Nearly $100 billion has been wiped off TCS’ market value from its 2021 peak amid fears of AI-led disruption that have dragged down the broader IT pack. However, brokerage Nuvama believes the selloff is overdone, saying Gen AI poses no existential threat to the sector and could eventually expand the industry’s opportunity, prompting it to...Read More

Flipkart IPO: Flipkart is moving towards a public listing. Banks will be invited to pitch for work on its potential initial public offering as soon as next month. The e-commerce giant, backed by Walmart, is gauging investor appetite for a listing in Mumbai. An IPO could occur later this year or in early 2027. Proceeds...Read More

A unit of Adani Group raised about $500 million through a bond privately placed with funds managed by Apollo Global Management Inc., according to people familiar with the matter, highlighting the Indian conglomerate’s ongoing effort to tap funding outside the public dollar bond market.Read More

Market participants are closely watching evolving factors impacting sectors. Leadership shifts at InterGlobe Aviation and supply chain disruptions are key concerns. Electronics manufacturing shows promise with new policies. Energy stocks are seen as trading plays. Steel producers stand out with strong price appreciation. Investors face a dynamic landscape with selective opportunities.Read More

Securities and Exchange Board of India Chairperson Tuhin Kanta Pandey on Wednesday said the regulator has already eased the process of accreditation of Alternate Investment Fund (AIF) investors, and it will ease them further.Read More

Australian shares rose for a second consecutive session on Wednesday, clawing back some losses from a conflict-driven selloff earlier this week, led by miners as investors weighed the ‌chances of ⁠an interest ⁠rate hike next week.Read More

Japanese ​shares extended their rally for a ​second session on Wednesday, as investors bought beaten-down stocks, ​and worries eased about global oil supplies amid the Middle East conflict.Read More

Indian stock markets are facing pressure. Benchmark indices are struggling to move higher. Experts believe the market trend is still downwards. Traders are cautious about investing fresh capital. Some sectors like sugar and pharmaceuticals may offer opportunities. These sectors are seen as potentially resilient during this period of market uncertainty.Read More

JustDial’s market capitalization has fallen below its cash reserves, prompting questions about its valuation. Despite a significant drop in share price, the company’s strategy for deploying its substantial cash holding remains unclear. Investors are advised to await a defined capital allocation policy before considering it a value pick.Read More

IndiGo’s parent company, InterGlobe Aviation, sees its shares in focus following CEO Pieter Elbers’ departure. Analysts suggest the airline’s robust internal systems will likely prevent significant disruption. Despite past operational issues, the company’s strong market position and favorable operating conditions present a potential buying opportunity for investors. IndiGo’s expansion plans remain on track.Read More