Finance news on June 29, 2026

1. 0103:41 UTC

   Elara Capital reports auto ancillary revenue up 12.5% in FY26

   3 outlets · first: economictimes.indiatimes.com Earnings

   Machine summary Elara Capital said auto ancillary sector revenue grew 12.5% year-on-year in FY26, led by volume growth and an improved product mix. The report said absolute EBITDA rose 13.3% while the aggregate operating margin remained flat at 13.6%.

   1. Elara Capital reported auto ancillary sector revenue grew 12.5% year-on-year in FY26, according to the report.
   2. The report said absolute EBITDA grew 13.3% while the aggregate operating margin remained flat at 13.6%.
   3. The report said 25 of 59 listed auto component manufacturers analysed reported a contraction in operating margins.
   4. The report said suspension braking and multiproduct categories led revenue expansion with year-on-year growth of 16% and 15%, respectively.
   5. The report said tyres, lighting and suspension segments posted 17% EBITDA growth, while forgings and batteries posted degrowth of 4% and 1%, respectively.

   Reported by economictimes.indiatimes.com, The Hindu - Business Line and bignewsnetwork.com (Big News Network).

   • Elara Capital

2. 0221:37 UTC

   Grantham targets SpaceX over $28.5T TAM

   3 outlets · first: Sacbee Markets

   Machine summary Jeremy Grantham, co-founder of GMO, compared SpaceX's asteroid-mining claims and $28.5T TAM to past bubbles.

   1. SPCX closed at $153.23 on June 26, down 32% from its all-time high of $225.64 reached on June 16.
   2. Jeremy Grantham, co-founder of GMO, called SpaceX a fabulous BS story on Steven Bartlett's podcast.
   3. His bearish call adds to prior warnings from the former Nasdaq CEO, Jim Cramer, Doug Kass, and Michael Burry, who studied the trade and walked away.
   4. SPCX continued to decline in early trading on June 29, extending the bearish run.

   Reported by Sacbee, miamiherald.com and kansascity.com.

   • SpaceX
   • GMO

3. 0300:58 UTC

   Coverage recordthenationonlineng.net: “Nigeria loses N5tr yearly to logistics failure”

   1 outlet · first: thenationonlineng.net Economy

   The outlets that reported this event are listed with links to their reports; no summary of ours passed our automated checks for it, which says nothing about the event (how they work).

   Reported by thenationonlineng.net.

4. 0402:32 UTC

   Aastha Spintex's Rs 170 cr IPO opens for subscription today

   1 outlet · first: economictimes.indiatimes.com IPOs

   Machine summary Issue priced at 125-136/share, closing July 1.

   1. Aastha's total income grew from Rs 239.7 crore (FY23) to Rs 352.2 crore (FY25); net profit jumped from Rs 1.1 crore to Rs 22.9 crore.

   Reported by economictimes.indiatimes.com.

   • Aastha Spintex

Each summary and its key facts are a machine summary of the reports linked under it; the outlets, times and counts come from those reports' own records. How a rundown is built.