South Korea’s AI-driven stock market rally is increasingly being shaped by trading products linked to chipmaker SK Hynix rather than the company’s underlying business performance. A rapid rise in leveraged exchange-traded funds (ETFs) tied to SK Hynix has triggered a surge in derivatives activity, with analysts estimating that ETF-related trading and associated hedging transactions now…
Non-Iranian oil exports through the Strait of Hormuz have increased sharply this month as producers in the Persian Gulf find ways to move cargoes despite continued tensions between the US and Iran. According to Vortexa data, at least 1.8 million barrels of oil per day transited out of the Persian Gulf during the first 10…
India Inc’s cash pile has grown nearly 12% to cross the $200 billion mark in FY26, aided by cautious capital deployment and lower dividend payouts amid uncertainty stemming from geopolitical tensions and a weak demand environment. The aggregate cash and cash equivalents of Nifty 500 companies (excluding financial and insurance firms) rose to ₹18.7 lakh…
Shares of Honasa Consumer, the parent of beauty and personal care brand Mamaearth, are expected to be in focus on Friday, June 12, after global brokerage HSBC upgraded the stock to “Hold” and raised its price target to ₹384 per share. Despite the target price revision, HSBC’s target implies a potential downside of around 8%…
India’s economy may face a challenging second half of the year as rising energy costs and a potential El Niño-driven weather shock hit simultaneously, according to Pranjul Bhandari, Chief India Economist at HSBC. While growth has remained resilient so far, aided by strong manufacturing activity and inventory build-up, Bhandari expects the real impact of these…
We’re back with the Second Edition of Markets Espresso and we have headed into this weekend with a lot more ease compared to the previous one. But just before you slip into your afternoon siesta, sit back, relax, and we’ll tell you all about the biggest voices on CNBC-TV18 and what do they feel about…
Shares of Vintage Coffee and Beverages Ltd. will be in focus on Friday, June 12, after SBI Funds Management acquired 55.32 lakh shares or about 3.8% of the company’s equity, through two block deals worth nearly ₹86 crore on Thursday. The fund house acquired 38.51 lakh shares at ₹153.30 apiece, and another 16.81 lakh shares…
JSW Energy has announced the acquisition of Maruti Clean Coal and Power. In an exchange filing issued on Saturday, June 13, the Maharashtra-based power company said that it has signed a definitive agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited to acquire 100% equity shares of Maruti Clean Coal and Power…
India’s sugar industry has revived its demand for a dual pricing system, arguing that industrial users account for nearly 60-65% of the country’s sugar consumption but continue to pay the same price as retail consumers. According to Prakash Naiknavare, MD of National Federation of Cooperative Sugar Factories Limited (NFCSF), separate pricing for industrial and domestic…
The Indian rupee opened 39 paise stronger against the US dollar on Friday (June 12), supported by a decline in global crude oil prices amid renewed optimism over a possible agreement between the United States and Iran. The domestic currency opened at 95.37 per dollar, compared with Thursday’s (June 11’s) close of 95.76, marking a…
