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Markets
Business US stocks: Dow hits record high as oil prices ease, SpaceX rally continues
US stocks traded near records on June 16, 2026, with the Dow Jones hitting an intraday all-time high as falling oil prices and a US-Iran peace deal boosted sentiment. SpaceX continued its post-IPO rally, becoming the fifth-most valuable US company, and announced a $60 billion acquisition of software firm Anysphere. Financial and chip stocks gained, while markets await the Federal Reserve's rate decision.
Business Vishal Mega Mart Lock-In Expiry Frees Shares Worth Rs 10,813 Crore for Trade
Vishal Mega Mart shares are in focus as the lock-in period for its IPO expires, freeing up shares worth Rs 10,813 crore for trading. The stock listed at a 41% premium in December 2024, reached a 52-week high in August 2025, and has since corrected 26%. CEO Gunender Kapur expressed optimism for FY27, citing India's growing consumption story.
Business Dalal Street Cheers US-Iran Peace Deal, Oil Slide; Sensex Rises for Fourth Day
The BSE Sensex rose 544 points to 76,808, marking its fourth consecutive gain, driven by the US-Iran peace deal and a sharp drop in crude oil prices. Brent crude fell below $80/barrel for the first time in over three months. Meanwhile, the government's offer for sale in GIC received strong investor response, with plans to raise about Rs 3,000 crore.
Business Air India Launches 'Basic Fare' Option Without Complimentary Meals on Select Domestic Flights
Air India has launched a basic fare option on select domestic flights that excludes complimentary meals, marking a shift in its pricing strategy. The move is reported by the TOI Business Desk, which did not disclose specific routes or pricing details.
Business Zepto IPO: Can 10-Minute Delivery Sustain Profitability Under Public-Market Scrutiny?
Zepto has filed its draft red herring prospectus for an IPO of up to Rs 80,100 million, revealing revenues of Rs 22,623 crore for FY26 but pre-tax losses of Rs 6,468 crore. The company leads peers on order density per dark store, yet faces declining average order values and negative operating cash flow.
Commodities Brent crude slips as markets await clarity on US-Iran peace deal details
Brent crude futures edged lower on Tuesday as traders remained cautious after the US-Iran peace deal announcement lacked specific terms. August Brent slipped 0.30% to $82.92, while WTI eased 0.12% to $80.65. President Trump claimed ships carrying oil are moving out of the Strait of Hormuz, but Iran's President Pezeshkian said a final agreement has not yet been reached, keeping markets on edge.
Business RIL, IndiGo, Nestle India Lead Stock Watchlist on June 16 as Analysts Issue New Ratings
Analysts from Morgan Stanley, Citigroup, Macquarie, Jefferies, and Nomura issued ratings on Reliance Industries, LG Electronics India, GMR Airports, Interglobe Aviation (IndiGo), and Nestle India on June 16. RIL is highlighted as a top pick with a target of Rs 1,803, while IndiGo's management focuses on pricing over capacity. Nestle India faces regulatory notice over Maggi larvae complaint, which it disputes.
Commodities Oil Prices Still Above Pre-War Levels Despite US-Iran Truce Hopes
Oil prices remained above pre-war levels on Tuesday, trading around $80 per barrel, after the US and Iran signed a memorandum of understanding to end the conflict. WTI crude stood at $81.12 per barrel and Brent at $83.43 per barrel, as of Tuesday morning. The deal could reopen the Strait of Hormuz, which had shut in about 14 million barrels per day of output, but full details and a lasting truce have yet to be established.
Business Top Stocks to Buy Today: Oberoi Realty, HDFC Life, Blue Star, Phoenix Mills - June 16, 2026
Indian equities rallied on a US-Iran peace deal, adding Rs 18.15 lakh crore in investor wealth. Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan, recommends buying Oberoi Realty, HDFC Life Insurance, Blue Star, and Phoenix Mills as technical picks for June 16, 2026.
Business West Asia peace deal lifts Sensex 736 points, rupee strengthens 40 paise
The West Asia peace deal between the US and Iran sent Indian stocks soaring, with the Sensex gaining 736 points to close at 76,264. Foreign portfolio investors turned net buyers after days of selling, while crude oil prices plunged over 5% and the rupee strengthened 40 paise to 94.71 against the dollar.
