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Bloomberg Quint
6d
16k
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TCS CFO Claims Wage Hikes A 'Priority'; Focus To Be On Growth With Profitability
- TCS CFO Samir Seksaria stated that providing wage hikes for TCS's 6 lakh employees is a top priority.
- Annual wage hikes typically reduce the operating profit margin by over 1.50% at TCS.
- TCS aims to focus on growth with profitability despite facing challenges such as demand impact and margin constraints.
- The company plans to prioritize retaining top talent amidst concerns about attrition rates and may slow down on lateral hiring based on current demand.
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TechBullion
6d
332
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BusinessHotels.com: The Rise of a Free, Traveler-First Platform Shaping the Future of Business Travel
- BusinessHotels.com offers a free platform catering to both business and leisure travelers, including the rising segment of 'bleisure' travelers, with no memberships or contracts required.
- The platform addresses the gap in business travel by simplifying hotel bookings for independent professionals, small business owners, and remote teams, eliminating common pain points.
- BusinessHotels.com supports the trend of bleisure travel by providing hotel options for combining work and leisure trips, aiming to create a seamless travel experience through its 'Connected Trip for Business' vision.
- Unlike traditional corporate travel agencies, BusinessHotels.com is designed for unmanaged business travelers, offering transparency, independence, and a user-first approach without hidden charges or subscription costs.
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Bworldonline
6d
41
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Stricter gambling payment rules eyed
- BSP aims to tighten rules on online gambling payments to prevent misuse.
- Draft circular focuses on promoting responsible use and mitigating social/financial risks.
- Proposed regulations include capitalization requirements, anti-money laundering measures, and responsible gambling policies.
- Providers must restrict links to gambling sites and enhance monitoring of transactions.
- Violations may result in sanctions, including monetary penalties and suspension of services.
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2 Likes
Bworldonline
6d
215
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Philippines ready for tariff talks with US this week
- Philippine government aims for lower US tariff rate ahead of Aug. 1 deadline.
- Negotiations may involve higher quotas for US pork, poultry, and corn imports.
- Trade officials to hold talks in Washington; President Marcos's visit to US scheduled.
- US may ask for increased access to Philippine markets and tariff relief for key exports.
- Implications of a 20% tariff on Philippine exports and strategies for economic resilience discussed.
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Bworldonline
6d
41
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PSE hikes capital-raising target to over P186 billion this year
- PSE increases capital-raising target to over P186 billion, projecting high fundraising activities.
- First half saw P62.6 billion and second half expects P123.7 billion capital raising.
- Market conditions favor achieving target with US, global, and local markets improving.
- Board of directors reinstated, focusing on reforms and enhancing liquidity in capital market.
- President and CEO, Ramon S. Monzon, re-elected along with other key members.
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HinduBusinessLine
6d
308
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InGovern raises concerns on regulatory lapses at Care Health Insurance
- InGovern raised concerns over governance lapses and regulatory breaches regarding a grant of ESOPs worth over ₹400 crore to Dr. Rashmi Saluja, Chairperson of Religare Enterprises and Non-Executive Director at Care Health Insurance.
- The Board of Care Health Insurance should disclose all communication with IRDAI regarding the ESOP grant and the rationale for proceeding despite regulatory rejection, as per the InGovern report.
- Religare Enterprises stated that IRDAI found the issuance of ESOPs to Dr. Saluja illegal, leading to an appeal that was withdrawn after her removal from the Board.
- The report also questioned potential conflicts of interest involving CHIL's key legal advisors and advised shareholders to seek further details on the matter.
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TechBullion
6d
75
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MoonLad Launches on Solana A Meme Token With Real Utility NFT Integration and a Mission Beyond the Moon
- MoonLad (MLAD) enters the crypto space with a focus on utility, NFT integration, and community engagement on the Solana blockchain.
- The project combines blockchain infrastructure, DeFi features, and NFT functionality while maintaining a strong philanthropic focus.
- MoonLad's ICO is ongoing with a focus on early supporters who will receive NFT airdrops and governance rights, emphasizing long-term community involvement.
- The project utilizes Solana's SPL token standard for fast and cost-efficient transactions, with a governance-first model empowering users to shape the ecosystem.
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4 Likes
Bloomberg Quint
6d
642
Image Credit: Bloomberg Quint
Anthem Biosciences IPO Opens For Subscription On Monday: Price Band To GMP—10 Things To Know
- Anthem Biosciences IPO opens on July 14 with a price band of Rs 540-Rs 570.
- The IPO is a bookbuilding issue of Rs 3,395.00 crore, entirely an offer for sale.
- Offer reserved 50% for QIB, 15% for NII, 35% for retail investors.
- Lead managers include JM Financial, Citigroup, J P Morgan, and Nomura.
- Anthem Biosciences IPO fetched Rs 1,016.02 crore from 60 institutional investors.
