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HinduBusinessLine
5d
65
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Sensex, Nifty 50 in red; Eternal, Sun Pharma lead gains, Wipro, Infosys, Tech Mahindra, TCS & HCL Tech fall
- Sensex traded 0.43% lower at 82,148.01, and Nifty 50 fell by 0.39% to 25,051.90.
- Smallcap index outperformed midcap with gains, while TCS's weak Q1 earnings led to a sectoral sell-off.
- Gainers of Nifty 50 pack included Eternal, Sun Pharma, while major laggards were Tech Mahindra, Wipro, Infosys, Jio Financial, and TCS.
- Several stocks hit 52-week highs and lows, with movements in various sectors such as IT, healthcare, realty, and media.
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HinduBusinessLine
5d
305
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Data Focus: Over 17 lakh LPG-related complaints filed every year, 58% relate to IOCL
- An expert committee report reveals that over 17 lakh LPG-related complaints are filed annually, with 58% concerning Indian Oil Corporation Limited (IOCL).
- Complaint patterns show BPCL and HPCL consumers frustrated over refill issues, while IOCL users face challenges with timely subsidy transfers.
- Logistical inefficiencies and supply chain disruptions contribute to refill-related complaints, emphasizing the need for operational streamlining.
- Recommendations include urgent reforms in subsidy management, service improvements, stricter quality assurance, and addressing digital service gaps in the LPG sector.
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HinduBusinessLine
5d
45
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Ola Electric shares surge 15% as auto unit turns EBITDA positive
- Ola Electric's auto segment delivered 68,192 vehicles in Q1FY26, with gross margins expanding to 25.6% from 13.8% in the previous quarter despite minimal PLI benefits.
- Ola Electric's cost optimization program reduced monthly auto operating expenses to ₹105 crore from ₹178 crore in Q3FY25, leading to an improved consolidated EBITDA margin and a plan to turn the auto segment EBITDA positive in Q2FY26.
- The company set ambitious targets for FY26, aiming for 3.25-3.75 lakh units in vehicle sales and revenue between ₹4,200-4,700 crore, expecting exit gross margins to reach 35-40% with PLI benefits per vehicle.
- Ola Electric's Gen 3 scooters, accounting for 80% of sales, showed superior performance with lower warranty claims, new MoveOS+ software features, and plans to launch vehicles with in-house 4680 cells by Navratri in Q2FY26 as part of its gigafactory project.
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Coinpedia
5d
126
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Altcoin Explosion Soon? Hidden Signal Hints at It as SpacePay Eyes Big Launch After Presale
- Crypto charts hint at possible altcoin explosion similar to previous rallies in 2023-2024.
- SpacePay offers solution for businesses to accept crypto payments seamlessly without hardware updates.
- Ethereum's stagnant performance raises concerns for current altcoin season lacking momentum.
- SpacePay's $SPY token offers revenue sharing and community involvement within their innovative platform.
- With a functioning product and user-friendly features, SpacePay stands out amid potential market shifts.
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Bloomberg Quint
5d
234
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Boeing 787 Fuel Switch Lock Checks Begin: Etihad, Singapore Lead; Indian Carriers Await DGCA Directive
- Etihad Airways and Singapore Airlines have initiated checks on Boeing 787 fuel control switch locks in response to the FAA's safety notice and India's investigation into the Air India crash.
- Foreign airlines, including Etihad and Singapore Airlines, are leading the inspection efforts on Boeing 787 fuel switch locks.
- The FAA reaffirmed the safety of Boeing 787 fuel switch design, while the Indian DGCA is assessing the situation after ordering extensive checks on Boeing 787s post the crash.
- Air India's CEO confirmed the fleet-wide checks post the incident, ensuring airworthiness after assessing all aircraft in their fleet.
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TechBullion
5d
741
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Polen Capital Appoints Clara Neumann as Senior Assistant and AI Intelligent Trading Strategy Coordinator
- Clara Neumann has been appointed as Senior Assistant and AI Intelligent Trading Strategy Coordinator at Polen Capital Asset Management in Germany and Europe.
- Clara holds a master's degree in finance and specializes in finance and quantitative analysis, contributing to international AI research projects before joining Polen Capital.
- She plays a vital role in bridging communication between technology teams and clients, translating complex AI trading concepts into understandable content for German investors.
- Clara's focus is on optimizing PCAM's products and services through client feedback and building lasting partnerships based on transparent communication.
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HinduBusinessLine
5d
2.1k
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IT sector drags indices lower as Trump tariff fears persist
- Sensex and Nifty indices decreased by 0.44% and 0.40% respectively due to IT sector decline and US tariff concerns.
- IT stocks like Tech Mahindra, Wipro, Infosys, and Tata Consultancy Services saw significant losses, contributing to the market decline.
- On the positive side, stocks like Eternal, Sun Pharma, Adani Enterprises, Apollo Hospital, and ONGC showed gains despite the overall market weakness.
- Market breadth was unfavorable, with more declining stocks than advances, while trading volumes remained high amidst global trade tensions.
