📈 Ather IPO Ignites Market Buzz!
Your daily dose of business news
🗞️ Ather Energy’s IPO gears up for launch: Brokerages bullish
Ather Energy’s much-awaited IPO will open for subscription soon, and multiple brokerages have issued positive recommendations. Analysts highlight Ather’s strong brand presence and growing EV demand as key tailwinds, although competition remains a factor to watch.
🔍 Expert Take:
"Ather is uniquely positioned in India’s premium EV two-wheeler segment; investor appetite should be healthy," says an analyst at Motilal Oswal.
🗞️ FIIs pump ₹32,466 crore into Indian equities in 8 sessions
Foreign investors have turned aggressively bullish on India, buying over ₹32,466 crore worth of stocks in just eight trading sessions. This surge has significantly narrowed the April losses and is seen as a strong sentiment booster.
🗞️ Reliance Q4 profit beats expectations; focus turns to stock reaction
Reliance Industries reported better-than-expected Q4 profits, driven by strong growth in retail and telecom arms. Analysts expect a positive stock reaction but advise watching oil-to-chemical performance for cues.
🗞️ Dixon to ramp up electronic component manufacturing, Tata to invest
Dixon Technologies plans to boost its electronic component manufacturing business under the ECMS scheme, with Tata Electronics considering a ₹2,000 crore investment. This could massively strengthen India’s electronics supply chain.
🗞️ Sarvam AI becomes first firm to get government aid for AI model
Sarvam AI has secured government funding to build an indigenous AI model — a first in India. The move signals India's serious push to develop homegrown artificial intelligence capabilities and reduce reliance on global tech giants.
🔍 Expert Take:
"Funding indigenous AI is crucial for strategic tech independence. Sarvam AI's success could set the tone for India's AI future," notes a tech policy expert.
🗞️ India-Pakistan tensions: Markets on alert
Renewed geopolitical tensions between India and Pakistan have made investors cautious. Analysts advise staying nimble, as historically such tensions have led to temporary volatility but not long-term damage to Indian equities.
🗞️ Mahindra to acquire majority stake in SML Isuzu for ₹550+ crore
Mahindra & Mahindra will acquire a controlling stake in SML Isuzu for over ₹550 crore, strengthening its position in the commercial vehicle space. This strategic move is expected to boost its reach in niche CV segments.
🗞️ Top firms add ₹1.18 lakh crore in market cap; TCS leads the surge
The combined market cap of six of the ten most valued Indian firms rose by ₹1.18 lakh crore last week, with TCS leading the charge. Tech stocks continue to benefit from strong earnings and positive global cues.