Economic Times5/2/2026BusinessIndia
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Developing·49m ago
Michael Burry Opens Short Position Against Micron Technology
Michael Burry has initiated a short position against Micron Technology, citing 'historically extreme' stock levels driven by AI hype and FOMO, not fundamentals. He points to the company's cyclical history and poor profitability metrics as indicators of significant downside risk.
Times of India
Developing·1h ago
Government to Sell Up to 5.04% Stake in Cochin Shipyard via Offer for Sale
The Indian government plans to sell up to 5.04% of its stake in Cochin Shipyard Ltd through an Offer for Sale (OFS). The bidding for institutional investors starts July 7, followed by retail investors on July 8, with a floor price set at Rs 1,400 per share. This move is part of the government's disinvestment program.
Economic Times
Developing·4h ago
Alternative Fuel Vehicles Hit 40% Market Share in India for First Time
For the first time, alternative fuel vehicles (CNG, hybrid, electric) accounted for over 40% of passenger vehicle retail sales in India in June. This shift signals a strong consumer preference for fuel efficiency and lower running costs, with CNG leading the segment.
Times of India
Developing·6h ago
BPCL to Invest ₹10,000-12,000 Crore to Expand Retail Offerings and EV Network
Bharat Petroleum Corporation Ltd (BPCL) plans to invest ₹10,000-12,000 crore to expand its retail offerings, including its EV charging network, Drive Fresh, and Be Cafe initiatives. The company aims to increase its market share from 29.9% to 32% by 2030, shifting from a product-centric to a solution-centric approach.
Economic Times
Developing·6h ago
Sebi Warns Reliance Industries Over Insider Trading Lapses
Sebi has issued an administrative warning to Reliance Industries after finding that two employees and a relative traded shares while possessing unpublished price-sensitive information. The regulator noted compliance lapses but imposed no financial penalties, with Reliance promising corrective measures.
Economic Times
Developing·6h ago
China Slashes Fuel Prices Amidst Declining Crude Oil Costs
China has significantly reduced fuel prices, bringing them close to pre-war levels as crude oil costs decrease. Indian private retailer Nayara Energy has also cut its fuel rates, while state-run firms have not yet followed suit due to substantial first-quarter losses.
Economic Times