Latest
🇮🇳74d ago
Tokyo Core Inflation Accelerates on Energy Price Pressures
Tokyo's core inflation surged in June, driven by rising energy costs stemming from Middle East conflict-related disruptions, signaling broadening price pressures across the economy. The acceleration is prompting the Bank of Japan to consider further interest rate hikes as it navigates policy normalization amid global economic uncertainties.
🇮🇳74d ago
Apple Supplier Lingyi iTech Debuts on Hong Kong Exchange with 6% Gain
Lingyi iTech, a Chinese precision parts maker and Apple supplier, made its Hong Kong stock market debut on Friday with shares opening 6% higher after raising approximately HK$8.3 billion ($1.06 billion) through a share sale. The strong opening reflects investor confidence in the company's market position within the Apple supply chain.
🇮🇳74d ago
Reformation Files for U.S. IPO on Revenue Growth, Narrower Losses
Sustainable fashion retailer Reformation has filed for a U.S. initial public offering, reporting revenue of $507.1 million for the year ending December 27, 2025, though the company experienced a decline in net profit. The direct-to-consumer brand, backed by majority stakeholder Permira, plans to use IPO proceeds for debt repayment and share repurchases as it seeks to capitalize on an improving IPO market.
🇮🇳74d ago
Five Indian Stocks Eyed for 2026 Returns of 10-20%
Top brokerage firms have identified five stocks, including Ambuja Cements and SRF, as potential long-term buys for 2026 with expected returns in the 10-20% range. The recommendations reflect analyst expectations for selected Indian equities heading into the new year.
🇮🇳74d ago
Gold Set for Fourth Weekly Loss as Fed Rate Hike Bets Strengthen Dollar
Gold is poised for its fourth consecutive weekly decline as a strengthening U.S. dollar gains momentum from hawkish Federal Reserve rate increase expectations. Geopolitical tensions surrounding the U.S.-Iran peace agreement and persistent inflation pressures are compounding headwinds for the precious metal.
🇮🇳74d ago
Yen Wobbles Near 40-Year Low as Dollar Pauses Rate Hike Bets
The yen hovered near a 40-year low against the dollar following U.S. inflation data that aligned with expectations, prompting traders to reduce bets on further Federal Reserve rate increases. Mixed signals from Fed officials regarding future policy direction also weighed on the yen, though the dollar remains positioned for its first back-to-back weekly gain since February.
🇮🇳74d ago
Oil Falls as Strait Shipments Resume Despite Vessel Incident
Oil prices are declining this week as tanker traffic through the Strait of Hormuz resumes despite a cargo vessel being struck near Oman, with Iran reportedly involved. Supply concerns have eased even as geopolitical risks persist, and Venezuelan earthquake damage and power outages pose potential longer-term production challenges.
🇮🇳74d ago
Indian Stock Markets Closed for Muharram; BSE, NSE Observe Islamic New Year
Indian stock exchanges BSE and NSE remained closed on June 26, 2026, in observance of Muharram, which marks the start of the Islamic New Year. MCX operated with partial closure while NCDEX shut entirely, with the next scheduled market holiday set for September 14 for Ganesh Chaturthi.
🇮🇳74d ago
Asian Tech Stocks Decline After Rally; Oil Holds Steady
Asian markets experienced a pullback led by heavyweight chip stocks following recent gains, while US futures remained steady after a volatile Wall Street session that saw significant declines in tech giants like Apple. Investors are monitoring the sustainability of elevated technology valuations amid concerns over artificial intelligence spending and potential Federal Reserve interest rate adjustments.
🇮🇳74d ago
Brokerages Stay Bullish on Laurus Labs as CDMO Momentum Strengthens
Laurus Labs' stock has surged 30% following robust FY26 results, driven by strong contract manufacturing performance and an improved product mix. Analysts have raised earnings forecasts and maintained bullish ratings, citing expected continued growth from the company's expansion into high-value CDMO services.
🇮🇳74d ago
Adani Ports emerges top contender for Karanja Terminal takeover
Adani Ports has emerged as the leading bidder to acquire Karanja Terminal & Logistics, with creditors approving its ₹625-crore recovery plan that includes full repayment of financial creditors' outstanding dues. The acquisition follows Prudent ARC's purchase of nearly all of Karanja's debt, marking a consolidation move in India's port sector.
🇮🇳74d ago
RBI Opens Door to Short Positions in G-Secs to Boost Liquidity
The Reserve Bank of India has released draft rules permitting market participants to take short positions in government securities, alongside a framework for when-issued securities trading, to enhance market liquidity and price discovery. The proposals, which include specific position limits for different participant categories, are open for public consultation until July 17.
🇮🇳74d ago
Vedanta Resources Buyback Garners $943M in Bond Bids
Vedanta Resources received approximately $943 million in bond tenders during an early participation window of its debt buyback program, representing 45% of its $2.1 billion outstanding bonds. The strong uptake indicates investor confidence in the mining company's refinancing capabilities and debt management strategy.
🇮🇳74d ago
JPMorgan Names Two Co-Presidents in Dimon Succession Push
JPMorgan Chase appointed Doug Petno and Troy Rohrbaugh as co-presidents, with Petno leading the commercial and investment bank and Rohrbaugh overseeing consumer and community banking. The moves represent a significant step in the bank's succession planning for CEO Jamie Dimon, narrowing the field of potential candidates for the top role.
🇮🇳74d ago
Tata Chemicals Surges on Tata Sons Listing Speculation
Tata Chemicals shares jumped on Thursday following the Reserve Bank of India's new guidelines for upper-layer NBFCs, with market participants viewing the regulatory change as potentially paving the way for a Tata Sons listing. The development has sparked investor optimism that Tata Chemicals, which holds a stake in the unlisted conglomerate parent, could unlock substantial value if Tata Sons goes public.
🇮🇳74d ago
Cooling crude prices drive Indian equities to third week of gains
Indian stock markets closed slightly higher on Thursday, extending a three-week rally as falling crude oil prices boosted investor sentiment. Analysts expect the oil price decline to support corporate profit margins in the second quarter, potentially attracting dips.
🇮🇳74d ago
FPIs pump record Rs 39,640 crore into Indian G-Secs in June
Foreign Portfolio Investors have channeled a record ₹39,640 crore into Indian government securities during June, propelled by tax exemptions and improved access to sovereign debt instruments. The strong inflows reflect growing confidence in Indian debt markets and fuel speculation about potential inclusion in major global bond indices.
🇮🇳74d ago
US Stocks Fall as Tech Megacap Declines Outweigh Chip Sector Strength
US equities closed mixed on Thursday, with the Nasdaq and S&P 500 declining amid concerns over Big Tech's artificial intelligence spending, while the Dow edged higher. Economic data revealing rising inflation and robust GDP growth, combined with strong chipmaker earnings, created conflicting signals that left investors cautious about the Federal Reserve's future policy moves.
🇮🇳74d ago
India's Active Credit Cards Surge Past 120 Million in May
India's credit card market reached 120 million active cards in May, driven by robust new customer additions that rose 34% year-on-year to 1.02 million cards, according to RBI data. However, spending growth decelerated significantly, increasing only 6.3% to ₹2.02 lakh crore, signaling potential consumer caution amid economic headwinds.
🇮🇳74d ago
PFC, REC merger plan aims to help government retain majority stake
Power Finance Corp and REC are finalizing a merger plan with two options to help the Indian government maintain its majority shareholding cost-effectively. Financial advisors favor issuing preference shares at ₹10 each, requiring approximately ₹800 crore, over subscribing to ₹24,000 crore in non-tradable bonds due to lower long-term costs.