities also highlights the company's structural advantage as a pure-play aluminum producer with integrated cost efficiencies and favorable operating leverage. Vedanta Aluminium shares debuted on the NSE at Rs 522 apiece, surpassing its parent company in market capitalization.
↗ Economic Times
NSE IPO: IFCI, IDBI Bank, SBI, other stocks gain up to 3% as NSE files for India's largest IPO. Who else is selling stake?
NSE filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator SEBI on Wednesday, setting the stage for a long-awaited IPO that could raise up to $3 billion. The exchange's maiden public offering will entirely comprise an offer for sale (OFS) of shares by several institutional investors, including Tiger Global Five Holdings, Aranda Investments (Mauritius) Pte, and SAIF II-SE Investments Mauritius. IDBI Bank, IFCI, SBI, Bank of Baroda, HDFC Life Insurance Company, and Bajaj Holdings & Investment have seen significant stock price surges in recent days due to the anticipated IPO.
↗ Economic Times
Fed begins Warsh era with rate hold, sees hike possible later in 2026
The Federal Open Market Committee (FOMC) released a revised policy statement that removed guidance about future rate moves and signaled a shift in monetary policy. The updated statement, approved unanimously, reflects the influence of new Chairman Kevin Warsh, who has been critical of the quarterly Summary of Economic Projections. Warsh's early actions include removing language suggesting further rate cuts this year and emphasizing strong productivity growth and capital investment. New projections show inflation slowing sharply next year, allowing rates to return to current levels by the end of 2027. The statement also reaffirms the central bank's commitment to price stability.
↗ Economic Times
India's m-cap tops $5 trillion, climbs back into global top six
India has regained the sixth position in global market size, overtaking South Korea, which saw its market cap surpass $5 trillion earlier this year. Taiwan and South Korea have experienced significant gains driven by strong investor demand for AI-linked companies, while foreign portfolio investors have reduced their exposure to Indian equities due to concerns about lack of core AI plays and valuations.
↗ Economic Times
Shares worth $26 billion can soon hit market as IPO lock-ins end
Nuvama Alternative's head Abhilash Pagaria reports that shares worth approximately $15.96 billion from 31 companies, mostly newly listed in the last six months, will be eligible for sale over the next month. The expiry of lock-ins allows pre-IPO shareholders to sell their holdings, but this prospect could impact stock prices in the near term. ICICI Prudential AMC accounts for the majority of these shares, with approximately $11.87 billion worth becoming available on June 19th.
↗ Economic Times
Gold falls 1% after Fed holds rates steady, signals rate hike this year
Kevin Warsh, the new Federal Reserve Chair, announced five task forces to review the central bank's operations. The Fed left interest rates unchanged at 3.50%-3.75% but projected one rate hike this year, increasing market expectations of a December rate increase to 78%. This hawkish stance, coupled with elevated inflation concerns, pushed gold prices down while the U.S. dollar strengthened and oil markets rose. The move has led to increased losses in gold prices, which have been pressured by rising interest rates.
↗ Economic Times
Dollar jumps as Fed holds rates but projects one hike later this year
The Federal Reserve maintained its policy rate but updated projections indicated a higher likelihood of a rate hike by the end of 2026. A revised statement removed forward guidance, signaling a shift in communication strategy under new Chairman Kevin Warsh. The move caused market volatility, with yields rising and the dollar strengthening against major currencies. The Bank of England is expected to maintain its policy stance while the Bank of Japan raised rates to a 31-year high, indicating further tightening may be on the horizon.
↗ Economic Times
US stocks: Nasdaq, S&P fall over 1% as Fed holds rates; traders raise hike bets
The Federal Reserve left interest rates unchanged, but new projections indicated that at least one rate hike is expected by the end of 2026. Jerome Powell, chair of the Fed, emphasized price stability and inflation concerns. The statement removed previous language suggesting potential rate cuts this year. Despite expectations for a rate hike in December, trader bets on a rate hold by year-end have dwindled. Terry Duffy, CEO of CME Group, announced his departure as CEO on March 1st, while Allbirds changed its name to Smartbird and appointed former Amazon executive Nadia Carlsten as CEO.
