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Bloomberg Quint
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Gensol Engineering Share Price Locked In Lower Circuit For Second Consecutive Day; Stock Hit Fresh Record Lows
- Gensol Engineering's share price fell by 5% for the second consecutive day after being barred by SEBI for alleged fund diversion and record falsification.
- The company's promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, have been prohibited from holding any key managerial positions within the company.
- Gensol Engineering's Independent Director, Arun Menon, has tendered his resignation, and the company's announced stock split has been halted by SEBI.
- The decline in share price and regulatory actions have impacted investor sentiment.
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Bloomberg Quint
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Wipro Q4 Review — Weak Results; Tariff Disruption To Delay Recovery Further; Dolat Capital Cuts Target Price
- Wipro's Q4 results have been weak with a decline in revenue.
- Dolat Capital cuts the target price and maintains 'Reduce' rating for Wipro.
- Q1 FY26 guidance suggests another year of muted growth for Wipro.
- The growth outlook remains hazy for Wipro despite eased valuations.
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Medium
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I Tried Earning Just $1 Online
- The author reflects on the experience of earning their first dollar online and how it changed their perspective on work and self-belief.
- Many people aspire to achieve big goals like passive income and brand partnerships, but it's important to remember that everyone starts with a humble first sale.
- The author shares their personal challenge of earning $1 online in 48 hours to prove that someone would pay for what they created.
- By offering to write a 300-word product description for $1, the author learned the value of taking action and getting started.
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Bloomberg Quint
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Waaree Renewable Technologies Share Price Rallies After Q4 Profit Jumps 83%
- Waaree Renewable Technologies reported an 83% jump in net profit and a 74% increase in revenue from operations in Q4 FY26.
- The company's EPC sales increased by 76% on an annual basis, and the order book grew by 38% to over 3.2 GW.
- Waaree Renewable Technologies appointed Manmohan Sharma as the chief financial officer and Sudhir Arya as an additional director.
- The share price of Waaree Renewable Technologies opened high at Rs 1,110.35 apiece and has fallen 19.75% on a year-to-date basis.
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Bloomberg Quint
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Wipro Share Price Declines As Lower Q1 Q1FY26 Guidance Triggers Target Price Cuts
- Wipro's outlook for the June quarter remains muted with a degrowth of -3.5% to -1.5%.
- Wipro's share price declined over 6% after lowering revenue guidance.
- Brokerages have cut target price on Wipro stock due to bearish outlook.
- Wipro's American Depositary Receipts closed 3.20% lower in New York.
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Bloomberg Quint
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Rupee Opens Stronger For Fourth Session Backed By FPI Inflows, US-Japan Trade Talks
- The Indian Rupee opened 21 paise higher at 85.48 to the dollar.
- Foreign investors stayed buyers for a second consecutive session, aiding the currency.
- Tokyo and Washington are underway with trade negotiations, while Beijing has also expressed interest in pursuing talks, given certain conditions are met, boosting risk appetite.
- Oil prices advanced for a second consecutive session after the US declared to reduce Iran's energy exports to zero.
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Bloomberg Quint
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Q4 Results Today: Infosys, Tata Elxsi, Jio Financial, HDFC Life Among 12 Companies To Declare Earnings
- As many as 12 companies are slated to announce their Q4 and FY25 results, including Infosys, Tata Elxsi, Jio Financial, HDFC Life, and others.
- Some notable companies on the list include Advik Capital, Devinsu Trading, Indosolar, and National Standard.
- In the previous quarter, Infosys reported an 11.4% YoY rise in net profit, while Jio Financial Services' net profit remained nearly flat.
- Tata Elxsi's net profit declined by 3.6% in the last quarter, but the company saw an increase in revenue from operations.
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Bworldonline
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DepEd partners with gov’t agencies to fight ‘alarming rise’ in bullying
- The Department of Education (DepEd) is partnering with other government agencies to address the alarming rise in bullying incidents.
- DepEd aims to combat bullying by working not only within schools but also in households and communities.
- Bullying cases in the National Capital Region (NCR) have increased from 2,268 in the previous school year to 2,500 in the current school year.
- Government agencies are implementing measures such as increased police visibility, activating intervention programs, and enhancing values education curriculum to address bullying.
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HinduBusinessLine
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US Tariffs are stoking job fears in China, Morgan Stanley says
- 44% of Chinese consumers fear job loss due to US tariffs, a survey by Morgan Stanley reveals.
- 39% of respondents express increased concerns about unemployment compared to a year ago.
- Morgan Stanley survey shows low consumer confidence in China's economy, worsened by strict Covid policies.
