Saturday, May 16

Author: Purbalee Dutta

Mahindra XEV 9S Launching Tomorrow
Business

Mahindra XEV 9S Launching Tomorrow

Mahindra is preparing to launch its all-electric SUV, the XEV 9S, on 27th November 2025. Ahead of the official release, the company has shared several teasers highlighting its design, interior, and features. The XEV 9S will enter India’s electric SUV market, directly competing with models like the Tata Harrier.ev. The latest teaser almost fully reveals the SUV’s exterior, showcasing a bold LED DRL stretching across the front, complemented by Mahindra’s illuminated Twin Peaks infinity logo at the centre for a premium look. Distinctive alloy wheels with aero disc blades and a gloss-black centre finish further enhance its styling, with the final size, 18-inch or 19-inch, to be confirmed at launch. The interior features five screens, including a triple-screen front dashboard and two rear d...
Tata to launch Sierra SUV
Business

Tata to launch Sierra SUV

The Tata Sierra has become one of the most talked-about names in India’s passenger vehicle market, marking the return of an SUV first sold between 1993 and 2001 and known as one of the country’s earliest true off-roaders. Now set for a grand comeback on November 25, the Sierra has been reimagined with modern technology and premium features. Tata recently showcased the new model, offering a clear look at its redesigned styling and equipment. The 2025 Sierra blends contemporary design with nostalgic touches from the original. A flat front end and the signature alpine-window-inspired blacked-out C-pillar create a retro connection, while modern additions include LED headlamps, a full-width LED DRL, sleek connected taillamps, new alloys and skid plates. Inside, the cabin is entirely reva...
UBS sees 60% more upside in Shaily Engineering after a massive 700% rally in two years
Business

UBS sees 60% more upside in Shaily Engineering after a massive 700% rally in two years

Global brokerage UBS has initiated coverage on Shaily Engineering Plastics, India’s leading exporter of high-precision engineered plastic components, with a ‘Buy’ rating and a target price of ₹4,000, indicating a potential upside of 60% from the current market price. UBS highlighted Shaily’s unique patented technology for fixed-dose and auto-injector pens, positioning it strongly for the upcoming launch of generic GLP-1 therapies. With the GLP-1 (semaglutide) patent expiring in 2026 across India, Canada, and Brazil, UBS estimates a combined market of 550–600 million devices, translating to ₹80–85 billion in revenue by 2030. Shaily has already secured 23–24 clients for the GLP-1 launch, supporting UBS’s projection of a 96% revenue CAGR for its healthcare segment between FY25–28. High en...
Google announces Play Store awards!
Business

Google announces Play Store awards!

Google has revealed the top apps and games on the Play Store in India for 2025, highlighting titles that resonated with users through strong local and cultural relevance as well as the integration of artificial intelligence. In a blog post, the company noted that these successes reflect the growing sophistication and depth of India’s developer ecosystem. Among apps, Zomato’s District: Movies Events Dining was named the best app of the year. Toonsutra: Webtoon & Manga App was recognized as the best hidden gem, while Daily Planner: To Do List Task earned the title of best everyday essential. Google reported that 69% of Indian users first experienced AI through an Android app, a trend seen across multiple categories. For instance, invideo AI: AI Video Generator won Best App for Person...
Sensex recovers 300 pts from day’s low
Business

Sensex recovers 300 pts from day’s low

Equity benchmarks reversed early declines on Tuesday, staging a strong rebound by midday on the weekly derivatives expiry. The Sensex, which had dropped 392.59 points to an intraday low of 84,558.36, recovered more than 300 points to trade at 84,865.41 around 1:30 p.m. The Nifty also slipped below 25,900 in the morning, touching 25,877.10, before bouncing back to 25,972.60. Key drivers of the recovery included: Value buying: Investors stepped in after the initial fall, particularly in banking and financial stocks, helping lift the indices. FII inflows: Foreign Institutional Investors purchased ₹442.17 crore worth of equities on Monday after five sessions of selling, improving sentiment. Shift away from AI-heavy trades: As the global AI rally cools, funds are rotating into bro...
Why Apple’s $230 cloth iPhone Pocket is already sold out?
Business

Why Apple’s $230 cloth iPhone Pocket is already sold out?

