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Bloomberg Quint
1w
278
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Bangladesh Ex-PM Sheikh Hasina Formally Indicted In Crimes Against Humanity Case
- Bangladesh's ex-PM Sheikh Hasina has been formally indicted in a crimes against humanity case by the country's International Crimes Tribunal.
- The case also involves former home minister Asaduzzaman Khan and former inspector general of police Abdullah Al Mamun for their roles in suppressing student-led protests last year.
- Abdullah Al Mamun has pleaded guilty and requested to become a state's witness, while Sheikh Hasina fled to India after her government was toppled.
- The trial will continue with Mamun detained in jail and the other two facing proceedings in absentia.
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HinduBusinessLine
1w
29
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State govts must provide adequate funds to Science & Tech Councils: NITI Report
- NITI Aayog report emphasizes that state governments should provide adequate financial resources to State Science & Technology Councils for effective functioning and to initiate new activities in S&T.
- The report suggests that each state allocate at least 0.5% of Gross State Domestic Product (GSDP) towards S&T and recommends restructuring and expanding the governing bodies of the councils for better policy decisions and strategic planning.
- It also advises the councils to establish linkages with industry bodies, PSUs, and other support agencies to attract financial resources. The councils play a crucial role in promoting university-industry interaction and various S&T activities.
- Some State S&T Councils face challenges like fragmented mandates, irregular funding, and limited autonomy. Despite constraints, they have contributed to areas like patent facilitation, remote sensing applications, science popularisation, and capacity-building programs.
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Bloomberg Quint
1w
17
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Traders Watch Indian Expiry Day For Fallout From Jane Street Ban
- Traders are closely monitoring India's derivatives market following a ban on Jane Street Group, focusing on volatility and options volume on expiration day.
- Investors are waiting to see the impact of the ban on market dynamics, especially on Thursdays when half of India's equity-derivatives expire, a key day for Jane Street's strategy.
- Analysts anticipate a 20% to 30% drop in options volume on weekly contracts as large trading firms may refrain from strategies similar to Jane Street's, following SEBI's crackdown.
- SEBI's increased scrutiny on derivatives trading comes after retail investors suffered significant losses in the market, with recent reports showing worsened losses despite decreased trading by speculative traders.
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HinduBusinessLine
1w
419
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LIC posts 14.6% growth in June individual premium income
- LIC recorded a 14.6% growth in individual premium income in June 2025, totaling ₹5,313 crore, compared to private sector companies which amassed ₹8,408 crore collectively.
- In terms of policy numbers, LIC issued a total of 12.49 lakh policies in June 2025, a decline from 14.65 lakh policies issued in the same period last year. The individual policies issued by LIC decreased to 12.48 lakh from 14.62 lakh, while group policies reduced to 1,290 from 2,827.
- LIC's group premium income saw a 7% decline to ₹22,087 crore in June 2025 compared to last year, whereas private sector companies experienced a 19% degrowth in group premium income, amounting to ₹5,315 crore.
- Overall, LIC's total premium income in June 2025 decreased by 3.43% to ₹27,395 crore, while private sector players reported a 2.45% decline with total premium income reaching ₹13,722 crore.
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HinduBusinessLine
1w
423
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Q-comm orders double to ₹64,000 cr in FY25, to touch ₹2 lakh cr by FY28: Report
- The gross order value (GOV) of Q-commerce industry in India is projected to reach ₹2 lakh crore by FY28, as per a report by Careedge Ratings.
- In FY25, platforms earned ₹10,500 crore in fees and are expected to grow to ₹34,500 crore by FY28 due to increased platform fees leading to higher revenue realization.
- Q-commerce players are focusing on profitability and operational efficiency by leveraging advertising, subscriptions, private labels, and tech-led inventory optimization.
- India's Q-commerce industry is witnessing rapid growth with only 1% of the country's grocery demand currently shifted to online platforms, fueled by rising disposable incomes and the expansion of dark stores.
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Baystreet
1w
299
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Why OPEC+ Is Pumping Fast and Playing Hardball
- OPEC+ surprised the oil market by increasing oil production for August by 548,000 bpd instead of the expected 411,000 bpd, citing a positive global economic outlook and low oil inventories.
- The decision reflects OPEC's shift from defending oil prices to regaining market share, potentially causing short-term revenue losses to stabilize prices and challenge U.S. shale growth.
- The accelerated unwinding of production cuts is influenced by a desire to maintain good relations with President Trump and to leverage strong summer demand before a potential glut in the future.
- Despite concerns of oversupply in the future, oil prices did not drop significantly post-decision, indicating temporary market stability and ongoing geopolitical factors at play.
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Bloomberg Quint
1w
1.5k
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TCS Q1 Attrition Rate Rises To 13.8% Even As Headcount Swells By 6,000 Employees
- TCS reported a rise in its Q1 attrition rate to 13.8% compared to the previous quarter.
- The company's total headcount in the June quarter increased by over 6,000 employees to reach 6,13,069.
- TCS emphasized its focus on talent development and highlighted that 114,000 employees now possess higher order AI skills.
- The attrition rate was disclosed in a regulatory filing to the stock exchanges on July 10, standing at 13.8% over the last twelve months.
