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Bloomberg Quint
5d
193
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Tejas Networks Q1 Results: Company Swings To Net Loss, Revenue Slumps 87%
- Tejas Networks reported a net loss of Rs 193.87 crore in the first quarter of fiscal 2026, as compared to a profit of Rs 77.48 crore in the year-ago period.
- The company's revenue dropped by 87.1% to Rs 201.98 crore from Rs 1,562.77 crore year-over-year.
- Tejas Networks' Ebitda loss was Rs 135.67 crore in Q1FY26, down from Rs 230.03 crore in the previous year.
- Shares of Tejas Networks closed 0.68% higher on the NSE, while the stock has fallen significantly over the last year.
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Baystreet
5d
249
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Futures Fall as Tariff Threats Weigh on Sentiment
- Futures linked to Canada's main stock index fell on Monday due to the latest threat of U.S. tariffs, impacting investor risk appetite.
- U.S. President Trump announced tariff threats on imports from the EU, Mexico, and Canada, affecting market sentiment.
- Statistics Canada reported a slight increase in wholesale trade, while markets are optimistic about second-quarter earnings season starting this week.
- Futures for major U.S. indices dropped initially on tariff fears but recovered slightly; Investors are closely monitoring tariff developments, inflation readings, and upcoming earnings reports.
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Baystreet
5d
368
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Stocks Slide on Tariff Threats
- U.S. equity futures fell after President Trump threatened high tariffs on more countries over the weekend.
- Investors bet that the tariffs will be negotiated down and were optimistic about the upcoming second-quarter earnings season.
- Major stock indexes like Dow Jones Industrials, S&P 500, and NASDAQ all showed declines in futures trading.
- Investors are keeping an eye on tariff developments and upcoming earnings reports, with oil prices rising and gold prices falling.
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Bloomberg Quint
5d
167
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Jane Street Fiasco: SEBI Chief Calls For Speedy Probe, Tighter Vigilance Of Market Manipulation
- SEBI Chairman Tuhin Kanta Pandey conducted a high-level review meeting post the Jane Street fiasco, urging departments to enhance monitoring and speed up investigations.
- SEBI has tightened surveillance on specific market segments showing irregular trading activities, focusing on coordinated manipulation indicators like unusual volume spikes and price distortions.
- The Jane Street case raised concerns about exploiting systemic loopholes for unfair gains; the firm has deposited Rs 4,843.5 crore to comply with SEBI's directions, allowing them to resume trading.
- The meeting stressed the need for inter-departmental collaboration and real-time monitoring to swiftly identify and respond to suspicious market activities.
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Guardian
5d
299
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Pound drops after Bank of England says it could cut interest rates more if jobs market slows
- The pound dropped to a three-week low following comments made by the governor of the Bank of England suggesting more interest rate cuts if the job market slows.
- Andrew Bailey expressed concerns about a potential economic slack due to higher taxes squeezing employers, leading to a downward path for interest rates.
- Investor expectations of an August rate cut increased to 85% after Bailey's remarks, with the pound slipping to $1.3467 - its lowest level since 23 June.
- The UK economy faces challenges as inflation remains above target, the government imposes tax increases on employers, and hiring by UK businesses declines.
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17 Likes
TheNewsCrypto
5d
73
Ripple (XRP) Price Prediction: Can XRP Reach $4 in July, or Will Bears Drag It Below $1.50? Trader Suggests Buying This Crypto Instead
- XRP faces uncertainty amid SEC lawsuit, may reach $4 or drop below $1.50.
- Trader suggests Little Pepe (LILPEPE) as alternative with explosive growth potential.
- LILPEPE, priced at $0.0014, offers real utility and significant upside over XRP.
- LILPEPE's Layer-2 blockchain tech provides faster transactions and strong community support.
- Investors can consider LILPEPE as a top meme coin investment for 2025.
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4 Likes
Bloomberg Quint
5d
1.3k
Image Credit: Bloomberg Quint
HCLTech Q1 Attrition Flat At 12.8%, Employee Headcount At 2.23 Lakh
- HCL Technologies Ltd. reported an attrition rate of 12.8% for the April-June quarter, the same as the previous year.
- HCLTech added 1,984 freshers during the quarter, increasing the total headcount to 2.23 lakh.
- The company's profit for the April-June period declined 11% sequentially, missing analysts' estimates.
- Employee expenses increased by 2%, impacting the operating margin due to lower utilisation and investments in AI.
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3 Likes
Bloomberg Quint
5d
286
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India To Gain Against China, Vietnam Due To High Tariff Differential: NITI Aayog
- India is set to gain against China, Vietnam, and other manufacturing economies due to higher tariffs imposed on competitors, as per NITI Aayog.
