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Navitas Stock Surges 19% on NVIDIA MGX AI Partnership, June 04
Navitas Semiconductor (NVTS) surges 19% on NVIDIA MGX collaboration for 800V AI power delivery and infrastructure growth.
Rajesh Exports Scandal: SEBI Flags ₹15 Lakh Crore Revenue Discrepancy Allegations
One of India’s most closely watched corporate fraud cases broke wide open on June 4, 2026. SEBI passed an interim order against Rajesh Exports Limited (NSE: RAJESHEXPO), the world’s largest gold processor, alleging it misrepresented consolidated revenues worth ₹15.15 lakh crore between FY21 and FY25. The alleged misrepresentation accounts for 99.80% of all revenues generated…
Atlanta Electricals Shares Hit 5% Upper Circuit for Second Day After ₹285 Crore Supply Order Win
Shares of Atlanta Electricals continued their strong rally and hit the 5% upper circuit for the second consecutive trading session after the company announced a major supply order worth approximately ₹285 crore. The latest contract has strengthened investor confidence and highlighted the company’s growing position in India’s power transmission equipment sector. The stock market responded…
TSMC CEO Sees Continued AI Boom Driving Chipmaker Growth in Coming Years
The global semiconductor industry is entering a new phase of growth, and TSMC is positioned at the center of this transformation. The world’s largest contract chipmaker expects the artificial intelligence revolution to continue driving demand for advanced semiconductors for many years. Recent comments from CEO C.C. Wei highlight the company’s confidence in the future of…
Asia FX Holds Steady Following Selloff Triggered by Dollar Strength and Middle East Risks
Asia FX markets steadied on June 4, 2026, after a bruising stretch driven by dollar strength and renewed Middle East escalation. The US Dollar Index (DXY) traded near 99.00 heading into the June 3–4 session, after hotter-than-expected JOLTs job openings data cemented a higher-for-longer rate outlook at the Federal Reserve. That macro backdrop kept pressure…
Mitsubishi Mahindra Exits Farm Equipment, Morooka Takes Tractor Line
Mitsubishi Mahindra exits farm equipment business. Morooka receives tractor asset transfer. About 900 employees face job losses by September 2026.
TSMC Limited Sees Stake Increase: Avestar Capital LLC Adds 1,164 Shares, Up 10.5% in Q4
Institutional investors continue to show strong confidence in Taiwan Semiconductor Manufacturing Company (TSMC), one of the world’s most important chipmakers. During the fourth quarter of 2025, Avestar Capital LLC increased its stake in the company by 10.5%, adding 1,164 shares to its portfolio. The move comes as demand for AI-powered technologies and advanced semiconductors keeps…
Partners Group Shares Plunge 17% on Fund Redemption Cap, June 04
Partners Group caps redemptions at $8.6B fund after 9.8% withdrawal requests, triggering 5% quarterly limit and 17% share decline.
Sensex Falls 400 Points, Nifty 50 Opens at 23,282 as Trent and Eicher Motors Lead Losses
The Indian stock market started Thursday’s session on a weak note as the Sensex slipped more than 400 points, while the Nifty 50 opened at 23,282. Investors remained cautious due to continued foreign fund outflows, mixed Asian market trends, and elevated crude oil prices. Market sentiment also remained sensitive to global geopolitical developments. Sensex Opens…