Author: Aruna Kaim

The Ministry of Corporate Affairs has ordered India’s premier white-collar crime agency, the Serious Fraud Investigation Office (SFIO), to launch a probe into gold refiner and jewelry manufacturer Rajesh Exports. The escalation follows serious allegations of accounting fraud and financial irregularities flagged by market regulator SEBI. The Core Allegations: Inflated Revenues The central government initiated the SFIO probe under Section 212 of the Companies Act, 2013, which empowers it to step in when complex corporate fraud is suspected in the public interest. The investigation centers around an interim order issued by SEBI on June 3, which accused the Bengaluru-headquartered firm…

An early morning blaze at a major New Delhi data centre has caused “extensive damage” to server infrastructure, leaving several high-profile corporate clients facing critical data losses. The affected facility is operated by STT Global Data Centres India, a prominent joint venture between Singapore’s ST Telemedia and India’s Tata Communications. Extent of the Damage While Tata Communications activated its business continuity protocols immediately following the fire on June 5, internal letters seen by Reuters reveal a much more challenging recovery environment than initially reported. Television news footage from inside the server rooms showed collapsed ceiling panels, scattered debris, and completely…

The Reserve Bank of India (RBI) has finalized its regulatory framework for Upper-Layer Non-Banking Financial Companies (NBFC-UL). This finalization significantly increases the likelihood that Tata Sons, the principal holding company of the multi-billion dollar Tata Group conglomerate, will be legally required to launch an initial public offering (IPO) and list on public stock exchanges. Understanding the NBFC-UL Framework The RBI classifies large, systemically important non-banking financial entities under the “Upper Layer” category to subject them to stricter, bank-like supervision. The Rule: Any entity designated as an NBFC-UL must go public and list its shares on a stock exchange within a…

A massive global tech rally swept through financial markets on Thursday as blockbuster quarterly forecasts from memory chip giant Micron Technology shattered fears of an AI valuation bubble. The stellar results have injected fresh confidence into Wall Street, Europe, and Asia, proving that the global hunger for Artificial Intelligence infrastructure continues to outpace supply. The Catalyst: $22 Billion in Locked-In Demand Micron’s stock skyrocketed over 17% in premarket trading, putting it on track to add roughly $214 billion in market value. The monumental surge comes on the heels of two major revelations from the company: Massive Forward Commitments: Customers have…

US stock indexes opened higher on Thursday morning, driven by a powerful resurgence in technology shares. Blowout financial forecasts from chipmakers Micron and Qualcomm successfully reignited investor enthusiasm for Artificial Intelligence (AI) infrastructure, while a string of positive domestic economic reports boosted overall market confidence. AI Tech Giants Lead the Charge The tech-heavy Nasdaq led the morning’s gains following upbeat, forward-looking statements from major semiconductor companies. Wall Street interpreted the robust projections from Micron and Qualcomm as a clear sign that corporate spending on AI hardware remains highly aggressive, effectively easing recent market anxieties regarding an AI valuation bubble. Major…

Driven by an insatiable global demand for Artificial Intelligence (AI) infrastructure, memory chip giant Micron Technology surpassed social media powerhouse Meta Platforms in total market valuation for the first time in history on Thursday. The Catalyst: $22 Billion in Commitments Micron’s dramatic stock rally was triggered by an exceptionally strong fourth-quarter outlook. The company revealed that tech customers have already locked in a staggering $22 billion in supply commitments for its high-bandwidth memory chips, which are crucial for powering advanced AI servers. This massive forward-looking demand completely reversed a recent minor slump in Micron’s stock. The Market Cap Flip Company…

A fresh wave of price increases has pushed US inflation past the 4% mark for the first time in three years. This unexpected acceleration is putting pressure on the Federal Reserve, keeping the possibility of another interest rate hike firmly on the table as policymakers struggle to cool down the economy. Key Takeaway: When inflation rises, the Federal Reserve often raises interest rates to make borrowing more expensive, which helps slow down spending and lower prices. Economic Indicator Status Fed Implications Inflation Rate Tops 4% (3-year high) Signals stubborn price pressures Federal Reserve Policy Tightening cycle remains active Higher probability…

To successfully navigate banking stocks right now, investors must grasp three changing dynamics: relative outperformance, absolute performance, and the macro context driving them. Analysts project that all three are undergoing a major shift, opening up clear opportunities across both public and private lenders. Decoding the Strategy: The SR+ Framework Evaluating these banking opportunities requires looking beyond standard metrics. Analysts utilize Stock Reports Plus (powered by Refinitiv) to generate standardized scores by deeply analyzing five core components of a banking stock: Earnings: Projected growth pipelines and net interest margin stability. Fundamentals: Asset quality trends and loan-to-deposit ratios. Relative Valuation: Price-to-book ratios…

Torrent Power shares are displaying healthy signs of a structural turnaround after correcting nearly 20% from their April 2026 record highs. Technical indicators suggest that the worst of the sell-off may be over as buyers step back into the market. Technical Outlook & Strategy The Recovery: The stock has recovered over 3% within the last week, signaling a sharp shift in short-term momentum and renewed investor interest. The Opportunity: Market analysts view this stabilization as a constructive entry window for short-term traders. Key Levels: With strong foundational support established during this dip, technical targets are locked in at Rs 1,565…

The latest chapter of ET Prime’s special coverage shines a light on a classic corporate transformation within the Indian auto ancillary ecosystem: ASK Automotive Ltd. Long recognized as a dominant player in safety-critical components—specifically holding a massive near-50% domestic market share in two-wheeler advanced braking systems (ABS)—the company is quietly rewriting its operational playbook. Its business mix reveals an underlying trend where lighter materials and electric vehicle (EV) adaptations are eclipsing legacy products. The Core Transformation: Aluminium Over Legacy Brakes At first glance, a casual retail investor might pigeonhole ASK Automotive as just a conventional braking and cable supplier for…