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In Rakhi merchandise sales, North India led in order share, followed by South and West regions. Gift categories like home and furniture saw significant sales increases. Male-targeted product sales rose, while female-targeted product sales declined. Festival shopping began earlier this time, with many orders placed late at night.
HDFC Bank has accelerated its search for a successor to CEO Sashidhar Jagdishan, who will not seek an extension, with an executive search firm likely to be appointed this week. The bank is considering both internal and external candidates, including deputy MD Kaizad Bharucha, executive director V. Srinivasa Rangan, former SBI chairman Dinesh Khara, Axis…
Growth in output and new orders slowed to five-year lows amid softer domestic and international demand. Export orders continued to rise, although growth eased from July.
CAS accounted for 22% of NSE’s total cash market turnover during the day. More than 98,000 unique investors participated in the session, while turnover was around 42 times the previous trading day’s level.
Yuma Energy has raised $35 million from Magna International to add batteries across its existing network and enter new cities. The battery-swapping JV is targeting Ebitda break-even by FY27.
According to a Bloomberg report, Schiller gave up these two major tasks but will stay at the company as an “Apple Fellow”.
Rising stocks: Milky Mist Dairy Food shares climbed 9.5%, reporting a ninefold profit increase in Q1, while several other stocks like Manali Petrochemicals and Vardhman Textiles also witnessed strong buying interest.
Japan’s Nikkei slipped 0.2% on Tuesday as investors rotated out of heavyweight technology and AI-linked stocks amid rising government bond yields and elevated oil prices. The broader Topix gained 0.5%, with auto and utility stocks supporting the market, highlighting a shift in sector leadership.
Shein shares fell 8% on their Hong Kong debut despite strong IPO demand, reflecting concerns over slowing growth, tariffs, trade restrictions, valuation and competition. The fast-fashion giant is diversifying into third-party marketplaces and lifestyle categories, but investors remain cautious about whether Shein can sustain growth and profitability amid rising challenges.
Tech bosses including Elon Musk, Nvidia’s Jensen Huang and OpenAI’s Sam Altman are participating in a G20 meeting in North Carolina this week amid a global debate on how governments should address the dangers of artificial intelligence. The meeting is spread over two days, with Musk joining by video call on Tuesday, and Huang and…