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HinduBusinessLine
6d
758
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Anthem Biosciences issue opens today in a price band of ₹540-570
- Anthem Biosciences issue, entirely an offer-for-sale by promoters and investors, opens at a price band of ₹540-570.
- The IPO has reservations for retail investors, QIBs, and HNIs.
- Anthem Biosciences, an innovation-driven CRDMO, raised ₹1,016 crore from anchor investors ahead of its public share-sale.
- The company, with integrated drug discovery and manufacturing operations, has notable investors and peers in the industry.
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Bloomberg Quint
6d
1.4k
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Havells, Dixon, PG Electroplast — Nirmal Bang's Top Stock Picks In Consumer Durables; Q1 Results Preview
- Nirmal Bang's top stock picks in consumer durables include Havells, Dixon, and PG Electroplast.
- Consumer durables and consumer electricals are expected to witness margin contractions, with specific companies expected to outperform on both revenue and profitability.
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HinduBusinessLine
6d
404
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Five infra, realty stocks that will be active in today’s trade
- DLF has reached a full and final settlement with TFDRL, with the latter agreeing to pay a settlement amount to DLF over a 24-month period.
- Ajmera Realty showed mixed YoY performance in Q1 FY26, with robust collections but lower sales value due to sector-wide regulatory challenges.
- Ramco Cements has realised ₹24.05 crore from the disposal of non-core assets, bringing the total value of disposed assets to ₹483.84 crore.
- NCC has secured a contract worth around ₹2,269 crore from MMRDA for work on Mumbai Metro Line 6, as announced to the stock exchanges.
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Moneyweb
6d
218
Nersa’s mistakes will hit you hard
- Consumers facing R40 billion increase in Eskom costs due to Nersa's mistakes.
- Eskom challenged Nersa's decisions, leading to settlements favoring the utility.
- Mistakes by Nersa have led to underrecovery, impacting electricity tariffs for consumers.
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Moneyweb
6d
418
Fourways Mall co-owner may be forced to write off R800m
- Accelerate Property Fund, the 50% co-owner of Fourways Mall, may be forced to write off the R800 million it is owed by various parties related to Nic Georgiou, the other co-owner of the mall.
- The November 2024 settlement agreement with the parties involved lapsed due to suspensive conditions not being fulfilled within the required timeframe.
- Accelerate is currently in negotiations to conclude a new agreement on similar terms as the original settlement, but if unsuccessful, it may fully impair the R800 million in its financial results.
- The complex settlement agreement involves no cash outflow from Accelerate and includes proposed payments to Azrapart, the developer of Fourways Mall, totaling R796 million.
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Moneyweb
6d
20
More incidents of unexplained debit order activity
- South African bank clients report more cases of unexplained debit orders, including DebiCheck transactions not authorized.
- Absa customer received a DebiCheck notification for R8,812, which disappeared without a record with the bank or service provider.
- FNB customer's account was debited without authorization; FNB investigates and assists in disputing and stopping such transactions.
- Concerns raised about sales processes outside banks leading to unintentionally authorized debit orders; customers advised to be vigilant.
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Moneyweb
6d
228
RTMC CEO’s suspension due to host of serious whistleblower allegations
- RTMC CEO Advocate Makhosini Msibi suspended over serious whistleblower allegations.
- Whistleblower detailed claims of financial misconduct, irregular procurement, and abuse of authority.
- Allegations include financial crisis, irregular CEO contract extension, misuse of state resources.
- Minister confirms suspension, appoints interim CEO, forensic investigation underway.
- Lack of transparency prior to announcement raises concerns about governance and oversight.
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13 Likes
Moneyweb
6d
317
FSCA makes progress in cleaning up the financial services sector
- FSCA steps up efforts in regulating financial sector, imposes penalties up to R120 million.
- Debarred 131 individuals, withdrew 382 licenses, and issued 107 public warnings to wrongdoers.
- Stricter measures enforced against scams masquerading as financial entities, emphasizing consumer caution.
- International cooperation and focus on online scams to combat illegal financial activities effectively.
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Bloomberg Quint
6d
1.8k
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Sun Pharma, Cipla And More — Nirmal Bang's Top Stock Picks In Pharma Pack; Q1 Results Preview
- Nirmal Bang's top stock picks in the pharma sector include Ajanta Pharma, Dr. Reddy's, JB Chemicals, Eris, Sun Pharma, and Lupin, expected to outperform the IPM.
- Pharma companies are anticipated to witness improved margins YoY due to a better product mix, price hike benefits, and normalized cost inflation.
