Author: Staff Writer

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Calm prevails at Tata leadership talks

A sense of calm marked recent leadership discussions within Tata Sons ahead of an important board meeting. Chairman N. Chandrasekaran reportedly encouraged open dialogue during internal discussions, focusing on coordination and continuity.

Interactions between Chandrasekaran and Noel Tata were described as positive, helping ease earlier speculation about differences within the group’s leadership. Reports suggest the focus remained on business strategy and long-term growth rather than internal issues.

The developments are seen as reinforcing stability within the Tata Group, which operates across multiple sectors and follows a board-driven governance structure.

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Technology

iPhone 18 Pro may get satellite upgrade

Apple may be preparing a major technology upgrade for its future iPhone lineup, with reports suggesting the iPhone 18 Pro and iPhone 18 Pro Max could receive improved satellite connectivity alongside several hardware enhancements.

The reported upgrade could expand the role of satellite communication beyond its current use. At present, satellite technology in iPhones mainly helps users access emergency services in areas where regular mobile networks are unavailable. The next generation of Pro models could reportedly bring stronger and more advanced capabilities, potentially improving communication in remote regions.

The development comes as smartphone companies increasingly focus on connectivity and AI-driven features to differentiate premium devices. Satellite technology, once considered a niche feature, is becoming a bigger area of competition in the smartphone market.

Apart from connectivity changes, reports also indicate Apple may introduce upgrades in performance, camera systems and display technology. Improved battery efficiency and design refinements are also expected to be part of the company’s plans for future flagship devices.

Although Apple has not officially confirmed details of future iPhone models, early reports have generated strong interest among technology enthusiasts. Final specifications could still change before launch.

The expected changes suggest Apple may continue focusing on improving practical features while strengthening the overall user experience in its premium smartphone range.

Also Read: ONGC shares decline 4% as Q4 growth disappoints

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Corporate

ONGC shares decline 4% as Q4 growth disappoints

Shares of ONGC declined by nearly 4% on May 27 after investors reacted to the company’s fourth-quarter earnings, which showed only modest growth in net profit and raised concerns over the pace of future performance.

The stock came under selling pressure in early trade following the release of the company’s March quarter results. Investors appeared cautious despite the company reporting growth in profit, as the increase was seen as lower than some market expectations.

According to the quarterly results, ONGC posted a moderate rise in net profit during the fourth quarter, supported by operational performance and production-related factors. However, pressure from crude oil price movements and market uncertainties continued to influence investor sentiment.

Market participants said investors were closely examining the company’s earnings quality and future outlook rather than focusing only on headline profit numbers. Weakness in energy stocks and broader market volatility also added pressure on the stock.

Despite the fall in the share price, some analysts maintained that the company’s long-term fundamentals remain supported by its position in the energy sector and ongoing production activities. However, near-term movement may continue to depend on crude oil trends and broader market sentiment.

The decline in ONGC shares also came during a mixed session for the broader market, where energy counters witnessed pressure while selective sectors attracted buying interest.

Investors are expected to closely monitor future guidance, operational performance and movement in global energy prices for further direction on the stock. Market experts said that while long-term prospects remain under observation, short-term sentiment is likely to stay sensitive to earnings performance and commodity market developments.

Also Read: Government launches ₹5,000 cr Coal India OFS

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Leaders

Singapore Court sentences BYJU’S founder

Byju Raveendran, founder of BYJU’S, has been sentenced to six months in jail by a Singapore court in a contempt case, marking another setback for the once high-flying edtech company.

The court order comes amid continuing legal and financial issues surrounding BYJU’S. Reports said the ruling was linked to non-compliance with court directions connected to ongoing proceedings involving the company and its lenders.

The latest development adds to a series of challenges the company has faced over the past year. BYJU’S, which became one of India’s biggest startup success stories during the online learning boom, has been dealing with mounting legal disputes, debt concerns and efforts to restructure its operations.

