IT services major Wipro Ltd on Monday (June 1) said its step-down subsidiary, Wipro IT Services, LLC, will acquire an additional 20% stake in Aggne Global Inc for $28.5 million, taking its overall shareholding in the company to 80%. The transaction is expected to be completed by June 5, 2026. “…it is hereby informed that…
Stock Market Closing: Domestic equities ended lower on Monday, weighed down by weak global cues and persistent geopolitical tensions. Benchmark indices remained under pressure for most of the session, with broad-based selling seen across sectors. The BSE Sensex, after hitting an intraday low of 74,203.68, ended the session at 74,267.34, down 508.40 points or 0.68…
MOFSL’s Large-, Mid-, and Small-cap universe delivered earnings growth of 12%, 36%, and 19% YoY, respectively, in 4QFY26. (AI image) Indian Q4 Earnings Motilal Oswal Review: Corporate India reported a stronger-than-expected earnings performance in the March quarter of FY26, with commodity-linked sectors and financials leading the upside, according to a report by Motilal Oswal Financial…
Foreign institutional investors (FIIs) dumped a record ₹21,105 crore worth of Indian equities on Friday, May 29, marking the largest single-day sell figure on record and renewing concerns over foreign money leaving domestic markets. The heavy selling came as the Nifty continued to trade below its five-year average valuation, raising questions over when overseas investors…
Shares of Eicher Motors fell on Monday, June 1, after its motorcycle subsidiary Royal Enfield reported total motorcycle sales of 103,231 units in May 2026, up 15.4% from 89,429 units in the corresponding month last year and slightly ahead of the CNBC-TV18 poll estimate of 100,000 units. Domestic sales rose 24.1% year-on-year to 94,115 units…
Shares of Ashok Leyland fell more than 3% after the commercial vehicle manufacturer reported a decline in May sales, with volumes coming in below Street expectations amid weakness in its medium and heavy commercial vehicle (M&HCV) segment. The company reported total sales of 14,923 units in May 2026, down 3.6% from 15,484 units in the…
The equity benchmark indices BSE Sensex and NSE Nifty erased opening gains and closed near the day’s low on Monday (June 1) amid broad-based selling pressure led by banking, auto and heavyweight stocks. The Sensex fell 508 points to close at 74,267, while the Nifty declined 165 points to settle at 23,383, slipping below the…
The latest quarterly results of tech companies show that AI has not negatively impacted the software as a service (SaaS) demand yet, as per a recent note by brokerage firm CLSA. The brokerage released a note titled “How Much of SaaSpocalypse Is Real” on May 30, 2026. It stated that most SaaS companies have maintained…
India’s prolonged foreign investor selling is being driven more by short-term cyclical pressures than any permanent loss of confidence in the country’s growth story, according to Arbind Maheswari, Head of India Equities at BofA Securities. Maheswari believes a large part of the negative news around earnings, geopolitics and global fund flows may already be priced…
Shares of Tata Motors Ltd. were trading lower on Monday, June 1, after the company’s commercial vehicle (CV) business reported a 17% year-on-year increase in sales for May 2026, although the figure came in below market expectations. Total commercial vehicle sales, including domestic and international markets, stood at 32,850 units during May, compared with 28,147…
