Shares of Zee Entertainment Enterprises Ltd $ZEEL.NS rallied sharply on Monday, climbing nearly 10% intraday to reach ₹146.45—its highest level since August 2024. The surge came despite an overall soft tone in the broader Indian equities market, indicating concentrated buying interest and momentum-driven participation in media counters.
Elara Securities has reaffirmed its optimistic stance on BEML Ltd $BEML.NS following a recent meeting with the company’s management. The brokerage foresees a notable expansion in BEML’s order book to ₹22,000–23,000 crore by FY26, citing strong project momentum, scale benefits, and refined cost structures. A “Accumulate” rating has been retained, with a target price of ₹4,860.
Nintendo Co. Ltd. $7974.T revealed new details about its upcoming title, Donkey Kong Bananza, during the Nintendo Direct event. A key highlight is the inclusion of Pauline from Super Mario Odyssey, who partners with Donkey Kong, enhancing the gameplay experience significantly. This integration introduces fresh dynamics, offering players new strategies and interactions.
Shares of Tata Motors Ltd. $TATAMOTORS.NS declined by over 5% during early trading on Monday, following a downward revision of earnings expectations for its British luxury subsidiary Jaguar Land Rover (JLR). The company now projects an EBIT margin between 5% and 7% for FY26, significantly below the previously communicated target of 10%, citing the potential impact of proposed U.S. import tariffs on foreign vehicles. The revised margin forecast also reflects a reduction from the 8.5% EBIT margin achieved in FY25, indicating margin compression amid an increasingly protectionist trade environment and cost pressure across the automotive value chain.
Air France-KLM $AF.PA has reiterated its confidence in the Boeing 787 Dreamliner program following a fatal crash involving an Air India flight en route from London to Ahmedabad. The incident, which occurred on Thursday, marked the deadliest aviation accident of the past decade and has reignited scrutiny over commercial aircraft safety standards. Ben Smith, CEO of the Franco-Dutch airline group, addressed the topic on Friday during the Paris Air Forum. “We remain confident in the aircraft; KLM operates 34 Dreamliners”, Smith stated, affirming the group’s ongoing operational commitment to the model despite the tragedy. He extended condolences to the victims and emphasized that a full investigation into the incident is ongoing.
Seazen Group Ltd. $1030.HK is reportedly preparing to issue USD-denominated bonds totaling between $200 million and $300 million, marking one of the few recent offshore financing attempts by a Chinese real estate developer. The proposed bonds would mature in 2.5 years, with issuance targeted for June 2025, according to sources familiar with the matter. This potential deal comes at a time when China’s property sector remains under significant financial stress, weighed down by declining sales, tight regulatory controls, and limited access to capital markets. Seazen’s initiative may signal a tentative reopening for offshore debt markets to selected issuers deemed relatively stable within the battered industry.
Rio Tinto $RIO, a global mining powerhouse, is currently engaging in discussions with Australian governmental authorities to secure financial assistance for its pivotal asset, the Tomago aluminum plant. Located in New South Wales, Tomago is renowned as the largest electricity consumer in the region, drawing approximately 12% of the state's energy supply. As reported by the Australian Financial Review, the negotiations center around securing energy contracts for 2026-2029 and exploring potential federal government tax concessions.
Remy Cointreau SA $RCO.PA, a key player in the premium spirits industry, has retracted its long-term sales guidance, reshaping investor outlook. This decision is rooted in heightened tariff volatility between the United States and China, coupled with a subdued rebound in the US, which remains a central market for the company’s flagship cognac Remy Martin.
Circle Internet Group Inc., the operator behind the USD Coin $USDCUSD stablecoin, has notably increased both the volume and pricing of its upcoming initial public offering. According to the filing submitted to the U.S. Securities and Exchange Commission (SEC), the company, along with select stakeholders, now aims to sell 32 million shares at a range of 27–28 USD each. This marks a substantial shift from the earlier proposal of 24 million shares at 24–26 USD per unit.
HP Inc. $HPQ reported a substantial downward revision of its profit forecast, sparking a sharp fall in its stock price by up to 13% on Thursday. The tech company’s updated annual outlook reflects headwinds from both macroeconomic pressures and the persistent effects of US-imposed tariffs on Chinese imports. The combination of weakening demand and trade friction has prompted concerns regarding revenue stability and operational efficiency.
PDD Holdings Inc. $PDD, the parent company of the discount e-commerce platform Temu, recorded a significant downturn in its share price on the US market following an unexpected earnings miss for the latest quarter. The report revealed revenues at 95.7 billion Chinese yuan (CNY), equivalent to 13.3 billion USD, trailing below analysts’ consensus estimate of 101.6 billion CNY. Net profit came in notably weaker at 14.7 billion CNY compared to the forecasted 25.7 billion CNY. The disappointing results prompted a steep 18% decline in PDD’s American Depository Receipts (ADRs) after the opening bell on Tuesday in New York.
FTSE Russell has confirmed its latest annual restructuring for the FTSE Russell 1000 $^RUI, introducing 36 new companies into the broad US large-cap index. Of these, 19 have advanced from the FTSE Russell 2000 $^RUT, driven by significant growth in market capitalization. The adjustments take effect after market close on June 27.
