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Bloomberg Quint
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Asian Paints Shares Trade Lower Post Akzo Nobel-JSW Paints Deal
- Shares of Asian Paints fell by 0.38% to Rs 2,489.40 apiece after offloading stake in Akzo Nobel.
- Asian Paints traded lower following the transaction which constituted 4.42% of the company's equity.
- The offloaded stake in Akzo Nobel was valued at Rs 734 crore as part of the JSW Paints deal.
- The stock has fallen 16.80% in the last 12 months and has mixed analyst recommendations, with an average consensus price target indicating a downside of 6.1%.
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HinduBusinessLine
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Amazon considers another multibillion-dollar investment in Anthropic, FT reports
- Amazon is considering further investing in Anthropic beyond the $8 billion committed last year.
- The investment will help Amazon remain one of Anthropic's largest shareholders, ahead of Google's $3 billion investment.
- This move follows a $4 billion investment Amazon made in Anthropic in November last year to leverage generative artificial intelligence technology.
- With a focus on bolstering its position in AI development, Amazon is looking to compete with firms like OpenAI and Google which have already made strides in the field.
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HinduBusinessLine
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116
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Nifty Bank prediction today – July 10, 2025: Stuck in a narrow range.
- Nifty Bank index is currently supported in the 57,100-57,000 range, with a potential rise to 57,400-57,450 if it remains above this zone.
- A break above 57,450 could further propel the index to 57,600-57,700 in upcoming sessions.
- Conversely, a drop below 57,000 may bring pressure, leading to a downside target of 56,900-56,800.
- Traders are advised to watch for a breakout from the 57,250-57,500 range before making trading decisions with supports at 57,250 and 57,100, and resistances at 57,500 and 57,650.
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Bloomberg Quint
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418
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Latest Leaks Indicate Samsung Galaxy S26 Ultra Will Be Slimmer Than iPhone 17 Pro Max
- Latest leaks suggest that the upcoming Samsung Galaxy S26 Ultra could have a slimmer body than the iPhone 17 Pro Max, with a rumored thickness of under 8mm.
- The tipster @UniverseIce highlighted that the Galaxy S26 Ultra may be thinner than the iPhone 17 Pro Max, marking the start of different design paths for the two companies.
- Speculations indicate the Samsung Galaxy S26 Ultra will feature 16GB of RAM, Snapdragon 8 Elite Gen 2 chipset, potential removal of the camera ring design, and a camera setup including a 200MP main sensor.
- On the other hand, the iPhone 17 Pro Max is expected to have design upgrades like a new aluminum frame, redesigned camera module, and a 24MP front lens for the selfie camera.
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Bloomberg Quint
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310
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Ashok Leyland Shares Rise For Third Day; Bonus Share Allotment In Focus
- Ashok Leyland's share price rose for the third consecutive day as market participants anticipated the bonus share issuance scheduled for July 17 in a 1:1 ratio.
- The allotment committee of Ashok Leyland will assess shareholder eligibility on July 16, with bonus shares becoming tradable from July 18 based on an exchange filing.
- In June, Ashok Leyland reported a 3% year-on-year increase in auto sales, with domestic sales slightly declining by 1% to 14,184 units.
- The stock price of Ashok Leyland increased by 1.24% to Rs 254 per share, with a 52-week high of Rs 264.65 and a low of Rs 191.86. Analysts maintain a 'buy' rating with a consensus price target reflecting a 6.1% upside.
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Bloomberg Quint
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Belrise Industries Share Price Falls Snapping Two-Day Rally
- Belrise Industries share price fell nearly 2% on Thursday, ending a two-day rally triggered by a 'buy' rating by Jefferies.
- The stock surged 13% over the last two trading sessions driven by strong growth prospects and attractive valuations highlighted by the brokerage.
- Belrise Industries, a key player in the two-wheeler metal component market in India, aims to replicate its success in the four-wheeler segment according to Promoter Sumedh Badve.
- With the stock price falling 1.71% to Rs 114.50 apiece, the one analyst tracking the company maintains a 'buy' rating with a 12-month consensus price target suggesting a 15.9% upside.
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HinduBusinessLine
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433
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xAI's Head of Infrastructure Engineering resigns, joins OpenAI
- Ruddarraju, the Head of Infrastructure Engineering at xAI, resigned and reflected on his achievements, including his role in developing the Colossus supercomputer and training Grok 3.
- He expressed gratitude to Elon Musk and the xAI team, highlighting the experience of working on bold missions and learning from Musk directly.
- Following his resignation, Ruddarraju joined OpenAI, as announced by OpenAI's President and Co-Founder, Greg Brockman.
- Elon Musk-owned social media platform X's CEO, Linda Yaccarino, also announced her resignation, amidst Musk's plan to combine X with xAI.
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Livebitcoinnews
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366
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CoinEx Expands USDC Utility with Powerful New Loan Features
- CoinEx has enhanced the utility of USDC on its platform, offering new loan features for users.