- The tariff differential, calculated as competitors' tariff minus India's tariff, is expected to benefit India in various product categories like electrical machinery, pharmaceuticals, and organic chemicals.
- NITI Aayog's Trade Watch report for Q3 of FY25 indicates potential gains for India in exports to the US, calling for diversification of trade partners and faster free trade agreements.
- The report also emphasizes reducing non-tariff barriers, fostering trade in services, and enhancing trade engagement with countries like Australia, Japan, South Korea, and ASEAN nations.
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17 Likes
Bworldonline
5d
36
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Marcos dares Caticlan contractors to complete terminal in 18 months
- President Ferdinand R. Marcos, Jr., proposes an 18-month accelerated timeline for completing the new passenger terminal at Caticlan airport in Aklan province.
- The new terminal, valued at P2.5 billion, is a partnership between San Miguel Corp. and Megawide Construction Corp. Mr. Marcos lauds Megawide's commitment to the project.
- Improvements are planned for airports like Iloilo, Bohol, and Siargao to enable direct international flights, reducing the need to pass through Manila's congested airport.
- The new terminal at Caticlan Airport is designed to accommodate up to seven million passengers annually, enhancing the travel experience for visitors to Boracay and the Western Visayas.
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Bworldonline
5d
209
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Real estate prospects clouded by new US tax on remittances
- The US decision to impose a 1% remittance tax is expected to impact property investing activity by overseas Filipino workers (OFWs).
- The tax could lead to a decrease in remittances allocated for real estate investments, affecting the property market, particularly in the luxury segment.
- Analysts estimate a potential dip in remittances between $19.1 million and $148.4 million as a result of the tax, impacting the economy minimally.
- The decline in money sent home by OFWs could reduce demand for residential and retail offerings in the industry, potentially leading to canceled purchases and impacting retail demand.
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12 Likes
Bworldonline
5d
192
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Palay average farmgate price falls 31.8% in June
- The average farmgate price of palay (unmilled rice) dropped by 31.8% year on year in June to P16.99 per kilo, according to the Philippine Statistics Authority.
- Month on month, the average palay farmgate price decreased by 4.3% compared to May.
- No rice-producing region in the Philippines saw a year-on-year increase in average farmgate prices in June.
- The Department of Agriculture is contemplating establishing a floor price for palay after noting traders purchasing palay at low prices in certain areas.
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Bworldonline
5d
315
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Sustained current account deficit expected to put pressure on peso
- Deutsche Bank Research predicts pressure on the peso due to the Philippines' sustained current account deficit caused by increasing infrastructure investments and higher capital good imports.
- The current account deficit reached $4.25 billion in the first quarter, equivalent to 3.7% of the GDP, up from the previous year's 1.9%.
- Large-scale infrastructure projects like the Metro Manila Subway, North-South Commuter Railway, and New Manila Airport contribute to the deficit, with the government targeting 5-6% of GDP for annual infrastructure spending.
- Despite the positive impact on long-term prospects, the near-term FX pressure is expected to increase, with the BSP planning two rate cuts, leading to a recent decline in the peso's value.
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18 Likes
HinduBusinessLine
5d
227
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Tata Technologies reports mixed Q1 results as revenue dips 3.2% QoQ
- Tata Technologies reported a 3.2% QoQ dip in revenue but saw a 5.1% increase in net income to ₹170.3 crore.
- Operating EBITDA reached ₹200.1 crore, maintaining a margin of 16.1%.
- The company's workforce stood at 12,407 employees with an attrition rate of 13.8%.
- Tata Technologies secured partnerships with major clients, including Volvo Cars, and announced collaborations for next-generation mobility solutions.
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Bworldonline
5d
24
Image Credit: Bworldonline
NGCP still studying ERC rate reset decision
- NGCP is studying the ERC decision on its fourth regulatory period rate reset from 2016 to 2022.
- ERC approved a maximum allowable revenue of P335.78 billion for NGCP.
- NGCP is entitled to recover an additional P28.29 billion in under-recoveries, resulting in an additional charge per kilowatt-hour for consumers.
- Transmission charges for the June period increased month on month, mainly due to higher ancillary service charges.
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1 Like
Coinjournal
5d
397
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AAVE gains strength as Aave dominates DeFi lending with over $50B net deposits
- Aave has become the first DeFi protocol to surpass $50 billion in net deposits, indicating increasing confidence in decentralized finance.
- Innovative features like collateral swapping and institutional interest have fueled Aave's rapid growth and ecosystem integrations.
- The $50 billion milestone signifies a shift towards blockchain-based financial options and underscores Aave's role in democratizing DeFi lending and borrowing.
- AAVE's price has surged over 8% in the past 24 hours, with technical indicators supporting a positive trajectory, indicating potential growth opportunities for the native token.
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