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Bloomberg Quint
1d
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iPhone 17e Price Likely Around Rs 65,000, Launching Sooner Than Expected
- Apple is reportedly planning to launch the iPhone 17e earlier than expected in early 2026, following an annual upgrade cycle for its low-cost iPhone lineup.
- The iPhone 17e, replacing the 16e model, is expected to launch in February 2026, as per Bloomberg's Mark Gurman, deviating from Ming-Chi Kuo's earlier prediction of a May 2026 release.
- The iPhone 17e is likely to maintain features like a 6.1-inch OLED display, USB-C port, and be powered by the A19 chip, with an expected price around Rs 64,990 in India.
- Apple is anticipated to continue the 'e' lineup with a third-generation model expected in the spring of 2027, further solidifying its commitment to annual refresh cycles for budget-friendly iPhones.
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Bloomberg Quint
1d
353
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US, China Envoys To Meet In Possible Prelude to Trump-Xi Summit
- US Secretary of State Marco Rubio to meet Chinese Foreign Minister Wang Yi in Malaysia.
- Meeting seen as a possible prelude to a leadership summit between Trump and Xi.
- Rubio aims to discuss Chinese support for Russia, while tensions between US and China persist.
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Bloomberg Quint
1d
566
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Tourism Finance Corporation Board Approves 1:5 Stock Split
- Tourism Finance Corporation of India has announced a stock split in the ratio of 1:5, subject to shareholder approval at the upcoming annual general meeting.
- The stock split aims to enhance liquidity, improve affordability for retail investors, and broaden the shareholder base.
- After the split, the company's equity shares will increase from 9.25 crore to 46.29 crore with a new face value structure.
- The board also approved the appointment of secretarial auditors for a five-year term.
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Bloomberg Quint
2d
440
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Enviro Infra Engineers Shares Continue Rally, Hit Five-Month High After Order Win
- Enviro Infra Engineers' shares surged by 11% on Friday, reaching a five-month high after announcing a Rs 400-crore order win.
- Earlier, the company had seen a 5% rise in share price following another significant order win.
- Enviro Infra Engineers specializes in water and wastewater treatment plants, delivering infrastructure solutions across India.
- The company's stock price rose by 11.54% to Rs 273.49 apiece and continues to show growth in traded volume and relative strength.
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Bloomberg Quint
2d
196
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Stock Recommendations Today: TCS, HUL, Bharat Forge, Glenmark Pharma On Brokerages' Radar
- TCS, HUL, Bharat Forge, and Glenmark Pharma were top picks on brokerages' radar.
- UBS downgraded Bharat Forge and Maruti Suzuki while covering IDFC First Bank.
- Analyst views on TCS, leadership change at HUL, and brokerages' calls highlighted.
- Glenmark Pharma received mixed reviews from Nomura, HSBC, and Axis Capital.
- Brokerages shared insights on HUL's new CEO and TCS Q1 results, among others.
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Bloomberg Quint
2d
7
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India Widens Global Funds’ Access To $639 Billion Credit Market
- India has expanded foreign investors' access to its $639 billion credit market by allowing global banks like HSBC Holdings and Standard Chartered to offer total return swaps for corporate bonds.
- These total return swaps enable investors to gain exposure to India without the need to open a domestic account, attracting significant inflows into the nation's sovereign debt market since its inclusion in global bond indexes.
- The approval for swaps is currently limited to onshore rupee debt, but there is increasing demand to offer these derivatives for dollar bonds from companies in GIFT City.
- The move is seen as a way to further boost India's credit market growth, with increased interest from investors globally in accessing Indian assets through total return swaps.
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Bloomberg Quint
2d
312
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Multibagger PSU IREDA Share Price Cracks 6% After Q1 Net Profit Slumps 36% YoY; Stock Down 25% YTD
- IREDA shares slumped over 6% after reporting a 36% decline in net profit during the June quarter.
- The company's net profit dropped to Rs 247 crore from Rs 384 crore in the year-ago period.
- On Friday, IREDA's share price opened 5% lower and extended losses to 6% at Rs 159.80 intraday.
- With the stock down 25% year-to-date, this is a developing story with updates to follow.
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Bloomberg Quint
2d
15
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India Doubles Proposed Retaliatory Duties On Steel, Aluminium Against US At WTO
- India has doubled its proposed retaliatory duties against the US at the World Trade Organization in response to increased tariffs on steel and aluminium by the Trump administration.
- India's move aims to recover about $3.8 billion in duties, doubling its proposed duties after the US doubled its tariffs to 50% in June.
- This posturing at the WTO coincides with fresh negotiations for a bilateral trade agreement between India and the US, with a tariff pause date now set for August 1.
