Sensex and Nifty End Marginally Higher Despite Late Selling Pressure

June 25: Indian equity benchmarks closed marginally higher in a volatile trading session, as early gains were partially erased by late selling pressure. Despite intraday fluctuations, both Sensex and Nifty managed to end in positive territory, reflecting a cautious yet stable market sentiment.

The session witnessed a strong start, supported by selective buying across key sectors. However, profit booking in the latter half of the trading day weighed on overall momentum, leading to a moderation in gains by the close of trade.

Market participants observed that investor sentiment remained mixed amid global cues and ongoing domestic developments. While some sectors showed resilience, others faced selling pressure, resulting in a narrow trading range for most of the session.

Analysts noted that the market continues to be driven by stock-specific movements, with investors focusing on corporate earnings, macroeconomic indicators, and global market trends. The overall trend, however, indicates underlying strength in the broader market despite short-term volatility.

Experts suggest that cautious optimism persists among investors, with a focus on quality stocks and long-term positioning. The ability of the indices to hold gains despite late-session weakness is seen as a sign of continued market resilience.

India-Led BRICS Initiative Launches Digital Centre of Excellence for Smart Grids and Energy Storage

June 25: Marking a significant milestone in international energy cooperation, BRICS nations have officially launched a Digital Centre of Excellence (DCoE) dedicated to Smart Grids and Energy Storage under India’s chairmanship. The initiative is aimed at fostering innovation, knowledge-sharing, and technological collaboration among member countries in the rapidly evolving energy sector.

The newly established Centre of Excellence will serve as a collaborative platform for research, capacity building, and the exchange of expertise in smart grid technologies and advanced energy storage systems. The initiative is expected to support the modernization of power infrastructure and facilitate the integration of renewable energy sources across BRICS economies.

The launch underscores the collective commitment of BRICS nations to strengthening energy security, promoting sustainable development, and accelerating the adoption of digital technologies in the energy sector. By encouraging cooperation among governments, industry stakeholders, and research institutions, the Centre will help address emerging challenges related to energy transition and grid resilience.

India’s leadership in establishing the Digital Centre of Excellence reflects its growing role in advancing global clean energy initiatives and promoting technology-driven solutions for sustainable growth. The Centre is also expected to support policy development, skill enhancement, and innovation-led partnerships among member countries.

As energy systems worldwide undergo rapid transformation, the BRICS Digital Centre of Excellence is poised to become an important hub for collaboration, helping member nations build smarter, more efficient, and sustainable power networks for the future.

FIA delivers strongest set of financial results in a decade

Federation continues its financial transformation since election of H.E. Mohammed Ben Sulayem as President in 2021

Dubai, UAE, June 25: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, has today reported its strongest operating result in 10 years.

For FY2025, the FIA delivered an operating profit of €6.7m, up 43% year-on-year and representing a significant turnaround from the €-24m operating loss reported in 2021. Operating revenue was €191.7m, a 75% increase since FY2021.

This result builds on the FIA’s return to profitability delivered in FY2024, and reflects the continued financial transformation of the federation since the election of the President of the FIA, H.E. Mohammed Ben Sulayem, in 2021.

It is underpinned by a stronger commercial strategy, improved cost discipline, and clearer financial oversight across the organisation.

H.E. Mohammed Ben Sulayem, President of the FIA, said: “Six months into my second term as FIA President, I remain committed to ensuring a profitable and financially sustainable operation. Today, I am proud that we have continued to deliver on this mission, achieving the FIA’s strongest operating result in ten years and building on the significant progress made since 2021.

“Improving the governance, transparency and financial health of the FIA was central to my manifesto pledge, and we have transformed the organisation into a more resilient and professional federation.

“I will continue to work closely with all stakeholders to drive positive change across the FIA and deliver long-term value for our Member Clubs, our Championships, our people, and our global mobility and motor sport communities.”

The 2025 results were supported by strong performance across key FIA Championships and commercial activities. This included the advancement of a new promoter process for the FIA World Rally Championship with improved commercial terms, strong performance from the FIA World Endurance Championship, and the implementation of new regulations.

Additionally, the landmark long-term contract extension with the ABB FIA Formula E World Championship promoter, Formula E Holdings Limited generated an exceptional gain of €20m, reflecting the Championship’s continued growth.

The FIA Commercial Department, established in 2023, launched a new Global Partner Programme focused on innovative partnerships with global brands and tech partners, contributing to overall revenue growth. These include DHL, Rolex, Hankook and AlphaTauri as Global Partners, and Siemens and Tomorrow.io as Official Partners.

The FIA is in a much stronger position to deliver value for its Member Clubs across the world and continue investing in the Championships under its governance.

Since 2022, over €20m has been reinvested into key initiatives such as a new Officials Department to better support the training and development of the officiating community, and the Safe Mobility 4 All and 4 Life programme.

The federation has continued to modernise its operations, governance, and communications. It opened its first office in London in 2025, strengthening its global footprint and supporting its ability to attract talent and deliver its mission across international markets.

It increased its headcount to 308 permanent employees in 2025, a 14% increase on prior year. New initiatives such as FIA CareerShift and FIA Graduate Pathway Rotational Programme reflect further investment into professional development and career pathways.

Across sport, the FIA continued to strengthen the long-term foundations of its Championships and competition structures in 2025.

The signing of the Concorde Governance Agreement with Formula One Group established a structured governance model for the sport and helped secure its long-term future.

In mobility, the FIA continued to advocate globally for safer, more accessible and more sustainable transport, while sustainability also remained a central priority.

Through the FIA University, the federation published new research to support decision-making by Member Clubs, policymakers and industry stakeholders, while promoting professional development through programmes including the Advanced Leadership Programme and Executive Leadership Programme.