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HinduBusinessLine
6d
1.6k
Image Credit: HinduBusinessLine
In Q1FY26, Infosys ‘may revise FY26 revenue guidance to 1-3% CC growth’
- Infosys is expected to report revenue ranging from ₹41,837 crore to ₹41,986 crore in Q1FY26, with sequential growth of 2.2% to 2.6% and y-o-y increase of 6.4% to 6.8%.
- Profit after tax in Q1FY26 is projected to decline by 1.1% to 3.3% q-o-q but show a y-o-y growth of 6.8% to 9.2%.
- Infosys may revise its revenue growth guidance for FY26 to 1-3% y-o-y in constant currency terms, while keeping the EBIT margin outlook at 20-22%.
- The company is set to onboard over 20,000 freshers in FY26 and is experiencing recovery in headcount after a decline, facing margin pressure due to April wage hikes and large deal ramp-ups.
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7 Likes
Bloomberg Quint
6d
339
Image Credit: Bloomberg Quint
Top Online Stores Offering Monsoon Discounts On Appliances: Are They Worth It?
- Several online retailers like Amazon, Flipkart, and Croma are offering monsoon discounts on appliances such as washing machines, refrigerators, and air purifiers.
- Discounts include up to 50% off on washing machines and over 40% off on air conditioners.
- Consumers are advised to consider factors like budget allocation, comparing prices, energy efficiency, product reviews, and return/exchange policies before making a purchase.
- The decision to buy during these sales depends on individual needs and thorough consideration of various aspects to avoid unnecessary expenses.
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20 Likes
HinduBusinessLine
6d
248
Image Credit: HinduBusinessLine
Kashmir parties allege leaders put under house arrest on Martyrs’ Day
- 22 people were killed in a historical event on July 13, 1931, during a protest against Maharaja Hari Singh's rule.
- Kashmir's Martyrs' Day on July 13 marks a significant event in the region's political history.
- Political leaders in Kashmir, including Omar Abdullah and Mehbooba Mufti, allege house arrests and restrictions ahead of the Martyrs' Day activities.
- Authorities are accused of locking homes, blocking bridges, and imposing restrictions to prevent public gatherings at important graveyards.
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14 Likes
HinduBusinessLine
6d
1.4k
Image Credit: HinduBusinessLine
Editorial. Don’t use interim report to assign blame for Ahmedabad crash
- The Air Accidents Investigation Branch (AAIB) is investigating the fuel cutoff in the Ahmedabad crash without assigning definitive blame yet, considering potential mechanical failure, inadvertent signals, or human error.
- The AAIB referenced a 2018 FAA warning about issues with fuel control switch locking mechanisms in Boeing models, drawing attention to known vulnerabilities not regulated, raising concerns about oversight.
- Aviation community reactions, especially from pilots' associations, criticize the tendency to prematurely blame pilots based on cockpit voice recorder excerpts, urging against overlooking systemic or design flaws.
- The preliminary nature of the AAIB report underscores the need to avoid hasty conclusions or assigning motive, emphasizing the importance of thorough technical analysis and transparency in the final investigation report.
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15 Likes
TechBullion
6d
252
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Next big AI agent launch set for next week on Creatorbid: $YUUKI – The crypto casino governor
- CreatorBid is set to launch the AI governor $YUUKI, which will underpin the Fullhouse.gg crypto-casino.
- YUUKI will have a token-generation event with 37% of the 100 million supply entering circulation through a public sale on Base, paired with YUUKI/ETH liquidity locked for twelve months.
- YUUKI is designed to channel revenue back to token holders, accelerate player progression on Fullhouse.gg, and boost CreatorBid allocation weight for stakers.
- Fullhouse.gg maintains a public ledger, and YUUKI stakers receive a percentage of the net gaming revenue, with governance protecting any future changes to the distribution.
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HinduBusinessLine
6d
236
Image Credit: HinduBusinessLine
Electrical fault in spotlight as other factors ruled out in AI-171 crash, say experts
- Experts investigating the AI-171 crash have ruled out factors such as weather conditions, pilots' competencies, and bird strikes, focusing on a possible electrical fault in the spotlight as a significant angle to consider.
- Pilots have not been blamed for the crash, with doubts raised over potential electrical or software faults, especially given the in-flight shutdown of both engines and pilots' reactions.
- Concerns have been raised about a 2018 FAA advisory regarding fuel switch mechanisms on Boeing models, although Air India did not act on it citing non-mandatory compliance at that time.
- The investigation questions the physical position of fuel control switches in the crashed aircraft and dismisses theories of pilot misconduct or suicide, leaning towards an initial focus on faulty Honeywell-made switches or further underlying causes for the engine shutdown.
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Bloomberg Quint
6d
377
Image Credit: Bloomberg Quint
Superman Review: A Successful Takeoff
- 'Superman' movie reflects on heroism through compassion and defiance.
- Director James Gunn's take embraces comic book aspects, becoming emotionally compelling.
- Thematic inspiration from 'All-Star Superman', movie balances whimsy, drama, and humour.
- Visual aesthetic, performances, and narrative tone make it a standout superhero film.
- Nicholas Hoult shines as Lex Luthor; film blends warmth, humour, and sincerity.
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