↗ Economic Times
US Stock Market: ETF issuers rush to capitalise on AI-focused ‘MANGOS’ theme after SpaceX IPO
Yorkville America and Corgi Securities have filed applications with the U.S. Securities and Exchange Commission to launch ETFs linked to the MANGOS theme, a group of leading AI-focused companies including Meta Platforms, Nvidia, Alphabet-owned Google, SpaceX, Anthropic, and OpenAI. These filings reflect "concept investing" as ETF providers quickly package popular market narratives into investment products. The proposed ETFs would invest in both core MANGOS companies and additional firms deemed to benefit from AI demand, with potential trading by the end of August pending regulatory approval.
↗ Economic Times
Sebi warns of no regulatory recourse for investors trading in unlisted securities
Sebi, the market regulator, has warned against using unauthorized digital platforms for fundraising and securities trading. Sebi emphasized that these platforms are not recognized or authorized by the regulator and lack investor protection benefits. The regulator urged the public to avoid sharing sensitive personal details on such websites and advised investors against engaging in transactions on them. This is not the first time Sebi has taken action against unauthorized digital ecosystems, issuing warnings previously.
↗ Economic Times
BRND.ME converts into public company, eyes IPO in 12-18 months
BRND.ME, a company formerly known as Mensa Brand Technologies Private Limited, has converted to a public company under the name Mensa Brand Technologies Limited. The conversion followed approvals from the National Company Law Tribunal (NCLT) and filings with the Registrar of Companies. The move aligns the company's structure with public-market norms for governance and regulatory compliance. BRND.ME is currently evaluating an initial public offering (IPO) over the next 12-18 months, driven by a focus on building consumer brands out of India that can scale globally.
↗ Economic Times
HDFC MF, ADIA among buyers as Sepia Investments offloads Rs 749 crore in Corona Remedies via block deal
Sepia Investments and Anchor Partners sold a combined 43,28,943 shares of Corona Remedies at Rs 1,730 each, generating approximately Rs 776.9 crore in proceeds. HDFC Mutual Fund was the largest buyer, acquiring over half the total deal value with 24,50,000 shares worth Rs 423.9 crore. Other significant buyers included Aberdeen Asian Smaller Companies Investment Trust Plc, Aditya Birla Sun Life Mutual Fund, and the Abu Dhabi Investment Authority. The transaction was completed through twelve investors.
↗ Economic Times
InCred Money gets Sebi in-principle nod for mutual fund licence, plans launch in 6-9 months
InCred Money, a fintech and brokerage platform, has received in-principle approval from Sebi to enter fund management. The company's CEO, Kuppa, previously co-founded Orowealth, which was acquired by InCred Capital in 2023. The move allows InCred Money to proceed with setting up an asset management company and trustee structure, but final registration requirements still need to be met before launching schemes.
↗ Economic Times
Raghuram Rajan's warning to India after Hormuz shock: Build bigger oil reserves, diversify faster
Rajan, the Reserve Bank of India governor, emphasized the need for India to bolster its energy security and diversify its import sources. He highlighted the vulnerability exposed by the Hormuz Strait disruption and urged a larger strategic oil reserve, flexible backup options like coal production increases, and greater domestic renewable energy development. Rajan also cautioned against overreacting to the rupee's depreciation, attributing it more to lack of foreign direct investment than solely to oil prices. He stressed the need for India to diversify both import sources and export markets to mitigate risks and build strategic buffers in critical areas like pharmaceutical inputs.
↗ Economic Times
Yes Bank shares rally 15% in 4 sessions. What are technicals suggesting for traders?
Yes Bank's share price has experienced a recent uptrend, driven by a strategic partnership with Northern Arc Capital and positive technical indicators. Analysts predict the stock may consolidate around its 20-week exponential moving average (WEMA) before experiencing further growth. Ruchit Jain, from Motilal Oswal, highlights the banking and NBFC sector's momentum, noting that Yes Bank has broken above key resistance levels. The lender also reported a significant increase in net profit and improved asset quality for the fiscal year 2025 first quarter.
↗ Economic Times
Vedanta Iron and Steel shares rally 16% in 3 days as Azim Premji-backed fund buys shares worth Rs 102 crore
PI Opportunities AIF V LLP, an investment arm of Premji Invest, a company owned by Indian billionaire businessman and Wipro Chairman Azim Premji, purchased nearly 4.84 crore shares worth Rs 101.68 crore in Vedanta Group companies on Monday. The stock of Vedanta Iron and Steel has seen the most significant increase in market capitalization, rising over Rs 1,255 crore since its debut. Vedanta Aluminium, Vedanta Power, and Vedanta Oil & Gas have experienced losses ranging from 14% to 2%. The demerger of these companies into four entities was announced in April, with each eligible shareholder receiving one share in each entity for every Vedanta share held.