Even as the court order created fresh uncertainty, Raveendran indicated that discussions to resolve the dispute are progressing. According to reports, he said a settlement could be close, raising hopes that the matter may eventually move toward resolution.

The situation has drawn significant attention from investors and the startup community because of BYJU’S rapid rise and equally dramatic struggles. The company expanded aggressively during its growth phase, but later faced pressure from changing market conditions and financial stress.

Also Read: Gold dips to ₹1.58 lakh, silver holds at ₹2.85 lakh

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Corporate

Sensex slips 120 points, Nifty near 23,900 in volatile trade

Indian equity markets started on a volatile session on wednesday , where the Sensex declined by around 120 points, while the Nifty50 settled near the 23,900 mark after briefly touching the 24,000 level before slipping back under pressure from heavyweight stocks.

Markets remained range-bound as investors tracked global uncertainties, particularly escalating geopolitical tensions involving the US–Iran situation, which kept crude oil prices volatile. The Sensex moved between an intraday high near 24,000 and a low around 23,850, reflecting cautious sentiment and a lack of strong domestic triggers.

Sector-wise, performance was mixed. Buying interest in realty, metals, consumer durables, media, and select PSU stocks helped cushion the broader decline. Realty and metal stocks were among the top performers, supported by selective accumulation and steady domestic demand expectations. Marico also featured among notable gainers in the consumer space, adding strength to defensive buying.

On the other hand, pressure in heavyweight sectors dragged the indices lower. Coal India and ONGC were among the key laggards, tracking weakness in energy stocks amid crude oil volatility and global supply concerns. IT stocks also remained under pressure due to muted global demand outlook and cautious risk sentiment, while select financial stocks saw selling as well.

Global cues remained mixed. Asian markets traded with a positive bias in parts, while US futures stayed largely stable. However, broader sentiment remained cautious due to persistent geopolitical risks and fluctuations in oil prices, which continued to influence investor positioning across emerging markets.

Also Read: StrainX Bioworks raises $13 mn to boost alternative protein

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Beyond

Telangana secures ₹13,600 cr refinance for Metro debt

The Telangana government has arranged a ₹13,600 crore refinancing package for the Hyderabad Metro Rail Phase I project, aiming to ease its debt burden and improve financial stability.

The refinancing will be used to restructure existing loans taken for the metro project, helping reduce repayment pressure and improving cash flow management. Officials said the step is intended to ensure smoother financial operations and long-term stability of the system.

Hyderabad Metro Rail is one of the city’s key public transport networks, connecting major residential, commercial and IT corridors. It serves a large number of daily commuters and has helped reduce road traffic congestion.

The project, developed under a public-private partnership model, has been under financial strain due to high construction costs and accumulated debt. The new refinancing arrangement is expected to address these issues and support more sustainable operations.

Officials said the move will improve the project’s balance sheet and reduce immediate repayment obligations. It is also expected to support future planning and operational efficiency.

The state government has been focusing on strengthening urban infrastructure and ensuring that large transport projects remain financially viable.

Experts say refinancing such large infrastructure projects can help restore financial stability and improve investor confidence in long-term public transport systems.

The Hyderabad Metro continues to be a major part of the city’s transport network, offering faster and more reliable connectivity across key areas. With the new financial support, authorities aim to maintain steady services and improve efficiency.

The deal is seen as a key step in stabilising the metro’s finances while ensuring continued service for commuters in Hyderabad.

Also Read: Diesel shortage pushes freight costs higher

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Corporate

Sensex falls 480 points, Nifty slips below 23,950

Indian stock markets ended lower on Tuesday as weakness in banking and some heavyweight stocks pulled benchmark indices down. The Sensex closed 480 points lower, while the Nifty slipped below the 23,950 mark.

Banking stocks remained under pressure during the session, which affected overall market sentiment. Investors also stayed cautious amid mixed global signals and continued profit booking in several sectors.

