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Bloomberg Quint
6h
311
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NDTV Profit Pulse On July 14: Top 8 Stories At 8 PM Under 8 Minutes
- SEBI's ban on Jane Street, DGCA's order for Boeing aircraft operators, and India-US trade negotiations are among the top news today.
- HCL Technologies reported 12.8% attrition rate for the April-June quarter, with a net addition of 269 employees.
- SEBI is investigating index options trades focusing on 'at the money' strikes on expiry day for volatility.
- Retail inflation in India dropped to 2.1% in June, the lowest since January 2019, primarily due to lower food prices.
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HinduBusinessLine
6h
169
Image Credit: HinduBusinessLine
Having navigated HDFC merger, HDFC Bank now focused on faster growth: CEO
- HDFC Bank had to limit loan growth in the past fiscal due to absorbing loan assets of HDFC, resulting in a sharp rise in credit-deposit (CD) ratio.
- The bank's CEO, Jagdishan, believes they have successfully navigated the merger and are now focused on faster growth by capitalizing on opportunities like technology, customer-centricity, and their workforce.
- HDFC Bank plans to grow advances in line with or higher than the system in FY26 and FY27, with over 700 new branches added in the previous fiscal, totaling 9,455 branches by March 31, 2025.
- The bank's mortgage business, post-merger, has become the largest in the country, driving cross-selling opportunities and attracting new customers who opt for additional products, showing positive growth prospects for the bank.
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HinduBusinessLine
6h
315
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CCI sells over 67 lakh bales of cotton till July 11
- Demand for cotton has increased from mills and traders, with CCI being the main stockholder witnessing rising demand.
- CCI initially reduced cotton sale prices to boost demand but has since increased prices over the past weeks.
- The Indian cotton market has shifted from bearish to bullish due to aggressive buying, leading to improved yarn prices.
- Season-end stocks for the current marketing year are estimated to be significantly higher than the previous season, attributed to revised crop figures.
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HinduBusinessLine
6h
90
Image Credit: HinduBusinessLine
SEBI may lift ban on Jane Street this week after escrow deposit
- SEBI may lift the ban on Jane Street this week after an escrow deposit related to alleged unlawful gains from expiry-day index manipulation.
- SEBI is examining a request from Jane Street to lift the interim trading restrictions, possibly allowing the firm to resume trading under close monitoring for any suspicious patterns.
- While the ban lift is probable, Jane Street is not likely to immediately resume trading and will wait for full resolution of the matter. The firm reserves the right to challenge the allegations.
- SEBI had accused Jane Street of manipulating index levels on expiry days through large trades, potentially misleading smaller traders for favorable options prices.
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HinduBusinessLine
6h
334
Image Credit: HinduBusinessLine
R Doraiswamy takes charge as CEO & MD of LIC
- R Doraiswamy has taken charge as the CEO and MD of LIC with an appointment duration of three years or until he turns 62 on August 28, 2028, as per a government notification.
- Before this role, he served as the Managing Director of the Corporation and has educational qualifications including a Mathematics degree and memberships in insurance and actuarial institutes.
- After his appointment, Sat Pal Bhanoo, the previous Managing Director of LIC, has relinquished financial and administrative powers related to the CEO & MD role.
- The change in leadership was made effective from July 14, 2025, as announced by LIC through an exchange filing.
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HinduBusinessLine
6h
128
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DGCA orders fuel switch lock checks on Boeing jets after AI171 crash probe
- DGCA has ordered airline operators to inspect fuel switch lock feature on Boeing jets by July 21, 2025, following a 2018 FAA bulletin highlighting the fuel switch disengagement risk on various aircraft models.
- While the FAA bulletin is not mandatory, the DGCA advised Indian carriers to abide by India’s civil aviation requirements and proactively address safety alerts from the aircraft manufacturer.
- The directive comes after the AI 171 crash investigation where both fuel control switches shifted from 'run' to 'cutoff' post-takeoff, leading to engine shutdown mid-air, causing global attention on Boeing's fuel switch design.
- The AAIB report revealed the engine shutdown in the AI 171 crash occurred due to fuel control switch transition, though the exact cause was not determined. No immediate safety recommendations were issued in the report.
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Bloomberg Quint
6h
203
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R Doraiswamy Appointed As CEO & MD Of LIC
- R Doraiswamy has been appointed as the CEO and MD of LIC after Siddhartha Mohanty's term ended on June 7.
- Doraiswamy, with over 37 years of experience, has held various positions in LIC before assuming the role of MD.
- He is a graduate in mathematics and has memberships in prestigious insurance and actuarial organizations.
- The appointment signifies Doraiswamy's expertise in operations, marketing, technology, and academics within the insurance sector.
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HinduBusinessLine
6h
166
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Infosys McCamish to pay $125,000 penalty in US cybersecurity breach case
- Infosys McCamish has been ordered to pay a $125,000 administrative penalty in a US cybersecurity breach case by the DFR.
- The penalty was imposed due to alleged violations of the Vermont Security Breach Notice Act regarding inadequate information provision and delayed breach notifications.
