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Bloomberg Quint
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Axis Bank Shares Gets Motilal Oswal's 'Neutral' Rating — Here's Why
- Motilal Oswal Financial Services reiterates a 'Neutral' rating on Axis Bank, setting a target price of Rs 1,300.
- Axis Bank aims for 3% higher growth than industry average on a CAGR basis over the next three years and targets through-cycle margins of 3.8%.
- In the past years, Axis Bank has tightened its provisioning policy and asset quality classification criteria.
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HinduBusinessLine
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338
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Anthem Biosciences IPO enters Day 2 with 75% subscription; IPO price band is ₹540-570
- Anthem Biosciences' IPO, entirely an offer-for-sale, is in its second day of trading with a 75% subscription rate at a price band of ₹540-570.
- The IPO has a 35% reservation for retail investors, 50% for QIBs, and 15% for HNIs, with bids received for 3.21 crore shares against an offer of 4.40 crore, making it oversubscribed by 0.73 times.
- Anthem Biosciences, an innovation-driven CRDMO with integrated drug discovery, development, and manufacturing operations, raised ₹1,016 crore from anchor investors prior to public subscription.
- The company's anchor book saw participation from various investors, including Abu Dhabi Investment Authority, Government Pension Fund Global, and HDFC MF, with 1.78 crore equity shares allocated at ₹570 per share.
- The eligibility of this news for web story generation is TRUE.
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Bloomberg Quint
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680
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HCLTech Q1 Results Review: Continues To Impress Despite Margin Hiccup, Says Motilal Oswal Maintaining 'Buy'
- HCLTech reported Q1 FY26 revenue of $3.5 billion, down 0.8% QoQ CC.
- Despite a margin hiccup, Motilal Oswal maintains a 'Buy' rating on HCLTech.
- For Q1 FY26, HCLTech's revenue grew 8.2% and PAT declined 10% YoY in INR terms.
- Motilal Oswal expects HCLTech's revenue/Ebit/PAT to grow by 9.4%/2.1%/5.3% YoY in Q2 FY26.
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Bloomberg Quint
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293
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Ventive Hospitality Rated New 'Buy' At JM Financial — What It Means For Investors
- JM Financial initiates 'buy' rating on Ventive Hospitality, valuing the company at a premium.
- Ventive Hospitality known for luxury assets with strong growth potential and focus on profitability.
- Forecasted strong revenue and Ebitda growth with robust free cash flows for expansion plans.
- Analysts optimistic with 'buy' ratings, expecting significant upside in stock performance.
- Ventive Hospitality well-positioned for growth amid industry tailwinds and strong financial profile.
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HinduBusinessLine
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887
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Watch out these 4 IT stocks in today’s action (July 15)
- Tata Technologies reported a 10% drop in net profit to ₹170 crore for the June quarter.
- Infosys McCamish Systems and the State of Vermont entered into a Stipulation and Consent Order due to alleged violations.
- Tech Mahindra is expected to post a sequential decline in revenue and net profit for the quarter ended June.
- Tech Mahindra will declare its Q1 results with analysts anticipating weakness in key segments.
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Bloomberg Quint
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183
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Gold, Silver Prices Dip After Trading Higher— Check Prices In Mumbai, Chennai, Other Cities
- Gold and silver prices dipped on Tuesday after trading higher on Monday with gold trading at Rs 98,170 per 10 gm compared to Rs 98,210 per 10 gm the previous day.
- In New Delhi, gold prices stood at Rs 97,820 per 10 gm, while in Mumbai it was Rs 97,990 per 10 gm.
- Silver prices also saw a slight dip, standing at Rs 113,080 per kg on Tuesday compared to Rs 113,270 per kg on Monday.
- Silver futures hit a fresh record high on Monday but saw a slight decline on Tuesday, reaching Rs 1,12,915 per kg.
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Bloomberg Quint
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202
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Petrol, Diesel Prices Flat On July 15 — Here's How Much You Pay For Fuel In Your City
- Petrol and diesel prices remained unchanged on July 15 across most Indian cities.
- In Delhi, petrol is priced at Rs 94.77 per litre, and diesel at Rs 87.67.
- Fuel prices in India have been stable since May 2022 due to reductions in fuel taxes by the central and state governments.
