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Moneyweb
6h
195
Woolworths and Engen mark milestone with 100th Foodstop
- Woolworths and Engen celebrate the opening of their 100th Woolworths Foodstop at the Engen Sandton Convenience Centre, marking a significant milestone in their 25-year partnership.
- The collaboration between Woolworths and Engen has led to the evolution of consumer expectations in convenience retail across South Africa, catering to busy customers' needs for top-up groceries, ready meals, and quick treats.
- Each Foodstop maintains the Woolworths in-store experience, providing fresh produce, pantry essentials, and convenience meals while focusing on expanding access to their services in non-traditional retail settings due to increasing demand for quick and reliable shopping.
- The partnership plans to continue growing beyond the 100-store milestone, aiming to offer more South Africans quality products and convenience as they expand their reach across Johannesburg, KwaZulu-Natal, Cape Town, and beyond.
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Baystreet
6h
56
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U.S. Publisher McGraw Hill To Go Public At $4.2 Billion Valuation
- U.S. publisher McGraw Hill plans to go public through an IPO at a valuation of $4.2 billion.
- McGraw Hill, based in Columbus, Ohio, is known for producing school textbooks and has a global sales team of about 1,500 people.
- The company aims to raise up to $537 million by issuing 24.39 million shares priced between $19 and $22 apiece.
- Goldman Sachs is the lead underwriter for the IPO, and the company intends to trade on the NYSE under the ticker symbol “MH.”
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Baystreet
7h
52
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U.S. Markets Fall As Trump Threatens 30% Tariffs On Mexico And Europe
- U.S. stocks have fallen as President Trump threatened 30% tariffs on Mexico and the European Union.
- The Dow Jones Industrial Average, S&P 500, and Nasdaq were down about 0.35% in pre-market trading on July 14 following Trump's tariff announcement.
- EU and Mexico leaders plan to continue negotiations with the U.S. to potentially lower the proposed tariff rates.
- Concerns about the impact of the tariffs on the economy, upcoming earnings season, and tensions between the Trump administration and the Federal Reserve are contributing to market unease.
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HinduBusinessLine
7h
172
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Broker’s call: Mrs Bectors Food (Buy)
- Mrs Bectors Food Specialities (Bectors) is expanding beyond its strong foothold in north India to focus on markets like Maharashtra and Karnataka due to high bakery product consumption in metros such as Mumbai and Bengaluru.
- The company is adding capacity and manufacturing lines in new and existing facilities to deepen its presence in underpenetrated regions, expecting revenues of ₹3,400 crore in the coming years at peak capacity utilization.
- By FY26, most of the capex is expected to be completed, leading to lower capital intensity and improved return ratios. Bectors plans to increase its outlet reach to 1 million from the current 700,000 and achieve 30% y-o-y growth in Cremica Preferred Outlets by FY26.
- The company's QSR arm aims for better performance with the introduction of frozen foods and desserts to expand its market share. Key risks include raw material inflation and potential distribution or capacity ramp-up slowdowns.
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Baystreet
7h
324
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Monday's Stocks to Watch: PayPal, MicroStrategy, and More
- JP Morgan Chase plans to charge financial technology firms, potentially impacting PayPal, Block, and others in the fintech sector.
- PayPal might have to pay fees to access customer data, potentially leading to increased costs for customers.
- MicroStrategy could see its stock rise due to its consistent purchase of Bitcoin, contributing to its wealth as BTC prices increase.
- The U.S. dollar's dominance is being questioned, potentially benefiting assets like silver, gold, and cryptocurrencies as investors seek alternatives.
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Baystreet
7h
85
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Google Moves Forward on New Hire
- Google has made a new hire, Varun Mohan, the co-founder and CEO of AI coding startup Windsurf.
- Google will also bring in other senior Windsurf research and development employees as part of the agreement.
- Google is paying $2.4 billion in licensing fees and for compensation as part of the deal.
- The move by Google in the AI talent wars comes after Windsurf's talks with OpenAI for an acquisition deal reportedly expired.
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Baystreet
7h
322
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AI Bubble Watch on Nvidia, CoreWeave, Meta, and More
- Nvidia surpassed Microsoft in market capitalization, reaching $4 trillion last week.
- Apple is unlikely to achieve a market size similar to Nvidia due to lack of significant AI developments at its recent conference.
- CoreWeave lost 23.8% of its value and will acquire Core Scientific for $9 billion in an all-stock transaction, potentially diluting stockholders.
- Meta Platforms acquired voice startup PlayAI, while Intel will sell 45 million shares held in Mobileye.
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HinduBusinessLine
7h
161
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Large private banks’ attrition rate falls in FY25
- Major private banks in the country like HDFC Bank, Axis Bank, and Kotak Mahindra Bank have seen a decline in their attrition rates in FY25.
