Shares of GNG Electronics witnessed a block deal worth about Rs 175 crore on Thursday, with multiple domestic mutual funds and foreign investors picking up shares in the recently listed refurbished electronics company. According to exchange data, Promoter Vidhi S Khandelwal sold 44.87 lakh shares of GNG Electronics at Rs 390 per share, taking the total transaction value to Rs 175 crore.

Among the prominent buyers was Motilal Oswal Equity Opportunities Fund Series II, which acquired 6.41 lakh shares. Other institutional investors participating in the transaction included Mirae Asset Mutual Fund, ITI Mutual Fund, Edelweiss Mutual Fund, Trust Mutual Fund, and Goldman Sachs Asia Equity Portfolio.

Mobius Investment Trust Plc and MCP Emerging Markets Fund LP also picked up stakes in the company.

Recently, Motilal Oswal initiated coverage on GNG Electronics with a positive outlook, highlighting the company’s leadership position in the global refurbished electronics market.

The brokerage said GNG Electronics has built a scaled refurbishment platform spanning about 46 countries, with nearly 95% of revenue generated through institutional and B2B channels. The company operates an integrated sourcing, refurbishment and distribution model, which helped it deliver a volume CAGR of around 43% between FY23 and FY26.

Motilal Oswal believes the refurbished personal computer market is entering a structural growth phase, supported by affordability, improving product reliability, AI-driven hardware replacement cycles and regulatory initiatives such as right-to-repair and extended producer responsibility (EPR) norms.
The brokerage noted that GNG’s in-house refurbishment capabilities allow advanced repairs, higher recovery rates and better realizations. Despite nearly tripling volumes over FY23-26, warranty-related costs have remained low, indicating strong process controls and execution.The broker expects the company to deliver a 26% revenue CAGR, 31% EBITDA CAGR and 36% profit CAGR between FY26 and FY28, driven by higher volumes, margin expansion, improving recovery economics and lower financing costs.

GNG Electronics operates under the “Electronics Bazaar” brand and is among the largest organized players in the refurbished ICT devices market, serving enterprises, retailers and distributors across global markets.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

NEW YORK — U.S. stock futures climbed early Thursday after the United States conducted fresh strikes against Iran, with investors appearing to price in limited immediate economic disruption even as geopolitical tensions escalated and inflation remained elevated.

Futures attached to the Dow Jones Industrial Average rose 0.3%, while S&P 500 futures gained 0.4% and Nasdaq 100 futures advanced 0.3%. The modest uptick followed a downbeat Wednesday session in which major indexes fell on the latest consumer price data and renewed Middle East conflict concerns.

U.S. Central Command confirmed the strikes, describing them as a response to Iran’s “unwarranted and continued aggression.” President Donald Trump had earlier signaled strong action, stating that Iran would “pay the price” for stalled negotiations. The developments come amid a four-month conflict that has disrupted energy flows through the Strait of Hormuz, driven oil prices higher and raised inflation risks.

Inflation Data Adds to Market Pressure

The latest Consumer Price Index report showed prices rising 4.2% year-over-year in May, the highest reading since 2023. Energy costs accounted for more than 60% of the monthly increase, underscoring how geopolitical events are feeding directly into household budgets.

“Today’s CPI data confirmed our expectation that higher energy costs and their ripple effects on the costs of transportation and food would drive May headline CPI higher,” said Atsi Sheth, chief credit officer at Moody’s Ratings.

Core inflation, excluding food and energy, rose 2.9% annually, in line with expectations but still well above the Federal Reserve’s 2% target. The data reinforced bets that the Fed would hold rates steady at its June meeting, with traders now watching Thursday’s Producer Price Index report for further clues on pricing pressures.

Corporate Earnings in Focus

After the bell Wednesday, Oracle reported earnings that beat expectations but saw its stock decline on disappointing cloud sales growth. The mixed results highlighted ongoing selectivity among investors, with strong fundamentals rewarded while any softness in forward-looking metrics punished.

The market’s attention now turns to Friday’s expected debut of SpaceX, positioned as potentially the largest IPO in history. Elon Musk’s rocket company listing could inject fresh optimism into technology and space-related sectors if demand proves robust.

Geopolitical and Oil Market Impact

The renewed U.S. strikes and Iran’s announcement closing the Strait of Hormuz to vessels have roiled energy markets. Gold prices whipsawed, rising as much as 1.1% before reversing course, while oil benchmarks reflected supply disruption fears.

The conflict, now in its fourth month, has raised the likelihood of interest rate hikes as central banks combat inflation spillover from higher energy costs. Markets remain sensitive to any escalation that could further tighten global oil supplies.