Business Vedanta's Four Demerged Businesses List on Indian Bourses, Unlocking Rs 50,000 Crore
Vedanta Ltd completed a landmark demerger, listing four businesses — aluminium, oil & gas, iron & steel, and power — on bourses. The move unlocked over Rs 50,000 crore in market value, with Vedanta Ltd's market capitalisation reaching Rs 1.2 lakh crore at close.
Business Sensex Surges 736 Points, Nifty Jumps 231 Points on US-Iran Peace Deal; Midcap, Smallcap Indices Rise
Benchmark Indian equity indices Sensex and Nifty surged nearly 1% on June 15, 2026, following a US-Iran peace agreement that eased geopolitical tensions and triggered a decline in crude oil prices. The broader market also saw gains, with Midcap100 up 1.3% and Smallcap100 up 1.1%. Broad-based buying was observed across most sectors.
Business Wall Street Rallies, Oil Tumbles as US and Iran Reach Deal; AI and Travel Stocks Surge
Wall Street rallied sharply on Monday after the United States and Iran reached a tentative agreement to extend the ceasefire and reopen the Strait of Hormuz, causing oil prices to plunge. The S&P 500 rose 1.5%, the Dow jumped 638 points, and the Nasdaq gained 2.3%. AI-linked stocks and travel companies surged, while easing oil prices reduced inflation fears and lowered the probability of a Fed rate hike.
Business Bombay High Court Quashes Government's Retrospective Spectrum Charge, Providing Relief to Telecom Companies
The Bombay High Court on Monday quashed the government's one-time spectrum charge imposed retrospectively from 2008, providing major relief to Bharti Airtel and Vodafone Idea. The court held that the government cannot unilaterally alter financial terms of telecom licences after they have been granted. The retrospective demands cumulatively exceeded Rs 6,000 crore for the two companies.
Business Marriott reports strong domestic travel since West Asia war, inbound hit
Marriott International reports that strong domestic travel in India is offsetting the impact of the West Asia war on inbound tourism. Over 40% of air traffic to India via the Middle East has slowed, but local travelers are shifting trips domestically, leading to a recovery in revenue per available room (RevPAR) after a March dip.
Business Maharashtra CM: Dharavi redevelopment to follow Singapore, Hong Kong model, with global hub
Maharashtra Chief Minister Devendra Fadnavis announced that the Dharavi Redevelopment Project will follow modern housing development models from Singapore and Hong Kong. The first phase targets completion by March 2028, delivering 10,000 homes. The project includes a multi-modal transport hub, MSME support for local industries, and preservation of Dharavi's industrial ecosystem.
Business G Square revives industrial plot business, targets ₹2,000-crore sales this fiscal
G Square Group is reviving its industrial plot development business after a five-year hiatus, targeting ₹2,000 crore in sales this fiscal. The company also plans ₹5,000 crore in residential plot sales and has launched a new project in Gummudipoondi.
Business SpaceX IPO: Record $75B Listing on Nasdaq Opens Limited Window for Indian Investors
SpaceX, led by Elon Musk, is set to list on Nasdaq on Friday in the largest IPO ever, raising $75 billion. The $135-per-share IPO values the unprofitable company at roughly $1.75 trillion. Indian retail investors cannot participate directly but can buy shares after debut through international platforms or NSE IX in GIFT City. Experts are divided on whether the stock is worth the price given its lack of profitability and high expectations.
Business Top stocks to buy or sell today: Stock market recommendations for June 9, 2026 - check list
The Times of India Business Desk published a list of stock market recommendations for June 9, 2026, but the article contains no specific buy or sell calls. Instead, it describes the desk's role and provides links to financial calculators for loans, SIPs, PPF, FDs, NPS, and mutual funds.
Business US stock markets rebound on AI recovery as oil prices ease from overnight highs
Wall Street recovered on Monday, June 8, 2026, as AI-linked stocks rebounded from Friday's sell-off, pushing the S&P 500 up 0.7%. Oil prices eased from overnight highs above $98 to $94.25 despite ongoing Israel-Iran tensions. Asian markets fell, with Japan's Nikkei declining 3.8%.
