Devang Mehta, Deputy MD & CIO-Equity at Spark Private Wealth Management, said India’s ongoing shift toward investing through mutual funds, PMS, wealth managers and capital market platforms offers a long-term growth opportunity. While remaining cautious on large-cap IT stocks due to weak growth visibility, he prefers capital market-linked businesses, power automation, engineering, manufacturing and discretionary…
For much of last year, Bitcoin was increasingly being pitched as the market’s new version of gold — a hedge against global uncertainty, inflation and geopolitical chaos. The past few months, however, have told a very different story. As macro risks intensified and global markets turned defensive, investors did not rush into crypto. Instead, money…
BofA Global Research expects India Inc’s earnings growth to remain much weaker than broader market expectations in 2026-27 (FY27), as companies face pressure from higher commodity prices, geopolitical tensions and slowing demand conditions. Amish Shah, Head of India Research at Bank of America Global Research, said the brokerage forecasts earnings growth of 8.5% for FY27,…
Shares of JBM Auto Ltd. and Olectra Greentech Ltd. witnessed sharp gains on Wednesday, June 3, after the Union Cabinet cleared the proposal to replace old trucks and buses in Delhi. Union Minister Ashwini Vaishnaw, in a Cabinet briefing on Wednesday, announced the outlay of ₹5,041 crore for the phasing out of the old trucks…
The equity benchmark indices BSE Sensex and NSE Nifty closed in the red on Wednesday (June 3), after a volatile session, though indices recovered from the day’s lows, led by gains in banking shares. The Sensex fell 304 points to close at 74,346, while the Nifty declined 78 points to settle at 23,406, ending below…
The Nifty50 witnessed another volatile session on Wednesday, with a sharp intraday recovery helping the benchmark trim most of its losses by the close. Weak global cues weighed on sentiment at the open, with the Nifty starting the session 68 points lower. Selling pressure intensified through the first half, dragging the index to an intraday…
Hero MotoCorp has unveiled flex-fuel versions of its popular Splendor+ and HF Deluxe motorcycles, marking a significant step in the company’s alternative fuel strategy ahead of World Environment Day. The new motorcycles are compatible with ethanol blends ranging from E20 to E85 and will initially be introduced in Delhi and select parts of Maharashtra in…
IT services company Mastek Ltd on Wednesday (June 3) said it has received a final assessment order from the Income Tax Department for FY23 involving total additions of ₹123.58 crore. The order, received on May 30, 2026, comprises a transfer pricing addition of ₹90.95 crore under Section 92CA(3) of the Income Tax Act, 1961, and…
Market regulator Securities and Exchange Board of India (SEBI) has passed an interim ex-parte order against Rajesh Exports Ltd (REL) and its Chairman and Managing Director Rajesh Mehta, citing prima facie findings of large-scale financial misrepresentation, fund routing irregularities, and non-cooperation during an ongoing investigation covering FY21 to FY25. In a 109-page order passed by…
India’s GIFT City can emerge as a major gateway for global and non-resident Indian (NRI) capital, but easier investing rules, smoother onboarding and policy fine-tuning are needed to unlock larger foreign inflows, leading fund industry executives told CNBC-TV18. Nilesh Shah, Managing Director of Kotak Mahindra AMC, Navneet Munot, MD and CEO of HDFC AMC, and…
