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Funding News
Bloomberg Quint
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Bazaar Style Retail Q1 Update: Revenue Estimated To Rise 37%
- Bazaar Style Retail Ltd. has estimated a 37% year-on-year revenue growth in the first quarter of fiscal 2026.
- Standalone revenue for the retail chain during the April–June period is forecasted to increase to Rs 377.7 crore, with sales per square feet value at Rs 664 per month for the quarter ended June.
- The company opened 22 new stores in June and closed four, with plans to open up to 50 stores annually over the next two years, focusing on expansion into small towns.
- Shares of Baazar Style Retail closed 1.56% higher at Rs 322 per share, with analysts maintaining a 'buy' rating and an average 12-month consensus price target implying an upside of 18.8%.
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Bloomberg Quint
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323
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Sean 'Diddy' Combs Acquitted Of Most Serious Charges, Guilty Of Prostitution Offenses
- Sean 'Diddy' Combs was acquitted of top charges of racketeering and sex trafficking but found guilty of transporting prostitutes.
- The mixed verdict means Combs avoided a life sentence but could face a maximum of 20 years on the prostitution charges.
- The verdict followed a seven-week trial where prosecutors accused Combs of running a criminal enterprise and organizing drug-fueled sex parties with escorts.
- The jury's decision, after three days of deliberations, acquitted Combs of racketeering and sex trafficking charges but convicted him of transporting prostitutes.
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Bloomberg Quint
2w
78
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PNB Housing Finance Board Recommends Issue Of NCDs Worth Rs 10,000 Crore
- PNB Housing Finance Board recommends issuing non-convertible debentures (NCDs) worth up to Rs 10,000 crore on a private placement basis, subject to shareholders' approval.
- The firm sets the record date of Aug. 1 for a dividend of Rs 5 per share, pending approval at the upcoming annual general meeting.
- UBS initiated coverage on PNB Housing Finance with a 'buy' rating and set a price target of Rs 1,300 amidst positive outlook.
- Thirteen analysts have a 'buy' rating on PNB Housing Finance, with an average 12-month price target suggesting a potential upside of 12.8%.
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Bloomberg Quint
2w
414
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3G Capital, Singapore's GIC Seek CCI Nod To Acquire Skechers
- Investment firm 3G Capital and Singapore's sovereign wealth fund GIC have applied for approval from the Competition Commission of India (CCI) to acquire Skechers.
- The transaction involves an indirect acquisition of all outstanding shares and sole control of Skechers by affiliates of investment funds managed by 3G Capital partners LP and GIC.
- GIC has also sought CCI clearance to invest capital for financing part of the acquisition, which would grant GIC Investment certain rights in Skechers upon completion of the transaction.
- The deal, valued at about USD 9.4 billion, will lead to Skechers being taken private by 3G Capital, resulting in the company no longer being listed on the New York Stock Exchange.
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Bloomberg Quint
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336
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'Zero Tariff On US Goods': Donald Trump Announces Landmark Trade Deal With Vietnam
- US President Donald Trump announced a trade deal with Vietnam, allowing American goods to be imported into Vietnam at zero tariffs.
- In exchange, the US will impose a 20% tariff on Vietnamese goods entering its market and a 40% tariff on transshipments.
- Vietnam will provide the US with total access to its markets for trade. The deal aims for zero tariffs on American products entering Vietnam.
- The trade deal with Vietnam marks the third agreement between the US and a country, following deals with the UK and China.
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Bloomberg Quint
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331
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KPI Green Energy Sets Up SPV To Focus On Renewable Energy
- KPI Green Energy Ltd. has established a special purpose vehicle (SPV) to concentrate on the renewable energy sector, aiming to develop, transmit, and distribute power derived from sources like wind and solar energy.
- The SPV, named 'KPIN Clean Power Three LLP,' was officially incorporated on July 2, 2025, after receiving approval from the Ministry of Corporate Affairs.
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Bloomberg Quint
2w
48
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CUET UG 2025 Results Date Announced: Check Steps To Access Scorecard
- The National Testing Agency (NTA) will announce the results for the Common University Entrance Test (CUET) Undergraduate (UG) on July 4, 2025.
- Students can access their CUET UG 2025 results on the official website, cuet.nta.ac.in, once declared.
- The counselling process will follow the result declaration for admission into various undergraduate courses at colleges and universities.
- To check the results, students need to visit the official website, enter login credentials, and view their scorecards. They should verify details for accuracy and go through the admission procedure accordingly.
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Bloomberg Quint
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384
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The Price Of Walking Away — New Era Of Enforcement For Employment Bonds
- The SC's verdict on employment bond enforcement needs closer analysis in recent Vijaya Bank case.
- Employment bonds in India aim to retain talent with minimum service period or compensation.