- Outlook for spending weakens and salary cuts are a concern among Chinese consumers.
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Bloomberg Quint
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Avalon Tech — Tariff Tailwinds, Growing Client Base Boost Growth Outlook: Motilal Oswal, Maintains 'Buy'
- Avalon Tech, an electronics manufacturing services company, is expected to see improved revenue and profitability as its US operations witness a healthy recovery and the Indian business experiences growth, according to Motilal Oswal.
- Avalon has a favorable tariff environment for India, an increase in domestic demand, stable/improving demand from the US, a healthy client mix, and a favorable manufacturing presence compared to its peers.
- With its well-established manufacturing presence in the US, Avalon is uniquely placed in the Indian electronics manufacturing services sector.
- To continue reading this story, users can subscribe to unlock and enjoy subscriber-only benefits.
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Bworldonline
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National Artist for Film Nora Aunor, 71
- Legendary Filipina actress Nora Aunor, known as the superstar of Philippine cinema, passed away at the age of 71.
- Her son, Kristoffer Ian De Leon, confirmed her death through a heartfelt Facebook post, expressing love and gratitude.
- Nora Aunor was a multi-talented artist, excelling in singing, dancing, and acting, and was praised for breaking barriers as a morena superstar in a mestiza-dominated industry.
- Initially discovered singing at a train station, she rose to fame in 1967 after winning a singing contest and hosting a musical variety show, followed by a successful film debut.
- Throughout her illustrious career, Aunor starred in numerous acclaimed films, earning her a place among the Filipino Academy of Movie Arts and Sciences Awards Hall of Fame.
- Recognized for her exceptional contributions to film and broadcast arts, she was honored as a National Artist in 2022.
- Aside from her acting prowess, Aunor ventured into politics but later withdrew due to health issues.
- Married to actor Christopher De Leon, she leaves behind a legacy of unmatched talent, grace, and passion for her craft, touching the hearts of many.
- Ms. Aunor's passing drew condolences and tributes from peers, fans, and industry organizations, highlighting her enduring impact on Philippine cinema.
- Her iconic presence and artistry have left an indelible mark, ensuring that her star will continue to shine brightly in the hearts of people.
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HinduBusinessLine
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Tea, coffee, tobacco, spices register 16% export growth in FY25
- Tea shipments in FY25 increased by 10.8% to $0.92 billion from $0.83 billion in the previous year.
- Tobacco exports showed an impressive growth of 36.6% to $1.98 billion from $1.45 billion.
- Spices exports witnessed a moderate growth of 4.7% to $4.45 billion in FY25 from $4.25 billion in the previous year.
- Coffee exports surged by 40.3% to $1.81 billion from $1.29 billion in the previous year.
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Guardian
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Temu and Shein drop US ad spending as they face tariffs on even small sales
- Temu and Shein, two online e-tailers, are reducing their spending on US social media advertising due to the loss of tariff exemptions on their shipments from China and Hong Kong.
- As of May 2, sales valued at under $800 will no longer be exempt from US tariffs.
- Both companies plan to increase product prices next week to compensate for the increased costs.
- Temu's ad spending on Facebook, Instagram, TikTok, Snap, X, and YouTube has declined by an average of 31% in the two weeks from March 31 to April 13.
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HinduBusinessLine
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Image Credit: HinduBusinessLine
Rupee faces more headwinds from outlook for weaker yuan
- The rupee is facing more headwinds from the outlook for a weaker yuan.
- The relationship between the yuan and the rupee has climbed to the highest level since May 2023.
- The rupee has fallen about 0.3% this month, while the yuan has declined about 0.7%, adding to the competitive pressure on the rupee.
- The Reserve Bank of India may be comfortable with some amount of rupee depreciation to maintain competitiveness if other Asian currencies are also depreciating.
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Bloomberg Quint
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Image Credit: Bloomberg Quint
Stocks To Buy: Polycab India, Eicher Motors, Trent, Bharat Dynamics And Patanjali
- Stocks To Buy: Polycab India, Eicher Motors, Trent, Bharat Dynamics And Patanjali
- Polycab India, Eicher Motors, Trent, Bharat Dynamics, and Patanjali Foods are among the stocks with 'buy' calls from analysts on Thursday.
- Among the mentioned stocks, Polycab India is recommended to be bought above Rs 5,300 while Eicher Motors is suggested to be bought at the target price of Rs 5,870.
- Analysts' consensus target prices for Polycab India and Eicher Motors imply potential upsides of 29.1% and 2.3% respectively.
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