HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 crore
HCL Tech share price gained 3% after i invested $150 million in Sarvam AI, India’s largest AI startup, acquiring a 10.46% stake. This strategic partnership aims to bolster HCLTech’s enterprise AI capabilities by developing industry-specific language models and leveraging Sarvam AI’s multilingual and sovereign AI solutions for global clients.
GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discount
The government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today at a floor price of Rs 352 per share. This move aims to raise over Rs 3,087 crore and is part of the government’s broader disinvestment strategy.
Don’t wait for FIIs: Nippon MF CIO Sailesh Raj Bhan on why market will rise before foreign money returns
Indian equities offer rare discounts for investors. Nippon India Mutual Fund’s Equity CIO, Sailesh Raj Bhan, advises accumulating world-class businesses now. Valuations have reset after two years of consolidation. The next 12 months present an opportunity to buy quality companies at sensible prices. This strategy positions portfolios for significant gains before foreign capital re-enters the […]
ETMarkets Smart Talk | Defence and electrification are multi-year structural themes for India: Prateek Agrawal
Geopolitical shifts and the drive for self-reliance are creating long-term investment opportunities in India’s defence and electrification sectors, according to Prateek Agrawal of Motilal Oswal AMC. He emphasizes focusing on businesses with durable earnings growth amidst evolving global dynamics, highlighting the potential for alpha generation in niche, high-growth spaces.
Positive Breakout: These 14 stocks cross above their 200 DMAs
In the Nifty500 pack, 14 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on June 15, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is […]
Oil Price Today (June 16): Crude oil rebounds after 5% plunge as traders await US-Iran peace deal details. Where are prices headed?
The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline came after U.S. President Donald Trump announced that a memorandum of understanding had been agreed to end the U.S.-Israeli war with Iran.
Motilal Oswal bullish on online travel portals
Motilal Oswal Financial Services has initiated coverage on online travel platforms Le Travenues Technology (Ixigo) and Yatra Online with a buy rating, while reiterating a buy on TBO Tek citing a structural uptrend in domestic travel and potential earnings growth as key drivers.
Vedanta demerger unlocks 20% value; Aluminium arm becomes most valuable
Vedanta’s five companies unlocked approximately 20% value following a major corporate restructuring. While four newly demerged businesses experienced early gains that turned into losses on their stock exchange debut, their combined value, along with the residual entity, saw a significant increase. This demerger aimed to simplify the group’s structure and unlock value for each pure-play […]
M-Cap of Vedanta’s split cos jumps 67% to Rs 3.5 lakh crore
Vedanta’s demerger has boosted shareholder value. The combined market capitalization of the parent and four new entities surged significantly. Investors are showing a premium for pure-play exposure to sectors like aluminium and oil and gas. Vedanta Aluminium is the dominant value driver. The residual Vedanta entity also holds substantial valuation. Smaller verticals are yet to […]
Global Market Today: Asian markets temper Iran deal optimism, BOJ decision in view
Asian stocks saw a modest rise, following a rally on news of a peace deal between Iran and the U.S. Investors are now focused on central bank decisions, including an anticipated rate hike from the Bank of Japan. Oil prices remained cautious, reflecting ongoing concerns about transit through the Strait of Hormuz.