- Users can now borrow USDC directly or use USDC as collateral to access other cryptocurrencies without selling their stable assets.
- CoinEx Loans allow for borrowing against assets without selling them, offering flexibility in repayment and instant approval.
- The upgrade aims to provide stable borrowing power, low-risk collateralization, and increased capital efficiency for users utilizing USDC on CoinEx.
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Bloomberg Quint
2w
573
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Vedanta Shares Flat Ahead Of Anil Agarwal's AGM Speech Amid Viceroy Controversy
- Vedanta Group is facing controversy following a report by Viceroy Research alleging financial unsustainability and risk to creditors.
- The group dismissed the report as misinformation and baseless allegations aimed at discrediting them.
- Vedanta shares remained flat ahead of Anil Agarwal's AGM speech, with the company claiming the report was meant to create false market sentiment.
- Analysts have a mixed outlook on Vedanta shares, with most recommending a buy and an average price target implying a 17% upside potential.
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Bloomberg Quint
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220
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Indian IPOs Set To Raise Up To $18 Billion In Second-Half Surge
- India's primary market is expected to raise up to $18 billion through IPOs in the second half of 2025, with companies like Tata Capital Ltd., ICICI Prudential Asset Management Co., and others planning to go public.
- The surge in IPO offerings follows a slow start in the first half of the year, with $5.3 billion raised from IPOs. The rebound is attributed to a buoyant stock market and strong performances of companies like HDB Financial Services Ltd.
- Investor confidence is on the rise due to foreign inflows and aggressive monetary easing by the central bank, despite initial market volatility. More than 50 IPOs are expected to tap the market by year-end.
- Among the notable IPOs anticipated in the second half are e-commerce company Meesho Ltd., stock broking firm Groww Invest Tech Pvt., and eyewear-maker Lenskart Solutions Ltd.
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Bloomberg Quint
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504
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Bharat Dynamics Bags 'Neutral' Rating As Motilal Oswal Initiates Coverage — Here's Why
- Motilal Oswal has given Bharat Dynamics a 'Neutral' rating as they initiate coverage.
- Bharat Dynamics is focusing on scaling up its revenues and order book, but with fair valuations, Motilal Oswal suggests looking for lower price points to enter the stock.
- Bharat Dynamics' stock is currently trading at 70x/52x/38x P/E on FY26/27/FY28 estimates.
- The company specializes in developing advanced guided missiles, underwater weapons, and airborne products. They hold an order book of ~Rs 227 billion and have a prospect pipeline of Rs 500 billion.
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Bloomberg Quint
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422
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India Urges Fast-Tracked Review Of ASEAN FTA Amid Termination Buzz
- India is urging a fast-tracked review of the ASEAN Free Trade Agreement (FTA) amid concerns of termination due to lack of progress.
- Commerce and Industry Minister Piyush Goyal held discussions with his Malaysian counterpart to facilitate the ongoing review.
- The FTA, criticized in India for imbalanced trade benefits, has been under review since 2019 and may face termination if core concerns remain unaddressed.
- India has expressed dissatisfaction with the agreement, highlighting that benefits lean towards ASEAN nations, and has opened a significantly higher percentage of tariff lines compared to some ASEAN member countries.
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HinduBusinessLine
2w
17
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Nifty prediction today – July 10, 2025: Support to decide the next move. Stay away.
- Nifty 50 can test 25,370 initially if it breaks below 25,400, with further support at 25,300.
- Sustaining above 25,400 may lead to a bounce back to 25,450 or even 25,520-25,550.
- Nifty 50 July futures are currently down 0.31%, with immediate support at 25,445 and a potential rise back to 25,500.
- Traders are advised to stay out of the market due to the uncertainty surrounding the immediate support level.
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Moneyweb
2w
107
Tween retailer Claire’s considers bankruptcy for US operations
- Tween retailer Claire’s Stores is contemplating bankruptcy for its US operations due to weak demand, high import costs, and heavy debt.
- Houlihan Lokey is assisting Claire's in stabilizing its finances and considering a potential sale of its operations in North America and Europe.
- Claire’s faced challenges post its 2018 bankruptcy, with increased import costs and decreasing consumer spending affecting its business.
- The company is working with Alvarez & Marsal for operational support and has deferred interest payments on its $477 million term loan due in December 2026.
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HinduBusinessLine
2w
90
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Rupee rises 17 paise to 85.56 against US dollar in early trade
- Rupee opened at 85.62 against the dollar, touched an early high of 85.56, rising 17 paise from its previous close.
- US-India trade talks showed modest progress with tariff deadline extensions, supporting the rupee.
- US excluded India from countries issued tariff letters, with imposed tariff deferred to August 1.
- Dollar index fell, Brent crude price at $70.17 per barrel, affecting India's trade balance and putting pressure on the rupee.
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