Stock market recommendations: Mirae Asset Sharekhan’s Somil Mehta recommends buying Mahindra & Mahindra (M&M) and Bharat Forge. M&M is expected to resume its uptrend after completing a corrective pattern, with a target of Rs 3,720. Bharat Forge has broken out of a triangle pattern and is poised for an uptrend, aiming for Rs 1,335.
India’s housing market experienced a 3.1% demand surge in Q3, driven by buyers favoring smaller 1 and 2 BHK homes due to affordability concerns. This shift reversed a two-year decline. Despite a 4.5% drop in overall supply year-on-year, prices climbed, with Pune, Mumbai, and Greater Noida leading the surge. Under-construction properties commanded higher premiums.
AMD has secured a multi-year deal to supply artificial intelligence chips to OpenAI, a partnership potentially worth tens of billions annually. This agreement also grants OpenAI the option to acquire up to 10% of AMD. The pact highlights the immense demand for computing power in the AI race.
Electric vehicle prices are set to match petrol and diesel counterparts within four to six months, according to Union Minister Nitin Gadkari. He highlighted a significant drop in battery costs, from $150 to $55-$65 per kilowatt hour. Gadkari also urged the development of electric tractors and alternative fuel engines to reduce diesel imports and pollution.
The Supreme Court will examine a plea challenging the constitutional validity of Securities Transaction Tax (STT). A trader alleges STT, levied at 0.1% on buy and sell sides, amounts to double taxation and is punitive, as it’s paid regardless of profit or loss. The court has sought a response from the Centre.
TCS has initiated a significant workforce realignment, impacting around 12,000 employees, primarily mid- and senior-level executives. This move aligns with increased investments in AI, data, and cybersecurity, leading to the phasing out of certain roles.
US President Donald Trump has announced a significant 25% tariff on all medium and heavy-duty trucks entering the United States, effective November 1, 2025. This move, aimed at bolstering domestic manufacturing and protecting American truck makers from foreign competition, follows a Commerce Department probe into predatory trade practices. The tariff is part of a broader…
India’s oil demand is set to surge by over 68% to 9.1 million barrels per day by 2050, driven by robust economic growth, making it the fastest-growing energy market globally. BP forecasts natural gas consumption will also more than double. Fossil fuels will persist alongside renewables, with coal’s share varying significantly based on climate action.
US President Donald Trump and Brazilian President Luiz Inácio Lula da Silva held a 30-minute call to discuss the 40% US tariff on Brazilian imports. They exchanged contact information, with Lula inviting Trump to a climate summit. Trump expressed optimism for future discussions and improved bilateral relations.
