US stock futures are trading lower on Tuesday, May 2, amidst continued uncertainties in US and Iran negotiations and despite an assurance by US President Donald Trump that negotiations continue at a “rapid pace” and that Israel and Hezbollah will stop firing for the time being. Futures linked to the Dow Jones are down around…
Shares of Cummins India Ltd. were trading lower on Monday, June 1, despite several brokerages raising their earnings estimates and price targets following the company’s stronger-than-expected March quarter performance. Brokerages largely attributed the earnings beat to robust domestic demand, rising contributions from the fast-growing data centre segment and continued strength in the distribution business, although…
Shares of TVS Motor Company gained nearly 2% on Monday, June 1, after the two- and three-wheeler manufacturer reported record monthly sales for May, driven by strong growth across domestic, export and electric vehicle segments. The company reported total sales of 566,585 units in May 2026, up 31.4% from 431,275 units in the same month…
Adani Green Energy Ltd (AGEL) has operationalised a 50 MW solar power project at Khavda in Gujarat, further expanding its renewable energy portfolio and bringing its total operational renewable generation capacity close to the 20 GW milestone. In an exchange filing on Monday, the company said the project was commissioned through its wholly owned step-down…
Bharat Coking Coal Ltd (BCCL) reported a weak operational performance for May 2026, with both coal production and offtake declining sharply from a year earlier, according to provisional data released by the company. Raw coal production fell 25.5% year-on-year to 2.28 million tonnes (MT) in May from 3.06 MT a year ago. Raw coal offtake…
Zee Entertainment Enterprises Ltd. shares jumped nearly 7% on Monday after the company announced a long-term partnership with FIFA that will bring some of world football’s biggest tournaments to Indian audiences over the next eight years. Under the agreement, Zee will broadcast 39 FIFA events between 2026 and 2034, including the FIFA World Cup 2026,…
India’s digital consumption story is increasingly becoming a “barbell market,” where premium consumers are driving rapid growth in quick commerce while value-conscious shoppers are boosting low-cost e-commerce platforms, according to Sachin Salgaonkar, Senior Analyst-APAC Telecom, e-commerce at BofA Global Research. Salgaonkar said the middle segment of the market is growing more slowly, creating a sharp…
Fears that artificial intelligence (AI) could sharply disrupt Indian IT services companies may be overstated, according to Kunal Tayal, Senior Analyst-IT, Real Estate at BofA Global Research, who believes recent advances in AI are actually expanding the sector’s long-term opportunity set. Tayal said AI is now moving beyond coding-related tasks into broader business processes, which…
Shares of Ola Electric Mobility Ltd. declined on Monday, June 1, even after the company’s retail data in May was the highest in seven months at 15,139 units. Before Monday’s drop, the stock had gained in seven out of the last 10 trading sessions. While the retail numbers declined 20% from the previous year, they…
Taiwanese laptop maker ASUS is accelerating its India localisation strategy, expecting locally manufactured laptops to contribute 30% of its India sales in 2026, up from about 10% last year. The company, which assembles laptops through Dixon Technologies, is also exploring higher local sourcing of components as it deepens its manufacturing footprint in the country, senior…