↗ Economic Times
Buying US stocks via Gift City to get easier as Zerodha, Groww, Angel One and Upstox get nod
Groww, Upstox, and Zerodha have received licenses from the International Financial Services Centres Authority (IFSCA), allowing them to offer cross-border investing. Zerodha and Groww were granted Global Access Provider (GAP) licenses, while Zerodha and Angel One were cleared as broker-dealers. This expansion follows a surge in investor interest in overseas stock trading, with US stock volumes rising by 20% on one Friday session and Indian investors investing $440 million in global equities in March.
↗ Economic Times
Buying US stocks via Gift City to get easier as Zerodha, Groww, Angel One and Upstox get nod
IFSCA has granted Groww, Upstox, Zerodha, and Angel One licenses, allowing them to offer cross-border investing services. GAP licenses allow direct connections with US brokers for trade settlement, while broker-dealer licenses involve routing through a GAP partner. This expansion follows the rise in overseas stock trading volumes from India and increased investment in global equities. The activity is driven by the Reserve Bank of India's Liberalised Remittance Scheme (LRS) which allows residents to remit up to $250,000 abroad annually.
↗ Economic TimesDixon Tech shares rally 5% amid reports of government nod for Vivo JV this month
Dixon Technologies and Vivo have received in-principle approval for a joint venture that will see Vivo's manufacturing unit in Noida become part of the proposed JV. The deal, signed in December 2024, will see Dixon Technologies hold a majority stake (51%) with Gemtek holding the remaining 40%. The joint venture is expected to focus on manufacturing electronic devices, including smartphones, and reduce Vivo's risk exposure to India. The transaction will be completed under a mutually agreed structure.
↗ Economic Times
Vedanta Power shares rise 4%, snap 2-day losing streak since listing
Vedanta Power debuted on the NSE at Rs 41.80 per share, but saw its price fall by 2% on the first day and another 2% on Tuesday. The company's shares rose around 4% today to trade at Rs 42 apiece, surpassing its listing price. Vedanta Power has over 4 GW of installed capacity across four strategic assets in India and aims to become one of the top three private thermal power players by FY33. The company’s market capitalization currently stands at more than Rs 16,126 crore.
↗ Economic Times
CarTrade Tech shares surge 12% in two days after launching new used-car platform
CarTrade Tech, one of India's largest digital automotive marketplaces, launched CarTrade Used Auto, a unified platform covering the entire used-car journey. The platform offers services including vehicle matchmaking, pricing assistance, and condition assessment through its AI-powered SuperDost suite. The company aims to facilitate nearly 2 million used-car transactions annually, with a potential transaction value of around Rs 1.2 lakh crore per year. CarTrade Tech already attracts millions of automotive users across its platforms and engages with numerous sellers and buyers in the used-car market.
↗ Economic Times
Cyient shares crash 6% as stock turns ex-record date for Rs 720 crore share buyback. What's ahead?
Cyient, an engineering and technology services company, announced a share buyback plan for up to 64 lakh shares at Rs 1,125 per share. The record date is June 17th, with eligible shareholders needing to hold shares in their demat accounts as of that date. The buyback aims to increase share value and utilize surplus cash. Cyient's shares have seen a decline this year, but the company plans to deliver stronger growth in FY27.
↗ Economic Times
Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?
Vedanta Aluminium Metal shares remained locked at their lower circuit price of Rs 447.56 on Wednesday, following a significant drop from its debut price of Rs 522. The company's market capitalization has fallen to Rs 1.75 lakh crore, despite being the largest aluminium producer in India and globally. ICICI Direct and ICRA have both highlighted the company's strong performance and positive outlook for its future, while analysts predict a potential downturn in aluminum prices due to the reopening of the Strait of Hormuz.
↗ Economic Times
Dollar on the defensive ahead of first Fed decision under Warsh
The yen remained under pressure against the US dollar, hovering near intervention levels after the Bank of Japan (BOJ) raised interest rates to a 31-year high. Despite the BOJ's move, investors were cautious ahead of the Federal Reserve's meeting later in the day, where its stance on future rate hikes will be scrutinized. The US dollar eased slightly against a basket of currencies as details emerged of the US and Iran's interim agreement to end the war in the Middle East. The Australian dollar remained flat at $0.7066 after the Reserve Bank of Australia held its cash rate steady.