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HinduBusinessLine
5d
61
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With polls around the corner, Tamil Nadu appoints senior bureaucrats as official spokespersons
- Tamil Nadu has appointed J Radhakrishnan, Gagandeep Singh Bedi, Dheeraj Kumar, and P Amudha, high-ranking bureaucrats, as official spokespersons to relay government information effectively to the public and ensure inter-departmental coordination.
- Each appointed bureaucrat is assigned specific departments for communication responsibilities to provide accurate and timely information following verification and consultation with the Chief Secretary.
- The secretaries of the designated departments will furnish information on announcements and achievements to the appointed spokespersons for centralized public dissemination, ensuring precision and official endorsement.
- The strategic appointment of senior bureaucrats aims to enhance the transparency and efficiency of government communications ahead of upcoming polls in Tamil Nadu.
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HinduBusinessLine
5d
416
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Anthem Biosciences IPO gets lukewarm response on opening day
- Anthem Biosciences IPO received a lukewarm response on its opening day, with retail investors showing the strongest interest.
- The issue, priced between ₹540-570, saw retail investors subscribing 0.22 times, while QIBs had minimal participation at 0.00 times and non-institutional investors at 0.36 times.
- Anthem Biosciences, a Bengaluru-based CRDMO company, has achieved a ₹1,000 crore revenue milestone in 14 years and demonstrated a strong financial performance, growing at a 32% CAGR to ₹1,845 crore between FY23 and FY25.
- SBI Securities recommended subscribing to the IPO for a long-term horizon, citing the company's service capabilities, expansion plans, 242-project pipeline, and revenue from potential blockbuster drugs.
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HinduBusinessLine
5d
1.2k
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TCS Q1FY26 shares drop 1.44%, revenue falls 1.6% QoQ
- TCS reported a 1.6% drop in revenue for Q1FY26 to ₹63,430 crore, missing estimates of ₹64,650 crore.
- The decline was attributed to lower international revenue and a BSNL deal ramp-down, with a 3.3% fall in revenue on constant currency terms.
- Adjusted PAT rose 4.4% QoQ to ₹12,760 crore, driven by a spike in other income, while EBIT marginally decreased.
- Despite a drop in deal signings, TCS remains optimistic about outperforming FY25 in international revenues and continues to invest in AI capabilities.
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Moneyweb
5d
41
China’s GDP seen outpacing target, easing stimulus pressure
- China’s economy likely exceeded full-year growth target in Q2, easing stimulus pressure on Beijing.
- GDP expected to rise 5.1% in Q2, supporting by strong exports and fiscal support.
- Policymakers may hold off on further stimulus to maintain policy flexibility amid uncertainties.
- Consumption and industrial production indicators also show mixed signals for China's economic outlook.
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HinduBusinessLine
5d
967
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Smartworks IPO oversubscribed 1.9 times on final day
- Smartworks IPO saw strong demand from non-institutional investors, oversubscribed 3.76 times in this category on the final day.
- Retail individual investors achieved 1.82 times subscription, with the majority of bids at the cut-off price.
- Qualified institutional buyers were tepid with 0.64 times subscription, mainly led by foreign institutional investors.
- Smartworks IPO priced between ₹387-407 per share, consisting of a fresh issue of ₹445 crore and an offer for sale of 33.79 lakh shares.
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Bloomberg Quint
5d
246
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Water Level In Mumbai Lakes Rises Above 75%, Modak Sagar At 100% Storage Capacity
- Water level in Mumbai lakes rises above 75%, with Modak Sagar at 100% storage capacity.
- Other key reservoirs supplying water to Mumbai also experienced a surge in water levels due to recent heavy rains.
- At 6 a.m. on Monday, the combined water storage in seven major lakes stood at 1,096,052 million liters, 75.79% of total capacity.
- With more rainfall expected, the water levels in the lakes are anticipated to rise further. Mumbai likely to experience moderate rain with IMD issuing a yellow alert.
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TechBullion
6d
91
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Why English Speaking Skills Matter in the Workplace — and How to Strengthen Them
- English speaking skills play a crucial role in the workplace, impacting hiring decisions, career advancement, and daily performance.
- Professionals often face challenges speaking English at work, especially in fast-paced environments where confidence and practice are essential.
- Learna AI is a digital platform designed to enhance spoken English skills through structured, interactive sessions tailored to workplace scenarios.
- The platform offers a low-pressure environment for professionals to practice fluency, tone, and structure, ultimately improving communication effectiveness in business settings.
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Moneyweb
6d
398
G20 agenda eclipsed as Bessent skips South Africa meeting again
- US Treasury Secretary Scott Bessent will not attend the G20 meeting in South Africa for the second time this year due to boycott by top US officials.
- South Africa's G20 presidency theme of 'Solidarity, Equality, and Sustainability' has caused US officials to skip the meetings, impacting discussions on crucial global issues.
- Trump's trade war actions have added uncertainty to G20 outcomes, affecting progress on issues like climate change and debt relief that South Africa aims to address.
- Despite US indifference, South Africa is determined to focus on Africa's development during the G20 meeting, fostering closer ties among Global South members and US traditional allies.
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