- Infosys is expected to pay the penalty within 30 days of the entry of the Stipulation and Consent Order received on July 10.
- The order aims to resolve the issue without IMS admitting to the alleged violations, and an earlier agreement settled pending lawsuits for $17.5 million.
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HinduBusinessLine
6h
177
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Rains in the Valley break heat spell, spark optimism among apple growers
- The Valley faced a punishing heatwave which was drying up key water sources, putting apple farmers at risk of losses.
- Srinagar recorded its highest temperature in over 70 years, with the mercury touching 37.4 degrees Celsius, posing a threat to apple farms.
- Recent rainfall in Kashmir provided relief to apple farmers, lowering temperatures and improving soil moisture conditions.
- Despite the rainfall deficit, the recent rains are seen as crucial for protecting fruit quality and ensuring proper growth.
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Baystreet
6h
76
Image Credit: Baystreet
B Riley Strikes Deal with Private Investor
- B. Riley Financial, Inc. announced a privately negotiated exchange agreement with an institutional investor to reduce its total outstanding debt by about $18 million.
- The agreement involves exchanging approximately $43 million in outstanding Senior Notes for $25 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028.
- The investor will also receive warrants to purchase around 98,000 common shares at an exercise price of $10.00 per share, exercisable for seven years from the issuance date.
- B. Riley Financial's CEO, Bryant Riley, mentioned that this is the fifth bond exchange the company has negotiated in four months, reducing total outstanding debt by approximately $126 million.
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Bloomberg Quint
6h
247
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RVNL Wins Order Worth Rs 447 Crore From Delhi Metro
- RVNL has won an order worth Rs 447 crore from Delhi Metro for part-design and construction of viaduct across seven stations.
- The project is part of the Delhi MRTS Phase-IV Project and is to be completed in 36 months.
- RVNL expects a 20% growth in order inflows for the fiscal year and aims to generate a revenue of Rs 20,000-22,000 crore.
- The company's stock settled higher post the announcement, and analysts suggest varied recommendations with a consensus price target implying a potential downside.
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Baystreet
6h
73
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Kenvue CEO Steps Down
- Kenvue's CEO and board member, Thibaut Mongon, has stepped down, and Kirk Perry has been named as interim chief executive.
- The company, spun off from Johnson & Johnson in 2023, is facing pressure from activist investors to improve performance, especially in its skin-health and beauty unit.
- The board is conducting a strategic review to explore various alternatives, including simplifying the company's portfolio and operations.
- Executive search firm Heidrick & Struggles is assisting in the search for the company's next CEO, with the company set to report its second-quarter financial results on August 7.
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HinduBusinessLine
6h
17
Image Credit: HinduBusinessLine
Hero MotoCorp to extend presence in Germany, France, Spain, UK
- Hero MotoCorp plans to extend its presence into Germany, France, Spain, and the United Kingdom in the second quarter of FY26 as part of its global expansion strategy.
- In FY25, the company achieved a significant 43% year-on-year growth in international markets by focusing on customer experience, quality, and scale.
- The company's electric mobility brand, Vida, witnessed a 200% increase in sales, and collaborations with Ather Energy and Zero Motorcycles are strengthening its position in the electric vehicle market.
- Hero MotoCorp aims to lead the electric mobility transformation in India and globally, emphasizing innovation and engineering excellence to redefine mobility.
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HinduBusinessLine
6h
320
Image Credit: HinduBusinessLine
US tariff structure gives India edge over China, Canada, Mexico: Niti Aayog
- India is expected to gain competitiveness over major competitors like China, Canada, and Mexico in the current US tariff regime, especially in sectors like pharmaceuticals, textiles, and electrical machinery.
- The strategic tariff advantage gives India an opportunity to expand market share in the US across various product categories, with only a slight disadvantage in some sectors where the average tariff difference is minimal.
- The evolving global trade environment necessitates adaptive policymaking to leverage new trade alignments and enhance India's competitiveness in both high-value sectors and labor-intensive industries.
- The analysis considers additional baseline tariffs imposed by the US on imports from most countries, while higher tariffs are applied to imports from Mexico, Canada, and China, with the situation subject to change based on evolving trade dynamics.
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Bloomberg Quint
6h
83
Image Credit: Bloomberg Quint
FPIs Remain Net Sellers, Offload Equities Worth Over Rs 1,600 Crore
- Foreign portfolio investors (FPIs) in India remained net sellers, offloading equities worth over Rs 1,600 crore, with domestic institutional investors continuing as buyers for the sixth consecutive day, acquiring stocks worth Rs 1,821 crore.
- FPIs have sold shares amounting to Rs 656 crore in July and Rs 14,590 crore in the previous month, totaling Rs 78,557 crore in 2025 so far. In June, financial services stocks attracted the largest share of FPI inflows, accounting for 61% of the total FPI flows during the month.
- On Monday, India's benchmark equity indices experienced a fourth consecutive session of losses due to a decline in Asian shares and US index futures. Sectors like information technology, defence, and financials faced declines, with the NSE Nifty 50 closing 0.27% lower and the BSE Sensex ending 0.3% down.
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