EUROPE EXPANSION
Mahanagar Gas, Gujarat Gas poised for gains as CNG adoption surges; Siddhartha Khemka sees 10-20% upside
India's City Gas Distribution sector shows resilience. CNG adoption rises with infrastructure growth. Electric vehicle challenges boost CNG appeal. Investor interest renews due to volume growth. Mahanagar Gas and Gujarat Gas are strong buys. Mahanagar aims to add CNG stations. Gujarat Gas targets volume growth via expansion. Both companies are well-placed in the growing gas market.
Warren Buffett’s billion-dollar EV play backed BYD, so why not Tesla?
Warren Buffett's investment in BYD is proving prescient as the Chinese EV maker surpasses Tesla in key metrics. Buffett's value-based approach favored BYD's cost advantages and strategic global expansion over Tesla's high-profile but struggling performance. BYD's success highlights a shift in the EV market, driven by price competition and strategic positioning in emerging markets, validating Buffett's long-term vision.
Spain, Italy, Portugal see massive protests. Here's why
Spain, Italy, Portugal attract large number of tourists yearly. However, protesters claimed that there is over-tourism.
Mahanagar Gas, Gujarat Gas poised for gains as CNG adoption surges; Siddhartha Khemka sees 10-20% upside
India’s City Gas Distribution (CGD) sector has emerged as a resilient and strategically vital component of the energy landscape, supported by rising CNG adoption, expanding infrastructure, and favorable cost economics.
As Trump mulls sanctions, Russia's military economy slows
Russia's economy shows signs of fatigue after three years of growth. Heavy military spending drove initial expansion. However, the economy now faces a widening budget deficit. Weak oil prices and potential Western sanctions add pressure. Experts say military spending alone cannot sustain growth. Inflation remains high despite recent interest rate cuts. Volodymyr Zelenskyy urges Donald Trump to impose fresh sanctions.
Why is India outpacing China, US, EU and Germany?
Despite a slight moderation to 6.3% in FY26, India's economic growth remains robust, outpacing global trends. Fueled by strong domestic consumption, a favorable demographic dividend, and government-led capital expenditure, India stands out as the fastest-growing major economy. However, risks like oil import dependence and a weak export sector persist amid global economic turbulence.
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Motherson's Marelli takeover faces US hedge fund bump
Samvardhana Motherson is preparing to compete with Strategic Value Partners (SVP) for the acquisition of Marelli Holdings. Motherson is reportedly raising $2 billion for the deal. Marelli's board is meeting to decide the company's future amidst financial struggles. Motherson has proposed a financial package involving KKR writing off its shares and Motherson acquiring new shares and debt.
Turf war in the clouds showers on the ground
As neocloud firms begin to challenge hyperscalers’ dominance, Indian data centres seek to benefit from this shift in cloud business, finds Himanshi Lohchab.
Indian market recovery driven by govt spending & rural demand: Gokul Laroia, Morgan Stanley
Morgan Stanley's Gokul Laroia believes Indian market recovery hinges on government spending and rural demand revival. He anticipates continued US dollar weakening. Laroia notes global investors were cautious about India but that sentiment is shifting. He acknowledges India's valuations are high but justified by earnings growth and ROE. US Treasury yields are a concern due to the rising fiscal deficit.
KKR-backed IVI to buy ART Fertility Clinics for $450 million
IVI RMA Global, backed by KKR, is poised to acquire ART Fertility Clinics for $400-450 million, marking a significant expansion into India's burgeoning IVF market. This acquisition will add India to IVI RMA's global presence. The deal highlights the ongoing consolidation in the Indian IVF sector, driven by increasing infertility rates and private equity investments.
Charting the global economy: ECB cuts interest rates amid global economic challenges
The European Central Bank is nearing the end of its interest rate reduction campaign, while India's central bank cut rates and boosted liquidity. Bank of Canada officials are prepared to loosen policy due to US trade policy. Globally, the OECD slashed forecasts due to US tariffs, and several countries lowered interest rates, reflecting a complex economic landscape.
China leaders take reins at TikTok Shop in US as sales miss goal
TikTok Shop in the US is navigating turbulent waters as it struggles to meet its ambitious sales targets. In a significant shift, ByteDance has appointed leaders with strong ties to China, leading to a wave of cultural adjustments and communication hurdles. As uncertainty looms, many employees find themselves either let go or leaving voluntarily, causing a stir within the organisation.
China discloses chilling details of monstrous DF-5B missiles with nukes 200 times destructive than Hiroshima bomb, capable of striking the entire US
China revealed details of its DF-5B ICBM. This move highlights China's nuclear capabilities. The missile can strike the US. Tensions are rising between China and the West. This includes disputes over Taiwan. China aims to modernize its nuclear forces. A recent ICBM test occurred in the South Pacific. China's nuclear arsenal is growing. It maintains a no-first-use policy.
FIFA World Cup 2026 Qualifiers: Jordan, Uzbekistan make history
The 2026 FIFA World Cup, hosted by the United States, Canada, and Mexico, expands to 48 teams, offering unprecedented global representation. Jordan and Uzbekistan mark historic debuts, while powerhouses like South Korea, Japan, and Iran secure their places. With UEFA qualifiers underway, European giants vie for spots in what promises to be a landmark tournament.
