DECEMBER TRADE DATA
From rejecting Rs 4 cr job offer to founding a Rs 570 cr startup: How this IIT alumnus from a poor background convinced parents to make a big bet
An IIT-Kharagpur graduate rejected a ₹4.3 crore job and Stanford PhD to co-found Giga, an AI startup that recently raised $61 million. Despite the success, the company faces allegations of malpractices and misleading employees from a former worker, which Giga denies as an extortion attempt.
Reliance Industries to declare dividend this week: Here's how Mukesh Ambani-led company rewarded its 42 lakh shareholders so far
Reliance Industries Limited will consider a dividend this week alongside its Q4 FY26 results. The Mukesh Ambani-led firm has a long dividend track record, rewarding over 42 lakh shareholders, even as investors watch earnings closely amid volatile oil prices and global market uncertainties.
SC issues pan-India directions for road safety, says expressways should not become corridor of peril
The Supreme Court has mandated new nationwide road safety rules. Heavy vehicles are now banned from parking on expressways, except at designated spots. This move aims to prevent accidents and save lives. Authorities must implement these directives within 60 days. New commercial structures near highways are also prohibited.
Bitcoin’s fragile recovery sets up a big short-squeeze risk
Bitcoin's climb past $75,000 faces skepticism from leveraged traders, evidenced by prolonged negative funding rates on futures. This divergence suggests a potential short squeeze if prices continue to rise, driven by ETF inflows and institutional buying. However, significant resistance and bearish bets on options markets remain.
Apple defeats bid for new Apple Watch import ban at US trade tribunal
A US trade tribunal ruled for Apple on Friday against a bid from medtech company Masimo to reinstate an import ban on the tech giant's Apple Watches.
Singapore emerges as top FDI source in Apr-Dec FY26, high inflows from tax havens
Singapore emerged as the top source of FDI equity inflows into India during April-December FY26, contributing $17.6 billion. The US and Mauritius followed, with significant investments also noted from tax havens like the Cayman Islands and Cyprus. Computer Software & Hardware and the Services Sector were the most attractive investment destinations.
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Aluminium and copper to stay elevated, steel risky: CLSA's top metals and cement calls for FY27
Base metals like aluminium and copper present significant opportunities, according to CLSA India's Indrajit Agarwal. Steel faces near-term downside risks. Aluminium prices are expected to rise due to supply disruptions and increasing demand. Cement sector anticipates earnings pressure now, with recovery expected later in the fiscal year. Indian producers have a cost advantage in non-ferrous metals.
FIIs grow more wary of India as FX curbs hit bonds, earnings risks haunt equities
Foreign investors face higher costs and complexity hedging against rupee swings due to India's forex rules. This, coupled with war-related earnings concerns, is impacting Indian bonds and equities. Overseas investors have sold Indian government debt and shares. Lingering currency stability worries and high oil prices are dampening sentiment.
Suzlon Energy shares rise 4%, extends five-day rally to nearly 18%. Should you buy?
Suzlon Energy shares extended gains, rising nearly 18% over five sessions, supported by strong momentum and improving investor interest. JM Financial remains bullish with a Buy rating, despite execution concerns. Elevated RSI indicates overbought conditions, while rising institutional holdings and expected commissioning recovery may support the stock’s near-term outlook.
Wipro Q4 net profit dips 1.9% to Rs 3,502 crore, revenue rises 8%
Wipro reported a 1.6% decline in annual revenue in fiscal year 2026 in constant currency terms, in line with its larger rival, Tata Consultancy Services, as geopolitical uncertainties, AI-led disruptions and slow deal ramp-ups weigh on its performance
Myseum takes flight after Allbirds in fresh AI rebrand wave
Companies are shifting focus to artificial intelligence. Allbirds, a footwear maker, saw a significant stock surge after announcing a pivot to AI compute infrastructure. Social media firm Myseum Inc is also adopting a similar strategy. This trend highlights investor interest in AI, with some firms leveraging it to raise funds. Past pivots to blockchain also saw similar investor enthusiasm.
Suraj Estate shares jump 15% on Dadar land acquisition deal in Mumbai; co eyes Rs 100 crore GDV
Suraj Estate Developers’ shares rose sharply on Thursday after the company acquired a Dadar (West) land parcel valued for a project with Rs 100 crore GDV. The Rs 18 crore acquisition strengthens its South-Central Mumbai pipeline, with management saying the deal boosts medium-term revenue visibility and long-term growth.
India's trade gap shrinks in March, swells in FY26
India's trade deficit saw a reduction in March as the West Asia conflict disrupted trade flows. Exports and imports both declined, narrowing the monthly deficit. However, the overall trade deficit for the fiscal year widened. Despite challenges, India achieved record exports of $860 billion in FY26, showcasing resilience. Several free trade agreements are expected to boost future trade prospects.
Delhivery block deals worth Rs 186 crore see Goldman Sachs, Morgan Stanley, MFs step in; Nexus sells stake
Logistics firm Delhivery witnessed substantial block deal activity as Nexus Venture Partners offloaded shares. Goldman Sachs, Morgan Stanley, and domestic mutual funds were among the prominent buyers, acquiring significant stakes. Despite a slight dip in share price, Delhivery has shown strong year-on-year growth and outperformance.