↗ Economic Times
Gold edges up as rate-hike fears ease; Fed rate decision in focus
Gold prices rose 0.4% to $4,348.93 per ounce as investors awaited the Federal Reserve's policy decision later in the day. U.S. President Donald Trump and a U.S. official confirmed details of an interim agreement between the United States and Iran that extends a ceasefire for 60 days, allowing negotiations for a permanent truce. Spot silver, platinum, and palladium also saw gains, with prices up 0.4%, 0.9%, and 0.6% respectively.
↗ Economic Times
Ola Electric files application to settle Sebi probe
Ola Electric has filed a settlement application with the Sebi, seeking to resolve allegations of misleading information regarding its service network expansion, sales performance, and electric motorcycle rollout timelines. The company claims it has detailed explanations for the discrepancies but aims for an amicable closure to avoid prolonged litigation. Sebi alleges violations of PFUTP and LODR regulations based on disclosures made between August 2024 and May 2025, including inconsistencies in reported store numbers and sales figures. The regulator also questioned Ola's claims about its electric motorcycle program, alleging delays and misrepresented delivery timelines.
↗ Economic Times
Mukesh Ambani's Jio set to file for India IPO within days, FT reports
Reuters could not verify a report regarding the movement of Sensex and Nifty. The source did not provide further details.
↗ Economic Times
Foreign investors may bet big on Indian stocks after regulatory clarity emerges
The Reserve Bank of India (RBI) has removed restrictions on foreign individual investors buying listed Indian companies, aiming to reduce reliance on foreign portfolio investors (FPIs) and create new opportunities for brokers and trading. Industry participants believe this move will open up a new avenue for capital but acknowledge that it may take time for foreign individuals to fully access the market due to bureaucratic hurdles such as bank account opening requirements and tax compliance procedures. While brokers, exchanges, depositories, custodians, and banks are expected to play key roles in developing the ecosystem for these investors, they also anticipate increased demand for tax and compliance advice.
↗ Economic Times
Foreign investors may bet big on Indian stocks after regulatory clarity emerges
The Reserve Bank of India (RBI) has allowed all foreign individual investors to invest in listed Indian companies, aiming to reduce reliance on foreign portfolio investors (FPIs) and create new opportunities for brokers. While the move is expected to open up a new avenue for capital, market participants acknowledge that investing in India remains cumbersome for foreign individuals due to extensive documentation requirements and complex tax regulations. However, industry experts anticipate this change will facilitate access to Indian capital markets and benefit various stakeholders like brokers, exchanges, depositories, and banks.
↗ Economic TimesUS stocks: Nasdaq and S&P 500 slip while Dow hits record high ahead of Fed rate decision
The S&P 500 and Nasdaq experienced a pullback on Tuesday, despite falling oil prices. Mark Luschini, chief investment strategist at Janney Montgomery Scott, noted investor caution ahead of the U.S. Federal Reserve's policy update due Wednesday. While Elon Musk’s SpaceX saw gains, other technology stocks declined. The Dow Jones Industrial Average rose, with financials and industrials sectors gaining ground. The agreement between the U.S. and Iran to extend a ceasefire and reopen the Strait of Hormuz led to some relief in oil prices.
↗ Economic Times
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Yum Brands announced it will sell its Pizza Hut chain to private equity firm LongRange Capital, excluding mainland China, for approximately $1.5 billion. The deal is expected to close in the third quarter and follows a strategic review initiated by Yum Brands due to declining sales at comparable stores. The sale of Pizza Hut's U.S. restaurants comes after Yum Brands considered closing 250 locations.
↗ Economic Times
Automobiles, electrical machinery push sales of listed private manufacturing companies in Q4: RBI data
Private non-financial companies in India experienced a double-digit sales growth of 13.9% during the January-March period of 2025-26, driven by strong performance in manufacturing and IT sectors. The Reserve Bank of India (RBI) reported that sales growth for manufacturing companies expanded by 14.5% year-over-year, while IT company sales grew at a rate of 9.9%. However, raw material expenses rose significantly, increasing the cost pressure on manufacturers. The RBI also noted that staff cost growth moderated in manufacturing but increased in non-IT services sectors during the fourth quarter of 2025-26.