"When you are attacked, you have no choice but to respond," US Lawmakers back India's stance against terror
US lawmakers, in a meeting with India's all-party delegation, strongly condemned the recent terror attacks in India and expressed full support for India's right to defend itself. Both sides reaffirmed commitment to deepening strategic ties, covering trade, visas, tech, and counterterrorism cooperation.
ETMarkets Smart Talk - RBI may cut rates by 50 bps in 2025 as growth needs support, says Dr. Joseph Thomas of Emkay Wealth
Emkay Wealth Management's Dr. Joseph Thomas anticipates a potential RBI rate cut in 2025 amid controlled inflation and growth imperatives. He navigates global volatility from tariff tensions and US bond yield fluctuations, highlighting India's improving earnings and IPO surge. Opportunities exist for long-term investors in SMIDs, infrastructure, PSU equities, consumer discretionary, healthcare, technology, and utilities sectors.
Classic Legends aims to go full throttle, double sales in FY26
Mahindra-backed Classic Legends aims to double sales this fiscal year through new motorcycle launches, global expansion into markets like the US and Europe, and an expanded dealer network. Despite discretionary spending pressures, the company remains bullish, targeting 80,000 units, with a significant portion earmarked for exports.
RBI may go for three more rate cuts if global trade slowdown impacts growth severely: Chetan Ahya
Morgan Stanley's Chetan Ahya anticipates further disinflation in India and the region due to declining oil prices and a strengthening rupee, enabling the Reserve Bank of India to implement more significant rate cuts. India and Australia are seen as relatively insulated from global shocks, with India benefiting from strong domestic demand and resilient service exports.
Israeli cyber startup Zero Networks raises $55 million in private funding
Zero Networks said that since its last funding round in late 2023, revenue has grown 300%, although it did not provide exact figures. Founded in 2019, the company added that its customer base has tripled, driven by its technology to prevent ransomware and other cyber attacks.
Klarna trials debit card in US, plans Europe launch later this year
Klarna in April paused its plans for a US initial public offering for the second time in the last few years as president Donald Trump's sweeping tariffs rattled global markets. The company, which has over 100 million global active users, is currently trialling the debit card in the U.S. before a broader rollout in the US and Europe later this year.
Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
Pradeep Parameswaran, former Uber India head, has been promoted to global head of mobility amid a leadership shake-up. He replaces Andrew Macdonald, now COO. This marks Parameswaran’s second promotion in a year. Uber continues to elevate Indian-origin executives, with key roles held by Sachin Kansal and Praveen Naga in tech leadership since October 2024.
Mumbai emerges as a global data center hub, ranking 6th in under-construction capacity
Mumbai is rapidly ascending as a global data center hub, securing the 6th position worldwide in under-construction capacity, surpassing established hubs. Fuelled by cloud computing and AI expansion, Asia Pacific's data center market is booming, with Mumbai contributing significantly to the region's growth.
IPL chairman Arun Dhumal wants cricket to revolve around its big star - T20 Leagues
IPL chairman Arun Dhumal suggests that ICC should prioritize franchise-based T20 leagues like the IPL, Big Bash, and SA20 in its future tours programme due to shifting fan interest. He highlights the T20 format's role in expanding cricket's reach and the challenges of scheduling the IPL amidst a packed international calendar and changing weather patterns.
Factory activity falls to 3-month low in May on inflation & Pakistan conflict
India's manufacturing sector experienced a slight slowdown in May, with the PMI falling to a three-month low of 57.6 due to rising inflation and geopolitical tensions. Despite this dip, new export orders surged, leading to increased employment and improved supply chain performance. Input costs also rose, prompting manufacturers to increase selling prices.
Aviation hub-bub, now, bridge the gulf
India is strategically expanding its international air travel capacity, resisting pressure to expand bilateral agreements with West Asian carriers. This move aims to reduce reliance on foreign airlines and foster the growth of Indian aviation hubs. While West Asian airlines express concerns about potential capacity constraints, India prioritizes its long-term aviation goals and market share.
Making more noise does not make you right on flying rights: IndiGo CEO
Pieter Elbers of IndiGo supports India's international flying rights policy. This follows Emirates President Tim Clark's concerns. Clark views the restrictions as harmful. Elbers suggests bilateral agreements require mutual consent. He highlights historical imbalances in flight operations. IATA acknowledges India's aviation growth. They foresee adjustments in access approaches as Indian carriers expand internationally.
India to get remaining S-400 missile systems by 2026, says Russia
Russia will deliver the remaining S-400 air defense systems to India by 2026. Roman Babushkin highlights the system's efficiency during India-Pakistan tensions. Both countries may expand cooperation in air defense and anti-drone systems. Russia is ready to discuss further collaboration, especially against drone threats. Russian Foreign Minister Sergey Lavrov may visit India soon.
India urges swift revival of WTO dispute system to protect fair trade rules: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasised the urgency of restoring the WTO's dispute resolution mechanism to uphold its core principles. A mini-ministerial WTO meeting is scheduled for June 3 to discuss strengthening multilateral trade and reforms.
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