The FIA reported a strong financial position at year end, with cash and cash equivalents equal to 73% of the balance sheet, an increase of 6% year-on-year, an equity ratio of 49%, and no financial debt.

This financial position supports the FIA’s ability to continue investing in its Championships, its Member Clubs, its people and its strategic priorities across sport and mobility.

Indian Stock Market Remains Attractive for Long-Term Investors: Report

June 25: The Indian stock market continues to be one of the most attractive investment destinations for long-term investors, according to a recent market report. The report highlights India’s strong economic fundamentals, growing domestic consumption, increasing infrastructure investments, and supportive policy environment as key factors driving optimism in the equity market.

According to the report, India remains well-positioned to sustain its growth momentum despite ongoing global economic uncertainties. Strong corporate earnings, rising investor participation, and continued economic expansion are expected to support long-term value creation across various sectors of the market.

The report notes that India’s rapidly growing middle-class population, digital transformation initiatives, and focus on manufacturing and infrastructure development are creating significant opportunities for businesses and investors alike. These structural growth drivers are likely to strengthen corporate performance and contribute to the long-term growth of the capital markets.

Market experts believe that while short-term volatility may continue due to global and domestic factors, the overall outlook for Indian equities remains positive. Long-term investors who maintain a disciplined investment approach and focus on fundamentally strong companies are expected to benefit from the country’s growth trajectory.

The report also points out that increasing participation from both domestic and foreign investors reflects growing confidence in India’s economic prospects. Continued reforms, improved business conditions, and a stable investment environment are further enhancing the attractiveness of Indian equities.

As India continues its journey toward becoming a larger and more influential global economy, the stock market is expected to remain a key avenue for wealth creation and long-term investment growth.

Pegasystems Unveils Strategic India Investment with New Bengaluru Executive Briefing Center

Hyderabad, June 25: Pegasystems Inc.  the enterprise AI software company for mission-critical work, today inaugurated its new office at EcoWorld Tech Park, Bengaluru. The facility, built with an investment in excess of INR 60 crore, marks one of Pega’s most significant infrastructure expansions in India and underscores the company’s long‑term commitment to the country as a core hub for technology innovation, engineering excellence, and client engagement.

The inauguration ceremony was presided over by Shri Priyank M. Kharge, Hon’ble Minister for Home, Information Technology & Biotechnology and e-Governance, Government of Karnataka, as Chief Guest, alongside senior global and India leadership from Pega.

A World-Class Executive Briefing Center at The Heart of the Office

Central to the new facility is the Bengaluru Executive Briefing Center (EBC), a high-impact space designed to elevate how Pega collaborates with clients, partners, and prospects. The hub is designed to host executive‑level meetings, partner collaborations, immersive product demonstrations, solution showcases, roadmap and advisory sessions with senior decision‑makers, and curated Pega Days.

Built as a long-term investment in client engagement and innovation, the Bengaluru EBC reflects Pega’s commitment to bringing its most advanced capabilities, expertise, and thought leadership closer to customers in the region.

The new Bengaluru office further reinforces the city’s role as a strategic anchor within Pega’s global operations, serving as a center of engineering excellence and a key destination for client engagement and business development across Asia‑Pacific and beyond.

Scale and Capability Designed for Growth

The new office is 1.5 times the size of Pega’s previous Bengaluru facility, expanding the company’s footprint in the city by approximately 60%. It features 350+ seats, 35+ meeting and conference rooms, and connected floors designed to foster collaboration and productivity.

The workspace includes modern, technology‑enabled infrastructure such as advanced AV‑equipped meeting rooms, flexible seating zones, open collaboration areas, and dedicated recreational and wellness spaces, including a mother’s room.

Aligned with Pega’s global workplace standards, the facility is certified under LEED, WELL, and IGBC Platinum standards, prioritizing natural light, air quality, energy efficiency, and employee well‑being. Campus amenities include a food court, gym, daycare facilities, and strong public transport connectivity, with upcoming metro access.

Quotes & Commentary:

“Karnataka warmly welcomes Pegasystems’ expanded presence in Bengaluru,” said Shri Priyank KhargeHon’ble Minister for Home, Information Technology & Biotechnology and e-Governance, Government of Karnataka. “This investment is a strong endorsement of the state’s position as a global technology hub and reflects the confidence that leading enterprises place in Karnataka’s talent and ecosystem. We look forward to Pega’s continued role in driving innovation and high‑quality employment in our state.”

“Karnataka’s growth as a global technology hub is being shaped by a strong talent base, forward-looking policy, and institutions that help innovation move from idea to implementation,” said Dr. Manjula N, IAS, Secretary to Government, Department of Electronics, Information Technology, Biotechnology, and Science & Technology, and Chairperson of the BWSSB, Government of Karnataka. “Pegasystems’ investment in Bengaluru adds to this momentum by strengthening the city’s role as a center for advanced engineering, enterprise innovation, and strategic collaboration. Facilities like this create the kind of environment that supports deep technology growth, meaningful partnerships, and long-term value creation in Karnataka.”

“India is central to Pega’s global growth strategy, and this expansion reflects the confidence we have in the talent and capabilities here”, said Alan Trefler, founder and CEO, Pega.  “The new Bengaluru Executive Briefing Center is a significant addition, designed to offer our clients a premier destination to experience Pega’s innovation first‑hand and deepen the partnerships that are critical to our shared success.”

“This new office marks an important milestone for Pega India”, said Deepak Visweswaraiah, senior vice president and managing director, Pega India. “It enables us to deliver immersive, high‑value experiences for our clients right here in Bengaluru – from live demonstrations to strategic executive‑level conversations. Combined with a workspace that reflects our culture and ambition, this facility provides a strong foundation for our next phase of growth.”