Market

Invexa Capital’s Tushar Bohra India’s equity markets may appear subdued at the benchmark level, but significant action is unfolding beneath the surface, according to Tushar Bohra of Invexa Capital. While large-cap indices have struggled to generate excitement, broader market segments have delivered strong returns, driven by investor interest in select sectors and structural themes. Speaking…

Invexa Capital’s Tushar Bohra India’s equity markets may appear subdued at the benchmark level, but significant action is unfolding beneath the surface, according to Tushar Bohra of Invexa Capital. While large-cap indices have struggled to generate excitement, broader market segments have delivered strong returns, driven by investor interest in select sectors and structural themes. Speaking…

IT services company HCLTech Ltd on Tuesday (June 23) said the company, Circles and GreySkies have announced their participation in the TM Forum Catalyst Program, a collaborative innovation initiative that brings together communication service providers (CSPs) and technology partners to develop and showcase next-generation solutions for the telecommunications industry. As part of the program, the…

Akasa Air plans IPO in next 2-4 years; share sale is a ‘question of when’: CFO Akasa Air IPO: Akasa Air plans to come out with its initial share sale in the next two to four years, depending on achieving various milestones, its Chief Financial Officer Ankur Goel said on Tuesday as he stressed that…

IT major Wipro Ltd on Tuesday (June 23) announced the expansion of its partnership with Palo Alto Networks to offer AI-driven Managed Detection and Response (MDR) services, combining the cybersecurity firm’s Cortex XSIAM platform with Wipro’s CyberShieldSM managed security services capabilities. The expanded partnership brings together Palo Alto Networks’ Cortex XSIAM and Wipro’s CyberShieldSM in…

Among these, biosimilars have drawn significant investor attention. Manchanda highlighted Biocon as an early mover in the space, stating, “Biocon has been there for a long time, and the next two years are expected to be very strong for it.” He also identified Dr Reddy’s and Lupin as strong contenders, adding that “these companies have…

Financial services firm Bajaj Capital has appointed Jai Bajaj as its Managing Director and Chief Executive Officer as part of a leadership transition at the company. Jai Bajaj succeeds Rajiv Bajaj, who has led the organisation for several years. The company said the appointment is aimed at strengthening its focus on wealth management, financial distribution…

Tata Motors Passenger Vehicles Ltd. gave its medium-term and long-term outlook during its Investor Day on Tuesday, June 23. The automaker said EV and CNG will be major growth engines for its India business. Outlook: Standalone business Tata Motors PV sees its revenue almost doubling to ₹1.15 lakh crore by financial year 2029. In financial…

Devang Mehta, Deputy MD & CIO-Equity NDPMS at Spark Private Wealth Management, said India could attract greater investor attention as enthusiasm around global AI-related stocks moderates. He expects earnings momentum, capital expenditure, financialisation and consumption trends to support Indian equities. Mehta prefers engineering, power equipment, wealth management, exchanges, depositories, industrial equipment and niche healthcare companies…

US markets are set for a big gap down on Tuesday as the global AI trade showed signs of unwinding across the Asia Pacific. The Nasdaq futures as of 2:40 PM Indian time are down 850 points, while the technology sub-index of the European Stoxx 600 index fell over 3% as well. The rout was…