DEVELOPED MARKET
Rapido crashes food delivery party. Should Swiggy and Eternal investors be worried?
Rapido has entered the food delivery space with an aggressive low-commission model, undercutting Swiggy and Zomato and shaking investor sentiment. Shares of Swiggy’s parent, Eternal, fell as much as 4% over two sessions. While Rapido lacks a dedicated fleet, analysts say its growing rider base and disruptive pricing could pressure incumbents' profitability and challenge their dominance.
China’s solar industry gathers as gloom deepens over demand
That surge wasn’t driven by real demand, though. Instead, developers front-loaded projects to lock in more favorable conditions before two new policies took effect.
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex was up 100.19 points at 82545.4
Buy, Sell or Hold: Morgan Stanley upgrades Grasim Industries; Nuvama retain reduce on Tata Motors
Brokerage houses offer mixed outlooks for frontline stocks: Morgan Stanley is bullish on Grasim, Antique Broking is positive on Godrej Properties, while Nuvama remains cautious on Tata Motors due to JLR headwinds.
IRB Infrastructure shares in focus after posting 9% YoY growth in May toll revenue
IRB Infrastructure shares:As per the company's latest update, total toll revenue for the month amounted to Rs 581 crore (Rs 5,812 million), up from Rs 536 crore (Rs 5,355 million) in May 2024.
SaaS looking beyond North America to openings in developing regions: Zoho executive
Zoho executive Rajesh Ganesan says SaaS firms are expanding beyond North America due to growth in digitising regions like India and Latin America. Regulatory compliance and evolving AI integration challenges shape industry trends, requiring SaaS architecture changes to accommodate AI agents and ensure data traceability.
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Auto companies 'in full panic' over rare-earths bottleneck
Global automakers are alarmed by China's rare-earth export restrictions, fearing a new supply chain crisis. With limited alternative magnet sources, companies are stockpiling and seeking workarounds to avoid factory shutdowns. The industry's reliance on China for critical raw materials raises concerns about future leverage and potential disruptions.
IFC picks up 44% stake in Birla Estates’ two residential projects, invests Rs 420 cr
International Finance Corporation will invest Rupees 420 crore in Birla Estates' Thane and Pune housing projects. The investment aims to develop around 9.5 million sq ft of saleable area. IFC will hold a 44% stake in the projects. This partnership will expand access to sustainable housing for first-time home buyers.
How Godrej Properties, DLF and other real estate majors sold homes worth Rs 1.62 lakh crore in FY25
India’s top 26 listed real estate developers sold homes worth Rs 1.62 lakh crore in FY25, up over 20% from last year, as trust and brand equity drove a surge in residential sales. Godrej Properties led with Rs 29,444 crore in pre-sales, followed by DLF and Lodha Group, amid a clear shift towards established players and premium housing.
NFO Alert: Baroda BNP Paribas Mutual Fund launches healthcare and wellness fund
Baroda BNP Paribas Asset Management has introduced the Baroda BNP Paribas Health and Wellness Fund. This open-ended equity scheme focuses on healthcare and wellness companies. The NFO is open until June 23. The fund aims to capitalize on growth in the healthcare sector. India's healthcare expenditure is expected to increase.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex was up 375.84 points at 82564.83
MCX shares rise 4%, hit lifetime high on Sebi’s nod for launch of electricity derivatives
MCX has received Sebi approval to launch electricity derivatives, marking a historic first for India. The move is expected to deepen energy markets, help manage power price volatility, and support the country’s transition to a sustainable energy future. Backed by SEBI and CERC, the launch positions MCX as a pioneer in India's evolving commodity and energy trading landscape.
Stock picking: Improving operating profit could signal long-term market outperformance
Why improving operating efficiency is a quiet signal of long-term market outperformance.
US Share Market prediction: Stocks soar toward records — but will inflation and Trump’s Tesla feud trigger a crash?