India‘s textile and apparel exports degrow by -2.22% in FY 26: Govt Data
Indian textile and apparel exports saw a decline in fiscal year 26. Exports in March also registered a year-on-year drop. This comes after the US imposed high tariffs. Meanwhile, India's import of raw cotton increased significantly. This surge followed a period of eased import duties.
Our investors ignored, disrespected us: Udemy cofounder opens up about sale to Coursera
Airing his frustration over the startup’s sale to rival Coursera, Gagan Biyani said in a social media post that 15 years of investor-led decisions led to the sale of the company at its 2021 IPO valuation of under $3 billion. Post Udemy's Series B fundraise, when founders’ holdings in the company fell to less than 30%, the investors brought in one "dud CEO" after another — seven during the course of the company's lifetime, he said.
US Senator Warren voices concern over Nvidia's acquisition of Slurm
Senator Elizabeth Warren has raised concerns regarding Nvidia's acquisition of SchedMD. This move potentially grants Nvidia significant control over critical software powering US government supercomputers. Warren is seeking information on the extent of government dependency on Nvidia's technology. The acquisition could impact national security and competition in the high-performance computing sector.
India unveils a power-packed FTA calendar: UK, Oman, New Zealand deals next
In 2026, India will embark on an ambitious journey to amplify its role in global commerce. The commencement of pivotal free trade agreements with the United Kingdom and Oman, alongside an impending partnership with New Zealand, highlights India's strategic focus on fostering robust international connections. This proactive approach demonstrates the nation's dedication to turning diplomatic negotiations into thriving economic collaborations.
Mutual funds keep buying Vodafone Idea shares for third straight quarter
Mutual funds have raised their stake in Vodafone Idea for the third straight quarter, signalling steady institutional confidence despite the stock’s weak performance. Holdings climbed to 5.9% in March 2026, even as FIIs trimmed exposure. With the stock trading below key moving averages, analysts maintain a cautious “Hold” outlook.
Ola Electric shares rebound 6% after sharp fall, extend volatile trading pattern
Ola Electric shares rebounded 6% after a sharp fall, extending their volatile streak. The stock has swung widely on improving EV developments, including in-house LFP battery progress, PLI certification and rising registrations. Despite momentum, weak financials and declining revenue keep investor sentiment cautiously optimistic, with mixed technical cues ahead.
Wells Fargo interest income misses estimates, shares fall
Wells Fargo's interest income fell short of Wall Street expectations in the first quarter on Tuesday, as a string of rate cuts from the U.S. Federal Reserve dragged down loan yields.
Goldman Sachs shares fall 5% despite 19% YoY earnings growth amid Wall Street gloom
Goldman Sachs shares dropped nearly 5% despite strong Q1 results, as geopolitical tensions and market volatility weighed on sentiment. Revenue, profit, and trading performance improved year-on-year, but broader uncertainty pressured the stock.
Patanjali Foods board to meet on April 21 to consider second interim dividend, Q4 earnings
Patanjali Foods will consider a second interim dividend for FY26 on April 21, alongside March quarter results. The stock remains under pressure, trading below key averages and down sharply over the past year.
India's March palm oil imports fall 19% to three-month low
India’s palm oil imports fell nearly 19% month-on-month in March to a three-month low of 689,462 tonnes, as higher global prices prompted refiners to delay purchases, according to the Solvent Extractors' Association of India.
Cathie Wood vs Michael Burry: The $11 million Palantir bet that’s splitting Wall Street
Cathie Wood bought $11 million worth of Palantir Technologies shares, boosting ARK ETFs’ holdings to over ₹283 crore, even as Michael Burry remains bearish. The funds also sold over $10 million worth of Advanced Micro Devices shares.
Ola Electric shares fall 7% on profit booking after 40% three-day rally
Ola Electric shares dipped 7% as investors booked profits after a 40% rally. The stock's surge was fueled by in-house battery progress, PLI certification, and a historic milestone of over 1 million cumulative registrations. However, concerns remain regarding profitability and weakening revenue trends.
Trent vs DMart: Which retailer’s shares should you buy now?
Shares of Trent and Avenue Supermarts have outperformed the market, prompting investors to weigh growth versus stability. Trent offers higher expansion potential through Zudio but with volatility, while DMart provides steadier earnings and stronger downside protection, making it more appealing at current valuations.
Big Whale Ashish Kacholia hikes stakes in smallcap market outperformers SG Finserv, Aeroflex in Q4
Ace investor Ashish Kacholia increased his stakes in smallcaps SG Finserv and Aeroflex Industries during the March quarter. Both stocks have delivered strong returns, outperforming weak broader markets, with Aeroflex posting particularly sharp gains.
Gold set for third weekly gain as Iran ceasefire optimism tempers US rate outlook
Gold prices dipped slightly on Friday due to a stronger dollar, yet are poised for a third consecutive weekly gain. Renewed optimism for a U.S.-Iran ceasefire has eased inflation fears and expectations of further U.S. interest rate hikes, offering support to the precious metal despite lingering geopolitical risks.
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