Apple’s newest limited-edition accessory triggered scenes more reminiscent of a designer fashion release than a traditional tech unveiling. Early Friday morning, large groups gathered outside Apple’s SoHo store in New York to get their hands on the iPhone Pocket, a wearable pouch priced between $150 and $230 and created in partnership with Japanese fashion label Issey Miyake. Both the in-store and online inventories disappeared almost immediately, fueling the hype. The iPhone Pocket stands out because it merges fashion with function. Crafted from Miyake’s distinctive 3D-knit fabric and offered in both short and long variants, the accessory reflects the brand’s design philosophy. Miyake’s historical link to Steve Jobs—whose black turtleneck became iconic—adds another layer of allure. Fo...
Stock Market Highlights
Cover story

Stock Market Highlights

Indian equity markets extended their winning streak for the fourth consecutive session on Wednesday but gave up early gains due to late selling. The Nifty retreated over 150 points from its intraday high to end nearly flat at 25,879, while the Sensex closed just 12 points higher at 84,478. The Nifty Bank index outperformed, hitting a fresh intraday record before finishing 107 points higher at 58,382. However, the Midcap index lagged, slipping 210 points to 60,692. Market breadth stayed weak, with only two stocks advancing for every three declines on the NSE. Among major movers, Asian Paints surged 4 percent to lead the Nifty gainers following strong Q2 results. Samvardhana Motherson also rose over 4 percent, while Eicher Motors dipped more than 1 percent post-earnings. Tata Steel lo...
Nifty 50, Sensex today!
Business

Nifty 50, Sensex today!

The Indian stock market is expected to open higher on Wednesday, buoyed by positive global cues. Trends on the Gift Nifty indicate a gap-up start, trading around 25,962, nearly 150 points above the previous Nifty futures close. On Tuesday, markets extended their rally, with Sensex rising 335.97 points (0.40%) to 83,871.32 and Nifty 50 gaining 120.60 points (0.47%) to 25,694.95. For Sensex, support levels are seen at 83,500 and 83,300, while resistance is around 84,000–84,300. A drop below 83,300 may weaken the uptrend, according to Kotak Securities. Nifty 50 shows bullish momentum with a long lower shadow on the daily chart, signaling buying interest. Analysts see the next upside target at 26,000–26,100, with support at 25,500–25,450. A decisive close above 25,800 could reinforce bulli...
Vodafone Idea shares back near ₹10 levels
Business

Vodafone Idea shares back near ₹10 levels

Shares of Vodafone Idea Ltd. surged up to 8% on Tuesday, November 11, following the company’s September quarter results, which showed a sequential improvement with losses narrowing, aided by a one-time reversal of interest expenses. Revenue for Q2 grew 1.6% quarter-on-quarter (QoQ) to ₹11,200 crore, surpassing expectations of flat growth, while the EBITDA margin inched up slightly to 41.9% from 41.8% in the previous quarter. The net loss fell to ₹5,500 crore from ₹6,600 crore in Q1, better than analysts’ estimate of ₹6,800 crore, supported by reduced interest costs. Cash EBITDA (ex-IndAS) rose 3% QoQ to ₹2,250 crore, exceeding projections by 2.5%. The subscriber base fell by 1 million, but average revenue per user (ARPU) increased to ₹180 from ₹165. Vodafone Idea’s gross debt, inclu...
Ronnie Screwvala says Peyush Bansal priced Lenskart IPO 20% below actual value
Business

Ronnie Screwvala says Peyush Bansal priced Lenskart IPO 20% below actual value

Early Lenskart investor and entrepreneur Ronnie Screwvala has defended the eyewear brand’s IPO pricing, saying co-founder and CEO Peyush Bansal deliberately set it about 20% below the company’s true value. Speaking to Moneycontrol ahead of Lenskart’s market debut, Screwvala compared the firm with Titan EyePlus, noting that although Titan had been around for years, it never expanded India’s eyewear market the way Lenskart has. Lenskart, which is set to list next week with an estimated valuation of ₹70,000 crore ($7.97 billion), has faced scrutiny over its pricing. Screwvala argued that Lenskart’s strong fundamentals, omnichannel execution, and predictable growth justify its valuation. He said the company’s compound annual growth rate (CAGR) is among the most consistent in the industry, ...