Business Tata Sons Records High-Teen Profit Growth Despite Rocky Year
Tata Sons' board approved financial results for FY26 showing high-teen profit growth, despite lower dividend income from operating companies. Chairman N Chandrasekaran's reappointment was not on the agenda again. The board also recommended a dividend to equity shareholders, benefiting Tata Trusts which holds 65% of the holding company.
Business SpaceX IPO Soars to $2.1 Trillion, Becoming Seventh Most Valuable Company
SpaceX made a blockbuster stock market debut, with its valuation surging above $2 trillion and securing the seventh spot among the world's most valuable listed companies. The IPO raised $75 billion, the largest ever, and the stock closed nearly 19% above its offer price.
Business Profitability Remains Key Concern as Zepto Lines Up IPO Amid High-Volume Pitch
Quick-commerce platform Zepto has updated its draft red herring prospectus for an IPO, highlighting rapid order growth but persistent losses. The company processed 210 million orders in Q1 FY26, nearly double Swiggy Instamart, but Blinkit leads with both order volume and profitability. Zepto's adjusted EBITDA loss stood at Rs 1,248 crore in the March quarter, while Blinkit posted a profit.
Business Geopolitical Tensions Cap Gains: Sensex Edges Up, Nifty Falls on June 10
Indian benchmark indices ended mixed on June 10, 2026, with the Sensex rising marginally and the Nifty closing lower, as renewed US-Iran hostilities weighed on investor sentiment. Banking and FMCG stocks led gains, while metals and IT stocks declined. Key gainers included HUL, Axis Bank, and ICICI Bank, while Hindalco, Coal India, and Infosys were among the top losers.
Business India equity fund inflows hit 12-month low as West Asia risks rattle markets
Net inflows into Indian equity mutual funds declined to Rs 22,908 crore in May, down 40% from April and the lowest in 12 months, according to AMFI. Geopolitical tensions in West Asia and rising crude oil prices weighed on investor sentiment. Monthly SIP contributions remained steady at Rs 30,954 crore, providing stability despite broader market volatility.
Business Dalal Street Outlook: Inflation, Fed Verdict, Crude Oil, and US-Iran Deal Hopes to Steer Indian Markets
Indian equity markets face a week shaped by domestic inflation data, the US Federal Reserve's interest rate decision, crude oil price movements, and progress on the proposed US-Iran agreement. Foreign portfolio investor outflows remain a pressure point, while a strong previous week saw the Sensex gain 1,284.61 points.
Business Wipro's Rs 15,000 Crore Buyback Opens: What Retail Investors Should Know
Wipro's Rs 15,000 crore buyback opened on June 10, offering shares at Rs 250 apiece—well above the market price of under Rs 180. Small shareholders have higher entitlement ratios, but analysts expect only about 21% acceptance, limiting potential gains. The offer closes on June 17.
Business US-Iran Peace Deal Lifts Markets: Asian Stocks Soar, Dollar Slides to June 5 Low, Oil Tumbles & Gold Jumps 2%
The United States and Iran announced a framework agreement to end their conflict, reopening the Strait of Hormuz and lifting the US naval blockade. Global markets rallied on Monday, with Asian stocks surging, the US dollar falling to a 10-day low, oil prices tumbling over 4%, and gold jumping 2%.
Business SBI Securities recommends Karnataka Bank, Avalon Technologies for week; Nifty eyes 23,800
Sudeep Shah of SBI Securities recommends Karnataka Bank (accumulate in 273-278 zone, target 295) and Avalon Technologies (accumulate in 1685-1695 zone, target 1810). Nifty closed the week up 1.10%, with technical indicators supporting further recovery towards 23,800.
Business SpaceX's First Employee Tom Mueller Reacts to Company's $1.8 Trillion Market Debut
SpaceX, co-founded by Elon Musk and Tom Mueller in 2002, is set to go public with a valuation exceeding $1.8 trillion. In a BBC interview, Mueller, the company's first employee, discussed Musk's vision and the milestone.