Among the biggest losers of the day were HDFC Bank, TCS and Axis Bank, which saw selling pressure and dragged the markets lower. Bharti Airtel, Trent and Titan also ended in the red and added to the decline in benchmark indices.

However, not all stocks ended on a weak note. Tech Mahindra and Maruti Suzuki were among the key gainers of the day. Hindustan Unilever and Eternal also recorded gains and helped reduce some of the overall losses.

Even though benchmark indices closed lower, the broader market painted a slightly different picture. Mid-cap and small-cap shares showed strength and attracted buying interest from investors. This indicated that market activity remained focused on specific sectors and stocks rather than a broad market sell-off.

Investors are keeping a close watch on company earnings, global developments and sector performance for further direction. While large-cap stocks saw pressure, continued interest in smaller companies suggests investors are still looking for opportunities in the market.

For now, banking stocks remain in focus as their movement continues to have a strong impact on overall market performance.

Also Read: Government open to feedback on capital gains tax

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Beyond

Government open to feedback on capital gains tax

The government has said it is open to hearing suggestions on reducing capital gains tax on stock investments, keeping the discussion open for investors and market participants.

Nirmala Sitharaman said the government is willing to listen to views on long-term capital gains (LTCG) and short-term capital gains (STCG) taxes. Her comments come at a time when concerns over foreign investor outflows and market activity are being discussed.

However, she did not announce any immediate changes in tax rates. Instead, she said the government is ready to consider feedback from stakeholders before taking any decision.

Capital gains tax is charged on profits earned from selling investments such as shares and other financial assets. Different tax rates apply depending on how long an investment is held.

Many investors and market experts have been calling for a review of these taxes, saying lower rates could encourage more investment and improve market participation. Some believe tax changes could also help attract foreign investors.

At the same time, any decision on tax reduction would also involve balancing government revenue and broader economic priorities.

Also Read: SEBI plans new rules for Options Trading

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Corporate

RVNL Q4 profit falls 43%, shares slip over 4%

Rail Vikas Nigam Limited (RVNL) reported a sharp fall in net profit for the fourth quarter, leading to pressure on its shares during trading.

The company posted a decline in profit of around 43% year-on-year during the January–March quarter, while some reports indicated an even steeper drop on a consolidated basis. Despite the weaker earnings, revenue showed only modest growth of around 5%, reflecting slower business momentum during the period.

Following the results announcement, RVNL shares came under selling pressure and fell over 4% in market trading as investors reacted to the lower earnings performance.

The company, which is involved in railway infrastructure and project development, has been closely watched by investors due to its strong order book and role in railway expansion projects across the country. However, the latest results raised concerns over profitability and the pace of growth.

The quarterly numbers come at a time when railway and infrastructure stocks have remained in focus because of continued government spending and major projects in the sector.

Investors are now likely to watch the company’s future order pipeline, project execution and margin performance for signs of recovery. Market participants will also closely track management commentary for clarity on growth prospects in the coming quarters.

Despite the weaker quarter, analysts believe long-term interest in railway infrastructure companies could continue, supported by ongoing investment in transport and connectivity projects. However, short-term stock movement may remain sensitive to earnings performance and project-related developments.

Analysts said the fall in earnings could be linked to factors such as rising project costs, changes in execution timelines and pressure on margins. While revenue continued to grow, the increase was relatively limited compared to earlier expectations.

Also Read: Hindalco profit drops 51%, announces ₹5 dividend

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1 Minute-Read

Hindalco profit drops 51%, announces ₹5 dividend

Hindalco Industries reported a 51% decline in net profit for the fourth quarter of FY26 and announced a final dividend of ₹5 per share. The company posted a profit of ₹2,597 crore during the January–March period, lower than the same quarter last year.

Despite the drop in profit, Hindalco recorded growth in revenue, supported by strong performance in its aluminium and copper businesses. The company said operational issues at Novelis’ Oswego plant in the United States affected earnings during the quarter. Investors will now watch future business performance and market conditions closely.