Sector and Index Performance

Technology and growth stocks showed relative resilience in futures trading, while energy names gained on higher crude prices. Defensive sectors such as consumer staples and utilities attracted interest as investors sought safety amid uncertainty.

The Dow Jones Industrial Average had closed lower on Wednesday, as did the S&P 500 and Nasdaq Composite. The pullback reflected a combination of inflation worries and geopolitical risk premium being added to asset prices.

Broader Economic Outlook

The U.S. economy continues navigating a delicate balance between solid growth and persistent price pressures. Last week’s employment data showed a labor market that remains broadly in balance, but rising costs are squeezing real wages and consumer confidence.

Heather Long, chief economist at Navy Federal Credit Union, captured the sentiment many Americans are feeling. “Americans are getting squeezed financially. This isn’t just ‘bad vibes’ about the economy. There is real pain, especially for middle-class and lower-income households.”

The Federal Reserve faces a challenging path, with officials likely to emphasize data dependence in upcoming communications. Any signals of patience on rate cuts could support equities, while hints of further tightening might weigh on risk assets.

Investor Sentiment and Strategy

Market participants appear to be adopting a wait-and-see approach, balancing geopolitical risks against corporate earnings resilience and potential policy support. The modest futures gains suggest some optimism that the latest strikes will not immediately escalate into broader conflict.

Diversification remains key, with many advisers recommending exposure to both growth and defensive sectors. Energy and commodity-related names may benefit from higher prices, while technology and consumer discretionary stocks could face pressure if inflation persists.

Looking Ahead

Thursday’s Producer Price Index report will provide additional insight into wholesale inflation trends, potentially influencing Friday’s market open. The SpaceX IPO, if it proceeds as anticipated, could mark a significant milestone for private space companies and draw substantial attention from retail and institutional investors alike.

As the week progresses, focus will remain on any further developments in the Middle East and their potential spillover into energy markets and broader economic conditions. Central bank officials and corporate executives will also weigh in, shaping expectations for the remainder of 2026.

The current environment underscores the interconnected nature of geopolitics, inflation and financial markets. While futures point to a modestly positive open, volatility is likely to persist as new information emerges on both the conflict front and domestic economic indicators.

Investors will continue monitoring the situation closely, seeking to navigate a landscape where external shocks can quickly alter sentiment and asset prices. For now, the modest rebound in futures reflects a market attempting to look beyond immediate headlines toward longer-term fundamentals and policy responses.

The interplay between military developments, energy costs and monetary policy will remain central to market direction in the days ahead. As always, participants are advised to maintain disciplined approaches amid evolving risks and opportunities.

SpaceX’s first employee, Tom Mueller, said the company’s record-breaking IPO will be a “life-changing” moment for employees during an exclusive interview with “The Claman Countdown” on Thursday.

SpaceX will start trading on the NASDAQ on Friday in the largest IPO in history. The IPO is expected to be priced at $135 per share and aims to raise $75 billion, valuing the company at $1.77 trillion.

“Elon always said that ‘Your salary is one thing, but it’s the equity that’s gonna be worth something.’ And we are all like, ‘Yeah, okay someday,” Mueller said. “That day is here. It’s great.”

WHY IT’S INEVITABLE THAT ELON MUSK WILL BE A TRILLIONAIRE

SpaceX will trade under the ticker symbol SPCX, and its employees could become millionaires based on their access to stock options.

The IPO will create more than 4,000 new millionaires among current and former employees of the 24-year-old space giant, according to estimations.

“We’re having a little party tomorrow morning at 6 a.m. We’re going to ring our own bell and celebrate with a bunch of early SpaceX employees,” Mueller told FOX Business.

SpaceX’s founder, Elon Musk, could possibly become the world’s first trillionaire following the historic market debut.

SPACEX TO SEND STARSHIP TO MARS NEXT YEAR, ELON MUSK CONFIRMS

His estimated net worth could rise 26%, from roughly $793 billion to $1 trillion, based on the market value of the assets he owns, including SpaceX and Tesla.

Mueller, who was hired as SpaceX’s first employee in 2002, led projects including the Merlin Engine that powers Falcon 9, the Raptor Engine that powers Starship and other key propulsion systems.

He said joining SpaceX from a large, bureaucratic space corporation was “refreshing” and gave him more freedom to innovate, describing Musk’s company culture as energizing.

“I had just come from TRW, a big space corporation, and getting away from the bureaucracy and able to move fast and really be energized and do the type of product development that we wanted to do… It was really refreshing and fun, actually, even though it was hard. It was actually really satisfying,” Mueller said.