- The first rounds of negotiations did not result in a deal by the July 9 deadline, and both sides are now looking to reach an agreement within the next 20 days.
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Bloomberg Quint
2d
513
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Anthem Biosciences IPO GMP In Focus As Mainboard Issue Opens Next Week — Check Key Details
- Anthem Biosciences is set to launch its IPO next week to raise over Rs 3,000 crore from the primary market.
- The IPO price band is set between Rs 540 and Rs 570 per share, with details on lot sizes and participation requirements provided.
- Anthem Biosciences reported a YoY increase in profit after tax and total revenue in the financial year.
- Proceeds from the IPO will go to shareholders as the company will not receive any funds from the offering.
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Bloomberg Quint
2d
369
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TCS Share Price Falls Over 2% On Weak Q1 Results, Cautious Outlook; Buy Or Sell?
- TCS share price fell over 2% after reporting weak Q1 results and a cautious outlook by brokerages.
- Net profit for TCS rose 4% to Rs 12,760 crore in Q1FY26 compared to the previous quarter.
- Leading brokerages expressed concerns about the demand environment for TCS in the next few quarters due to macro uncertainty.
- At 9:54 am, TCS shares traded 2.26% lower at Rs 3,306 apiece on the BSE, with the stock falling 15% in the last 12 months.
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Bloomberg Quint
2d
1.3k
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TCS Salary Hike 2025: ‘We Have Not Made A Decision’, Says Chief HR After Q1 Results
- Tata Consultancy Services (TCS) has not finalized plans for a salary hike for employees in 2025, as stated by its Chief HR Officer following the Q1 financial results.
- TCS reported a 4% rise in net profit for the quarter ending June 30, with net profit reaching Rs 12,760 crore.
- Despite revenue decline and slight dip in operating income, TCS added over 6,000 employees in the quarter, leading to concerns over a high attrition rate of 13.8%.
- The company remains cautious on compensation decisions, linking future wage increases to improved macroeconomic conditions and business performance.
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Bloomberg Quint
2d
84
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Man Retires At 45 With Rs 4.7 Crore From Simple Job And SIPs, Viral Reddit Post Leaves Users In Awe
- A man retired at the age of 45 with a Rs 4.7 crore corpus from a simple job and SIPs, catching attention on Reddit for his unique approach to personal finance.
- He started investing in mutual funds through SIPs in 1998, even when the concept was not common, gradually increasing his contributions as his salary rose.
- Despite living a frugal lifestyle for years in a 2BHK, riding a scooter, and taking minimal vacations, he managed to accumulate significant wealth through consistent saving and investing.
- The viral post on Reddit praised his financial discipline, with many users impressed by his ability to retire early and maintain a low-key lifestyle, while some raised concerns about potential compromises in enjoying his wealth.
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Bloomberg Quint
2d
405
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Zee Entertainment Shares Fall As Shareholders Reject Rs 2,237-Crore Warrants Issuance Proposal
- Zee Entertainment Enterprises Ltd.'s share price fell by 6.24% after shareholders rejected a proposal to raise Rs 2,237 crore through the issuance of warrants to promoters.
- The resolution failed as the number of votes in favor was less than three times the number of votes against it, with 59.5% in support and 40.5% in opposition.
- Most warrants were intended for issuance to a Mauritian promoter, including ousted board member Punit Goenka, with Sunbright Mauritius Investments Ltd. and Altilis Technologies Pvt. being the sources of funds.
- Approval of the proposal would have led to Sunbright subscribing to over 99% of the warrants, potentially acquiring a 14.92% stake in the company.
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Bloomberg Quint
2d
323
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DMart Share Price Falls Ahead Of Q1 Results
- Shares of Avenue Supermarts Ltd. (DMart) fell 0.82% ahead of the company's first-quarter results on Friday.
- DMart's revenue for the June quarter is projected to increase by 17.8% year-on-year to Rs 16,583 crore, with a forecasted net profit growth of 14% to Rs 883 crore.
- In the previous quarter, DMart experienced a decline in profit but reported a revenue increase, leading to anticipation around the upcoming results amidst challenges in the consumer staples sector.
- Analysts predict potential muted top-line growth for companies in the consumer staples space due to weak underlying demand.
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Bloomberg Quint
2d
198
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Rupee Opens Weak Against US Dollar Amid Tariff Tensions
- The Indian rupee opened weak against the US dollar at 85.83 on Friday, after closing at 85.65 on Thursday.
- Dollar-rupee forward premiums showed minimal movement, indicating limited support for an interest rate cut later this month.
- Ongoing tariff tensions between the US and other countries have contributed to volatility in the forex market.
- Oil prices remained steady as investors evaluated the impact of OPEC+ supply and President Trump's tariffs.
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