Bharat Subramanian, Senior Analyst (Energy) at BofA Global Research, believes upstream oil and gas companies are better positioned than downstream players if crude oil prices remain elevated and the rupee continues to weaken. Subramanian said the direction of crude prices remains difficult to predict because of ongoing geopolitical uncertainties. However, he noted that BofA’s current…
Shares of Intellect Design Arena rose 3% on Tuesday after the company announced the launch of an AI-native digital banking platform aimed at challenger banks and digital-first lenders across the UK and Europe. The platform has been designed to help new banks set up and scale operations more quickly, with Intellect targeting a launch timeline…
Shares of Vodafone Idea Ltd. gained after ICRA upgraded its credit rating and outlook on the stock to A-/Stable on Tuesday, June 2, 2026. Vodafone Idea informed the exchanges that the ratings agency has upgraded its credit rating and revised its outlook to ‘stable’ from its previous rating and outlook of BBB/(Positive). This comes just…
Indian companies posted a surprise earnings beat for the three months ended March, as domestic activity hummed along boosted by consumption tax cuts and easy monetary policy, but the Iran war-led energy shock is expected to weigh on profitability. As Indian markets slip to seventh place in market value rankings amid a record foreign fund…
Alkem Laboratories has launched semaglutide in single-shot pre-filled syringes in India, becoming the first pharmaceutical company in the country to introduce this convenient delivery format. Available in multiple dose strengths, the ready-to-use syringes are priced from ₹350, making the therapy more accessible and affordable for patients. The Drugs Controller General of India (DCGI) has approved…
The equity benchmark indices BSE Sensex and NSE Nifty recovered sharply from intraday lows to end higher on Tuesday (June 2), snapping a four-day losing streak amid broad-based buying across sectors. The Sensex rose 383 points to close at 74,650, while the Nifty gained 101 points to end at 23,484. The market recovered more than…
Copper prices rose ₹11.95 to ₹1,377.75 per kilogram in futures trade on Tuesday, tracking firm trends in the international markets. On the Multi Commodity Exchange, the red metal futures for June delivery gained ₹11.95, or 0.87%, to ₹1,377.75 per kg in a business turnover of 17,708 lots. Analysts said positive global cues supported sentiment. Globally,…
India’s equity markets slipped to seventh place in terms of market capitalisation on Tuesday, June 2, as heavy foreign selling, weak earnings growth and limited exposure to AI-linked stocks allowed South Korea’s chip-heavy market to overtake it. South Korean stocks have rallied this year, driven by AI chipmakers, which have lifted the combined value of…
South Korea has overtaken India as the world’s sixth-largest equity market, driven by a powerful rally in AI-linked semiconductor stocks. The shift highlights growing investor concentration in chipmakers, while India’s market remains broader and more diversified. By Yoosef K June 2, 2026, 5:28:07 PM IST (Published) Chipmakers are reshaping global equity rankings, underscoring investors’ growing…
OYO parent PRISM has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO), sources told CNBC-TV18, moving the hospitality and travel technology firm a step closer to a public listing. The company had filed its confidential Draft Red Herring Prospectus (DRHP) in December 2025…