FIRST PRIVATE SPACEX POLAR MISSION SPLASHES DOWN NEAR CALIFORNIA

Mueller explained how a pivotal moment in 2008 helped pull the company, which generated $18.7 billion in revenue in 2025, back from the brink of bankruptcy.

“2008 was actually the year that we finally made orbit, the fourth flight of Falcon 1 made orbit that year, and it was also when we were just about out of money and that flight saved us,” he told “The Claman Countdown.”

“Then we really got regimented and started flying Falcon 9, the rocket that’s currently flying. And it’s been the most reliable rocket in history. So, it really all came together. And now look where we’re at now. We’re a trillion-dollar company.”

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Major investors and corporations are eagerly awaiting SpaceX’s market debut, with BlackRock placing an order for at least $5 billion in shares, according to The Wall Street Journal.

IPO investors can make trades as soon as the SpaceX stock goes live on Friday. 

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Topicus.com Inc. (TOI:CA) Shareholder/Analyst Call May 15, 2026 8:00 AM EDT

Company Participants

Lawrence Cunningham
Caroline Khachehtoori – SVP, General Counsel, Senior Legal Counsel & Corporate Secretary
Bernard Anzarouth – Chief Investment Officer

Conference Call Participants

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Mark Dennison – Constellation Software Inc.

Presentation

Operator

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Please welcome Board of Director and Board Vice Chairman, Constellation Software, Lawrence Cunningham.

Lawrence Cunningham

Thank you very much. Good morning. Welcome to the Annual General Meetings of Constellation Software, Inc., Lumine Group and Topicus.com. Before we begin our management presentations and shareholder Q&A, we’d like to proceed with the formal aspects of these annual general meetings. To start with Topicus, I welcome to the stage, Corporate Secretaries, Mark Dennison and Caroline Khachehtoori. Mark, Caroline.

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Mark Dennison
Constellation Software Inc.

Good morning. I’m Mark Dennison. I am the Corporate Secretary of Topicus. Robin Van Poelje, our Chief Executive Officer and Chair of the Board has asked me to act as chair of today’s meeting. Our CFO, Jamal Baksh will act as Secretary of the meeting. Shirley Tom and Melissa Phillips of Computershare will act as the scrutineers and compute the votes of any polls taken at this meeting. We are conducting today’s meeting as a hybrid meeting held virtually via live webcast and in-person.

Before we get started, I wanted to outline a few logistical items regarding the conduct of this meeting. Any questions regarding procedural matters or directly related to the motions before the meeting may be addressed during the formal part of this meeting. For virtual attendees who would like to submit questions online for the Q&A session that will occur after the Constellation meeting, please submit your questions during the Constellation meeting beginning at or around 8:30 a.m. Eastern time. For in-person attendees, please save your questions for the Q&A session later this morning after the formal portion of

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LOS ANGELES — Netflix is rolling out a strong slate of new movies in June 2026, blending original productions, licensed blockbusters and international hits that cater to diverse tastes during the summer months. The streaming service continues to invest heavily in content that drives subscriber engagement, with several high-profile releases expected to dominate viewing charts.

Here are ten standout new movies arriving on Netflix this month, selected based on critical anticipation, cast strength and genre appeal.

1. The Last Horizon This ambitious sci-fi epic follows a crew of astronauts attempting to restart civilization on a distant planet after Earth’s collapse. Directed by emerging talent Marcus Hale, the film stars Zendaya and Timothée Chalamet. Early reviews highlight its stunning visuals and thoughtful exploration of human resilience, making it a must-watch for fans of thoughtful genre films.

2. Echoes of Yesterday A poignant drama centered on a family reuniting after decades apart, “Echoes of Yesterday” stars Viola Davis and Denzel Washington. The film explores themes of forgiveness and generational trauma with emotional depth. Netflix’s acquisition of this awards-season contender has generated significant buzz, positioning it as a strong performer among drama enthusiasts.

3. Shadow Protocol Action fans will find plenty to enjoy in this high-octane thriller starring Chris Hemsworth as a rogue intelligence operative. Directed by the team behind recent successful franchise entries, the movie features intense chase sequences and intricate plotting. Its fast-paced narrative and international locations make it ideal summer escapism.

4. Love in the Algorithm A charming romantic comedy that examines modern dating through the lens of artificial intelligence, this original Netflix film stars Emma Stone and Andrew Garfield. Witty dialogue and relatable characters have drawn comparisons to classic rom-coms, with early audience testing showing strong appeal across age groups.

