Category: Business News & Economy

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Electric scooter maker Ather Energy is reportedly planning a significant share sale, aiming to raise to $200 million from institutional investors as early as next week. Appointed banks HSBC, Axis Capital, and Nomura are managing the placement.

Sandisk has become the S&P 500’s top-performing stock in the first half of 2026, driven by booming AI-related memory demand and disciplined supply conditions. While recent profit-booking triggered a pullback, analysts remain optimistic about its long-term prospects, supported by strong NAND pricing, enterprise SSD demand and multi-year customer agreements.

Standard Chartered has teamed up with BlackRock to introduce a new investment fund for Asia Pacific. This multi-asset offering, named Signature Select APAC Allocation Plus, aims to provide investors with diversified exposure across equities, fixed income, and alternative assets. The fund targets long-term growth and income, and will be available to wealth management clients in…

Shares of Vedanta’s recently demerged entities traded mixed after their Q1 business updates. Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power fell up to 8% on weaker operational performance, while Vedanta Aluminium Metal gained after reporting record quarterly aluminium production.

South Korea’s SK Hynix is poised for a massive US listing, aiming to raise around $29 billion to capitalize on booming AI demand. Despite a 5% dip on Monday, the chipmaker’s shares have soared this year, driven by its crucial role in supplying AI systems. This blockbuster offering, set to be one of the world’s…

Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its ‘Buy’ ratings on HAL, Bharat Electronics and Astra Microwave.

Global markets are expected to be driven this week by the Federal Reserve’s meeting minutes, the NATO summit, oil price movements, the start of the US earnings season, and key economic data from Europe and Asia. Investors will also monitor central bank decisions and inflation trends for signals on the global economic outlook.

Diamond Power Infrastructure’s stock surged after securing a substantial Rs 435 crore order for power cables for Hyderabad’s 310 MW data center projects. This significant deal, involving major players like L&T, Sterling & Wilson, and Blue Star, underscores the company’s growing prominence in supplying critical infrastructure for India’s booming data center segment. The order, one…

Foxconn reported a better-than-expected 39.8% year-on-year jump in second-quarter revenue, driven by strong demand for AI servers and cloud networking products. The world’s largest contract electronics manufacturer also posted record June revenue and expects further growth in the third quarter despite macroeconomic uncertainties.