Business AI Stock Valuations Are a 'Definite Bubble,' Says India's Chief Economic Adviser
India's Chief Economic Adviser V Anantha Nageswaran has described AI-related stock valuations as a 'definite bubble,' stating that much of the hype is driven by companies seeking capital. He cautioned that fears of AI-driven job losses are exaggerated and that a serious assessment can only occur after the market excitement subsides.
Business Tata Consumer Products Crosses Rs 20,000 Crore Revenue, Eyes 25% Annual Growth From Acquisitions
Tata Consumer Products has surpassed Rs 20,000 crore in annual revenue. Chairman N Chandrasekaran said acquisitions Capital Foods, Soulfull and Organic India are expected to grow 25% per year. The Tata Starbucks joint venture turned profitable in FY26 and plans to add 50–100 stores annually.
Business Game On: Indian Brands Score with FIFA World Cup Marketing Blitz
Indian brands are capitalizing on the FIFA World Cup with product launches, sponsorships, and promotions across QSR, electronics, and beverages. LG reports 2x growth in large-screen TVs, while Taboola data shows India is the second-most engaged market globally for World Cup content. Zee has signed over 12 brands including Mahindra, Apple, and Diageo for advertising.
Business Embassy Developments Targets ₹8,000 Crore Pre-Sales in FY27 Amid West Asia Supply Chain Pressures
Embassy Developments Ltd aims for ₹8,000 crore in pre-sales for FY27, a 73% jump from the previous year. Managing Director Aditya Virwani cited robust end-user demand but flagged West Asia-linked supply constraints for tiles and other materials, which are squeezing industry profit margins. The company will launch ₹19,500 crore worth of homes across Bengaluru, MMR, and Delhi-NCR to meet the target.
Finance KKR warns leveraged deals from 2021 and treasuries face pressure as central banks tighten
Global investment firm KKR has warned that central banks globally will start tightening this year, cautioning on long-duration government bonds, over-levered 2021 vintage deals, lower-income consumer exposure, and assets dependent on the old regime of low inflation and low rates. The warning came in its mid-year outlook report 'The Divergence Conundrum'.
Business Asian Markets Rally, Crude Plunges on US-Iran Peace Deal Announcement at Strait of Hormuz
Asian equities advanced sharply and crude oil prices fell steeply after signs of a preliminary US-Iran peace deal, including reopening of the Strait of Hormuz. Pakistan PM Shehbaz Sharif and US President Donald Trump confirmed the agreement, which boosts hopes of lower global inflation and reduced pressure on central banks.
Business Friday's US Market Selloff to Weigh on Dalal Street Sentiment, Analysts Warn
A sharp selloff in US markets on Friday, led by a 4.2% plunge in the Nasdaq, is expected to weigh on Indian stocks on Monday. Foreign portfolio investors (FPIs) have already net sold nearly Rs 43,000 crore in June, pushing 2026 outflows to a record Rs 3 lakh crore. Analysts say the AI-driven rally that diverted foreign capital away from India may be losing steam, potentially prompting a reversal.
Business India aviation ministry launches study to strengthen financially troubled airlines
India's Union aviation ministry has initiated a study on financially stressed airlines to assess structural challenges and identify measures to improve sector resilience. The move, spurred by the ongoing West Asia crisis, seeks stakeholder input on policy, regulatory, and operational reforms. Airlines recommend bringing aviation turbine fuel under GST, revising airport charges, and implementing price surveillance on monopoly routes.
Business BSE Sensex Crashes Over 900 Points, Nifty50 Near 23,100 as US-Israel-Iran Tensions Fuel Sell-Off
Indian equity markets opened sharply lower on June 8, 2026, with the BSE Sensex crashing over 900 points and the Nifty50 falling near the 23,100 mark. The sell-off was driven by escalating geopolitical tensions involving the US, Israel, and Iran, along with a surge in crude oil prices. Technical indicators show a weak setup with key support at 23,000-23,100.
