India’s largest commodity exchange, MCX, has received SEBI approval to launch electricity derivatives, offering power firms and large consumers a regulated tool to hedge price volatility amid evolving energy dynamics.
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Tesla is the worst-performing large-cap stock this year due to declining EV demand, Elon Musk’s political controversies, and a feud with US President Trump.
The selloff followed a heated exchange between CEO Elon Musk and President Donald Trump, marking the latest fallout from Musk’s departure as head of the US Department of Government Efficiency (DOGE).
The partnership seeks to capitalise on the technical and financial strengths of both central public sector enterprises. It includes participation in mineral block auctions and the development of mining infrastructure to support India’s push for mineral security and self-reliance.
GHV Infra Projects has bagged a ₹546 crore work order from GHV India to strengthen and improve roads in Mumbai. The project is expected to be completed within 24 months.
Tata Electronics and Bharat Electronics have signed an MoU to collaborate on semiconductor and electronics solutions, advancing India’s self-reliance goals across chip design, fabrication, OSAT, and defence-grade electronics components.
Dhiraj Agarwal, Managing Director at Ambit Investment Managers described the current trading range in Indian equities as similar to what was seen from January to May 2024, when the Nifty moved just 3.5% overall despite high volatility within that range.
For Gallardo, Trump’s unpredictable decisions on trade and concerns around his foreign policy and the rule of law are all prompting traditional allies of the US to reduce their dependence and ties to the world’s biggest economy.
The biggest deal involved Bajaj Finserv Ltd. The financial services provider witnessed 2.86 crore shares changing hands at ₹1,925 per piece, representing 1.79% of the company’s total equity in a block deal worth ₹5,506 crore on Friday, June 6.