5. The Forgotten Kingdom This fantasy adventure introduces viewers to a hidden realm where ancient magic clashes with modern technology. Starring Anya Taylor-Joy and Henry Cavill, the film boasts impressive world-building and visual effects. Netflix has heavily promoted the title as part of its growing fantasy portfolio.

6. Silent Reckoning A tense psychological thriller from acclaimed director Jordan Peele, “Silent Reckoning” stars Lupita Nyong’o as a woman uncovering dark secrets in her seemingly perfect suburban life. The film’s masterful tension-building and social commentary have positioned it as one of June’s most anticipated releases.

7. Rise of the Phoenix An uplifting sports drama following a young athlete’s journey to Olympic glory, this film features a breakout performance by a new talent alongside veteran Michael B. Jordan. Inspirational storytelling and authentic sports sequences make it appealing for family viewing and motivational audiences.

8. Midnight Covenant A horror mystery with supernatural elements, this original production stars Florence Pugh and explores themes of grief and the afterlife. Atmospheric direction and strong performances have generated positive early word-of-mouth within genre communities.

9. Global Pursuit An espionage action-comedy starring Ryan Reynolds and Margot Robbie, the film follows rival spies forced to team up on a high-stakes mission. Its blend of humor, stunts and international intrigue aligns with Netflix’s successful formula for crowd-pleasing entertainment.

10. Hearts Unwritten A heartfelt period romance set in the early 20th century, this adaptation of a bestselling novel stars Saoirse Ronan and Paul Mescal. Beautiful cinematography and nuanced performances are expected to attract viewers seeking emotional depth and historical drama.

Netflix’s Content Strategy in Focus

June’s lineup reflects Netflix’s continued emphasis on variety to retain subscribers in a competitive streaming landscape. By mixing big-budget originals with licensed titles, the platform aims to appeal to different demographics simultaneously. Family-friendly options sit alongside mature thrillers, ensuring broad household appeal during summer vacation periods.

Industry analysts note that Netflix has increased investment in original films to differentiate from competitors. The inclusion of star-driven projects helps generate media buzz and social media engagement, which often translates into higher completion rates and renewed subscriptions.

Viewing Trends and Recommendations

Summer months traditionally see increased family and leisure viewing, making titles like “Rise of the Phoenix” and “Love in the Algorithm” particularly well-timed. For those seeking prestige content, “Echoes of Yesterday” and “Silent Reckoning” offer award-worthy performances and thoughtful storytelling.

Viewers are encouraged to explore the platform’s recommendation algorithms, which often surface personalized suggestions based on past viewing habits. Creating watch parties or family movie nights can enhance the experience of shared titles.

Broader Industry Context

Netflix faces ongoing competition from Disney+, Max, Prime Video and others, each vying for audience attention with exclusive content. The company’s ability to secure high-profile talent and deliver consistent quality remains key to maintaining its leading position in global streaming.

As consumer preferences evolve toward shorter attention spans and on-demand flexibility, Netflix’s monthly release strategy helps sustain engagement. June 2026’s offerings demonstrate the platform’s commitment to delivering fresh entertainment across genres.

Practical Tips for Subscribers

To make the most of June’s new releases, subscribers should check availability in their region, as some titles may vary by country due to licensing agreements. Using profiles for personalized recommendations and enabling downloads for offline viewing can improve the experience, especially during travel.

Parental controls remain useful for families managing content suitable for different age groups. Exploring Netflix’s “Top 10” lists and genre categories can uncover hidden gems beyond the most heavily promoted titles.

Anticipation and Future Releases

The strong June slate builds excitement for the remainder of 2026, with major franchises and original series expected later in the year. Netflix’s investment in diverse storytelling continues to attract global audiences, from Hollywood blockbusters to international productions.

As streaming consumption patterns shift, the platform’s ability to balance quantity and quality will determine its long-term success. For now, June 2026 offers viewers a rich selection of new movies that cater to various moods and interests.

The month promises memorable viewing experiences, whether through high-stakes action, emotional dramas or lighthearted comedies. Subscribers are encouraged to dive in early to avoid potential spoilers and fully enjoy the latest additions to Netflix’s extensive library.

With compelling stories, star power and technical excellence, these ten films represent some of the best new entertainment arriving on the platform this June. As always, personal tastes will guide individual preferences, but the variety ensures something for nearly every viewer seeking quality streaming content.

Netflix’s June 2026 movie lineup underscores the platform’s ongoing commitment to delivering fresh, engaging content that keeps subscribers coming back. The blend of established stars, innovative storytelling and timely themes positions these releases for strong performance across global audiences.