Business Titan, Bharti Airtel, Adani Ports & More: Top Stocks to Watch on June 8, 2026
Top stock picks for June 8, 2026, include Titan (overweight, Rs 5,182 target), Bharti Airtel (Airtel Money IPO in H2 2026 at $10B valuation), Adani Ports (record cargo volumes), Maruti Suzuki (volume recovery, GST boost), and M&M (SUV demand optimism). Analysts from Morgan Stanley, CLSA, Goldman Sachs, JP Morgan, and Nomura provide ratings and targets.
Business Market Rally Adds Rs 1.9 Lakh Crore to Top 10 Firms' Value; ICICI Bank Emerges Biggest Gainer
The combined market capitalisation of eight of India's 10 most-valued companies surged by Rs 1.90 lakh crore last week, with ICICI Bank posting the biggest gain, according to PTI. The rally was driven by improved global sentiment, RBI measures, and hopes of a US-Iran peace deal. Reliance Industries remained the most-valued firm, while TCS and LIC saw declines.
Business Wadhwa Group Leases 33K Sq Ft Office Space to Morningstar in Mumbai for ₹44 Crore Over 9 Years
Wadhwa Group has leased nearly 33,000 sq ft of office space to global investment research firm Morningstar at its Vishwaroop IT Park in Mumbai for a total rental of ₹44 crore over a nine-year period. The transaction expands Morningstar's footprint in the project to 4.45 lakh sq ft, and comes as Wadhwa Group prepares for an IPO and India's office market hits a record quarterly leasing volume of 29.9 million sq ft.
Business BlackRock Says India Over-Punished by Markets; Sees Trade-Relevant Long-Term Strength
BlackRock argues India's market is over-punished for lacking AI exposure and facing oil price headwinds. The world's largest asset manager remains constructive on India's medium- to long-term prospects, citing 6-7% GDP growth and strong fundamentals. Trade implications include higher oil import costs but sustained foreign investment.
Business Stock Recommendations for June 10, 2026: Bank of India, Hindustan Zinc, Union Bank of India – Technical Picks by Anand Rathi
Mehul Kothari, DVP - Technical Research at Anand Rathi Shares, has issued stock recommendations for June 10, 2026, identifying Bank of India, Hindustan Zinc, and Union Bank of India as top buys based on technical patterns including consolidation breakouts and support zones.
Technology Founders from Goldman and Meta build voice AI for Africa and Middle East markets
AethexAI, a startup founded by former Goldman Sachs and Meta employees, has raised $3 million in pre-seed funding to build voice AI for customer service in Africa and the Middle East. The company uses its own small models (Kora series) to handle local dialects of English, French, and Arabic, addressing latency and accuracy issues plaguing larger models in these regions. It currently processes over 17,000 calls per day.
Business Elon Musk Becomes World's First Trillionaire: A $1.11tn Wealth Journey in Charts
Elon Musk has become the world's first trillionaire with an estimated net worth of $1.11tn, according to Bloomberg. The milestone was driven by soaring valuations of Tesla and SpaceX, with key events including the SpaceX IPO in June 2026 and volatile swings tied to Tesla's share price and political sentiment.
Business Mint Mobile Enhances Data Plans Without Price Hike
Mint Mobile has increased the data allowances on its non-unlimited plans without raising prices, making its offerings more competitive. The entry-level plan now offers 6GB for $15 per month, while the 15GB and 20GB plans have been increased to 17GB and 23GB, respectively.
Business Ryanair Investigated by UK CMA Over Parent-Child Seating Fees
The UK's Competition and Markets Authority (CMA) has launched an investigation into Ryanair over its practice of charging parents a mandatory fee to sit next to their child on flights. The fee, typically £8 each way, is required by the airline's terms for children aged 2-11. The CMA is examining whether this charge violates consumer protection laws regarding safety and disability obligations.
Business SpaceX IPO overwhelms Robinhood as users report widespread outages
Robinhood experienced significant technical issues on the first day of SpaceX's public trading, with users reporting outages and latency problems. The brokerage confirmed 'record-breaking traffic' and intermittent issues, reminiscent of the 2021 meme stock frenzy. The incident highlights ongoing challenges for retail trading platforms during high-profile market events.
Business Ikea's New Outdoor Dining Range: Affordable Elegance
Ikea has launched a new outdoor dining range featuring understated colors and practical designs, with prices starting at just 59 cents. The range is made from durable polypropylene plastic and is dishwasher-safe, appealing to consumers seeking both style and functionality.
