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IndiGo has signed a significant MoU with CFM International for over 1,000 LEAP-1A engines. This agreement marks the largest single order ever placed for LEAP engines. CFM International will also support IndiGo’s new engine maintenance facility. The airline’s partnership with CFM International continues its growth phase. This deal strengthens IndiGo’s expanding fleet and operational reliability.
Morningstar sees six megacap stocks as undervalued opportunities. Nvidia’s AI GPU systems are expected to drive strong future growth. Microsoft continues its dominance in productivity and public cloud markets. Amazon’s valuation is attractive, influencing the consumer cyclical sector. Meta Platforms and AMD also show promising future demand.
Indian stock markets saw marginal losses on Tuesday as Sensex and Nifty traded flat. Broader markets, however, opened with modest gains, bucking the overall trend. Mediation efforts between Iran and the US led to a dip in oil prices below $90 per barrel. Analysts suggest crude oil prices and banking sector earnings will guide market…
South Korea’s Kospi index saw a significant jump, recovering some losses after a sharp decline. Shares of chipmakers like Samsung Electronics and SK Hynix drove this recent market recovery. However, the index remains in a bear market, reflecting investor caution and wild swings. Authorities have intervened to cool speculative fever and curb leveraged trading. Analysts…
Paytm shares rose 2.7% after the fintech firm reported a 79% year-on-year jump in Q1 consolidated net profit to Rs 220 crore. Revenue from operations increased 28% to Rs 2,448 crore, while total income rose 22% to Rs 2,630 crore. Profit before tax climbed to Rs 247 crore, reflecting stronger operating performance both year-on-year and…
UltraTech Cement shares rose after the company posted a 17% year-on-year rise in Q1 FY27 consolidated net profit to Rs 2,599 crore and a 16% increase in revenue to Rs 24,648 crore. The stock also gained after multiple brokerages raised their target prices, encouraged by strong earnings and management guidance
HDFC Bank’s stock has declined significantly this year, losing considerable investor value. Analysts note a widening operating gap between HDFC Bank and ICICI Bank. Margins are under pressure for HDFC Bank, while loan growth lags peers. ICICI Bank shows stronger earnings, better margins, and faster credit growth. Investors await margin recovery and management stability for…
Gold prices saw an increase as oil prices softened due to diplomatic efforts. Yemen’s Houthis threatened a naval blockade, which could disrupt oil shipping routes. This situation comes amid ongoing tensions between the United States and Iran. Mediators have presented proposals to Tehran, indicating active diplomatic contacts. Meanwhile, Russia’s gold reserves have seen a slight…
Bangalore-based Indo-MIM has announced the price band of its ₹3,812 crore-Initial Public Offering (IPO) at ₹461-485 per share. The issue will open for subscription on July 23 and close on July 27.
The Securities and Exchange Board of India fined CDSL one crore rupees. This penalty addresses cybersecurity and operational lapses following a malware attack. The depository failed to adequately secure critical systems, which disrupted operations. CDSL’s systems were isolated from the market after the incident. No monetary penalty was imposed on former top officials.