Latest Stock Market News

Tesla shareholders overwhelmingly approved Elon Musk s record-breaking $878 billion pay package, endorsing his ambitious AI and robotics vision. The vote allows Musk to pursue self-driving cars, a robotaxi network, and humanoid robots, despite concerns over his political rhetoric and potential conflicts with his xAI startup. This approval is seen as crucial for Tesla s future valuation and Musk s continued leadership.

Markets are reacting to private data as economic figures are scarce due to the US government shutdown. Job cuts are rising, particularly in technology and warehousing. Concerns about high tech valuations are also unsettling investors. Meanwhile, Federal Reserve officials are weighing inflation risks against labor market strength. Oil prices are seeing increased supply.

Indian markets saw a slight dip on Thursday. Key companies like Infosys, Apollo Hospitals, and Airtel are in focus due to corporate news and earnings. Infosys announced its record date for a large share buyback. Apollo Hospitals reported strong profit growth. LIC also posted a significant rise in net profit. Singtel plans to sell a stake in Bharti Airtel.

The Securities and Exchange Board of India (Sebi) is set to simplify IPO processes by reducing offer document summary content and streamlining procedures for companies with pre-IPO pledged shares. Chairman Tuhin Kanta Pandey stated these changes aim to encourage informed investor feedback and prevent listing delays.

Life Insurance Corp, or LIC, saw its September quarter profit jump 31% to over ₹10,000 crore. This growth was fueled by its core business and improved margins. While premium growth faced a temporary dip due to GST benefits, LIC anticipates a strong second half. The company is focusing on profitable products and passing on GST benefits to customers.

State Bank of India and France s Amundi will sell a 10% stake in their asset management firm, SBI Funds Management. This will be done through an initial public offer. SBI will divest 6.3% and Amundi 3.7%. The IPO is expected to be completed in 2026. SBI Funds Management will be the third SBI subsidiary to list.

MSCI has updated its global indices. Fortis Healthcare, GE Vernova T&D India, Paytm, and Siemens Energy India are now part of the Global Standard Index. This move is expected to bring substantial investment into these stocks. Changes also affect the India Small Cap Index. Several companies will see their index weights adjusted, influencing fund movements.

Adani Enterprises is set to launch its largest fundraising yet, a ₹25,000 crore rights issue. This will be spread over six to eight months in four tranches. The company plans to use a significant portion to repay loans from its promoters. This move will free up capital for future debt. The rights issue details are expected soon.

Digital payment firm Pine Labs aims to raise over ₹3,800 crore via fresh equity and an offer for sale. Despite robust revenue and transaction growth, the company posted losses primarily due to ESOP costs, though Q1FY25 saw a net profit. Investors with a higher risk appetite may find this IPO appealing for long-term prospects.

Global markets experienced a downturn Thursday, with tech and consumer stocks leading the decline. The British pound strengthened as the Bank of England held interest rates steady. U.S. chipmaker Qualcomm saw its shares fall on future product concerns. Investors are closely watching corporate earnings, U.S. government shutdown impacts, and trade tariff developments.