Business Bajaj Centenary Film Leads Brand Campaign Roundup; Toing, Oriflame, Redcliffe La
Bajaj group released a centenary film using AI and directed by Rajkumar Hirani. Swiggy's affordable platform Toing debuted a brand film emphasizing low prices. Oriflame executed an influencer-led North-East Yatra covering 5,000 km. Redcliffe Labs launched a campaign starring Gautam Gambhir but critics found execution jarring.
Business MANGOS: The New IPO Acronym Taking Over Markets — TechCrunch Podcast
According to TechCrunch's Equity podcast, the IPO market has revived with a new acronym: MANGOS — Meta (or Microsoft), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of these companies are going public in the same window, creating a stress test for investors. The episode also covers Apple's WWDC and a $250M settlement, Waymo leveraging Apple's abandoned self-driving project, a $920M/month Google-SpaceX compute deal, and Sam Bankman-Fried's pardon request.
Business Wall Street rebounds as AI stocks recover; SpaceX debut and Iran tensions in foc
US stocks rebounded over two sessions, with AI-linked stocks recovering from recent volatility. Oracle tumbled 10% after announcing a $40 billion debt-and-equity plan for AI investments, while chipmakers Intel and Applied Materials surged. Oil prices fell sharply after President Trump withdrew a strike threat against Iran, boosting sentiment. The much-anticipated SpaceX IPO began trading on the Nasdaq, commanding a $1.77 trillion market value. The ECB raised rates by 25 basis points, and markets await the Fed decision next week.
Asian & European markets up
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Business Bajaj Broking Recommends HDFC Bank, NBCC as Top Buys on June 12
Bajaj Broking Research has issued buy recommendations for HDFC Bank and NBCC on June 12, 2026, citing technical setups. HDFC Bank is recommended in the ₹730-750 range with an upside target of ₹820, while NBCC is suggested in the ₹100-102 range targeting ₹115. The brokerage also provides an index outlook, noting Nifty's consolidation between 23,000 and 23,550 and Bank Nifty's outperformance with a breakout above a falling trendline.
Business SpaceX IPO Set for Historic $1.77 Trillion Wall Street Debut
SpaceX is preparing for its Wall Street debut, raising approximately $75 billion at $135 per share, giving it an initial valuation of around $1.77 trillion. The IPO is the largest in history and tests market appetite for trillion-dollar futuristic tech companies. The listing has been widely discussed as one of the most anticipated stock market events.
Business BBC's The Split Up Spinoff Signals Content Franchise Strategy for Media Execs
BBC has released the trailer for The Split Up, a six-episode spinoff of the popular legal drama The Split. The new series, created by Ursula Rani Sarma, shifts to Manchester’s high-net-worth divorce circuit and introduces a new family, signaling BBC's strategy to extend valuable IP without original creator Abi Morgan. For media investors, the spinoff represents a common tactic to maximize returns on established brands while refreshing creative direction.
Business Gen Z Drives Cinema Revival, PVR Inox Reports
Gen Z consumers are driving a resurgence in cinema attendance, according to PVR Inox. The demographic accounts for 57% of Hindi box office collections and 70% of first-day revenues, per Ormax Media’s TOBAR 2026 report. Original films like 'Obsession' and 'Backrooms' are resonating with younger audiences, signaling a shift away from franchise content.
Business Spacex IPO: Record $75B Haul Tests Musk's 'Extreme' Ownership Model
SpaceX raised $75 billion in its IPO, valuing it at $1.75 trillion, the largest public offering in history. Despite a generous 30% retail allocation, individual investors are unlikely to see significant gains due to oversubscription and IPO mechanics. Meanwhile, CEO Elon Musk retains 85.1% voting power, raising governance concerns even as the company's 'extreme ownership' culture drives its success.
Business SpaceX Sets Record with Highest-Value IPO in History
SpaceX will become a publicly traded company on Friday in what the BBC reports is expected to be the highest-value stock listing in history. The IPO also positions CEO Elon Musk to become the world's first trillionaire, according to the BBC's Samira Hussain.