Apart from inflation and earnings, Friday will bring an early reading of the University of Michigan’s consumer sentiment index for June. As inflation data trickles in and political noise grows louder, markets will continue to navigate a delicate balancing act between optimism and uncertainty.
DEE Development Engineers plans to diversify into hydrogen production
DEE Development Engineers Limited plans to expand into hydrogen production. The company acquired a stake in Maldives Design Limited. This acquisition will help in hydrogen purification and ammonia cracking. The company aims for technology tie-ups for complete hydrogen plant manufacturing. The government's focus on green hydrogen presents significant business opportunities.
MCX gets Sebi nod to launch electricity derivatives
MCX has received SEBI approval to launch electricity derivatives, marking a major step in India’s energy trading evolution. These contracts will help power market participants hedge price risks, support renewable energy goals, and deepen market efficiency in alignment with India’s Viksit Bharat vision.
Stock market update: Mining stocks up as market rises
The 30-share BSE Sensex closed up 746.95 points at 82188.99
RBI’s 50-bps repo cut to boost mid-income, affordable housing demand
The RBI’s 50 basis point repo rate cut to 5.5%—its third in 2025, totaling a 100 bps reduction—is expected to boost housing affordability and stimulate demand, especially in the mid-income and affordable segments.
IREDA shares slip 2% as firm launches QIP to raise up to Rs 5,000 crore
Indian Renewable Energy Development Agency (IREDA) has launched a QIP to raise up to Rs 5,000 crore. The board has set the floor price at Rs 173.83 per share with a possible 5% discount. IREDA posted strong Q4 earnings with a 49% rise in net profit and continues to attract positive analyst attention despite a mixed yearly performance.
Dr. Reddy’s shares rise over 1% on strategic collaboration with Alvotech for Keytruda Biosimilar
Dr. Reddy’s Laboratories has partnered with global biotech firm Alvotech to co-develop and commercialize a biosimilar of Keytruda (pembrolizumab), an immunotherapy drug with $29.5 billion in global sales in 2024. The collaboration aims to leverage Alvotech’s R&D strengths and Dr. Reddy’s commercial reach to tap into the fast-growing oncology biosimilars segment and expand global market presence.
Stock market update: Mining stocks up as market rises
The 30-share BSE Sensex closed up 443.79 points at 81442.04
Stock market update: Mining stocks up as market rises
The 30-share BSE Sensex closed up 260.74 points at 80998.25
Stock market update: Mining stocks down as market rises
The 30-share BSE Sensex was up 189.31 points at 80926.82
2,500 job rejections despite coding expertise, advanced degrees: Techie working at gas station exposes job market's harsh reality
A software developer with both a Bachelor's and Master's degree in Mathematics, along with professional experience and certifications, has faced over 2,500 job rejections despite being highly skilled in languages like Python and JavaScript. After more than a year of searching, he remains stuck working at a gas station under difficult conditions, highlighting the severe challenges many qualified professionals face in today's competitive and unstable job market.
Stock market update: Mining stocks down as market falls
The 30-share BSE Sensex closed down 636.24 points at 80737.51
India a top growth market but still underowned globally: Matt Orton
Matt Orton from Raymond James Investment visited India for an investor conference. He finds Indian infrastructure development exciting. Orton is looking deeper into L&T due to its clean balance sheet and exposure to Indian and GCC infrastructure. He notes India is underpenetrated from an investment perspective. Orton sees long-term growth opportunities in India, especially compared to Europe.
Stock market update: Mining stocks mixed as market rises
The 30-share BSE Sensex was up 14.34 points at 81388.09
PNGRB defends LNG terminal regulation, says it will help "well-coordinated" gas market development
The PNGRB has introduced new regulations for LNG terminals, requiring registration and review of feasibility reports to promote a transparent and demand-driven gas market.
Stock market update: Mining stocks down as market falls
The 30-share BSE Sensex closed down 77.26 points at 81373.75
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