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Bloomberg Quint
1w
609
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EMS Q1 Results Preview: Moderate Growth, But Margins To Expand Projects PL Capital
- EMS Q1 results are expected to show moderate growth with margin expansions for companies like Avalon, Cyient DLM, Kaynes, and Syrma.
- Margins are anticipated to improve by around 740/20/120/420 basis points year-over-year due to cost rationalization and contributions from high-margin sectors.
- PL Capital foresees an increase in the order book for electronic manufacturing services companies, driven by a strategic focus on higher margin sectors, leading to further margin expansion in upcoming quarters.
- The news article is not eligible for web story generation as it contains subscription requirements and may not provide complete information for a concise web story.
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Bloomberg Quint
1w
214
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Stock Market Highlights: Nifty, Sensex Close Lower As Bharti Airtel, HDFC Life Drag
- The Indian benchmark equity indices closed lower, with the NSE Nifty 50 ending 0.47% down at 25,355.25 and the BSE Sensex closing 0.41% lower at 83,190.28.
- Bharti Airtel Ltd. and HDFC Life Insurance Co. stocks dragged the market down, leading to a second consecutive session decline.
- Technical analysis suggests non-directional market activity with indecision between bulls and bears, awaiting a breakout on either side.
- Top gainers in the Nifty 50 included IndusInd Bank Ltd., Maruti Suzuki India Ltd., Tata Steel Ltd., while Bharti Airtel Ltd., HDFC Bank Ltd., Asian Paints Ltd. were among the biggest laggards.
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Bloomberg Quint
1w
423
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Amazon Launches 10-Minute Delivery In Delhi As Q-Commerce Race Heats Up
- Amazon has launched a 10-minute delivery service in Delhi to expand its quick commerce ambit and compete with other players in the market.
- The service, called Amazon Now, currently operates in select areas in Bengaluru and Delhi with plans for further expansion based on positive initial feedback.
- Amazon Now offers a curated selection of daily essentials delivered within minutes to meet immediate customer needs, maintaining Amazon's safety, quality, and reliability standards.
- This move marks Amazon's entry into the rapidly growing Q-commerce sector in urban India and Tier-2 cities, intensifying competition in this space.
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HinduBusinessLine
1w
321
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HCLTech bags 10-year digital transformation deal from Dunedin City Council
- HCLTech has secured a 10-year digital transformation deal with Dunedin City Council in New Zealand to modernize and manage its IT services.
- The partnership aims to enhance IT services related to cyber security, hybrid cloud, service management, IT asset management, and network services for improved support, scalability, and security.
- HCLTech plans to leverage automation and AI platforms to streamline operations, reduce downtime, and offer virtual support 24/7, benefiting both Council staff and residents with faster, more intuitive digital services.
- The deal aligns with the Council's five-year IT Strategy and signifies a step towards public sector innovation with a focus on delivering lasting value to the community.
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HinduBusinessLine
1w
1.2k
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Mahindra & Mahindra, Minda eye local magnet production, sources say
- China, the leading producer of rare earth magnets, enforced export restrictions in April, leading to a disruption in the global supply chain.
- Indian companies, including Mahindra & Mahindra and Uno Minda, are exploring local production of rare earth magnets due to the supply chain disruption and China's export restrictions.
- Mahindra expressed interest in investing in local magnet production and discussed potential partnerships or long-term contracts with suppliers during a meeting with the Ministry of Heavy Industries in June.
- While India has significant rare earth mineral reserves, the challenge lies in mining them efficiently, but efforts are underway to boost domestic production and explore partnerships for securing raw materials.
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Moneyweb
1w
304
Vedanta base metals CEO Chris Griffith quits amid debt, short-seller woes
- Chris Griffith, the CEO of Vedanta's base-metals business, has resigned amid debt and short-seller concerns.
- Griffith left the mining firm recently where he oversaw key assets like zinc mines in South Africa.
- Viceroy Research, a short seller, released a report shorting the debt held by Vedanta Resources.
- Vedanta dismissed the report as 'selective misinformation and baseless allegations' and remains focused on business growth.
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HinduBusinessLine
1w
270
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Third Wave Coffee targets profitability this fiscal with 40 per cent revenue surge
- Third Wave Coffee, a Bengaluru-based company, aims for profitability this year with a 40% revenue surge.
- The company, starting in a garage, focuses on fruit and milk bubble teas, aiming to cater to the preference of Gen-Z and millennials for fun, textual beverages.
- With 165 stores in 12 cities in India, Third Wave Coffee plans to expand domestically, opening 11 new stores recently and targeting 250 stores by FY26.
- The company adapts to consumer trends by offering healthier, lower-calorie options and plans to introduce zero-calorie beverages to meet changing preferences post-Covid-19.
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TechBullion
1w
313
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Venkata Ramana Reddy Bussu: Global Expert Driving Intelligent Enterprise Transformation Through SAP and Cloud Innovation
- Venkata Ramana Reddy Bussu drives enterprise transformation in SAP and cloud innovation.
- With over 18 years of experience, he leads in cloud migration, integrations, and real-time data.
- Bussu's expertise includes implementing RISE with SAP S/4HANA and upgrading enterprise systems.
- He has pioneered high-impact projects and served as a mentor and industry influencer.
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