Global Market: China Resources New Energy shares soar on Shenzhen debut after $3.6 billion IPO

China Resources New Energy’s stock soared nearly threefold on its Shenzhen debut, raising a massive 24.5 billion yuan in Asia’s largest IPO this year. This strong performance, despite a weaker broader market, signals growing investor confidence and Beijing’s push to revitalize domestic capital markets. The renewable energy firm’s successful listing, fueled by immense retail demand,…

ET Most Innovative AI Product Awards 2026: Why the real AI race is happening inside companies, not in front of customers

ET Most Innovative AI Product Awards 2026 The biggest AI product wins are no longer in customer-facing apps. This is a shift that most people are missing. They are happening within finance, legal and tax and operations teams. As enterprise AI adoption continues to accelerate, AI business solutions are quietly changing how businesses operate, make…

India’s private credit market doubles to $25 billion AUM in five years: Report

India’s private credit market is booming, nearly doubling to $25 billion in assets under management over five years, fueled by strong business demand. The Insolvency and Bankruptcy Code has boosted lender confidence, enabling financing for stressed firms. Real estate and infrastructure sectors are key beneficiaries. While global investors are increasing their participation, potential liquidity risks…

India’s textile stocks become market standouts on trade deals

Indian textile exporters are experiencing a significant stock market surge, outperforming the broader market. New trade deals with the UK, EU, and potential US agreements are boosting competitiveness. Global brands shifting sourcing away from China are also creating opportunities. Investors are optimistic about Indian firms capturing substantial market share, with some analysts predicting further gains…

Vedanta Aluminium shares rally over 3% as Emkay starts coverage with Buy call. 3 reasons why

Vedanta Aluminium shares surged after Emkay initiated coverage with a ‘Buy’ rating and a Rs 550 target, citing strong medium-term prospects. The brokerage anticipates a global aluminium deficit through 2028, driven by robust demand and supply constraints. Emkay believes structural cost reductions through backward integration will fuel earnings growth, positioning Vedanta Aluminium as a low-cost…