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Nifty IT Index Tanks 6.5%; Infosys, Mphasis, TCS Lead ₹IT Selloff Following Accenture Forecast Cut
Nifty IT witnessed one of its biggest single-day declines in 2026 after global consulting and technology giant Accenture lowered the upper end of its FY26 revenue growth guidance. The disappointing outlook sparked a broad-based selloff across Indian IT stocks as investors reassessed earnings expectations for the sector. Heavyweights including Infosys, TCS, HCLTech, Wipro, Tech Mahindra,…
SpaceX Stock Falls 8% as Post-IPO Rally Loses Steam, June 19
SpaceX stock falls 8% as post-IPO rally ends. Market cap drops to $2.5T. Fed rate hike signals and overvaluation concerns cited by analysts.
NZX Midday Update: Consumer Services Jump 5% as SkyCity Soars 15%, KMD Brands Slides
The NZX Midday Sector delivered a mixed trading session as Consumer Services emerged as the strongest performer, supported by a sharp rally in SkyCity Entertainment Group. At the same time, KMD Brands moved lower, highlighting the uneven sentiment across New Zealand equities. Investors continued to rotate into selected consumer stocks while remaining cautious on retailers…
VW Loses Independent Board Voice as Wiegand Steps Down, June 19
Volkswagen’s sole independent board member Susanne Wiegand resigns after one year amid governance tensions and restructuring pressures.
Temasek Backs Anthropic IPO as AI Valuation Hits $965B, June 19
Temasek backs Anthropic’s IPO as the AI startup’s valuation reaches $965 billion following its June 1, 2026 SEC filing.
Idorsia Stock Surges 24% on Debt Refinancing Deal, June 19
Idorsia stock surges 24% to 5.78 CHF after refinancing debt and extending liquidity to 2028. Swiss biotech advances insomnia drug development.
ASML Executives Questioned by U.S. Commerce Chief Over Potential EUV Export Breach
The global semiconductor industry is once again in focus after ASML came under fresh scrutiny from the United States over its most advanced chipmaking equipment. The discussions have renewed attention on export controls, China-related technology restrictions, and the future of advanced semiconductor manufacturing. While the concerns are serious, ASML has strongly denied that any of…
Hyundai Motor Group Eyes Full Ownership of Boston Dynamics in $325M SoftBank Stake Buyout
Hyundai Motor Group is taking another major step in its robotics strategy. The South Korean automotive giant is reportedly preparing to acquire SoftBank’s remaining 9.65% stake in Boston Dynamics for $325 million, a move that would make Boston Dynamics a wholly owned subsidiary. The deal comes as Hyundai increases its investments in artificial intelligence, humanoid…
IREN Stock Jumps 5% on Jefferies Buy Rating, June 19
IREN stock rises 5% after Jefferies initiates buy rating with $79 target, adding 490MW power capacity in Spain via Nostrum acquisition.