- HDFC Bank reported a decrease in attrition rate from 27% to 23% in FY25, while Axis Bank's employee turnover rate dropped from 29% to 26% in the same period. Kotak Mahindra Bank also saw a reduction in turnover rate from 40% to 33%.
- Junior to mid-level employees under 30 years old are the main contributors to attrition, as compared to senior-level employees.
- Efforts to improve employee retention include measures like leadership training, employee engagement initiatives, and transparent career growth plans implemented by these private banks.
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Moneyweb
7h
283
New AI-powered visa system to boost SA tourism and investment
- South Africa is adopting an AI-powered electronic travel authorisation system in September.
- The system includes new visa categories for film productions and business events/tourism.
- The reforms aim to boost tourism, dismantle red tape, and stimulate the economy.
- The new system will make it easier for visitors to receive visas and boost sectors.
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Coinpedia
7h
200
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Smart Investors Says Cheap Crypto Under $0.03 Will Overtake Shiba Inu (SHIB) By 2026
- Mutuum Finance (MUTM) is gaining traction as a top crypto investment option by offering a dual lending system and full asset ownership for users.
- The project has received a high security rating from CertiK, demonstrating a strong security posture and launching a Bug Bounty Program to further strengthen its platform.
- Mutuum Finance is developing a stablecoin and Layer 2 solutions to enhance scalability, with plans to reward top holders and drive global adoption.
- In contrast, Shiba Inu (SHIB) relies on speculative hype and burn rates, while Mutuum Finance stands out for its innovative features and potential for high returns.
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Baystreet
7h
318
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Why Ford Motor Stock Rallied Despite Record Recalls
- Ford Motor stock rallied despite record recalls and fears of tariffs due to healthy second-quarter results.
- In Q2, Ford posted a 14.2% Y/Y increase in vehicle sales, growing its market share by 1.8% to 14.3%.
- Sales of Ford SUVs rose by 19.3%, while truck sales increased by 11%. Car sales also saw a 3.2% growth.
- Despite positive sales figures, Ford faced challenges with the highest number of safety recalls in the industry in the first half of 2025, leading to concerns about quality control.
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Moneyweb
7h
216
Africa ends decade of distress as risk spreads fall
- For the first time in a decade, no African country has a sovereign risk premium in distress territory, marking an improvement in debt metrics.
- The era of widespread debt distress due to cheap borrowing and fiscal policies during the Covid pandemic saw defaults in countries like Zambia, Ghana, Malawi, and Ethiopia.
- Inflation has moderated, countries like Zambia and Ghana have restructured debt, and IMF rescue packages have led to reforms in Sub-Saharan Africa.
- While overall risk premiums have improved continent-wide, challenges remain with countries like Ethiopia in default and individual bonds like Senegal's showing signs of distress.
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HinduBusinessLine
7h
259
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InGovern wants SEBI action against Viceroy Research on Vedanta report
- InGovern has urged SEBI to take action against Viceroy Research over its report on mining major Vedanta, which the company denied.
- InGovern highlighted the regulatory gap that allows foreign research firms to influence Indian markets without the same transparency standards as domestic analysts.
- On the proposed demerger of Vedanta, InGovern and other leading proxy advisory firms recommended a vote in favor of the demerger for potential benefits such as enhanced management focus and improved capital market access.
- InGovern emphasized that the entity structures criticized in the Viceroy report are common and legitimate in infrastructure, mining, and energy businesses, with similar structures used by large conglomerates globally.
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HinduBusinessLine
7h
704
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NABARD launches RuralTech CoLab to promote rural tech start-up ecosystem
- NABARD has launched RuralTech CoLab to promote rural tech start-ups focusing on agriculture and rural development.
- RuralTech CoLab will cater to solutions tailored for agriculture, rural development, and rural financial services.
- The initiative aims to collaborate with ecosystem partners, provide access to NABARD's grassroots network, and support rural enterprises.
- NABARD also launched a WhatsApp channel for market advisories and information related to Farmer Producer Organizations (FPOs).
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Bloomberg Quint
7h
331
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Ola Electric Shares Settle Nearly 20% Higher On Improved Business Prospects
- Ola Electric shares surged despite a 50% fall in June quarter revenue and widened losses.
- The company aims for strong growth in 2026 with volume projections of 325,000 to 375,000 vehicles and revenue between Rs 4,200 crore to Rs 4,700 crore.
- Shares settled nearly 20% higher as the company projects an automotive gross margin of 35% to 40% by the end of 2026.
- Analysts maintain varying ratings on Ola Electric, with a consensus price target implying a potential downside.
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