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…
Equitas Small Finance Bank has received intimation that the Reserve Bank of India (RBI) has approved Mirae Asset Mutual Fund to acquire up to 9.5% of the bank’s paid-up share capital or voting rights. In an exchange filing on Monday, June 1, Equitas Small Finance Bank said the approval was granted by the RBI to…
State-owned lender Canara Bank on Monday (June 1, 2026) announced that Brajesh Kumar Singh has assumed charge as Managing Director and Chief Executive Officer of the bank, following a Government of India notification dated May 30, 2026. His tenure will be effective until April 30, 2029, the date of his superannuation, or until further orders,…
Two-wheeler maker Hero MotoCorp Ltd on Monday (June 1, 2026) reported dispatches of 570,068 units in May 2026, compared with 507,701 units in the same period last year. Domestic retail momentum remained strong during the month, with 496,957 VAHAN registrations, based on VAHAN data excluding Telangana as of June 1, 2026. The company’s overall domestic…
Nifty Prediction for Tuesday, June 2 by experts: The technical analysts further believe that traders should prepare for another volatile session, with key support levels likely to determine the near-term direction of the market. Nifty50 Prediction for Tuesday, June 2 by experts: The 50-share NSE Nifty is expected to witness a cautious-to-negative start on Tuesday,…
Markets regulator SEBI has approved US-based State Street Global Advisors’ proposed stake acquisition in Groww Asset Management, a wholly-owned subsidiary of Billionbrains Garage Ventures, the investment platform said on Monday. Following the proposed transaction, SSGA will acquire shares in Groww AMC and, upon completion of the deal, will hold voting rights of 4.85% and an…
Sensex Prediction for Tuesday, June 2 by experts: Market participants are bracing for continued near-term volatility as technical indicators flip decisively bearish, compounded by a major geopolitical flare-up in West Asia and surging global crude oil prices. Sensex Prediction for Tuesday, June 2 by experts: The Indian equity benchmark Sensex is staring at a highly…