- Legal debate focuses on Sections 23 and 27 of the Indian Contract Act, 1872.
- SC's decision challenges customary views on enforcement of employment bonds and public policy.
- The impact of the SC ruling on PSUs and private employers is yet to unfold.
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Bloomberg Quint
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240
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SEBI Mandates Unified Contract Note With Single VWAP
- SEBI has mandated the issuance of a Common Contract Note with a single volume-weighted average price starting June 27 to simplify post-trade reporting.
- The decision aims to provide uniformity in post-trade communication based on feedback from market participants, enhancing trading ease for institutional investors.
- This move introduces a single consolidated contract note mechanism with uniform VWAP, streamlining the reporting process across multiple exchanges into a single document.
- The reform seeks to enhance cost efficiency, reduce compliance burdens, and ensure consistent trade reporting aligned with the CC interoperability framework.
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Pymnts
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428
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Yaspa Raises $12 Million to Expand Pay-by-Bank Solution in US
- Yaspa raised $12 million in funding to expand its pay-by-bank solution in the United States.
- The company, operating in the UK and Europe, is expanding to the US, focusing on sectors like regulated gambling operators.
- The funding round was led by Discerning Capital, aiming to capitalize on the appeal of account-to-account payments in the gaming industry.
- Yaspa's pay-by-bank solution offers lower costs, fewer chargebacks, and seamless integration of player protections.
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Massivelyop
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305
Star Citizen players try to call attention to reportedly widespread duping and cheating issues
- Star Citizen players are raising concerns about widespread issues of duping, cheating, and hacking in the game.
- Reports suggest a duping bug is allowing players to create multiples of items using a mobiGlas UI, with suspected bot accounts exploiting the loophole.
- Players are also allegedly able to steal gear from living characters, and certain issues like invulnerable FPS players have been confirmed.
- Calls for ban waves or a full wipe have surfaced, coinciding with the upcoming Foundation Festival event in Star Citizen.
- The game, originally crowdfunded in 2012 and still in alpha, has raised over $800M but faces ongoing delays and skepticism amid loyal support.
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Medium
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358
Introduction to Venture Capital-1
- Venture capital finances tech startups and involves more than just providing funding.
- The US has a strong history in venture capital, fostering economic growth.
- Key players in VC include VCs, Principals, VPs, Entrepreneurs in Residence, and administrative teams.
- The VC life cycle includes fund establishment, investment period, value creation, exit strategy, and fund dissolution.
- Success in VC involves strategic guidance, network leveraging, and exit strategies for returns.
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Bloomberg Quint
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93
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'Not A Business Where Deep Pockets Mean A Large Moat': Nithin Kamath On Jio-Blackrock
- Zerodha CEO Nithin Kamath believes Jio-Blackrock, a joint venture between Jio and Blackrock, won't pose a competitive threat in stock broking.
- Kamath sees primary competition from first-generation founders deeply engaged in broking, emphasizing that having deep pockets doesn't guarantee success in this business.
- Kamath foresees Jio-Blackrock expanding investment participation beyond the top 10 crore Indians, aiming to offer low-risk plans to a broader income group.
- Zerodha is focused on long-term customer relationships, avoiding pushy tactics, and ensuring customers trade less for better odds of success.
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Bloomberg Quint
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214
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Tesla Sales Fall 13%, Putting Carmaker On Course For Annual Drop
- Tesla's global sales fell for the second consecutive quarter, with a 13% decrease compared to the previous year.
- The company now faces a significant challenge to overcome a 110,000-car deficit in the second half to avoid an annual decline.
- Analysts predict a second consecutive annual drop in vehicle sales for Tesla, with concerns about delays in launching more affordable models.
- Despite sales challenges, Tesla's shares rose following the report, driven partly by Elon Musk's diversion towards a driverless taxi service and management changes within the company.
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Bloomberg Quint
2w
82
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Axis Max Life Launches Nifty 500 Multifactor 50 Index Pension Fund
- Axis Max Life Insurance Ltd. has launched the Axis Max Life Nifty 500 Multifactor 50 Index Pension Fund for policyholders with the Forever Young Pension Plan.
- The fund is a passively managed equity pension fund that aims to build a retirement corpus through factor-based investing, combining momentum, quality, value, and low volatility.
- Key highlights include a benchmark of Nifty 500 Multifactor MQVLv 50 Index, a very high-risk profile, asset allocation of 80–100% equity and 0–20% cash/money market instruments, and an NFO period from July 1 to July 16, 2025.
- The fund's objective is long-term capital growth, investing in a diversified equity portfolio mirroring the Nifty 500 Multifactor MQVLv 50 Index, suitable for investors with a long-term horizon and higher risk appetite.
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