MRF is now India's most expensive stock. It overtakes Elcid Investments, whose shares have fallen from a high in November 2024. Elcid's decline is linked to a drop in Asian Paints' stock value. MRF's success is due to strong financial results. The company reported higher profits and revenue for the March 2025 quarter.
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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.
Disney is implementing further job cuts across its film and television divisions, impacting marketing, publicity, and other departments, as part of ongoing cost-cutting measures initiated by CEO Bob Iger. Despite these reductions, Disney reported a revenue increase and a rise in Disney+ subscribers, reflecting the company's adaptation to the evolving digital landscape.
Bharat has formally requested consultations with the United States under the WTO. This challenges American tariffs on automobile parts. The move follows Bharat's earlier decision to reserve the right to impose retaliatory duties on select US goods. This is in response to Washington’s tariffs on steel and aluminium. Bharat seeks to discuss the implications of the US measure.
Evergent, a California-based AI-powered SaaS provider, has launched its global value center in Hyderabad, already employing 600 professionals and planning to expand to 1,000 by 2025. The company leverages Hyderabad's deep tech talent to develop AI-driven solutions for global media giants, managing over 920 million subscribers through its India-built platform.
WTO chief Ngozi Okonjo-Iweala acknowledged disruptions to the multilateral trading system and urged India to support China-backed investment facilitation, despite India's opposition. She emphasized India's leadership role for the upcoming MC14, particularly in agriculture, while highlighting the need to address India's concerns in that sector. Reform discussions are anticipated at the mini-ministerial meeting.
Victoria's Secret has postponed its quarterly earnings release following a security breach that disrupted operations and forced its US website offline. The company detected the incident on May 24, initiating response protocols and engaging experts. Preliminary results show $1.35 billion in net sales, exceeding forecasts. The breach, potentially a ransomware attack, impacted in-store services and corporate systems, hindering financial reporting.
Raamdeo Agrawal predicts Sensex reaching 1.5 lakh by 2030 and 3 lakh by 2035. He attributes this to consistent domestic capital inflows. Agrawal highlights quick commerce, capital markets boom, energy transition, and manufacturing as key investment themes. He advises caution, emphasizing buying at the right price. Agrawal notes the shift in market structure with increasing domestic participation.
Bank deposits in metro cities have increased to 53.2% in March 2025, while their share in bank credit has decreased. This shift is driven by a growing preference for personal loans and the movement of capital to semi-urban areas. Personal loans have seen significant growth, with housing loans becoming more affordable.
Airbus reports IndiGo and Air India are among its top three global customers with substantial aircraft backlogs. While facing delivery delays, Airbus sees supply chain stability returning, aiming to increase A320 production.
Coca-Cola is adopting an "all-weather" strategy in India to boost sales beyond the summer season, focusing on festivals and creating more consumption occasions. Despite early monsoons potentially impacting sales, the company aims to overcome seasonality by offering diverse product choices and healthier options.