- Oil marketing companies in India review petrol and diesel prices daily, considering factors like global crude prices and exchange rates.
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HinduBusinessLine
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5 PSUs including GRSE, LIC, GAIL among dozen companies to hog limelight in today’s trade (July 15)
- Sun Pharmaceutical Industries has entered into a settlement and licence agreement with Incyte Corporation regarding Leqselvi, making the 8 mg tablets available for severe alopecia areata patients in the US.
- R Doraiswamy has been appointed as the CEO & MD of Life Insurance Corporation of India for three years or until he turns 62, following a government notification.
- Vibhor Steel Tubes inaugurated a new plant in Odisha with a capacity of 1.56 lakh tonnes per annum, enabling production of specialized steel products to meet Eastern India's market demand.
- Tata Group initiated construction of a GBP 1.25 billion green steel project in the UK to reduce carbon emissions by 90%, shifting to the low-emission electric arc furnace process.
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Bloomberg Quint
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72
Breaking News Live: Elon Musk's Tesla To Launch First India Showroom In Mumbai Today
- Elon Musk's Tesla is set to launch its first showroom in Mumbai's BKC today, marking a significant step in its entry into the Indian market.
- The showroom is a 4,000-square-foot space located in Mumbai's financial district.
- Tesla's Model Y rear-wheel drive SUV is the first car to be launched by the company in India.
- Deliveries are expected to start from late August, and customers will be able to configure and order Tesla EVs starting next week.
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Moneyweb
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Tshwane metro and municipal manager guilty of contempt of court, fined R500 000
- City of Tshwane, municipal manager found guilty of contempt of court.
- Manager fined R500,000 suspended for 31 days due to property transfer failure.
- Case involves 18-year delay in approving transfer to Pretoria Educational Centre.
- City ordered to pay costs and comply within 15 days to avoid fine.
- Compliance with court orders crucial for societal rule of law, stressed the judge.
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Moneyweb
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Ithuba challenges lottery licence award
- Ithuba Lottery challenges licence awarded to Sizekhaya Holdings by Minister Parks Tau.
- Allegations include lack of compliance with bid requirements and possible political connections.
- Legal battles ensue as postponed decision and financial abilities of Sizekhaya are questioned.
- Ithuba Lottery seeks court action to review the award and ensure fair process.
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Moneyweb
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Why SA has 32.9% unemployment and Zimbabwe 8%
- Capitec CEO suggests SA true unemployment rate around 10% considering informal sector.
- Stats SA refutes claim, states already measure informal sector but seeks better data.
- Brazil and India also measure informally, affecting their low reported unemployment rates.
- ILO working on global informal sector measurement standard for more accurate comparisons.
- Stats SA implementing new informal employment definition for improved data on sector.
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Bloomberg Quint
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175
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World’s Top Cable Maker Sees US Copper Tariff As Opportunity
- Italy’s Prysmian SpA, the world’s biggest maker of copper cable, sees President Trump’s 50% copper tariff as an opportunity to bolster the American supply chain and pass on costs to customers.
- The higher-than-expected copper tariff announced by Trump has caused chaos in metals markets, with global traders sending record volumes of the metal to the US ahead of the tariff's implementation on Aug. 1.
- Prysmian benefits from tariffs due to sourcing a larger part of its copper domestically and being vertically integrated, potentially reinforcing the leadership of local players in the industry.
- While some stakeholders believe domestic production increase will take years, incumbent producers stand to benefit from a premium on US-made metal, although consumers may bear the increase in prices.
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Moneyweb
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Digital payments in Africa: Can regulation keep up with the rapid innovation?
- Africa's financial landscape undergoes transformation with mobile money and fintech innovation leading the change.
- Regulatory frameworks are crucial to balance innovation, consumer protection, and financial system integrity.
- Challenges like regulatory fragmentation and cybersecurity call for coordinated efforts and regional collaboration.
- Africa's digital payments shift signifies a significant economic transformation, driven by mobile money and fintech.
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Moneyweb
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Shrinking JSE means growing problems for your investments
- As companies on the JSE decrease, concentration grows for local investors, posing risks.
- Top companies account for a significant portion of JSE market capitalization, impacting asset managers.
- Liquidity issues make it challenging for managers to trade quickly and adjust positions.
- High concentration leads to single-stock risk, affecting active managers' ability to outperform.
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