Domestic bullion prices remained under pressure on Tuesday (June 30), with MCX gold and silver futures extending losses in line with weakness in international markets amid rising expectations of further US interest rate hikes and continued strength in the dollar.On the Multi Commodity Exchange (MCX…
Shares of Suzlon Energy Ltd. gained on Tuesday, June 30, after the company said it won a 105 MW order from Sunsure Energy. The stock has cooled off from the highs of the day.The order also marks the commercial debut of Suzlon Energy's S175 turbine, India's tallest, most powerful and FDRE-ready wind…
Steven Englander, Managing Director, Global Head of G10 FX Research and North American Macro Strategy at Standard Chartered Bank, expects the US dollar index to continue edging higher, driven by structural forces rather than cyclical ones. He says AI-led productivity gains are lifting long-term rea…
Waaree Energies Ltd., on Tuesday, June 30, announced that its wholly-owned subsidiary won an order to supply 236.22 MW solar modules. The stock, after opening higher, gave up gains to trade with losses.The company said its wholly-owned subsidiary Waaree Solar Americas received the order to supply t…
Investors should scale back their cash holdings amid elevated inflation, Citi Wealth Investments warned.Recent price data has come in hot. The consumer price index rose at an annual rate of 4.2% in May, the highest in three years, and the personal consumption expenditures price index for May, the F…
Shares of Genus Power and Infrastructure Ltd. fell as much as 11% on Tuesday, June 30, after a block deal took place in the stock in the pre-open block window.As many as 88 lakh shares of the company, or 2.9% of its outstanding equity changed hands in Tuesday's block deal as per data available.Shar…
India’s rupee opened weaker on Tuesday (June 30), slipping 3 paise to 94.57 against the US dollar compared with Monday’s (June 29's) close of 94.54/$, tracking losses in Asian peers and persistent dollar demand from importers.The domestic currency remained under pressure despite relatively stable c…
Hospitality technology company PRISM, the parent of OYO, has filed its Updated Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI) for an initial public offering comprising a fresh issue of equity shares worth up to ₹6,650 crore, marking the company’s renew…
Adani Ports and Special Economic Zone Ltd. (APSEZ) announced a definitive agreement with Terminal Investment Limited (TiL). TiL, the container terminal operating and investing arm of the Mediterranean Shipping Company (MSC) Group, will acquire a 49% interest in Adani Vizhinjam Port Pvt. Ltd. (AVPPL…
Shares of infrastructure and capital goods companies such as Larsen & Toubro (L&T), KEC International, NCC and Genus Power Infrastructures are expected to be in focus on Tuesday, June 30, after the Union Cabinet approved an additional investment commitment of ₹30,000 crore to the National Investmen…
Shares of Godrej Properties Ltd. gained Tuesday, June 30, after the company said it has acquired a 47 acre land parcel Chennai via an outright purchase.The land parcel in question is located off the old Mahabalipuram road (OMR), which is one of the fast-growing micro markets in South Chennai, the c…
Taiwan government agencies raided the offices of Super Micro Computer and several of its local affiliates, deepening an investigation into the alleged smuggling of Nvidia chips into China using the company’s servers.Local investigators raided the residences of six people and the sites of three affi…
China’s factory and non-manufacturing activity fared better than expected in June, as booming exports offset cooling growth in the domestic economy.The official manufacturing purchasing managers’ index climbed to 50.3 after slipping in May to 50, the threshold separating expansion from contraction…
Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing.The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a restructuri…
Shares of Bajaj Finance, Bajaj Finserv and two other companies from the Bajaj Group are set to trade adjusted for their respective dividends.While Bajaj Finance, Bajaj Finserv, Maharashtra Scooters shares will adjust for final dividends, Bajaj Holdings shares will be adjusted for both special and f…
Public sector lenders Canara Bank, Bank of Baroda (BoB) and Indian Bank together paid a dividend of ₹7,023 crore to the government for the financial year 2025-26 on Monday (June 29).Newly appointed Canara Bank MD and CEO Brajesh Kumar Singh presented a dividend cheque of ₹2,397 crore to Finance Min…
Shares of telecom service provider Bharti Airtel Ltd.'s valuation premium in comparison to its global peers is justified based on four important factors, brokerage firm Nomura highlighted in its latest note on Tuesday, June 30.Nomura maintained its "buy" recommendation on Bharti Airtel and raised i…
Shares of Maruti Suzuki India Ltd., the country's largest passenger vehicle maker, will be in focus on Tuesday, June 30, after brokerage firm Jefferies upgraded the stock to 'Buy' from 'Hold' and raised its price target to ₹16,500.The revised target price implies a potential upside of more than 22…
Gold and silver prices declined sharply in early trade on Tuesday (June 30), extending recent losses as expectations of further US interest rate hikes and a stronger dollar weighed on investor sentiment.COMEX Gold was trading at $3,981.50 per ounce, down $57.40 or 1.42%, after touching an intraday…
The yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.The yen weakened to 162.27 per dollar in early tradi…
