As investors watched for a possible temporary peace agreement in the Iranian dispute, stocks increased as SpaceX made progress on its first day of trading. Following Pakistan’s prime minister’s announcement that a “final, agreed-upon text of the peace deal has been reached,” the S&P 500 Index increased by 0.5%. Following Iran’s foreign minister’s statement that…
As demand for SUVs and premium motorcycles continues to outpace entry-level vehicles, CLSA has reiterated its bullish stance on select automakers, identifying Mahindra & Mahindra, Tata Motors Passenger Vehicles (TMPV) and Bajaj Auto as its preferred picks. The brokerage has a price target of ₹468 on Tata Motors PV, ₹4,279 on Mahindra & Mahindra and…
The recent decline in crude oil prices could provide a tailwind for commercial vehicle (CV) manufacturers and financiers by improving fleet operator profitability and supporting vehicle demand. Brent crude prices have slipped below the $90 a barrel mark on Friday, June 12, after US President Donald Trump yet again sparked hopes of a truce between…
The list of sustainability-focused fund managers opting to blacklist SpaceX is growing as they contemplate the unprecedented level of control that Elon Musk will hold over the rockets-to-chatbot behemoth. “It’s simply too, too risky for the type of longevity we want to see in a company,” Marcela Pinilla, director of sustainable investing at Zevin Asset…
The list of sustainability-focused fund managers opting to blacklist SpaceX is growing, as they contemplate the unprecedented level of control that Elon Musk will hold over the rockets-to-chatbot behemoth. “It’s simply too, too risky for the type of longevity we want to see in a company,” Marcela Pinilla, director of sustainable investing at Zevin Asset…
NLC India Ltd. was declared the preferred bidder for the Parvathapur Vanadium, Titanium and Aluminous Laterite Block in Telangana on Friday, June 12. The state-run miner received the preferred bidder status following the critical and strategic mineral block e-auction conducted by the Ministry of Mines on June 11. The block is located in the Sangareddy…
India’s power sector remains a long-term growth story and not just a cyclical recovery, according to Bernstein’s Director and Senior Analyst Nikhil Nigania, who expects electricity demand to strengthen further in FY27 and beyond. Nigania said, “We expect a strong second half for power demand, and longer term, as you said, all those drivers, whether…
JSW Infrastructure Ltd. is evaluating a qualified institutional placement (QIP) to raise capital, according to sources familiar with the matter. The proposed fund raise, which could exceed ₹6,000 crore, is being considered to support the company’s expansion plans and help it meet SEBI’s minimum public shareholding (MPS) norms. The development comes months after JSW Infrastructure’s…
The global rush into artificial intelligence (AI) investments continues to gather pace, even as investors debate whether current valuations can be sustained, according to Cameron Brandt, Director of Research at EPFR Global. Brandt said technology-focused funds saw another weekly inflow record, while large amounts of capital also moved into AI-linked markets such as South Korea…
Crude-sensitive stocks were in focus on June 12 after oil prices fell to their lowest level in three months, following US President Donald Trump’s remarks that a deal with Iran could be within reach and that further military strikes had been called off. Investor sentiment improved after Trump said the Strait of Hormuz could reopen…
