Ola Electric's stock prices plunged following the release of disappointing quarterly results. The electric vehicle company reported a substantial net loss for the fourth quarter and the full financial year. Revenue from operations also experienced a sharp decline. Despite these challenges, Ola Electric expresses optimism about achieving profitability in the coming financial year.
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Canara Bank is set to eliminate minimum balance requirements for all savings accounts starting June 1, 2025, benefiting a wide range of customers. This move, a first among major public sector banks, removes penalties for not maintaining the Average Monthly Balance (AMB) across all account types, including regular, salary, and NRI accounts.
PM Narendra Modi will inaugurate the Chenab Bridge on June 6. This bridge is the world's highest railway bridge. It connects the Kashmir Valley with India via rail. The bridge is a part of the Udhampur-Srinagar-Baramulla Rail Link project. The project faced engineering challenges due to terrain and seismic sensitivity. The Katra-Srinagar Vande Bharat train service will also launch.
Indian Railways is constructing its first dedicated Vande Bharat Express maintenance depot in Bhagat Ki Kothi, Jodhpur, expected to be operational by the end of 2025. This facility, the first of four planned nationwide, will service Vande Bharat trains from across the country.
Indian markets experienced a surge in foreign portfolio investments during May 2025, reaching Rs 19,860 crore, marking the strongest month for inflows this year. Despite a negative cumulative FPI investment of Rs 92,491 crore from January to May, the May inflows signal a potential shift in investor confidence, driven by a declining US dollar and positive market developments.
Foreign Portfolio Investors (FPIs) initially withdrew Rs 8,749 crore from Indian equities in early June amid global uncertainty. However, a significant shift occurred after the RBI's unexpected 50 basis points rate cut, boosting investor confidence.
Jefferies reports a positive outlook for Indian bonds due to falling inflation and anticipated RBI rate cuts. India's 10-year government bond has significantly outperformed US Treasuries. Global investors are increasingly drawn to Indian bonds, seeking higher yields and stability amidst a shift away from G7 debt, signaling confidence in the Indian market.
H&M, a publicly traded company since 1974, is witnessing a significant shift towards private ownership as the Persson family, its founders, have aggressively increased their stake. Since 2016, they've invested over $6.6 billion, raising their control to almost 64%. This substantial accumulation fuels speculation about a potential move to take the fast-fashion retailer private, despite the family's denials.
India has exempted Saudi Arabia's Public Investment Fund (PIF) from certain foreign portfolio investment rules to attract long-term capital and strengthen financial ties. This move allows PIF's various arms to invest independently in Indian equity markets, bypassing the previous 10% ownership cap. It aims to boost Saudi Arabia's $100 billion investment plan in India, particularly in energy and infrastructure sectors.
UBS has revised India's FY26 GDP growth forecast upwards to 6.4% from 6%, citing resilient domestic demand and potential trade benefits. This adjustment considers factors like eased tariffs on Chinese imports and a possible US-India trade deal. While anticipating robust household consumption, UBS foresees a slight slowdown in capital expenditure due to global uncertainties.
Ola Electric experienced a significant downturn in the March quarter, with revenue plummeting by 60% to Rs 649 crore and net losses widening to Rs 870 crore. Deliveries also sharply declined to 51,375 units, reflecting a substantial drop in demand, particularly in the premium segment.