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Meanwhile, TCS clarified the implications of a US Supreme Court decision in its long-running legal battle with DXC Technology, making IT stocks a key area of focus for investors today.
HCLTech shares gain after ₹1,427 crore investment in Sarvam AI for over 10% stake
Shares of HCLTech Ltd. gained over 2% on Tuesday, June 16, after the company led a funding round for Sarvam AI, India's largest pure-play AI startup. HCLTech has invested ₹1,427 crore or around $150 million in Sarvam AI to acquire 10.46% stake in the startup.
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TCS clarifies on US Supreme Court verdict in $168 million dispute; Stock in focus
Shares of Tata Consultancy Services Ltd. (TCS) will be in focus on Tuesday,
June 16, after the company disclosed that the Supreme Court of the United States declined to hear its appeal in a long-running trade secrets dispute with DXC Technology. The Court turned away on Monday a bid by TCS to overturn a $168 million award won against it by DXC Technology for allegedly stealing trade secrets related to life-insurance software.
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Nvidia to raise $25 billion in first corporate bond sale in five years
Nvidia said on Monday (June 15) it would raise $25 billion through a US bond issuance, as it taps the debt market to increase liquidity for the first time since 2021. The debt financing was more than initially planned, Reuters had reported earlier on Monday, citing two sources.
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SpaceX market cap at $2.5 trillion after another 20% surge
Retail investors emerged as major participants in the blockbuster IPO of SpaceX, with major brokerage platforms in the US ensuring that every eligible customer who applied for shares received at least a minimum allocation.
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Devyani International, Sapphire Foods shares rise up to 7% after exchange nod for merger
Shares of Devyani International Ltd. and Sapphire Foods India Ltd. are trading higher on Tuesday, June 16, after BSE issued its observation letter for the proposed merger between the two restaurant operators, allowing the companies to move ahead with the next stage of the transaction.
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Rupee strengthens to 94.61 against dollar as US-Iran deal keeps oil prices subdued
The Indian rupee opened 10 paise higher at 94.61 against the US dollar on Tuesday (June 16), compared with Monday's (June 15's) close of 94.71, extending gains as investors continued to assess the impact of lower crude oil prices following the Iran-US peace agreement.
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Gems and jewellery exports dip 2.5% in May; silver and lab-grown diamonds emerge as bright spots
India's gems and jewellery exports declined 2.49% year-on-year in May 2026 as geopolitical tensions and volatility in precious metal prices weighed on overseas demand, while imports also fell sharply, reflecting a cautious global market environment.
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₹500 crore crypto fraud: ED carries out raids, arrests one for laundering investor funds
The Enforcement Directorate (ED) on Monday (June 15) conducted searches and arrested a person in a money laundering probe linked to an alleged ₹500-crore cryptocurrency fraud that affected more than 2.48 lakh investors.
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Mumbai Monsoon: IMD pegs June 25 as arrival date while Skymet warns of record delay
Mumbai's wait for the Southwest Monsoon is set to get longer, with the India Meteorological Department (IMD) now projecting its arrival around June 25, while private forecaster Skymet has warned that the onset could be delayed even further, potentially making it the latest monsoon arrival in the city's recent history.
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ITR filing season: A tax checklist for freelancers, influencers and gig workers
With the income tax return (ITR) filing season underway, freelancers, influencers, content creators and other gig workers need to be mindful of a few additional compliance requirements compared with salaried taxpayers.
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