Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.

Power Finance Corporation (PFC) and REC’s boards have approved a merger, creating India’s largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger offers strategic advantages and improved…

Nomura has named Bharti Airtel its top telecom pick, raising its target price to Rs 2,355 and calling it an ‘ARPU compounder’. The brokerage highlighted the company’s strong free cash flow generation, potential tariff hikes, and growth in its data centers, Airtel Money, and African businesses.

Motilal Oswal has initiated coverage on Tata Capital with a ‘Neutral’ rating and a target price of Rs 390, implying an 8% upside from current levels. The brokerage expects healthy AUM growth and improving profitability but believes the company’s current valuation already reflects its medium-term growth and earnings potential.

KEC International shares rose nearly 7% on Tuesday after the infrastructure EPC firm announced fresh orders worth Rs 1,754 crore across its Transmission & Distribution and Cables & Conductors businesses. The stock gained on strong order inflows, including overseas wins. The RPG Group company said the contracts span multiple segments, boosting visibility.

The ET Most Innovative AI Product Awards 2026 recognise AI solutions that have moved beyond experimentation to deliver measurable business impact. Celebrating innovation, scalability, technical excellence and real-world outcomes, the awards honour products shaping India’s AI-driven enterprise transformation.

US stock markets are facing a new hurdle as borrowing costs for financing equity positions surge. Record demand for leveraged investments and derivatives activity are straining bank capacity, pushing up financing expenses. This trend, particularly concentrated in tech and semiconductor stocks, raises questions about the sustainability of the current rally, even as the broader Treasury…

The US economy shows surprising strength with robust job growth and consumer spending, yet Wall Street is faltering. Investors are wary of lofty valuations, especially in the AI sector, as tech giants increasingly rely on debt for expansion. While chipmakers surge, the ‘Magnificent Seven’ face headwinds, creating market volatility despite positive economic fundamentals.