↗ Economic Times
US stocks: SpaceX nears $3 trillion valuation, overtakes Amazon and Microsoft in market value
SpaceX's stock price surged following its successful IPO, reaching over $220 and exceeding the valuations of Amazon and Microsoft. The company's valuation surpassed $2.85 trillion, making it the largest contributor to gains in the Nasdaq Composite. Options trading on SpaceX shares began Tuesday, further fueling investor interest. Despite reporting a net loss, investors are optimistic about SpaceX's future prospects due to its dominant position in commercial space launches and growing AI ventures. The company is expected to gain index inclusion in the Nasdaq-100 and FTSE Russell and MSCI indices, which could drive additional buying activity.
↗ Economic Times
Sebi eases winding-up norms for AIFs, introduces 'inoperative fund' framework
Sebi has introduced new guidelines for Alternative Investment Funds (AIFs) to address challenges in settling liabilities, litigation matters, and operational expenses after a fund's tenure. The regulator allows AIFs to retain proceeds beyond the liquidation period if they receive legal claims or anticipate future liabilities. Funds can also retain money for residual winding-up expenses with investor consent. Sebi has introduced an "Inoperative Fund" category for AIFs that have retained money for pending liabilities and wish to surrender their registration. These funds will be exempt from certain reporting requirements but must submit annual reports on retained monies and outstanding liabilities.
↗ Economic Times
Brent oil price drops under $80 on US-Iran deal
Brent North Sea crude oil prices fell below $80 a barrel for the first time since March, dropping 4.0 percent to $79.87, while West Texas Intermediate slid 4.5 percent to $77.16. The drop follows President Donald Trump's prediction that the Strait of Hormuz would reopen upon an agreement between Iran and the US, which has been effectively closed by Iran since February in retaliation for US and Israeli strikes. Traders are optimistic about a market loosening up with the potential reopening.
↗ Economic Times
'Don't know why we are being sent back': Iran coach Amir Ghalenoei upset after team asked to leave US immediately after FIFA World Cup 2026 opener
Iran coach Dragan Ghalenoei expressed disappointment and concern over the team's sudden departure from Los Angeles after their World Cup opener against New Zealand. The Iranian players were informed to leave immediately after the match, despite needing time to recover. The coach suggested decisions regarding the team's travel plans were made outside of their control. Iran captain Mehdi Taremi also voiced concerns about visa issues affecting several members of the delegation, including officials from the Iranian Football Federation, support staff and media representatives. The teams shared a 2-2 draw in their Group G opener.
↗ Economic Times
A mother wanted to keep her six children connected forever. The unique names she gave them became a symbol of their success
Xaviera Greene-Davis, a mother of six, chose unique state names for her children as a way to foster a sense of shared identity and hope. She hoped the unusual names would remind her children of their potential and belonging despite facing challenges in life. The children, now adults with diverse careers, have embraced the tradition, finding meaning in their unique names.
↗ Economic Times
From Oman to Tanzania: How the Iran war is redrawing India’s trade map
India's import and export patterns have undergone significant shifts, with Oman emerging as a key trade partner. Imports from Oman surged 3.8 times to $3.4 billion, driven by energy shipments, while Singapore overtook China and the Netherlands as India's third-largest export destination. Tanzania became the eighth-largest export market for India, with exports of oil products and gems and jewellery driving its rise. India also saw a significant increase in imports from Peru and Brazil.
↗ Economic Times
No runaway rally likely; markets to trade in broad range: Sameer Dalal
Dalal, a prominent financial analyst, warns that elevated crude prices and domestic monsoon conditions pose significant challenges to the Indian market. He expects earnings to remain weak in the first half of the year due to cost pressures and potential food inflation. Dalal advises investors to adopt a diversified portfolio strategy with a focus on structural growth themes like the power sector, consumption, and financials, particularly private sector banks. He highlights HDFC Bank, IndusInd Bank, IDFC First Bank, and Power Finance Corporation as key investment opportunities within these sectors. While acknowledging near-term challenges, Dalal believes that India's long-term structural growth drivers will ultimately prevail.
↗ Economic Times
NBFCs and private banks better positioned than PSU banks: Aman Chowhan
Aman Chowhan, a prominent analyst, suggests that while monsoon concerns are not significant for earnings at this stage, crude oil remains the primary macro variable impacting corporate earnings. He anticipates that even with potential easing of geopolitical tensions, oil prices will remain elevated, potentially leading to a 100-200 basis points hit on company profits in the coming quarters. However, he maintains a constructive view on consumption demand and highlights attractive investment opportunities in sectors like renewables, pharmaceuticals, and domestic manufacturing.
↗ Economic Times