Lenskart converts to public entity ahead of potential $1-billion IPO
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Moneycontrol
Lenskart converts to public entity ahead of potential $1-billion IPO
The company’s board has passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited
India central bank's large rate cut squeezes forward premiums, leaves rupee vulnerable, analysts say
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Moneycontrol
RBI's large rate cut squeezes forward premiums, leaves rupee vulnerable, analysts say
The 1-month U.S. dollar/rupee forward premium — typically more sensitive to liquidity conditions — fell to 7.5 paisa, its lowest level since November.
🚨Beyond vacations: Nainital, Shimla & Rishikesh emerge as top second home destinations
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Moneycontrol
Beyond vacations: Nainital, Shimla & Rishikesh emerge as top second home destinations
Market observers note that these tourist destinations present an attractive proposition for second homes and long-term investments due to their lower entry costs and robust appreciation potential.
Tata Motors targets market share and margin growth in 2027 amid trade turmoil
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Moneycontrol
Tata Motors targets market share and margin growth in 2027 amid trade turmoil
Tata Motors said its CV business will be 'stepping up the pace now', setting sight on a 40% market share by 2027 with teen EBITDA margin. Commercial vehicles at Tata Motors could see a proactive investment in decarbonisation along with software defined vehicles…
📊Asian stocks advance as US-China talks continue
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Moneycontrol
Asian stocks rise on US-China talks, yen declines
Shares in Hong Kong and China traded within a tight range, while US equity-index futures advanced.
#MarketsWithMC | 🚨 Market participants raise concerns over BSE's liquidity-based fee structure; exchange says compliant with SEBI norms
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Moneycontrol
Market participants raise concerns over BSE's liquidity-based fee structure; exchange says compliant with SEBI norms
Some participants have raised concerns about BSEs fee structure based on liquidity of the stocks, calling it discriminatory against X, XT category of stocks and adding high cost of transactions for investors of such category of shares. BSE denied the allegations…
ITD Cementation shares hit fresh 52-week high on bagging contract worth Rs 893 crore
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Moneycontrol
ITD Cementation shares hit fresh 52-week high on bagging contract worth Rs 893 crore
ITD Cementation shares jumped to a fresh year's high on bagging a mega project in Odisha. Earlier, the company announced a Rs 593 crore deal for infrastructure work at Jaipur International Airport.
#StartupsWithMC | With a focus on meals below Rs 150 and offline-equal prices, Rapido’s Ownly is a zero commission food delivery model for Bharat
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Moneycontrol
With a focus on meals below Rs 150 and offline-equal prices, Rapido’s Ownly is a zero commission food delivery model for Bharat
Rapido will aim to take on the long held duopoly enjoyed by Zomato and Swiggy in the online food delivery space. As it happens, Swiggy is an investor in Rapido.
#MarketsWithMC | Cautious Optimism on Wall Street as US-China Talks Continue; European Markets Edge Higher
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Moneycontrol
Cautious Optimism on Wall Street as US-China Talks Continue; European Markets Edge Higher
US stocks edged higher midday Tuesday as investors awaited signs of progress from a second day of US-China trade talks in London, while European shares closed slightly up, led by strong gains in autos and energy sectors.
🚀 Axiom-4 mission to ISS delayed, SpaceX cites liquid oxygen leak
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Moneycontrol
Axiom-4 mission to ISS delayed, SpaceX cites liquid oxygen leak
SpaceX confirmed the delay early Wednesday morning, citing the need for additional time to repair a liquid oxygen (LOx) leak detected during post-static fire booster inspections.
🚨 India’s domestic AI market to triple to $17 billion by 2027: BCG report
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Moneycontrol
India’s domestic AI market to triple to $17 billion by 2027: BCG report
In terms of talent growth, India has over 600,000 AI professionals, with the number expected to double to 1.25 million by 2027
#MarketsWithMC | Tata Communications defers target to double data revenue by a year, MOSL Neutral but Nuvama rates as Buy
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Moneycontrol
Tata Communications defers target to double data revenue by a year, MOSL Neutral but Nuvama rates as Buy
The MOSL note said the ambition of a higher digital portfolio is 'very optimistic' without any future acquisitions. It has priced in a three-year CAGR of around 12 percent for digital revenue, reaching around Rs 12,800 crore by FY28, which would be almost…
Gold rate today: Yellow metal rebounds; check the latest prices in your city on June 11
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Moneycontrol
Gold rate today: Yellow metal rebounds; check the latest prices in your city on June 11
Gold rate today: The precious metal's August contracts on MCX opened at Rs 97,249 per 10 gram on June 11.
Jio BlackRock Investment Advisers receives SEBI nod to launch advisory business
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Moneycontrol
Jio BlackRock Investment Advisers receives SEBI nod to launch advisory business
Jio BlackRock Investment Advisers, which is a 50:50 joint venture between Jio Financial Services and BlackRock, also announced the appointment of Marc Pilgrem as its CEO and MD.
ClosingBell 🔔 | Nifty off day's highs but extend gains to sixth straight day 📊
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Hindustan Zinc announces Rs 10 interim dividend for FY26; shares tumble 3%📊
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Moneycontrol
Hindustan Zinc announces Rs 10 interim dividend for FY26; shares tumble 3%
Hindustan Zinc share price: The shares of the Vedanta Group company have now snapped a four-day gaining streak, which was triggered by the sharp rally in silver prices.
Wall Street opens higher as soft May inflation boosts rate cut hopes; trade truce cheers markets📊
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Moneycontrol
Wall Street opens higher as soft May inflation boosts rate cut hopes; trade truce cheers markets
Nasdaq leads early gains as rare earth deal signals thaw in US-China ties; CPI surprise nudges yields lower
#Business | Adani plans airport unit IPO by 2027, hastens $100 billion capex
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Moneycontrol
Adani plans airport unit IPO by 2027, hastens $100 billion capex
Currently owned by the flagship Adani Enterprises, the firm operates eight airports and will be opening a new terminal on the outskirts of Mumbai in a few months time
📉Dollar slides on easing trade tensions, Fed expectations
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Moneycontrol
Dollar slides on easing trade tensions, Fed expectations
Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs are imposed.