Newsletter | Why falling Crude isn’t boosting Castrol India shares; All Apple announced at WWDC 2025 & more

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Why cheaper crude oil is not enough for Castrol shareholders

Typically, a fall in crude prices is good for a company like Castrol India, which makes engine oil and lubricants. However, despite a 14% drop in global crude oil prices so far in 2025, shares of Castrol India are up just about 9% this year so far, and almost the entire rally has come only in the last month.

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Tata Motors share price outlook: Analysts remain cautious ahead of JLR investor day

Shares of Tata Motors Ltd., the manufacturer of passenger and commercial vehicles and the parent company of Jaguar Land Rover (JLR), will be in focus on Tuesday. This comes after several brokerage firms shared their views following Tata Motors’ Annual Investor Day, where the company outlined its outlook and growth strategy for its India operations.

The company expects single-digit growth in both the domestic commercial vehicle (CV) and passenger vehicle (PV) segments in financial year 2025-26 (FY26).Tata Motors is targeting a 40% market share in the CV segment by FY27, up from 36% in FY25, driven by new product launches and a recovery in the small commercial vehicle (SCV) category.

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Zee Entertainment to acquire stake in startup Bullet to launch micro-drama app

Shares of Zee Entertainment Enterprises Ltd. gained over 6% on Tuesday, June 10, after the company said it entered into a strategic partnership with startup Bullet to launch India’s first micro-drama app.

Zee Entertainment will be acquiring stake in Bullet. The value of the stake as well as amount invested to acquire it remain undisclosed.Micro drama is a short, bite-sized video stories that are creator-driven.Micro dramas are designed to fit mobile-first consumption habits of younger viewers.

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‘More hours, same pay, worse lives’: Andhra Pradesh slammed for 10-hour work rule 

The TDP-led NDA government in Andhra Pradesh has decided to increase the maximum working hours from nine to ten per day in all private firms and factories. This announcement, aimed at attracting more investments and industries, quickly resulted in outrage and backlash from labour unions, opposition and social media users.

According to news agency PTI, Information and Public Relations (I&PR) Minister K Parthasarathy has announced that labour laws would be amended to make them more ‘favourable’ to workers and investors.

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Oswal Pumps sets IPO price band at ₹584-614; issue opens on June 13

Integrated solar pump manufacturer Oswal Pumps has set the price band for its initial public offering (IPO) at ₹584-614 per share. The IPO will open for subscription on June 13 and close on June 17.

Investors can bid for 24 shares in one lot and its multiples thereafter.The issue comprises of fresh issue of ₹890 crore and an offer for sale of 0.81 crore shares one of the promoters Vivek Gupta who currently holds a 25.17% stake in the company.The post issue implied market capitalisation is expected to be between ₹6,700 and ₹6,998 crore.

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Gold prices ease amid US-China talks: How long will the correction last

Gold prices fell on Tuesday, June 10, as investors remained cautious ahead of the outcome of high-level trade talks between the United States and China in London.

In the international market, spot gold slipped 0.5% to $3,311.16 an ounce, while US gold futures dropped 0.7% to $3,330.90 an ounce as of 01:25 GMT.In India, gold was priced at ₹97,580 per 10 grams for 24 karat gold, ₹89,450 for 22 karat, and ₹73,190 for 18 karat, according to Goodreturns.“Gold is trading reservedly until we see what, if any, progress is made between the two global superpowers,” said Tim Waterer, chief market analyst at KCM Trade.

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ICICI Bank revises fixed deposit interest rates

ICICI Bank has slashed its fixed deposit (FD) interest rates by up to 25 basis points (bps) following the Reserve Bank of India’s recent cut in the repo rate. The new rates are effective from June 10, 2025.The changes apply to deposits below ₹3 crore and vary based on tenure and customer type.The bank offers higher returns to senior citizens across all durations.

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Swiggy, Zomato food biz risks a 20% valuation cut if Rapido executes well: Elara Capital

Rapido, best known for bike taxis, is now taking on Swiggy and Zomato in food delivery—and it could be a game changer. If things go right, this new challenger might not just grab market share but also knock down valuations of the incumbents, says Karan Taurani, Executive Vice President at Elara Capital.So what makes Rapido different from past entrants? For starters, it already has a major edge in logistics. “Rapido has got a large fleet of scooter riders all across the country, almost about four million riders,” Taurani pointed out—something most other challengers lacked.If Rapido executes well, Taurani believes Swiggy’s food delivery valuation could drop by up to 20%, translating into an 8-10% cut in overall target prices.

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Apple reveals iOS 26 and its new ‘Liquid Glass’ design: Here’s what to expect

Apple on Monday previewed iOS 26, its next major iPhone software update, spotlighting a striking new design language and a suite of smarter, more expressive features.

The update, revealed at the company’s annual developer conference WWDC 2025, will roll out this fall for iPhone 11 and newer models.

As was expected, at the heart of iOS 26 is a redesigned interface built around Liquid Glass — a new translucent material that reflects and refracts its surroundings to bring focus to content and controls.

According to Apple, this is the first major overhaul of the iOS design since iOS 7 in 2013, which introduced the current flat-icon look on the iPhones.

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This is what Apple’s new ‘Liquid Glass’ design looks like on the new update

At WWDC 2025, Apple gave its software a fresh coat of polish — literally. The company unveiled iOS 26 with an all-new design language centered around a dynamic, translucent material called Liquid Glass. It’s the biggest visual redesign in years, spanning across iPhone, iPad, Mac, Apple Watch, and Apple TV.

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WWDC 2025: Everything Apple announced across iOS, macOS, watchOS, and visionOS

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