- Large caps such as Dr. Reddy's, Sun Pharma, Mankind Pharma, and Ajanta Pharma are expected to show >10% YoY revenue growth, with other companies likely reporting double-digit revenue as well.
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Bloomberg Quint
6d
801
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SIP Goals: How To Accumulate Rs 10 Crore By Retirement If You Start At 25?
- Starting early via SIP investments is crucial for wealth accumulation due to compounding; beginning at 25 provides a 35-year window for building a retirement corpus.
- Long-term financial goals like retirement funds benefit from mutual fund SIPs, offering higher returns and compounding benefits with small investments over time.
- To accumulate Rs 10 crore by retirement at 60 starting at 25 with a 12% expected return, one needs a monthly investment of Rs 15,400, showcasing the power of compounding.
- Considerations like 'step-up SIP' can help reach the Rs 10 crore target faster, with caution advised due to market volatility and varying returns based on financial circumstances and risk tolerance.
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Bloomberg Quint
6d
1.1k
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Stock Market News Live: GIFT Nifty Indicates Gap Down Start; DMart, HCLTech Shares In Focus
- The GIFT Nifty was trading lower near 25,170 early Monday, indicating a negative start for the Indian markets.
- The futures contract based on the benchmark Nifty 50 fell 0.08% at 25,172 as of 6:42 a.m.
- Indian benchmark equity indices fell for the third straight session on Friday, driven by declines in HDFC Bank Ltd., Reliance Industries Ltd., and Tata Consultancy Services Ltd.
- The NSE Nifty 50 ended 0.81% lower, while the BSE Sensex closed 0.83% down on Friday.
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HinduBusinessLine
6d
1k
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TCS sees decline in number of customers contributing over $100 million revenue
- TCS experienced a decrease in the number of customers generating over $100 million in revenue, dropping from 64 in Q1FY25 to 62 in Q1FY26, a decline of 1 on a yearly basis.
- However, TCS observed growth in the number of customers contributing in the $1 million, $5 million, and $10 million revenue segments, with a decline in the $50 million band from 140 in Q1FY25 to 131 in Q1FY26.
- TCS MD and CEO mentioned an increase in customers with revenues over $1 million to 1,336, signaling a rise of 26 from the previous year.
- The industry is showing a trend towards cost optimization and smaller projects, attributed to global economic uncertainties impacting large transformation projects.
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HinduBusinessLine
6d
254
Image Credit: HinduBusinessLine
Amazon leverages in-house AI tools to help employees focus on big problems
- Amazon utilizes in-house AI tools to streamline employee feedback with a 60-word system termed 'Superpowers and Growth Areas.'
- The AI layer analyzes responses, providing employees with a concise overview of strengths and areas for development, reducing feedback process time significantly.
- Additional AI-powered tools like 'Connections,' 'Cedric,' 'PartyRock,' and 'Amazon A to Z' enhance employee experience and problem-solving capabilities at Amazon.
- Despite automation, Amazon's hiring pace remains stable, but AI is influencing the qualities the company seeks in employees, focusing on adaptability and problem-solving skills in the rapidly-changing tech landscape.
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Bloomberg Quint
6d
61
Image Credit: Bloomberg Quint
Ashok Leyland, Ather Energy, Bharat Forge — HDFC Securities Top Stock Pick In Auto Sector; Q1 Results Preview
- HDFC Securities has identified Ashok Leyland, Ather Energy, and Bharat Forge as top stock picks in the auto sector.
- Margins of key export companies might be impacted by rising ocean freight costs, particularly affecting Balkrishna Industries.
- Higher raw material costs, like steel and platinum group metals, are expected to affect OEMs' gross margins.
- Softer demand globally and domestically is impacting volume growth, with exceptions seen in companies like TVS Motor, Eicher Motors, and Mahindra and Mahindra.
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Bloomberg Quint
6d
1.1k
Image Credit: Bloomberg Quint
Q1 Results Today: HCLTech, Tata Technologies, Ola Electric Among 25 Companies To Announce Earnings
- At least 25 companies are set to announce their Q1 results for the financial year 2025-26 on July 14, spanning various sectors including hospitality, vehicles, media, and finance.
- Companies like Tata Technologies Ltd. and Ola Electric Mobility Ltd. are among those scheduled to release their Q1FY26 results.
- Investors and analysts will closely monitor performance indicators such as revenue growth, profitability, and management commentary from these companies.
- Some of the companies to declare Q1 results on July 14 include HCL Technologies Ltd., Ola Electric Mobility Ltd., Tata Technologies Ltd., and others.
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